Post
Topic
Board Trading Discussion
Re: Why are people getting scared to Trade
by
Gaza13
on 24/05/2024, 17:01:32 UTC
There are many reasons why we don't see many people afraid of trading in the crypto world, first they have to be prepared with a strong mentality and have to learn many things in trading, not only with capital they can trade. In crypto, the market price is very fluctuating all the time, it is very risky if the fundamentals are still lacking, there could be panic when there is a market correction. Most people are still afraid of the online world because they are still unsure about the future development of cryptocurrency, whether it will continue to shine or will be hampered.
We have to know that the world of cypto investment has two options, spot (long term) or future (short term). If we are not ready and have enough experience with one of the things I mentioned above, such as future trading, it would be better for us to avoid this trading. Futures have much greater risk than spot. Even though experienced people will definitely have that fear, it is a normal thing that happens if someone wants to trade. The reason is that they only speculate on the market, none of the indicators they use are truly correct or perfect in determining the price.