Buy Buy Buy or Sell Sell Sell?

[Stable090]

Bitcoin trading is very risky but if any newbie wants to try it out, do it with a very small amount of money so you can really see for yourself why I'm saying is very risky

Trading generally is risky, and you don’t have to say bitcoin trading is risky, is it only bitcoin trading that’s risky? people that do trade altcoins, the risk which they are taking not more than that of people trading bitcoin. Don’t be surprise that some newbies might see your post, and they will think it’s only bitcoin trading that’s risky.

Generally trading is risky, but that doesn’t mean even newbies can’t trade, they just have to start gradually, they should make sure they understand what trading is really all about, they should keep on reading about trading, and practicing, with time they will get to understand trading, and as a beginner, always start with little amount of money, because their is high chances of losing the money when learning. But we should know it’s what everyone can do, we don’t have to put fear in people.

[red4slash]

In fact, until now there are still many people who seem to have a slightly narrower mindset where they only want to be in bitcoin with the hope of instant wealth that they can get which in the end actually destroys their own expectations.
In addition, for now, sometimes there are also quite a few people who consider themselves investors but the actions they take actually lead to traders because their understanding is not very good so that they always overlap and equate traders and investors as the same even though it is clear that we must be able to separate it because even though the scope is the same, traders are not investors and vice versa.

Many people are now mistaken in considering themselves investors but they sometimes do not reflect an investor because they only expect profit and sell their bitcoins even though the profit is only a few percent of the amount they bought and then proudly say that they are successful investors because of that.

Yes you have stated the fact and that is just the mindset of many investors, they sometimes do what traders does but the reason why they try to exonerate themselves from traders is that they have a shallow understanding that if they can HODL for like a year before they sell that it won't be considered as trading but they forgot to know that the only way they can be fulfilled while investing in bitcoin is to hold for long at least for a whole cycle of 4 years and above, although 4 years investment can only be considered as a fairly long term investment otherwise a long term investment is supposed to take at least 2 cycles of 8 years and above.

Actually in this case I think in the end it lies in a wrong understanding where sometimes when someone who wants to become an investor has too many assumptions that in the end they are confused about how to become a good investor because they are always tempted by momentary gains which in the end they assume that selling bitcoin at a high price and buying it back after a correction in the near future will be considered an investor but in fact this is clearly different but because of the previous wrong view where profits (even if only a few percent increase in value) then they will still consider themselves investors which in fact this understanding is more In fact, this is clearly different but because of the previous wrong view where profits (even if only a few percent increase in value) then they will still consider themselves investors even though this understanding is more like a trader but they don't really mix the understanding between investors and traders which ultimately confuses themselves.

It is important to understand the real concept of investing in bitcoin and not just invest because others are investing or do what others does. investing in bitcoin requires removing trading mentality all in the name of investment because if they remove that trading mentality, they will encounter the beauty of investing than trading because most of those that will chose trading might fall out along the line due to losses and mismanagement of funds while someone who is investing have his assets intact in his custody while waiting for the appropriate time to take profits after acquiring satisfactory amount in his portfolio.

Therefore, before we start to do research on what we will invest in, we must actually understand how the concept of investment works so that in the end our understanding is not wrong. This is the basis before we start to invest and when looking for aspects to invest in such as bitcoin or other things (I will not discuss because the focus is still on bitcoin) then we just learn how bitcoin is. But sometimes today many people are misguided where they do not have any basis about investing or bitcoin but want to be in it just because of fomo and are tempted by instant profits which in the end even though the intention is to be in bitcoin right but when the initial path is wrong they become lost on their own thoughts and expectations.

[Barikui1]

This situation is very common because in a volatile market like Bitcoin, price fluctuations often occur. The market situation we are in is very volatile at the moment. The Bitcoin graph shows that today, March 25, the price of Bitcoin was $88k at the beginning of the day, but it decreased to $87k at the end of the day. Such fluctuations in price will continue, but it is very important to maintain patience and a long-term perspective while investing. If someone is interested in short-term investments instead of long-term investments, then they can carefully observe the market fluctuations and then make decisions.

patience is one of the key elements in investing

Yeah you are right patience is of the key things an investor needs to have in other to succeed, one thing about this patience is that it is inside of you and if is not there you will struggle to hold onto your Bitcoin for long term some set of people who are regretting deeply now for selling off there bitcoin in the past lack patience and one of the things that will help you develop this patience in Bitcoin investment is going through the history of Bitcoin investment and imagining investing in Bitcoin when it was just $1k and also imagine yourself selling when it got to $2k and also imagining holding on from that $1k till date, this will help you realize that truly patients is virtue, is possible for Bitcoin to reach $200k, $500k and even a million dollar, all you need to do in other to experience this is being patient, one other thing that will help you have patience is by using only discretionary income to invest, if you use money that you are suppose to use for food or other basic things you will dip hands into your Bitcoin because you can't be patient while hungry or in need of shelter and other basic things.

