I buy coin that are newly listed! Every new coin will not make it to the cryptocurrency market but the newly listed coin will get lots of I'll interest in the first twenty four hours. During these hours you can make good profit!
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I think the best time to trade is when America wakes up! This will mean different time of the day for many people all around the world! The only reasonable thing to do is to align your time zone to that. Whenever America wake up is your day time as a trader!
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The newbies always complain of stress they have to went through when they start to trade! The more experienced traders complain of losses they incur in their trading activities. Somewhere in between these concern is ability to make good profit. I think the capacity to trade profitably is what we should focus on!
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Your trading position should determine your next line of action. If you are long on your position, there is no reason for you to sell, instead , you should be buying and see how you can find a trend that will work for you!
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Trading is a very engaging activities and trading cryptocurrency is full time job indeed! Treating your trading acts will keep you organised, focus and more importantly make sure that you trade to profit!
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Exchanges are essential in cryptocurrency trading and investing, we need to see more development and growth in cryptocurrency and more player need to come to market. The cryptocurrency is growing and expanding, so exchange should grow as well!
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Not necessarily, even in a stable and bullish market, you can not afford to trade everyday! Trading so frequently will expose you to unnecessary risk and you are likely to make mistake if you're constantly trading!
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As you rightly put it, uncertainty is very high in cryptocurrency market! I will like to pitch my tent with those who believe that the bear market will persist. The psychology of trader is such that when there is selling pressure, they tend to follow the trend and sell even more to get out at all cost and this will further drive down the prices of coin in the cryptocurrency market!
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I haven't seen the most ideal exchange and I don't think it will exist. The greatest concern I have about any exchange is security, if the exchange is secure and transparent, I will trade on any exchange with these value and measure!
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It depends on the outlook I have on my trade, if all I want is to short and get the tiniest margin possible, I will sell any opportunity. If I am holding and planning for bigger return, 80% loss will not move me!
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I am sure everyone wishes this scenario you painted play out in their trading of bitcoin, but if we all can do these successfully, everyone will be millionaires by now. The truth here is that nobody can accurately predict the future!
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Looking beyond 2018, I will say Bitcoin is the best coin to consider. The bitcoin will continue to grow and innovate and this will have significant impact on the value of bitcoin! The days leading to bitcoin halving will also be filled with surprises!
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I will advice you use one foot to test the trading waters first do you could see what your capacity are! Trading is risky moreso for the new trade. Get all the materials that will help you to understand trading cryptocurrency and start trading small till you capable of trading big!
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Blockfolio have been known to have glitches, there was a time I see some of my holding value in millions only to check coinmarketcap and see that nothing has changed! Arbitrage opportunity do come but most time it is time consuming and failed to deliver!
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The media opinion and knowledge of bitcoin is very shallow. We can also see the expert analysis of bitcoin is wrong. Their conclusion feel as if somebody is paying to paint cryotocurrency black and blue. I am sure average cryptocurrency traders and investors knows what to do in situation like this. Hold!
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You could just literally dive into the market and pick any quality coin at random , you will still make good profit in a short term. The reason been that the market is down and coin are cheap. In few months from now it will be difficult to see these cheap prices!
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I am sure people have mentioned all the centralized exchange there is. I have traded on reputable exchange in cryptocurrency and my advice is to start to trade on decentralized exchange especially Ox protocol decentralized exchange based. There trading opportunity on these exchange!
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One if the good attribute of good trader is the ability to adapt, improvise and foresee the possibilities. If I were you, I will take 15% loss only provided I have seen trading opportunity that will enable my recovery and perhaps profits!
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First, forget about comfort when trading cryptocurrency. You will have open position that could be unsettling, your mind will go wild on analysis about what could or could not be. Trading is very engaging and you should be prepare for it!
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Decentralized exchange is full of opportunities and surprises. Many quality token yet to be listed in centralized exchange is sold for pennies by crazy dumpers who don't usually care about the project and are easily satisfied with making few dollars!
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