Hello everyone. Outside the window on November 6, 2020. Bitcoin is flying to the moon without stopping. People are in a panic. They don’t know what to do, buy it or sell it.
I will say one thing, selling bitcoin in order to wait for a lower price later and buy more coins is a bad idea. I recently sold a whole bitcoin for $ 10,700. Pancake was fixed. I also hoped to make a hundred or two bucks.
There is huge competition in the cryptocurrency market today. Some sell, others buy. Complete darkness and house. Fundamental and technical analyzes that are familiar to traders do not work.
The crypt now resembles a huge herd of penguins or other wild birds, which you look at and never understand in which direction this bird swarm will begin to move.
Playing this dangerous game – trading, it is possible that there will be lucky ones who were able to guess the direction of the market. And the market will still float in the direction on which the bet was made.
Looking at the history of any cryptocurrency chart, it seems that everything is clear: this is where we had to go up – it’s obvious! And here, judging by this candle, the coin flew to the bottom, though not for long …
All this is figurative of course. I did not attach a specific screenshot.
Cryptocurrency Futures Trading
Quite recently I discovered a new type of “earnings” for myself. Why is the word “earnings” in quotation marks? Because it’s more like a drain on money.
In the winter of this year, the Binance exchange opened a new opportunity to earn money – trading in cryptocurrency futures. In short, here you have to guess whether the price will go up or down. Or, as the stock speculators call it: to shortcut or zalong.
Experienced traders say that in order to learn how to make money with this craft, you need to spend a lot of time in front of the terminal. Lose money and most importantly do not enter with a large deposit!
I agree with everything. But!
What is a small deposit for you? 10 dollars? one hundred? 1000?
So it would be more accurate to say – try your luck with that bag, how much you do not mind losing.
But people don’t come to trade cryptocurrency to lose! At a time when the image of a successful trader has already formed in my head, sitting under a palm tree with a laptop and a cocktail.
Have you ever thought that for many people, money is more precious than time?
Personally, I donated almost a month of my time and of course money in order to try my luck in trading.
And it didn’t work out for me!
I tried to open my brain to knowledge. I read several books on trading. He made many interesting discoveries for himself. I turned on the turbo mode and turned into a rebel who did not dwell on the opinion that in order to trade, one needs several years of experience.
Trading is a casino
Luck. Not the last ingredient in this dish of success. And money is a lot of money that you are always mentally prepared to lose.
After all, no matter how experienced a trader you are, in cryptocurrencies, and especially in different AltCoins, it is difficult to predict in which direction the price will turn. Even the “bullish hammer” and “the hanged man” (the name of the candles indicating a reversal) will not help here.
My wife used to say to me: “Don’t get involved in this business. Trading is not yours!
And until I try, I won’t believe it.
But this occupation is very catchy for me. I still stand on the side of those who still believe and even know that trading is a profitable craft.
To be continued…