Make profit in Crypto Trading as a newbie. Dream or reality ? - page 2.

Wexnident

hero member

Activity: 2576

Merit: 666

I don't take loans, ask for sig if I ever do.

Quote from: pverin31 on May 19, 2023, 07:11:37 PM

Any comment on my article would be appreciated :

https://medium.com/@verinp/make-profit-in-crypto-trading-as-a-newbie-dream-or-reality-8ce64f7fe911

What do you think ?
What’s your investment strategy and winner tips ?

So it's shilling copy trading in the platform in the article. Does copy trading make a profit? Maybe, and that's why asking if it's dream or reality can be kind of confusing since we don't have a clear-cut answer. Even considering outside copy trading, just crypto in general, it's definitely possible imo. I mean I know some people who got off really well when the coin they were invested in popped off, like MATIC in the past. Should you follow them? Well if you're simply here to gamble then yea sure. If you want to last long though, then start setting up plans that you're gonna follow to a T for a long time, since planning for the long term is probably the easiest start a newbie trader can get.

Husires

legendary

Activity: 1596

Merit: 1288

Quote from: kevindjunaidi on May 19, 2023, 10:40:07 PM

I think investing in the long and short term is all fine, it's just that my advice is if you want to invest in the long term, then it's better for you to invest in altcoin that are in the top 100 on coinmarketcap, because the risk is smaller

I do not think that this advice is useful, and on the contrary, many of these coins/tokens use market capacity as a measure to scam investors because market capacity means the price in the quantity supplied, so if a token was able to sell 10% of its value at a price of one dollar, then increasing the supply to Million Token means that the currency has The market capacity has become one million dollars, while the total of what was sold is only 10% at a price of 1 dollar.

This video shows the top 15 currencies in terms of market capacity during the last 10 years, and you will find that the list changes greatly every 3 years.

https://www.youtube.com/watch?v=m6FiWkLG-Yw

Market capacity is a misleading measure

fauzan Ichsan

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as a beginner, you should prioritize long-term trading or investing, this does not mean that you cannot trade short-term, but use less capital to learn short-term trading, because this will be more risky considering there will be many things that must be mastered, so it requires time to process. that way even though they experience losses, the majority capital is still for long-term investments so that it is safe for the entire capital owned. the advice here is don't want to get money in the crypto world immediately, because this will be a boomerang for us

kevindjunaidi

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Quote from: Husires on May 19, 2023, 10:08:31 PM

As a beginner, you should consider long-term trading and strategies that do not focus on making a profit in the short term.

I think investing in the long and short term is all fine, it's just that my advice is if you want to invest in the long term, then it's better for you to invest in altcoin that are in the top 100 on coinmarketcap, because the risk is smaller and it's good to hold in the long term, but if you want to invest in the short term, then you better invest in hype altcoin, because the price will definitely increase very high and give you profit, it's just that you can't be greedy and don't forget to take profit, because investing in altcoin that are currently hype has a big risk (the price can dump quickly if the hype is gone or finished).

Husires

legendary

Activity: 1596

Merit: 1288

As a beginner, you should consider long-term trading and strategies that do not focus on making a profit in the short term.
The reason for this is that your investment background is still limited, and therefore the possibility of achieving an incoming loss is large, and therefore it is better to invest in long-term, low-risk investments such as DCA.

With the passage of time and your acquisition of skills, you can reduce the period to day trading, which is considered the highest level of risk for an investor in cryptocurrencies.

All types of investment begin with a dream, but the days are what turn this dream into reality.

Wiwo

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Top Crypto Casino

Quote from: pverin31 on May 19, 2023, 07:11:37 PM

Any comment on my article would be appreciated :

What do you think ?
What’s your investment strategy and winner tips ?

Best form of investment is to hodle and not freedy to wait until you gain 100x gain cryptocurrency trading or investment doesnt work that way, gou will have to be willing ro wait for a very long time until you get to your desired anticipated price before you take the profits and leave initial capitals.

This practice can be most effective to a newbie if he focuses on a single coin trading such as Bitcoin.

pverin31

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Any comment on my article would be appreciated :

https://medium.com/@verinp/make-profit-in-crypto-trading-as-a-newbie-dream-or-reality-8ce64f7fe911

What do you think ?
What’s your investment strategy and winner tips ?

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