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Author Topic: You can enjoy crypto currency  (Read 309 times)
BestEarningTips (OP)
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August 16, 2020, 12:42:52 PM
 #1

To enjoy crypto currency trading, you need to have a good inflow of cash. Because as a trader, the fastest route to profit is trading with huge capitals.
Advantage of small capital: With small capital, you get to practice alot, you get to learn and not feel at loss, but you cannot be a million over night.
Advantage of big capital. With huge capital, you can become a millionaire overnight if you trade right, with well skilled knowledge, but also you can become very rekt too.

This is why you need consistency in knowledge, patience and emotional balance.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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August 16, 2020, 12:44:31 PM
 #2

Apart from the above, there are also some important things that traders need to know, namely fund management and emotional management. Good fund management will minimize losses from trading.
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August 16, 2020, 12:49:25 PM
 #3

To enjoy crypto currency trading, you need to have a good inflow of cash. Because as a trader, the fastest route to profit is trading with huge capitals.
Advantage of small capital: With small capital, you get to practice alot, you get to learn and not feel at loss, but you cannot be a million over night.
Advantage of big capital. With huge capital, you can become a millionaire overnight if you trade right, with well skilled knowledge, but also you can become very rekt too.

This is why you need consistency in knowledge, patience and emotional balance.
Very informative idea that can help those who are just new with the crypto world and the system running in this industry. For those who are new in here, kindly take note of the following traits that you need to possess that said above such as consistency in knowledge, patience, emotional balance and additional to that is being risk taker and being cautious in every situation you are facing.
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August 16, 2020, 12:54:35 PM
 #4

You can only enjoy cryptocurrency if you have the right knowledge and mindset, but if you just focus on easy money then crypto is not for you. This market is indeed fun once you already experience a lot of pumps and dumps.

Its actually challenging to reach your target profit because of the volatility, just take it easy and always open yourself to learn new things. If there’s a FUN side, there’s also a SAD side so don’t set your expectation high in cryptocurrency.

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August 16, 2020, 01:14:48 PM
 #5

that only applies to those who are thirsty for crypto enjoyment for a moment, but not for the long term. in the crypto space we only choose one asset that over time becomes a million dollars. to get millions of dollars overnight without going through the difficulties is only for a few people who have high odds.  Cool

The main key to success is in the value of assets that are getting more valuable. Recommended Crypto Trading platform Binance.com
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August 16, 2020, 01:17:46 PM
 #6

What makes it enjoyable is the knowledge one is getting while trading. There is this thing called "right time" to trade and this thing is not constant. One should know when he thinks is a good time. Same thing with choosing the right coin. The best thing is that there's no right textbook to determine which is which. It will all depende to one's decision making skills. There will be times of loss but you will still earn something which is realization. Then things will pile up as your experience. You would eventually notice the changes on your "picks" and that is the best thing in my opinion.
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August 16, 2020, 01:29:07 PM
 #7

To enjoy crypto currency trading, you need to have a good inflow of cash. Because as a trader, the fastest route to profit is trading with huge capitals.
Advantage of small capital: With small capital, you get to practice alot, you get to learn and not feel at loss, but you cannot be a million over night.
Advantage of big capital. With huge capital, you can become a millionaire overnight if you trade right, with well skilled knowledge, but also you can become very rekt too.

This is why you need consistency in knowledge, patience and emotional balance.

Yes you're correct.  Investing with huge capital brings in much more profit than little capital, though it could also be in another negative side.  Recently I planned investing in ETH with just $200, I now sat down and think that even if one ETH is sold for $500, that time it was close to $300/ETH then, the profit on my investment will be negligible, compare to someone that invest like $50,000
mr.smith
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August 16, 2020, 01:43:34 PM
 #8

To enjoy crypto currency trading, you need to have a good inflow of cash. Because as a trader, the fastest route to profit is trading with huge capitals.
Advantage of small capital: With small capital, you get to practice alot, you get to learn and not feel at loss, but you cannot be a million over night.
Advantage of big capital. With huge capital, you can become a millionaire overnight if you trade right, with well skilled knowledge, but also you can become very rekt too.

This is why you need consistency in knowledge, patience and emotional balance.

We all have an issue with capital, no investment or business will run without a capital I think our skills should be focus on getting a capital and gaining confidence on how to run a business with a small capital.

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August 16, 2020, 01:52:21 PM
 #9

I would never use more of my FIAT for trading than i can afford to lose without having an impact on my daily life, especially trading cryptos.
It's quite often that a coin does + or - 10% or more during a single day. If you invest money that you are dependent on in cryptos than you will surely die of an heartattack very soon.  Cheesy
On the other hand with high risk there always comes high potential reward.
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August 16, 2020, 02:02:59 PM
 #10

In terms about starting capital, you do not need to start big in order to win big. You can even start small and if you are skilled enough then you can make huge profit through compounding. It is better to start small first than to regret it later, the ideal capital is always small but if we have a lot of experiences then we can start with big capital. Through proper knowledge and right education, you can increase your capital but still expect that you will experience losses in your trading career and it is the reason why you should have proper risk management to lessen the losses that you may incur.