Haven't you done something before that is out of your own will, but you are powerless about it?
That is how patience is when you have no source of income and an emergency funds as a Bitcoin investor.

In as much as patience is a key virtue in Bitcoin investment, do not forget that patience alone is not enough because at the end of the day, if you don't have a source of income and an emergency funds to protect your investment from you dipping hands into it in the future, it's just a matter of time before you temper with your holdings because patience alone can't pay up a serious financial needs that may arise in the future.
So in essence of what am trying to say is that, it's very true that patience is greatly needed when investing in Bitcoin, but in other to be able to hold for a very long period of time, you need to have a source of income and an emergency funds that will make you not to temper with your holdings if their is a serious emergency situation in the future.

[Agbamoni]

Bitcoin trading is very risky but if any newbie wants to try it out, do it with a very small amount of money so you can really see for yourself why I'm saying is very risky

Trading generally is risky, and you don’t have to say bitcoin trading is risky, is it only bitcoin trading that’s risky? people that do trade altcoins, the risk which they are taking not more than that of people trading bitcoin. Don’t be surprise that some newbies might see your post, and they will think it’s only bitcoin trading that’s risky.

Generally trading is risky, but that doesn’t mean even newbies can’t trade, they just have to start gradually, they should make sure they understand what trading is really all about, they should keep on reading about trading, and practicing, with time they will get to understand trading, and as a beginner, always start with little amount of money, because their is high chances of losing the money when learning. But we should know it’s what everyone can do, we don’t have to put fear in people.

As a newbie the very first day you decide to start trading Bitcoin that is the day you made a big financial mistake. I cannot support any discussion that has to trading because I believe trading should be avoided by all cost in my own opinion. New Bitcoiners are being deceived online when they see flashy lifestyle of influencers and content makers who claim they make billions in trading Bitcoin. Most of those things they see there are fake lifestyles. Yet they choose to start trading an asset which they should have just invest in for long term.

However, everyone has their choice to make when it comes to being a bitcoiner. Someday we will reap the consequences of our actions whether it yields something good or not. I will always spill the truth and that is instead of a newbie to take all the years of learning how to trade Bitcoin why not they start their investment journey for that number of years and see how much they have accumulated in their wallet.

[letteredhub]

Bitcoin trading is very risky but if any newbie wants to try it out, do it with a very small amount of money so you can really see for yourself why I'm saying is very risky

Trading generally is risky, and you don’t have to say bitcoin trading is risky, is it only bitcoin trading that’s risky? people that do trade altcoins, the risk which they are taking not more than that of people trading bitcoin. Don’t be surprise that some newbies might see your post, and they will think it’s only bitcoin trading that’s risky.

A lot of newbies has wasted money they could have used in stacking bitcoin gradually into trading. As a newbie why trading when you can easily build your bitcoin investment with those funds you want to risk away on trading and be rest assured of  deriving profit after a few years of hodling. With the DCA investment approach it makes it simple to build your own portfolio without pressure or stress and most importantly you get to buy at dip price opportunities which would mean more profit for you when bitcoin price surge during the bull's season. 

[JayJuanGee]

[edited out]

just like you said we are still in the accumulating phase , and that what we should focus on not the market conditions but rather bitcoin accumulation

I am not necessarily considering that everyone is in their accumulation phase, yet it does tend to take a long time to get through such accumulation stage, and we cannot even judge exactly for someone else in terms of where their accumulation stage might transition into more of a maintenance stage or even to get into some kind of a sustainable withdrawal stage.

Even if a guy might transition to a point that he is less aggressively accumulating bitcoin, during a transitionary stage he still  might have irregularities in his bitcoin sales, since he might have income from other sources, yet if he comes to a judgement that he is going to quit most if not all of his work and therefore cause some of his income sources to dry up, he still might have some other income sources besides his bitcoin, yet his bitcoin might become a substitute for his given up income source.. so then he may have priorities to spend from his various non-bitcoin income sources prior to spending from his bitcoin.

It seems that I have given some examples previously in which a guy might spend 4 years aggressively accumulating bitcoin at a rate of 25% of his income, and so then his having had put a whole year's salary into bitcoin may well put him into a place in which his bitcoin value is going up quite a lot, whether we evaluate the value at the 200-WMA valuation or at the spot price, yet he might start to feel quite a bit of empowerment from the amount of value that he put into his bitcoin, so that his choice to really push his level of aggressiveness up to 25% rather than 10% or below, might have had helped him to shave many years off of his time needed to accumulate bitcoin as compared to his peers who might have had chosen to accumulate bitcoin at 5% to 10% of their income or lower.

