Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Thyplaymaker on April 10, 2024, 08:26:39 PM
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
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There is always an advice and they have always been an advice, the problem is that will the people involve embrace the advice? Even if they decide to embrace the advice on their own, will greed allow them? Most people that joins the trading bandwagon just because Peter my friend did it and was successful, I will also do it and be successful. Afterall, I am smarter than him. This is not all about smart, do you know how far Peter is ahead of you in knowledge of trading?
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Futures, leverage and options are not really for beginners and in my opinion should not be attempted at all.
You should take risks only with your money so that you can have better control over your emotions cause there is no added pressure behind your back that will push you to make wrong moves.
As a beginner you can try spot trading with safe pairs like BTC/USDT in mid term.
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Trading is all professional game, skill is very important. When a trader starts trading without trading knowledge, he risks his capital and at some point he loses his capital and leaves the market. Futures trading is most dangerous for a new trader, even many experienced traders avoid futures trading. Traders must develop trading skills before starting trading to protect their funds from major losses. A new trader should always trade in major pairs, so as not to panic and lose due to excessive volatility, risk management will allow a trader to try to keep funds safe even in bad conditions.
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But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
Future trading is very risky. The good traders are using 1x leverage or below. But some traders prefer to use high leverage, making the liquidation price of their trading asset to become closer to the market price and that is one of the reasons some traders are losing in trading. Even spot trading is not for everyone. There are some people that will trade spot and see themselves continue in losses. Holding can be better.
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
Right, we can partly blame the media for this. I mean it was portray by this so called influencer that crypto trading is easy and that they could make a lot of a money in the quickest time. And so it's going to be a rude awakening for this news and they can't get out of it because they put to much capital and the only way to get out is to suffer a lost.
so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
Yes, just learn and take it slow in the beginning, educate yourself and remember to have patience as well. Don't go on future trading in the beginning, there is a big risk involved. Just do the regular trade and see how it goes. If you find it tiring and you are not making money then maybe trading is not for you.
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so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk
For people who have no enough knowledge in trading, I even suggest to learn first. No need to hurry for trading coins, it is a careless way to try luck in trading. Spot trading also requires sufficient knowledge, it is not for a zero knowledge people. But future trading is not for average traders, even if someone has sufficient knowledge, it is not recommended to try future trading. I think it is just for experienced or professional traders only.
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There's a difference between futures Greed and fear is a very bad thing on futures if you don't have good risk management you will end up losing a huge amount and in spot trading, you need to be patient as it requires time and you can only make a profit on surge price unlike futures you can also make a profit in declines.
What I could only suggest if you are going to future trading don't invest much always put a position with small risk and low leverage to avoid losing much.
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There is always an advice and they have always been an advice, the problem is that will the people involve embrace the advice? Even if they decide to embrace the advice on their own, will greed allow them? Most people that joins the trading bandwagon just because Peter my friend did it and was successful, I will also do it and be successful. Afterall, I am smarter than him. This is not all about smart, do you know how far Peter is ahead of you in knowledge of trading?
Exactly, back the I myself actually knew that greed would lead to losses but still let it get the best of me, but now I can manage my emotions when it comes to stuff like this after going through alot of losses caused by lack of emotional and risk management. Well as they say experience is the best teacher is experience and it endup teaching me well but in a strict way . That why as a newbie you have to learn from others, so that you can be able to learn from others mistakes, and this forum as made it easier for newbies to learn from knowledgeable individuals here.
But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
Future trading is very risky. The good traders are using 1x leverage or below. But some traders prefer to use high leverage, making the liquidation price of their trading asset to become closer to the market price and that is one of the reasons some traders are losing in trading. Even spot trading is not for everyone. There are some people that will trade spot and see themselves continue in losses. Holding can be better.
Most people that use higher leverages are those that don't have alot of trading funds, so inorder for them to make much or bigger profit quick they would let greed to get the best of them, which will lead them in using high leverages. That may endup getting them liquidated. While Someone that's financially stable can trade with a huge amount of money while using a leverage as low as ×1 , and would still endup with some good profit if the market move his way.
That's true spot trading is not fir everyone, a friend of mine back then was a spot trader , whom mostly trade all kind of altcoins and shitcoins. And at then he didn't have much knowledge about trading and at same time lacks the habit of always researching, so he will just go about trading all kinds of random coins and any time there's a slight dip in market he would quickly sell in losses due to panicky and he continues like that till he discovered that he was not progressing in his trading , so I managed to convince him ( because of the bullrun :)) into holding now and his holding is doing a good job for him in the profit aspects due to the recent surge in market in the past months.
so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk
For people who have no enough knowledge in trading, I even suggest to learn first. No need to hurry for trading coins, it is a careless way to try luck in trading. Spot trading also requires sufficient knowledge, it is not for a zero knowledge people. But future trading is not for average traders, even if someone has sufficient knowledge, it is not recommended to try future trading. I think it is just for experienced or professional traders only.
Is true because going to future trading without any proper knowledge Is like one gambling with his money. Even some pro are Still finding it difficult.
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
If we continue to do any work with excessive haste, but the result of that work will never be good. Every work needs proper planning and it is very important to do the work gradually according to proper planning. If we are in a hurry to do something, we will definitely take a shortcut to do it, and whenever we take a shortcut in an important task, it will be seen that we will not be able to do the job perfectly. It is necessary to be patient enough in buying any coin, if we buy any coin after seeing that the market has dumped a bit then it will definitely be a wrong decision for us. There has been some dumping in the market, maybe that dumping will be bigger in that case if we buy at that time instead of waiting, but we will be affected in the beginning.
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We are all here because we want to earn money, but the mindset of getting rich quick that's why we're here can lure us to become liquidity in the market. This also means that you have a poor mindset and you are being in-controlled by your emotion which is the very thing you have to avoid when you are investing or trading in crypto. So if you feel like you have a problem with this kind of stuff, you should have to fix your mindset first and learn to manage your emotion before you start trading.
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This is not the problem, but rather saying that trading is easy and everyone can earn thousands of dollars from it without a financial background or even knowledge of the basics of trading, and when it does not work, there are trading experts who can make thousands of dollars for you.
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This is good advice, because it often happens to those who are curious about the level of difficulty of trading to make a lot of money. We all don't realize that buying and selling activities look very easy for other people, but that doesn't necessarily mean it's easy for us either. Futures trading and spot trading still require skills to be able to gain a profit in every activity. I myself have been a person who hastily made decisions and it took away my wealth in an instant. From there I began to realize that skills are still needed to be able to make a profit when trading is our focus.
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This is not the problem, but rather saying that trading is easy and everyone can earn thousands of dollars from it without a financial background or even knowledge of the basics of trading, and when it does not work, there are trading experts who can make thousands of dollars for you.
That's true , most time alot of people will just belike you buy when the price is low and sell when the price is high as easy like that, without telling The individual the risk attached in trading expecially as an individual with no proper knowledge about it , such misleading as lead alot of people to the state of being rekt.
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move.
I feel it's partly the mistake of newbies because the other half is influenced by these so-called influencers and whoever posts their success story over social media or through edited videos on YouTube or other channels where these newbies watch and see them and start building dreams in their minds because they start feeling like they can also achieve the same results shown by those people over the internet.
That being said, it's true that someone who is newly getting into the market should first do their best to gain as much knowledge as they can about everything including the market, essential trading practices, best cryptocurrencies that they will trade, and risk-management techniques.
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
I remember myself back when I was starting to learn how to trade. I thought at that time that you can get easy money with trading. Of course, I'm a newbie at that time, and I don't know that much about trading and crypto as well. As I learn everything that's related to trading, I realized that it wasn't. It wasn't a rich-quick scheme, and getting rich with trading isn't impossible, but has a low chance to happen.
Like what OP said, having more knowledge will help you in trading, but it isn't an assurance that you will be a successful in trading. There are still many things that you need to learn in order for you to become a successful trader.
so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk .
Well, if you want to gain experience, spot trading is the way especially if you're a newbie. I don't recommend futures trading to newbie traders out there because you might get traumatized because of your money getting liquidated in an instant. :D
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Without knowledge both are risky whether its spot trading or future trading therefore focus first on Knowledge instead of earning. In future and spot trading you have to think wisely as random decisions and random selection can decreases your money.
If someone wants to be profitable then spot trading should be the starting point and for it knowledge is must and at start you must need a person that is expert in trading because for guidance. Also it is necessary that don't put step with huge money but you are newbie and you will more likely loss it so be careful and don't rush towards quick success.
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so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
I have never consider future trading as means of making money, I see it as a gambling format and we all know what gambling is all about, it's a 50/50 outcome. If you want to trade, I will not even advice you to use leverage because no matter how careful you are with the set up, even with a 5x leverage can liqiodate your entire money unless you set it to isolated margin.
What every trader must learn is patience, no matter how expert you are in trading, if you don't have trading patience, you would lose because you will close your position when you are supposed to be holding and you will buy when you are supposed to be selling. If you have patience, trading will be like a normal activity for you because your loss will be minimal.
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Without knowledge both are risky whether its spot trading or future trading therefore focus first on Knowledge instead of earning. In future and spot trading you have to think wisely as random decisions and random selection can decreases your money.
If someone wants to be profitable then spot trading should be the starting point and for it knowledge is must and at start you must need a person that is expert in trading because for guidance. Also it is necessary that don't put step with huge money but you are newbie and you will more likely loss it so be careful and don't rush towards quick success.
Yeah, without any proper knowledge both spot trading and future trading are risky, I remember back then when was still new in trading , any slight drop in prices in market I will quickly sell thinking am helping myself by cutting losses . I did it for some time , till I realised that with just making little losses constantly, due to cutting losses I endup losing a huge potion of my trading funds without even knowing in my spot trading. That's why having a good Risk management is very important it would help in minimising your losses and we all know that less losses = more wins = more profit .
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I have never consider future trading as means of making money, I see it as a gambling format and we all know what gambling is all about, it's a 50/50 outcome. If you want to trade, I will not even advice you to use leverage because no matter how careful you are with the set up, even with a 5x leverage can liqiodate your entire money unless you set it to isolated margin.
In gambling, a game of 50:50 chance does not have winning chance of 50:50 because of house edge or the low odds. But do not let me divert more because this is about leveraging and not gambling. Using 1x leverage or lower than 1x is good and not that risky more than spot trading for good traders. But some people will be tempted to use more leverage and this is the reason leveraging is very risky. But if not going more than 1x or lower leverage, it will be good than using high leverage.
What every trader must learn is patience, no matter how expert you are in trading, if you don't have trading patience, you would lose because you will close your position when you are supposed to be holding and you will buy when you are supposed to be selling. If you have patience, trading will be like a normal activity for you because your loss will be minimal.
This is correct. The more a trader is not patient, the more the chances that the trader will trade and lose. And each losses will make the trader to become more impatient.
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I still believe the saying that A patient dog eat the fattest bone. If it doesn't the it's waiting for the wrong owner or not patient enough. Bitcoin, Ethereum among others are proof that holding is a steady way to accumulate profit. Yes been skilled in trading helps but do the analyst control the market? No.
I believe a skilled trader is not really one who can read chart and speculate the direction of a coin but one who can manage their risk as well their losses.
Rather than rushing, build a foundation. The stronger the foundation the higher the building can get.
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge,
Yes, indeed, we often encounter incidents like this or read about them or get them from various media that report them. In fact, we might also find people around us who have lost a lot of money from crypto trading. One of the main reasons is because their mindset indirectly expects them to become instantly rich from crypto trading.
The problem is that when we have high hopes, even though we are not really capable of carrying out the bet, it will actually backfire on us. Because we cannot balance our expectations and the reality of our abilities. Which ultimately makes us very depressed, stressed and frustrated with the reality of our trading results. Because in fact, trading is something that carries a very high risk, it may be able to give us profits, various profits, but it is not a way to get rich quickly and instantly.
so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk .
I very much agree with you. One of the basic and very important things is having good knowledge before deciding to trade. So, this knowledge can later provide us with provisions to consider and decide what we will do during trading. This is very powerful. Of course there are other factors related to risk management, emotions and also funds. But basically, knowledge about cryptocurrency and trading is very important to have first.
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so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
No dude if a person don't have proper knowledge about the trading then he should avoid investing on trading, spot trading can also be dangerous for a person if he don't have any knowledge about trading. I have also faced loss in the beginning when I Invested on spot trading on token for taking some profit. I brought up SLP coin on 0.12$ and some under 0.08$ and now it below 0.0052$.
I would like to say beginner what hope much at the starting in a short period. So if you have not knowledge about trading then you should adopt long-term strategy with bitcoin by following DCA method.
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
So true. Being rushed will only harm us. especially if we are in a rush to choose coins for investment. Sometimes we just suffer from excessive FOMO and end up buying new tokens without any prior analysis. Yes, because we are in a hurry, we are in a rush. Therefore, we must really understand how to analyze first, manage emotions and also panic. so we can be more careful and wiser when selecting the coins to invest.
following any hype coins with FOMO condition will give quite bad impact. For, we may not analyze it well, we are only in hurry or rush to invest in it as soon as possible because being afraid of left being. Actually, we really must avoid this condition. and try our best to do the analyzing and research before investing.
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
We know that such a mindset in trading is wrong. The more they think about getting rich quickly, the longer it will take for the things they think about to happen. Getting rich is something you work hard for, and it requires spending time and overcoming the struggles that can be faced to succeed in life.
So if you want to succeed in trading, a lot of hard work must be spent on that matter, and there are certain characteristics that a newbie entering trading must have to succeed, and that is what one must know.
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so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
No dude if a person don't have proper knowledge about the trading then he should avoid investing on trading, spot trading can also be dangerous for a person if he don't have any knowledge about trading. I have also faced loss in the beginning when I Invested on spot trading on token for taking some profit. I brought up SLP coin on 0.12$ and some under 0.08$ and now it below 0.0052$.
I would like to say beginner what hope much at the starting in a short period. So if you have not knowledge about trading then you should adopt long-term strategy with bitcoin by following DCA method.
Both spot trading and future trading have risks, but the difference is that spot trading has less risk in my opinion. Knowledge will always be needed in spot trading and futures trading.
We cannot just enter cryptocurrencies without knowledge. It's nothing new to see someone fail in their spot trades. Don't assume we don't have risks here.
If we have thoughts like that then it will be dangerous for ourselves.
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
Looking at the way things are turning and changing fast in the world that we live in, we can't really blame people who are eager or seem to be in a rush to make money, even from things they have no prior knowledge of, inflation is dealing with a lot of people, taking people who were once rich back to poverty levels again.
So, it's quite justifiable why it seems like a lot of people are trying to start making profit over night from things they are just starting out, or getting into, like crypto trading and so on, forgetting that it takes time and process before one is knowledgeable enough to guarantee them some level of profit when ever they enter the market.
I completely agree with you @op, trading is not for learners, and the worst thing a newbie can do is get into futures trading without first spending time to learn how to trade futures, even the future market environment is confusing as hell on most exchanges, and this is why In order not to make any mistakes that could lead to irreparable loses, a trader going into futures trading must spend alot of time, minimum of at least 6 months learning, knowledge they say is power, and without knowledge, one ls completely powerless against the futures market, a learner should limit their trading activities to the spot market alone, until they gain enough knowledge and confidence to try the futures market.
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Yeah, without any proper knowledge both spot trading and future trading are risky, I remember back then when was still new in trading , any slight drop in prices in market I will quickly sell thinking am helping myself by cutting losses . I did it for some time , till I realised that with just making little losses constantly, due to cutting losses I endup losing a huge potion of my trading funds without even knowing in my spot trading. That's why having a good Risk management is very important it would help in minimising your losses and we all know that less losses = more wins = more profit .
Due to such fear people loss money little by little and they think that they have avoid losses but I think if you hold coin for longer then you will not be in fear of loss and will find a time to sell your coin. Trader does not realize their mistakes at start and when they face huge loss them they start to regret but I think instead of regret in future learn well to not feel sorry for your decisions.
If you know that your losses are more and win are less then stop there for some time because if you does not work to eliminate the faults then it will become more risky and at the end you will have no money to put in trading to recover your lost sum.
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some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
Well said, I just have a good example to get useful lessons of how risky future trading is, especially for the newbies. As in the given thread by me, that person was an expert as he had years of experience and still, he lost all of his funds overnight. So keep in mind that if you can make good money overnight you can lose it all too. Be aware of the volatility and don't take it easy. (This is How Risky it is to trade futures - over $1, 148, 000 Lost in one night (https://www.altcoinstalks.com/index.php?topic=320403.msg1539579#msg1539579))
But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
Indeed, losing it all is better than making less money. I suggest even if you want to do future, don't use your main money that could affect your life activities, only use which you aren't afraid of losing. But overall I suggest not doing future trading with everyone. Because it's risky and almost near to gambling in unpredictable market situations.
Future is not for newbies, spot is way better than future if you know how to utilize spot, you wait for the right time to enter and to exit as well this patience increase your control on your emotions.
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So if you want to succeed in trading, a lot of hard work must be spent on that matter, and there are certain characteristics that a newbie entering trading must have to succeed, and that is what one must know.
But do you also know that some people will work hard but trading will continue to take more money from them. Trading can not be for everyone. Some people supposed to have been very rich but trading make them not rich and affecting them financially. The road to success for some people is just to be patient. Trading itself means someone is not patient. Holders are the patient people.
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Trading is not a get rich quick scheme. Trading can even be a get poorer scheme for any body who doesn't have the knowledge of trading and just jump straight up into trading. Even those who have years of experience in trading usually experience losses and sometimes their loss is usually significant. So, if experienced traders can face losses, that means newbies will even loss more than those who more experienced than them. Trading is not something that anyone should forcefully rush into without first learning how to trade.
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
Fear and Impatience contribute to this why some new traders sometimes either win little or fail in trades. Some would think maybe of I try this out with the opportunity market is giving lately, I might hit the jackpot. And if you check 20% of newbies they fall on this category. They feel they might be missing out winning it using Demo.
At least is good to know there's something like Dual Investment. With a low risk implemented in it, I think the majority of newbies could be more focused on using a demo to learn how to trade
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Trading is not a get rich quick scheme. Trading can even be a get poorer scheme for any body who doesn't have the knowledge of trading and just jump straight up into trading. Even those who have years of experience in trading usually experience losses and sometimes their loss is usually significant. So, if experienced traders can face losses, that means newbies will even loss more than those who more experienced than them. Trading is not something that anyone should forcefully rush into without first learning how to trade.
I think trading should be considered as a course, just like other programming courses that we have. It certainly requires a step-by-step approach to mastering all the fundamentals that might be necessary. Due to greed and ignorance, newcomers choose to skip these fundamentals, or sometimes take a few lessons before jumping into it. They fail to realize that the activities of the market are far beyond their level, which would certainly put their investment at risk. There are other ways to make money, for which trading should not be an option for those with less interest. If someone happens to have interest, then he/she needs to follow the right path by learning what's needed.
Learning sometimes might not be enough, because even those with greater knowledge make losses, just as you've stated. The ability to control one's emotions and keep pushing might have a great say in how long someone would last in the trading sector. How well a new trader reacts to negative results matters a lot. Life is never a win-win situation.
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some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
A new trader who is learning under someone who trades futures and fails to inform this new trader that futures is not for beginners may find themself being tempted to start trading futures first. And because of the many losses that these new trader will record in the market they may become discouraged and may decide to quit their trading. New traders should first try to master spot trading before advancing to futures, milk to bone! not the other way around.
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some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
A new trader who is learning under someone who trades futures and fails to inform this new trader that futures is not for beginners may find themself being tempted to start trading futures first. And because of the many losses that these new trader will record in the market they may become discouraged and may decide to quit their trading. New traders should first try to master spot trading before advancing to futures, milk to bone! not the other way around.
