Trading is the best when you know what you are doing. Money can be made in any cryptocurrency market situations! I like bear market because it's easy for you to accumulate cheaply on the market. Everyone wants to sell and that create opportunity to buy at the cheapest price possible!
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If something happens and you need to divest in order to attend to a very serious issues in your life, definitely you will have to sell in other to be able to hold another day! It is only when you are in the right state of mind that you can make decision to hold!
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There are many conversations that precede the decision to invest in one coin or the other, some of the point mentioned will serve as basis for your overall decision. Cryptocurrency investment however require additional way of thinking which is different from what is listed by the OP!
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Any quality coin can be profitable, what is unknown is when such coin will begin to be profitable. There is no timeline to profit making on traded coin as much, market of cryptocurrency is volatile and unpredictable!
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I am making money otherwise I will definitely not be here. The market is gloomy and negative however, there are still many opportunities to make money from trades, ICO investing and gambling!
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There is no many traders that can get in and out of trade accurately making profit! However, if you employ good strategy couple with in depth analysis of chart and trend, you should be able to make an educated guess and win most of the time!
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The technical aspect of cryptocurrency trading can not be ignored or underestimated, it is good to learn how to interpret and forecast trading trend! It is a very useful skill every trader should have!
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It interesting to see that you stay the course on your investment decision on a coin you believe in. Never worry about recovery because it will happen so long you hold. But if you sell for any reason, then the show will be over!
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Trading is stressful and at the same time exciting! The best way to relief the stress is when you make profit based on your strategy, skill and foresight! Once the profit keep rolling in, the stress is out of the window!
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Distraction is the main issue to holding long term! Holding is easier said than done. There are many factors that militate against holding up long term which must be tackled and plan for well in advance!
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Without much ado, I think excessive sales bonus have a part in dump we see on newly listed token. But there are some other factor also that put token value under water. The long delay in launch and slow token generation event is also reason for lackluster attitude to token trading!
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Decentralized exchange is becoming illiquid due to the bearish cryptocurrency market. The little volume actually Depress new listed token and this will take a toll on the price paid by the investors! I think it's better to list in centralized controlled exchange first before Dex!
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The best time to make a kill is when bitcoin goes up, Bitcoin increase have immediate effect on the price of Altcoin. Altcoin usually dump when bitcoin is increasing in price due to flippers!
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For me, I do not like to hold to many coin at the same time , it will amount to waste of resources and energy. I hold bitcoin indefinitely because I believe bitcoin is the future of money!
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It was rather by accident. I have some experience trading equity and stock. I learnt about cryptocurrency and I was looking for how to keep my coin safe and somehow, I stumble upon bittrex and poloniex, the rest is history now!
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I use to read lots of cryptocurrency news, blogs and gist. Now, I relieve stress by playing Dapps games and sometime teaching cryptocurrency or volunteering at local library!
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Choosing a trading platform otherwise known as exchange shouldn't be difficult. The ease at which you trade and your comfort should be able to help you identify the exchange that will suit your trading and your style!
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I strongly doubt it, I will rather watch and observe the market with intense analysis as I chart the direction of the market in the short term so I can position and short my trading accordingly!
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Nobody like to talk about loses. Talking about gain reinforce you positive thoughts and actions, and to be honest this is essential in getting ahead in cryptocurrency! Next time you lose, remember your gain and take your loss as a payment for cryptocurrency education!
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Greed is the undoing of many trader. The moment you can effectively manage and control your greed, there will be little mistake that you will make. But you will likely trade safely and be content with your profit!
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