Post
Topic
Board Trading Discussion
Re: Trade only Bitcoin
by
macson
on 23/10/2023, 18:10:59 UTC
Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?
The reason why it is important to learn more about the asset you are going to trade is so that your money doesn't float away.  Bitcoin is a very volatile asset, but the reputation and liquidity that Bitcoin has are very high compared to altcoins in general, but there are also several altcoins that are quite common. traded by people such as ethereum, bch and bnb, while the assets you should avoid for trading are meme tokens and tokens that are just based on hype (such as DeFi and AI tokens), don't misplace your money in an asset when you trade, your money will be difficult to get back.