Seeking a smart way to trade as a newbie

[aoluain]

Looking at the Bitcoin volatility this days, do you think is favourable for young traders especially the newbies to trade or should they hold their Bitcoins pending when the price will appreciate, then they sell out their Bitcoins.

Or is it better to indulge in a calculative trading hoping one might be making little earnings since investment takes some considerable period of time to cash out the profit.

My opinion -

How will you know when to buy and how will you know when to sell?

Even though there is no real bad time to buy Bitcoin if you intend to HODL for the long term
of indefinitely but for trading you could very well buy and sell later at the most inopportune time.

You are right that the market volatility offers good opportunities to trade but that comes with risks
for the newbies . . . and there is no easy trades, you will have to put the time and study in.

[m2017]

How will you know when to buy and how will you know when to sell?

Whoever knows the answer to this question will become the most successful trader.

Even though there is no real bad time to buy Bitcoin if you intend to HODL for the long term
of indefinitely but for trading you could very well buy and sell later at the most inopportune time.

If so, can a trader gradually transform into a long-term holder?

You are right that the market volatility offers good opportunities to trade but that comes with risks
for the newbies . . . and there is no easy trades, you will have to put the time and study in.

Trading is fraught with risk, not only for beginners but also for experienced traders. Risks are always present.

No matter how much time and research you spend, there's always the possibility that the president of some oil-rich country will be kidnapped by another country, causing a sharp spike in demand for bitcoin. What trader could have predicted this event, given that a week or two ago, the market was falling and forecasts were pessimistic due to the (presumably) completion of the bull run?

Of course, such price surges offer great trading opportunities, but if you "make the wrong bet", failure is inevitable. Would a newbie want to continue trading after such a scenario? Unlikely.

[UmerIdrees]

My opinion -

How will you know when to buy and how will you know when to sell?

Even though there is no real bad time to buy Bitcoin if you intend to HODL for the long term
of indefinitely but for trading you could very well buy and sell later at the most inopportune time.

You are right that the market volatility offers good opportunities to trade but that comes with risks
for the newbies . . . and there is no easy trades, you will have to put the time and study in.

Trading isn't easy these days, and even the most experienced traders face losses these days. The reason is that the market behaviour is strange nowadays and the very basic genuine trading pattern fails to execute. The reason is that there is a lot of manipulation in the crypto market, and due to which it's hard to get a profit, and mostly the stop losses hit first before the trade moves in the desired direction. 

I think sometimes investing is easier and secure than trading. In investing, you can buy the coin in parts and hold it for the long term. That strategy still gives better profits.

[Alpen]

Looking at the Bitcoin volatility this days, do you think is favourable for young traders especially the newbies to trade or should they hold their Bitcoins pending when the price will appreciate, then they sell out their Bitcoins.

Or is it better to indulge in a calculative trading hoping one might be making little earnings since investment takes some considerable period of time to cash out the profit.

From what I gather, you are tempted to speculate on Bitcoin because of its volatility. Newbies often see these massive daily swings and mistake them for a guaranteed daily paycheck.

It might look more attractive than waiting years for an investment to pay off, but in reality, you'll likely get caught in a market crash. You’ll become an 'accidental investor,' waiting months or even years just for the price to get back to break-even.

My advice? Learn the mechanics of professional trading. You'll eventually realize that trading lower-volatility instruments can actually yield higher and more consistent returns than chasing crypto pumps

[Timotech]

Yes newbie needs see various strategies tailored to different trading styles and market conditions. It’s important to thoroughly research and understand each strategy before applying them.not because the market volatility offers good opportunities to traders and it still comes with riskk for the newbies,like "Me"

[Ivan095]

I've found that the steepest learning curve for any newbie isn't just understanding technical analysis, but actually mastering the psychological discipline required to stay consistent. Most people start by manually chasing green candles, which often results in unnecessary losses due to emotional fatigue. I’ve personally moved toward using automated scripts and platforms like darkbot.io to execute trades based on pre-set logic rather than gut feeling. While this approach doesn't eliminate risk, it definitely helps in maintaining a neutral perspective when the market gets volatile. For someone just starting out, focusing on tools that assist with risk management is usually more productive than looking for a "perfect" entry signal.

[lornadane]

Looking at the Bitcoin volatility this days, do you think is favourable for young traders especially the newbies to trade or should they hold their Bitcoins pending when the price will appreciate, then they sell out their Bitcoins.

