indeed all daily trades have greater risk than long-term trading, but if you have time for short-term trading by always looking at market movements I think it can minimize your risk
but in right now, I think it's difficult to do because the market is going down and even it's down too deep. it is hard to take a profit from this moment because we need to always check the price, analyze the price from time to time, do a fast move for the coin so we can still make a profit. I think holding the bitcoin is better than today trading right now unless you have skills to do that. Hard for some but that's what experienced day traders do. Even in a red market, day traders would takr advatage of a coin's natural volatility, meaning even small profits would be good enough and can be attained. Though of course, this would need a lot of experience and skills but that can be acquired through continuous practice. |
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For me YES, there are many big people behind this manipulation. Specially those people that is really rich, and planning to start to invest in cryptocurrencies. I really believe that manipulation of the price of Bitcoin still effective but it will not be effective forever, bitcoin will become fully decentralized soon.
Well obviously it is manipulated but not fully. Saying that it's fully manipulated would mean that there are no other aspects affecting the price movement aside from whales. A lot can and is affecting btc price. |
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Usually I am preparing myself to the process of trading, I listen to the calm and positive music, usually I am drinking green tea with mint. You can think that I am kidding but this is real, I'm trying to be as calm as it is possible.
Its look like easy to control our emotion but not so easy. I think it need a good experience in trading which can make you able to control yourself and take a right decision in a right time. So having good experience in trading can enable you to take a correct decision on time. Lol that sounds like being meditative in trading. I think it would not be so easy though for most people especially when you're actually seeing your money slowly but surely dropping in value. But worth a try for those nervous newbies 😛 |
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For me, this simple thought is good and yes I am doing this lately. Buying some coins, selling some, and hold some especially those promising coins for a better profit in the future. But we shouldn't stick to this strategy all the way. We can do buying and holding only for a long time to earn a huge profit if selling is not really necessary.
I think it depends on the strategy and conditions, it doesn't matter to use this strategy for the long term if it's still profitable? sometimes selling everything is also the right thing if your target selling price is reached, and you can sell some if you are still in doubt, again it depends on the strategy and conditions Well they always say diversify so that could mean not only in what you invest on, but also the method you use for investing. It's always better to have a variety of options for different situations. |
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Stop day trading with bitcoin which is the thing causes too much price fluctuations and disturb the long term investors.Day trading can be quite profitable with crypto currencies in short term but you keep buying and selling the coins for a while you will have nothing substantial profits in long term so be a investor and let live the bitcoin longer by holding it.You still have lot of other crypto currencies go and day trade with it and make some money.
Well if people are making money with bitcoin's fluctuations then you basically can't tell them to stop. Fluctiations can be taken advantage of when you day trade that even bear markets can produce decent profit. |
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yes, some broke because of margin, some broke because of overtrading, some broke because of hack, and many other mistakes they make in other ways. People will always lose money in trading, because mainly of greed.
Right.Do not overthink about trading.You will still gain profit just by simply following the basic rules about it.Just learn how the market moves and follow its flow.Because if you keep on trading without the right timing,this will make you lose in the end instead of gaining big profits. I think it's not that often that people actually get the right timing. Even when you're already in profit, it's normal to wait for the value of the coin to further increase thinking of maximum earnings. This thinking usually turns profit into losses. |
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You need to learn TA basics , to understand it really well and to pratice it a lot ( with demostration account on forex for exemple ) I m learning trading until one year and im still in demo account cause my trading is not good enough . its like a marathon , or competition . Of course you need to like charts ^^ cause you gonna spend lot of time behind charts ^^
Yeah a lot of chart reading and analysis. Not all people are comfortable with that, me included. Amd learning how to read graphs and charting doesn't always give you an advantage since movement a lot of times are pretty random. |
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There's no better time to buy bitcoin right now when the bitcoin price is so scary because when it comes down to a large amount because your money is losing money.
Man, you used the right word - scary. Certainly, the market situation cannot make anybody happy. Now, very few guys want to enter the market as they started to doubt if the crypto grows further. yes, it will grow, just wait. Buy BTC. Well peoples' persectives vary when it comes to that. It's scary if you're considering short term trades since the movement right now isn't really good unless you're really an experienced margin and day trader. Now if you're an investor or a long time holder, then you'd look beyond the current trend, probably a few years ahead. In that case, the price now even if it increased would still be a good buy zone. |
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It is true that e-money investments bring you a lot of money. But not everyone is capable of doing that. Those who lack the knowledge of electronic money if hurry to invest money is dangerous. You need to know the market situation if you reduce the price you can stop investing in crypto.
How can a person trade if he refuses to learn the stuff about trading? Only those men that are eager to work hard, ready to lose sometimes to gain later, who are very ambitious and resourceful can deal with this business. That's why crypto trading is not for everybody. There will be people like you who'd gladly take risks and there are also those that can't afford losing capital or holding their money for a long time. Better to find other investments if you're not willing to make high risks because crypto won't be for you. |
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Given how it collapsed in only a couple of hours overnight I think people become more and more worried and are getting closer to the verge of desperation and losing faith so I hope this turns around quickly but I don't think it will reach that high.
I think we're far from losing faith and being desperate since we've been to worse times than this this year. This market definitely will test your patience but 50k is a bit too much to hope for this year. As things stand, we'd likely end up below 20k. |
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Hello Guys
I think, that will a BTC in next one or two months going down but, no so much, and then coming next jump. But this time, I think it will take longer and maybe will come also a new record resault. I will appreciate an expert comment.
