Lately trading have become a such of livelihood for some traders as some have turned to cryptocurrency trading to meet they daily needs and pay their bills, but have been wondering which is more profitable and less stressful since trading is base on quality decision. Should one trade passively or just trade once in a while for both emotional and physical well being.
this depends on each individual trader. if we are comfortable trading at one time and we are comfortable doing it, then that's a good thing for us to do. but sometimes we can't wait to enter the market and it happens naturally to every trader, therefore we can create another account to release our aggressiveness. but there are also those who offer copy trading without us having to trade ourselves, but we have to look for good references |
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Everything in my opinion can happen in trading, predictions is a source of getting close to the problem in trading but didn't have a 100% accuracy in every and each prediction. So, always try to be realistic and don't depends mostly on these predictions, and another thing always learn by yourself and be experienced always.
There are really people who are relying on predictions even those are unrealistic to happen. We always see that hodl to death scenario on some new projects. It's fine to rely 100% on predictions as long as there are lots of basis why we should believe in it. Unfortunately, even for a project or coin that doesn't have any fundamentals, as long as it has created hype, it will create an unrealistic prediction that will make people FOMO and later on, wrecked. indeed there is no 100% correct prediction, especially for new projects, this will actually be even more difficult to predict. many incidents of them being carried away by emotions and letting them turn to ashes, even though we can provide stop losses or reduce capital to invest, so we don't risk all the capital we have |
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I've also experienced something like that, we feel sorry to be sold with the expectation that the price will immediately return to the top, but what happened was the opposite, and in the end I was psychologically disturbed and finally I couldn't think clearly. since then I have to place a stop loss whatever happens because of the experience I've had, even though sometimes after hitting the stop loss the price goes up again
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Of course, the reason is simple, namely fear that if the money stored in crypto will be of no value, as we know that there is a lot of negative news about crypto, namely if we invest, we will lose and lose money because the value is not clear, this is what makes many countries afraid to invest. legalize crypto so criminals don't want to save into crypto.
I'm not sure if at this time there are still investors who believe in such news. indeed the price of bitcoin is not clear because the price of bitcoin can not be predicted, but this is not an excuse if bitcoin or crypto is a bad investment. all investments certainly have their own risks, although the risk of investing in bitcoin is quite large but you also have the opportunity to get a big return as well. to soar higher it begins with a crash on bitcoin and is followed by most altcoins. even the decline in bitcoin is sometimes deliberately done to benefit the whales. and I think crime can occur in every element which of course has certain weaknesses and I think it is very natural to happen, and of course there are ways to prevent it if we are not negligent |
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it’s very clear that cryptocurrency is not going to be replacing the banks at all. The only thing is that the government will keep trying as much as possible to see if they can regulate the cryptocurrency market/ecosystem. They are able to regulate part of it, because of the centralized exchanges that we have now. Why they are still unable to take over the whole ecosystem is because the market has become really huge now with miners across the world, and so many people making use of decentralized exchanges.
If it was very easy, then they would have have done everything possible to put an end to the cryptocurrency we known today. Finally, bitcoin has its own and I believe that it is accomplishing that, while fiat and the banks are on a different lane.
I do agree that banks and politicians could get together and try to destroy what we have in the crypto world, but I also believe that there is a good chance we may never have anything even remotely similar to that as well. I can't predict what they will do, I am assuming that they would be doing a lot of things to stop it, but then they do not even try. I get that they may fail even if they try but I assumed they would at least try to ban it at least. Look at china, they keep having these "crypto is banned" news all the time and it sort of works, sure they can't stop it, but they are at least trying to do it, which means that other nations could try to ban it as well, and yet we do not see them trying that at all. we don't know what the real purpose of china is by always giving bad news on cryptocurrencies as it is today. if many countries do the same as china maybe the growth of crypto can be suppressed, but this is not done by many countries, in my opinion crypto is a technological development that is not easy to stop, so many countries are still waiting for further developments to make clearer regulations . |
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In my own opinion, banks will not die to be taken over by crypto soon, this because banks are very important because some banks are really ready to work together with cryptocurrency and government will never make that happen.
Where did you read that the government is working with banks to make crypto easier for people, the government has never line with crypto, they are just trying to regulate it since they have to ban of several timea but people has refused to stay away from it. The adoption is growing at rapid rate and it fear them that they may not be able to control the atmosphere, hence the need for regulations is essential to them. in my country, there are no signs that the government will enforce bank regulations in cooperation with cryptocurrencies. what is currently happening is that the government only allows its citizens to have cryptocurrencies to trade, but is prohibited as a means of payment. Therefore, I think crypto legalization will take a long time to be realized, let alone cooperate with banks |
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there are many events around us, especially our friends who want to learn trading, because they see us living comfortably with trading, and their question is the profit they get. from that they were wrong in the first step, their expectation was that trading was an easy way to make money in a short time. if they are determined to enter the world of trading, then regret will come to them. learning to trade is a process, and we are tested many times from different angles
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actually in trading we have created a framework that fits our analysis. after we place a trading position, of course there are 2 possibilities, namely we lose or profit, and to anticipate a bigger loss then we can use a stop loss tool so that if the market does not match the analysis, we will lose according to the initial RR calculation, because for me after we move , then God's hand works
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if this is to be realized, then each child has their own wallet, besides that we can set aside cold money to start investing according to their abilities, if your child is still small at this time, then over time at least they can be guaranteed good educational facilities at affordable costs. later taken from their respective wallets, without paying attention to it, the investment will grow in value and avoid inflation
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my belief is only based on bitcoin users who are currently still minimal, so there are still many opportunities to always print new ath. but it is indeed a difficult time to predict, the more new investors come in the more the price will increase as the demand for bitcoin increases.
