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Edited on 09/05/2025, 21:59:16 UTC
Quote from: hyudien on May 02, 2025, 03:26:40 PM
Quote from: Wminiol on May 02, 2025, 07:16:22 AM
Quote from: Slow death on May 01, 2025, 10:59:41 PM
Quote from: Wminiol on May 01, 2025, 11:19:16 AM
Patience is good, but how to become a trader in 2025, now the threshold for entry into trading is too high, a lot of nuances.

If you can't make a profit with a small amount of money, then you won't make a big profit with a lot of money. In the case of cryptocurrency trading, it all comes down to patience, being able to buy low, waiting several weeks until there is at least a decent increase and then selling if there is a strong bullish trend reversal indicator. This is a market where people who HODL can make long-term profits, and you see, it is more advantageous to be a long-term investor than a short-term trader.

How do you know which coins to trade, which are better to avoid? How do you predict the growth of coins?
Trade reputable coins and understand the purpose of the project behind the coin then consider the market cap and also its liquidity and also see how big the community is supporting them besides that you should keep an eye on the latest news about the coins you are going to trade. Things like this are easy to say but will still be difficult to do because there are still many factors that will cause failure therefore trading is almost like gambling because after all the future cannot be predicted. As @slow death said it is better to be a long-term investor with one asset choice which is Bitcoin. Wink
These are the points on which you do need up to look into when you are holding up a coin for long term on which you can be able to say that it is that worth on holding because of having its utility and you can say that it does have the potential, but still you do need also to look out if the said coin does have that particular community support because everything would be useless if you wont be able to see that community support and recognition or simply with the demand. Patience is that important specially if you are holding or even on short term on which finding out opportunities on entry and exits does require patience and if you arent that good when it comes into this aspect then you will be that prone into tons of mistakes on which it causes up for you to have that mistakes and errors, although this one is inevitable but once you are knowledgeable then you can be able to lessen up the risks.

Patience is virtue as we do all know but too much patience will definitely be resulting into missed opportunities or chances for you to make money and this is something that you do need up to consider out first.
There's no way that you cant be able to notice out at the moment that you are in greens, it is just that there are those times or moments that you do become that desperate on which it will be resulting into those actions on which arent supposed to be done in the first place. There are those times or moments that you do have that hesitation on doing up decisions just because you've been that wanting something for it to be achieved or be reached out.
Original archived Re: Being a patient person is more important than becoming a trader
Scraped on 02/05/2025, 21:59:13 UTC
Quote from: hyudien on May 02, 2025, 03:26:40 PM
Quote from: Wminiol on May 02, 2025, 07:16:22 AM
Quote from: Slow death on May 01, 2025, 10:59:41 PM
Quote from: Wminiol on May 01, 2025, 11:19:16 AM
Patience is good, but how to become a trader in 2025, now the threshold for entry into trading is too high, a lot of nuances.

If you can't make a profit with a small amount of money, then you won't make a big profit with a lot of money. In the case of cryptocurrency trading, it all comes down to patience, being able to buy low, waiting several weeks until there is at least a decent increase and then selling if there is a strong bullish trend reversal indicator. This is a market where people who HODL can make long-term profits, and you see, it is more advantageous to be a long-term investor than a short-term trader.

How do you know which coins to trade, which are better to avoid? How do you predict the growth of coins?
Trade reputable coins and understand the purpose of the project behind the coin then consider the market cap and also its liquidity and also see how big the community is supporting them besides that you should keep an eye on the latest news about the coins you are going to trade. Things like this are easy to say but will still be difficult to do because there are still many factors that will cause failure therefore trading is almost like gambling because after all the future cannot be predicted. As @slow death said it is better to be a long-term investor with one asset choice which is Bitcoin. Wink
These are the points on which you do need up to look into when you are holding up a coin for long term on which you can be able to say that it is that worth on holding because of having its utility and you can say that it does have the potential, but still you do need also to look out if the said coin does have that particular community support because everything would be useless if you wont be able to see that community support and recognition or simply with the demand. Patience is that important specially if you are holding or even on short term on which finding out opportunities on entry and exits does require patience and if you arent that good when it comes into this aspect then you will be that prone into tons of mistakes on which it causes up for you to have that mistakes and errors, although this one is inevitable but once you are knowledgeable then you can be able to lessen up the risks.