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This question came to my FYP on X and I could relate because at a time in my life it was the lack of knowledge of not knowing how to trade that was holding me back from making profit until I started learning how to trade from my mentor and I can make some profits when I get my reading of the market right. I also had the challenge of getting capital that I can use for trading because I was depending on my trading profits until I got to know that trading needs a trader to have other jobs because you can not only depend on trading profits when you do not know how to trade excellently. Other traders are having difficulties in trading because they do not have the right information that they need to become good traders or because they lack the capitals.
What can you say about this two problems, how will you advice a trader that is suffering from any of this problems or how did you get out of the problem if you had suffered from having lack of capital or lack of knowledge. Which of this problem is more common among traders?.
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The bull market is approaching and after that, the altcoin season will start as it has done in other bullish time for the market. Everyone has to be planning for what they'll buying in preparation for the bull run therefore I have a question for everyone. What altcoins will you be buying in preparation for the altcoin season if you only have limited option to choose between investing in old tokens, projects that were launched before or during last bull market or tokens that were launched between last year, this year and the next year. Let assume you only have $1000 and you can put this money in 1-5 projects but they all have to be either old tokens or new tokens that you'll be buying. Which one will you go for, for those that will think they can choose the two type of projects, that won't be possible. I'm trying to see where the attention of investors go when selecting tokens to invest into for the altcoin season.
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Bitcoin dip below $40,000 yesterday which most people thought was going to be the support or lowest price of the market as we were all bullish after Bitcoin ETF got approval from the security & exchange commission. The price of Bitcoin has recovered to trading above $40,000 but it might dip again therefore I'm writing this thread to advice the forum members not to panic. I haven't been too long in the industry as I started my journey recently but during my research and comparing Bitcoin prices before and after the halving, I noticed Bitcoin has never crossed the ATH before the halving but many people are thinking it'll do that this year rather I noticed that it always dips before the halving and that what is happening to the market therefore we shouldn't not be alarmed, this is what happens always from the history of Bitcoin and history always repeats in the market. Lets be guided and don't lose faith as the market is only dipping not crashing.
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I started learning how to trade and my teacher just told me this advice that no one has gone broke taking profits when trading. I have always wanted to earn Bitcoin but I have been confused how to start then decided that I'll learn how to trade. I have been reading through the forum and I see lots of advice about holding and it's looking like if you sell you're not doing the correct thing. The first advice I have received is that I should always take profits. My teacher said the profits you take is better than all imagining profits you'll think that you can get in the future if you keep holding. He didn't say holding is bad but I got advice not to neglect the profits that I can take. I got this advice and I want to share it with everyone, always take profits.
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I was doing some research on types of cryptocurency and discovered that we have tokens and coins. For those that don't know the difference here's a simple explanation, coins has their own blockchain while tokens rely on others blockchain to operate just like we have many top cryptocurency relying on ethereum blockchain to operate.
My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token. Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.
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