Post
Topic
Board Nigeria (Naija)
Re: Lack of knowledge is a bitch
by
Creeper0
on 13/07/2025, 12:23:39 UTC
I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.
This is entirely due to lack of knowledge and negative beliefs about Bitcoin. Even these things happen to people who cannot learn from their mistakes. It is not uncommon for those who still consider the red market to be the best for selling instead of buying, to suffer losses. It is quite easy to say from common sense that if you use the red market to buy, you are more likely to get a green market when selling. If you reverse it, then the results are also reversed. Use the red market to buy and use the green market to sell. If you buy in the green market, you will have no choice but to trade at a loss in the red market and you will lose yourself.