Making money in the crypto market may not be as hard as you think. What is actually hard is not giving the money back to the market or blowing up your account.
The crypto market is a very volatile place for investments and therefore require consistent monitor if you don't want to get burnt. Unlike forex market where you can be a swing trader, day trader or scalp, if you leave some assets on swing for a long time in Crypto, you may end up getting liquidated or see that asset go to zero.
So like I always say, making money in Crypto is a game played by the 5% knowledgable people and the other 95% who just want to make money.
But let's take a look at three types of traders you can come across in the market.
1. The researchers, these one's always spend time digging on-chain information and they keep themselves positioned for what's coming. They are most times alpha callers and they use variety of tools to make research and filter the market noise. They are the fundamental analyst and are usually the ones who take profit at ATH because they have foresee what you don't know is coming.
2. The technical analyst: these set of people pick out projects and do their astrology to know when to ape in and out of projects, when to long and when to short.
Technical analyst are most times lucky cause they come across project through hype and ape in to make money.
3. The one's who chase the noise. These set of people rely on social media for alpha's. It doesn't always turn out well for them because they are usually the ones the other two categories dump their bags on.
You can't make money in Crypto if all you do is chase market noise, the market has never been quite and will never be, it is your job to filter out the noise and get the information with which you will stay positioned.
To whom small is giving, much is expected, I have given you my 2 cents hope it makes sense to you.
Hope you learnt something today, I am ticktalker and I always post crypto/educative contents.
Making each day count in the world of crypto is crucial for success. Plan, research, and learn to stay ahead. Keep pushing, legends! 💪💯
Until next time, stay SAFU.
Please whatever is written in the article above is for educative purposes only. I am not a financial advisor.
Be sure to follow me and turn on the notification, to see more of my articles.
