Sell's everything and get out of the market at the current price, I think it is only appropriate if you are sure of further price reduction and provided that in the future to buy back your positions at a lower price.
We are now on a strong cryptocurrency bearish market and getting out from this market is indeed a good idea because the price may go down further and it is better to get out now and just wait for the market to have a reversal and comeback and that is when you will enter the ride the market while it is going up again. |
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Good day, mates. My strategy is to buy coins when the price drops sharply. Sometimes I fail, because the price drops more than I expected. But, to prevent this worse situation, I put 30% of my budget at the time of initial investment. If the price getting down again, I put 30% more. With this strategy, I am getting some money so far. In conclusion, I recommend you guys to buy coins when they drops rapidly. After sharp drop, there should be sharp rising.  That's good strategy though it's very risky in the current market situation, we can't never know when this bear trend ends. but as I can see all market will not recover this year due to regulations and anomalies , 2019 will be ok I also see that this year would be just a huge correction for the market of the cryptocurrencies because they grew up a lot from the year of 2017 and since the whales have a lot of bags for the different cryptocurrencies in the market then they are unloading and getting some profit which is adding to the panic selling effect of the market. |
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You cannot get rid your emotions when trading because emotion is already there for a long time and the only thing that you can do in order to minimize the dominance of emotion is to have a self-discipline and also to have a strong plan or strategy that you can follow in order to trade very well and have a lot of successful trades.
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Good day, just want to share my experience,
I am using 2fa as my security in my emails and exchange accounts, so one day I nearly lost my phone and that phone holds majority of my pins, 2fa, etc. so I thought I lost all, luckily I found the phone. So now I'm thinking of buying an extra phone for backup. What else do you recommend for backup?
No need to buy a new phone just save a 2FA code or keep the barcode when you create it in a safe place. If your mobile phone at any time lost you can use it again by entering the code or scan barcode that you save it. Having a clean hard drive for back up and keeping it on a safe place is the best and that is correct that you should have 2fa in order to have another layer of security so you will not get in a high risk and you will not get a high chance of getting hacked with that 2fa. You can also have a strong layer of security if you will have a strong password which consists of letters, numbers and special characters. |
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Buy the dip and keep doing that and don't go all in on a single dip because maybe it is not the last dip and there will be more so if you haven't all in then you got a lot of bullets to fire in the market of cryptocurrency and get the best price deal in the market because of the bearish market dump which is like the sale in the malls that you should not be missed.
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Gold and silver are better than banks in terms of interest per year because they price are growing but if you are just comparing gold and silver to the bank because of the safety of your deposits for your money then i will say that it is better to just keep your money in the banks rather than having gold and silver because it is risky to keep it by yourself.
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I think that if you do not want to take very much risk, it's better to buy right now! The price may not fall below 6000. Now is a very good situation for a long-term purchase.
right, around the price of $ 6000 there is strong support, so i think it will not go down again anymore. but if you are not sure, then you can buy some of your capital. so that later not fomo We are now moving towards the price of $ 7000 and i think that is the reversal point for the bitcoin to prove that the bears are now getting weaker and the bulls are getting stronger to reverse the trend of the market from being on a bearish to a bullish market and sooner than later it will go to the moon! |
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Is there first if bitcoin Will incur rise? After a few weeks of downtrend, is this a good time to add investment to bitcoin?
It's right on the dip, or still There will be a second, third or even worse dip?
Give your opinion on this.
Thanks
Any time is good time to buy bitcoin like now that the price is below 7k. And I think it will not dip more because it still stable 6k and we all hoping that bitcoin will recover to this situation of down trend. Anytime, I don't think so. I guess this depends on the intentions of someone when wanting to get a profit. If he has intent to invest long term like five years or more advise to buy bitcoin anytime is a good time it is suitable. But for someone who wants to invest short term, I guess that's the wrong way. Bitcoin prices cannot be determined in the nearest future, everything is still pseudo predicted. I just think if long-term investments see from the ever-increasing rise in bitcoin prices annually, this is a fact and can even happen until the next year. Whether you are going for long term or short term investing in bitcoin, it is still the best or right time to buy bitcoin because we are so in deep dump right now and if you will buy now and hold it for at least a few months until december then you will see the enormous profit that you will make because of your patience in waiting. |
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With the price of Bitcoin being so volatile should we ever consider buying or even holding if we have bitcoins? What are your thoughts??? What should we do?? As it stands today at this moment, the Bitcoin volatility index reads: 4.57% the latest 30-day volatility estimate 3.54% the latest 60-day volatility estimate The bitcoin volatility index for present day can be seen at: https://btcvol.info/My opinion of bitcoin longterm can be investigated here in this post titled "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0If you can't trust yourself then do not make investment with bitcoins. Making investment with bitcoins is for strong hands only. You can't grow your investment if you do not have a lot of patience and knowledge. You need to trust in bitcoin as well, after all if someone only invested in bitcoin because he thinks he can make money and not because he believes in the potential of the technology then that person will never get as much profits as someone that believes in bitcoin, so if a person does not believe in bitcoin that person should not be in this market at all and should invest in something else. Before you go into bitcoin you should fully believe to its potential and the future of bitcoin because if you are just here because you are hyped by a person who made a lot of money in bitcoin then you should not go into it because it requires self determination and also knowledge before putting any amount of money into it to avoid regrets. |
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There will be a higher price soon and we are really seeing a great pattern for the latest price movement in bitcoin based on the candlestick chart and i think we can see at least $15000 this year and if the price goes more than that then that will be the best moment for this year because we are at least -50% from the last stable price of bitcoin this year.
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For me, I put about half year's paycheck as emergency fund. Then the rest I am doing some investment. Some is in stock, some in crypto currency. And I tried to diversify my investment to reduce risk.
