Quote from: Saint-loup on August 20, 2023, 07:49:33 PM

Quote from: Ruttoshi on August 16, 2023, 09:53:15 AM

So many newbies have the wrong orientation on bitcoin and they think that it is a get rich quick scheme,which makes them rush into investing and after investing,what comes to their mind next is trading. Trading should be the last thing on your mind as a newbie here,what matters is after buying your bitcoin is to learn on how you can keep your bitcoin safe and how you can also add to your bitcoin by using the DCA method or how to take advantage of the market when bitcoin price dips. The best way a newbie can make profit from bitcoin is when he holds his bitcoin for a very long time and the profits will come by itself and not through trading.

Trading is done by professional and people who understands the fundamental analysis and technical analysis,you still also need to know the risk management in trading. All these put together can't be learnt in two months that is why a newbie should shy away from trading and don't think that trading is very easy and rush into it,or else you will end up losing your bitcoin to a professional trader because even the professional traders also run at loss. Don't see bitcoin trading as job that you can use to earn a living because you will get disappointed after a great loss,or something that you can use to earn high profit within a short period of time because that is not how it works.

Don't quit your job because you just purchase some fraction of bitcoin, and use like 10% of your income to buy bitcoin monthly or weekly and hold for a very long time because this is the only way that you can enjoy from your bitcoin investment. Your bitcoin at hand is worth more than millions in the market and don't allow your greed or anxiety to trade make your loss your bitcoin because it is more precious than gold when you HodLi. Any fraction of bitcoin that is gone wouldn't be easy to replace back. Learn and have a concrete knowledge on whatever you want to use your bitcoin for before rushing into it. The forum is where you can learn a lot on bitcoin and DYOR.

What are your suggestions on this my seniors. I want to hear from experience members.

I don't understand how you can advise beginners against trading while advising them to invest 10% of their income in Bitcoin by doing DCA or by hodling.
You have the same amount of chances to make profit or to lose money by trading or hodling IMO. Because nobody can tell if Bitcoin will continue grow in the coming years or if it will crash. IMO we can't except adoption to grow in the same way as it has done from 2009 to 2021, so you shouldn't make beginners dreaming of millions, it's not serious.

Yes you are not nobody knows what the future will have for bitcoin price but from history in every bitcoin circle,it has shown that after the halving comes ATH in the next year,and that the price at bitcoin ATH is always higher than the previous ATH price. Which means that if we go by this,bitcoin investment is profitable when you invest and hodli for a long term,compare to trading that you can make loss in a second. That is what OP is telling the newbies that they shouldn't see trading as something that will generate them with fast money when they don't have the knowledge of trading. It is clear that when you hodli your bitcoin irrespective of the circle,you will be more profitable than stressing yourself to trade on what you are not sure of making profit from.