Well, it's almost thesame here and i know quite a lot of traders who are finding it difficult to make decent profit during this rather difficult time. Well i kinda attributed it to the whole market downtrends we are currently facing, the bears is at large and trading is much profitable during bear conditions. Nonetheless, there are still some traders making it quite well but it's isn't comparable to when there is a bull market
Naturally, trading in a situation where there aren't any events that would obviously benefit a large number of people requires skill and time. Sure, trading could easily be said as buy and HODL until you see a situation where your HODL strat finally worked, but that can't describe trading in its entirety after all.
agree with you...
for those who have no experience, it is strongly recommended to buy crypto coins that are not too risky such as Ethereum and EOS to invest in the long term. Ethereum and EOS are great for long-term investments when compared to Bitcoin which is too risky because of wild price changes.
Err what? Bitcoin outstrips altcoins by far in terms of long term investment. Stop talking about it's "wild price changes", we're talking about long term investments here, not short term ones. You just killed your own argument with that recommendation.