Exactly, trading is one of the beautiful means in earning in this cryptocurrencies space . But can still be other for individual to lose their hard earned money if it being approached wrongly. Though trading is not actually easy one need to be determined and consistent with it inorder to be successful in trading, but most people normally approach it wrongly with the sole aim of wanting to make quick money which may lead to making rash decisions that may lead them losing it all. So is better to take your time learn while you earn , because small profits with minimise losses is better than big profit and uncontrollable losses.
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To be fair, while you could take your time, you should also be careful with what you are doing as well. I personally believe that the best thing to do right now would be just making sure that you are not too slow as well. I understand that while you could prefer not being too quick, because if you rush into trading and make a wrong trade that would be a mistake as well, but you also can't take your time forever and not make any trades neither, because you would miss your chance in that situation as well. This is why I believe that you should be careful, find that right balance and you will do fine.
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Trading is not a get rich quick scheme. Trading can even be a get poorer scheme for any body who doesn't have the knowledge of trading and just jump straight up into trading. Even those who have years of experience in trading usually experience losses and sometimes their loss is usually significant. So, if experienced traders can face losses, that means newbies will even loss more than those who more experienced than them. Trading is not something that anyone should forcefully rush into without first learning how to trade.
If someone does not understand such facts then he should not start trading because such people cannot get victory in trading who want to become millionaires in a day.
A complete way of accepting strategies is needed to become a successful traders like first of all you will learn about trading, it's harmful effect and solutions for it, then try to get knowledge about how to choose coin for trading and which qualities of coin should be preferred, then initiate with little amount and if unfortunately you don't win in getting profit then don't chase it but try to get the reason of losing and stop trading for some time to start again with more knowledge.
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To be fair, while you could take your time, you should also be careful with what you are doing as well. I personally believe that the best thing to do right now would be just making sure that you are not too slow as well. I understand that while you could prefer not being too quick, because if you rush into trading and make a wrong trade that would be a mistake as well, but you also can't take your time forever and not make any trades neither, because you would miss your chance in that situation as well. This is why I believe that you should be careful, find that right balance and you will do fine.
That's right, it's better for us to wait until a bear market occurs because if we enter at a cryptocurrency price that is having a fairly high price increase, it will have the potential to get us trapped at high prices.
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Being in accordance with the timing of trading as well as a detailed analysis of the actual purchase of one of the coins is necessary for the time to come. Watching the profits unfold in the long run is literally good thinking, there's nothing wrong with that.
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Well trading requires knowledge and skill. At first it is important to acquire knowledge. Some newbie tràders jump into trading without any prior knowledge. The main purpose is to get rich quickly. Seeing others some even go for futures tràding, they end up losing all their funds eventually. So one should not rush into trading.
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You know there is no need to rush things especially if you are entering the crypto trading business industry. Because it is a combination of our mind and determination.
It's not an easy lesson, but if you're serious about it, there are things you'll face that can be a challenge for anyone and it can also be not and it depends on the individual to study it well and correctly.
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This is the most common mistake of traders that trading is a plan to get rich quick, due to some few cases that happened by chance to some traders through a coin rising tens of times.
This does not happen constantly, and trading is not just a stroke of luck. It requires learning, knowledge, a lot of work and patience, especially futures trading, which requires great knowledge and has high risks.
I always advise beginners to learn demo trading, then start with a little capital in spot trading and avoid future trading as much as possible.
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Well trading requires knowledge and skill. At first it is important to acquire knowledge. Some newbie tràders jump into trading without any prior knowledge. The main purpose is to get rich quickly. Seeing others some even go for futures tràding, they end up losing all their funds eventually. So one should not rush into trading.
Newbies and new traders getting into futures trading has become the new norm. The reason behind that is simple, they see people over the internet sharing their success stories earning a lot of money through futures trading and when newbies see these stories, they start building skyscrapers in the air, thinking they can achieve the same level of success but they don't understand everything they need to.
People sharing their success stories mostly forget to warn others about the risks involved which is the reason why newbies think it is easy to earn money from trading and specifically from futures trading since it tends to have the potential to provide greater profit in less time.
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Newbies and new traders getting into futures trading has become the new norm. The reason behind that is simple, they see people over the internet sharing their success stories earning a lot of money through futures trading and when newbies see these stories, they start building skyscrapers in the air, thinking they can achieve the same level of success but they don't understand everything they need to.
People sharing their success stories mostly forget to warn others about the risks involved which is the reason why newbies think it is easy to earn money from trading and specifically from futures trading since it tends to have the potential to provide greater profit in less time.
That's right and it's a fact... only 1 in 100 people share their tricks for optimal futures trading. some of them simply share their success stories in the hope of perhaps attracting the attention of others. You also need to know that careful calculations are needed in order to get high profits as shared by many people on social media.
Long and short positions look simple, but determining leverage and entry time greatly influences the results. There are even several other analyzes that make it complicated. Even a professional has had his assets liquidated due to a miscalculation.
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That's right and it's a fact... only 1 in 100 people share their tricks for optimal futures trading. some of them simply share their success stories in the hope of perhaps attracting the attention of others. You also need to know that careful calculations are needed in order to get high profits as shared by many people on social media.
Long and short positions look simple, but determining leverage and entry time greatly influences the results. There are even several other analyzes that make it complicated. Even a professional has had his assets liquidated due to a miscalculation.
Honestly, there are no tricks in trading all strategies can be found on Youtube just don't follow those fake gurus because most of the fake gurus guide you in the wrong way to trade.
In my experience every strategies that I found in youtube I applied them all and most of them do not work in crypto trading the only works for me is the basic method finding support and resistance and checking the trend from high time frame which result in a good profit.
For futures even if you have a risk management of 1% to 3% for every trade take note also of those who seek or who hunt stop-loss because I noticed this in my trading experience recently if I am not confident to the position that I made I set a stop loss of around 1% but before the price goes to my prediction it will hit the stop-loss first before it continue to the price you predicted to based in your analysis.
And yes about the leverage you need to calculate this also be careful on cross because it can take your entire account liquidated I learn from many mistakes and now I switch to isolated because I am now confident on my analysis that is why I stop using the 1% management risk you should have another way to manage this risk is by going to isolated it is way better now on my analysis for almost 2 months of straight trading daily intraday is one of the difficult way to make a profit daily.
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You are ansolutely right. Trading requires patience, knowledge, and risk management - not a get-rich-quick mindset. Start with spot trading and build skills gradually. Leveraging is more risky and requires high level skills most time. I started leverage with Bitget copy trading which I still use at times.
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This is the most common mistake of traders that trading is a plan to get rich quick, due to some few cases that happened by chance to some traders through a coin rising tens of times.
This does not happen constantly, and trading is not just a stroke of luck. It requires learning, knowledge, a lot of work and patience, especially futures trading, which requires great knowledge and has high risks.
I always advise beginners to learn demo trading, then start with a little capital in spot trading and avoid future trading as much as possible.
Trading is not about making us rich in a short time, in fact trading if done in the wrong way will cause us to experience financial problems in the end.
Actually, there is no way that we can get rich quickly, so I am a little surprised when there are people who think that by trading they will be able to get rich in a short time.
Trading is not as easy as it seems, we are required to have in-depth knowledge about what we are doing, in this case trading.,
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You are ansolutely right. Trading requires patience, knowledge, and risk management - not a get-rich-quick mindset. Start with spot trading and build skills gradually. Leveraging is more risky and requires high level skills most time. I started leverage with Bitget copy trading which I still use at times.
I hope that all traders can be aware of the risks in the crypto market, especially with Future, and be willing to get rich slowly. Rushing into trading without enough knowledge and experience often leads to losses and leaves traders with no chance to rectify their mistakes when they no longer have the capital to continue trading.
Capital and psychology management + placing stop-loss orders + continuously improving trading skills + learning market are things that traders will need to do throughout their trading career. The crypto market is not a casino for gamblers to seek luck. Trading is a profession that requires knowledge and artistry!
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You are ansolutely right. Trading requires patience, knowledge, and risk management - not a get-rich-quick mindset. Start with spot trading and build skills gradually. Leveraging is more risky and requires high level skills most time. I started leverage with Bitget copy trading which I still use at times.
Trading is not a 100 meter race where the faster you run the better your chances of winning. Trading is about buying and selling the right coins at the right time with the right amount of patience and maximum financial risk. Now I started trading and by starting trading I thought that I will get rich quickly in a short period of time but we focused on trading with a wrong plan. If we can trade with right strategy and right method then surely we will get profit only there is no need to lose our money by trading in wrong way in haste. Every new trader needs to study enough about the business first and also have the skills to trade in the right coin, sell it at the right time and buy it at the right time only then he can get success from trading.
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Once it enters the mind of a trader in this field that they can get rich trading in a short period of time, it is clear that they are in the wrong mindset as a trader in the crypto space. There is a proper process that goes through here so that you get an understanding of trading.
It takes determination and the willingness to learn, no matter how hard it is, to achieve what is sought to be obtained here. Once you have knowledge, you will surely have the opportunity to read and analyze where the price of the coin you are holding may go. Just be patient.
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Trading is not about making us rich in a short time, in fact trading if done in the wrong way will cause us to experience financial problems in the end.
Actually, there is no way that we can get rich quickly, so I am a little surprised when there are people who think that by trading they will be able to get rich in a short time.
Trading is not as easy as it seems, we are required to have in-depth knowledge about what we are doing, in this case trading.,
This is the point which everyone cannot understand and rushes towards the success through trading but they don't know that trading is also very risky and as it gives you profit then it can also create negative situations through which you will lose.
We cannot get rich immediately and if we want immediate richness then for it we will not use our talent but we will use our greed which should be forbidden in every step of life. Sometimes traders learn after the first trade and they start to think that trading is quick rich technology but during every trade it does not happen.
Trading is not easy but is assumed to be an easy field by most of the people as one has not worked hard for it and due to this wrong concept they also do not give time to learning and lose everything due to the carelessness.
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Trading is not about making us rich in a short time, in fact trading if done in the wrong way will cause us to experience financial problems in the end.
Actually, there is no way that we can get rich quickly, so I am a little surprised when there are people who think that by trading they will be able to get rich in a short time.
Trading is not as easy as it seems, we are required to have in-depth knowledge about what we are doing, in this case trading.,
This is the point which everyone cannot understand and rushes towards the success through trading but they don't know that trading is also very risky and as it gives you profit then it can also create negative situations through which you will lose.
We cannot get rich immediately and if we want immediate richness then for it we will not use our talent but we will use our greed which should be forbidden in every step of life. Sometimes traders learn after the first trade and they start to think that trading is quick rich technology but during every trade it does not happen.
Trading is not easy but is assumed to be an easy field by most of the people as one has not worked hard for it and due to this wrong concept they also do not give time to learning and lose everything due to the carelessness.
Well, maybe that's what differentiates trading from other jobs. We may just sit quietly while looking at the monitor, but our brains will work hard to be able to analyze the market well.
This is not just a job description that we already know what we have to do, but this is something that requires us to be able to predict what will happen in the future with the market movements we are seeing. And there are also many factors that we have to study, which factors can influence price movements.
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You are ansolutely right. Trading requires patience, knowledge, and risk management - not a get-rich-quick mindset. Start with spot trading and build skills gradually. Leveraging is more risky and requires high level skills most time. I started leverage with Bitget copy trading which I still use at times.
Trading requires being able to control your patience and of course you have to be able to manage your finances and still understand the risks involved, because we don't know whether in the future the money we use for trading will still be there or not. I prefer to do traditional trading rather than having to do leverage trading like you do because the risk is too big for a new trader like me.
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Trading requires being able to control your patience and of course you have to be able to manage your finances and still understand the risks involved, because we don't know whether in the future the money we use for trading will still be there or not. I prefer to do traditional trading rather than having to do leverage trading like you do because the risk is too big for a new trader like me.
You forget that luck also plays a big role in making your trading always win. We can indeed learn some knowledge about trading such as technical analysis, fundamentals and so on, but if you are lucky then you will win... Meanwhile, if you are unlucky, you may lose or only win a small amount. .
Learning or knowledge does increase our chances of winning, so we still can't depend on luck alone. unless you gamble on it.
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Well, maybe that's what differentiates trading from other jobs. We may just sit quietly while looking at the monitor, but our brains will work hard to be able to analyze the market well.
This is not just a job description that we already know what we have to do, but this is something that requires us to be able to predict what will happen in the future with the market movements we are seeing. And there are also many factors that we have to study, which factors can influence price movements.
Jobs and trading are very much different from each other because in trading we may lose but in a job we will get salary either we work less or more because regular jobs will give us regular payment. In trading we must focus on the market price and if we are not feeling well then we will not be able to analyze the market hence we will be unable to earn.
In trading you will be engaged in earning as well as learning while in case of a job you learn once and then utilize the same strategies for earning until you are doing a job but in trading you will use different strategies because the crypto market does not maintain its single statue all the time.
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Well, maybe that's what differentiates trading from other jobs. We may just sit quietly while looking at the monitor, but our brains will work hard to be able to analyze the market well.
This is not just a job description that we already know what we have to do, but this is something that requires us to be able to predict what will happen in the future with the market movements we are seeing. And there are also many factors that we have to study, which factors can influence price movements.
Jobs and trading are very much different from each other because in trading we may lose but in a job we will get salary either we work less or more because regular jobs will give us regular payment. In trading we must focus on the market price and if we are not feeling well then we will not be able to analyze the market hence we will be unable to earn.
In trading you will be engaged in earning as well as learning while in case of a job you learn once and then utilize the same strategies for earning until you are doing a job but in trading you will use different strategies because the crypto market does not maintain its single statue all the time.
Yes, you are right, work is a certain thing, because every month we will definitely get a salary that has been determined based on the work we do. We don't have to worry about what we should do next, because the job description has become our daily activity.
However, trading depends on ourselves, whether we will win or lose depends on our analysis of the market. But the difference is that our time will probably be more flexible than a real job.
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
There are many here and I have seen many people who jump into trading with little knowledge not only do they jump into spot trading they also go ahead with futures trading. They think that trading is a means of making quick money. They find trading very easy and participate in futures trading platforms as a result of which they lose their money very quickly and return home penniless. Everything the OP says here is correct. I never consider this trading platform as a way to make money fast I always think it is very difficult to make money from trading platform. Also I will never join any futures trading platform for trading because I find futures trading platforms very scary. I always feel that the futures trading platform can swallow my money anytime. Even though I have incurred many losses in spot trading, I hope to recover.
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However, trading depends on ourselves, whether we will win or lose depends on our analysis of the market. But the difference is that our time will probably be more flexible than a real job.
And also depends on how the strategy used and their mentality in trading.
Sometimes people who are new to the world of trading are confident at the beginning, but when they encounter some difficulties and it turns out that the price prediction is not what they want, their psychology will slowly be quite disturbed, and they will be more likely to panic when the price continues to fall.
Work as a trader is indeed more flexible and can be done anytime and anywhere, but related to the risk this will depend on how everyone learns it.
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Trading requires being able to control your patience and of course you have to be able to manage your finances and still understand the risks involved, because we don't know whether in the future the money we use for trading will still be there or not. I prefer to do traditional trading rather than having to do leverage trading like you do because the risk is too big for a new trader like me.
You forget that luck also plays a big role in making your trading always win. We can indeed learn some knowledge about trading such as technical analysis, fundamentals and so on, but if you are lucky then you will win... Meanwhile, if you are unlucky, you may lose or only win a small amount. .
Learning or knowledge does increase our chances of winning, so we still can't depend on luck alone. unless you gamble on it.
That's right, there are many trading theories that we can learn well. With the knowledge we learn, it can help us to determine where cryptocurrency prices will move. But this cannot be used as a benchmark. So far, cryptocurrency price movements on exchanges are very difficult to predict. predict correctly.
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It is definitely not that easy to predict, it takes time to make it work and I believe that we are going to end up with something that will challenge the whole market before we get to be calmer. I mean the reality is that we can't make it work any other way, a lot of people think that we could make some money off this, but the truth is that as long as the market doesn't calm down, we can't. I believe that we are going to go up, a lot higher, but that will not be anytime soon, the best we can see in short term would be 70k at best, but long term we could see 100k+ easily, and that bull run hasn't started just yet.
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It is definitely not that easy to predict, it takes time to make it work and I believe that we are going to end up with something that will challenge the whole market before we get to be calmer. I mean the reality is that we can't make it work any other way, a lot of people think that we could make some money off this, but the truth is that as long as the market doesn't calm down, we can't. I believe that we are going to go up, a lot higher, but that will not be anytime soon, the best we can see in short term would be 70k at best, but long term we could see 100k+ easily, and that bull run hasn't started just yet.
On the moment that you would become that confident then you are really that prone into those possible or potential loses which might be that more severe in compared into those individuals who would really be taking up some precautions on the time that they do s tart up on trading. We do know that dealing up with this market isnt something that will really be so simple on where
you would really be having that kind of consideration on which you would be needing up to be versatile or be wary on whats happening around. Dont make yourself that be in a rush on making profits because when desperation kicks in then this is the hardest part that you would really be needing up to control.
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Yes, you are right, work is a certain thing, because every month we will definitely get a salary that has been determined based on the work we do. We don't have to worry about what we should do next, because the job description has become our daily activity.
However, trading depends on ourselves, whether we will win or lose depends on our analysis of the market. But the difference is that our time will probably be more flexible than a real job.
In trading we use extra energy and use our mental power to make decisions while doing a job we use our physical power to make certain tasks but still with greater hard work in trading it is not guaranteed that we will earn from it while with little struggles in the job we must get our salary on time.
Trading does not always depend on us because sometimes our selection is right and also we buy at the right price but the market does not co-operate so we lose money therefore don't think that we lose in trading due to our mistakes always.
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Trading does not always depend on us because sometimes our selection is right and also we buy at the right price but the market does not co-operate so we lose money therefore don't think that we lose in trading due to our mistakes always.
Yeah. Trading is more of a psychological and mental work and mistakes can actually occur and lead to losses, but that doesn't mean that the only thing that causes losses are mistakes, because one cannot always accurately predict the market, things can often go sideways and result to losses even when you apply extreme caution and carefulness in implementing our trading strategies.
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In trading we use extra energy and use our mental power to make decisions while doing a job we use our physical power to make certain tasks but still with greater hard work in trading it is not guaranteed that we will earn from it while with little struggles in the job we must get our salary on time.
Both energy and mentality are needed in investment, it is not for trading only. There are no guarantee for the profits both in trading and investment. This is the fundamental matter in crypto business, there is no certainty of the success. And we don't forget that we must take the risks, too. People must think about these first before they start to trade or invest the money.
Trading does not always depend on us because sometimes our selection is right and also we buy at the right price but the market does not co-operate so we lose money therefore don't think that we lose in trading due to our mistakes always.
The market trend always changes, that's why we must update the information and must analyze the potential of the changes. If we are trading certain coins, we must understand how long the coins to have good trends. If it looks like to have bad trends, we must decide to exit as long as possible. So, we can secure the funds!
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Trading is not a get rich quick scheme. Trading can even be a get poorer scheme for any body who doesn't have the knowledge of trading and just jump straight up into trading. Even those who have years of experience in trading usually experience losses and sometimes their loss is usually significant. So, if experienced traders can face losses, that means newbies will even loss more than those who more experienced than them. Trading is not something that anyone should forcefully rush into without first learning how to trade.
I think trading should be considered as a course, just like other programming courses that we have. It certainly requires a step-by-step approach to mastering all the fundamentals that might be necessary. Due to greed and ignorance, newcomers choose to skip these fundamentals, or sometimes take a few lessons before jumping into it. They fail to realize that the activities of the market are far beyond their level, which would certainly put their investment at risk. There are other ways to make money, for which trading should not be an option for those with less interest. If someone happens to have interest, then he/she needs to follow the right path by learning what's needed.
