Shasha80
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October 13, 2020, 11:16:15 PM Last edit: October 13, 2020, 11:40:19 PM by Shasha80 |
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It's natural to have concerns when the price of the coins we buy goes down. But if we are optimistic and patient, we can definitely feel the profit from crypto trading. I understand that those who don't have crypto trading experience will definitely have doubts about being able to produce something from crypto trading. My advice is to be patient waiting for the coins you have bought to go up in price, because as long as you buy good coins, I am sure the price of these coins will go up again. And when the price of the coins we have bought goes up, immediately sell them if they are already profitable. Don't take too big a profit first, because if we want a bigger profit, the coins could fall in price again. And you will miss your chance to make a profit.
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MascharonoM
Jr. Member
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October 14, 2020, 02:19:57 AM |
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Why are you worried about your crypto trading? I think you should learn before involving yourself fully in crypto. Here is a great place to get a decent idea from others. All the best!
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btc-facebook
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October 14, 2020, 03:08:50 AM |
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You don't need to worry, as long as the coins you hold are ranked in the top 50 in CMC the price of your coins will increase, usually altcoins that have a bright future, the price will increase when the price of bitcoin rises, but if it doesn't go up you have to be vigilant, there is a chance that the coins you hold don't have much interest and have little liquidity, so there is a chance that the price will continue to fall and will be difficult to go up.
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maydna
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October 14, 2020, 03:19:06 AM |
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~snip~
Or, consider leaving trading and simply buying at particular dips, with long-term views in mind. A lot of people like to "hug the line" and in this case that is checking for maximum support line and buying just near there or below there. It is riskier for me than dollar cost average because one day you might miss that support dip as the price moons;) Indeed. He can use that way to prevent the worry that he will have when he sees the price move volatile. If he can buying at particular dips, he will not worry about the price because he already got the coins at a lower price. He could only hold it for the long-term and not sell the coin if the coin does not increase so high. You don't need to worry, as long as the coins you hold are ranked in the top 50 in CMC the price of your coins will increase, usually altcoins that have a bright future, the price will increase when the price of bitcoin rises, but if it doesn't go up you have to be vigilant, there is a chance that the coins you hold don't have much interest and have little liquidity, so there is a chance that the price will continue to fall and will be difficult to go up.
He can still worry if bitcoin price gets dump so deep because that can make the other coins in the top 50 in CMC drop too deep. But I agree to select the coins in the top 50 coins position because that coin will have a chance to increase in the future. He needs to analyze and search for those coins because the list will be too big, and perhaps, he can write in the paper or notepad to select the coins.
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ropyu1978
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October 14, 2020, 04:20:33 AM |
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Try simple way when you buy something coin is not down, always buy coin have lower price and look touch more drop price if you not understand how to analyze chart coin, I think this best option for us beginner and always make big mistake with buying coin after touch higher price. First time joining with cryptocurrency I made the same mistake like you and always get problem after buying price is drop and after selling my coin price is up, I try to buy coin after really at lower price and sell for reach profit about 10% or 20% depend how condition and coin price.
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acdc
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October 14, 2020, 05:03:58 AM |
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I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?
As you are new in trading platform, you should learn the basics of trading. You need more market analysis. I'll suggest you to go for day trading. Try to earn 4-6% profit at a time. Are you joking? Advocating a novice to trade every day and trying to make 4 ~ 6% daily is impossible. Even the top traders in the market cannot make 4 ~ 6% daily returns. Even if anyone could make 1% every day I was sure he would become a rich man very quickly.
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J1mb0
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October 14, 2020, 05:13:24 AM |
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I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?
In your case, I think you should switch to a long-term strategy. Ideally, you should invest in big and reputable coins, the top 20 coins in the market seem like a good decision. You should have two things in trading of crypto currency.Firstly you should analysis the market very well and try to buy the cryptocurrency at low price.Then you should have a mind of patience and hold till the price reach of the maximum from your brought price.After selling at good price,you can making a decent income from it.
The theory is, but to achieve success is a very difficult thing, you never know when a currency is low in price to buy it. The evaluation of a cryptocurrency project and the crypto market requires a lot of skills and knowledge, and even the most veteran investors cannot be sure of their judgment.
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Lanatsa
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October 14, 2020, 06:53:16 AM |
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I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?
As you are new in trading platform, you should learn the basics of trading. You need more market analysis. I'll suggest you to go for day trading. Try to earn 4-6% profit at a time. Are you joking? Advocating a novice to trade every day and trying to make 4 ~ 6% daily is impossible. Even the top traders in the market cannot make 4 ~ 6% daily returns. Even if anyone could make 1% every day I was sure he would become a rich man very quickly. He did just make use of the world "Try" and it isn't that mandated or compulsory on what you do believe for but you do actually had the point because suggesting unrealistic goals for a newbie will really be just disrupting his own concentration which might lead up more problems. Issues on trading like losing funds, fomo, fud, panic sell and lots of more will really be just part.Anyone on this market will surely experience these things and if you do get worried then better to analyze up things rather than on stressing yourself too much on things. Even trying on 1% per day no matter how big or small your capital is.The important is you do able to see gains.
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Salauddin1994
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October 14, 2020, 07:04:15 AM |
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If you want to make money from crypto trading you need to be patient in analyzing the market patience is a virtue sometimesit is better to trade less than just trading for your own benefit there are days when i just enter the business. Or less because before you think about setting up a trade you need to determine the ideal market situation and only when you patiently analyze the chart for several hours can you identify the market.
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Naida_BR
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October 14, 2020, 07:45:56 AM |
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I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?
