Hi I want to get into trading and just wondering if anyone has any advice on how to get started? ..
If you have a choice at the moment, then I would recommend that you refrain from trading and focus on long-term investing. In this case, you need to figure out what DCA is and how to use this strategy correctly. Perhaps this recommendation will help to save your deposit. Yes trading is too risky and the most realistic option is long term investment, long-term investment will provide a profit as well and most importantly the key is patience, apart from learning DCA for newbies it is better to focus on learning on various things. |
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I think it's nearly impossible. TRON is not as popular as DOGE but I think TRX is a good token because it is not a meme coin like DOGE. But DOGE's popularity is bigger than TRON. Not many exchanges use TRON and what stands out the most is that the max supply of TRON is very large, making it very difficult to increase prices.
For me it becomes an exception for Dogecoin even though it is a meme coin but I think Dogecoin has value, and related to TRON indeed it is one of the potential coins, hope that in the future there will be developments so that we can see the price of TRON increase. |
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Some few days ago, Mark Zuckerberg launched a new app called Thread. The whole netzines are wondering what his intention. Could this be an experiment. The shocking though expected of it is that a few hours after it was launched, it recorded success both in the number of users who signed up to use the app and most importantly on Meta's stock. However, looking critically at the app we can it is obvious that it is merely Instagram clone.
There is no transparency in many of Mark Zuckerberg application, I think this Threads is same firstly I noticed that it's just another version of Instagram and automatically you can get added by your friends from Instagram although some people who are in chase of increased followers but people like me that love privacy aren't cool with it. I have stayed on the application for a while and if the intention was for threads to compete with Twitter then I don't see any competition, Twitter is on a league of its own and mark Zuckerberg should not expect to dethrone Twitter. I think threads hype would die down in few days . Indeed, so far no one has been able to compete with Twitter but with Threads at least it makes competition even though it will be difficult, I think we need to look at the positive side, and regarding the hype it seems that we can see that from the beginning they started switching to Threads now they are back to Twitter. |
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Choose that token from your research first because the coin of choice here will not be the same. Come on you may not get profit from my favorite coins because you need to have experience about this crypto market to buy and sell at the right time. You should buy btc with less experience because it will guarantee you for a long time and there is no chance of scam.
Don't easily believe other people's advice, it's better to believe in the results of your own research, the more experience we have, the more we will grow and know what to do, talking about Bitcoin there is no need to doubt it. |
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It's always going to be difficult to build a system where you can trade and make money easily, it is going to be a tough one without a doubt. I am not saying that it is going to be impossible, but no indicator, no steps, there is nothing that you can do in order to get a prediction that is precise all the time.
Indeed Because indeed trading crypto is something that is very difficult and complex. So it's just an imagination, especially for newbies if they think it's easy to get money from trading crypto. It's not easy to earn money but it's easier to lose money in this field hahaha That's why you really have to be really ready when you want to trade, be ready in various ways. Includes knowledge about trading, crypto, and various other knowledge as initial provisions. Then it is also required to have very good and wise emotional control so that we can anticipate various possible discomforts and emotions and panic at certain times. And various other things that affect trading, including how we analyze the market, especially in situations that change drastically. knowledge is not enough if we do not have experience. by carrying out experience, we will know exactly our weaknesses in the process of becoming a trader. and experience must be real trading, because there a psychology will be formed that many people often complain about, and blame themselves for. actually it's not stupid we can't trade well, but we have to be patient in the process, and everyone's level of mastery is different, that's what we should understand True because experience there is a process which we have to try it ourselves, the more experience then we will be more formed, sometimes many people are impatient with the process which must be passed first. |
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considering the fact that there have been quite many events coming from binance side i'd say i really favour holding BNB considering i'd get rewards just for holding it and it seemed to be good prospect for long term.
though if its just some measly amount the rewards given through staking or something like that wouldn't be that of significance honestly.
