I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.
You need to know enough to set up a cryptocurrency platform. You can never trade if you do not have enough knowledge about cryptocurrency.When you are trading, you have to analyze the coins that you will buy and the coins will recharge well. There is no end to knowing.Cryptocurrency.If you can work hard, you can definitely work on the platform and eat. What you should know is that trading in cryptocurrencies is not that easy, that's why knowledge is very important because if we don't have it, it is very likely that we will easily lose money, besides that as you said above analyzing and of course also doing research on coins is also important |
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Everyone definitely chooses Bitcoin for long-term investment and it is very suitable if done. Apart from the coins you mentioned, I am more interested in Polkadot and Uniswap coins. It would be great if there was Ethereum and BNB in the asset list for long term investments.
There is no doubt that top coins like Bitcoin, Ethereum and BNB I think are good for long term investment, regarding long-term investment is certainly not something that is easy to do because it requires patience, The most important thing is that before investing, we don't just follow what other people say, we have to analyze and do our own research |
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This trading questions posts can give you much information about trading because there are many top traders too who are their to talk about their personnel experience and most of the people are getting benefits through this, I hope you have also do the same. If you are a beginner then just start with a small amount and experienced yourself first by learning and gaining knowledge about trading from your personnel experience.
I agree when beginners try to start trading of course it should start small first, because I believe when we are beginners our chances of failure are greater, so with the failures that have been experienced, we can learn them so that later we can really understand them and not repeat the same mistakes |
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No one can give you a definitive answer about if USDT safe or not. If anyone is so confident about their answer, they're a fool and you shouldn't trust it. USDT or Tether or any stablecoin out there always has a risk. You shouldn't put everything you have into USDT bag, split it and spread it out to other cryptocurrencies or other stablecoin.
Basically for me personally every coin must have its own level of risk, talking about stable coins like USDT and BUSD so far it's safe and maybe the risk is still low, It's also a good way to share it in other coins not on one coin and I think it can minimize the risk |
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After 1 year of Covid 19 Virus The government began to introduce the term new normal or living in a new normal at the end of May 2020. However, this definition actually means that conditions have returned to normal. The transition to a new normal was also marked by an easing of community activities. Even the passenger capacity in all modes of tAfter 1 year of Covid 19 Virus The government began to introduce the term new normal or living in a new normal at the end of May 2020. However, this definition actually means that conditions have returned to normal.
Since the implementation of the new normal policy by the government, some people have ignored the health protocols that have been regulated. Of course this makes the transmission of Covid 19 even higher. and so far in my country the cases of Covid 19 are getting higher and the government needs to make the best possible policies to suppress this transmission |
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I always prefer holding instead of day trading because there's an assurance to generate sustainable profit in long periods of time. Sometimes, day trading would tend to disappoint us when we lose during fluctuations. It's not good for those who had no proper experience in trading, so to make it safe to trade, lets make holding as good alternative.
Indeed, for daily trading I think it is much more risky and for beginners of course need to learn if you want to do day trading, talk about day trading and holding for me it can make all profit, so it all depends on which one we prefer and for the long term of course holding is the right choice |
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if i am looking at bitcoin dominance and altcoin price, it will drop once again before continue bullish running in next quarter. altcoin and bitcoin have strong rellation in price, and holding altcoin need our patience due altcoin movement sometimes contradictive wit bitcoin price. we often to see , altcoin drop meanwhile at that moment bitcoin price soar.
Maybe what you say is true and so it looks like before the end of the year there will be bullish, however we can not predict just like that we also have to monitor market movements, the fact is that not all altcoins follow bitcoin because sometimes we see when bitcoin goes down some altcoins actually go up and vice versa it seems |
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What we see the most for people buying these coins is how profitable it will be. Honestly, things like this will always end badly, in the crypto space there are not many coins that are considered successful in this field, I personally don't take memecoins very seriously. However, the returns from them are very good, but it also comes with risks.
