I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?
Every day trader or traders in general has their PNL in their profile, you can easily compare and contrast that with your trades and bags you are holding. Been holder has its advantages as you never miss every pump but the other side is, you don't sell and you may easily loose those profits but when it comes to trading, their risk management, you know when to enter a trade and to exit a trade. |
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This is what happens when you already had enough to take care of your future bills and don't need to worry about the stress of staying relevant and making more money to keep up with life.
His choice and you have to respect his decision. We entire crypto enthusiast, the past and the present wish him good luck. Hope he doesn't have a change of mind because by then ETH price should be around $20k after the switch from Pow to Pos.
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Is there any tangible reason why binance exchange is been hunted? It seems they just hate success or what? Anyways no matter what they try CZ is a determined fellow, that's why binance made it this far, it's my best exchange and won't be changing any time soon
I was going through a thread where someone was accusing Coinbase, he/she thought Coinbase was responsible and hating because most of the news were carried by coin desk and its co-owned by Coinbase. This hate happens lots especially in success firms, either internally or externally. You as an investor just need to stay away from media and focus on the technical and adoption, u believe CZ is not sleeping and will handle the rest diplomatically. |
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If you choose to sell because others are threatening and you see some lagging indicators which that indicate bear market, do so but it will be literally wrong if you are creating awareness for people to sell.
Don't be surprised you wl just wake up and see bitcoin price on $40k doing some wonders. It has happened before and I don't see anything stopping it this time either. There is always a choice and option, sell or hold to the moon.
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It's nothing but inflation and inflation. There is nothing new to it.
While everyone is claiming Fiat is the devil and what they all hate, we all need fiat than any one. Crypto might act as a store of value but I don't think it will anyway serve people as money, the risk is so high that an average man may be left out and the poor masses who lack proper education.
Has anyone thought of how scammers will outrun illiterate with there wallet? Its going to be a disaster.
Bitcoin may be a store of value but its far from what money is doing though what have a merit has a demerit everything ceteris paribus.
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Anyone shopping from China lately? I think CoV19 is slowly showing up in China again, I ordered for some GPU from China and I got message that I might not get my orders fully delivered to me because of ongoing covid shit in China again, here is a screenshot  Even there are news concerning this on Google too China is not alone on this mate. Herr in my country, they have restricted some high school students from physical lectures. This was after a huge number cases were found within the students. They had to closed down the school again for quarantine and fumigation. Spread of virus are easily avoided through proper prevention than the cure itself, if this is actually effective in preventing it, I command their efforts. |
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This is where fair regulation is highly needed to prevent irregular movement of price, when it's expected and when it's not.
However, the underline word will hardly work in this system because what's make it fun is volatility. If Cryptocurrency cease volatility or makes 2-3% in average weeks. Many will leave an abandon it as there is no difference between it and fx.
Many investors are here for the money and not the tech. What make them this return is these pumps and dums. Take a look at matic (Polygon) chart, you will understand what I am saying..
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We know holding a coin until a bullrun occurs is exhausting, so our emotions are tested to survive. but not many people can do it, so they wish and regret it. therefore we must prepare ourselves to stick to our original goal, so that when floating plus we remain calm to achieve the target, and finally we get out before the peak is formed
I have a friend who has been persistently asking me to teach him how to buy coins, potential ones precisely. He missed this 2020 bull run and he thought he is a jack for not buying earlier during does days when bnb was still cheap. We bought radix and radix once had a pump of 40% yet he never sold because he was looking for long term gain. After a while, it dump back and the gain and capital is no longer their, now he is exhausted because he bought at the top wishing to see a 40% pump so that he will sell and remove his money. Its never been easy to hold, especially if you are doing it because others told you to. |
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Since the market goes down and BTC is now at 31,000, what are the things you are doing besides trading, for sure everyone is measuring and looking at the current market and waiting were to have an entry, do you still trade or do some task, lang play to earn games in crypto?
I myself, still do some research for coins that i like, making small trades and invest on coins which i think will give me some profit along the way, so that i will have extra money to buy coins,
how about you?
Before now, I scalp and take the opportunity of market when it dump heavily, I buy many alts and sell as soon as the market recovers but right now, I hardly understand the movement and the way its going. The volatility and volume is reducing and its making it difficult to have great returns. May be ethereum may do some wonders come this August when they implement the next update and upgrade. Sometimes, watching the Market and not trading its also part of trading. |
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How crypto currency change your life?
For me, When I was started it seems that in crypto world is not an easy way to have profits because of an online procedure and no controls. But then again when I know how to handle specially on Trading or in bounty program and that's the reason I started to earn.
Financially, Emotionally then yes. Crypto has made me exposed to Financial world and what's actually happening to other countries inflation, money printing, the traditional market and forex exchange. I am learning more from practical aspects and improving everyday, the more I stay here, the more improved I become and thanks to this forum and YouTube. I have also learned trading and some price action, this has increased my level of crypto ranking compare to my friends. In summary, crypto has helped me and I don't think of retiring anytime soon. |
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Hello Guys, can you tell me which is the best coin in 2021 to take maximum profit and gain?? Plz give your opinion
Will there ever going to be best altcoin in 2021 when vast majority of them are already in loss from all time high. I can still remember when matic was heavily shill across may community because of their insta bridge with ethereum chain and all of sudden, they became the peoples favorite project but look at the price now, its has dumped. Somebody bought from that top, if not everybody because the trading volume around that range was so high compare to now. My little advice though not a financial one, scalp and take profit when you can and always have a reserve of USDT to buy when the market dump. |
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Altcoins investment are always accompanied by huge gain but the potential disaster can make you develop hatred toward Cryptocurrency. Sometimes, I envy investors who always look for presale just to double their investments over a short period of time.
If I am very bullish on an altcoins, it must have survived previous bear market before I can purchase them. This is the solely reason I always prefer top 100 gems on market cap.
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The greatest thing to ever happen to me is knowing what crypto really means to a common man and long term investors. I have learned to be patient when it comes to decisions and I learnt that from holding Cryptocurrencies. I have made some cool money from it and loose some but that all came with a great lesson that will hardly be repeated in the future. I just love bitcoin and it's underlying technology and lastly the meme coins, they are fun to watch.  |
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Sometimes, an educated person with a that wealth may even be the worst among with such mentality because of their ignorance.
Imagine a scenario where you explain Cryptocurrency to a friend who is well literate but just don't find it interesting and concluded it as a scam or ponzi scheme. I get angry sometimes when I go to local forums and see how some ignorant display their level of IQ calling bitcoin bad investment.
These set of people are worst than poor and middle class
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