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Ashok Nayak

Crypto trading is easy but not profitable...

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On 10/10/2019 at 1:59 PM, Dprincebh said:

Bitcoin is a good currency to hold actually. But have a good strategy if you really wanna earn from trading. The market is very volatile and can easily become a loss.

Trading is very risky because bitcoin very volatile and we must have a good knowledge, good analyze and good strategy to success in trading.

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Crypto trading is easy for an experienced expert, but not for me, I still often experience losses after getting a profit. if trading Crypto is easy, maybe I'm already rich

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20 hours ago, leon said:

in trading you have to set a loss mark. when your coin is down on the set mark, you have to sold your coin and try to take recover from other trade. but if you hold that coin you could make big loss. it's a main rule of trading

Newbie traders don't know the cons of the business, so they will work naively and this will lead them to big loses. It's the way this business teach things.

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13 hours ago, apealing said:

Short is better in this days. You will realize that you are out of profits within some seconds 

No in these days I will not suggest for short term trading because in the long term the price of bitcoin will increase to a highest value so if you will hold for longer then you will get the real profit.

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Trading cryptocurrency in the market is not profitable if it's too easy.
Because you need to have enough knowledge and you need to get good experience.


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On 10/10/2019 at 11:55 AM, Ashok Nayak said:

I have stated Crypto trading on Jan 2018. For a few time I got very good profit.I was struggling form march 2018 after a massive dump of BTC. Now I have 10% remaining balance of my invested money. Waiting for a big move but don't know it will come or not. So now I am holding only BTC not other altcoins.

If you hold your btc than it's a good news for you. You have to wait more couple of weeks for making profit. The bull just hits the market. Thus you can again invest on crypto to earn profit.


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In doing trading we must know it's price movements.What it need is a good timing and a good strategy.I know there are people that became millionaires of doing day trading and I think one must be careful on doing it.

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