Talking about risk, coin memes for me personally are more risky if we compare them with altcoins, so before investing in coin memes better consider carefully, and honestly i don't recommend investing in coin memes and prefer to choose the top altcoins i think it's much safer |
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You can take risk with your life, you can take risk with your computer. But nobody would tell you to take risk with them, but they all tell you to take money risk because why? Because MONEY is the riskiest of all risk!! They tell you to take the riskiest gambling with your life. After you take MONEY risk, you are gambling with your life and death, you loss the money the future await you is hell and death! Never go full retard!! You can take any risk but never take risk with your MONEY!! Fuck all the people who tell you to take money risk.  Basically, we live in this world that is full of risks without risk, people will not know the extent of their ability Successful entrepreneurs and great people today have a past full of risk and courage if you don't dare to take the risk with your money then you will never be a successful person I believe risk is like a double-edged sword depending on how we deal with the risk, with us daring to take risks of course it is a good thing as long as we make the decision with full consideration, Obviously, it all depends on each other's decisions |
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My trading concept is simple and I don't dare to play like people in general. I only buy low then sell high and some of my assets are invested in good coins for the long term. Because I realize I'm still in the learning and analyzing stage, what's more, I don't have enough time to look at the market all the time. I think the strategy you use is right if you see that you don't have enough time to look at the market all the time, indeed in monitoring market movements we must have a lot of time because otherwise it is not impossible that we can lose the moment, What is clear is that the strategy of each trader is different depending on the conditions and goals to be achieved |
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It depends on altcoin you want to invest in. If you invest in a coin like ethereum, Cardano, and other worthy altcoin that have proved themselves over and over again, you are safe with such altcoin. But if you buy experimental altcoin with no track record, you may be buying into someone wishful thinking!
especially when we invest in new projects, of course this is like gambling. there are indeed some good altcoins as you have mentioned. with a high level of trust and a large community, the top altcoins will always grow, so we don't have to worry about holding them in the long term. but other altcoins maybe we can also get a lot of profit when there is a pump, and we have to sell it right away That's why I think it's important to do research before investing, especially when investing in new projects. by doing research at least we can get information that we didn't know before and of course it will help, That's right, holding on to the top altcoins long term is the right choice and the risk is not too big |
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I think it is always the right time to buy as long as the market is in bearish state because it is a good chance to have a good profit in the future when the market goes to bullish soon. If only all the people unite as one when the market is low so that it could be pump fast in my opinion.
Indeed, during bear market conditions, this is certainly our opportunity to buy potential coins, We need to take advantage of opportunities like this as best we can because when it's bullish at least we can get a profit, but again everyone has their own decisions and strategies |
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I think the instinct would probably be the answer to your question because you really don't know if bitcoin is ever going to go up much more so you sell at a point. Also, another reason would probably be the need, if you really need the money and you have no other way to make money, then you have to sell it.
Necessity knows no low . When need comes to my door , then I can't wait for market pumping. But a important thing that cryptocurrencies market always risky and unstable in nature, no one can get any information before pumped and dumping. So we all bound by uncertain cryptocurrencies market. It's true that we should know that the cryptocurrency market is completely different from other markets, what makes the difference is that the crypto market is very volatile, so of course this makes cryptocurrencies very risky, so indeed we must always monitor market movements so we know when to sell and buy |
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But how could an investor knows if the coin will make them profiting or losing ? so it is wrong to say that people don't care if the coin is too expensive or not because it is their money that in risk here.
and if mine? lol i will care so much for my funds.
Like you say it's stupid to use your money to bet on something they don't understand, people often think that making a profit in this market is simple, but in reality it's not. Yes it is very difficult to make a profit in the market if the crypto market is not stable and there is no good knowledge about the market. Therefore in order to reduce the loss one has to analyze the market and then invest this will increase your intelligence and make it easier to do market analysis. Yes, with us analyzing the market at least it will help us in making the next decision, because we know for ourselves that the highly volatile cryptocurrency market conditions make it risky |
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Based on my little experience in the currency market four years ago, then I was still in the university then trying to make pocket money from little of my trading ideas. You know buying a particular currency pairs at the bottom while selling at the top with few of my trading strategies like the Bollinger bands, RSI and and the moving averages.
