The below facts are known for most of you but for some still :
1. It happens when #BTC shoots up, most of the Altcoins are idle or even dropping. why ?
Answer: Due to liquidity in the platforms goes to BTC mainly not the other coins
Market is divided into two categories only ." BTC" and "other coins" .
2. Then when BTC starts dropping the other coins should go up because the liquidity goes to them, right ?
Answer : No, Due to the huge Dominance of the Bitcoin. All other coins starts dropping
3. Which coins shall we buy ?
Answer: coins which have a real " completed "utility
Not promises, not hype. Even if the project idea is brilliant, it will fail once the promises are not delivered.
4. Spot Trading or Futures ?
It depends on your trading style and also life style !
How many hours you can trade?, do you need the capital you are investing in anytime soon ? , can you control your emotions ? , are you ready to close a position on loss to rescue your account ?
ask yourself these questions you will know which type of trading suitable for you.
5. Trading can make us rich ?
Yes and No. Yes if you are lucky enough, if not then build up from scratch slowly and steady.
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Thank you all for reading, become mature in trading No mercy for reckless traders.