I believe there are online and offline basic and intermediate trading courses that aids beginners and traders to study and master the art of trading. Trading is an art and have tools and materials that helps you master the art but the problem is that most beginners come into the trading industry with a very big misconception of what trading is all about and then they fail to first acquire the necessary information and knowledge required, and they end up gambling with their finance and when they incur losses, they leave with the impression that crypto trading is scam.
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Usually people who rush into crypto trading are beginners, or indeed these people already have an impatient character. Getting big profits in crypto trading requires a long process, and experience in crypto trading is really needed to make it happen.
So actually it's not true if someone says crypto trading is a quick way to get rich, without knowledge and experience we won't easily make this happen.
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Yes, you are right, work is a certain thing, because every month we will definitely get a salary that has been determined based on the work we do. We don't have to worry about what we should do next, because the job description has become our daily activity.
However, trading depends on ourselves, whether we will win or lose depends on our analysis of the market. But the difference is that our time will probably be more flexible than a real job.
In trading we use extra energy and use our mental power to make decisions while doing a job we use our physical power to make certain tasks but still with greater hard work in trading it is not guaranteed that we will earn from it while with little struggles in the job we must get our salary on time.
Trading does not always depend on us because sometimes our selection is right and also we buy at the right price but the market does not co-operate so we lose money therefore don't think that we lose in trading due to our mistakes always.
Well, this is also what makes the difference, when we work physically we will move more, especially if we take into account the time from when we go to work, until we go home after finishing work. However, in trading we don't do that much physical activity, we can even do it in the bedroom.
However, our brains will work extra, how do we analyze a market and we even have to analyze fundamentals which will later influence price movements.
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Trading requires being able to control your patience and of course you have to be able to manage your finances and still understand the risks involved, because we don't know whether in the future the money we use for trading will still be there or not. I prefer to do traditional trading rather than having to do leverage trading like you do because the risk is too big for a new trader like me.
You forget that luck also plays a big role in making your trading always win. We can indeed learn some knowledge about trading such as technical analysis, fundamentals and so on, but if you are lucky then you will win... Meanwhile, if you are unlucky, you may lose or only win a small amount. .
Learning or knowledge does increase our chances of winning, so we still can't depend on luck alone. unless you gamble on it.
That's right, there are many trading theories that we can learn well. With the knowledge we learn, it can help us to determine where cryptocurrency prices will move. But this cannot be used as a benchmark. So far, cryptocurrency price movements on exchanges are very difficult to predict. predict correctly.
That is the reason we conduct analysis, observe and make predictions about the coins we will use for trading. Because crypto is unpredictable, we must have good experience and knowledge in looking at charts and of course reading daily volume movements of the coin
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Trading requires being able to control your patience and of course you have to be able to manage your finances and still understand the risks involved, because we don't know whether in the future the money we use for trading will still be there or not. I prefer to do traditional trading rather than having to do leverage trading like you do because the risk is too big for a new trader like me.
You forget that luck also plays a big role in making your trading always win. We can indeed learn some knowledge about trading such as technical analysis, fundamentals and so on, but if you are lucky then you will win... Meanwhile, if you are unlucky, you may lose or only win a small amount. .
Learning or knowledge does increase our chances of winning, so we still can't depend on luck alone. unless you gamble on it.
That's right, there are many trading theories that we can learn well. With the knowledge we learn, it can help us to determine where cryptocurrency prices will move. But this cannot be used as a benchmark. So far, cryptocurrency price movements on exchanges are very difficult to predict. predict correctly.
That is the reason we conduct analysis, observe and make predictions about the coins we will use for trading. Because crypto is unpredictable, we must have good experience and knowledge in looking at charts and of course reading daily volume movements of the coin
Also make sure that the predictions we make are correct with price movements in the market. So far many have tried to predict price movements in the market but in reality something is not true. This shows that when we try to predict cryptocurrency price movements, the fact is that in the market there will be a possibility that the results will be different.
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Usually people who rush into crypto trading are beginners, or indeed these people already have an impatient character. Getting big profits in crypto trading requires a long process, and experience in crypto trading is really needed to make it happen.
So actually it's not true if someone says crypto trading is a quick way to get rich, without knowledge and experience we won't easily make this happen.
Indeed. They are the beginners who want to succeed instantly. They may be motivated from the success of top investors or traders. Unfortunately, they don't understand it won't be as easy as they think. To succeed in trading or investing, it requires good knowledge and strong mentality. It also needs to take a long process, this will give us a lot experience. After we got experiences and have enough knowledge, we may have a chance to succeed. Sometimes, it needs for years to be successful in trading. So, this is what beginners don't know, they are rush because they think it will be so easy.
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To succeed in trading or investing, it requires good knowledge and strong mentality. It also needs to take a long process, this will give us a lot experience. After we got experiences and have enough knowledge, we may have a chance to succeed. Sometimes, it needs for years to be successful in trading. So, this is what beginners don't know, they are rush because they think it will be so easy.
Many beginners think so, even as if trading is easy, just buy cheap and sell at expensive prices.
But in fact it is not that simple, there are many obstacles that will occur, one of which is knowledge about how to analyze the market and untrained mentality.
Untrained and inexperienced metals will be more prone to panic when the crypto market plummets, and at this point the mentality will be greatly affected. It only occurred to me to sell it quickly as the price continued to fall.
People who learn years about trading will also not be a guarantee they will understand and be smart in trading.
It is also about how they learn, know management and how they should control their emotions while trading.
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Usually people who rush into crypto trading are beginners, or indeed these people already have an impatient character. Getting big profits in crypto trading requires a long process, and experience in crypto trading is really needed to make it happen.
So actually it's not true if someone says crypto trading is a quick way to get rich, without knowledge and experience we won't easily make this happen.
Indeed. They are the beginners who want to succeed instantly. They may be motivated from the success of top investors or traders. Unfortunately, they don't understand it won't be as easy as they think. To succeed in trading or investing, it requires good knowledge and strong mentality. It also needs to take a long process, this will give us a lot experience. After we got experiences and have enough knowledge, we may have a chance to succeed. Sometimes, it needs for years to be successful in trading. So, this is what beginners don't know, they are rush because they think it will be so easy.
A very common newbie approach on which it isnt really just that limited on trading but also in other things as well on which it would really be involving out money making or earning on which
they would really be doing it as much as they could and as fast as they can because they do really believe that it was really just that easy but in the end when they do able to step their foot
into this space then those mistakes will really be the best teacher would really be teaching them that this isnt something that so simple that they could deal on with.
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Trading does not always depend on us because sometimes our selection is right and also we buy at the right price but the market does not co-operate so we lose money therefore don't think that we lose in trading due to our mistakes always.
Yeah. Trading is more of a psychological and mental work and mistakes can actually occur and lead to losses, but that doesn't mean that the only thing that causes losses are mistakes, because one cannot always accurately predict the market, things can often go sideways and result to losses even when you apply extreme caution and carefulness in implementing our trading strategies.
Before trading we must be very cool mentally and we must be careful in advance that we never trade out of excitement. If we are mentally depressed, the decisions we make in trading will never go in our favor, and those decisions are more likely to go against us. So of course the pre-condition for trading is that you have to be mentally strong first and also you have to make decisions about these things without thinking, only then the results can be favorable.
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Well, this is also what makes the difference, when we work physically we will move more, especially if we take into account the time from when we go to work, until we go home after finishing work. However, in trading we don't do that much physical activity, we can even do it in the bedroom.
However, our brains will work extra, how do we analyze a market and we even have to analyze fundamentals which will later influence price movements.
Actually using your brain needs more energy than using your body therefore if you are trading by sitting at a bed then it requires more concentration then doing a work with your hands.
For trading we use our mentality more than our physical activity therefore our profit and loss are totally dependent on us because for the work where mental energy is used has little chances of losing.
Everyone does not work properly by using their mind and they are copying others therefore their winning percentage is not as much higher.
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Well, this is also what makes the difference, when we work physically we will move more, especially if we take into account the time from when we go to work, until we go home after finishing work. However, in trading we don't do that much physical activity, we can even do it in the bedroom.
However, our brains will work extra, how do we analyze a market and we even have to analyze fundamentals which will later influence price movements.
Actually using your brain needs more energy than using your body therefore if you are trading by sitting at a bed then it requires more concentration then doing a work with your hands.
For trading we use our mentality more than our physical activity therefore our profit and loss are totally dependent on us because for the work where mental energy is used has little chances of losing.
Everyone does not work properly by using their mind and they are copying others therefore their winning percentage is not as much higher.
Yes, of course working using the brain requires us to have high concentration, and we also have to be mentally strong. Because if we don't, we will probably become stressed because we have to use our brains continuously.
A calm mind is also really needed when we trade, because if our mind is not calm then it will really affect our analysis and it will become chaotic. We must be able to make the atmosphere as comfortable as possible before trading.
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Yes, of course working using the brain requires us to have high concentration, and we also have to be mentally strong. Because if we don't, we will probably become stressed because we have to use our brains continuously.
A calm mind is also really needed when we trade, because if our mind is not calm then it will really affect our analysis and it will become chaotic. We must be able to make the atmosphere as comfortable as possible before trading.
If you have knowledge then using your mental thoughts will not require more energy but if you don't know about your desire field then the power of thinking will not work accurately. Physical activity does not need concentration so you can do any physical activity without concentrating on it but making a decision will need focusing on the exact planning without doing any other activity.
Calm mind means here that a person should not decide aggressively because only patience and calm mind can makes you able to decide accurately and if someone has calm mind then they will not regret for their act because all they do needs time and they decide after thinking completely about current situations and future outcome.
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Many beginners think so, even as if trading is easy, just buy cheap and sell at expensive prices.
But in fact it is not that simple, there are many obstacles that will occur, one of which is knowledge about how to analyze the market and untrained mentality.
Indeed. It is not as simple as the newbies think.
Even if it is easy in theory, it is sometimes difficult in implementation.
Those newbies who have luck of knowledge and experiences, they don't know how to do it properly.
Untrained and inexperienced metals mental will be more prone to panic when the crypto market plummets, and at this point the mentality will be greatly affected. It only occurred to me to sell it quickly as the price continued to fall.
Of course, when they have no experience and lack of knowledge, they will have weak mentality. That's why many newbies easily panic when they see a dump in the prices. And they are too greedy when they see the prices easily grow up.
People who learn years about trading will also not be a guarantee they will understand and be smart in trading.
It is also about how they learn, know management and how they should control their emotions while trading.
Even if there is no guarantee, but they will have a higher chance to succeed. Having knowledge is a key to succeed, we can't rely on the luck in trading. Another factor is surely about the mentality, that's why we need to have experiences. With more experiences, it is expected to strengthen out mentality.
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It is definitely not that easy to predict, it takes time to make it work and I believe that we are going to end up with something that will challenge the whole market before we get to be calmer. I mean the reality is that we can't make it work any other way, a lot of people think that we could make some money off this, but the truth is that as long as the market doesn't calm down, we can't. I believe that we are going to go up, a lot higher, but that will not be anytime soon, the best we can see in short term would be 70k at best, but long term we could see 100k+ easily, and that bull run hasn't started just yet.
- It's hard to read the movement in the market; if the veterans or experts are still mistaking their technical and fundamental analysis on the trading chart, how about people like me who are not like them yet? That's why the key to the safest things that other traders do is long-term and DCA most of the time.
Just don't let the uncontrollable emotions that are called because they really could wreck our assets in the end if we neglect them. If we are late in raising the price, that's all we can do and wait for the correction, that's all.
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Yes, of course working using the brain requires us to have high concentration, and we also have to be mentally strong. Because if we don't, we will probably become stressed because we have to use our brains continuously.
A calm mind is also really needed when we trade, because if our mind is not calm then it will really affect our analysis and it will become chaotic. We must be able to make the atmosphere as comfortable as possible before trading.
If you have knowledge then using your mental thoughts will not require more energy but if you don't know about your desire field then the power of thinking will not work accurately. Physical activity does not need concentration so you can do any physical activity without concentrating on it but making a decision will need focusing on the exact planning without doing any other activity.
Calm mind means here that a person should not decide aggressively because only patience and calm mind can makes you able to decide accurately and if someone has calm mind then they will not regret for their act because all they do needs time and they decide after thinking completely about current situations and future outcome.
Of course, when making decisions we are required to be calm and not rush. Indeed, we are required to make decisions quickly, but being quick doesn't mean being hasty, we have to understand the basic principles that will prevent us from regretting it later.
When we see an opportunity, we must first analyze whether the opportunity is for the long term, or just for a moment, which means there is price rejection, for example. So we have to understand all that.
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Yes, of course working using the brain requires us to have high concentration, and we also have to be mentally strong. Because if we don't, we will probably become stressed because we have to use our brains continuously.
A calm mind is also really needed when we trade, because if our mind is not calm then it will really affect our analysis and it will become chaotic. We must be able to make the atmosphere as comfortable as possible before trading.
If you have knowledge then using your mental thoughts will not require more energy but if you don't know about your desire field then the power of thinking will not work accurately. Physical activity does not need concentration so you can do any physical activity without concentrating on it but making a decision will need focusing on the exact planning without doing any other activity.
Calm mind means here that a person should not decide aggressively because only patience and calm mind can makes you able to decide accurately and if someone has calm mind then they will not regret for their act because all they do needs time and they decide after thinking completely about current situations and future outcome.
Of course, when making decisions we are required to be calm and not rush. Indeed, we are required to make decisions quickly, but being quick doesn't mean being hasty, we have to understand the basic principles that will prevent us from regretting it later.
When we see an opportunity, we must first analyze whether the opportunity is for the long term, or just for a moment, which means there is price rejection, for example. So we have to understand all that.
Everything is too much would really be always bad but its true that we should really be quick on our decisions but not on the sense that it would really be that too quick but forgetting something on which we know that it isnt really that recommended. This isnt really just that applicable on online investment or dealings but also in other aspects in life on which you would really be needing to think up carefully on the decisions be made. You should really know about the risk:reward ratio as always or simply about the things that it is really connected or could possibly happen.
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- It's hard to read the movement in the market; if the veterans or experts are still mistaking their technical and fundamental analysis on the trading chart, how about people like me who are not like them yet? That's why the key to the safest things that other traders do is long-term and DCA most of the time.
What movement? :-\
If you mean the trends on the market, it will always change.
However, we can predict the change by analyzing some factors. We can analyze chart patterns and current news/issues at least. By analyzing these factors, we can understand what probably will happen or what trends possibly comes in the near future. I think it is common knowledge that every investor/trader should have. Yes, most people mostly know them with the term of technical and fundamental analysis.
Regarding DCA, it is another matter. We know this is one of the strategies in collecting more coins in a long term investment. If we have no much funds, we can do DCA to gain our assets gradually. Many people use this strategy due to the effectiveness in gaining assets although having limited funds only.
Read below why it is good to use DCA:
- https://uncommoncentsinvesting.com/financial-planning/10-benefits-of-dollar-cost-averaging/
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People are mainly worried because we are seeing the price change a lot more often these days. Considering we are also beyond the halving now, most people are thinking that we are going to see bitcoin skyrocketing, because the bull runs usually happens after the halving so we are near those times. Which is why a lot of people are in a rush, some even took out a loan at some point when we reached all time high a few months ago, and that's a risky move that did not pay out very well so far. Basically, its the historical data that shows what may happen, and that makes some people rush into decisions.
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
Hmm, there's no doubt that this mindset is not going anywhere anytime, Becasue those who work from 9 to 5 and work hard to earn their livings when they hear about someone making millions by sitting in front of his home desk on his own time and mood they get impressed by the dream of this million is fed by the crypto social media influencers who are doing this for the sake of their own earnings, to attract more people and make them buy their course.
TBH, trading is not something a common person thinks I'm not saying it for chosen ones but not anyone can jump in and make money from it just like a piece of cake, it test personality, temperament, discipline skills, and luck as well.
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People are mainly worried because we are seeing the price change a lot more often these days. Considering we are also beyond the halving now, most people are thinking that we are going to see bitcoin skyrocketing, because the bull runs usually happens after the halving so we are near those times. Which is why a lot of people are in a rush, some even took out a loan at some point when we reached all time high a few months ago, and that's a risky move that did not pay out very well so far. Basically, its the historical data that shows what may happen, and that makes some people rush into decisions.
We should wait patiently because usually a bullish top will occur after the bitcoin halving, why are we rushing to hope that bitcoin will rise high. suggests we start buying potential altcoins because we will also soon see altcoin season. And one thing I don't agree with, taking loans to invest, it's very risky if you buy the wrong coins
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Of course, when making decisions we are required to be calm and not rush. Indeed, we are required to make decisions quickly, but being quick doesn't mean being hasty, we have to understand the basic principles that will prevent us from regretting it later.
When we see an opportunity, we must first analyze whether the opportunity is for the long term, or just for a moment, which means there is price rejection, for example. So we have to understand all that.
All decisions which are made in a hurry are totally wrong because people don't give time to research and think therefore a decision which is formed without thinking for the future is not always accurate.
We should not be too lazy or too quick because both are risky but if we have knowledge and are confirmed about our decisions as well as its outcomes then there is no need to pretend as a lazy person but decide properly and move on.
Don't think about the spot but your thoughts should be for the long term as some individuals think immediately but they regret that in the long term.
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Of course, when making decisions we are required to be calm and not rush. Indeed, we are required to make decisions quickly, but being quick doesn't mean being hasty, we have to understand the basic principles that will prevent us from regretting it later.
When we see an opportunity, we must first analyze whether the opportunity is for the long term, or just for a moment, which means there is price rejection, for example. So we have to understand all that.
All decisions which are made in a hurry are totally wrong because people don't give time to research and think therefore a decision which is formed without thinking for the future is not always accurate.
We should not be too lazy or too quick because both are risky but if we have knowledge and are confirmed about our decisions as well as its outcomes then there is no need to pretend as a lazy person but decide properly and move on.
Don't think about the spot but your thoughts should be for the long term as some individuals think immediately but they regret that in the long term.
It's true, we shouldn't be lazy in analyzing, because usually when analyzing it takes time, and if we are not patient enough in analyzing it then it will result in something that is not good for us.
Indeed, I will not deny that I also sometimes feel bored because I have to analyze the market and it takes a long time. But if we can control all of that, then it can be said that we have succeeded in fighting something bad within us.
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It's true, we shouldn't be lazy in analyzing, because usually when analyzing it takes time, and if we are not patient enough in analyzing it then it will result in something that is not good for us.
Indeed, I will not deny that I also sometimes feel bored because I have to analyze the market and it takes a long time. But if we can control all of that, then it can be said that we have succeeded in fighting something bad within us.
I do analysis when I have free time, this really takes time and focus. Maybe some who are busy in the real world, are lazy to carry out analysis, they choose to buy safe coins such as bitcoin for long-term holding. And beginners who don't do analysis, just read hype news, usually prefer hype coins, with weak fundamentals. This is the wrong investment process, because the risk is big and we can lose our money.
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It's true, we shouldn't be lazy in analyzing, because usually when analyzing it takes time, and if we are not patient enough in analyzing it then it will result in something that is not good for us.
Indeed, I will not deny that I also sometimes feel bored because I have to analyze the market and it takes a long time. But if we can control all of that, then it can be said that we have succeeded in fighting something bad within us.
We should have plans for both research and initiation of investment because if we spend more time on analyzing and start the process of analyzing during bull season then we will miss the chance to take profit from bull season because there is a specific timing at which we can buy easily and take profit during bull season.
