I think your initial plan to get BTC and top alts is a good one. However I suggest setting aside a portion to buy during dips to dollar cost average instead of selling at a loss. Your 30% drawdown may be hit easily given the high volatility of crytos but shouldnt be a selling point. Plan to hold and you should be fine
By "dollar cost average" you mean if i bought BTC now, i could get my avg. position price better if it dips e.g. to 5000 and I buy there more? That is exactly right, it is by far the best trading strategy. Another thing you should consider is setting a firm profit target x1 or x2 until you recoup your initial investment. Then you are trading risk free and can continue to rebuy the dips and other more high risk but high reward alts and icos. Or just stay long term if you dont have the time to keep track of it all .
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I think your initial plan to get BTC and top alts is a good one. However I suggest setting aside a portion to buy during dips to dollar cost average instead of selling at a loss. Your 30% drawdown may be hit easily given the high volatility of crytos but shouldnt be a selling point. Plan to hold and you should be fine
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With youtube, countless people get the false sense that trading is a simple matter of just having the right technical indicators on a chart or trading off of support/resistance levels.
It does not work especially with crypto, where the volatilaty can wipe out any gains in seconds.
There are only 2 ways to win at trading and that is off information received before the masses or manipulation ....period.... the concept of the "trading pro" is a sham meant to sell you black box trading algorithms or "expert coaching".
if you don't believe it then go to any market and backtest some algorithms. There are countless out there especially in forex market that can be easily backtested ... technical trading for a living is a myth.
Barring all that best option is diversify and dollar cost average over longer term.
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Patience truly is the key but as important is dollar cost averaging and holding.
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Loving the idea of fundamental nodes, brilliant way to bring supply down
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ICO has been over 12 days now, no updates on website . Any info on exchange listings ?
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stayed away from this thread for a week hoping access to coins held by dev would be fixed by now ... but alas still having problems. Who is trading this on cryptopia and bumping price if coins are locked ?
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congrats okcash, hope 2018 is a breakout year. Keep the news coming .
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We should send a message to the bloody fools that made us reconsider the crypto future.
we shoul hack them and take them out.
Why are they fools? Maybe it is the mass with small pockets holding on to ideals of some utopian cryto future acting as cheer leaders who are the fools. Seems the real players, who control this game, should be thanked for pointing out why bitcoin can never be used in the real world for day to day purchases. The mask of decentralization has been removed.
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All of this spells major trouble for bitcoin, if it survives it will be only until the next fork, which WILL happen. Seems like a bitcoin alternative is the goal and until then the war will unfortunately continue to wipe out profits, unless we are on the right train .... diversify
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And the chorus is still singing " bitcoin is decentralized, come join the revolution" lol
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People will always find ways to launder money, what im worried about is the next major attack that is discovered to be financed by using the anonymous nature of bitcoin. One of those and this house of cards will come tumbling down overnight, with overzealous politicians creating all types of laws soon to follow....at least that is how it will play out in the US, guaranteed.
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I remember that OKCash had x10 in September. Will OKCash price reach ATH when birthday? Should invested in? Anyone can give me an advise, please.
if you want in better do now while price is this down. This is the proverbial second chance.
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damn the hodl, this is about $$$ not sentiment ..... bitcoin cash is the new king !!!!
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great analysis an analogy
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2x was called off by 6 people. Something to think about. If it had taken over bitcoin would be centralized. Luckely it didn't happen. Well it never had a chance, but we must always be on the lookout for take over attempts like that
Completely agree with first 2 sentences but I don't understand how that doesn't mean Bitcoin is centralized. What definition of centralized are folks using here ? cen·tral·ize ˈsentrəˌlīz/Submit verb past tense: centralized; past participle: centralized concentrate (control of an activity or organization) under a single authority.
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My friend just sent me this and said that Sewit2x is continuing the fork. The website has an announcement on their page. Is this true or a scam ? https://bitcoin2x.org/yeah heard this too, at this point I don't know who or what to believe. Group claims to have 30% of bitcoin hashrate Either it happens Nov 15 or some other fork will soon follow or maybe Bitcoin cash draws people away from bitcoin. This thing is a mess, personally staying away from bitcoin until the dust settles or a huge dip. Way too centralized.
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Yes, forks are important, but forks may be a turning point. I think bitcoin now exists too big bubble, we should pay attention to the risk. Especially after the candy, there may be people
Completely agree. Reminds me of the operating system wars. Windows like bitcoin being inferior yet survived and maintained dominace through manipulation, hype and a rabid fanbase, resulting in decades of stagnation and forced mainstream adoption. Bitcoin may yet survive but not because it is better but because of what this site and many others like it are doing by basically being a marketing platform for it and ultimately... pushing this pig up the hill.
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Bitcoin is a mess now. Wonder if fall has to do with a group that claims to have a third of bitcoin hashrate saying they will activate the fork anyways. Either way bitcoin has a tough uncertain road ahead
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anyone mining more than about 2 coins per day ?
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