Original archived Re: Being a patient person is more important than becoming a trader
Scraped on 07/05/2025, 08:06:22 UTC
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.

Gotta dig deeper into this topic looks like you could actually make a living off it

Gonna start with some cheaper coins just to get a better feel for how this whole thing wor