Hodl (Naija)

[Nuel0717]

Trading is not bad, but if you blindly trust and trade without increasing your knowledge and acquiring any knowledge about cryptocurrencies, it will be a loss for everyone.However, according to my knowledge and from the time I have spent on this forum, trading requires a lot of analysis and experience, because without it, the trader is definitely at risk.Therefore, the number of losses is higher among those who start trading too quickly out of greed for money, but note that those who start with experience do not lose much, even if they do.

Newbies in cryptocurrency shouldn't involve themselves in trading due to the high risk, you made mention that trading requires lots of experience which is what a newbie has not got, they only know the basic things in cryptocurrency that's why they should focus on buying and holding Bitcoin which need basic knowledge and discretionary income to start up.

Trading might not be bad for someone who's an expert in it but for a beginner it's not only very risky but very bad because a newbie won't know how to manage risks, understand charts and carry our proper analysis of the market like someone who's got advanced knowledge in it would do.

[Charles-Tim]

but note that those who start with experience do not lose much, even if they do.

If 85% to 90% of traders are losing, I think from the 85 to 90%, some people will think that they have experience already, but they will trade and lose instead. They will trade, make money some days, but still lose the money they make from trading and the money they started using to trade all lost. I have always post that it is very  necessary for traders to trade with the amount of money that they can afford to lose. This is the first necessary step into a good trading plan.

[Rockson1]

I don't think that it's proper to be saying that trading is bad, the only problem is that people venture into it blindly, just because they believe that they can make money from it very quick.
What I have understand about trading is that you will be brutally punished if you enter blindly, but if you knows how to read the chart and the market generally, you can never blow your account, especially when you take only the best trading set up, not by trading anything you see in the market.

Of course to some people it is bad, people have there opinions bro, so they should be allowed to make their opinions known to the public, can you tell me the main purpose of trading if not for profit, athough you correct about the way people go after trading, when you talk come across an experience trader as they call it, they will tell you that trading is not actually what some people thinks it is, they will say that trading is more of skills and patience not actually a way of getting money fast sometimes I argue the quick money aspect because if traidng was designed to be like that, it would have not been viewed as short term ventures which are likely approach for quick money making.

[DiMarxist]

Snip.

Newbies in cryptocurrency shouldn't involve themselves in trading due to the high risk, you made mention that trading requires lots of experience which is what a newbie has not got, they only know the basic things in cryptocurrency that's why they should focus on buying and holding Bitcoin which need basic knowledge and discretionary income to start up.

Trading might not be bad for someone who's an expert in it but for a beginner it's not only very risky but very bad because a newbie won't know how to manage risks, understand charts and carry our proper analysis of the market like someone who's got advanced knowledge in it would do.

There is more to trading as it sounds from the beginning, the main reason why people get involved in trading is due to profit making. Because of the money involved in trading most people just rush into it when, they have the capital to start thinking that they were going to double their money and make too much gain in the process. But only realize that, trading is beyond just making money it's an art, skill and even to a large extent involves your psychology . So trading may not be bad in the real sense but I will not advise anyone to put his money into it , until such a person should learn and equip himself with the skills that will be helpful to his trading activities.

[yixichloro2xx]

Snip.

Newbies in cryptocurrency shouldn't involve themselves in trading due to the high risk, you made mention that trading requires lots of experience which is what a newbie has not got, they only know the basic things in cryptocurrency that's why they should focus on buying and holding Bitcoin which need basic knowledge and discretionary income to start up.

Trading might not be bad for someone who's an expert in it but for a beginner it's not only very risky but very bad because a newbie won't know how to manage risks, understand charts and carry our proper analysis of the market like someone who's got advanced knowledge in it would do.

There is more to trading as it sounds from the beginning, the main reason why people get involved in trading is due to profit making. Because of the money involved in trading most people just rush into it when, they have the capital to start thinking that they were going to double their money and make too much gain in the process. But only realize that, trading is beyond just making money it's an art, skill and even to a large extent involves your psychology . So trading may not be bad in the real sense but I will not advise anyone to put his money into it , until such a person should learn and equip himself with the skills that will be helpful to his trading activities.

