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Author Topic: Trading crypto is a different ball game  (Read 802 times)
lixer
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September 10, 2020, 04:16:29 PM
 #81

Cryptocurrency was created for transaction, but people saw the chance to make money through and the majority of them are getting in for that alone, and when it’s not working for them they decide that it’s time for them to quit. That’s the same thing that’s happening, he didn’t see that opportunity to earn money so he decides to call it a quit and go with the remaining he has left in cryptocurrency, though I don’t think he is really at loss here, the last tweet didn’t mention how much he earned at last, rather it said that he dumped the bag on them while the first one said he lost $25k.

So, it’s quite possible that he lost at first and then decided to try Link and recovered everything he lost before deciding to quit.

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September 10, 2020, 09:57:59 PM
 #82

Cryptocurrency was created for transaction, but people saw the chance to make money through and the majority of them are getting in for that alone, and when it’s not working for them they decide that it’s time for them to quit. That’s the same thing that’s happening, he didn’t see that opportunity to earn money so he decides to call it a quit and go with the remaining he has left in cryptocurrency, though I don’t think he is really at loss here, the last tweet didn’t mention how much he earned at last, rather it said that he dumped the bag on them while the first one said he lost $25k.

So, it’s quite possible that he lost at first and then decided to try Link and recovered everything he lost before deciding to quit.

You are right and this had been always the perception of most people when it comes to crpyto which they do believe that its on the investment side without realizing that it isnt really the reason on why its been created
which is solely talking about decentralization or in payment system.
For people who do just lost their money just because they do expect that much on gaining bucks on easy or quick process then that where theyre totally wrong and the situation given or exampled does show
to those people who do just jumped in with those kind of wrong hopes and when real situation slapped on into their faces then they do say negative things without even realizing
on what they have done.

R


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September 10, 2020, 10:33:16 PM
 #83

Cryptocurrency was created for transaction, but people saw the chance to make money through and the majority of them are getting in for that alone, and when it’s not working for them they decide that it’s time for them to quit. That’s the same thing that’s happening, he didn’t see that opportunity to earn money so he decides to call it a quit and go with the remaining he has left in cryptocurrency, though I don’t think he is really at loss here, the last tweet didn’t mention how much he earned at last, rather it said that he dumped the bag on them while the first one said he lost $25k.

So, it’s quite possible that he lost at first and then decided to try Link and recovered everything he lost before deciding to quit.
He didn't really quit as per his post he will try to study the market, he might win in last or not I think it he knows the drill and risk in crypto as well in Stocks since he even loss 1M in Stocks as per his tweet. Sometimes when we already use in doing what we're best as like for him in Stocks we applies it in crypto which way different in Stocks and with higher risk and volatility. We will need to weigh our knowledge and expectations in both different platforms so studying it carefully is a must.

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September 11, 2020, 07:03:47 PM
 #84

Yes, the cryptocurrency market is a different animal. It is very volatile as of the moment and you were been trading on other markets like stocks, you get shocked into this space.
Main reason why most banks and major traders are not in to it yet. It needs to become stable to get big sharks to it
Then we will have to wait for a very long time, people complain about the volatility of bitcoin but this is what the volatility of a free trading asset looks like, stock markets are not really free, they have a bunch of regulations to reduce the volatility especially when the market is going down and those measures are impossible to apply in something like bitcoin, so anyone interested in this market will have to accept it or simply refuse to participate, after all we do not really need anyone that does not really want to be here.

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September 11, 2020, 10:24:18 PM
 #85

Yes, the cryptocurrency market is a different animal. It is very volatile as of the moment and you were been trading on other markets like stocks, you get shocked into this space.
Main reason why most banks and major traders are not in to it yet. It needs to become stable to get big sharks to it
Then we will have to wait for a very long time, people complain about the volatility of bitcoin but this is what the volatility of a free trading asset looks like, stock markets are not really free, they have a bunch of regulations to reduce the volatility especially when the market is going down and those measures are impossible to apply in something like bitcoin, so anyone interested in this market will have to accept it or simply refuse to participate, after all we do not really need anyone that does not really want to be here.
Would like to say the same thing on which theres no one who do forces you out to make investment or do get involvement with crypto.This isnt like with forex and stocks

when it comes to movement and regulation aspect.As we know that this is indeed a free market which no one can really dictate out on how prices do move.There might be some other

factors that can give out effects but not really that much considering that this market is composed of big community.Trading crypto is indeed different and if you do get

used to traditional markets then you will see that difference.

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September 12, 2020, 12:59:22 PM
 #86

Only go for pump and dump if you're the luckiest person on earth. Otherwise, settle with long term investment. Patience is key.
Your advice is strange. How can someone know that a coin is going to pump and dump if they never owned it and never checks its price charts? Of course if you own it already then you should sell at the big pump because it never might go up again and because 99% of the altcoin projects are bound to fail. But otherwise it would wrong to jump into it. You see a 400% price rise on some shitcoin that you never heard of, dont buy it hoping it will go up more, it is a inorganic pump.

But yes a long term holding of bitcoin is definitely like a fixed deposit in a bank as long as you can sell it in future.

R


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September 13, 2020, 12:39:32 AM
 #87

Trading in crypto is really very difficult ball game and more risky then stock. Its need fully risk management and research because one single news makes high fractutuation in price. Also if you are a future trader your risk going to be high and you need to keep an eyes on the market 24x7 hours. It's gives you a lot of pressure. So keep away from future trading and be in spot and do safe trading.

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September 13, 2020, 12:54:24 AM
 #88

Trading in crypto is really very difficult ball game and more risky then stock. Its need fully risk management and research because one single news makes high fractutuation in price. Also if you are a future trader your risk going to be high and you need to keep an eyes on the market 24x7 hours. It's gives you a lot of pressure. So keep away from future trading and be in spot and do safe trading.


You need to realize how you will manage time when you are doing this kind of trading. There are significance where people tends to choose this kind of practices anticipating that their entries will comes up good and bring decent to their investment, it's all about how well you'll going to monitor your assets and how well you understand the business.

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