Did you notice that, all the coins are losing values?

[Sotherefore]

Yeah that will be great, you also trade forex? That's a good idea, if you'll like I'll like to recommend you to a mind-blowing contents on YouTube that will help your trading journey.

I have a paid course I am still going through with the learning. I will be very much interested if you can recommend a good YouTube channel for me that can help me trade the market. It is very difficult to get a reliable YouTube channel.

 

[Immilash]

I have a paid course I am still going through with the learning. I will be very much interested if you can recommend a good YouTube channel for me that can help me trade the market. It is very difficult to get a reliable YouTube channel.

That's it, it's very difficult to get a reliable YouTube channel but I manage to get one that is more than reliable, but before I'll recommend you to the video I'll need to know on what exactly do you need more clearification, is it on technical analysis or what?

 

[Good-Person]

The last seven (7) days haven't been good around almost all digital coins. They're on the steady fall, notably, BTC, ETH, BNB, DOT, LTC, BCH, LINK, ADA etc. I hardly found green arrows around the prices of the coins in the last 24 hours nor last seven days.

Do you think it is time for bearish run around the coins??

All the coins have lost value due to different reasons. Some of the main reasons are Ukraine-Russia war, high interest rates of Federal Reserve, overall lack of interest of investors in the cryptocurrency market.

 

[Immilash]

All the coins have lost value due to different reasons. Some of the main reasons are Ukraine-Russia war, high interest rates of Federal Reserve, overall lack of interest of investors in the cryptocurrency market.

That's true, not only cryptocurrencies most of the currency pairs in the forex market are also losing value, Bitcoin falls like brick do you think the war between Ukraine and Russia also affects that drop of Bitcoin?

 

[Sotherefore]

That's it, it's very difficult to get a reliable YouTube channel but I manage to get one that is more than reliable, but before I'll recommend you to the video I'll need to know on what exactly do you need more clearification, is it on technical analysis or what?

Fundamental analysis to me is somehow easier , my main concentration is technical analysis because that is the most complex part when trading . you must understand technical analysis before you even think of making money in the first place . That is what I need.

 

[Good-Person]

That's true, not only cryptocurrencies most of the currency pairs in the forex market are also losing value, Bitcoin falls like brick do you think the war between Ukraine and Russia also affects that drop of Bitcoin?

I think that Forex market is also losing value due to inflation. The rates of dollars have decreased significantly and this is causing much problems for many Forex dealers in my country.

 

[Sincerem]

All the coins have lost value due to different reasons. Some of the main reasons are Ukraine-Russia war, high interest rates of Federal Reserve, overall lack of interest of investors in the cryptocurrency market.

Some Government at the same time are trying to dissociate cryptocurrency from their country such as Russia and China. This alone will have a negative effects in the whole crypto space and not really on a single cryptocurrency alone.

 

[Immilash]

I think that Forex market is also losing value due to inflation. The rates of dollars have decreased significantly and this is causing much problems for many Forex dealers in my country.

That's true, but if you won't mind my asking how can inflation affect forex dealers, forex dealers have a range of options to make from the market I don't know how inflation will affect it.

 

[Good-Person]

That's true, but if you won't mind my asking how can inflation affect forex dealers, forex dealers have a range of options to make from the market I don't know how inflation will affect it.

When inflation hits the country, the value of the currency of that particular country decreased. i think this is how inflation could have a bad effect on the market value of that currency.

 

[Setho]

Cryptocurrency is just a reflection of the financial market and that is why you are not going to be surprised that if there is a drawdown then they are going to go there at the same time.

 

[Immilash]

When inflation hits the country, the value of the currency of that particular country decreased. i think this is how inflation could have a bad effect on the market value of that currency.

Yeah I know that, that's Normally what leads most forex pairs to lose it's values, especially the USD pairs, they are falling like a brick, that's what is happening in the forex market.

 

[Good-Person]

Yeah I know that, that's Normally what leads most forex pairs to lose it's values, especially the USD pairs, they are falling like a brick, that's what is happening in the forex market.

I also use pairs in order to figure you what kind of coin is the best for trading purpose. However, this strategy is not useful many times. This is why I am focusing more on strategy development as the market is crashing.

 

[Immilash]

I also use pairs in order to figure you what kind of coin is the best for trading purpose. However, this strategy is not useful many times. This is why I am focusing more on strategy development as the market is crashing.

That's it, trading strategy is not that important, all you need is to have the knowledge and the proper mindset, if you have these things you'll definitely succeed in your trading.

 

[Good-Person]

That's it, trading strategy is not that important, all you need is to have the knowledge and the proper mindset, if you have these things you'll definitely succeed in your trading.

This is definitely not true. Apart from knowledge, you must create a much better strategy that could help you to decrease the chances of suffering from losses. Strategy has made me more money, even more than knowledge did.

 

[Immilash]

This is definitely not true. Apart from knowledge, you must create a much better strategy that could help you to decrease the chances of suffering from losses. Strategy has made me more money, even more than knowledge did.

Well that's true, but all I'm trying to say here is that you don't only need strategy in oder to make money in the crypto market you need knowledge and experience, what do you think? I believe you don't only work with strategies.

 

[Good-Person]

Well that's true, but all I'm trying to say here is that you don't only need strategy in oder to make money in the crypto market you need knowledge and experience, what do you think? I believe you don't only work with strategies.

When it comes to trading in cryptocurrencies, both knowledge and experience can play a big role. However, if you ask me, I guess that the best period of cryptocurrency trading was 2009 to 2020. This is because at that time, the price was only moving upward so all the investors were benefiting.

 

[greenie]

Sure, i noticed that in the last few days. But it is normal. When the top 10 coins are affected or are on a downward trend, the rest of the coins seems to follow. But when Bitcoin is bullish, the other Altcoins are likely to follow suit. I wish the pandemic ends or stabilizes, so that we can know the true fate of the cryptocurrencies.

 

[Immilash]

When it comes to trading in cryptocurrencies, both knowledge and experience can play a big role. However, if you ask me, I guess that the best period of cryptocurrency trading was 2009 to 2020. This is because at that time, the price was only moving upward so all the investors were benefiting.

That's true, from 2009 to 2020 the crypto market was good in terms of investments, I guess lot's of investors takes that as an advantage to earn money.

 

[Good-Person]

That's true, from 2009 to 2020 the crypto market was good in terms of investments, I guess lot's of investors takes that as an advantage to earn money.

There were many reasons why the cryptocurrency market was booming at that time. At that time many people were investing money and the situation was quite great.

 

[Immilash]

There were many reasons why the cryptocurrency market was booming at that time. At that time many people were investing money and the situation was quite great.

That's very true, and also the crypto market is not as manipulative as it is this day's, I don't trade the crypto market but that's what I've noticed with cryptos especially BTC.