Topic: Trading crypto is a different ball game - page 2. (Read 808 times)
People who thinks crypto trading is so easy to make profits are newbies because experienced trade know how the volatility of cryptocurrencies can eat the profits we made in hundreds of days in just few hours so we need to keep active all the time and stop loss feature can save from huge losses and much more to learn everyday from trading cryptos.
Its easy as well as risky though, no one can make stable income by trading cryoto currencies but they can a lot compared to other investment so all they need is patience,they have to wait for their time to cashout and the profit margin is also important factor if you are a day trader.
Stable income trading is more a gimmick mate. If someone is telling you that, be ready to be receiving referral links to shady websites from them.Trading income is by default unstable and will very depending on political news and how you react to the market. Some days you might be able to make some while other days you might lose some. It is all part of the cycle, nothing good or bad.
Keeping hodlers aside, those who are actively trading will have different buying and selling points, that is tough thing to keep up with. But day traders are developing their own bots and doing that.
We can't underestimate crypto trading and we can think that it is just similar to stock trading. Definitely no...It is somewhat that some people been pulled by their emotions if they were seeing some people succeed in trading and they'll think that they can be also. They come into trading without knowledge, well, not would be a suicide and surely they end up losing.
This is a common mistake but people never change, they keep trying just to prove themselves that they can make it. No, probably not a good idea...it is only a way that we make ourself suffered most. it could be better to look at a place where we are comfortable with and we know also about that trying to push ourselves even though in our self we feel already hard.
This is a common mistake but people never change, they keep trying just to prove themselves that they can make it. No, probably not a good idea...it is only a way that we make ourself suffered most. it could be better to look at a place where we are comfortable with and we know also about that trying to push ourselves even though in our self we feel already hard.
When I heard about this I really started to wonder if it's true how they say that anybody trading stocks with a bunch of money to throw around looks like an expert in a bull market. I have never traded stocks much but my experiences trading crypto has been really really difficult. That being said, I don't see how stocks would be much easier..
Thankfully, I did approach trading crypto with the mindset that this would be challenge of a lifetime and would require thousands of hours of work. I think that's probably the only way to look at it and get anywhere over the long haul. The fact that he has said that day trading is the easiest thing in the world makes me suspect that he's heading for some trouble somewhere down the line, big money or not.
For someone who do talk about trading to be the easiest thing to be done then that person is just simply lying or just trolling you out because its never been an easy thing due to very undpredictable movement of the price specially here on crypto.Thankfully, I did approach trading crypto with the mindset that this would be challenge of a lifetime and would require thousands of hours of work. I think that's probably the only way to look at it and get anywhere over the long haul. The fact that he has said that day trading is the easiest thing in the world makes me suspect that he's heading for some trouble somewhere down the line, big money or not.
I cant say that Stocks/forex is much easier because they are on the same concept where buying and selling assets is involved. Volatility may differ but the system is just the same.
You do actually have that good self realization or mindset on where these things cant really be just attained on a short amount of time.This would take years and much effort to be successful into this field.
When I heard about this I really started to wonder if it's true how they say that anybody trading stocks with a bunch of money to throw around looks like an expert in a bull market. I have never traded stocks much but my experiences trading crypto has been really really difficult. That being said, I don't see how stocks would be much easier..
Thankfully, I did approach trading crypto with the mindset that this would be challenge of a lifetime and would require thousands of hours of work. I think that's probably the only way to look at it and get anywhere over the long haul. The fact that he has said that day trading is the easiest thing in the world makes me suspect that he's heading for some trouble somewhere down the line, big money or not.
Thankfully, I did approach trading crypto with the mindset that this would be challenge of a lifetime and would require thousands of hours of work. I think that's probably the only way to look at it and get anywhere over the long haul. The fact that he has said that day trading is the easiest thing in the world makes me suspect that he's heading for some trouble somewhere down the line, big money or not.
Of course, trading on the cryptocurrency market has always been risky, but at the same time it is highly profitable. There are tools to reduce risks.
What tools are we talking about? I use trading bots for trading, but I wouldn't say it gives guarantees.
Its easy as well as risky though, no one can make stable income by trading cryoto currencies but they can a lot compared to other investment so all they need is patience,they have to wait for their time to cashout and the profit margin is also important factor if you are a day trader.
Anyone who expects a steady income from crypto trading better not to go into it at all. It's a risky business without any guarantees for profit and with high possibilities for loss too. Of course, you can make a decent profit but that takes time, experience, patience and good risk management. Especially for day trading that is the most demanding and the riskiest form of trading.
Its easy as well as risky though, no one can make stable income by trading cryoto currencies but they can a lot compared to other investment so all they need is patience,they have to wait for their time to cashout and the profit margin is also important factor if you are a day trader.
What happened to the guy has both good and bad impact on crypto.
