Predictions can only be made as far as the market is concern because certainty cannot be ascertained. It is always in optimism that people expect the price of bitcoin to be on the increase this year, to which i also, i'm a part of, and together with the height the currency has attained, i believe those that invest in it on a long term, will end up making profit. |
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The crypto market, like every other market experience a rise and fall in price at one point or the other. It is always advisable that no matter how high the market is, always wait for there to be a dip, before taking a buy entry.
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Here, i wish to highlight two things:- First of all, you can be a newbie and a novice in trading and second of all, you can be a newbie and not a novice in trading. Now, being a newbie and a novice in trading, requires you to first, have a background knowledge of trading, practice on a certain level, before delving into it properly.
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Does anyone here have a trading strategy where they look at functionality or the development team behind the coin?
Looking at the functionality or development team behind a coin does not necessarily define a trading strategy. But though could be used to speculate the potential of the coin. Trading strategies varies from individuals and it is seen as a pattern of trading. |
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On a general note, i really do not see bitcoin becoming a daily currency because it is a digital currency that requires the use of an internet and as such, would not be suitable for smaller transactions.
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Hi! ☺️ I just want to ask when to buy or sell bitcoin? I don't want to lose money.. I mean we can't avoid to lose if we're just beginner but atleast we can find ways to prevent it right?
Losing money and making profit in a trade is part of trading itself, one thing you need to understand is how to minimize your losses. A proper analysis of the market and not trading with emotions will help curb your losses. No matter how promising the market may look, always wait for there to be a dip, before taking a buy position. |
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The reason could be enormous as to why there are less women in Bitcoin. But on a general note, i believe the world of technology is mostly adopted by the male gender, because of the default nature of a man. Regardless, there are some other areas of specializations where you find the female folks dominating as well. For me, it is just the mind-set for acceptance.
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In technical analysis, most indicators used are formed based on past occurrences. However, technical analysis for me, serves as a guide to know the flow and direction of the market and when been combined with fundamental analysis, yields a better result.
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After a long wait Bitcoin is rising up in charts.Do you think Bitcoin will finally hit 20K this month if its price increase rapidly?  Definitely if bitcoin's price increase rapidly, it could hit 20k by the end of this month. Bitcoin ordinarily has a fast growth in terms of price and considering the fact that it is in its upward movement and currently at 10k range, would attract more investors into the market, which in turn will lead to an increase in price. |
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I need some help.
I already have experience trading FOREX but until now im not that profitable. The market of forex is very UNPREDICTABLE. technical and fundamental analysis are not really working. Market makers and bank institutions are controlling the market. its centralized and big banks can manipulate the exchange.
Im planning to leave FOREX and switch to CRYTPO trading. Does anyone know who controls the bitcoin price? is it still the government or the whales trader?
As far as trading is concern, on one can actually predict the market, as it has so many factors affecting it. Forex and crypto are quite distinct when it comes to volatility. But for me, i think trading crypto is kind of better because for now it deals with more of holding. |
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Losing in a trade is inevitable. Even professional traders incur losses at one point or the other during trading. It is always advisable in trading to maximize your profits and minimize your losses. In order to minimize your losses, always carry out a proper analysis of the market, before entering a buy position, and also know when to exit a trade.
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