If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
I believe that gold is always the # 1 priority, you can see that the market is beginning to fall into crisis and there are many problems. Bitcoin prices have been falling steadily over the past few days and there is no sign of recovery, while the precious metal is showing a slight upward movement as part of the market is falling into gold. |
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Losing your hard earned money on trading is one of the traumatic experiences that might happen to you. This is usually happen when you are so bullish on the coins you are investing. Here are my thoughts on how to redeem you from this kind of experience.  1. Acknowledge that you did something wrong There are no other ways to start the process of redemption by accepting the fact that you made wrong decision. You need to accept that every once in a while we do poor judgment. It is important; when this thing happens to us we are ready to humble ourselves that we committed mistakes. 2. Identify the problems
a. Lack of experience – I was a successful trader in stock market winning mostly of my trade. But playing here as a day trader in crypto is something new. Your success in stock market doesn’t guarantee you success in BTC. b. Playing aggressive – Since I have too much ego in my head I put all my money in one coins only. I didn’t consider altcoins to hedge risk from BTC. There are altcoins who doesn’t affect much by this massive correction. c. Didn’t follow my trading plan – Foundation of trading practice is to follow the plan you have originally set. Your exit strategy is one of those important decisions you will made. It composes of selling and cut loss strategy. 3. Courses of actions a. Never stop growing (learn the new market) – In every new things to we do it is very important to know our strength, weakness, opportunities, and threats (SWOT). Money is involved in every trade which make, which gives us reasons why we need to study the every aspects of cryptocurrency. b. Follow religiously your trading plan – There some trader who doesn’t have trading plan, in my case I have one which was not followed. Trading plan was based on your personal experience in trading. In time these plans was polished and test its effectiveness. If followed properly chances of success are increase. c. Never stop trading – If this single defeat dictates me to stop then the real loss will happen. These circumstances should ignite us to continue, make this experience to hungrier for success. d.Diversify your portfolio – Never do all in trade. These will gives you room for another alternative once the other coin doesn’t do well. Balance your portfolio composes of your well research coins. After careful assessment of my situation, I believe that once a trader will always be a trader. I may lose sometimes but will rebound harder and stronger.
Remember merits are perishable if not useIf I fail to $ 2000 I will stop nagy and not trade again. At this point, I need to calm down to see where my plan goes wrong and my investment strategy is having an old problem and leads to failure in a row. If all is correct then your transactional psychology is having problems. Unstable psychology will lead to lack of confidence and become more confused when confronted with price problems. |
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Under what circumstances is trading preferred over holding?
Btc reaching 10k$ way before new year is a big shock,your opinions would be very helpful.
I believe that at the present time you can still continue to hold. If you are investing at bitcoin at $ 10,000 then there is still a chance for you to exit. It can be seen that bitcoin prices in the past few days have started to recover and the market has started to be vibrant. So, according to my analysis, the bitcoin price will still be another wave up to $ 11000 so you can exit. |
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I first got bitcoin from withdrawing from gambling sites. I deposited with another method but could withdraw bitcoin so i did it. Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations. However, isn't the value of bitcoin almost always going to go up so its best to hold it? I know last year it was $600 and the highest was when it was more than $1000 per bitcoin. But since it is all the way down to $200-$300, isn't having bitcoin always good? Could bitcoin go all the way to 0 soon? I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that. But even if it does, isn't it almost always going to rebound and go back up? Last time i had btc and it was $230 or so and now it went up to $260. So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.
I'm sure there are ppl that have thousands or bitcoins right and just hold on to it? And many that would sell btc immediately if prices go all the way up? If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right? However if they sell it via localbitcoins or other method, they are going to get a higher profit right? However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.
In general, isn't holding BTC always a good thing since the price of it is pretty low now? Obviously if you bought btc at $600 or $1000 and thought it would went up and held on to your btc, that would been a disaster. But since its in the $200-$300 range, isn't having BTC always good?
