I used this exchange to trade gem coin that has low market cap like Newton Coin and ABS , and so far deposit and withdrawal is running ok. But before make deposit in bigger amount, firstly i test first to make deposit and withdrawal by small amount and if all that running fine, and then i will continue to make deposit by bigger amount. I always do that in all exchange that first times i used.
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I affraid to make invest in crypto because too high volatility, and i dont have knowledge how to manage that risk. I been loss alot of money in crypto, and im not ready yet to take other risk with buy more coin. But my losses is my best experience in crypto, and from this experience i can make management of risk better.
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Not always profitable, because coin that just listed in the market there are dont have any chart and history of price action, so we dont know which price is become support and resistance. Buy new listed coin i think wil be more risk but also promising higher reward, but if you understanding about purpose of the project and the team member consist of solid team, you will have bigger chance to make profit from that coin.
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Beside demo account of HitBTC , you can also use demo account in MT4 platform, now many broker offer pair crypto in their platform. Some of that broker is FXopen, Weltrade and Simple Fx, by use this platform you can learn how to trade crypto and possible to make profit from long and short potition.
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In this situation of market look like many trading strategy is does not work, so my strategy now just hold all my crypto until in the end of this year, i believe will be any times for crypto will boom like last year. Because currently crypto has small market and has potential to be bigger.
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I little bit scary about this dumped but i believe future of cryptocurrency and blockchain technology will be explode in the future, so now i change my strategies just to hold all my crypto for long term investment in minimum 1 years. Crypto will boom when regulation come in to it and the market cap will be possible going to a trillion dollar.
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In my opinion this bad news just make impact for while in crypto market, like news of China ban crypto trading and exchange, i personal still bullish for crypto and the price will possible to going up again. Because crypto and the blockchain technology is very usefull for this world.
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No body can predict the market in accurate, but by look in to price of BTC that going down already 1/3 from highest price in januari and some altcoin also hard dumped up to 1/10 , and this mean the price of crypto on overbought already. This situation make all price of crypto is cheap and will be more buyer come in to market because they will thinking will be more easy to gain multiple profit because the price in the bottom already.
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Be greedy should be realistic and according to fundamental and technical analysis because many coin possible to going up 10 times just in amonth because the fundamental is strong, and if greedy without control will make loss in big money. Too Greedy is enemy of all investor and trader and many of them can not control it because this human nature. But by long times experience in crypto market we can manage it better.
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Actually that true 90% of forex trader been loss, and i think many trader more easy to gain profit from crypto market, because we have posibility to earn profit just by hold some potential crypto in a few month or years. I can say investor or trader that jump in to crypto market since 2015 now become milyuner just by holding some crypto. Look at price of BTC, LTC, ETH, DASH since 2015 until the beginning of 2018 been growing exponential.
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My favorite coin still BTC and ETH, because both coin continue in development and to be much better. BTC and ETH will solve scalability issue in crypto community by use lighting network (BTC) and with plasma and sharding ( ETH) , by use this technology both coin possible to process amillion transaction persecond. Other my favourite coin is NANO and DAPS.
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I still bullish for BTC and others altcoin, and in my opinion the price of BTC now is the cheapest price and ready to go to higher. In technical analysis the price of BTC in the bottom and from fundamental analysis there are many good news related crypto. My prediction market cap of crypto will be going to $800 Bn again in this years.
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Binance is the best choice because has high daily trading volume, and they also offer account unverified by maximum withdrawal 2 BTC daily. And if you want to trade in low market cap coin, you have to use other exchange like Cryptopia that also offer unverified account by maximum daily withdraw 5000 NZD.
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To trailling profit you have to spend full times for that, and that is not easy. You can do it successfully not only by factor skill but also by factor lucky. I dont have any any idea about bot trading for crypto trading but i been use bot trading in forex, and the risk and the potential profit actually the same with manual trading.
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I only joined signature campaign that they been raised amount of money by surpass soft cap, by doing this the project will be possible to reach hard cap and successfully. I prefer to join signature campaign from ICO that running already to make faster to get reward.
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In cryptocurrency market there are trend of bullish, side away and also bearish and now times for bearish, but this is will end soon because bearish trend should be change to bullish. And if you quit from market now, i think you will loss because you miss bullish trend that will coming. Patient is key of success in crypto market.
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Scalping and day trading is more difficult to do than holding, and to do it not only need enough skill but also much times. And holding is more easy to do but you have to know that coin has massive potential to continue growth in the long term. We have to do both, trading and holding to make better profit and chooce right coin for that.
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This is can be happen, because in the daily chart ETH look still down trend. But i prefer to use fundamental analysis to predict the price , according to fundamental analysis the price of ETH will reversal and going up because of good news that ETH is not a security that announces by SEC.
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When doing crypto trade we can not guarantee all open potition will profit, and the prediction can be wrong, so in my opinion use stopp loss in every trade is very important to avoid bigger loss. And by use stop loss, we can make other open potition in better price. And when we are in profit also important to use trailling stop to locked the profit.
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Yes crypto trading is not easy, so very important to have skill and knowledge how to manage the risk. Before use real money in trading for the better learn it in demo account. But though crypto trading is high risk investment, but i think everybody should be try to learn it because crypto market offer huge return that can change our life and possible to get financial freedom from it.
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