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I will not lend money to others or my friends from the profits of the trade results. Because I want to develop my career
in the world of trading crypto and it is not easy, as well as require a lot of capital, so I will add capital first so that the
profit is also more. Maybe if I had a lot of money, I could have lent my money to someone else. But in small numbers.
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In my opinion you should not be looking at trading bots to make up for the fact that you do not have the time to trade, instead you should be looking for long term trading or investment strategies.
Bots may seem attractive because it sells the idea of a piece of code that can trade for you all the markets you want all the time, but unless you know how to produce profits on your own then bots are useless, even if a bot comes with a preloaded strategy that beats the markets the more users use the same bot with the same strategy the less profits you will get and then you will be back at square one, so you either learn how to trade the short term yourself and then make your own bot or you learn how to trade the markets for the long term, any other option seems like a waste of time and money.
Yes, I agree with your opinion mate, doing long-term trading by using bots may not be very effective for anyone. So I enjoy trading manually without the bot's help. It can hone my skills in daily trading. However, for a trader studying manual techniques, it is very important if you want to seriously nature crypto trading. We can't rely forever on trade bots. |
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With the burning of BNB coins, many traders and investors are switching more nowadays to BNB, of course,
because they all want to make a profit, because it is certain that prices are increasing. Now that BNB prices are rising,
it's very profitable for those who already held this coin in the early days.
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Everyone has different strategies and unique skills in trading. Very simple in my opinion, if not good at trading then investment is an option, when buying coins at a cheap price. But in a bull run market like this, why not take advantage, because prices are getting up and up. Maybe I'm one of those people who doesn't hold on too long, I trade short term to take a chance on this bull run market.
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You can invest $1000 and in Bitcoin or Ethereum or ADA coins. But of course, do an analysis in advance whether it is worth buying at the current high price. Buy the coin when the price is corrected. But if you are not in a hurry, you should enter the bearish market, because now crypto is bullish. That I suggest because you have no experience at all in trading. Because you will lose in this trade. Join group trading just to just share and get the science of trading. But it's certainly not a paid group.
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When I first entered the crypto world yes around 2013 until 2014 I got a lot of free Doge coins on Twitter. He handed out many Doge coins for retweets. It was a lot of doges in my wallet and if I knew the price would be like now, maybe I would not sell my tens of thousands of Doge coins. especially now Doge becomes hype because it is supported by Elon Musk as well.
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Investing in crypto must be prepared for all the consequences and risks of losing. There are many options here, all of you who decide whether to invest in bitcoin, maybe this is safe because in case of correction it will quickly recover. Or invest in old altcoins and on new projects. But you have to have knowledge of this. Try reading a lot about what coins are worth investing in and make observations on new projects if you want to take part as an investor in a new project.
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Dumping and pumping of coins occur in altcoins and bitcoins. Even when Bitcoin coughs. Altcoins become an even deep
dump correction when bitcoin price correction is deep. If the correction is just a little it is commonplace, so there is no need to panic,
let alone I feel the crypto market is still in a bullish state. Despite bitcoin correction, it will recover quickly and altcoins pump.
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From yesterday until today the market experienced a drastic decline because bitcoin also experienced a decrease in price.
So is the price of altcoins. Almost all are still flushed and this is the best chance to take entry on TRX or ADA. Their prices
are still cheap and will be green, immediately you buy before they go up to the top.
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Buying altcoins at the lowest price was excellent. Buy it when it is not in the altcoin season as it is now, where altcoins are already in a high state.
But I'm going to do it on certain altcoins that have good fundamentals. But it is safer for me to trade altcoins in a short time. It can be daily or
three days to a week to take profit. And buy back altcoins at a price correction.
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For altcoins like ethereum I believe he has always grown well even to this day. Also altcoins like DOT and ADA, as op says. But I'm not here to hold in the long run for altcoins, maybe when the price doubles, of course, I'll sell them and buy back when the price has gone down. Like this makes me happier. Since I'm an impatient person, that I prefer to trade short-term on the exchange.
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In the altcoin season now almost most altcoins give a profit if we trade them. We know that altcoins always follow the movement of their parent Bitcoin.
Any current investor will probably opt alt for long-term investments on ethereum, ADA. DOT, BNB. In addition the altcoins that OP mentions are also
potential, such as UNI coins as well.
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I do not think so, I think BNB is still inferior compared to ethereum. Ethereum is still the king of the first altcoin and it has indeed been proven from the performance and seriousness of its CEO so far Vitalik. But if BNB wants to be the king of altcoins, maybe BNB should overtake Ethereum which is in second place CMC.
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At this moment DOGE is being hyped even the price reaches a height of $0.3 at the moment or at 5000 satoshi,
sometimes down a bit and up. Right now the price is in that range.
Many traders take advantage of the current doge market moment to take profits. But for future prices I think it
can not be predicted, because sometimes it can be the price of doge fall to the beginning, or even can be high,
especially if there is intervention Elon.
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For that before buying altcoins need in-depth analysis and find the potential of the coin that will pump at that moment. But this kind of thing is difficult,
sometimes predictions are not always right. Talk about FOMO usually happens when coins are pumping and people are buying at high prices. Yes, this
should not be the case if you do not want to suffer losses by buying at a high price.
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Someone in the crypto world must have experienced the worst event. So am I. In investment and trading,
I've experienced it, also on my way as a bounty hunter. This is the twist of life in crypto. If we've had
the worst experience, make it an experience for us to avoid in the future.
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I believe in ethereum as a major pioneer as a smart contract network for alts project projects, where ethereum is now working on fixing that weakness. Indeed, other smart contract networks will take a chance when ethereum is experiencing such problems now because of the high cost of gas. But allow it to give opportunities to other smart contract networks, because indeed they are lower fees than ethereum networks. If ethereum is done in solving the problem, everyone is free for their choice.
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The longer you trade, the more you'll have different strategies to try. But in trading, it will certainly lose a lot, if the strategy
is not yet right. Because however, crypto is difficult to predict even if you suppose you follow social media to share about trading
with fellow traders and provide information to each other. Many telegram groups usually exchange information about trades.
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It's not just you who have such sad stories, even me, and everyone here. We've all been through that
and I think mistakes are an experience to be better at trading and investing. It is not easy in crypto
trading but if you have experience, maybe we can avoid such mistakes not to reoccur.
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