A good trader starts with discipline and you should all remember that, you can call yourself a good trader if you have proper plan. A proper plan consists of entry points, target profit and stoploss levels. You should also determine what kind of trader are you and you should able to identify the trends.
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August 16, 2020, 05:07:53 PM
 #11

Aside from having enough cash, first thing is to equip yourself with the necessary knowledge because crypto trading requires all the knowledge needed to be able to trade properly because it is very to lose all of your money if you don't have the right knowledge about trading.
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August 16, 2020, 05:40:40 PM
 #12

 You are right the more capital a trader has the more profit he is likely to make but aside from the capital , a good trader must be sure he  is mentally and emotionally balanced . Take profit when they need to and should not   fall in-love with a  project and forget to take profit .

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August 16, 2020, 05:52:08 PM
 #13

If you are a new trader do not jump into the market with big money because you are bound to make mistakes, the most important thing when trading is to minimize loss and maximize your gain. No matter the amount you start with with discipline you will grow it and make your money, but one step at a time

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August 16, 2020, 07:44:40 PM
 #14

I do not agree with most things being said. To enjoy crypto trading you first and foremost need good trading experience because without it, mistakes will abound which of course will lead to more losses. Also, to enjoy crypto trading, one needs not huge funds but the amount he can afford knowing fully well that there are risks, hence with that in mind he will be guided appropriately on the amount of funds to use and be at peace during trading.

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August 16, 2020, 08:15:26 PM
 #15

I don't agree with you. Because In 2017 I started crypto trading with a low amount of money. Though I knew and bought Bitcoin in2016 but started trading in 2017. My capital was less than 500$ and after a few months, I earned a lot of money. More than 3k$ profit in 5months.My only focus was at my work not on my capital. My recommendation is if anyone wants to be a successful trader he/she must focus on their work, their activity, their emotion not on the capital. If he/she focus on capital and compare with profit then they will be frustrated and they have a big chance to take a wrong step and loss hope, money. so focus on your work, not in capital & don't think that you will be a millionaire overnight.

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August 16, 2020, 09:14:18 PM
 #16

I believe the inflow of cash is a good idea but you do not need a huge capital. Even if you put up 20-50 bucks per month that is a good enough money that I believe in the long run you will make a good amount of money for your future.

Obviously you will not make too much from it, there is a whole lot of things missing to make you profit enough to make you stop working and so forth, first of all time, however if you are patient enough and do this for like 20-30 years you could actually make a huge amount of profit from it by the end with just 20-30 dollars per month, maybe increase it each year though because there is inflation, 20 bucks would be prize of a gum in 30 years probably with the way worlds economy is going. So, inflow of cash constantly is a great idea.

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August 16, 2020, 09:37:50 PM
 #17

Consistency and knowledge are important in trading. Capital is important, but without the ability to analyze the market and a good mentality we will not benefit. unless luck is on our side.
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August 16, 2020, 09:53:26 PM
 #18

To enjoy crypto currency trading, you need to have a good inflow of cash. Because as a trader, the fastest route to profit is trading with huge capitals.
Advantage of small capital: With small capital, you get to practice alot, you get to learn and not feel at loss, but you cannot be a million over night.
Advantage of big capital. With huge capital, you can become a millionaire overnight if you trade right, with well skilled knowledge, but also you can become very rekt too.

This is why you need consistency in knowledge, patience and emotional balance.
sometimes emotional and not relaxed in trading causes many failures. and keep in mind that not always big capital always has big profits because seeing the very high risk of trading if you use large capital, you must be careful in trading

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August 16, 2020, 09:57:22 PM
 #19

Consistency and knowledge are important in trading. Capital is important, but without the ability to analyze the market and a good mentality we will not benefit. unless luck is on our side.

crypto trading is bit complex particularly these new alts. so if you are into trading, you should understand whats going on with these alts, background, development updates, socmed updates and others. because if you will be attentive with those, you will get a hint of whats to come. so aside from your TA knowledge and experience, familiarity with the coin will help you in the trading aspect.
 though capital is important, but if you are just a starter, it is better to use small amount. so in case you lost it, not heavy for your pocket.

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August 16, 2020, 10:25:45 PM
 #20

To enjoy crypto currency trading, you need to have a good inflow of cash. Because as a trader, the fastest route to profit is trading with huge capitals.
Those with really huge capital are mostly called whales are they can move and affect the market.

Advantage of small capital: With small capital, you get to practice alot, you get to learn and not feel at loss, but you cannot be a million over night.
Average joe traders, you can't play the market because of your limited funds but as you go along, you learn a lot that will give you the needed confidence to target bigger profits in the future. You just need to have that winning mentality.

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