Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?

Most things newbies don't know about crypto;

_ crypto trading is not a get rich quick scheme, it's a process and to be a profitable trader you must follow the process.

_ Never borrow money to start crypto trading, because it's very wrong to be trading under pressure.

_ Never give your coin to someone to trade for you, there is a high probability of you getting scammed.

_It is inevitable to hit losses at some point in the crypto market, it's just normal and it happens in any other kind of business.
What makes you a profitable trader is the ability to make more profit than losses.

_ The more money you put into crypto trading the more money you get and also there is a high risk losses without proper risk management in place.

_ Determination, consistency and practice makes you a better trader.
Don't despise your little beginning.

_ Learn to master your emotions.

[if it goes down, if you don't take profit, if you don't use stop loss and if the coin goes against your analysis.]

When trading there are rules to observe in other to protect your margin, it's more like if you can't make more money, don't lose the one you have,
 That's where risk management comes in handy.
    The strategies are;


_ Don't risk too much money, start with what you can afford to risk. Focus on the risk not rewards.

_ Identify potential risk as;if it goes down, if you don't take profit, if you don't use stop loss and if the coin goes against your analysis.

_ Reacting to risk, use stop loss and always take profit.

[head]

Your money is not safe in the bank.

Your money is not safe as an asset.

Your money is not safe at home.

Do you Know where your money is safe in ?

Your head! Yes in your head!

Invest into that head!

It's always safe there, because you wouldn't fail to make the right decisions.

The fact that you can lose money on a business an can make it back in no time so far as you have the knowledge.

Knowledge is the greatest thing you can give to yourself after christ.

Happy children day from this side of the world!!!

The logic of life is that you can't earn more than you know,
Any amount you are earning today is 80% as a limit of what you know.

The richest man on earth is earning whatever amount he is earning due to the advantage of  what he knows or  can do.

So, before you can move from earning $100 dollar monthly to $1000 per month,
   One of the major thing you must scale up is your knowledge.

So ask yourself, what should I know that can make me ×2 my monthly income?

Seek knowledge always.

[having more than one source of income.]

The big secret of making it big in cryptocurrency which I honestly wish I got to know at the very beginning of my crypto journey is
- having more than one source of income.

If I were to write a crypto commandments this would certainly be amongst the top commandment of crypto career.

Many people don't often understand that having more than one source of income could still be achieved in the crypto industry, without having to stress too much and burns out.

Here are 5 ways to diversify your income with crypto.

-crypto trading and investing.

- (OTC) over the counter trading.

- cryptocurrency jobs.

- Arbitrage.

- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.

Here are the benefits:

- You will have stability because if one is lagging a bit, the other will be generating cash flow.

- Also you have a great leverage over person who are stuck with just one aspect of the crypto industry, because you have a better understanding and experience from being diverse.

Once you are very good at two of those listed, you are good to go.

[Don't ever trade under pressure.]

Trading will be more favorable too you when you have a system/strategy that works for you, but no matter how perfect you feel your system/strategy is,

Don't ever trade under pressure. pressure to pay off a debt,
pressure to pay your rent/ Bill's.

I till repeat, Don't ever trade
under pressure because no matter how you do, that pressure will make you do the following,

- over trading: once you start over trading while under pressure,  your decision making will be very poor.

- less control over your emotions: it is near impossible to control your emotions while under pressure, like rent an debt.


- poor risk management: your risk management will not be put to good use because you are desperate, you want to meet up and that will be when time will be working against you, so please fellow traders stop trading under pressure,
    I don't know if anyone have more to add?

Financial education has always been a game changer in the financial state of a man, it is the best education a father can give to his children because once you are financially educated, it's near impossible not to be financially stable.

Have you wonder why most lottery winners have gone back to square one after winning or most rich kids losing their inheritance due to poor/bad management of funds, it's because they lack financial education.

On the other hand 1million dollars is truly a life changing amount of money but if you are not financially educated, you will lose it all on  the long run,
I don't know if anyone sees it the same way I do?

Trading is 90% psychology, but

- you can't build confidence without a profitable system.

- you can't have consistent gain without a profitable system.

- you can't be disciplined without a profitable system.

- you can't win without a profitable trading system.


Trading gives you money, in order to to protect your money risk management is paramount.

[a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.]

Working as a civil servants have always been my thing, I work from Monday to Friday which to me is normal, I feel proud doing it until I started trading bitcoin.

