Your strategy is good, but a lot of traders don't have patience to wait they want to trade frequently. As they used to trading often, so if they don't trade for some time they feel unease. Anyway, you have to study the market and follow the chart regularly or you would miss the train of positive trend.
You dont have to trade everyday because you want to. Being a diligent trader is knowing when the buy and sell and what to buy and sell. I would stress on the "when" part of my statement more though. That means not everyday would be good for every trader. Thus missing out on a positive trend would mean you have lost that opportunity but you should not try to jump back into it. Let it go for now. These things can happen and being not greedy about the lost opportunity makes a person wise. Rather keep track of that coin and enter when it comes back down. Yes it is good to trade only if you see price is improving little normally but in case if you are new try to have patience. Before getting in trading gain knowledge as much as you can increase your knowledge, greed is surely curse and one should not be greedy, waiting is the best reward for the holders, price rise fall should be taken serious so you will gain good experience, |
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In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful
Greed is generally a terrible vice. It will never bring a person anything good. Therefore, from this feeling you need to try to get rid of. It’s better to go slowly and confidently towards your goal than to act impulsively and greedily. So I fully agree with your statement. Yeah if you want you can invest the small amount but you will have to wait longer for the growth, if you are aware of the market totally about price changes you can invest higher amount, but never be greedy to have quick profit, have patience and let your money grow for you according to the moved of market, take every step with care. |
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I've had these situations, too. In such cases, I had to sell the coin at a loss. Then I realized that it's really important to have an understanding of what you're doing. In another case, you will constantly incur losses.
if you don't have the patience to hold on for an unknown period time then the choice is a cutlose, but you have to accept the loss but if you want to be patient and you buy potential coins then holding it is a good idea Like he said, one needs to first understand the project we are investing into before making any attempt to invest, cutting losses is not a bad thing, we have some coins that many investors has mistakenly invested in based on the promises by these developers without researching on them, and when one have realized he or her mistakes on the project, then the best would be to cut losses by selling it off. We can only be comfortable and rely on coins that have proven themselves strong over the years. i.e bitcoin and ethereum, those ones, we all know their future and it we will have more patience in holding those to others. I think safest strategy is trade with old coin like what you said. But in other case, loss management strategy must owned by traders so they can do something beside only wait their coin price back again. Good idea it is not good to trust new projects because we know trading is all about knowledge if you have knowledge about the coin you should trade and you will never get stuck, but in case if you get in worst condition try to wait with patience; never sell and let things get better in your favor, so that you will be safe from lose. |
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Sometimes it is impossible for us which way we are going to make a profit because some coin we have to hold for short term and some coins we can hold for the long term. We have to follow their developments in order to hold or sell them when the price increase.
Yeah it is good to move with care in the market so if the price is rising it is good to sell but if you see the price is not very high it is good to keep holding as I have never seen anyone regrets holding, the more you hold the more you feel safe about falling market but when you realize your investment has become more than double or triple you can sell. |
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But the cryptocurrency market is not always moving because of the news, and that is why we need to be careful to make an analysis.
Truth has been spoken, there must be an ultimate need in you to check every news you are reading when it comes to such volatile and still - full of evil people - subject like cryptocurrencies. I always say that the key is knowledge, and cold head, keeping your emotions tight, and let your research do the job for you. Yes you are right good news and bad news will surely come but only our patience and our skills will help us to get out of any bad situation. In crypto currency most of people are whales, they spread bad news just to dimotivate new investors so they can get trapped by them and they can sell at low price to them. |
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the market falls so long that everyone who was afraid had already sold their assets and left. and those who remain are real crypto enthusiasts who believe in a bright future cryptocurrency!