Or is it better to indulge in a calculative trading hoping one might be making little earnings since investment takes some considerable period of time to cash out the profit.

For newbies trading can be very risky.
Holding or DCA is much safer.
Trading takes skill and patience, practically easy gains aren’t real.

[tabas]

For newbies trading can be very risky.
Holding or DCA is much safer.
Trading takes skill and patience, practically easy gains aren’t real.

I agree with all that you've said. But easy gains are real but it takes a lot of those failures, losses, experience and patience before it happens. And newbies think shortcut and that's why they think of it as possible as early as they knew it. That is why many of them takes it seriously as if it will come to them in their very first trials. It's not happening based on how they think of it. Those who can make easy gains are experienced and they're able to go through a lot of testing and losses before they can make that today and most of them are lowkey.

[lornadane]

Looking at the Bitcoin volatility this days, do you think is favourable for young traders especially the newbies to trade or should they hold their Bitcoins pending when the price will appreciate, then they sell out their Bitcoins.

Or is it better to indulge in a calculative trading hoping one might be making little earnings since investment takes some considerable period of time to cash out the profit.

For newbies tradin BTC right now is risky AF.
Volatility will shake you out fast if you don’t know what you’re doing. Most beginners lose trying to chase quick wins.

Holding is the safer move then buyin.  chill let time work cause BTC usually rewards patience.

Best playis to

HODL most of your bag then if you really wanna trade but use a small amount you’re okay losing to learn.

Protect your bag first, Don’t rush the bag.

[asrinur]

Looking at the Bitcoin volatility this days, do you think is favourable for young traders especially the newbies to trade or should they hold their Bitcoins pending when the price will appreciate, then they sell out their Bitcoins.

Or is it better to indulge in a calculative trading hoping one might be making little earnings since investment takes some considerable period of time to cash out the profit.

personally i feel if your a newbie and bitcoin and you already put you money in when it was at a high point then you should leave it. at this moment bitcoin is down so making a lose right now would be pointless especially if you dont need the money just leave it in.

bitcoin is more of a long term investment and not for the weak

[Antona]

Looking at the Bitcoin volatility this days, do you think is favourable for young traders especially the newbies to trade or should they hold their Bitcoins pending when the price will appreciate, then they sell out their Bitcoins.

Or is it better to indulge in a calculative trading hoping one might be making little earnings since investment takes some considerable period of time to cash out the profit.

yea for sure if your new wild btc can be very volatility and not really the best playground, if you do not know the game yet trading that chop is how newbies get smoked to be fair. holding is much safer while you learn. all you need to do is take some time to learn the skills you need by watching vids. quick flips sound cute but they humble people fast but atleast you can learn from mistakes.

[Coloma612]

...

High volatility is a double edged sword for newbies. Without proper risk management and technical analysis skills most young traders end up losing their initial capital during liquidations. Holding bitcoin remains the safest path for those who cannot dedicate hours to market monitoring. Calculative trading requires a deep understanding of order books and leverage which takes years to master

[UmerIdrees]

For newbies trading can be very risky.
Holding or DCA is much safer.
Trading takes skill and patience, practically easy gains aren’t real.

Yeah, I agree with you as one of the easiest methods to make money in crypto is to hold the bitcoin and wait for its price ot move up over time. While active trading, where one buys and sells and makes profits, it cannot be compared with long-term investments in bitcoin.

For a newbie, the best bet could be to invest in Bitcoin, then learn about active trading and allocate some portion of their money for active trading, and that advice is not only for the newbies but for anyone who wants to make money through Bitcoin and cryptocurrencies.

[noormcs5]

Yeah, I agree with you as one of the easiest methods to make money in crypto is to hold the bitcoin and wait for its price ot move up over time. While active trading, where one buys and sells and makes profits, it cannot be compared with long-term investments in bitcoin.

For a newbie, the best bet could be to invest in Bitcoin, then learn about active trading and allocate some portion of their money for active trading, and that advice is not only for the newbies but for anyone who wants to make money through Bitcoin and cryptocurrencies.

While it is possible to make good money in crypto, if you invest in the right coins and at a right time however i wouldn't call it an "easy" thing for the newbies as they will do a lot of mistakes initially and its like everyone who enters into cryptocurrencies do such mistakes like ignoring bitcoin and investing in low cap coins (to gain more profits).

