Part-2: Promoting the globalization, adoption and understanding of cryptocurrencies

Originally Posted: Publish0x
Original Title: Part II - Promoting the globalization, adoption and understanding of cryptocurrencies, helping to encourage the undecided, motivating the skeptics, some reasons to become a crypto asset trader.

Cryptocurrencies are all the rage right now and for very good reason, which is that they have the potential to provide traders with a high return on their initial investment in a relatively short time depending on the strategy they use. However, while becoming a successful cryptocurrency trader is not easy, it is not impossible either.

Some time ago, when I was starting out in the crypto world, although I must say truthfully and without false modesty that I am still in that phase because every day I find something that I simply did not know, - I have to stop raving , - said that when I started in the crypto world (at some point I will do an article about it), the first thing they taught me was:

⚠ 90% of traders lose 90% of their capital in the first 90 days.

For me that "famous statistic" at that time was just a banal phrase (I was neither cold nor hot, as we say in my country, it was another Facebook post to gain likes), but "Karma" does not forgive, when I "burned" my first account (and yes, there were several), I regretted my arrogance. There is a popular saying that says: "... no one punishes someone else's head...", but, in case they are of any use to you, I give you some of the rules that I consider are important from the moment you decide to invest in crypto assets, although you can use them in any market.

📌 Define who you are: trader or investor. Just an example: Some time ago a person relatively close to me bragged about being a Bitcoin investor, he gets a red candle weekly and the only thing he argued is that cryptocurrencies are a ponzi, a real scam, and I rebutted him "Are you really an investor? If you are thinking of making profits in 2025, 2030, 2040, what are you doing looking at weekly candles?" With people like this: God, give me patience, because if you give me a weapon….
📌 Trading plan (investment) and strategy that you are going to follow, that is the first thing, otherwise you are only entering the market to "bet" like in a gambling house.
📌 Locate market trends and join them, a hackneyed but very true phrase is that: "the market is your friend...", flow with it. Two important clarifications, firstly, for a purely psychological matter, we feel better joining an uptrend than a downtrend; however, the other side of the coin is that it is more difficult for us to maintain our position in an uptrend than in a downtrend; second, that the market is your friend does not mean that the market is our friend, its raison d'être is to take away our money.
📌 Go against the trend, very lucrative, not suitable for "heart patients", big mistake for newbies. Leave that to the market gurus, it's very expensive to fight with the trend, don't jump in if you don't know what you're doing, only very experienced traders are capable of detecting the right moment to open an operation with these characteristics.
📌 Changing strategy in the middle of an operation, the classic mistake of a chronic loser, be disciplined, emotions can betray you.
📌 Manage capital and your risk (that is a topic that I will deal with in greater depth in another article).
📌 Trying to "discover" which is the technical analysis that suits your idea of trading, for many it is quite complex, from personal experience I tell you that my TradingView graph (it is the tool that I have used historically) was a jumble of layers: supports, resistances, Fibonacci, RSI, MACD, infinity and beyond, in the end, I didn't know when to enter a trade, today with a little more experience, and only a little, I'm just worried that my chart is As simple as possible, I use enough indicators to know: the price, the time, the volume, the direction and the strength so that with just "a glance" they allow me to make a decision according to my investment strategy.
📌 You must adapt to the market, there is no method, or a completely winning strategy, the market evolves, it is a "living" being (metaphorically), correct the errors that you detect in your strategy based on what you observe.
📌 Being a winning trader is not achieved at once, perhaps you can have many winning trades at a certain time, give a "blow of luck", but the true winning trader is the one with consistent profitability.
📌 Do not be ambitious, take profits when you have the opportunity according to the strategy you use, you must learn to design your trading to earn as much money as possible.
📌 Don't lurch from one trading style to another, create your own rules, your own method that you feel comfortable trading the market with.
📌 Beware of euphoria, a couple of winning trades do not make you “owner of the market”, but also do not let a series of losing trades affect your morale, do not give up, in fact, never give up.
📌 Use STOP LOSS in your operations, the failures are almost always in the trader, not in the system used.
📌 Do not trust the results you have in the short term, neither for better nor for worse, with enough time you will be able to mature; one, two, three winning trades can be luck, 40, 50, 100 winning trades is skill and mastery of what you do.

I am not saying in a bombastic tone: "... following these rules to the letter will make you a winning trader...", that is false, you will only be a winning trader when you have your own strategy (it does not matter if you copy or believe it), that you be able to apply it with discipline, that you manage your risk and, above all, use STOP LOSS in your operations; Cut your losses, don't let a analytics mistake turn into a disaster.

 “Everyone has their own forms of expression. I think we all have a lot to say, but finding ways to say it is more than half the battle" - Criss Jami.

"Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth" - Marcus Aurelius.

All of the Tools, Platforms and Applications that are promoted in this article have referral programs with which you can earn passive earnings without investment, however, I recommend that you do your own research.

⚜ Publish0x - Earn daily ETH, AMPL & $POT for reading or writing articles. Similar to Bulb.

⚜ AddmeFast, BscAds - Increase your traffic sources, your social media presence and earn cryptocurrencies.

⚜ Velzon Trading Bot - Cryptocurrency trading bot powered by artificial intelligence, percentage: 4.5% Daily (See article).

⚜ CoinInn - Trading - Bonus between $500 and $750, only profits are withdrawable (Need to complete KYC to extract).

⚜ StormGain - Trading - They can start without investment, capital is acquired with the Bitcoin Cloud Miner. Only profits are withdrawable.

⚜ QuantFury (JRRU2593) - Trading - Bonus in cryptocurrencies or company stock worth up to $250.

⚜ KuCoin,  BingX, Cex, PrimeXBT, CoinEX,  MoonXBT, BiBox, BitYard, ZooMex - Trading - They offer different bonuses.

⚜ CoinMarketCap, TradingView - Indispensable tool for traders.

⚜ Bitrefill - Living with crypto, a philosophy of financial freedom. Travel, play, eat and live with BTC.

⚜ Nowpayments - Non-custodial cryptographic payment gateway that allows merchants to accept payments in more than 50 cryptocurrencies.

⚜ Mosdex - AI-powered cryptocurrency arbitrage betting platform.

⚜ StormGain affiliate program, Wallet HandCash, Wallet Guarda - Make money and/or cryptocurrencies with affiliate marketing.

⚜ Ledger,  BixBox02, Ellipal Titan, Keystone - Hardware Wallet.

⚜ NFTify Store - To create your own NFTs store, without investment, no codes. 

⚜ Books & Other Tools - Some things you may find interesting.

"You will ask yourself: And if I take a risk and lose...? I will ask you: AND IF YOU RISK AND WIN? Success begins with thought, because sooner or later the man who wins is the one who believes he can do it. Do not be afraid of mistakes or failure, winners are not afraid of losing, losers are, in most cases the risk comes from not knowing what you are doing, so trust yourself, learn, be patient, manage your emotions and above all, enjoy the journey, what the wise man does at the beginning, the fool does at the end" - Anonymous.

💖  Donations From Good Samaritans & Patrons 💖

Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.