Quote from: sunsilk on November 11, 2023, 06:24:26 AM

Quote from: Patrol69 on November 11, 2023, 04:19:11 AM

Investing and trading is somewhat risky for every new investor or trader. Initially, an investor or trader does not have a complete understanding of these issues, due to which newbies make more mistakes in investing and trading. In the first instance new members need to get training and practical idea about investment first. Beginners need to use small amount of money first to get real idea. When they can get a fairly realistic idea of trading and investing with a small amount of money, they can start their main investment or trading. But in the beginning if one goes for direct investment or trading then they will not be able to do any good from their trading. So every trader and investor should get enough ideas and practical experience in the beginning.

IMHO, when someone invests he already takes it as something risky even before doing it. And someone who doesn't have knowledge upon doing so is actually a risk taker. But do they know that they can minimize the risk that before doing an investment, researching is going to give them an upperhand.

Not all, many investors are naive, thinking that when they invest they will definitely get a profit from their investment , then after they will learn the truth the hardway. This is also one of the reasons why there are weak hands among the investors. They are not prepared for the bad scenario and panic when they experience one which resulted of selling their Bitcoin holding just to "minimize their losses". But little that they know that Bitcoin has the ability to recover and even surpassed its ATH, it is that it does not happen overnight.

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Just to make sure that your hard earned money will be used properly and wisely, those that invests without prior knowledge are truly taking the top risk.

Yeah and they are the first one to buy during the peak and the first one to sell when the market become unfavorable.

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And relating that to Bitcoin and trading, many of them doesn't mind going to the point of trading as soon as possible because of misbelief that they can make easy money there which is truly wrong and doesn't make sense.

Well, they can make money but not that easily. Many of these newbies are enticed with huge profit and get hyped into investing thinking that they will get profit if they just do trade. I believe the misunderstanding are done by people who introduced Bitcoin but failed to remind the people about the risk and failed to inform them about how the Bitcoin market work.