Those who sold are the reason for market fall, I think if a person is not sure about the improvement of the price he should not get in, or if once they get in it is very important to keep holding with patience, future is certainly bright, I am sure very soon everything will be fine, I am not afraid because I know this fall is temporary soon it will be high, |
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so much account banned in this forum because of trading even it only one merit but it break the rules, thanks to the reporter and admin to keep this forum safe
Are you sure they are banned from trading merit? I guess that is not their punishment, they might have negative feedback by DT members if they found out that merit trading or even selling. Both the sender and the receiver will possible have tagged by DT members. I am happy now with my rank even I did not get even single merit, at least I know I'm not a merit beggar and also I am not shitposter. As long as we can help here and doing abusement is not necessary. Well, I'm not sure either if there is really some kind of punishment for merit abuser. I know that moderators are trying hard but they can't manage to control everything. And when you see some members and the merit they have and compare that with posting it's quite obvious that merit didn't come from that. People always find the way how to abuse good ideas, that is sad. I have seen the warning but still I know there are so many people who just try to gain money they heir innocent and talented people to get their high quality posting and pay them small amount, but this is not good everyone should get what they deserve and try to work hard them buying merit to earn haram, they should be blocked from forum. |
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I will choose campaign. No money will be required to campaign and there is no risk. I earn good money by bounty. On the other hand, trading and gambling both are risky and capital required.
For me it is best choice to join bounty or signature campaign because for this we will not have to spend our money but we will be able get money, we can earn for free here, it is good to start trading as well but for trading before starting it is good to gain knowledge as much as possible, investing is also a good option in this regard. |
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I see it from the perspective of Bitcoin favouring "odd years" and I have consistently maintained this disposition since 2018. 2017 was an odd year, 2019 is also one. However, let me quickly add that we may not likely get the same surprising hype and leap the crypto world got in 2017 but we shall get something far better than what we had in 2016 and 2018. This time, shitcoins may not survive but Bitcoin will soar.
If the bitcoin follow the same cycle of 4 years, then bitcoin should follow the below trends and bull run will be in year 2021 December.
2021 is also another odd year. Current price chart is not showing us the same price path of 2017, but still I really trust that it will follow the process for increasing the price and I know 2021 will be good year for making profit, we will repeat 2017 in 2020 only if the haling will happen, when price become stable for some time, but then it will increase higher with passage of time same as 2017. |
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The bear market has taught me that you need to prepare for it, because it provides many opportunities for investment that can be easily missed without money.
Same as you I got to know, in crypto currency we will have to be very careful never take any step without thinking, try to buy when the price is low and sell when the price is high, in bearish market real and wise investors grab the opportunity to buy more and more, to be honest I really become happy when the bearish come because I get chance to buy at low, for huge profit. |
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it’s vital to analyze market all time, find respectable researches
You cant analyse at all times unless you are day trading. The word "respectable" is a bit controversial here. Many such research is paid news and doing your own research is what is the gold standard. I think we are talking about trading right? but even day trading does not mean you have to monitor the market and do analysis throughout the day, of course you need a break and that is important for a trader, stress is very vulnerable to traders, so I think you should have a plan about resting too Break will go in our favor if we learn something in it, I know the monitor of the market is good, price is gradually rising we should contribute in making trading beneficial by holding an trading for long term, it is very important to know each and everything about trading so the more you gain knowledge the more price will recover, buy when price is low and hold with patience. |
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if we want bitcoin to be used as a currency then we need to educate the masses about how to use cryptocurrencies, also how to make payments with bitcoin without all the mistakes that we see people make. On top of it all, there need to be online platforms and other market places willing to accept bitcoin as payment method.
well, most people who use bitcoin as a currency can only be found on the internet. mostly, crypto users sometimes use bitcoin as a currency if needed. however, most of that, people view bitcoin as an investment tool, or a technology developer. Yes on internet people are using bitcoin because they are aware of it and one more reason is bitcoin is digital currency so it being use on digital system, there are so many technologies but still I have never seen any other like bitcoin, I know there are so many users but we should spread good news and show people who reliable it is to shop with bitcoin. |
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I don't think new all time high price will be able to reach by this year because it is too far away from the current price but of the bullish trends keep continue for few more months then definitely it will reach above $10K for sure.
