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Now the price of bitcoin is 57k,it was a hard to reach 45k.It's not happened in a shot period ,it take more than 3 weeks.The people who had hold their money in trading will do that trading as a part time job.They won't do it as a full time.It's not a gauranted profit from the trading,you should try to handle such situation to get good profit.
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Oh well, if that’s what he thinks, then perhaps he needs to be a little bit more educated. However, if he is just being close minded, I know that it’s difficult for you to break through his glass to re-open his mind again about crypto trading. For me, he lacks risk management of his portfolio. If he just knew how to do that, he would have never give up and speak negatively about crypto trading. Take note that crypto trading has no astronomical guaranteed returns, because it always depends on the market situation, risk management and technical analysis.
Just hold.Trading had it's two sides.Everything had a positive and negative side.You should hold,when the negative plays a role by the dump.When the positive happened with the pump,you can sell it.By this move,you can earn huge profit from it.Using a chance is a unique move done by the clever traders.Risk management is essential to get profit. |
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If the price is started to recovered, surely it will reach the maximum in a couple on days. So investment to it was a standard strategy to get more profit from your investment.Many new Corporation had started to accepted the bitcoin as a investment and payments.So soon it will had his impact on a price of bitcoin. We should patience to gain from it.Don't do hurry trading.
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This is a really good question. If the bitcoin price rises to 100K$, what will make people or companies buy at that high price? The answer may be, in my personal opinion, that people or companies will expect the price of bitcoin to increase much higher in order to buy.
Always note that whenever the price of bitcoin rises, people will be convinced that the price will increase more than that and reach new historical peaks. This is what actually happens whenever Bitcoin reaches a new peak, skips it and reaches a higher peak, and people regret why they did not buy at that time.
Currently, there are still quite a number of companies that have not invested in bitcoin, and we know that only a few major holders such as Tesla might be able to maintain prices if there is a market cycle. but you know, why do they buy bitcoins then the price goes up? that's because they have taken it into account, and they hope that by them putting their money into bitcoin, many retail investors will follow suit. When retail investors start to put their money on a large scale, large institutions will make a profit when the price of bitcoin continues to rise Many company including tesla had a holding on bitcoin. So we are safe and they won't allow the bitcoin to less value. It's reason for the bitcoin price dump not less than a 49k$.It may be a unacceptable one. But it's true, if you deep analysis the market old chart.When the price began to reduced, it may reduced to the half the price of bitcoin. So holding make us a profit most of the time, then to sell with minimum profit. |
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I would prefer other top coins like BNB and ETH over the coins that you have mentioned, Op because when it comes to recovery, top coons recover fast so we could gain a good profit in just a short-term period. However, its really perfect timing because I am sure that the bull market isn't over yet so anything could happen anytime.
It's better to inverse your money on BNB and Ethereum. Because some fake and potential less altcoin in many exchange. We can't say all the coin are good by the exchange. It include the binance exchange too. If the coin listed on binance is not a mean of trusted coin.Some of coin listed on binance also less potential and needed huge time to reach maximum. |
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Why is the Gas price to send ETH so astronomically high nowadays. I've been reading threads here where people are complaining about high gas prices. Why the transaction cost is set so high? Wasnt ETH supposed to provide us with a faster and cheaper alternative than traditional banking?
The gas fee was discussed over a long, but still now the gas fee was not reduced. The reason behind this was the back transfer happened with the ethereum.So when the price of Ethereum had increased, the fee also increased automatically. So while transferring we need to spend some money as a fee. We can't escape from that, we can get that fee from the trading profit. |
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Ofcourse. What will help Bitcoin remain competitive is its uniqueness, such as decentralization and its other important ideals.
It's actually never a good idea for a Decentralized Network like Bitcoin to compete with them in centralized manner. Better it becomes decentralized in most things it does. There are lots of people who will definitely choose Bitcoin because of the decentralization... if they need centralized coin, they use the Central Bank coins.
