Let's not encourage newbies towards wrong practices.

[Sunshine1525]

On several occasions, I've come across statements like, it's anyone's choice to do whatever they want with Bitcoin including trading with it. We can't deny that fact but let's not also forget that because people choose to follow that path doesn't mean that they're right with what they're doing, moreover Bitcoin is a long-term investment opportunity and it's best to be held for long-term to make more profits than trading with it which is more riskier than holding.

Make we no also forget say many people dey here to learn and new for this crypto stuff, you fit done sabi how to manage the risk wey follow trading with Bitcoin but many newbies here no sabi and them still dey find their way around the crypto space, make we no use our statements push them into wrong practice. Atleast them suppose use better strategy as newbies to accumulate Bitcoin no be the other way round.

[Loyang]

Every person has the right to make their own decisions. We can never see the right over their decisions and we can not stop them from making decisions. However, we can give them the right advice on what they need to do, even if they take the wrong decision, it is their personal decision.

Compared to trading, the risk in long-term investment is much lower and your chances of making a profit are much higher. A person should never do trading, about 95% of people face losses from trading. A person who creates a trading mentality or steps towards trading after the greed of money always faces losses. Always keep the mentality of long-term investment and continue to buy continuously through your discretionary income, it will be good for you.

It takes a person a lot of time to learn trading. During this time, if a person continues to buy continuously through his discretionary income, then he will be able to go a long way towards his portfolio building goal. There is no guarantee that he will be able to make a profit even after learning trading at this time.

[Jubilee58]

On several occasions, I've come across statements like, it's anyone's choice to do whatever they want with Bitcoin including trading with it. We can't deny that fact but let's not also forget that because people choose to follow that path doesn't mean that they're right with what they're doing, moreover Bitcoin is a long-term investment opportunity and it's best to be held for long-term to make more profits than trading with it which is more riskier than holding.

Make we no also forget say many people dey here to learn and new for this crypto stuff, you fit done sabi how to manage the risk wey follow trading with Bitcoin but many newbies here no sabi and them still dey find their way around the crypto space, make we no use our statements push them into wrong practice. Atleast them suppose use better strategy as newbies to accumulate Bitcoin no be the other way round.

I so much agree with what you are saying. If someone is a newbie, the person  could have little or no knowledge of bitcoin investing, so it is write for those who knows how Bitcoin investing work to put such newbie through. Someone who is already a guru in Bitcoin investing can use his bitcoin any how he or she want either for trading or hodling, the person already know what he or she is doing, you can't live a newbie all alone, the newbie will make so much errors and will end up mismanaging his or her bitcoin investment.
Many of us have made so many errors when we started Bitcoin investment, maybe there was nobody to put us through at the initial stage, but today because we learned and mastered Bitcoin investing after years of research and learning from the right source, we now know how bitcoin investing works and the best way to invest in bitcoin. The newbies should be taught the right approach to Bitcoin investing and how the can make the most profit out their investment. If you say as a newbie, they have the write to use their Bitcoin anyhow they want, yes you might be write, but then, the newbies may be doing that out of ignorance.

[Agbamoni]

On several occasions, I've come across statements like, it's anyone's choice to do whatever they want with Bitcoin including trading with it. We can't deny that fact but let's not also forget that because people choose to follow that path doesn't mean that they're right with what they're doing, moreover Bitcoin is a long-term investment opportunity and it's best to be held for long-term to make more profits than trading with it which is more riskier than holding.

It is not an encouragement, it is the simple truth. Those who have sense will understand that maturity means taking responsibility for any decision and action you make, which is what that statement actually means. Everyone has the right to make their own decisions unless they are slaves, where the master makes the decisions for them. As a free man, you can do whatever you want, you are free to do the right thing or do the wrong thing, at the end of the day, the result and consequences will be yours to bare alone.

[ZeroVinsonN]

On several occasions, I've come across statements like, it's anyone's choice to do whatever they want with Bitcoin including trading with it. We can't deny that fact but let's not also forget that because people choose to follow that path doesn't mean that they're right with what they're doing, moreover Bitcoin is a long-term investment opportunity and it's best to be held for long-term to make more profits than trading with it which is more riskier than holding.

Make we no also forget say many people dey here to learn and new for this crypto stuff, you fit done sabi how to manage the risk wey follow trading with Bitcoin but many newbies here no sabi and them still dey find their way around the crypto space, make we no use our statements push them into wrong practice. Atleast them suppose use better strategy as newbies to accumulate Bitcoin no be the other way round.

