Because of the high level of volatility and risk invloved in day trading i don't usually do it. I prefer to buy and hold for a long period of time till when it hits my target. By that means i am not under pressure which might cause me huge loss which most people incure from day trade
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No man knows it all so comparing trading ideas and strategy should not be a bad one. I for one compare my trading ideas with other traders as i am deficient in technical analysis so i need to supplement my area of weakness and fix which ever part am not doing well. Sharing trading ideas helps one to learn fast
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Trading tools are good but i think getting trading expertise and experience is the best. Many people go into trade by relying on just trading tool and they end up making massive loss. To create a balance while getting all the necessary trading tool its important that the trader also try and have trading experince so it could blend well
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The issue is that most people are not patient while trade. Most trade with the expectations to make quick profit instantly. Most cant be patient enough of to hodl for the price of the token they bought to pump before selling, once there is any little dump they tend to fiddle away and sell at loss . Many traders needs to learn the art of patience while trading
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This is a highly unpredictable matket where anything can happen in a twinkling of an eye. For many this might be the best time to invest in bitcoin for others they would want to wait for another dump in the price of bitcoin. I will suggest you buy now, with the many adoption coming for bitcoin it will be safe to say it's not a wrong investment decision for buying bitcoin at this price
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Buying and just holding bitcoin till it pumped its not a smart strtegy from investors, as a smart investor you need to trade in between your hold peroid. And that is why you need to have propwr knowledge of technical analysis, learn about bitcoin charts, indicators. This gives you an heads up when a major support is been broken and the need to sell and rebuy at another good entry point. With this strategy tou get to increase your number of bitcoin coin you holding
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There are lot of altcoin you can invest in 2019 just take out time to do detailed research on the coin developments by the team check out how well the team is ready to push the project forward in terms of partnership, exchange listing, roadmap achievements and community engagements this will help you make a good choice and minimize your investment risk
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Nobody should be scared of IEO taking the place of bounty. For now bounty ia one of the cheapest way of a peoject creating awareness And publicity and to this effect dev of project wont just discard the importance of bounty for any peoject. As long and many IEO keps being launched then bounty will also remain for a very long time
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I prefer to hold it a multi currency wallet of which i must have acess to the private key so as to be in control of my funds and for easy access purpose. To do this i like using either coinomi or trust wallet they are both safe and easy to use
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Fraudulent svam project are mny within this crypto space. One has to be at alert so as not to fall victim..some of its characteristics are; Team are so concerned about community members buying their token rather than talking about project development Team have fake profiles Anonymous team details Outrageous bonus durring token sales
And many more. Just do your dleigent research before getting into any project
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Apparently it seems like a scam, so many red flag, team lock down the telegram group, withdrawal request not being processed, and team not responding to its community complaints. This are all sign of a major scam project
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I am so guilty of the first one. I panic so much to sell my token once i discover a small dump and this has made me to loose so much money because i end up selling those token below my buy price. I really wish i can mnage my emotion while trading it will help me a lot and in turn mininize my loss margin
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It seems holders are the biggest loser in crypto. Why hold when you can actually increase your amount of token by simply trading the coin. Just swing trade it , buy low and sell. You make profit and you still get to keep your token. Its a win win situation if you can trade at minimal chance of loss
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To some extent i will say you are right, many altcoin died as a result of the bear market. Bear market is like a litmus test for those crypto project that do not have a viable and concrete value to add to the crypto ecosystem. This should serve as lesson for new project to awlays try and deliver project that has real usecase and not just whitepaper theories
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To be on a safer side, divide your portfolio into two invest 70% into BTC and the rest on ICO. Btc is one coin every crypto enthusiast need to have. With the adoption of BTC going on presently, it is clear that crypto is the future and BTC is at the helm of the paradigm shift. Invest in ICO and you can use your profit to accumulate more Bitcoin
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Day by day investors keep investing in altcoin and a lot of the altcoin end uo dumping below ICO price and the dev are not ready to do anything concerning it. Dev of every project have a role to play in this if we want to see high demand in altcoin then dev team should be ready to take their peoject serious, avoid exiting scam and always provide liquidity for their token
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These type of altcoins are basically pump and dump coin with fake volume which will soon die off naturally . No wise crypto investor is suppose to hold those kind of coin for long term hold, it is highly risky and one can loose his/ger entire crypto funds to such kind of crypto project. Hopefully crypto will be regulated and scam projects will reduced
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