Topic: Understanding cryptocurrency (Read 642 times)

Those who have entered trading and only gain huge losses, it only proves that they are not capable enough to trade and expect profits. Even if they trade using bitcoin, the fact that they don’t have potentials to trade and have no skills and working strategies that will help them to trade in such an unpredictable market, they will never end a trade successful and profitable. Bitcoin is just a tool, not a guarantee to gain success in trading.

That's true its not right to jump into anything without taking tike to get prior information on how it's done and trading as skill is not an easy one to learn and it requires some months of implication and practice before you can stadt trading wity real funds, moreover its not a very good idea to be taking trade signals without having to analyse then yourself cause it might also be wrong and its only a wise thing to look after your funds and make good decisions.

This situation is actually more like gambling. especially without even basic knowledge. then just rely on instinct and luck to win and get profits. This is more like gambling. However, trading is high risk, very high risk. So you can't just buy and then hope to sell at a higher price if you don't understand several things that must be considered.

Maybe someone could luckily get big profits in just such a way. However, what about the next results? Meanwhile, luck won't come against someone every time, right? That's why, in trading, before getting into it, make sure that we study first and understand the ins and outs and some knowledge about cryptocurrency and trading. At least, the better prepared we are, the better the expected results. Even though this won't guarantee that it will always work 100%, no, it can at least reduce the very high risk.

Not all starters are beginners, because beginners who lack consistency are prone to giving up and changing professions because they believe they are incapable. And some are concerned that they will lose their money because they are always hearing about the risks associated with cryptocurrency. As soon as they hear this, they lose interest because everyone is frightened of losing their money.  And the reason for all of this is that they lack understanding about it, and if they did, they would have no issue making a decision. Starting without knowing is the wrong way to start. There are some situations in which we are unsure how to proceed. That knowledge, or information, will assist us go around. One of the amusing aspects of bitcoin investing or trading is that there is no shortcut. Investing in Bitcoin as challenges so the investor have to be prepared in cash and also emotionally so that if thing did not go as planned they you know that it is expected. Before introducing any let tell they the process if they can handle it.

But everyone has their own way of starting in this crypto world, some are the first time he invests but fails, some start with failed trades and some start from many things related to crypto, as long as they are still willing to learn and understand how it works, even though in the first experience of failure it is not a problem, not everything starts with success just because we know in theory about how the crypto industry works.

Although beginners learn in advance it is indeed much better but when plunging the results still need to be questioned too, no one guarantees to have success the first time they touch it.

Trading is not easy and it is a complicated challenge that requires many things to succeed.

You will need to have knowledge of the market in general, trading in either fundamental to technical things, understanding of the psychology of market cycles, capital and risk management strategies then choose a proper one that fits with your own characteristics, and very lastly you need discipline to apply knowledge into your trading practice, to get profit.

Many things can cause losses for a trader especially in this volatile market. That man can make many bad mistakes from lack of knowledge about trading, the market cycle, risk capital management and poor discipline too.

Generally I agree to advice newbies that it's better if they don't trade but focus on investment, long term and invest with pocket money.

He should have let his friend know the reason why he had a bad experience in trading, don't you think? A person who gets into the market and starts making trades without gaining enough knowledge will surely have to face the consequences. You can't become an engineer without education and learning about the field, so how can you expect to become a trader without learning about trading and everything necessary for it?

People often don't understand this, they get into the market without knowledge and start trading without making any research or even knowing anything about the cryptocurrencies they are trading and then they complain that trading is bad, I know it has its risks but that doesn't mean it's bad, everything can be bad if not handled in the right way.

Today's beginners will one day be proficient crypto users. Those who are new to crypto should acquire sufficient knowledge first. Before taking any big step, one should think whether he has the knowledge of that subject. Because crypto constantly has to face various challenges. Without knowledge and skills it is natural to get lost here.

I think for beginners there needs to be guidance in terms of learning so that they understand cryptocurrency with a more optimal understanding so they will be able to understand more quickly, it is difficult for beginners to understand by studying on their own even though in this digital era it is very easy to find out information about crypto, as a beginner In Crypto, you have to ask a lot of people who are experienced in this field because it is much better to start investing in Bitcoin.

Trading is not for everyone Not everyone can profit from trading. It is true that to do anything one should acquire enough knowledge on that subject. If you go into trading without acquiring enough knowledge about trading then you will face loss instead of profit. If you can analyze the market properly and have enough knowledge about trading then you can profit by trading. But investing is better than trading. You learn about Bitcoin as a beginner and invest in Bitcoin. If someone invests in Bitcoin and holds it for a long time, he will surely make a profit.

Want your money to be safe, don't trade in crypto. Choose Bitcoin and invest in the long term.
Trading is not an easy activity because it requires more than enough knowledge, not just just knowing how.
A beginner will turn into a professional in trading if he is willing to study diligently.
With so many cryptocurrencies out there, it's natural for people to get confused. Just Bitcoin because there's only one coin so it's not confusing.

