Few tips of advise in bitcoin or crypto trading

[kawetsriyanto]

Trading can be tough and complex, however if you have the skills and working strategies, more than knowledge itself, trading success can be certain. Despite of how volatile and unpredictable the market is, if you know how to analyze the charts wisely and be able to identify its trends and patterns, success in trading will never be that hard to achieve. Just be patient at all times, so you can have the perfect timing to make an entry and exit in the market.

Yep. Trading sometimes can be quite difficult and complicated. That's why we are intended to have sufficient knowledge, skills, and mentality. Without these, we will be hard to deal with the sudden change in crypto trends. Also, we may need to face with FUDs from any source in crypto industry. It is like the current situation in crypto market, all the coins dropped significantly after they increased quite well few days ago. If we have no strong mentality and no good understanding in crypto, we may quit now. But for the people who know well crypto, they will keep holding and be patient because they know it is a temporary drop only.

Well, skills or knowledge will also have a big role in analyzing the potential of crypto coins. Sure, we can determine when we entry and exit through the analysis. To do analysis, we must have good knowledge/skills in reading the fundamental aspect and price charts (technical matter).

[tvplus006]

... you could sell at $100k and the market can continue to go up from there and never comes back to actually give a buying opportunity again

There is no need to make a tragedy out of this) If you are satisfied with the profit you have made, then why worry if the price will continue to increase after you have sold BTC for 100 thousand dollars. It's very simple: you made a profit, bought a Lamborghini and wait for the price to drop to buy another batch of Bitcoins.

[Catenaccio]

Yep. Trading sometimes can be quite difficult and complicated. That's why we are intended to have sufficient knowledge, skills, and mentality. Without these, we will be hard to deal with the sudden change in crypto trends.

Trading with Spot and Bitcoin is easy. You can buy, hold your bitcoin and wait for profitable price to take profit, it's easy. No risk of liquidation, no extra fee by holding your position for a long time. But if your entry is not good, causes temporary loss, and you see the trend is changing bearish, but you don't want to cut loss, let's withdraw your bitcoin from centralized exchange to non custodial wallet.

With margin and futures trading, it has extra fees, like funding fees every 6 hours, and you hold your position longer means you have to pay more fees to funding fess, together with risk of liquidation. It's risky and complicated.

Also, we may need to face with FUDs from any source in crypto industry. It is like the current situation in crypto market, all the coins dropped significantly after they increased quite well few days ago. If we have no strong mentality and no good understanding in crypto, we may quit now. But for the people who know well crypto, they will keep holding and be patient because they know it is a temporary drop only.

With Spot, FUD will less affect your position and original trading capital. I mean if you trade Bitcoin, if thing turns bad, you can change to holding bitcoin. With altcoins, with either Spot, Margin or Futures trading, it's very dangerous.

[Lanatsa]

Yep. Trading sometimes can be quite difficult and complicated. That's why we are intended to have sufficient knowledge, skills, and mentality. Without these, we will be hard to deal with the sudden change in crypto trends.

Trading with Spot and Bitcoin is easy. You can buy, hold your bitcoin and wait for profitable price to take profit, it's easy. No risk of liquidation, no extra fee by holding your position for a long time. But if your entry is not good, causes temporary loss, and you see the trend is changing bearish, but you don't want to cut loss, let's withdraw your bitcoin from centralized exchange to non custodial wallet.

With margin and futures trading, it has extra fees, like funding fees every 6 hours, and you hold your position longer means you have to pay more fees to funding fess, together with risk of liquidation. It's risky and complicated.

Also, we may need to face with FUDs from any source in crypto industry. It is like the current situation in crypto market, all the coins dropped significantly after they increased quite well few days ago. If we have no strong mentality and no good understanding in crypto, we may quit now. But for the people who know well crypto, they will keep holding and be patient because they know it is a temporary drop only.

With Spot, FUD will less affect your position and original trading capital. I mean if you trade Bitcoin, if thing turns bad, you can change to holding bitcoin. With altcoins, with either Spot, Margin or Futures trading, it's very dangerous.

Easy on the sense that you will really be holding up your position but if we do speak about having that active trading on which despite of making up some spot trading but doesnt mean that you can make profits on which we know that market goes up and down. The good thing on here is that you wont really be able to get liquidated because you arent that doing futures. This is why its really that recommended that never ever touch up futures if you dont really know on what you are doing. In speaking in choosing on which coin you will be trading up then there are tons of options on which there are those less volatile and  there is those who do have that very moving prices but actually in overall they are all unpredictable in speaking about movement.

This is why i could really say that trading is never been easy even if you do speak about Spot trading but somehow it does have some advantages too. You will really be able to find out those things once you do touch up this space on which this is something that cant be determined about into the outcome or results of our trades. There are really just that those conditions on which it will really be giving out that kind of hesitance and doubts into the positions that you are making into.

[Rockstarguy]

Trading is not always profitable, and indeed such things must also be learned by novice traders. Not necessarily holding and then buying at a cheaper price if the price drops will always be good. It all depends on the market situation.

Beginners always think cryptocurrency trading is always give people money, they never have the the idea it can also cause loses when people are not with a good understanding. The most important thing newbies needs to get before going in trading is to get knowledge , I think with this trading can be profitable but when people think of making money from trading as the only priority all you can get will always be lose. Learning should be the first step in trading that newbies should never be taking for granted.

[AmoreJaz]

... you could sell at $100k and the market can continue to go up from there and never comes back to actually give a buying opportunity again

There is no need to make a tragedy out of this) If you are satisfied with the profit you have made, then why worry if the price will continue to increase after you have sold BTC for 100 thousand dollars. It's very simple: you made a profit, bought a Lamborghini and wait for the price to drop to buy another batch of Bitcoins.

That is very true. As long as you got profits out of your investment, then, you are already on the winning side. Greediness is the reason why many people are incurring much losses because they feel they did not get what what they want.
As the notion with crypto market is that you will gain high profits at a short period of time, most are getting disappointed if they haven't attained such profits. Do remember, it would take time to achieve such success in trading. It is not given that you will gain a lot when you jump into this market.