prefer trading they should note the following;
1. Trade with what you can afford to lose
2. The market is not a respecter of person ( it doesn't look if you really need money or not)
3. The risk is 50/50, if not more than the chance of making profit
4. Don't be carried away by the market movement whether down or uptrend etc.
The best part that you forget to add up is to go and engage in trading classes in order for them to learn for a long period of time so that they can have knowledge about what they are trying to enter because both trading and investment need patience, but trading is the most dangerous among
So that is why it is mostly advisable for the beginners to always focus on long-term bitcoin investments because it is less stressful, it requires less knowledge, it has a lower risk than bitcoin trading, and at the same time it is very easy, so even if you have the wish to trade, I think the best thing to do should be a long-term investment rather than involving yourself in something you are not fully sure you will have a good profit.
, it doesn't have to be in class or have a mentor but just learn independently, especially now there is so much information that we can learn, the point is to learn. Because trading is not only difficult, but very very difficult. it takes years to learn technical analysis, risk and reward ratio, good money management, controlling emotions and greed. So practicing patience is also an important factor in trading and investing. A strategy that suits us, don't follow others, those are the things needed to be able to make a profit. without years of dedication like that, it is very difficult to get consistent profits.
I also agree with you. To be safer in investing, you should make bitcoin your main goal, because the risk we have in bitcoin is smaller than altcoin and bitcoin is also an asset that has good prospects for the long term.
Trading is very complex and a new investor should avoid trading at all cost because it will make you run at loss and lose the little bitcoin that you bought. It is good for new investors to get started immediately and buy bitcoin with DCA method frequently weekly or monthly so that you can build and grow your bitcoin investment for the future in order for you to become financially buoyant.
I don't see how learning trading is important for an investor who plans to buy bitcoin and hodli for long term because it will be a waste of time and not a priority since he is only buying continuously ovetime. Trading to me is a no go area because it is similar to gambling and bitcoin is worth more than using it for gambling.
That's exactly the point, as a matter of fact it is advisable for newbies not to go the lane of trading, though I understand that there are existing bitcoiners that are much more into trading, for me it shouldn't be a thing for a newbie because as a newbie going into what you know nothing may ruin you and if such happens, you may start generalizing it with Bitcoin investment and misleading people on the experience you had on trading and people that doesn't know much about Bitcoin investment and the trading aspect may agree to what they heard in turn this may cause discouragement among individuals that has the mindset of investing in Bitcoin.
Intending investors should concentrate on the investment aspect of Bitcoin alone to avoid unnecessary loss as result of trading that may cause regret, as a newbie you must have a good investment plan and a set goal for the future if you must succeed in Bitcoin investment and for the afformentioned to happen you must use a good strategy that fits your pocket in other to keep acumalting to build a bulky portfolio and hodl for a long-term.
Newbies that want to remain relevant in the system should have the mindset of consistently investing the amount that will not hinder them from handling other financial needs as it affects them, if a newbies abide by this, it will help them not to think of withrawing their investment half way to Carter for unexpected financial problems that may arise along the line, it will also strengthen newbies to keep buying as much they can and keep holding for the long-term which is the main goal.
Though different people with different reasons why the are into Bitcoin but as far as ones goal is to buy Bitcoin the little they can consistently and hodl for the long-term, being involved in whatever concerns trading shouldnt matter to such person again because trading in reality is an unrealistic shorterm journey thats capable of causing more harm as gambling do to gamblers in quote, so for me it is advisable as newbies and existing bitcoiners to always have a future mindset in other to avoid risk that's is not worth it.