The best time to exit trading is when you have successfully make profit according to your plan. If you are yet to make profit, you may have to stay longer trading otherwise, you will be at loss and this could hinder your ability to trade in future and affect your confidence in yourself negatively.
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Bittrex is gradually losing it's relevance in cryptocurrency trading space, the old UI was simple for anyone to use and people can easily find their way. The new upgrade is laggy and somehow not simple enough.
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Yes you can! But be aware of the risk involve! It will happen that in your bid to make some money through margin trading, or shorting, if market suddenly go south, you may be in seriously loss in a twinkle of an eye.
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In addition to your most simplistic approach to trading, I will say if anyone follow this strategy as it is explained above, you should then know that you are in a game of chance. It could favour you or work against you this game. Trading require experience, skill and TA. You can not get all these in a day, you have to acquire it over time.
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This is good news and indeed right step in the direction of adoption of cryptocurrency in the commerce and trading including shipping and shopping! The everyday spending of cryptocurrency for little purchase portend growth and for cryptocurrency.
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Bitcoin is definitely the preferred cryptocurrency. Litecoin was folk out of bitcoin and it is only in the event that bitcoin become more valuable that many could take litecoin for those that may not be able to afford bitcoin .
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Getting rich fast mentality is not the best approach for investors without slush of funds to invest in trading. Without big capital, you may not have the instrumentality of manoeuvring the market.
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There is nothing wrong with cryptocurrency in the first place, price is not the only indicator of healthy asset. Cryptocurrency keep functioning and operating seamlessly. New price rise is also good for cryptocurrency ecosystem.
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This question is really apt and good to ask in the light of recent developments of influx of bounty hunters. I do not think bounty hunters especially those ones from Asia have good understanding of how cryptocurrency works. They are always ready to sell their tokens at any price there by making themselves poorer!
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There is no silver bullet that can get you the results you want in cryptocurrency, you just have to use different approach and engage in different activities to achieve your aim. Short term trading and bounty should add to your bottom line otherwise, find some other activities.
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Been in a panicking mode itself vis negative state of mind and whatever decision you take at that moment is not going to ve logical and best of decisions. So not panicking in the first place is the right approach .
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Sometimes is the smartest thing to do and sometimes it could turn out to be the dumbest thing to do as well. One must be constantly on the knowing to be able to decide if holding still make sense or not.
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I am of an opinions that since bitcoin has broke the seven thousand dollar resistance, the bull might officially be confirmed. Bitcoin will continue to rise and the new price discovery is on course.
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I will still invest some of my fund on ripple but not like I will invest in bitcoin or other fully decentralized cryptocurrency. The reason for investment in the first place is to make profit and ripple have brought profits over the years.
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Cryptopia exchange has been consistent in my own opinion. I have traded on the exchange for months and all my deposit and withdraw are credit as when it should. I think cryptopia has a moderate consistent service that is good.
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Community behind a coin is like a fuel that drive the coin and provide several mileage for the coin to cover. Community that are passionate and committed to a coin's future will ultimately make such coin successful.
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Making an absolute statement about future that is not certain nor is in your sphere of control usually lead to illogical decision and eventually lose you money in the process. I will not recommend fully or execute what I cannot make to happen by myself.
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Giving away your job under any circumstances is not a good idea, now using cryptocurrency as a reason to quit your job is not a wise thing to do. Cryptocurrency is amazing system to invest and working but it is still in it's early stage of development.
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Firstly, you need to know the current happenings and news concerning your coin, each and everyone of them. After been aware of the state of development, you can decide to buy more or sell to cut losses etc.
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Everyone will like to tell you how good and profitable their ICO is. I would rather let you in on what to look for in good ICO. First, an ICO must have a use case for it's proposal. An ICO must also have competent team and deadline on their roadmap!
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