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Bitcoin / Bitcoin Discussion / Re: The Major Risks in Crypto Business
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on: April 24, 2021, 07:10:02 AM
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I will be delivering a lecture or an address by weekend on a topic which would be part of the Crypto book am working on. The topic i will be teaching is "Crypto Risks: How to Minimize risks in Crypto business."
I would want to focus on trading and Investing. But, i want to know what you think on the following;
1. what are the major crypto risks that one should know and avoid by all means.
2. How do we tackle these risks or are there way to tackle the risk?
We can use btc trading and investing as a case study.
First, the major crypto risks that everyone should avoid is to buy those coins that are not fundamentally solid. Many people are being deceived by quick profit scheme without knowing the purpose of that certain project. We have to avoid those coins that we call it as pump and dump because it may seem to be a good investment but we know that it is just a strategy of the founders/owners so they can dump their holdings. I hope everyone can learn how to analyze a good project and a bad one. A good project takes time to develop.
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28
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Economy / Trading Discussion / Re: my trading is a fail help me, thanks
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on: April 23, 2021, 05:56:54 PM
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It is really difficult to learn to trade. It takes time and a lot of patience when learning how to trade like this is not just giving your time, this is also about risking your hard-earned money. I know how frustrated it is that you always fail and lose every trade, but remember that every failure comes with learnings that you can use to become the profitable trader that you want to be. There are pages on Facebook that can help you to achieve your dream. You can also try watching on Youtube. There are many videos uploaded there that discuss their strategy in cryptocurrency trading.
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29
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Economy / Trading Discussion / Re: Quit My Full Time Job to Trade Cryptos Full Time
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on: April 23, 2021, 05:15:46 PM
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This is one of my greatest dreams when I earn enough money to sustain my lifestyle for 2 to 3 years so I can focus on crypto. That's why I've been doing the day job and many sidelines and investing in crypto so when the right time comes when I have to harvest my investment, I will have enough money that can cover my need and wants for 2 to 3 years and focus on becoming a trader.
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30
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Economy / Trading Discussion / Re: My trading strategies
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on: April 23, 2021, 04:31:57 PM
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I like your strategy. We are a bit similar. I am a long term trader also, many called it as a long-term investor. So when the market is down, I buy all the coins that I found good in terms of my fundamental analysis. I buy Bitcoin and other coins that I think will grow exponentially over a long period. I don’t usually sell all my coins every time it increases in value. I just sell a portion and retain a large portion of it for future investment.
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32
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Economy / Trading Discussion / Re: Is it possible to double capital in 2 months?
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on: April 19, 2021, 11:37:35 PM
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Yes, it is possible. I have known many good traders and they can turn their $100 into $100,000 and even millions. It is not easy, it requires trading skills so you can execute a good trade and take profit. But then, it needs time. There may be traders that can make a thousand bucks in a few days, but some take a month. We all have our own time. Let's just be patient and keep pushing.
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33
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Economy / Trading Discussion / Re: It's the easiest to trade when you aren't trading
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on: April 19, 2021, 11:25:01 PM
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Trading is a very good source of income. But you have to invest more time in learning and practicing the best strategy that fits you. Most of the best traders now have experienced losing money before they get the strategy that fits to them. So just do not give up easily. Everything takes time.
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34
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Economy / Trading Discussion / Re: Why risk management is so important for Every Trader.
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on: April 19, 2021, 11:18:17 PM
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Cryotp Trading is not a Hassle free business, this is very risky business for new people, and nobody can make good amount from crypto currency without any Risk. On the First time i invest a little amount on a Coin now i already make 10x from my investment.
That is right. Cryptocurrency is very volatile which is why this is a very risky investment. Risk Management is the key. In short-term trading, Please be mindful in putting stop loss to avoid getting wrecked. This practice was not followed by many, mostly newbies. Cut loss if necessary when things didn’t go as predicted, then find a good entry.
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35
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Economy / Trading Discussion / Re: I'm wondering who trades with paid signals?
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on: April 19, 2021, 11:06:43 PM
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I joined paid groups for their signals and trading. But with a limited time. So for me, it is not worth it or maybe I am not just ready. I realized that learning how to trade has a different timeline with each of us. Some learn easily with few months or few days. Some take years.
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36
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Bitcoin / Bitcoin Discussion / Re: Is bitcoin difficult to understand
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on: April 19, 2021, 05:44:57 PM
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Bitcoin is hard to understand for those people who are not tech-savvy. Of course, they won’t be able to adapt easily. Bitcoin was invented to improve our lives, but then this high technology is not that user-friendly from the point of view of those in the Xennial generations.
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39
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Bitcoin / Bitcoin Discussion / Re: Saving asset in bitcoin is much more better than saving in banks
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on: April 15, 2021, 05:00:53 PM
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Saving your money in the bank is not a wise choice. Though banks do offer an interest when you save your money there, it is too low that you won’t feel that your money is growing. Much better to invest the money that will give you a high return. But high return comes with high risk. So be careful. It is really good to invest in Bitcoin because you know how much will it grow over time. It just needs patience in holding it for the long term.
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40
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Bitcoin / Bitcoin Discussion / Re: What has bitcoin done for you?
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on: April 15, 2021, 11:00:17 AM
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Bitcoin made my dreams do come true. Because of Bitcoin, I realized that we have to focus on something that will make us big one day. There are many investments out there but Bitcoin and alts for me are the best. We have to be wise in investing our hard-earned money. So we must invest in something that will give us a very high return and that is Bitcoin. Bitcoin changed my life conveniently.
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