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But this is what I want to highlight. Though I could have got more profit I am not sad since I got at least a little profit.
I know I would have been more happier if the price would have decreased after I sold but I am not sad that it instead increased.
So guys, it's ok if your profits are less. You are at least making profits while things could have gone the other way around.
I agree with you because the crypto is unpredictable and the price of a coin can go either up or down within a blink of an eye, so setting up a set target and selling off when you're near your target or already in profit is the best way to be able to beat the market because no matter how small a profit is, it's better than holding up for too long which might result in massive dump of the token. |
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When talking about the best available exchange in the market currently, the only one that ring a bell in my head is Binance amd i believe a lot of forum members would agree too. Binance is termed the number exchange because it seems to have almost every features needed by traders and it provide the best of services, reduced fee and has almost the highest volume and liquidity which makes it perfectly suitable for day trading
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I also often watch videos at Youtube and it helps me a lot in trading. However, you should be selective because they are not always accurate and can help you improve your trading. Personally, I'm usually only interested in the advice of good traders in this market because they will give you a lot of good lessons and will share some of the strategies they often use.
I agree too, video tutorial are the best in teaching newbie traders the practical aspects of trading, they can read up about the basics and things they should always avoind through blogs and e-books but they sure need videos to take them on how to go around trading adventure on exchanges. By the way, the learnings are just to give a good foundation as they will learn to make their pwn choices over time |
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Well i don't know about the project and their credibility but why conduct a turbo sale with a price much lower than there exchange price and still planning for a new one, don't you think this might continue more and more until they are kind of done raising enough money from investors and possibly exit scam? My advice is you should make a through research before investing in the project and invest what you can afford to lose most especially when investing in start ups such as this! |
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I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??
Can anyone explain?
Dcoin is knowm notoriously for there bots, fake volumes as well as wash trading across the entire crypto space and that's why people mostly avoind them and opt for good exchanges with good volume and liquidity only shit projects list on Dcoin. There are other exchange with similar bot activities amd wash trading such as P2pB2b, idex and bilaxy. My advice is you should stay as much far away from those exchanges |
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With no doubt this market is here to stay and no matter how bad things seems, the market will always bounce back stronger because the technology behind bitcoin is way to good to die off. I think majority of the people that sold off there portfolio are those that needed cash to stay strong during the global pandemic as well those that have health issues. I believe when the pandemic is over and the market starts experiencing a bull sign, we will se lot of the people that left trooping back!
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There have been so many posts on the forum suggesting that it is the right time to fill your bag, I quite agree but then, you need to fill your bag with caution. There are so many projects that are dead already but pretending to be alive using the bear season as an excuse for now. The team behind most of them are just looking for a way to dump on you trying to make you understand that they are working round the clock to develop the project, a project they have all the time to develop in the past but could not, now they want to develop, hmmm, what a way to full the people.
You are damn right, this space is highly unregulated and any wrong investmemt choice will result in huge loss and that's why everyone should be subjective to buy pressure, shillings and FOMO because without thorough research to know if the product a project is developing worth what it's take to be adopted, you will run on a loss if you invest in such a project.... It's not always about investing randomly but rather investing wisely in value addictive projects |
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For those newbie in cryptocurrency in all certain platform, if you want to invest your money first, you have to think and conduct a research regarding on why do you want to invest your money. For you to be able to gain a good profit and to avoid the losing of your capital. Hence, there are some people who have insufficient knowledge in trading, investment etc.
Not only in cryptocurrency investments but every investment option out there, investing blindly without knowing the in and out of the what you are investing in a sure way to run on a massive loss. A lot of people even some of the self acclaimed experts often trade without proper research and vetting of the project which is very bad and often result in massive loss. Investment is this space is highly risky and there's not any legal advise to it so every have to own up some responsibility |
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