|
Before embarking on trading, one need to have an overview on the term "trading". It is then on this knowledge that you know the basic requirements needed. Starting a trade, entails the following: Having a trading platform; having an investment capital to buy desired coin(s); knowing the pros and cons of trading amongst others.
|
|
|
|
|
Bitcoin is a currency that is different from the norm. It is a new initiative backed by a Blockchain Technology. I see it as the future currency that would serve as an alternative to the usual fiat currency. I tend to invest in it because of its prospect.
|
|
|
|
|
As far as trading is concern, people have different methods on how they trade - they have different strategies that work for them, some are even aggressive traders while others are not. Some of the basic things you need to embark on are: proper research on coin(s); analysis of the market (knowing your entry and exit positions);control of emotions, amongst many others.
|
|
|
|
|
Holding, requires you to buy a substantial amount of coin - possibly at its lowest price and then leaving it to yield a reasonable profit. Fear comes in when emotions tend to set-in and emotions sets-in when you invest virtually all your savings in expectancy of getting huge returns.
The best way to overcome fear of holding, is to invest the money you know you can path with, such that when it happens, you won't really has cause to worry.
|
|
|
|
Lower fees, transactions are approved within minutes or hours and not within DAYS!
Can this please keep itself like this permanently?
Anything involving bitcoin at the moment - be it lower fees or faster transactions, is happening as a result of the current state of the market, which is been affected by certain factors resulting to it. I would like to say that the above mentioned, should not be used to judge the normalcy of the currency at the moment. |
|
|
|
|
I like to be on the side that says "yes" bitcoin does have a future. The digital currency has strive its way to limelight, which on a certain level has been recognized. The regulatory challenge the currency is experiencing, seem to be a pull back. But i believe that would be tackled someday, for the currency to take its normal cause.
|
|
|
|
|
I am of the opinion that any cryptocurrency bought now, will yield a substantial amount of profit. Reason being that almost all went negative. I happen to stake my money on Bitcoin, Ethereum, Litecoin, Ripple and Tether, with a positive mind-set that they would yield profit.
|
|
|
|
|
People have diverse reactions/opinions to bitcoin - some do not even know the concept behind it; some think it's a ponzi scheme; while some think it's a hoax. But for those that have an insight on the cryptocurrency, i would say that, they should have no cause for worries, knowing that the cryptocurrency is of great prospect and will be beneficial in the future.
|
|
|
|
|
Despite the fact that the price of bitcoin is down, does not mean it will not rise again. In this situation, i would like to say that there should not be cause for worries. I believe if bitcoin were to crash, it would not have attained the height it did in 2017 and such an awareness would not have been made regarding the cryptocurrency . It is for this reason that i believe the price will rise again.
|
|
|
|
|
Predicting the market does not give a 100% outcome. It is the dynamic nature of the market that keeps it in existence. If the market were to be predictable or if anybody were to have a first-hand information as to the direction the market will go, he/she will take the advantage to make a fortune from it. It can therefore be said that some factors can be used to analyze the market to know the trend.
|
|
|
|
|
As it is right now, it cannot be said that you are too late to invest in bitcoin. The market now, is taking a bearish movement, which is still trying to find a support and until it does that, and makes a reversal, only then should you enter a buy position.
For those that started earlier, have the edge but you too can have same.
|
|
|
|
Hello people, First of all... yes i hold btc and altcoins  i believe in blockchain and so on... anyway But what if, when this "correction" is not a correction.. Rather the beginning of the end of the cryptomarket, as we know it... I missed the chance to sell at the high, but never thought, that the market is falling so fast and so strong... at the moment, we cannot say where the bottom is... almost no moves up.. just crazy... so much money goes away from the market.. When an outcome of a thing is not certain or known, and you tend to embark on it, you are said to be taking risk. Most people go into investments only thinking of the positive side without having it in mind that its a two way thing. A situation whereby you do not know what move to take, is where the risk lies. As to the question of "What if we were all wrong", i will say that everybody cannot be wrong - some speculations will definitely come true. |
|
|
|
|
It can be said that 2017 was indeed a good year for bitcoin, as there was a huge increase in price. With this, i believe that the potentials gained in 2017 has created a good foundation for the currency to grow in 2018. So, i don't see it's downfall happening in 2018. The decrease in value, should be seen as normal and not a crash.
|
|
|
|
|
Considering the fact that we are in the ICT age and crypto happens to evolve in this era, is enough reason to teach kids about cryptocurrency and other new innovations. For me, as far as the kid has reached the age of assimilating things, he/she can be taught crypto.
|
|
|
|
What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?
Regarding the above subject matter, people would react to it differently most especially when it involves a huge loss. Some might even not trade again; some may henceforth try to play safe, while others may try to earn in some other ways. But as for me, i would like to first of all identify the reason for the huge loss, afterwards, take out time to analyze the market properly before entering into it again. |
|
|
|
|
Show Posts
