What are the Benefits of copy trading?

[rizqillah]

Yes, there is nothing wrong with trying something new, but you have to remember the risks, because not necessarily by using copy trading we immediately get profit.

You are right, it should not be done in the long term or we become dependent, because it is better to develop the potential that we have. Because when we continue to use copy trading, our knowledge may not increase.

True, there is nothing wrong with trying new things to develop skills and abilities. But still make sure that we really understand what we want to do with the new thing. We may decide to enter the new expert but on the other hand, we must also prepare it well beforehand, especially the ability and knowledge, so that we are not really blank to do it. And moreover, once again, understanding the risk is very important so that we can consider and manage the existing risks very well. Moreover in trading, whether we use copy trading or not, it will be always risky, and the risk how big, will depend on our capability.

Well sometimes some people do something that they don't usually do because they are desperate because what they have been doing so far has not had good development. So when that happens I think it also has a greater risk too.

We have to come in a state that is truly ready, I mean we come not because we are forced to do it, we want to find out and try new things.

in investing in crypto we must be prepared for the risks, because investing in crypto always has risks.
We must not give up when what we do and the strategy we choose has not worked. We must develop our knowledge and skills. So that we can improve strategies that have not yet produced maximum results.

[vegasus]

True, there is nothing wrong with trying new things to develop skills and abilities. But still make sure that we really understand what we want to do with the new thing. We may decide to enter the new expert but on the other hand, we must also prepare it well beforehand, especially the ability and knowledge, so that we are not really blank to do it. And moreover, once again, understanding the risk is very important so that we can consider and manage the existing risks very well. Moreover in trading, whether we use copy trading or not, it will be always risky, and the risk how big, will depend on our capability.

New things are also good if we try to do research and make analysis.
In trading, we should make our own analysis and predictions and do not do copy trading because it requires good skills in trading, we should seek experience by observing coins or projects in the crypto market and making fundamental and technical analysis.

Yes, it is true, it is very necessary to combine TA and FA in trading very carefully. And this is not only about trial and error, but also about how we become much more careful, thorough, disciplined, and also better at analyzing the market, in indicators, in certain time frames, and the possibility of ups and downs in the near term. Here, we can really see whether we are capable, because indeed during trading, it will drain a lot of emotions. If we are not mentally strong, it will be quite difficult to do it and it will not be easy. And if it is like this, to be honest, that's why I prefer to just invest or short-term holding.

[$crypto$]

Well sometimes some people do something that they don't usually do because they are desperate because what they have been doing so far has not had good development. So when that happens I think it also has a greater risk too.

We have to come in a state that is truly ready, I mean we come not because we are forced to do it, we want to find out and try new things.

in investing in crypto we must be prepared for the risks, because investing in crypto always has risks.
We must not give up when what we do and the strategy we choose has not worked. We must develop our knowledge and skills. So that we can improve strategies that have not yet produced maximum results.

And all of this requires a lot of patience, because it will take a long time and even some people will need years to really understand it and that must continue to be a process because new knowledge will definitely come.

And I see some people they just want something instant, while in this crypto world there is nothing instant.

[tequilla_sunset]

And all of this requires a lot of patience, because it will take a long time and even some people will need years to really understand it and that must continue to be a process because new knowledge will definitely come.

And I see some people they just want something instant, while in this crypto world there is nothing instant.

Something instant is crypto is a scam. Period. In 99%.
Or a rug. Or a way to lose your depo.
 

[rizqillah]

And all of this requires a lot of patience, because it will take a long time and even some people will need years to really understand it and that must continue to be a process because new knowledge will definitely come.

And I see some people they just want something instant, while in this crypto world there is nothing instant.

You are right in investing in crypto it takes patience to learn to gain knowledge and experience and it takes years, nothing is instant in investing in crypto. Although we know most newbies want to get rich quick, but only losses will they get if they are not careful in making analysis and doing research.

[Crypto Library]

You are right in investing in crypto it takes patience to learn to gain knowledge and experience and it takes years, nothing is instant in investing in crypto. Although we know most newbies want to get rich quick, but only losses will they get if they are not careful in making analysis and doing research.

Agreed with you.

If I say something about this I saw some people who were really good interest on the copy trading because of only the quick profit but they forgot that the professional trader also have his losses as it is also natural. But the people they got only on greed and thinks that they can be quick reach by this steps, but to be honest those peoples were in heavy loss now. And their increasing it because they also thought that they will be able to recover them.

[bayu7adi]

If I say something about this I saw some people who were really good interest on the copy trading because of only the quick profit but they forgot that the professional trader also have his losses as it is also natural. But the people they got only on greed and thinks that they can be quick reach by this steps, but to be honest those peoples were in heavy loss now. And their increasing it because they also thought that they will be able to recover them.

A theory that we have heard and proven, that something that comes instantly, will go instantly too... copy trading does offer something interesting, as if we can still make money lazily and rely on other people's abilities to make our trading decisions...

And one of the drawbacks of copy trading is that it causes us to rely too much on other people to make decisions, whereas to live our own lives, we must really be able to make decisions and learn from them too...It holds us back from being an independent person, and it also holds us back from valuable life lessons...

[dave_strider]

You are right in investing in crypto it takes patience to learn to gain knowledge and experience and it takes years, nothing is instant in investing in crypto. Although we know most newbies want to get rich quick, but only losses will they get if they are not careful in making analysis and doing research.

Obviously, if there is a "high potential strategy" offered by someone to a newbie, it's probably a scam.
But may pick their fate and try it out - losing their depo.
Once they learn more - these people would be able to get more from the market.

[$crypto$]

And all of this requires a lot of patience, because it will take a long time and even some people will need years to really understand it and that must continue to be a process because new knowledge will definitely come.

