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Author Topic: Finally, i find way into crypto trading  (Read 828 times)
letyouearn
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January 31, 2020, 09:51:06 PM
 #41

Don't really like the idea of such trading but it's better than trying to daytrade using technical analysis anyway. I prefer using crypto as long-term investing instrument, storing money in bitcoin and top altcoins.

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January 31, 2020, 11:49:26 PM
 #42

~
So far what I've learned is there is no risk of losing your money here, you can be stuck with USDT for a while but we know that bitcoin is volatile, the time will come again, forget other platforms and use crypto trading exchanges like binance, kucoin, huobi... Thank you
It is better like that, learning by doing, congratulations because you can find a path that suits your wishes. After this you will discover even more new things, especially if you are trapped in falling prices, you will learn a lot about patience and train your mentality to become stronger, a tough choice to hold amid falling prices that tend to continue to occur, and this will become more light if you learn about market analysis. You can learn technical things directly from various kinds of literature on the internet, but more important and good lessons are from your own experience. Believe me, you will definitely get the lesson itself by doing it directly. Note that you must be prepared to face the risk, so play it safe.

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February 01, 2020, 10:14:22 AM
 #43

Don't really like the idea of such trading but it's better than trying to daytrade using technical analysis anyway. I prefer using crypto as long-term investing instrument, storing money in bitcoin and top altcoins.
Undoubtedly, this is the best way to profit on the cryptocurrency market, especially if you invest for a long time in the highest-rated cryptocurrencies, as well as projects that have good prospects and are in demand in society.  Such activities and income from these activities should be less of a concern to someone who has other sources of income.  with daily trading, the trader makes a profit every day, every week and every month, and with long-term investment, profit can be obtained in six months or a year.
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February 01, 2020, 12:57:38 PM
 #44

Still you aren't far from the risk of losing out, once bitcoin keeps climbing on and on you will be left with your stable coin and you will miss out a lot, i think it's better to just keep your bitcoin instead of trying to trade it which can make you lose what you already owned
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February 01, 2020, 03:11:50 PM
 #45

If you says no risk to losing your money in trading then i have to says that's non sense and there is no such thing because risk always be involved if it related to money especially trading when uncertain things will always be parts of it however i have been heard the method you used that there was some of people suggest to me while the price of btc down then you can convert it to usdt and they says it safe method to minimize losing money but i personally never done it before

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February 01, 2020, 04:03:16 PM
 #46

What the risk would be is that you might be stuck with USDT for long time and it might not give you the chance to trade with the markets simultaneously which would stop your profits but if you continue to hold those USDT just to purchase bitcoins at a dip which you are waiting for would be something which would really give you profits.

Moreover, it is good to hear that you were able to earn $100 profits from just buying and selling bitcoins but I doubt, you would have need to wait for some mid-term in order to sell your coins for $9200 price. Also, the current bullish signs made it possible for you to quickly fill your profits, but the market might even move in an opposite direction. You need to prepare yourself for that situation so that you can minimize the risk of facing any loss.
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February 01, 2020, 04:08:39 PM
 #47

The two platforms you mentioned, iQoption and Olymptrade, are both binary options traders.
These two sites are very different from the one you used in trading cryptocurrency, you can testify that.

When it comes to option trading you just have the put and call options and use these two options to predict where the price of an asset, currency, or stock is heading to. If you make an accurate prediction you make profit. Some people have said that it’s just like gambling, well, I don’t really think so because you still have to do some analysis in it.
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February 01, 2020, 04:57:57 PM
 #48

because trading its not easy . what you do is only right , you learn for months , finding way on how to improve your trades and finalyl you know the secret   . its only impossible that no one helped you on this forum because there are so many users on this forum and most of them are traders  . they wont give straight forward answer because its hard to explain without actual initiation   unless you hire them as a coach to guide you step by step using some tools like video calling or live chatting  .
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February 01, 2020, 05:05:33 PM
 #49

every investment or trade has its own risks, but in terms of trading it is far more risky if you choose the wrong coins and the exchange you use doesn't have many users. but I think you have done a good job, especially if it's your first time trading. my advice, you should always be vigilant because the price of cryptoqurrency is always changing all the time and you must always monitor the assets that you are trading.

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February 01, 2020, 05:18:05 PM
 #50

Don't really like the idea of such trading but it's better than trying to daytrade using technical analysis anyway. I prefer using crypto as long-term investing instrument, storing money in bitcoin and top altcoins.
If we choose cryptocurrencies as a place to make money then we will never avoid the risk. Both of way (trading and investing) will always have a risk each other. Such as trading, your risk is when you are wrong to make an analysis and for investing especially for long term investment then you will find how the movement price of bitcoin itself.

