He's a stock trader and investor and that's why he's fond and got used of the market's volatility there. So, it isn't surprising that he like the volatility and he's no longer a newbie.
The skills that he has in stocks can be applied in investing and trading in bitcoin. Congratulations to the both of you and for sure your uncle will be happy in the near future once he starts to see those big gains that he should have.
The good thing when you are already experience is that you could easily take grasp into a market which might be different into your past experience on which you could really make out some adjustment
but in overall skills and experience then it would really be just the same from those technicals and fundamental application analysis since they do only differ about volatility level which as a stock trader
then you wouldnt really be having that big problem on dealing this market if you do tend to switch up but well always remind about the risk because the more volatility it is the more risky it is,
but people do mainly looking up for potential income or profits thats why they do really took some risk.
The analysis won't be different from stocks to crypto but he might be overwhelmed with bitcoin's volatility but he can make it up and adapt easily. This is why I've seen many stock traders jumped easily into the crypto market and they seem to be well versed already as there's not that much difference in terms of reading the charts.
He's a stock trader and investor and that's why he's fond and got used of the market's volatility there. So, it isn't surprising that he like the volatility and he's no longer a newbie.
The skills that he has in stocks can be applied in investing and trading in bitcoin. Congratulations to the both of you and for sure your uncle will be happy in the near future once he starts to see those big gains that he should have.
Hmmmm well yeah , despite that having a chance to bag a lot of money in daily basis due its high volatility i think that kind trader will always knew what he is doing ... and whether sitting on his own comfort zone to avoid more risk or going allout to take a huge risk is just about a choice , risk higher then come to crypto but it doesnt mean stock is a safe haven as well though.
They will accuse you doing serious gamble at first tho and calling it scam even more lol when you explain the whole bitcoin concept into a die hard stock trader .
Yes, the risk is much higher in here because of volatility but he can get used to it. He chose it and knows what he's doing. There's no need for some guidance when it's about trading but with the usual technicalities about being scammed and other investment scams, he's still needed to be guided.