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Author Topic: What is the main reason why you trade  (Read 6551 times)

Offline enwi

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Re: What is the main reason why you trade
« Reply #120 on: November 13, 2024, 01:06:23 PM »
I also invest in meme coins but only for short and medium term investment because I know the risk of meme coins is quite high and we have to be really right in making analysis and predictions because many meme coins are not potential. For meme coins I prefer doge and PEPE because they are quite popular.
It is very tempting to invest in meme coins for the short term investment while it can be very risky if meme coins are to be used for medium term investment, need to do an analysis before coming to a decision. They are so important because many meme coins in the market currently do not have a high growth rate, making the selection critical. These two memes are chosen examples and they are famous among people and may seems to be more valuable because of that.

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Re: What is the main reason why you trade
« Reply #120 on: November 13, 2024, 01:06:23 PM »

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Online Crypto Library

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Re: What is the main reason why you trade
« Reply #121 on: November 13, 2024, 07:14:53 PM »
In choosing coins from altcoins that we will invest in the long term, we must first analyze and observe. because in my opinion only top coins are worth holding for the long term.
Currently I hold altcoins such as etheruem and BNB. because I have confidence that these two coins will last a long time. But now I am also starting to look at TON and Solana.
Indeed when a person wants to do the investment on the altcoin for long-term they must should look at the toptest coin of the crypto market. But person can also invest in the memecoins what are new but he must know about the general analysis knowledge so that he can choose only few coins from the thousands.
And that is why they choose only above coins like the BNB and the Ethereum I also put some of my money in BNB and have some profit and I also invested in the some memecoin and the new projects but I am in loss on those.

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Re: What is the main reason why you trade
« Reply #121 on: November 13, 2024, 07:14:53 PM »

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Offline smartaction

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Re: What is the main reason why you trade
« Reply #122 on: November 14, 2024, 03:40:27 AM »

Bitcoin remains the first choice in investing, but altcoin is a coin that can be used as an alternative to diversify. for those who have knowledge and experience, they also observe the top altcoins and say it can be predicted even though bitcoin remains the safest and least risky choice. but the top altcoins also have a small risk if we are right when entering.
If you do really like some sort of assurance or having that kind of security with your investment in comparing with Bitcoin or altcoins then better stick into Bitcoin and pretty sure that all of us would really be that agreeing into this, it is really just that there are those individuals who do really want or like to earn even more and thats the main reason on why they would
really be trying out to deal with meme coins or into those altcoins on which it is really that in low caps. It will really be that up to you on how you would be dealing up with things
because its impossible that you cant be able to determine in between those risks and its up to someones choice on which one you will be preferring.
playing with meme coins and the like will make you poor, there are indeed a small number of people who are successful by playing meme coins but it's just luck and most people get disappointing results..
but I agree with you, the safest investment is bitcoin and the risk is small and bitcoin in my opinion is the main choice coin for short and long term investment but the good thing is long term because the possibility of bitcoin prices in the future will be even crazier.
Meme coins also gives returns which i won't deny but recent times large number of meme coins in the market so it is difficult to choose a good project. But if one invests for a short period of time and earns a good profit from the investment then it is better to leave the platform quickly because meme coins are generally risky investments where there is chance of losing wealth in a short period of time. If one plan to hold bitcoin for the long term there is no alternative of bitcoin.
I also invest in meme coins but only for short and medium term investment because I know the risk of meme coins is quite high and we have to be really right in making analysis and predictions because many meme coins are not potential. For meme coins I prefer doge and PEPE because they are quite popular.

In the current situation it is very easy to make profit by investing in the market. We can see that bitcoin price has started to increase very much since few days for which investment in meme coins including altcoin can be very easy to make profit. We know that meme coins are great investment.  Although there is a risk, good profit can be made from meme coins now due to the good bitcoin market. If a person chooses meme coins to invest for short term then it will be fine but for long term meme coins are high risk. There are many good meme coins in the market.  There are some very popular coins to invest in so that you don't have to take too much risk.