We know that even the aggressive person can end up making mistakes in regards to investing into bitcoin beyond his means, yet if we assume that there might be some guys who are able to pull off something like investing 25% of income into bitcoin for 4 years or longer, they may well end up showing that their level of aggressiveness had ended up separating them from the pack in terms of the options that they ended up having later down the road for their level of aggressiveness, as compared to the ones who had been way less aggressive.

One of the greatest progress I have made in my Bitcoin accumulation is using the DCA method which have solved the problem of me constantly monitoring the market price hoping that it rise after I might have exhibited FOMO. The DCA method helped me to relax and only visit the chart around the period I want to buy and hold and with this method, my mind was never on selling but buying more. Using the DCA method is highly recommended because the advantages are just numerous.

We might not always realize the benefits of DCA and our continuing to think about buying bitcoin until we have put it into practice for a decently long period of time, perhaps 6 months to 18 months or more.. and we might not even realize the mistakes  of our own prior ways of thinking until we really learn to focus on ongoing buying.. and maybe we have a budget to buy for every week, yet we might have a budget that is a bit less consistent, yet we still might be thinking about employing our next buy and how good that next buy makes us feel no matter what is the bitcoin price. 

Sure, there are some guys who set their DCA buys automatically, and I have no problem with automatic BTC buys, even though there can be some pleasures in manually setting them, too.. whether every week or whatever other period that the buys are carried out.  I also do not necessarily believe in market buys, so, there can be the setting of limited buys that might be 1% below the current price or maybe at some other amount that is comfortable depending on what the BTC price seems to be doing.. but surely making sure that the buy price is one that is going to be executed within a reasonable period of time. 

For example, I might set my BTC buy at a price that is around 1% below the current price, and I might even give myself a deadline of 2 days for the buy order to fill, and if it does not fill in 2 days, then maybe I will reset it at another price or I will manually make the buy at market price.  Then I go to my Excel spreadsheet  and I  enter in the data to concretize the amount of BTC that I bought within my accounting by putting the amount of BTC that I bought and how much I paid for it.. and I can go back and look at my past projections and see how the reality actually matches up or even how the projections might differ from what actually ended up taking place in regards to how much BTC I had accumulated and how much I paid for them.  There can be fun in going through these kinds of accountings and projections.

..... imagining holding on from that $1k till date, this will help you realize that truly patients is virtue, is possible for Bitcoin to reach $200k, $500k and even a million dollar, all you need to do in other to experience this is being patient, one other thing that will help you have patience is by using only discretionary income to invest, if you use money that you are suppose to use for food or other basic things you will dip hands into your Bitcoin because you can't be patient while hungry or in need of shelter and other basic things.

Well if you ended up getting bitcoin at $1k, you might have spent 4 years accumulating bitcoin between 2013 and 2017 and even that you had bought bitcoin at a variety of prices between $200 and $2k, and you end up having an average cost per BTC that is around $1k but you spent a lot of time focused on buying bitcoin.

So maybe at some point you might determine that you had accumulated enough BTC or more than enough BTC, then you might transition into some kind of other stage that might be largely maintaining your BTC stash rather than trying to grow it, yet surely one of the good things about getting an average cost per BTC around $1k is that at some point it starts to become less and less likely that you are going to be in the negative in regards to the BTC price, and it becomes less and less likely that the BTC price is going to return to anything close to $1k...

Sure, you might not be sure about the BTC price, since if the BTC price shot up to $19k and then it came back down into the $3ks, there might have had been some periods of uncertainty, even though with more and more passage of time, there can additional levels of confidence and comfort that the BTC price is not going back down to your cost levels, especially if you had spent enough time accumulating bitcoin and having a feeling that you have accumulated enough bitcoin or even more than enough bitcoin.

Of course, not everyone is going to be able to get to a point of completely having enough BTC within a four year timeframe, and they may well have to accumulate for longer than 4 years before they reach of a stage of having enough BTC or more than enough BTC, and so surely if they continue to accumulate bitcoin, there costs per BTC are likely going to continue to go up, yet still there may well be way more importance to continue to accumulate the BTC, especially if you are not sure if you have enough or not.. .and so surely at some point you may well be able to have the fortune of assessing that you have enough BTC or more than enough BTC for your own purposes.