[ColdLava40]

Looking at the Bitcoin volatility this days, do you think is favourable for young traders especially the newbies to trade or should they hold their Bitcoins pending when the price will appreciate, then they sell out their Bitcoins.

Or is it better to indulge in a calculative trading hoping one might be making little earnings since investment takes some considerable period of time to cash out the profit.

Holding will always be the best solution to your problems.

Some newbies gets naive, trading is not a game where you simply press button. it's better if you don't understand and are not going to be ready for the outcome, to just stay clear.

Alot of newbies have been frustrated by how terrible short term trading is and because of that, they simply have no faith in any kind of investment.

They fear that similar faith would occur when they invest into the market on long term. But it's not. You can do both as well. That's if you are the type that knows what they are doing.

[uneng]

The market is unpredictable on short term. Therefore, trading means gambling with your money. You can't do this consistently and still make profit.

Actually, it's not even about being a newbie or a veteran. It's about not being able to predict daily fluctuations in this market.

What we know is that we are facing a bearish market and that it won't last forever. What you want to do is to buy when prices are bearish and sell when prices are bullish. With that in mind, you can buy now expecting to sell on the following years. Always when investing in BTC, adopt a long term posture towards your investments. Be ready and prepared to hold for years, if necessary. Forget quick and easy profits.

[trendcrypt]

Looking at the Bitcoin volatility this days, do you think is favourable for young traders especially the newbies to trade or should they hold their Bitcoins pending when the price will appreciate, then they sell out their Bitcoins.

Or is it better to indulge in a calculative trading hoping one might be making little earnings since investment takes some considerable period of time to cash out the profit.

Personally, I wouldn't recommend short-term trading to someone who's just starting.

It's easy to look at a chart and think making money is simple, but there's a lot more to it than that. Most beginners lose because they jump in before they really understand what they're doing.

If your goal is to own Bitcoin, I'd rather buy it over time and hold it. If you eventually want to trade, learn first, practice, and don't expect quick profits.

[Ishicryptic]

The market is unpredictable on short term. Therefore, trading means gambling with your money. You can't do this consistently and still make profit.

Actually, it's not even about being a newbie or a veteran. It's about not being able to predict daily fluctuations in this market.

What we know is that we are facing a bearish market and that it won't last forever. What you want to do is to buy when prices are bearish and sell when prices are bullish. With that in mind, you can buy now expecting to sell on the following years. Always when investing in BTC, adopt a long term posture towards your investments. Be ready and prepared to hold for years, if necessary. Forget quick and easy profits.

In cryptocurrency if you're being specific about Bitcoin and making money in it the best option for you now is to buy the dip because we're in bear run, just accumulate as much as you can and wait patiently for bull run. It is not easy to accurately predict where price would be on the short term because Bitcoin is a volatile asset that you don't know where price will be on the short term but if you hold for long Bitcoin has potentials to reach ATH. Trading is risky due to the volatility of Bitcoin so investment is far less riskier than trading especially now that we are in bear run, if you have discretionary funds it is better to use the season to accumulate Bitcoin and wait to take profit on the long term.

[Gozie51]

The market is unpredictable on short term. Therefore, trading means gambling with your money. You can't do this consistently and still make profit.

This debate keeps coming up and I think it is still valid. However, it depends on how you trade. If a trader has control of his emotions and does his analysis to understand the direction of price, then he may not be gambling with his funds. Some gamblers don't research or analyze what they want to gamble, they rely on what others predict or what they see online.

Actually, it's not even about being a newbie or a veteran. It's about not being able to predict daily fluctuations in this market.

That's the point. A professional trader takes few analysed trades and calls it off but when you keep gambling with the fluctuations, then you are good as gambling.

[Amuro]

Looking at the Bitcoin volatility this days, do you think is favourable for young traders especially the newbies to trade or should they hold their Bitcoins pending when the price will appreciate, then they sell out their Bitcoins.

Or is it better to indulge in a calculative trading hoping one might be making little earnings since investment takes some considerable period of time to cash out the profit.

If you're new, you do not yet have the presence of mind to trade Bitcoin or any other asset for that matter. So your best bet is to hold your coins and wait for the market to stabilize above the value you bought it before selling if you must sell. Alternatively hold your bitcoins for a long time like 5 years and sell at a profit. This would depend on how substantial your BBitcoin is.