Post
Topic
Board Nigeria (Naija)
Re: As a newbie to crypto currency
by
Gost ms
on 01/05/2025, 03:43:17 UTC
Yes, and especially a newbie should never start trading at the first stage, because trading is never an easy thing, even many experienced people face a lot of losses, in that case a newbie will never be able to do anything good from trading, because he is not fully experienced in trading. If a newbie starts trading, he will only suffer losses. Because in the first stage, the way a newbie thinks about trading, (they only think about profit), they first go into trading with that thought, but they only lose their savings. So in the first stage, they must be aware and make the right decision, otherwise they will lose everything even at the first.
Trading is fat different from investment, people take trading as a course you learn unlike Bitcoin investment that just anybody can kick start by simply understanding the process of accumulating by purchase and storing with knowledge on how to hold and not sell in a moment of price drop when the price begins to drop. Trading requires analysis to predict among all odds how the market will display either in a short frame or long frame, your speculations in trading needs to be perfect in order to make profits. Newbies should avoid trading instead those capital should be utilized in Bitcoin investment.

Yes, I agree with you. Trading is a kind of gambling, Bitcoin investment does not require technical skills and some knowledge like trading. You can invest only if you have basic knowledge about Bitcoin. And if you have faith in Bitcoin, then you will be able to hold your investment for a long time. Because the Bitcoin market is very volatile, there is often a decline in the market, if a person does not have faith in Bitcoin, then he can panic and sell his holdings during the decline. Trading is very risky, always try to keep yourself away from trading. Keep your aim for long-term investment.