I have recently purchased £200 of bitcoin and want to understand how to read and analysis charts. What would be the most appropriate type of analysis for a newbie?
No particular advise for a newbie that is different from old trader. You have done a good investment by buying bitcoin (at least not a shit coin  ). So hodl it to a time you want to sell if you are lucky, it might be at a high price. Why I said so is that I don't believe someone knows exactly when price will drop in cryptocurrency but your experience will grow with the time. I agree with you, that if we trade more often, our knowledge will also be very fast to grow. One thing I got from my teacher is that success will come after we have enough experience. |
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That is very easy to say, but in reality everything is not that simple and panic in trade always comes to everyone. But there are some people who are able to control themselves and can overcome the panic thanks to their sense of confidence about what they already know.
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lol , indeed that is human nature where they are often difficult to control themselves and so am me personally. In my opinion, this is because their trust in Bitcoin is still gray and only goes with the flow and does not have a real mindset that is in accordance with what they get from the results they seek information and knowledge about bitcoin. |
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we still have more hope, I think this is only a temporary correction and when support for bitcoin increases, there is no doubt that the bullrun will come soon.
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Although binance has been hacked, it does not reduce the trust of the traders towards it and still makes binance one of the favorite exchanges, it is caused by a team of professional binaries so that they still get a lot of trust from the users.
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Bitcoin has become more popular in the financial world due to its sudden growth but When I see exchanges there is a high percentage of people who are trying to sell there Bitcoins to make temporary gains using current price increase and some fear this is a temporary situation so they use this moment to abandon the market but My personal opinion is they doesn't understand this is a time that any investor should invest more into Bitcoins because after along time BTC has shown us it is not a Bubble or just another financial failure so as investors we should have a clear understanding in order to make this opportunity an advantage
This is because many people invest or trade in their own way, say some of them may only invest or short-term trading so where there is a gap for profit they will sell it. in contrast to investors or long-term traders who continue to add value to their assets when prices start to rise and they have seen tremendous potential in the future. |
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Honestly, when I see the market condition that continues to rise, I feel very happy and extra patience arises in monitoring the market, and if what happens is a decrease, it cannot be denied that panic is always haunting, but even so, I always try to remain calm.
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indeed I see the increase in bitcoin being the main spotlight on the market, but the increase in bitcoin was also followed by an increase in ethereum which was a surprise. And now even some altcoins are also green on the market.
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The price of mainstream currency starts to rise crazily.The TNB I mentioned yesterday also went up Bitcoin experienced an extraordinary pump after so long asleep, but unfortunately at this time bitcoin has had a hard time going up again and I think it is caused by the many people who sell bitcoin they have because they already feel that they get a large profit and do not care about the next potential and that is the nature of traders. |
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You can check NEO and Waves, I think the two coins have an interesting surprise for the future, or why aren't there BNB? It seems like now many people are glancing at the coin. |
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I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
I don't know, actually the one who has to decide on it is you alone because even I don't know what you experienced before such as how much the total loss is and what value you want right now or to cover your losses. |
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absolutely right, for me holding is a principle and holder is an appropriate nickname for those who choose to stand on their stand. I don't know what the holders get but I am sure that they have considered everything.
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Bitcoin price is too exciting once again many believe that bull market is really here and the bear has finally ended, well I hope so after long months of waiting for this Im very positive that bitcoin will continue to increase time to convert your alts now.
As the price has grown very high compared to the value from which it took its growth forward. This time no big growth with altcoins, upon which it isn't gonna profit on moving the altcoins into bitcoin. Better is to keep hold of the altcoins as there will be some good move in the market in the coming weeks. I agree with you, even though some altcoins don't follow the movement of rising bitcoins but that doesn't mean that the altcoin will continue to sink. It's only a matter of time that I'm sure the altcoin will follow. |
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You are right If you have to take a big risk, you will get a lot of profit. You can take this issue very normally, Bitcoin was worth $6000 a few days ago. But now Bitcoin value exceeds $7900. So if have buy bitcoin with 100btc for per price $6000 then now you can sell and got as big profits.
Even that would be a great profit, 200k dollars clear profit in just couple days!!! And where are big investors who invested in January, now price is x2. It`s huge profit who knows and have big bankroll to trade with. This is like that with bitcoin 10 years and still lasting. Math is simple here, anyone can make some calculation. And believe in this, game is still not over, we will go much higher. Just time and patience, little money to get in if you haven`t, or big money if you have it and you are ready to risk. In other words, do we still have the opportunity to enter? The current increase in the market really provides great benefits for those who are still patient, to be honest I have missed the train and when you talk there is still a chance I am a little relieved. |
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In a few days, bitcoin has always experienced a tremendous increase every day, even more than $ 500. But to be honest I do not know the extent to which the increase will occur, and cannot match it with the increase in 2017.
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If bitcoin reaches $ 1 million per chip, I think there will be many people who get rich and be accompanied by more crime. And yes, even the government will be more assertive in setting rules in every country.
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Any idea why ETH price is increasing? I searched the internet only to find out some insight about the POS of ETH not launching soon, and the possible transition would happen on the year 2021 at least. Aside from that, there is no good news that I can find. Is this the after effect of Bitcoin surging price? Does this mean ETH is tailing Bitcoin for being bullish now?
But the price of ETH/ BTC declined in the spring. Now there is a slight increase, but will it continue? The increase in the price of ethereum due to the growth of bitcoin is illusory. It would be nice if we were ready for unpleasant surprises. I agree, even though the market situation is increasing at this time but we must always prepare ourselves for all the possibilities that we did not expect. And we must always remember that the crypto world is very difficult to guess. |
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There are suggestions to trade if looking for profits during this period. How and what to do to ensure maximum profits?
Or is it better to invest in top coins and play safe?
P.S.: Though honestly, I don't think anything is safe anyways.
Absolutely, there is no safe place to trade or invest in crypto. Even though you choose to hold, we don't know what will happen in the future. In a declining market situation we have to be extra extra at work, in other words we must be able to do more careful research and also choose coins that will be traded. |
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XRP is one big coin that has a lot of trust from traders or investors, and it makes the price very difficult to predict. And to answer your question I think it will be better if you answer it according to your conscience and what you have obtained from the results of your research. Oh yeah, in my opinion xrp will be very good for the long term.
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in my opinion shitcoin is a coin that really does not have a real or coin product that has a product but it is very difficult to compete and also develop and increasingly marginalized by new coin coins popping up.
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