Quote from: jostorres on Today at 07:06:22 PM

Quote from: Masplanc on July 15, 2021, 03:04:14 PM

Successful traders I have come across go into longtime investment , trading is not just acquiring cryptocurrency but trading comes from the mindset. If the mind is not on positive direction it can result to bad outcomes. And at this point now that the cryptocurrency price is low it's best time to go into longtime trading that will yield good profits in time to come.

Yes, there is the possibility of trading cryptocurrencies short term, but even at that you still need the mindset and to understand that there is risk, that you’re not going to be making profit all the time. And one thing about being a day trader is that you will have to be spending time in front of your screen to figure out where the market is heading next.

Though I have also seen people making use of bots, but I don’t know how reliable those bots can be. As for long term, you don’t have to do much, just buy when the market is very low and then you start to hold and wait for the right time to sell. Now that the market is down, anyone that buys and hold for a long time is sure going to make profit when the market goes up in future.

There's always a risk not only on cryptocurrency market but on other investment as well.Desperation would really led to mistakes because you would be doing such actions without any basis
and due to desperations then those actions would really be done.This is a common newbie move but as we do gain experience then we would really be that meticulous into our actions
later on since we had already experience on how we've been dumped down by the market.This isnt something that anyone could really dive in without any preparation
nor even realizing on how this market works or moves.