Hello Steemians |
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Assalam Alaikum to all my friends in the Steem For Bloggers community. are you all right My friends. I'm fine, thanks to Allah and I hope all my friends are fine too. So today I'm posting my post in this community and I'm going to participate in this contest, which is being held by @khursheedanwar and subject of the contest is Cryptocurrency investment.
Have you ever invested in cryptocurrency before?
Yes I have invested in trading and have been trading for one year and six months When I started trading I first invested in Bitcoin so I had no knowledge about trading. I used to just take signals from friends and place my trades accordingly the first month I had a small profit but after that I had a huge loss which made me stop training and start taking his information. Then I did two to three months of training which gave me a little bit of knowledge about trading and I was now able to trade on my own. After that I invested in Bitcoin, Ethereum, Steem and BNB because my trades were very small, I used to make trades of 5 to 10 dollars, in which I got a profit of 2 and a half to 3 dollars, which was very profitable for me. It was enough and still I am trading and I withdraw a good amount of money from there every month.
What kind of cryptocurrencies are you interested in investing in?
When it comes to which currencies are very good for futures trading, they include Ethereum, Shiba Inu, Dogecoin, Steem. As far as my favorite currencies are concerned, I am currently investing in Ethereum and Steem, but I am thinking of investing in the other three coins in the near future. The rest is the market's guess as to which coin will go up and which one will go down, but in reality no one can determine which coin will go down and which coin will go up.
How much do you know about the risk and potential rewards of cryptocurrency investments?
If we talk about it, trading is another name for it, it is obvious that if you want to earn something, you have to invest something, but there are two types of trading, one is spot treading and the other is future trading spot training doesn't involve as much risk as futures trading, that's why I'm still doing support trading. As I am a Muslim and future trading is forbidden in Islam spot trading is allowed in Islam so I support. And if we talk about the rewards, trading is very profitable. If there is risk in trading, then the profit is very profitable. It will happen and you will get a lot of benefit, so I would advise you to do your research and get full knowledge of it before entering the field of trading.
I hope you guys like my blog if you like then please comment below and if there is any mistake then please let me know below so that I can correct this mistake in future please allow me to leave. Take special care of yourself and the people around you. Allah Haifz
I invite my friends @waleedsiraj01, @azmat545, @azeem22 to enter this contest so that they can share their knowledge with us, Thanks.