I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?
Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading.
While trading can be profitable, it's not the only way to earn profits from cryptocurrency investments. New investors can also make potential profits by buying and holding cryptocurrencies. This strategy involves purchasing a cryptocurrency and holding onto it for a period of time in the hopes that its value will increase. This is a simple and popular technique that can be effective if you invest in the right project. Therefore, I believe the idea that new crypto investors can only earn from trading is a myth.
there are other activities where a person can earn from this market, and yes, it is not only from trading. for those freelancers, they can always accept crypto in their payment method, and so they are earning from this market just by getting crypto in exchange of their services. as already mentioned, you can also buy or invest some valuable projects and sell it when you think you have incurred your profits.
Absolutely! This is what I'm trying to point out. For years I couldn't understand the concept of trading even though I joined some classes and took some courses. I literally would've given up if my friend hadn't introduced me to staking and other non trading methods of earning and today, there are tons of other ways to earn as a newbie. We need to propagate these methods instead of making newbies believe that only professional and guru traders can profit from crypto. Thanks for your input buddy.