Always take profits, because the market is too risky, we all know that crypto is very volatile, you should know how to take profits or how to stop when you always have loss on trading or some crypto things like investing in some ICO. Take profits is really the solution of the bear/bull markets problems.
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For me, specially when I started crypto , some of my banks here in the Philippines started to questioned me, they are very strict when it comes to crypto. They want me to come to their office and talk about my account, they ask where my funds are going or where they are from, and I told it that I am connected with crypto.
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Yeah, today is the birthday of Bitcoin. I am really glad Bitcoin still kicking despite of many FUD spreading, let's hope that it will continue, we all know that in the long term run, Bitcoin will never end. It will help the society on our daily lives.
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Has anyone found volatility in altcoins? I see the market very still and difficult to find opportunities for quick profits. Which exchange do you use for this type of trade?
For me, I am using Binance, because there are many altcoins in binance that have good volume, most of altcoins there are have good volume. Most of altcoins now are volatile, it's still risky to do some trades nowadays, choppy market.
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You don't need to hold for long term, if you already on profits, go cash out, go withdraw it from exchanges it and try to convert it to cash, try to taste your profits. Never ever get FOMO, specially when there are some news popping out everywhere, most of them are FUD or some are fake news.
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Exactly! You need to be careful, never store your bitcoins or other cryptocurrencies in the exchange, you need to move it to your personal wallet if you are planning to hold for long-term, because in most of the exchanges now are very risky, you don't hold the private keys of wallets.
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I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term? Thanks in advance.
Day trading is very risky, specially you are newbie, you need a lot of time for doing day trade, because doing day trade will lead you to lose, not unless if you always keep watching the chart and observing on it. Specially now, the market is really choppy. You need to consider that also.
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We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
For me, it is ok for having many exchanges but there are still many disadvantages of it, like for example it is very vulnerable for hackers and the good side of having too many exchanges are it will help the community to adapt the cryptocurrency. Exchanges with high volume is really amazing.
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Is it safe to manage multiple bitcoin wallets from one pc?
It's ok, as long as you have your private keys. The important there is your PC should be clean and secured, no viruses or any malicious files such as keylogger. Also, you can store your private keys offline, it is much secure. Or much better if you use cold wallets or hard wallets.
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For me, ethereum is one of the best altcoins nowadays. We should observe the support and resistance of ethereum, for me, ethereum still in the good buy opportunity. As you can see ethereum reached above $1,000 before. around January 2018. I still expecting for above $1,000 soon.
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I starting to accumulate ethereum now, because I believe that ethereum is one of the best project nowadays, they have many big updates incoming. Ethereum is really cheap right now, it is on the buy zone. For me, ethereum will help every businesses startups, because of their smart contract feature.
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Yes, ICO is one of the best investment in crypto but there is a very very big risk behind that. You should do first your research to the project you are investing in, there are many ICO nowadays that are scam. It is easy to create your own ICO, so you need to verify every people on their team before investing.
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For me is UNIBRIGHT, even UBT is still underdog now but they are very active for their project, they are very smart on their fields, specially for creating a blockchain project like Unibright, they already have many partners and they will still re-brand to new name of their project.
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Yes! Bitcoin is still the best for paypal, you don't need any more cards or banks to connect it to your paypal account to make payment for anyone. Because Bitcoin is decentralized, we don't need any banks to send payments, all we need is internet connection and our personal bitcoin wallet.
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You are right! Only strong will remain in this kind of game, we all know that Bitcoin is really the best for long term, even how many dips will happen to Bitcoin, we are still holding. Because we all know that in the long term run, we are all winners. That's the key!
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Why shouldn’t we be concerned? Seems like everyone on here is extremely confident will see a bounce back to the December highs and then surpass them, but this dip/crash is now 5 months long. So I’m curious as to why so many of you are confident?
Is there any wrong for being confident? It will help the crypto community, to help the community to grow, everyone will be bullish then that is very good for everyone. There's nothing wrong for being confident. Most of people in crypto community are still expecting for new highs.
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Yes. Bitcoin still the rank #1 in overall market cap. And for me, Bitcoin is the king of all cryptocurrency, no one can surpass Bitcoin. Bitcoin is the future payment, as of now, that's why the price of Bitcoin is still on dip, because of price correction and still many people spreading FUD about Bitcoin.
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Yes that is correct, but you should be able to buy those coins at the dip and you should do a research first, and you can hold most of the coins that are have high volume or market cap. Beware for some shitcoins, there are many shitcoins out there. So be careful, much better to invest only in Bitcoin.
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For me YES. Because there is no single people owned Bitcoin. Bitcoin is fully decentralized, that is the very special feature of Bitcoin, which I really really admire it. Anonymous transactions, not like using Bank which is really really risky to store our money in the banks.
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I'll go with short term, because in Long term, it's so risky, long term is only good for ICO. Short term is the best, for every dip, you will buy and for every peak, you can sell. No FOMO, that is my own opinion, and I also using that way, I don't do long term investments now, always take profits.
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