Post
Topic
Board Bitcoin Discussion
Re: No risk no gain
by
dunfida
on 22/05/2024, 21:49:27 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
Success is never been that a guaranteed thing on which even if you do take up some risks but doesnt mean that you would totally succeed on whatever the things that you are getting involved with.
There would really be tons of factors on which it would really be affecting you in terms of success because not all will be taking up some risks would be ending up on having that good ending which of course there would really be those people who would succeed and there would be those people who would fail no matter how hard you do try. The only good thing on here is that whenever you do took up that risks then you would really be having that chance or opportunity that could acquire something in compare into those people who have done nothing or didnt do any actions at all, on which they would really be that having that kind of questioning into their minds that they've been still remain poor without even realization that they are really that not doing something on which its really that laughable into those individuals who do have that kind of questioning.lol

No pain no gain indeed and this is how this life works on which successful person are into those people who do make out that kind of risky acts and decisions for them to acquire such possibility that they
could be able to make up that kind of opportunity to earn more or making money which is more than into those typical earnings that you could get from your day job. It is really just that a matter of
hard work and perseverance and wise decisions in life.