Okay so I'll admit that I am brand spankin' new to the crypto realm, but I am a very experienced retail investor in securities (usually day or short-term swing positions). From everything I've observed so far in crypto trading, well I don't mean to sound arrogant here, but it looks REALLY simple. Technical breakouts, dip buying at well established support, fibonacci retracement zones...this market is a technicians dream!! Everything seems to fit so well!! I think even just a basic understanding of technical analysis can go a long way to becoming proitable in this niche.
That being said, volatility is pretty substantial here as opposed to traditional markets. If you aren't already an experienced trader, cryptocurrency is probably not the best way to test the waters.
If you are new to the game, and absolutely have to invest in something, my advice would be to just Ronco it. "Set it and forget it". Go land yourself a sweet entry price and don't even look at it. Check back in 2019 and beyond and see where you're sitting. Watching markets as volatile as these everyday will damn near give you a heart attack. As always make sure to do your own DD before investing in anything, and prolly no more than 5-10% of your total portfolio would be a wise move. I think the world government...err...I mean centrealized banking, is going to start infiltrating this game way more than they already have. It's prolly best not to have too much tied up in this game.
Best of luck trading everyone!!
That being said, volatility is pretty substantial here as opposed to traditional markets. If you aren't already an experienced trader, cryptocurrency is probably not the best way to test the waters.
If you are new to the game, and absolutely have to invest in something, my advice would be to just Ronco it. "Set it and forget it". Go land yourself a sweet entry price and don't even look at it. Check back in 2019 and beyond and see where you're sitting. Watching markets as volatile as these everyday will damn near give you a heart attack. As always make sure to do your own DD before investing in anything, and prolly no more than 5-10% of your total portfolio would be a wise move. I think the world government...err...I mean centrealized banking, is going to start infiltrating this game way more than they already have. It's prolly best not to have too much tied up in this game.
Best of luck trading everyone!!
I believe you are spot on. I have no prior background in investment before I got into crypto and have to admit there was a steep learning curve. I am still learning something new every day. So for someone with your experience it should be fairly easy to make some nice gains. Good Luck to you and welcome!