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It is very risky because you do not know when does your coin loosen its value. And in some cases, some of the trading website are scammers to avoid this you must be careful off choosing and know the trading site before depositing money on it.
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for me it is better if you do both but when it comes to pick only one i better choose trading due to anytime you can do trading as long as you have coins to trade because working on signature sometimes you dont have signature to work on so i see trading is good specially when price of bitcoin pumping and dumping better time to trade .
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It is good thinking. Every business should start from a small investment because if you fail you will lose small amount but if you invest a huge amount of money in business and you did not succeed you will lose your all investment. If you want to start trading, you must get all the required information, skills and techniques about trading and also start with small capital, I am sure that you will succeed.
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Go for trading. There are more gains there. Definitely. But mind you that crypto trading is not as easy as others might think. It is going to be a serious studying of charts and then of setting targets, specific target prices or percentages. If you are not that confident with your analysis or if you do not have a reliable source, holding is much better. Or you just apply the buy low sell high principle.
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i cant manage my time since i'm in crypto, al the time tinking on swing trades, checking blockfolio 1000 times per day, coinmarketcap is my home, i woke up during the night to check unexpected drops an so on, so no management of time, but man this is the best thing i ever done, it make me feel so excited!
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Yes trading is unpredictable job, i been 3 years learn about trading strategy in forex trading but i can not reach consistent profit. But in my opinion cryptocurrency trading is more easy to gain profit than forex trading. Since i move from forex trading to crypto trading i made some profit. Continue to learn from mistake before is good to become pro trader, also always keep emotion and dont be greedy.
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Trading is always profitable. The question is only how much you have to invest and I don't mean only funds and how much you will get back.
It's not so easy to make profit with trading like it seems and it takes time and experience.
It's also important which coin you choose and how well you know the market. The choice is not easy and you have to pick very carefuly, losing money is easy.
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For me it depends on the enthusiasm of all its bitcoin users, but if seen so far bitcoin users continue to grow and more and more people are interested in bitcoin around the world. So I'm sure bitcoin has a good future, and will be more and more the latest innovations that will implement the blockchain system.
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There are many altcoins in the market that has possible good potential . Read more and try to understand the history and value of each coin so you will know where and when to invest your money.. Just choose well.
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Looking upon the rising price of btc one must think to sell it and on the other one must think to buy as the price is rising continuously.So if u feel comfortable to sell and need money you may sell if its not so important you may retain it or if possible may buy from the saved money as the price will continue to rise in future days which will give you high return.
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I deal with loss by just sleeping, it sounds lazy but that is what I always do when I get some losses from my trade or investment. I just sleep after seeing a loss and after a wake up then my mind is refresh and all set to the default mindset and that is how I deal with every losses and it is effective to get my mindset back to default.
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That’s nice if you don’t panic when the prices are going down and that too in the case of bitcoin. I don’t know why people get panicked and start selling off a precious coin like bitcoin at low prices, maybe they really come under pressure by the negative speculations regarding bitcoin made by bitcoin rivals and market competitors. We should keep in mind that we can only be successful with bitcoin if kept it for long time.
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I think predicting a coin is not an easy tasks because every coin has it development plan and sometimes, a beginner may predict base on the popularity of the coin. Note, there are two prices that are critical for any investor to know: the current price of the investment he or she owns, or plans to own, and its future selling price. Despite this, investors are constantly reviewing past pricing history and using it to influence their future investment decisions. In nutshell, predictions is a gradual learning experiences.
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When it comes to trading, you don't manage your emotion, you become emotionless in the period of time you are trading! Been emotionak when trading will accumulate loss for you.And paraventure you can help been emotional, get a trading tool like ALGORY.IO token. ALGORY.IO is a multifunctional trading tools for trading cryptocurrency!
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Both are good choices to start trading. I'm using both, depending on the situation and which one has more advantages. You can choose Bitcoin, it has a very good development history and also many people choose to trade. I think most traders today are using Bitcoin in their business. If you have less capital you can choose ETH, it's also growing quite strong. Many other altcoins are also based on the Ethereum platform. If possible, start with both, I think it will give you more experience. This is just my opinion
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Since you are a newbie on trading, i would suggest for you to learn some basic concept about it. Research for some strategy on how to effectively trade (newbies are more emotional since they are inexperience of it). Buy low, sell high maybe? Or you might want to use cost averaging method? You might bump with this questions when you are onto studying basic trading/investing.
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When i was new in trading and my knowledge about it is just a little. I trade some bitcoins back then. I bought a lot of it because i saw bitcoin was pumping so hard that time. After a week my investment goes down and as a result i panic then sold all my investment at low price to cut some loses. After a day the price went up then i was shocked and disappointed because i should had hold it and not sell it. And now i do not panic so i will not sell it and i will not be disappointed in trading.
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