Very good rules indeed! I would also add: DO NOT daytrade, even though the cryptocurrency market is very volatile, daily trading is just a terrible idea. Try to look for patterns in a longer term. Long term = win
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Very good rules indeed! I would also add: DO NOT daytrade, even though the cryptocurrency market is very volatile, daily trading is just a terrible idea. Try to look for patterns in a longer term. Long term = win
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Day trade is may even be profitable
It might be profitable IF you are extremely good at it. Otherwise you will be much better off hodling. Moreover, day trading will eat your brain. Before you notice it, you will be 24/7 looking at the price, having tons of alarms on your phone and so on.
Not worth it, been there and never again :)
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How profitable it is also depends on the tax rules in your country. In certain countries taxes will eat your trading profits.
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