Trading started making me see things differently, because I no longer wait for my monthly salary, now I earn money daily and week, due to the kind of large amount of money I make in trading I fell out of love for my civil service job, because the money is small  but it is still a decent salary.

Note: in trading I earn base on performance, but even though the market is too bad, I still earn a decent amount of money out of it in a month base on my level in trading.

My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.

Which do you prefer an why.

[I don't know if am wrong or right for opening up, even though I told him of the risk involved.]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

First republic bank lost 50% of it's value today and will reportedly be seize by the US government.

Another major bank has collapse, banks are dumping an bitcoin is pumping,
It pains me to see what is happening to the banking sector, but the good news is that bitcoin is doing what he knows how to do best, keep on pumping.

Most of the newbies in crypto space believe once they have a large capital they will definitely succeed in the crypto space, but they are wrong, not knowing that if you can't grow/manage a small account, you can't grow/manage a big account either, their are common mistakes they usually make an I will be giving out tips on how to avoid them,
* Over trading-- it's very important for a day trader to limit the number of trade he/she took in a day.
* Lack of trading plan-- develop a strategy an stick to it, do not ever enters a trade blindly, if not the market will remove you blindly.
* Failure to use stop-loss-- to me it's the most important thing I do while trading, an it's always close to my entry price, I do it that way so that if the trade didn't go as planned, I won't lose more than 10% of my margin.
I don't if anyone have more to add, so I can also learn?

I was reading an article sometime ago when I bump into a sentence, an I qoute, '' will you sit by an allow this opportunity to pass by again? Yesterday you said you will do it tomorrow"  this got me thinking all day like why have I not been able to buy bitcoin, I miss the opportunity in 2014 because I feel it was a scam, am I missed the opportunity, look at me today, investing in some alt that wanted to give me high b.p
I must buy bitcoin today, I really don't know if someone else is experiencing the same thing out there?

When you talk about cryptocurrency, the first thing that goes into your mind is bitcoin, my advice to crypto investors is invest where you feel safe, which is bitcoin, when you buy bitcoin, you don't just buy an asset, you also buy peace of mind.the market can be sometimes crazy that even the dip will scare you for the value of your asset, but bitcoin will always be bitcoin, it always stand strong, it doesn't fail to rally back an most times even better, unlike most alt that wouldn't gives you peace once the dip is very strong,  I don't really know if anyone else feel the same way?

Analysing the trend of the crypto market can be very complicated, base on the fact that their are two major deciding factor in price analysis when trading, which are the technical indicators an news about a project.
  I have not been in the crypto space for not too long but I have come to the conclusion that the news is more influential in the trend of the market than the technical indicators, guys what do you think?

Trading bitcoin has always been one of this life( modern world) leavarages too me in making money.
An the most effective way of doing that is let the market come to you.
Neediness repels money, when you are needy, you will chase, an when you chase you will overpay,
You tell the market give it too me at this price right here,
Set other.
If you don't give it, then no deal.
My price or no price

While growing up things were quite easy, an I also know that life was also easy for the common man, not until 2018 that things start changing for the worst, from then till now the rate at which inflation have struck my country to an all time high is so alarming.
  Everyday price of things keeps on changing but the salaries of a civil servants still remain the same, the money that we use too feed from, buy water, pay rent, pay for light an even save from, now it can't even service our monthly needs for even half of the month.
 Most times I feel for people that have many children because too get basic needs in today's economy is very difficult,
  the annoying part is that the government an it agencies are doing nothing or less about the cost control of goods and services in the state.
An this has created a torn in the lives of many as situations keeps on getting worse by the day.
Am wondering if it's same experience in other part of the world.

When you think of cryptocurrency, the first thing that comes to your mind is bitcoin, you know why? Because it's the most reliable digital asset.
  The crypto space might be bearish right now, but bitcoin always have his way of bouncing back.
 Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead,  I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.

While growing up in the cryptocurrency industry I have had my own fair share of losses while engaging in ponzy scheme believing that they were legit, not knowing that they were all fraud.
   So since then, I believed that anything virtual currency online are fraudulent.
 In 2021 a friend of mine introduced bitcoin to me, but base on my fear for online business, I wasn't even interested even when he broke every details down too me on how it works, but I refuse to even give it a try.
In 2022 I decided to do my own research about it, which i discovered so many positive things about it, and what gives me more confidence about it is that I found out that most establishment and government are into it, an it's been blend into their financial system.
When I started my bitcoin journey is when I knew how ignorant and misinformed I have been all this while.