Topic: We can reduce our chances of loss - page 2. (Read 1050 times)
agree with this statement. Unfortunately, currently, the price of popular altcoins is quite expensive, so we need to wait for the price to arrive. however, it is quite difficult to hold back when the price of the popular altcoin continues to rise. sometimes we also want to have it before the pump price, and buying at a high price is a risky thing.
I agree with your statement about " not entering when coin got pumped " but for top altcoin it is not true that top 5 or top 10 coin is safe, there is also big risk there, even bitcoin it self is the high risk investment, my advice is, Just do Dllar Cost Averaging or buy BTC continually every month not one time with all of your saving.
I could not agree with this, even if that's major coin and it doesn't mean that will be pumped for years. There will always be the phase that the major coins will be dumped to go back again to the lower rate. we have experienced this so many times when bitcoin gets dumped and so many coins got stressed due to they have been loosing a lot of their money. The time to enter in the market will determine how much money you will be received that.
You are right becasue many newbies went about quick profit from new projects and sometimes end up in debts. It's advisable to take what you have seen in the past doing well and carry out TA before invest in such projects. Most of my profit taking projects are from the top project on coinmarketcap and haven't regretted my actions. Good advise from newborn to newborn, thanks.
It is because they don't have such research and market analysis. They just jump into the boat without a hint where it goes, they are being blinded to see the reality in a certain project offering big and quick returns to build hypes, and once it becomes full, that is also you will see it dumps straight to the ground. Not only noobs will have to understand this but also those greedy people must have to change. The smart thing to do to save from future losses is to make sure that you are investing in a project that has been good in the market for a very long time.
Yeah, if the whole market is pumped by the whales stay away from the crypto market. Playing with the market and buying at a high market price can lead to a destroyed account sooner or later. Always calculate the risk factor and invest in the small marketcap altcoins. Never fall into the trap of FOMO. FOMO will definitely have the effect over the market rate and the traders will not be able to buy the ETH at the same price again. That is why it is essential to buy before the bull market and sell after the uptrend.
I am writing this specially for newbies
Rather than investing in a shit coin to have 2x 3x profit within a day,If we invest in the top alts when it is in the Deep, then it can give a good profit.
Specially in a case of newbies, they always run behind 2x or 10x profit and in maximum cases they loose their money , but my friend's 10-20% profit is also very good.
And please don't enter in market when everything is pumped,if you miss this opportunity then wait for the other one.
So what does this "in the deep" means? You mean when the price crashes or when the price is undervalued? Two different meanings over here.Rather than investing in a shit coin to have 2x 3x profit within a day,If we invest in the top alts when it is in the Deep, then it can give a good profit.
Specially in a case of newbies, they always run behind 2x or 10x profit and in maximum cases they loose their money , but my friend's 10-20% profit is also very good.
And please don't enter in market when everything is pumped,if you miss this opportunity then wait for the other one.
But yeah, sadly those people look for making quick profit. They don't care what coin it is. If they see that the price is getting pumped crazy, they invest in those and try to make some quick profit. Only very few people are able to make some profit while most of them loses everything.
If you hold well known coins for long term, you will be making more than 10%-15% profit. But, you know, people are greedy and they don't have patience.
I am writing this specially for newbies
Rather than investing in a shit coin to have 2x 3x profit within a day,If we invest in the top alts when it is in the Deep, then it can give a good profit.
Specially in a case of newbies, they always run behind 2x or 10x profit and in maximum cases they loose their money , but my friend's 10-20% profit is also very good.
And please don't enter in market when everything is pumped,if you miss this opportunity then wait for the other one.
Rather than investing in a shit coin to have 2x 3x profit within a day,If we invest in the top alts when it is in the Deep, then it can give a good profit.
Specially in a case of newbies, they always run behind 2x or 10x profit and in maximum cases they loose their money , but my friend's 10-20% profit is also very good.
And please don't enter in market when everything is pumped,if you miss this opportunity then wait for the other one.
Good point but not all will really be having that kind of mindset and majority will really be aiming for faster and bigger profits in a short time. They do like to exchange 10-20% gains to those 5-100x or profits.
Due to greed and being too impatient then you would most likely end up into this path but when the time comes that you had already lost your money due to this very reason then thats the time
you would really be changing up your course.
Stick to the top ones but doesnt mean it will give out some guarantees.
You are right becasue many newbies went about quick profit from new projects and sometimes end up in debts. It's advisable to take what you have seen in the past doing well and carry out TA before invest in such projects. Most of my profit taking projects are from the top project on coinmarketcap and haven't regretted my actions. Good advise from newborn to newborn, thanks.
I just can't seem to understand some pure newbies in crypto, not here in the forum, on why they tend to try and invest to below top coins in the market
Based on what I experienced, first, it turns out that this is like testing luck. second, not knowing how the coin is not as a whole. third, seeing the fact that the price is relatively cheap. It is very common for beginners, when entering the market they are confused by different types of coins or tokens which according to them have the same volatility and price increase. the result has just entered the market trapped in a useless coin that only spent funds in the portfolio and panicked and decided to take a loss.
as is currently happening, especially for those who have just entered the crypto market or world, don't be tempted by the price of bitcoin and altcoins that are currently being pumped. If you enter the day and see a very high bitcoin price, don't think about buying it first. because the price is at this pump, there is definitely a chance to fall again. can still be seen graphs of bitcoin or other altcoins. a few months ago it was still red and now continuously green. from there, you can see that the market is very volatile and it is very risky to buy when the chart is green.
