TIPS TO BE A SUCCESSFUL CRYPTOCURRENCY TRADER

[Nasty23]

Its always a bad idea to invest all your money in a single coin or token and sit back relaxed thinking it will moon someday,its just putting all eggs in one basket and that's a huge risk,diversity brings huge hope of succeeding in crypto

It is not that bad as far as you choose the right coin, I can even say sometimes we need to take the risk to put our eggs in one basket only. Sometimes putting in more baskets give you nothing as well because all our investment may give losses. Its all about preferences obviously, spend our money wisely and use the amount that we can afford to lose only on any type of investment.

I agree with you that it wasn't bad as long as you choose a right coin because it can be possibly reached your desired outcome in the future due to its good project that supported by the huge community that's why it is better for us to do a research first before entering any type of investment in the market so that we can have a chance to minimize the risk and also give us a strong vision to hold it  even in its down trend in the market because we know its huge potential that would give us a huge profit in the future.

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[alroys]

Actually it's easy to talk about how to become a reliable Cryptocurrency trader, but in theory it is. We don't need to reap high profits, and enough when the price goes up thirty to fifty percent we sell our coins and we wait for the price to go down then buy it again. And the most important thing is that we can continue to monitor the price of coins, so we can get greater profits. I personally also prefer to trade daily rather than trading long-term. Unless I find a really good potential coin.

[martina14]

You need to have a good knowledge about cryptocurrency and not just about bitcoin.
Buy the dip and stay strong waiting, go with all the news and not just believe on them but make a research.
If you are a trader you will know that bear season is the best time to get more.

[Shohanur]

There are some basic knowledge to be a successful trader. A trader should research about crypto currency regularly. In trading, we should trade for 4-6% daily. Wait for dip and sell it with high price.

[gabmen]

Well those are really helpful tips and are essential especially for newbie traders. But i think the key to be able to feel it for yourself. Make your research and then apply it. Practice with little amounts. Don't br afraid of losses because it's certain that you will have losses at the start. Take everything in and learn from them. It's important to understand that it's normal and it's ok  to make mistakes.

[Danslip]

Really helpful tips for new traders and there is  lot of things to learn on ahead. Pro traders know the hidden secrets and they have all required skills to determine the successful gems. Crypto trading is tough than trading forex,commodities,stocks shares and every market has its own advantages and disadvantages. Trading without emotions is job of experienced trader who can handle big drowpdowns and stop losses. I am sure there are more successful traders than we see in our lifes and there is room for everyone in financial markets.

[harapan]

that's right, investing everything in one coin is just suicide. experience in the past made me traumatized by this. I prefer to invest my money into several assets.

[Crypto24hrs]

To be successful in every business you must have to acquire the needed experience to do the trading, little wonder they say "experience is the best teacher in life" and the best way to acquire the experience is through daily trading of buying and selling as soon as the price appreciates.

[muhtesem]

There's an explanation here. If you get a product at a reasonable price you win. This is what should be done in the market. When the price is lowest you need to buy. some people are buying pump coins because of fomo. then they cry a lot..

[bitcoin31]

Tips is only a tips and depends to the new trader if they follow it or not but ae hope for their own sake too they will follow us who are successful in the fields of the trading because we can know what is chabce to happen and we have a lot of knowledge and experienced about that. I hope every successful trader can gives tips for the new trader to success too.

[jcmansah7]

hahaha...you may be a newbie but you sure do have some level of experience in this game. It is always best to spread out your wings but if you are also confident about a project then i suggest you go all in because sometimes that could also be your breakthrough to some lambos. I have bet most of my funds on the Vivid App project and i hope it pays me well someday.

[Eildosa]

I once regretted that I did not use these simple trading rules. Therefore, I can say by my example that this is not an empty sound. It is really very important to follow these rules. Therefore, it is better to understand it at once, and not when you make some mistake and pay for it.

[CryptoToxicAvenger]

The most important thing that you need to understand any beginner, is that any business should start with a strategy. You should plan all your actions and try to anticipate all possible failures and identify ways to solve them.

[ken_kam]

Yes, I agree with what you say. I was researching about some arbitrary software that may take those issues into account. I found several platforms, but there was one of more confidence and I started investing there. I achieved 3% daily of my initial investment. that's why I believe that in such a volatile market of cryptocurrencies, the precision of technology can help us obtain better results than our capacity can achieve. It was impossible that with so many technological advances, there is not one that has this assistance, even for beginners. this helps them to make minor mistakes and money losses.

[Moiyah]

a year of waiting for a one time 300%(3x) is the worse than 300 days of daily 1% = more than 300%(3x)
hours of waiting for a one time 1% of $10k is the worse than hours of 10 $1k = more than 1%

this is the basic rule of "dont put all of your eggs into one basket"

Indeed a good advice. Being impulsive will not be a helpful at all. Never risk high amount with high probability loss.
Thus, setting goals even in a small profits with daily wins can be profitable than to wait for big profits in a long span of time.

[Wildwest]

by the way thanks for the tips. But recognizing deeper to trade is the main tips, markets that always fluctuate make us have to continue to analyze which coins are potential every day

[CoinChili]

I always choose altcoins that are worth to day trade and worth for a long trades. You were right that some of the altcoins lose their value after holding it for so long tjst is why i do prefer some of them to do a day trades. Sometimes, being a succeasful crypto trader depends on our own strategies. Thanks for the tips, anyway.

[akram143]

To be a gainful crypto merchant, don't pursue the pinnacle of the development. Make do with little profits which will, in the end, grow into larger one. Sitting tight for a larger profits may blowback on you and your coin lose big. While you are left with nothing.

Note that most altcoins lose their incentive after some time when you choose to hold them for long. Pick the altcoins you will hold cautiously since coins with a higher day by day exchanging volume have a superior position.

Invest in battalion of coins, I.e don't put all your eggs in one basket,
Distribute your risks across a broad portfolio. If one is not doing fine, the other will sure do well, do not be tempted to investing all your money in just one coin because it is currently doing well.

Lastly, one needs to be wary of chatting groups who promotes FOMO AND PUMP.

I think the continuity is important here to trade continuously and make your experience more is here when you do every time frequently with a proper guidance will always makes you to get better about preparing yourself to a better person in trading field.

[jony35490]

what you put down here is correct. Most times people invest in only one coin especially when they are being pumped and end up loosing money. best way is buyng coins when they are very cheap and making sure you buy different coins. dont wait for price to pump very high.

Absolutely I agree you. We need to choose multiple coins for investment. Cause if we invest our whole capital in one single coin then we may face big losses.       

[playboy654]

My first opinion for everyone is don't confuse Your Mind by seeing all the tips and tricks because everything is like keeping yourself good with a confident otherwise your own experience always helpful for you to get the better result for your intelligence and work.