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I think much better to learn the graph and price movement first, then get some experience in trading rather than looking for any trading indicator which is not accurate and will lead you to get loses. Knowledge and experience is the best tool you can use in trading. It will give you more profit than loses. Try to learn and analyse both the technical and fundamental analysis in trading.
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I think if government really could ban bitcoin, they already did it long time ago. But nothing happen because the fact is government doesn't have any single authority to control bitcoin because it is decentralized digital currency. Maybe they can impose some laws and regulation about bitcoin and other digital currency but they can't ban it.
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There is a possibility that bitcoin will be widely adopted as global payment solution but it will takes time to happen. Maybe 5 to 10 years from now because the problem is that, not all people are using or know how to use modern technology to access bitcoin. Another problem is the volatility of bitcoin. Although bitcoin has an advantage and disadvantage, I still agree for it to become a global payment solution.
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I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
Simple! Learn from your past experienced and mistake in trading. It's not easy to trade and to be a successful trader you should learn a lot about trading. Because if not, it's like your going to a war without ammunition. |
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I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.
Is there no independence in the cryptocurrency world?
Thank you!
Bitcoin is the king of all crypto and I was not surprised if altcoins will follow in bitcoin trend. So, if bitcoin dropped, almost all alcoins also dropped which is good opportunity to buy both bitcoin and good altcoins. If bitcoin pump of course altcoins also follow which is good profit if you not missed to buy in dip. |
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What tokens or coins are you going to buy during the dip. Everytime I want to buy, I feel like let's wait price may go further down  what is the right price to buy? It's up to you if when is the right time for you to buy. If you want to wait more price down then wait but if you think you need to buy now, then buy. Earning profit is depends on when and what is the value during the time we buy. For me, I would rather buy now and if the price will still go down, then I buy more. Ethereum and bitcoin are coins that is worth to buy and other altcoins like xrp and bnb. |
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Yes he does, he want to try to manipulate it, many people ride on his hype about doge and bitcoin, but as many of us can see that he's intention is to control the market, well we're all change our course about him, he is like John MCafee now, who are nothing in the crypto's space.
Is that true that Elon Musk has the capability to control and manipulate the whole crypto market? I doubt it. I think there are other whales behind it and not just Elon. Good to ride on what's happining in the market. Buy more now and hold because market start recovering again after a few dump. It's not a bearish market yet, so hurry up and fill your bags. |
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XRP is one of tge strongest coin in crypto market because it always stay even there's a lot of bad news about it. Now that the XRP has a legal victory in court, it will give confidence for the xrp supporters to continue believing and investing in xrp. |
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Bear Market has never started in the first place, why do people confuse correction with bear market, we are just in the middle of the year and if you look at the level of funding in the space you will realize that institutional investors are strongly betting on the future of Crypto
Yeah, what happened on the price of every digital currency in the market is just a correction which mean at any time price will go back to it's higher value. It's good thing if you buy coins during tgis temporarry dip to take advantage of some profit. |
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Bitcoin is the best crypto asset to invest because it has a limited supply with a higher demand. It is extremely volatile asset that can give you huge profit if you invest it properly or holding it for a long term. Bitcoin has gold-like properties and the most trusted cryptocurrency. Billionaires, millionaires and many big companies are already investing in crypto and you can clearly saw the development in bitcoin after ten years of existence. There's a lot of reasons why it is good to invest in bitcoin but all is depends on your knowledge about it, on your capital and how you are going to invest. Remember that investing is risky and it needs knowledge so that you can hold when market is not good and not be a weak hands that easily panic selling during the downtrend.
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Bitcoin is the best asset that we have in our generation. If it has a correction, it was also the asset with fast recovery rate that's why true investors who have knowledge about bitcoin did not worry about the short term price dropped. Actually those investors always wait for the bitcoin price to dump so that they can buy more from the weak hands that panic selling when this correction time comes.
Bitcoin is now more than ten years of existence and from the beginning up to now, you clearly saw the improvement and development in bitcoin. It always have a positive movement and it's growth will continue as long the demand will continue to increase.
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It is a thing that we have to accept just for now. People had to know Bitcoin as an asset where they use for trading but not as a currency to buy stuff. I know it wasn't right but we can't make a push when a situation remains like this. The majority of business establishments are still not accepting, the appreciation still not exist but couldn't believe that it will remain like this forever. It really needs time...
But there are establishment who already accepted bitcoin as payment. If this is the case, it means bitcoin is not just an asset to hold and trade but also it is a currency that can be use to buy and pay even in a limited way. But of course it is more on asset because people usually use it to trade and holding for long term because of it's higher value and volatility which can give higher profit. |
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Risk management is very important for every trader to minimize losses. Being a trader is not just being a risky person, you should also learn how to minimize losses and earn huge profit through the right management of your assets.
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Bitcoins is the oldest cryptocurrency and one of the highest valued currency's in the world. Has a large price volatility making it too unpredictable to be used as a currency. Doing analysis to trade in a trading cause this digital currency is not consistently in a high value. Sometimes may fail to trade cause their's a sudden down of an a price, but it is a good luck when the price value is high. Being trader we must smart and confidence to trade without any doubt.
One more thing, you should be a risk taker person because everything in crypto is risky either long term investment or trading. Bitcoins volatility is the key to earn huge profit but if you are afraid to risk then stay away from this investment. |
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Who is selling? First those with weak hands and always panic when the market suddenly dump. Second are those who already gained profit and want to cash out their money and convert it into fiat money. Everyone are selling but depends on the situation and reasons why the sell. Supply and demands always present in the market, if there will be no seller definitely there's no buyer.
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We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?
If you do trading 10% is good gains and traders has their own strategy despite of bull or bear market. Anyway, I think no body knows what is the exact future of cryptocurrency, all we have is prediction. I also don't kow if you are right or wrong. For me as long as I can earn, I will just ride the market situation no matter what. |
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There's a lot of new and fresh coins in the market , so the old coins are now behind especially if it has no strong marketing strategy. But it doesn't mean that you can't but it and earn profit. Many old coins can still give you huge profit, depends on your strategy. If you want to buy old coins, just choose the best and with strong foundation in the market.
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Opportunities to buy and invest is always there, we just need to have a good timing in buying, holding and selling. Maybe bitcoins value will not go back to it's price during 2017 or earlier, but now you can still buy while bitcoin dropped to below $35. We can't earn like if we buy bitcoin at $380 and below before, but we can still make profit if we know how to do a right investing. Timing and patience is very important if we are going to buy bitcoin.
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