I believe that holding is one of the best strategies in this industry but you must be well aware of what you are holding and know when you are going to sell off. This is why having the knowledge of technical analysis is very vital
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This are real problems faces by a beginner in the industry and it only takes experience or good mentorship for a beginner not to fall into such mistake. This article was helpful and I also learned new things with it
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I believe very much in holding cryptocurrency for the long term. I have benefitted tremendously holding than doing any day trading of any sort. I am a strong believer of holding
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For a newbie, you need to get more knowledge first and know the basics on how to trade. Secondly, you can use binance as a platform to start trading. You now choose to invest in long term or you day trade
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I chose long term investing because of my busy schedules. I have a day job and this wouldn't give you time to to day trade as I dont have the time to monitor trades regularly. This is why I am into long term investing full time
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Everyone has different strategies and different things that works for them. Myself, I dont like day trading as it makes me lose money. I prefer long term HODL and cashing in on bigger profits. This is what I prefer
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My strategy is that, after buying a coin and it gains, I sell a fraction of it to get my initial capital and leave the rest in order for it to ride the waves. This is how I invest and its been working for me
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Yes, this is the best time to buy altcoins now. The price has gone down significantly and this is buying season and not selling season. This is what most people fail to do. They sell out of fear because they lack understanding in this market
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It varies. Most of the coins earned from airdrops are mostly shitcoins. What you need to do is to go to their official telegram group and confirm when such coin would be listed on the exchange. This is the best thing to do in my opinion..
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Their are quite alot of opportunities that goes with bitcoin. Trading is one aspect Mining is another aspects. Investing for the long term is another aspect. I believe we would surely have a Company that specializes on bitcoin trading only when regulations comes in
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The ETF was rejected and the market responded to it but it seems that it didnt affect bitcoin that much. I believe their would surely be some sort of good news that would spike up the cryptocurrency market and bitcoin would for sure rise in value overtime
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If I invest and I have made profits, the simplest and the easiest thing I do is to withdraw the money in fiat money. With this, the funds are always constant and you can be sure you made profits. You might decide to keep your profits in cryptocurrency and when the price of bitcoin declines, you can't say that you have made good profits as the market is down now
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Their are quite many resources one can use to learn how to trade profitably. You can start with a lot of materials and PDF materials from great authors. You can search online as well for materials. You can use the YouTube to get information on how to trade Cryptos as well.
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I think everyone has his or her own way and his style as well. Day trading is good for people that understand trading and technical analysis as well. Rather, if you do not have all the time, you can choose to trade/invest and hold for long term. All these are trading strategies
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The article was very much helpful in my opinion. Many persons might not know where the bottom is. This is specially for people that understand technical analysis. Every newbie needs to understand this market, make thr right decisions and be able to control his emotions
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The bears are very much in control of bitcoin prices in this market. The price has went all the way down because of the recent decline in Bitcoin ETF and also the postponed bitcoin ETF in September. We await to hear positive news to see if prices can jack up significantly
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The bull market hasnt come yet. That way just a bull trap in my opinion. I believe that in time to come, we would experience bull market in the long run but it won't come too sudden. We must wait for it and their must be good news so as to restore confidence in this market
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I would say that, if you are already in loss, it is advisable you hold your coins for the long term in my opinion. It is not wise taking loss in this market. You can also buy more coins as well and add up so as to level up your price lower and hold it till the price spikes
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I don't think you can get ico investing 100% in all your investments. You need to implore all those set rules to researching icos and now trust your instincts on when you want to invest
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I would say that, now is a perfect time to buy etherum as the price of etherum is low now and it would be wise to buy etherum now as this is a good coin to buy and hold
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