Holding is the best way to make money in this market and if you are not a die hard holders it is very difficult for you to makes money in a long run in this market. Many bitcoin holders has make money in this market by setting stop loss make you to be a day traders. Holders did not set stop loss their only have in mind to exist the market at a particular time.
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I think bitcoin and cryptocurrencies should be adopt and regulate by the governments and financial institutions. Many evil people are using the decentralized nature of cryptocurrencies to defraud society. Blockchain technology is one of the Best Human discovered but it has to be regulated.
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Op, you have said things that are right especially advice you give on one has to gather enough knowledge and experience before going into trading. Many people are not actually learning trade but have the mind of making it. This market did not work like that. As a newbies you actually need to invest with long-term in mind as short-term trading involved Alot of risk.
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During my forex trading I have used bot and it has not worked well for me and I have decided to trade based on my knowledge and personal decision. Since the advent of cryptocurrencies bitcoin has been doing well and we just need to buy and holds it for long term in other to actually make good money from it. Many people are using bots because it is working for them and trade when they have no time to trade themselves. United trade software is one of the bot that has give good return to trade in the short while
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This time in cryptocurrencies market is an indecision time and one has to buy any coin with high risk in mind as bitcoin and others coins may fall by the weekend. Bitcoin has not gather enough momentum to be able to push and remain above $7,500.
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India are still using bitcoin and others cryptocurrencies till now and I think the time is going to come were India and other countries that have temporary ban bitcoin and others cryptocurrencies are going to using it for transactions. This technology is going to last for long and we are going to use it in future and we are going to have bitcoin determine the political and internationals financial policy.
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NEO is one of the good potential coin.
NEO hold for long term is better or Not?
Any suggestion Please.
Those that have really make money from this cryptocurrencies market are the holders. Neo is one of the altcoins that has made many investors money and it has a good structure and support therefore investing in it for long term is highly advisable. I think we are going to have a very good price in future. We are not going to see Neo price low next year lower than were we are today. Neo is currently at the good price to buy.
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Every body know that eth growth already start. It's long time eth was rest. Now it's time to run for ETH. I was post long time ago for buy eth. Those is buy they are already in profit. Form now eth is up trends and it will cross 1k very soon. I expect eth will cross 1.5K within 3 month. So I feel you can hold it for little time. Note: I just share my own idea. Please research yourself before buy or hold. Every trade is risky. I don't think ethereum has that momentum to cross that $1,000 now and it might stay below $1,000 tell August this year except something fundamentals happened. Many of us are loosing money by selling out of panic and I will advise you to keep watching the market until it fall to the level that you know if you buy you are going to make profits if the price hit around $1,000 in December.
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This post was made some time ago and we are still having the infect of that fall up till now. Bitcoin has been doing very well and we were thinking that it will reach $50,000 or $10,000 before the China banned follow by South Korea issues and other current issues that has kept bitcoin below $10,000. However I know that bitcoin is going to do good any moment from now.
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The world debt has been there since the inception of IMF and this figure keep growing and growing until we are were we are today. I think bitcoin should be the best form of money that will be a beneficial to us and the governments if we can actually come together and work for the development of blockchain technology and cryptocurrencies in particular. The world debt can be reduced if we are using bitcoin as money because the cost of producing paper money is too high.
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If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet. Because many exchange hacked buy hacker. Many people loss their capital by hack. So please don't hold your coin on exchange for long time.
Thank for your advice sir and of a truth I have left my coins at poloniex for more than a year now and I never feel risk the capital. Some exchange are save just that it is safer for one to keep his or her coins in offline wallets. Many are looking at the exchange as the most risky way for one to keep coins but to me this is because of the past experienced and we actually needs to correct this perception.
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I like the reason why ethereum developer did not want to be there and it is a good reason. If the price of the tickets are high many intelligent developers will be kick out of the conference and the political cryptocurrencies developers will be the people that will be available and you know politicians always discuss issues that affect their personal interest.
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New investors will find investments opportunities in new projects especially the one that resolved a very important human problem. I don't think that new altcoins or blockchain base technology can affect bitcoin price negatively as most of the altcoins move in the same direction with bitcoin against other currencies. I believe the more advance in technology and new discovery the more bitcoin price go up.
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This is expected since the bull could not gather enough momentum for further price movement from $9750 to above $10,000. After this corrections we are going to see another upwards movement and bitcoin returning back to $7k should not scared us.
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This is very possible and also remember that price can swing to any direction at any time. We are going to have times that is going to do well if days to come as we are coming to the third quarter of the year. I have been saying this that bitcoin is going to cross it high in December 2017 and $15,000 before July 2018.
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Volatility is the major complain governments are having again bitcoin outside scamming activities! Price has to be stable if governments who is the major player can adopt cryptocurrencies. Many people have said good things about cryptocurrencies but the reason why they could not used it is because of the volatility.
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Hello there right now i have got approx 20,000USD with me and i want to invest them...i am looking for an investement where i can earn about 3-5% per month and my 20k USD stay safe as well....Can mining provide me that return...please suggest me some options
Mining can prove you this return and I think it is the less risk one among the cryptocurrencies investments. Trading can give you more than that but you have to develop your skills and knowledge before you can be successful in trading and in trading it is very possible for you to lose your entire capital. You can also buy some popular altcoins and sell them in another exchange were there are higher in price and that is what we call arbitrage.
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To become a trader is very risky and that do not mean people are not making money from it. The high the risk the high the rewards if the market swing to your favour. You should know that trading is a good profession and if you can spend time to know how to manage the risk in it the better for you.
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Historically, bitcoin has been doing well in October to December and I think the market is waiting for this time before making another high. We are at the time of indecision and buying now may give us profits in future. Bitcoin going back to $5,000 is very possible but the time this is going to happen is what I did not know but I doubt this year again!
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