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Most people always feel that the price of bitcoin will always appreciate and never deemed it fit to know that it will have a decrease at one point. Now, some panic and they tend to sell; some are on the notion that the cryptocurrency is crashing; while others are being optimistic. I really do not want to see it as a crash, but a normal flow of the market, and every investor (both upcoming and existing) should see it as such.
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Dear Manager, I saw on the spreed sheet that zero(0) was recorded on my week 4. Here is a proof of my work-done for the week. Please, kindly see to it. Thanks. |
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Loss in a trade only occur when you exit a trade lower in a buy position or higher in a sell position, to your entry. With this, you are said to have a loss on that particular trade. One good thing about cryptocurrency trading is that, most promising coins have the tendency to rise in value. As a result of this, it is advised that you hold until you get a reasonable profit from your trade.
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Due to the recent decrease in price, it can be said that now is the time to start buying. But on the other hand, it could be that the price may still go down. But whatever the case may be, buying now is still a good idea, knowing that the currency has the tendency of going up.
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Sorry @Rahmatul_usra, your twitter followers exceeds my re-audit range. But feel free to send me your link at any time, when i must have upgraded my range. Accepting your thanks in advance. |
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The situation goes two ways - It could either go back up or it could also go further down. But as the case is right now, you can jump in, considering the fact that the market is still down. This is where taking risk comes in. Make a decision and stick to it.
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It was supposed to be expected that the value of bitcoin will sometimes drop, but some individuals never had this in mind - they felt it was always going to be an upward movement, so, when they saw the reversal, they felt it was dying. One thing people should have in mind is that, this system is a dynamic one.
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The best time to cash out is when you must have made a reasonable amount of profit after your entry, then exit the trade and spot another entry to enter the market again. Greed is actually a vice when it comes to trading, so, always try not to be greedy.
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No doubt that bitcoin has actually taken a turn in the downward direction. The question of whether to hold or sell can be further explained with the following advise;
Hold - You just need to hold if you are running at a loss already.
Sell - You need to sell if the current price has not hit your entry price.
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If ETH price exceeds BTC, it would only bring in more investors to Eth. In every situation, there is always a possibility, which could either be certain or uncertain. The above speculation cannot be far-fetched as to whether ETH price will exceed BTC's. ETH has a platform that is different from BTC and thus, have the potentials.
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The bitcoin market seem to be going in a bearish direction, with which, we do not know where it would take a support. In my own opinion, i will say that, we wait for the market to make a reversal before entering a buy position. For if, you happen to buy now, and the prices goes further down, you're said to be having a loss.
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Most people are saying it would have a support at $10,000 (this is only based on assumption). Just as no one could tell the height bitcoin will attain in value, so also, nobody can tell how far it will drop in price. But if i am to pick a range, i would say between $5,000 - $10,000.
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Voted already.... wishing STAKE the very best.
BTC Address: 1rmRqpn2Sj7EAnSrDxPEfmiVWagHf9Gx2
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