That is a good plan so you will not get in debt when there is an emergency because you have the fund that will back you up and you don't need to worry. I think for a better situation, you should divide those half of your year's paycheck so you can expand them into having an insurance and also other type of investment for yourself and family. |
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Hello my friends, I am a newcomer to the Trade and I have been Holding the potential coin. I realized one thing I could increase the amount of coin hold by trading them, for example I hold 100ADA then I sell for 0.6$ buy back at 0.56$. I have increased the number of coin. Be sure to buy the right one if you do not reach the target, and the last target is the one you want to target. That's the experience I've been drawn to, how do you feel? Can you trade more effectively? P.s: I have a post for some of my new friends to refer to: https://bitcointalk.org/index.php?topic=2777983.0 , you have some advice for them, let me know by commenting on that, and this post is about the best way to trade. I believe that at this point you can start trading, you can see that today's market is having a very strong recovery signal and there are signs of a recovery, The market is showing signs of recovery as bitcoin and altcoin prices are constantly recovering very strongly. So I think at this point you should start trading. First, it's not a matter of using the money you put up from trading, because I do it sometimes, growing may be a good thing while you're holding, especially if you're already familiar with the price spin of a coin, it will be easier for you to get profits through trading in the coin.. It is best to hold some good coins for long term because of the fundamentals of it like a good and hard working team or a good road map but it is also a good thing to trade some of your money so you will not be bored in the market and you can enhance your skills in technical analysis that you can use also in long term holding. |
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One thing is clear. Digital currencies are the future. Fiat money will always disappear more and more. And after that some digital currency will be available everyhwere. The question is just, which one? Something like paypal, or do we get a real cryptocurrency who will be controlled by the people? I really hope it will be a cryptocurrency. Because i dont want to support the banks anymore.
Digital currencies are really the future because of their concept and technology that the government and other authorities might follow or use the idea of using blockchain because it is a really great advantage to have blockchain in their system because it is advanced and such a better technology rather than using the old one. |
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Learn to divide them and prioritize the things that you need to pay and you need to put some money in order to make more money with your savings. It is not healthy for me to just let your savings sit there and sleep for a lot of months or even years because it is better to spend them into things that you will give you opportunities and benefits.
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Do you think it will be the best time to sell as there are two kind of speculations one says the value of bitcoin will reach $20,000 by 2018 and there are also speculations that the bitcoin might go through a dump in upcoming days but i know we cannot believe into random predictions by random users due to the volatility of bitcoin but i need some suggestions whether to hold on to bitcoin or sell it out and invest some of it into altcoins and then wait for the price drop to reinvest into bitcoin which i am not sure will happen or not.
If you have set a target price to sell your bitcoin and that target price is already hit then its time to sell your bitcoin. Bitcoin's ability to recover from deep corrections have been proven in the past and it best for long term hold. If you are a bitcoin believer, it better to hold your coins instead of selling them because of some speculations about the possible bitcoin surge of dump. That is one of the strategy that i agree with because selling your bitcoins right now is just a dumb idea since you bought maybe from a high price and you are planning to sell it for a lower price compare to the bought price then that is an obviously loss and it is better for you to just hold them or put your bitcoins into altcoins to gain some more bitcoin. |
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Teach the children to have a successful businessman mentality and not to be successful employee because employees are living to work but the businessman are working to live the best of their lives and that is why we should be like them in order to experience the freedom that we desire ever since we are young so we should not waste the opportunities to become a businessman.
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I think yes because coin that has price under $1 is more easy to going up by multiple, but offcourse if that coin has strong community and solid team developer also that project interesting and solve many problem in crypto community. Take a look Verge and ECA that was going up multiple times since 2017 because the price when started tradeable just less than 1 sathosi.
Not all the coins can be easily multiplied to go to a higher price than $1, there is a lot cryptocurrencies in the market that is still under $1 but they are not going even close to the price of $1 and that is a proof that it is still depend on the progress and the moves that the team are making in order to make difference and make the price move. |
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As of now, it is pretty cheap and that is the reason why the people are still buying bitcoin because they know that there is a chance for bitcoin to have huge pump in the future and that is the reason for me also to hold my bitcoins and other altcoins even though i am experiencing a huge loss because of the dips and i hope everything will go well again.
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So what? Bitcoin and crypto are dead? Whales are manipulating the market for sure, it doesn't mean that it's the end of the crypto, there are still interesting projects. And to me, we are still at the beginning of the crypto.
There is a panic selling because of the continuous dumping of bitcoin in the market and that made a lot of FUD to the people and they are quitting and selling their cryptocurrency to not experience a deeper loss but they didn't know that there is called cycle for cryptocurrency that after it goes down then it will go up again and give prosperous months for holders. |
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The main reason why you should do long term investment with bitcoins is because the bitcoin is still gaining more power and popularity.If you will observe the chart of the bitcoin, you will find out that its value is continuing to grow up and it is the reason why it is better if we will do long term investment.
As we know that long term trading gives you time to get maximum profit from market and this is not possible in short term trading in order to get maximum profit. Long term will payoff the most as we know of its nature especially in the Bitcoin which give you huge profit after a long term investment of trading as after long term the market value goes high and encourages selling. Both long and short aspect of trading can both yield more income not as you said. But, the trader must have the right capital and also buy at the right time. The best features of long term trading is that it reduce the level lost, it require not much skills and it the best way for new crypto currency trader to start. I agree to that because traders like newbies can be less stressed if they will go for long term trading because they don't need to worry for the possible short term tragic that might happen in the market because they are positioned to do long term and they are more exposed to a higher profit compare to the high risk but lesser chance of high profit in terms of short term trading. |
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