February 13, 2022

I started watching tutorials about trading cryptocurrency and tokens and how it really works, perhaps I have engaging this sort of activity since Ive heard here in read cash. When seeing those people who became successful because trading, I was astonish with their achievement but I heard those statements of notorious vlogger which all of his content on YouTube constituents trading, cryptocurrency and tokens. His name was Marvin Favis.

He uses example about trading cryptocurrency which is Bitcoin and Coins pH. The main point here is that he elaborate the concept of trading about long term investment, like insurance which you hold a crypto for long time and waiting for a higher value of a crypto. He stated also known as (TP) taking profit were you can collect the profit only but your basic sum of crypto was subtracted because you withdraw it. As you can see the picture above, see his analysis. Figure 01.

He uses cryptocurrency (BTC) Bitcoin as example cause it's common and also the highest value before. He also shared the perfect time to buy Ethereum because it's price in the market was elevate approximately 86,000 which huge enough and gradually increasing as time pass by. Marvin Favis shared this to his various social media accounts including TikTok, Fb page, and YouTube channel. Many of his followers and subscribers are so happy because they've earn so much money unexpectedly. Now it's highest price of a crypto, as he promised it will going back to the highest peak of graph📈📉 no matter how low the price is it expect that it will return to it's highest price or even higher cause prices of crypto fluctuates eventually.

It is very nice decision when we use technical analysis about the history of currency which allow us to interpret and make predictions what will be the future price of a certain cryptocurrency.

Coins pH has different price

It makes me wonder when I have search in Google the prices of crypto or rate of a crypto, because it is different from coins price. Now It is because coins pH has its higher fees especially when you have cash in a certain amount and withdraw also. To conclude every transactions of cash in and out you've made has a fee.

When you have hold your investment it is called long term income and in trading short term income but it doesn't grantee earning consistent specific value cause it is risky also because the rates of currency may fluctuates, it will elevate or down. An example when you have enter 1000 pesos and buy 12 pesos Xrp but suddenly the price rate was down to 10 pesos and your money becomes 800, Dont worry about that your money will not vanish it is because the rate price of currency becomes low. Your money is still there you have just to wait the price rate elevates.

Perhaps when you think about risk it doesn't makes sense because when you hold that for long term and allow that for long term it will be there as long as you haven't touch it. The key here is that you go back to holding and wait patiently until the rate price while elevates.

Inconveniences of thoughts here.

I ask your understanding about the delivery of my thoughts here cause Im only beginners to touch about trading. Hehe, you can correct me from my grammar here cause Im just also learning how to trade effectively. Like it needs a practical analysis when we engage trading cryptocurrency. But thanks a lot for this tutorials of Marvin Favis which elaborates the basic concept of trading to Binance and Coins. It really helps me coping the basic concepts. To all crypto traders out there can you drop your critics here and make corrections my thoughts cause I think there's so much misconception when I write this content. The most important thing is that I gained knowledge about trading cryptocurrency and thanks to all vloggers out there who've making alot of profitable tutorials about trading.

Before I don't have any idea of trading until I was about to reach this platform which was gives me a hint through brilliant articles from different writers here. To those people out there if you like to share your knowledge please leave a comments and to those people who started to learn about trading and crypto just always seek free tutorials from various sites and platform through reading articles and watching videos online you can have that freely without any fees. All you have to do is to give them adorable feedback for their analytics because the more viewers and comments they gained, they are also motivated to share their knowledge about cryptocurrency and trading.