Yes patience is the key but not just patience hard work, consistency and focus is what one needs to get through this also one has to be well informed that keeps you equipped thanks
You are right. Patience is indispensable in this current market, couple with self-discipline. Also without the other keys that you've mentioned, it becomes easier to fall for anything and lose everything during this period. Thanks for bringing this up.
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One of the Don'ts of trading is never to leave assets/coins on any exchange — no exchange is beyond hacking. Nevertheless deal with the ones that have proven themselves to be reliable and credible. Other criterium to watchout for is good and responsive customer service.
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Target no yet reached - so am still holding. Moreso I don't get moved by a little blink of green. It is better to be certain of the bull run. Again, what if one sell now thinking it is green and few minutes later the bull starts real running. Am still living with similar regrets.
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Mistake of many investors or crypto newbies: investing their life savings and taking loans to invest in cryptocurrencies thinking it would double over night —having no clue that the long winter is bound to come, that long bearish market are part of experience. Whereas one can earn in this space without investing anything except time and energy.
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Yes, bull run can be surprising. Just don't be caught at the wrong place or wrong hour. But come to think of it, the market is getting mature day by day and when the bull run starts, it might not be surprising — it is what everyone is waiting for.
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I don't need to watch the video. I'm used to seeing Tone's predictions and analysis as he is hell bent on BTC below $5k and even <$1300. Once expressed his wish/hatred to see ETH at $1. Left to me, I would leave the market to decide the fate of BTC. However the higher it goes, the better it is for the market
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I think those people are saying that just because they want you to dump so that they can buy. Maybe you should stop reading their posts and focus on what you believe. Bitcoin is going nowhere.
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Most projects requesting KYC for airdrops do claim it is to prevent multiple entries, but one can't really know their true intentions. So the risk is high for something that worth almost nothing. Sad thing is after completing the process, some projects will still end up rejecting one's KYC. Once KYC is involved, I let it pass.
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It is a good thing to know the end product of one's donation, it brings a however if we continue to have these bad feelings as touching the usage of what we donate, we may end up not giving at all. Like a member mentioned already, let's look inward and around and attend to that person who is deeply in need before sending help through charity to someone miles away.
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Just wondering what the price was when OP asked this question. I'm sure it wasn't this low. If only we can be accurate in our predictions and guess-work. I think then (March) was the best time, while now (October) is the right best time. However be ready to hold if things go south.
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Of all the three markets mentioned above, I have tried to invest in all at one point, but didn't except in crypto market. After reading and doing my homework, just with little technical know-how, I discovered it is much more easier to profit in crypto than in the other markets. As a calm and patient newbie, one can profit hugely in crypto without investing money; all what is needed is time and energy, of which it is the same for both stock market and forex. These two definitely involve capital investments.
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I have similar observations about these statements of yours in the article:
"There were times when FUD already lowered the price a lot and them some more bad news appeared. On bitcointalk, there was even a discussion on why the news about China closing more than 100 exchanges didn’t make any difference. The answer is that the price reached its minimum before that."
As against the common experience this period last year, a wave of good/bad news would have exploded the market in respective direction. However, the case is different this season; the fact is that the market is becoming more resistant to breaking news and all kinds of FUD. And like you said no one is ready to sell less or at loss no matter what the case may be, leading to more stability. I think this is one big advantage of bearish market.
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The simple thing is this: daily gains, huge profits, quick money and fear of missing out drove many to this space without understanding the underlying concept that uphold cryptocurrency — the blockchain. While all eyes are on market performance, I think emphasis should be on adoption which can be done by educating people on fundamentals of blockchain.
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One of the characteristics/features of Bitcoin is volatility. The price can be highly unstable. This is caused by the two factors: demand and supply. Once the demand is high, we expect increase in price. However when supply is high and demand is low, then we'll experience a fall in price. These factors can come into play at any time creating more instability in price. In addition, the market is still young and highly prone to manipulation leading to more instability. For the near future, I don't think instability can be removed from the picture — it is one of the beauties of bitcoin. Best thing to do is to grab the opportunities that come with it.
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I have no particular strategy. I simply don't like selling my bounty tokens below ICO price. As most of these projects are still struggling to maintain price level while none is closer to its ico price, I am holding them all.
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From a technological standpoint, opportunities abounds in crypto, considering the potentials and the performance of blockchain itself. But not without its own risk. This is evident when investment or trade goes wrong. Likewise if some countries can't contain the possible consequences of crypto, it can be a danger for such countries. Nevertheless the opportunities outweighs the danger.
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I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.
After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
This is a decentralized space and little or nothing can be done to curb more coins from coming out. But with time, fake projects and coins without use case will definitely fade away. Many coins won't survive this current market situation.
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If one knows his/her way around the two, I think both are profitable. A trader, knowledgeable in risk management with good experience and workable strategy stands many chances to gain from his trades, and likewise, a bounty hunter with strong eyes for good project also stand a chance of earning hugely from campaigns. Then, looking at the risk level, I wouldn't say that both are not with their risk factor. One can lose everything: money, time and energy in both. Just do both or pick what works for you.
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Definitely the next bull is coming. We just don't know when it will be. But for now, let's forget about ETFs. Cryptocurrency has survive till this moment without them. However an approval will be of great advantage to the overall market performance.
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Far from it. No Altcoin is taking the crown. Apart from being the first and oldest cryptocurrency, Bitcoin has gone through the thick and thin and have stood the test of financial time to establish itself among the big financial elites. There is no crypto discussion without mentioning bitcoin because it is the door by which other cryptocurrencies came into existence. In short, bitcoin is not giving away its crown.
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