Dear Manager, this is a proof of work done for my week two(2). I don't know why it was not recorded on the spreedsheet. Please kindly see to it by verifying and resolving the said issue. Regards. |
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Trading as we all know, does not seem easy, it actually does require a whole lot of work through proper analysis, knowing when to enter and exit a trade, dealing with emotions and all other stuffs. Day trading can be said to be a lucky thing if you do not possess the skills of trading.
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Bitcoin is sure worth an investment, to which most people have actually made a fortune from. There is either no minimum or maximum amount one can invest in the digital currency. But bear in mind that it is the amount invested that brings out the level of profit stand to gain. So, more money = more profit and little money = little profit.
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It is actually not an ideal thing to go all in when trading, because when it doesn't go as expected, it result to a huge loss. Going all in when trading could also allow emotions to set-in upon placing the trade. It is therefore, advisable to have some reserved, irrespective of the huge gain you stand to get.
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Bitcoin is a new innovation which is having its breakthrough in the currency world. Investing in the digital currency now is not actually late - the market has an up and down movement, at which one can enter in the lowest possible price when the it is down.
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In terms of availability and recognition, you have Bitcoin and Ethereum, because with these coins, you can actually purchase any other coin in the market. But in terms of possession and profitability, no coin is easy to obtain, unless you study them and detect the promising once to invest in.
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I believe bitcoin, as the first known cryptocurrency will always be the leading coin and as far as it would remain that, holding the coin for a long term would always be the best of options, except when an alt takes over its place.
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No doubt that the market has taken an uptrend, and it's kind of looking promising. In my own opinion based on my analysis, i think the uptrend has not been confirmed yet, which i believe would be, when some certain coin's value breaks a certain range.
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Knowing when to buy and sell in trading, is like a key thing. The best time to buy a coin is actually when the price has dropped, because by then, your risk level would have been minimal and the chances of the market coming back up would have been increased.
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At a point when i heard about cryptocurrency, i was kind of skeptical about it because it had regulatory issue. But when i saw that despite the regulatory challenge, that people were making fortune from it, it dawned on me that i was not making use of an opportunity. I specifically involved in crypto because of its promising nature as a new innovation.
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There are so many reasons which are also diverse as to why some people do not want to invest in crypto. One of which i think is the lack of acceptance by some governments, which in turn has not really make the digital currency legal for usage. Some people are holding-on to this reason while others are holding -on to some other reasons.
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