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It all depends on how much the trader is good. I think that just on trading you can not earn millions, but on a crypto topic it's possible. I think that really good traders who perfectly master all the methods of studying the market can also earn millions, but I think that there are not many such traders. Because in order to make millions, you need the appropriate investment, knowledge and skills.
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Sometimes when buying coins, I use this strategy. I buy, and then sell 75% of coins (at a price that includes the cost of 100% of coins + 5-25% of the total amount). The remaining 25% of the coins remain hold. But this tactic is not always suitable. Because there is no point in leaving bad coins. It's better if you can earn money on some shit coin, buy it and sell it at a high price. And more to this coin don't return until there is an opportunity to buy it quickly, sell it and make money on it.
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Most likely it will. This list includes NEO. I think that in the future, first of all, behind blockchains and exchange coins. Also, I think that state crypto currencies will gradually appear. Bitcoin, most likely will become a some kind of collector's item. On the basis of ether and neo, shit coin will continue to be produced, and a few more of their competitors will also appear.
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All these exclamations, it's just a hope intertwined with a sense of humor (or ignorance). Everyone determines for himself this point. Also each coin has its own maximum point (in some period). So, for example, coin A can't reach a price higher than x2 for some fundamental reasons, and coin B can easily fly up to x20. Nobody can predict this high point for earlier.
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Do you really think that having only $ 100 you can have a passive daily income? Of course, you can have some minimum income, but it's a trifle.
You can do daily trading, then you will have a chance to increase your coins and earn accordingly. But this method does not suit you, because you want to receive a passive income.
You can buy good coins for a long term trade but it doesn't bring daily income.
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If there is only a choice, then of these two I would recommend bitcoin. But a more reasonable option would be to invest in bitcoin and ether. It would be better yet, if you choose ether, bitcoin plus another 1-2 coins. So you can diversify your investments. Now is a very good situation for investing.
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Michael Novogratz at the conference on crypto-currencies in New York made an ambiguous statement, calling the crypto currency "a massive bubble." "This will be the largest bubble of our time," he stressed, adding that bubbles are often inflated around the right things. "Bitcoin will win the battle as a means of accumulating capital," the investor is sure.
In an interview with Quartz, the co-founder of the Ethereum project, Joseph Lubin, acknowledged that modern crypto currencies form a bubble that will burst sooner or later. But this has more pluses than minuses. "Over time, there will be more such bubbles and they will be larger. They attract attention and give the ecosystem value. And the value, in turn, is recognized by software developers and enterprises. As a result, new projects are emerging, a new financial architecture is being formed" Lubin explained his point of view.
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Of course. Now is the best time to buy altcoins. The price of bitcoin in the flat, 53% bitcoin domination, I think that the pamp will soon be waiting for us. Of course, nothing can be said for sure, but I'm now buying altcoins, so that then I would not regret, when their price starts to grow rapidly.
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Before the commission had postponed ETF bitcoin, I expected the growth rate of bitcoin. I also expected that after the growth of bitcoin, the altcoins would also begin to grow. But the consideration of ETF bitcoin was postponed, so many of us were disappointed.
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I think that you are right. The crypto currency opens up new horizons for people, but ... But there are those who simply earn huge sums of money on this. They dictate their rules to us, we are just puppets in their hands. They drive people into a difficult psychological state, in which a person can no longer soberly think.
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Ether - this is a good coin for long term trading. I don't know what future the coin awaits in 10 years. Therefore, I would recommend constantly monitoring the news and the situation on the market. Since the crypto sphere is something new and unpredictable, it needs to be well controlled. Still I would recommend to invest not in one coin, but in several. For example, now, the price for bitcoin is low, so you can consider investing in bitcoin as well.
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No, this is unrealistic in the near future. To ensure that the ether reaches $1000, certain conditions are necessary, and unfortunately, they are not available now. But I'm sure that after a while we will definitely see such a price. So just get warm.
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As far as I understood from the question, you participated in several ICO in December and have already recovered some of your money. Now you just want to earn more?
Now the market is in a difficult situation. And if you do'nt have the experience of daily trading, then you will simply lose all your money. The best option for you will be to invest in bitcoin and ether. After some time they will definitely grow. About the other coins I can't say anything definite. Most likely you are not a very experienced trader, so it will be difficult for you to choose other coins for investment and properly dispose of them. So just buy bitcoin and ether.
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If you plan to constantly trade your coins, then it is better to store them on the wallet of the exchange. Of course, for this you need to use several exchanges (on different exchanges there are different prices for coins, so sometimes it is more profitable to buy and sell on different exchanges + exchanges sometimes go for maintenance and you will not have access to your coins).
If you don't plan to trade constantly, then it's best to store your coins on your wallet.
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The best coin for long term trading is bitcoin.
1. Limited emission.
2. Lack of control. Bitcoin can't be controlled by major miners, nor by developers, nor by business or the state
3. The Lindy effect. With each new day, the reliability of bitcoin grows with the growth of the network effect. According to the Lindy effect, the life expectancy of non-spoiling things (technologies or ideas) is proportional to their current age, so that each new decade strengthens the chances of survival.
4. Bitcoin is the first and the most "strong" crypto currency with the highest hashed. The project has been buried more than 300 times, but it still works with 99.99% uptime.
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A good medium term investment will be both options. Now excellent prices for buying, so you can buy. The market has long been in a downtrend, so in the medium term, you can count on its rise. If you plan to invest in crypto currency, bitcoin will be an excellent solution. As for the altcoins, they will also grow after bitcoin, the main thing is to approach the choice of coins intelligently. It is best to choose the coins from the top 30.
I think that at this point you should not buy or invest in altcoin and altcoin, you can see that bitcoin and altcoin prices are constantly decreasing in the past few days, so I believe that this time you should just head short term and day trading. The market is in the downtrend stage so the bitcoin price will probably drop sharply in the near future and consequently the altcoin price will drop accordingly, you invest at the moment the risk will be very high. Now day trading for the beginner is the beginning of the end. In a bear market it is very hard to learn how to earn money. Therefore, day trading is not an option. The best option now will be only medium term and long term trade. You're right that prices are now falling. And now it's hard to predict where the bottom will be. Therefore, you don't need to sit and wait for the price to drop by another $50 (of course, it may become lower and $500). It is necessary to think about a common goal. If the goal is to earn after a while, then you need to buy now. After all, really earn those who hold (of course, promising coins). |
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I don't want to upset you, but I think that in December there will be no pamp (such as was in 2017). For several months everyone has been repeating that in December there will be a pamp, everyone believes it in a holy way. I think that it will not be for this pamp, everyone hopes too much for it. Maybe sooner or later, but not in December.
I just like you all hope that soon bitcoin will begin its growth. Everyone expected that in the middle of August there will be an ETF, but it was postponed to September. The market is sad again ... Let's see what will happen in September, and then we will discuss what awaits us in December.
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Wow, stop! This is too high a price for bitcoin at this stage. We are still in the downtrend. People are already tired of this, they are frightened, many sell their coins several times cheaper than purchases. Of course, after a while the price will recover and begin to grow, but not to $ 50k this year. I think that most are not ready to buy bitcoin at this price. I expect 15k $ by the end of the year. Time will tell who of us is right ...
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