There is no luck in trading Crypto

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Avatar for BitcoinBaby
2 years ago

I am writing about teaching my dad how to learn to trade crypto and about crypto in general....and many comments mention that they hope...my dad will be lucky and make a profit.

Trading is not about luck people

Trading has little to nothing to do with luck, it´s about understanding the basics, knowing where the world is headed and perseverance during hard times.

If you do your research, if you understand what the world needs/wants/likes, if you find a project that provides that....with a team that´s serious about it. You know the chances are high it will pay off eventually.... as long as there is value and utility in your pro

In addition, often people comment that you never know what direction the market is going. This is utter BS, to trade you have to understand and anticipate the market and that is possible, it´s even easy, especially looking at the broader picture over a longer period.

Of course, sometimes the market chooses the direction of Max Pain but even that can be anticipated. You can risk manage that as well.
And no my dad and I are no day traders, we just like to hobby around. But I have been making nice profits trading so far and I am learning and improving daily.

Good Luck....No Thanks

So if you think trading is about luck....good luck saying goodbye to your cash and next time go to the casino you might have more luck there.


BTW I guess that the below Meme is not done in times like these right?

Thanks for the read, feel free to hit the like button and let me know your thoughts and what I am missing in my rambles.

My Dad Articles:

Teaching My Dad to Trade Crypto

Teaching my Dad What Coin to Buy

Free Crypto links

If you want a $25 bonus from ABRA all you need to do is sent $18 dollars of crypto (I used BCH as it has low fees) to your ABRA wallet. Switch it to a stable coin to make sure I would remain above $15 dollars and wait a week and you will receive that $25 dollars bonus. No strings attached, I tried it myself I got my $25 bonus and a $15 bonus on my first referral.
Make sure you are signing up with a friend's code like this one https://www.abra.com/ref/?deep_link_sub1=RCMPGGBFG to get that 25 dollars of free crypto.

For more details;
Abra (Cadabra) here you have $25 Magic Internet Money for Free

And if you don´t mind doing that KYC, try CAKE Defi as well. Your $50 dollars investment will earn you a $25 bonus.

Cake DeFi: Here you have to invest $50 dollars and you get 30 dollars for free. You can withdraw your 50 dollars at any time or use them for Liquidity Mining, Staking, or lending to earn more DFI rewards. The 30 dollars is locked for 6 months but earning you interest for those 6 months. https://app.cakedefi.com/?ref=197670

$30 CAKE DeFi for free and your $25 deposit back? Here´s How!
$30 CAKE DeFi for free and your $25 deposit back? Here´s How!

Celsius. Celsius Network provides a platform of curated services with fair interest, zero fees, and lightning-quick transactions. You can store your crypto and get rewards or lend crypto with low fees. Celsius has been around since 2017 and stated to always have the best interest of the community in mind. My experience so far has been good although I will not stake all my crypto with them...NYKNYC

https://celsiusnetwork.app.link/1046126043

Platforms where I Earn Crypto for my Content (Affiliate Links):

Torum - https://www.torum.com/signup?referral_code=bitcoinbaby

NoiseCash - https://noise.cash/u/BitcoinBaby

ReadCash - https://read.cash/r/BitcoinBaby

Hive - https://hiveonboard.com/?ref=whywhy

Peaked - https://peakd.com/register?ref=whywhy 

Publish0x - https://www.publish0x.com?a=l9avg4xnbG

 

Exchanges where I trade Crypto (Affiliate Links):

BitVavo Exchange- European. Higher trading fees (0.25 %) & Great Customer Service - https://bitvavo.com/?a=C21A94C2FD

Kucoin Exchange - Hong Kong. Okay, trading fees (0.1 %) & Contains a lot of low cap gems. Customer Service takes time - https://www.kucoin.com/ucenter/signup?rcode=rJ821BX&lang=en_US&utm_source=friendInvite

Bitmart - Global (USA allowed) Low, trading fees if you use BMX (0.025 %) & Contains a wide variety of coins - https://www.bitmart.com/en?r=7XFCVy

Disclaimer

I do not have any connection with any company I am writing about. I am not being paid to write this article.

If you like my content, please hit like and subscribe. Because more Bitcoin baby Mistakes are coming......

Feel free to provide tips, comments, feedback, anything.....?
Remember that sharing will improve life in general!

Direct Donations are always welcome to keep me going:

BTC: bc1qdsrg7qaefxvel6hn6mjemjd4c8jjs40sasyvkp

ETH: 0x4216fEC23Ae7A7d9c46143Ce56C3e8f301F9868c

Bitcoincash:qqesav8kuwcrhl4y8qs9zfjg90cf8dnlkyz43u9w6u

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$ 0.75 from @TheRandomRewarder
Avatar for BitcoinBaby
2 years ago

Comments

You're right about the sad things, but I think the world of cryptocurrencies is a little bit about luck. Think about it, you bought the shiba inu when it first came out for a very cheap price of $10, and a few months later your $10 is worth a few million dollars, thanks to elon musk. If that's not luck, what it is

also great content u get +1 follower :)

$ 0.00
2 years ago

Well your $10 would not have been millions, but I get your point. The thing is even that crazy prise increase could have been foreseen (sort of). The popularity of meme coins was there at that time, the project did a very good promotion ...but yes indeed the Elon factor is about luck....the same is the case for many projects because every project that makes it needs that elon factor....that little bit of luck and timing to stick out above the rest and get noticed.

$ 0.00
2 years ago