Taking too much risks in trading and investing is a form of gambling. High risks taker might be luck to make good profits in certain trades while the rest could lead to bad luck.
I agree that the luck takes a part of your success but do keep in mind that you should not rely on luck. Your skill and your decision could make stuff different than what you would have thought. But, assuming that high risk investment means gambling is kinda stupid for me. Gambling is 100% luck compared to investment where investment the research and your decision are reasons why you get the profit. Dealing with easy m0ney or simply with HYIPS is just suicide and only fools who do only believe on this one and even think that they could really get rich with this one. Just let them be into those people who do really believe initially because sooner or later they would really be realizing on how hard to earn money and not just really relying with luck because you are just basically doing gambling if you do have this kind of behavior and also this is why lots of people get victimized with scams due to this kind of mindset but once you do gain experience you would realize everything., Experience in the crypto world will teach us many things, therefore people who are experienced in the crypto world are usually wiser in making decisions. While beginners usually want to get instant profits, which will only lead them to losses. The wrong mindset by assuming high risk investment will make us get rich faster, because making money is not easy. It took a long process and patience, in the end it is not surprising that many beginners are victims of fraud, because they really don't understand how crypto works. Indeed. Our world was full of risk which sometimes we don't give our attention that's why we have a hard time to understand everything and didn't develop ourselves. Young and naive guy know the risk, but still they try because they know they can handle it and do it without any hesitation that might they lose money because of it. And now, as we can see, some of them are already a millionaire because they make their experiences and all their mistakes as their inspiration to become better. If you know how to hold and face those hard times then you will become rich, I tell you. |
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Cryptocurrency has become a global phenomenom in recent years, although much is still to be learned about this evolving technology. You must need to know each first before you're going to invest. Actually there are many altcoins that can be called future potential, but among these coins, I still choose BTC, ETH and BNB because I believe that these coins will be able to survive in the future and it was already proven. Even if it experiences downfall but, we didn't hear anything like it will going to die but instead there are lot of progress in these coins. |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
I think it also needs time, sometimes newbie trader loss a big amount of money because they are always rush in trading they do wanted a money in a single hour of a day. Trading is simple but newbie is always greedy and never think twice before doing trades so most of the newbie really loss although not all but sad to say that there are a lot of them loss. The fact is that they are beginners who want results and make profits instantly, of course they are in the wrong place if they only want that because in trading we must be patient and have the right strategy, they have to learn continuously and evaluate why they are losing Newbies also rush things out when they already know even small things about trading. Some of the newbies lose huge amount of money it is because they don't know basic idea about trading. But, losing huge amount of money maybe they can get knowledge in it and lot of experiences which serves as their inspiration to develop the things they did. |
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I think now is a very good time to buy, because the average coin price is now very low compared to the ATH price before the bearish market, especially now the market is starting to look back slowly rising
Now the market has gone up again and it will be a bit late if there are still people waiting to buy because at the bearish time in the past few days it was a very good time to buy, and now it's a little late in my opinion even though the price is not much different from the previous price. The momentum seems to hold right now. Right now, we can see the market conditions become green and we can see some of the top coins are now increasing it's price. This is all what we want, of course but we will not know how long this conditions may last. I suggest to hold and wait since market price is now improving, but if you want to buy a bitcoin I think it's not the right time since market price right now is already increasing. |
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they have ambitions to double their money, or many of them are willing to borrow money to invest in cryptocurrencies.
Expecting to earn more money is okay, but risking your daily funds or take a loan is a bad idea. You must realize the risk of losing bigger money if your investment in crypto is failed. You don't get anything, losing money in the investment, and should be responsible to pay the loan. You will be more stressed or even depressed than you only lose your extra money ( amount of money that you can afford to lose). Indeed. It's okay to expect and earn money even how huge it is as long as you don't risk your daily funds or take a loan just to earn without even knowing how risk it is. Some traders maybe sold their coins for such a short period of time maybe because of their needs or else they need that money immediately. Holding is a passion and a skill, there are people who are fortunate to get on this early and hold through heel and some circumstances push them towards selling early. Learning on how to hold is very important to avoid stressed or even depressed than losing such a huge amount of money. |
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A stop-loss order is an order entrusted with a broker to purchase or sell out when a store attains a particular value. A stop-loss is blueprinted to prohibit investor losses in a protected circumstance. Installing a stop-loss order for 10% below the stock we bought will prohibit the loss by 10%. The convenience of a stop-loss order is that we do not have to keep an eye on how the stock acts every day. This prominence is especially efficient when we are on respite or in circumstances that confine us from beholding our stocks for extended periods of time. The drawback is that a short-term fluctuation in the stock value may facilitate the stop price.