If you have reached enough BTC or more than enough BTC with a cost of $1k, then you might not need BTC prices to go to $200k or $500k, and you still might be sufficiently fine with BTC prices $20k to $50k or even $100k, and so the fact that the BTC prices are likely going to continue to go up to $200k or $500k and beyond are just added bonus points that may not necessarily cause you to wish for them to happen or not, since perhaps you have already assessed that you have enough BTC or more than enough BTC, and so the higher prices are merely icing on the cake.

Of course anyone coming to bitcoin in recent times may well be considering that his cost per BTC are likely to be $100k or way more than $100k per BTC, so there may be a bit of futility to be considering guys who have way lower costs per BTC and who likely in a different place in regards to their ability to start spending their bitcoin...or even to just be regularly spending their bitcoin.. and sure, there may be some attention to the price, but the price might not be centrally motivating, and surely these guys who are spending may well spend from their various dollar sources prior to spending from their BTC, so they may well not even be needing to spend very much of their BTC, yet they still might not be accumulating bitcoin at this point, either.

[ingiltere]

A lot of newbies has wasted money they could have used in stacking bitcoin gradually into trading. As a newbie why trading when you can easily build your bitcoin investment with those funds you want to risk away on trading and be rest assured of  deriving profit after a few years of hodling. With the DCA investment approach it makes it simple to build your own portfolio without pressure or stress and most importantly you get to buy at dip price opportunities which would mean more profit for you when bitcoin price surge during the bull's season.

The most important reason for this is the ambition to make money quickly. People start investing now and don't think about how much they will have in 10 years. They are trying to reach their 10 years from now already. And most of the time they fail. The most important rule of investing should always be not to lose the capital at hand first. There are many people who reduce their capital by trading. They make one wrong decision after another and lose their capital. However, if they had bought coins regularly and waited, they would have made more money than trading. There is no guarantee in trading, you make the right move 3 times, then in 1 wrong move, you lose all the gains back and even make a loss in total. It takes time to learn this. Those who read about it somewhere and learn it don't have the same experience until they experience it themselves. This is the main reason why newbies can't make money.

[ChocolateBitcoinK]

A lot of newbies has wasted money they could have used in stacking bitcoin gradually into trading. As a newbie why trading when you can easily build your bitcoin investment with those funds you want to risk away on trading and be rest assured of  deriving profit after a few years of hodling. With the DCA investment approach it makes it simple to build your own portfolio without pressure or stress and most importantly you get to buy at dip price opportunities which would mean more profit for you when bitcoin price surge during the bull's season.

The most important reason for this is the ambition to make money quickly. People start investing now and don't think about how much they will have in 10 years. They are trying to reach their 10 years from now already. And most of the time they fail. The most important rule of investing should always be not to lose the capital at hand first. There are many people who reduce their capital by trading. They make one wrong decision after another and lose their capital. However, if they had bought coins regularly and waited, they would have made more money than trading. There is no guarantee in trading, you make the right move 3 times, then in 1 wrong move, you lose all the gains back and even make a loss in total. It takes time to learn this. Those who read about it somewhere and learn it don't have the same experience until they experience it themselves. This is the main reason why newbies can't make money.

I agree with you, the biggest mistake of a newbie is that he cannot control his greed, and acts according to the wrong decisions taken due to greed. To make an investment successful, one must adopt the right strategy, but nowadays, newbies want quick success, and because of this haste, they can never reach their desired goals. They cannot be satisfied with anything and become greedy and take high risks, which definitely exposes them to more losses.

The main thing is that they have less patience, they cannot wait for a long time, they always want to get money quickly and in cash, but those who have this kind of mentality can never achieve anything good, to be successful, one must be patient and wait for a long time, because there is no shortcut to success. But those who cannot understand this and make emotional decisions will only face failure at every stage.

And especially in the case of Bitcoin investment, they must first learn about risk management and gain a complete understanding of long-term investment. If they try to make quick money by investing in Bitcoin, it will definitely cause them losses. So they should first learn about Bitcoin, and plan a holding period of 4 to 10 years. I think a person who understands the real potential of long-term Bitcoin holding, he will never panic about short-term fluctuations.

[JayJuanGee]

A lot of newbies has wasted money they could have used in stacking bitcoin gradually into trading. As a newbie why trading when you can easily build your bitcoin investment with those funds you want to risk away on trading and be rest assured of  deriving profit after a few years of hodling. With the DCA investment approach it makes it simple to build your own portfolio without pressure or stress and most importantly you get to buy at dip price opportunities which would mean more profit for you when bitcoin price surge during the bull's season.

