In my opinion about 80% trader of binary option loss money and about 20% trader was make profit, so that why the broker of binary option never bankrut to pay profit of trader, so trader has small chance to make profit. Some broker of binary option cheating their trader so that why some broker now shout down and only a few broker was really legit and follow the regulation.
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Do you mean you want to be a good trader? Good trader is have skill about technical analysis and can to manage their emotion, dont be greedy and keep discipline with trading plan. To be expert trader first step that we should be learn is technical analysis, and then money management and trading plan.
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Bitcoin is gold 2.0 with limited supply and low market cap is easy to going to multiple times in the long term. So that mean Bitcoin will promising high profit. BTC is digital money that no inflation like fiat, every years the price going up and offer very high return. So many people will interesting to buy and hold it for investment.
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All indicator possible given false signal so make sure use stop loss. To trade by technical analysis is also we can learn about price pattern. Knowledge about risk management trading plan is needed in trading to avoid loss from wrong prediction and to minimize risk.
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Volatility of altcoin is more high than Bitcoin and this is good chance to increase BTC balance. Although now is not bull market, but there are some altcoin promising profit up to 70% just in aday. For day trading we need exchange that has high trading volume so all transaction will be fast with high liquidity. Some exchange that good for day trading is Binance, Huobi, Gate.io.
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Historycal price and price pattern of Bitcoin is really help to give information about future of price Bitcoin. Use technical indicator also will help to predict the price of Bitcoin, personally i use MA , trendline, Volume and CCI. Many trader loss in Bitcoin trading i think because FOMO and beeing emotional and did not use any analysis in technical.
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There are other trader was loss more than that, and they keep learning to understanding what wrong with previous trade. In my opinion you should be start trading again with better trading plan and dont use margin, because margin trading nearly to betting and will be hard to get profit consistently.
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Not only NEO but all altcoin was keep going down, this is just because the crypto market crash so all altcoin followed the down trend. When i seen the history price of Bitcoin since 2011, this price action still normal. All altcoin can be going up multiple times in a few month but also has possibility to going down to 90%, so we should be avoid to buy crypto on down trend and wait patient to get bottom price.
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History price of each crypto will give you answer for that, since Bitcoin created and tradeable on the market the price is very high volatility, the price can be going up 10 to 20 times in afew month and then going down to 80% to 90%, so if you like to start hold Bitcoin or others crypto you have to start when the price already going down to 80% to 90% and then hold it until reach 10 or 20 times.
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In my opinion HitBTC is legit exchange because i have been use this exchange acouple years and i did not get any problem so far. HitBTC also include top 10 exchange by daily trading volume.They operated since 2013 so this exchange is one of the biggest exchange in that times till now. For Yobit, i heard this exchange has bad reputation because they created and listed their own coin in that exchange but the coin just pump and dump so many trader loss money.
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In my opinion the price of Bitcoin will reach $100,000 in less than 2 years, one of the reason is because according to research total circulating supply of Bitcoin decreased because many holder loss their wallet private key and they can not access the wallet forever and can not sell it. With lower circulating supply and low cap so the price of Bitcoin will be easy to going up to $100k.
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Many people does not make invest in crypto because they dont understanding how to start and they does not know what is cryptocurrency and blockchain technology. Many people said its fraud without learn it, because they just believe with money that issued by government. Currently just about 1% of total people in the world make invest in Crypto and with this number is mean so many people does not understanding what is blockchain and cryptocurrency.
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When i look chart of Bitcoin and Litecoin in 2012 and 2013 which the price of Bitcoin was going up and down in that times and also Litecoin also followed it. This mean altcoin followed price action of Bitcoin since altcoin started tradeable. From this price action we will know when should be entry and exit fromthe crypto market, if we think the price of Bitcoin overbought also we should be sell altcoin .
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Decentralized exchange will be give solution for issue of hacking. And the biggest exchange of Binance will launch their decentralized exchange in the beginning of next year. Hopefully others big exchange also will launch their decentralized exchange so no more issue of hack again. We need better and more secure platform to trade crypto so crypto market will be more easy to be bom market because many people will feel their money will safe in that platform.
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Gem coin tradeable in small exchange, and now alot of new small exchange on the market, but some of them that operated a couple years is Coinexchange, C-cex, Liqui and Cryptopia. These all exchanges is old exchange that has good reputation among the crypto trader.
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There are alot of price pattern and candlestick pattern and all of them is have high accurately, and all of that divide in to 2 different thing, that is continuation pattern and reversal pattern. One of the continously pattern is bull/bear flag, and for reversal pattern is bullish/bearish engulfing.
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#Join Signature Campaign
Bitcointalk name: sedahan13 Rank: Member Current post count: 382
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To learn strategy and risk management of day trading, we should be start by learn technical analysis to determine support and resistance area, and to learn it there are alot of tutorial on the google or youtube. And second one is how to make the trading activity will be less risk by use management of risk and money. Some of the risk management is avoid buy coin on the top, use stop loss/ trailling stop, dont chase price when pumping, and dont be greedy or FOMO and you should be have montly target profit.
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Cryptocurrency crash will end and will change to bull market, all crypto already going down more than 70% include Bitcoin, so this mean all price of crypto already in the bottom and will be have potential to going up. So dont sell for now and keep hold it until reach to the highest price. If you sell now you will loss opportunity to make huge profit later.
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10% trading fee?? Is this correct? I think the trading fee the same like mention in their website. I also used HitBTC and the amount of withdrawal fee according to the coin, and i was compare with others exchanges is nearly the same. To withdraw my balance in any crypto exchange i always use coins like Doge, waves, Ltc, DGB that has very small withdrawal fee in all exchanges. Number of trader on the HitBTC increase and this exchange now include top 10 exchanges by daily trading volume.
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