Trading is using cold money, unused money, not debt money.
if that happens trading is not calm and always thinking is not too focused, even though trading crypto currency that is the main depth of capital is calm when it goes down because it is just waiting for the time to go up.
because every 4 years there is a moment of halving with halving the momentum of the bitcoin price going up will be very high, because the demand to buy is very high and think the same as the halving will go up.
so the function of cold money is so that you can hold long term when the price drops, and a lot of capital can be used for the DCA strategy.
Topic: Anyone can succeed as a bitcoin trader - page 6. (Read 642 times)
Hmm. I'm not sure about that. Some people are definitely ain't fit for trading that's why they quit e.g. huge loss due to poor practice, terrible anxiety, lack of time, too gullible, you name it. In addition, the sad reality is, simply working hard does not necessarily mean you'll get the result you wanted. This does not only apply to trading though but in general.
Being positive is perfectly fine but too much of it ain't good. In life, it's also important to know when to quit otherwise it could bring more harm to you. On the bright side, trading isn't the only path, some have found comfort in long term hodling 😌 -- in hodling, we trust! lol
Being positive is perfectly fine but too much of it ain't good. In life, it's also important to know when to quit otherwise it could bring more harm to you. On the bright side, trading isn't the only path, some have found comfort in long term hodling 😌 -- in hodling, we trust! lol
Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances. That's true trading bears such risk but that should not stop you from trying. In as much as there are successful traders you too can be successful in trading. It all starts with your passion, it has been made known by Napoleon Hill a popular writer, famous for the book think and grow rich, that desire is the starting point of all success.
Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.
Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin. Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.
Merry Christmas 🎅 🎄 to you all.
Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.
Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin. Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.
Merry Christmas 🎅 🎄 to you all.
The bitcoin trader who was in the market since 2015-16 was the successful finisher at the 2017 bull run.But some of the trader become more aggressive in the trading after the 2021,even though the price was fluctuating many time since the beginning of the 2018,many people try to hold their coin for the 2021 halves.Now the same bitcoin trader holding to bag full of the money can be achieved by the 2024 holding.Because some people get into the market in the value of bitcoin at 68k.Such traders doesn't have any other options other then holding their valuable bitcoin.The trader who had faith can hold their coin since the the next year for the better results in the holding bitcoin to give more money by just holding.
...Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion...
This is all just theory, but in practice everything is completely different. And there are a very large number of traders who, after many years of unprofitable trading, decide to change their role to an investor. And for many, this is the right decision that allows you to earn a lot of money with minimal risk, which is still present when investing.
Anyone can trade but not anyone can be a successful trader. A lot desire to trade due to its high promising profits but end up seeing them investing in the market since the offers are equal and yet it's less risky and less stressful.
I suspect that people who are interested in crypto academies are newbies eager to learn, rather than traders.
All learners of a thing are actually newbies to it, an established trader wouldn’t be going there except as a tutor.
Quote
Yes. But that still doesn't prove that there are more bitcoin traders than bitcoin holders.
Definitely the difference is clear, I was just pointing it out that traders too aren’t that little in number, in fact there are quite number of holders who also trade daily. They have some coins in holding as back up in case they lose out on trading they can bounce back to something
What statistics? I don't think that's right. To most people Bitcoin's a long play, not a quick flip. Sure, some traders might be making bank from all the volatility. But those day traders are the minority, imho.
Traders in my opinion are currently large in number and you can easily see this with the new update of people opening crypto academy where they teach others about crypto.
I suspect that people who are interested in crypto academies are newbies eager to learn, rather than traders.
The most hardest part in trading is learning the Technical Analysis, those with this knowledge are traders that earn even a little daily by placing trades mostly on Alticoins because of their volatility.
Yes. But that still doesn't prove that there are more bitcoin traders than bitcoin holders.
Anyone can trade but not all of them will be successful in trading. Some will still be profitable while other fall into committing losses. And that's the reality in trading, it's hard to win, yet it's easy to lose. That's why a lot have decide to leave gambling but focus on long term hodling. Investing alone brings less risks and less chances to be at loss, compared in trading where you will spend most of your time analyzing and trading in the market, and yet you're still not 100% sure that all will ends well.
Just like in investment, in trading some have gone too far and succeeded, some have also quit and diverted their interest to other stuff. I could say that a trading carrier can't be forever, there is also a time to retire from doing this especially if you're not profitable anymore.
Honestly, trading is stressful, I know we can't live that way forever. Yes, some chose to become an investor just to stay in the crypto market and keep their coin. In fact, I'm doing this in real life and many others are doing the same granting that investing is less stressful and more profitable long term.