The most important reason for this is the ambition to make money quickly. People start investing now and don't think about how much they will have in 10 years. They are trying to reach their 10 years from now already. And most of the time they fail. The most important rule of investing should always be not to lose the capital at hand first. There are many people who reduce their capital by trading. They make one wrong decision after another and lose their capital. However, if they had bought coins regularly and waited, they would have made more money than trading. There is no guarantee in trading, you make the right move 3 times, then in 1 wrong move, you lose all the gains back and even make a loss in total. It takes time to learn this. Those who read about it somewhere and learn it don't have the same experience until they experience it themselves. This is the main reason why newbies can't make money.

The trader could make 9 right moves and then 1 wrong move..  and then fuck up all of his gains.

There have been many instances of traders selling way too many bitcoin too soon and even other examples betting all of the farm (capital) on the BTC price not going below a certain point, and then it happens... so there may or may not be the use of leverage, but if leverage is involved, then the capital can surely end up being lost faster.

[edited out]

I agree with you, the biggest mistake of a newbie is that he cannot control his greed, and acts according to the wrong decisions taken due to greed.

You do not need to be a newbie to make big mistakes, especially for traders.

[Tamaperdana]

This situation is very common because in a volatile market like Bitcoin, price fluctuations often occur. The market situation we are in is very volatile at the moment. The Bitcoin graph shows that today, March 25, the price of Bitcoin was $88k at the beginning of the day, but it decreased to $87k at the end of the day. Such fluctuations in price will continue, but it is very important to maintain patience and a long-term perspective while investing. If someone is interested in short-term investments instead of long-term investments, then they can carefully observe the market fluctuations and then make decisions.

I think rather than investing in the short term, it is better to invest in the long term. Because in my opinion investing in the short term, cannot be called an investment, but it would be more appropriate to say it is just trading. So in my personal opinion the price fluctuations that occur in bitcoin right now will not be an obstacle for long-term investors. Because long-term investors will not care about the current price of bitcoin that they buy. So that is the specialty of long-term investors compared to short-term investors or traders. And in my opinion short-term investment is as risky as trading, so in my opinion it is better to avoid it. because in any case things that are fast, especially in terms of seeking profit, usually always end badly. So in my opinion at whatever the current bitcoin price is, we just have to keep accumulating with the DCA strategy. And I am very sure that by doing this, it will most likely produce satisfactory results in the next 10 years.

[Tungbulu]

A lot of newbies has wasted money they could have used in stacking bitcoin gradually into trading. As a newbie why trading when you can easily build your bitcoin investment with those funds you want to risk away on trading and be rest assured of  deriving profit after a few years of hodling. With the DCA investment approach it makes it simple to build your own portfolio without pressure or stress and most importantly you get to buy at dip price opportunities which would mean more profit for you when bitcoin price surge during the bull's season.

The most important reason for this is the ambition to make money quickly. People start investing now and don't think about how much they will have in 10 years. They are trying to reach their 10 years from now already. And most of the time they fail. The most important rule of investing should always be not to lose the capital at hand first. There are many people who reduce their capital by trading. They make one wrong decision after another and lose their capital. However, if they had bought coins regularly and waited, they would have made more money than trading. There is no guarantee in trading, you make the right move 3 times, then in 1 wrong move, you lose all the gains back and even make a loss in total. It takes time to learn this. Those who read about it somewhere and learn it don't have the same experience until they experience it themselves. This is the main reason why newbies can't make money.

The trader could make 9 right moves and then 1 wrong move..  and then fuck up all of his gains.

There have been many instances of traders selling way too many bitcoin too soon and even other examples betting all of the farm (capital) on the BTC price not going below a certain point, and then it happens... so there may or may not be the use of leverage, but if leverage is involved, then the capital can surely end up being lost faster.

Trading can indeed be quite a wild rollercoaster ride and there’s no guarantees of profitability and gains, even for those who are considered as professional or best traders. One minute, everything might seem to be moving just fine and you’re making some crazy ass profits but in this midst of all these, it requires just one single bad trade to ruin a good trader and mess everything up.
And yeah, one mistake that traders also make, all in the name of taking risks is betting/staking the whole farm on one single trade and this mostly turns out to have a disastrous outcome as there’s every chances of being completely wiped out. Countless times, I’ve seen it happen to a lot people who consider themselves to be pro traders and it’s indeed very disheartening. There are times that the market may carry lots of excitement and it’s pretty easy to get caught up in the whole thing and they wouldn’t even know when their emotions would jump in and take over them. And before you know what’s going, they’re already selling at the bottom or even getting liquidated on a margin call.

