TRADING THE MARKET REQUIRES DISCIPLINE

If you’re just getting started, this is for you. Follow me for updates on upcoming changes and analysis.

I started trading in #BINANCE not long ago, mainly because of something called #interes compound. I’ll talk about that and my results another time.

Seeing, exploring, and discovering the world—not just #CRIPTOS , but the GLOBAL market. I’m about to complete my tenth day, and I’m truly working on some very ambitious plans for my SECONDHAND PORTFOLIO (for the future), where I’ll focus on investments. So, here’s what I recommend to new users.

Study what #Cryptocurrencies are.

How the dollar behaves against your #FIAT or local currency—in my case, it's the #COP . Why is this important? It's easy: you want to get the most out of it when making #CONVERSIONS. Imagine having 10 $USDC and converting them to Colombian pesos when the dollar is at $3,200, and then the following year the dollar rises to $4,000. If you understand, you know perfectly well that you could have earned much more just by waiting for the dollar to rise.

That's a very important point 🙂‍↕️. FOR those who didn't know.

Also, as you already know, there was a large release of TOKENS or cryptocurrencies on the market, causing the price of $ETH $BTC , for example, to drop significantly for many people. However, that's the thing.

"FOR NEWCOMERS: I WANT YOU TO UNDERSTAND THIS AND NOT BE AFRAID TO MISS THIS OPPORTUNITY". You can take advantage of it as follows: you can buy $ETH when it's down 4% or in the red, because that means it's cheaper in its own way. It won't stay like that forever. It will go up; there are always bullish periods. Sometimes it takes days, weeks, or months (this only applies to major #cryptocurrencies). When the market is up 5% again, that means you're in profit. You can confidently convert them to $USDC , knowing that you've made a percentage gain on your investment.

NOTE: Only convert when you know its price has risen enough against the dollar. Then, you can convert it to your local FIAT currency. "I'm working with relatively little CAPITAL in the screenshots, but it's an example to help you understand the topic itself."