So in this section and we're going to talk about trading crypto currencies and I'm going to explain
to you the reason why more than 90 percent of the people lose their money when they are accessing stocks
currencies and commodities and other things.
I'm also going to show you why this might recommend this strategy especially for beginners.
So basically there are three ways to trade and invest in crypto currencies.
First property is so-called short term trading and it means that you are buying and selling cryptocurrency
is within the short term.
So let's say that you buy something on Monday the value goes up you sell it already on Tuesday.
So you hold it for one day or one week or something short term.
So you only take some gains and then you sell it.
Other option is long term investing which means that you buy a cryptocurrency that you think is valuable
based on the five steps that we have gone through.
Then you hold for one year to year even five years and you go through the gains and also the dips and
you go through all the way.
That's long term investing.
And the third option is of course doing both.
You do with some cryptocurrency should do short term trading with some of them you do long term investing
and now in this section of this course we are going to talk about this trading and in the next section
we are going to talk about investing which is like long term trading crypto currencies.
This is in my opinion what a good picture about cryptocurrency and Bitcoin traders what my friends think
I'd do is calculating the price is what my mom thinks I do.
Something say what I think I'd do I'm doing something like where to go investing strategies or how many
screens and all the other stuff was my so say the things I'd do.
It's just printing money making more money.
What I really do is trust gambling and this is what many people let's say 95 percent of cryptocurrency
traders what they are doing they are gambling with their money and Bremnes all of them have made profits
recently because the cryptocurrency have gone up so fast so it's easier to make money when prices are
going up.
But it's much more Taliesyn when it starts going down.
And this is another picture that shows pretty well how this market cycle psychology works.
First of all there is some hope then optimist that believes trading is so easy.
I would also add more to my initial position.
So some guys who have traded crypto currencies let's say one or two months they made let's say $5000
and say wow this is so easy.
Now I'm going to take known or I'm going to put all the money into cryptocurrency.
They have this these.
Yes.
I will tell my friends my two for a while.
So that's why we are going to be rich.
I should take a vacation.
But then something starts happening.
It's not going down.
Why am I getting margin call denial.
I'm to estimate it will come back for sure.
Panic.
I need to get out.
Everyone is selling.
And then an anger trading is not for me to market is against me and you sell.
And then it starts to go up again and you are depressed.
That's a loser.
So by following my tips you can avoid these kind of things happening to you.
Because this has happened to so many other people already in the trading world and it's so common it's
so common that 90 percent of traders lose money and let's say 99 percent of those who they think that
they are the best ones until this happens.
It goes down and they think that's a loser eventually.
So don't get excited when market is going up.
Always make your research before we move on.
I would like to show you a wonderful example about this kind of rating.
You have probably heard of Konik insert Bitcoin it's been connect and it was a famous Ponzi scheme Ahrons
cryptocurrency world and it went up when we first started it.
We're a low price.
Less than five million dollars market cap.
But then it went to almost three billion dollars one bitcoin it call in cost more than $400 and people
here were thinking when it was grown.
Wow I know this came.
I know this game that they were putting more and more and more and more with more money in and then
suddenly people realize it's a Ponzi scheme they don't need to close their store.
Regulators came and it went down and at the moment that connect is around 15 cents per one coin and
it's going to zero market cap is less than one million dollars.
And people have lost their money.
So don't people like people who invested in the bitcoin next by following my tips.