#Proof of authentication Telegram Campaign Telegram Username: @ronlucky
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Exchange is very important platform for cryptocurrency trading and investing. I am of an opinion that there will never be enough exchange to cater for different market segments. Exchange is needed as more people get into cryptocurrency for quick transaction and easy entry!
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At this time in cryptocurrency market, Good newz of likelyhood of another ETF approval is bringing new excitement and we could see that price of bitcoin is respond appropriately to this. The support has been $6k this year, bitcoin price is not likely to break it!
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Practically all the exchange are asking for kyc/aml. If you are not comfortable with KYC on exchange, simply use decentralized exchange. Some centralized exchange like Kucoin allow you to trade and withdraw any amount of it's platform.
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I have equally been burnt try to move in and out into fiat from bitcoin. I think at this point for me, I have decided to hold for as long as it takes to have optimal price that bitcoin can get to!
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This plunge was the first dip that Bitcoin had after all time high of $20k. However bitcoin has been relatively stable since March at the price of $6000 oscillating between $8000 and $6000. I think Bitcoin will still surge later but it may trade at this range for a while!
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The market of cryptocurrency is yet to jump back and I am not sure if this market bearish situation is the most singular biggest crash since 2013. I think the cryptocurrency market is correcting from the rise of 2017 marker. Things should get back in time as all the negative vibes disappear!
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The unrealistic expectations of many newbies in cryptocurrency is apalling, many think cryptocurrency is some sort of money spinning investment where you put a certain mount and expect a certain percentage increase at a particular days! Cryptocurrency investing is long term investment!
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Bitcoin is the long term holding crypto. Bitcoin performs better on the long run! The best time to invest in Bitcoin is during bear market as we have presently in crypto market. Bitcoin is a good investment in cryptocurrency and it's yield better in the long term!
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I will recommend that you trade as often as possible so you could practise and improve on your trade. Trading cryptocurrency is totally different from traditional trading of stocks and shares. The more you practise trading, the better you are at it.
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Bitcoin is fully decentralized and most exchange are open without restrictions. You can trade any amount of bitcoin and you should not have problem wither in withdraw from your account whenever you want to do so.
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If I were you, I will not wait before new year before I start to invest in Bitcoin and Litecoin respectively. The downtrend in the market of cryptocurrency have created a unique opportunity to buy low on many quality coin in the market. You can use coinbase to purchase Bitcoin!
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Diversification has been something I always love to do with my funds no matter how optimistic and bullish I am about bitcoin or any other cryptocurrency, I try to diversify. Panic usually set in when you are all in and there is a danger of losing it all!
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If you believe luck has to be responsible for your woes in cryptocurrency, I will say it is not the same for millions of people trading and investing in cryptocurrency. I think luck has little to do with the level of success you enjoy in cryptocurrency, skill and proper understanding of cryptocurrency and good planning does!
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Altcoin is definitely volatile more compare to Bitcoin. I am always very cautious in I have to use my bitcoin to invest in Altcoin. Bitcoin itself is an investment and I can easily predict Bitcoin market behaviour based on the chart and graphs plus history that bitcoin has. But for the Altcoin, many factors come to play ams it may be difficult to predict!
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If you are referring to bot trading, then I must say bot trading could be the singular wining trade you could have in bear market. You must however know how to use the bot especially if you are not the creator. Bot trading works both ways, it make you profit and make you losses as well!
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I think it might be good timing for shorting Ethereum, the low price keep getting low for ethereum and the support is forming and ethereum may bounce from the current price. I am looking forward to 100% increase on ether. The market has overreacted, ether will rise!
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Stop loss have always been in various exchange I have used for many years. Except for decentralized exchange, the top tier exchange of cryptocurrency have stop-loss tool to help and protect traders in time of market dump!
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The reason you are calm and not perturb is because you have long term approach to trading and investing. That is why it is important not to be in a hurry for profit alone, but we must see down the line and invest in cryptocurrency market that we believe in!
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I will advice that before you commence trading you should have a target in mind by target I mean how much you want to make from your trading activities. Remember you can not hit a target you can see. It is also important that you let trade develop, trade your way up gradually, do not enter into any trade with all your feet!
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