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lolok

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  1. In the past, paying apps could sometimes be interesting but now it's just a waste of time especially since the Covid because it works with advertising for the most part and advertising no longer earns very much. Instead, try to focus on airdrops and use those airdrops to trade crypto without volatility and stable to buy and sell nonstop to accumulate gains.
  2. One of the most famous billionaires in the world is Warren Buffet who is a trader and an investor. He only trades on stocks and forex, but what is valid for stocks and forex is also valid for cryptocurrencies. He became a billionaire by doing both trading (but not scalping or day trading) and long term investing so you have to do both. Sometimes both will work, sometimes only one of the two and sometimes none of the 2 that's why you always have to do a big analysis before, whether in trading or holding.
  3. Brokers can make money in a number of ways. The main one is on the spread or the transaction fees sometimes both. The second is on the introduction of new assets. The third is with the money in their homes that they try to make grow. And the last is sometimes on deposits and often on withdrawals. These are the main sources of income for brokers.
  4. For 75% of people it will be losses due to a lack of methodologies and mindset. For 20% some gains but not enough to make it its main activity and it will be necessary to try to improve with perseverance. And only 5% will really be able to make a living from trading and winning big.
  5. lolok

    Back up plan

    A back plan is very important. This is why it is necessary to make a trading plan before. You must have a strategy to know what to do if the asset goes down, stagnates or rises little by switching to another asset that seems to be performing better for example.
  6. Ideally, you have to buy low and sell high but when you buy something low (Bitcoin or other) nothing proves that it will not continue to fall after a small increase and when you sell high nothing says that it will not rise again after a small drop. It is also necessary to carry out an analysis of the volumes if there is more and more buying downwards with a start of an increase, this is a good signal to buy and if there is more and more sale towards the top with the beginning of a decline is a good sell signal. But this is not enough, we have to try to see, for those who have mastered technical analysis, if we have bounced off a major support before buying and if after that it has failed to pass a major resistance before selling. In addition to all this you must examine the news to know if it is favorable or unfavorable to Bitcoin (or other). And even doing all of this there is no guarantee that it will work, just it will increase the probability of success otherwise the whole world would be billionaire. I summarize : - monitor the lowest and highest - monitor volumes - monitor major supports and major resistances - monitor the news
  7. Selling Bitcoin at a loss if it drops to buy Litecoin if is in a good trend can indeed be a good strategy. This is called arbitrage between 2 assets to switch from one asset to another more efficient asset. It is an arbitrage technique that is often used in the world of equities and is very effective whether the asset we are selling is losing or gaining as long as we move to a more performing asset.
  8. It's a very interesting topic. I would add that on Sundays there is often a significant drop or just a small increase. This is because few people buy on Sundays and so Bitcoin has difficulty to go up.
  9. With some exchanges it is possible but if you want to keep a long term position having a wallet on one exchange and another on another exchange it may be better for Bitcoin in addition sometimes it allows you to make arbitrage between 2 exchanges that have different BTC prices. And normally it is better to keep some of your BTC yourself in the event of an exchange hack so to have at least one wallet on an exchange and at least one wallet of your own with private key.
  10. You confuse the price of a crypto with its real valuation which is its market cap. LTD has a large face value but its market cap is ridiculous if we take into account the fact that its money supply is only 63.99 which makes a maximum around 750,000 dollars if the 64 LTD are in circulation with its current price. So in reality LTD worths about 300,000 times lesser than BTC at the current price of BTC and LTD. The LTD has already quoted several million dollars during the crypto bubble a few years ago as well as another similar Nanox. Moreover the ranking of cryptos is done on the market cap and not on the price otherwise if a crypto had only one coin money supply would be worth millions just with a few satoshi of volume with a ranking of cryptos that would no longer have any meaning.
  11. When the Bitcoin market is boring I buy IBVOL (Inverse Bitcoin Volatiliy Token). When it drops sharply I wait for a big support and buy it. When it goes up I buy altcoins instead.
  12. The only book I've read is about Warren Buffet and his investment strategy. I mostly watched training videos and read online courses. But there are some great books out there for anyone who wants to buy them, the best is to use a search engine to find them. However, reading books on trading will not make you a successful trader. It will be especially interesting for you to find your own trading technique that you will first have to test before doing any.
  13. Well, I stop trading for a while, I reconstitute a sufficient capital and above all I ask myself if trading is for me. To not lose all, you first need to find a trading method, test it and then not risk more than 10% of your capital on a single trade (ideally a few percent).
  14. If you are a beginner it might be better long-term trading on a big crypto after a drop. After a drop when the market seems to be going up I do long-term trading and when the market is bearish I do short-term trading. And when the market is calm a mix between long-term and short-term.
  15. First you have to stop trading after a series of losses or a big loss. Then you need to change your minds by doing something else, for example a hobby that you like. And after you need to study your mistakes. To achieve this it is important to keep a trading journal to improve your trading by reviewing old trades.
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