A better way to invest in cryptocurrency. - page 7.

uneng

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Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

If you aren't a skilled trader you will be wasting 10-20% of your monthly income by following this strategy. Better to just save money, while training your skills with a low budget until you gain more confidence to risk more money in the market.
Trading can be very difficult, besides the risk, you also have to pay fees to the exchange on every order or to the network when cashing out. Even professional traders can have difficult in a bear market, sometimes it's more advantageous to retreat and to wait the market react to start dealing again.

Vaculin

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Quote from: senyorito123 on May 07, 2019, 09:30:38 AM

Quote from: Cherylstar86 on May 07, 2019, 02:47:05 AM

Quote from: emmybd on May 07, 2019, 02:17:08 AM

In the bear market, it is very difficult to gain profits, so it has been very hard to survive for most of the traders except a few lucky ones. So, it would be better if you take a fixed job and do crypto trading in your spare time.

I think having enough knowledge and experiences is the best way to invest crypto, therefore we can choose on which of the coins are viable to be keep and hold for long term investment as the market has carrying high volatilization. And traders must be aware tge possible consequences for every dliberation has made to gain profits.

Exactly! It takes preparation, the willingness to learn and proper education on how to invest in cryptocurrency. It's best to learn before you invest. Investment is not for weak-hearted. Embrace the reality and be aware that if you are getting into the crypto world, it's best to be prepared for a roller-coaster ride because it is wildly volatile. Be open to challenges and learn from every mistake. Open your vision to learn more. Always remember the basic rule which is never invest more than what you can afford to lose. Profit is not served on a silver platter, it takes time, hardwork, discipline, and knowledge inorder to gain it.

Well said.There's no shortcuts in making profits not just in crypto investments but even to those other forms of investments. Hardwork and perseverance really count the most. And when you are trading, always be patient to wait for the right timing to trade and only trade what you can afford to lose.

Finestream

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Quote from: sammyp on May 07, 2019, 04:47:44 PM

Quote from: HODL2090 on January 29, 2019, 01:50:02 PM

Quote from: avarnet on January 29, 2019, 01:36:58 PM

just trading now is still difficult for us to get profits, because the current market conditions have not changed. so what we have to do is to be able to get that big profit by holding it until the market experiences major changes

Trading is always difficult, and the possibilities of losing is similar in the bearish and bullish markets. Trading is an art which is learnt, to be sure it's still a gamble and everyone loses at a point, with more experience one would profit more times than not, in any market.

I see this difficulty in trading as the main reason why we should continue practicing to master the act of trading in order to cut our loses when the bull run comes. If we become less active because the market is bad, then we are likely not to improve our trading skills.

Right.We should keep on moving forward by trading a lot of times because this will eventually improve our trading skills which will help us to make good profits at the end of the day.Trading might be really hard particularly for newbies but if you have gained enough experience on it,then it will be easy for you to trade and end up making good profits.

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Quote from: FUD Expert on February 03, 2019, 01:49:09 AM

Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

I don't like the idea that they should continue to invest every month because they can just hold their remaining tokens during this winter market. And we aren't still sure that the bulls are coming back in a few years because it can also be extended up to 5 years and so on.

Personally, i have be holding some coins over since 2017 ending where the bull run stopped. I bought some coins when the market price was $19,234 hopping that the market price will go up but it never did, so, i decided to hold my coins till the market get back to where i bought exactly before sale. Hold if you can and sell if you are convince to do.

sammyp

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Quote from: HODL2090 on January 29, 2019, 01:50:02 PM

Quote from: avarnet on January 29, 2019, 01:36:58 PM

just trading now is still difficult for us to get profits, because the current market conditions have not changed. so what we have to do is to be able to get that big profit by holding it until the market experiences major changes

Trading is always difficult, and the possibilities of losing is similar in the bearish and bullish markets. Trading is an art which is learnt, to be sure it's still a gamble and everyone loses at a point, with more experience one would profit more times than not, in any market.

I see this difficulty in trading as the main reason why we should continue practicing to master the act of trading in order to cut our loses when the bull run comes. If we become less active because the market is bad, then we are likely not to improve our trading skills.

senyorito123

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Quote from: Cherylstar86 on May 07, 2019, 02:47:05 AM

Quote from: emmybd on May 07, 2019, 02:17:08 AM

In the bear market, it is very difficult to gain profits, so it has been very hard to survive for most of the traders except a few lucky ones. So, it would be better if you take a fixed job and do crypto trading in your spare time.

I think having enough knowledge and experiences is the best way to invest crypto, therefore we can choose on which of the coins are viable to be keep and hold for long term investment as the market has carrying high volatilization. And traders must be aware tge possible consequences for every dliberation has made to gain profits.

Exactly! It takes preparation, the willingness to learn and proper education on how to invest in cryptocurrency. It's best to learn before you invest. Investment is not for weak-hearted. Embrace the reality and be aware that if you are getting into the crypto world, it's best to be prepared for a roller-coaster ride because it is wildly volatile. Be open to challenges and learn from every mistake. Open your vision to learn more. Always remember the basic rule which is never invest more than what you can afford to lose. Profit is not served on a silver platter, it takes time, hardwork, discipline, and knowledge inorder to gain it.

matej451

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It is possible to trade in bear or bull market you just need to adopt your strategy to the market.

For me it is easier to trade and spot good entry point in bear market. If you made a mistake in the end bull market it will cost you so much more than a mistake in bear market.

Be patient and always follow your strategy not a strategy of someone else who is selling a signals. If someone is selling a signals be sure those signals are not good enough. If they were there will be no point in selling them.

