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Author Topic: Trading is not the only way to make money. Here is why!  (Read 3167 times)

Offline Rubel007

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Re: Trading is not the only way to make money. Here is why!
« Reply #75 on: May 17, 2024, 08:21:29 AM »
Long term planning is the way to go without a doubt. If you could put aside even a small portion of your salary into bitcoin every month for 20 years, can you imagine how rich you will be? Nobody wants to wait 20 years to be wealthy but that is the most guaranteed way to make money. Obviously a lot of people will hate it, because they are too inpatient and that means they are going to sell beforehand, or try to get rich overnight with some x100 shitcoin that they risk. Just do what most people did to get rich and retire happy, invest into something way beforehand, and you will do fine on the long run.
Agreed and i also think for those who invest in cryptocurrencies only after informing from others, it may seem like a money income scheme only. But when they survive there for a while they realize the point. In order to survive in the crypto space and not just invest, an investor needs to acquire various types of knowledge. When the investor gets a good idea about the market, especially how to be patient during high volatility, what investors should do in bearish and bullish times and how to control greed, if they invest. Then the chances of losing there will be reduced ‍after that they can proceed towards their goals.

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Re: Trading is not the only way to make money. Here is why!
« Reply #75 on: May 17, 2024, 08:21:29 AM »

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Offline babo

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Re: Trading is not the only way to make money. Here is why!
« Reply #76 on: May 17, 2024, 02:26:13 PM »
Agreed and i also think for those who invest in cryptocurrencies only after informing from others, it may seem like a money income scheme only. But when they survive there for a while they realize the point. In order to survive in the crypto space and not just invest, an investor needs to acquire various types of knowledge. When the investor gets a good idea about the market, especially how to be patient during high volatility, what investors should do in bearish and bullish times and how to control greed, if they invest. Then the chances of losing there will be reduced ‍after that they can proceed towards their goals.

if you are a holder yes, you have to be patient and not care about volatility
if you are a trader and you are good, volatility is a playground for you, the best time to make a lot of money
clearly if you are not expert you will only lose money
but with a flat market, the trader does not make money
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Offline vegasus

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Re: Trading is not the only way to make money. Here is why!
« Reply #77 on: May 17, 2024, 10:17:45 PM »
There are different means through which we can make money from cryptocurrencies aside from doing trades, we need to explore more on the networks to know what and how we could best fit in for such opportunities in so many of these cryptocurrencies, also, we shouldn't think about other sources as being free from taking risk, if we must really make money, then we have to take risk.
Taking risks cannot be separated from this space. It's always risky. It's just a matter of how much risk we can bear and also manage it so that we can run well and under control when doing it in this space.

The problem then is that there are many people who enter the world of trading but are not strong and are not ready for the various risks that exist. So they often want to take a practical way to do it. Trading with signals is the most common thing in the world of trading for some people. However, brands forget that it still carries high risks. It's just that people think the risk is lower. Hmmm, this is actually a more risky endeavor than jumping into the world of trading but not understanding what trading is all about, so what are you going to do?

Offline alltalk

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Re: Trading is not the only way to make money. Here is why!
« Reply #78 on: May 17, 2024, 11:01:19 PM »
if you are a holder yes, you have to be patient and not care about volatility
Investors must care the volatility. If there is no volatility, investors can't get big profits.  :D
But investors may not really care about the temporary price changes. They keep holding as long as it doesn't reach the target.

if you are a trader and you are good, volatility is a playground for you, the best time to make a lot of money
Volatility is needed. Even, traders expect a fast change in the price. If it can raise quickly, traders can get fast profits.
There is no price change if there is no volatility in crypto prices.

clearly if you are not expert you will only lose money
At least, we must have sufficient knowledge and understand the basic things of investment or trading. In this way, we don't easily lose money because we understand how to invest or trade in a proper way.

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