I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.
So I'm wondering what is the best way to handle a downtrend situations?
It is to put a stop loss when you go to bed or have unexpected work. That is important, but there are no such functions in some trading platforms. Only Binance and Bitfinex have that functionality. You should only place orders to prevent losses in a reasonable way to avoid the market down slightly but you sell all your coins. |
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I hope in the recovery of the Crypto market in October. I believe in the future, the prices of many altcoins will increase dramatically by the end of 2018. Of course I do not expect the pumping of many whales, I just hope it grows slowly but surely.
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Looking at the current market, many people are disappointed in the market price, bitcoin prices stomping at the $ 7000 level, altcoin prices are falling deeply. Recent good news, however, shows that the market continues to grow and has great potential in the future. What would you do this time: Buy bitcoin, buy altcoin or do nothing?
Everyone's decision will be different and I think I'm working differently than many people. Many investors left the market when their portfolio lost more than 50% or 70%. But I still decided to stay, and I am planning to buy 4.6 Bitcoin to hold for 3 years. |
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Each transaction affects the cost of each altcoins. And that's a sign of manipulation, I think. Notice that each altcoin has a high volume of mutation, there will be a downward or significant rise.
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In my opinion, I think the Crypto market is just starting to develop. It is only being adapted by whales and blockchain technology is now beginning to expand throughout the world. There are a lot of companies that have responded to Bitcoin like BMW. |
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We know that there are many jobless people around world who’s suffering because they don’t have a job or they don’t qualified for the job they want.
if they know or someone introduce them about cryptocurrencies activities they have the opportunity to earn while at home or wherever they are, there are so many easiest ways to earn here , like Airdrops, bounty campaigns and many more, the only requirements here in cryptocurrency world is your knowledge and efforts,
no more resumes and any other documents to be needed.
When everyone knows about cryptocurrencies activities I think no more jobless people out there.
I dont think this is a great job. I'm not a person who values money well. I want to dedicate my strength to make the society better and receive good salaries. campaigns bounty paid to us pretty good salary, but I think it is not attractive to people like me. |
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Irrespective of problems encountered by crypto enthusiasts like fake icos, scammers and delay. I think ICO plays an important rule in execution of sound projects. So Without ICO, most coins find it difficult to raise funds to execute their project. Without ICO, coins or projects will find it difficult to advertise their project, without ICO, projects will find it difficult to reach the right audience, Etc.therefore I believe in ICO because it enable me to research, analyst and evaluate the potentials of that project. Do you also believe in ICO?
ICO is really needed for the present moment. Because now the market is bottoming out and it gives us more opportunities to grow better when the market rises. Although quality projects are not that great, I still believe in ICO projects in the future. Still waiting for a good project to be able to x3 properties.  |
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Poor people often make mistakes that they do not dare to change and do not know how to seize the opportunity. Not knowing the opportunities is one of the worst things I've ever known. Because many people are very intelligent but they are always shy about having a breakthrough in life. Their lives do not get good and good finances.
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After sleeping for so long, Ripple seems to be awake now and starts to run. Do you think it is now time for it to grow or is it just temporary? Many people are against it because they say that it is centralized but banks worldwide are pro Ripple. Does Ripple can go up to $100? What's your opinion about it?
I think that is unlikely. If $ 100 per XRP, it has reached over the value of the Amazon company. Amazon is operating worldwide and has been in operation for over 20 years and XRP can not reach that realm in a short time. |
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It is really a potential project and it is quite special compared to other projects. But I need to find out more about the team and the founder of the project, I need to make sure they are reputable. If they achieve my eligibility, I will definitely spend big on the SSTX project.
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COMPANIES IN JAPAN PAYING SALARY IN BITCOIN
This is very good for bitcoin and also altcoin if all contries like Japan become crypto friendly then crypto world be amazing for crypto lovers and many will become millionaire and billionaire
That's an interesting thing, and probably as much as they know the potential of Bitcoin and the Crypto market. Japan is also the first country to detect Blockchain technology so businesses are already supporting the development of this technology. that was amazing. |
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I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.
Profitable investments or losses will be entirely based on your self. If you have read the stock investment book on Nicolas Darvas then you will understand that. Four professional investors have invested in him and all of them are at a loss. So instead of asking others about how to invest, you should cultivate your knowledge. |
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I was wondering if there is a required amount of bitcoins you need to have before you start trading? Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?
that is absolutely true. You need a stable income before investing in Bitcoin. Because this is a potential currency, it is growing and your profitability will be longer. So you need a reasonable spending plan to invest without worrying. That is what you should do before long term investment. |
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I bought bitcoin when it was around $14,500 in January and I am still holding because I am not discouraged. I have great hope that bitcoin is going to increase in price and volume in some years to come.
I think that is a good investment. You are trusting Bitcoin and Crypto, keep this positive thinking up until the bitcoin increases to $ 20k back. I believe that will happen soon. Blockchain technology will soon be used throughout the world. |
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ETH TO 100$ Soon, Sell now.
Your thoughts are negative and I do not agree with that. Although the market is falling, ETH can not have such a low price. Selling now will make us hole and only make the shark richer. |
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hello, just curious about your thoughts on the current market sentiment, do you think we're going back up to 8k levels?
I think that will happen soon because the Crypto market is getting a lot of attention from the big business. We have found that the market is growing and that 8k $ per bitcoin is an easy thing to happen. |
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Everyone knows that, but the government is blocking the world from connecting with Blockchain. This technology is really good but it is being exploited by bad sectors. So that's why it grows slowly. However, it will soon be applied in some large enterprises.
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Everybody keeps on saying scam scam scam for all of these ICO's. 90% of them are crap, yes. BUT there is the 10% of them, like vector, who are absolutely not scams. They are good projects that will really help the crypto community grow and its not fair to call an ICO a scam until you have actually researched it and you are sure it is a scam. Just my two satoshis... I do not think the ICO projects are completely fraudulent. I think that this market still has many ICOs not fraudulent but it is not really good now. ICO projects are having problems with the idea and price of the token. The market has gone down quite a lot and that makes the value of the tokens drastically reduced and they will not be able to fulfill their plans. |
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Is buying BTC currently a good idea, or should I be going with ethereum?
Pls suggest...
If you are not ready to buy BTC, I advise you not to buy. Even though it's a potentially profitable altcoin for you but when you're not ready, things are useless. So you need to know what to do with your life at the moment, but I encourage you to invest now because the price is cheap. |
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The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?
Creating a new electronic money is also a good decision because if that business can survive for years in the Crypto market, it will grow beyond the likes of LTC, EOS and Dogecoin. This is a potential market and offers many good opportunities for startups. That is why more and more ICO projects are launched. |
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