Yeah I think holding BNB it won't disappoint and long term it will be profitable, BNB is the top coin and it is a coin worth holding onto, So there's nothing to doubt about BNB. |
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it's important to note that the cryptocurrency market is highly volatile and can be subject to significant fluctuations. While some investors have experienced substantial gains, others have incurred losses. It's crucial to conduct thorough research, consider one's risk tolerance, and diversify investments to manage potential risks.
We need to look at a market that is fluctuating positively because if the market moves steadily then it will not be profitable, crypto investment is not easy and don't expect when beginners invest and immediately get profits, it is clear that there is much to be learned. |
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Trading is a high risk activity which requires a lot of know how and experience to have any chance of success in the field. This makes it the more dangerous for newbies and I don't exclude that to beginners on the forum but in trading as a fied. Your met with those that could be said to have been well experience in the field having had a lot of layers on there skin and they can use this.
Trading isn't for any individual with minimum knowledge, if any individual goes into trading without having the right information they'll lose. Many individuals have lost millions in the market because of this. Trading is more riskier than investing. Trading demand to be more active in the crypto market because as a trader you depend on news happening in the market to determine if you'll be putting in a buy order or opting out of the market. Investing requires minimum work and attention. Investing has less risk involved as if you have patience you can always profits from investing in Bitcoin. Investing in altcoins on the other hand has the same risk as trading so unless you're ready to lose it don't do that. Well, it’s clear that if you want to be more stress free and high risk free, then chose bitcoin investment over trading. What you need is just patience and emotional control so you won’t end up investing at a loss. For me, I don’t want to settle on only one when I know I have the potentials to be more profitable when I do both. That’s how optimistic I am especially with trading that will let you experience massive profits as long as you always follow the rule and basics when trading. Naturally, because trading is complicated so the stress level might be high, but that doesn't mean investing is easy because after all it has risks too, don't expect us to be risk-free when involved in investing or trading. |
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Your words are very reasonable. Owners are becoming millionaires day by day by using workers. Because Bitcoin is volatile, many feel more comfortable keeping fiat in the bank than Bitcoin.Even though bank interest rates are lower than inflation, they think it's safer to stay in the bank. But there's no saying that everyone will join Bitcoin.In today's world gold price is increasing day by day also there is no risk in gold.Maximum people are converting their money into gold.But I will choose to invest money instead of keeping money in savings account.
I wish you success in this investment. It is very good to take the initiative to invest. But no matter where you invest, all investments involve some degree of risk. I will tell you that you should have a proper understanding of the investment you decide to invest in. Investment without ideas is never successful. But now people have become more interested in investing in bitcoin than gold. Because Bitcoin offers good returns in a short period of time It must be admitted that until recently the appeal of Bitcoin was overwhelming, even though it offers good returns in a short time doesn't mean it can be easily done, because everything needs a process and needs to learn many things too. |
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I would just sell it i think it has no value for holding right now.
too much meme coin being generated I think holding shib will turns to be futile attempt of gaining profits.
as much as good shib is, the emergence of new meme coins definitely gonna affect it.
There are still many coins that are really worth holding, so think again before holding Shib because it's not impossible it will only be a waste of time, we'll see how far the shib will move. |
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Hello Everybody I bought some Coin before market Crushing, and I belive that all will recover soon, becouse all Coin is good. What is Your opinion about my Coin PBR, ATLAS, DOGE, PKR, TLM etc.
I can't say altcoin that you invest is good or bad, it's just that it's better for you to do DCA and if you get profit then you can immediately sell it, but if indeed you have done research on these altcoin and believe to invest in the long term, then you you can hold and wait for the bull run to come, because the most important thing to investing in altcoin is to do reasearch (DYOR) and not invest because of hype. Yes research is an important part before investing, indeed it is not a guarantee we will avoid the risk but at least it can minimize it, the hype won't last long so better avoid such investments. Investing based on hype is of course only for the short term because in the end it can't last long, many worthy investments that can turn a profit, Most importantly, don't forget to do your own research before investing. |
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I never even thought about owning a luxury watch as an investment. Something that has a luxury I prefer to buy for collection and not as an investment. So if it's about investing then I still have a choice in Bitcoin and Real Estate. And I only use Gold as a hedge. because Gold is not for investment but for savings that can maintain value in the long term because gold is not too affected by inflation from time to time.
