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.
Dont look for other ways when in crypto. Any other way is a trap . Be it high yielding crypto investments or any new staking program. Yea its true some would work but most will end up being in a scam and you will loose your money. I suggest just keep investing in major coins like BTC and Eth. if you cant be regular trader then just simply buy some amount every month and dont look upon your p&L for sometime. In the end your result will be fruitful enough.
High-yielding dapps or projects promising high returns upon buying and staking their native tokens are never a good way to make investments if someone wants to experiment with such things they should only invest a very small amount but risking big money on such things is pure foolishness and it is obviously better buying and storing Bitcoins if someone doesn't have knowledge and experience for regular day trading because we all know Bitcoin performs well.
Newbies usually lose a lot of money by investing in new projects because they get excited when they see high returns they are promising on investments or staking on their pools, but they need to learn to do some research and understand that what looks too good is hardly true so it's better to stay away from it.