Good evening! I hope you are well and looking for opportunities around you. And you are in search of me as I look into you. Of course, Buddy I am Muhammad Atif guiding you about trading in cryptocurrency.
Firstly, my friends before teaching you I will erase some myths from your mind related to cryptocurrency. Like enter into the cryptocurrency and you will get rich overnight. Invest 5 Dollars and overnight you earn 500 or 5000 dollars. Then I will tell you honestly, this is all about follow your shadow blindly. All are Hypocrisy and falsification to you.
Yes, it is only possible when you have completely studied and researched the desired coin. You examine the authenticity of the project and the pros or cons of related projects. For example, I shared with you a timeline of Bitcoin, in 2011its price fell between around 1$ and more than 1$. In November 2013 the cost is in between 350$-1,242$. You notice the price difference of one Bitcoin over the year. More interestingly if a person buys 1Bitcoin in 2011 1$ and holds it in a spot trading, today July 2024 the price of that 1Bitcoin is around 67,00$. Yes, my friend, it is real and a real money value in the world. You also notice and examine this value over time on the website Trading view.com and also on the Coin market cap.
I give this example to clarify your doubts.
If you want to be successful in trading you need the following things. 1. Free time 2. Basic awareness of economic concern 3. Capital 4. Mental stability 5. The most important is Desire to constantly learn and try new strategies.
As above I give you an example mostly people come into crypto trading with the hope of getting rich overnight because of observing the high volatility in the crypto market. Buddy! I give you a clear understanding of the volatility of a crypto market you notice, keep in mind that the volatility factor is not a constant value it depends on many factors and cannot be forecasted precisely. Sometimes, volatility is even created artificially to drive up the price of a particular currency in the crypto market.
In the next blog, I will guide you about the cryptocurrency market and the psychology of the game. For more learning about crypto trading and tactics follow us on Page cabinet.com
Thank you,
Muhammad Atif.
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