Bitcoin Forum

Any comment on my article would be appreciated :

https://medium.com/@verinp/make-profit-in-crypto-trading-as-a-newbie-dream-or-reality-8ce64f7fe911

What do you think ?
What’s your investment strategy and winner tips ?

Best form of investment is to hodle and not freedy to wait until you gain 100x gain cryptocurrency trading or investment doesnt work that way, gou will have to be willing ro wait for a very long time until you get to your desired anticipated price before you take the profits and leave initial capitals.

This practice can be most effective to a newbie if he focuses on a single coin trading such as Bitcoin.

As a beginner, you should consider long-term trading and strategies that do not focus on making a profit in the short term.
The reason for this is that your investment background is still limited, and therefore the possibility of achieving an incoming loss is large, and therefore it is better to invest in long-term, low-risk investments such as DCA.

With the passage of time and your acquisition of skills, you can reduce the period to day trading, which is considered the highest level of risk for an investor in cryptocurrencies.

All types of investment begin with a dream, but the days are what turn this dream into reality.

I think investing in the long and short term is all fine, it's just that my advice is if you want to invest in the long term, then it's better for you to invest in altcoin that are in the top 100 on coinmarketcap, because the risk is smaller and it's good to hold in the long term, but if you want to invest in the short term, then you better invest in hype altcoin, because the price will definitely increase very high and give you profit, it's just that you can't be greedy and don't forget to take profit, because investing in altcoin that are currently hype has a big risk (the price can dump quickly if the hype is gone or finished).

as a beginner, you should prioritize long-term trading or investing, this does not mean that you cannot trade short-term, but use less capital to learn short-term trading, because this will be more risky considering there will be many things that must be mastered, so it requires time to process. that way even though they experience losses, the majority capital is still for long-term investments so that it is safe for the entire capital owned. the advice here is don't want to get money in the crypto world immediately, because this will be a boomerang for us

I do not think that this advice is useful, and on the contrary, many of these coins/tokens use market capacity as a measure to scam investors because market capacity means the price in the quantity supplied, so if a token was able to sell 10% of its value at a price of one dollar, then increasing the supply to Million Token means that the currency has The market capacity has become one million dollars, while the total of what was sold is only 10% at a price of 1 dollar.


This video shows the top 15 currencies in terms of market capacity during the last 10 years, and you will find that the list changes greatly every 3 years.

https://www.youtube.com/watch?v=m6FiWkLG-Yw

Market capacity is a misleading measure

So it's shilling copy trading in the platform in the article. Does copy trading make a profit? Maybe, and that's why asking if it's dream or reality can be kind of confusing since we don't have a clear-cut answer. Even considering outside copy trading, just crypto in general, it's definitely possible imo. I mean I know some people who got off really well when the coin they were invested in popped off, like MATIC in the past. Should you follow them? Well if you're simply here to gamble then yea sure. If you want to last long though, then start setting up plans that you're gonna follow to a T for a long time, since planning for the long term is probably the easiest start a newbie trader can get.

The crypto market has two ways, which is  trading and investment, copy trading required you're time been online monitor the market always been focused in opposition of the open order of trading one coin against another at a any given time. But investment has less stressed of mind, buy and hold after a short or long period of time you can sell it and make your cool profits.

As a beginner, you can make a profit in crypto trading but must be able to analyze the market well. Do not rely on advice from other people to trade because their advice may not work for you. If you feel that your expertise is in analysis, you should learn more from trusted sources so that you don't depend on other people to analyze. And I suggest not using copy trading because you don't know how someone trades, and it's risky. After all, if you want to use copy trading, you have to find a trader who has good trading skills so that you can also earn like him. And I don't recommend you to try it because it's risky.

If you don't learn how can you make profit as a newbie, i think the first thing is to learn and understand all the things involved in trading before you can think of making money from it.
Being a fulltime trader is not easy, a lot of practices is involve bro, it is not a dream but you must be ready to put enough effort to achieve it.

It is often said that making money through trading is quite simple, but in reality, it is not as easy as it seems. Many individuals boast about their trading successes, claiming to have earned a significant amount of money through their trades. However, we all know that trading is not consistently effortless. It may be relatively easier to trade during a bullish market since most coins tend to rise in such conditions. However, during a bearish market, it becomes unpredictable as nobody can accurately determine the lowest point. In my opinion, the best strategy is to hold onto high-potential coins and gradually accumulate them during a bear market, rather than investing all at once. It is advisable to make partial purchases at different levels.

Topic should be in trading discussion but to still answer, it would be a gamble if you'd win. Trading is not a simple thing you can learn from watching videos for a single day or month. The fact itself that there's no certainty with price actions, is already something to remind us that profit won't be earned easily. Not unless there would be someone who's been in this industry to guide you which would fasten your progress in trading. Much better to not be too hopeful especially if you're just new into something in order to manage the risk and avoid betting too much than what you can actually handle. I've been trading for months and I am aware that I still lack knowledge to be fully profitable in trading.

When beginner starting trading in crypto currency platform than really like a dreams when she/he take little profit whatever samll profit or biggest profit no matters.