You are right , many people enter trading with a very wrong mindset. And that wrong mindset is gotten from the place where they get their information e.g fake influencers, Internet etc. So from they will start believing that if they can put money into Bitcoin today before tomorrow you would have seen big profit. That kind of sweet talk will be of an interest to someone who doesn't have any slight knowledge about Bitcoin. Trading itself isn't something that someone will just jump in blindly hoping to get profit, you will need to have a good strategy and strong physcology before you can trade. Newbie best option is always investing, because you might now see it use now, but when u accumulate and hold for many years, your gains will be massive only if invest properly. in life we should know that to Make money or to be rich or wealthy requires lots of sacrifice and patience.

[Wakate]

There is more to trading as it sounds from the beginning, the main reason why people get involved in trading is due to profit making. Because of the money involved in trading most people just rush into it when, they have the capital to start thinking that they were going to double their money and make too much gain in the process. But only realize that, trading is beyond just making money it's an art, skill and even to a large extent involves your psychology . So trading may not be bad in the real sense but I will not advise anyone to put his money into it , until such a person should learn and equip himself with the skills that will be helpful to his trading activities.

It is very easy to make huge money from trading and that is one of the reasons why people are interested in trading so that they can be profitable like the big traders in the market trying to make money for themselves. It is not like trading is very easy to do but people are interested because of how fast you can make money from it than when you compare it to holding which can take a longer years for you to make profits holding one particular asset.

[Karl_3000]

Bitcoin price:

₦108,035,780 ($78,530).

It is very easy to make huge money from trading and that is one of the reasons why people are interested in trading so that they can be profitable like the big traders in the market trying to make money for themselves. It is not like trading is very easy to do but people are interested because of how fast you can make money from it than when you compare it to holding which can take a longer years for you to make profits holding one particular asset.

Why are most of the traders losing money in ready if it is easy to make money from trading?

After gambling, trading is the second thing that people lose money from the most or is this wrong?

[NewRevelation]

Bitcoin price:

₦108,035,780 ($78,530).

It is very easy to make huge money from trading and that is one of the reasons why people are interested in trading so that they can be profitable like the big traders in the market trying to make money for themselves. It is not like trading is very easy to do but people are interested because of how fast you can make money from it than when you compare it to holding which can take a longer years for you to make profits holding one particular asset.

Why are most of the traders losing money in ready if it is easy to make money from trading?

After gambling, trading is the second thing that people lose money from the most or is this wrong?

Smiles! Of course, it's not an arguable topic. People are loosing money everyday from trading. We have heard of those who took there lives by themselves due to the change or crash in the trading sections. Am sure poeple won't come out openly to annouuthete loss or the pressure and panic they pass through always when they trade of loose from trading. For me, I can't trade because the risk if 100% and it's not safe for my mental health. Of course, people have there personal decisions, and am sure they will bear the risk all alone. Investment is better, trading is a big trap of losses. So when you win, you just got lucky. That's how I view it, just like gambling

[laijsica]

There is more to trading as it sounds from the beginning, the main reason why people get involved in trading is due to profit making. Because of the money involved in trading most people just rush into it when, they have the capital to start thinking that they were going to double their money and make too much gain in the process. But only realize that, trading is beyond just making money it's an art, skill and even to a large extent involves your psychology . So trading may not be bad in the real sense but I will not advise anyone to put his money into it , until such a person should learn and equip himself with the skills that will be helpful to his trading activities.

It is very easy to make huge money from trading and that is one of the reasons why people are interested in trading so that they can be profitable like the big traders in the market trying to make money for themselves. It is not like trading is very easy to do but people are interested because of how fast you can make money from it than when you compare it to holding which can take a longer years for you to make profits holding one particular asset.