You will usually see alot of thread advising people to hold bitcoin rather than trade it, not just here on the local board so if at the end of the day a newbie decides to ignore that many advice and take that one that say that they can do whatever they want with their bitcoin then I'm not about to discourage any of them. Nobody be small pikin for here, we all know what we are doing, if I don tell you NO 100 time and then you decide say na that 1 time way I tell you yes you go follow then e no dey my hand again ooo.
If they trade bitcoin and see that it's not profitable as they initially thought it was then they will start holding, but if somehow they actually get something out of their trading then na their luck too.

[Ndabagi01]

Information being passed here are very important for newbies and they easily take it and work with it most especially when it’s coming from a well known and established forum user. We should always be an ambassador of sharing good news in the forum, not limited to good news only but also to well structured and comprehensive discussion that would help in the course of a newbie to serve as a guidance to what they actually want.

Newbies are easily getting attracted to new developments in their best practice in this forum, so let’s present bitcoin to them as it is and not sugar coat or talk down on Bitcoin when it is not suppose to be so practically. Bitcoin investment and trading needs you to have knowledge of them both, when you lack them, then you risk losing your money.

[Emjay24]

When it comes to securing your financial future, nothing beats investment. There's no two ways about it. Trading practices are not to be totally condemned, but they're not for newbies without grounded knowledge. The best procedure for a newbie remains to consistently and periodically buy and hold Bitcoin. I've met several newbies who are trading and they always complain of losing funds here and there. It's better for a newbie with only basic knowledge to remain committed to buying and holding Bitcoin since it possesses less risks when compared to trading and has a history of appreciation and demands less actions from the investor to sustain it, only but to employee self-custody and security practices that safeguards the coins.

[Donneski]

I understand your concern about protecting newbies and I think it is fair. But saying Bitcoin is “best” only as a long-term hold and that trading is simply a wrong practice is a bit one sided. Trading isn’t the problem, the main problem is lack of knowledge and discipline. Holding without understanding volatility can also wreck a newbie psychologically.

So instead of steering them away from trading entirely, why not emphasize risk management, position sizing and education?

[Tonimez]

On several occasions, I've come across statements like, it's anyone's choice to do whatever they want with Bitcoin including trading with it. We can't deny that fact but let's not also forget that because people choose to follow that path doesn't mean that they're right with what they're doing, moreover Bitcoin is a long-term investment opportunity and it's best to be held for long-term to make more profits than trading with it which is more riskier than holding.

Make we no also forget say many people dey here to learn and new for this crypto stuff, you fit done sabi how to manage the risk wey follow trading with Bitcoin but many newbies here no sabi and them still dey find their way around the crypto space, make we no use our statements push them into wrong practice. Atleast them suppose use better strategy as newbies to accumulate Bitcoin no be the other way round.

The this is that many people both newbies and experienced people always believe that they know what they're doing and even when you try to correct them, they will make you understand that you don't have the right to tell them what to do with their money.  Back in those days,  when an elder advises you, at the end he will tell you, if you like go and do your own ". This doesn't really mean that he doesn't care about whether you Obey or not but because he understands that you still have the right to choose to obey or not.

As a newbie, you should not be too wise to accept suggestions and to listen to advice. You also have the right to do whatever you want with your money but when you get frustrated out of bitcoin, you will then remember that you were advised earlier. You can force a horse to the stream but cannot force it to drink water. Newbie wey need advice for dey ready to listen.

[GiftedMAN]

Make we no also forget say many people dey here to learn and new for this crypto stuff, you fit done sabi how to manage the risk wey follow trading with Bitcoin but many newbies here no sabi and them still dey find their way around the crypto space, make we no use our statements push them into wrong practice. Atleast them suppose use better strategy as newbies to accumulate Bitcoin no be the other way round.

I understand the message we you dey try pass but e get wetin I go like tell you and I believe say e go dey useful to you if you try put am into practice. As a newbie no be everything wey everybody talk here wey you go just rush go do because people dey talk based on their own personal opinion. Try make you dey always make your own research before you do anything wey you dey try to do and if you see wetin person talk wey you go like do before you go into the team take out your time make research to know if na wetin you go fit do to avoid making mistakes they would lead to loss of funds.

I no go encourage any newbie wey never understand trading to go into trading because na gambling the person wam go do because em no go make am even to accumulate Bitcoin I go also advice all the newbies to make research before them invest and make them try get source of income before investing.

