Topic: How cryptocurrency trading have helped the youth. - page 8. (Read 888 times)

Nowadays, cryptocurrencies have been popularly spreading in the world.
many people are interested in crypto in order to get profits as soon as possible. They're trying trading and also investing.
And yes, trading is very popular among, not only for the old users but also newcomers. But, many newcomers do not really understand the basics of trading and only follow each other. this is one of the problems faced and make money newcomers lose their money easily. they may also not consider about the risks, they only focus on profits. That is why many or some of them are disapointed.

Yes, it was definitely misleading that's why I had to point it out so new members who want to get involved in trading wouldn't think it's that easy to start trading and even going as far as being a profitable trader. In my country, there's a general assumption that everyone involved in crypto or trading any markets (crypto stocks, forex) are very rich and successful but that's definitely far from that case.

All the young people who have lost their jobs due to the
।n Corona epidemic will be able to support themselves and their families with the help of online cryptocurrency. They can also make money by making long-term or short-term investments.

Well possible this will mislead most newbies who will read this, trading is not just easy to make money, there are too many factors to consider before we say that you are a good trader or even you are a good trader --there is a chance that you will lose against the market. I have a few friends who have to do in trading scalping, day trader, or even long-time trader. But all of them have said, it is all about your luck even though you have skills and knowledge you can predict to the right one because the market is too volatile. Therefore as I can see, most youth as of now are afraid to trade and they prepare to invest and hold for a long term.

When you're not doing good, it's better to take some rest and wait until you become ready again on it.

And the youth today got more opportunities like trading in cryptocurrencies, a few years ago and during our youth, there's not that much opportunity that we can choose online so you guys are lucky if you cultivate your trading skills.

Well technically, "IF" you are aiming for a higher return once must have enough money to play with.

I beg to disagree about Trading crypto is easy. As we all see, Crypto trading is complex. From transferring/depositing Fiat to Digital Wallet, the digital wallet to converting or trading the Crypto you wish to trade, and trade crypto to crypto. It's too complex to be honest, especially by just studying which platforms and wallets you are going to use is time-consuming already, a much needed time and effort should be invested when one is trying out trading in crypto.

In addition to the small capital, most probably you still be needing to spend a thousand dollars to make something out of it. Well, a small or big investment is still an investment the only difference is the revenue.

I really appreciate how you describe it in detail. For me, it's simple, young people are more independent and no longer rely on difficult jobs during the pandemic restrictions that finally made workers terminated en masse. Cryptocurrencies offer income that they must study, of course, they don't just invest. Perform treatment and identify until you find your match point with crypto.

That way you will enjoy it more every time. Learn to trade, get to know the investment world, exchange ideas about crypto assets, find new methods and everything that is supportive of future benefits.

The problem is only one, don't rush the process, there's no need to catch up in the investment world, everything has its time and maybe young people today are not as complicated as us when exploring crypto information just for the sake of one choice.

Trading is too laborious. After a few years of coming to cryptocurrency, I feel that instead of saying that I am mature, it is better to say that I am getting old.
Both the body and the mind have been greatly exercised,
I basically do trading once a week because I have suffered a lot from frequent trading.

I just wanted to point out the fact that trading cryptocurrencies isn't an "easy" skill to learn. It's one skill that takes an incredible amount of grit, effort and determination to get skilled in and that's why only a small percentage of traders are profitable traders. Just buying coins off exchanges doesn't equate to trading. I think that's inclined to investing rather than trading. But it ultimately depends on the time period ~ long or short term.

The issue is that the activity of trading itself is incredibly easy to understand since it is something that it happens at every single level at the economy, you buy something for a cheap price and then you sell it for a higher price, however things are not so simple when it comes to actually earning money with trading, trading is one of the most difficult activities that you can undertake and by the time newbies realize this fact they have made too many mistakes, which most of the time it means money lost that they could have avoided losing if they took trading with the seriousness and discipline needed from the very beginning.

