Putting all you're savings on cryptocurrency is not a good idea, you must to put at least 20% of your savings on bank for you're emergency purposes and we didn't know what will happened to your coins in the future.
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of course it's very risky. for professional traders, they always trade with some altcoins, because if you only use 1 bitcoin alone, then your coin development does not increase, because only expect 1 bitcoin alone. you should use altcoin and ico. but with a note you must be smart and experienced in trading.
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As a same point of me . i'm also don't like day trading because i'm don't know which coin is better for trading so i'm lose with day trading so now a days i'm stop my day trading.
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It is very good to set the mind set that when and which price you sell the available cryptocurrencies because if you still wait and make yourself busy in other things then their price if goes up but you are busy and price again in down after pump then in this way you have missed that profitable opportunity, So set the order and after that you can wait.
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Investing in cryptocurrency is such a good idea and investing your savings into 3 cryptocurrency is also a good idea. I think it is not good idea to invests all your savings into cryptocurrency. Maybe invest the half and the other half you invest it other than cryptocurrency.
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You can say that again. In my little time of trading as a newbie, I've learnt to be very patient with the coins, observe their movements either upward or downward and take my position, otherwise I will end up loosing so much instead of gaining
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The choice of the coin depends on what your plans are. It depends whether you want to trade or just hold for a long term investment. Trading wise, just choose a coin with fairly large peaks and troughs over a pretty much stable average line. For long term investments, do your own research before buying.
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It depends on your trading style. If you are a day trader, you can sell and buy back at a lower price. But if you are a long term trader you can hold it. Follow the trend. Sell only when you see that trend is changing. Hope it helps you.
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There are a lot of topic from this board that you can read and make a reference on how to trade you can also use google and youtube for tutorials and inputs from expert trader. You can easily find everything you need in the internet just look for it bro.
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Actually, by just holding btc you are already getting profit and there a growth that slowly happens because btc's value keeps rising and unstoppable that can reach $100k someday.
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The only risk from holding btc from my point of view at this moment is that there will be a planet wide blackout and you won't be able to have access to it. Other than that, I only think that the sky is the limit. Or there are not limits at all?
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any business person should always make assumption of risk, in the process you prepare for the worst, so whatever comes you will be able to bear.
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The primary aims and the capability of a trader will determine whether his/she is going into day trading or holding. The purpose of both of them is make profit. While holding could generate huge amount of profit over time, remember it requires patience and endurance. On the other hand day trading produces profit as well but not as big as holding.
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Yes, trading is unpredictable job but when you stay closely with the coin cap market along with the help of online article and crypto currency news site. Trading of crypto currency is predictable.
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Trading. But am trading and sometimes working in signature campaigns. Why not? It will be very interesting to trade after bitcoin will stop drop down.
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when you buy a lot of bitcoin, at a high price. holding bitcoin can be a very scary thing. well, we never know when bitcoin price will dump. so, it is a risk that must be faced. you can also lose bitcoin if not careful.
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Trading will help you in growing your coins in quick time and if you are good in gambling then you can also take a chance there but its not recommended to depend on gambling for growing your coins as most of the times the result would be opposite then your expectations.
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The fundamentals of trading are pretty simple, you buy or sell something to consequentially buy or sell it again to gain a profit. For the beginning trader who still needs to learn a lot, it can be very interesting to start trading on a budget with little money.
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There is no doubt, bitcoin is still the best coin to buy today, because the value of bitcoin is totally increasing very fast, and that was a good news for us because we can make many money from it and if we hold our bitcoin i am surely that maybe 2 years from now we can totally be rich so buy bitcoin now to be rich in the future.
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