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1  Economy / Trading Discussion / Re: Better investement right now, bitcoins or Altcoins. on: August 14, 2017, 06:21:49 PM
If I planned on buying some coins today. Which would be the better long term investment, and why?

As this is in the Trading Discussion I'd say it doesn't matter whether you buy bitcoin or high quality altcoins. If you will be trading anyway then you'll be selling alts as bitcoin rises and selling bitcoin as alts rise, so you'll constantly be switching between bitcoin and alts anyway.
2  Economy / Trading Discussion / Re: BUY high sell low ? on: August 14, 2017, 06:07:42 PM
Often FOMO is the reason for buying high and Panic is the reason for selling low.

If a coin is shooting up then people try to buy in to make a profit. But if a coin has already been rising rapidly for some time it always falls back some - so people who buy too late find it suddenly starts dropping and they panic that they bought at too high a price and they want to sell quick to cut their losses.

So selling low can be a consequence of buying high, as you know you made one bad decision to buy too late and don't want to make another by selling too late - but not realising that a panicked early sell is also a mistake.
3  Alternate cryptocurrencies / Speculation (Altcoins) / Re: <<Cheap a currency>> on: August 14, 2017, 05:58:49 PM
Definitely do your own research so that you understand where you are putting your money.
But if you really want to put money into cryptocurrency and don't want to do any research or follow developments, then you would have to go with bitcoin. Just because it's more likely than anything else to still be there in 5 years' time.
4  Economy / Trading Discussion / Re: Day trade or Hodling on: August 13, 2017, 09:13:05 PM
but if you don't know what you're doing you're better off just buying a coin you like and holding and forgetting about it for months/years.

It's very difficult to completely forget about whatever asset you invest in when you're highly involved in that specific market. One way or another, you will always end up finding out what the price is doing. If you can't just leave your investment aside without touching it, and especially if you don't know what you're doing, then you're better off not investing at all. Blindly trading or investing always ends up with losses in the long term.

I see what you mean, if you're asking the question whether to trade or hold, then you're the sort of person who will end up checking the price anyway. But there are other people who just buy bitcoin and then check back a couple of times a year. I know people who do this. But I suppose with alts it's different, especially if they're smaller more volatile alts that could just turn to $0.
5  Economy / Speculation / Re: Bitcoin is going slowly to 40,000$ and more on: August 13, 2017, 07:11:41 PM
I'm sure it will hit $40,000. But I have absolutely no idea of when that might be. I can't say 1 year or 5 years.
6  Economy / Trading Discussion / Re: Day trade or Hodling on: August 13, 2017, 04:44:16 PM
I would just like to hear your opinions, Which is more profitable, Day Trading where you can profit through buying the dips and selling when it pumps repeatedly, or Long term HODLing where you buy the dip and only sell it when it goes up 5 to 10 times its price value?


Trading depends in part on skill and part on luck. If you know what you're doing you can make a huge profit but if you don't know what you're doing you're better off just buying a coin you like and holding and forgetting about it for months/years.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you know AnalCoin? on: August 13, 2017, 03:18:20 PM
I would never put money into a coin with such a stupid name. Really can't be bothered to research it. Presume it's either a joke or an attempt to link cryptocurrency to the porn industry. Either way the name is juvenile and says a lot about the developers (I said "the developers", I was going to say "the people behind it").
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