Bitter words but the absolute truth. We should live in the real world rather than in the world of dreams and expecting a miracle. Wise is the one who decides at the right time without greed. So we should adapt ourselves and accept the reality according to the market conditions. Long term is good only when the market is bullish otherwise holding for long is not a good option in my opinion.
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The first thing you should do is to open a trading Ac on such exchanges where trading volume is always good for day trading. There are many coins that move both sides daily you should focus on such coins to make a profit. Decide yourself after study some 5-10 pairs for trading that fits good with your trading strategy.
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As usual cryptos market is highly volatile and a recent drop was the part of volatility in my opinion. In the present bearish market my advice for crypto investors to primarily focus on investing in bitcoin. The Market is still in bearish mode and we don't know how long it will remain bearish. My investment portfolio is shrinking day by day due to the bearish market. Honestly speaking return on my investment is not satisfactory but I am still positive on my investment in cryptos.
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This is like a dream come true, but if there is a way of doing so, I would definitely sell my coins in one shot. I won't repeat the same mistake again by holding for the long-term. We all know our patience has been tested to an extreme level by the bearish market.
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We all have huge expectations from the market but the market is tumbling down again and again. There is no stopping of this bearish trend. Our portfolio value is reducing month by month since the beginning of the year 2018. We can not say surely how the market will move in the year 2020. If the market continues to drop then converting our coins in stable coins would be the best idea to avoid further loss and later convert back to the coins when the market will start reviving.
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This year in April 2019 I bought EDC coin at 80 satoshi value from Yobit exchange and 2 days back EDC hits 500 satoshi value and I am happy that I am able to sell my EDC coins at 400 Satoshi finally in the year 2019 otherwise since 2018 none of my held coins gives me such huge profit in short time.
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No doubt coinbase is good to store the coins but I believe in Trezor wallet to store the coins. From the day I took the Trezor Wallet, I never worried about the safety of the coins that I stored in my Trezor wallet. Trezor also supports many coins.
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Its very easy to say just hodl for long-term but in my opinion the bitter reality is holders are in huge loss on the contrary short term holders are in more profit even high potential coins are also dropped hard so I feel if you have more patience its better to continue to hold rather than selling in huge loss in the current bearish market.
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We all know BNB is doing great but it is not necessary that exchanges own currency will always be successful. Apart from this if exchanges own coin has a big community to support there would be chances of success of coin otherwise a coin can not sustain on a single exchange for the long term in my opinion even I got some exchanges coin through bounties but all are worth just pennies.
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We can benefit from the bearish market, this is a good opportunity for those who want to invest money in altcoins as we all know most of the altcoins have dropped hard. Apart from this I also feel If we focus on new potential coins that can also bring us a good profit.
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Most of us have many coins in their portfolios even we don't know when our one of the coins will rise unexpectedly so its all about how much patience you have. There is no use in selling in panic. I always believe if you are holding good coins one must wait for a good price & should not sell in panic. I learn this market is all about patience to get good fruit in the end.
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The dominance of bitcoin is quite high in the market on the other hand altcoins at their bottom price. Expectations are high from altcoins like Btc but most of the altcoins are struggling. No doubt bitcoin is the top priority for the investors. Hopefully, we can expect the best from altcoins as well in the coming time.
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We can not say that the bounty manager is bad. It's a common thing that might be bounty manager forget to add this rule & for me if the bounty is running successfully it does not matter whether red trust account holder doing signature campaign. If further bounty manager adds this rule automatically all red trust signature campaigners will be out from the campaign.
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As a trader I made some money but basically I am a bounty huner. As a bounter hunter I made good money in the late 2017 apart from this I learned trading but as a holder I am in huge loss due to my greed for more and more profit. Anyways bitter lesson learned. But at present its a good time to invest in altcoin as most of the altcoins are at their bottom price.
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This year I got some coins from the old bounties done in the year 2018. This year so far not good for me as a bounty hunter. I got some bounties coins this year but still not listed So I could earn just some pennies from the bounties as we all know the overall market conditions are not good. I hardly found good bounties this year most of the bounties I participated turned scam or failed.
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Yes, you do the right things. Obviously holding good project coins can give us a good profit but we can not depend only on one project. Because of the bad market for such a long time, I have learned that money should be invested in good projects so that we will not repent.
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If I were you I don't plan to sell all in one shot. I will sell in some parts and we have to trust the exchanges where we will sell our coins. All 3 exchanges you mentioned are good exchanges but personally I will give more priority to binance for the huge amount of transactions. I have more trust in binance.
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In the current market scenario, new projects are hardly achieving their targets. I feel the reason behind this is a lack of confidence in the investors' mind & many investors lost their money in many scammed or failed projects. Now investors are more interested in investing in listed coins rather than in ICOs or IEOs.
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It depends on a project to project and we know in the current bearish market investors are not much interested in ICOs that's why bounties campaigns are extending for more time. I have also promoted extended campaign projects but my experience is not good so far and the result was not as expected.
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My opinion has been changed now earlier I thought long-term holding is the best idea but in the last 1 & half year I learned day trading is a good way to make money on regular basis sometime loss will also there but one will not be repent that its coins lost its value by holding it for long-term so its better to do day trading.
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