It is oftentimes said that the higher the risk, the higher the reward and the lower the risk, the lower the reward. It also should be seen likewise, that the higher the risk, the higher the loss and the lower the risk, the lower the loss. So, when thinking of the positive outcome, one should also think of the negative one as well.
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Anticipations can only be made now that the state of the market is down, and there are no certainties to the outcome. Most investors whom might have had huge losses during this crash, can only wait in anticipation for the price to rise back up.
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Confidence seem to be a rear trait people have regarding the crash of the bitcoin market. The FOMO and FUD syndrome is said to have set-in, in the minds of some investors. Regardless, the minds of everyone cannot be same, which is why some individuals are still having lots of confidence in the digital currency, expecting that it would have a bounce back in the near future.
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The fight of cryptocurrencies remaining in existence is still on-going and some governments are still fighting to bring it down. I believe banks will still be in existence because it is a financial institute that deals with currency transactions, which i believe would inculcate cryptocurrency into their system for crypto transactions.
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The crypto market seem to be going down by the day and most people are kind of skeptical about entering trades. Be that as it may, buying fast and selling fast seem to be the best option for some traders, because one cannot actually tell if the market would go further down.
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The bearish nature of the market does not mean that one should stop trading. The market is a dynamic one and therefore, has the tendency to fall at some points. Even with the bearishness, some skilled trader are still making money off trading. The thing here, is to get your trading strategy right.
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The market may most likely go further down with prices alongside it. But considering the fact that it has had such a dip in recent time, to the extent that some support levels are reached and even broken, means that one can actually take the risk of buying. Your risk here, will certainly not reach those that bought at higher price levels.
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Those that bought bitcoin when the value was $20k will eventually have been having regrets by now that the value is struggling with the 6k support range. It is actually a huge loss for those group of persons. Some must have accepted their faith and opted out already while some are still waiting in optimism for the price to reach and even get passed the range. My advise for those that bought at the $20k range should be to just hold their coin until it eventually appreciates to that level.
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Overtime, bitcoin has experience an increase and decrease in price. Since the end of last year, the price of bitcoin was always anticipated to keep having an increase. The bearish nature of the market has actually made some investors back out from the crypto sphere which has one way or the other had a negative impact in the digital currency.
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News have actually had a part to play in the world of bitcoin. It has been used overtime to make speculations which has either turned out to be true or false. It can be said that the market is often times driven by news which in turn have either a negative or positive effect.
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The expectations of many was that the value of bitcoin would continue having higher highs in 2017 and so, had no speculation that it would have a dip like this. The wish of dumping all BTC in late Dec. 2017 is coming simply because of the current state of the market. If it had been the other way round, there won't have been such a wish.
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In trading, your input is as good as your output. You can invest any amount of a particular currency in an exchange trade, but on the margin trade, it is advisable that one should have a substantial amount of money that would be able to hold your trade long enough before you make profit on it - as the crypto market seem to be very volatile.
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While some are lamenting that the dip in the market has brought about huge losses, some are seizing the opportunity to acquire more coins. Though the situation does not guarantee profit in near times, but it does present an ideal situation to buy.
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Since the beginning of the year, when bitcoin was seen to be going down, it was always said that the decrease in price was expected, and that at some periods of the year it will have a bounce back. Those said periods, have come and gone and the market still remains bearish. Since those expected periods for BTC to jump was not seen, i don't think December would make much difference.
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I believe there is nothing impossible as far as nothing can be certain in life. Bitcoin may reach this said range at the end of the year and it may likely not reach as well. But i must say that the chances of it reaching $50k by the end of the year is quite slim because unlike last year, the growth of bitcoin was seen through out the year.
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People advised holding at the time when the market was very profitable. It has been experienced in recent times that those who engage in hodl have incurred losses on their investments, as the market has not taken a reverse turn. In my own opinion, i think HODL still remains the best option for those who are already at a loss on their investments.
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Speculations have been made overtime as to the increase in the price of bitcoin, but most seem to have been proven wrong at the moment - as the market is still in its bearish state. The bearish nature of the market is actually not a good one - as most investors are opting out of the market by dumping their coin(s), in other to avoid further losses, as they do not know when the price would bounce back.
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Cryptocurrency is a new innovation that has a different mode of operation. It therefore, should be explained in all simplicity. Distinguishing it as a digital kind of currency from the traditional currency, would help give a better understanding of it. Its terminologies also should be explained in all clarity.
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Crrypto might not offer riches overnight but it certainly has the tendency to offer riches within a short period of time. You can agree with me that people who had bitcoin when it was nothing, were made rich when the price appreciated. Crypto is yet to be globally adopted for usage and so, still has that potential of making one rich.
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