If it is far from the current price but it will rise now, as time passed we can see bitcoin growth improved only. So there is no limit for price to be high, so who knows how much the price will rise, continue the price will obtain so much power but few months we will have to wait for better profit, I know 2019 will achieve good place in market. |
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You have rich experience in everything OP. I also tried stocks but it doesn't give the profit I want like in crypto. Cryptocurrencies are a beast when it comes to multipliers so I hunger for more btc and altcoins more than stocks. I was very close on getting rich on crypto in 2017 but I was so greedy and dumb.
maybe your skill not enough to analize stock market.besides trading on crypto i also invest some my money into forex trading.but i only trade once occur best opportunity.maybe in two week once.it could maintain my psycology. Yes it take time to make your skills bright, you will have to take time to become a trader you will have to gain fine skills, new traders should know when the price falls we will have to buy and when the price rise it will be good time to trade, never lose the opportunity mate price is low, control your emotions and invest when you see market is affordable for you. |
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"If I'm right in the thesis, what do I get?"
"But on the other hand, if I am wrong, what is the maximum I lose?"
With these two bezels on your head, it's easy to size and risk your bet.
The risk is huge and so we must scale very well the amount we have to lose, not to fall into the fallacy of trying to solve life with a single shot.
When you spend the greater the amount of investment on Bitcoin, the profit becomes even bigger. But with that, the risk is very high if you make a mistake. Therefore you should have a reasonable plan when investing in Bitcoin at times will be profitable. So be calm and confident when you have enough knowledge about the crypto market. The only best plan is to buy at red and sell at green, risk is actually earning if we will earn we will have to get thought this risk, it is important to have faith on what you are investing in, price will change with the passage of time, the more you spend your time the more you will learn so try to put all your effort in it and make sure you gain good knowledge about it before investing in a coin, I suggest you to invest in bitcoin. |
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Simply rich countries can afford to buy more bitcoins than the poor countries. But, buying bitcoin is not all about to what country you are living in. It is just that people living in rich countries do have more capabilities or purchasing power than people living in a poor country.
But, I doubt about the graphs as it could be fabricated or to what source OP does your graph came from?
Of course bitcoin is not miner thing but it has good value all over the world, but the country which has more earning resources will gain more profit than those who are not having more earning resources. So my country has more job opportunities so people can easily buy and government has power to help the growth of the coin. |
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what is the another ways to lifted up the Value of bitcoins in the market?
Perhaps it is a question related to the volume of Bitcoin in the market, if the number of transactions is low then the value goes down, yes, it all depends on the volume of bitcoin, sometimes the bitcoin volume does not guarantee a significant price increase, but from there bitcoin pulls prices, usually there is bad news that hits Bitcoin back down and does not demand the possibility of good news demand is getting bigger Not only on the volume but also it depends on the users if the users are using it more than before I am sure price will rise higher but if it is down then it is because people are still only thinking about investing, we should spread only good news in the market because it will make the price higher and we will be able to obtain benefit from it. |
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I think that the reason why people do not want to invest in crypto currency because because of the technology gap and banal education of the population.
The simplest reason is the lack of money. Some of them would like to buy cryptocurrencies, but they do not have assets. The other reason is fear. People are scared to see the crypto fall again. People should not be scared because crypto currency is so famous now people are buying and investing to hold, it is good in price now a day, so it is just lack of knowledge which is making people to buy more and more, it is now modern age so the things people are confused about, they can get clear information from google and YouTube. |
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it’s like that, but I think it’s too early to talk about a full reversal, if there are free funds, it's time to invest, if not - just look)
Look and enjoy it, like me I don't have free funds right now but I'm just cheering for the traders to push the price higher so time will come I can sell my altcoins that I have held for a very long time already. This is good strategy to hold your coin for long term, with the passage of time price chart is increasing in price so we can see positive change in price, it is not worth selling time, if you kept holding so I am sure if you will show little more patience so price will rise higher and it will give you power and strength for upcoming investments. |
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of course the binance exchange is very popular so people knows that binance coin will go pump in the future. I recommend binance coin to hold for long term. I believe the price of that coin will go $100 in the future.
No doubt same as all other altcoins Binance is really good coin to hold but we will have to hold with patience and never give up on it, price will rise same as other altcoins future of Binance is good but we will have to be very careful about it, it does not matter actually what coin you invested but you will have to hold with patience till the price recovers. |
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