Quote from: Ambatman on September 17, 2024, 08:46:34 PM

Quote from: Cryptoprincess101 on September 17, 2024, 07:37:08 PM

Trading for a beginner or a newbie can be very problematic because they lack experience and exposure on how trading works and even if they want to consider trading due to what a trader must have told them but they should not trade Bitcoin, they can gamble other shitcoins and trade with amount they afford to let go if the market goes sideways then if they are lucky to make profits while trading it's fine then they can take their profits to invest in Bitcoin but that doesn't mean that trading is a good practice for a beginner. All investments are risky but the risk of a Bitcoin investor running into losses is at the minimal therefore I suggest that it would be better to invest in Bitcoin than to get involved in trading because trading has this kind of urge to trade more especially when you record some profits and continue before you know it all your money is gone. Investing in Bitcoin is the best investment decision anyone can indulge in no matter how little of it you acquire but by consistent DCA you can grow a huge portfolio.

advising trading on shitcoins is a no go.
Wld coin for example was around $11.5 this year but now barely $1.45$.
Shitcoins shouldn't be advised towards, they always have their time and period and once elapsed they crash.
Trading isn't something that should come across a newbies mind.
Many newbies are enticed by people post online on their profits from trading
Not all are real and those that are took time, practice, experience, skills and losses to get there
To jump this hurdle, just HODL.

It is not only shitcoins that one should be careful about trading. Even Bitcoin can be difficult to trade for those who does not have the knowledge and skill to navigate through the dynamic market. Trading can be a profitable business but the problem is that it is so hyped that people jump into it thinking it is a shortcut to wealth only to find out that "all that glitters are not gold". Just like you said, I will not encourage anyone new to Bitcoin to go into trading, that route is not the best way to start building wealth because it can come with a lot of pains. Instead of trading, investing in Bitcoin can be better and using any of the methods, especially the DCA can be very helpful for the investor.