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We can reduce the chances of loss, but we need to control ourselves and do not panic if we get lost. It will not be easy to control, but if we can do that, I am sure we can reduce the loss, and even, we will have a chance to make a profit. Sometimes, we become losing control when we see the profit, especially if the profit can become 10%-20% and we will not sell that because we want to have a bigger profit.
Panic is the number reason why you may lose your investment, with good understanding of the market you'll be able to avoid such risk.
If you can move forward even you are seeing any problem with your position and seems that the market is not favoring you as long as you
are knowledgeable with the potential you'll not do any decisions that may hurt your investment.
We can not deny that panic come to many of us. They will sell instant without thinking about the rise of the market in the next days because they only think about preventing the big loss that can occur anytime. It needs a calm down from ourselves to solve the market problem, and we need to be wise related to the market situations. Searching for more info about the investment will help us to know what else you need to do when something not right happens.
In trading you should always determine the entry price, stop loss and the amount of risk.
These are the fondamentals of crypto trading following these rule may lower the risk to lose money.
These are the fondamentals of crypto trading following these rule may lower the risk to lose money.
I agree with you because it is safer and more reasonable to make a small profit by investing in some of the best Altcoins than to completely lose the money invested in the hope of making more profit through investing due to unknown altcoins. In most cases, it is seen that some altcoin sells by encouraging the investors by raising the price of the altcoin by the project team after they come in the market, and then the market value of the altcoin gradually decreases and becomes almost worthless. So it is possible to make a profit by investing in good quality altcoins instead of investing in any altcoins in the hope of making more profit.
I agree with your statement about " not entering when coin got pumped " but for top altcoin it is not true that top 5 or top 10 coin is safe, there is also big risk there, even bitcoin it self is the high risk investment, my advice is, Just do Dllar Cost Averaging or buy BTC continually every month not one time with all of your saving.
I am writing this specially for newbies
Rather than investing in a shit coin to have 2x 3x profit within a day,If we invest in the top alts when it is in the Deep, then it can give a good profit.
Specially in a case of newbies, they always run behind 2x or 10x profit and in maximum cases they loose their money , but my friend's 10-20% profit is also very good.
And please don't enter in market when everything is pumped,if you miss this opportunity then wait for the other one.
Rather than investing in a shit coin to have 2x 3x profit within a day,If we invest in the top alts when it is in the Deep, then it can give a good profit.
Specially in a case of newbies, they always run behind 2x or 10x profit and in maximum cases they loose their money , but my friend's 10-20% profit is also very good.
And please don't enter in market when everything is pumped,if you miss this opportunity then wait for the other one.
I would like to agree but in fairness of the new altcoins we cannot tell if they are shit coins by the price only as all cryptos did start for the new start at cheap price before like Bitcoin which start at the price of $0.0008 when it was just introduced on 2010 as investment then it become $30,000 at present. So for me it is not about the top Altcoins but its depend upon the platform if they were really feasible to the market.
in my opinion, trading is not recommended for newbies who are afraid that it will cause big losses and it is better to follow an airdrop or bounty which is free
how can they loss big when they are a newbie because if your a newbie you will start small and if you always think of lossing without action you wont get out of there or you can never start your trading journey .
airdrop and bounty are not trading but that is another profession .
you are called airdrop hunter if you do airdrop and bounty hunter if you do bounty but you can still do this if your a trader and you can still do trading if your a both bounty and airdrop hunter .
We can reduce the chances of loss, but we need to control ourselves and do not panic if we get lost. It will not be easy to control, but if we can do that, I am sure we can reduce the loss, and even, we will have a chance to make a profit. Sometimes, we become losing control when we see the profit, especially if the profit can become 10%-20% and we will not sell that because we want to have a bigger profit.
Panic is the number reason why you may lose your investment, with good understanding of the market you'll be able to avoid such risk.
If you can move forward even you are seeing any problem with your position and seems that the market is not favoring you as long as you
are knowledgeable with the potential you'll not do any decisions that may hurt your investment.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
We can reduce the chances of loss, but we need to control ourselves and do not panic if we get lost. It will not be easy to control, but if we can do that, I am sure we can reduce the loss, and even, we will have a chance to make a profit. Sometimes, we become losing control when we see the profit, especially if the profit can become 10%-20% and we will not sell that because we want to have a bigger profit.
I am writing this specially for newbies
Rather than investing in a shit coin to have 2x 3x profit within a day,If we invest in the top alts when it is in the Deep, then it can give a good profit.
Specially in a case of newbies, they always run behind 2x or 10x profit and in maximum cases they loose their money , but my friend's 10-20% profit is also very good.
And please don't enter in market when everything is pumped,if you miss this opportunity then wait for the other one.
Rather than investing in a shit coin to have 2x 3x profit within a day,If we invest in the top alts when it is in the Deep, then it can give a good profit.
Specially in a case of newbies, they always run behind 2x or 10x profit and in maximum cases they loose their money , but my friend's 10-20% profit is also very good.
And please don't enter in market when everything is pumped,if you miss this opportunity then wait for the other one.
This is pretty good advise. I agree with you that investing in the major cryptocurrencies is a good idea, if the prices are not that low. In my opinion the large part of a crypto portfolio should be invested into well established coins and only a fraction of our money should be used for high risk alt coins
in my opinion, trading is not recommended for newbies who are afraid that it will cause big losses and it is better to follow an airdrop or bounty which is free
And do you realize there are new bulls in the market and that is the alt season. As far as what's happening, i think people are paying attention to the alt season because it is really profitable, i see more profits if just keeping bitcoin, so i don't think it's for newbies.
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