We have to learn first and if we understand that now our knowledge is enough to give us profit then we have to participate in investment because we are not practically utilizing our knowledge then we will forget it. Market pump and dump should not be avoided as they are the real conditions at which we have to think differently and decide differently so keep checking on prices routinely.
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To be fair I have to consider the fact that its not going to be normal for anyone to make any kind of money at all, its just not reasonable and I think it would definitely be not a good idea at all. I get that people like to make money as quickly as possible, but that doesn't mean that we are going to end up with some money, its just not going to happen at all. We need to realize that we can make some money when we know what we are doing, otherwise we are going to just end up losing everything we have. The best way is to take a step back and check how the market is going, and we could make money that way instead.
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- It's hard to read the movement in the market; if the veterans or experts are still mistaking their technical and fundamental analysis on the trading chart, how about people like me who are not like them yet? That's why the key to the safest things that other traders do is long-term and DCA most of the time.
What movement? :-\
If you mean the trends on the market, it will always change.
However, we can predict the change by analyzing some factors. We can analyze chart patterns and current news/issues at least. By analyzing these factors, we can understand what probably will happen or what trends possibly comes in the near future. I think it is common knowledge that every investor/trader should have. Yes, most people mostly know them with the term of technical and fundamental analysis.
Regarding DCA, it is another matter. We know this is one of the strategies in collecting more coins in a long term investment. If we have no much funds, we can do DCA to gain our assets gradually. Many people use this strategy due to the effectiveness in gaining assets although having limited funds only.
Read below why it is good to use DCA:
- https://uncommoncentsinvesting.com/financial-planning/10-benefits-of-dollar-cost-averaging/
- Yes, you're right; the trend I'm referring to is what I'm talking about, and thanks for correcting me. I'm sorry, the term I used was wrong, mate. Thanks also for the source link you gave, mate, because this is still additional knowledge about DCA.
Although I have been applying this for the past few months, even though it has been delayed until now, I continue to do it because I know that it is an effective method for all short- and long-term holders of crypto assets in the field.
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It's true, we shouldn't be lazy in analyzing, because usually when analyzing it takes time, and if we are not patient enough in analyzing it then it will result in something that is not good for us.
Indeed, I will not deny that I also sometimes feel bored because I have to analyze the market and it takes a long time. But if we can control all of that, then it can be said that we have succeeded in fighting something bad within us.
I do analysis when I have free time, this really takes time and focus. Maybe some who are busy in the real world, are lazy to carry out analysis, they choose to buy safe coins such as bitcoin for long-term holding. And beginners who don't do analysis, just read hype news, usually prefer hype coins, with weak fundamentals. This is the wrong investment process, because the risk is big and we can lose our money.
If you do saw that you dont have the enough time to make up some research because you are busy with your day job then it would really be that wise that you should really be
making up some focus when dealing up with the crypto investment that you are really that putting your money into. Its sad that there are those people who do end up on investing on meme coins rather than on focusing themselves on putting their money on Bitcoin. This is why it would really be that somewhat important that you should really be doing your research first before
making any investment and never ever make yourself that getting too hyped if there's someone made out some investment and makes money. Nothing beats out
if you do make yourself stick on whats that mainly been supported by this community.
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I do analysis when I have free time, this really takes time and focus.
You actually don't need to do analysis whenever you have free time. Just do analysis if it is needed. :D
Sure, analysis should take a lot of time. Moreover, if we analyze a bigger scope of a certain crypto coin. We don't only analyze the chart pattern, we also need to know the potential of the fundamentals. And we must update the information of the current issues on the coin. There are many things to be considered when we analyze a crypto coin.
Maybe some who are busy in the real world, are lazy to carry out analysis, they choose to buy safe coins such as bitcoin for long-term holding.
Even a long term holding also needs analysis but it doesn't need too often analysis. When we are holding a long term, we need to analyze the coin before we buy the coin. We need to know everything about the coin, we can consider how long to hold the coin from this analysis. And sometimes, we also need to check the progress, we don't only put on the wallet without monitoring the coin.
And beginners who don't do analysis, just read hype news, usually prefer hype coins, with weak fundamentals. This is the wrong investment process, because the risk is big and we can lose our money.
Sure, many beginners buy crypto coins because they follow the hype. It is not the right way for investment because they just choose random coins. And the beginners must have no idea about how long to hold the coin. They think the hype coin is for a long term holding, but it is just for a temporary holding. Never hold random coins for a long term, it is too risky!!
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It's true, we shouldn't be lazy in analyzing, because usually when analyzing it takes time, and if we are not patient enough in analyzing it then it will result in something that is not good for us.
Indeed, I will not deny that I also sometimes feel bored because I have to analyze the market and it takes a long time. But if we can control all of that, then it can be said that we have succeeded in fighting something bad within us.
I do analysis when I have free time, this really takes time and focus. Maybe some who are busy in the real world, are lazy to carry out analysis, they choose to buy safe coins such as bitcoin for long-term holding. And beginners who don't do analysis, just read hype news, usually prefer hype coins, with weak fundamentals. This is the wrong investment process, because the risk is big and we can lose our money.
Well, those types of people always focus on coins that can give them high returns at a fixed point, that is, with little investment that increases a lot, I have always seen that there are people who are like that, they are the ones who like pump and dup coins, it is difficult when you have this type of things because basically we are people who like money, but sometimes just as you win you lose and quite a bit, that is why when we are involved in that, you have to know how to analyze everything, you have to not leave anything loose, so that we can always do things better, it is a way of seeing things well.
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It's true, we shouldn't be lazy in analyzing, because usually when analyzing it takes time, and if we are not patient enough in analyzing it then it will result in something that is not good for us.
Indeed, I will not deny that I also sometimes feel bored because I have to analyze the market and it takes a long time. But if we can control all of that, then it can be said that we have succeeded in fighting something bad within us.
I do analysis when I have free time, this really takes time and focus. Maybe some who are busy in the real world, are lazy to carry out analysis, they choose to buy safe coins such as bitcoin for long-term holding. And beginners who don't do analysis, just read hype news, usually prefer hype coins, with weak fundamentals. This is the wrong investment process, because the risk is big and we can lose our money.
Well, those types of people always focus on coins that can give them high returns at a fixed point, that is, with little investment that increases a lot, I have always seen that there are people who are like that, they are the ones who like pump and dup coins, it is difficult when you have this type of things because basically we are people who like money, but sometimes just as you win you lose and quite a bit, that is why when we are involved in that, you have to know how to analyze everything, you have to not leave anything loose, so that we can always do things better, it is a way of seeing things well.
It could be said that we have to look broadly at the coin we are going to enter, because if we only look at it from one point of view it is something that is not wise and it will make us suffer losses.
Beginners really only rely on hype, it doesn't matter what kind of coin as long as it is talked about by everyone then they will not think long and immediately enter the market. On the other hand, we can't blame them, because they do things like this because they don't know.
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Sure, many beginners buy crypto coins because they follow the hype. It is not the right way for investment because they just choose random coins. And the beginners must have no idea about how long to hold the coin. They think the hype coin is for a long term holding, but it is just for a temporary holding. Never hold random coins for a long term, it is too risky!!
Those who randomly choose some coins will have more loss and little win because they don't search about the reality of coins but choose those coins that are temporarily higher in worth. Investment can give you profit but if you are deciding wrong then Investment can also become perilous for you like that of trading.
Actually people are irresponsible about their money so they often make the wrong decision therefore if they were serious about their money then they will never invest in random coins for a long time as they know everything related to crypto but cannot eliminate their greed.
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Sure, many beginners buy crypto coins because they follow the hype. It is not the right way for investment because they just choose random coins. And the beginners must have no idea about how long to hold the coin. They think the hype coin is for a long term holding, but it is just for a temporary holding. Never hold random coins for a long term, it is too risky!!
Those who randomly choose some coins will have more loss and little win because they don't search about the reality of coins but choose those coins that are temporarily higher in worth. Investment can give you profit but if you are deciding wrong then Investment can also become perilous for you like that of trading.
Actually people are irresponsible about their money so they often make the wrong decision therefore if they were serious about their money then they will never invest in random coins for a long time as they know everything related to crypto but cannot eliminate their greed.
Do your research when investing, don't pick up random coins because of the hype. Because most hype coins will make us trapped and lose our money. I always do research, make analyzes and observe the coins before making a buying decision. Because this is an investment issue and relates to our money. The main goal of investment is profit. So we cannot be careless in making decisions because it will cause losses.
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Sure, many beginners buy crypto coins because they follow the hype. It is not the right way for investment because they just choose random coins. And the beginners must have no idea about how long to hold the coin. They think the hype coin is for a long term holding, but it is just for a temporary holding. Never hold random coins for a long term, it is too risky!!
Those who randomly choose some coins will have more loss and little win because they don't search about the reality of coins but choose those coins that are temporarily higher in worth. Investment can give you profit but if you are deciding wrong then Investment can also become perilous for you like that of trading.
Actually people are irresponsible about their money so they often make the wrong decision therefore if they were serious about their money then they will never invest in random coins for a long time as they know everything related to crypto but cannot eliminate their greed.
Do your research when investing, don't pick up random coins because of the hype. Because most hype coins will make us trapped and lose our money. I always do research, make analyzes and observe the coins before making a buying decision. Because this is an investment issue and relates to our money. The main goal of investment is profit. So we cannot be careless in making decisions because it will cause losses.
Before investing, we have to determine what type of investment we want. If we want long-term investment, we have to do very in-depth research or we can trust Bitcoin and keep it for a very long time. but if we want to make a short-term investment then we can buy altcoins that are currently hyped so that you will still get money for your daily living needs.
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Sure, many beginners buy crypto coins because they follow the hype. It is not the right way for investment because they just choose random coins. And the beginners must have no idea about how long to hold the coin. They think the hype coin is for a long term holding, but it is just for a temporary holding. Never hold random coins for a long term, it is too risky!!
Those who randomly choose some coins will have more loss and little win because they don't search about the reality of coins but choose those coins that are temporarily higher in worth. Investment can give you profit but if you are deciding wrong then Investment can also become perilous for you like that of trading.
Actually people are irresponsible about their money so they often make the wrong decision therefore if they were serious about their money then they will never invest in random coins for a long time as they know everything related to crypto but cannot eliminate their greed.
Do your research when investing, don't pick up random coins because of the hype. Because most hype coins will make us trapped and lose our money. I always do research, make analyzes and observe the coins before making a buying decision. Because this is an investment issue and relates to our money. The main goal of investment is profit. So we cannot be careless in making decisions because it will cause losses.
Before investing, we have to determine what type of investment we want. If we want long-term investment, we have to do very in-depth research or we can trust Bitcoin and keep it for a very long time. but if we want to make a short-term investment then we can buy altcoins that are currently hyped so that you will still get money for your daily living needs.
Isn't the hype coin riskier than bitcoin which we hold for the long term? Because the coin is hyped, if we enter late we will be trapped in a high price if the price suddenly drops. I prefer to invest in bitcoin for the long term. I don't think more in-depth research is needed, because many predict Bitcoin will be strong for the next few years, at least another 5 years.
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Do your research when investing, don't pick up random coins because of the hype. Because most hype coins will make us trapped and lose our money. I always do research, make analyzes and observe the coins before making a buying decision. Because this is an investment issue and relates to our money. The main goal of investment is profit. So we cannot be careless in making decisions because it will cause losses.
But sadly, this is what many people in crypto does today. If you look at how people rush to buy some coins, their decisions are always fuel by what other people are doing and not what we have research about and this is why many people lose money because they only know little about the coin that when people sell, they don't have idea what's happening.
There is nothing that beat a personal research if you do one because even when you do, even if it doesn't turn out well in the coin you invested, you wouldn't feel hurt like when you do nothing and it gives room for improvement and places you do mistakes too.
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Do your research when investing, don't pick up random coins because of the hype. Because most hype coins will make us trapped and lose our money. I always do research, make analyzes and observe the coins before making a buying decision. Because this is an investment issue and relates to our money. The main goal of investment is profit. So we cannot be careless in making decisions because it will cause losses.
But sadly, this is what many people in crypto does today. If you look at how people rush to buy some coins, their decisions are always fuel by what other people are doing and not what we have research about and this is why many people lose money because they only know little about the coin that when people sell, they don't have idea what's happening.
There is nothing that beat a personal research if you do one because even when you do, even if it doesn't turn out well in the coin you invested, you wouldn't feel hurt like when you do nothing and it gives room for improvement and places you do mistakes too.
We should do our own research if we want to buy coins. Not based on what people say, or coins that are hyped. do research and observe the coin on the market, if you are sure you will make a profit then buy the coin. As many people say, investing is a risk in our hands, so learn to do research and have your own analysis.
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Do your research when investing, don't pick up random coins because of the hype. Because most hype coins will make us trapped and lose our money. I always do research, make analyzes and observe the coins before making a buying decision. Because this is an investment issue and relates to our money. The main goal of investment is profit. So we cannot be careless in making decisions because it will cause losses.
Hype coins are not always higher and their success rate is not guaranteed as that of top coins therefore gives priority to top coins instead of choosing new coins but if still you want to take this risk then you should have knowledge and idea how to choose a coin and which coins will perform better.
I don't think that if you search about new coins then there will be a sure profit for you but still there are little chances that such coins will disappear once the bull season stops to go further. So sometimes new coins give you profit while sometimes your loss is caused by investment in new coins. You can minimise your loss if you have knowledge and if you focus more on top coins instead of focusing on new coins that do not specify your profit.
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It's true, we shouldn't be lazy in analyzing, because usually when analyzing it takes time, and if we are not patient enough in analyzing it then it will result in something that is not good for us.
Indeed, I will not deny that I also sometimes feel bored because I have to analyze the market and it takes a long time. But if we can control all of that, then it can be said that we have succeeded in fighting something bad within us.
I do analysis when I have free time, this really takes time and focus. Maybe some who are busy in the real world, are lazy to carry out analysis, they choose to buy safe coins such as bitcoin for long-term holding. And beginners who don't do analysis, just read hype news, usually prefer hype coins, with weak fundamentals. This is the wrong investment process, because the risk is big and we can lose our money.
Well, those types of people always focus on coins that can give them high returns at a fixed point, that is, with little investment that increases a lot, I have always seen that there are people who are like that, they are the ones who like pump and dup coins, it is difficult when you have this type of things because basically we are people who like money, but sometimes just as you win you lose and quite a bit, that is why when we are involved in that, you have to know how to analyze everything, you have to not leave anything loose, so that we can always do things better, it is a way of seeing things well.
It could be said that we have to look broadly at the coin we are going to enter, because if we only look at it from one point of view it is something that is not wise and it will make us suffer losses.
Beginners really only rely on hype, it doesn't matter what kind of coin as long as it is talked about by everyone then they will not think long and immediately enter the market. On the other hand, we can't blame them, because they do things like this because they don't know.
- That's why it's important to first know the coin or crypto we're going to buy and if there's any good development being done in this industry. It's difficult because it does have a good volume trade and the marketcap is good, but there's no development being given to the community, which seems worrying still in the end.
It's good that there are innovations happening, and the team behind them is also very active, so the community is increasing more and more. Besides, trading volume and market capital are good in the market. At least with these tactics, we can avoid wasting our capital, which just goes to waste for nothing.
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It could be said that we have to look broadly at the coin we are going to enter, because if we only look at it from one point of view it is something that is not wise and it will make us suffer losses.
Beginners really only rely on hype, it doesn't matter what kind of coin as long as it is talked about by everyone then they will not think long and immediately enter the market. On the other hand, we can't blame them, because they do things like this because they don't know.
- That's why it's important to first know the coin or crypto we're going to buy and if there's any good development being done in this industry. It's difficult because it does have a good volume trade and the marketcap is good, but there's no development being given to the community, which seems worrying still in the end.
It's good that there are innovations happening, and the team behind them is also very active, so the community is increasing more and more. Besides, trading volume and market capital are good in the market. At least with these tactics, we can avoid wasting our capital, which just goes to waste for nothing.
We really have to know cryptocurrency thoroughly before we enter the market, because that is one way for us to do better when we are in it.
We cannot come without any knowledge, because in my opinion it is the same as gambling which relies on luck. For example, when we buy a coin without any basis or reason, it is the same as relying on luck and luck is synonymous with gambling.
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- That's why it's important to first know the coin or crypto we're going to buy and if there's any good development being done in this industry. It's difficult because it does have a good volume trade and the marketcap is good, but there's no development being given to the community, which seems worrying still in the end.
It's good that there are innovations happening, and the team behind them is also very active, so the community is increasing more and more. Besides, trading volume and market capital are good in the market. At least with these tactics, we can avoid wasting our capital, which just goes to waste for nothing.
It is very true what you say, personally I have always said something, when a project is well established for me there are two things that determine if a project is successful in the future, firstly if the project allows the amount of tokens to be considerable, at least that it is more than 1% of what a person can have, if it reaches 5% or more it would be great, we are talking about great gnanaics, but if the project does not guarantee good capitalization, and they are mogajas, I discard that project at once, and my second option is that if it has a lot of community and more and more enter, that project will be successful, as long as the owners of the project do not start to back down by having them only listed on decentralized exchanges.
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Sure, many beginners buy crypto coins because they follow the hype. It is not the right way for investment because they just choose random coins. And the beginners must have no idea about how long to hold the coin. They think the hype coin is for a long term holding, but it is just for a temporary holding. Never hold random coins for a long term, it is too risky!!
Those who randomly choose some coins will have more loss and little win because they don't search about the reality of coins but choose those coins that are temporarily higher in worth. Investment can give you profit but if you are deciding wrong then Investment can also become perilous for you like that of trading.
Actually people are irresponsible about their money so they often make the wrong decision therefore if they were serious about their money then they will never invest in random coins for a long time as they know everything related to crypto but cannot eliminate their greed.
- Researching a coin is important when we are looking for a potential cryptocurrency that we believe can provide a high return on our capital. Because if we only rely on our opinion or hunch, there is a big chance that the capital that we will use in cryptocurrency assets will end up being nothing.
That's why it is very important for us investors to be wise in choosing the cryptos that we will invest in. It doesn't matter if we choose slowly, as long as we are sure that there will be a good return on the capital that we will use in a crypto asset.
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- Researching a coin is important when we are looking for a potential cryptocurrency that we believe can provide a high return on our capital. Because if we only rely on our opinion or hunch, there is a big chance that the capital that we will use in cryptocurrency assets will end up being nothing.
That's why it is very important for us investors to be wise in choosing the cryptos that we will invest in. It doesn't matter if we choose slowly, as long as we are sure that there will be a good return on the capital that we will use in a crypto asset.
Research takes time and of course we have to have the experience and knowledge to carry out research. This is very important to do before we invest in coins. Moreover, if we want to invest in new coins, this is very risky and we must have good knowledge in research.
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Personally, I saw some people recommending to each other that they should start trading because trading can make them rich in a short time, and they both agree on it. My personal thoughts are that trading is like an ocean, if you don't know how to swim, then you will sink in the water. This is a wrong mindset that comes in our youngsters, and they understand it when they lose everything in it. I can't understand why people always jump into things that they can't even understand simple basic terminologies, but still, they are doing it. I think maybe this is because of greed or poor economic conditions because both can lead you to earn a lot of capital in a short interval of time. I suggest to these types of people that don't come to trading if you don't know about it. When you have full control over it, then come, and then maybe you can earn more money in a short time.
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Personally, I saw some people recommending to each other that they should start trading because trading can make them rich in a short time, and they both agree on it.
This is really untrue, this will motivate more people with zero knowledge to trade carelessly. They only focus on how to achieve the same way? Unfortunately, those people aren't aware the risks. When they are experiencing problems, they won't be strong enough to survive. That's why many newcomers easily fail. They don't focus on learning, but they only focus on trying to get profits as quick as possible.
