Advice on trends

[2tang]

Just like you don't know when to buy or trade, so many people here have the same attitude, meaning if we decide when to trade and someone else comes at the same time then it will be an opportunity to make a good day trade. But when many don't act in the opposite scenario then the market won't move in your favor.

The opposite direction in the market will always occur because the cryptocurrency market is always very lively, so there is no need to wait for the best time to trade as long as you still have capital so you can immediately set up a good strategy for each trade.

[sana54210]

There's a simple solution to that, don't trade if you can't control your emotion, the most important thing is the implementation of your plan because that would determine the outcome of your trading activity, even how good your plan is, it will only stay in the paper if you can't implement it well.

If you could plan ahead of what you are going to do, then you could make a lot more money.
I personally feel like there are too many people who set out on a road and then switch lanes right in the middle of their path.

If you have a plan that you want to follow and then you do it, it will probably be a good one and if not at least you can see what was wrong on that plan. However when you set out to do one thing and change your idea in the middle and do something wrong then you will obviously know what is wrong which was the idea change, which you will regret but you can't learn from it, all you will realize is that you should not change your idea in the middle.

Just write down what your plan is with that investment, and do not change it, just keep on doing what you set out to do and keep doing that for a long time. Obviously it will be hard to not touch it when it is going down, but that is how you can make a profit, when you do not touch it and wait for it to recover.

[Raflesia]

Combining knowledge is really important, not just to focus on one information but to make it wider to anticipate closer.

You have to be more keen in finding deeper knowledge about the venue that you wanted to invest your money,
not just the trend, but all possible information that will give you deeper idea in to how you will execute your investment.

The more you follow the trend of the news behind, the more you'll understand and form a good strategy to work with certain opportunities.

Now knowledge is important because this is very broad where we need accurate information about trends that are happening in the market as well as about NFT games and other types, and indeed this depends on the criteria so I will find out more about what I invest and much more than that.

Forming a strategy does take time in trading and controlling our emotions and in our greed we must be able to combine it with our other knowledge, usually it will be a good thing, and we focus more on trends that are happening not just analysis.

[JeWay]

NFT is the future and NFT gaming is so underrated now!
For example DKT DuelistKingNFT is a nice long term project. I'm into NFTs now, so I think you can find it helpful as well.
https://duelistking.com/

I also wonder why some newbies really like NFT, even though at this time there are so many good coins that are useful and they can use for important things and can also benefit them in the future, not only about NFT.

[Pamadar]

Combining knowledge is really important, not just to focus on one information but to make it wider to anticipate closer.

You have to be more keen in finding deeper knowledge about the venue that you wanted to invest your money,
not just the trend, but all possible information that will give you deeper idea in to how you will execute your investment.

The more you follow the trend of the news behind, the more you'll understand and form a good strategy to work with certain opportunities.

Now knowledge is important because this is very broad where we need accurate information about trends that are happening in the market as well as about NFT games and other types, and indeed this depends on the criteria so I will find out more about what I invest and much more than that.

Forming a strategy does take time in trading and controlling our emotions and in our greed we must be able to combine it with our other knowledge, usually it will be a good thing, and we focus more on trends that are happening not just analysis.

Forming a good strategy by combining all the knowledge that you gathered while you are inside this business.

Many traders failed as they mostly followed their emotions, thinking that the market trends mostly gives them a high chance of gaining profits, not knowing that if you got left behind, you'll just going to waste your invested money.

Think wisely and use all your experience before joining whatever trend the market offers you.

[Kodok Bencot]

This is natural, market trends are always interesting for us to follow, if the market is red then this is a good opportunity for us to buy, there is always an opportunity to profit from crypto and this is what makes crypto investment a trend and attracts everyone including millionaires world.

[Benefactor]

You limit your danger both on the potential gain and drawback and you don't need to stress over getting tops or bottoms. Leads for a more peaceful method of collecting also. You hear yet rather make a fast procedure and judgment dependent on market response when you do the exchange and exchanging toward the end of the week is calmer than during the week will just happen once the market balance out.

[gamer4156]

Exchanging toward the end of the week is calmer than during the week will just happen once the market balance out. I could say this is on the grounds that it happened months prior before bitcoin soaring.There's no adequate confirmation that a specific time period would truly be the best spot for you to make out exchanges however some way or another putting together off with respect to some perception then you can make out assumption.

[virasog]

Just like you don't know when to buy or trade, so many people here have the same attitude, meaning if we decide when to trade and someone else comes at the same time then it will be an opportunity to make a good day trade. But when many don't act in the opposite scenario then the market won't move in your favor.

The opposite direction in the market will always occur because the cryptocurrency market is always very lively, so there is no need to wait for the best time to trade as long as you still have capital so you can immediately set up a good strategy for each trade.

For trading, you obviously don't need a bullish market. If you know to trade, you can trade by shorting the market in the bear trending market.

My advice will be to learn the trading first and then you can trade in any market conditions.

