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RE: 5 Common mistakes new traders in crypto make

in #bitcoin6 years ago (edited)

A few points here but mostly waffle. If you're going to trade you want to separate some money for making profit, with the money you want to invest in projects you love, (because you might want to actually use them!) There are coins like TRX, EOS, that are platforms with dapps that can be enjoyed. There is Steem that can help bring extra traffic to your online projects etc... so this is investment in long-term utility or use-case today.

Trading for profit means you're using a portion of funds, probably moving in and out of Stablecoin, to ride trends moving upwards, or short (sell) in order to accumulate.

There is no secret formula but there are multiple coins with recurring opportunities to ride, in this brilliant, volatile nature of crypto, a young market.

It's here you learn to realise that every rise in price will come down again, hence you can set several targets.
There may come a time the market will run away from you, but you have to average your losses with those opportunities you capture.

All this opportunity may not last as the market matures, but for now there is a lot of trend-riding to do! May the Force be With You!

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These are basic points I made that have helped me, but this won't work for everyone. I agree with you that Dapps are basically the future of crypto. Ethereum, Tron, EOS, and Steem are all platforms that give small businesses the technology to build and sustain a business on top of the blockchain. So all of these blockchains already have use cases as long as long as people develop on them. I'm invested in quite a few dapps myself, and I'm wondering if I should invest in dStors?

Well put. No different than any other investing...stable/risky