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Trades only thinking about profit because his mind has been overcome by greed without thinking about the risk of being a bad thing for example he has a profit opportunity but because his mind only thinks of big profits then he delays to take profits then next time the price changes down then the profit opportunity is lost that is an example of trading with a greedy strategy, so implementing risk management is important so as not loss
and to lose profit opportunities
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They are only carried away by a strong current of social media with a lack of experience and their research is tempted by offers that have been promised in the future when people realize that something is strange, they realize there is a drama going on
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I've been holding bitcoins since 2012. I sometimes sell some to buy something I need. But I prefer to hold on as long as I can.
Persevere for a purpose must have a strong commitment against obstacles that need very difficult as I've ever experienced,great if you are able to survive holding bitcoin with a very long period of time there is no harm in holding bitcoin because bitcoin will provide something sweet |
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And what do you get after trading for six months? It's boring if we keep doing things like that, but if you are careless, there are two risks you can lose profit opportunities when prices go up and lose buying opportunities when prices go down. All work has risks, I more often trade briefly when I have free time but when the time is over I save trading assets in fiat currency
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Still more focused on bitcoin because seen from its movements only bitcoin shows an upward movement while the other altcoins don't show much increase after being hit by a storm of falling prices
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Good if the hunter is smarter to choose the bounty project as a good start up capital so that it's not wrong to choose work and invest.It could be that the lack of projects indicates a good thing.There is no project the gift of a cheater.Hopefully this year there will be no more fraud projects,so that it will make good things for all parties
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Obviously everyone expects good things to happen this year, do not happen again like last year, which experienced a bad event, the price decline is very deep making investors very panicked, so people prefer to run looking for new things
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What do you think the hottest alts will be this year?
Very interested in getting strong opinions on this.
Certainly many who want the price of altcoin to rise, but I do not expect old coins to expect more new coins, expects the arrival of many IEO projects in large exchanges that can provide confidence and profit for each investor to be able to blend so as to create spirit for work earlier this year Nah, I don't think that new coins will make a good run this year rather for the old coins unless it was pushed by hypes. But we are looking for a sustainable market that could able to work for a year or more and sustain it not just in a short period of time. I believe that ETH is still the hottest altcoin in this year. But I see a very different ethereum movement that does not follow the rise in price of bitcoin with the incident I feel a little disappointed, I look for other alternatives to look for new coins even though as you said only has a short time does not last long like other altcoins |
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Yes of course this era is more advanced and develop more sophisticated technology scientists every time they work to create new innovations every day throughout the year many new products are born wider buying and selling transaction so crypto money is needed for the future
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What do you think the hottest alts will be this year?
Very interested in getting strong opinions on this.
Certainly many who want the price of altcoin to rise, but I do not expect old coins to expect more new coins, expects the arrival of many IEO projects in large exchanges that can provide confidence and profit for each investor to be able to blend so as to create spirit for work earlier this year |
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Have heard that there is an IEO project that is not in line with the network of the road map mentioned will be listed in the exchange market but in reality it does not happen there is an irregularity so that investors complain maybe like that
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Obviously IEO is better than ICO, the risk of fraud is lower and investors also trust IEO because it is safer because people prefer whose name is related to the exchange market which creates increased trust in a project
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Trading requires patience in a hurry that won't work because trading in cryto is not that easy we have to watch the market movement and sell coins at a price higher than the initial price we buy that way to profit if we sell at a lower price than the purchase price it will be a loss
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Here are some tricks if you are new to crypto world.
For me i found it good to use 3 part trading trick.
1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.
So 3 part trading is best thing.
You will have to wait sometime to make a profit if the market keeps dipping, anyway the wait for a good coin to pump based on the bear market length of time to end and start the bull trend is 9 months, so your money is stock for several months, it wil worth the wait if you are going to make 20 to 70% profit in the bull run, then the wait is worth it. That is not good if you want to earn on a daily basis. On that strategy you just become a long term trader. I've done it before and I just sold at loss because I needed some money that time for some emergency. I won't even suggest that strategy to newbies. I heard an urgent need that I also experienced when I needed money but the market price did not support so making a loss sale was something I really hated but a forceful situation could only stroke my chest, because it destroyed the strategy I had taken to hold back when the market price dropped |
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It is very risky to trade without knowledge and skills with only modest capital, that's a common thing to find in people who want to get rich quickly they don't know what they are doing can be a high risk if they choose the wrong step and end up losing money
That would be a sort of learning for the newcomers, they should know what it takes for crypto-investment. We can't find it too risky if we know how it works for and considers this as a normal event. Yes, losing might be in our ends sometimes but we can't just be down because of bad experience, instead will bring this as a reason to be careful in the next round. Learning from defeat does make us careful that in the future we will not experience the same thing but if we have the knowledge and skills we can avoid things like that and we know where to go |
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It is very risky to trade without knowledge and skills with only modest capital, that's a common thing to find in people who want to get rich quickly they don't know what they are doing can be a high risk if they choose the wrong step and end up losing money
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The more new coins that are present in the crypto market, will certainly enliven the crypto world. My question is how do you look at the future of the altcoin, with fairly tight competition. Will it affect the price of old altcoins, such as Ethereum, XRP and others.
In my opinion it can affect because many people are interested and the number of investors in it can make new coins beyond old coins, especially if new coins can be useful for daily life that can be used but so far I have not found anything like that |
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I don't think there's an app from mew, but we'll, you are right, they should look into building an app like imtoken, trust wallet and others
I prefer imtoken, I have been using it for a long time, there are no problems I have experienced so far and the transaction costs can be changed as you wish and it is very practical to be able to make transactions anywhere because it is attached to the cellphone that I hold everyday |
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Obviously people who do not have other income I am sure will not take the pattern to hold, surely they will use day trading patterns because what they need is income every day to meet their needs because holding takes a long time and patience
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