Around me, I know a lot of bitcoin buyers at $ 10k, $ 15k, even someone who bought bitcoin at $ 19k. They believe the bitcoin will reach $ 50k in 2018. And now the market is falling continuously. causing them to lose a lot. It is understandable that they are always complaining, complaining about bitcoin
The reality turned out to be something different. The dreams of these people were crushed. They could not even guess that Bitcoin would fall so low. Therefore, it is natural that they are complaining about its price. |
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most cryptocurrencies will crash to zero only when the bitcoin price go below 5000 dollars so as of today there is no such risk
I do not think that in a case when Bitcoin falls below 5 thousand, most of the altcoins can crush and cost zero. I suppose that a real collapse should come to the market to give this effect. |
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You will get hundreds od advice here but you will know trading experience after getting involved into trades but as a newbie I suggest you if you start doing trades like buy and sell never sell and buy all coins in once try selling or buy in parts this will overcome with loss and profit.
This is probably the best advice. You will never trade wisely until you start trading. yes, you will make mistakes, and have some losses, but they will also teach you. |
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I don't recommend buying ICO in a bear market. The bear market's ICO success rate is very low, unless the project itself is very good, otherwise it is recommended that you still invest in mainstream coins.
Look at the situation from another point of view. ICOs sell their coins for a certain amount of Ethereum (BTC) and the price of the crypto never matters. It can be a good investment. |
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the coin that is always the best for long-term investment is bitcoin, because the price of bitcoin is always high if you have capital
Bitcoin, for sure. This is the cryptocurrency that is always controlling the market. If you have it, you can be always sure that sooner or later, but BTC will gain. |
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Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon.
It will control soon maybe as long as the people have a knowledge and ideas about it how it will it work for them Not sure if it can control the world economy because for that entire world has to accept the bitcoin which is not happening. So you can say a portion could be used for the payment in the world which if accepted in major countries would be possible else this would just a dream only for people. First of all, Bitcoin can not control the world's economy is right. But I do not think the Bitcoin technology can not do that. Blockchain has enough ability and power to change the world's economy someday. At least, I believe blockchain will be use by many countries and large companies on the world. It will become the new solution to against hacking attack and keep safe for any information, system want to secure. It cannot control the world economy. However, the whales that hold the majority of Bitcoins in their hands, can do it in a way. They can affect some events in the financial sphere. |
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Many factors can make the value of bitcoin increase, and in my opinion the most important thing is that more and more countries legalize bitcoin so that users feel guaranteed if many countries have legalized such as Japan.
Hackers' attacks, different evens on the exchanges, then whales' manipulations, the information that appears in mass media, whatnot...All this stuff affects Bitcoin value. |
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I like btc and think that it is the best coin ever. To my mind, it is the best coin ever and to my mind, it is worth to be held for the long-term. To my mind, this is the best way to trade
If you are going to hold Bitcoin and do not touch it why do you speak about trading? I can trade Bitcoin to buy altcoins if I feel it will bring me the better profit. I would pick Gladius token, IOTA, and Komodo. |
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The first thing in trading is what you have to trade. However, the type of token to buy now comes the next thing. This is where you can now be talking about the minimum to trade invest. The minimum to depends on you and the ICO you want to buy. Some ICO will say $50. But the main thing is that you know much about the token.
If a newbie wants to start dealing with the penny tokens, he can spend not more than 100 dollars first. When some experience comes, he can invest in the crypto more money. |
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"no pain, no gain" works in cryptocurrencies, without taking risk, it is hard to make money but i always say dont take a risk that can destroy your finance.
