Post
Topic
Board Trading Discussion
Re: Bitcoin Trading from Scratch
by
suzanne5223
on 15/03/2021, 11:47:03 UTC
You make a good point but I believe the first thing anyone should first do when want to trade Bitcoin successfully from scratch is to first understand the fundamental aspect of trading in order to be aware of what she will face in the future.

That's very important but the counter here was between a personal wallet and exchange. Understanding the fundamentals of anything you want to trade is vital if not you're closer to losing your capital as any slight movement in the market will take you off guard. An example is not understanding the circle in the market, there's always going to be a period when the market looks like it isn't holding back as it continues pumping but then a correction comes in.

Traders that weren't prepared for the corrections panic and dump their coins closing the trades at lost or lower than what they would had made assuming they held a little longer waiting for the storm to pass. This decision were taken out of ignorance of not understanding how the market operates.
Ignorance is the medicine that contributed the maximum to human poverty and it like a saying "the fear of poverty is the beginning of hard work".
I came to a conclusion about crypto traders that don't understand the fundamental aspect of trading which also ask series of questions (will Bitcoin rise again, when will another ATH market happen) about the market ever there's a dump as lazy fellows.