I know what I am doing (New traders plague)

[StormHawk]

The last thing you want to do as a beginner in this crypto space is to jump into trading straight away.

Trading is not the best way to start your journey as a crypto investor, even this apply to crypto veterans too.

I personally don't believe in TA or any tools, I am done pretending like I know what will happen tomorrow because of some data, this makes me feel like a kid all the time..

My sister who thought that she will always be a trader is how out there looking for a job 8am to 6pm everyday, because she lost almost all the money he had made since 2023 in trading.

Trading is just like gambling.

You are better with holding Bitcoin for long term and go out to get a job or maybe rather develop a skill online.

If you must trade still, do it responsibly.
Always trade with what you can afford to lose.
Fight for your feelings, control your feelings and don't let greed get the best of you.

[Charles-Tim]

I think this would have been better in trading discussion, but be it anywhere, I believe newbies will gain from it. Especially those that are learning future trading which is the riskiest among them all. Followed by margin trading. In short, leverage trading.

Many people will be claiming that they are making money from trading, but the stat for people losing money in trading is saying otherwise. There have been reports that most traders are losing money.

Everyone around me that I know, including those that said they know how to trade and myself did not make money from trading.

[Sticky Bomb]

~

Not only for newbie traders, even some who claim have traded for long still loose terribly, trading is not for the faint of heart, tried it before and quit. Trading isn't bad, but the learning curve you'll go through before becoming a profitable trader isn't any small deal, plus that you would have to be trained from someone who is actually making it from trading and not those who claims to.
Don't just start trading because you watched YouTube videos or saw scam telegram signals and got convinced, like you said, it's more relaxing and even profitable to just buy bitcoin and hold.

Everyone around me that I know, including those that said they know how to trade and myself did not make money from trading.

I have someone I know who is making money from trading, but he doesn't just trade by studying the charts, he spends most of his morning and late nights reading some financial documents and news from the countries he is to trade their currencies. This has made me believe that those who make money from trading do more than just reading charts.

[noorman0]

You should know the fundamental differences between trading and investing based on their decision references:
Trading: Speculations
Investment: Trust

You can't force someone who was interested in trading from the start to turn into an investor. There are many trading instruments out there (stocks, bonds, forex, commodities, derivatives, and crypto), they only end up making their way into crypto trading because the volatility is more challenging.

[Zoomic]

The last thing you want to do as a beginner in this crypto space is to jump into trading straight away.

Trading is not the best way to start your journey as a crypto investor, even this apply to crypto veterans too.

I wish they will hear. But no, crypto is not designed for every newbies to listen to your advice. Trading sounds like the shortest cut to making people millionaires, that is why no one will regard your advice until they learn themselves. I made such a mistake, I traded and later realized that I was doing the wrong thing for myself. Trading actually is not for everyone, especially the psychological aspect of it.

You are better with holding Bitcoin for long term and go out to get a job or maybe rather develop a skill online.

If you must trade still, do it responsibly.
Always trade with what you can afford to lose.
Fight for your feelings, control your feelings and don't let greed get the best of you.

Hodling requires patience, but I can say that trading requires even more patience. But some traders rather see trading as a get rich quick scheme, which is why they neglect risk management and financial management.

[Awaklara]

Trading is just like gambling.

Some traders will feel that way because they feel that the trading techniques and strategies they learned do not always yield profits. We know that some people are suitable and make profits from trading. But some are not suitable, maybe their place is not in trading, but more in holding for the long term. That would be better to try. Trade based on our financial ability. Do not force all the money in savings to be used as trading capital.

[hd49728]

Trading is just like gambling.

Anything is doing without good knowledge and preparation will be gambling even it's investment or trading. Knowledge, skills, experience and discipline will make investment is investment, trading is trading and don't turn them to something like gambling by lack of proper control of risk factors and good management for initial capital.

Awesome cryptocurrency trading.
Learn about cryptocurrency trading.

You are better with holding Bitcoin for long term and go out to get a job or maybe rather develop a skill online.

With investment and holding, it's quite more easily and comfortably to do and practice. People only need to learn fundamentals of Bitcoin in order to understand it well and have strong belief in Bitcoin future as well as strong mentality for their investment practice.

Then there is a Dollar Cost Averaging strategy to help investors doing their accumulation and investment comfortably with time without too much time spent and skills.

[Asuspawer09]

I mean, trading was just something that is not for everyone. The thing is thinking that you are going to earn a huge amount of money even though you are just getting started on trading, but the true is you are going to lose money on trading because while you are just a newbie veteran traders already spend like 10years of experience trading and already know how to increase there chances of winning most likely you are going to get dump or lose to them. For me trading is not bad for starters you just need to know your limitations, if you are just a newbie you could just start small because if you are serious on trading and want to learn it, you need all of the experience that you could get, the key is just to manage your trading finances, if you are not confident your just a newbie then start trading small a amount that is not going to affect your finances.