Trading alone carries lots of risks on its own and Leverage can also amplify the risks involved. For those traders who are actually trading with money which they borrowed, it becomes a lot more easier to secure unexpected losses with just a small move against you. It’s just like playing with fire, it may indeed look pretty exciting, but a single mistake can turn all the excitement into something disastrous and fatal and all the excitement is gone in a matter of seconds.

That’s exactly why it’s important to completely stay away from trading, because the risks I believe are always way bigger than the profits and for those who as well may not be able to completely stay away, it’s important to have a very good risk management system. Using the stop losses may also come in handy by helping in limiting your position size and also diversify your portfolio. Yeah that doesn’t sound really sexy for some traders, but it’s really crucial for Long term survival as a trader.

Another reason to completely stay away from gambling is due to its psychological aspects of trading. While it’s very easy to get caught up in the excitement and emotions of the market, not every trader has the ability to stay calm and make use of their rational judgment. It becomes very easy at this point for fear, hope and greed to set in and these can become a trader’s worst nightmare in trading.

[Renampun]

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As a newbie the very first day you decide to start trading Bitcoin that is the day you made a big financial mistake. I cannot support any discussion that has to trading because I believe trading should be avoided by all cost in my own opinion. New Bitcoiners are being deceived online when they see flashy lifestyle of influencers and content makers who claim they make billions in trading Bitcoin. Most of those things they see there are fake lifestyles. Yet they choose to start trading an asset which they should have just invest in for long term.

However, everyone has their choice to make when it comes to being a bitcoiner. Someday we will reap the consequences of our actions whether it yields something good or not. I will always spill the truth and that is instead of a newbie to take all the years of learning how to trade Bitcoin why not they start their investment journey for that number of years and see how much they have accumulated in their wallet.

Trading is not for everyone, this is a sentence that I will always continue and spread, because out there there are many beginners who feel that they can conquer trading, even though they have no skills at all, if the goal is to accumulate bitcoins, then becoming a holder is very good, especially by implementing the DCA and buy the dip concepts, the bitcoin investment that is carried out will definitely bear sweet fruit.

Trading without skills and capital will only end in losses, the influencers out there will not care about the losses you suffer, they only live for content and make money with content.

[ZeroVinsonN]

The trader could make 9 right moves and then 1 wrong move..  and then fuck up all of his gains.

There have been many instances of traders selling way too many bitcoin too soon and even other examples betting all of the farm (capital) on the BTC price not going below a certain point, and then it happens... so there may or may not be the use of leverage, but if leverage is involved, then the capital can surely end up being lost faster.

This has happened to traders so many times that they should have already learned that trading bitcoin is not a good idea, its actually one of their biggest mistakes, but still a lot of them are yet to learn, they keep doing the same thing and expecting different results, sometimes you see them trying to predict and control Bitcoin's price changes and almost everytime they fail, a business where I lose every 8 of 10 trials is not a business at all.

[edited out]

I agree with you, the biggest mistake of a newbie is that he cannot control his greed, and acts according to the wrong decisions taken due to greed.

Even veteran have been known to mistakes in this kind of things, most of the newbies who makes these mistakes are sometimes adviced by the wrong person usually a veteran trader, and the feeling of experience they get from this veteran misleads them and pushes them to make the wrong decision.

You do not need to be a newbie to make big mistakes, especially for traders.

I think that Veteran traders believe that if they stop trading with bitcoin now, then all of their previous losses would have been a waste, this false ideology makes them more akin to gamblers and they keep on making this mistakes hoping for a miracle to happen, for a big payoff to cover all of their losses, this false ideology is what they keeps them from stopping to trade bitcoin.

[Humblevirus]

...

...

As a newbie the very first day you decide to start trading Bitcoin that is the day you made a big financial mistake. I cannot support any discussion that has to trading because I believe trading should be avoided by all cost in my own opinion. New Bitcoiners are being deceived online when they see flashy lifestyle of influencers and content makers who claim they make billions in trading Bitcoin. Most of those things they see there are fake lifestyles. Yet they choose to start trading an asset which they should have just invest in for long term.

However, everyone has their choice to make when it comes to being a bitcoiner. Someday we will reap the consequences of our actions whether it yields something good or not. I will always spill the truth and that is instead of a newbie to take all the years of learning how to trade Bitcoin why not they start their investment journey for that number of years and see how much they have accumulated in their wallet.

Trading is not for everyone, this is a sentence that I will always continue and spread, because out there there are many beginners who feel that they can conquer trading, even though they have no skills at all, if the goal is to accumulate bitcoins, then becoming a holder is very good, especially by implementing the DCA and buy the dip concepts, the bitcoin investment that is carried out will definitely bear sweet fruit.

Trading without skills and capital will only end in losses, the influencers out there will not care about the losses you suffer, they only live for content and make money with content.