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With $30k then I will divide it into 2 types of investment, $20k I buy top coins, namely BNB and Cake then I use it for farming or staking on Pancake, there is APY up to 90%, farming and staking are safer. and the $10k I will use to buy new listed coins that are trending on top exchanges.
Sure? top coin but Pancake and Binance coin only?  what about the other top coins like ADA , EThereum and Ripple? don't you think those are the good investments also? farming or Staking isa good idea but remember that this is also a risky way of profiteering. If you have no Deep knowledge and experience then best to step behind these strategy . right, there are some potential high-end coins. farming or staking will provide passive benefits, but this method is also not without risk, so that after we understand the risks, then we can continue our steps. For me, the safety of funds is the main thing, and asset diversification is the main thing that must be done to share the risk |
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I think meme coin is not good for long term investment, because it is not safe. but we can buy it and if the pump happens we have to get out of the market immediately. this is because memecoin is easier to manipulate, so it is very risky if we are greedy in taking profits, if we don't immediately take profits, panic sells can occur, because prices can dump at any time
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actually cryptocurrency trading is the same as stock trading or forex trading, the difference is that the volatility of cryptocurrencies is higher, so crypto trading is high risk high gain. For beginners, I think learning the risks is better, so that in our imagination we don't only achieve up to 100x, but we also understand the risks that must be borne.
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I think at the current market status right now, buying at below $60k is a good entry point if you want to accumulate more btc. If you want to hold it for a long term theres no problem buying at current price, if you believe in btc and its potential in the future then stay buying always at the dip and hold it but I still advise dont put all your money in one coin, alts also can give you enormous profit by just holding.
as long as we are patient waiting it will pay off if we invest, buy under 60K, there are some altcoins that can make the main choice like ethereum or binance, or maybe we can use a small part of the capital to try our luck on new coins, so that it can increase our profits and also the security of our funds is healthier |
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Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.
for me, don't be in a hurry to get high profits, shouldn't every business be done gradually. like crypto trading, of course we have to learn a lot and seek trading experience, so we can be calm when trading. did you feel comfortable from your trip, when you lost and recovered? Of course, learning must continue, so that we can enjoy trading even if it is profit or loss |
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although altcoins follow the movement of bitcoin, they have a different percentage increase in movement, and usually the increase in altcoins is higher than bitcoin. For diversification, I think choosing bitcoin and some of the top altcoins will make our funds more secure and we will get a bigger profit as a result of the increase in altcoins. for me bnb and eth remain my favorite must-have altcoins
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Due to social media bounty and airdrop getting less payment. I decided to make a trade.
But I'm really confused how to start the trading so that I can make a profit daily. I need a reference where I can learn about it.
If anyone have a good chanel sugestion for learn in trading crypto, please reply.
Thank you 😊
nothing is instant in learning to trade, especially for beginners, so our first orientation is learning, not looking for money. if you want to be safer, invest, which is not as complicated as if we are daily trading which requires good thoughts and psychology. Over time we will understand the flow of the market so we will be smarter in trading if we continue to learn to practice using a small part of our capital |
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as far as I have experienced, as long as we can use it wisely then a credit card can be very helpful. we can withdraw cash from the card that we have with a certain limit. this is very useful for entrepreneurs who need money in an urgent time, especially if we have several credit cards so we can cover each other's bills, most of them are stuck with credit cards because they use them consumptively to pursue a lifestyle
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Trading wise reversing a breakout and failing to hold that is surely a bearish sign. Is the market overall in a bear trap is not correct just from that move, all the long term averages are moving upwards with good reason we've spent most of the year accumulating and nothing has mitigated that especially so far in volume terms etc. Caution while we remain below 50 day average
I'm not Thomas but I doubt if BTC will go any down further as it dip back in some days ago as many consider as black Friday. It doesn't worry me any longer when I see bitcoin price going down because it has and always bounce back. It's just the whale doing their thing and taking profit and buy back when they see the opportunity. I feel sad when I see btc fall in price and don't usually have the money to buy at lower price. this has often happened in the market, when whales sell prices will drop drastically and when whales buy prices will pump up again. not infrequently they also intentionally create FUD so that the price of bitcoin goes down and they can get bitcoin at a low price. Crypto market conditions are indeed very difficult to predict, everything can happen very quickly and we are required to always be vigilant and be able to take advantage of opportunities as well as possible. Over time, the strategy of the whales did not have a big impact like in 2018, investors are now smarter in responding to the market, it is proven that the price correction that occurs does not cause panic for traders and investors, in fact every decline will be used to buy, until finally we can see some new ATH this year |
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Back when 2017, it shoot up like no one has ever imagined it will be going that high in a matter of months and then most of the people taught it will be the end of crypro when it suddenly crashed by December. During that time the network was also a bit of an issue. I have remembered it that way and we should not doubt by this time. We may experience correction but I think crypto will still be a long ride for all of us.
Correction is common in crypto and I don't think crypto will end, and if we look at 2018 when the market really fell and until now crypto is still surviving and growing, the most important thing when the market is falling we have to stay calm don't panic the confidence of every trader is currently higher than in 2018, at which time traders seemed very sensitive to news that cornered cryptocurrency, until it finally dropped to around 80%. It's a different case at this time where investors are smarter in responding to the news until finally the correction that occurs is not a big crash |
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