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One exchange is good if that will satisfy all your needs, however if you are putting your coins a little longer in a certain exchange
it's better to diversify it to other exchanges, we must still not be confident it will not be stolen as exchanges are vulnerable to hacking.
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Trading is not so easy. Day trading is more harder. After starting trading you must need to know the basic rules of trading and must know about crypto market. In day trading you must see the cryoto market all the time. So you need more patience to do day trading. So I think it is tough. For this reason so many trader don't like day trading.
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I'm relaxing calm down patience and waiting again to bounce back the price even if how is long time i will wait to back again in the same price.
Nervious and panicking if the price are falling dump are not healthy to us as a traders because if you don't want to losse more in your investment don't make yourself paranoid because of nervous then sell the coins in the very lowest price.
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Trading is not so easy. Day trading is more harder. After starting trading you must need to know the basic rules of trading and must know about crypto market. In day trading you must see the cryoto market all the time. So you need more patience to do day trading. So I think it is tough. For this reason so many trader don't like day trading.
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You need to work hard and work smart. Those two techniques is required for you to increase your btc. By joining in different campaigns is also a source for you to increase your btc and especially by trading.
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This isnt an easy solution for the problem, because at trading is where anybody can make easy money with some risk, sure a lot people had lost more then won, sound like gamble, trading is plenty of opportunities as well risks, there is no way to predict and with bitcoin ride a lot people are burning money at the moment, expecting a possible reajust and recover from altcoins once the forks ends.
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learn how to trade carefully, avoid cut loss if the market is down. I'm a swing trader sometimes i spot a coin that i trade. being trader you need to risk your emotion coz if your emotional you'll get rekt.
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My trading has been very rewarding for me,but at start I was only doing position trading and now as I acquired a lot of knowledge from market experience and some mentors I am slowly profiting from day-trading and margin trading as well,but I really lack time due to my studying program..
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It is difficult but it is not different. And for this controlling I think you must be kicked with loss earlier. That will help you to make a better decision at that hard time when you are just fluctuating between two decisions. There are some people who can control themselves because your money is on stake. You must be controlling this thing else a heavy loss will be there to welcome you.
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The best trading strategy i think is to buy at low prices and resell at high prices for earn profit, it can be short or long term, depending on market price developments, no problem having to hold the coins in the long term if the coin price down as long as it still gain some profit
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I will suggest to you to increase your knowledge first and once you will be having sufficient knowledge, only then you should jump into trading. Otherwise, you will end up losing money. As far as I know trading is a lot of hard work since you need to spend more time in front of your personal computer to monitor. And of course before you let yourself in into trading you should be skilled enough
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I don't think of this as wise. Whenever money is involved in a certain process or situation, then never would I consider such thing as a joke, for the very reason that whatever I put on a trade is something that I have worked for, and would be more helpful if taken seriously. So, for those who just do it as fun and a game, then I think they need to re-evaluate themselves.
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Patience and holding is one of the best thing to do here in bitcoin, why,? Because if we have a long patience i am sure that we can make or earn many money in the future, and i believe that holding our coins can make us rich in the future maybe holding our coins for long time just like 1 year can make us rich.
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Both are profitable. I do a lot of trading, but sometimes it seems as though it would be just as good to buy and hold. If the price goes up and you sell to buy back later, sometimes the price just keeps going up and you miss out on those gains. if you know how to manage your investment then you can gain much profits.
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Trading is risky only when you don’t have sufficient market knowledge and also you lack of knowledge regarding different coins. Traders not only know about the coins they are dealing with but also are aware of the other potential coins in the market. Moreover you need to know how to read graphs and predict values of coins according to it. Otherwise you are not going to make good money in trading.
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After observation in a long time, I realized that Bitcoin is more suitable for the long-term investment instead of daily trading. Because its price always have growth trend and it only reduces when there is some special news. Therefore, if you can catch the news right time, you will panic sell easily.
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In my opinion. nobody has been able to predict the rise in coin prices. Unless it is done by the Pump and Dump community. That was the predicted price lasted only a few minutes. after that the price will come back down.
However, if you want to know the price change from Altcoin. You simply monitor the price of Bitcoin. Because in general the price of Altcoin will drop when the price of the bitcoin rises. and after the bitcoin price stabilizes, altcoin prices begin to rise one by one.
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Buying now can be risky as its already ATH price so its good to sell some of it especially if you are making good profits from it and its good not to get too greedy so you should sell and collect the profits and you can always buy it at a dip which is highly possible in coming days when people will start dumping their coins.
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When I started investing money on bitcoin I promised myself every week I would buy bitcoin whatever happens. But when I made a good profit I sold and I started to wait for dumping. But I couldnt buy. Then I bought again and made profit. But If I would keep buying every week I would earn at least 2x more. So in my opinion holding is the best and buying regularly.
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