The same thing happened to my friend. He took out a loan to invest in a cryptocurrency. But the market fell badly after a short time. It caused him huge losses. Now, he is in a better state, both financially and mentally. Loans increase your risks. So traders should invest with their own money, that too which they can afford to risk.

In terms of market cap, Bitcoin is so far the largest cryptocurrencies which is the reason why other cryptocurrencies tend to increase when the value of bitcoin increases. And when BTC falls, it is likely that other players in the space will follow the suit.

Scammers are getting so smart today that they will “trade” with your emotions. I think we should be more careful and think about the risk factor first. The money-making potential of cryptocurrencies can make us hungry. But we should make our decisions with proper research and thought. 

Clearly, the main difference between the two is the nature of their existence. Gold is present physically, while Bitcoin is all digital. Also, Bitcoin is a modern concept, whereas humans have been using Gold for centuries.

The most obvious answer to this would be, as suggested by others, is to learn and clear your basics. If your concepts are at your fingertips, then trading gets easier and your account will automatically grow. Also, pay attention to how you learn things. Simply reading books or watching videos will not help. You have to make sure that you implement things practically.

Dump and forget! I think it  is the best way to avoid getting stressed about your investments not growing. But not everyone can do it. For some, this can be overwhelming. That’s why it is suggested to diversify your portfolio. You can invest in other commodities like forex and stocks, which also give decent returns at less risk.

The extent to which scammers today will go is limitless and scary. Traders should be careful and beware of the common scams. Moreover, traders should avoid becoming too close with someone here. It’s best to separate your personal feelings when it comes to trading.

Trading is tempting because there is a possibility of making so much money that many people do it without understanding its mechanics. That’s the wrong way to trade! You should trade to learn first. There are plenty of good resources that you can learn from. Do not make bad choices. We all have the potential to make the best out of it. So let’s use it wisely.

The complete cryptocurrency trading course for beginners that I found helpful is:
Cryptocurrency Fundamentals: Buy, Sell, Trade Cryptocurrency: https://www.udemy.com/course/cryptocurrency-fundamentals/

A lot of people actually do it but it is not a good way to start with. You may never know how the market behaves and the last thing you’d want, while itrading, is to pay debts. Moreover, people change. So it’s better to use your money. Start with a small capital, but your own.

As a trader, if you critically analyse your trades, you can find out the loopholes that are stopping you from being profitable. Many new traders don’t analyse their trades and avoid backtesting. This causes hindrance in their growth. All traders should have a backtesting regime, regardless of  how well they have been trading. Their strategies can stop working but if they keep learning they will know how to exactly handle a never-seen-before market situation..

I agree. It is not as easy as it sounds. It is true that cryptocurrencies are the future. But the world still needs to accept the potential of Bitcoin and other cryptocurrencies.

Spencer. Great film! Kristen Steward added life to the film by playing Princess Diana.

Though businesses have started accepting bitcoin as a payment method, I still don’t like to spend it for such matters. It is better to either trade it for more profits or just keep holding on to your bitcoins.

Spencer. Great film! Kristen Steward added life to the film by playing Princess Diana.

All coins are reliable, including Bitcoin. The whole concept of creating this digital currency is to ensure that nobody can make counterfeits of them. If you are asking whether it is reliable to invest in Bitcoin, then I won’t be able to answer that, as governments are still dicey about these alternate currencies. It’s your call whether to invest or trade in cryptocurrencies.

Bitcoin has been around for several years but not everyone knows about it. That’s simply because of the lack of knowledge about technological advancements in all parts of the world. At the same time, there are some people who know about bitcoin and don’t find it interesting.

I don’t think everyone can be good at using mixers. They are confusing at times. It’s better to keep them as separate assets and build your strategies accordingly.