Quote from: Fivestar4everMVP on Today at 06:37:04 AM

Quote from: CupCakeHugs007 on July 24, 2023, 03:15:53 AM

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

Of course you lose money if you do it this way bud, lol.
Making money from trading crypto is the other way around, that is , if you believe the price of the coin will go up, you wait find a good price when its down and buy in, then wait for the price to go up and then sell, when you buy when the price is low and sell at a higher price, that is how you make profit, but if you buy at a particular price and end up selling it at a price that is lower than the price you bought, you lose money.

Some people don't study the rudiments of Trading before they venture into trading, in normal circumstances if you want to make a profit in trading you most target when the price is downgrading, and make purchase and expecting to make a profit when the price happens to rise, in trading it's all about rising and falling that determine profit making and loss making also, so you have to take precautions and know the basics things of trading before investing, while some of us today runs into losse is as result of not acquiring the knowledge of trading and also not be acquainted with the rules and regulations of trading, so for we to trade out profit instead of losing our capital in trading, we need to advocate time and learn the primary things of trading.