To reach that level of profit, you have to go through a lot of hardships, but it is not guaranteed that you will always make perfect decisions. I have seen many short term traders become strong in long term investments who once believed that trading would make them very rich but they were wrong and diverted to long term investments.
To get to the level where you expect to make profits by holding assets, you have to go through long term investments. People want everything easily but it is wrong for those who are not skilled in that matter to expect it. To become skilled they have to go through years of discipline, sometimes making wrong decisions, losses and disappointments, and only after gaining experience can that person profit. They are not perfect just like experienced gamblers are not perfect.

[Crytohillss]

Newbies in cryptocurrency shouldn't involve themselves in trading due to the high risk, you made mention that trading requires lots of experience which is what a newbie has not got, they only know the basic things in cryptocurrency that's why they should focus on buying and holding Bitcoin which need basic knowledge and discretionary income to start up.
Trading might not be bad for someone who's an expert in it but for a beginner it's not only very risky but very bad because a newbie won't know how to manage risks, understand charts and carry our proper analysis of the market like someone who's got advanced knowledge in it would do.

So many individuals rush thinking trading is some kind of quick assets mostly because of the kind of orientation they have,  they have been exposed to it, the reality is very clear without proper understanding emotional control and discipline it's  easy to lose money just as fast as one expect to more money. Taking some time to understand the market building a good strategy and even beginning with long term investment is more reasonable.

[fredericktaylor]

Newbies in cryptocurrency shouldn't involve themselves in trading due to the high risk, you made mention that trading requires lots of experience which is what a newbie has not got, they only know the basic things in cryptocurrency that's why they should focus on buying and holding Bitcoin which need basic knowledge and discretionary income to start up.
Trading might not be bad for someone who's an expert in it but for a beginner it's not only very risky but very bad because a newbie won't know how to manage risks, understand charts and carry our proper analysis of the market like someone who's got advanced knowledge in it would do.

So many individuals rush thinking trading is some kind of quick assets mostly because of the kind of orientation they have,  they have been exposed to it, the reality is very clear without proper understanding emotional control and discipline it's  easy to lose money just as fast as one expect to more money. Taking some time to understand the market building a good strategy and even beginning with long term investment is more reasonable.

There are many people who think that trading is a way to make money or achieve success very quickly. But the reality is not like that at all, trading without proper knowledge or understanding about market volatility and just out of greed, hoping to make money quickly, there is more chance of losing money than making money. Achieving success in trading is not an easy work, I think it is very complicated, because of one wrong decision you have, there is a possibility of losing all your money by trading. So it is better to control greed and understand the right knowledge and strategies and market volatility and trading otherwise you may face loss of all your money.

[cocadalcan]

Newbies in cryptocurrency shouldn't involve themselves in trading due to the high risk, you made mention that trading requires lots of experience which is what a newbie has not got, they only know the basic things in cryptocurrency that's why they should focus on buying and holding Bitcoin which need basic knowledge and discretionary income to start up.
Trading might not be bad for someone who's an expert in it but for a beginner it's not only very risky but very bad because a newbie won't know how to manage risks, understand charts and carry our proper analysis of the market like someone who's got advanced knowledge in it would do.

So many individuals rush thinking trading is some kind of quick assets mostly because of the kind of orientation they have,  they have been exposed to it, the reality is very clear without proper understanding emotional control and discipline it's  easy to lose money just as fast as one expect to more money. Taking some time to understand the market building a good strategy and even beginning with long term investment is more reasonable.

There are many people who think that trading is a way to make money or achieve success very quickly. But the reality is not like that at all, trading without proper knowledge or understanding about market volatility and just out of greed, hoping to make money quickly, there is more chance of losing money than making money. Achieving success in trading is not an easy work, I think it is very complicated, because of one wrong decision you have, there is a possibility of losing all your money by trading. So it is better to control greed and understand the right knowledge and strategies and market volatility and trading otherwise you may face loss of all your money.

