I bought some Litecoin when the price was on it's way up. The price took a dive but I've been holding them in the hope they will recover to their former glory. This doesn't appear likely to happen any time soon, would I be better off selling them now and limiting my losses and investing elsewhere or do you think it's likely to achieve a higher price in the long term? All advice appreciated.
I think litecoin is a very good choice in this term. According to me, it has always a great chance to grow more and in my way of thinking, it is one of the few coins which are giving hope for the future. Litecoin is very potential and stable to invest in the long run because it has a very professional management team and community support. The market is recovering well and I think Litecoin will also grow strongly after a long period of stability in this market. |
|
|
|
It's a Very Struggling time for Cryptocurrencies. The Market Goes down approx 10 to 15 Percent. Bitcoin Drop down $7k, On the other Hand, Ethereum goes down $400.
Be patient. Bitcoin and Ethereum will grow again, do not panic when you see the price of Bitcoin and Ethereum getting down. I think this is a natural thing, because most investors switch to ICO investment. Bitcoin and Ethereum prices dropped dramatically due to the many new ICOs present today. The market is showing signs of recovery very well although the overall downward trend has not ended but this is still a very positive signal. I believe that things are going well and the end of the year will be the time when the market grows stronger over the years of cryptocurrency. |
|
|
|
It is best to keep your assets in both bitcoin and eth. Simply, they are both good and it's not right to single out one person. The truth is, I think that there should be more bitcoin in the portfolio.
I spend a lot of my money to invest in ETH because it's the coolest multi-use application on the cryptocurrency market. I believe the demand for ETH in the future will help its value grow strongly in the future. Bitcoin is also great for investment, so the division of capital and keeping a bit on Bitcoin for backup is great. |
|
|
|
5 years is a big time to say anything about any currency. Ethereum popularity will increase and its usage will increase and used as medium of exchange but to be common it will take time. Ethereum price will 2000k to 3000k
Generally, forecasts have always sounded a lot And most of them are quite promising. I very much hope that the etherium for 5 years will show better results, rather than 5000 dollars. It is very difficult to predict the value of a coin for five years because there is no basis for predictability. I think that with what ETH has built up in the past, the ETH growth is strong in the coming years is absolutely possible and its value will be huge. |
|
|
|
Ether is certainly a promising coin, but I honestly do not think that he will have such growth about which we all now dream. Simply now, bitcoin is a better investment.
Both Bitcoin and Ethereum are very good coins and I believe that the strong growth of these two coins is only a matter of time. ETH is likely to reach $ 2,500 by the end of this year, which is my guess if the market rebounds strongly as it did in the last year. |
|
|
|
BNB should be in the portfolio of every serious investor. Sometimes you need some BNB to vote for tokens you hold (example XPX they trying to listing and community will vote for it and buy BNB)!
Binance is actually the best Exchange on the market today, although some of the bad news has recently made trading volumes in Binance fall, but I still believe and use Binance to trade. I believe Binance will soon have new strategies to bring investors back to its Exchange. |
|
|
|
Basically the same thing that goes on when the market is bearish or BTC is having a tantrum. Alts always suffer during times like these, so it's pretty risky to invest in alts. But I still do, and I'm sure a lot of you do too.
Bitcoins are being pushed up to increase, and large amounts of money from altcoin is taken for inclusion in Bitcoin so lower altcoin is understandable. But I suspect that this is the way whales lead the market and deliberately make the altcoin fall off to buy on good coin cheap. I bought quite a lot of good coins during the downturn. |
|
|
|
What is the right sequence or timing to buy and sell BTC?
When BTC drops, then sell all alts to buy BTC, when BTC goes high, then sell BTC for alts?
How many percents do you put aside for long-term HODLING?
In normal circumstances, there is no actual time to say "this is the best time to buy/sell bitcoin". Because it is a digital trading currency, then the rule of " buy low and sell high" comes to play, to avoid much losses. So, holding for a long run is a strategy that is used by investors who are really not into trading, but only for investment. The simplest way not to be too concerned about the volatility of the cryptocurrency market is to invest in long-term potential good coin. The best time to buy depends on a lot of market factors so keep an eye out for your own investment. |
|
|
|
"Over" is a very strong word, i do not think that it is over at 100%, but yes, it is almost over right now because everything is extremely bullish at the moment.
I am just expecting to see bitcoin going towards $14000 by next week at least.
Haha yeah this is not yet over because bearish trend is always there this pump up happen will not last we can see at we can see a downtrend soon untill bitcoin not yet brake the $10k level we all in the downtrend just my opinion. $10k could be psychology level for bitcoin.much trader and speculator observe this level.they will decide will them sell or continue to buy.but if we looking positive news in market, its big possibility to break $10k Yes this is correct. Let say like many financial insti adopted it but I think many traders will also get in and control the trade. So it's much better if mass adoption will take place. If we still have that patience inside, we will surely witness that $10,000. The moment the price will be reach, there will be FOMO that is going to happen especially if the news is about institutional investment or positive regulatory news. The market for cryptocurrency has not overcome the downward trend in the long term so it is not possible to conclude anything at this time. If market capitalization grows as much as in late 2017, then new trends in the cryptocurrency market will be identified this year. |
|
|
|
if you want to trade do now, because the trading market began to stabilize its price, now I also invest in the trading market, because the market has started to improve, and I want to make a profit
Short-term trading during this time is a very good choice for investors because it is difficult to predict the future trend of the market so preservation of capital is a priority. Keep track of coins with increased trading volume and cheap price, buy and sell when the profit is over 10%. |
|
|
|
At present, the market is down now, so it is the right time to take some risk. I would recommend you go for cheap altcoins which is a bit risky, but can be very profitable for you.
