📢 Must know about these Strategies if want to Success in every Trade:😲
📢 IMPROVE YOUR CRYPTO LANGUAGE:
FUD = Fear, Uncertainty & Doubt.
FOMO = Fear Of Missing Out.
HODL = Hold on For Dear life.
MOONING = Price Going Up High.
FIAT = Government Issued Currency.
WHALE = Someone with A Lot Of Crypto.
BULLISH = Expecting the Price Go Up.
BEARISH = Expecting the Price Go Down.
FORK = When An Existing Blockhain splits into two seper- ate blockhains.
ICO = Initial Coin Offering. A Type of Crowdfunding.
ATH = All Time High. The Highest Price That The Coin Has Reached.
ALTCOIN = Alternative Cryptocurrencies Launched After Bitcoin.
WHEN LAMBO? = Used When Wondering When An Asset Will Cost Enough To Buy a Lamborghini.
PUMP & DUMP = A Scheme For A Manipulative Price In-
crease Followed By A Collapse.
🔥 Is the volatility of Bitcoin good or bad for trading?
While it's true Bitcoin is becoming more and more accepted as a form of cur- rency, the market is still fiercely volatile. Of course, this isn't ideal for Bitcoins use case as a store of value (although as you can see from the graphic above, the price is only increasing) but for traders, a bit of volatility can be the perfect storm.
Picture for a second two traders - one trades cryptocurrency and the other Forex. The person trading cryptocurrency is subject to extreme volatility but because of this doesn't need to have much capital and doesn't need to use leverage.
🔥Is Bitcoin doomed to be volatile forever?
At the end of the day, cryptocurrency is still young. Until a ceiling is found vol- atility is par for the course, as such you should attempt to embrace volatility rather than fight against it. It's impossible to say when Bitcoin will stabilise, but until that happens we recommend taking advantage of this once-in-a-lifetime opportunity.
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