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This trend when it starts is usually very hard to spot because it can happen at any time. Though, you would know if a coin is being pumped due to sudden and slow but steady rise when there is no apparent reason for this trend.
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As a all time coin to forever hold, relatively speaking is of course Bitcoin because it sets the price of everything else. Nothing at the moment is surpassing Bitcoin dominance.
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The best advise one can give you about trading, in my opinion is that reading books and watching videos is all relevant but sometimes you just need the real experience which unfortunately only comes with time.
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I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.
It seems that you are on the right track. All of the stuff you mentioned are relevant to becoming a good trader but please do not forget that these things just take time. So keep doing what you're doing and give it time, you need these failure experiences to make you better. |
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I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.
i prefer to choose long term mate but with bitcoin which is certain than other coins in the market. because honestly doing day trading is very difficult nowadays and not safe especially if you don't have enough knowledge and experience how to choose a good coin to trade . That's why much better to trade with bitcoin for long term rather than choosing other coins, 'cause some crypto nowadays are not growing along with bitcoin when the market stabilize. You should first gain all required knowledge and skills about day trading because it is mandatory to be successful in trading. If you don’t have any experience and start daily trading you will definitely lose your money as many lost already. If you can spend some time with a crypto trading expert it will be more beneficial for you. By this way you can get knowledge and experience in less time. I agree with the above. As a novice you first need to acquire the knowledge, and that's really important when it comes to trading. Read, read and read is about the best advice I can offer you before playing with real money. |
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The first thing I'd do before investing anything, part from posting in here, would be to actually carry some research on my own. People's opinions can be biased so I'd be bearing this in mind before investing in the recommended coin.
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The dips are the most important points in remembering to HODL to your coins because as we have seen many times before these are usually as part of a normal market volatility/correction.
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I think this year's bull run intervention is not going to happen! Sorry, folks. If we were to be realistic for a minute, only in great market responses can the price really prosper and as I see it now there does not seem to be any such a high impact news that will drive this bull market.
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A 15% loss is quite a hard loss but it all depends on your future plans and your confidence in market recovery. For example, if you're investing with a long term mindset than I would not worry otherwise I would. I agree its a difficult decision but also very personal.
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Most of the traders fall in greed trap they buy in price pump mostly this mistake is done by newcomers
It is particularly hard to rule out this greed trap since its an inbuilt mechanism. But I do agree that for many people this was the common mistake that caused them to lose money. Since this is such a trading underlying problem one way to deal with it is by acknowledge the its possibility, then at least you was aware of it. |
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I have been a member of Telegram for a while now and I noticed that there are these signal groups there which are like of like pump groups. They have a VIP GROUP then a normal unpaid group.P. I day trade a little and notice that everyday coins get pumped by these groups and as we have no new money coming into crypto it is the same money being pumped and dumped in projects. Is anyone here a member of such signal groups and do you actually make a consistent living or gains from these types of practices? I am looking for a way to consistently make 30 usd a day for survival purposes through this bear market because I can no longer do this from normal day trading or bounties.
The first thing is that I'm more than certain if any one on here was to be part taking in any of Telegram groups you mentioned will not admit to it. The second thing, is that this requires a lot of effort from everyone to pump a particular coin which sometimes is difficult to get everyone to do it and say if somehow everyone participates its still no guarantee that the price will response accordingly. Thus, in my opinion this is a highly risky thing to be involved with with little profit. |
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I sort of agree with some of the comments I've seen already that certain months may be less advisable to trade than others but if I one was to be particular about it then I would say there is no strong evidence that such months are September for example. I think it rather varies with time and people's perceptions at that time.
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In my opinion having someone teaching you about the ups and downs of trading or markets generally is important and yh it can be super helpful. At the same time if you're not lucky enough to know someone who can share that with you then you'd probably have to pay the mentor. Alternatively, you could learn these things yourself but it will take some time and at certain costs.
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Eventually, yes. Even now we see more and more digital payments which take the form of either online purchases via paypal or banks. Plus, not many people carry cash with them. Soon we will transition into a cashless society
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Now is the best time to buy Bitcoin if you're thinking of investing into any coin then Bitcoin is the one. Bitcoin caught the eyes of investors and everyone assumes that we should soon see some sort of a bill run.
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I think the idea seemed more feasible last year when it reached the 20K marks but seeing how long the prices have struggled I have the feeling that the BTC price bubble may not rupture quite like that. Its my take, but what else do you lot think?
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As a starter in trading you have to do more than just be able to read the charts. You have to have a good general knowledge about the markets in general not just the coins you'd like to trade. This can be done from reading the news and trying to be up to date with what's happening to the market. Then you should be prepared to start trading.
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Nowadays, I've become so busy that gladly it has nearly reduced my gambling to almost 1/2 a week, which for me its a massive improvement. Keeping mind and body busy really helps.
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Addiction of any kind are bad for the human body, plus its a frustration really. If there are remedies that work to combat such addictions, particularly gambling those should be made available. It could save many people.
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One sad fact but nonetheless true is that there is no luck in trading its skill and perception plus not every one is cut out to be a goo dtrader. Maybe you're at the beginning- every beginning is hard.
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