Should you learn how to trade cryptocurrencies?

Should you learn how to trade cryptocurrencies?

By jordanjnr | Crypto Digest | 9 Dec 2019


This post took quite some time and effort to put together. I'd love a tip and follow to encourage my work. Cheers

Trading crypto is twofold.

You can either read graphs,draw trend lines and channels,use Bollinger bands and RSI indicators and whatnot to try and guess where the price would move to next,when to get in on a trade and when to take your profits and run like a guy being chased by a rabid dog.

Or you can buy low and hope the price goes higher than what you bought at,so you can sell what you bought at a higher price.(So basically you have no idea what you're doing.)

Obviously,most people are option number 2, although they'd love to be able to be option 1.

The thing is,learning how to trade cryptocurrencies is stressful and strenuous. It requires a lot of mental and physical efforts on your part.

Most people aren't into putting in effort.

So they pay for signals(or if they're REALLY cheap,they get free signals,which are 90% of the time used to fund scam coins and shit coins that are owned by the service).

By the way,a signal is a message sent to a trader telling the trader when and what to buy and when and what to sell,when to take profits and when to set stop losses incase they are wrong.

Professional signals can cost you about $200 a month and upwards from $3000 a year.

But you'd be making so much more than that right?

In theory yes.

But practically,even the most expensive signals are wrong sometimes.

The higher their cost doesn't determine their credibility.

Although they're not 100% reliable,good signals CAN and will make you money. Just don't expect them to be correct 100% of the time.

In fact,if you're even quick with free signals,you can take a fat profit and run,before the owners of the shitcoin sell all their holdings and render it useless.

But that's if you're quick,and I don't recommend you do that.(In fact,nothing in this post is a direct recommendation. They're just suggestions and corny jokes.)

So what should you do?

Should you go in blindly?

Should you spend thousands of dollars on signals?(Fun fact: Some services actually charge as high as $10 PER SIGNAL,which is just insane considering that 20 signals can be given out a day).

Or.....

Should you learn how to trade cryptocurrencies?

That question is entirely up to you.

If you do learn how to trade,you'd be responsible for your profits(which really feels good),as well as your losses.

You'd also save a ton of money that would have been used to pay for signals. You could even invest that money!

You'd also be able to offer your own trading signals to people for a fee,turning your skill into actual cold,hard cash.

But if you don't want to learn,there are great crypto signal telegram channels like Altsignals.io which give some really great signals.

Just don't mind their 99% accuracy rate do hickey claim, as no one can really predict the market.

This post took quite some time and effort to put together. I'd love a tip and follow to encourage my work. Cheers


jordanjnr
jordanjnr

Hello! I am a Blockchain enthusiast,bitcoin investor,CEO of BigTycoon group and I love crypto! Hit me up @TycoontechBlog on twitter!


Crypto Digest
Crypto Digest

Daily crypto news, updates and possible price fluctuation directions sound good to you? You're in the right place if that's the case. Please, always remember that we are not analysts....do your own research!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.