Quote from: beerlover on April 13, 2021, 08:40:02 AM

Quote from: wxa7115 on April 12, 2021, 06:00:05 PM

It is my belief that every single person that has decided to come to this market should begin as an investor so they can reduce their risk and take the time to learn more about the markets in general, and then after a few years in which they have become successful investors they could try trading if they want

This sounds like a good suggestion. Rather than struggling with the day-trading kind of high risk one, beginners should opt for long-term holding so that they could understand how the bitcoin market is fluctuating over the years. Simply watching will be definitely a boring one for anyone but when you are having some position into some market and then watching the price movements will be much interesting and helping to learn something about the market movements.

When you are good at predicting possible market turning points, then that would be a right time to enter as a trader in the same market.

Most people are experiencing stock trading and then directly entering into crypto trading which must be a blunder mistake in my opinion. Even the basics of trading are same but market influencing factors are completely different like we do not have halving event in stock trading. So, understanding the fluctuations of crypto markets must be very important before entering as a trader.

What kills most newbies is that they want not only to make profits but they want to obtain profits in the most difficult way possible, if at the beginning they just bought bitcoin and held their coins even if it was boring if they could do this for a few years then the chances of them being profitable is very high, and if they used that time to learn about the markets then the chances they will become profitable traders are very high as well.

But they want to begin trading immediately and that is when they are more susceptible to make a mistake as they invest in all kind of coins that scam them or that turn out to be a failure and they lose all their money and at the end think every single coin is a scam when they were the ones that selected scams due to their inexperience.