Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.
Are you discouraging newbies from trading? Any newbie that's interested in trading can do that, but all I will say is that trading is not really easy, and if you are not ready to learn, then trading is not for you. Trading requires constant learning and practice. When trading, you don't expect a reward instantly, you will be losing money as a beginner, which I'm sure is what some people are scared of. You can't start trading and you think you won't be losing, but if you are focused and you don't give up, you will end up getting a strategy that will work for you. I know holding is kind of easy compared to trading, but for anyone who's interested in trading, I don't discourage them, I will just tell them everything they need to know.
Well said! Trading is not something that you can just hop on because you wanted to generate income and people tells you so. If you don't understand the risks that comes with it, then you shouldn't probably go into it. Trading requires a lot of time and energy, and without having essential knowledge and skills, you will not survive the market.
People are making money from trading, just that you won't start trading and you will be expecting money instantly, it's a gradual process. Some newbies are always disappointed when they start trading because most of them have the wrong orientation about trading; they are not being told that they can lose money when trading, and when they start trading and they start losing money, they are always disappointed. Most newbies see trading as a get-rich-quick scheme. Most newbies are always looking for trading signals, they don't even care to learn how to do analysis by themselves, they are just looking for easy money.
Even the most expert traders are still experiencing losses, what more for those people who are just beginners and doesn't have much experience with it.
Every trader does lose money, even if you are a professional trader, but as a trader, just make sure your profit is more than your loss. If your loss is more than your profit, then you have to check the strategy that you are using, work on it, or do more research to change your strategy. If you have a perfect strategy, then your profit will definitely be greater than your loss.