There is no any common advice that will help to anyone, only the experience - you have to constantly looking for ways to improve your performance and minimize your risk.
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Stratis is pretty good now. I think you could pick up any coin from top20 on bearish market at current price and will be happy a few mounth from now.
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I would advice to use DEX (decentralized exchange). You get all the trading features of a 'regular' exchange, minus the risk.
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If you want to be successful in trading start with small amount. Usually traders had big losses when starting out.
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Passive investment strategies are the best for protecting your assets during volatility. If you don't sell you have nothing to worry about
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Pick up any coin. Nearly all coins typically exhibit very high absolute volatilities compared to your average stock. Just remember about two aspects: high volatility and good liquidity
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The main advice try to avoid the fear of missing out and don’t trust the hype and fake experts on youtube.
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I would advice you have no more than 30% of your wealth in crypto. This should be enoughto make you happy if you manage to double it)
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I just put all the funds in ledger nano s and leave it in home - so there is no reason to check it every minute, coz anyway have no way to sell it immediately
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Always remember you have to act more like business people than gambler. Because ususally the more the growth trend is strengthened the more greed wins over caution.
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Perfect minimum, each defines for himself. You should always manage risk, manage inventory, follow trends, just like anyone else in any business for profit.
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Same reason why gold is valuable. Coz we were told it’s beautiful. Just look at it. People adorn their bodies with it. It also has endless industrial uses. Gold is forever.
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It seems scary because bitcoin values keep changing every day. But keep in mind there are only 21 million bitcoins in existence. It works just like the value of gold.
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You should look no further than Ledger Nano S. If money is not an issue, I would suggest ordering 2 of them at the same time. If you loose one you can always get access to your wallet with the second one
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Bitcoin shouldn’t be made illegal by nations just because it is used by criminals, just as cars or dollar bills shouldn’t be made illegal because they are used by criminals.
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It's your decision, according to cnbc in US about 40 percent of those between 24 and 35 have at least $1,000 in crypto account.
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The idea that bitcoin rising leads to altcoins falling is an unproven hypothesis, it is something that traders have noticed, but due to the various flaws in human observation, we cannot say for certain it is true.
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Hard work and luck walk together. When you have luck, sometimes you get chance suddenly and after that you work on it with hard work and again you receive reward
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Trading worth it if you truly want to learn it. If you just want to copy someone else’s tradings, or have signals or algorithms doing the job for you then you will have a painful way ahead.
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I've read that someone calculate their correlation coefficient - yields a value of -0.6 This means that for long time they are indeed strongly inversely correlated for long time distance.
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