Quote from: Jegileman on Today at 08:18:31 AM

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?

Not everyone shares your feelings, but sharing your feelings is the best. People frequently seek to get quick money quickly, even if it means taking a risk; they ignore the risk and end up losing everything. Investing in altcoins is similar to gambling in that one cannot predict the outcome but can only hope to win.

Altcoins are referred to as gamble due to their significant risk of loss when contrasted to bitcoin, which has a higher potential for growth over time. If you trade bitcoin, you may be confident that the best will come for you later; otherwise, you will continue to lose if you trade altcoins, which can easily exit the market at any time because they can’t withstand the market volatile nature.

We can make more money from the market when we take the risk of investing or trading not just blindly but with a skill we have learnt so far from been a learner. The crypto market is big enough and we should always have a plan to invest in the market whether we want to invest in Bitcoin or altcoins, it is very important for us to make sure we keep buying and holding.

Although the crypto market is very risky but we don't have to be afraid of investing when we know for sure we are going to be profitable by investing in the crypto market. Thilose who had been in the market for a very long time and are traders would always keep up investing and holding.