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The 3 reasons above are the main reasons that often happen to beginners, but I add a few things that beginners usually do and this is really fatal if it happens Using fake exchanges and fake wallets. and trade without skills.
but not all beginners can lose and some beginners tend to last longer than some investors who only care about short profits and greed,
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many possibilities, bad news from all directions such as China prohibiting bitcoin mining in their country, Elon's tweet which was very influential on the decline in bitcoin at that time, as I recall but from the graphic side bitcoin is undergoing a correction, it's just that the correction experienced by bitcoin is very deep so it looks like bitcoin is breaking out
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there is no influence between bitcoin and the pandemic, where we see bitcoin reaching new ATH periodically up to 50k$, inversely proportional to the lives of people affected by the pandemic micro-companies go bankrupt, maybe not all areas experience a pandemic so bitcoin can reach a new ath, from a country that is not experiencing a pandemic
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if basically all coins are safe, it's just that each person keeps their wallets safe. and the key in investing in my opinion is to buy valuable coins and if the market correction period is still worth it, avoid shitcoins because it will make you lose if you have never played with shitcoins
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all cryptos have the opportunity to be valuable in the future like bitcoin and eth in pioneering prices, the seriousness and cohesiveness of the team can make the main factor for one crypto to reach the future, it is not easy to reach the future. if crypto is based on fomo then I'm not sure it will be in the future
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doge is useful for one group and there are some people who have 40% from doge supply and some have 50% in their wallet, so this can be the main reason for elon to tweet that doge can fly to the moon with him, it is undeniable when elon sings about doge , the price of doge is almost reached 1$, it gives profit for doge holder
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today is the time to buy altcoins where there are quite deep price drops such as xrp, xlm, and many more, and you can also try to doge ,maybe elon will chirping again and make doge really 1$,
but not the best advice from me, all investment decisions go back to the decisions of each party
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really inspires me friend, I personally sometimes still consider investing in bitcoin using personal money, by watching you buy bitcoin gradually you can collect 0.009 btc, it's like I'm shopping for something that has just been eaten or damaged, it's better to invest in bitcoin what else is currently being done below bitcoin price
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Bitcoin in recent months is indeed facing a lot of criticism and severe treatment by world powers where they have to treat the world's financial system, and bitcoin is a decentralized system and trusted peer to peer transactions. even though the price of Bitcoin is currently falling and people are more attracted to altcoins, Bitcoin is still the most popular crypto asset and has a large market cap.
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because the stock of bitcoin is limited, and turnover must exist because of demand, bitcoin will not stop spinning, which is higher if there is a lot of demand, here the role of the whale is to determine the price at which they will release their bitcoin, so it's natural for them to hoard their bitcoin to get profit
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when the price is low you hold BTC and at that moment you need money, one thing that makes sense if you hold your BTC, but if the high price like yesterday reaches 50k $ and you don't sell it when you need one thing that's ridiculous especially if you have earned profit, you should write down what price you buy bitcoin and when you need money so there is no miss communication with what you want
but everything goes back to the original choice, which is the right of each when you will release your BTC
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Hey fellows, hurry up and invest most of your money on Litecoin (LTC) and Monero (XMR). I heard from a very reliable grapevine that ending this week and coming weeks, Litecoin and Monero are going to have a very strong bullish trend.
The last time I ignored the knowledge from the same source, I was pulling my hairs from my head because what the source said was accurate to a T and I ignored it.
I have already invested 35% of my total capital in each LTC & XMR.
I know most of you have been having hard time like the rest of the world. So here is a chance to fatten your cryptos.
Good luck!
Viketo Sumi
Armani123
to invest LTC and XMR I think it's good too, but it takes a lot of patience to achieve maximum profit, for now I'm not interested in adding my LTC coins because I haven't gotten the profit from last year |
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shit coin can't be for the long term, they just rely on fomo I think, for old players they will understand if they are going to take a position to take shitcoin, they will definitely hit n run, and will never come back when they get a profit
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there is no guarantee that it is safe to invest in crypto, but there is an early stage that I often see in auditing a project
1. I visited wen and looked for the community from tele to we chat maybe because with these 2 it can be seen the seriousness of the dev in making the project
2. see what their wallet is and how many hoders of their tokens are there
3. looking for CEO and team background,
4. rodamap
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I still believe in the bank to save my shopping money and my daily needs, but when investing I am more inclined to bitcoin even though the price is uncertain I am more comfortable saving my savings in bitcoin. because my main reason is the interest rate in the bank is small and there are too many admin fees
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I am really curious to know what is the average bitcoin buying price or the average price you bought BTC at in your portfolio currently?
Also, If you can comment that would be great. I want to see if there is any relation between Forum Rank and Bitcoin Average Price buying.
I initially bought bitcoin when it was still at 10k$, and I sold my assets at 40k$ yesterday, to make my new parfolio come in at 30k$ I didn't expect it to go down again like it is today |
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I don't think "elon" will make his own coins, what's more, Elon is a rich person who owns bitcoin, maybe it's enough that he randomizes market prices, with a few tweets and there are also several reasons such as the cryptocurrency community has marked Elon as a manipulator market
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what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?
at this time I will not buy any coins, by looking at the very very bad market condition, maybe if it falls deeper I will just start buying if at this time it is better for me to hold the existing one |
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for the beginning crypto may experience a very large decrease in purchasing power, but over time all crypto assets will definitely rise again, just like the current negative news always makes the price of bitcoin go down by a few percent but bitcoin continues to be a conversation and rises again,
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