I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?
What you need to learn for trading is to search first on your target coins and don't rush in to invest your money. Learning about the coin is good because you will have an idea on what is their project. Just don't panic when you see the price come down. Don't sell quickly and try to understand the trend of the market and if you think it's time to sell then sell immediately to cut losses. You need to have a very big patience in trading if you want to succeed. Don't research for the first coin target because it is better if you will try to do some research on how to analyze the chart because if you know how to analyze the chart then there is no problem for you in choosing the coin to trade despite of its name, price or trend because if you know how to interpret the language of the market then you are in a good position to trade. |
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I think that they can survive because they are not depending on the market of bitcoin because they have their own type of market and community that can help them in order to make their price goes up. The other coins are created by their own developers and they are getting demand from their own supporters so they can easily survive.
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Trading is very beneficial for me especially the day trading because with the day trading, i can easily make at least 20% return per day and that is enough for me to earn my monthly salary in just a week and that is a huge benefit for me because i know that someday, when i saved enough money, i will not go to my work anymore.
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I am really buying bitcoin right now because the price is low and it means that it is a buy signal for me because when i am going to make a long term position in the market of bitcoin then i will buy bitcoin at a very low price and i hope that this price will stay longer so i will have more time and chance to get some more bitcoin for long term.
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If you want to learn how to trade then you should put some effort and time in doing research and reading a lot of books and also some websites that you will find in the internet because learning or studying how to trade needs a lot of time because it is not a magic that you will learn in just counting 1 to 3 because you need to exert some effort and time first.
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The thing that makes me impressed in bitcoin is the potential profit that i can earn in bitcoin and that is why i am here in bitcoin and really staying in bitcoin even though the price of bitcoin is dumping, i am still into bitcoin because i believed to the technology of bitcoin and the future of bitcoin itself and also its own market.
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This is true that we should not panic and we should be positive in bitcoin because it will not die but it will multiply its value or its price so we better just get some bitcoin and keep it for long term rather than thinking of any negative things in bitcoin because it is useless and we should get used to this kind of price movements for bitcoin so we will not get affect anymore.
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The market of cryptocurrencies will die because that is the only way for the market to die is to have a huge demand of selling because there will be a lot of coins supply and that will triggers the price of the coins to go down to a very low price which will give the market a bad image and that will be just a huge loss for everyone.
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Bitcoin is an asset because if it is currency then all the people are spending it and using it for their daily basis life but it is not happening because they are still using the fiat and they are just buying bitcoin because they know that they can make money with it by just buying and it holding for a long time.
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It is normal to see that bitcoin is falling down and having a correction because just think about the run of bitcoin from the last month of the year 2017 and as you can see that there is no correction and it has a huge run and that is why we are suffering but you all know what to do, which is buy and buy, keep buying and wait for the new all time high.
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This is too much to expect for this year because a $100,000 is impossible to reach because just compare the price of bitcoin right now and the price prediction like that, it is too far to reach and i think that it will never become possible to even reach at least 75% of that price and we will just be roaming around 30% of that price prediction this year.
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My trading strategies is simple for this kind of scenarios and one of them is to just buy bitcoin and when the price of bitcoin goes lower than my bought price then that is the time where i am going to put my attention in altcoins because i can buy them at a lower price too which i will just hold and wait for the price to go up at least 10% then sell for a quick profit.
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Bitcoin right now is looking good and it formed a double bottom which indicates that the bulls are awakened and that is a good thing for us holders that we can see a bull run and if the bulls are now stronger then we can expect easy run up to a new all time high but if the bulls are not yet strong then we can go more than 10k price for bitcoin.
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Of course this is one of the best time to buy because the price of bitcoin is down and some of the altcoins are still down so i think that if you are aiming for a good entry for long term for at least 6 months of holding then this will be your best entry because you can easily earn from holding without having any problem.
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I wanted to buy everything with my bitcoin because i think that it will just become worth it to be a bitcoin holder if you will hold it and spend it to buy everything you want in the store because i think that in the future, almost all of the stores in the world will accept bitcoin because of its feature and the potential for making profit.
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I don't really care about the price of bitcoin right now because i am targeting on selling at the year of 2020 and i think that it is the best year to sell because if i am not wrong, that is the next halving day which can make the price of bitcoin goes up really high and that is my perfect exit for my investment in crypto.
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If you are financially confident and you don't need to work for paycheck to paycheck then i think that you can switch into trading cryptocurrencies for full time because that is just an easy way for you to make good and decent profits for your long term career in trading and i think that it can be a good switch for your job because you can earn your salary in trading in just a few days.
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Starting trading is not easy because you need to be prepared not only in terms of capital but also in terms of knowledge because you can't just be a trader that will trade a lot with your capital but your knowledge is zero because you don't know what to do with your coins and that is why knowledge is very important and your question should be, how to learn trading.
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There is no fixed income with bitcoin trading because the market is volatile and it doesn't have the same movement so it is understandable that the profit or income that you will be getting is not fixed and you need to keep trading in order to make profit that will make you satisfied and for me, it is best if you will just set quota per day so you will have the fixed income.
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People are attracted to bitcoin than other cryptocurrency because they know that bitcoin is the most stable compare to the rest of the cryptocurrencies and the movement of the price in bitcoin is faster than any other cryptocurrency and bitcoin is the king and the rest just follow to its movement so i think that it is really easy for them to choose bitcoin.
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