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Trading bitcoin is difficult for beginners

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Written by   24
3 months ago

We have heard so many stories from different people regarding their life changing phase with the help of bitcoin trading. We fascinate after listening to their stories and we think that we should also try it once. If we are crypto lovers but we do not have invested or experience anything then we found different tales on daily basis you might have seen on twitter that their $1000 turned into millions and they became millionaires.
To the outside observer it looks really good and everyone think that it is an easy way to become rich just one night and they think that by trading their is always a good side for you.
But it is not the reality of crypto market it is extremely opposite to our thinking Bing trader in any market is hard 95% of all traders fail most within a few months .

the market never closes ;

The market is open every time it means that people can trade in any time of day and night so it causes huge fatigue and fear of missing out for emotional traders even if we talk about the professional traders they also find difficulty because they also could not find where to invest they analyse the market minutely so just think that if the trading is difficult for experienced person so it would be also difficult for a new person. when beginners enter the market so they often ruins both their personal lives and destroys their finances.

Analysis is difficult
when we buy anything from store then we analyse that thing deeply and we can make analysis about the thing how long it will go and we can make progress with it or not. We can know different things about store and other things which are related to the item which we have got but when it comes to trading of cryptocurrency then it becomes difficult for us we have only technical analysis for it.

there is a question that i am making money but why my bitcoin balance is down??

The interplay between altcoins and bitcoin adds a complicated wrinkle. Alts coins are not much safe and you are putting yourself in risk. When you are trading in Alt coins then you have be patience for it and you have to experienced for it. These both things are not found in new traders. When new traders enter the market and when they observer that they are in lose so they trade in panic. New traders think that usd would be profitable for them and they do not think that bitcoin is far more profitable for them.

Getting rich quick is easy, right?

in legacy markets, nobody expects to get rich quickly. Cryptocurrency is although give us unrealistic thoughts and we think that by trading in cryptocurrency we will become successful just in one night.
Crypto appeals the people looking to quickly turn a small sum of money into their retirement . We should keep in mind one thing those people who become rich just in one night with the help of crypto they are the lucky one. Further there is difference being wealthy on paper and in real life. The people who got success in no time their success diminishes in the same way.
when we are going to start trading then we should take smaller steps we should not first trade in bitcoin instead there are so many coins which are available in the crypto market and this market is fulled with coins so you can try your luck in those coins. If the journey is going profitable then you should enjoy in other coins but if you are still find yourself in difficulty then you should keep on doing trading in the same coins .

Conclusion:

risk management is boring but it is essential skill for trading if you know then you can make profit from trading because the whole crypto market is standing on risk management .

risk management is the real thing if we know how to tackle things then we can learn everything. We should be patience we should not do trading haphazardly. It is the most important task which we are going to do so we should give our full attention to it . If we are beginners and we are unaware of trading then keep in mind that we should not trade because trading is not the work of inexperienced persons.



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Written by   24
3 months ago
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Comments

Yes no doubt for the beginners trading is so hard I never have experienced this

$ 0.00
3 months ago

I never have experienced trading on Bitcoin but I hope when I will have enough I will try it for sure

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3 months ago

Can't risk for trading cause i don't have the skills but I hope I'll learn someday

$ 0.00
3 months ago

Wow you have trading skills and you can do very well but I don't have all the skills like you

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3 months ago

We should keep in mind one thing those people who become rich just in one night with the help of crypto they are the lucky one.

This is very true bro, it's all luck to them

$ 0.00
3 months ago

This is what I want to learn, trading :) I hope I can learn that soon.

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3 months ago