[izsara]

This is natural, market trends are always interesting for us to follow, if the market is red then this is a good opportunity for us to buy, there is always an opportunity to profit from crypto and this is what makes crypto investment a trend and attracts everyone including millionaires world.

you have to see first, of course, if the market is like now which coins are suitable for adoption or what projects are really suitable to be monitored because not all coins and not all projects can be followed and can be profitable even though the market is like this.
need further observation on this matter, lest you so easily assume that all coins will be profitable

[wmaurik]

you have to see first, of course, if the market is like now which coins are suitable for adoption or what projects are really suitable to be monitored because not all coins and not all projects can be followed and can be profitable even though the market is like this.
need further observation on this matter, lest you so easily assume that all coins will be profitable

For old coins, you can always look at the top 10 coinmarketcap rankings but for coins from new projects you can see RPG and Xircus before they both return at high prices so the chance of profit is very small.

[Russlenat]

There's a simple solution to that, don't trade if you can't control your emotion, the most important thing is the implementation of your plan because that would determine the outcome of your trading activity, even how good your plan is, it will only stay in the paper if you can't implement it well.

If you could plan ahead of what you are going to do, then you could make a lot more money.
I personally feel like there are too many people who set out on a road and then switch lanes right in the middle of their path.

If you have a plan that you want to follow and then you do it, it will probably be a good one and if not at least you can see what was wrong on that plan. However when you set out to do one thing and change your idea in the middle and do something wrong then you will obviously know what is wrong which was the idea change, which you will regret but you can't learn from it, all you will realize is that you should not change your idea in the middle.

Just write down what your plan is with that investment, and do not change it, just keep on doing what you set out to do and keep doing that for a long time. Obviously it will be hard to not touch it when it is going down, but that is how you can make a profit, when you do not touch it and wait for it to recover.

That's the right thing to do, a plan is a strategy that you will have to follow if you wanna play this risky game, however, if you don't have the discipline to do it, even if you have a perfect plan, it's still useless if you cannot effectively implement it. It's a process, starts with a plan and ends up with the execution and the last part is always the most crucial part.

[Pamadar]

That's the right thing to do, a plan is a strategy that you will have to follow if you wanna play this risky game, however, if you don't have the discipline to do it, even if you have a perfect plan, it's still useless if you cannot effectively implement it. It's a process, starts with a plan and ends up with the execution and the last part is always the most crucial part.

Discipline plays a big role when you are into this investment. Emotion control saves you a lot of mess.

With good management of your set plan and good disincline with your emotions, everything will take in the right place,
whatever system you have.

I really believe that it's a bunch of combination before you really excel into this business and enjoy all the benefits..

[Smitty Werben Man Jensen]

Following trends, of course, it doesn't matter, I also often invest by following trends, for example the coin meme, NFT and now the latest trend is Metaverse, by following trends we can get big profits rather than just holding old coins.

Of course as long as it can be useful and make a profit it's fine to follow the trend and that's a positive thing,
speaking of which Metaverse is a potential project and it will continue to grow and become big in the future,
Let's hope that's the case and let's see what happens next

[wmaurik]

Following trends, of course, it doesn't matter, I also often invest by following trends, for example the coin meme, NFT and now the latest trend is Metaverse, by following trends we can get big profits rather than just holding old coins.

Your thinking in my opinion is a little wrong, don't you imagine those who bought Ethereum in 2018 have become billionaires last year ? and that includes old coins as a very real example to everyone and you actually, because trends can't always be good for everyone, let alone those who are late to take advantage of them.

[Nazmul012]

There might be many reasons behind this. First reason is adjacently to what you guessed. weekends considered as holiday. People aren’t robot who'll work daily, so they might be take rest by quit trading. Besides they also sell some portion of Their Capital to buy things what they need. Thats why we notice Not only eth, ltc but also whole crypto industry turn into red for while during weekends

[wmaurik]

There might be many reasons behind this. First reason is adjacently to what you guessed. weekends considered as holiday. People aren’t robot who'll work daily, so they might be take rest by quit trading. Besides they also sell some portion of Their Capital to buy things what they need. Thats why we notice Not only eth, ltc but also whole crypto industry turn into red for while during weekends

What you say is true, too, but being ignorant is definitely not good mate, because the red market is not only because of traders who have sold their assets, but it could also be because of old investors and new investors who have not entered the market at the time This results in different conditions in the market as you can see now.

[Coin_trader]

Following trends, of course, it doesn't matter, I also often invest by following trends, for example the coin meme, NFT and now the latest trend is Metaverse, by following trends we can get big profits rather than just holding old coins.

Your thinking in my opinion is a little wrong, don't you imagine those who bought Ethereum in 2018 have become billionaires last year ? and that includes old coins as a very real example to everyone and you actually, because trends can't always be good for everyone, let alone those who are late to take advantage of them.

I think his context is about the current condition which old coins is already reached there peak and the current price is still near on that level. Having that in mind, You can make more profit if you invest on the trending coins compared to old coins based on the current situation of the market. There's no way we will another insane growth like we see since this bull season start. There's always a long correction right after we reach the ATH and that correction is what we are experiencing right now.

[Jose Mourinho]

I think following the trend is a very good thing in investing in crypto, but not everything that is trending can provide positive things in the future, but we must be able to take advantage of this opportunity well, otherwise you will experience big losses later, it would be better if you focus on coins that have strong fundamentals so that the coins you invest in can last a long time without having to depend on trends that occur in the crypto market.

[saladin7000]

In my opinion, don't be too influenced by the current trend, because trending coins may not necessarily have a positive impact in the future, indeed following trends can provide an opportunity to be able to get good results in investing, but if we are wrong or late in make a decision it can be fatal with the investment that we do.