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There are a lot of new coins on the market and BTC dominance is becoming lower. But still, when bitcoin price goes up, BTC dominance increases.
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When everyone is screaming "TO THE MOON" it's usually the best time to sell. And to buy when the market is in depression (like now)
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In order to make profit from pump and dump schemes, one should be very close to the core and get in very early. Otherwise, just don't follow their "calls".
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I agree it's great spot to buy more bitcoin and altcoins with fiat during this depression stage. Upside potential is way bigger that the risks.
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#PROOF OF AUTHENTICATION
Join Youtube Campaign
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Telegram @captaincomet
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I convinced that one should become an expert in both. I did a lot of only technical short term trades but I've never entered only reling on fundamentals.
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Twitter can work in both directions, agree. One can get used to buying someones calls on a bull market and got rekt when things are turned red again.
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Even if someone is a professional crypto trader there are a lot of ways he can make some additional money. He can shill his reflinks on twitter or telegram channel, for example.
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People like to share their winning stories and forget about losing as far as possible. I've lost a lot of money when I was a newb by putting too much into complete shitcoins.
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Trading is mostly about dealing with emotions. I found very helpful a book by Alex Elder called "Trading for a living". There is a chapter about psychology.
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Cryptotrading is sort of online betting too. You basically bet on a price will go up or down. Imo crypto might be way more profitable if you know what you are doing.
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I don't think that there is any. You can invest very tiny amount or just paper trade until you will get comfortable and confident.
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Yes, it is manipulated (like on every other market). It's hard to find an altcoin without anyone pulling the strings and orchestrating orders on an exchange.
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On the most important thing is entries with low risks and high potential reward. I'm trying to spot when smart money is accumulating and get in.
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My strategy is to buy altcoins with good fundamentals on a higher time frame accumulation range (1D charts) and sell partially until long-term resistance (keeping like 10% moonbag)
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Bitmex is good. It's legit and secure. Also, you can move your crypto into fiat ( into synthetic USD) by shorting with 1x leverage.
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