|
Actually putting all your eggs in one basket is not good, but considering your actions and reasons, I would say your wise. Bitcoin is the father of all cryptocurrencies if it falls a bit altcoins falls deeply, so I think investing all you got on bitcoin is safer than splitting your funds! Reason being that bitcoin is a very strong potential coin and doesn't fluctuate like most altcoins, the only thing you will be missing out is the Roi percentage your supposed to be benefiting from altcoins, because if bitcoin rises by 10%, some altcoins will rise by 100%. So you benefit more while investing on altcoins.
|
|
|
|
|
Yes the rate of African countries trading bitcoin will keep increasing no matter the law been placed against crypto reason being that most of the countries are still developing or undeveloped, in some of the countries life isn't that easy for them, even the hankworking and educated ones still find it difficult to get jobs and on the other hand crypto is offering an opportunity of making cool cash with no stress just only to learn and gather much knowledge about crypto then your good to go. So tell me why there would see an opportunity like this and wouldn't want to jump in.
|
|
|
|
|
Most people just learn the basic of trading which is just executing trade, but this isn't enough to be a successful margin trader if not you keep loosing funds, you have to learn about chart patterns, know how to analyze trade, know how to read candles. With this knowledge of technical analysis you could actually know when to enter and leave the market, like it's said no one can actually know the direction of the market! I might be new but with my studies I can say technically analysis could help to predict the market to an extent. Trading futures without knowledge of technical analysis is just like gambling because you don't know the next movement your just trading based on luck
|
|
|
|
|
Actually to become a successful trader there are price you need to pay, more especially for futures trade it isn't easy at all, you must learn and keep learning to grab enough knowledge about trading futures if not you keep loosing money, being a day trader you have to know when to enter and exit a trade to be in your favour, you must know how to analyze trade, learn about charts pattern! Without knowing all of this and you went on to trade futures just know it that your gambling not trading because you can not just enter at any point. Your strategy is about spot trade which is very easy for everyone, buy low and sell high. Waiting for a massive crash which happens one's in a while isn't much profitable because it takes so much time but it's a safe pattern of trading tho.
|
|
|
|
|
I just got to find out the importance of saving asset in bitcoin. As of last year October I just decided to split my savings into two and used half of it to buy bitcoin then took half to bank and deposited as fixed deposit which means I won't be taking the money for a period of time and bank will in return be giving me little percentage which I will take as profit, recently I tried comparing the profit I get from both bank and bitcoin, I found out the profit I got from bank is way low compared to what I got from bitcoin, then I decided to stop keeping my assets in banks rather I keep it in bitcoin which later turns out to be an investment for me.
|
|
|
|
|
Can I still participate???
Or Is it too late
|
|
|
|
|
Show Posts