My personal thoughts are that trading is like an ocean, if you don't know how to swim, then you will sink in the water.
Exactly. That's why knowledge has a crucial role in trading. Without sufficient knowledge, we don't know how to trade properly. We don't know the effective strategy to earn profits, and we have no idea about facing the problems/risks.
I can't understand why people always jump into things that they can't even understand simple basic terminologies, but still, they are doing it. I think maybe this is because of greed or poor economic conditions because both can lead you to earn a lot of capital in a short interval of time.
Indeed. Greedy people don't care anything, money is their main focus. This makes greedy people unaware about the possible risks. They don't know that knowing the right way to handle problems/risks is also very important. Sure, sometimes the poor financial triggers people think unrealistically.
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move.
I feel it's partly the mistake of newbies because the other half is influenced by these so-called influencers and whoever posts their success story over social media or through edited videos on YouTube or other channels where these newbies watch and see them and start building dreams in their minds because they start feeling like they can also achieve the same results shown by those people over the internet.
That being said, it's true that someone who is newly getting into the market should first do their best to gain as much knowledge as they can about everything including the market, essential trading practices, best cryptocurrencies that they will trade, and risk-management techniques.
There are really those external factors on which it could really be affecting someones mindset and beliefs on which at the moment that they will really be that having those kind of
encounters on hearing up some hyping up about trading profits and everything then since you are still a noob then you would really be having those assumptions that it would really be just that
an easy thing and not something that you will really be that minding too much about the risks involved just because you've seen on how other people been trying out to elaborate and seems it is easy but its not.
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Personally, I saw some people recommending to each other that they should start trading because trading can make them rich in a short time, and they both agree on it. My personal thoughts are that trading is like an ocean, if you don't know how to swim, then you will sink in the water. This is a wrong mindset that comes in our youngsters, and they understand it when they lose everything in it. I can't understand why people always jump into things that they can't even understand simple basic terminologies, but still, they are doing it. I think maybe this is because of greed or poor economic conditions because both can lead you to earn a lot of capital in a short interval of time. I suggest to these types of people that don't come to trading if you don't know about it. When you have full control over it, then come, and then maybe you can earn more money in a short time.
Trading is the best way to make a profit in the near future, but we have to have skills and experience there/ People will think this seems easy to do, but in reality it is a difficult thing, because in trading we are not always lucky. Sometimes we also experience defeat and really test our emotions.
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Trading is the best way to make a profit in the near future, but we have to have skills and experience there/ People will think this seems easy to do, but in reality it is a difficult thing, because in trading we are not always lucky. Sometimes we also experience defeat and really test our emotions.
You know trading is not a quick get Rich scheme where you just go and start trading immediately you boom just lie that, instead it would require patient and consistency to enable you scale through your trading journey.
Still we must have patients to be able to trade out something important from it because when you are desperate you would end up losing continuously till you emptied your account, so knowledge and patient works more better.
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Personally, I saw some people recommending to each other that they should start trading because trading can make them rich in a short time, and they both agree on it. My personal thoughts are that trading is like an ocean, if you don't know how to swim, then you will sink in the water. This is a wrong mindset that comes in our youngsters, and they understand it when they lose everything in it. I can't understand why people always jump into things that they can't even understand simple basic terminologies, but still, they are doing it. I think maybe this is because of greed or poor economic conditions because both can lead you to earn a lot of capital in a short interval of time. I suggest to these types of people that don't come to trading if you don't know about it. When you have full control over it, then come, and then maybe you can earn more money in a short time.
Trading is the best way to make a profit in the near future, but we have to have skills and experience there/ People will think this seems easy to do, but in reality it is a difficult thing, because in trading we are not always lucky. Sometimes we also experience defeat and really test our emotions.
Trading is risky but doesnt meant that you cant really be able to have an advantage through it on which of course it would really be that basing or depending up on how
well you do make yourself on doing trades because if you wont really be having that kind of approach on which you would really be that preparing yourself on learning
things before you do make trades then you would really be that susceptible into tons of errors and mistakes on which we know that this is really that bad
when you do deal up with trading.
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You know trading is not a quick get Rich scheme where you just go and start trading immediately you boom just lie that, instead it would require patient and consistency to enable you scale through your trading journey.
Still we must have patients to be able to trade out something important from it because when you are desperate you would end up losing continuously till you emptied your account, so knowledge and patient works more better.
You are right because that factor should always be the first thing somebody should understand before going into trading because is not a get rich quick business on the contrary patients is very important and funny enough patience doesn't even guarantee there success on trading because in as much as patience is very important but there are also things that comes first before the patience which is the technical knowledge of trading.
However reasoning it in another dimension I think patience normally involve more in terms of holding because it has to do with long term investment and the only way to have that kind of mindset is only patience, however the only thing I would advise someone that's just coming into Bitcoin for the first time is not to rush anything because any wrong decision will result to a serious losses.
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You know trading is not a quick get Rich scheme where you just go and start trading immediately you boom just lie that, instead it would require patient and consistency to enable you scale through your trading journey.
Still we must have patients to be able to trade out something important from it because when you are desperate you would end up losing continuously till you emptied your account, so knowledge and patient works more better.
You are right because that factor should always be the first thing somebody should understand before going into trading because is not a get rich quick business on the contrary patients is very important and funny enough patience doesn't even guarantee there success on trading because in as much as patience is very important but there are also things that comes first before the patience which is the technical knowledge of trading.
However reasoning it in another dimension I think patience normally involve more in terms of holding because it has to do with long term investment and the only way to have that kind of mindset is only patience, however the only thing I would advise someone that's just coming into Bitcoin for the first time is not to rush anything because any wrong decision will result to a serious losses.
Of course it's not doubtably that before one venture into the market he or she should be able undergo training I mean I kind of thorough knowledge to enable them make sound decisions on what they are investing on if not so it could be hard for them. The market is too fragile and volatile hence lots of things needs to be avoided to be able to scale through. Most importantly determination to control ones feeling such as when to sell/buy like the right to execute those things.
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Trading is the best way to make a profit in the near future, but we have to have skills and experience there/ People will think this seems easy to do, but in reality it is a difficult thing, because in trading we are not always lucky. Sometimes we also experience defeat and really test our emotions.
Trading is a good way of earning and people can gain huge money through trading in short time but for it experience should be maximum in this field. There is no way to get profit through trading if you don't have experience and don't have any idea about the selection of coins, buying and selling and timing of holding as well as strategies to overcome your loss in trading.
If you are a good learner then you can learn about trading but it does not mean that you will not lose a penny through trading but the majority of experts also lose money if they move their step in the wrong way. People think that they will always win but winning in trading is not feasible because a person cannot achieve exactly the same as he thinks.
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Trading is the best way to make a profit in the near future, but we have to have skills and experience there/ People will think this seems easy to do, but in reality it is a difficult thing, because in trading we are not always lucky. Sometimes we also experience defeat and really test our emotions.
Trading is a good way of earning and people can gain huge money through trading in short time but for it experience should be maximum in this field. There is no way to get profit through trading if you don't have experience and don't have any idea about the selection of coins, buying and selling and timing of holding as well as strategies to overcome your loss in trading.
If you are a good learner then you can learn about trading but it does not mean that you will not lose a penny through trading but the majority of experts also lose money if they move their step in the wrong way. People think that they will always win but winning in trading is not feasible because a person cannot achieve exactly the same as he thinks.
It goes hand in hand with the risk, because even though trading can give us profit in the short term, we also risk losing money in a very short time. I think it's comparable and we should know about this and not just look at it from the profit angle.
Well, many people make the wrong move at the beginning, they think that they can get profit in a short time, but they forget and don't even know what kind of risk they are facing.
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It goes hand in hand with the risk, because even though trading can give us profit in the short term, we also risk losing money in a very short time. I think it's comparable and we should know about this and not just look at it from the profit angle.
Well, many people make the wrong move at the beginning, they think that they can get profit in a short time, but they forget and don't even know what kind of risk they are facing.
The majority of people are just thinking about the profit but they don't focus on the reality that its hazards are also very big so they are not ready to accept the loss when the market is down which causes the creation of tension full situations for them.
The probability of both loss and win are the same therefore it is important to make preparation for both win and loss as if we are ignoring any one of these and don't have any plan then risk will be higher so unfortunately we will not find good things from trading.
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The majority of people are just thinking about the profit but they don't focus on the reality that its hazards are also very big so they are not ready to accept the loss when the market is down which causes the creation of tension full situations for them.
It is because people are mostly motivated by successful traders. They want to reach the same thing, they want to succeed to get big profits, too. People sometimes forget that there are many failed traders. If they remember this, they must be careful and don't hurry to trade. They must focus on learning and try to be wise in using the funds in trading. People also won't surprise when they get losses if they are aware about this.
The probability of both loss and win are the same therefore it is important to make preparation for both win and loss as if we are ignoring any one of these and don't have any plan then risk will be higher so unfortunately we will not find good things from trading.
Yes, the chance to win or lose will be the same if we trade with lack of knowledge. It is actually like gambling if we trade carelessly with improper skills. However, if we have good knowledge, the chance to win should be higher. We must use an analysis, we analyze the potential of the coins and we predict the market future. This is probably increasing the chance to succeed.
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The majority of people are just thinking about the profit but they don't focus on the reality that its hazards are also very big so they are not ready to accept the loss when the market is down which causes the creation of tension full situations for them.
The probability of both loss and win are the same therefore it is important to make preparation for both win and loss as if we are ignoring any one of these and don't have any plan then risk will be higher so unfortunately we will not find good things from trading.
The people that they are watching online might influenced them that's why they don't care about the negatives since what they are seeing online are purely the positive or should I say the profits coming from other traders. They don't see the losing trades of these traders. I guess we will all agree that even the expert traders are losing money still, right? Most of the traders especially those newbies don't know it hence, they think that if they will just follow what they're saying, the results will be the same for them, but it isn't therefore, they will lose and like you said, they aren't ready for it.
Trading is a risky way of making money, but for me, it's the most profitable one. Many have lost their money trying trading and when you're a first time, it's pretty much normal to lose money so don't go all in at first. Have some strategies and adjust as you make more trades. Over time, you will see the strategy that will work for you.
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The majority of people are just thinking about the profit but they don't focus on the reality that its hazards are also very big so they are not ready to accept the loss when the market is down which causes the creation of tension full situations for them.
The probability of both loss and win are the same therefore it is important to make preparation for both win and loss as if we are ignoring any one of these and don't have any plan then risk will be higher so unfortunately we will not find good things from trading.
You don't blame them, it's what they see they practice. Typically, there is always a bull run comes 4 years in Bitcoin and many people here already program to that lifestyle. They want to just make money within this period and since this is what is practice, even the new people in crypto are not left out from this. They are so focus on the money and doesn't even care about the loss that comes with it. Many people suffer alot from this consequence of not putting loss before profits.
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It goes hand in hand with the risk, because even though trading can give us profit in the short term, we also risk losing money in a very short time. I think it's comparable and we should know about this and not just look at it from the profit angle.
Well, many people make the wrong move at the beginning, they think that they can get profit in a short time, but they forget and don't even know what kind of risk they are facing.
The majority of people are just thinking about the profit but they don't focus on the reality that its hazards are also very big so they are not ready to accept the loss when the market is down which causes the creation of tension full situations for them.
The probability of both loss and win are the same therefore it is important to make preparation for both win and loss as if we are ignoring any one of these and don't have any plan then risk will be higher so unfortunately we will not find good things from trading.
That's what's really the problem for them, by only thinking about profit they will ignore every risk that exists because they only focus on what they think. If we talk about profit, then everyone will want it, but desires do not always go hand in hand with reality.
Many people actually have to go bankrupt because they rely too much on hope. Hope is not something wrong, but if we ignore other things it is clearly not wise either.
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That's what's really the problem for them, by only thinking about profit they will ignore every risk that exists because they only focus on what they think. If we talk about profit, then everyone will want it, but desires do not always go hand in hand with reality.
Many people actually have to go bankrupt because they rely too much on hope. Hope is not something wrong, but if we ignore other things it is clearly not wise either.
It is a big mistake if there are people who ignore the risks. We must be aware that trading or investing in crypto is high risk. That's why we must be careful and don't do it excessively. Before doing anything, we must ensure our selves that we have enough knowledge. Don't start trading or investing when we still have lack of knowledge.
Expecting much on crypto is no problem as long as it makes sense. The problem is when people expect for something unrealistically. For example if someone wants to be rich in crypto instantly. It is nonsense, crypto doesn't guarantee anything. Being rich or not will fully depend on the way we do the efforts.
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This is quite an old topic, and I'm there's a high possibility that I've already made some posts here, but according to the current developments in the market my POV is that we should rush now, TBH this is the last chance in my views from here you won't be able to accumulate any more. Whether it's Bitcoin or any altcoin you are planning to buy. Must rush now but with risk management as nothing is ensured that the market won't drop more from here.
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This is quite an old topic, and I'm there's a high possibility that I've already made some posts here, but according to the current developments in the market my POV is that we should rush now, TBH this is the last chance in my views from here you won't be able to accumulate any more. Whether it's Bitcoin or any altcoin you are planning to buy. Must rush now but with risk management as nothing is ensured that the market won't drop more from here.
Although i do agree into those sentiment or words of yours but putting up some conclusion about on not to drop even more, then this is something that wont really be ever be known by someone.
What if there would be another some nasty correction? Which causes for the price do drop above 50%? For sure you would really be making those sentiments that the market is truly unpredictable.
Somehow on the thing you've said about DCA or buyback chance then this is something on where i do really believe on. on which this would be a sweet spot for you to consider out
on having that buybacks on which its ideal as of this moment.
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Expecting much on crypto is no problem as long as it makes sense. The problem is when people expect for something unrealistically. For example if someone wants to be rich in crypto instantly. It is nonsense, crypto doesn't guarantee anything. Being rich or not will fully depend on the way we do the efforts.
Because there are still those who think that buying cheap and selling expensive can be done easily, it makes many people try their luck in the cryptocurrency world. In fact, in practice, this cannot be done easily... it takes a long time to find out the opportunities and potential to do this.. expectations that are already high make some people less wary of cryptocurrency...
As you said, we must remain realistic and not take cryptocurrency for granted...
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Expecting much on crypto is no problem as long as it makes sense. The problem is when people expect for something unrealistically. For example if someone wants to be rich in crypto instantly. It is nonsense, crypto doesn't guarantee anything. Being rich or not will fully depend on the way we do the efforts.
Because there are still those who think that buying cheap and selling expensive can be done easily, it makes many people try their luck in the cryptocurrency world. In fact, in practice, this cannot be done easily... it takes a long time to find out the opportunities and potential to do this.. expectations that are already high make some people less wary of cryptocurrency...
As you said, we must remain realistic and not take cryptocurrency for granted...
Just let them be able to realize those things because it would really be normal that you would be having those initial thoughts about easy on making that buy low sell high thing but on the moment that you would really be doing such actions in the market then it would really be something that makes you think and realize that you are really that having that hard time on guessing on where prices would really be that going. Everything would really be having that timing when it comes on buying or selling. We might be seeing that its easy principle but doing
such action is really that too hard to be done. So it would really be something situational on what are the things that someone would really be doing.
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That's what's really the problem for them, by only thinking about profit they will ignore every risk that exists because they only focus on what they think. If we talk about profit, then everyone will want it, but desires do not always go hand in hand with reality.
Many people actually have to go bankrupt because they rely too much on hope. Hope is not something wrong, but if we ignore other things it is clearly not wise either.
It is a big mistake if there are people who ignore the risks. We must be aware that trading or investing in crypto is high risk. That's why we must be careful and don't do it excessively. Before doing anything, we must ensure our selves that we have enough knowledge. Don't start trading or investing when we still have lack of knowledge.
Expecting much on crypto is no problem as long as it makes sense. The problem is when people expect for something unrealistically. For example if someone wants to be rich in crypto instantly. It is nonsense, crypto doesn't guarantee anything. Being rich or not will fully depend on the way we do the efforts.
And the efforts we make will take quite a long time for us to feel success. Yes, I do not deny that there are people who can make their lives better in terms of economy, but they do not get it in an instant.
Risk management is something that we must understand well and do not forget that it is also something that we must execute well. It is useless if we understand risk management but we do not apply it.
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This is quite an old topic, and I'm there's a high possibility that I've already made some posts here, but according to the current developments in the market my POV is that we should rush now, TBH this is the last chance in my views from here you won't be able to accumulate any more. Whether it's Bitcoin or any altcoin you are planning to buy. Must rush now but with risk management as nothing is ensured that the market won't drop more from here.
Yes, it is old topic but it will be always relevant every time. There should be always new people in crypto, they may consider to rush investing/trading or focusing on learning firstly. We have a role to remind them, don't forget to prepare knowledge before investing or trading in crypto. :) I agree we can rush now if we realize this is the best time to buy crypto coins. Yes, no one can guarantee there will be no lower price, but I personally think we already passed the lowest price. $49k is very likely as the lowest price of Bitcoin, we can expect the market to increase higher in the next few months.
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This is quite an old topic, and I'm there's a high possibility that I've already made some posts here, but according to the current developments in the market my POV is that we should rush now, TBH this is the last chance in my views from here you won't be able to accumulate any more. Whether it's Bitcoin or any altcoin you are planning to buy. Must rush now but with risk management as nothing is ensured that the market won't drop more from here.
Yes, it is old topic but it will be always relevant every time. There should be always new people in crypto, they may consider to rush investing/trading or focusing on learning firstly. We have a role to remind them, don't forget to prepare knowledge before investing or trading in crypto. :) I agree we can rush now if we realize this is the best time to buy crypto coins. Yes, no one can guarantee there will be no lower price, but I personally think we already passed the lowest price. $49k is very likely as the lowest price of Bitcoin, we can expect the market to increase higher in the next few months.
- You are right, and we are of the same opinion that 49k may be the lowest price at which Bitcoin can reach this correction that we are currently experiencing in the market that is happening. And I also believe that, in my opinion, it seems possible that Bitcoin's rally in the market will really start in 2–3 months, as some people who gave speculations are also saying.
And there is a lot of expectation here, and no one really knows when it will happen or start; it can take a long time or it can start suddenly one day.
That's how simple it is.
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That's what's really the problem for them, by only thinking about profit they will ignore every risk that exists because they only focus on what they think. If we talk about profit, then everyone will want it, but desires do not always go hand in hand with reality.
Many people actually have to go bankrupt because they rely too much on hope. Hope is not something wrong, but if we ignore other things it is clearly not wise either.
People should not focus on one thing but it is necessary to take advantage of upward movement, find strategies that can help to minimize loss and enhance the chance of making revenue as well as a person should grasp the profitable coins during the dumping phase.
There is no one who doesn't want to get success but sometimes their little knowledge and luck does not cooperate with them to get profit. We can make hopes but it is also compulsory that we have to keep the other side in our knowledge and mind too because if we are not ready then due to sudden loss we can lose our hopes so maybe in future we will not be able to repeat such investment no matter it's our own fault or due to fluctuated prices.
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That's what's really the problem for them, by only thinking about profit they will ignore every risk that exists because they only focus on what they think. If we talk about profit, then everyone will want it, but desires do not always go hand in hand with reality.
Many people actually have to go bankrupt because they rely too much on hope. Hope is not something wrong, but if we ignore other things it is clearly not wise either.
People should not focus on one thing but it is necessary to take advantage of upward movement, find strategies that can help to minimize loss and enhance the chance of making revenue as well as a person should grasp the profitable coins during the dumping phase.
