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My trading mentor said that I should not believe to the trading tips about the right time of purchasing a token. You will probably lose your money if you will follow the tips of fake gurus in the internet. It is better if you will just trust yourself.
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I'm a day trader and I do not hold coins in a long time. I'm a trader where I am comfortable to hold coins in just a day. Follow the strategy that suits to you, I think you are doing fomo now because you do not want to miss the momentum and that's why you want to follow the flow. xrp is good in short term investment but in a long term investment; i do not think so.
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I do not believe in recommendation of other people and that's why I only trust my decision. You can find out what is better investment decision that you could make if you will study. Being self sufficient is also good.
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It's hard to invest in a new coin with the so many scam reports about new coins, they are promising a lot giving a new concept and making huge promotion about their coin, so you'll just invest in their coin
How Sure Are You That You Invested In A Right New Coin?
It is now risky to invest in new altcoins because most of the new altcoins are dumping after it got listed in an exchange. I've been trading for so long and for me it is better if we will buy coins that have good historical movements. I always checking the developers of the coin before I buy a coin, I also consider its community because its value depends on the demand in the market. There are a lot of factors that we should study first before we make invest in their coin. |
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There is no one who can predict what will happen to the price of the cryptocurrencies, do not believe to those people who predicting the price even though they are popular people. They are just speculating the price of the cryptocurrencies.
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Investing in many altcoins is a risky task because you can't manage it very well. You need a lot of time and effort for you to manage your portfolio very well. It is better if your portfolio will be lesser.
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If you failed then try again! Failing is part of the process, you should trust the process no matter what! I'm a trader and I often to make mistakes and for me it is good because I learned a lot of lessons from my mistakes.
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You should be aware that there are professional traders who can earn money from bitcoin even it is in bearish market. You have still chance to make money from bitcoin, practice and experience are the keys to become a good bitcoin trader.
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You should not just trust the project because it is managing by a legendary member, you should trust a project if they are offering good product that can survive in current market challenges and it has a great team behind that have high credentials.
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As a investor, we should have patience when we are doing investments. Lack of patience is one of the factors why there are many investors who losing their money. We should improve it and we should remove our greediness when it comes to money.
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After I've read an article that saying people who participating in KYC have a high risks on being sold their identity on the black market. I do not now provide my information in KYC for my safety purposes.
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There are trader who often to buy new coins because of speculations. They have hope that they will get high return because they expect that the coin that they bought will become expensive.
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We know that Bitcoin celebrated its 10th year anniversary this year and for the past many years so many things had happened especially with the birth of this new and trending cryptocurrency industry. In a short period (as compared to the fiat currencies we have around) of time, Bitcoin was able to achieve many things. Yes, Bitcoin is not perfect and maybe it will never be but with its accomplishments at hand, we have a lot to celebrate actually.
Now, Bitcoin is starting its journey for the next 10 years. There are many challenges and maybe even negative developments that can severely affects its viability but at the end of the day I am sure that Bitcoin can be able to weather them all.
How do you see Bitcoin 10 years from today?
We cannot predict what will happen in the next 10 years but we can forecast what will happen. Right now, there bitcoin is becoming more valuable due to the high demand. There are now people that are really interested to learn how to use it. |
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hi guys do u prefer short or long term investing in crypto i prefer short term only i just buying a coin for ex at 20 and sold at 21 or buy at 60 sold 61 in the same day i don't like long term investing because it take too long and finally that coin can fall even peoples who bought ETH at 0.03 or more they are in big lost now and even BNB some peoples bought at 0.003 or even 0.004 i know that some coins can raise in the future but i don't think we have to hold coins for yeras when u can make in this periode thousands of dollars in short term investments i remember when i make 1700$ in hours with NLC2 its a shit coin true with price of 20 sat now but i don't care because i didn't hold it i just checked its chart and i found it falling to 800 sat and raising to 900 in seconds so i bought it many times at 800 and i sold it 900 and i make 1700$ i less then two hours  what i want to say is why u holding coins for a year when u can make at least 25 - 50$ in a day with only 0.15 - 0.20 BTC this means 50*365=18250$ Short term investment is mote suitable for me than long term investment. I'm an active trade and that's why I prefer short term. Short term is more risky but it is more worth it for me. |
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For me now, there is still no sign of a market reversal so we should expect that the bear market will still occur. The market has a life cycle so it is a reality that the bull will come but it will take more years so let's be patient. |
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As an investor, i cannot participate in IEO conducted by small and new exchanges. The main reason why IEOs are preferred to ICOs is because they are more prone to scam than ICOs, and this is because the exchange validates its legality with their reputation. Imagine Binance or any top exchange conducting a scam project, it will jeopardize their integrity, and these exchanges do not want their integrity in question, so they only offer legit and promising projects IEO. New exchanges do not have the reputation to validate a project, they are just after the profit, SO they might promote a scam project either intentionally or unintentionally.
There is a high risks in making investment in IEO and ICOs so it is better if we will stay out of it. There are now many people who got scammed specially in ICOs and it is the reason why we should be smart when we are investing. |
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Just like i used to include in my points that scammers is the main problem crypto is facing presently i come across this news on the internet today about how scammers keep on contrarily influence the digital currencies. As indicated by Changpeng Zhao, the CEO and originator of Binance, there are in excess of 1,500 Binance con artists on the expert informal community LinkedIn. The quantity of Binance scammers on LinkedIn can in the end arrive at 1,605. Now imagine how big scammers are damaging crypto Full news here https://usethebitcoin.com/beware-of-crypto-scammers-1500-scammers-impersonate-binance-on-linkedin/It is inevitable, scammers are really exist in cryptocurrency market and also in financial market. People are so greedy in terms of money and that why they are creating scam project for their own sake. |
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that in the past ICO projects performed very well if they used ERC20 tokens or projects built on established platforms. because it has the potential to grow well and reduce risk when compared to creating new technology. but now on the contrary I don't see ICO functioning properly even though it's built on an existing platform like ERC20.
I will not blame the platform because the platform has been built in such a way, but I will blame the developer, Why? because most developers have misused this for crypto schemes to get rich and most project failures are based on the background of developers who do not have extensive knowledge and deliberately tarnish the ICO project's bad image.
Many people nowadays are not trusting the ICOs anymore because the most of the developers have tarnished it due to theur greediness. Actually, there are now few ICOs that are good in making investments. |
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Things why a person can easily get scammed in crypto-world
1. Greed
2. No knowledge about the project
3. Trust
This are the three main reason why they get easily scam
Greed, because there are a lot of promise by the campaign and the developer we easily believe that its true
investing a lot of money in the project that is garbage.
No knowledge also is the second reason because of the trend they just go and invest without any knowledge of the said project
Trust because they trust the people in the project which sometimes pretends that the person is a member of the project
they can easily decieved that once they invest , they will soon find out that the person is just impersonating , and not really
what all expected.
There are people who only make investment because they friends tells them to do investment in that particular project. Lack of knowledge is really the main problem why there are people who still lose their money from scammers. |
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I do not speculate bitcoins, I do not also use fundamental analysis. I'm a technician where I use technical analysis when I'm trading. I'm not worrying about the price of the bitcoin because I think it is normal in a market cycle.
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