Your strategy is well ok, but making profit in crypto can be done in diverse ways, e.g either by trading, staking, lending, betting and hodling. And this is left for you to choose which one best fits your style. But apart from that, we still have websites which you really need to follow to gets updated on daily happenings in the crypto world, such as coinmarketcap, coingesto, cryptocompare, tradingview and here at bitcointalk, because at this forum, you get to meet experts in cryptocurrency who are ready to offer there advise for free..
Topic: What do you need to learn to make profit in Crypto? (Read 267 times)
You need to learn not just one crypto but also other crypto. It is also good that you are knowledgeable about other crypto if you want to pay less fee. It really depends on what you want to do like trading, investing and more but first you need to know what you want to do before learning in that field. Good luck.
You need to read as much as possible. Join forums like this, telegram groups and discord groups. Understand that it is always supply and demand, which can be manipulated by FUD and fake claims etc. There is always an element of risk.
I'm new to crypto still and I was wondering what should I be learning if I want to make profit from crypto? I was thinking just learn how blockchain works then smart contracts then learn PoW and PoS etc. Then maybe I learn some about popular coins then I just learn to use graphs and learn to trade. I already know about wallets and scam attempts phishing etc.
Is my strategy good or is this not good?
Any help is greatly appreciated.
Is my strategy good or is this not good?
Any help is greatly appreciated.
You are on right place already better focus on trading for a while and enhance your skills since from that option you can earn quite decent amount compare to the other options and possible it can give you long term profits if you became a good traders.
If you want to know more infos and ideas you can search a good tutorial as well other explainer video's on youtube.
What do you want from crypto?
If you want to make money, you should learn anything about making money from crypto, especially from trading and other ways.
If you want to earn free coins or rewards, you can join with many projects and help the project promote and spread it on many websites.
If you want to learn about blockchain, I guess you need to have a skill because that will be related to coding or something like that.
If you want to make money, you should learn anything about making money from crypto, especially from trading and other ways.
If you want to earn free coins or rewards, you can join with many projects and help the project promote and spread it on many websites.
If you want to learn about blockchain, I guess you need to have a skill because that will be related to coding or something like that.
Yes it is! I used to play csgo years ago
Ayyyy, nice to see someone that plays CSGO here
Back on topic, price volatility is very high so your 1000% gains today could be 800% losses tomorrow.
Since you're a newbie, go for reputable coins that have use cases. Besides the granddaddy (BTC), ETH, BNB, VET are good choices. If you took advantage of the dip yesterday, you should have made some gains.
HODL is important. You never lose if you don't sell. DCA if you can; i.e. buying more whenever the price drops.
Cryptos is pretty much like stocks, except with higher volatility. Go check out communities/ news sites like Reddit or Coindesk as they're rich in info. This forum does help, but I hardly see any trading tips or (shit)coin recommendations here.
On an unrelated note, is your username a quote from s1mple?
On an unrelated note, is your username a quote from s1mple?
Yes it is! I used to play csgo years ago
That's good.
You should really be aware of the scams out there so that you can avoid it by yourself because most of its victims are newbies like you. And if you're eyeing to trade.
Just keep gaining experience and learn to trade with small amounts first.
You should really be aware of the scams out there so that you can avoid it by yourself because most of its victims are newbies like you. And if you're eyeing to trade.
Just keep gaining experience and learn to trade with small amounts first.
Not to listen to random advice people give. Stock trading, crypto trading - those are professions. You cannot become good at the along the way. There are paid courses on them. If you feel you want to go into trading seriously, consider one of such courses. That would definitely save you money and time.
Is my strategy good or is this not good?
Any help is greatly appreciated.
Any help is greatly appreciated.
Just lurk everyday in the crypto world reading crypto-related stuff. The fact that you have now learned about wallets and some scam attempts related to crypto, was a great start and you understand well what you read. Try learning the basics of crypto-trading as your next subject.
Take one step at a time and soon you will be used to it. While in the process, try to make small trades along the way to somehow feel the actual pressure of doing trades. Just be serious if you really want to know more about how to profit in crypto.
I like this response, I am the type of person who believed that reading is the key to knowledge so yeah I agreed that if you want to make a profit in crypto then always read crypto stuff. However knowledge alone is not enough that is why you need experience, try to engage in more crypto stuff like trading, investment, and more. That knowledge you have gained will be your guide for example you could make a trading analysis out of the current trend in the market, that way you'll be able to win and make a profit.
Cryptos is pretty much like stocks, except with higher volatility. Go check out communities/ news sites like Reddit or Coindesk as they're rich in info. This forum does help, but I hardly see any trading tips or (shit)coin recommendations here.
On an unrelated note, is your username a quote from s1mple?
On an unrelated note, is your username a quote from s1mple?