Yes, everyone has their own views regarding luxury goods, whether it's for investment or collection only, maybe some people think it can make a profit by investing in luxury goods or in this case is luxury watches, to invest in real estate also requires large capital. |
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Traders also need to work hard to learn trading with good skill. People who do jobs, also need skill for that particular sector. So for both side, you need knowledge and skill. If you want trading in hope for all the time then you need to investment your time. Its also like a job! But wrong decision, get hacked or so many issue you will face in trading. Although its better to do work at home, which is better job doing job in office under boss but job shouldn’t be neglected. Besides trading is not like day trading or weekly trading. Trading is, need to give focus the pair until perfect time come for sell.
True does not mean when we become traders we can do it without the need to have knowledge and skills, being a trader certainly needs to learn and there are many things to learn so it's not that easy, besides that the risks are big and we must be prepared to face the risks of all of them. |
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Why you want to use taste wallet for staking instead of trust wallet you can use binance or kucoin if you want. If you are staking on these two crypto exchanges, your money will be more secure than you can get from trust wallets. You can keep staking different digital currencies as you wish on Binance or kucoin.
Nowadays many crypto exchanges are much safer so we don't need to hesitate to use them, safety and comfort are far more important, however it must be considered because it concerns the security of our assets. |
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Up until now I have not really thought about getting involved with XRP however have been doing more research and if they win the case feel it could really do well.
With a market cap of $21m already, how high can this really go if all goes well?
Think I may start to DCA into it and if it does win the case then who knows how high it can go, wouldn’t be surprised if it still did a 15x or more from current price.
Are you for or against XRP?
I am one of those who still support Ripple and I think there are still many investors who believe to investing in Ripple, because the market cap of Ripple is still very high and Ripple is still in the top 10 on coinmarketcap, so I'm sure if Ripple can still reach its ATH price or even when a bull run occurs, then of course it is possible for the price of Ripple to create a new ATH price. Still believing in Ripple or not depends on each person because basically they have their own views, for myself with Ripple's current condition I minimize risks and avoid them more, further clarification is needed regarding the case and we will see what the development will be like. For me XRP is still on the top coin list and it is a potential coin, but for the current conditions, many things need to be considered if you really decide to buy it, I just hope XRP can win its lawsuit against the SEC. |
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I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?
Buying bitcoin is always a great move. But putting it into an exchange within an indefinite time, that will be a very wrong move. You will never have the assurance if you will still benefit or profit from it in the end as you might wake up one day losing all your bitcoin because the exchange you trusted suddenly become insolvent and was forced to close their operation. Do not wait for the reality to hit you. Just keep your bitcoin safe by storing it in your personal and non-custodial wallet. That way, you will gain the full control of the security of your coins. With a good start it must be accompanied by a good decision, namely storing Bitcoin in a personal wallet, Losing due to careless decisions is sometimes harder to accept, before in the end regret immediately secure the Bitcoin. |
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Stocks give like 20-30% returns in an year but bitcoin and other crypto coins can give this much return in just one day. At such, do you think that increasing popularity of bitcoin has reduced interest of people in stocks.
I think in some countries, people are really shifting to crypto only and most of their investment portfolio is in the form of crypto instead of stocks. The awareness related to crypto is increasing day by day and this more people are getting included in this crowd. Stocks on the other hand become saturated, people have realized that these stocks are not as much profitable as bitcoins. Also, there are other benefits of bitcoins like it can be used for transactions. This cannot be done with stocks.
