Quote from: Egii Nna on Today at 07:12:34 AM

Quote from: DubemIfedigbo001 on Today at 06:33:44 AM

Well, I really think you missed my point mate, was pointing at a beginner who's mind is made up on trading, so to make sure he does the right thing first by accumulating Bitcoin first until his target is met before thinking of trading, I would introduce a mindset of accumulation as primary and trading as secondary. Just a calculated plan to get such a person to have his investment in Bitcoin first in order to secure his future. Most times while investing in Bitcoin consistently such person loses interest in trading and remain focused on his investment. This is just a mental hack to direct a new investor who previously had intention of trading that there's a better future in investment and it should be considered a priority.

If you deal with people so much, you'll know that a direct refusal sometimes triggers resistance in them, so identifying with their intentions to a limited extent makes them more comfortable and most times at the long run, they get comfortable with your Idea and forgo the wrong motive they had earlier.

Yes, considering one's wish in bitcoin is a good point that needs to be considered, but when you know that this person that is trying to take that decision is a beginner, then you still have to explain more for him. As a beginner who has the wish of trading, the first expectation that he had on bitcoin was to get rich quickly. That is the main reason why they will like to join the bitcoin trading, not knowing that the best way to get a good profit is by long-time investment.

So if you said they should take bitcoin investment as a primary aim and trading as a secondary aim, that will make them think that trading is simpler than investment. We all know that trading is the most complex aspect of bitcoin. So to me, the best approach is to explain to them and make them understand that bitcoin investment is the best for them to accumulate as much bitcoin as they want, while before they can start trading, they have to involve themselves in a lot of research and learn for several months, and still there is a possibility of them losing some of the money in trading.

There is a saying that says, “You should never make a decision for a beginner that is eager to do something, but let him make the choice himself so that when it fails he blames himself.” But in bitcoin is different because the initial mistake of a beginner can make him regret something he will never expect.

Your points are valid but we should know trading and investing are two different things, if a beginner comes for learning process there’s no point complicating both words when they both have different meaning and strategy. I don’t know how all this are done because sometimes they come as a beginner but they have heard about trading and investing either from someone etc. the best thing is to differentiate both trading and investing since it’s hard for a newly investor to trade, no beginner should think of trade because they’ll make a great lose why? They’ve not gotten much knowledge even a knowledgeable person don’t get it right when trading. Investing at the other hand can be done with the dca strategy for starters and it happens to be one of the popular strategy, IMO no beginner deserves to experience lose the wrong way but we can’t tell because most people started their early Journey experiencing lose and still followed the right part all this depends on the investor if they’re willing to learn and take corrections.