There is no one who doesn't want to get success but sometimes their little knowledge and luck does not cooperate with them to get profit. We can make hopes but it is also compulsory that we have to keep the other side in our knowledge and mind too because if we are not ready then due to sudden loss we can lose our hopes so maybe in future we will not be able to repeat such investment no matter it's our own fault or due to fluctuated prices.
Is actually difficult to factor out things to make you lose especially when it comes of investment because cryptocurrency are so unreliable apart from bitcoin and even as that the volatility level is still high. Investment in cryptocurrency is very risky that is what most people don't know.
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And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
And also, as long as we are running in the spot market, our assets will not be 0 even though the assets have dropped by 90% ... that is one of the advantages of spot trading ... it is safe enough to prevent us from financial collapse than futures trading.
By staying longer in the trading market, it will make us have more experience ... making it easier for us to immediately become a professional trader as expected.
Spot trading is always more friendly for beginners, and can still be maximized by professionals.
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And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
And also, as long as we are running in the spot market, our assets will not be 0 even though the assets have dropped by 90% ... that is one of the advantages of spot trading ... it is safe enough to prevent us from financial collapse than futures trading.
By staying longer in the trading market, it will make us have more experience ... making it easier for us to immediately become a professional trader as expected.
Spot trading is always more friendly for beginners, and can still be maximized by professionals.
I also do spot trading, because as a beginner in trading I feel safe and this makes me learn a lot about trading. Currently I am trying to focus on following daily trading, because I have needs that I can support with daily trading. I still do long-term investment but we know, we are waiting for the bullish season to sell it.
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In trading one needs time to learn about it, is not something to rush the reason a lot of people go into trading and lose a lot is because they rush into trading, they didn't calm down to learn about trading, I know someone that was learning how to trade he was to learn it for 2 months but he didn't complete it he believed he has learnt enough so he started trading and he also started losing he lost a lot of money and that made him to give up, one needs to calm down and learn trading very well.
There are still people that has learnt about trading very well and are doing very well but they still lose, some will lose to the extent that they will give up, however giving up in trading may not be the best I believe the longer you stay in trading the more experience you become, I have a friend that was losing in trading but now his gaining more than his losing the reason is because he is now more experience.
Trading is very difficult and very technical if you are not careful with trading it will make you depressed because of loses, so one don't have to rush trading because if you rush it then it will bring you down.
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In trading one needs time to learn about it, is not something to rush the reason a lot of people go into trading and lose a lot is because they rush into trading, they didn't calm down to learn about trading, I know someone that was learning how to trade he was to learn it for 2 months but he didn't complete it he believed he has learnt enough so he started trading and he also started losing he lost a lot of money and that made him to give up, one needs to calm down and learn trading very well.
There are still people that has learnt about trading very well and are doing very well but they still lose, some will lose to the extent that they will give up, however giving up in trading may not be the best I believe the longer you stay in trading the more experience you become, I have a friend that was losing in trading but now his gaining more than his losing the reason is because he is now more experience.
Trading is very difficult and very technical if you are not careful with trading it will make you depressed because of loses, so one don't have to rush trading because if you rush it then it will bring you down.
In trading, you need to focus on doing research and understanding the character of each coin that we choose to trade. Trading seems easy, but if we have entered it, it is not as easy as we imagine, because it requires experience and expertise in making technical and fundamental analysis. Many people are successful in trading, but it takes a long time to become a professional trader.
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In trading one needs time to learn about it, is not something to rush the reason a lot of people go into trading and lose a lot is because they rush into trading, they didn't calm down to learn about trading, I know someone that was learning how to trade he was to learn it for 2 months but he didn't complete it he believed he has learnt enough so he started trading and he also started losing he lost a lot of money and that made him to give up, one needs to calm down and learn trading very well.
There are still people that has learnt about trading very well and are doing very well but they still lose, some will lose to the extent that they will give up, however giving up in trading may not be the best I believe the longer you stay in trading the more experience you become, I have a friend that was losing in trading but now his gaining more than his losing the reason is because he is now more experience.
Trading is very difficult and very technical if you are not careful with trading it will make you depressed because of loses, so one don't have to rush trading because if you rush it then it will bring you down.
In trading, you need to focus on doing research and understanding the character of each coin that we choose to trade. Trading seems easy, but if we have entered it, it is not as easy as we imagine, because it requires experience and expertise in making technical and fundamental analysis. Many people are successful in trading, but it takes a long time to become a professional trader.
I have traded several times in between my time working in the real world, you are right that trading is not easy, especially to become a professional trader, you need time to gain experience and knowledge about trading. learning coin characters as many people suggest here, this is not easy.
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I have traded several times in between my time working in the real world, you are right that trading is not easy, especially to become a professional trader, you need time to gain experience and knowledge about trading. learning coin characters as many people suggest here, this is not easy.
Most people will agree that trading isn't something easy. Moreover, you have lack of time to trade if you are busy with your jobs in real life. I think it is better to focus on investment only if you have no much time for trading. You will be hard to be a professional trade if you can't focus on it, no professional traders who only trade at a free time. As far as I know, those professional traders are the people who really dedicate their time for trading. But for investment, it is no problem to have limited time. For a long term holder, it doesn't need to monitor the market every time.
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I have traded several times in between my time working in the real world, you are right that trading is not easy, especially to become a professional trader, you need time to gain experience and knowledge about trading. learning coin characters as many people suggest here, this is not easy.
Most people will agree that trading isn't something easy. Moreover, you have lack of time to trade if you are busy with your jobs in real life. I think it is better to focus on investment only if you have no much time for trading. You will be hard to be a professional trade if you can't focus on it, no professional traders who only trade at a free time. As far as I know, those professional traders are the people who really dedicate their time for trading. But for investment, it is no problem to have limited time. For a long term holder, it doesn't need to monitor the market every time.
For long term holders as long as they buy during a bearish market we will be safe to hold long term. At least we know when the bearish season is because we always follow a 4 year cycle. We only buy coins that are good for long-term holding and hold them until the bullish season, we don't need to focus and always look at the market, just wait, like me this time, just wait until the beginning of next year for the possibility of a bullish season occurring.
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For long term holders as long as they buy during a bearish market we will be safe to hold long term. At least we know when the bearish season is because we always follow a 4 year cycle. We only buy coins that are good for long-term holding and hold them until the bullish season, we don't need to focus and always look at the market, just wait, like me this time, just wait until the beginning of next year for the possibility of a bullish season occurring.
Although this does require patience and a high level of trust, but if it is indeed in a potential and large coin, then the long-term holding that we buy when it is bearish and sold in the bullish era, will certainly provide investment results that are very worthwhile. Especially if at the time the price is really at the lowest point of the bearish, then the profit will be much higher. However, we do have to make sure which coins are worth it for the long term, because not all of them can. At least, we have to take the top coins, and for number one, of course Bitcoin, let's just see how many times the price has increased since the price dropped in the bearish era previously. So, be patient.
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Good topic....this is actually an important lesson... after the incident that my friend's assets were liquidated from Binance Future, I tried to learn from it, that rushing is not good....
The first time a beginner jumps in to try trading, they are usually attracted to the screenshots of a professional trader shared on social media... "+400% ROI in 15 minutes" people who don't know how the mechanism works, might immediately think of doing the same thing... even though future trading is not as easy as imagined... with little knowledge, then applying high leverage even up to 20x, the potential for liquidation is easier to occur... the methods used are sometimes the same, but the strategy in making decisions for experienced people compared to beginners, of course has a very contrasting difference... that's why in this simple topic, there is actually a very valuable lesson.
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In trading one needs time to learn about it, is not something to rush the reason a lot of people go into trading and lose a lot is because they rush into trading, they didn't calm down to learn about trading, I know someone that was learning how to trade he was to learn it for 2 months but he didn't complete it he believed he has learnt enough so he started trading and he also started losing he lost a lot of money and that made him to give up, one needs to calm down and learn trading very well.
There are still people that has learnt about trading very well and are doing very well but they still lose, some will lose to the extent that they will give up, however giving up in trading may not be the best I believe the longer you stay in trading the more experience you become, I have a friend that was losing in trading but now his gaining more than his losing the reason is because he is now more experience.
Trading is very difficult and very technical if you are not careful with trading it will make you depressed because of loses, so one don't have to rush trading because if you rush it then it will bring you down.
In trading, you need to focus on doing research and understanding the character of each coin that we choose to trade. Trading seems easy, but if we have entered it, it is not as easy as we imagine, because it requires experience and expertise in making technical and fundamental analysis. Many people are successful in trading, but it takes a long time to become a professional trader.
I have traded several times in between my time working in the real world, you are right that trading is not easy, especially to become a professional trader, you need time to gain experience and knowledge about trading. learning coin characters as many people suggest here, this is not easy.
trading requires precision and punctuality in my opinion, it is not easy to do, sometimes theory is easier compared to reality in the field,
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Trading requires learning from the basic and consistent lesson from experienced traders or instructor d. It is not advisable to jump into trading without good knowledge of how the market works. Some people think that they can just buy coin at any time with no knowledge of entry positions or exit.
Honestly, there are trading lessons which requires basic knowledge and understanding such as Trends, chart patterns, technical and fundamental analysis, moving averages etc. Trading involves continuity to enhance your experience.
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Trading requires learning from the basic and consistent lesson from experienced traders or instructor d. It is not advisable to jump into trading without good knowledge of how the market works. Some people think that they can just buy coin at any time with no knowledge of entry positions or exit.
Honestly, there are trading lessons which requires basic knowledge and understanding such as Trends, chart patterns, technical and fundamental analysis, moving averages etc. Trading involves continuity to enhance your experience.
Actually you could really be able to make yourself that self learned and not really that needing up some intrsuctors or mentors about on learning trading. It would really be that just that depending on you because not all would really be that wanting on having that self learn path but rather they would really be loving on having a mentor on which it isnt really that bad option neither.
As long you could really be able to pay up for those sub fees or whatever fee it would be then it would really be just that fine. There are really just those individuals who
cant be able to learn up things on their own.
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Trading should never be rushed. It is a matter of learning. Without sufficient knowledge about it, it is never possible to profit in trading. And in the hope of more profit, one should not do something that leads to more loss. Trading should always be done with discretion. And if someone does futures trading in the beginning, the possibility of loss will be high.
Trading is the work of experts. Therefore, you should make yourself an expert before trading. And futures trading cannot be done in the beginning. Increase your skills through spot trading.
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Trading should never be rushed. It is a matter of learning. Without sufficient knowledge about it, it is never possible to profit in trading. And in the hope of more profit, one should not do something that leads to more loss. Trading should always be done with discretion. And if someone does futures trading in the beginning, the possibility of loss will be high.
Trading is the work of experts. Therefore, you should make yourself an expert before trading. And futures trading cannot be done in the beginning. Increase your skills through spot trading.
You are absolutely right, trading is a sensitive thing where money is lost if you don't trade accurately. Trading is not a matter of haste, once the opportunity is lost, there is no need to worry, the opportunity will come again, but if you lose money due to haste, it will not come back. Make yourself perfect first, learn all about trading and improve your skills. And trade properly.
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You are absolutely right, trading is a sensitive thing where money is lost if you don't trade accurately. Trading is not a matter of haste, once the opportunity is lost, there is no need to worry, the opportunity will come again, but if you lose money due to haste, it will not come back. Make yourself perfect first, learn all about trading and improve your skills. And trade properly.
You are also saying some important thing. but if you look the peoples who are coming to trading most of those are thinking about that trading could be very easy just to investment and have the profit and this is the reason most the people's are rushing when do trade.
And some time trader are also do the same mistakes because of the FUD and panic ness inside of them. I think except these if anyone can do trade with the analysis skill those can be profited.
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Trading is not a matter of haste, once the opportunity is lost, there is no need to worry, the opportunity will come again, but if you lose money due to haste, it will not come back. Make yourself perfect first, learn all about trading and improve your skills. And trade properly.
Trading is not for weak hands who always sell when they get read FUD news about a coin. If someone really wants to make profit as a trader then he/she should first learn about technical analysis that are needed for profitable trading and at the same time that person should make a proper trading strategy and plan to be profitable as a trader.
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Trading is not a matter of haste, once the opportunity is lost, there is no need to worry, the opportunity will come again, but if you lose money due to haste, it will not come back. Make yourself perfect first, learn all about trading and improve your skills. And trade properly.
Trading is not for weak hands who always sell when they get read FUD news about a coin. If someone really wants to make profit as a trader then he/she should first learn about technical analysis that are needed for profitable trading and at the same time that person should make a proper trading strategy and plan to be profitable as a trader.
As a professional trader they will not be affected by FUD, because they have their own analysis and predictions. They will study the coins they hold and do analysis. Always focus on watching the market if there is FUD, stay calm because the market may be affected temporarily. So the market will find its own way after FUD no longer affects.
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As a professional trader they will not be affected by FUD, because they have their own analysis and predictions. They will study the coins they hold and do analysis. Always focus on watching the market if there is FUD, stay calm because the market may be affected temporarily. So the market will find its own way after FUD no longer affects.
I won't gonna disagree with your opinion but I will also say that there is also a cause that are responsible to affected by the FUD(Fear, uncertainty, and doubt ) and that is also depends on the peoples emotions. Usually the professional trader know how to deal with that and control their self. But Some times they also did mistake and wrong decision for the FUD so I think this is not guaranteed that always the Profesional traders are not affected by the FUD.
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As a professional trader they will not be affected by FUD, because they have their own analysis and predictions. They will study the coins they hold and do analysis. Always focus on watching the market if there is FUD, stay calm because the market may be affected temporarily. So the market will find its own way after FUD no longer affects.
I think even professional traders, must be influenced by the FUDs. But they won't panic because they have been familiar with FUDs. Professional traders may change their strategy when there is FUDs. It means they are still influenced by the FUDs. Even they will make a realistic decision, it doesn't mean they are not influenced at all.
By the way, professional people must always update the information. So, they won't be deceived by the FUDs.
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As a professional trader they will not be affected by FUD, because they have their own analysis and predictions. They will study the coins they hold and do analysis. Always focus on watching the market if there is FUD, stay calm because the market may be affected temporarily. So the market will find its own way after FUD no longer affects.
I think even professional traders, must be influenced by the FUDs. But they won't panic because they have been familiar with FUDs. Professional traders may change their strategy when there is FUDs. It means they are still influenced by the FUDs. Even they will make a realistic decision, it doesn't mean they are not influenced at all.
By the way, professional people must always update the information. So, they won't be deceived by the FUDs.
Agree with you, a professional trader will change strategy when there is FUD, they are also affected but do not panic because they already have a lot of experience. because we know FUD will always be there, it's just how we deal with it.
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As a professional trader they will not be affected by FUD, because they have their own analysis and predictions. They will study the coins they hold and do analysis. Always focus on watching the market if there is FUD, stay calm because the market may be affected temporarily. So the market will find its own way after FUD no longer affects.
I think even professional traders, must be influenced by the FUDs. But they won't panic because they have been familiar with FUDs. Professional traders may change their strategy when there is FUDs. It means they are still influenced by the FUDs. Even they will make a realistic decision, it doesn't mean they are not influenced at all.
By the way, professional people must always update the information. So, they won't be deceived by the FUDs.
Agree with you, a professional trader will change strategy when there is FUD, they are also affected but do not panic because they already have a lot of experience. because we know FUD will always be there, it's just how we deal with it.
FUD or any types of possible positive manipulation is somehting which is already that part of this market and its true that once you are already that experienced then it would be impossible
that you cant be able to have that kind of awareness on what are the actions that you would really be needing to do. There's a huge difference in between experienced trader and to those
who doesnt know on what they are doing or simply with those noobs. If you are really that trying out to make some sustaining venture with trading then of course you would really be
needing to make yourself learn on whatever you do able to encounter along the way. The more experienced you are the more better you would become.
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FUD or any types of possible positive manipulation is somehting which is already that part of this market and its true that once you are already that experienced then it would be impossible
that you cant be able to have that kind of awareness on what are the actions that you would really be needing to do. There's a huge difference in between experienced trader and to those
who doesnt know on what they are doing or simply with those noobs. If you are really that trying out to make some sustaining venture with trading then of course you would really be
needing to make yourself learn on whatever you do able to encounter along the way. The more experienced you are the more better you would become.
Well, regarding the FUD that can be caused or any other type of feeling that is given through news, whether it be through newscasts, social networks or the like, things work for the masses in the same way, but when do the changes occur? When people see the news in the correct way , for example for me bad news about bitcoin means buying, but for the masses in general it means selling, good news for me means selling, when everyone else what they do is buy, and this is something that is fulfilled almost entirely with an accuracy of approximately 90%, the other 10% for me is debatable.
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FUD or any types of possible positive manipulation is somehting which is already that part of this market and its true that once you are already that experienced then it would be impossible
that you cant be able to have that kind of awareness on what are the actions that you would really be needing to do. There's a huge difference in between experienced trader and to those
who doesnt know on what they are doing or simply with those noobs. If you are really that trying out to make some sustaining venture with trading then of course you would really be
needing to make yourself learn on whatever you do able to encounter along the way. The more experienced you are the more better you would become.
Well, re
garding the FUD that can be caused or any other type of feeling that is given through news, whether it be through newscasts, social networks or the like, things work for the masses in the same way, but when do the changes occur? When people see the news in the correct way , for example for me bad news about bitcoin means buying, but for the masses in general it means selling, good news for me means selling, when everyone else what they do is buy, and this is something that is fulfilled almost entirely with an accuracy of approximately 90%, the other 10% for me is debatable.
I agree with you, if reading bad news means it's time for us to buy, because the crypto market will react to the news and there will be a correction. If we feel the price has gone down, make a purchase and start holding. And when I hear good news, I will wait for the price to go up high and sell it.
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I agree with you, if reading bad news means it's time for us to buy, because the crypto market will react to the news and there will be a correction. If we feel the price has gone down, make a purchase and start holding. And when I hear good news, I will wait for the price to go up high and sell it.
A simple strategy, buy when you hear bad news and sell when the news is good, but the time interval between good news and bad news will last a long time, will we hold it that long? I do that but I also see and focus on the movement when buying when bad news blows, after buying I will see the market if it has reached the target I want I will immediately sell without waiting for good news.
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FUD or any types of possible positive manipulation is somehting which is already that part of this market and its true that once you are already that experienced then it would be impossible
that you cant be able to have that kind of awareness on what are the actions that you would really be needing to do. There's a huge difference in between experienced trader and to those
who doesnt know on what they are doing or simply with those noobs. If you are really that trying out to make some sustaining venture with trading then of course you would really be
needing to make yourself learn on whatever you do able to encounter along the way. The more experienced you are the more better you would become.
Well, re
garding the FUD that can be caused or any other type of feeling that is given through news, whether it be through newscasts, social networks or the like, things work for the masses in the same way, but when do the changes occur? When people see the news in the correct way , for example for me bad news about bitcoin means buying, but for the masses in general it means selling, good news for me means selling, when everyone else what they do is buy, and this is something that is fulfilled almost entirely with an accuracy of approximately 90%, the other 10% for me is debatable.
I agree with you, if reading bad news means it's time for us to buy, because the crypto market will react to the news and there will be a correction. If we feel the price has gone down, make a purchase and start holding. And when I hear good news, I will wait for the price to go up high and sell it.
Yes, I would say that it always works, very rarely not, of course when it is a global event like a fundamental, that is, a war or something that can really cause the markets to go down, as is the main example of covid when it came out, which affected all markets, however bitcoin did not suffer as much of a fall as those of speculative markets, such as the stock market, forex, among others, here bitcoin went down but not as much, this was something that affected the world a lot, I would call that a fundamental that turns off any type of speculation.
