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Author Topic: What did you learn about crypto trading?  (Read 2288 times)
Awwal08
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June 25, 2022, 08:16:38 PM
 #281

When I first started trading cryptocurrencies, I discovered a lot. In cryptocurrencies, you, the owner, have sole authority over your funds. You can withdraw money whenever you wish. Another benefit of learning crypto is the ability to make money.

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June 25, 2022, 08:18:04 PM
 #282

2020, however 2021 was the year when I finally made some good profits from Crypto Trading.
I mostly indulge in Bitcoin, Ethereum and few other altcoin pairs. It's good to have a x5 long ON with some spot buying to make extra profits.
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June 25, 2022, 08:51:19 PM
 #283

Only one thing i mainly learnt is "Patience". Lost much but just being patient enough holding the coins and selling them off when price was high, earned and learnt a lot. This has helped me to practice the same in my own life on other activities. Yes, this has become so important to achieve lots and lots of things. Trading taught me good lessons. Other think is, never borrow and invest unless and until you know how to utilize the borrowed money and how to give back.

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LastKiss
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June 26, 2022, 01:30:43 AM
 #284

Only one thing i mainly learnt is "Patience". Lost much but just being patient enough holding the coins and selling them off when price was high, earned and learnt a lot. This has helped me to practice the same in my own life on other activities. Yes, this has become so important to achieve lots and lots of things. Trading taught me good lessons. Other think is, never borrow and invest unless and until you know how to utilize the borrowed money and how to give back.

Yes I agree, the one of we must have when it comes to trading is patience. Since a lot of people come to cryptocurrency because they heard from their friends they can make a big profit in just a day, they blindly put their money in crypto and hope to get a good profit without any patience. Also don't forget to use money that we can afford to lose.   


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bittraffic
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June 26, 2022, 01:43:08 AM
 #285

Its very important to learn that what goes up will always come down which also requires you to sell as you learn it. Its necessary to sell when the prices goes up and you are also going to buy when the price goes down. Identifying the right price is a different lesson to learn but you get the point since it about making money.

The market will not identify who are holder or not, or whether you are patient or not. it just keep doing what it does until it wears out the bull or wear our the bears.


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June 26, 2022, 09:11:24 AM
 #286

well what I have learned now I that over-holding exists and it's nothing pleasant.  set your goal hence u will be able to sell when you are happy with the profit and in a bear market for sure you will be able to buy back more. it applies to BTC and eth as we can see now. 4300 dollars dropped to 900 bucks.



 

 

 

 

 

 


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crytolad
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June 26, 2022, 10:03:52 AM
 #287

well what I have learned now I that over-holding exists and it's nothing pleasant.  set your goal hence u will be able to sell when you are happy with the profit and in a bear market for sure you will be able to buy back more. it applies to BTC and eth as we can see now. 4300 dollars dropped to 900 bucks.

God bless you mate, it couldn't have been said any better.... You said it all. Once you invest in a project or buy a coin, just set your target and once it gets to your target you can sell. I am saying this because I knew what over holding has caused me.
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June 26, 2022, 12:20:18 PM
 #288

well, what I have learned now I that over-holding exists and it's nothing pleasant.  set your goal hence u will be able to sell when you are happy with the profit and in a bear market for sure, you will be able to buy back more. it applies to BTC and eth as we can see now. 4300 dollars dropped to 900 bucks.

I have learned the same thing when I overheld a certain coin for a long time without even monitoring its market price. I thought that the longer I hold it, the higher the profit that I could gain. I learned that it's important to check the potential of a coin first. I've set a target goal and decided to sell it when I reach it. Holding isn't always the answer but the perfect timing.
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June 26, 2022, 01:53:33 PM
 #289

Gaining knowledge about crypto trading first is especially for new investors consider learning different strategies to improve your performance but you will understand everything better. Trading trends and the trading thing to be aware of before choosing a crypto market.

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June 26, 2022, 02:08:02 PM
 #290

well, what I have learned now I that over-holding exists and it's nothing pleasant.  set your goal hence u will be able to sell when you are happy with the profit and in a bear market for sure, you will be able to buy back more. it applies to BTC and eth as we can see now. 4300 dollars dropped to 900 bucks.

I have learned the same thing when I overheld a certain coin for a long time without even monitoring its market price. I thought that the longer I hold it, the higher the profit that I could gain. I learned that it's important to check the potential of a coin first. I've set a target goal and decided to sell it when I reach it. Holding isn't always the answer but the perfect timing.
You are right, trading and investing are all about skill and the right timing. It's not just about surviving longer, because if we miss the moment, we can waste time holding on to assets that are very old but not achieving the targets we set.
I even sometimes buy long-term potential assets like BNB and Matic when there is a downturn. and immediately I placed a sell order at a very high price. may not make sense. because I managed to sell in quite a long time. but I've proven it works in BNB and SOL.

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June 26, 2022, 11:57:37 PM
 #291

Gaining knowledge about crypto trading first is especially for new investors consider learning different strategies to improve your performance but you will understand everything better. Trading trends and the trading thing to be aware of before choosing a crypto market.

And most alts won't follow the btc trend as they have their own trend depending on their developments.
This is why, if you will trade with specific alts, you need to know the progress of what is going on with the coin.
Because it depends on what accomplishments they have in terms of their roadmap.
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June 26, 2022, 11:59:57 PM
 #292

Expect any and everything.  Typical rules and patterns don't mean much.  This is still the wild west, rife with opportunities and scams alike.  Tread slowly and carefully, it isn't for everyone.
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