DON'T JUMP INTO CRYPTOCURRENCY

in cryptocurrency •  7 years ago  (edited)

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Some people just want to jump into cryptocurrency whenever they hear its going up or whenever they hear the price of BITCOIN is going up.

Most times some of these guys go into cryptocurrency Trading without any basic knowledge or guidance from an expert or amateur.


I've met so many of these kinda people in the past few months. They jump into cryptocurrency Trading and it's amazing that the first question some ask is "if I invest $1000, what will I get in a week or a month ?" they just want quick money.

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They just want quick money. Maybe 30% every week or month.

As far as I'm concerned cryptocurrency investment is a long term investment, but you can get some very good returns in a short time.

Yes. Some cryptocurrency grow as much as 1000% in 24 hours .yes 24 hours

In The screenshot below, the first coin grew by over 1000% in 24 hours.

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There ever 800 tradeable cryptocurrency, don't just jump in seek guidance.


Always seek guidance from cryptocurrency experts before buying any cryptocurrency. dont just buy a cryptocurrency because someone says it will grow, it could be a "PUMP & DUMP", so your own research and consult expert.

I always tell people "even if it means paying a friend to teach you the basics of cryptocurrency, pay to learn what you need to know"

how much will it cost you to learn what will change your life?

Paying your friend will motivate him to even show you some of his personal skills or strategy.

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But if you find a friend that will teach u for free, learn it, but be wise to say "thank you" with money or gifts at the end, because that friend spent hours and probably money to educate himself so he can teach you.

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Here are some cryptocurrency terms you should know in cryptocurrency Trading

  • Whales: these are very wealthy trader, they move the market. Whales on Steemit can make you cry (tears for joy) when they upvote your post. Lol

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Image source: Google

  • TA : this means technical Analysis. TA could be methods or tools used by experts to analyze and forecast the market.


  • REKT: bad day in trading. You lost.

  • FOMO ( fear of missing out): you heard bitcoin was $1900, you didn't buy, now it's going up, you're rushing to buy

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  • PUMP: when the price of a cryptocurrency is moving up 🚀.

  • DUMP: when the price of a cryptocurrency is coming down

  • HODL (holding): a term used to for not selling off a particular cryptocurrency.

  • BULL / BULLISH: positive price movement

  • BEAR / BEARISH: Negative price movement

  • ALTCOIN: any cryptocurrency other than bitcoin.

  • DYOR: this is my favorite. It means "DO YOUR OWN RESEARCH". Don't just go with what anybody said. Do your own research.

cryptocurrency investment is profitable . If you're reading this, you're already in the biggest cryptocurrency community (STEEMIT) . Interactive and make friends and you'll find great contents when you make use of the "search"
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If you still need some understanding about Steemit, jut click the picture below
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FOMO is real ...

Yea ya

I really like your posts , thanks for sharing :) I have followed you and looking forward to read more posts from you 👍

Thank you @maii click here for tips

I did read it and I left you a comment there . I hope you reply it :)

nice one! never selling my Beiber coins!

Oh, never heard of that

Great contents as usual👏👍

Thanks boss

Nice one, buddy. Keep steeming.

Thanks boss

You seem versatile in Crypto-trading, so on a professional advice level what coin would you advice i invest in with NGN 200k?

@oluwoleolaide for steem-lagos

Ehmm there are over 800 cryptocurrencies in the coin market and 200k is way way way bigger than the capital I started.

I started last year with 10k. I was on final year then . in summary I currently have a plot of land in Port Harcourt.

So 200k is a huge step

Oh nice.....what coin did you invest in?

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True

I saw your post in my facebook group Seemit Community. I have decided to upvote it for its quality. Thanks for sharing!

Thanks I'm grateful, following you already

Steemit is essentially where and how learned everything about cryptos. I also have a solid friend who got me into it and has been extremely helpful!

This community is very supportive and knowledgeable regarding crypto news for the most part!

Yes, personally I'm still learning cryptocurrency Trading. Can't wait bitcoin to hit $4000

ha was super close today. Saw on Quadrigacx $3997.75

Wow, what do you think the price would be by January