Is it a joke? How cryptocurrencies can be a safe??? Crytomarket is too volatile and almost unpredictable! And safe investments require stability.You can quckly earn money on crypto, you can be anonymous using crypto, but you can not be in safety investing in crypto!
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Right now it is better to open short positions on Ethereum till the middle of September. Then I think about opening long positions. But anyway I expect that it will fall down under 200$ and that's why I will buy Ethereum very carefully and for short period of time.
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Ethereum of course will hot 1000$ again. But this will happen only after Ethereum moves from PoW to PoS in the forth quarter of this year and it will crash under 200$.
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No, right now it is too early to buy Bitcoin. Of course there is a chance that we will see 10000$ in the end op September and beginning of October. But I expect the Bitcoin will fall under 3000$ in spring of the next year.
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Actually the trader who can trade in short time can do this an excellent in long term. Also daily trader can mange his risks and money more effective. Trading in long period of time is easier but not so effective as daily trading. That's why I hardly try to learn according to technical trading in short period of time.
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Right now I will not choose Bitcoin or Ether. In the current situation the best decision will be stay away from the market. I will think about forming portfolio from Bitcoin and Ethereum and some another strong altcoins (as ADA, XLM) only, when Bitcoin will fall lower than 3000$.
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Personally right now I search opportunities to open short positions on Bitcoin, Ethereum and Bitcoin cash. I think this strategy will be right will the end of September. I will stay away from the market at that time.
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In my opinion i this month Bitcoin will in flat or slowly fall among 5500$ and 7000 $ levels. But in the end of september and beginning of october when the price will have to triangle in a weekly chart, we will see very volatile market with high trading volume. And probably Bitcoin will hit 10000$ in that period of time.
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There is good opportunity to but cheap Ethereum right now and sell it with profit in short period of time. I am absolutely sure that there will be correction of downtrend during 1-2 days. Then Ethereum continue to fall. And it will drop lower than 200$.
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Of course we should use opportunities which appear during bear market. We have a chance to buy cheap coins. But we also have to remember that trying to catch falling knifes are very dangerous. That's why I prefer to enter in the market according to technical analysis and when the market a little bit stabilized.
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It is really very hard to keep calm when the market is falling hardly. But I think the best way to prevent nervous is to use stop losses. And don't change them after you set them.
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First of all read about cryptocurrencies, principals of blockchain work. Secondly find exchanges where you are going to trade (for example Binance, Bittrex, Kucoin, Bitfinex and etc). Thirdly learn about technical analysis, fundamental analysis and indicators. Making this you will create your own trading system. Also you have to identify what kind of technical analysis do you want to learn. For example I like to learn about techniques which can help to calculate days of trend reversal and levels of resistance and support, like techniques of William Gann, Bradley Cowan. May be you would like to use indicators. Just read about them and create your own trading system.
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Personally I don't think that bearish trend is over. I think it will slowly continue and whole market will decrease during this year. This downtrend will break only in the end of spring in the next year.
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First of all you have to identify what kind of technical analysis do you want to learn. For example I like to learn about techniques which can help to calculate days of trend reversal and levels of resistance and support, like techniques of William Gann, Bradley Cowan. Someone is based on classical prediction - Elliot waves, someone on the mathematical model - nonlinear fractal analysis, but there are those who trade on the indicators. Also I like Gann's book "45 Years In Wall Street" very much.
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Knowledge as in any other field always brings a certain benefit and all successful traders try to learn something useful every day. For example I like to learn about techniques which can help to calculate days of trend reversal and levels of resistance and support, like techniques of William Gann, Bradley Cowan. Someone is based on classical prediction - Elliot waves, someone on the mathematical model - nonlinear fractal analysis, but there are those who trade on the indicators.
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Buy tokens or not when bounty hunters sell them, depends on what cryptocurrency is this, which team and technology behind it and situation in the market. I think you can catch better opportunities to buy cheap tokens if you just will wait a little bit more.
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First of all read about cryptocurrencies, principals of blockchain work. Secondly find exchanges where you are going to trade (for example Binance, Bittrex, Kucoin, Bitfinex and etc). Thirdly learn about technical analysis, fundamental analysis and indicators. Making this you will create your own trading system.
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Actually it doesn't matter how much coin or money do you have to begin trading. The more important questions are with which cryptocurrencies, according to what (technical analysis, fundamental analysis, indicators) are you going to trade? Learn about this and you can begin trading with 100$ for example.
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Definitely it does not matter how much you are going to invest in cryptocurrencies. The most important are in which coin to are you going to invest and how to diversify your risks. But personally I started from $ 150 and grew up my deposit 3 time in 1 month. That was incredible for me. Just learn about fundamental and technical analysis (this is really difficult) and make money.
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According to the theory of economics, financial crises have a nature to repeat in a certain period of time. The main thing is to recognize the beginning of this gap. I'm sure at such a time everything will not be easy. However, I think cryptocurrencies will survive the next international financial crisis much easier than simple cash.
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