Topic: Finally, i find way into crypto trading - page 4. (Read 898 times)
Welcome aboard OP. You gotta have to learn and keep learning in this space to stay safe. Try as much to keep your funds off exchanges as possible. The experience of losing money to exchanges is never a good one. You need a decentralized non-custodian wallet to be more safer. If you already have one, visit https://atomicwallet.io to download.
There is no 100% probability of winning in the auction. Therefore, I did not rejoice ahead of time. Maybe you will be led throughout the year, and then you will lose everything. Or maybe a blunder in a month. For this, study all the pitfalls, understand the essence, do not act on emotions. Emotions and money have always been enemies, they do not live together.
Trading does require more of your time so you need to be very knowledgeable on the coin you are trading and not just trading only even without prior knowledge about the coins you are going to trade. And since you have no assurance of winning or losing in the end, you have to be very patient because being impatient alone will only make you lose more in the end.
Firstly, I must commend your courage for starting the trading journey. You were able to make over a $100 effortlessly by simply holding bitcoin, it's wise you know that making profits is not always the case. Some persons bought btc at $13,000 and have waited for over 6 months and the value doesn't seem near where they can make profits.
It should be like that. Nobody wants to buy at a high price and sell at a low price. In a way, you can look for opportunities. Better like that. Make use of news to buy bitcoin. Short-term trading is very good for now. To minimize losses.
After months of trying to find ways to trade online i finally took the risk and so far its worth it, I've asked about how to trade on here but no one gives me a straight forward answer and my journey began with trading platforms like IQoption and later Olymptrade, well here is few facts i later unravel
There are many threads here that are connected into trading, For starters, you can use that kind of trading platforms to practice your skill in trading and it is a bit helpful to familiarize and understand the basics of trading. If you got enough experience and techniques on trading you can step up and trade another cryptocurrency that makes you earn more profit than trading BTC/USDT. Gathering experience and building up your foundation when you are a beginner is a must for a trader.
There are many threads here about trading, You can browse Trading Discussions for more related threads.
So far what I've learned is there is no risk of losing your money here
I believed that there's always a big risk on trading, Even though you are trading on BTC/USDT, There is no assurance that you will earn a profit because there is always a bear market. 
There is no 100% probability of winning in the auction. Therefore, I did not rejoice ahead of time. Maybe you will be led throughout the year, and then you will lose everything. Or maybe a blunder in a month. For this, study all the pitfalls, understand the essence, do not act on emotions. Emotions and money have always been enemies, they do not live together.
Trading does require more of your time so you need to be very knowledgeable on the coin you are trading and not just trading only even without prior knowledge about the coins you are going to trade. And since you have no assurance of winning or losing in the end, you have to be very patient because being impatient alone will only make you lose more in the end.
Can you maintain your income? if you can get profits so easily it means you can read market prices, your predictions are sharp, and your analysis is correct. the problem I face in the crypto world is the difficulty of getting the right moment to do buy / sell orders.
yes, I'm personally the same as you mean about the right way to sell and buy it back. it sounds easy to say buy low then sell when prices are high, but in real trading it is quite difficult, even if we neglect it can have adverse effects such as losses, on the other hand that crypto prices are very significant, we must always be vigilant and must monitor Coins that being traded so as not to lose the opportunity to sell.
There is no 100% probability of winning in the auction. Therefore, I did not rejoice ahead of time. Maybe you will be led throughout the year, and then you will lose everything. Or maybe a blunder in a month. For this, study all the pitfalls, understand the essence, do not act on emotions. Emotions and money have always been enemies, they do not live together.
After months of trying to find ways to trade online i finally took the risk and so far its worth it, I've asked about how to trade on here but no one gives me a straight forward answer and my journey began with trading platforms like IQoption and later Olymptrade, well here is few facts i later unravel
I decided to take a risk by using my bitcoin that i locked away in my wallet for few months now to trade on binance and i was able to earned 100$ by just buying low and selling high, between 8300$ per bitcoin and 9200$, this is a good trick for those who don't know how to start trading, use USDT/BTC trading pair
So far what I've learned is there is no risk of losing your money here, you can be stuck with USDT for a while but we know that bitcoin is volatile, the time will come again, forget other platforms and use crypto trading exchanges like binance, kucoin, huobi... Thank you
No there is always a risk buying and selling any crypto even bitcoin. You only say that because you experience a trade in favor on you, if you will experience a high lost and btc and price go much lower than your expecting you will know how risky it is.I decided to take a risk by using my bitcoin that i locked away in my wallet for few months now to trade on binance and i was able to earned 100$ by just buying low and selling high, between 8300$ per bitcoin and 9200$, this is a good trick for those who don't know how to start trading, use USDT/BTC trading pair
So far what I've learned is there is no risk of losing your money here, you can be stuck with USDT for a while but we know that bitcoin is volatile, the time will come again, forget other platforms and use crypto trading exchanges like binance, kucoin, huobi... Thank you
You just lucky that the price of bitcoin increase the day you buy it lower, but as you experience thats how simple crypto trading is.
Trading takes some guts. You're lucky to buy low and sell high be careful not to lose the profit you have gained. Gaining money in cryptocurrency is dependent on the amount you invest, your entry and your exit zone.
I've been trading on BTC/USDT pair on daily basis and it has low risk, reason being that I set my stop limit. I do not just use the usual stop limit option, I use OCO (Order Cancel Order) since I can set my preferred sell order my stop limit and a lower limit in case there is no good volume at the stop limit. Trading is cool if you have stop loss in mind and if you are not greedy.
OP target was 9200 dollars and now bitcoin is way over, i hope you've learned your lesson here, trading is very risky, what if bitcoin keeps surging from here on? You will feel very angry for holding that stable coin when you should be holding bitcoin
After months of trying to find ways to trade online i finally took the risk and so far its worth it, I've asked about how to trade on here but no one gives me a straight forward answer and my journey began with trading platforms like IQoption and later Olymptrade, well here is few facts i later unravel
I decided to take a risk by using my bitcoin that i locked away in my wallet for few months now to trade on binance and i was able to earned 100$ by just buying low and selling high, between 8300$ per bitcoin and 9200$, this is a good trick for those who don't know how to start trading, use USDT/BTC trading pair
So far what I've learned is there is no risk of losing your money here, you can be stuck with USDT for a while but we know that bitcoin is volatile, the time will come again, forget other platforms and use crypto trading exchanges like binance, kucoin, huobi... Thank you
to do a trading strategy by buying bitcoin at a low price and save it and then sell it when bitcoin prices go up it's a simple and not too risky way of course, but when we buy bitcoin it's not certain for example we save in the near future bitcoin then raise the price, but it could suddenly reduce the price, but for example we want to be patient to wait and sell when bitcoin prices rise again above the price when we buy it is certain we will never lose and of course it can actually be able to make a profit, so use whatever method to trade is up to where we want to do that, the important thing is we can get a profit, choosing to trade in binance exchange in my opinion is quite good. I decided to take a risk by using my bitcoin that i locked away in my wallet for few months now to trade on binance and i was able to earned 100$ by just buying low and selling high, between 8300$ per bitcoin and 9200$, this is a good trick for those who don't know how to start trading, use USDT/BTC trading pair
So far what I've learned is there is no risk of losing your money here, you can be stuck with USDT for a while but we know that bitcoin is volatile, the time will come again, forget other platforms and use crypto trading exchanges like binance, kucoin, huobi... Thank you
It is easy to talk about the absence of risks when you catch a bull trend on which everything is quite easy and simple.
Like you said buy low sell high. But if the market catches a bearish trend then what will you do?
There are always risks, those who say the opposite either lie for some reason or simply don’t understand how fundamental market mechanisms work.
Like you said buy low sell high. But if the market catches a bearish trend then what will you do?
There are always risks, those who say the opposite either lie for some reason or simply don’t understand how fundamental market mechanisms work.
You have got profit from it, then it is great. keep moving forward, keep learning as always
youll find the another scenario which make you disappointed. Im sure that youll get lose in the future, bcz that's normal
at that time, your intelligently is tested. you have to learn from your mistake
if not, youll give up with this crypto trading.
youll find the another scenario which make you disappointed. Im sure that youll get lose in the future, bcz that's normal
at that time, your intelligently is tested. you have to learn from your mistake
if not, youll give up with this crypto trading.
Been using USDT/BTC pair, too. And yeah I am gaining enough profits from that pair that usually emphasize the value of btc. Your strategy seems working fine, the market goes on your side because btc pumped feom $8k-$9k. Newbies can really understand the essense of being a trader if they take a risk and do actual tradings. And yeah, that's the basic rule everyone here knew: Buy low and Sell it high.
but every trick requires close attention because when you let your guard down, you will get a loss. So far, I feel that it's best to trade with USDT because that can be a safe point when prices are down. Well, this explains why USDT has a bigger volume than bitcoin. however, that's a good tip for beginners, it's just that, right now people are focusing on increasing the number of their bitcoins, so many people choose altcoin trading over USDT / BTC.
After months of trying to find ways to trade online i finally took the risk and so far its worth it, I've asked about how to trade on here but no one gives me a straight forward answer and my journey began with trading platforms like IQoption and later Olymptrade, well here is few facts i later unravel
I decided to take a risk by using my bitcoin that i locked away in my wallet for few months now to trade on binance and i was able to earned 100$ by just buying low and selling high, between 8300$ per bitcoin and 9200$, this is a good trick for those who don't know how to start trading, use USDT/BTC trading pair
So far what I've learned is there is no risk of losing your money here, you can be stuck with USDT for a while but we know that bitcoin is volatile, the time will come again, forget other platforms and use crypto trading exchanges like binance, kucoin, huobi... Thank you
Your strategy is not that bad for starters as you do it manually and you are not greedy which is good. What you have discover is the basic, buy low and sell high but what I like to your decision is that you trade safer with low risk because you only buy bitcoin which is in top 1 of the rank. I decided to take a risk by using my bitcoin that i locked away in my wallet for few months now to trade on binance and i was able to earned 100$ by just buying low and selling high, between 8300$ per bitcoin and 9200$, this is a good trick for those who don't know how to start trading, use USDT/BTC trading pair
So far what I've learned is there is no risk of losing your money here, you can be stuck with USDT for a while but we know that bitcoin is volatile, the time will come again, forget other platforms and use crypto trading exchanges like binance, kucoin, huobi... Thank you
And now that the market is starting to recover, your first trade became successful and what will be your next move after earning some few bucks from your first trade. That will be your first hurdle and I hope that you can come up with a good idea in order to gain a profit again.
this trick is worked for those guys who have big capital for investing, they also can do arbit rage within exchange to compare price.
but if you are low budget traders, i dont think this trick will give you much profit.
im just trade with old trick that usually people use, that buying altcoin at low and sell it at high, invest on bitcoin need big capital to get big profits
but if you are low budget traders, i dont think this trick will give you much profit.
im just trade with old trick that usually people use, that buying altcoin at low and sell it at high, invest on bitcoin need big capital to get big profits
Congrats to you mate. Not everybody here got the same confidence as you did. Remember that trading ans even you bought it at a high price dont easily lose hope and dont sell it to lower your loss. Only fools would sell at a loss ends.
Trading has so many strategy and the one you mentioned is simply a basic one. Try to engage yourself more on reading patterns and market charts. This is what Ive practicing now so I can be more efficient on trading.
Trading has so many strategy and the one you mentioned is simply a basic one. Try to engage yourself more on reading patterns and market charts. This is what Ive practicing now so I can be more efficient on trading.
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