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 really think that's the case. I just believe it's miss information and I've also fallen for that before . My advice for anyone going into trading is you must get prior information about trading and seek out a mentor to follow in his footsteps so you won't find it hard to develop your own working strategy, and most of all be patient trading is a skill you must develop it. And I don't see why I should quit my job just for a gold rush . Quit absurd