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Is cryptocurrency really profitable ?
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[QUOTE="Sotherefore, post: 199121, member: 27033"] There are many people we met on different online communities who claims to be making a sustainable profitable by trading of cryptocurrency, but research stated that 90% of people who trade volatile market most especially forex and crypto currency lose their money most especially day traders, it has even been reported by the American trade commission that Americans only loses about 80 million in u.s. dollars in the last few months due to cryptocurrency. Now based on this research, it is only 10% of people who are trading the volatile market are really making money from trading. inasmuch as it is risky to trade the volatile market I believe the 10% of people who are able to make money consistently with cryptocurrency at those that understand the volatile market perfectly to a point of predicting the next movement of a particular coin or currency.. 90% of people who are losing in cryptocurrency are those people that don't have better understanding of the volatile market. if people are really losing so much in trading of cryptocurrency and forex, Then newbie should consider knowledge and understanding of the volatile market as the most important because this is what will help them to trade perfectly without losing. Now my question is does it really mean that it is only 10% of traders that are able to make money base on this prediction ? [/QUOTE]
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