Post
Topic
Board Altcoin Discussion
Re: It is not easy to make money in cryptocurrency
by
gabbie2010
on 10/09/2020, 06:05:13 UTC
If you are a newbie then crypto is a very dangerous place for you. You need to understand who not to trust first. Also no risk of no rewards in business. So think it as a business and gain more experience. You can make a good amount of money from crypto after that.
Absolutely, without good knowledge and experience, you shouldn't make money in crypto. That's first thing first and therefore you have to shift your focus from earning to towards the learning. When you get some experience and knowledge about the crypto market then you will start seeing things more clearly. 
If you got enough experience then you can all out in trading knowing the fact of high risk you will be extra careful on buying and selling at trade but always remind yourself not to get too greedy as newbies always do. Remember to make profit rather then making a loss.
There is no clear short-cut to becoming a successful trader gaining the require experience is the key to make profit consistently while taking money management as key factor also contribute to it.
Greediness and getting to get rich quick has lead to a colossal loss of funds by some newbies who just wanted to trade fast and make money quickly not mindful of the risk involved in trading cryptocurrencies while getting rekted at the end.