Offline SmartGold01

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Re: What is the main reason why you trade
« Reply #123 on: November 14, 2024, 09:14:19 AM »

Bitcoin remains the first choice in investing, but altcoin is a coin that can be used as an alternative to diversify. for those who have knowledge and experience, they also observe the top altcoins and say it can be predicted even though bitcoin remains the safest and least risky choice. but the top altcoins also have a small risk if we are right when entering.
If you do really like some sort of assurance or having that kind of security with your investment in comparing with Bitcoin or altcoins then better stick into Bitcoin and pretty sure that all of us would really be that agreeing into this, it is really just that there are those individuals who do really want or like to earn even more and thats the main reason on why they would
really be trying out to deal with meme coins or into those altcoins on which it is really that in low caps. It will really be that up to you on how you would be dealing up with things
because its impossible that you cant be able to determine in between those risks and its up to someones choice on which one you will be preferring.
playing with meme coins and the like will make you poor, there are indeed a small number of people who are successful by playing meme coins but it's just luck and most people get disappointing results..
but I agree with you, the safest investment is bitcoin and the risk is small and bitcoin in my opinion is the main choice coin for short and long term investment but the good thing is long term because the possibility of bitcoin prices in the future will be even crazier.
Meme coins also gives returns which i won't deny but recent times large number of meme coins in the market so it is difficult to choose a good project. But if one invests for a short period of time and earns a good profit from the investment then it is better to leave the platform quickly because meme coins are generally risky investments where there is chance of losing wealth in a short period of time. If one plan to hold bitcoin for the long term there is no alternative of bitcoin.
I also invest in meme coins but only for short and medium term investment because I know the risk of meme coins is quite high and we have to be really right in making analysis and predictions because many meme coins are not potential. For meme coins I prefer doge and PEPE because they are quite popular.

In the current situation it is very easy to make profit by investing in the market. We can see that bitcoin price has started to increase very much since few days for which investment in meme coins including altcoin can be very easy to make profit. We know that meme coins are great investment.  Although there is a risk, good profit can be made from meme coins now due to the good bitcoin market. If a person chooses meme coins to invest for short term then it will be fine but for long term meme coins are high risk. There are many good meme coins in the market.  There are some very popular coins to invest in so that you don't have to take too much risk.
For now I wouldn't encourage any memecoin investment since the market is too tempting to invest, instead bitcoin is more suitable for this position than memecoin as I believe is too volatile to hold memecoin this very moment.
Even though one must invest in memecoin at this tempting period it should be that the person will be active to monitor the market to sell when profit is about 3x to 4x because currently all altcoin seems to be making wave.

Offline LUCKMCFLY

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Re: What is the main reason why you trade
« Reply #124 on: November 15, 2024, 02:40:29 PM »

If the market is down I prefer scalping to buy some potential coins that I will hold until the market recovers and I will sell them for profit. That's what I did when the market was correcting.
There are also traders who see the market going down, they stop trading and wait for the market to improve again, I think it depends on our respective experiences in trading.

Well, I think it's a matter of doing things better. Each person has a way of doing things with respect to what they know about the market. When the market was bearish, I used to feel bad because I only traded on exchanges that didn't allow shorts But when shorts are made and with leverage, things get very good, taking advantage of all the movement. In this regard, things are seen in other ways according to the trader. Each trader has a way of seeing the market and that's how things can practically turn out.
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Offline MUGNIA

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Re: What is the main reason why you trade
« Reply #125 on: November 15, 2024, 05:07:17 PM »


Don't you think a trader can as well become addicted?

not addictive in my opinion where I personally if I get a profit will stop trading and re-enter when the market is correcting and this will become a trader's routine, the word addiction in this case is not in its scope because in trading there will be a saturation period so to avoid losses I usually stop trading

