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someone can’t just go all in on Bitcoin, unless they’re crazy. You can just put all the money you have into bitcoin, it’s a big risk. Bitcoin might be going up now, and it looks like it will continue to go up forever, but it wouldn’t, cause one day it will fall, and if you’re unlucky it might be the time you invested your money. So if it happens to be all your money, then you’re finished.
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I think it is not rigth to learn trading by trading. There are too many risks and things that you need to undertand. There are a lot off books which will give you better understanding of processes, show some trading tools, analysis. It is also recomended to have degree in economics, if you want trading to be your profession.
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Actually there is so many thread have give that tutorial about this. For me, watching youtube video can be a great media tu learn. After that, you should reading to dan practice the tutorial with your own. In trading, our skill will be good when we start to trade and use some that we have from all.
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If you want to Trade without any lose so you need to very hard work with it because if you no idea to trading so you can't make a profit with your trading. At First you need to learn babypips.com and you can get here so many tips without any lose your trade.
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Binance for sure. Great customer service, constantly adding new coins & upgrading the platform, listen to their customers, pay Gas for Neo holders, low fees etc etc. I also quite like Bittrex. Had some bad experiences with Polo though, had a support ticket that took over 70 days of constantly following up to even get a reply from their customer service team :/
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To be a professional trader not only need knowledge about technical and fundamental analysis but also more important think is psycological of trading like always patient, do not greedy , and always learn about the trading mistake before , when we know what mistake we have done then we will be more experienced and more expert.
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If you want to turn $10,000 into $1,000,000 then my suggestion is either buy Bitcoin and hold for 20 years, OR buy $100 worth of every altcoin and set a selling price of 10x or more of your initial investment, and wait a few years. Eventually some whale will come along and buy up your holding and you will make a great profit.
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I don't think that it is true, it is best to spend time in trading but don't actually trade but only study the graph or the chart of the coins that you are watching in order to find some patterns or signs if that coin is a good buy or not because that is the best thing to do when you don't have other things to do. Spend a lot of time in trading but only for education purposes.
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I think that, Day trading is the practice of buying and selling a stock over a short time frame, typically just a day. The goal is to earn a tiny profit on each trade and then compound those gains over time. With the rise of the online stock broker and cheap trades, day trading became a viable (albeit very risky) way for retail.
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You should be patient enough if you want to invest in Bitcoin.You have to understand that the only way you can make profits from your investments is by holding your BTC's. You must have enough patience to hold your BTC's instead of commiting the mistake of panic selling when the price falls down because the price will again rise and if you will hold your BTC's you will make huge profits. Bitcoinis rising at a very fast rate and it has a bright and positive future .So have patience and keep holding your BTC's.
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Well, from my forex trading experience when you buy high and sell low it means you sold at lost. It is better to buy low and sell high to enable you make profit from your investment. Although people who buy high and sell low did that as a result of panic and lack of good knowledge of trading currency or crypto currency is all about.
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You have invested in altcoins that are now having a value which is lower than they had when you bought them. Actually you are not the only one experiencing this situation, I also am experiencing this situation right now and I'm just thinking of selling my coins even at a low price, and consider them as loss but, I got a feeling that I should hold on them a little more.
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We should know what news for coin we want to trade. But sometimes we don't know at all. The rule is don't be greedy to get high profits, sometimes we for greed and forgot that the coin can go down very fast. We should know when to sell and get out from the wave. That's what I thought. Correct me if I am wrong.
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It is hard to tell when the bitcoin price will dump or pump since it depend on the number of people who buys or sells bitcoin. But for me, I think pump and dump of bitcoin price are can be considered both favorable to bitcoin users because when the price is dump, it is an opportunity for us to buy more bitcoin to increase our income and while the price is pump, it is the time for us to sell our bitcoin to earn profit.
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It depends when you entered the trade. Many people don't take their entry point seriously. Trading is a games of professional and you have to develop your expertise in other to understand how it works. Holdings when the price is going against you depends on your knowledge on how the trading analysis work! If a major support level has been broken during a dump it is advisable for you to sell off your position
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Patient people earn big money from trading. Extremely patient people get rich. I think there are people who have a foresight to potential investments and coupled with patience, they're reaping the rewards now. Take roger ver for example. We may be past the time when we can all be like ver but bitcoin still has a lot of potential to make us earn a lot. Of course patience is a major aspect that we have to remember
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fear it will always exist. but it can be done several ways, one of which is to regulate our emotional. I urge that you leave about 50% of your total wealth. because it will be very helpful when you lose 50% more parts. you can still build a business currently has 50% of the money you have. believe me, because I've been there.
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All of the bitcoin user want to success the bitcoin in the future because they want to increase their profit if the price of bitcoin continuously increase and iy is because also by the increasing of user. Most of the user want to success the bitcoin it is because the bitcoin is their source of income, this one will now to sustain the daily needs and financial needs. If bitcoin become successful, I think many people will give a thanks in bitcoin due to their benefits and opportunity of giving an income.
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i think when we choose to get involve in this cryptocurrency, we must have the brave and a clear mind in any decision, because holding can be a heart attack, we will never know what can really happen with the coin when we are holding, the scarest and hardest part is when the price drop, we must make decision to cut loss or keep waiting.
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