Post
Topic
Board Trading Discussion
Re: Trading can ruin you
by
EarnOnVictor
on 18/02/2024, 16:17:41 UTC
Crypto trading in general has the tendency of making one feel miserable, why? Many people just hear that "oh, this coin is low priced and has potential, let me buy and sell in a couple of months or so". That's the beginning of failure, you don't just see something new and then just jump straight into it without proper observation and understanding. Trading is very profitable, but not everyone can profit from it as not everyone is ready to sit back and learn about it before involving themselves in it.
I don't see it your way, except the person is not fully informed about crypto investment, especially in Bitcoin. Since my many years of trading and investment, there is no other asset that I respect like cryptocurrency when it comes to the ease of purchasing it and earning through it. You just need a little information about it and you will continue to smile to your wallet if you are wise and smart in applying what you know. Well, this is valid for the investment part of it, but for trading, though it is still easier for me than many other assets traded, still, trading will remain riskier and we have to be careful about it.

I always advise people who are not so rigid in trading to opt for the investment part of it. After all, it will ease the tension and risk involved, and earn for them depending on how good they are at it.