Offline SmartGold01

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Re: What is the main reason why you trade
« Reply #126 on: November 15, 2024, 06:14:44 PM »


Don't you think a trader can as well become addicted?

not addictive in my opinion where I personally if I get a profit will stop trading and re-enter when the market is correcting and this will become a trader's routine, the word addiction in this case is not in its scope because in trading there will be a saturation period so to avoid losses I usually stop trading
You can stop trading but doesn't mean you won't enter the market when you see a good entry points, and of course regular trading may cause addiction but on a neutral ground we didn't see that as addiction rather as an exit point. Yet there are people who would have this luck to exit they wouldn't exit because they see it as on profits but when the market changes direction they lose uncontrollably, and I can say greed also attributes to this actions.

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Re: What is the main reason why you trade
« Reply #126 on: November 15, 2024, 06:14:44 PM »


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Re: What is the main reason why you trade
« Reply #127 on: November 15, 2024, 09:27:39 PM »
Personally, i trade for profit and because i feel better,more comfortable than traditional trading with fiat, and because i like the world of cryptocurrencies, i don't deny that there may be addicted people but I'm not
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Re: What is the main reason why you trade
« Reply #128 on: November 15, 2024, 10:07:31 PM »


Don't you think a trader can as well become addicted?

not addictive in my opinion where I personally if I get a profit will stop trading and re-enter when the market is correcting and this will become a trader's routine, the word addiction in this case is not in its scope because in trading there will be a saturation period so to avoid losses I usually stop trading
You can stop trading but doesn't mean you won't enter the market when you see a good entry points, and of course regular trading may cause addiction but on a neutral ground we didn't see that as addiction rather as an exit point. Yet there are people who would have this luck to exit they wouldn't exit because they see it as on profits but when the market changes direction they lose uncontrollably, and I can say greed also attributes to this actions.
I am not a regular trader, I only enter the market when I have good market analysis and confidence to trade. So I am not addicted, but only take advantage of market trends.
I also have a busy office, so I am not always in front of the monitor to trade.
Trading is something that requires focus, and I can't always focus because there is work in the real world.

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Re: What is the main reason why you trade
« Reply #129 on: November 15, 2024, 11:29:09 PM »
In spot trading we must always monitor the market, because the crypto market is very volatile and suddenly if the price drops we do not lose, usually I use stop loss. Futures trading is more complete but if you do not have experience in futures trading we should not do it.

The use of stop loss is extremely important, expensive when we experience operations that go against us the stop loss is a blessing, because in this way we avoid many problems, especially that they go with all the money, because there are people who do not put it and sometimes they spend a lot of balance, it is better to be cautious, at this point I have not yet done futures for the same reason because I feel that I still need to learn a lot about these low temporalities, in fact I have done trading but in binary options and wow it has cost me because the fundamentals change, that is, they are not the same as those of longer temporalities.

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Offline SmartGold01

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Re: What is the main reason why you trade
« Reply #130 on: November 16, 2024, 12:26:10 PM »


Don't you think a trader can as well become addicted?

not addictive in my opinion where I personally if I get a profit will stop trading and re-enter when the market is correcting and this will become a trader's routine, the word addiction in this case is not in its scope because in trading there will be a saturation period so to avoid losses I usually stop trading
You can stop trading but doesn't mean you won't enter the market when you see a good entry points, and of course regular trading may cause addiction but on a neutral ground we didn't see that as addiction rather as an exit point. Yet there are people who would have this luck to exit they wouldn't exit because they see it as on profits but when the market changes direction they lose uncontrollably, and I can say greed also attributes to this actions.
I am not a regular trader, I only enter the market when I have good market analysis and confidence to trade. So I am not addicted, but only take advantage of market trends.
I also have a busy office, so I am not always in front of the monitor to trade.
Trading is something that requires focus, and I can't always focus because there is work in the real world.
With your explanation addiction could be very hard because when you are always occupied at work place and also having other busy activity then you wouldn't think of steady monitoring of your screen to see how the market is going, and of course lot of people with busy schedule do not fall into addictions except for those who took it as regular job. Even as that their are new investors who doesn't understand the market correctly would always want to beat the market at the cause of this they wouldn't know when they starts losing seriously by so doing they will always want to recover what they have lose without knowing they are gradually falling into addictions.