I mean, have you remember bitcoin price just increased for almost $18000 in one year at 2017 ago, when you buy bitcoin at $1000 in the early of that year then you are deserve to gain $18000 in one year, but who know if you have greedy thing. I will believe you will never sold bitcoin at $18.000 and finally you will see bitcoin price decreased a lot, yeah that is the risk that you will find.
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February 03, 2020, 01:47:52 AM
 #51

Trading or investing always involved Risk Factor. The flow of the market is unpredictable sometimes and if your decision is wrong, that will lead you to losses..
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February 03, 2020, 05:44:30 AM
 #52

Don't really like the idea of such trading but it's better than trying to daytrade using technical analysis anyway. I prefer using crypto as long-term investing instrument, storing money in bitcoin and top altcoins.

This kind of strategy works best for those who doesn't have enough time to monitor their funds. Actually this is a good idea for those who have also work and can't completely watch the charts. For me I do trading if I have free time but also I have work and cannot really focus on trading alone. But there are signal in our group who are doing trading and they just telling us when short and long time though I can't check for myself I trust them since its been a long time since I started to join them. Anyway we have different opinion and the style we do work for ourselves in different point of view.
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February 03, 2020, 09:15:16 AM
 #53

its still very risky and I don't like that idea of yours, I'm better off with storing my bitcoin in my wallet and keep buying when I see another cash, bitcoin trading is risky
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February 03, 2020, 01:49:09 PM
 #54

I decided to take a risk by using my bitcoin that i locked away in my wallet for few months now to trade on binance and i was able to earned 100$ by just buying low and selling high, between 8300$ per bitcoin and 9200$, this is a good trick for those who don't know how to start trading, use USDT/BTC trading pair

So far what I've learned is there is no risk of losing your money here, you can be stuck with USDT for a while but we know that bitcoin is volatile, the time will come again, forget other platforms and use crypto trading exchanges like binance, kucoin, huobi... Thank you

Buying bitcoin at low and selling at high will be the best way to make a profit, and that is a good trick for people who don't know much about trading. They don't have to analyze deeper than the other people, and they only find out the low price to buy and hold it for a while. People can do that, and I think they can get any time to buy bitcoin at a low price.

People only need to have an account in the exchanges as you, and binance will be the best exchange they use to buy and sell bitcoin. If they can buy and sell many times, I am sure that they will make a profit, and they can collect a lot of USDT and bitcoin because they can have a big chance to repeat it over and over.
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February 03, 2020, 02:17:23 PM
 #55

In future you will probably be trading Altcoin. so for you my opinion is..

1) Do a minimum recherche before buying, don't attempt to buy just seeing pumping.
2) Find out in where it launched & see if it launched in a reputed market or not.
3) Monitor on it's volume and exchange rate for few weeks if you think it's potential then buy.
4) Don't buy when raised high price and don't sell on dip.  Wink

Be smart, Happy Trading...  Smiley
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February 03, 2020, 02:20:48 PM
 #56

I think IQ option and olymptradr aren't trading platform but it is just gambling platform. If I'm wrong, what strategy that should be choose when you trade on that platform, you just guessed the candle betwen red and green no strategy, you just do these thing. Greatfully, you find a good way to become crypto trader and you got it. It is very hard to gain $100 as new trader but you proof it and this thing can be as a refference for those who will try become trade crypto. Honestly, I am not trader but I just know a bit of strategy to trade although I haven't got the profit as you get now.
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February 03, 2020, 02:28:17 PM
 #57

its still very risky and I don't like that idea of yours, I'm better off with storing my bitcoin in my wallet and keep buying when I see another cash, bitcoin trading is risky
Trading in this particular way difinitely a risky form of investment. High chances of losing your money in a much quicker time frame, it's just same with gambling where you are trying to get into the right timing and earned if you have good position. But again always consider the potential huge loses if things turned to the other side.
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February 03, 2020, 04:09:46 PM
 #58

its still very risky and I don't like that idea of yours, I'm better off with storing my bitcoin in my wallet and keep buying when I see another cash, bitcoin trading is risky
Trading in this particular way difinitely a risky form of investment. High chances of losing your money in a much quicker time frame, it's just same with gambling where you are trying to get into the right timing and earned if you have good position. But again always consider the potential huge loses if things turned to the other side.
if you said gambling you are wrong, it's a false statement,
this is trading not gambling, you must have trading knowledge before starting, hope you can understand

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February 03, 2020, 04:15:26 PM
 #59

IQOption is like a gambling site as I think. I have used this site before and their option trader is like gambling and i know they have some crypto and fiat pair too. For a big return is an investment you need to take the risk but you should not put the money that you can not lose. Because its a very risky path and you can be a millionaire or you can lose everything.

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February 03, 2020, 07:33:41 PM
 #60

Trading can be very profitable if done properly but personally I don't subscribe to binary option because it is a gamble. Cryptocurrency trading is totally different from that.

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