alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.
Holding is good not only for the rich people but also for those financially capable and with a lot of patience. Holding is not appropriate to the people who just trade to earn a little profit from their small capital daily. What if the value of token you hold suddenly drop down? Of course you need to wait for it to pump again to avoid loses. It also takes time. |
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Safe with bitcoin if in your country you can buy all your needs online just by using bitcoin as payment. But unfortunately it was not available in other places that's why people have no other choice but to go outside to buy and do their works. If they don't have choice in order to live and provides the needs of their family, they will still go out to work. But there are also other form of online buy and sell that you can use electronic money if bitcoin is not available to use as payment.
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Very risky if your goal is for a short period of time and you just buy now where value is too high. If you buy now and hold for long term, then I think you can earn a lot from it, just have more patience. We are looking forward for more than $100k value of bitcoin this year or by next year. So holding bitcoin is really profitable. Also remember that you can't get profit if you don't invest and take the risk.
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As I saw the chart, it seems every months has a different situation. So, I think the month of May- Oct of this year 2021 will still profitable and in a green color which is good to sell if you want or just keep it and hold to wait for another ATH. If you sell don't go away, instead wait the dump and buy again more bitcoins and altcoins. Investing in crypto is to risky but profitable.
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There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared
Cryptocurrency is really an amazing digital investment. And I agree with you, those who invest during the dip after the 2018 ATH and just keep holding and just sell now are already millionaires and billionaires. Crypto Market are volatile and there is always a dump, so always watch the market and grab the opportunity to buy at a lower price if ever. |
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In now days too much Altcoin Project are Launching one by one and all of them claim that invest in his project because we will be successful in upcoming days but in the end they run away and make a scam. They don't woory about people fund and stole them.
So how we can trust on altcoin to give us profit after investment. Because most of them become Scam and Scam. All of them has one Aim how to stole too much fund .
So how we make altcoin investment safe ?
If you want to invest and earn in different altcoins, then just accept the fact that it's very risky. Most of the projects seems good and promising but at the middle of growth, the project suddenly drop and you don't know if it will pump again or the project team run away and left their project hanging. Much better to choose those altcoins with higher demand and most popular in crypto market. If you want to invest in a new altcoin, then you should be careful and take all the risk that might be happen. |
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Hello guys, how to start trading on the crypto exchange?
I would like to hear the opinions of professionals people.
Oh! It's very simple my friend, just deposit your tokens or dollars in an exchange that you want to use like Binance, Okex, Bithumb, etc... then, after that you successfully deposited your funds, you can start trading right away. But of course always be careful and just start trading with small amount first while learning and getting experience. It's easy to say that trading is just a "Buy low, Sell high" but the fact is, it is too risky that's why much better if you learn first about trading even just basic. |
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Hey guys,
I have only been using Kucoin for a few months now and I wanted to know what the best method to cash out my crypto to USD would be? Should I trade it all to Tether then transfer to a USD exchange like Bittrex or something else?
Any help is appreciated.
If you use Binance exchange you can use p2p to cash out your money from crypto. You can cash out also through your localcypto but it depends on your country and specific area. In our Country, it's not difficult to cash out because we have a crypto wallet that you can convert your crypto directly to our fiat money then cash out on any remittance center or banks. |
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Actually, if we stick to the plan, there is no need to rush in trading, because we have already determined buy and sell targets. So before
the buy / sell target is reached there is no need to do anything, because acting outside the plan is usually making a loss in trading.
In other words, we really need to have patience in trading, if we really want to get a profit. Crypto market is volatile, making us panic
and take action outside the plan. This must be avoided.
Indeed you're right! Patience is always need in trading, if you already set a plan, just wait it to be reach because if not you might loss instead of making profit. Although we have different strategy in doing trade but whatever kind of strategy is it, patience is always need and right timing of buy and sell. |
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Prediction is not reliable because the basis of higher value is the demand and supply. If there is no increase in demand, its difficult to predict a very hight amount of value for Ethereum even in other coins. Bitcoin is the king of all crypto but still not yet reach $100K how much more the Ethereum which is just second to Bitcoin and too far to reach the value of bitcoin or even more. But we can't rule out the possibility that Ethereum will reach $ 100k in the future. Let's just hope and wait.
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How can all be rich? How can all be poor? Everything need to be balance. If all people are rich, who will do other works that only poor people can do? That's why it's impossible without poverty because that is already a part of society and economy since the beginning. Sometimes, even people strive more to become rich but at the end still useless and remained poor. Sometimes we think that life is unfair but that is the reality, there is rich, middle class, poor and poorest among the poor, we can't change it.
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Binance features is also like with other crypto exchange but the difference is Binance is the best among all those exchanger. The best to use with low transaction fee if you are going to withdraw your funds. Binance is very convenient to use and a user friendly exchange. Unfortunately, not all the tokens that you have is listed in Binance, so, you don't other choice but to use other crypto exchange where your tokens are listed. If you just trade with Bitcoin and Ethereum, then, the best trading platform to be use id Binance.
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I think that's a story of almost everyone who knows bitcoin during the value is not yet too high like in 2018 or much earlier. But what the good point of this story is that, you always stand up and keep walking, what I mean is, you always try to invest in bitcoin despite of your mistakes. Honestly, we can learn better through our own mistakes and experiences.
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Hi Friends, I hope you all are enjoying the BTC ride  in Some youtube videos I heard some analysts talk about taking profits in bitcoin without selling bitcoin. some of them even said that they doubled their Bitcoin amount in this bullrun. They don't explain how exactly to do that. I tried to research and can't find any way to do that in any of the exchanges I use such as kraken, bittrex or coinbase. The only way I know of, to take profit of bitcoin bull run is to sell some bitcoin which means the bitcoin holding will reduce. So, I am just wondering is it really possible to take profit without reducing bitcoin holding? Am I missing something here? Thanks  In our country, we have a local wallet apps where you can store your bitcoin and other digital currency. On this wallet apps even you didn't sell your bitcoin, if the price increased your bitcoin also increasing, so it means if you buy bitcoin at a lower price and just put on this wallet without doing anything, if the bitcoin price increase, you will surely gain profit, but in order for you to benefit your profit you need to convert it directly into a fiat money without selling in exchange. But usually in crypto exchanges, you have to sell your bitcoin at a high price in order to make money or to gain profit. |
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Crypto and btc Don't need fiat for one reason :
Becouse to create crypto or btc you need electricity.
If the crypto or btc can be new currency it need something to back it.
And electricity is best becouse Everybody need electricity electricity is the most valueble thing in the world.
Fiat is based on debt so based on nothing just promese.
After electricity the good ones wich can back are
Salt and sugar.
But nothing cant beat the electricity.
You know bitcoin and other cryptocurrency needs electricity and internet connection/data to use it or to make transaction but it is not Backed by electricity. Also at this moment not all countries are accepting or allowing to use Bitcoin and the adoption of bitcoin is not yet enough to say that it doesn't need fiat. In my country even we are able to use digital currency freely, we still need to convert our digital currency like bitcoin into our fiat currency before we can use it to buy anytime, anywhere. Using Bitcoin and other digital currency as mode payments is still limited. |
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