You need to have an extra money before you invest. The price of bitcoin is very mobile. We operate in a speculative market. We need to know this. In the speculative market, solid business may look bad, weak projects may look good.
The risk is high and so are the rewards as well . In years we have seen how volatile the market is and after downfall it rises as well but it need time to bounce back to those level . So only trade with risk taking capability and should have long term horizons as well.
Trading is really a difficult way of earning cryptocurrency, it is indeed a high risk to take on because you don't know when to sell or when to buy since we all know that the nature of cryptocurrency is its volatility meaning you cannot predict when the price gonna pump or when is the price gonna dump. There are some people can really do some speculations, but it is just a speculation. That is why before taking risks and buying some tokens, you must know how to make a solid portfolio to simply guide you from trading, you must have patience in this kind of thing.
Trading is all about the knowledge and passion,Being successful trader you need to educate your self learn about the indicators and charts how to be used according to the situation.Trading have more impact of the emotion so learn to control the emotions.
Psychology in trading play a best role to learn how to behave in winning situation and how to be calm in loosing condition. Also learn how to mange the funds because money management in trading also great importance to win trades and save maximum money from losses.
Indeed, you must have knowledge first before taking any steps or decision here, because one single mistake, you can lose all of your money in just a blink of an eye. It is really not easy to do trading but if you study and learn how to do it right, you can make a profit on your own, adjusting on some changes in the market.