At this point, investors should trade short-term so that they can quickly get profits or cut losses to preserve their capital. The market is so unpredictable, so it is important to have a clear investment plan as well as a backup plan in all the worst situations possible. |
|
|
|
ICO investment during this period is very difficult due to too many projects being formed during this time, be sure to check carefully before making investment decisions and the references are only for reference. Arawtoken is a very good project in the area of creating online trading platforms based on ETH blockchain platform, the project has opened the sale and completion of sorfcap, I think this is a good project to invest. Click here for more information: https://arawtoken.io/ |
|
|
|
If i knew that bitcoin costs more than 100k, i would buy three at least and take a pause for the cause. I would drop crypto business and wouldn't take care about it
This prices seems exaggeration rather than reality because it can reach $50k-$60k after few years but it is not easy for btc to reach $100k anytime soon.If the prices would reach that level than i would be holding more than 60% of my savings in that keeping in mind the risk factor. I think if the BTC is 100k $, if I keep the BTC I will sell a part and the rest I will keep. If the investor does not have a BTC but wants to buy if the BTC is worth $ 100k then that is a pretty bad decision as it will be very difficult to continue to increase in value like that. |
|
|
|
I believe long term hodling is still an effective way to gain profit if you're not good in daytrading that requires time and knowledge to be able to do it right. But its important to make a research in the coin that you want to hold for long period, make sure to know every details of the project and invest only the amount you can live without so whatever the situation of the market you can still follow the plan and your target price on when to take profit.
Long-term investment with potential coins is the simplest way to earn a great profit for those who are not good at trading. Keeping a coin for several months often yields a lot more profit than a day trade but remember to always study the project carefully before making an investment decision as it affects your results. |
|
|
|
If still you have your coin, you can hold it for finish this year or you can follow your 2nd idea ( invest in some altcoins and remaining BTC hold ) and you have to select some best coin to invest.
For the time being, I think the best thing to do is keep the BTC and do not do anything. Maybe the market will continue to decline so if trade with altcoin will be very dangerous for investors assets. |
|
|
|
I trust that crypto is capable of growing larger than it is today, but I am quite concerned if fiat money replacing crypto functions. According to my fiat money has its own value as their identity and the criterion with other countries. Let crypto developed and advanced without interfering with the function of fiat money.
Cryptocurrency is showing its many advantages so it is being used more and more to replace the currency fiat. I believe that blockchain technology and cryptocurrency will grow the most in the global financial markets in the next few years. |
|
|
|
Oh. High risk, Very high risk dude. Why do you forgot about diversification? Buy some Ethereum, to my mind - 5% it's the comfortable amount of Ethereum in portfolio If you have for example only 1000 dollars of Bitcoin then it's not wise to spread only %5. You can't gain much with 50 dollars of Ethereum anyway. It's best to diversificate based on total amount. He could be a big investor, %5 is enough, or little fish, he needs to put %50 of his money to ETH. The allocation of capital at this stage is very reasonable because it reduces the risk to investors. Need to plan for the worst situations today to keep investors active. The market will continue to fall in order to bounce back later this year and I believe that everything will be fine again. |
|
|
|
That's the simple everyone failed to understand about cryptos, they think cryptos is a get rich quick space, cryptos requires times and patience, some might be lucky and make it quick but that does not mean everyone will be lucky, So take it slowly.
Right. There are many who demand too much for a young market such as cryptocurrency but they themselves do not want to learn the truth and invest seriously in this market. I think if you have determined the investment in a potential market as cryptocurrency then the investor should determine long-term investment and seriously study its true capabilities and benefits. |
|
|
|
At such times, you can not trade, because trading in such a market is more like a gambling or a casino. I now wait for the bull market and do not trade, and I advise you to do the same.
This is a good time to buy good coins at extremely cheap prices, and over time the market fluctuates, so times are great for investors because they can buy a lot good coin cheap. Opportunities always exist in this market and know how to grasp it if you want to succeed. |
|
|
|
To an extent I think you are right and I agree with your point that a lot of people believe cryptocurrency is a quick and easy way to turn money you already have into a massive amount. However, I dont think that it is right for a person to tell another person where the do and dont belong. If they want to invest and sell quickly, let them and let them learn the hard way. Cryptocurrency does require research and keeping up with, but experience is going to also really help a person grow.
That mentality was exactly what made people to join FOMO, some even did go to the extent of borrowing to be able to enter into the market and now suffering huge loss and unable to pay the loan. It is absurd to think that the market is a get rich quick scheme when indeed it is not, and it is because of this they get to panic easily when things start beginning to go unexpectedly in the market, and in such state, making decision without applying emotion for those in this category is impossible. Those people that do not know what it is to wait and to be patient must not even start to trade. Trading is for those guys that are very patient, have really good nerves, and never take the decisions too fast. Trading is not easy to succeed in a volatile market like cryptocurrency so take time to learn knowledge and experience from a variety of sources and real trading experience in the market place. Appropriate investment direction. Trading is not for those with weak psychology, so please identify your investment professionally if you want to succeed. |
|
|
|
|
Show Posts
