Unfortunately, the reality is this. Each of us faces the choice of selling their coins or not. Many (not even beginners) decided to sell, but some, the most persistent and patient wait. I'm just like you're just holding my bitcoins.
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It is important to understand that trading is a job, a profession. First of all, it is necessary to undergo training. Secondly, to form skills - that is, actions brought to automatism by repeated repetitions. And this, as a rule, months.
Before you start trading, you need to ease your desire to get quick money. Here you need a long time to understand the technical analysis.
You need to practice at least a month or two before commencing a full-fledged trade. The exchange itself doesn't produce money, it redistributes them. From inexperienced to experienced, from hotheads to cold exposure.
The main advantage of trading is high profitability. The main disadvantage is high risks. This is a job for professionals with strong nerves (it is work, not a way to invest their capital).
So if you are not a professional, then just wait until the price of your coins grows. Or do everything to become a professional.
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Pump and dump is not something new in the financial market. This scheme was very popular in the last century on Wall Street, from there it actually came. But today traditional exchanges are under constant supervision of regulatory bodies, but an unregulated crypto market is the real "elision" for such schemes.
Pump (pump, pumping) - purchase of crypto currency by manipulators for the purpose of artificial growth of demand and price.
Dump (dump, dumping) - the rapid sale of purchased crypto currencies after the artificial increase in their prices. The dump scheme will always follow the pump. This is the earnings of manipulators at the expense of novice traders who buy a crypto currency at an artificially high price.
The scheme occurs in 4 stages: preparation, a sharp rise in the price of the crypto currency, take away of money by manipulators from novice traders, a new wave.
Pump is never carried out by one person. This is a more thoroughly planned and prepared scenario by a group of certain people, to which a large number of traders voluntarily and involuntarily join.
With Bitcoin and Ethereum pump is very difficult to do, so in most cases this scheme is used on cheap altcoins.
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Usually I use several indicators of technical analysis. I use them depending on the coin and the situation. Most often these are Bollinger bands, Stochastic rsi, Ichimoku cloud. I also analyze the price of the technical analysis figures. Sometimes I also use the candlestick analysis. But all these indicators should be used wisely. Never forget that in the world of crypto currencies, news plays a very important role, so your plan is using indicators and news simultaneously.
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I check the price on bitcoin 1 time per day. I do this in order to stay informed about the situation. The price of bitcoin doesn't bother me much. Personally, I can't influence the price in any way, so I consider it unreasonable to harass myself with constant price reviews and nerves. Once a day is enough to fill my head with reflections about what the market is waiting for in front and how to proceed.
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I often participate in ICO's. Therefore, I will speak on my personal beliefs. Recently, I have refrained from participating in ICO's, because it is not profitable now. This market situation negatively affects even good projects, so I have such a position. Of course the last few days there has been a positive dynamics, this is a good sign. So, if everything goes on in the same way, I will again review my position and take part in ICO's with pleasure.
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I believe that the price of bitcoin will grow. I don't know exactly when it will be and I don't know what events are waiting for us along the way. Of course, I like all investors, would like, that the price of bitcoin would increase. But I'm just a realist, I perfectly understand that the price can continue to fall or be in the flat for another year. The main thing is that I'm ready to wait, because I believe in the future of bitcoin and crypto currency in the whole.
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To be or not to be, here it is an eternal question. I think everyone will just write their point of view and opinions will be divided. In today's situation, none of the ordinary people don't know what are waiting for us. Now everyone can only guess. Personally, I think that in the future we are expecting an increase in the price of the ether. But there are also opposite opinions. There are rumors that the price of the ether will fall to a two digit figure. Only you choose in what you belive.
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Of course, work on decentralized exchanges has a number of features. There are certain difficulties that one has to face. But on centralized exchanges, too, not everything is as smooth. When working on them, too, there are certain moments. So if the coins that interest me are traded on centralized exchanges, then I'm bidding exactly there. But there are also a coins that are traded only on decentralized exchanges, so I endure all the inconvenience. Also, there are situations when at some point to conduct an operation through a decentralized exchange it turns out to be very profitable, then, of course, I risk and spend the purchase or sale there.
