haplo80
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haplo80 started following Which one is more risky? Short term or Long term?, We always talk about panic sellers, but what about panic buyers?, What books have you read about Trading? and and 4 others
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We always talk about panic sellers, but what about panic buyers?
haplo80 replied to wilbertson's topic in Trading
This is one of the aspects that I have already talked about previously in this forum, and inexperience, as well as impatience can cause you to lose a lot of money, panicking easily and selling when you don't have to, despite the downtrend line -
I´ve never read a book about crypto trading, but reading this post I´ve seen some interesting, I´ll take a look because maybe worth it
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Right now I am 100% with Defi on Ethereum and Tron, how many interesting projects are coming out daily !! The most, Axion, Wise and DSP, but there are many more
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What you should be more careful about, by far, is of all the scam projects that exist, I advise you forums like this to try to keep up to date with the news
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Definitely, if you are an impatient person, much better hold than trade. However, if you have some market knowledge and recognize patterns, you will undoubtedly make much more profit by trading.
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I think long-term investments are always riskier because the very project on which the currency is based can fail, it is something quite common in crypos, so it is better to ensure small profits and continue to reinvest
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the most difficult thing is knowing how to interpret the trend lines of the value curves of currencies. Know how to identify if we are facing a bullish trend or the contrary
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I think that the most common failure when you invest in crypto is doing quite the opposite to this simples rules: Buy the rumor, sell the news. Buy the deep. Lots of people, like I say, just do the contrary...
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They usually do not realize their ignorance until they have lost money. Even the most experienced can fall into SCAM. Not to mention whale-triggered market movements
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Without a doubt, because of its speed and its minimal fees, TRX. It is true that the ecosystem is not yet as complete as that of ETHEREUM but the advantages that I have mentioned make it insurmountable for me in this regard
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The challenge is to try to teach it in an easy and fun way, I try but I recognize that it is not easy. However, as the world is today, I consider it general culture
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I recognize that the possibility of having significant earnings apart from the salary for working was something so attractive that it seduced me. But after a while it has become a habit and it is something that I just really like.
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Ignorance in cryptocurrency is your enemy fight it
haplo80 replied to Babubu609's topic in For Beginners
As I have already commented in a couple of posts, misinformation and daring will make you lose a lot of money in this business, it is clear that you must first know what you are playing and there´s no other way than giving some time to learn about it -
I totally agree, those who enter expecting a great return without learning how this business works are more than likely to lose their money, I have no doubt about it. I recommend to start staking but having learned about LPs