Start trading crypto currency is quite a difficult step. But it is necessary if you want to succeed. First, study the literature on the cryptocurrencies market, then on the technical analysis. Try to use technical and fundamental analysis in the aggregate. And start trading with not big sums and most importantly trade only for your money. Do not take credit or borrow.
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Now is very good time to invest in bitcoin. I think we will have this opportunity till the middle of summer. Then the price will growth hard. Whole market will rise with bitcoin. Keep on eye it during this correction and don't miss your chance.
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Actually trading without any loses is impossible. Because good trading system has own rules concerning risk management, money management, stop loses and other. It is normal if you have loses till 20 percent of your portfolio. Main thing is to make trading system which provide you with profit more than your loses.
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No doubt that bitcoin will reach $ 50K. Main question is when will it happen? I think that it will not happen in this year, may be next year or even next 2 years. Because now cryptomarket needs money of institutional investors and their faith in it. Also recognizing it as a payment tool by governments will affect to the price very well.
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I formed my portfolio, where the bulk belongs to bitcoin (about 40%). But I also invested up to 25% of my money in the Ethereum. And the rest of the money I distributed proportionally between the 4 altcoins.
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No doubt that bitcoin will reach $ 50K. Main question is when will it happen? I think that it will not happen in this year, may be next year or even next 2 years. Because now cryptomarket needs money of institutional investors and their faith in it.
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Of course nothing is eternal. But Bitcoin is rentable and high liquid asset. Personally I believe that bitcoin price will rise next 3 years and it will update records of maximum. Time will show who is fool.
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May be before make such threads it is better to use "search"? There are many threads with the same theme. No, Bitcoin doesn't die. Now it was just simple correction. It is natural. It is ended. And we will see great upward trend. Just give it a little bit more time.
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Why will government ban bitcoin? If among this decision government can regulate this new sphere and can earn big profit. I think in the future (next 3 years) some governments will accept it as payment tool and also will participate in trading to make money as a marketmaker.
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Trading with bitcoin is not more difficult than trading with altcoins. In trading with bitcoin, technical analysis works very well. With altcoins the situation is more complicated, since they are additionally influenced by bitcoin.
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In the pst Bittrex was better. But now I prefer to use Binance. It has more liquidity and often list new cryptocurrencies. Bittrex always delist somebody and its liquidity is decreasing.
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Start trading with cryptocurrencies you should know that it is too risky. That's why don't think about selling your home and investing all your money into cryptocurrencies. Never invest borrowed funds. Also learn about cryptocurrencies every day and hour!
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I think that whole market goes sideways. In my opinion we will see real recovery and upstairs trend only in the second half of this year. Now we can just earn small speculating profit.
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Proof of Authentication
Campaign: Signature Campaign Bitcointalk username: spartanrules
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Bitcoin too powerful to die now. This is just simple correction and it is natural. Any upward trend has correction, which goes against it. Just wait, bitcoin will recover and update historical maximum.
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Definitely yes, now it is time to buy Bitcoins. But also from the point of view of technical analysis, we can still see 5K $. Such a development event is still possible, until the price goes above the level of the resistance of the downtrend in the region of 10.5K $.
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In any case, to earn Bitcoins will have to seriously work. For example you can earn bitcoin through participating in bounty campaigns. Then you can trading, participate in ICOs, or just buy equipment and start mining coins. Or hold them and sell in the future with nice profit. It is up to you what to choose.
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First of all Bitcoin is a main cryptocurrency which effect on whole market, secondly it has high liquidity and rentability. Thirdly, bitcoin is one of the few cryptocurrencies that will definitely exist in 10 years and can guarantee a stable growth in its value.
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Cryptocurrency No. 1, which has turnover of more than $ 10 billion a day, and huge demand among the cryptocurrency community will naturally be the most volatile. After all, this volatility makes it possible for traders to make money.
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In my opinion even this growth of Bitcoin can't guarantee the beginning recovery. I will wait and buy only under 5K$ or above downtrend resistance on 9K$.
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