If people can get the fact that trading is highly risky, I believe it will help many people who are always planning to make quick money from Bitcoin, especially newbies. A lot of people have lost their money in trading. In fact, some have even gone to the extent of selling their properties to trade with the aim and belief that brighter days are ahead, where they will be making a lot from trading. But if you ask them, they have nothing to show for it; they have lost everything in trading.

The best way for anyone to make reasonable gains from Bitcoin is through investment. Just be ready to hold Bitcoin for a long period, and there are high possibilities that someone will earn good profit from Bitcoin investment.

Seriously, many traders that we often see online, showing their wealth and claiming they are making it through trading, are almost 99% reliant on other sources of income. They are just using trading to cover up some of their illegal sources of income. We need to be very careful online because where some are claiming they are getting their money is a lie. It is not easy to make money easily in life.

[Derekfunds]

A lot of newbies has wasted money they could have used in stacking bitcoin gradually into trading. As a newbie why trading when you can easily build your bitcoin investment with those funds you want to risk away on trading and be rest assured of  deriving profit after a few years of hodling. With the DCA investment approach it makes it simple to build your own portfolio without pressure or stress and most importantly you get to buy at dip price opportunities which would mean more profit for you when bitcoin price surge during the bull's season.

The most important reason for this is the ambition to make money quickly. People start investing now and don't think about how much they will have in 10 years. They are trying to reach their 10 years from now already. And most of the time they fail. The most important rule of investing should always be not to lose the capital at hand first. There are many people who reduce their capital by trading. They make one wrong decision after another and lose their capital. However, if they had bought coins regularly and waited, they would have made more money than trading. There is no guarantee in trading, you make the right move 3 times, then in 1 wrong move, you lose all the gains back and even make a loss in total. It takes time to learn this. Those who read about it somewhere and learn it don't have the same experience until they experience it themselves. This is the main reason why newbies can't make money.

The trader could make 9 right moves and then 1 wrong move..  and then fuck up all of his gains.

There have been many instances of traders selling way too many bitcoin too soon and even other examples betting all of the farm (capital) on the BTC price not going below a certain point, and then it happens... so there may or may not be the use of leverage, but if leverage is involved, then the capital can surely end up being lost faster.

[edited out]

I agree with you, the biggest mistake of a newbie is that he cannot control his greed, and acts according to the wrong decisions taken due to greed.

You do not need to be a newbie to make big mistakes, especially for traders.

You are right sir JJG, I see trading personally as a financial mistake and so whether newbie or not they are all making financial mistake because the chance or possibility that they will use there money to generate another which is called gain or profit is zero, so doesn't this show that trading is very risky but because they have set up there minds to turn millionaires and billionaires within a day or an hour which I see as hallucination. However, your first illustration is very small, a trader can make 19 right move but 1 wrong move can spoil everything depending on how greed the trader is because some trader the more profit they make the more they will increasing there trading amount.

[SOKO-DEKE]

Generally trading is risky, but that doesn’t mean even newbies can’t trade, they just have to start gradually, they should make sure they understand what trading is really all about, they should keep on reading about trading, and practicing, with time they will get to understand trading, and as a beginner, always start with little amount of money, because their is high chances of losing the money when learning. But we should know it’s what everyone can do, we don’t have to put fear in people.

The truth is that trading is not the way forward to make money from crypto. Whether someone is a newbie or they have been in crypto for a long time, I would still say they should avoid trading because it is easy to lose money in trading.If I were to advise anyone, I would say they should only invest in Bitcoin, as that is the best way forward in the crypto industry. Any coin that is not Bitcoin is not something I would advise anyone to invest in, based on my understanding.

For any newbie, I strongly recommend fully avoiding trading. It will not take you anywhere but will only bring tears. I am speaking from experience. I have tried trading before, and every time I think of it, I get mad at myself because those were the days I lost money that wasn’t even mine. Trading can lead to wrong decisions made in haste, just because someone wants to make quick money or recover funds after a loss but Once I started investing in Bitcoin, I became more comfortable because I was no longer involved in high risk again.

[ZeroVinsonN]

Bitcoin trading is very risky but if any newbie wants to try it out, do it with a very small amount of money so you can really see for yourself why I'm saying is very risky

Trading generally is risky, and you don’t have to say bitcoin trading is risky, is it only bitcoin trading that’s risky? people that do trade altcoins, the risk which they are taking not more than that of people trading bitcoin. Don’t be surprise that some newbies might see your post, and they will think it’s only bitcoin trading that’s risky.