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Of course in the future it will be so. Of course, now we don't know when exactly the price of bitcoin will begin its growth. Perhaps in the future we will see even lower price marks. I think that now is a good time to buy bitcoin
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I also think that one should not allow FOMO to influence decision-making. FOMO is a syndrome that needs to be fought. After all, in most cases it is FOMO that negatively affects our decisions, which leads of unprofitable transactions.
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In order to earn on a crypto market you need knowledge. Of course, the easiest way to buy coins for HOLD. Because coins from the top 10 are good projects and most likely they will give a good profit in 1-2 years. So you can just buy any of them (and better bitcoin and ether) and this is guaranteed to bring profit. With trade everything is completely different. It is not enough to trade in specific currencies, as this doesn't guarantee a profit. It is necessary to have knowledge, which will bring you profit. Of course, most market participants don't want to waste their time and energy on training. But this is their own business. Who really wants to earn, he learns how to do it.
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I think that a small price rise awaits us rather soon. In general, as always, in December we can observe pamp bitcoin. But don't count on the pamp that were in December 2017.
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Most likely there is talk about the fact that the bear market of people absorbed by fear. Fear prevents people from thinking sensibly. And this leads to the adoption of wrong decisions. Also, many market participants are uneducated and inexperienced, they do not know how to behave now. Many of them probably assume that the market has come to an end, so they are in a hurry to sell all their coins to take at least some money.
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In order to start you need to equip yourself with knowledge.
When you have enough knowledge, you can start trading (rather, practice on small amounts).
Transactions you can do with an amount that is minimum acceptable on the exchange. On different exchanges, different minimum allowable amounts. So just choose the exchange on which you will trade and find out what is the minimum amount for the deal. Don't forget to take into account, the fact that in order to transfer your fiat into any electronic currency, you will need to pay various commissions.
All the necessary information can be found through Google or in Youtube. Start with the technical analysis.
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First of all, I was interested in the idea of making a lot of money. Only this was my main goal. Of course now I also strive for this, but apart from quick earnings, I realized something else. I realized that crypto currency is the future. Now some people (including me) are trying to accumulate as much as possible bitcoin and other promising crypto currency. So, my goal of investing in crypto currencies is to earn money, then what motivates me to do this? is a belief in crypto currencies.
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Fear of missing out - FoMO. Obsessive fear of missing an interesting event or a good opportunity. FoMO is also often called a sense of regret. It is the fear of losing the profit most often and leads us on the exchange to the fact that we really lose this benefit in reality! To combat FoMO, I use the following steps: - a clear plan drawn up before I start buying or selling anything. I calculate the point of purchase and the point of sale. - After issuing an order, I just start doing something else. I calculate and open the next deal or just leave the laptop and do other important things. If after the sale, the price continues to grow, then I try not to regret. After all, I made a calculation and it turned out to be correct, I earned money, so why should I regret it? This will be a waste of the most important resources: time and moral strength.
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It depends on the skill level of the trader. Of course, for a strategy hold you needs to have the necessary amount of knowledge and skills, but in general it is much easier to choose coins for this. You can buy a few coins from the top 10. You need a lot more knowledge and skills to trade daily than for a hold. In any case, knowledge and skills will never be superfluous, so I recommend that you study all the necessary information and gain experience. When you have enough skill, you will be able to buy coins for hold and trade daily. Hold is not a hindrance to daily trading.
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It is thanks to these people, who without knowledge and understanding begin to trade, other traders have the opportunity to earn. Thanks to these people, the market is so volatile. Thanks to these people there are dump, for a profitable purchase, and pamp, for a bargain. So these people I say for you THANKS!
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It all depends on the specific situation. There is a time and coins on which you can earn only 5%, and there is time and coins on which you can earn 70%. Therefore, there are no universal calculations. The basic rule that I follow is to buy cheaper to sell more expensive. Crypto currency I sell the way it is most profitable. For example, sometimes bitcoin is profitable to sell to USD, and sometimes to USDT. There are also situations when it is more profitable to sell bitcoin to altcoins, and later sell altcoins for bitcoin and get excellent profits at the same time.
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