90% of those who are talking about death of bitcoin are the same people who are trying so hard to buy bitcoin when it drops a small 5% so that they can accumulate a tiny bit more.
The rest 10% are the newbies who fall for the 90% FUD and are scared of the situation.
Yes I agree with you, the current situation of Bitcoin is very slow to work and the price is still down but still functioning at the same time. Just wait until you return to normal and be patient at the same time. Keep working and trust is the best because in every patience and trust in bitcoin will someday pay off with big profits when bitcoin prices stabilize again. |
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as we know that there are too many coins in circulation.
What do you think of choosing a good coin to be used as an investment?
My advice is not to choose a new coin if you want to use it for long-term investment because buying new coins has a high risk of losing. Choose altcoins like Ethereum, EOS, and others who have long survived in the crypto world. But if you still want to buy new coins, the reason for new coins is more profitable in terms of instant profits. it's better if you invest in a legitimate ICO project, but you have to do an analysis of the ICO project because there are now many ICO projects scam. |
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Will the current market situation turn better?
Now that I hold some digital tokens, can anyone tell me to continue holding them or sell them directly?
The only option to sell is if you really need money, if it's not better to hold because you will lose if you sell when the market conditions fall and the slump is like this. Even if you still have more capital, I would suggest buying more for greater profits in the future. |
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Do you recommend family and friends to join the market when it's crashing?
We pray for the prices to go up and to more people join the market, but will you recommend someone close to you to join when the prices are dropping like crazy?
If you do, explain why.
This is an investment, whenever we go into investment, whether it's at cheap prices or high prices, the risk of loss still exists. and I don't want to recommend this to the people closest to me because if they experience a loss it will have an impact on our relationship. I just want them to be attracted by themselves, then I lead them to invest in crypto so they don't blame anyone when they suffer losses. |
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Please I want to invest in some coin but it seems that the market are red which coin should I buy now
This is the right time to buy coins because the price is down and you have the potential to make a big profit if the kebali market recovers and the price of the coin rises again. I strongly recommend using Ethereum as the coin you buy. because we all know Ethereum is the most powerful altcoin in the world, and this coin is still a platform for some legitimate ICO projects. |
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Bitcoin is now at about 6k$...
I bought tons of bitcoin when the price was at 3k$ and then sold at about 17k$, I made profits then, but now I don't think that the price can go up again...
Will it?
I do not know how many Bitcoins you are selling at that time, for sure you have made a big profit from increasing Bitcoin, if you have already profited from holding Bitcoin, why do you have to doubt the future of Bitcoin? Nobody will know what will happen to Bitcoin in the future, now Patience is the key here, and besides, as far as I know from year to year we still see an increase in Bitcoin, so there is nothing to fear. |
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I'm looking to invest in a trustworthy Altcoin with a good team and project that I can hold for 1 years. Do you have any suggestions for what I should invest in and why?
If you want to invest, I suggest that you are NEO. NEO is a Smart Contract platform and is ready to compete immediately, and NEO tries to take over Ethereum's place. NEO was also supported by the Chinese community the reason why it was called Chinese Ethereum. |
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I am sure there are still many people who do not understand clearly about bitcoin and its purpose, but they invest in bitcoin because they follow trends and are tempted by the results without knowing the risks. If prices continue to move, there is nothing to worry about because it can attract new investors to invest in Bitcoin.
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ETH jump from 167$ to 174 in all exchanges its not too late to buy I think ETH crashing finished and now is the best time to invest or cry later because ETH gonna pump to 0.1 BTC or more exactly like DOGE did all peoples that didn't baught DOGE at 36 and 37 satoshi because they was thinking it will crash more are crying now lol  I did not expect such a drop in prices, and honestly I did not believe why Ethereum could go down to the bottom. and now we are still waiting for the lowest price of Ethereum, I think ethereum will not experience the same fate as doge. all still panic and confused between continuing to hold or sell it to cut losses. |
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I don't think it's a good idea to turn your Bitcoin into Ethereum, because these two coins are very potential coins in the crypto market. you better buy Ethereum so you have 2 types of potential coins for long-term investments. But the final decision is yours. you are free to choose the best one according to you.
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So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.
What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?
It's a matter of luck, and no one can know what will happen in the future. Don't blame yourself for that. just let go so you are more calm. Maybe in the future you can be a little more patient if you invest long term. |
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Usually Bitcoin is measured in dollars to increase the value of its investment because the dollar is one of the most popular and powerful currencies in the world, but you can choose your own currency if the dollar is not your currency. There are many choices on coinmarketcap.com.
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a few days ago ethereum experienced a drastic decline. and it turns out it's currently under $ 200! My personal predictions are wrong, and may not be true. what's the next step?  I think vacationing is a good idea while enjoying a vacation !! At this time, I see that in coinmarketcap and Ethereum, prices fell by more than 9%. but before you have a vacation there is a good idea to buy Ethereum first. Who knows, after you go home, Ethereum prices will rise again, because this coin is very good and no one knows what will happen in the future. |
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Trading or investing in the Crypto market is a psychological battle for yourself. Securities investors often say that investing in traditional markets requires very high disciplinary action. This demonstrates how they will control themselves for the volatility of the market. How can they eliminate the wrong decisions that most people still make and adhere to the strategies they have set.
