Ninjastic
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Board Trading Discussion
Re: Should I wait to have a huge capital before I start trading?
by
Wind_FURY
on 19/01/2025, 17:57:50 UTC
Quote from: Wakate on Today at 03:05:25 PM
Quote from: Wind_FURY on January 16, 2025, 02:43:20 PM
Quote from: tvplus006 on January 15, 2025, 10:11:33 PM
Quote from: Gooner0 on October 23, 2024, 10:25:44 PM
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

You can start trading with a small deposit, which you will eventually lose. And you should understand that most beginners lose their deposit several times before they learn how to trade. So it's better to lose a little bit than a lot of money. But in any case, you need to remember that on all exchanges it takes at least $3-5 to open an order, depending on the trading pair.


👍

What should we actually tell newbies in BitcoinTalk? "Trade" and lose money like many of the people who give that advice, but doubtfully think that they made actual money from "trading" with a large sample size, OR do we make it easier for them and let them do what we are doing? - Buy the DIP, and HODL.

No one actually will lose "money" by HODLing Bitcoin because Bitcoin itself IS money. Cool
Apart from holding, you can likewise make some good profits from trading but many people especially those that are not traders do think that may not be possible. Once you have good knowledge about trading and have a mentor that is experienced and profitable at the same time, making profits from trading will be possible but it's not that easy for everyone.

There are traders that have a good background that have been helping them to make good decisions in the market. Every traders most be ready to learn because the market pattern changes always which is one of the reasons why many traders are not so profitable in a long time in trading. Trading is not for the weak and always require backup strategy and a good risk management in place to problem unnecessary decision that have the tendency to influence losses.


Ser, I'm very confident that the same advice given by the people in this forum could NOT outperform Bitcoin over a long term period. Why give such advice and post advice, if you yourself isn't actually a profitable trader? We're plebs, and we definitely should accept that fact and accept each other for being mere plebs at the bottom of the Bitcoin community.

BUT we're plebs that are front-running/have front-ran the billionaires and the nation-states. If they want to buy our precious Bitcoins from us , they should offer us seven figures and MAYBE we "might" consider it. Cool