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Really learnt enough from what has happened in the crypto space in the year 2018. Going forward now I will never be greedy and takes whatever profits that I made in the first instance and leave the market. I have now known that there is no expert in the crypto world rather everyone is only making mere predictions. The market is not controlled by anyone but very volatile and not stable.
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Every project has their roadmap towards the development of the project but hardly will the holders of the coins adhere to or follow the roadmap. Everyone is in a hurry to sell off to make money and this will ultimately harm the project. If only we can exercise a little patient with our coin both investors and bounty hunters then most of the projects will survive.
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That is the key to successful crypto trading management, controlling your greed. You can do this when you are rooted in trading by learning the art of trading. You will have a trading plan every time you want to trade and stick to that plan. When you are such a trader you will win most of your trades and loses less because all the pitfalls for trading have been captured in your trading plan.
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That is the spirit my Brother. What economic sense does it make to sell off your coins at a loss? It is better to hold your coin and be patient as this is one of the major attributes of an experience crypto person. I am also holding some of my coins though on a loss for now but will hold to profits before selling it.
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This is a speculative market where the price is volatile and never stable any price either up or down is possible at any time. So there is a possibility for the price to go back to 2017 prices before the bearish year of 2018 came upon us. It was the same way in 2013 and after the bear, the bulls came and they were in the market till they rally us till 2017 where a new high was reached.
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Hold On for Dear Life (HODL) is for the experience crypto mind and not for the feeble minded. So it was in 2013 and a lot of crypto holders panicked and sold off even at a great loss then came 2017 when the veteran went to their bank smiling. Here we are again in 2018 with the market bleeding red and the situation of 2013 hitting us again, will you panic or Hodl to smile to your bank later. I will rather hodl.
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Thanks for this piece of information. I never know the origin of HODL though I have been using it since I came into this forum. It has come to mean what was the intention of the originator though he misspells the word HOLD. There is another eye-opener from this post which is 2013 was also a year that the crypto was sliding down meaning if after 2013 then come 2017, therefore, there will be another bull running year after 2018 for the crypto. So everyone should HODL their coins.
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I can not agree less with you, this advice is apt and correct. There is no point loving a coin than seeing profits in your wallet. It has been happening to newbies and veteran traders who are in love with a particular coin and refuse to deal when the time was appropriate and they are filled with regret now. Sell off when you are in profits and wait for another opportunity.
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Bitcoin is decentralized and cannot be controlled by any individual or bodies. But the actions of the holders of the coins is what is seen as the market reaction which now moves the market in the desired direction depending on the strength of the actions of the individuals. This is called market sentiments and it is responsible for price movement in the market.
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The coins listed here for 2019 investments are good moving coins I can't agree less with the poster and the analysis. The bearish market has made every coin beautiful to buy and hold as a profitable venture. Once the market price improves we will see the coins improves in their prices from whatever it is today. I think it is a good investment to make next year.
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The coins listed here for 2019 investments are good moving coins I can't agree less with the poster and the analysis. The bearish market has made every coin beautiful to buy and hold as a profitable venture. Once the market price improves we will see the coins improves in their prices from whatever it is today. I think it is a good investment to make next year.
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Cryptocuerrency is a speculative market and the market price will always be rising and falling. The market price can never be stable as this will be against it nature of volatility. This is the reason why the price is always correcting its self. We have been in the bearish market since the of the year 2018 and it is assumed that the bulls will soon take over the market and the price correction will take place.
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Bitcoin can not put an end to normal bank it is not possible because there are other functions of banks which bitcoin cannot do. Like issuing loans to their client and also selling government bills to raise funds for the government. Bitcoin has only broadened and offering an alternative to money but conveniently and digitally.
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The concept of the proponent of Bitcoin is novel and first of its kind. Their main priority was poor and the unbanked to financially empower such through the P2P transaction where the third party and their fees are eliminated. This will lead to more money in the hand of the poor. The government will not have the control over bitcoin because of it being decentralized.
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The more the merrier so even every country brings out their own cryptocurrency, their own coin will still have reference to bitcoin as a measure of value just like every other altcoin. Since the country will not be the sole user of their crypto so as others will exchange with them therefore that their crypto must be exchanged against bitcoin. Crypto has come to stay so Blockchain technology.
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You are free to choose whatever and however, you want to manage your finance but storing all your fund in BTC now is not the best financial decision anyone can make now as far as I am concerned. Hope you are looking at the value you have presently and compare it to what it was 6 weeks ago. If you are happy with the figures then keep holding.
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We have seen $3300 and still, hope we have not yet seen the bottom and we may still see the market breaking the $3000 level because I am hoping that the bottom will be around $2-$2500 before we can actually see the price reversal that we are expecting. This may happen within the first quarter of 2019 when the ETC of Brkkt will be effective.
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This is sharp business and very straight transaction. I think the only issues you will be having will be your bank who on noticing the frequency of the inflow will ask some question which your attention might be needed. You may likely be in some problems if your country is yet to adopt cryptocurrency so check and confirm the position of your country on crypto before you will be in a big problem.
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