Post
Topic
Board Nigeria (Naija)
Merits 6 from 2 users
Re: As a newbie to crypto currency
by
fredericktaylor
on 16/03/2025, 08:32:04 UTC
⭐ Merited by Mehmet69 (4) ,1miau (2)
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
Personally I don't see trading as a bad hobby.  Before a person takes initiative his main view is his money. If your thinking and your goals are right then which direction will be better to start with. In this thread we are talking about investors and crypto globe. Op didn't understand crypto investing and crypto trading very well, I think it's not good at all to have a wrong idea about crypto currency.

Crypto Trader:
Crypto Traders are those who invest for a short period of time by keeping an eye on the market movements and making huge profits. For example, they invest when the market price of Bitcoin or cryptocurrency falls and sell when the market rises again. They invest for a short period of time rather than storing crypto or Bitcoin for the long term. They are making money by exploiting these ups and downs in the market.

Crypto Investing:
Cryptocurrency investors are those who accumulate crypto through a long-term investment plan and are interested in accumulating more crypto because of the potential for future crypto growth. They continue to invest patiently, thinking about the future without paying much attention to the fluctuations in market prices. Move towards growing wealth strategically with their specific thinking and long-term investment plans in mind.

It is very important for beginners to keep an eye on market movements and consult wise investors and use their instructions properly. It is very important to develop a long-term thinking mindset and plan for the future with professional investment thinking in mind and make long-term investments according to plan. Trading for newbies is not an easy task, it is a complex investment system, because no one can handle trading properly in a new situation.