Also there was a different on what your saying because you are talking about the future trading which is already similar to gambling because you could easily get liquidated on it, I mean it doesnt need to be like that from the start, spot trading is also trading and it's a much safer way of trading buying low and selling it high taking profit, it just going to take some time to make some profit but it is a much guaranteed way, I guess newbies are just really hype on how they see trading started doing a lot of shortcut and immediately jumping into future trading and for sure just going to end up losing a huge amount.

[lizarder]

You are better with holding Bitcoin for long term and go out to get a job or maybe rather develop a skill online.

If you must trade still, do it responsibly.
Always trade with what you can afford to lose.
Fight for your feelings, control your feelings and don't let greed get the best of you.  

This means you're trying to approach investing as a step toward achieving financial freedom as it's true that Bitcoin is much better when invested for the long term. To make this strategy work effectively you need to consider how to earn money from other work, allowing you to develop a consistent buying approach. This is impossible if you can't earn money. Many people work to earn money and the money they earn can be used for investments. They typically take several steps toward a consistent buying approach.

Trading requires knowledge and it's important to understand that not everyone is suited to trading, especially those involved in futures trading as the risk of losing money is much greater without a sound trading knowledge. It's better to focus on investing which is less risky and you can start with a small amount of capital but with a consistent buying pattern such as using DCA.

[Itz-prisigold]

One thing I have noticed about new investors in crypto is how some surprisingly become over confident after having a couple successful trades, however,  I believe that early success can be misleading. Just because you were able to make money from time to time does not necessarily mean you have a clue or understand on how markets work.  Sometimes I feel you just had a good timing or even lucky.

I think that most new investors should spend much more time studying and watching before they begin trading seriously. Markets can change rapidly,  and emotional  reactions such as fear or excitement can quickly cause an investor to make poor investment  decisions.

While it can be fun to watch charts throughout the day,  it may also be draining and not always profitable,  that time may be better spent developing other skills or creating additional sources of income for yourself.

Patience is very important in crypto, a trader does not need to chase every potential opportunity;  sometimes waiting  is actually the best thing to do.

[The Cryptovator]

Trading is just like gambling.

You are better with holding Bitcoin for long term and go out to get a job or maybe rather develop a skill online.

No, trading isn't gambling unless you are doing future trades. Only on future trades may you lose everything, but for spot trading you are buying something, and it won't be lost. Like, you bought one Bitcoin, whatever the price in USD, but still you will have one Bitcoin in your wallet. So this won't be called gambling since you have a chance to raise the price anytime. That's how traders make money.

Trading doesn't mean just buying and earning money. You have to take entry at the right time and sell at a higher price than you bought. Holding is the best policy at the beginning, but you need to learn when you should sell your holding. Unless you have a target, then you can't make money from the holding. I am suffering as well; I haven't sold at the ATH and now regret it.

[Rockstarguy]

You are better with holding Bitcoin for long term and go out to get a job or maybe rather develop a skill online.

If you must trade still, do it responsibly.
Always trade with what you can afford to lose.
Fight for your feelings, control your feelings and don't let greed get the best of you.

The risk in hodling cant be compared to that in trading, so it is much better if beginners consider to hodl because this easier but one needs to understand volatility and to know hodling is a longterm investment.

Trading is tough because of how broad it is, their are more thst needs to be understood but most beginners dont have the patience to go through the learning process in trading. Most people just assume trading is very easy to make profit and they go into without no preparation of learning.

[Alphakilo]

You are better with holding Bitcoin for long term and go out to get a job or maybe rather develop a skill online.

If you must trade still, do it responsibly.
Always trade with what you can afford to lose.
Fight for your feelings, control your feelings and don't let greed get the best of you.

The risk in hodling cant be compared to that in trading, so it is much better if beginners consider to hodl because this easier but one needs to understand volatility and to know hodling is a longterm investment.

Trading is tough because of how broad it is, their are more thst needs to be understood but most beginners dont have the patience to go through the learning process in trading. Most people just assume trading is very easy to make profit and they go into without no preparation of learning.

What makes the difference between trading and gambling is the discipline, the dedication, the emotional control that comes with it, unlike gambling where you only just have to make a guess pick and depend on stats that may not represent the current state of the team in question. Even casino games are the worst to be compared with trading because of the high stakes and higher loss percentage of the games that have less chance of hitting a jackpot than even sportsbetting would.

With all this much talk, if you don't have the stomach for trading, you would know having lost much more than invested and it is then the advice to hold with a possible DCA strategy or lump sum strategy overtime comes in handy as the best option of risk management.

[Stalker22]

Yeah, there is a lot of that going around, especially in the newbie phase of your crypto journey.  But I think that is also what has attracted many to get interested in cryptocurrencies in the first place - the dream of the "quick flip."