Maybe you are not doing a TA before making a call. Where do you support your calls? Maybe you are more a FOMO guy and you buy when the price is at their ATH and after you buy it starts falling. Read about trading first, make some calls with small amounts of money and as the time goes buy you are going to be experienced with that.
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culuuton
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October 14, 2020, 08:03:48 AM |
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I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?
Don't worry, a coin up or down is very normal in the market. If you are holding the few top coins, you won't need to do anything, just wait and you will definitely make a profit.
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Maroons
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October 14, 2020, 10:21:09 AM |
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Well honestly upon reading your post I think you are on the right track, I don't know which coins you have bought but the fact that it is all down makes me think that you will get profit eventually specially if you have bought top tier cryptocurrencies, you definitely shouldn't worry about it for I'm sure you'll get profit from it you just need to wait for the right moment to sell it, just stick on holding it and do not try to trade it often because I think you are still a newbie.
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militiariko
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Life is beautiful !
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October 14, 2020, 03:19:38 PM |
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I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?
If you are worried; then crypto currency trading is not for you. You need to be in the right and proper state of mind to be able to trade crypto currency. Emotions such as fear, anxiety, or over excitement are psychological status that you have to overcome before you can be a mainstay and trade crypto currency. What do I need to know?
Well, you need to know the basics of crypto currency trading. You need to understand how Technical analysis and fundamental analysis works and how to read out a chart You need to undergo a course about trading psychology You need to learn how to trade, perfect a strategy and always do your own research. More importantly; you need to know that in a trade, you can earn x500 today and lose all tomorrow. prepare your mindset.
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goldade
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The Standard Protocol - Solving Inflation
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October 14, 2020, 03:42:51 PM |
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I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?
It is a known fact that every professional trader right now actually went through times like this in their beginning days of trading. I believe you're making these losses continually because you didn't take the necessary time to learn, study and get the skills and knowledge required for trading. Trust me, trading isn't something to dabble into just like that. One has to learn all the intricacies of trading from learning how to analyze the market to overcoming psychological and emotional problems such as fear and anxiety to strategy for taking profits. Only if these things are mastered can one be a successful trader
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pragna
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October 14, 2020, 03:55:19 PM |
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I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?
Don't be hopeless ever. Trading is always researchable and you can not be a successful trader in one day. There are too many articles in forum about to be a successful trader. I suggest you to read those articles more and more so that gradually you will be a successful trader one day. In trading the more you will be informative about that coin you will be gainer. So best of luck in future. thanks.
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shield132
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October 14, 2020, 05:36:48 PM |
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I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?
And why do you think that trading is a thing where you'll shine? I don't love to reply to this kind of posts but I know there are a lot of people who misunderstood some things. Almost everyone shouts loudly that you can earn decent money by crypto trading. Well, yes, you can but at the same time you have to consider that there is correlation between reward and risk. Higher the reward, higher the risk, especially in crypto. First of all you have to understand is trading really the thing that you want to do? And should crypto be a part of it? Maybe other currencies can be better like USD, Euro, GBP... You need to practise a lot, virtual trading platforms are great but also you can start with small amount of money (I prefer this last one because when people actually trade with their money, even if it's small, they show their true image). Also, please consider that trading isn't only skill or ability to read charts or ability to understand what news causes what, it needs luck too!
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fullhdpixel
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October 15, 2020, 07:32:02 AM |
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I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?
That's not how it works tried to learn how this trading works before trying it on your own it's really helpful if you have mentor or friends that will guide you what to do. Too risky for you because you don't have enough experience doing that and doing this now means possible lost on your side. Don't do it that way try to learn it by searching and watching videos and tips from professionals traders. Yes, I always suggest people to do trading with demo account or at least with a small amount such that you can lose it all and don't drop a sweat because trading is one part in crypto where knowledge and patience is the key to getting any profits. People often jump into trading too early and believe they have gained every ounce of knowledge they needed for starting trading. I often consider that a good trader is one who always has the passion to learn because once you stop learning your knowledge will start fading away as you become too arrogant to learn and slowly the old knowledge will not be good enough to cope with the new patterns of trading.
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pamsugas
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October 15, 2020, 02:50:27 PM |
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You don't need to be afraid if you invest in the top 5 coinmarketcap, you will not lose everything, investing in long-term crypto is recommended for beginners, my advice if you are holding an altcoin that is still running, you should sell and replace it with the top 5 coinmarketcap.
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Oceat
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October 15, 2020, 03:03:29 PM |
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I hope this will give you some enlightenment to realize that crypto trading is not for everyone and before you get to those level of traders who do earn big on their own, you must have to learn how did they do it. Basics is always an important assets you need to learn first when you want to learn something. It is not a given information but you can learn it from everything, through experiences, it may take some time to master it but it is worth the wait.
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3996
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milewilda
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October 15, 2020, 09:25:55 PM |
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I hope this will give you some enlightenment to realize that crypto trading is not for everyone and before you get to those level of traders who do earn big on their own, you must have to learn how did they do it. Basics is always an important assets you need to learn first when you want to learn something. It is not a given information but you can learn it from everything, through experiences, it may take some time to master it but it is worth the wait.
Some people do believe that it was easy but if they are already on the actual situation then those kind of hopes had been broken out because trading doesnt really work on that way.Easy money? No its not and just because you have seen others do make money but you dont know on what are the things that they had passed first before they do able to make themselves profitable.Lots of trial and error would really be needed for you to be good in trading and that wont indeed only spent a few weeks or month but these will take years for you to take or have grasp on everything, not just on giving up in few tries.
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