After analysis the investment on bitcoin by the people around the world. Some country had decided to launch their own cryptocurrency. Just as a trading investment, the government may get two profit. One by regulations, it can get a tax to the Elite people of the society. Secondly the new investment made a government to rotate their money and use it as essential needs. |
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i believe even if bitcoin drops a bit in a month, bitcoin will still hit 100k by end of year! let me know what you guys think
With the current situation in the price of bitcoin, the people may believe or not.Surely the price of bitcoin will reach the value of 100k by this year end. Even with the corona effect, the price of bitcoin not smashed below 49k.This made us understand the potential of the coin. Incase you asked this question to hold your bitcoin, kindly hold this till the year end. |
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It was common phenomenon in the cryptocurrency. But their will be some reason behind it.The reason for current one is the US move over a cryptocurrency and his transaction.It was hard to predict the move of United States.The last man fear made the US people to sell at less price to get into safer side.At the last the price of bitcoin was loss upto 14k$ and it was stable over a week.
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South Korea is experiencing volatile cryptocurrencies during the rapid price trend of Bitcoin and other altcoins. Such a scenario has led to very successful transactions for the country's middle class in profit from the cryptocurrency market. According to Korea's JTBC television network, employees of large companies such as Shinhan Card, Samsung and LG Electronics have claimed to have made enough money to easily resign from their current jobs. Evidence suggests that these individuals successfully own millions of dollars' worth of cryptocurrencies. One of the traders, a former Shinhan Card employee, told JTBC that he had raised almost 3 billion won ($ 2.7 million) and that such astonishing profits had been made during high-risk trades. In fact, he invested his life savings and some of his loans in cryptocurrencies and resigned from Shinhan Card last month after making millions. Interestingly, he has now become a full-time YouTuber to share his success in cryptocurrencies. According to a previous report, the former Samsung employee made a profit of $ 36 million in the cryptocurrency market. Another former employee interviewed by JTBC claimed that after investing just 50 million won ($ 44,670) in cryptocurrencies, he made a profit of about 40 billion won ($ 36 million). None of the above interviewees revealed which cryptocurrencies they had invested in. However, an unnamed Yowido-Dong employee in Seoul refrained from investing in Bitcoin (BTC) and told JTBC media that many people were investing in the cryptocurrency market, but that was the case. It is anxious and dangerous. According to a recent Bitcoin.com report, the crypto market in South Korea continues to experience a booming market. According to research, local investors in the cryptocurrency market traded about $ 7 billion daily from January 1 to February 25. Source: https://news.bitcoin.com/former-employees-from-major-south-korean-firms-quit-their-jobs-after-pocketing-millions-in-crypto-profits/The sudden rise in a bitcoin made many millionaire. It's not a wonder and happened around me too. My friend became a millionaire by blind stake holding of bitcoin.But it's easy to plug the mangoes from the tree.But it's hard to grow a mango tree till it reach to give of mangoes.My friend holding bitcoin over 4 years. He doesn't depend on that.So he made a long term holding and profit. |
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What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use? The Tax policy changes by Biden is being said to be the reason behind the crash. Although my opinion is that such news bring about the obvious need for a correction in an overbought market. It is natural and should be carefully taken advantage of. This drop is temporary and those who have not be able to buy because price was as high as 64k USD/BTC, should take the opportunity to buy at this lower strata. One might not want to buy right away but wait for even lower prices which is logical as well. The use of indicators is limited. TA is not always correct but there was the probable indication of a drop due to any reason because the asset was overbought. You can use any indicator you want, there is no hard and fast rule about them. But what actually matter is your ability to use the market movement properly. You buy at the FUD and sell at the FOMO - no indicator will help you to that extent. Those decisions need to be made by your skills. It was a main reason for the dump in bitcoin price over a long period.Whenever the price of bitcoin had reduced, it will back to normal or original price in a short period. But in this case the price dump was not recovered yet. It was unacceptable news. Most of the active traders also became a passive one now. It only recovered with a period of one more week. |
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Most of the traders was struggling with empty hand now.Because the market flow is in such a way.If we withdrew of 500$, you may force to loss amount of 40$.So it will huge amount with compared to the ratio.Instead of wasting your funds in terms of fee, you may better hold for the pump.Holding is hidden secret for the most of successful trader.
