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Cryptocurrency Trading / Re: Do professional traders lose money?
« Last post by Rubel007 on Today at 05:46:22 PM »Trading platform is a speculative platform where everything is considered speculative. In the cryptocurrency space bitcoin is one of the currencies where one can buy or sell it only depending on assumption. But an experienced person's estimate and a novice's estimate will not be the same. Even if an experienced trader does not give assurance, he can certainly make reliable guesses in the light of his experience, which is difficult for new trader. But being an experienced trader does not mean that he will make certain profit from the trading platform. Many experienced traders also lose their assets.Before becoming professional traders, they were also amateur traders too. And in cryptocurrency trading, even if they are professional traders, they will definitely experience losing money here.
Predicting coin prices is not easy, even if it is done by professional traders.
it could be that they are more expert than us, but it is impossible for their predictions to always be correct.
That's right, just because someone is an expert in something doesn't mean they will always be right about everything related to that, so even if someone has a lot of expertise about the cryptocurrency market, their predictions wouldn't always be correct because the market is unpredictable, and many times, it moves in directions that weren't expected by anyone in the market.
The recent dip in Bitcoin's price is a big example of this. A lot of people got liquidated in the dip because they had longed Bitcoin and many other cryptocurrencies but it fell down and they all lost money, one trader even lost $1.1m during this.