To have profit, you must learn and control yourself to avoid FOMO and panic sell. Make sure you make your cut loss to buy back at lower price, and hold for long term investment.
Trade does not make you rich.
Margin trade makes you poorer.
Future trade makes you suicide.
One of the Best Weapons in Trading
Trade does not make you rich.
Margin trade makes you poorer.
Future trade makes you suicide.
One of the Best Weapons in Trading
Learn to control your emotions and learn to distinguish between emotions and instincts. Follow the latter as often as you can. There are things that helped me a ton during my crypto experience. The more I followed my instinct, the more I earned. The more I followed my emotions and fears.. the more I lost!
Crypto trading is way more unpredictable than any other stock or commodity. Trading analysis only works very well as long as the crypto markets stay in the same conditions.. otherwise, you might fail tremendously!
Crypto trading is way more unpredictable than any other stock or commodity. Trading analysis only works very well as long as the crypto markets stay in the same conditions.. otherwise, you might fail tremendously!
1. Promote projects aka ( bounty participation )
2. Buy coins
3. Buy graphic cards and start mining Ethereum
4. Buy PoS coins and stake
5. Learn trading
So far there are more ways to earn money in crypto space and the list still goes on most especially if you have talent about applications or finding bugs
2. Buy coins
3. Buy graphic cards and start mining Ethereum
4. Buy PoS coins and stake
5. Learn trading
So far there are more ways to earn money in crypto space and the list still goes on most especially if you have talent about applications or finding bugs
~
What're you trying to accomplish actually? Earn from your knowledge in crypto or earn cryptos?For the former, you could trade. Back then I watched Youtube vids made by CryptoJack though I am not sure if his channel is still live, but it taught me the basics on day trading in Binance back then.
For the latter, you could just offer your services in here. You could also do a freelance job in LaborX which pays in crypto.
learn basic trading technical analysis and fundamentals, because everything will be related to trading. trading knowledge will be very important in the future as you get to know cryptocurrency more broadly.
By trading you will find it easier to get profit (according to your capital). Don't just go through theory, but need trading practice to hone your skills. a lot you need to learn, the world of cryptocurrency is very broad and a lot of new knowledge is waiting for you to know.
By trading you will find it easier to get profit (according to your capital). Don't just go through theory, but need trading practice to hone your skills. a lot you need to learn, the world of cryptocurrency is very broad and a lot of new knowledge is waiting for you to know.
One of the key points you need to learn in crypto that is very essential is patience, but first you should start making yourself more knowledgeable about different concept before you apply that in your journey here, I would suggest that you explore as much as you want in the forum and take a look at some questions that you have in mind that is also being asked by other crypto users. You can also try reading some news about crypto and find some worthy experts whom you can rely on so that you can stay updated on the happenings in the crypto world.
you have recommendations regarding who to watch ?
One of the key points you need to learn in crypto that is very essential is patience, but first you should start making yourself more knowledgeable about different concept before you apply that in your journey here, I would suggest that you explore as much as you want in the forum and take a look at some questions that you have in mind that is also being asked by other crypto users. You can also try reading some news about crypto and find some worthy experts whom you can rely on so that you can stay updated on the happenings in the crypto world.
I am always interested in the history of messages from people who create threads with certain questions. Reading your message history, I see that you invested in bitcoin for a long time, then you had experience with Binance. Today you are asking what else you need to make a profit from cryptocurrencies. Identical questions from topic to topic. Do you want to be given a guaranteed way?
Buy Monero as you are interested in this coin. Buy bitcoins again. Try to invest in small amounts.
Stick to a certain position, to begin with. If this is an investment, read on and try it out. Theory alone is not enough. If you are interested in trading, in the same way, communicate in the topics on trading, ask for advice exactly about your interests. In the meantime, it is difficult for you to advise something specific since you don't know what you want.
Buy Monero as you are interested in this coin. Buy bitcoins again. Try to invest in small amounts.
Stick to a certain position, to begin with. If this is an investment, read on and try it out. Theory alone is not enough. If you are interested in trading, in the same way, communicate in the topics on trading, ask for advice exactly about your interests. In the meantime, it is difficult for you to advise something specific since you don't know what you want.
Use the buy and hold method
Many people make a lot of money by buying cryto resources like BITCOIN,RIPPLE, LITECOIN, COINITY, etc. and hold it till their price value raises. When their price value appreciates then investors cash in on them at a profit. In order to make profit you must take your time to study the trade movement to your full understanding before investing. What you about crypto is that the profit comes only if you give yourself to study the trade first.
Many people make a lot of money by buying cryto resources like BITCOIN,RIPPLE, LITECOIN, COINITY, etc. and hold it till their price value raises. When their price value appreciates then investors cash in on them at a profit. In order to make profit you must take your time to study the trade movement to your full understanding before investing. What you about crypto is that the profit comes only if you give yourself to study the trade first.
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