|
I'm not sure there's a way to overcome this fear. But you can get used to it. And the best answer is: if want to feel safe don't bet on large summs that you can't aford to lose.
|
|
|
|
|
Right now, the majority of Crypto trading is speculative, and while use cases for the technology are on the increase, it is still speculative. What this means is, while investing in Crypto can present investors with a great opportunity to make money, not everyone will.
By trading Crypto, there is no guarantee you will make money. This is a highly volatile market, which, while sharing the characteristics of the stock market, is decentralised, unregulated, subject to manipulation and highly unstable. Crypto is not a get rich quick scheme. If too many people think it is, the prices will go up too quick and the bubble will eventually burst.
As such, if you get involved, the golden rule is not to invest any more than you can afford to lose. If you have followed this rule then all your investments should be considered long-term, and by long-term, I mean 3–5 years minimum. Why? Simply because the longest bear run we have experienced is two years. Those who invested in Bitcoin in December ’13 and didn’t panic sell during the crash had to wait until early ’17 to be back in profit. Over three years. A bear market can hit us at any point and if it does then the longest we have experienced is two years and this is our benchmark.
|
|
|
|
|
For me, i would choose between cryptopia and binance, they are pretty good.And i do enjoy trading on the binance client. I used to be a supporter of hitbtc, but in last 2 months they are really terrible. Just look how they are treating XEM/NEM deposits and operations (blocked from a week). also I've recently found FreeWallet. It is very convenient to use, rather fast and nothing have ever been stuck there, the longest transaction I had was 3.5 hours, but normal for ICO crypto, which I put out into BTC, most likely. And in freewallet you can sent BTC without commissions, although usually it is around $15, so this is a very nice bonus.
|
|
|
|
|
It very much depends on your luck. Glad to hear your panic leads you to profit. As for me I know that panic will make me loose something that's why I never make desicions while panicing. Well I make them but do not act immeadelitely. Prefer to calm down and analize
|
|
|
|
|
Please do not do that. First of all, never invest “all” your savings in any one instrument irrespective of how good it is. These are currencies, not really investment options, not regulated, why would you “invest” everything you have in an option like this? Build a diversified portfolio according to your risk profile and suitability.
|
|
|
|
|
Bitrex, etherdelta and binance are now widely used for trading purposes. I see in this list also bitrex most choosy wallet among the forum member. I also use freewallet, it's a very trustful one.
For me, i would choose between cryptopia and binance, they are pretty good. Coinbase is very trustful but rather limited. And also freewallet is a very good one - with lots of coins availible and low fees.
|
|
|
|
|
I don't think betting all in is a good idea. It's said you have to wait, but in these circumstances it's just a waiting game. Hope everything'll be all right and you get your money back without any losses
|
|
|
|
|
Yes, I bought BTC with fiat money and I'm happy I did that. As for altcoins and small ICO coins, I earn them in bounty sometime but don't spend my real money on it, although I've got a lot of luck with those in the end of the year
|
|
|
|
|
Why do you decide to quit? It's a quite strong decision. I think you can do some traditional investing with your money or buy a house
|
|
|
|
|
I'm voting for FreeWallet. Use it for three month already and never get any problem. Saved a bunch of money on fees. They offer 0% transaction fee for BTC inside there system. And outside fee also good. But it's not that good for little cheap coins, because the system does not always cope with the load. But support solve problems fast enough.
|
|
|
|
|
Я очень часто захожу с телефона, потому что на работе просто неудобно с компьютера это делать. Главное, чтобы клавиатура на телефоне удобная была. На старом много опечаток лепил, теперь получше. Ну и я остаюсь залогинен в нем, очень удобно. открыл и сразу смотришь, если ли личные сообщения и что вообще как.
|
|
|
|
|
Самый дельный ресурс - это вот этот самый форум. И я бы рекомендовал на английские ресурсы делать упор. еще ютьюб посмотрите, там много контента на эту тему.
|
|
|
|
|
I'm using CoinBase, Bittrex and FreeWallet. These are the most convinient exchanges for me, I tried a lot.
|
|
|
|
|
Switching back and forth between fiat money and cryptocurrency will require a traditional point of exchange for the foreseeable future. But some technologists say an alternative model for trading cryptocurrencies that would give people more control over their wealth is possible. It’s meta: exchanges can be decentralized, they say, using a blockchain.
|
|
|
|
|
I like Binance as they provide 0.1% fee. And they are continuously working to improve. I used to respect hitbtc but after I lost $100 there I became a hater. Now I keep binance acc, coinbase acc and recently got a freewallet acc cause they are really working hard to keep low fees and do btc transactions quite fast and cheep
|
|
|
|
|
It's just their justice minister said that they are preparing a bill to ban cryptocurrency trading. So as you say it might be just whales speculating and somehow sending signals to frighten traders and start a wave of selling.
|
|
|
|
I'm recently testing FreeWallet. They are quite new on the market, but already offer 0% transaction fee for BTC inside there system. And outside fee also good. But it's not that good for little cheap coins, because the system does not always cope with the load. But support solve problems fast enough
I heard about it from a friend, FreeWallet really offers no commisions but only inside the system. With main cryptocurrencies no problem though. I looked at their mobile app, looks good. |
|
|
|
|
You can choose a cheap altcoin price so you can have a big amount of the coin and you can save in your wallet. I don't suggest buying an expensive coin because we don't know if the coin could increase more or only increase for a little. for a cheap coin, I think you can analyze verge, ripple, dgb, sc, ada, and else and you can buy right now because the price is not too expensive.
|
|
|
|
|
I'm really counting on ModulTrade. It's a great project, a very promising one. It's a trading platform which allow users and small companies to do free trading without large fees, which is great when your trading budget is limited
|
|
|
|
|
Show Posts
