Day trading actually best way to make money we need only learn some best strategy and good risk management. I also like day trading indeed more times to learn about strategy and difficult to get consistent profit, but in the long term when we become expert trader we can make big money.
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Use this history of investment as experience and then make new risk management. And to recover the lose if have more times, trade it to get profit but if you dont have times and has free money more, buy back at the deep to get other profit. And if you dont have skill and times for trading and no more free money, best way is hold it for long term investment.
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You can do it but you should be have more good strategy , great risk management and spend more times to focus on that. But because you can not guaranted this is will work or not for the better sell your coin in 50% and other 50% more use for long term investment.
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I spend times about 3 to 4 hours for cryptocurrency trading and ICO, because i have other job. But i like this job although any high risk but also given me nice profit.
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You should management efisienly the times for trading, lets say we can only spend 1 to 2 hours aday so for the better we do long term trading so this trading activity not disturb other job. Keep patient to get better price when buying and selling is key of success in trading.
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In this situation of market i prefer doing day trade to maximize the profit, but also i have some fund for long term trading, divide the money each 50% for day trading and long term trading is will be better because we only make speculation in this crypto market. So by doing both we will know which will be more profitable.
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In my opinion now is good times to pick some popular coin and hold it in a few month, because in daily chart all coins look like oversold and ready to start going up again. Use technical analysis can help you to get better price when buy coins. The crypto market will continue growing in the long term so make investment in crypto give some opportunity.
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Dont be greedy is good way to manage emotions and should has minimum target for take profit in a month, lets say 50% amonth, so when you get this amount, just take rest while and thinking twice to entry in the market, dont just enter without any analysis, because when you floating minus in next month you will waste your times in 2 month.
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I believe the technology behind cryptocurrency is very usefull for many kind of industry, and cryptocurrency will continue growing even many bad news. but this technology still young and need more in development. Hodl is best way to get profit in long term, but in my opinion this is too long waiting and to maximize the profit spend times for long term trading to maximize the profit.
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In my opinion AION is one of the massive potential one. I watched video update from the CEO and he look like he is very professional to bring the project to get successfully. The aim of the project also look interesting, to connect different blockchain.
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The market can change in 24 hours, so my goal for this month is hopefully all popular cryptocurrency going up to 100% from current price in 1 month so my loss will recover soon.
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Yes iam very afraid of hacker because they can stolen your all your money if you put in online wallet. I hasbeen hack about $100 in my Perpect money account last year, so now iam very afraid, and to be more safe i always use all security features. Hacker always has many idea to get your money , so always be carefull.
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Because they just to see the price between 1 years, lets see price of some crypto early of 2017 and in the end of 2017. Some popular coin was give nice profit in 1 years even more than 100 times, that why many people thinking just by hold will be give the same return later. But could be last year will be not same with this year.
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In my opinion Ethereum can make it. Because this crypto give many benefits to the cryptocurrency community. Could be this happen in 2 or 3 years, the team founder also has some inovation to make ETH has many features.
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Iam also in big lose now because iam too confident if the price continue going up but in fact the price drop alot. So now i just hodl my coin fo long term investment. I know the risk so now i just relax and wait for bullish trend.
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To make profit from trading you should be active to analysis the market to know when the market on up trend and down trend. And you can get pasif income only if you hold the coin but not guarantee will make profit from it. So to get consistent profit doing day trade with good strategy and risk management.
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In my opinion use that money to buy some popular coin that has massive potential, like ETH, DASH, OMG, WAVES, NEO, ADA. Divide that money by portfolio each 20%, and the each 10% of them trade it and other each 10% use for long term investment.
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Just wait patient, in my opinion in about 2 or 3 month the cryptocurrency will back to grow, because any periode of market down trend and boring like now, and will be other day times for market up trend and ATH.
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In my opinion ETH is better than BCH because ETH given more benefits to the cryptocurrency community, and BCH just chain split of Bitcoin. In the future ETH could be surpass Bitcoin.
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Yes that good idea because the price of Ethereum can be going up to $4000 in this year . The cryptocurrency market just began to growth and Ethereum is most popular altcoin in the market now.
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