Topic: What did you learn about crypto trading? (Read 2335 times)
First of all - I learned to apply my knowledge in practice. To do this, I used the demo account of the Amarkets broker. I liked this option and it seemed more than correct.
Expect any and everything. Typical rules and patterns don't mean much. This is still the wild west, rife with opportunities and scams alike. Tread slowly and carefully, it isn't for everyone.
Gaining knowledge about crypto trading first is especially for new investors consider learning different strategies to improve your performance but you will understand everything better. Trading trends and the trading thing to be aware of before choosing a crypto market.
And most alts won't follow the btc trend as they have their own trend depending on their developments.
This is why, if you will trade with specific alts, you need to know the progress of what is going on with the coin.
Because it depends on what accomplishments they have in terms of their roadmap.
well, what I have learned now I that over-holding exists and it's nothing pleasant. set your goal hence u will be able to sell when you are happy with the profit and in a bear market for sure, you will be able to buy back more. it applies to BTC and eth as we can see now. 4300 dollars dropped to 900 bucks.
I have learned the same thing when I overheld a certain coin for a long time without even monitoring its market price. I thought that the longer I hold it, the higher the profit that I could gain. I learned that it's important to check the potential of a coin first. I've set a target goal and decided to sell it when I reach it. Holding isn't always the answer but the perfect timing.
I even sometimes buy long-term potential assets like BNB and Matic when there is a downturn. and immediately I placed a sell order at a very high price. may not make sense. because I managed to sell in quite a long time. but I've proven it works in BNB and SOL.
Gaining knowledge about crypto trading first is especially for new investors consider learning different strategies to improve your performance but you will understand everything better. Trading trends and the trading thing to be aware of before choosing a crypto market.
well, what I have learned now I that over-holding exists and it's nothing pleasant. set your goal hence u will be able to sell when you are happy with the profit and in a bear market for sure, you will be able to buy back more. it applies to BTC and eth as we can see now. 4300 dollars dropped to 900 bucks.
I have learned the same thing when I overheld a certain coin for a long time without even monitoring its market price. I thought that the longer I hold it, the higher the profit that I could gain. I learned that it's important to check the potential of a coin first. I've set a target goal and decided to sell it when I reach it. Holding isn't always the answer but the perfect timing.
well what I have learned now I that over-holding exists and it's nothing pleasant. set your goal hence u will be able to sell when you are happy with the profit and in a bear market for sure you will be able to buy back more. it applies to BTC and eth as we can see now. 4300 dollars dropped to 900 bucks.
God bless you mate, it couldn't have been said any better.... You said it all. Once you invest in a project or buy a coin, just set your target and once it gets to your target you can sell. I am saying this because I knew what over holding has caused me.
well what I have learned now I that over-holding exists and it's nothing pleasant. set your goal hence u will be able to sell when you are happy with the profit and in a bear market for sure you will be able to buy back more. it applies to BTC and eth as we can see now. 4300 dollars dropped to 900 bucks.
Its very important to learn that what goes up will always come down which also requires you to sell as you learn it. Its necessary to sell when the prices goes up and you are also going to buy when the price goes down. Identifying the right price is a different lesson to learn but you get the point since it about making money.
The market will not identify who are holder or not, or whether you are patient or not. it just keep doing what it does until it wears out the bull or wear our the bears.
The market will not identify who are holder or not, or whether you are patient or not. it just keep doing what it does until it wears out the bull or wear our the bears.
Only one thing i mainly learnt is "Patience". Lost much but just being patient enough holding the coins and selling them off when price was high, earned and learnt a lot. This has helped me to practice the same in my own life on other activities. Yes, this has become so important to achieve lots and lots of things. Trading taught me good lessons. Other think is, never borrow and invest unless and until you know how to utilize the borrowed money and how to give back.
Yes I agree, the one of we must have when it comes to trading is patience. Since a lot of people come to cryptocurrency because they heard from their friends they can make a big profit in just a day, they blindly put their money in crypto and hope to get a good profit without any patience. Also don't forget to use money that we can afford to lose.
Only one thing i mainly learnt is "Patience". Lost much but just being patient enough holding the coins and selling them off when price was high, earned and learnt a lot. This has helped me to practice the same in my own life on other activities. Yes, this has become so important to achieve lots and lots of things. Trading taught me good lessons. Other think is, never borrow and invest unless and until you know how to utilize the borrowed money and how to give back.
2020, however 2021 was the year when I finally made some good profits from Crypto Trading.
I mostly indulge in Bitcoin, Ethereum and few other altcoin pairs. It's good to have a x5 long ON with some spot buying to make extra profits.
I mostly indulge in Bitcoin, Ethereum and few other altcoin pairs. It's good to have a x5 long ON with some spot buying to make extra profits.
When I first started trading cryptocurrencies, I discovered a lot. In cryptocurrencies, you, the owner, have sole authority over your funds. You can withdraw money whenever you wish. Another benefit of learning crypto is the ability to make money.