[Orpichukwu]

If newbie come ask for honest advise of nah to trade Abi to buy and hold bitcoin my advise and many people advise go be make eh hold am but eh get how the question go carry come the best thing nah to tell the person make eh just do watin eh feel say they best for am as long as eh go give am the desire result, trading no be watin we go send newbie to go do as them go just waste their money inside, but if the newbie say eh sabi trading I also no fit stay against am I go give a go ahead because the money nah in own nah public opinion eh seek no be who go they push am back and front.

[Felicity_Tide]

Let's not encourage newbies towards wrong practices.

I won't call trading a wrong practices just because someone refuses to understand how it works. The same way I won't also call gambling or owing a gun 'wrong practices', just because someone refuses to control him/herself, or someone lacks the discipline to learn how to handle one_{(a gun)}. Trading is just like any other skill, but the risk that it posases can be very high, but it is very dependent on the risk taker. Of course, I agree that long term holding is very beneficial for anyone especially to those that are new, but it still doesn't put trading in the same category because that's something entirely different.

Anyone who for some reason chooses to start with trading, must do the needful, by getting to learn everything that is needed. While anyone who also choose invest, must do it diligently as well.

[icebar]

There are always various suggestions for investing in Bitcoin and holding it. For many newbies who do not know much about Bitcoin yet, I must say that holding Bitcoin for the long term is the safest investment medium. Although Bitcoin sometimes causes big losses due to short-term investment, if you hold it for the long term, the profit is more than the loss. If we who want to invest for the long term get an idea about several cycles of Bitcoin, then they can be more encouraged to invest in Bitcoin. Long-term investment in Bitcoin is profitable for everyone, new and old, experienced and inexperienced.

[rachael9385]

On several occasions, I've come across statements like, it's anyone's choice to do whatever they want with Bitcoin including trading with it. We can't deny that fact but let's not also forget that because people choose to follow that path doesn't mean that they're right with what they're doing, moreover Bitcoin is a long-term investment opportunity and it's best to be held for long-term to make more profits than trading with it which is more riskier than holding.

Make we no also forget say many people dey here to learn and new for this crypto stuff, you fit done sabi how to manage the risk wey follow trading with Bitcoin but many newbies here no sabi and them still dey find their way around the crypto space, make we no use our statements push them into wrong practice. Atleast them suppose use better strategy as newbies to accumulate Bitcoin no be the other way round.

What makes you think only those that hold bitcoin as a long term investment are the ones on the right path? at the end of the day everyone isn't going to have the same interests, some people would prefer to hold bitcoin and some would prefer to trade, You can only say that the risks of trading is higher than that of holding bitcoin but that doesn't mean that long term investment doesn't have it's risks.

[Cryptomultiplier]

On several occasions, I've come across statements like, it's anyone's choice to do whatever they want with Bitcoin including trading with it. We can't deny that fact but let's not also forget that because people choose to follow that path doesn't mean that they're right with what they're doing, moreover Bitcoin is a long-term investment opportunity and it's best to be held for long-term to make more profits than trading with it which is more riskier than holding.

Make we no also forget say many people dey here to learn and new for this crypto stuff, you fit done sabi how to manage the risk wey follow trading with Bitcoin but many newbies here no sabi and them still dey find their way around the crypto space, make we no use our statements push them into wrong practice. Atleast them suppose use better strategy as newbies to accumulate Bitcoin no be the other way round.

What makes you think only those that hold bitcoin as a long term investment are the ones on the right path? at the end of the day everyone isn't going to have the same interests, some people would prefer to hold bitcoin and some would prefer to trade, You can only say that the risks of trading is higher than that of holding bitcoin but that doesn't mean that long term investment doesn't have it's risks.

As long as it concerns crypto currency, or any way you could invest in it, there is risk that abound.
Hence the reason why some of us stress on a potential investor being very conversant with risk management practices. Otherwise, there is no advice between trading or DCAing, that would save you as the investor, if you forget or are ignorant of the basic knowledge and principles of the crypto currency world.

A newbie who asks questions here will obviously have different opinions from both the lowest to the highest rank, it is left for the individual to filter the sense out of the nonsense you read. Do your own research and study yourself to know what suits you best. This is how to be successful at crypto currency investment.