Understanding cryptocurrencies, Bitcoin is the answer because Bitcoin is an electronic currency that does not end in fraud. If you come across someone who explains how they had bad results and forbade us from entering, it's because they don't choose Bitcoin. People who choose Bitcoin will not be defeated or disappointed.

Investing and trading are two different thing, trading always take a short period of time compared to investment though some people invest for short term why some invest for long term they both have there advantage and disadvantage. However, I think one shouldn't advise someone not to trade because of one's experience cause what will favor you may not favor that person and what will favor that person may not favor you as well, that is why it's not good to tell someone not to trade perhaps you can just share your experience with the person and allow the person make a decision whether he will trade or not. there are also people with good experience on trading that's to say there are people who are eating well today out of trading, the fact that it has a higher risk doesn't mean it is not good cause the profit can be massive sometimes.

Absolutely, that's the truth. In every aspect there's biginners, both the political and the crypto, and not only them, but the cryptocurrency is even worse than the others. Because it normally happens for many newbies that they don't wait to have much knowledge about the cryptocurrencies before they can introduce themselves to the trading, once they just see some of their friends are in to it instead of them asking them and getting a little knowledge from some people's, they will be claim experts. Imagine you that start and have not gone far, don't want to share your memory with anyone, and are expected to become a successful person.

One thing about some friends is that once they see that you're into crypto, they say that you should introduce them, and even though you tell them that there's so many risks, they will doubt that you're trying to prevent them from crypto trading.

Actually there's different between Crypto investment and trading, did you mean advising his friend not to go into trading? If yes" i think that's a good advice, because the risk that is involve in trading is very high to be compared with the risk in Crypto investment. secondly trading also requires more knowledge than Crypto investment, i think he did absolutely well by telling his friend about the bad experience he had in trading and also advising him not to go into trading because he wouldn't want his friend to Also have the bad experience he had.

It's true, this idea has made most people fail or lose a lot of money, most people believe as soon as they are into trading, they are made rich ASAP and with the help of signal, they can achieve their dream of success.

They forget that having the knowledge and the understanding of crypto is the utmost importance before investing or trading in crypto.

And also it's not advisable to enter into crypto if we can be able or when we don't have the idea, we should always seek help or support from people who are well experience with it or we do research for ourselves for better understanding, knowing what it requires, that is how it works, the risks involved and the benefits from it as well.

You're absolutely right is just like this meme investment most investors don't always like  investing in memecoin due to the risk that is involved in meme investment, why most investors prefer to invest in memecoin. However i think is just a matter of choice those investors who choose not to invest in memecoin, i think they also have their reasons for saying that, probably they are not ready to face the risk. this is why they choose not to go into meme investment, why those who are also interested in meme I'm pretty sure that they're ready to face those risk. However i think Everyone is entitled to choose what is best for them we don't have to choose for anyone.

I do not understand what you mean when you say crypto market is for the main traders and investors. Definitely, everyone cannot trade and investing in cryptocurrency is for anyone who can take risks. To invest, you just need to be willing to take any risk that might arise from your investment decisions,  this way you prepare your mind for even the worst scenario. After this, a research can be made to get a choice or choices of coins to invest in. You  can acquire all the knowledge you think you need about cryptocurrency but if you are not willing to risk that money, then cryptocurrency investment is not for you and you do not need to force it because you might not succeed in it. Cryptocurrency investment is not complicated, just have the right altitude towards it.

People who jump into trading without even knowing its basics and whole thing about trading will end up being doomed in trading. Why? Because trading is always a game of mental and even emotional skills, not just an any easy game that you can take a risk and succeed. Of course, that won’t never be possible in trading, you need to learn and lose first before you see yourself succeed and making profits.

Trading with signals is certainly not reliable, and majority of traders keep losing due to following fake signals. That’s why don’t fall on following unreliable signals, but create your own signals in the market through in-depth research and careful market analysis, that way success might be near to realization.

The crypto market is for the main traders and investors, making crucial plans to grow their portfolio and also staying foot for the bull and bear season. The market is complex and it will take only those category of traders that knows how comprehend information to survive. The space is all about striving for enormous profits and growth, but there are lay down principles to abide by. Understand cryptocurrency is simple and plain for everyone of us. We take our time to ensure we're holding ground on solidable projects.

Learning has always been the best way to getting any knowledge about cryptocurrencies, generally about anything, learning is the first and best approach else you will not be able to maximize the potentials that are within that sphere or space of opportunity, for beginners in cryptocurrency, following signals alone will not really get to do much for such individual because they are not going to have a first hand information and knowledge about it and that will not help them learn and get better at it, they will be just making profits only when their mentor or the one they are following are making profits as well and in some cases they will be suffering some kind of losses that they will not understand.

Understanding the dynamics of cryptocurrency is one very important factor that beginners must understand for them to be able to trade and not just venture into trading just like that so they don't just loose their funds to the market without knowing how well to be able to probably utilize opportunities in the future to be able to make up for the loss they have made trading when they didn't know, but if they are able to trade by their selves and understand the market well enough then they are goin to do better trading than they, its always best to learn first before earning.