Obviously much could be said on this topic but I'll keep it short.
Personally, I like trading as sustainably as possible for the long run. This means that I don't take high risks. The reason being that I can't afford to lose much.
If you are someone who invests in 100s and you are looking for ways to build a solid passive income stream, this is the way! Let's be straight, you won't have much profit (but you can get up to 25% profit with the right investment). But still, I'm making a small but a continuous income off of this investment.
Final remark, if you are looking for a short term gain, you are looking at volatile coins. That way, you flick 'em and get out quickly. If you need long term gains, you should focus on potential for growth. Now, tomorrow, or next year! $TNSR $SAGA $BTC #SAGACOINUPDATE#Write2Earn#bitcoinhalving#tnsr#BullorBear
Many people ask me if there's a risk in #BinanceInvesting - everything in life has risk, so does crypto currency. Look at how far $BTC has come.
I'll give you an example. New currencies are usually volatile - their depicted value fluctuates so fast that you won't know if it will go up or crash down.
Talking about volatile, alcohol is volatile at a certain temperature. But, with a tight bottle, it can come out as a 1000 year old whiskey that sells for high six-figures.
My point is, it's not the market that will win you but your attentiveness to small changes.
Many people are talking about how you should invest if you are a newbie, most of them just for the sake of it. Here's two solid pieces of advice I wish I had when I started.
1. There is no mind game here. The rules are simple: buy low, sale high. The rule applies whether it's $BTC $ETH , or $TNSR .