I have all my coins in on an online trading site (paxful) (low volume)
I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.
What is the best way to do this, and what's the best way of ensuring a backup?
How do you currently store your coins
thanks in advance for any inputs
If you are going to store for ling term, I would recommend you yo use online wallet instead if hardware wallet or paper wallet for such reasons. If you prefer hardware/paper wallet, you might lost it and you couldn't reccover it. Another thing, if your computer/hardware malfunctioned and its date was destroyed, you can't recover it anymore unlike in online wallets where in you can mamximized its security and it's easy to back up if here is trouble could happen. |
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I prefer investing and trading since both of them are current profitable for now as most of investors are putting their money in crypto currency so it's a good idea to take an advantage of that.
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What are the best strategies you use for identifying short/day trades? Do you have some favorite coins to do that?
I am looking for a somewhat solid daily growth strategy to use and raise some coin.
Thanks in advance.
For simple strategies, just read and read news regarding crypto currency, always watch thr reistance and support so you can ascertain if a coind could dump or pump. And lastly, know how big whales trade so you can benefit for them. |
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Mukang ayos yang campaign na yan. Pwede pa bang sumali sa Facebook Campaign?
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I am keen to know how to find which coin is going to get pumped next and when.
Is it possible to know for sure?has anyone here predicted accurately about next pump?
It depends on its resistance oj a certain coin. If the resistance is week in green candles stick and the support is huge, expect the pump since big whales could pump it. Then once you have bought and it pumps, sell it immediately so you won't get lose by big whales. |
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If you were in desperate need for money / Bitcoins, what would you do? How to get it, earn it, whatw are your solutions and experiences? I wonder what people are ready to do when money is the problem.
Well in my opinion, Bitcoin is not a good source of being desperate to earb. Bitcoin as earning money happens gradually and should be done strategically. Bitcoin just offers financial system to make make anything online easier. |
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How come that it's scam when it's top 2 altcoin in coinmarketcap and its developers are still working to make its market stronger. Another thing, ethereum is the most progressive coin I can say since it has a contract which allows people/investors to hold their ICO and also to build stronger foundation in crypto currency.
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Having a right mind set and being objective is what you need to prevent grediness. Of course if you feel like your emotion is becoming more dominant than your strategy, it's better for you to stop it and that is what we called a right mind set. Before we gamble, we must be clear on ourselves that we should take it if we lose. If we win, it's also better to stop it so that there is no opportunity for house edge to defeat you.
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Do you gamble for fun or for profit?
I do gambling for profit. Since if I just want to play for fun, it's better to play online games instead. However, I don't take it seriously, I'm playing it calmly so I can focus and at tye same time I'm not being pressured. |
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It's personal. Whenever I feel have gotten good profit then I will sell out my btc or if I'm not satisfied then I would choose to hold the bitcoins. I will also try to increase my bet on the trade if I'm feeling that bitcoin price is going to rise. I will just capture the trade and sell out btc immediately.
yes that is right but we need to study the market also. if you are studying the market then you will get good clues either to sell your bitcoin or hold bitcoin. you will get good information buy studying the market. and then you will study according to the market. Of course it's needed as that's the primary needs of a trader in order for him to make his trades profitble. However, not every analyzation always succeed. For this reason, we must trade what we can also afford to lose. |
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definitely yes but fiat should still be there as bitcoin is just for online transaction. This is a great currency for people who transact from far away as they can recieved the payment instantly without getting hussle.
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Yes. It could teach you to be more patient, and always protect your capital from risk. Gambling will teacg you that there is no assurance of making profit. Somehow it looks easy but it's not. You have to cope for more so you can achieve what you want to get. Also, there is no successful gamblers that always win, they also lose many times.
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I always feel satisfied when winning in gambling, by having that feeling I feel a bit of pride from myself. A little sad but I think almost all gamblers have the same feelings like me, then how about you? Do you want to share your story for us discussing in here.
Well I always feel relief everytime I win in gambling as most often, I lose in the first place and I ended up in winnings and after that I stop playing for that round so that I don't lose and will play on the other day. |
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Do you know a good strategy to increase faucet satoshis (300-500) to couple thousand?
That's is just a waste of time. It's not emough since even though you multiply it, you'll still lose as most of gambling site, the longer you play the lesser the probability you win. What I mean is that, the probability of winning for start is high and it will go down as you win/ as time goes by. |
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The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market, For example digieuro
You don't have to get it here from every traders. You can check the top 10 in coinmarketcap which their price is like to be more stable as they are the top 10 who has the biggest volume thus it won't volatiles easily. |
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I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.
I don't see any reason why people would save bitccoin for fun as they have realized that it is the most precious coin as if now. Ever since, I'm saving up for future until now and my decision was right as it's still riding bit by bit. |
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What's the best way to turn fiat into BTC?
Bonus points if any of the following:
it's very fast
doesn't require ID
is well explained on the website
Please state which criteria your favorite exchange features. And which other ones you've used and the successfulness.
Well I always go for a legit local exchangers and trusted exchanger such as coinbase and bitfinex. And also, I'm checking other exchanger to check which offers better rate and which of them has the best reviews. |
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When do you decide to sell?
Is it a sat, a % of profit, or even a randomly thought up number in your head?
I am new to trading Crypto, but when I traded other stocks, I would aim for a certain percentage.
This seems much easier to hit that percentage, but much more risky.
How do you determine when to let it go?
Well I do and most of traders do sell their coins depend on what they goal is. When you do short trading, you are most likely to sell for less time and market movement let's say for example of a certain coin pumps +1-5 percent, it's good to sell for short traders. For long term traders, they do sell when they get 100%+ profit from their capital. |
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I would sttill hold eth and waves for future not only for2017. However, I'm holding coins which I don't have a plan to hold it for long term such as bcn, sc, and xem. Yet, it may alter once I got good news for them.
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hey.. i am new here...now i am start a tradding bt i dont know which coin best for tradding...anyone can suggest me...
Any coin that has a huge volume of trading is the best for trading specially in doing short trading/scalping as the support is massive thus your capital won't be risked too much which is profitable for every traders. |
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