Post
Topic
Board Bitcoin Discussion
Re: No risk no gain
by
leonair
on 22/05/2024, 15:22:21 UTC

You are right, there is truth in your words. I want to add that every novice trader believes that there is some kind of secret tactic for trading Bitcoin, but in fact there are only three trading styles:
waiting for the price of the cryptocurrency to fall,
waiting for the growth of the cryptocurrency,
trading in the price corridor.

And each of these strategies goes against the others.
And the worst thing is to start trading on one, and then switch to another. But often many do.

I also want to add the fact that we always take risks for the sake of earning by sending our cryptocurrency deposits to exchanges. This is also a kind of gambling, where there is both risk and a desire to earn. Centralized exchanges offer excellent conditions for earning money, such as Copying transactions of well-known traders, and Staking.
And centralized exchanges always can close with our money at any time or block the account for checks.
risk is the key of success. to get profit, you have to take risk. All investments are risky. But gambling is more risky. You can increase your return on investment by making different types of forecasts and through different types of analysis. But if you gamble you won't gain much by making predictions as it depends on your luck how much you win. So gambling should always be avoided as an investment.  Cryptos are less likely to give higher returns at any given time, so the risk here will be a bit higher. If you want to get something big, you have to take a big risk. It must be accepted by all