Cherylstar86

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Quote from: emmybd on May 07, 2019, 02:17:08 AM

In the bear market, it is very difficult to gain profits, so it has been very hard to survive for most of the traders except a few lucky ones. So, it would be better if you take a fixed job and do crypto trading in your spare time.

I think having enough knowledge and experiences is the best way to invest crypto, therefore we can choose on which of the coins are viable to be keep and hold for long term investment as the market has carrying high volatilization. And traders must be aware tge possible consequences for every dliberation has made to gain profits.

emmybd

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In the bear market, it is very difficult to gain profits, so it has been very hard to survive for most of the traders except a few lucky ones. So, it would be better if you take a fixed job and do crypto trading in your spare time.

Moiyah

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Your friend had a misconception about day trading. It is not a good decision to exchange your career in some unsure income like trading. You can not treat it as your full time job unless you are very much expert and can dance the volatility of the market. Make it as your part time aside from trading. Stable income+additional income= good profits.

Best Dreams

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Quote from: MuhNofa on February 02, 2019, 09:57:06 AM

yes I agree with you, if we do that we don't have to work very hard to get money when this very bad market situation. because we already have income from our salary that we set aside

This is fact crypto currency is a good way to make money and to use as job even if you are jobless you can use it for making income and to feed your family well, for crypto earners its golden chance as price is not so high but it will be high very soon, just make a goal and focus on it I am surely it will give you good result, if you are not an investor try to save money from your daily earning to invest in future.

kidoseagle0312

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Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

You have a big point on this things mate, especially if you are a beginner in crypto world you should take this as one of your part time job.
Never try to spend all of your money here instantly, even you know a lot here. Because there is no stable income here monthly. Just like what the situation now was we are in bear market where most of the coins are dump in terms of its value. Where the only we can do for now is day trade if you are capable to do it with knowledge requirements for us not to loss our coins easily.

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Quote from: LUCKMCFLY on February 03, 2019, 09:59:44 AM

I have said it and I will always say it, at this moment it is better to trade with bitcoin, because altcoin depends directly or indirectly on bitcoin, of course, there are many altcoin that increase every day to + 40, + 30%, that happens because there are groups pumping and unloading, because if you put them to see those coins have no structure.

There are some altcoins that you can trade and get returned far more than bitcoin. If you invest in bitcoin and your investments double, you can invest the fund in other coins and you may get 1000%. I hardly trade bitcoin because of the return on my investments but I trade bitcoin very well.

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Quote from: LUCKMCFLY on February 03, 2019, 09:59:44 AM

I have said it and I will always say it, at this moment it is better to trade with bitcoin, because altcoin depends directly or indirectly on bitcoin, of course, there are many altcoin that increase every day to + 40, + 30%, that happens because there are groups pumping and unloading, because if you put them to see those coins have no structure.

You do think trading is an easy thing to do just by telling these people to trade Bitcoin because of this and that. At this time I don't think trading is profitable either especially if you see the market falling almost every other week. Accumulate then hold is the best choice when the market is not too profitable because of the bearish market.

Cryptosaja

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Quote from: Suharti12 on February 02, 2019, 08:23:47 PM

if I think you have a lot of capital I suggest you can invest in krypto now, because for us the benefits can also help your family's economic needs. because the price of krypto is still relatively cheap now.

I am one of the people who agrees with your idea, in my opinion, actually now is a good opportunity to buy bitcoin because the price is already below, if you want to invest in altcoin, the price is good to buy and you can choose only 10 top in the coinmarketcap

LUCKMCFLY

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I have said it and I will always say it, at this moment it is better to trade with bitcoin, because altcoin depends directly or indirectly on bitcoin, of course, there are many altcoin that increase every day to + 40, + 30%, that happens because there are groups pumping and unloading, because if you put them to see those coins have no structure.

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DogData

Quote from: FUD Expert on February 03, 2019, 01:49:09 AM

Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

I don't like the idea that they should continue to invest every month because they can just hold their remaining tokens during this winter market. And we aren't still sure that the bulls are coming back in a few years because it can also be extended up to 5 years and so on.

That's right because a good investment is in the long run so getting a big profit is easy, because if we invest every month it's not good because we don't know the coins invested will increase or decrease

JohnBitCo

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Quote from: mersal on February 02, 2019, 05:50:27 PM

Quote from: vixcious on February 02, 2019, 01:25:18 PM

Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

But if you do another job, you won't be able to focus on the crypto market. we will only succeed when we focus on a single job.
instead of having to do other jobs, we can trade everyday to get some money. I think that is the best way to be successful in the crypto market.

doing trading only will be a difficult for all of the traders to get their profit then how can they manage their secondary job also in the meantime but considering trading as a main job is very difficult for anyone in trading we need some other way of income not and secondary job.

Trading is a part time business and it should not be considered as a job in any way. Secondly due to bear market situations we never know how much profit can we make and al times there are no profits for many weeks. So if you have a job or other business you should not quit it for bitcoin trading. Trading can be done easily in part time as it does not require much time.

FUD Expert

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Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

I don't like the idea that they should continue to invest every month because they can just hold their remaining tokens during this winter market. And we aren't still sure that the bulls are coming back in a few years because it can also be extended up to 5 years and so on.

binhvo1505

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Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

That is a good idea. It is for people who don't have much money and need to work harder to earn more bitcoins.
I was one of them. I am currently a university student and I have no capital. I need to work quickly and buy lots of ETH at this price below $ 150. This is my chance to get rich in the future.

Topic: A better way to invest in cryptocurrency. - page 7. (Read 1822 times)