I think that the current time if you invest in bitcoin to buy and keep long time will be extremely dangerous. You can see that the price of bitcoin in the last three consecutive months has been constant and there is no sign of recovery. Investors started to divest, and the fund went down gradually and fell into recession. I think you should also start divesting and should not invest in bitcoin at this time. |
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Hello, everyone. I am new here. I want to make money from Bitcoin Trading. So First, I want to learn Bitcoin Trading. Please advise me or recommend me some resource where I can learn Bitcoin Trading. Advanced Many Many Thanks to You All....  You can see that bitcoin is a very hot spot of today's market, bitcoin is extremely valuable and has a great influence on the market. So you have to have a reliable address to be able to trade successfully. I believe the Chinese trading platform of Binance is a trading platform that you can trust and trade in. |
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I find the current trend is to hold coin worth, trading habits should change because it is really complicated and difficult to bring profit, stay away from the ponzi model and lending ico. That is my advice, and you, see the current trend like?  You can clearly see that bitcoin and altcoin prices are falling continuously, market capitalization is also lower and there are no signs of increasing. This shows that the market is in crisis and that investors have started withdrawing capital and switching to other investment channels. The market is bearish and will continue until the end of 2018. |
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If you want to have a short return of investment then not invest on bitcoin. Bitcoin is so volatile that even it increase and decrease in second. Most people complains about their loss on the price drop, I got loss too, but you will be broke when you sell it on a low price. If people would be patient to wait a bit more then all would be good. Who else make millions on just a week ? None. Im saying this not just to promote holding but also encourage all those crypto users be patient and be calm on the price drop. Youre still not loss until you sell it on low price. Hold it for a while, if you are weary and try investing on others like ICOs until you almost forget it and go back when it pumps again. Nobody know when would it be increased but it would. Be strong people.
You should not invest in bitcoin at this time, it is very clear that bitcoin and altcoin prices in the past days are constantly fluctuating and difficult to guess. At present, bitcoin prices are continuously decreasing and are currently at $ 6600 level and are still adjusting. So you buy bitcoin at this point the risk is very high and can be very big losses if the bitcoin burst. |
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I have no idea about trading .But want to learn trade how become trader please help and give me some information and share some site.
I believe that if you invest in bitcoin at the present time is completely wrong, there are indications that the crypto market is showing signs of severe crisis, bitcoin prices are continuously falling during the three months and there are no signs of recovery. Because of the bad news that at this point you should invest in the altcoin trade, you choose when the bitcoin price goes to invest. |
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if you ask when is the right time to buy, of course the answer is when the price is cheap. but if you do not want to lose your funds I suggest you to hold BTC you have because everyone is sure it will go up.
I think you should not buy bitcoin at this time, can see that bitcoin prices in the past few days are fluctuating and are on the decline, there is no sign that will be. So you buy bitcoin at this time the risk of loss will be very high and you will lose very heavy if bitcoin prices continue to fall sharply. I recommend that you wait for the market to stabilize back to begin buying bitcoin. |
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What are the best investment opetions for bitcoins to be put into?
Please post here!
You can see that the market in recent days is showing signs of serious crisis. All of the coins were devalued and drastically pushed up after the price of bitcoin fell sharply. So, I think you should be out in the market right now and do not trade any coin. It is very risky if you invest at the moment, I think you should wait for the market to stabilize again. |
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I already started crypto trading. But i cannot understand how to get profitable in crypto trading. How to understand which coin is the best for buy. I don't know how to become successful in crypto trading. So guys, please tell me which knowledge is important for crypto trading. Thanks...
I think that market sentiment is still the biggest influence on trading results. You can see that this is a new market, and many new investors have no experience entering the market, for which reason the market becomes very unpredictable due to the psychological barriers that come from investors. If you have a plan that does not have enough psychology to do it, then you will fail. |
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The market is Still Looking Dull Due To KOREA's Unclear Statement. Still Market is Going through that FUD.
BTC is so cheap now. Do you think it is time to buy some BTC?
I think this is a great time for you to buy bitcoin, the bitcoin price after yesterday fell slightly so now there are signs of recovery, so I think you completely You can buy bitcoin at the present time. The bitcoin price is at $ 6700 and is steadily rising and according to my calculations, bitcoin prices will probably hit $ 8000. |
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I first got bitcoin from withdrawing from gambling sites. I deposited with another method but could withdraw bitcoin so i did it. Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations. However, isn't the value of bitcoin almost always going to go up so its best to hold it? I know last year it was $600 and the highest was when it was more than $1000 per bitcoin. But since it is all the way down to $200-$300, isn't having bitcoin always good? Could bitcoin go all the way to 0 soon? I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that. But even if it does, isn't it almost always going to rebound and go back up? Last time i had btc and it was $230 or so and now it went up to $260. So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.