Though similar to that. A stop-loss order works by automatically closing a crypto position when the price hits a pre-determined level. Stop-losses are essential for risk management. Traders can calculate what position size to take and how much money to risk in a single trade. Stop loss is very important of course for traders but it is very peculiar and very risky technique. |
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Being rich is relative. You can have a certain amount of money and be "rich" in one part of the continent and poor in another. Its better to accumulate wealth in the long run so you don't have to worry about a retirement fund. Rich is when you don't have get up in the morning to a job you hate because it pays the bills. Stability and comfort is what rich means to me
True wealth is when we gather with the family we love even we don't have something such money or everything as long as we're happy with the one we love. But, some define rich as having an abundant possessions and especially material wealth which will give you name and became known. Being rich is simply having a lot of money or income. It is about when you don't have to be wake up early just to go to your work. But for me, being rich is having my family and be happy. Money cannot replace my time with my family. |
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It very much important and hard to identify a good exchange plafrorms because all exchange have a strong security system and good communication bondages but sometimes it's a mistake that some good exchange run fake projects ( specially latoken) we invest. It's a wonder that latoken has a strong security system and good communication community.
Indeed. Good exchange platforms is hard to define because of the strong security system and good communication bondages but still it is very important. Maybe sometimes it has some mistakes such as run fake projects just what you just said. As what I know about good exchange in cryptocurrency, it is a platform in which you can buy and sell cryptocurrency. It is a platform in which facilitates the trading of cryptocurrency for other assets including digital and fiat currencies. Thus, security is the first concern then it can serve quick with a reasonable charge. Good exchange means a trusted coins in which it has a good services and have responsibility to good customers. |
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Too much waiting will make you miss the real buying opportunities.
Invest if you have prepared money for taking risk.
Do not buy if you are only hype.
I agree on that, I experience to much waiting for the price to drop very low and at the end of the day I miss the buying opportunity because the price is rising. So for me if there is a good capital for investment maybe you need to invest today and don't wait for the another day, because we never know what will be the next to happen the only one thing for sure is we cannot loss if we don't sell our holdings at loss. You miss every opportunity when you have that strategy of waiting for so long. It's good to be patient but if you're overusing it then it's not on the right use when you're doing this strategy. You buy and that's the reason you wait but if its too much, you're not doing it correctly. Indeed. Too much waiting will miss every opportunity. Investing or not will just depend on your strategies. Its not good if we just follow what other people say without doing our own research and analysis. It might be good to be patient but if you will wait for too long, you might be missing a lot of opportunities such as buying coins when prices are decreasing and selling it when price increases in a small percentage. If you're greed and want to gain a big amount of profit and you will wait for so many years then you might lose a huge amount of money and those great opportunities. Invest if you have a prepared money to take risk and do such thing correctly. |
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If you have a huge asset and don't know where to invest, I recommend you to invest in bitcoin for quick profits, and if you want to invest in other altcoins, I believe in ETH, BNB, BCH…
I recommend the same, there is only one real Top crypto currency for long term investment and that is Bitcoins. In my opinion, BTC should be the largest position in our long term crypto portfolio. If we are looking for diversification than buying into ETH can be a good idea as well, but bitcoins should always be number one. When it comes to my investment, I decided to have a long term investments into Bitcoin, Binance Coin and Ethereum since they already prove everything in crypto world about them. Even if it increase in a small percentage price but at least we can gain profit. I also believe in these coins because it reach an incredible level every year and these coins are trusted. These coins are still very competent to be an investment especially if it is a long term investment. You can also search for those cryptocurrency that is good for a long term investment for you to know what to do, have the idea on what to choose and what coins to invest. |
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My mistakes in the early years of knowing crypto were quite a lot, such as investing in scam places, choosing altcoins that had been badly dumped without doing research, trusting people I just met, and depositing money with them, and many more. it gives me a lot of experience right now.
Everyone who enters crypto world encounter mistakes. I also encounter mistakes such not buying crypto coins when the price is cheap, investing in scams and also choose a coin that badly dumped just like what you've mentioned. I also become greed and have the desire to make quick money and that was my worst mistake ever especially trusting people I just met. I make all of those experiences as my lesson. I need also some knowledge and research skills to help me gain profit and also I have the chance to correct all of my mistakes. |
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As a beginner I was following all the Influencers blindly & lost all of my savings.