Generally trading is risky, but that doesn’t mean even newbies can’t trade, they just have to start gradually, they should make sure they understand what trading is really all about, they should keep on reading about trading, and practicing, with time they will get to understand trading, and as a beginner, always start with little amount of money, because their is high chances of losing the money when learning. But we should know it’s what everyone can do, we don’t have to put fear in people.

Trading with bitcoin is a very big mistake for anybody, not just newbies, it shows lack of patience, but beyond that, it also shows complete lack of understanding of how bitcoin works, its not a get-rich quick scheme, it's also not some kind of a magic trick where you wave a wand and the price jumps up on your order, it takes time and should never be used as a source of getting quick cash, this has made many people bankrupt and is still doing so to people who are refusing to understand that bitcoin market it for investing not trading, if a person is deciding to trade with shitcoins, that is their business as is the losses the will accumulate in the process, but never go into bitcoin with the intention of trading.

[Creeper0]

Trading with bitcoin is a very big mistake for anybody, not just newbies, it shows lack of patience, but beyond that, it also shows complete lack of understanding of how bitcoin works, its not a get-rich quick scheme, it's also not some kind of a magic trick where you wave a wand and the price jumps up on your order, it takes time and should never be used as a source of getting quick cash, this has made many people bankrupt and is still doing so to people who are refusing to understand that bitcoin market it for investing not trading, if a person is deciding to trade with shitcoins, that is their business as is the losses the will accumulate in the process, but never go into bitcoin with the intention of trading.

Although this is not a thread to talk about trading, I would like to break some misconceptions about trading in the context of your words. Of course, trading is very risky and a new Bitcoiner should not enter the trade. However, in your statement, you are also referring to the problem trader who is experienced in Bitcoin and also experienced in trading. I would like to leave trading to the choice of a person, especially if he is experienced in this matter. A trader never chooses the profession of trading to get rich quickly if he is skilled. Because he knows that there is a possibility of losing from trading and there is a possibility of profit. You have to take profit from trading by combining profit and loss. It is better for a newbie to view trading negatively and I do not think it is appropriate to advise someone to enter the trade against their will. If someone expresses interest, the first thing a consultant should do is to inform him about the risks.

[Zaguru12]

The trader could make 9 right moves and then 1 wrong move..  and then fuck up all of his gains.

There have been many instances of traders selling way too many bitcoin too soon and even other examples betting all of the farm (capital) on the BTC price not going below a certain point, and then it happens... so there may or may not be the use of leverage, but if leverage is involved, then the capital can surely end up being lost faster.

Take from someone who has experience this in early years, you can be having a whole week winning streak or even extend it to a month and without proper risk management you get liquidated. This most of the time happens when a user believe too much in his analysis probably because he got them right in various occasions and when such set up comes up again they simply just go all in with high leverage and in minutes they loss everything.
In trading I always tell people that the successful ones are not those who have I win percentage but those with proper risk management. As for newbies it is better off holding your bitcoin than losing them to the Market through trading

You do not need to be a newbie to make big mistakes, especially for traders.

It is mostly self acclaimed experienced traders that do even chase after large win (greed) and end up liquidating themselves. We have heard of top traders collecting funds to trade for people which in turn has always ended been a big mistake.

[Sim_card]

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As a newbie the very first day you decide to start trading Bitcoin that is the day you made a big financial mistake. I cannot support any discussion that has to trading because I believe trading should be avoided by all cost in my own opinion. New Bitcoiners are being deceived online when they see flashy lifestyle of influencers and content makers who claim they make billions in trading Bitcoin. Most of those things they see there are fake lifestyles. Yet they choose to start trading an asset which they should have just invest in for long term.

However, everyone has their choice to make when it comes to being a bitcoiner. Someday we will reap the consequences of our actions whether it yields something good or not. I will always spill the truth and that is instead of a newbie to take all the years of learning how to trade Bitcoin why not they start their investment journey for that number of years and see how much they have accumulated in their wallet.

Trading without skills and capital will only end in losses, the influencers out there will not care about the losses you suffer, they only live for content and make money with content.

Having the capital and skill in trading does not guarantee that you will make profits when trading, because even professional traders run at big loss for just a slight mistake. It is not easy to ride on the price wave of bitcoin but a lot of traders fails to understand this, and they think that they can outsmart the market. Anyone that is serious to pile up wealth for his future shouldn't consider trading, because it might be the worst lane to pass through.

Bitcoin long term invest has given you the opportunity to invest in bitcoin through DCA in order for you to pile up wealth for yourself buy using only your discretionary income to buy bitcoin regularly and your focus should is for you to be consistent and persistent in building your bitcoin portfolio to your target. This is why, you need to always work on your income to improve it so that you can invest aggressively.