I'm sure there are ppl that have thousands or bitcoins right and just hold on to it? And many that would sell btc immediately if prices go all the way up? If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right? However if they sell it via localbitcoins or other method, they are going to get a higher profit right? However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.
In general, isn't holding BTC always a good thing since the price of it is pretty low now? Obviously if you bought btc at $600 or $1000 and thought it would went up and held on to your btc, that would been a disaster. But since its in the $200-$300 range, isn't having BTC always good?
I think that at the moment you only trade short, can see that bitcoin prices in the past few days are constantly fluctuating and difficult to guess. The market is in serious crisis after bitcoin prices are constantly falling. So you trade at this time is extremely risky, bitcoin prices may continue to fall deeper, so you will lose and freeze capital for a long time. |
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Hey guys I'm not sure if this is the right place so please tell me if it is not. With that out of the way, I have a question for you all. I have recently been able to gather about .5 btc through minor trading and I was wondering if there was any method or way to grow this btc into a larger amount safely and fairly quickly. Thanks!
I think you should not continue to participate in this market. You can see that the market is showing signs of a collapse, bitcoin prices are falling steadily and there are no signs of recovery, so it is possible to increase the number of bitcoins in this phase very easily. bitcoin is slowly losing its value and getting cheaper. |
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Now bitcoin and eth price is increasing.Is it right time to sell my eth as the price is a bit pump or I just hold it for further increase.Please give help me by giving your opinions.
You can see that the market in the past few days has fallen into a serious crisis as bitcoin prices are constantly falling. This is the main reason for the decrease in ETH and altcoin prices in the past few days, according to my analysis, there will be a $ 11,000 bitcoin sale, so you can get it up to that point. to be able to continue trading and exit. |
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i am very new to trading and would like to learn how to trade
...not sure where to start ... any suggestions would be very helpful ...
whats the best way to get the knowledge in this field ?
thank you
I believe that you are trading at this moment, can see that bitcoin prices in the past few days are fluctuating slightly and are trending sideways. So this is a great time to start your altcoin business. I believe that with the extremely strong recovery of the market at the moment there will be a lot of coin pumping. |
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If you want to have a short return of investment then not invest on bitcoin. Bitcoin is so volatile that even it increase and decrease in second. Most people complains about their loss on the price drop, I got loss too, but you will be broke when you sell it on a low price. If people would be patient to wait a bit more then all would be good. Who else make millions on just a week ? None. Im saying this not just to promote holding but also encourage all those crypto users be patient and be calm on the price drop. Youre still not loss until you sell it on low price. Hold it for a while, if you are weary and try investing on others like ICOs until you almost forget it and go back when it pumps again. Nobody know when would it be increased but it would. Be strong people.
You can see that bitcoin is recovering extremely strongly over the past few days and bitcoins have surpassed the $ 7500 milestone that is so important for bitcoin to grow long term. Therefore, you buy bitcoin at this time is very reasonable, if you are long-term then you should buy bitcoin at this time. |
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Hi! ☺️ I just want to ask when to buy or sell bitcoin? I don't want to lose money.. I mean we can't avoid to lose if we're just beginner but atleast we can find ways to prevent it right?
As far as I know, bitcoin has passed the milestone of $ 7500, an extremely important milestone to reach $ 8200. Therefore, I think you should buy bitcoin at this time to be able to trade bitcoin and get the most profit. I believe that the market will continue to grow in the days to come, you boldly invest and have a specific plan. |
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The market is Still Looking Dull Due To KOREA's Unclear Statement. Still Market is Going through that FUD.
BTC is so cheap now. Do you think it is time to buy some BTC?
I believe this is a great time for you to buy bitcoin, a bitcoin that has hit the $ 7500 milestone, a very important milestone that could go straight to the $ 8200 mark. So in order to get the maximum profit you should buy bitcoin right at this point. The market in recent days is very exciting as bitcoin prices are constantly increasing, market capitalization also increased so trade will be very safe this time. |
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Hi. Just wanted to know u guys opinion of do the day trading and hold. Thank you in advance.
I think the trade by date the present time is the best choice. You may find that the market is in a downward trend, so buying and owning altcoin is very risky, if bitcoin is off, then altcoin will decrease as you will lose double if you keep altocin. Therefore, it is very safe to use the day and you can take the initiative in managing and using your money. |
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