Trading on its own is a very risky business and you need to have a calm and collective mind, be confident in your trading picks and also have enough money to live on and only trade what you are ready to lose so that you and your family are not suffering. So once you sort your daily living out, then put aside the capital you feel comfortable to trade with and start your trading career, whether be it full time or part time.
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Yes, i agree we need to overcome our fear of losing money and most traders are like that even how many times they failed they are still able to stand up and try again. those people who have the courage to try are the one who is been successful in life,if you are afraid of losing you will never learned from your mistakes at least you have experienced things like that so in the next try you can avoid to lose again.
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Most of the crypto and altcoin generally change their value at a regular interval. Every people who are related to these coins invest there for benefit but what should they do if the price falls? The mind of a dealer can decide that and all things depend on that thing. You have to take all the real news about this crypto if you want to do anything with these coins and if you don't want to take any risk then you can sell them.
The news we get sometimes all of that's are only for pump and dump. You can take the respective step if the news is right. You can hold the coins and see what comes if you want to take a risk with your money. In the future, you should see and feel the success.
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One biger dump doesn't mean the altcoins are dead, don't panic. It's something we have all seen before. That is why is important to pick altcoins very carefuly. Many of them appear all the time but not all have the potential to survive and be successful. But that is the charm of altcoin trading.
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Well I use mainly this forum to get the lastest news and updates about Bitcoin and crypto currencies generally. But I also use Twitter because I follow some active traders and bloggers and they post the most interesting news in their Twitter accounts. I visit some crypto related blogs as well sometimes.
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I actually have loved an altcoin, and that altcoin is ethereum. I fell in love with it because of it's usefulness and function, I mean who would ever thought that something could be valuable than bitcoin despite the fact that it's value is not greater or not even close than bitcoin. Still, it is very useful and a lot of campaign joiners use it.
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Excellent job, If I am your situation I will take quit a while, after that, I start with a little amount of trading will not work I full time. I will save the remaining, and I convert to fiat to start own business regarding cryptocurrency also. But you have a freedom to choice what you want.
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Binance and Bittrex are both good. Bittrex was once the top on the list until people started thinking otherwise since the recent incident where they locked some accounts until they verify which some did successfully and some did not. It is human in nature to quickly shift to the next in-line until it messes up and I can imagine if eventually binance ends up doing the same, then we will always be back to the same routine. As long as I can trade effectively on both, they are good for me, I have never really bothered about verification anyway.
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You have to read a lot about trading before trying it, because without good knowledge you will choose the worst coins to trade, and you will sell fastly most likely without making good earning. Some coins have the potential to rise after long time, while others are considered as short term.
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My first advice is this: Any ICO that you may be interested in must have their presence and community on bitcointalk. Here on this platform, the community actually look out for one another despite the fact that people do have disagreement one and again. It is of serious concern that ICO follow the bitcointalk forum rules and you can have confidence in their plan.
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I sell my bitcoins only if I am urgent need of cash or its giving me huge profits but even if I sell its very small amount as I believe in holding it longer to make higher profits from it and now price is on increasing mode which clearly indicates that price will go much higher in future and when it will hit my target price I won't mind in selling all my bitcoins.
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The thing is each person has a long time period different from others, lets say for me long time is 6 months above, since crypto does changes very fast, sure bitcoin has rewarded the holders from the last 7 years, who where able to buy and hold had made a nice profit atleast of 5x its investment, but the thing is a lot people from the holders had sold their coins once they hit the roi, the benefict to save for some years might be huge but there is a risk as well.
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For me it is good to know about trading before involvement in the trading business but the important thing is the knowledge regarding crypto currency. If you have knowledge of the specific currency you may start in that because you can make good profit if you have knowledge and experience for trading you don't need to have much money you can use your skill and other people money to get trade in these coins.
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Base of my knowledge about trading is there is always be a profit if you involve in trading especially in the market. But in other case their are some strategy that the profit asking well be learther if you do it harder. When trading in the market their are sufficient profit base of the value have transaction. Base on how long I started this investment I never heard that they are transaction that don't have profit.
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Much better if you divide it, for investment and for the price of your coin if it is going to increase or decrease. It is like a gamble that you have to take a risk with specially if you are going to invest it to an altcoin that you are new to you. Just do some research on which it will be the best to do with it because in the end, whatever we say or reply in here, it is still depends on you what will gonna be your decision.
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There were many new altcoins that came to the market with the new technologies. Their developers claimed that their specific technology is powerful enough to beat Bitcoin. That sentences are varying. Bitcoin hasn't been beaten at the price till now but it has been beaten by the technologies because back then when it was created there wasn't possible to create chains based on something that exists today.
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It depends on the coin that you're holding because when you're going to invest it into a coin that will rise in the best few days or weeks then you soul is invest while it's cheaper because of you wait a little longer then you'll regret why you didn't invest as early as possible otherwise when a coin is already peaks the highest point of price then you can wait a little bit or longer to decrease a little bit then it's up to you whether you hit that buy button or not.
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When I was a newbie in trading every time I have a hug loss I get very upset and just want to give up but then as the day goes by and as I learn how to trade I managed to overcome that. Now whenever I have failed trade I make it as a inspiration to do better again and of course in my next trade I make sure to make profit more than what I loss.
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as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me
For me it is good to know about trading before involvement in the trading business but the important thing is the knowledge regarding crypto currency. If you have knowledge of the specific currency you may start in that because you can make good profit if you have knowledge and experience for trading you don't need to have much money you can use your skill and other people money to get trade in these coins.
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Binance is really great for beginner as it has a very nice interface and very easy to use, it also has a wide variety of alts to buy and the volume in the exchange is big aswell, but it doesn't have usd deposit so you have to buy your bitcoin somewhere else and send it there afterwards.
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