Honestly, trading is stressful, I know we can't live that way forever. Yes, some chose to become an investor just to stay in the crypto market and keep their coin. In fact, I'm doing this in real life and many others are doing the same granting that investing is less stressful and more profitable long term.
What statistics? I don't think that's right. To most people Bitcoin's a long play, not a quick flip. Sure, some traders might be making bank from all the volatility. But those day traders are the minority, imho.
Traders in my opinion are currently large in number and you can easily see this with the new update of people opening crypto academy where they teach others about crypto. The most hardest part in trading is learning the Technical Analysis, those with this knowledge are traders that earn even a little daily by placing trades mostly on Alticoins because of their volatility.
The reason many traders actually fail in trading can be traced to greed which forces them to either use a very high capital or high leverage.
Knowing how to trade would only get you that far, but not j to the realm of successful traders..
Your comment there seemed contradictory. How can someone who knows how to trade not be classified as being a successful trader?Quote
Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge.
This is likened to being theoritical than practical. Anyone here who knows their worth on things concerning Bitcoin shouldn't fold their arms and not hodl Bitcoin. They shouldn't sing without dancing. Have the knowledge and put it to use. There are many here who are guilty of this. They like to sound knowing but are too scared to taste what they preach. Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin.
What statistics? I don't think that's right. To most people Bitcoin's a long play, not a quick flip. Sure, some traders might be making bank from all the volatility. But those day traders are the minority, imho.
Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances. That's true trading bears such risk but that should not stop you from trying. In as much as there are successful traders you too can be successful in trading. It all starts with your passion, it has been made known by Napoleon Hill a popular writer, famous for the book think and grow rich, that desire is the starting point of all success.
Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.
Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin. Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.
Merry Christmas 🎅 🎄 to you all.
Success is something that everyone is really that targeting on on which it would really be just that normal that we would really be thriving or doing our very best when it comes to this situation and doing things on what are the ways on how to make ourselves that financially free or having that better status than we do have before. It is really just that normal that people would really be having those challenges and even those failures Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.
Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin. Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.
Merry Christmas 🎅 🎄 to you all.
because we know that there are things which cant really be that be able for us to handle it out no matter how hard we do try. Yes, its better not to give up easily but there are really times or moments on which
quitting or stopping would be a wise decision because there are indeed things that it isnt really meant for us.
If you do see that you do have some progress when you do make out some trades then it would be just fine but if you are really that making huge losses despite of a long time trader
and you have done everything you've got but still ended up on a failure then it would be better to have those reconsiderations on which it would
be just that normal to have that kind of act.
Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances. That's true trading bears such risk but that should not stop you from trying. In as much as there are successful traders you too can be successful in trading. It all starts with your passion, it has been made known by Napoleon Hill a popular writer, famous for the book think and grow rich, that desire is the starting point of all success.
Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.
Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin. Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.
Merry Christmas 🎅 🎄 to you all.
I disagree, anyone can have the desire to become a trader but those that succeed are a very small minority that did everything they could in order to reach that goal, and this is not a thing that anyone can do, as it is easy to dream about all of what you would do in the case you became a successful trader, but very few people dream of the sleepless nights, the anxiety and the long hours in front of a screen that are necessary to reach that level of success. Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.
Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin. Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.
Merry Christmas 🎅 🎄 to you all.
~snip~
The reality is that there are more traders that are being rekt than investors. This is the reality that many have to understand and that's why there are more investors than traders. I agree that no one should stop if they think that they're a profitable trader whether they're a newbie or not. But if the results don't go according to your plan which is always the situation that we're having, it's hard to get on track again when you've lost a lot already before you realize that trading isn't for you.Merry Christmas 🎅 🎄 to you all.
Merry Christmas to you too. 
Some may succeed and some may not and that is the reality because not everyone can be a winner here or else the market will not move that much.
It takes time to be a good trader, the stress can consume you but the reward is huge once you are able to survive that early phase of being a trader.
Just continue to be more professional and keep learning, also set your goal realistically so you won't be stress if you are not able to achieve it.
It takes time to be a good trader, the stress can consume you but the reward is huge once you are able to survive that early phase of being a trader.
Just continue to be more professional and keep learning, also set your goal realistically so you won't be stress if you are not able to achieve it.
In traders, of course, there are times when we make a profit and there are times when we lose, and this happens to all traders, both beginners and professionals, so we need to learn from experience so we can minimize our losses, and of course traders need patience.
Managing stress well will bring us success in trading. This can be seen from professional traders. They can all be successful traders because they can manage stress well so that regardless of market conditions, they remain calm and don't panic. So in essence anyone can be successful as a trader as long as he is willing to continue learning and continue to learn from experience.