If traditional markets require discipline, the Crypto market requires resilience and a sense of steel. The Crypto market has tremendous fluctuations in comparison to other markets in the world, in this market the preparation of emotions and keeping a cool head for a trader requires a lot of practice.
Here are the things you need to remember and when you need the best psychology for a Trader to cope with market fluctuations.
Do not try to catch the right market!
If you are really lucky to have a source of money to invest in when the market goes down, it can be a good time to start making money. Many people keep thinking about adjusting the market as a "Flash Sales", and always try to think of getting the bottom right of Bitcoin to make the most profit, but then you will notice the bottom of the day. this is the peak of tomorrow.
When you look at price charts, look at the price of coin straight into the pit, you ask yourself when it will stop the price drop? You are catching yourself to catch the bottom of this rebate. Getting the bottom means you are trying to trade in a bottom of a downtrend trend. It must be emphasized that it is really difficult to get the bottom right in a downward trend, which is just like posting a knife with a high velocity.
If you still insist on capturing the bottom of the rebate, you are missing out on a lot of better earning opportunities. There may be times when the secret is simply "ONLY, ONLY AND ONLY" until you have identified a trend reversal of the market. Many people lose more when they keep their view on having the most profit when they catch the bottom. From time to time, you intend to place orders when thinking that the current price is closer to the bottom of the market than waiting to determine the right trend.
Do not sell your coin when looking at your coin soaring!
Many people have done this, the general psychological tendency of the market. Many stories share the same plot, and each time you see a coin A rising drastically, you start to sell your Coin B and immediately jump into Coin A. The psychological effect is called The FOMO is a normal fear of human psychology but is really dangerous in the Crypto market.
Do not stare at the Chart all day!
Those who have just entered the market, will spend a lot of time to "charting". Looking back, if you are honest with yourself, how much time you wasted. You spend a lot of time learning and learning the knowledge and application, but also spend a lot of time aimlessly to look forever into the computer screen with the red blue.
Sometimes the best thing you can do is to put a little order, walk scattered, trust the strategy you set, and remember "IF YOU DO NOT COME BACK TO YOUR STRATEGY, YOU ARE SURFING IN THE MARKET "
Your statement above is very good, and that is absolutely true, this is also what I always do when my crypto daily trading experiences a loss. but now I have learned and tried not to do the same thing repeatedly. |
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It all depends on the project you will follow when deciding whether you should hold or exchange it immediately. It is important to conduct an in-depth analysis of several aspects such as an understanding of the value of the ICO, the team behind the company, and the interests of the people in it. Will give further information and to get an understanding of what they will build. With this, you might know if certain coins have the potential to grow their value or not.
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First I used to rely solely on ICO rating sites because almost everything to be considered is already graded by the expert. But now I am starting to doubt the ICO rating site after hearing news about a biased ICO rating site, because of the bad shade of this ICO rating site, all other honest sites are affected.
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DO you know that even some of the so called politicians have secret investments in Bitcoin and cryptocurrencies that no one may be aware of? I believe this is one of the reasons why some of them have double stand when it comes to taking decisions on the adoption or regulation of cryptocurrency. Some of them are scared of publicly supporting crypto. What do you think?
Anyone can invest in crypto curancy, and this is very personal without anyone knowing about their participation. even politicians seem to be drawn to this investment because they understand that this investment is so profitable and can avoid their government's attention. so there is no denying that many rogue politicians save their money here and participate in bitcoin games. in my opinion, the investment is here privacy is very awake. |
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Poverty does not affect cryptocurrency. If someone is poor, but he is able to make money with the help of cryptocurrency, that means he is trying and has the opportunity to change his status through the benefits provided by cryptocurrancy.
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High risk of producing high rewards, Without taking risks, nothing can shine. Sometimes you will succeed and sometimes you don't. Who thinks bitcoin can reach USD 20K when it's under 1 USD! Most people say bitcoin is fraud, Ponzi schemes, and many things. But still, some people hold their bitcoin with faith and trust.
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So I basically got fomoed. Towards the end of 2017 I saw how high bitcoin skyrocketed and decided to invest in ripple as a test. Less than one week it went up 3x. This made me more ballsy and I put in 11k total in various other alt coins like ripple, ethos, tron, and cardano. After the crash I lost about half of my value just like that. I am frustrated with the experience and wish I would have just put in 1k or something. I wish I could just not invested and went into what I was doing earlier which was just investing the boring and traditional way. Should I wait and hodl or pull out and do something else?
If you still have savings or have other income from businesses outside Crypto, hold down is the best way to do this now, but if not you have to find a way to get faster results, because no one knows when the crypto market will recover, you can try to invest in a number of legitimate ICO projects, the method proved to be able to give me income. but do the analysis first, because there are so many projects that are scam. |
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