I think the only way to be successful in trading is that you have to be driven to reach for your goal. And the rest will just follow, but of course there are always ups and downs when it comes to trading because it is not always in favor especially the market.
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Yup it is blood bath again on our portfolios because of the negative news about bitcoin thus pulling back bitcoins price down to around $8k currently. So most of the altcoins follow where bitcoin is going but once it gets steady around a certain price, these altcoins will soon try to recover back again in no time. We will just have to wait and see in the next few days or weeks.
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Yes I think NEO is one of the best coin to invest in for long term. And it could be something to look forward to in the future, specially if it will surpass Ethereums blockchain. It really has a birght future ahead, and more projects are coming for this coin as well so basically developers are working hard to make this coin worth its price.
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Yes it has been criticized a lot but with regulation, I don’t think some people would want to be regulated because if it will be ran by the governement, eventually it will be controlled by them and that’s what some are trying to stay away from.
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Actually trading is not for everyone, and it does not work overnight wherein you read something about trading and want to earn profits the same level as the ones ahead of you for a year or more. It takes patience and experience for a person to know how to trade well. Maybe you need to read out more and learn more about trading or you can also search on youtube to better understand it.
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Although I have not sold all of my altcoins but I did sell some of my altcoins; a portion of my altcoins. Because I really needed the money and I thought if I'd sell half of it, then maybe the other half would profit on the longer term and can compensate on the amount I took out when I needed the money.
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My suggestion would be NEM and Deep Onion because these two coins are one you should keep an eye of. I have been following both of these coins and what they are up to on Social Medias and I believe this coin would be worth to invest in for long term.
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For me both are great strategies, and people should not be scared of holding their coins for longer term and it does hold greater profits especially the longer you hold them although doing short term gives you an almost instant profit too. And I think you already know that when it comes to trading, whether it is for long term or short term, it is always risky.
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I love crytpo because it gives me financial freedom to do whatever I want with the money I profited from trading. And I was curious about trading before and I thought it is too late fornme to invest my money through forex trading but when I learned about cryptocurrencies, it gave me so much hope. Good thing I got into it while it is still young and not many people are into trading cryptocurrencies yet so there is still time and room for growth.
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No I don’t think it is happening. As long as Bitcoin is still here and it is still progressing it will remain the top coin, so if there will be rumors about Bitcoin dissloving then that would be the time I would agree Ethereum beating Bitcoin.
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It depends on how much you earn in btc. If you earn more than what you are earning on your real job then go for it. But I don't think it is the best idea to call it quits before starting a business. It would be better for you to start a business first while you are still employed and try out the business if it works for you, and once it does then you can quit your job.
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Yes I think there would be enough money if ever everyone would withdraw their coins in fiat. For I am sure, not everyone will set their withdrawals to the same amount as everyone who are holding bitcoins. There would be some who panics and sell them for what is its current price is and there are also some who set their target amount already on how much they are selling it for.
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I hope you didn't sell the coins you got, because if you want greater profits and don't need the money now then just hold them for a little bit longer. It may have decrease it's value now but when it reaches around 1-2 years it would be more than the amount your friend owe you.
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Actually if you hold on to your coins for a year or so you would appreciate the profits you'll earn by then. The problem with some is that they all want profits in a week or so, and it doesn't work that way because it depends on the market. Most especially if Bitcoin increases or decreases it's value, it does really have a huge impact on some of the altcoins.
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Ethereum would be a great option for you aside from Bitcoin because it is slowly moving up, the chances are it still is very cheap to buy so if you probably hold this coin for 5 years or more, I am pretty sure you'll gain a lot of profits just by holding them.
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What news are you talking about? Do you have a link for us to read about bitcoin going to reach $50k by end of this year? Although that amount is possible to happen but I don't think there is a specific date that amount will be reached because there are no forks coming yet and that's one way of you to tell what bitcoins price is and can speculate if it increases or falls back.
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I think people get serious when there's a lot of money involved and most especially if the market is bad. But beyond all that, there are some people who are into long term trading who only get serious on a certain time but does not think about it that much on other days. I can't say trading is all fun and games because I myself am guilty that I take it very seriously especially when most of my savings are in trading.
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I know how you feel OP, and I think that's what most people are complaining about Bitcoin. Instead of its transactions to go faster because of the higher transaction fees people tend not to get what they pay for anymore when making any transactions. Unlike before when Bitcoins price was still low, the confirmation of transactions were very fast. It is like the more the higher bitcoins price is, the slower its confirmations are and probably it is because a lot of people are using Bitcoin already too. I hope they get to do something about it because a lot of people care.
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Yes Ethereum can reach Bitcoins' value today but it will have to take a couple of years for that to happen. Ethereum is great coin to invest in however its movement from increasing is barely noticeable by some. But I think it still has a long way to go out of all the altcoins there is, I am holding my Ethereum for long term because I really believe in this coin.
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My investment strategy is like any other traders here in this forum, plainly buying low and selling high but when I sell them I usually take the capital and invest in real gold and thinking about buying a lot for an apartment to be build in the future. I do have a couple of money in the bank for a small business but I don't want to be zeroed out just because I wanted to build that business of mine, I just want to be sure I still have an extra money once I put up that small apartment.
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