Hello folks, I hope everyone is having a great time. I was a little busy, that's why I haven't written anything for a while. Last November, many things happened in the crypto world. The crypto market is full-on rock & roll mode as Bitcoin rises up to the $19k mark. As well as Etherium cross the $600 mark. It's a huge pump & people are constantly trading on the market.
Trading is passion; not only that, it's an addiction. There are some categories of traders. Some trade professionally, some occasionally but the market plays a vital role for any types of trading. Also, liquidity is important for any trading; how much liquid can afford? What is the percentage of getting something? So for any trading, these are all the basic things.
Let me give you some of my thoughts on market circulation. Suppose we have a small vegetable market. There exists a chain between the producer & suppliers. People who produce vegetables come to the local vegetable market & sell their vegetables to the suppliers at a retailer price. Then the suppliers take the vegetables to the bigger market where they sold them at a higher price. So, this is how the market is circulating & this is a continuous chain. But the question is who gets the highest profit?? It depends, but most of the time, the suppliers take most of the profits.
These are all my thoughts on a small market. Basically, it's better to start trading on a small market for any beginner. Everything needs time. No one can be a pro-level trader in a day. My suggestion is to spend more & more time on the market, checking what is happening, understanding the analytic curves, etc. Everything matters. It's always good for any new traders to start from zero. After all, you need some luck as it is a zero sum game.
Let me share my little experience of trading on Hive-engine. A month ago, I borrowed 1000 Hive for 30 days & started trading on Hive-engine. I started with a small trade as I was a little bit afraid of losing. Then given more time on the market, trying to understand the market. Short-term trading is always safe, as far as I know, but If anyone wants to earn more profit, they have to go for the long -term trade. After spending much time on the market, I started getting small profits every day. After 25 days, I had a profit of around 465 Hive, which is pretty good for me. This is my little trading experience.
Thanks for reading and getting here; see you in the next post. You can give me feedback by commenting below. Your feedback will be an inspiration for me.
