Hello to my fellow community members,
Friends, today I will tell you why I am not one of those people who trade in cryptocurrency even after being here on Hive blockchain. I am going to share it with all of you so that anyone who wants to trade and is confused about whether they should trade or not will get clarity on it.
So friends, first of all, I think that trading is not a child's play and it needs a lot of learning, and I actually do not have that learning, so I do not think I am capable of trading.
Yes, I do think that I can be part of long term investment where I can buy cryptos like Bitcoin, Ethereum, Dogecoin, XRP, and others because these are the top coins which are basically not in loss when considered in the long run.
When it comes to altcoins, I will like to stay away from them even in the long term thing because I have seen most of them going up very soon and then coming down.
One of my friends is a professional trader, and he trades on a daily basis. He is able to understand what is happening in a token even within a very small time gap. I remember there was a time when he used to buy a token and sell it on the same day multiple times and make a profit.
It is something which is simply not for me. I cannot sit and watch the prices going up and down, and moreover, I cannot handle the situation where I see a token going down right in front of my eyes which I bought just a few moments ago.
So friends, that is why I think I am good at writing blogs, and I am going to continue doing it. Yes, if someday I can learn and understand how these things work, I will definitely take part in it.
But for now, I think I am not one of those who should participate in trading cryptocurrencies. And as far as I know, if we start doing anything without knowledge, we only harm ourselves.
Especially if we are doing something that includes financial investment, we are going to suffer a lot. Be it stock trading or crypto trading, I think this applies to both of them. So friends, I think it is not necessary for every one of us to be a trader. I am a good writer maybe, and that is what I like.
I still earn cryptocurrencies, and I do not have to worry about losing money because I am not investing any financial investment into it. Yes, I am giving my time to it, and I think I am being paid for that, and I am happy.
So are you a trader, writer or find yourself in something else when it comes to Crypto world. You can also be multi talented as so many are but I am not one of them.
Thank you.