- Good: It shows that whoever comes in and take crypto as another get rich quick or pump and dump scheme will have to learn the hard way. It's not something that can be mastered in a short time even if you are a business owner or a veteran trader in other markets.
- Bad: It confirms what many critics have been saying about cryptocurrencies that it's a place of hype or pumps and dumps. A lot of his followers who are skeptical on bitcoin has more reasons to stay away now.
I do not agree with you that this will have a bad impact on crypto, because cryptocurrencies, especially Bitcoin, do not need such people who do not understand the truth of Bitcoin and its importance and deal with it as if they were going to a night club to play gambling and then return to their homes with some profits or losses.
Bitcoin needs people who understand the importance of Bitcoin and believe in it as a currency of value and help adopt it globally as the world's No. 1 currency of the future. This is what we need and we do not need such people who do not understand the true value of Bitcoin and cryptocurrencies.
it is also because our fault tbh. mostly if people talks with you about how do you make money at trading, they will say trading because it's the easiest money making on cryptos. and by saying that trading is an easy task and everyone can do that, and people will literally believe that also after they lose, they just bitching about cryptocurrency because things are not looking at they have expected before
It is not the fault of the people who say trading is easy, it is up to the person whether they should believe or not, in the end the decision to do crypto trading falls in your hands as you are the one who will benefit or not from it. Regarding OP saying that having experience in other trading will not help you when you trade in crypto, I think so otherwise, when you get experience, you can use it to provide a foundation for new endeavors, the problem was he got cocky and have others manipulate the pump. 
it is also because our fault tbh. mostly if people talks with you about how do you make money at trading, they will say trading because it's the easiest money making on cryptos. and by saying that trading is an easy task and everyone can do that, and people will literally believe that also after they lose, they just bitching about cryptocurrency because things are not looking at they have expected before
Cryptocurrency and stock market may seem quite similar in some ways, but there are ways they are different from each other and you wouldn’t know this until you’re part of it. The media portrays cryptocurrency as a market to make huge profits, and they like to make it seem like there are no risks involved in cryptocurrency trading, which is totally wrong.
I have asked some people why they think cryptocurrency is a good investment to make and their answers they mostly give to me, like 90% of the time, is that cryptocurrency is means to get more money and become rich. They all hear stories of those that turned millionaires, and they believe that if they get in it will also work for them the same way, and the most annoying part of it is that they want that profit to come in a day.
I have asked some people why they think cryptocurrency is a good investment to make and their answers they mostly give to me, like 90% of the time, is that cryptocurrency is means to get more money and become rich. They all hear stories of those that turned millionaires, and they believe that if they get in it will also work for them the same way, and the most annoying part of it is that they want that profit to come in a day.
sad but true, they thought that if you are into crypto, you are rich! this is the reason when a newbie tried to get into crypto trading and lost, he will blame that crypto or btc is a fraud showing his ignorance on this market. the media plays an important role on creating some of initial perception towards crypto.
people usually judge what is being given to them without doing any kind of research. but a responsible viewer will take his time to read and understand what is really going on in crypto. and those that will take their time to do their own research will turn to be a good crypto user.
but when reality slapped up their faces then thats the time they do realize that things or expectations wont happen as they anticipated.For people who do make up rush decisions will most likely end up on the wrong path or do start on a very bad outcome yet it does need up more search and study on how things works here on this market before making any steps forward.It is indeed a different ball game and people should
really be aware on that in the first place.
The media portrays cryptocurrency as a market to make huge profits, and they like to make it seem like there are no risks involved in cryptocurrency trading, which is totally wrong.
Its not a wise decision to start trading or making investment just by following media or crypto based news portals. Yeah its true that worldwide people are making good profits by investing their money on crypto but they are doing this because of their knowledge and experiences. If anyone make investment just by hearing some media press releases that people are getting millionaire overnight then its definitely a wrong decision. Every investment have the possibility of profits and losses and its just not only applicable to crypto investment. They all hear stories of those that turned millionaires, and they believe that if they get in it will also work for them the same way, and the most annoying part of it is that they want that profit to come in a day.
Its nothing new and pretty much common in new crypto investors. I always suggest newbies to enrich their knowledge vault about the specific field before making early investment. 
Cryptocurrency and stock market may seem quite similar in some ways, but there are ways they are different from each other and you wouldn’t know this until you’re part of it. The media portrays cryptocurrency as a market to make huge profits, and they like to make it seem like there are no risks involved in cryptocurrency trading, which is totally wrong.
I have asked some people why they think cryptocurrency is a good investment to make and their answers they mostly give to me, like 90% of the time, is that cryptocurrency is means to get more money and become rich. They all hear stories of those that turned millionaires, and they believe that if they get in it will also work for them the same way, and the most annoying part of it is that they want that profit to come in a day.
