Topic: Do I need to Trade My Coin - page 2. (Read 467 times)

It's really a very good thing if you can do both of these things simultaneously because you can get profits from trading and holding. Of course you have very good experience in this field so you can do it well.  Yes, I really agree with you, whatever we choose, it would be better if we do it consistently so that we can get satisfactory results from what we have done.

Buy low, Hold, and Sell High = we're making money from this. I know that some people think that trading will give them more profit, yes but that is for those who have deep knowledge about this while many are suffering losses. There is no harm in trying but if we are not sure about it, better just hold and wait for the right time to sell.

We don't need to have a coach/mentor doing it as it was just a simple trade, far different from being a day trader. Besides, there are a lot of resources available online that we can learn from, in fact, I'm doing this and it works.

Investing in bitcoin doesn't need any coach because it is not a sport that you need a coach to bring out the best in you. The only thing that you need is make up your mind that you are going into a long term investment on bitcoin and know the right knowledge on how to keep your bitcoin safe and the right wallet to use. After this, you prepare yourself towards how much you will be using on DCA regularly to increase your bitcoin portfolio. Any other thing can be learnt in the forum or DYOR. Discipline and patience is the key to be a successful hodler. If you trade, there is high possibility that you will lose your coins because trading is similar to gambling, since no one can predict bitcoin price movement accurately.

Trading requires Fundamental and Technical analysis. That's right because this is what we need to be able to enter the market at the right time. However, if you don't know the analysis, you can choose to invest because you don't need to think too deeply about the analysis. You just need to determine when you can buy and store the coins. In general, the coin you use to invest is Bitcoin.

If your coin is Bitcoin, you don't need to trade it but you just need to buy and hold it until the price rises high. But if you want to trade Bitcoin, you must know Fundamental and Technical analysis. People also use altcoins to trade and earn profits, but they need to have analytical skills.

People who trade Bitcoin and altcoins for profit. And many of them analyze it first before deciding to choose an altcoin. And those who invest in altcoins can choose those altcoins to gain profits.

Of course, this is the most appropriate target for anyone, including beginners, to understand what you said above. 'Risk' is a factor that everyone must always consider, if they have entered the crypto market.

You need to be reminded, lately many well-known crypto exchanges are smoothing Altcoins, which means that this is all a bad sign for some Altcoins, for me personally of course I don't play in Altcoins, the risk of losing is very big in the current situation.

My advice, if you want to invest in various types of crypto, if you look at the current market conditions, it's better for you to stop for a while, focus on Bitcoin to get decent results, without having to worry about losing.

Bitcoin is dependable more than altcoins.  So it is not a bit of good advice to hold any coin that is not bitcoin for a long time. Most traders take advantage of the short pump of altcoins to make profit. The best coin to hodl is Bitcoin.

Since only bitcoin is reliable,  it will be ideal to diversify your investment in other sectors like stocks, precious stones, real estate and agriculture.

Get information from certified sources because most media houses are controlled by the anti-Bitcoin government and corporations.  Some of them spread lies and FUD.

Not important but necessary if you find one. You can get valid information from the internet but a mentor can help to simplify learning.

Sometimes they didn't realize on how good trading your coin since some of these people afraid to lose their coins due to unwanted circumstances. All they know is to hold since for them they think that it always go up just like what other people told them. But if they want to maximize their profit then its good for us to trade our coins since from this we can legitimately earn without worrying about getting scam by any criminals around. But this need a lot of experiences since trading is not all about exchanging your coins since this also need proper attention to spot a perfect timing to sell or even buy. Holding is good but sometimes its not really ideal for us to let our money sleep since we are not sure if we can earn that huge multiplication of profit since we are not sure about the projected price of it in future.

I was not using the world 'cryptocurrency ' and ' coin" vaguely. As part of my discipline I do not force my perception on anything relating to finance on people. I do believe people should chat there own course having gotten the essential knowledge. It is true that a lot of people have loss money on shitcoins (Altcoins as I mentioned on the post) and what is also true is that other persons made more money on shitcoins. However it is, I could only advice that you do your research before investing in any Altcoin.   

A person's knowledge about any coin is complete only when he invests in that coin. Investing will give you real experience. When a person invests in a particular coin, he will try to research the market of the coin he has invested in rather than researching the market of other coins, so he will have an idea about that coin. You are right on the first point that you should never rush into investing or trading, and everyone uses this term when thinking about investing.  
Rote knowledge is one thing practical knowledge is another thing. You will be able to better represent this when you invest in a particular coin and when you have investment experience. I personally feel that I will advise to invest in that coin only when I have experience investing in that coin.

If you start a business for the first time, if you are not experienced in that business, it is definitely risky for you. Moreover, we know that investing any money using cryptocurrency is totally risky if you don't have good knowledge about the market. And if you follow the advice of an experienced investor, surely you can succeed and make profit. First of all when you invest in crypto you must be careful about volatility or else you can lose your money. Moreover, if you invest in Alert Coin in crypto, it will be more risky for your money, that's why you need to be absolutely sure about this. Coming to Cryptocurrency if you want to invest for long term then choose Bitcoin it will give you profit in future. Before you start crypto trading you must take an experienced all investor advice so that, you avoid losing money and can profit in the future.