Do you think that most people would even care about Bitcoin if the "get rich quick" gambling element was removed entirely?

[Issa56]

The last thing you want to do as a beginner in this crypto space is to jump into trading straight away.

Most beginnings that will jump into trading don’t even have proper knowledge about trading, most of them don’t even know what trading is all about, they are just being deceived by what they see on social media, most of them see videos and posts on social media, and they think trading is so easy just as it is said.

You are better with holding Bitcoin for long term and go out to get a job or maybe rather develop a skill online.

I don’t always discourage anyone that wants to be a trader, the only thing that I do tell them is that always take your time to learn how to trade, don’t be in rush to make money from trading, if you rush to start trading, you might just lose everything which you deposited to trade with, so always take your time to accumulate knowledge.

Also trading won’t stop you from doing other jobs, trading can just be your alternative source of income, as a trader you don’t have to seat on your laptop or be on your phone for a full day just because you are trading, so trading won’t stop you from doing other things.

[Zaguru12]

The risk in hodling cant be compared to that in trading, so it is much better if beginners consider to hodl because this easier but one needs to understand volatility and to know hodling is a longterm investment.

Trading is tough because of how broad it is, their are more thst needs to be understood but most beginners dont have the patience to go through the learning process in trading. Most people just assume trading is very easy to make profit and they go into without no preparation of learning.

The thing is actually what they are meant to believe which is that trading is a get rich quick scheme, an ideology or narrative that has been sprayed by all the so called influencers in the name of actually luring some of them into buying their trading courses, that’s why most them have this mentality of jumping into trading instead of investing or holding,

Yes Holding actually is much much safer or less risk than any form of trading but let’s be honest or clear it depends on the coin you’re holding. Personally for me if you’re holding a coin aside bitcoin seriously you’re gambling in my opinion just like someone trading, one could argue that not all Altcoins are the same yes I won’t deny that but for stern clarity for newbies I will classify it as same for them

[Oluwa-btc]

If you must trade still, do it responsibly.
Always trade with what you can afford to lose.
Fight for your feelings, control your feelings and don't let greed get the best of you.

This is so hilarious honestly seeing the headline "I know what I'm doing" this has always been the usual talk of most traders even at the detriment of having loses constantly and you try to give them a hint that they are going beyond what they ought to. I believe this message meets them well but then some would still fall victims regardless trading is more like a test, you get tested for your knowledge, your time and patience and strategies.

[Ziskinberg]

There is no easy money in trading, and even if you're currently in profits, there is no guarantee that your next trading positions will remain positive as it is. So do not believe that trading will provide us a good and sustainable flow of income, that thought is highly risky.

Instead, have your own job and make trading as your side hustle. If you profit, then good, but if you're losing, no worries as long as you are trading with your spare money.

However, trading may turn like gambling if you don't have proven skills and strategies in trading, but you are still trading believing that luck and chances will make you profitable at the end of the day.

[knowngunman]

My sister who thought that she will always be a trader is how out there looking for a job 8am to 6pm everyday, because she lost almost all the money he had made since 2023 in trading.

As sad as story like this sounds, I do not longer pity people like this again. If someone jumps into trading today and lost everything at once, it's a different thing but when someone has been trading for a long time and still continues trading despite their serial loss until they lose it all, then they deserve no pity because they chose the path. You don't need a counselling before you quit after few experiences. If you continue, it means you already accept your faith even before they happen.

Trading is just like gambling.

It's advanced gambling that requires skills and strategies but you can never master this skills and strategies. You're literally left with luck.

If you must trade still, do it responsibly.
Always trade with what you can afford to lose.
Fight for your feelings, control your feelings and don't let greed get the best of you.

The greatest challenge of trading is not losing money but emotional control. If you can control this, you can definitely minimise your loss.

[iBaba]

Trading is just like gambling.

Some traders will feel that way because they feel that the trading techniques and strategies they learned do not always yield profits. We know that some people are suitable and make profits from trading. But some are not suitable, maybe their place is not in trading, but more in holding for the long term. That would be better to try. Trade based on our financial ability. Do not force all the money in savings to be used as trading capital.

Lack of proper knowledge and understanding of how the trading system works is what leads to people seeing trading from the angle of gambling. Trading and gambling are definitely two different things entirely. When you are trading, you are dealing with speculations in the market and targeting the most effective way to leverage on them for your profits.

In trading, you will have to learn the art of capitalizing on the market being it the short term or long term trends, you will learn the most effective way to enter a trade with your capital and leave a trade with your profits. This is purely achieved through knowledge and understanding about the market while gambling is an entirely different thing, completely based on luck and predictions. When gambling you do not even have a single control on the outcome of your gambling game and only reliant on the results gotten from the prediction based on the luck.