I have asked some people why they think cryptocurrency is a good investment to make and their answers they mostly give to me, like 90% of the time, is that cryptocurrency is means to get more money and become rich. They all hear stories of those that turned millionaires, and they believe that if they get in it will also work for them the same way, and the most annoying part of it is that they want that profit to come in a day.
sad but true, they thought that if you are into crypto, you are rich! this is the reason when a newbie tried to get into crypto trading and lost, he will blame that crypto or btc is a fraud showing his ignorance on this market. the media plays an important role on creating some of initial perception towards crypto.
people usually judge what is being given to them without doing any kind of research. but a responsible viewer will take his time to read and understand what is really going on in crypto. and those that will take their time to do their own research will turn to be a good crypto user.
Cryptocurrency and stock market may seem quite similar in some ways, but there are ways they are different from each other and you wouldn’t know this until you’re part of it. The media portrays cryptocurrency as a market to make huge profits, and they like to make it seem like there are no risks involved in cryptocurrency trading, which is totally wrong.
I have asked some people why they think cryptocurrency is a good investment to make and their answers they mostly give to me, like 90% of the time, is that cryptocurrency is means to get more money and become rich. They all hear stories of those that turned millionaires, and they believe that if they get in it will also work for them the same way, and the most annoying part of it is that they want that profit to come in a day.
I have asked some people why they think cryptocurrency is a good investment to make and their answers they mostly give to me, like 90% of the time, is that cryptocurrency is means to get more money and become rich. They all hear stories of those that turned millionaires, and they believe that if they get in it will also work for them the same way, and the most annoying part of it is that they want that profit to come in a day.
Everything is total different when it comes to trading crypto. If you have background in other assets and want to apply it in cryptocurrencies trading, you might get crushed immediately. It needed time to study and get it properly.
I would say people are really not prepared that is the craziness crypto is, I would say that people would really need to understand that crypto has one difference, decentralization. You may think that not having power of someone over crypto is not something that we tried to use so far, because nobody tried to took control of it aside from maybe the bitcoin cash people, but in reality all the approach towards crypto has been done knowing full on well that we are actually not on a centralized thing so people couldn't really change anything if they failed.
Big huge corporations can't just risk everything for huge returns and when they fail get bitcoin bail outs, so at the end of the day we are talking about something so different than fiat that people who have done fiat can't really understand crypto.
Big huge corporations can't just risk everything for huge returns and when they fail get bitcoin bail outs, so at the end of the day we are talking about something so different than fiat that people who have done fiat can't really understand crypto.
If his followers chooses to not like Bitcoin or cryptocurrency as a whole, then that is their own cup of tea.
You already said he was encouraging pump and dump, so deserves what he got from the market; he was planning to pump and dump the bags on who exactly? Lol on other investors? Don’t you think he just drank from his own cup, what he was planning to do to other people is what happened to him, he shouldn’t be whining about it.
By the way, cryptocurrency is like a free place, anyone that think it’s not meant for them shouldn’t be part of it, everybody must not be part of it.
You already said he was encouraging pump and dump, so deserves what he got from the market; he was planning to pump and dump the bags on who exactly? Lol on other investors? Don’t you think he just drank from his own cup, what he was planning to do to other people is what happened to him, he shouldn’t be whining about it.
By the way, cryptocurrency is like a free place, anyone that think it’s not meant for them shouldn’t be part of it, everybody must not be part of it.
if you already have the trading skills, it will be easier for you once you grasp how crypto market works. because every alt or token, is like different companies that you are studying here. so you need to get a hold of what's going on in every project so as not to make mistake in investing your money to pump and dump coin or to an empty token surrounded by fomo only. we all started from scratch and only experience, all the tips and tricks gained thru the years will make you confident in crypto market.
This is true and at the same time it isn't, let me explain, it is true that technical analysis should apply to any kind of asset regardless of the market in which it is in, however there is one big exception and that is that if an asset does not have enough volume then it is impossible to apply technical analysis to it and you will be better off applying fundamental analysis instead, why is that? This is because if the volume is too low then a whale could manipulate the price in whatever way they want and you will be unable to predict it with technical analysis, this is the reason why trying to apply technical analysis to any coin which is not in the top 20 is a waste of time. 
Well is the stock market manipulated right now? Everyone says that its the bank and large whales that manipulate the price of certain stocks. However right now most people who are driving the market are 18 year olds on robinhood. Remember what happened right after the Hertz bankruptcy?
Someone basically posted they would buy it on wallstreetbets and the next day it kept going up and up and up and eventually it was priced higher than a few days prior to the bankrupty. So is this considered manipulation? There was real demand.
Hence its a term that's thrown around losely and everyone says everything is manipulated.
Someone basically posted they would buy it on wallstreetbets and the next day it kept going up and up and up and eventually it was priced higher than a few days prior to the bankrupty. So is this considered manipulation? There was real demand.
Hence its a term that's thrown around losely and everyone says everything is manipulated.
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