Quote from: macson on Today at 06:10:59 PM

Quote from: Kara3 on September 28, 2023, 07:19:52 PM

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.

The choice of Bitcoin in trading is not really profitable based on my experience compared to altcoins but when it comes to investment, we are certain about it. But, we must also understand that trading is not all about choosing coins, it is also all about the use of strategies and perfect timing. Because even if you choose Bitcoin, you will still have no assurance of a profit especially if you don't have deep knowledge about trading. Many people jump into trading with empty knowledge or just say, knowing only the basics - still, they suffer big losses.