Post
Topic
Board Economics
Re: Finding it hard to keep up with Crypto Economy? Read this . . .
by
Grasper
on 25/04/2023, 17:48:05 UTC
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The article does suggest the use of bots for trading. Now I am not sure if the writer is a keen investor and trader or not, but bot is something I dislike all the time. Considering the fact that trading itself is majorly risky due to its volatility, it's always better to make with our own research, technical and fundamental aspects shall always be studied before investing.

But using bot does not in any way stop a trader from making personal research about the current market, as using a bot will only be an added advantage to assist such trader execute trades in his absence when requirements are met.
However, it seems you miss one of the most important key points for staying safe in crypto investment, which involves "Buying an amount of Bitcoin you can always afford to get at that moment & Never you take a loan just to invest in Bitcoin", hoping its price will skyrocket in either a day, week or months and then sell to repay loan & have some profit, which never works that way due to its volatile nature of cryptocurrencies.
Yes, what the quote means is suggestive not mandatory to be a must, it's a choice. Opportunities are many are with crypto, trading it is one of them and the most wonderful aspect that can make traders to get rich easily and much. The problem with it is that trading is hard and it can be deceiving one until all the money is lost. Finding the best knowledge and trading experience can lessen this risk. The risk is the reason for most to prefer the owning and holding, but it must rise to make any gain and can be tempting.