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Everyone had different opinion towards this concept.Firstly people had a experience towards the Ethereum.It mean, they was familiar with the usage and process.When they was new to the platform, they may forced to get into some loss by less knowledge. People mindset will be they satisfy with the loss by market.But they won't accepted the loss by inaccurate knowledge towards technology.
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The project performance is based on the investors to it.Sometimes the investors pumped up with the market. In a reverse some will become a out to the field by some minor losses. In a trading platform both the circumference will happen. Being a trader, you should mature enough to hold the coins at the dump and try to sell at good price in a pump.Making use opportunity is important in trading.
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Thanks for the opportunity Sir.Will going to change signature and avatar, Since the bounty was over. I hope will get my rewards without fail.
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The capacity to with stand in the market for litecoin and most of stable altcoin is more then a bitcoin. Because even new investors come to know about bitcoin firstly. But altcoin had a different story. It will sustain even with a low liquidity and low investment. Once the market up, it will reflected on altcoin price too.
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This is a good portfolio to face future problems and of course, it has a good reason to be done.
Though, personally I still prefer cryptocurrency over stocks since this market proves to become more profitable and I can trade anytime I want which is not possible on stocks. Nevertheless, we have to start planning with our portfolios, always expect for a worse scenario to come and if you’re prepared enough you don’t need to worry that much.
While comparison of stock and crypto, cryptocurrency is the best one.In many ways price of bitcoin was low, then the stock market. You need huge analysis of the stock in certain stock.But the thing is no need to analysis bitcoin the huge.The returns from the bitcoin is more then the returns from the stock. |
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This is shortsighted view and is popular among relatively poor countries, it is hard to tell why.
India as well is banning crypto, moreover it seems that they are banning crypto every second day.I thnik it is sad since they are losing valuable economic growth.
If the india going to ban a bitcoin or crypto. It will be blender done by the government,because bitcoin will rule the world economy. India a very huge people based economy, if you make and sell a product their. You will sold out maximum and should avoid the price reduction further. |
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I hear traders say price action is the best form of predicting the future trend of the market. Most traders claim it takes adcantage of previous events that has happened in the past to accurate decide the movement of the new trend. Although it is not traded in isolation because other strategy like candle stick pattern and area of value needs to considered before placing an entry.
Could past event decide how the market would move?
With the innovations and change in societal norms, climatic and environmental factors putting all this into considerations is there any certainty that past trends would repeat itself or is this just an assumption?
As a new trader I have been exposed to several knowledge about how to study and analyze market present and future trends but am only asking for clearity. Does market obey all this rules laid down by trading experts to help time their entries or could this be an advanced gambling that has a prepared strategy which is not 100% guarantee for profit taking?
I know many people who understand how the market works make profit from their predictions but I still want to understand if it was by chance or does the market really obey price action and is it truly the best strategy in timing entries.
At the foremost thing is,the price of bitcoin will based on the past.Because the strategy can be copied by the old moment of price.But it's not a 100 percentage work.It had a possibility of 50 percentage may be.That too work, only if you had a good luck.Most of the time luck favour the major role in trading. |
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I came across this article and definately want to share it with you: https://techbullion.com/best-5-crypto-social-trading-platforms/ It's worth reading if you would like to start crypto trading and don’t know from what and where to start. Just imagine, “you simply let someone else develop the trading strategy for you by directly copying the exact same trades they make”. In addition, you can analyze and study the crypto market and strategies you followed, and interact with the traders. I agree with the author's choice. Those platforms are interesting in their own way, and traders of different levels and with different goals can find the right platform. Coinmatics is a new and fast-growing platform that will be good for beginners since it has a user-friendly UI and intuitive tools. I think almost everyone knows about eToro, and it is the best match for advanced users (just check their multi-functional platform). Zulutrade has a huge education base in addition to forex and copy trading. The fans of cloud-based systems will like Zagnaly and Shrimpy. I am fascinated by this discovery in our crypto world. What do you think about such crypto copy trading platforms? If you ised some of them I want to hear your experince. Always it will be the best combination.Because if the trading alone made without a knowledge. Surely in a certain point, it will became a useless one. So it's better one to learn about trading and past price of certain coin. Mostly research about the coin, where you are going to inverse your money. |
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