I would rather trade than invest, trade faster but need enough time to check the market. While investment is more suitable for those who have large funds.
Trading is not only time. Investing is much safer than trading, at least in the cryptocurrency market, which is practically unpredictable. In other words, during trading you will almost always bet at random, how can such an environment prevent mistakes?
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I rarely use stop losses especially when im invested in Bitcoin, basically what im doing is buying in the dips and only sell if Bitcoin goes new all time high. You could say im a long term type of trader that's why, i dont worry if ever the price plunge cause i know it will eventually return. Long term trading for me is where the profits are.
All the same, there is a sense. If you bought Bitcoin at the bottom, then I do not think that you want to lose your money in case of unforeseen circumstances, such as a second bottom. Therefore, it is always better to play it safe and keep your finger on the pulse. A cataclysm may happen or something else that lowers the price of bitcoin very low. You must be prepared for this.
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I add important things to me and maybe other people also need, never make a purchase with all the funds, do it in stages. Buying in stages is important to cover losses. Except in the condition of bitcoin or altcoin the price is really low
This is good advice, but it is rather difficult to implement for beginners. When prices are low and you have a certain capital to buy, then you will not think about buying in parts. After all, if the price is now at its lowest point, then what's the point of taking risks and leaving part of the funds for the future. However, I agree with you that it is necessary to take into account all the risks and break the portfolio into components.
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It is already said that it has no connection at all.
Some stocks might be related to cryptocurrency but it is not directly related and will affect the market as a whole. Some say that it is connected to stock because when the stock fell, the market follows but in that case, I think that is just a coincidence. If Bitcoin's price fell, for this reason, that would be the same but usually every time different reasons with the stock market.
Said by whom? You? Are you the ultimate truth? How then do you explain today's growth that followed the rise in oil prices by 11%? This is probably just a coincidence, and the crypto market lives its own life separate from the rest of the world. It’s ridiculous.
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Gone are those days where some well known person will talk about a coin or even advice people to hold and the price will shot for the sky, this things to work anymore in crypto space today, the last time I witnessed such was in 2018
The market has become what it should be. Previously, people did not know anything about cryptocurrency, you could say anything, choose any coin, and against the background of plentiful cash pouring into it, it grew and showed a great profit. But then everything began to fall, and a similar strategy stopped working. And those who PR these coins were watered with dirt by community. But people themselves are to blame for being led by their own illusions.
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Well this coronoa virus really make every market goes down. But, look with other perspective the price of BTC or any altcoin is cheaper than before. I think its make an oppurtunity to people for starting invest on it. Im sure the price will rise again as soon as possible.
Looking at the bitcoin charts, we can conclude that such investment opportunities fall at least once a year. I find it very funny. After all, no other currency or financial asset in the world provides such opportunities. But someone manages to lose money during such global movements, and moreover.
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Why do you need to rebalance? Without proper experience in this, you are likely to aggravate the situation and make mistakes. What prevents you from investing and adjusting assets only with significant movements in the market? Do not complicate your life for now.
The choice is yours anyway.
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Personally, I do not understand how coronavirus can interfere with trading. Will it infect the servers of all major exchanges and disable them?
Even if the market continues to fall, it will only open up more trading opportunities for traders.
You can express your ideas here or in a branch devoted to various kinds of ideas.
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Because everyone wants their assets to grow fast. But they do not want to think about reality. People are very greedy, which is why many people have purchased altcoin when price was top. Now they are in huge loss. So now they want the market to recover, they will get their money back. They are in such a situation now that they become frustrated when the market is dumped.
Here is involved not only greed but also ignorance. When coins are at the peak of their growth, as a rule, there are a lot of people advising you to invest right now. Such people most often bought coins much earlier than advised, and it is vital that they continue to grow by at least another 10%. They are trying to provoke other people to support growth before they sell their coins, thereby provoking a recession.
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Given the current economic downturn, the big question is what will happen to all the projects that carry out bounty companies. The situation is only getting worse.
I don’t think that now there are many investors willing to invest in new projects, most likely everyone will concentrate on buying old reliable projects at a good discount.
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The old theme began to play with new colors. The market is in a state of recession, but it is badly caused by external factors, such as the general recession of the global market economy due to the coronovirus. The messengers of the crypto day of the day came to life, promising the soon end of all cryptocurrencies. It's time to buy fiat.
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Everyone is talking about the lack of correlation. But one thing needs to be understood. Large players in the stock markets also own large volumes of cryptocurrencies, which in turn allows them to create price drops. Note that the crypto market began to fall after the stock market fell and not simultaneously with it.
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It looks like you have already been given many answers to your question. It's funny how the forum revived, how many questions have been written over the past few days. The same questions. "What is happening again?" I am amused by the fact that this always happens in the same manner. Do not worry, patience will give you answers to all your questions.
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I believe that the whole world is only entering a decisive and critical stage in the fight against coronovirus. The economies of all countries will be in great decline due to external and internal economic constraints in the country. In view of this, all markets will continue to fall, as well as cryptocurrency.
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I am not a supporter of checking market prices in the first hour after waking up. Immediately after waking up, I take care of myself for about an hour. If suddenly the market prices have changed a lot, I will receive a notification that will tell me about it, in all other cases I start my day with morning rituals. Such as sports, education and meditation.
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It's hard often time for people to consider the negatives. That's human nature, and I'm human so I can relate heavily. You become part of a project, you're so excited about it that you don't consider the negatives.
You should not be too impressionable and have high expectations regarding any project. It is necessary to soberly assess the situation and have escape routes in any scenario. Evaluation of negative aspects is one of the most important parts of your analysis of any project.
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It does not seem that he managed to stabilize the price. Although it is possible, the $ 6000 level for Bitcoin is the same stable mark. For me personally, the big question is whether $ 60,000,000 is enough to keep the price and manage it.
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I think most of the traders here are somehow faced with the above errors, because they are quite typical. I also fell into the trap of my ignorance of stop loss. I was very surprised at the surprise when I found out that there is a functional capable of giving me the necessary tool for advanced control of transactions offline. If I knew this before, I would have saved a lot of money.
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I would like to see the intermediate results of your experiment. More precisely, I wonder how efficiently your algorithm works, namely the selection of coins. If you are still following this thread, then I ask you to give feedback or send me a personal message. Thanks.
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This is a great coin, but some effort needs to be expended on marketing it.
I agree. One of my favorite coins. It is a pity that the events in the market slowed down the growth and expansion of the coin, but I'm sure that everything is still ahead! I would like to see an additional listing on new exchanges, I am sure this would refresh the investor sentiment regarding the project.
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