I think this is very bad news especially for you because what I believe is that trade is very interesting and very useful to earn an abundant income, if there is someone out of the trade who just think that the lack of knowledge that's when I always remind to everyone who is newbie whenever you want to join bitcoin or this forum you just need to learn and understand first about bitcoin because it is not too easy to start with as we predicted and if you already very understand and understand about your bitcoin is not possible and no doubt again you will never stop from bitcoin trading.
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Quite alright, business is about taking risks-sometimes you lose and sometimes,you gain. He who is afraid of taking risks; I mean taking the bull by the horn,will not make any head way. However, to avoid losses, you need to be abreast of what is happening in that particular business all the time,that being current, and devising all positive strategies to make more profit than encounter losses.
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They are both profitable in their own ways but if I need to choose only one, I'll go with holding. I prefer holding because I know to myself that I'm not yet a good trader, I'm still lack of knowledge and skills to handle those difficult tasks of day trading. So for now, I only hold my coins (just playing safe) and hoping that it will grow bigger months/years after to gain profit.
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I suggest not to do this, I mean you can have two life and you can still do crypto trading while doing your office works or something. Its still different having a life than a life at home if you know what i mean. But yeah still depends on you. Its just that for me its best to keep your job and do cryptotrading at the same or as your part time anyway it wont take too much of your time. Its cool having two lives people will wonder how do you get such money and theyre not. So yeah keep living your lives bros!
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In my opinion, for me I will choose to trade why? Because If the altcoin that you bought increase and convert to bitcoin and the price of the bitcoin increase you will earn profit but remember because you grow your bitcoin your money will grow because you have double profit earning from altcoin and bitcoin that you have. Many peolle for sure they don't want tk stock their bitcoin so they choose. But not all time trade is good because sometimes also holding bitcoin is good because it is safe from losing even they have possibility to decrease price but the percentage is less compared if you trade. But the most safe you do is to do both trade and holding.
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When i was starting in trading and buying i experienced many mistake decision but this is the key why i learned. I always challenge myself how can i overcome all the mistake i made. I remember the first time I scammed and all my token and ETH balance in my wallet was transferred to other account, i feel like "why me" and what can i do to come it back to me.
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This post interest me in joining the forum. Since i am a newbie also and would like to learn about trading. Some members were giving inputs with thier advises and suggestions so I better take note with the importantant details. I apprreciate this kind of system. As I was told by my friend, it is another means of income and I guess he was right. This system is a form of investment wherein you can gain or profit with by trading bitcoins. Ideally this bitcoin is a lot of help in business for the investors. This one way to make a profit out of trading.
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I think that some altcoins will not only survive, but will also compete with bitcoin. While bitcoin does not develop, alternative coins are actively improved. For example, a ripple very quickly increases in price due to fast transactions.
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what percentage of salary to invest in bitcoin depends on your expenses or needs. if 30% is spent on monthly needs and the remaining 60% you should invest 40% in crypto and 20% for savings if there is an urgent need ,, this all sorted me if your salary does not match with my topic you can set it yourself just leave some% for money outside the investment savings
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if you doubt and have no experience in day trading, better to holding, you can gain profit daily by trading, but the risk are so high, while do holding, you can get profit for long term like investment. you just need to wait without doing anything, keep waiting your profit. once it going up, it will be huge profit for you by holding. but see the coins that you hold, if it's not in good coin category, better to find good coins to be held.
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Both is good because if you are trader you can earn bitcoin but it depends to your caputal and to your luck how much did you get. Like me I earned bitcoin because of the trading but it's not same amount it's different amount. I earned weekly because also signature campaign doing this by posting , by sharing my knowledge and opinion to ither people if your rank is high for sure you will get good but if your rank is low for sure it's small only.
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Patience is common idea and for me it's a common instinct of a person to have that kind of emotional adjustments, specially when you needed to control your decisions for not committing an erroneous trades that could result to profit losses. Well the psychology might help us but in reality were its not proper that we are replying on it as reference point. That's good for a trader to sell an asset by time price is at good selling value so that you'll earn huge profits.
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It is impossible if you start trading today but if you had invested a long time ago and bought coins at a very low price then I don't think your losing at all and of course if you also have not withdrawn anything yet but that is too rare. And surely most traders now have losses but it's not that much compared to some who just recently traded.
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day trade is just for trader who do it as main job, because they will pay all their time for trading and researching the market. Long trade is more suitable for investors who just want to make more profit from their invested amount, and trading is not their main job. They usually read newspaper everyday but it all the time.
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Disappointment and regret is part of job description of trading initially. As you grow and you horned your skill in trading you will realize this negative emotion are not necessary. You will be able to eventually move pass them.
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Price is changing due to the demand of bitcoin or any other cryptocurrency. If the price starts to increase, then it means that there are too many people that are buying that coin and when it is starting to decrease then there are too many people who are selling that coin. And predicting a coin price, it's hard to do although we can predict the price that we want to say but there's no assurance that it will be accurate.
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Yes, you certainly can. Try join some good signature campaign which pays out a good amount of money, it will give you a good amount of income to start with. Do it for one month and save all what you get from the signature campaign.
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I sold some coins now on localbitcoins and got fiat money in my bank account as I felt that this is really good price to sell few coins and collect the profits as even selling today has given me very high profits so there was no point in wasting time by holding it longer as anything can happen in coming days so its better to sell them off instead of holding it too long.
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