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[QUOTE="springtech, post: 87566, member: 29282"] With this post I hope to open your eyes to see what you are missing by not trading. What is trading in Cryptocurrency? Just as the name implies, trading involves buying and selling of cryptocurrencies (assets/coins/tokens). It employs the very basic principle of economics where a trader buys low and sells high. It is only not normal that when you buy a product, you buy when the price falls, and sell when the price rises. The same principle applies here. Traders buy crypto when the prices are in the res zone, and sell when the price moves to the green zone. Now take note that the price movement from the red zone (low price) to the green zone (high price) happens just at any time. It can happen in mili seconds, seconds, minutes, hours, days, weeks, months or even years. Look at Bitcoin today, current selling at over $50,000, it took over 11 years for this to happen. This indicates that patience is key if you must make profit from trading. Types of trading: 1. Day trading 2. Swing Trading 3. Trend trading etc The difference between all of this is how long it takes you to hold unto an asset before selling it off for profit. Some traders do this daily, in fact within hours of buying, once they see an appreciable increase in price, they sell off. (Day trading) While others wait for a trade to move from a loss zone to a profit zone, which might take days or week to happen. (Swing trading) Some other traders follow the market trend to make trades. If the price action is causing more pressure in the buy zone, they buy. If on the contrary the pressure moves to the sell zone, they sell. They simply keep taking advantage of whatever scenario the market presents. There is money in trading, dont wait till you have hundreds of thousands before you invest in bitcoin or cryptocurrency. You can build your portfolio little by little from the profit you make from trading. What is your view about this, will you start learning and trading about trading? [/QUOTE]
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