To gain experience in trading, you need to start with funds that you can afford to lose or not expect to get back. Trading is a risky financial system, and if you jump into it with a clear understanding of the risks, you will gain experience. Sometimes by making a profit, sometimes by losing. The main thing is that you learn about the market and keep trading and use funds that you do not have to worry about losing your funds.

If you do not have any fear of losing funds, you can take risks and trade without any pressure. Trading requires taking risks, and traders who can take more risks are more likely to succeed.

[PremiumcryptoHub]

So many individuals rush thinking trading is some kind of quick assets mostly because of the kind of orientation they have,  they have been exposed to it, the reality is very clear without proper understanding emotional control and discipline it's  easy to lose money just as fast as one expect to more money. Taking some time to understand the market building a good strategy and even beginning with long term investment is more reasonable.

There are many people who think that trading is a way to make money or achieve success very quickly. But the reality is not like that at all, trading without proper knowledge or understanding about market volatility and just out of greed, hoping to make money quickly, there is more chance of losing money than making money. Achieving success in trading is not an easy work, I think it is very complicated, because of one wrong decision you have, there is a possibility of losing all your money by trading. So it is better to control greed and understand the right knowledge and strategies and market volatility and trading otherwise you may face loss of all your money.

To my knowledge before starting trading, everyone should take some time to understand the market, control their emotions, be patient and develop a good strategy because without these, you will lose all the Naira you use in trading. However, it should be remembered that trading should never be considered as a way to make quick profits, rather we should invest in the long term using our earned local currency. An example of how BTC investment can provide more profit than trading is that since the beginning of this 2026, the BTC market was not in the right level due to the war, but even then we saw that BTC broke the resistance level of $80,000 on the fourth of this May, so it is proven that patience and long-term BTC investment have the potential to be profitable.

[MorganaX]

Newbies in cryptocurrency shouldn't involve themselves in trading due to the high risk, you made mention that trading requires lots of experience which is what a newbie has not got, they only know the basic things in cryptocurrency that's why they should focus on buying and holding Bitcoin which need basic knowledge and discretionary income to start up.
Trading might not be bad for someone who's an expert in it but for a beginner it's not only very risky but very bad because a newbie won't know how to manage risks, understand charts and carry our proper analysis of the market like someone who's got advanced knowledge in it would do.

So many individuals rush thinking trading is some kind of quick assets mostly because of the kind of orientation they have,  they have been exposed to it, the reality is very clear without proper understanding emotional control and discipline it's  easy to lose money just as fast as one expect to more money. Taking some time to understand the market building a good strategy and even beginning with long term investment is more reasonable.

Sometimes na because of the way people don even portray the whole thing to be because for now Dem get so many places and as for the Internet space wey dey always paint trading as some kind of easy thing to do and get money and when all these newcomers in the crypto space see these ones them go come dey feel like say Dem Don hit better jackpot to take get plenty money quick quick. But the truth be say e no easy like that at all.

[Charles-Tim]

To my knowledge before starting trading, everyone should take some time to understand the market, control their emotions, be patient and develop a good strategy because without these, you will lose all the Naira you use in trading.

On paper, it is very easy. But in reality, it is very hard. You will see traders that are losing all the time, but the trader knows all these that he should be patient and avoid emotion trading and all other things, but he will still be finding himself losing. All I can say is that people should trade with the amount of money that they can afford to lose. This is the most important thing about trading. Most time it is just better to hold.

[I_Anime]

Bitcoin price:

₦108,035,780 ($78,530).

It is very easy to make huge money from trading and that is one of the reasons why people are interested in trading so that they can be profitable like the big traders in the market trying to make money for themselves. It is not like trading is very easy to do but people are interested because of how fast you can make money from it than when you compare it to holding which can take a longer years for you to make profits holding one particular asset.

Why are most of the traders losing money in ready if it is easy to make money from trading?

After gambling, trading is the second thing that people lose money from the most or is this wrong?

