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Most coins are springing forth these days and investing on an ICO stage as an investor, would have been the very best move to make a fortune on investments, but the situation seem different, because most ICOs do not have the potential to succeed and are as well over hyped, which posed as a risk on investing in them.
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There seem to be a thin line between being a successful trader and a gambler. You are said to be a gambler, when you do not adhere to certain principles about trading and do things for the very wrong reasons. In addition to what makes you a successful trader, is having a working strategy.
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The market has a range at 6k - 7k, which i believe is the support because when the market was going down, it actually did not go below 6k. With this, i think it's the right time to take a buy position, since the market is now green.
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Bitcoin, i believe has come to limelight and despite the current state of the bitcoin market and the appearance of other altcoins, it still won't get the value of bitcoin to a zero level. It's value can only reduce but not to a zero level.
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Positivity should be the keyword as far as bitcoin and cryptocurrency is concern. Bitcoin should always be seen in a positive light, because of its significance, it should be seen as a means to an end.
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As We all know, the crypto market has been on a downward trend since the second week of january.
Bitcoin market is still below the $10k mark which it was at the 1st week of February .
What do you guys think would be the price of BTC by December
Do you think bitcoin has the capability to hit the $30,000 mark before the end of 2018 or go below $6000?
I really want to believe that before the end of 2018, bitcoin would rise above $10k range and even go higher. 2017 had a good record, which i believe should serve as a stepping stone for 2018 to be remarkable as well. |
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There are certain knowledge one need to acquire before going into trading. But the once that i think are important are; having a general knowledge of the market - on how it works; risk management and dealing with emotions while trading.
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The recent situation of the market, has actually given people different insights and opinions of the crypto market. It is on this note, that most people think the end of crypto is at hand. But i believe this is just the beginning for crypto.
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#Signature Campaign Task Done
Member Rank: Full Member
Starting date: 1st April 2018
Task done date: 7th April 2018
Week: 3
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The crypto market seem to be in dismay and seeing it as the day passes with no positive result or hope of it taking a positive turn, brings worries to the minds of individuals who has one form of investment or another. It is in optimism that people hope for the recovery of the market.
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I really do not see bitcoin as a form of gambling but rather a practice that involves risk. But when the risk taken is a calculated one, through proper analysis before going into an investment, it is therefore, said to be a minimal risk.
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It is said that nobody knows what the future holds. But with the recent trend of the market and the pace at which the bitcoin value is moving, it can be said that the value may not reach $50,000 by the end of 2018. But hay!, you can never tell, cos anything could happen.
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Btc right now, is in its downward trend. The state of the market is at equilibrium, which would either break upwards or go further downward. Entering the market now may be a good option, but can't say if it would be the best option.
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Bitcoin is a new initiative that serves as an alternative means of currency, for transaction purposes. The digital currency is currently having a regulatory challenge, which i believe would be resolved in the future. It is with this reason i see bitcoin as a long term investment.
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It has been seen for some time now, that the price of bitcoin has refused to take an uptrend, but rather the price seem to be revolving around 6k - 7k range, which i believe is a strong support because it has been on that range for some time now. In my own opinion, i think the price drop, is an opportunity to buy.
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