If you can do cryptocurrency trading then you can earn money in a short time. I entered cryptocurrency a long time ago. However I am currently trading cryptocurrency trading platform I'm going. However, sometimes I lose a lot of tie loss and then it is not possible to recover by trading again. I think cryptocurrency platforms are suitable for young people but need to be sufficiently familiar.And you have to do market analysis but you don't need a trading horse if you can't do all these things because you will fall into a lot of big losses later.

I agree with some of your points but I don't really believe you need a big capital before you can start trading because when I started it was with little amount and I was able to grow the money. And I won't even advise any newbies to invest hug amount in Cryptocurrency for a start.

You make it sound so easy and tempting that any beginner or newbie will quickly create a short mental timeframe in his or her mind for them to make this money from cryptocurrency trading that you are talking about.

To really make money from trading, a good capital is very important and a good technical knowledge is importanter (Permit me to say,lol).


Yes, but the technical part is knowing which to buy, when to buy it, when to hodl and when to sell because you may spread your capital and buy a coin, and you may have to wait for a year or more for it to rise (a bad investment if you are a short term trader). Or you may experience some other situations old traders have faced. So crypto trading is not just about buying random coins, there is an analysis aspect that newbies need to told about.

Actually I'm not a beginner on this industry but yes until now i used to day trade and scalping in order makes profits in just a sjort period of time.. Wherein for me it's reliable because you know despite of the situation it's very skeptic to rely in the market which mostly what happened is manipulation when market skyrocketed . So for me much better to scalping and day trade to prevent being stuck and to make quick profits instead.. That's a good decision to men to be honest..

A good post to talk about, as i'm a teenager also and as you talked about the youth traders in this post, so let's discuss about myself. Before trading i didn't have that much money, as i started with a small capital and invested in the crypto. At least after trading for 2 years. Now i'm able to bought the things i want for myself without any hesitation. And one more thing due to the advancement of technology everyone knows now about the cryptocurrency which i thought is a good step.

Since last year, when the Corona virus was deemed a fatal virus, all countries across the world was put on lockdown, affecting practically every country's economy and causing thousands of people to lose their jobs or governments around the world to shut down. Currently, most countries, particularly the youth, are experiencing high levels of unemployment.
Cryptocurrencies have been one of the methods that teenagers have used to combat unemployment in most of the nations where they live. Since the Covid 19 pandemic began, which resulted in the loss of jobs, many small businesses have closed because they can no longer afford to operate, affecting a large number of people. In most nations, youth have turned to cryptocurrencies trading to generate money, which has aided in the fight against unemployment because they earn money from it and are surviving.
There are a variety of ways to generate money from cryptocurrency trading from the comfort of your own home using your smartphone or laptop and the internet.

Trading cryptocurrencies: Trading cryptocurrencies is one of the most popular ways to make money on internet. It is the process of purchasing and selling coins, such as when the price is low and waiting for the price to rise before selling. Binance, kucoin, hotbit, coinbase, and eToro are just a few of the cryptocurrency exchanges where you can trade.
And you may trade a variety of coins on these exchanges, including Bitcoin, Ethereum, Binance Coin, Litecoin, Cardano, Ripple, and Chainlink, and many more.
There are numerous exchanges and coins with which you can trade, as well as various patterns or methods for trading cryptocurrency, which include the following:

1. Position trading: This is a long-term investment strategy that entails purchasing a coin and keeping it in your wallet for at least a year. Position traders aren't interested in minor price fluctuations, and they don't monitor their trades as frequently as other traders do because they are holding for the long run.
2. Swing trading: swing trading differs from other types of trading in that it involves holding a position or a coin for days or weeks which is also called short/medium, as opposed to day traders who hold positions for less than a day. This type of trading is primarily for those who have a full-time work and wish to trade whenever they want.
3. Day trading: Day trading differs from scalping in that it entails holding a coin position for less than a day you don't have to sleep with it. If you are a day trader, you can buy a coin in the morning and sell it at night, but you won't keep the coin in your wallet overnight.
4: scalping: I assume this is short-term trading, which entails purchasing a coin and selling it for a small profit within seconds or minutes before entering another trade. You find out at the end of the day that you've made a lot of money since you've sclapped different coins so many times, and it's done on coins with a lot of volume and requires a lot of speed and accuracy. If you are into scalping it involves constant checking of trade chat.