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.
Staking BNB can be a recommendation for experimenting because we know how BNB can provide security to its customers, plus they always hold launchpad and the main requirement is to have a BNB coin that is stuck, so maybe this is a better choice, and I think if I want to Doing it for the long term is not a problem because the risk is not too big like other coins. BTC and ETH work well, and we pay attention to it for a long time until today, it is better if you want to invest in Crypto for the long term both Can be the best choice.
Trading for a beginner is quite difficult, and on average from them suffered losses, I also used to do the same thing and suffered losses too if Langdung plunged into trade, but over time, a knowledge of the loss would come that could make the skill Trading is better for profit.
On average, they are interested in new projects, because they see a significant increase and I am sure we all experience the same thing at the beginning of the purchase of Crypto, but it is a natural thing and must be passed by a beginner, right?