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Topic: Essential one to new traders in Crypto currency - page 3. (Read 273 times)

legendary
Activity: 1582
Merit: 1284
I respect your advice, but then it is misleading, and let's start from number 5. The high market volatility means that liquidity can pump and disappear in a short time, so it is the wrong time to invest because it is the end of the wave, and then you will only find yourself on the beach and not in the middle of the sea, meaning that it is a period of money withdrawal and not pumping it.


1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.

Here is spot trading and futures trading, and therefore the same options. On the contrary, making profits in the cryptocurrency market is fast because trading is not stopped on the currency, as is done in stocks that rise or fall by more than 20%.

2.You have to learn trading by using a little amount of dollars in practical experience.You should not consider such money as loss.After you learn trading,you can earn 10-20x of the loss money.

Only invest in money that you do not need or that you are not afraid of losing.

3.Stock market will give you profit lesser as compared to crypto currency.You can earn 10-30x of investments by investing on potential crypto currency.You should ready to hold till the expected profit had gained into your wallet.
This is true, but it comes with greater risks.
copper member
Activity: 1988
Merit: 905
Part of AOBT - English Translator to Indonesia
In my opinion, all market is the same there is a moment when you gain and also there is a moment you lose, no matter if you newbie or a pro. The only different is our personal technique to tackle the market. Like money management, trading indicators, and so on.

But in the case here some new trader is lack of knowledge so they end up losing and leaving the market. whereas to become pro trader we need time to gain more knowledge and testing many things and lose sometimes

legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
Not sure if these advices are useful at all simply because it doesn't apply to all coins/tokens. With most coins/tokens the best strategy is to get out quickly after a certain amount of percentage increase; the holding for long periods part is mostly only with bitcoin and a select few altcoins.
It starts with how people do their research, analysis and decide to begin trading with a coin / token. Their initial reason and plan to start trading will decide how long they will be ready to let their position opens and their capital will still be safe.

If they have no plan at all, they are gambling and they can try to let their position opens with hope to get profit. In fact they don't have plan to close their position and exit the market just to protect their initial capital. That will lead to serious loss if market goes bad enough.
mk4
legendary
Activity: 2786
Merit: 3845
Paldo.io 🤖
Not sure if these advices are useful at all simply because it doesn't apply to all coins/tokens. With most coins/tokens the best strategy is to get out quickly after a certain amount of percentage increase; the holding for long periods part is mostly only with bitcoin and a select few altcoins.
hero member
Activity: 784
Merit: 672
Top Crypto Casino
You are absolutely right many newbies leave the crypto market after losing their capital in bear markets. They don't have proper knowledge about crypto trading and start crypto trading without getting the necessary skills that a trader must have.

I agree that crypto is way more volatile than stock market, and in crypto market any bear run could impact the price of a coin way more than 20-40% in a few days. Many pump and dump coins lose more than 99% of their value in such bear markets.

Buying at right time and holding for a long time is the only working way to earn in crypto market for new traders. Experienced traders can earn from crypto market in bear markets as well, and the earnings from crypto market are way higher than any other market. There is no luck in crypto world, only those traders win who can control their emotions, and do everything with proper planning.
copper member
Activity: 2030
Merit: 1788
฿itcoin for all, All for ฿itcoin.
1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.
I think you are mistaken here. If there is anything true, it's actually the opposite. Cryptocurrency markets are more volatile and therefore one can make a higher ROI in a short period of time as compared to stocks where they may have to wait longer.

For example, Bitcoin moved from $16K later last year to about 31K recently, and it's not even a bull run. How many stocks can make such a move in just a few months?
hero member
Activity: 2170
Merit: 553
Vave.com - Crypto Casino
Every day some people get into the crypto currency trading.They come to know about cryptocurrency from their friends or relatives.They start trading with some capital and when the bear market comes,their balance will be reduced some value.After seeing a small loss,they will cash out the money and fly from crypto currency trading.The following steps will help such new people to avoid loss from the crypto currency trading.

1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.

2.You have to learn trading by using a little amount of dollars in practical experience.You should not consider such money as loss.After you learn trading,you can earn 10-20x of the loss money.

3.Stock market will give you profit lesser as compared to crypto currency.You can earn 10-30x of investments by investing on potential crypto currency.You should ready to hold till the expected profit had gained into your wallet.

4.Holding for longer period with some patience is most essential one in crypto currency trading.Because the market flow is purely based on the demand and investment to the cryptocurrency.It may vary on every quarter of the year,mostly it started to increase after the first quarter.Mostly after the month of April in every year.

5.When the market volatility is high,the market flow will be maximum.You can get profit at any point of the market flow.If you are ready to hold for the longer period,the profit would be maximum then you had expected from your investment.
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