Quote from: Kristiyana on June 05, 2024, 09:02:06 PM

Quote from: Emmybit001 on May 13, 2024, 11:15:02 AM

In everything there is always a beginner, in political way there are beginner even in the crypto world 🌍 we still have a beginner, so as a beginners in crypto you should know how it works first before you get into it, there was a guy complaining that he lost in trading crypto, and he is telling some of he's friend not to go into crypto just because he lost and he didn't follow the signal, I just want to say that you need to understand how it works first before you start, thank you.

Actually there's different between Crypto investment and trading, did you mean advising his friend not to go into trading? If yes" i think that's a good advice, because the risk that is involve in trading is very high to be compared with the risk in Crypto investment. secondly trading also requires more knowledge than Crypto investment, i think he did absolutely well by telling his friend about the bad experience he had in trading and also advising him not to go into trading because he wouldn't want his friend to Also have the bad experience he had.

Investing and trading are two different thing, trading always take a short period of time compared to investment though some people invest for short term why some invest for long term they both have there advantage and disadvantage. However, I think one shouldn't advise someone not to trade because of one's experience cause what will favor you may not favor that person and what will favor that person may not favor you as well, that is why it's not good to tell someone not to trade perhaps you can just share your experience with the person and allow the person make a decision whether he will trade or not. there are also people with good experience on trading that's to say there are people who are eating well today out of trading, the fact that it has a higher risk doesn't mean it is not good cause the profit can be massive sometimes.