I have been doing crypto trading for about an year now.
And here are some things that I have learnt that might be helpful for you.
The best time to buy your alt coins is when there is a big dumb so always keep some spare BTC to buy.
There are only 4 - 5 months in the whole year where you can make money in crypto. Day trade is different if you can do
Don't become a long term holder. Just buy in Crashes and sell in bull market then wait for the buying opportunity .
The other 9 to 10 months are there for you to do research and find the coins where you can invest in or work on other online businesses to make money and then invest that in crypto when the right time comes in.
The market has its cycles and it will be repeated every 6 months so when you buy alt coin make sure its at the start of new cycle.
Any coin can pump and dump at any time so make sure you are up to date with every news of crypto market.
The most imprtnat thing you need to make money in this market is patience. Always be patient and look for buying opprtunites.
8.You don't need skills to make money in this market because if that was the case then every crypto trader would have been a multimillionaire which most of them are not.
- lastly the most popular coins won't give you the bigger profits so you don't have to necessarily invest in popular coins . XVG is the most hated coin in the crypto space but you have seen the kind of profits people have made with XVG.
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In a year only you have discovered trends which are as long as 10 months?
Day traders make money all year long. Not just 2-3 months.
Your last point is wrong. You may have noticed Ripple and EOS. They came from nowhere in the top 5 in last 6 months. Bitcoin went from 6k to 20k in 4 months only.
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thanks for suggestions I will study more 🤗
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Thanks
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