[TokenTikas]

On several occasions, I've come across statements like, it's anyone's choice to do whatever they want with Bitcoin including trading with it. We can't deny that fact but let's not also forget that because people choose to follow that path doesn't mean that they're right with what they're doing, moreover Bitcoin is a long-term investment opportunity and it's best to be held for long-term to make more profits than trading with it which is more riskier than holding.

For a new person, the crypto world feels like a dream and when they enter this space, the things they see and hear around them are often beyond their imagination. However, the points mentioned here are realistic and they are actually what most beginners face nowadays. When a new person wants to learn about bitcoin and trading, one important thing for them is to educate themselves gradually. They try to learn from different places in different ways, and from there they get information at different levels. Based on what they are able to understand and grasp, they then try to move forward step by step.

When advising a new person, it is important to explain both the good side and the bad side openly and clearly. Trading is usually a difficult thing for most of us because many people end up facing losses in trading, while only those who can do proper analysis are able to make profit and even the number of consistent profit makers is very small and rarely seen. A beginner should understand this properly and in many cases investment feels safer than trading, so giving more priority to investment instead of trading is often the wiser decision.

[Solodoski]

I understand your concern about protecting newbies and I think it is fair. But saying Bitcoin is “best” only as a long-term hold and that trading is simply a wrong practice is a bit one sided. Trading isn’t the problem, the main problem is lack of knowledge and discipline. Holding without understanding volatility can also wreck a newbie psychologically.

So instead of steering them away from trading entirely, why not emphasize risk management, position sizing and education?

I support the motion that bitcoin is best for long term alone. All investment is risky, bitcoin is risky but there is a way to be profitable, that no matter what you wont lose. I am referring to long term investing in bitcoin.

A long term investor that follows the rules and guidelines will always come out successful. While a trader with a trader will be there looking for small profits in the short time. Lots of traders in the next 10 years wont be profitable.

[L E G E N D A R Y]

It is not an encouragement, it is the simple truth. Those who have sense will understand that maturity means taking responsibility for any decision and action you make, which is what that statement actually means. Everyone has the right to make their own decisions unless they are slaves, where the master makes the decisions for them. As a free man, you can do whatever you want, you are free to do the right thing or do the wrong thing, at the end of the day, the result and consequences will be yours to bare alone.

Its not only by making your own decision but by also stand up to take responsibility of every action you take due to decision, which is why its important for one to make proper considerations before taking action or before deciding on what to do, as it will help you one to make an informed decision that will be of help and support to them and to the society as well, as it will help them in keeping their emotions in check in terms of decision making.

[Yeesha]

Every person has the right to make their own decisions. We can never see the right over their decisions and we can not stop them from making decisions. However, we can give them the right advice on what they need to do, even if they take the wrong decision, it is their personal decision.

Compared to trading, the risk in long-term investment is much lower and your chances of making a profit are much higher. A person should never do trading, about 95% of people face losses from trading. A person who creates a trading mentality or steps towards trading after the greed of money always faces losses. Always keep the mentality of long-term investment and continue to buy continuously through your discretionary income, it will be good for you.

It takes a person a lot of time to learn trading. During this time, if a person continues to buy continuously through his discretionary income, then he will be able to go a long way towards his portfolio building goal. There is no guarantee that he will be able to make a profit even after learning trading at this time.

Life is not all about being perfect, it is based on the ability to make the right decision. Newbies are always free to make their own choices without being forced, encourage or discourage. No one is bound to be a decision maker in another person's life. The best way to help a newbie is not by either convincing them, encouraging them, or forcing them to make decisions against their wills. The best thing is to inform them, educate them and tell them all the advantages, benefits and every positivity in trading, including the disadvantages, negativity and all the risks involved in it. Then, it will be left for the newbie to decide by himself, and choose that which is suitable for him. Every set up doesn't guarantee success or profits, and by convincing someone to trade, or invest without proper understanding of the major concerns and principles of the market, they might end up losing woefully. So acquiring knowledge and understanding of the market is very crucial.

[Gozie51]

Person wey dey find something no suppose dey listen to another person wey dey discourage am. Joining a new platform, you go see people wey go dey align with you and those who go dey criticize you. So wetin you go do na to dey align with those wey dey encourage you and use the criticism of the opposition to build more bridges by correcting your mistakes (if any) and continue doing what is right. So you don't need to allow whatever you get as response or criticism to pull you down because as a human being you can not be perfect. Cheer up and move on if you are criticized on the forum, it is for your growth.