Good words. However, it is always possible to avoid risks if you follow these rules: - You never take credits or borrow the money; - You do not sell private property, vehicles or whatnot to invest in the crypto; - You spend not more than 30% of your income. |
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To my mind, this is the best way to trade-when you don't have many emotions as they may prevent from thinking logically. you should do your best to avoid any kind of emotions, especially those which are too strong
A very emotional person cannot be a trader. IMHO. You have to be a rationalist, the man who uses his logic, not emotions. You must be ready to bear the stresses from losses and be very patient always. |
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I think the best way is just to create portfolio from several big cryptocurrencies. But considering Ethereum's influence on the whole cryptocurrencies market, it is extremely important to have Ethereum in your portfolio. For example you can buy bitcoin and ethereum for a main part of your money and for the remainder of the money buy 2-3 kinds of altcoins like Litecoin. Definitely I more believe in the potential of Ethereum than Litecoin.
Ethereum will be the more profitable investment. First of all, it is supposed that the altcoin is going to gain a LOT very soon. Secondly, it can be used if you decide to invest in some ICOs. ETH is the best altcoin for now. |
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Crypto currency itself will not change the world but blockchain techonology can bring more stability and trust into our world,but nothing revolutionary will happen
Why not? Crypto have some unique features for currency. And blockchain has unique features, you are right. And revolutionary is idea about emission and trust not as currency or technology. I think crypto change world already. And further we will see aftermath in the different cases. Definitely! The cryptocurrency changes the world and the people's minds. I do believe that in several years most of us will use digital money as it is more convenient (especially when you stay online often). |
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I think the best CryptoCurrency that can be invested is always Bitcoin. Without bitcoin, others can not live.
Bitcoin rules the market. Therefore, it is really better to invest in the main cryptocurrency. However, active traders should better deal with altcoins. IOTA, TRON, Ethereum Classic, Gladius are very good. |
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I joined bitcoin a few years ago.
In the beginning I didn't think that bitcoin price will jump so much and that crypto will become so famous.
So, I was playing around but didn't think seriously about it.
Now, I'm very sorry that I didn't use good chance to collect more very cheap bitcoin when I had good opportunity.
I invested in other online projects, instead, and lost money there.
My fault, any way.
I bought Bitcoin just for fun several years ago, and then I simply forgot about it. When later I found out that I earned several thousand doing nothing, it was the best news. This profit has brought me to the crypto. |
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but its very hard to follow all these 10 rules, i broke some of these rules and lost so much in trading
Bro, everybody makes at least 3-4 of these 10 mistakes. Even a professional that has been dealing with the cryptocurrencies for a long time cannot avoid making them. However, we must thank the author of the post for this information. |
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Investing bitcoin is a good choice. Investing bitcoin is like a retirement investment wherein, you can gain profit if you sell it in the exact time. Some of us invest bitcoin serve a source of other income.
Right, because investment in bitcoin is very profitable for now if we sell it when the price is high. It’s risky to invest in bitcoin but from that risk we get a big profits at the right time. When I have some free money that I can use for the cryptocurrency, I invest it in Bitcoin. I am 100% sure that BTC is our future. This is the cryptocurrency, which rules the market. Altcoins always follow it. |
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For example, you have some altcoin (in my case it's Metaverse ETP) and you expect it to grow. But in a weak market, this altcoin behaves like bull and you have the opportunity now to sell it and buy an asset that looks weak in the market (for example Qash, Tierion, Nem, Odyssey or Republic Protocol) in order to get the greatest possible profit. Or leave a strong asset and wait for its further growth. What do you think about this?
Diversification is one of the main principles in operation your investments. In simple words it means like put your money into different assets. It makes your investments safer. You wouldn't lose all your money if something will happen. |
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If you plan to hold a coin for a long time, then you should keep your bitcoin, but if you want to make money in a short time, then it is best to buy a cottage currency!
It depends on many things. If you feel that you are active enough to trade (and have time to do it), it might be better to buy altcoins. Trading alts will bright you the profit faster than in the case when you hold Bitcoin. |
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I hope this year the price will grow at least 2 times. This year is not the most successful, but I think by the end of the year there will be good growth.
It is possible. However, you can never predict what will happen with the crypto. I am just holding Ethereum as I think that it will let me earn a lot when the bull run of the market will start. |
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