Mostly, all beginners tend to blindly invest in where either their friends invested in or where he is suggested of. Here they get stuck as the coin they invested in, may not be moving in the right right direction they expected. I know few friends, newly came in and invested into Wazrix when it was on its height. Yes they are at lose as of now. But i have suggested them to wait until market booms again. Its good that you have learnt a lot to gain profits now. Your patience might have yielded the profit. This commonly happens. Newbies needs to follow those people who are already immune to the things they need to do and follow their advices for them to learn. Some of the Newbies follow their friends on where they invest for them to gain. I guess having that experiences really help you to gain knowledge and learn something about these. It is not just following those influencers to gain profit, it is all about having your own strategies and techniques to avoid losing huge amount of money and having patience also research skills to know everything you encounter. |
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Trading itself isn't a child's play. It takes a lot of discipline to be a trader. The kind that, most persons lack and it can make you go crazy when you try and try, ensuring that what your putting in is your best and yet, its not going your way. What could simply be wrong here is discipline. You become so consumed about how much money you intend to make at a particular time frame that you forget to understand understand it is in someone else's lose that you make gains and that someone is some other trader that is also expecting some profits from his or her trading positions. Mind you, there is a lot of professionalism about it and as such, you don't just jump in and start calculating profits, you should be ready for some loses too and how to keep calm about it.
New traders usually never think about losses but probably they are only calculating their profit. In their mind is focused on how to get money from trading and so very unfortunate that they forgot the volatility of the market making them lose easily. It was their mistake why they had come in here and do trading without knowledge and skills about this. It wasn't a surprise that most of these people will lose as they never know what to do next. There's always a risk not only in trading but also on the other investments as well. Newbies don't really think how they loses their huge profit due to lack of knowledge and they are not that patience to wait for the right time. Having desperate attitude always tend to exist depending on how your funds will work out in trading. Trading is not a game, you need to have enough knowledge, need a research skills to understand everything. Some who lose profit are those newbies. It was their mistake since they didn't even follow some advices and they enter here without any knowledge about it. If they might really interested in trading, they must need to learn everything first next time. |
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Bitcoin is one of the most popular cryptocurrencies to date if the governments of all countries legalize bitcoin its popularity will continue to grow as time goes on bitcoin transactions are protected by a server called bitcoin miner. When bitcoin is transacted between to a peer-to-peer communication system, its central server updates the user's laser virtual currency bitcoin can be purchased online. However in other monetary systems such as the country's government and the central bank bitcoin is not involved.
Indeed. Bitcoin was the first cryptocurrency that became the most popular since 2012. It becomes more popular because of all the people or users believe in it and it was really great especially on how they handle the rise and falling of the market price. Cryptocurrency will surely continue its popularity since there where lot of fake issues concerning those currencies which gives them the chance to let people see how can they do and what strategies they do let people believe in those coins. Just like bitcoin and ethereum, they are already proven. Even Government not legalized cryptocurrencies but it will remain its popularity. |
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Absoultely right, because smart trading has 100% depends on research. One should know about the coins and get their analysis through reading in different websites and search for it. To get to the coin actual price then only he can get a profit.
The actual problem is the "money-making mentality" actually. I mean even before we start trading we are thinking and calculating our profits which is quite a wrong way of looking at trading. During the first time, we are trading and even for first few months, the focus must be on learning as much as possible because there are countless tools in trading to learn about and even if we know a lot of them, there is no harm in learning about more such tools. Once you pick some potential coins, you must determine the capabilities of it before you're going to entrust your future profit with it. Trading is all about emotions, in order to become successful you should learn everything from scratch.
I mean we can trade without knowledge and information about the project but it's more like betting than actually trading. Trading is actually a long process of learning and it needs patience and eagerness to learn continously. Committing mistakes in trading is always been there especially to all the newbies who have lack of knowledge in trading. Trading is 100% depends on research. Once you pick a coins for you to trade, you must need to make sure that it is trusted and you can already know or determine the capabilities before you entrust your future profit in it. In order for you to be successful in trading, you need to have a knowledge about all of those coins and especially a research skill and some strategies for you to avoid any loses of trading in the future. |
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The both pays very but it all depends on the individual, investing can be very easy and does not require much knowledge or efforts to be profitable, just know the basics of purchasing then your good to go, but trading is a different thing all together, in trading if you aren't knowledgeable enough you would end loosing all you got. So this is just the difference, trading isn't like investment where you can just jump in at any point, strategy and analysis is needed.
