Quote from: Compromise me on Today at 09:58:04 PM

Quote from: Btcalysis on March 14, 2025, 07:32:32 PM

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Yes, you are absolutely right. You gave excellent idea to the new traders. We saw many traders who entered in the market with full energy but after became unknown because they lost everything in trading by illiteracy of cryptocurrency. They should get knowledge first then should take small steps to take experience. With time , you will get information about market and you will become successful after 1 to 2 years but continuously learning is necessary to win in the game of cryptocurrency.Every trader faced loss and every trader will get profit with time but with time ,you have to analyze the market situation and you have to take fundamental analysis.

Many new traders are those who want to get rich quick as traders. That is not justified - I mean, the price will not increase 10x overnight and they cannot expect something like that. Trading is definitely a risky activity - so it requires extra consideration and in-depth analysis. As a trader - every time is an opportunity to hone your skills in analyzing the market, of course it is useful for them.

I also had a desire to get rich quick in the beginning - but I never wanted to maintain that wrong mindset in the long run. Over time my trading style changed and I lost a lot of time to monitor the market - that's why I stopped trading and decided to become a long-term investor or holder.