Tip this post if you like it!
I believe that everyone has what suits them. And while some people may like trading crypto, others are ok with buying large amounts of it and holding it for 5 years, and then selling for a larger price.
I created this post to let you know if crypto trading is for you.
Let's get started.
Ps: As a side note, if you want to swap your BAT, DAI or other cryptocurrencies for Bitcoin or any other cryptocurrencies, you can do that feeless till February 1st 2020 here.
Answer these questions truthfully:
-Do you want to make quick money or you like the slow grind?
- Do you have time to check the charts at least 5 times a day?
- Do you have a large stash of Bitcoin or money, or do you have only $100 to invest?
- Are you ok with watching your trades decline everyday knowing you'll get out safe in the end of are you anxious?
If you answered yes, yes, yes and no to those questions, congratulations, you're a crypto day trader material!
To get started, you'd need education. Don't overdo it though, or you might get 'analysis paralysis' and never actually make a trade because you'd be too scared.
You'd also need a platform. Binance is great for beginners, and Bitfinex is great for established traders.
However, if you'd rather just convert every single Cryptocurrency you earn from platforms like Publish0x or from airdrops, you can use Changelly. It's a feeless, fast and automated way of converting any Cryptocurrency to bitcoin, Ethereum or a host of other cryptocurrencies.
Thanks for reading!