Post
Topic
Board Trading Discussion
Re: The market is confusing
by
virasisog
on 24/06/2022, 18:08:22 UTC
The market has always been like this, and I think it will be in the future. It’s just that for some reason everyone wants easy money, but it just doesn’t happen that way.

Quite correct and exactly my own sentiment. Furthermore, anyone veteran who used to be like this and had this kind of quick money mindset will now tell you that the fastest way to lose all your money is chasing quick cash. Slow money gains is where the real profits are at. Thats why hodling is always more profitable and less nerve wracking than trading, especially day trading (which is basically just flip-flopping until you burn through your money)

The volatility of the market might confuse us because the price movement of cryptocurrencies is unpredictable but we should know how to deal with it. The characteristic of cryptocurrency won't change so we should be the ones to adjust. Crypto offers a profitable investment but we shouldn't disregard the risks. It's not a shortcut to success or even a source of easy money so we should still be careful and always do continuous research regarding the changes that could possibly happen.