Trading does have risks. That is why, before we trade, we must learn about trading as much as possible. We have to understand how to trade well by studying analysis and how to analyze the market. By knowing how to trade, we have the opportunity to make a profit.
And if we can improve our analytical skills, our opportunities to generate more profits will be wide open. But it all requires effort and smart work, which is also needed before we really master it. And we also have to be patient in learning to trade because nothing is instant in learning something.
Everyone can be successful in trading. But it depends on how willing they are to spend their time learning more about trading. There are still many things we need to learn to become a pro trader, including not being greedy in taking profits, being able to determine the amount of capital for trading and others.
And if we can improve our analytical skills, our opportunities to generate more profits will be wide open. But it all requires effort and smart work, which is also needed before we really master it. And we also have to be patient in learning to trade because nothing is instant in learning something.
Everyone can be successful in trading. But it depends on how willing they are to spend their time learning more about trading. There are still many things we need to learn to become a pro trader, including not being greedy in taking profits, being able to determine the amount of capital for trading and others.
The volatile nature of bitcoin has put traders in high risk and that is because bitcoin best way to take profit is to invest in a long term so that you can reduce the risk involved in bitcoin. Trading is very complex and it takes a very long time for one to learn deep in trading, the problem is that traders are only after a short term profit because the think that bitcoin is a get rich quick scheme. This makes it impossible for them to have the patience of learning it with time because they are after 1/2-1yr profit and tgt time is not enough for one to understand the market.
One major feature of trading is loss, about 90% of traders run at loss, because most of them don't know their left from their right in trading but they are doing it base on greed. Even professional traders run at loss. Hodlers don't need much skills to be successful as long as they have made up their mind, take action and constant DCA will take you to whatever height that you want your bitcoin stash to reach based on your income.
One major feature of trading is loss, about 90% of traders run at loss, because most of them don't know their left from their right in trading but they are doing it base on greed. Even professional traders run at loss. Hodlers don't need much skills to be successful as long as they have made up their mind, take action and constant DCA will take you to whatever height that you want your bitcoin stash to reach based on your income.
Trading is about mindset as well as technique. Napoleon Hill was right: desire is the key to success. The journey is nuanced, right? A trader's journey is full of roses and thorns, and each step teaches something. Persistence, as you said, is vital. Let's dive deeper. The goal is to evolve, not merely survive. Win or lose, each deal shapes our thinking. The market is dynamic and tough. We adapt how? How do we grow? These questions guide traders.
Your insight on Bitcoin traders is intriguing. Short-term gains are tempting, but there's more. Trading involves identifying market undercurrents as well as riding volatility. What drives markets? What impacts shifts? These questions require knowledge, analysis, and attention to detail, not enthusiasm. Trading is an ongoing education. Excellent or poor, every experience leads to mastery. The aim? To be wise and successful. Knowing both 'how' and 'why' Wouldn't that define true trading acumen?
Your insight on Bitcoin traders is intriguing. Short-term gains are tempting, but there's more. Trading involves identifying market undercurrents as well as riding volatility. What drives markets? What impacts shifts? These questions require knowledge, analysis, and attention to detail, not enthusiasm. Trading is an ongoing education. Excellent or poor, every experience leads to mastery. The aim? To be wise and successful. Knowing both 'how' and 'why' Wouldn't that define true trading acumen?
Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances. That's true trading bears such risk but that should not stop you from trying. In as much as there are successful traders you too can be successful in trading. It all starts with your passion, it has been made known by Napoleon Hill a popular writer, famous for the book think and grow rich, that desire is the starting point of all success.
Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.
Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin. Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.
Merry Christmas 🎅 🎄 to you all.
Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.
Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin. Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.
Merry Christmas 🎅 🎄 to you all.
Those losses will only happen if the trader doesn't have enough knowledge to deal with different market condition or they are lacking with experience that's why they experience the worst on their trading career.
Then I find it normal since losing some amount is not surprising because it will happen especially if we are not careful enough to deal with risk and we only have these risk taker mindset where we are not so careful every decision we do.
But for sure once people or a potential trader will be in focus on their trade and try many ways to learn a lot of knowledge about trading for sure in long run for doing all of those efforts also with experiences they gather for sure they would have high chance to become a successful trader.
Some may succeed and some may not and that is the reality because not everyone can be a winner here or else the market will not move that much.
It takes time to be a good trader, the stress can consume you but the reward is huge once you are able to survive that early phase of being a trader.
Just continue to be more professional and keep learning, also set your goal realistically so you won't be stress if you are not able to achieve it.
It takes time to be a good trader, the stress can consume you but the reward is huge once you are able to survive that early phase of being a trader.
Just continue to be more professional and keep learning, also set your goal realistically so you won't be stress if you are not able to achieve it.
Jump to: