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Topic: How about trading like a PRO crypto currency trader? - page 3. (Read 1456 times)

full member
Activity: 325
Merit: 101
Thats acutally sounds like the same platform as 1broker type and in my opinion people always ends up loosing following these pro traders like sheep.
what they do is make an announcement which make a sudden increase in the coins price and they buy at low sell at high people who  follows ends up getting loss some get at the right movement at get some profit but not efficient profit that the one announcing the coin makes.
legendary
Activity: 3108
Merit: 2177
Playgram - The Telegram Casino
Maybe for BTC and possibly ETH, but for most other alt coins the volume is too lacking for meaningful social trading. If you mix crypto-currencies with copy-trading, you're ending up with pump-and-dump schemes more often than not. Also compared to traditional financial markets the entry barrier for active trading is much lower, so asset managers are not as important as in the traditional financial markets.

Now I'm not saying that you won't find people that are interested in such a project. I'm sure there are. But in my opinion the market is not yet mature enough.
sr. member
Activity: 1274
Merit: 263
that sounds like a dream mate,absolutely like a dream.
it's like you know how to multiple your Bitcoin and you're very good at it and then will you tell them how it works ?
and will you do that for other people ?
absolutely not right ? you can do it for yourself and gain a lot of money from it,why would you share it to them ?
other than that even if you are really do that in the future,what will other people think about your offer ?

that's an analogy for it,
and lets talk about 'PRO' in my dictionary,
as far as i know,an expert will talk less and do more.they will never tell you how to do it and how can they read the market.
it's very risky to follow their trading style because everybody have their own capacity from financial,time and else.
your target and their target are different and i am sure you will get nothing from it.
i want become a part of trader community but a part of that kind of 'pro',i do not want.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
If I was a "pro" trader I honestly would keep all my trade information to myself. There's only one reason to publicize your trades, and that's to pump a certain coin. I personally wouldn't want that unless I'm planning to pump and dump, since if I were to pump a coin I'd expect people to just sell after that certain coin reaches a certain pricepoint. I'd prefer a coin to sort of "naturally" increase in price, without using any hype whatsoever.
legendary
Activity: 2114
Merit: 1293
There is trouble abrewing
there are two huge issues with this type of things.
1. following others like a sheep and not understanding where they are going which you also follow, is not a good idea ever in anything not just in trading. you have to understand what you are doing, what they are doing so you can just see, take notes and bend their strategy to your own understanding and follow your own path.
tradingview is already a good platform that many share their views.

2. in my experience nobody really shares anything that is really valuable. and whenever "follow other traders" is involved you see their goals for sharing is to pump something so they can dump it on you.
member
Activity: 65
Merit: 10
Bringing copy-trading to the cryptocurrency market
Dear BTT community,

Imagine a venue where you could follow top crypto currency traders from around the world and profit together with them. You would be able to see previous performance of each separate trader, evaluate risk ratios and read reviews. Everything would be transparent and intuitive. Instead of analyzing the markets, you would have an easy job of analyzing the performance of real asset managers, and "hire" the one matching your risk appetite and profit goals.
You would literally have a place with combined wisdom and experience of hundreds of professional crypto currency traders at your disposal.
Hows' that sound? Would you be interested in becoming a part of such community?


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