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.
If it is a longterm investment that requires one to hodl Bitcoin I don't think one needs much knowledge to hodl Bitcoin, in hodling what one needs to understand is just to have patience and not to be in panic if the market is going dip because it will definitely come up again. Trading needs more knowledge, it is impossible for someone who knows nothing about trading to start trading and will succeed in making good profits out from trading. Their are rules and principles in trading, their are also strategies in trading that beginners needs to know before starting trading. Trading is not luck or gambling that anyone can be lucky to win, trading is a skill and institution that people needs knowledge to do it proper to reduce the rate of money that can be lose.