And I see some people they just want something instant, while in this crypto world there is nothing instant.

You are right in investing in crypto it takes patience to learn to gain knowledge and experience and it takes years, nothing is instant in investing in crypto. Although we know most newbies want to get rich quick, but only losses will they get if they are not careful in making analysis and doing research.

One thing they see is people who get huge profits from meme coins, they don't see the risk, but they look more at something that can make them rich overnight.

I don't deny that there are meme coins that can provide such profits, but we also have to see how big the risk is. Because meme coins are also a form of investment that is very high risk.

[JISAN]

And all of this requires a lot of patience, because it will take a long time and even some people will need years to really understand it and that must continue to be a process because new knowledge will definitely come.

And I see some people they just want something instant, while in this crypto world there is nothing instant.

You are right in investing in crypto it takes patience to learn to gain knowledge and experience and it takes years, nothing is instant in investing in crypto. Although we know most newbies want to get rich quick, but only losses will they get if they are not careful in making analysis and doing research.

One thing they see is people who get huge profits from meme coins, they don't see the risk, but they look more at something that can make them rich overnight.

I don't deny that there are meme coins that can provide such profits, but we also have to see how big the risk is. Because meme coins are also a form of investment that is very high risk.

Our mind is always more focused on quick things.  If you invest in memecoin, you can get big profits very quickly and there is also a possibility of big losses very quickly.  But our mind doesn't care much about that loss but focuses on profit and that's why it pushes us to invest in meme coin or other highly volatile coins.

Until then our mind makes us think positive about high volatility coins until we have big losses.  But a professional trader never invests in any coin with proper analysis and I think they try to avoid meme coins.

[enwi]

And all of this requires a lot of patience, because it will take a long time and even some people will need years to really understand it and that must continue to be a process because new knowledge will definitely come.

And I see some people they just want something instant, while in this crypto world there is nothing instant.

You are right in investing in crypto it takes patience to learn to gain knowledge and experience and it takes years, nothing is instant in investing in crypto. Although we know most newbies want to get rich quick, but only losses will they get if they are not careful in making analysis and doing research.

as we know for a fact investing in crypto does do mean having to keep on learning for quite a while now, and would require hard work. The process of creating knowledge and experience is gradual therefore requires a period of detailed study and consistent market observation. More often people pine after getting enormous amounts of money within short spans of time, but most of them lose their hard earned money of as well as a lot more, if decisions are made in haste, or with out undue research and foundations. Investing cannot be a process of pure luck, yet the result happens to be a combination of figuring things out and making corresponding careful moves. With the right strategy in the short run, and willingness to go further in understanding the various aspects needed, long term effects may be achieved in the long run.

[omori]

One thing they see is people who get huge profits from meme coins, they don't see the risk, but they look more at something that can make them rich overnight.

I don't deny that there are meme coins that can provide such profits, but we also have to see how big the risk is. Because meme coins are also a form of investment that is very high risk.

Memecoins are mostly closed in losses, whereas only a small fraction of people profit from them.
I do agree - it's never about getting risks high, it's about minimizing them and not falling into the FOMO trap.

[$crypto$]

One thing they see is people who get huge profits from meme coins, they don't see the risk, but they look more at something that can make them rich overnight.

I don't deny that there are meme coins that can provide such profits, but we also have to see how big the risk is. Because meme coins are also a form of investment that is very high risk.

Our mind is always more focused on quick things.  If you invest in memecoin, you can get big profits very quickly and there is also a possibility of big losses very quickly.  But our mind doesn't care much about that loss but focuses on profit and that's why it pushes us to invest in meme coin or other highly volatile coins.

Until then our mind makes us think positive about high volatility coins until we have big losses.  But a professional trader never invests in any coin with proper analysis and I think they try to avoid meme coins.

That's what happens, some people only focus on the profit so they ignore all the risks that can occur, this is something we often encounter, and even from things like this they become discouraged to invest again.

In fact, it is their own fault for only looking at the profit. Before doing something, we must consider everything, including considering what the risks are like.

[Rubel007]

And all of this requires a lot of patience, because it will take a long time and even some people will need years to really understand it and that must continue to be a process because new knowledge will definitely come.

And I see some people they just want something instant, while in this crypto world there is nothing instant.

You are right in investing in crypto it takes patience to learn to gain knowledge and experience and it takes years, nothing is instant in investing in crypto. Although we know most newbies want to get rich quick, but only losses will they get if they are not careful in making analysis and doing research.

Newbies have less patience. After coming to crypto, they quickly seek success. Without prioritizing such knowledge, they start looking for coins that will be able to make some profit from their investment. Due to lack of proper knowledge, they buy some coins and later fail to withdraw their investment from them. That is why beginners should survive in the market with patience. Although many people can get rich quickly by investing in cryptocurrencies, the same is not likely to happen in the case of all. That is why you should not come to get rich quickly and gain good knowledge about the market. When the knowledge limit increases, the possibility of becoming profitable from investment will be created.

[dekafee79]

Newbies have less patience. After coming to crypto, they quickly seek success. Without prioritizing such knowledge, they start looking for coins that will be able to make some profit from their investment. Due to lack of proper knowledge, they buy some coins and later fail to withdraw their investment from them. That is why beginners should survive in the market with patience. Although many people can get rich quickly by investing in cryptocurrencies, the same is not likely to happen in the case of all. That is why you should not come to get rich quickly and gain good knowledge about the market. When the knowledge limit increases, the possibility of becoming profitable from investment will be created.

newbies must seek experience and knowledge in the crypto market in order to have the right analysis and strategy. they must be patient and learn to understand the unpredictable crypto market. because by learning and continuing to practice they will have good knowledge and experience.
many newbies want to get rich quick, but because of lack of knowledge they end up experiencing losses.