Actually, you can trade your coins with the market volatility that's the essence of the market, if you want your money make continuously earning with the trading every price movement you will make a trade we called those people as scalpers they are living even in the small price movement, if you want to keep your money sleeping and get the price goes up its up to you, by holding your coin but it has difference once you trade and to hold, your profit and loss are more active once you trade possible get double, triple, x20 it depends how you manage the risk.

For sure everyone cannot do the same thing in this space, I'm a trader and I'm a Bitcoin investor/holder too and I'm seeing the positive results doing both because it took me time and dedication to arrive at it, so I'm fine with it.

People can choose to do only Hodl,  trade, or even do both depending on the one that gives you the positive result.
However, the matter is that whichever route you find most suitable for you to successfully get to your destination don't hesitate to use it, in the end, the goal is to become successful in this space.

While it's true that trading bots can encounter technical issues and struggle to adapt to market changes, additionally, subscribing to one could expose you to the risk of fraud. Many scammers exploit these tools to deceive traders, particularly those who are new and inexperienced. Despite the potential utility of these tools, it's essential not to place complete reliance on them; instead, consider them merely as tools in your trading toolkit.

It's kind of funny, but it definitely matches my personal experience.

Well how can a diversification on crypto works if youll not pick up another coins aside from bitcoin. Surely we are talking about crypto here when OP mentioned that word and how can you imply a bad results for altcoin as alternative for real estate and other bonds when the price now is really low and its a good chance to get some potential to add up on our portfolio? Well my opinion is seize the moment and get some really good coins while it still low. Thats how you capitalize on a bear situation just like the old bear market. Of course the choosing is depend on someone caliber and research skills which one gonna explode.

Whether you like it or not, you must know trading in the future unless you keep holding and have no plan to sell them. Because even if it was just simply buying low and selling high, still we must know simple trading.

And asking the question of whether we have to trade our coin or not. Perhaps, you need it because that is the only way to earn money from here. That is why never invest in crypto if you don't have knowledge about trading. Many people make mistakes about this as it must because nobody will buy your coin if you don't trade them either.

In as much as I agree with you on the point of diversification, it is nice one do not carry their eggs in one basket. Diversifying your investment keeps you safe from unforseen circumstances which likely might occur and if that happens, your investments are protected because you diversified.

Investment is a personal decision so if one must invest one must have made up his or her mind on the particular asset(s) they want to buy and another is trading of the assets. As a Crypto enthusiast, although it is not necessary you must be a trader, but it is necessary having knowledge a bit on trading so as to guide you while holding if you resolve to doing that for a long time. In as much as Crypto market is volatile, it is advised to trade with funds you can afford to lose or better still you hodle and avoid trading if you have no knowledge trading.

 
Once you are in a learning environment, you know what brought you there, and you are not expected to depend on someone to come and coach you all the time, so you are the one to tighten up your belt and learn what brought you there, just like in this forum. Now, when you are serious, it’s very easy to learn here, as we have many threads that will help you out on everything you want to know about. When you don’t understand, you will now ask questions so you can see that you don’t necessarily need a mentor when you want.

However, some of us got introduced to this forum without someone coaching us or any mentor, and we learn by ourselves by going through threads that suit what we want to learn, so OP You can also do the same if you are really ready to learn. Waiting for a mentor or coach may waste or delay your learning. Here, we have millions of users who have knowledge about everything you want to know. Some just ask questions about everything you don’t understand.

It doesn't mean that the market is highly volatile its better for us to hold. Their are some scenarios that we really need to let go our holdings especially if this one is nor performing very well for so many months or it take years. We need to do some good decision with that to get high chance to recover back or gain something.

Other altcoins which has low cap or totally got drop badly is one of perfect example for something that not good to hold since trading them always is best decision to create to make sure that we are bullish for gaining profit and will not get scam if the devs flew away and take the money of their traders.

When you're in a hurry to multiply your coins you become an easy target for scammers that promise to double your coins when you deposit into a specific address they provide. Your Bitcoin gets values from hodling so that should be what you should be doing. Diversifying your portfolio can be done by trading other financial market, if you have the knowledge and experience, you can put it to use by trading forex but make your investment in Bitcoin as a long term investment through Hodling. Don't get deceive by what the influencers tell you that trading is the fastest way to make money from Bitcoin, trading puts you at a point that can make you lose money faster. You don't need to trade your Bitcoin to make profit, you make profits from capital gains that you get when you hold until your target is reached and then you sell. When you don't trade, you don't exposed yourself to the volatility of the market and other side effects that trading has to your health like having visual problems.


The industry is very young and most people that call themselves experts and mentors aren't what they claim to be online but are just a random dude that has lots of following and decide to be a coach because he knows we have alot of confused people online that will believe anything they see, don't be one of those people. Investing in cryptocurency can be done from the comfort of your house without any mentor as all the information you'll need to invest in the market is available online. Avoid those paid channels asking you to give them money for them to coach you, they'll just be shilling you token they're been paid to influence so try to learn things on your own and Invest in Bitcoin.

If it is an altcoin, you can trade to get a profit from the price difference because the altcoin movement is quite good.
But if it is bitcoin, you can trade and increase the amount of bitcoin and keep it for the long term.
But to accumulate altcoins, you have to really look for altcoins that can increase in price in the future because not all altcoins can increase in price.
Only altcoins with a clear vision and mission and a team that works hard to develop the project can become one of the coins that can provide profits in the future.
To trade these coins, you have good skills to find the right coin because not all coins have good movements.
So you have to be careful in analyzing every coin on the market.