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Yes, I would say that it always works, very rarely not, of course when it is a global event like a fundamental, that is, a war or something that can really cause the markets to go down, as is the main example of covid when it came out, which affected all markets, however bitcoin did not suffer as much of a fall as those of speculative markets, such as the stock market, forex, among others, here bitcoin went down but not as much, this was something that affected the world a lot, I would call that a fundamental that turns off any type of speculation.
Not only war, but inflation will also affect the price of bitcoin due to reduced demand for bitcoin. when covid occurred because many countries were locking down, so many citizens could not work, it made many new investors come to the crypto world because they were looking for income from investing in crypto, that's what kept the price of bitcoin from falling at that time.
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I agree with you, if reading bad news means it's time for us to buy, because the crypto market will react to the news and there will be a correction. If we feel the price has gone down, make a purchase and start holding. And when I hear good news, I will wait for the price to go up high and sell it.
Don't apply this way in all coins!
It is no problem if you buy Bitcoin or Ethereum every time we have bad news. But if you want to buy random coins, you must consider many things. Especially for new coins, it will be bad decision to buy them every time you hear bad news. How if the prices of those coins will never increase again? Some new coins even can disappear due to some factors. But if you apply this way for Bitcoin or Ethereum, I think it will be no problem.
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Don't apply this way in all coins!
It is no problem if you buy Bitcoin or Ethereum every time we have bad news. But if you want to buy random coins, you must consider many things. Especially for new coins, it will be bad decision to buy them every time you hear bad news. How if the prices of those coins will never increase again? Some new coins even can disappear due to some factors. But if you apply this way for Bitcoin or Ethereum, I think it will be no problem.
The main point is the fundamentals of the coin in question... if it has strong fundamentals that can guarantee that the coin can survive for a long time, then bad news is a good moment to buy... it's different if the coin in question has weak fundamentals, sometimes bad news can be the end of the coin... so I agree with you by filtering only the best coins, it can provide great profit potential in the future because of the low buying point.
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I agree with you, if reading bad news means it's time for us to buy, because the crypto market will react to the news and there will be a correction. If we feel the price has gone down, make a purchase and start holding. And when I hear good news, I will wait for the price to go up high and sell it.
Don't apply this way in all coins!
you’re correct i have seen many projects be hit by bad news and they never recovered most people who hold low marketcap altcoins will let go of these coins the moment it gets hit by bad news usually because unlike with bitcoin and ethereum there is no trust and faith yet and it is still very easy to let go
it’s very rare for a coin to bounce back after some bad news and even if it does, it doesn’t recover as fast as bitcoin does
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A simple strategy, buy when you hear bad news and sell when the news is good, but the time interval between good news and bad news will last a long time, will we hold it that long? I do that but I also see and focus on the movement when buying when bad news blows, after buying I will see the market if it has reached the target I want I will immediately sell without waiting for good news.
That is up to the person who buys it, I personally when there is bad news it spreads very quickly, and I think that in less than 1 month the price recovers, that is what I have seen, when there is good news it usually lasts a little longer, in fact if we have to see when bitcoin is going to go up it takes a long time to do so, but to go down it is immediate, and even to trade, when one levels off in a bearish market it is violent, very fast, but when we leverage ourselves in a buillish market it lasts much longer and is riskier.
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I agree with you, if reading bad news means it's time for us to buy, because the crypto market will react to the news and there will be a correction. If we feel the price has gone down, make a purchase and start holding. And when I hear good news, I will wait for the price to go up high and sell it.
Don't apply this way in all coins!
you’re correct i have seen many projects be hit by bad news and they never recovered most people who hold low marketcap altcoins will let go of these coins the moment it gets hit by bad news usually because unlike with bitcoin and ethereum there is no trust and faith yet and it is still very easy to let go
it’s very rare for a coin to bounce back after some bad news and even if it does, it doesn’t recover as fast as bitcoin does
Indeed, low cap altcoins are more susceptible to bad news because the majorities of investors do not have as much faith in them as they do in Bitcoin or Ethereum, for example. This is usually due to the fact that when a project is hit with bad news or a crisis, the holders of altcoins dump their altcoins thus bringing down the value. This highlights the significance of the trust and confidence factor as a factor in the functioning of the crypto market. Unlike the majority of altcoins, Bitcoin and Ethereum have stronger ground to stand on, meaning even if they fall, they are capable of bouncing back because there is more belief in their prospects among the users.
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I agree with you, if reading bad news means it's time for us to buy, because the crypto market will react to the news and there will be a correction. If we feel the price has gone down, make a purchase and start holding. And when I hear good news, I will wait for the price to go up high and sell it.
Don't apply this way in all coins!
you’re correct i have seen many projects be hit by bad news and they never recovered most people who hold low marketcap altcoins will let go of these coins the moment it gets hit by bad news usually because unlike with bitcoin and ethereum there is no trust and faith yet and it is still very easy to let go
it’s very rare for a coin to bounce back after some bad news and even if it does, it doesn’t recover as fast as bitcoin does
It depends on the project and your believe in it - with the right analysis, you can think that you have odds of a coin bouncing back, but it becomes too big of a risk if that's a small coin, or it's a brand new one.
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FUD or any types of possible positive manipulation is somehting which is already that part of this market and its true that once you are already that experienced then it would be impossible
that you cant be able to have that kind of awareness on what are the actions that you would really be needing to do. There's a huge difference in between experienced trader and to those
who doesnt know on what they are doing or simply with those noobs. If you are really that trying out to make some sustaining venture with trading then of course you would really be
needing to make yourself learn on whatever you do able to encounter along the way. The more experienced you are the more better you would become.
Well, regarding the FUD that can be caused or any other type of feeling that is given through news, whether it be through newscasts, social networks or the like, things work for the masses in the same way, but when do the changes occur? When people see the news in the correct way , for example for me bad news about bitcoin means buying, but for the masses in general it means selling, good news for me means selling, when everyone else what they do is buy, and this is something that is fulfilled almost entirely with an accuracy of approximately 90%, the other 10% for me is debatable.
Trading is very important issue for best profitable in cryptocurrency world. But if we don’t understand in trading or invest in cryptocurrency market, we must be face in losses. Because if we can not understand in cryptocurrency world, we doing loss. I also believe that a good trader almost time careful in this issues. So that he will be able to success in trade or invest in cryptocurrency market. So i think that if you want to gain best profit from trading, you shouldn’t be rush.
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We should learnt o avoid doing things in a rush, when we are doing them in a step by step procedures doesn't means that we are delaying or making it go slow, but we are having the understanding of doing such in other to avoid making mistakes, some have made some costly mistakes at the cause of things like this, because they couldn't manage to endure for a little time left for them to achieve some specific targets in like, instead they rushed in and rushed out.
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We should learnt o avoid doing things in a rush, when we are doing them in a step by step procedures doesn't means that we are delaying or making it go slow, but we are having the understanding of doing such in other to avoid making mistakes, some have made some costly mistakes at the cause of things like this, because they couldn't manage to endure for a little time left for them to achieve some specific targets in like, instead they rushed in and rushed out.
Anything that we do in rush, won't end up with good result. This is also the same as in trading. It is a bad idea to rush in trading, we may trade with lack of knowledge. This will lead to improper way of our trading strategy.
Indeed, we must follow the steps. We must begin with learning carefully everything. There are many things to be learned in trading, it is not as simple as we expected. And after we learn it successfully, we can try "demo trading" firstly before we begin real trading. This is the way to avoid mistakes in trading. This way actually don't spend too much time if we can focus on it. But if we don't focus, it may take a lot of time. ;)
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Not only war, but inflation will also affect the price of bitcoin due to reduced demand for bitcoin. when covid occurred because many countries were locking down, so many citizens could not work, it made many new investors come to the crypto world because they were looking for income from investing in crypto, that's what kept the price of bitcoin from falling at that time.
You're right, when there was that terrible pandemic, many people became desperate, not only did investors trust in bitcoin, there were also many who, in order to get out of their desperation, began to gamble in casinos, so at that time crypto and casinos were the most profitable businesses, then in this sense things can move towards doing things digitally, teleworking and everyone changed to take care of themselves, so you're right, covid-19 marked a global milestone in that sense.
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Not only war, but inflation will also affect the price of bitcoin due to reduced demand for bitcoin. when covid occurred because many countries were locking down, so many citizens could not work, it made many new investors come to the crypto world because they were looking for income from investing in crypto, that's what kept the price of bitcoin from falling at that time.
You're right, when there was that terrible pandemic, many people became desperate, not only did investors trust in bitcoin, there were also many who, in order to get out of their desperation, began to gamble in casinos, so at that time crypto and casinos were the most profitable businesses, then in this sense things can move towards doing things digitally, teleworking and everyone changed to take care of themselves, so you're right, covid-19 marked a global milestone in that sense.
during the covid 19 pandemic we saw many people starting to protect themselves and stay at home and do trading or investing in crypto. We thought at that time the price of crypto would go down, but it turned out that the crypto market was busy at that time and I also made a big profit at that time because my office was locked down and I was working from home.
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Not only war, but inflation will also affect the price of bitcoin due to reduced demand for bitcoin. when covid occurred because many countries were locking down, so many citizens could not work, it made many new investors come to the crypto world because they were looking for income from investing in crypto, that's what kept the price of bitcoin from falling at that time.
You're right, when there was that terrible pandemic, many people became desperate, not only did investors trust in bitcoin, there were also many who, in order to get out of their desperation, began to gamble in casinos, so at that time crypto and casinos were the most profitable businesses, then in this sense things can move towards doing things digitally, teleworking and everyone changed to take care of themselves, so you're right, covid-19 marked a global milestone in that sense.
during the covid 19 pandemic we saw many people starting to protect themselves and stay at home and do trading or investing in crypto. We thought at that time the price of crypto would go down, but it turned out that the crypto market was busy at that time and I also made a big profit at that time because my office was locked down and I was working from home.
Yeah, In the midst of problematic situations encountered during the pandemic, a lot of individuals are taking steps to upgrade their skills and learning. The treatment of investment and money management within academia may produce valuable information, possibly leading to future rewards. Not only should we be using our time at home to reinforce our existing interests, but we also have an opportunity to try out new hobbies which can considerably enrich our experiences. This experience also remembers us of the critical job networks and communities, including both online and offline spaces, play. Interacting or sharing experiences with others can lead to new opportunity alongside surprising inspiration. Getting together with others to help will support us moving forward with more clarity and preparing us for the future challenges.
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
A lot of people take crypto trading as gambling that's why they rush into and blow their accounts multiple times. To become a profitable trader takes time and you'd need to have a lot of experience, this means you might make some mistakes but you are definitely going to learn from them to become a better trader. For someone that's intermediate you shouldn't focus on future trading just like you said spot trading would be fine then after getting acquainted with the technicalities of the market you can advance into doing that. Been in the crypto space for three months doesn't make you an expert or just because you tried out a demo account doesn't mean you can handle a live account, take sometime to study and understand it first
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Trading is very important issue for best profitable in cryptocurrency world. But if we don’t understand in trading or invest in cryptocurrency market, we must be face in losses. Because if we can not understand in cryptocurrency world, we doing loss. I also believe that a good trader almost time careful in this issues. So that he will be able to success in trade or invest in cryptocurrency market. So i think that if you want to gain best profit from trading, you shouldn’t be rush.
It is a fact, whatever the way we must be prepared to win and lose, of course nobody wants to go through the terrible suffering of losing, but so that it does not affect us we must understand that sometimes losing in trading whether crypto or any action is something normal, the important thing is to know how to manage the balance that we are willing to lose so that it does not get worse and we end up losing everything and worse still, we do not fall into addictions unnecessarily, then the psychological factor is fundamental in everything.
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Not only war, but inflation will also affect the price of bitcoin due to reduced demand for bitcoin. when covid occurred because many countries were locking down, so many citizens could not work, it made many new investors come to the crypto world because they were looking for income from investing in crypto, that's what kept the price of bitcoin from falling at that time.
You're right, when there was that terrible pandemic, many people became desperate, not only did investors trust in bitcoin, there were also many who, in order to get out of their desperation, began to gamble in casinos, so at that time crypto and casinos were the most profitable businesses, then in this sense things can move towards doing things digitally, teleworking and everyone changed to take care of themselves, so you're right, covid-19 marked a global milestone in that sense.
during the covid 19 pandemic we saw many people starting to protect themselves and stay at home and do trading or investing in crypto. We thought at that time the price of crypto would go down, but it turned out that the crypto market was busy at that time and I also made a big profit at that time because my office was locked down and I was working from home.
Covid-19 period was an unforgettable time and experience for many people and not only those in the crypto world. I can remember vividly at that time, I was not already into crypto. I wish I had knowledge about it by then. Many people got in during those times and made a lot of profits from investing and learning about crypto trading. I might have just got something to keep me busy by that time. But one thing about crypto is that, you can never be too late into the party and I’m so happy how far I’ve come since I learned and joined the crypto space. It has been an interesting journey that we forever cherish every moment.
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Covid-19 period was an unforgettable time and experience for many people and not only those in the crypto world. I can remember vividly at that time, I was not already into crypto. I wish I had knowledge about it by then. Many people got in during those times and made a lot of profits from investing and learning about crypto trading. I might have just got something to keep me busy by that time. But one thing about crypto is that, you can never be too late into the party and I’m so happy how far I’ve come since I learned and joined the crypto space. It has been an interesting journey that we forever cherish every moment.
For many it was something new and now things look this way, because some did trading, others played in casinos, and they did well, others did badly, and others so-so, however these types of activities were done out of desperation, and that in part made many enter the world of crypto, and the main reason is that, the need to make money, that is something that is desperate, since many can say that things are very strong and in crypto there is that slight way of being able to get ahead, I like it when there are people who are doing well despite the way they entered.
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Covid-19 period was an unforgettable time and experience for many people and not only those in the crypto world. I can remember vividly at that time, I was not already into crypto. I wish I had knowledge about it by then. Many people got in during those times and made a lot of profits from investing and learning about crypto trading. I might have just got something to keep me busy by that time. But one thing about crypto is that, you can never be too late into the party and I’m so happy how far I’ve come since I learned and joined the crypto space. It has been an interesting journey that we forever cherish every moment.
For many it was something new and now things look this way, because some did trading, others played in casinos, and they did well, others did badly, and others so-so, however these types of activities were done out of desperation, and that in part made many enter the world of crypto, and the main reason is that, the need to make money, that is something that is desperate, since many can say that things are very strong and in crypto there is that slight way of being able to get ahead, I like it when there are people who are doing well despite the way they entered.
Yes, during the Covid-19 pandemic, we saw many people starting to invest in crypto because of necessity, where many businesses were locked down while they needed money to meet their living needs, they finally started investing in crypto and some may have been active in gambling. Thankfully, we have survived that difficult time safely.
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Yes, during the Covid-19 pandemic, we saw many people starting to invest in crypto because of necessity, where many businesses were locked down while they needed money to meet their living needs, they finally started investing in crypto and some may have been active in gambling. Thankfully, we have survived that difficult time safely.
People saw the potential of crypto investment, specifically since the person like Elon Musk supported crypto at that time. During Covid-19, we also realized that stock market was decreasing as well. So, many stock investors joined crypto investment as well. This makes a big hype in crypto investment.
There are some people who gamble but many people prefer invest in crypto or do bounties. Not everyone wants to gamble, some assume it is bad activity. However, it is true that we must thanks to the GOD. We still can get money from any sources, we can survive during the Covid-19.
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Yes, during the Covid-19 pandemic, we saw many people starting to invest in crypto because of necessity, where many businesses were locked down while they needed money to meet their living needs, they finally started investing in crypto and some may have been active in gambling. Thankfully, we have survived that difficult time safely.
People saw the potential of crypto investment, specifically since the person like Elon Musk supported crypto at that time. During Covid-19, we also realized that stock market was decreasing as well. So, many stock investors joined crypto investment as well. This makes a big hype in crypto investment.
There are some people who gamble but many people prefer invest in crypto or do bounties. Not everyone wants to gamble, some assume it is bad activity. However, it is true that we must thanks to the GOD. We still can get money from any sources, we can survive during the Covid-19.
We have been through a difficult time during the pandemic because many activities were restricted. You are right, because during covid the stock price fell and many stock investors turned to crypto, which made crypto very popular and helped many people to earn income during covid, some participated in bounty campaigns, airdrops and some focused on trading in crypto.
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Yes, because for people who believe in Bitcoin, they must have very strong strength and reasons why they are willing to hold for a very long time. even for years, surviving all bad rumors and FUD. for the sake of the desire and hope to truly meet the real bullrun era.
And if the strategy is to hold, do it, while increasing the accumulation of Bitcoin and other top altcoins that are thought to have high potential to go up again. it's just that this does require full patience and caution.
The thing is that Hodl will always be the best strategy, there is no doubt about that, as long as we have BTC it will always be good to be there following it, besides we are about to complete the 4 year cycle where probably the price could take a bullish jump and could bring benefits for many, that is what should be seen, however I am one of those who think that sometimes these cycles may or may not occur, but it is a fact that bitcoin would go up, the more you can buy btc or have even a little it is better to have it in nodo Hodl until you see benefits.
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Yes, because for people who believe in Bitcoin, they must have very strong strength and reasons why they are willing to hold for a very long time. even for years, surviving all bad rumors and FUD. for the sake of the desire and hope to truly meet the real bullrun era.
And if the strategy is to hold, do it, while increasing the accumulation of Bitcoin and other top altcoins that are thought to have high potential to go up again. it's just that this does require full patience and caution.
The thing is that Hodl will always be the best strategy, there is no doubt about that, as long as we have BTC it will always be good to be there following it, besides we are about to complete the 4 year cycle where probably the price could take a bullish jump and could bring benefits for many, that is what should be seen, however I am one of those who think that sometimes these cycles may or may not occur, but it is a fact that bitcoin would go up, the more you can buy btc or have even a little it is better to have it in nodo Hodl until you see benefits.
As long as I follow the 4 -year cycle, I think Bullish Eason always occurs but the time is different after Halving. So we must always monitor the market if you want a long -term hold because the bullish season is the best time to sell our coins if planning a long -term hold.
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As long as I follow the 4 -year cycle, I think Bullish Eason always occurs but the time is different after Halving. So we must always monitor the market if you want a long -term hold because the bullish season is the best time to sell our coins if planning a long -term hold.
Yes, I agree with you, generally the 4 year cycle of bitcoin is very important for a bitcoin investor and bitcoin. We see a halving event every four years, and each halving event is usually followed by a bullish season, and the best time for holders to sell their Bitcoin holdings after that bullish season is often the time to maximize profits. But this definitely requires market monitoring and proper research. And for this must continue long term investment.
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People saw the potential of crypto investment, specifically since the person like Elon Musk supported crypto at that time. During Covid-19, we also realized that stock market was decreasing as well. So, many stock investors joined crypto investment as well. This makes a big hype in crypto investment.
There are some people who gamble but many people prefer invest in crypto or do bounties. Not everyone wants to gamble, some assume it is bad activity. However, it is true that we must thanks to the GOD. We still can get money from any sources, we can survive during the Covid-19.
Yes COVID19 pandemic changed how people invest their money. Many turned to cryptocurrency crypto when stock market struggling and crashing. Famous people like Elon Musk helped make crypto more popular. Like I remember I saw Bitcoin at $4000 in COVID days.
Some think crypto is risky but others see it as smart investment or way to earn extra money. During pandemic people looked for new ways to make money and they entered in crypto and crypto helped them.
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Trading is all professional game, skill is very important. When a trader starts trading without trading knowledge, he risks his capital and at some point he loses his capital and leaves the market. Futures trading is most dangerous for a new trader, even many experienced traders avoid futures trading. Traders must develop trading skills before starting trading to protect their funds from major losses. A new trader should always trade in major pairs, so as not to panic and lose due to excessive volatility, risk management will allow a trader to try to keep funds safe even in bad conditions.