I think that everything lies in the style of each person, many have the disposition to be aware of the movements of BTC or alts, some develop the ability to predict in which direction the market is going, that is where you begin to see that it has a good profile for trading, which does not mind following the price if it falls because it can bet low and win, also in a bullish sense to do so without taking into account emotions or feelings. For investment it is different because it has a lot to do with having more patience and knowing how to wait if the price rises, without falling into despair and without taking out the money before it does not move. Of course this is just one way of looking at it, to deepen it is better to follow the corresponding books when a type of profession has been established if it is investment or market speculator. Indeed. Both pays but it all depends on what suits you. If your good in trading then go for it and also if your good in investing then also tries for it. If your not good in all or you don't have any strategies or techniques to do the trading and investing then expect that you will lose huge amount of your possible profit. Trading can be a thrilling way to earn quick cash and of course it can also quickly lead to big losses. Investing usually means smaller short-term wins, but also fewer severe losses. If you're comfortable with the risks, trading with a portion of your money can be enjoyable and could lead to profits. |
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It is not an easy thing to hold but it is easy to hold if you have a good knowledge of currencies good currency for holding bitcoin. Its price increases for long term retention but it is risky to be more greedy therefore it is better to sell if you make some profit you have to be patient and control your emotions and move forward the best way to succeed is to plan. Newcomers have less risk to hold if you invest in the right currency, you will make a profit if the price goes up.
Definitely, it was easy to hold if you have a good knowledge on how to hold bitcoin. Having strategies and techniques on this was also very important in holding bitcoin. If the price increases in just a small percentage, I guess you can sell it already instead of waiting for the huge amount of money. As long as you gain profit and don't lose such a huge amount of it was great already. Maybe newbies might experience high risk if they don't take the advices of those people who knows it already and get less risk if they will search something about their coins and knows how those coins are trusted. Invest on the right coins for you to gain profit even just a little. |
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I get a headache reading your responses sometimes you guys sprout a lot of nonsense,,, I mean the question is clearly asking when to sell and you know. And so few answers are actually helpful:P Trading is always done with your own intellect when others follow the rules, nothing is learned and the wrong signals are given. It is easy to know the trading strategies if you go ahead by applying your own knowledge and skills so that you can know the right time to sell the big businessmen move forward based on their own experience.
What exactly are you trying to say here? Use your own intellect? The whole point of trading is not to follow your instinct or intellect but to follow what the numbers tell you to go, depending on the strategy you use. Big businessmen my ass:P As a trader, you need to know when to sell and how to set targets to gain profit. It depends on your strategy on how do you use it or how you do it. If you have made a decent profit, which means anything more than a doubling and tripling of your initial investment based on your latest price, then given the recent volatility many personal finance experts say it maybe a good time to sell an amount equal to your original investment up to 50% of your holdings. |
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Too much waiting will make you miss the real buying opportunities.
Invest if you have prepared money for taking risk.
Do not buy if you are only hype.
Indeed. I think if you already see that percentage of it is already rising in just a small amount then don't be afraid to take risk. Taking risk maybe gives you knowledge especially those experiences you have to learn especially in investing. If you want to really invest in a long term investment then I suggest you research everything about those coins and make sure it is trusted like Bitcoin, Ethereum and other coins who stay at the top of coinmarketcap. Investing in this coins might give low risk especially if you already know everything about it. Stop buying and start believing, risking is another word for you to learn. |
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beginners will tend to panic more easily because they don't really know what they choose, more likely to follow what other people are doing, if we have friends who are just starting to get to know the crypto world, we have to educate them so they don't panic easily and get confused. in the future they are able to determine what they choose for themselves.
If we have friends whom we suggested to get involved in cryptocurrency trading, then we must make sure that they actually understand what it is and how it works. No matter how much you convince someone that the marker will not die but if they learn about it themselves and then trade, it will be much better and productive than just assuring them without any reasoning. More the knowledge - lesser the panic and more the confidence, hence we must understand that knowledge of the market, the coins we are buying and the futuristic value is more important than just having patience. Someone who has too much patience may end up holding a shit coin for too long and regret it. What often makes people lose huge amount of money in crypto is not just because they panic, but because they feel and observe that the profit is always lacking. Some of them who loses huge amount of money are those newbies. When bitcoin goes up even in a small percentage, they buy some coins and keep waiting instead of selling those coins they are holding for such a long time. Selling coins even the price increase in a small percentage will never let you feel down or regret anything you work hard for a long time. If you get some news that it will increase its price and you can get profit on it, then don't hesitate to take advantage or take risk. |
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