I agree with you in some countries people are shifting to crypto because most of stocks now are moving downward a couple of years now and other stocks do not move that much compare to crypto currencies. A lot of people now are more interested in investing in crypto currencies because of the possible rate of returns compare to stocks. As i can see that a lot of stocks now in the market are stagnant and the profitability rate is very low. Crypto currency is a high volatility asset but if you have invested at a low price at the right time the profitability is very high. Most people now are aiming good enough profit but of course the investors should enhance their knowledge about crypto currencies to avoid such a big losses. Cryptocurrency looks so attractive that many people are turning into crypto, this is also accompanied by the rapid development of crypto and I'm sure this development will continue, Bitcoin is also getting more and more popular and I think that is a testament to that. |
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There will be a new pump of the Dicoin coin coming soon. Sold on PancakeSwap here is the contract 0x2ca0583e47996655a2f016da0bb5dc647d9ff639 Binance smart chain network. While the offer is limited to only 1 billion coins, 450 million of them will be irrevocably burned. There is also crowdfunding liquidity for Dicoin on dodoex.io, here is the contract 0x2ca0583e47996655a2f016da0bb5dc647d9ff639. Coins will make 1000x
I personally not interested to investing in new altcoin, because it is very risky, unless the altcoin is already listed on a major exchange, therefore my advice is if you are already making a profit, so it is better for you to take profit of at least 80%, because it is better to invest in old altcoin which do have a small risk, such as Ethereum, Binance, Ripple, Matic and ADA. It's riskier indeed to invest in new altcoins but the profit will be bigger too, although it still needs further consideration before deciding that, The old altcoin as you mentioned has strong fundamentals and there is no need to doubt it for investment. well sometimes its just 1 out of 100 new coins generated that gonna gain success, just imagine investing in all of them you'd wasted 99 times of your investment and only gaining profit that 1 times, which hardly outweight the other. the thing with investing with altcoin that not even got listed in some exchange is that its pure gamble with little odds. Things like that we have to think about and consider because if not we will only waste time and waste money, this kind of thing would be very unfortunate if it happened, I would prefer investing in top coins which is no doubt than investing in new altcoins. |
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Demo trading is like trying the platform itself, familiarizing about it though you can do the actual trading but there’s no risk on that and your emotion might not be present by that time but still using a demo trading at first is a big help.
I don't think demo trading has actually helped anybody learn to trade. A couple of years back I tried forex trading with a demo account and it felt like I was learning because I was making profits, but when I started trading live, I lost all my money. I think that's part of the reason that discouraged me from foreign exchange. What I find most annoying about demo trading is how easy it is to trade and make a profit. All this is to make sure you trade on that platform. Normal to experience that situation since not all the time that what trades you do using those demo accounts will also happen when you are at real time trading using your own money. Remember that market is unpredictable so maybe that's the reason why you lose your money since you didn't expect some situation and you got caught up with it. But for me demo accounts are so useful because for this we can warm up or try anything that we can learn from before we use our money to trade since its really waste of money if we don't use this and we want to try some strategy so demo is there to save us up to know more about on trading. the sense of responsibility that was lacking on the demo account carried over to the real one. in this case a psychological feeling that is not obtained on a demo account because you feel that if you lose it is not real money. therefore we must be able to distinguish between the functions of a demo account, indeed for strategy practice, but not for trading psychology practice, which we will only get on a real account. because of that many people complain as if they are professionals on a demo account, but are always wrong on a real account It's true that the demo account is only for strategy practice and feature introduction, even for strategy practice i don't think it fully work because it will be very different when trading for real, Most importantly don't think that you can fully master trading after trading on a demo account. |
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Once bullrun will come, i'm believe hype of pepe coin will be same with shiba inu. Each potential is possible due to pepe is grow up by community and on the website pepe they said allocate coin is really for community only even developer don't have any hold this coin, that's why many people interest with this coin ad this the right time for buy after correction
You needed to be very wise and carefully do your research, though it might give you some profits if you buy in the right timing, but we know how meme coins work. If you buy in the right time you will going to earn a lot, but if you buy in the peak the chance of being stuck is what you will going to expect. Buy at your own risk as what many traders said, it's your decision making that will vary in taking your chances. Besides, it's better to buy meme coins in small quantities, don't really hope that meme coins can provide big profits because the big risks also need to be considered, The most important thing is to do your research before buying. |
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