I stumbled upon this cryptogeek site and started looking into different articles and pages of cryptocurrency companies. I was very much drawn into this topic and I could not leave ... I started to try to trade, but I did not succeed well.
When I went to trade at that time the condition of the market was very bad. Not even half the price of the token I bought is now dropping all the tokens. Trading means gain or loss. Trading means losing or gaining. I have been trading with the advice of one of my advisors since I was at high risk for trading. The bottom line is that if you have a cryptocurrency and you want to trade, you need to know a lot about trading tokens.
Trading is not just to earn but also to learn. If you have learned about markets and traded them for over two years, I believe you have a lot of experience and you have learned a lot about it. Trading can be a deceiving profession because you can earn a lot through this and it could change your living but don't forget the fact that if you do not spend the time to learn, you’ll just waste a lot of time and money.
Sometimes newbie in trading have the wrong mindset. They are just trying to make money as fast as possible, because they think trading can make them rich quickly which is definitely wrong perception.
During the time I started trading in crypto, I didn't think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.
I've also learned that Trading is not an easy money machine. It always need your time and effort and most important you have a lot of knowledge, strategies, patience and self discipline. If you are able to enter, you should also determine your trade exit.
Sometimes newbie in trading have the wrong mindset. They are just trying to make money as fast as possible, because they think trading can make them rich quickly which is definitely wrong perception.
During the time I started trading in crypto, I didn't think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.
I've also learned that Trading is not an easy money machine. It always need your time and effort and most important you have a lot of knowledge, strategies, patience and self discipline. If you are able to enter, you should also determine your trade exit.
I think trading in crypto is different from trading in stocks and Forex markets because it is highly volatile which makes it very risky unless you understand Technical Indicators & know how to use Risk management tools skillfully. It is also important to have update/information of crypto space. Scams/sudden and fast crash of crypto projects can wipe out your total capital if you don't use stop loss in crypto trading.
oh man
I've been in trading since 2017 and I thought I'd seen a lot
but such a big scam project like LUNA made me think again about the "fundamental value" of some projects
i no longer have an allegiance to altcoins, i only believe in BTC
I think that what happened in LUNA is a lesson for all those who believed in altcoins with their eyes closed, this was a project that had a lot of force, it surprised me that even the cointelegraph itself always considered it to do its technical analysis and suddenly when everything went to zero, it left everyone in the air, so I'm like you, I only believe in BTC because it is the currency that represents always having a great future, and I like to see its future around the S2F model, I know that many do not they believe in this model but I am firm with this model.I've been in trading since 2017 and I thought I'd seen a lot
but such a big scam project like LUNA made me think again about the "fundamental value" of some projects
i no longer have an allegiance to altcoins, i only believe in BTC
Trading is not just to earn but also to learn. If you have learned about markets and traded them for over two years, I believe you have a lot of experience and you have learned a lot about it. Trading can be a deceiving profession because you can earn a lot through this and it could change your living but don't forget the fact that if you do not spend the time to learn, you’ll just waste a lot of time and money.
Sometimes newbie in trading have the wrong mindset. They are just trying to make money as fast as possible, because they think trading can make them rich quickly which is definitely wrong perception.
During the time I started trading in crypto, I didn't think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.
I've also learned that Trading is not an easy money machine. It always need your time and effort and most important you have a lot of knowledge, strategies, patience and self discipline. If you are able to enter, you should also determine your trade exit.
During my days in trading, I was able to learn a lots of things about how a trader should trade the crypto market. Although trading is not as easy as we thing but it is important we learn this price action of it so we can get much understanding on how everything works without having to depend on other persons or mentor for more explanation of the market. The cam be confusing at times. Sometimes newbie in trading have the wrong mindset. They are just trying to make money as fast as possible, because they think trading can make them rich quickly which is definitely wrong perception.
During the time I started trading in crypto, I didn't think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.
I've also learned that Trading is not an easy money machine. It always need your time and effort and most important you have a lot of knowledge, strategies, patience and self discipline. If you are able to enter, you should also determine your trade exit.
A cryptocurrency is a digital currency that is another form of payment created using cryptographic algorithms. The use of cryptography means that cryptocurrencies can be used both as money and as a virtual accounting system. To use cryptocurrencies, you need a cryptocurrency wallet.
Before starting to work on a real account, I spent several days working on a demo account of AMarkets broker. In my opinion, this gave me the opportunity to significantly improve the results of my work.
Its good idea to practice trading in demo account before jumping into real trading because you don't pay any cost of your mistakes. Going forward, I think developing technical skills is also important to make entry and exit at right time beside choosing a good coin/token is equally important in crypto market because there is huge number of worthless projects listed on coinmarketcapcap. My best choice for trading remains Bitcoin and Ethereum, though I also trade in Polkadot, Matic, Avax and cosmos when hey are trending.
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