Trading is the hardest way to make easy money , trading is kinda of complex especially to newbies those that haven’t mastered the market or are now well knowledgeable about how it works . But tbh is not as complex the way many sees it to be trading is mainly about having a strategy like certain principles to work with it , and don’t go against it especially when that strategy is working fine for you , rather than trying different strategy just keep making that one strategy better .

[Agathamay]

why are people not voting?
meanwhile, i'm holding and sincerely i really don't know long i would e holding but the truth is that, i already have a target o taking my profit when bitcoin hits a new all time (ATH) and even if it happens now, be rest assured i will take some profits but aside that, i will always hold my coin and when it comes to percentage for investment, i will be very sincere that i don't have any fixed investment plan as what i do is simply buy when i know fully well that, i wouldn't be needing that very money any time soon and this has really helped me in my investment journey.

[Alonso_]

It’s a very good idea to hold bitcoin, when you have money on a weekly basis or on a monthly basis after paying for our bills it’s just better to start buying bitcoin and holding bitcoin for the future purposes, because I haven’t seen a better opportunity that we have now that is even better than holding bitcoin for the future purposes, there are individuals who just buy bitcoin for the sake of buying bitcoin they don’t even try to be holding bitcoin at all for a long term, which are short term traders, instead of them to buy and be holding bitcoin for a longest time so they can have more better opportunity of having more profits in their portfolio.

[Tetu100]

It is important that if you can't buy bitcoin and hodl it , just from the signature income you receive try and hold some instead of using all for your personal needs after all you are not looking for money or have need for an extra job in other to buy bitcoin but from your income which will serve as savings to you just as OP has said it , that is another way of hodl if you are really determined

On point and with determination and consistency will overcome the fear of losing or missing out, because most people thinks that without having big amount of money, they can't achieve their goals. Forgetting that slow and steady wins the race, which doesn't mean how far they have to go but how well they will do, with the any amount of money they can afford to start with.

Many people are used to despise little beginning even in their investment journey, not  knowing that every journey of a thousand mile always start with a single step you take. If you can not count one then how possible can you then count two, this are things we should take into consideration in other to get things right in our investment journey.

Starting small in your investment journey is not a sign of being weak or being unserious but with consistent accumulation you will be amazed how great you will attain in no time. Furthermore, I have learned to understand that most times when we keep on waiting and procrastinating  for a very long time, it makes us lost a lot of great opportunities that would have been utilized  and converted in to life time foturnes. However, "let make hay while the sun shine", it is more better off to be accumulating Bitcoin bit by bit within our financial range which I believe can lead us to our dreamed point than be totally left out all because you wanted to prove a point that wasn't necessary.
 

[DubemIfedigbo001]

I don't think that it's proper to be saying that trading is bad, the only problem is that people venture into it blindly, just because they believe that they can make money from it very quick.
What I have understand about trading is that you will be brutally punished if you enter blindly, but if you knows how to read the chart and the market generally, you can never blow your account, especially when you take only the best trading set up, not by trading anything you see in the market.

Of course to some people it is bad, people have there opinions bro, so they should be allowed to make their opinions known to the public, can you tell me the main purpose of trading if not for profit, athough you correct about the way people go after trading, when you talk come across an experience trader as they call it, they will tell you that trading is not actually what some people thinks it is, they will say that trading is more of skills and patience not actually a way of getting money fast sometimes I argue the quick money aspect because if traidng was designed to be like that, it would have not been viewed as short term ventures which are likely approach for quick money making.

I was inclined to believe that this thread is about encouraging Nigerians the keep holding, why is trading taking over the discussions?
Holding bitcoin is always a better option than trading, it is worse for inexperienced traders who keep enriching exchanges and other platforms.
When you hold, you are freed of the emotional unrest that comes with trading, which is worse with those who don't trade only with little amounts the can afford to loose. Holding has allowed me concentrate on my other hustle points and not worry about loosing my money since I meet the same quantity when I return to my wallet, so holding bitcoin is much better, especially for newbies in cryptocurrency.