Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.
13 months ago, I bought SNTR worth about $100 hoping that in few months I'll wallow in milliions of dollars like Ian Balina , but the reverse is often the case in the subsequent ones I bought. Sad fact, $100 worth of SNTR 13 months ago now less than $2.
Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. I discovered day-trading tokens like DX token and Atomic wallet (AWC) could have actually make me what I hope to be If i had the right information. But its never too late. Yet, I am drowned in mentality that hodling for long can only be the fortune I hope for. Reason I need help.
Holding doesn't work too well these days. You should probably focus on holding few top cryptocurrencies especially Bitcoin.
SNTR is SilentNotary, right? I guess it's currently abondoned as it's worth almost nothing on coinmarketcap.
https://coinmarketcap.com/currencies/silent-notary/Yes It is. SNTR now swapped to CIL but with limited supply. So many hodlers accepted bad fate given by the team.
trading is not for everyone. If you will ask me about what is better between day trading and long term trading, my answer will be depends on traders skills. I'm a trader and I do not have enough patience to wait so short term trading is better with me.
For newbie, they can follow signals analyzed by the pro traders. There is a website which show professional traders analysis such as tradingview.com there you can learn how to do short term analysis to start daily trading
Thank you for the info. Quite useful at this time.
Day trading isn't as simple as just buying low and selling high, it just doesn't work much with altcoins in my experience you got to do it in BTC/USDT. If you take a look at the SNTR today, its almost worthless coin where you can't even see updates that can make the coin spike a bit to attract traders but with BTC the price can just swing in everyday where your chances of earning is much larger.
Currently the price of SNTR is $ 0.000001, the value is very cheap, why does the OP keep SNTR coins for so long when this coin has no potential, only 2 exchanges have SNTR volume.
I agree with you that it's better to trade daily with BTC / USD or BTC / ETH with great opportunities and you can play with your strategy.
I guess cos I didn't have any trading knowledge as at when I bought it. Now, I know better.