This is my hope and anticipation, because bitcoin would not jump in December this year at than everything that I've been doing this year is worth less and silly it means that I just wasted a year of my life participating in all those things here. Why then are you still here? Even if it doesn't jump this december, btc growth isn't only until 2018. We're just starting up and in probably a year or two, nonbelievers would look back in regret doubting what could have made them big profits. |
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if you are new to the world of crypto you better make a purchase or invest in a good coin, and I think BCH is a good coin for you to buy.
I believe you should only invest in bitcoin at this time to minimize risk, investing in altcoin will be very risky if the bitcoin price drops, the altcoin price will drop sharply and you will greatly damage. So you invest in bitcoin, now bitcoin price has started to recover slightly to $ 7600 level and you can consider buying bitcoin at this time and short term trading. Yeah with a market movement like this, btc would be your best bet. Bch has hyped out last year and though i think it can legitimately make money for you, it's below btc and eth. |
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If you know how to select good ICO projects then you can invest at this time. Good projects will benefit you in the future.
We will always know if we make an effort to study a certain project. There are a lot of ICOs nowadays and majority of them are scams, if you are lazy, most likely you'll end up unsuccessful with your investment. Also, make sure you risk what you can afford, that will make your life easier. Yeah, good legitimate icos aren't that easy to come by nowadays so if you're not really careful, you'd end up victimized by scammers. Icos are good investments, and a lot of people made a lot of money investing in the correct projects so take real good time in studying if you plan on getting in one. |
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I prefer to hold altcoins that I believe in, holding back for a long time does not mean without monitoring, I still monitor my assets at all times in order to know their development and reduce the risk of losing.
Holding is more convenient for me as soon as I have a full-time job and I cannot spend much time for the day trading. Additionally, it is not as risky as this kind of an activity. Well day trades really would require your time since one miss and all your trades end up in a bust for the day, and that's already money lost. And not all of us will have a good grip on how to make efficient trades all the time. |
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Not yet, this dip is still going down further as you see we are expecting 2 events this coming days. One is the upcoming Ghost Month which will start August 11 up to September 9. Any business decision within the Ghost Month are considered bad luck. So expect price will continue to dip just like last year. Another even is the ETF delay.
I think that is only a chinese belief, I don't think it will affect the market, it's different now, before this market is dominated by the chinese but their regulation making it hard for them to purchase crypto. I don't but let's just see, the market now as I notice is more unpredictable. I think it's just someone's speculation, I think the price will stop at price $6500 as before and will go back up after that, so I don't think that the price will go down below that. so buying now is the right time, because the bottom line is some time ago at this price.. Well i also don't think a chinese tradition will have a significant effect though moving the decision for the btc etf may very well have a negative effect on the price. We still don't know when the bulls will return or if they'd.even be back this year. So if you have the means, buy some every dip. |
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Im the one who believes in holding the coin, you need a lot of patience but it is worth to wait. Especially to those coin that has a lot of potential to have a good value.
The concept of trading is to hold and invest depending on the market situation so you always need to take advantage of the market every time the prices are dropping in order to get a huge amount of profit before the market prices goes back to its normal value's. Well most of the time it's still hard to gauge the movement that the market will take no matter what analysis you do. One mistake and you can lose a lot in day trades so for those like me who don't really have a good stroke, hodling offers a less riskier method |
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When my coin constantly decreases I always hold them for long periods of time, waiting for the price to rise again, that would be better for us, if we fear and sell pennies we will lose money right away. instantly
That's ok if you can afford to hold for long periods of time. That's how i see ut as well though if you're someone who's not prepared to go long, holding may prove to be disastrous. Like what's going on this year. There have been more downsides that up and if you're holding then you should be ready to let those uptrends slip by. If you're going short, better watch the market keenly for recoveries. |
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Bitcoin prices continue to decline as news from the SEC. SEC continues to delay the Bitcoin ETF decision, Bitcoin prices fell to $ 6,500. I hope not drop below $ 6000 again. Let's wait for the news in September from the SEC.
News is always secondary. The market and technical analysis show that with the current volume there is no demand for a high price for Bitcoin. For this reason, it will fall and consolidate below. As soon we see volumes to buy Bitcoin, then there will be growth. Sadly i think that's what's going to happen. Though the etf result will still have a big part in btc's trajectory in the next few weeks since i've read that the result has been moved again from aug 10th. Though i don't think there'll be any major movements now |
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Yes, I still hope one day that the bear will enter the market and we will see the market rebound, now the cows are running so the market is constantly falling.
Well obviously dude you don't know what you're talking about. Cows? Lol. Most of this year has been about bears so what are you talking about bears entering? They've dominated 2018 so far. |
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I know a book is Cryptocurrency Investing for Dummies. Top 20 Cryptocurrencies of 2018: Main Disadvantages of Bitcoin, Blockchain Revolution, Bounty and ICO, Tips and Strategies for Cryptocurrency Trading.
I have a friend who has read through it and has mastered his deals.
Let us be honest. 90% of people now simply do not have the time (or desire?) to read the books. As for me, it is much better to find good YouTube channels devoted to the crypto. Yeah if you're a newbie, then it can be quite difficult to understand crypto through books. Though some people are capable, most of us would benefit from actually seeing how it's done, so if you don't havr someone who can teach you personally, youtube videos would be the best help |
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