Post
Topic
Board Trading Discussion
Re: Should I wait to have a huge capital before I start trading?
by
Rabata
on 20/01/2025, 09:12:10 UTC
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.
Your statement is correct ‍but in my perspective I just want to say that it is often a common picture where a new trader, when he make profits from a trade, provides more money for trading. Profiting from trading seems very easy for him, but the reality is definitely not like that. For those who do not know about trading, trading can be one of the reasons for losing. It is easy to make money from trading, and it does not take long to lose from it. However, whether a trader is new or old, if he increases his focus on holding, he can definitely profit in the long run. In this case, he does not need to know much, but he must hold the appropriate asset. Bitcoin is the best in this case. Although many have made a lot of money by trading, not everyone can do well from it. The investor has to take a decision by considering the risk.