Dream. Unless you are a long term trader who is going to purchase your coins and tokens today and hold until the next bull run, so you can finally sell it for profit. However, if you are talking about a daily trader who is going to take advantage of the small prices fluctuations which happen all day long for daily income, I believe you will be just gambling with your funds, because you can fall for bull or bear traps at any moment, what will inevitably happen at some point.

A bull trap happens when you smell the market is going to pump, so you buy, but it's a false alarm and prices fall right after.

A bear trap is when you think the market is going down, so you sell, but it suddenly recovers right after and you don't have any more coins left on your portfolio.

Winning tips is to not buy high and sell.low lol.  No honestly stick by Warren buffets advise, be greedy when people are fearful and be fearful when people are greedy.  Meaning don't get caught up in buying crap at top dollar in a bull market you will end up left with the bag.  Look into projects for yourself and don't take trading tips on coins from random people.  Most likely they are trying to shill their bag.  And use the theory of cost averaging, both up and down.  It's a good risk aversion strategy.

I think as a newbie who wants to invest in the crypto world, insight is the key in increasing the percentage of success in trading, do an in-depth analysis of the coin you want to buy, so you can minimize the risk in trading

OP is promoting futures trading signals from Tycoon. It can't be good to rely on trading signals for newbies to get into the futures market without much experience in spot. If they like to win in crypto, the long-term strategy will be the best by just hodling the coins from the winter season til the bull market. It's the way to do it or trade in the spot market to gain experience gradually.

There is a common denominator for most newbies and that's to earn instantly. And with the article that you've given it has said something that newbies should remember and that is about the copy trading. It's good that you're giving a warning to them because most newbies think it's a shortcut and easy strategy.

Don't be greedy and take profits.
That's more than enough for a reason and tip to be said for most newbies because when they can see that their portfolios have been increasing, they don't want to withdraw and take profits.

I guess that the article was about promoting the shitty tycoon signa. OP, your article was actually misleading people especially newbies here. I will give a very low rate for your article. There's no even need to comment in your article as your article has not real purpose other than gets like and view from here. If there was dislike button in medium and i would like to dislike it hundred of times.

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The best strategy to trade is putting your cold money into the major coins and then wait and see until the bullish market will come in the future.

Hi many thanks for all your comments, I just saw them and will read them all carefully.
I really appreciate your time and recommandations.

Yes I agreed with you that as a beginner, it's better to focus on a single coin to learn about that approach and then add coins gradually once some experience has been acquired

In fact, nothing is impossible for anyone, including newbies, to earn income or profits from trading. However, they have to put in more effort to get it, not expect it to be easy.
One of them is by learning how to trade crypto starting from the basics, because after all, a professional trader was also a newbie. so, as long as you want to learn tricks and want to understand well how to do it and the strategy, then this will be a good basic. What's more, trading is not only a matter of having knowledge regarding market analysis and strategy, but also how to control yourself in it. This is also important, newbies are usually impatient when sudden market changes occur, and they usually have a bad level of emotional management. Therefore, it is important for anyone, especially newbies, to be able to control and control their emotions in trading regardless of the conditions.

And trading is complex, not easy actually, but not impossible to do. So, prepare yourself so that you are truly able to do it. If not, it would be better if you avoid it and just hold on.

This statement is absolutely true, let me quote “trading is not only a matter of having knowledge of market analysis and strategy, but also how to control yourself in it” Yes. The dominance of novice traders just spend time just looking at price charts even though it's important for monitoring. but, if I think trading is simple, place buy place then sell set and let the market work and come back in 4 hours or tomorrow. Trading road other activities completed.

Not focusing on one coin but focusing on market analysis lessons. If you can learn it, you will have no problem analyzing any coin because they all use the same analysis. And if you have managed to learn about the analysis, you can try to analyze some coins to trade. You can start earning, which is the effort to make dreams come true. And not many people have succeeded in learning to analyze so it is still wide open if you are serious about learning.

Well your article is basically just a shill post for Tycoon Signals and of course that article is also including your Referral link for that platform so you just wrote that article and created this thread here only because you want to generate clicks on your Ref-Link, but of course you already know that. To add a little to the general question.
Of course it is possible to make a profit with crypto trading even if you are a newbie. The safest way to achieve that would be to just buy the big projects from the top 30 or so like Bitcoin, Ethereum, BNB, Cosmos or whatever. Then if you are patient enough to hold for a few months or longer, then you should definitely have the possibility to sell with a profit.

Same thoughts actually. I thought that this would turn out to be somehow new in my eyes but I guess set my bars too high. This is why I never clicked any Medium link without even citing at least a content from the article itself. Kinda cheap way of getting clicks if you would ask me.

For the sake of discussion, before I had done copy trading and somehow it quite backfired on me especially when I was like just watching Youtube videos in learning day trading, followed every single detail of the one that discusses the tutorial and what happened afterwards? It all went to losses.

If you will research with top 100 ranking coins then definitely you will notice so many coins looks shitcoins, those aren’t promising for the long or short term investment. In top 100, a few meme coins also lots of old project like EOS which will never give you profit. Ranking is set by diluted market cap, so that many worthless coins position in the top ranking.