As a newbie the very first day you decide to start trading Bitcoin that is the day you made a big financial mistake. I cannot support any discussion that has to trading because I believe trading should be avoided by all cost in my own opinion. New Bitcoiners are being deceived online when they see flashy lifestyle of influencers and content makers who claim they make billions in trading Bitcoin. Most of those things they see there are fake lifestyles. Yet they choose to start trading an asset which they should have just invest in for long term.
However, everyone has their choice to make when it comes to being a bitcoiner. Someday we will reap the consequences of our actions whether it yields something good or not. I will always spill the truth and that is instead of a newbie to take all the years of learning how to trade Bitcoin why not they start their investment journey for that number of years and see how much they have accumulated in their wallet.
Trading is not for everyone, this is a sentence that I will always continue and spread, because out there there are many beginners who feel that they can conquer trading, even though they have no skills at all, if the goal is to accumulate bitcoins, then becoming a holder is very good, especially by implementing the DCA and buy the dip concepts, the bitcoin investment that is carried out will definitely bear sweet fruit.
Trading without skills and capital will only end in losses, the influencers out there will not care about the losses you suffer, they only live for content and make money with content.
If people can get the fact that trading is highly risky, I believe it will help many people who are always planning to make quick money from Bitcoin, especially newbies. A lot of people have lost their money in trading. In fact, some have even gone to the extent of selling their properties to trade with the aim and belief that brighter days are ahead, where they will be making a lot from trading. But if you ask them, they have nothing to show for it; they have lost everything in trading.
The best way for anyone to make reasonable gains from Bitcoin is through investment. Just be ready to hold Bitcoin for a long period, and there are high possibilities that someone will earn good profit from Bitcoin investment.
Seriously, many traders that we often see online, showing their wealth and claiming they are making it through trading, are almost 99% reliant on other sources of income. They are just using trading to cover up some of their illegal sources of income. We need to be very careful online because where some are claiming they are getting their money is a lie. It is not easy to make money easily in life.