|
From my experience so far,memecoins are not really a great way of investing because memecoins don't always have the fundamental capacity to succeed. Unlike the great successful crytocurrency project that have real life use cases and utility. For example like ripple,bnb,decentraland and other successful project like that.
|
|
|
|
|
#PROOF OF REGISTRATION
Forum Username: firmino10
Forum Profile Link:https://bitcointalk.org/index.php?action=profile;u=2141623
Telegram Username: @paullious
Participated Campaigns: signature
BEP-20 Wallet Address: 0x404D164F251418423B5362cA1befD31B0846Afa1
|
|
|
|
|
I personally before Trading Forex to trading crypto because forex is more applicable to my trading strategy and it is easier for me to have an edge while trading Forex. Unlike crypto that does not really work well with my strategy and is very volatile.
|
|
|
|
|
I actually prefer trading to investing because I started out as a forex Trader so I know how to handle my emotions properly. And I don't really know how to pick good projects to invest and old but I sure know how to analyse the market and take trades based on my analysis so I will pick trading over investing always
|
|
|
|
|
At this point in the market I will just sit on my hand and watch because it is hard for me to predict the market presently as Bitcoin is in an accumulation phase. We can't really predict weather it will break to the bullish side or bearish side. So it is better to stay on the sidelines and wait for an expansion before engaging the market.
|
|
|
|
|
As a trader you should always continue to develop yourself and your strategy. But your point is dependent on the kind of strategy that you are referring to. Indicators stop working because they are only based on mathematical equation but price action is constant and will always apply to any market.
|
|
|
|
|
New traders always try to eliminate losses and see losses as something bad. My breakthrough in trading came when I started seeing losses as expenses (business expenses). Trading is a business and you should see it that way.
When I follow my strategy and I lose, I see it a the price I have to pay to get it right, because there is no 100% strategy and since I don't know which trade would be a winner or loser, I detach myself from every trade and execute my strategy flawlessly regardly of the outcome.
|
|
|
|
|
Crypto is not trading differently from the foreign exchange market because although crude oil is less volatile unlike the forex market all that matters is price action both crypto forex stocks bonds it is they all follow price action the chat will always give sign before a bullish breakout that is a bullish move or embarrass move so price action is all that matters its effect all markets.
|
|
|
|
|
The major reason why newbies lose a lot of money in the market is due to lack of patience most newbies are not willing to submit to time to learn the skill sets that will give them an edge in the market. They just feel they can manipulate their way or learn a few strategy and start printing money. You have to submit to time and acquire the skill sets before you can even think of making a dollar from the market.
|
|
|
|
|
Bitcointalk Username: Firmino10
Current post count: 282
Merit earned in last 120 days:
Your SFUSD deposit address [You can get it from the SmartFi portal]: SaJfzQq6X5Lpcvb7E2ZsdsmBpGp7ozi46A
|
|
|
|
|
The phrase buy the dip is only a good advice when you apply it properly by buying the very good altcoins whose value is only down because of the bearish market condition. Because it is not all coins that dip that would recover their value.
For example, early this year (when the market was super bullish) almost all the projects released saw good increase in their value. but that doesn't mean it is all of them that were very good projects. After the market dip (correction), most of them never recovered their value. The crypto market is filled with a lot of scrap altcoins and the market way of sheding them off is to dip (correction). So it would be in your best interest to only buy very good coins in the market dip.
|
|
|
|
|
Bitcointalk Username: Firmino10
Current post count: 300
Merit earned in last 120 days: 0
ETH wallet [Must be the same which you used at the standard website.]: 0xa073e14567385E0E3e396FC324D71b7E507bdbeF
|
|
|
|
|
What made you lose all this money was because you don't know when to get out and take your profit. You should always have a profit target in mind while investing and when price gets there removing bigger part of your money, by doing so you won't regret when the market goes down
|
|
|
|
|
generally, I don't trust centralized exchanges (because they are not very secured) and prefer to use decentralized exchanges. But the major issue i have is that most of these decentralized exchanges don't have much volume and liquidity like the centralized ones.
|
|
|
|
|
Although there could be numerous reasons for the recent dump of the crypto market, but I think the major reason for this is because of the recent ban that china placed on all cryptocurrencies, along side the tweet by Elon musk that Tesla will stop accepting bitcoin payment.
|
|
|
|
|
Don't get it wrong, stable coins are not threats to the financial system (they are digital fiat currency), so the government are not really worried about it. The main threat to the government is bitcoin and other cryptocurrencies, because they have not control over it.
|
|
|
|
|
As far as i am concerned, uniswap is still the best decentralized exchange (DEX) in the cryptocurrency space. I have invested in it since last year and got a lot of money as returns. But I do not think it is a good idea to buy the coin now, because the price is already expensive and you might not be able to get good ROI from it.
|
|
|
|
|
Show Posts
