Before trading know this about cryptocurrency

[Wakate]

Cryptocurrency is one of the assets that most of us trade in here and this is influenced mostly by our involvement with this forum and the know we habe gained from each other within our tine here in Bitcointalk and on this board, this have amount to our weslth of knowledge about the cryptocurrency market and for that i will like to give your my simple advice.

Trading cryptocurrency is like gambling most especially on the derivative future market, and spot market may how minimal risks but with low quick returns.

For that, just prepare for the worst that no matter your knowledge or skills of the cryptocurrency market just know that because of the volatile unpredictability of most assets like bitcoin, you can not predict whatever direction your assets will go, so be prepared for whatever happens.

I don't expect someone that don't know about the crypto market to go learn about trading because this alone can make a trader keep incuring loses as a result of lack of full understanding about the crypto market. There are so many traders in the market that are not fully aware about the necessity of understanding cryptocurrency before learning how to trade or while learning.

The market is different from other financial markets like forex and sick market where technical and fundamental analysis are very useful to make money from the market. In crypto market, what you need to understand more is the fundamental because if you miss this, you could lose fortunes in the market even after carrying out tedious market analysis.

[Chilwell]

If you decide to trade, just prepare yourself for future inevitable losses. No matter how knowledgeable or skillful you are in crypto trading, one cannot guarantee profitability at all times, so never expect constant profits especially that you are trading in such an unpredictable and volatile market.

Trading is like gambling, the only difference is that you can maximize your profits over your losses, but you cannot stop yourself from not committing losses at times.

May be that's from your perspective, but as for me I don't think they are the same. They are absolutely two different things. They have both differences and similarities. But that doesn't make them the same thing. I don't really understand why people are comparing the two because they both in a different Direction, in gambling you lose everything and it doesn't require patient to gain back what you have lost, and again your money goes immediately when you stack it go faster than trading and at that point you cannot stop it or control it, immediately you set your target you have to wait till it finish while as for trading you have control over your asset at least you will have your coin remaining in your wallet, it's only the value that left but with patience you'll have your coin bounce back that's why I don't consider trading as gamble because in gamble you lose everything.

[Adams0001]

For that, just prepare for the worst that no matter your knowledge or skills of the cryptocurrency market just know that because of the volatile unpredictability of most assets like bitcoin, you can not predict whatever direction your assets will go, so be prepared for whatever happens.

Yes having skills is good but predictive movement on the market is also hard. We never know when it will so bullish so not to be left out or knowing a good entrance for the market. We should always seeks caution to any potential crash and prepared for worse.

This is the biggest challenge trading in a volatile market. Everything is unpredictable, so if you come to trade without caution, you will definitely lose, but if you have smart attacks despite of the market’s volatile nature,  you will gain an edge which would create bigger earning opportunities.

Despite of some losses, at least we learn to maximize our profit potentials. And that’s what makes a good trader still attached to trading in the market.

Trading is always unpredictable, and that is why you need to understand everything about it and get more experience before starting it. Trading is risky and you can not get profit easily you need to always put on your mind that is 50/50 you lose or probably you gain. The market is very hard to predict and that is why if you have not get full knowledge about crypto, you should not try to start trading because you will always lose because Trading is not like investment, that you can get profit anytime the market are good, and he can increase anytime if you can invest for long term. Trading if you didn't get the experience you will always be in lost. Gambling is a lucky game and Trading you need to get the Knowledge and experience before you can be successful on it. So Gambling is always similar to Trading but you need to get the idea before you can achieve your goal. And we need to get source of income before you engage on it.

[Suman1]

Before you trade, make sure you understand the risks and tools available. Additionally, when you're well acquainted with crypto trading and skilled at absorbing market volatility, then only jump on it. Start smart trading with advanced platforms like Bitget, Bybit, OKX etc. They're indeed a secure, beginner-friendly platform that offers advanced features, copy trading, and risk control options.

[leonair]

Cryptocurrency is one of the assets that most of us trade in here and this is influenced mostly by our involvement with this forum and the know we habe gained from each other within our tine here in Bitcointalk and on this board, this have amount to our weslth of knowledge about the cryptocurrency market and for that i will like to give your my simple advice.

Trading cryptocurrency is like gambling most especially on the derivative future market, and spot market may how minimal risks but with low quick returns.

For that, just prepare for the worst that no matter your knowledge or skills of the cryptocurrency market just know that because of the volatile unpredictability of most assets like bitcoin, you can not predict whatever direction your assets will go, so be prepared for whatever happens.

Yes, I agree with your statement that trading behaves like gambling in many cases. Those who do short-term trading quickly sell any coin they buy, whether it is in profit or loss. Due to which their capital gradually decreases. Most of those who do futures trading are unsuccessful. Because they are greedy like gamblers and always like to trade with high leverage. And because of this, they repeatedly hit the liquidation price. I think futures trading is completely gambling. A little wrong decision here makes the entire trading capital zero. So of course a trader should know these things before starting trading.