Very good advice, with what has been described by other members I have decided to learn and try to apply my knowledge in it, as I understand that it is better to invest with more security and in turn get more benefits, for this I must learn what is related to the graphics.
The knowledge that we can obtain, should always be welcome to increase our capacity of understanding. I just thought it was indispensable!
It is very good the experience that you have in the graphs, and the setback surely leaves you learnings. As I am just starting out, I like to ask, research and learn from those more knowledgeable in the field. Every day you learn something new.
Although I had the opportunity to see graphs in college, in the case of cryptocurrencies it seemed to me just like you a lot of colored lines. But little by little you get to understand them when you read and analyze them,
Of course you need to know how to read the chart of cryptocurrency. It's so very easy to read.
Your publication is correct, there is a lot of fluctuation in the cryptocurrency which is clearly seen in the graphs. I am already spending some time on these, so I can have a better understanding when making a decision.
I love that you shared your opinion on the topic, as I have not known how to interpret the colors reflected in it, and thanks to you I already understand these two colors which are the most important.
Yes. I don't know what you are making your investment with. However, know that often (I think almost always) there is also the "stop-loss" function that it could help you in case of a negative trend (and I hope not for you).
Before responding to your publication, I took the time to read about "stop-loss" and it is a bit complex for me, as I have no knowledge. However it is important to know in case you need it, as according to my reading it is a way to minimize losses.
It is good that you can now understand the charts yourself, I will take my time to study more about the charts to know how to use it to read cryptocurrency price changes.
You are right. An investor in cryptocurrency don't need to have the knowledge about the chart. It's because after investing he will just hold it and not sell it immediately. Whereas traders are busy in buying and selling of cryptocurrency.
This is the risk many of us have taken by getting involved in cryptocurrencies. I still respect your opinion as I am not investing big either, just small amounts to learn and see how good the results can be.
Little by little I have been learning, I still have a long way to go to say that I know the charts. It is curiosity that attracts me and if it benefits me I try to put more interest.
You are right. In cryptocurrency you really have to study first going into big time investment there. Its because its either you can become so rich or so poor if you make a bad decision. That is why they always say invest at your own risk. Invest only what you can afford to lose.