Offline ajiz138

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Re: What is the main reason why you trade
« Reply #131 on: November 16, 2024, 02:21:46 PM »
In spot trading we must always monitor the market, because the crypto market is very volatile and suddenly if the price drops we do not lose, usually I use stop loss. Futures trading is more complete but if you do not have experience in futures trading we should not do it.

The use of stop loss is extremely important, expensive when we experience operations that go against us the stop loss is a blessing, because in this way we avoid many problems, especially that they go with all the money, because there are people who do not put it and sometimes they spend a lot of balance, it is better to be cautious, at this point I have not yet done futures for the same reason because I feel that I still need to learn a lot about these low temporalities, in fact I have done trading but in binary options and wow it has cost me because the fundamentals change, that is, they are not the same as those of longer temporalities.
In futures trading, using stop loss will be very good, exactly as you said. It allows us to avoid bigger losses or even lose all our money.

Some people are too brave to take risks that eventually make them regret it. Maybe we have all heard a lot, "if you don't take risks then there is no profit", yes that's true. But we also have to measure our ability to take risks.

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Re: What is the main reason why you trade
« Reply #132 on: November 16, 2024, 11:53:00 PM »

In futures trading, using stop loss will be very good, exactly as you said. It allows us to avoid bigger losses or even lose all our money.

Some people are too brave to take risks that eventually make them regret it. Maybe we have all heard a lot, "if you don't take risks then there is no profit", yes that's true. But we also have to measure our ability to take risks.
taking risks must be measured, so we cannot take risks without analysis and experience.
Futures trading is very risky for those who do not have the skills in trading, it is better to do spot trading if our futures trading does not have experience there.
because the risk is high and my analysis is also not good in futures trading.

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Re: What is the main reason why you trade
« Reply #133 on: November 17, 2024, 04:32:37 AM »

In futures trading, using stop loss will be very good, exactly as you said. It allows us to avoid bigger losses or even lose all our money.

Some people are too brave to take risks that eventually make them regret it. Maybe we have all heard a lot, "if you don't take risks then there is no profit", yes that's true. But we also have to measure our ability to take risks.
taking risks must be measured, so we cannot take risks without analysis and experience.
Futures trading is very risky for those who do not have the skills in trading, it is better to do spot trading if our futures trading does not have experience there.
because the risk is high and my analysis is also not good in futures trading.
On the moment that you do step your foot into this market then make yourself having that kind of preparation that you should really be that being prepared on whatever the things that you would be able to encounter. It will really be just that normal that there's loses or something this is inevitable. There's no way that you could be able to make yourself avoid this one no matter how
good you are or veteran or old towards this market. One of the most common situation or aspect into this one is that you do need up to be that able to make out adjustments accordingly.
There are those who do able to make themselves that good as they do gain up experience.

Offline Bobcrypto

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Re: What is the main reason why you trade
« Reply #134 on: November 17, 2024, 10:39:56 AM »

Maybe they get addicted too. When they get addicted I think they will want to look for new strategy and learn more of the tools used to trade in the market.

I see more of them on the speculation threads and some of them shows complicated charts. Th y must have been addicted for a while already.

I don't think that we trade to be addicted, or it is a reason for trading crypto; but we trade to earn profit. Trading can be a professional job or a career and may not be considered addictive.
I trade crypto to earn rewards for my efforts, and i think i am a trader yet not addicted because i engaged on other online activities to earn rewards.
Now, speculation is part of most online trading activities, and I think some traders/investors use this means as a trading strategy to boost prices of assets at some periods.

 

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