Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?
Copy trading is an attractive method for beginners as it enables them to replicate the trades of experienced traders. The popularity of copy trading in the crypto industry indicates its acceptance. However, its effectiveness for newcomers depends on various factors, including the skills of the traders being emulated and market volatility. While it can offer learning opportunities, beginners should still conduct research and comprehend the trading risks. |
|
|
|
|
Monero's relative lack of popularity might be attributed to its focus on privacy and anonymity, which can sometimes raise concerns about potential misuse. Additionally, its private nature has made it harder for regulators to track, which has led to scrutiny in some regions. These factors, along with the fact that it's not as widely supported on exchanges and platforms as more mainstream cryptocurrencies, could contribute to its lower popularity compared to others like Bitcoin or Ethereum.
|
|
|
|
Hi guys,
Do you know if exist something like ebay, but based on crypto?
You might be interested in platforms like OpenBazaar or Bitify. These are decentralized online marketplaces where you can buy and sell items using cryptocurrencies like Bitcoin. They function in a similar way to eBay but with a focus on crypto payments. Keep in mind that the availability and features of such platforms can evolve over time. |
|
|
|
|
Advantages of Scalping Trading:
1.Quick Profit Potential: The scalping method allows traders to achieve profits in a short period, even within seconds or minutes, as they capitalize on small price movements.
2. Utilizing Small Movements: In scalping, traders aim to take advantage of very small price movements that might not be significant enough for medium or long-term traders.
3. Risk Diversification: With the high number of trades conducted in scalping, traders can open multiple positions across various instruments, helping to diversify their risk.
Risks of Scalping Trading:
1. High Transaction Costs: Due to the high frequency of trades in scalping, transaction costs like spreads and commissions can accumulate, potentially eroding profits.
2. Overtrading: The high trade frequency can lead to overtrading, where traders open too many positions without proper analysis.
3. Psychological Stress: Scalping demands intense concentration and constant market monitoring, leading to psychological stress and decision fatigue.
4. Disproportionate Impact of Analysis Errors: Given the small profit targets, minor errors in analysis or trade execution can have significant impacts on the trading account.
5. Dependency on Technical Analysis: Scalping relies heavily on technical analysis and short-term price movements, often overlooking broader economic fundamentals or major news events.
It's important to remember that every trading method has its own pros and cons. As a trader, it's crucial to understand your chosen strategy thoroughly, master the necessary skills, and implement effective risk management to mitigate potential losses.
|
|
|
|
|
I am interested in adopting cryptocurrencies because of their potential in a decentralized financial system, fast and low-cost cross-border transactions, and potential investment opportunities. However, it is important to note that cryptocurrencies also come with risks and regulatory considerations.
|
|
|
|
|
I can provide you with a list of some well-known and reputable cryptocurrency loan platforms. However, please note that the status of these platforms may have changed since then, and it's important to do your own research before using any platform. Always exercise caution and verify the legitimacy of any platform you intend to use.
BlockFi
Celsius Network
Nexo
Crypto.com
YouHodler
SALT Lending
Unchained Capital
Liquid
Bitfinex
Binance
|
|
|
|
|
does anyone want to discuss about this project, I still hold some HVN tokens, and the price has been steadily increasing in recent weeks, I think this project is dead because there has been no activity or an increase in its price for several years, But now that the price has gone up again, there is news about what has revived this project. (makes me curious)
|
|
|
|
After purchasing my first coin on binance. I had over $400 worth of Bitcoin. Been a single mother of one promising child I decided to trade my coin so as to afford to feed my family without touching the $400 I have been able to save over the years. Everything went smooth not until I decided to place a buy order. I have never traded before this happens to be my first experience and it turned against me. How do I cope with this and how do I feed my son?
I haven't spent enough time with binance app. I was trying to study the app when I came across the trading aspect of binance app and been so desperate to start earning so I can feed my son I had to take the risk. Currently I am doomed and I don't have a job to fall back to. I do I explain to my baby I have lost our hope of survival.
I wish I can upload my binance screenshot on the forum for proof currently I'm helpless and I need full assistance at this point. I am sorry if I am not supposed to post this on this forum. But I just have to device an alternate means to cover up my lapses before things get out of hands and beyond what I can afford to control. I wish I can get help or suggestions on how to go about this considering the fact I have gone hopeless
my advice is not to trade if you are not ready for the risk, you need to know, many people who lose money in crypto trading, those who think will not use the main money to trade, Tranding is not something easy, study it first and only use your pocket money so you don't regret it in case of a loss. |
|
|
|
First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.
This technique has worked for me over the years.
bitcoin's current value is good, so it has a good impact on your trading, but what if the value of bitcoin drops continuously, of course you will lose in USD value, most traders usually use stablecoins as a benchmark, I feel that the price of altcoin follows bitcoin more often than against. |
|
|
|
|
Bitcointalk Username:murondi
Current post count:1377
Merit earned in last 120 days:0
ETH wallet : 0x33263f0E1dD436214A97D23afaA5C867425936B6
|
|
|
|
|
they can't stop bitcoin, almost everyone around the world uses bitcoin, maybe if it could paralyze the internet network around the world bitcoin would stop.
|
|
|
|
|
is it still accepting new participants, and how do I see the campaign participants who are accepted
|
|
|
|
|
You are looking for 1 or more Twitter users to promote your project
|
|
|
|
|
better not play on sites that have slow support, just wait, hopefully the problem is resolved quickly.
|
|
|
|
|
where can I exchange this coin,?
|
|
|
|
|
I want to join this campaign, but does not seem to qualify.
|
|
|
|
|
Show Posts
