Post
Topic
Board Trading Discussion
Re: How do I not lose money in trading cryptocurrency?
by
taufik123
on 15/08/2022, 17:21:15 UTC
You just have to understand the market, you need to be able to study and know when it’s a right time for you to invest and withdraw your crypto currency. And also remember only invest money you know you can make back even if you lose the money.
_snip_
Basically people know investments where people want to buy and sell, as far as I know the crypto market is always viral when these two factors occur and the short and long term methods people also know about it, consider the type of digital currency the main thing.
Of course, Bitcoin is the main digital currency that must be chosen as the first investment. and for other investments ETH is recommended or some of the altcoins that are at the top of the list. The long-term method may be more helpful for those who don't want to look at the chart every day, but make sure it comes in at the right price. But for those who want to get quick profits short-term methods can be done, but the risk of loss will be higher due to faster fluctuations.

The last thing is, do research on every investment that will be made, without doing research you will not know what you are buying so you can make good management and strategies that will support the investment.