Topic: AsidesTrading, What Are Less Risky Methods of making money in crypto(? - page 3. (Read 445 times)
September 12, 2024, 04:56:53 PM
Trading is actually a high risky activity, and we all know that. Most particularly for beginners, they should never rush into trading no matter how well financially prepared they are. At least, consider buying and hodling bitcoin first. The risk is only minimal and if you are doing it with passion and patience, you will certainly succeed in time. DCA is the key. Just enter trading after you have gained good experiences in the market, and trade only when you have acquired already sufficient amount of bitcoin to trade.
September 12, 2024, 04:50:47 PM
Trading can sometimes feel isolating, and while it’s not always difficult, there are frustrating moments. For example, I bought Rune at $5, and it's been retracing for months with no sign of returning to my entry point anytime soon. I guess I’ll just have to hold.
This brings me to the purpose of this thread. To stay active, I’ve got stables in my portfolio and I’m looking for advice. Between launchpools and other low-risk investment options, which is better for retail traders, and what risks are involved?
Trading is for the knowledgeable and risk takers, so it is not an everybody thing if you ask me. Now to investing which is quite less risky than trading and it is the type of trading I actually advice people to go into most especially newbies but this comes with a huge risk if it is Alt-coins you want to trade most people will tell you to stick to top alt coins but I rate them almost the same In terms of risk. The reason why I advise against investing into altcoins is that the dip is always a tricky one, there are majority of them that do not recover from the dip again and even if they do recover to get to a higher point is very difficult for them as many investors might have already lost their interest during its dip. The money used to invest most especially altcoins should be an amount an you can afford to lose, no matter the ranking of the coin on market
September 12, 2024, 03:58:09 PM
Long term investment is the best way to make money in crypto, if you could buy bitcoin and hold then you are going to make a great income, and that's the most important part. I know that it doesn't feel like it's quick enough method but it certainly makes people rich if they do that long term. I think earning is also something that people enjoy these days, could be from airdrops, could be bounties, could be signature campaign income, could be getting paid by some projects to be their moderators, doesn't matter what the job is, people work and earn money in the crypto world as well and that makes a good income.
This is why I like to combine them both, I have a normal job that I make money from and I live with that, and I make money in the crypto world by working and that income goes to long term holding those and eventually that becomes something good for me. I believe it is not going to be that easy to handle it all ,but it is not that impossible neither.
This is why I like to combine them both, I have a normal job that I make money from and I live with that, and I make money in the crypto world by working and that income goes to long term holding those and eventually that becomes something good for me. I believe it is not going to be that easy to handle it all ,but it is not that impossible neither.
September 12, 2024, 03:09:47 PM
Trading can sometimes feel isolating, and while it’s not always difficult, there are frustrating moments. For example, I bought Rune at $5, and it's been retracing for months with no sign of returning to my entry point anytime soon. I guess I’ll just have to hold.
Trading is all about timing the market well, if you can't do that, you will face what you are facing right now. The highest point for RUNE was $11.46 or something and it touched that point on the 13th of March, this year, after that, it started dropping and the lowest point it dropped to was $4.35 or something around that within a month after hitting $11+.
After that drop, it went up to $7.3+ in the next few weeks. Now, if you had bought it when it was around $4.5 or $5 before it went back up to $7+, you could easily exit with some profit at $7 if you weren't to become greedy and think it would go higher and you would get more profit.
Remember, take profit when you have the opportunity. Greed won't let you stay profitable for long when you are in a financial market such as this one.
This brings me to the purpose of this thread. To stay active, I’ve got stables in my portfolio and I’m looking for advice. Between launchpools and other low-risk investment options, which is better for retail traders, and what risks are involved?
Buy Bitcoin and hold, there is a high chance that the price will go above the current all-time high this coming year.
September 12, 2024, 02:55:47 PM
Hi everyone, good day. I noticed BTC is seeing some good price action today, though I’m not sure how sustainable it will be—let’s hope for the best. I’m not really into futures trading as I don’t have the patience for it. I stick to spot trading and airdrop farming.
Trading can sometimes feel isolating, and while it’s not always difficult, there are frustrating moments. For example, I bought Rune at $5, and it's been retracing for months with no sign of returning to my entry point anytime soon. I guess I’ll just have to hold.
This brings me to the purpose of this thread. To stay active, I’ve got stables in my portfolio and I’m looking for advice. Between launchpools and other low-risk investment options, which is better for retail traders, and what risks are involved?
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