Cryptocurrency has great potential and capability to become Global currency in the near future. With its rise in acceptance and value, many countries are planning to accept it as their medium for transaction. Maybe in the future, it will be Globally accepted as a currency and mode of payment.

This is fascinating to see what 1 Bitcoin can give you in your country. Rightly said by @yazher, you can afford a basic apartment for 1 Bitcoin in some countries, and in other economically high countries, you can’t even afford that. So it totally depends upon the currency rate of any country that you can buy with 1 Bitcoin.

Like what @pickforbies said, I was even aware of the fake press release that Litecoin is accepted as online payment by the largest retailers. Which somehow raised the prices for Litecoin, but that rise was for a very short span. After Walmart published a statement that said the press release was false, the gain faded.

I think it’s not that we should try to look at different ways of making money if we look for financial freedom. However, it is stupid if you do not know the betting rules.

Nice pointers

The market isn’t our friend, and everyone loses at some point. People who blame the market dig without understanding how it works. It sounds too stressful but you should never try things without complete knowledge. As they say, “a little knowledge is a dangerous thing.”

Holding the Altcoins for a longer or shorter period of time depends on the trading style of individuals. Because the market moves as per their speculation. But sometimes, going for a long position can actually be profitable. So basically, it depends on the market conditions and target set by the trader.

The learning of blockchain is a great idea for anyone looking to invest in a career that would see them stay ahead of the curve. But I will not suggest leaving your current job to run into blockchain because it will take time before you pick up the right skills.

This test is a good way to get started with your knowledge about bitcoin if you are a beginner.

There are no pre-set rules when it comes to trading. It’s best to create your own trading plan and rules and stick to them. While trading with Coinexx, I always do what worked for me while backtesting. I avoid hits and trials in the live market so that I can avoid unnecessary losses along the way.

Yes, I prefer solana for the short term too but when it comes to the long term, I prefer bitcoins and ethereum due to their high value and potential.

Some people only think about profit and forget how a certain wrong move can destroy everything. It's about time people start getting adequate knowledge on trading and then only continue the same way with effective strategies and go on consistently with logical thinking.

Correct. Other people’s experiences and suggestions can be highly beneficial when it comes to trading. You will learn what their mistakes were which will allow you to understand what not to do. You can also see what helped them succeed and it would help you in understanding what you can do. Otherwise, your own knowledge and skills matter the most.

Some day, those who aren’t interested in bitcoins will be jealous of you and wonder why they didn’t do the same. It’s only a matter of time and you still aren’t late at all. What matters is that you have started.

Yes! Trading is not a game that you can win in one or two rounds. It’s something that needs patience, knowledge and skills. I have also come across people who say that crypto trading is a scam just because they couldn’t keep up with the volatile market. Honestly, first they should learn all about crypto trading along with some patience and self control.

@jrrsparkles I agree with this strategy. Even I prefer selling at the peak as the best option for a bitcoin exit plan.

Yes, we can compare trading with business. You face losses but you also have to get back to it and start with new and better strategies.

The best strategy would be to get a motive to enter the market, set targets or use stop losses, learn risk management. Don’t go just for cheap rates when buying, pick a potential crypto currency to trade and most importantly, trade consistently.

I think everyone has their own preferences in trading and whether a signal provider would be beneficial for them or not depends on their trading style and knowledge. I think that trading indicators are also useful since crypto currencies are highly volatile.

Yes of course I am feeling good to see the increase of bitcoin. I hope the bitcoin value will surely surpass in the future upto 70+ which will give good profits to traders.

Both technical and fundamental analysis are the key to understanding the market.