People don't think it's a game of professionalism they see it as a game of luck just like gambling so they don't bother to spend much time learning about the market properly before investing in it. From your post you seem to be acquainted with trading, how long should a beginner devote time to learning and studying? How many months do you recommend? Trading requires a high level of skill set, understanding the market will give you a Little leverage, risk management is very important, no matter how certain you think you are as a trader always learn to invest reasonably and don't always wait for trade to always be 100 percent, sometimes learn to take profit when it gets to a certain level
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Trading is all professional game, skill is very important. When a trader starts trading without trading knowledge, he risks his capital and at some point he loses his capital and leaves the market. Futures trading is most dangerous for a new trader, even many experienced traders avoid futures trading. Traders must develop trading skills before starting trading to protect their funds from major losses. A new trader should always trade in major pairs, so as not to panic and lose due to excessive volatility, risk management will allow a trader to try to keep funds safe even in bad conditions.
People don't think it's a game of professionalism they see it as a game of luck just like gambling so they don't bother to spend much time learning about the market properly before investing in it. From your post you seem to be acquainted with trading, how long should a beginner devote time to learning and studying? How many months do you recommend? Trading requires a high level of skill set, understanding the market will give you a Little leverage, risk management is very important, no matter how certain you think you are as a trader always learn to invest reasonably and don't always wait for trade to always be 100 percent, sometimes learn to take profit when it gets to a certain level
Trading is a method to gain profit consistently where we must have sufficient knowledge and experience, a newbie can start trading by learning how to make analysis, read charts and predict short-term prices. This takes a long time, if focused it may take 3 years to have good knowledge and experience.
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Well I myself am at fault at this
Back then when I was new to trading I thought once I had understood what trading is all about and after using demo for a short period of time I rushed into trading with my money even went as far as borrowing money to trade
Well long story short I ended of in a lot of debt I had to go back to the basics and start learning how to trade from the basics
My advise to people who are new to the game is that they should take there time to learn what should be learnt and should have it in mind that trading is not something you get into just to get quick wealth
It comes with a lot of loses and heartbreaks but if you are determined you will surely get there
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Yes, during the Covid-19 pandemic, we saw many people starting to invest in crypto because of necessity, where many businesses were locked down while they needed money to meet their living needs, they finally started investing in crypto and some may have been active in gambling. Thankfully, we have survived that difficult time safely.
It is a blessing that this happened and many of us are alive, although I was with many people who had Covid and then, thank God the Heavenly Father, I never got that disease, somehow I knew that it was not for me, and many people who were friends did have to live with seeing their relatives die, it is hard, the only option they saw was to invest in crypto and play in a casino until they saw some hope there, that is why so many people learn about crypto and gambling, out of desperation.
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People don't think it's a game of professionalism they see it as a game of luck just like gambling so they don't bother to spend much time learning about the market properly before investing in it. From your post you seem to be acquainted with trading, how long should a beginner devote time to learning and studying? How many months do you recommend? Trading requires a high level of skill set, understanding the market will give you a Little leverage, risk management is very important, no matter how certain you think you are as a trader always learn to invest reasonably and don't always wait for trade to always be 100 percent, sometimes learn to take profit when it gets to a certain level
Yes Many people wrongly think trading is just about luck like gambling instead of skilled profession. This means they do not spend enough time learning about market before investing. Trading requires a lot of skill and knowledge so beginners should spend several months learning and studying.
Good plan is to spend 6-12 months focusing on understanding market and managing risks and developing strategies. It is important to be cautious and realistic knowing no trade is completely guaranteed. Instead of this take disciplined approac investing wisely and taking profits when it makes sense. Always keep learning and improving to succeed in trading and minimize losses.
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People don't think it's a game of professionalism they see it as a game of luck just like gambling so they don't bother to spend much time learning about the market properly before investing in it. From your post you seem to be acquainted with trading, how long should a beginner devote time to learning and studying? How many months do you recommend? Trading requires a high level of skill set, understanding the market will give you a Little leverage, risk management is very important, no matter how certain you think you are as a trader always learn to invest reasonably and don't always wait for trade to always be 100 percent, sometimes learn to take profit when it gets to a certain level
Yes Many people wrongly think trading is just about luck like gambling instead of skilled profession. This means they do not spend enough time learning about market before investing. Trading requires a lot of skill and knowledge so beginners should spend several months learning and studying.
Good plan is to spend 6-12 months focusing on understanding market and managing risks and developing strategies. It is important to be cautious and realistic knowing no trade is completely guaranteed. Instead of this take disciplined approac investing wisely and taking profits when it makes sense. Always keep learning and improving to succeed in trading and minimize losses.
I like reading your comments, we need 6-12 years to become a trader who has skills and expertise in trading. because trading is not just about seeking profit but must learn to seek knowledge, experience and have skills in trading. If we are skilled and expert of course it is easy to get high profits.
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Trading is a method to gain profit consistently where we must have sufficient knowledge and experience, a newbie can start trading by learning how to make analysis, read charts and predict short-term prices. This takes a long time, if focused it may take 3 years to have good knowledge and experience.
There is no guarantee to earn profits consistently in trading. Sure, we need good knowledge and experience in trading, this will increase the chance to get profits. However, it is always not easy, sometimes we have many unpredictable situation in crypto market. This may lead to losses or earning small profits only. Anyway, to have good knowledge, it is not always to spend few years. Some people have good knowledge in few months only.
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There is no guarantee to earn profits consistently in trading. Sure, we need good knowledge and experience in trading, this will increase the chance to get profits. However, it is always not easy, sometimes we have many unpredictable situation in crypto market. This may lead to losses or earning small profits only. Anyway, to have good knowledge, it is not always to spend few years. Some people have good knowledge in few months only.
Sometimes we have done research and analysis properly and we start making plans, but suddenly there is bad news that has an impact on crypto so that a correction occurs, this is what makes a trader even though professional will have mistakes in predictions. and this will always happen in trading. That's why we say there is no guarantee that our predictions and analysis are accurate because external factors will also affect prices.
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We have been through a difficult time during the pandemic because many activities were restricted. You are right, because during covid the stock price fell and many stock investors turned to crypto, which made crypto very popular and helped many people to earn income during covid, some participated in bounty campaigns, airdrops and some focused on trading in crypto.
Exactly. We have too many limitation when we were in the Covid years. It influenced the digital investment as well, including stock and crypto investment. Since Stock market dropped massively at that time, people moved to crypto investment that could survive well during Covid crisis. This makes crypto becomes more popular, many new people joined crypto industry. Sure, we also tried to get side income from airdrop, bounty, and trading field.
Yes COVID19 pandemic changed how people invest their money. Many turned to cryptocurrency crypto when stock market struggling and crashing.
People tried getting alternative in investment at that time. Crypto is their choice because crypto becomes popular and there are some good news. However, I don't know if there are many of the people can stay a long time in crypto investment. Some of them quite early because they misunderstand crypto investment.
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There is no guarantee to earn profits consistently in trading. Sure, we need good knowledge and experience in trading, this will increase the chance to get profits. However, it is always not easy, sometimes we have many unpredictable situation in crypto market. This may lead to losses or earning small profits only. Anyway, to have good knowledge, it is not always to spend few years. Some people have good knowledge in few months only.
Sometimes we have done research and analysis properly and we start making plans, but suddenly there is bad news that has an impact on crypto so that a correction occurs, this is what makes a trader even though professional will have mistakes in predictions. and this will always happen in trading. That's why we say there is no guarantee that our predictions and analysis are accurate because external factors will also affect prices.
In trading something may happen in the market and out of our analyze and research we can’t change those things. This uncertainty is a good lesson in accepting the fact that the results of any of these models may not always turn out as predicted. People with receptive attitude and the desire for change are ready to go further and adapt the handling while staying aligned to the plan.
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There is always an advice and they have always been an advice, the problem is that will the people involve embrace the advice? Even if they decide to embrace the advice on their own, will greed allow them? Most people that joins the trading bandwagon just because Peter my friend did it and was successful, I will also do it and be successful. Afterall, I am smarter than him. This is not all about smart, do you know how far Peter is ahead of you in knowledge of trading?
Good advise, but will greedy allow them to learn? Most newbies want to go into trading and make quick money without proper knowledge of it and that's a bad habit in trading. My very first trading experience I was told how to make money without realizing that it involves many risks because I didn't know anything about trading at the time.
This man claimed to be an expert in trading and was actually making money from trading at the time, so he asked me to bring some cash so he could teach me how to do it. What saved me, I couldn't afford the money he asked for, because he said that was the fix price I would pay, and he was encouraging me by telling me that I would get everything back and make more profits.
Shortly after, I stopped seeing him, and when I asked about him, I was told that he had left town because he had lost an amount of money that had negatively impacted his health. That's when I realized he wasn't giving me full details about trading, and I noticed that there is more to learn about it than just making money.
The chances of making profits in trading is good knowledge and experience, and knowing risk management is crucial. We need also learn how to control our emotions. No matter your degree of expertise in trading, always invest wisely.
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Sometimes we have done research and analysis properly and we start making plans, but suddenly there is bad news that has an impact on crypto so that a correction occurs, this is what makes a trader even though professional will have mistakes in predictions. and this will always happen in trading. That's why we say there is no guarantee that our predictions and analysis are accurate because external factors will also affect prices.
However, even if we have carried out much research and much analysis, there are indeed unpredictable events outside the business operating environment, such as a piece of news that shifts the direction of the business. This scenario is not rare for making our forecasts inaccurate, to the highest levels of experience, the trading world is always full of random factors likely to contribute to the fluctuation of prices.
This is what makes trading so versatile and this is how we learn to stick with the combinations we have. The fact that analysis can sometimes provide wrong information brings a reminder that adaptation should still remain a priority at all times. I think this is exactly the reason why we get a chance to study further and build our defense against the shifting market environment.
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Sometimes we have done research and analysis properly and we start making plans, but suddenly there is bad news that has an impact on crypto so that a correction occurs, this is what makes a trader even though professional will have mistakes in predictions. and this will always happen in trading. That's why we say there is no guarantee that our predictions and analysis are accurate because external factors will also affect prices.
However, even if we have carried out much research and much analysis, there are indeed unpredictable events outside the business operating environment, such as a piece of news that shifts the direction of the business. This scenario is not rare for making our forecasts inaccurate, to the highest levels of experience, the trading world is always full of random factors likely to contribute to the fluctuation of prices.
This is what makes trading so versatile and this is how we learn to stick with the combinations we have. The fact that analysis can sometimes provide wrong information brings a reminder that adaptation should still remain a priority at all times. I think this is exactly the reason why we get a chance to study further and build our defense against the shifting market environment.
News will greatly affect the crypto market, this is a fact that always happens. We have made an analysis, developed a strategy but it turns out that the market conditions suddenly change and finally we have to see that our predictions and analysis are wrong and may be trapped in the price or we do a stop loss. to reduce losses when the market price drops sharply.
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Sometimes we have done research and analysis properly and we start making plans, but suddenly there is bad news that has an impact on crypto so that a correction occurs, this is what makes a trader even though professional will have mistakes in predictions. and this will always happen in trading. That's why we say there is no guarantee that our predictions and analysis are accurate because external factors will also affect prices.
However, even if we have carried out much research and much analysis, there are indeed unpredictable events outside the business operating environment, such as a piece of news that shifts the direction of the business. This scenario is not rare for making our forecasts inaccurate, to the highest levels of experience, the trading world is always full of random factors likely to contribute to the fluctuation of prices.
This is what makes trading so versatile and this is how we learn to stick with the combinations we have. The fact that analysis can sometimes provide wrong information brings a reminder that adaptation should still remain a priority at all times. I think this is exactly the reason why we get a chance to study further and build our defense against the shifting market environment.
News will greatly affect the crypto market, this is a fact that always happens. We have made an analysis, developed a strategy but it turns out that the market conditions suddenly change and finally we have to see that our predictions and analysis are wrong and may be trapped in the price or we do a stop loss. to reduce losses when the market price drops sharply.
When it comes to trading in the field of cryptocurrency or bitcoin, there are a lot of things to consider. To be honest, that's just one news story that provides updates on the crypto space we live in, because there are other countries that also support this thing. Besides that, what is happening in the market is just like the stock market, in its Dxy price, what is happening.
And if there are big events coming up, like the election that ended in the US, this is also one of the factors that can be added to the factors that can have a rally and, at other times, a downtrend in the market.
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Sometimes we have done research and analysis properly and we start making plans, but suddenly there is bad news that has an impact on crypto so that a correction occurs, this is what makes a trader even though professional will have mistakes in predictions. and this will always happen in trading. That's why we say there is no guarantee that our predictions and analysis are accurate because external factors will also affect prices.
However, even if we have carried out much research and much analysis, there are indeed unpredictable events outside the business operating environment, such as a piece of news that shifts the direction of the business. This scenario is not rare for making our forecasts inaccurate, to the highest levels of experience, the trading world is always full of random factors likely to contribute to the fluctuation of prices.
This is what makes trading so versatile and this is how we learn to stick with the combinations we have. The fact that analysis can sometimes provide wrong information brings a reminder that adaptation should still remain a priority at all times. I think this is exactly the reason why we get a chance to study further and build our defense against the shifting market environment.
News will greatly affect the crypto market, this is a fact that always happens. We have made an analysis, developed a strategy but it turns out that the market conditions suddenly change and finally we have to see that our predictions and analysis are wrong and may be trapped in the price or we do a stop loss. to reduce losses when the market price drops sharply.
Yes crypto market is volatile and we have all been there to see how the prices can turn in a few minutes with any news. In the worst case, no matter how good we are in planning and strategy there are moments when our expectations are incorrect and we have to be ready for making controversial decisions. I think that openness and willingness to change are primary when it comes to the above mentioned alterations. So yes possible, with right approach and positive stance, we can not only, but survive in such conditions and continue to grow to become that much more prepared in the investment phase.
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Yes crypto market is volatile and we have all been there to see how the prices can turn in a few minutes with any news. In the worst case, no matter how good we are in planning and strategy there are moments when our expectations are incorrect and we have to be ready for making controversial decisions.
being a trader you need to be prepared for any and every situation there should always be risk management in your part no matter how much confident you are with your decision and assessment because anything can happen and the market can drop as quick as it rose
i think it is also an essential part of being a trader is being decisive because time is of essence here and anytime the market can change and you might miss your entry or exit points so you need to be firm on your stance and do not be hesitant
I think that openness and willingness to change are primary when it comes to the above mentioned alterations. So yes possible, with right approach and positive stance, we can not only, but survive in such conditions and continue to grow to become that much more prepared in the investment phase.
we always need to learn even if we think we already know everything there is to know it is an unending process and any new knowledge can't be bad
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Futures, leverage and options are not really for beginners and in my opinion should not be attempted at all.
You should take risks only with your money so that you can have better control over your emotions cause there is no added pressure behind your back that will push you to make wrong moves.
As a beginner you can try spot trading with safe pairs like BTC/USDT in mid term.
Yes of a truth, future trading is not meant for newbies or beginners but it is suitable for highly experienced traders.
Just like you mentioned, a newbie should start from the basic on the spot trading options, and should start with own capital, or use a demo account to master the market trends. Future trading required gradual learning processes, with trading courses to gain some experience.
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At the beginning, I will say that no person can achieve success without patience. To achieve success in trading, it is very important to have a lot of patience and complete experience in trading. If a new person thinks of trading without gaining knowledge about trading in the hope of making a profit in a very short time, then that person will definitely be at risk. Therefore, to avoid the risk of trading, beginners should follow experienced people and trade after gaining a perfect understanding of trading.
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At the beginning, I will say that no person can achieve success without patience. To achieve success in trading, it is very important to have a lot of patience and complete experience in trading. If a new person thinks of trading without gaining knowledge about trading in the hope of making a profit in a very short time, then that person will definitely be at risk. Therefore, to avoid the risk of trading, beginners should follow experienced people and trade after gaining a perfect understanding of trading.
true, in trading we must be patient and do not rush to take action if we do not want to get a loss.. in trading we must know when to buy and sell so as to generate big profits, to achieve that we all must have knowledge in this field and be smart in managing trading strategies...
I agree, if beginners must have knowledge so that they know which coins are suitable to trade and besides that they can also manage when to buy and sell them.
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Futures, leverage and options are not really for beginners and in my opinion should not be attempted at all.
You should take risks only with your money so that you can have better control over your emotions cause there is no added pressure behind your back that will push you to make wrong moves.
As a beginner you can try spot trading with safe pairs like BTC/USDT in mid term.
Yes of a truth, future trading is not meant for newbies or beginners but it is suitable for highly experienced traders.
Just like you mentioned, a newbie should start from the basic on the spot trading options, and should start with own capital, or use a demo account to master the market trends. Future trading required gradual learning processes, with trading courses to gain some experience.
Future trading is very risky. I think there is a chance to make a lot of profit in a short period of time and there is a risk of losing all the money in a short period of time. That's why I don't like future trading very much. Future trading seems like gambling to me because gambling is all about luck. Just like future trading depends on luck, if the luck is bad then there is a possibility of losing all the money in a very short time and if the luck is good it is possible to earn several times profit in a very short time. I like spot trading here. like that There is no risk to trade safely.
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This also applies to anyone who is influenced by screenshots of other users who are making thousands of % from futures trading... as OP said, never think of futures trading as a get rich quick scheme, it is totally wrong... trading is not as easy as it seems... it requires thorough analysis, and even luck plays a role.
For new users who want to start trading, never try futures trading before understanding how spot trading works... futures trading is very high risk.
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This also applies to anyone who is influenced by screenshots of other users who are making thousands of % from futures trading... as OP said, never think of futures trading as a get rich quick scheme, it is totally wrong... trading is not as easy as it seems... it requires thorough analysis, and even luck plays a role.
For new users who want to start trading, never try futures trading before understanding how spot trading works... futures trading is very high risk.
Futures trading requires good knowledge and experience, first understand spot trading and then learn to trade futures. Because it is not easy to have expertise in futures trading, it requires accurate analysis and prediction. I have failed several times in futures trading, so the risk is quite large.
It is better if we do not have experience, expertise in futures trading, do trading according to our abilities.
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Futures trading requires good knowledge and experience, first understand spot trading and then learn to trade futures. Because it is not easy to have expertise in futures trading, it requires accurate analysis and prediction. I have failed several times in futures trading, so the risk is quite large.
It is better if we do not have experience, expertise in futures trading, do trading according to our abilities.
For the same reason I have not traded futures because it is very dangerous, things with futures are not only about experience, but also knowing a lot about the fundamentals, also the good use of the broker or the exchange so as not to make a mistake in it, it is very easy to make a mistake when trading futures, and any mistake can mean that things can be worse because you lose money very easily, I have studied trading in general in some time frames, for now I am doing a lot of study on 1 minute trading, knowing how to analyze the charts is something challenging.
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Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
Perfect advice for newbies..!!!!!!
In the physical world it is clearly observed that most set of people tends to persuade a novice about trading crypto all with some mere testimonies which is likely a fables just to device a means to cyphone money from these novice.
Newbies tend to be carried away with the sweetness of hearing the amount of profit made on a trade and are likely pron to forget that it isn't as easy as it seems. And I fell a victim of such when I newly came into crypto.
Trading futures and margin isn't advisable for newbies at all, because they'll end up feeling it's a gamble. Instead of sorting for proper knowledge on how the market trends, understand charts and comprehending the ability to predict the market properly, they'll end up hoping and praying the market moves in the favor of their trade, placing trades blindly.
Spot trading is the simplest form of trading and it's the best for newbies... Because its almost compared to HODL, waiting for the market to rise in price before selling off any token bought. It is characterized by patience and remains the easiest way to start getting insights of trading for newbies