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Being a professional crypto trader
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Post: #26
RE: Being a professional crypto trader
(08-07-2019 04:44 PM)Kentemo Wrote:  +1, please please please, DONT buy a course. It would be better to use that 1000 - 3000$ and use it as learning money and start trading. Start with paper money (don't do it too long, trading with real money will be different mentally), read some investment books on the topic, understand technical analysis and market behavior of the market you trade.

You can also find a mentor directly. Somebody that is 5 years ahead of you. That does has value. An online course accessible for thousands does not. Please be smart with your money.

Just to clarify, the $1000 course while expensive is legit whereas 99% of what is out there are worthless scams. Taught by Brian Beamish who has been trading 30+ years at the highest levels (even at CME) and retired. The course itself is taught by him or one of his students and the free daily lessons I've attended online have been very small, not even 10 people. You also get access to a private chatroom filled with experienced and wealthy traders shooting out ideas too.

If you like the idea about being on a channel of bros that like posting their TA join this one on telegram: #chat
@unfolded public chat
https://t.me/unfolded_chat

Half the ones posted there are decent. Tradingview is another place you can get ideas: https://www.tradingview.com/symbols/XRPB...ge=BINANCE
(This post was last modified: 08-07-2019 08:00 PM by [email protected].)
08-07-2019 07:57 PM
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CaptainChardonnay Away
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Post: #27
RE: Being a professional crypto trader
I will go against the grain. If you can find someone legit to teach you then a course is absolutely worth it. I was lucky enough to find someone who turned 5 figures into 9 figures who taught me and some other students. Everyone who took the course with me is making money now.

There are 3 ways to learn how to trade from easiest to hardest
1. Find someone successful who can teach you
2. Get a job at a institution and have them teach you their proprietary knowledge
3. Learn on your own

The problem with method 1 is that the vast majority of people offering to teach you are scammers however it is the quickest way to learn.
The problem with method 2 is that firms require university education and even when you do land a job, it will take years for them to teach you everything.
Method 3 is the hardest.
(This post was last modified: 08-07-2019 08:42 PM by CaptainChardonnay.)
08-07-2019 08:36 PM
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Meliorare93 Offline
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Post: #28
RE: Being a professional crypto trader
I'm not gonna buy such an expensive course... Smile
08-08-2019 12:12 AM
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iThinkThereforeIam Offline
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Post: #29
RE: Being a professional crypto trader
Chasing the latest fads in a completely unregulated wild west type market where anything goes while following pied papers promoting courses that will make you rich too for just $999 in three convenient installments... tard
08-08-2019 01:29 AM
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Post: #30
RE: Being a professional crypto trader
(08-08-2019 01:29 AM)iThinkThereforeIam Wrote:  Chasing the latest fads in a completely unregulated wild west type market where anything goes while following pied papers promoting courses that will make you rich too for just $999 in three convenient installments... tard

I used to say the same thing about Bitcoin. Thought it was a fad in 2010 when it was $0.60.

In 2016, "people are actually paying $600!?"

I go on RvF.

"should I buy this? I want to make money"

"Bitcoin may go up or down. It's your choice"

Mid 2017, price is $3000.

"okay, fuck this. I'm not going to argue with reality anymore"
(This post was last modified: 08-08-2019 02:18 AM by [email protected].)
08-08-2019 02:17 AM
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iThinkThereforeIam Offline
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Post: #31
RE: Being a professional crypto trader
I'm not denying that some autists made money on cryptos.

I think the shady / pipe dream ICO boom, where tons of money was to be made is over and now what's left is shady speculative shitcoins that you can't even convert to cash easily without being accused by your bank of being a money laundering drug lord.

All that is left is the hope that some shitcoin will eventually find major adaption and the powers that be won't just make their own one if and when the time is ripe.
08-08-2019 03:17 AM
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Post: #32
RE: Being a professional crypto trader
I think most people agree the ICO market is dead. Could make a small comeback maybe in a few years, who knows.

Adoption is a meme. None of these coins are going to be used as digital cash due to way tax laws are written. Everytime you spend crypto on your fancy crypto card you trigger a capital gains tax event and that info is forwarded to your local tax authority. To make matters worse, your digital cash you just spent mooned a few days after you spent it. Bitcoin has pivoted to store of value.

Any speculative shitcoin can be sold off for coins with more liquidity and cashed out. If one bank refuses your cash out there are 100's of other institutions that will process it.

Central powers already have Central banks and fiat currency. What's the point in owning an digital asset that is constantly being debased?
08-08-2019 05:45 AM
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Vincent Chase Offline
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Post: #33
RE: Being a professional crypto trader
Some coins will get adopted, but 99.9% won't and most of them are scams anyway.
08-08-2019 01:57 PM
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Kid Twist Offline
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Post: #34
RE: Being a professional crypto trader
Bitcoin is setting up to be more of collateral with which you can use other exchange mechanisms alongside. Like any other commodity.
08-10-2019 08:40 AM
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