Day trading requires a big concentration and time to learn information about investment objects. Because trading mean that you will buy asset and sell it in short period of time without any drawdown. But hold and just wait for a long time is not trading, it is just long-term investment. The best strategy for newcomers is to try buy low any cryptocurrency from top-50 and hold it to sell in high (holding). If you want to trade into a day you will have to learn about technical and fundamental analysis. Because successful day trade is very difficult.
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Due to the fact that Bitcoin is a basic asset for almost all altcoins, the correlation between them is very large. While Bitcoin's dominance in the market will remain at the same high level, the trend will continue to exist. I think everything will change with the development of other basic and strong cryptocurrencies.
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I think that this rising is temporary, maximum it can get $ 7600 - 7800 and soon it will go back (down) again. In my opinion we will be in flat during whole this year.
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Actually almost 90% traders, especially newcomers use holding because they did mistake and now have to do so. And in the current situation this is the only correct solution. As we can see on the above message, we only in the beginning. In this market wins only the one who has enough patience.
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I think it is better to buy altcoins from TOP-50 and hold them for 1-2 year, especially for newcomers. Actually due to difficulty of using technical analysis newcomers can use fundamental analysis through learning technology, team behind certain cryptocurrency. I think it is simplest and the most effective way for newcomers.
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Definitely it is not trading. Because trading mean that you will buy asset and sell it in short period of time without any drawdown. But hold and just wait for a long time is not trading, it is just long-term investment. But actually long-term investment afford trader to earn money and correct his last mistakes. That's why many traders choose long-term investments.
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I expect that bear market will last about 1,5 year. This year Bitcoin will be in flat and next year in the spring it will start to recover. There will be new bull msrket in the second half of the next year.
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After the end of this correction Bitcoin start new cycle of uptrend. I think in the future it will transform in great asset, like gold or stocks (not payment tool or currency). May be in the future it even will be used by governments as reserve asset.
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With the development of technologies and the financial system, the technology of blockchain and cryptocurrencies will be developed in parallel as its derivative, becoming stronger and better. Personally, I believe that in the future the best cryptocurrencies will be integrated into the world financial system.
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Personally I think we will not see ATH update i this year. According to technical analysis bitcoin will be in flat till the end of this year. But also it will crash to $ 1200 - 3000. and will go back to current levels. In my opinion Bitcoin will update ATH only in the end of the next year and then will grow up till 2022.
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Day trading requires big concentration and time to learn information about investment objects. The best strategy for newcomers is to try buy low any cryptocurrency from top-50 and hold it to sell in high. If you want to trade into a day you will have to learn about technical and fundamental analysis. Because successful day trade is very difficult.
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Last 3 weeks growth has been slow, steady and strong amongst slight price fall now and then. Experts said the price would grow back by end of April and yes it happened. So will bitcoin price hit $20K by August 2018? I am sure yes if this current growth trend remains as it is.
What are your thoughts?
Thats too sudden man, I dont think it will reach that much prices in such short period of time. That's really too sudden, because getting those hikes will be like getting 3-5x more capitalism than what we have currently. And that is surely impossible currently because we are diving in the darkness, many hacks going on around the world and thats pulling back the market really hard. Unless and until these things dont stop we will never get to see that kind of sunrise! Also $20K price was not even real one, it was merely overvalued bitcoin. Unfortunately, I disagree with you, because according to technical analysis Bitcoin could not recover until the end of this year. Furthermore it will drop to $3000 , may be even lower.
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Personally I think that initially the drop in the price of bitcoin was caused by the manipulation of whales, aimed at an artificially lower price. However, in the future, with about $ 9,000, the decline was supported by market participants, who are guided by the fear of loss.
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Yes, I think bitcoin can crash to $1200 in 2018. There are manipulations, trying of regulations by the governments, fears of the market participants in this year. These factors negatively effect to the price. That's why if you have any asset now, just hold it, and next year you will get your profit.
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Honestly I believe Ethereum more then to Bitcoin. Also I think in one day it will replace Bitcoin. In the current situation I expect that, we Ethereum can drop to $250 and after such hard drop it will update ATH next year.
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I think that now is good time to buy anything, including bitcoin. Becuse in my opinion, it continue drop and can fall to $5400. The I expect, that it will bounce to $6800 , after which it start to go down to $3000. Also it can go lower, till $1200.
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I don't think that now is good time to buy bitcoin. Becuse in my opinion, it continue drop and can fall to $5400. The I expect, that it will bounce to $6800 , after which it start to go down to $3000.
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If I lost most of my capital in one coin, I will hold the first to coin it up again, whether it can be called trading or not? Give your opinion Definitely it is not trading. Because trading mean that you will buy asset and sell it in short period of time without any drawdown. But hold and just wait for a long time is not trading, it is just long-term investment without any guarantee that you will recovery your lost.
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Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Personally I think that technical analysis can help you to identify reversal levels and date of it. if you use it together with fundamental analysis you will have confirmation of trend reversal according to any strong news.
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Yes, knowledge as in any other field always brings a certain benefit and all successful traders try to learn something useful every day. For example I like to learn about techniques which can help to calculate days of trend reversal and levels of resistance and support.
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