I decided to invest in Bitcoin with the help of my new friends who are into Bitcoin trading and investments. Although at that time I didn't have substantial knowledge on how bitcoin works so, I decided to invest all my hard earn money to the extent I sold my most precious treasure which is my classical Guitar that I always use for my musical classes. Then my dream was to keep my Bitcoin for at least 1 years for it to appreciate more before selling it so I could be as rich compared to my local government chair lol. My dream!
I was working then so I decided to apply for mini jobs so as to get extra money to buy more bitcoins cause I wasn't getting enough from my currency trading. I was able to acquire 2.25 Bitcoin worth $18,000. As at 2017 one bitcoin worth about $8,000. Then the only popular crypto wallet in my region was Blockchain, so i was using it to store my Bitcoin. After a while I venture into Bitcoin investments. Never new they're all Ponzi scheme...I lost half of my Bitcoin to Ponzi scheme cos I was a novice to the cryto world.
I almost go mad when I realized that my dream of become a big boy is almost shattered. I was pain in which I couldn't think straight losing more than $9,000 worth of bitcoin. I lost focus, I couldn't continue my musical training cause my classical guitar, my enthusiasm is almost gone. I decided to dump everything about crypto currency giving it a break. I also deleted my Blockchain wallet from my phone.
Last year during the early stage of convid 19, I could remember that I had bitcoin somewhere so, I went in search of it. I reinstalled my Blockchain wallet but I couldn't logged in cos it's was asking me of my private keys. I've searched every corners, books, dairies but still couldn't find my private keys.
At least I should have not less than 1.1 bitcoin in my wallet which could worth more than $70,000. Converting this money to my country currency makes me a millionaire.
This is how my dream of becoming a millionaire was shattered by my ignorance...pls is their a narrow escape to my misfutune?
I have worst experience, i have 30 bitcoin in my wallet in 2014. Start trading with 5 bitcoin. But in 2016 i sold half of my btc and another half is scamed by cryptsi ( this is why i never left my btc on centralised exchange ever again ). Second chance was 2020 of march when btc down to $3k. I am too busy for my real world job so i bought in btc again when it $20k. 😅😅. Now i will just hodl it. Go zero or rich i dont care... actually for now you still have a profit even though the price of bitcoin fell sharply. but I applaud your stance which is adamant to keep holding bitcoins until your goal of becoming rich is achieved. exemplary is that you buy assets with cold money, so it will help psychology to stay focused on the goal Seeing the current market that is trending down for me, I think holding on to it is the right decision, indeed everyone has their own reference to the decisions made, for me bitcoin is a long term asset so better to hold on to it |
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The best time to buy Bitcoin or other cryptocurrencies is still a big secret for new traders or investors, and according to research conducted by investment or trading experts and the best time to buy bitcoin never appears in official documentation because the crypto asset sector has price dynamics and fluctuations.
and the current general strategy is to buy dips slowly or collect coins that you think are potentially profitable when prices are low and resell when they hit your target.
fluctuations in cryptocurrency do make it difficult for us to predict the market, we have to really monitor it and it's not easy I think, It's true that you could say it's a common strategy that many traders and investors use |
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ethereum has not yet reached $6k the market has deteriorated and all altcoins are crashing at an alarming price precisely the market is currently in such a slump that it is very difficult for ethereum to reach $6k price to reach the highest level it needs a passionate market not good to achieve it I'm not too sure if ethereum in the near future the price could reach that far because the bears market is likely to be near the market is already in a negative state.
We need to be realistic if looking at the current market conditions, it is certainly very difficult to see ethereum reach a price of $6k, i don't think i will achieve that in the near future, who clearly hopes that the market can recover soon so that later it will be followed by an increase in coins |
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