The amount of money for trading should be according to how much that you can afford to loss. crypto trading is very risky because this activity possible to make loss more than 50% even 90% , and the amount should be not more than 10% of your total money.
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Volume and market cap of Bitcoin little bit growing because BTC dominance on the crypto market, this is because many trader was sell altcoin for Bitcoin. But there are not new money yet come in to the market, and crypto market has been loss 600 billion since december last year.
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Crypto has high volatilitas and the price can be going up 10 times just in amonth and going down again to bottom price, so i personal prefer to keep all crypto on the exchanges , and to minimize risk i devide all crypto in to 5 different exchanges. This way to make more money and avoid big risk from high fluctuacion.
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Yes really surprised me, the price of ETH just a few days going down 50% from $500 to $250. This is beyond my prediction and i was predict the support level for ETH is around $400. Anything can be happen in crypto so never forget to use stop loss in trading. But ETH has great future and the price will be back going up later to $1200 again.
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By to see situation of the crypto market in the pass one thing that i will never do it again, that is greedy . Greedy was bring me too big loss and i wil never do that again later. I will make investment strategy to make better profit, never FOMO and never panic sell in loss, in the market there are will be always oversold and overbought.
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Founder of ETH have plan to solve scalability by use sharding and plasma, and also will turn mining reward from Proof of Work to Proof of Stake, and this mean ETH is not sleep but continuously to make their blockchain become much better. So Ethereum still become the most popular altcoin and has potential to grow again.
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Never FOMO and greedy, never panic sell because there are always deep and bounce back. We have to learn price action of crypto to know when the price will be oversold and when will be overbought. Psychology of trading is biggest impact to make maximum profit so we have to manage our emotion.
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Maybe the meaning is how to become professional trader who can make profit in consistently, And how to start to make our self become expert that possible to predict better trend of market.
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For technical analysis you not need to learn alot of thing about it, just enough a little bit like how to understanding price pattern and candlestick pattern. And other most important thing to learn is psychology of trading, how to make our self always trading follow the trading plan and how to avoid greedy and not patient. Because actually many trader loss much money in trading cause has bad psychology.
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The most popular crypto forum is this Bitcointalk , but out there also others forum like moonforum, bitcoingarden etc. At the moment i use only Bitcointalk because i dont have more times to join others. Crypto forum is great way to share alot of thing about crypto and this forum give advantages to the newbies as well to increase their knowledge about crypto.
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Will be more easy to earn profit from crypto trading on bullish trend and in this current situation look like bullish market will coming and bearish is over. To earn $500 to $1000 monthly only possible in up trend and in down trend to make that profit we should trade in other platform that give profit from open short potition. In my opinion good exchange to trade is exchanges that has full feature like stop limit function for stop loss, these exchange are Binance and HitBTC. Both exchanges has low trading fee as well.
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I make prediction according to historical price of Bitcoin and others altcoin, and from my prediction the crypto market will be back for bull run around in 4 month. Hopefully this my prediction can be reality and i can recover my loss and make good profit. Iam optimis the bull market will coming before 2019.
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Actually is hard to predict the top price of crypto when in the bull market, so if any sign the market will be bull run is better to use stop limit order as trailling stop so whenever the price keep going up we can trailling the stop to lock the profit. Last year many crypto going up to 7 to 10 times just in amonth so this target profit is good when any sign of bull market.
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Bull market is the price going up in several month, like last year from january to december the price of BTC keep going up. Bull market will changed to bearish when the price overbought because many trader become seller. I hope end of this year bull run will start again so everyone can make good money.
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To make more demand in crypto we should promote the advantages of cryptocurrency and blockchain technology. And for crypto trading we should know the risk and then we can make strategy how to minimize the risk. In trading is important to have also target profit and use stop loss to avoid big loss from high fluactuacion of crypto.
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Usually fake crypto is use MLM marketing to sell their coin, like Onecoin and Bitconnect. This crypto just use ponzi shceme and fraud. Real crypto is has Proof of stake or Proof of work mining reward and less premine.
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Bitcoin still has stronger fundamental because the community is bigger and this coin also possible to process amillion transaction per second when use lighting network. Bitcoin is not sleep but keep to become better crypto, and also we can see now demand of BTC is very strong, we can see this from BTC dominance more than 50% in crypto market.
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Between Trader and gambler is very different, trader has trading plan and management of risk and money but gambler does not have it. Gambler possible to make profit 100% aday but in others day they will loss more than that, but trader can make profit by consistent in monthly because they can reduce the risk and avoided big loss.
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Since crypto has high fluctuacion longterm investment is not really good option, because we can see price of crypto pump and dump hard. To get profit from crypto is better to trade it by swing trading and we have to predict better when best times to put money in to crypto and when best times to exit. Last year is season for bullish trend but for this year is bearish season, so we have to understanding more about price action of crypto to know best times to buy and to sell crypto and to get maximum profit.
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ETH just going down to low price $250 and can be this level price become bottomed. Buy altcoins now is less risk because many altcoin going down to more than 80% and has chance to going up more. But everybody can not predict the situation of crypto, so you have to make risk management first to minimize every risk when buy any crypto.
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