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For this, you can consult your friends or relatives who have information about the crypto market. And second option is that you can choose 10-15 coins of your choice and you can invest in one of them you feel better.
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I think until the market is completely cured,I can hold our coin.And as far as I have thought, prices do not go up. I will keep my coins till then and as soon as the market rises, I will sell my coins in the market.
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A lot of uses can be used to promote bitcoin. Well, I often talk about bitcoin between my friends and those who know me a long time ago when I was not in such a good condition even then and when I am in good condition today, then people Ask about Bitcoin and are interested in it for.
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Well many wallets are in the market. You can also like a modern wallet. In the beginning you can check the security of your wallet. The security of your earnings is that you do not share your private key with anyone and keep it secret. You can also copy the copy of your private key.
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For me, when the market is at the lower level then i hold my coins, until the market will bounce back and my desired price will not come, till then i hold them and as soon as the market reaches the price on my required price, then without thinking else, i sell it.
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Definitely it is a great advice and i am agree with you that this is probably the best time to buy crypto coins at this very cheap price. Coins purchased at this time can give you a big profit in future because very good promising coins are available at cheap price right now.
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In fact it is impossible to say which is better in future. But still I think it would be better to buy Bitcoin, because it is the king of all crypto currencies even Ethereum follow him. And due to popularity and biggest almost 52% market cap, i recommend Bitcoin to hold, than it can give us much more profits than any other altcoins.
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I have same to same strategy like you. I divide my portfolio coins in 50-50 ratio, where i trade 50% coins for my present expenses and balance 50% coins hold for long term for my future things. Right now when all market is in downfall condition, so i don't want to sell anything now, and also not recommends anyone for selling there coins because definitely very soon market will recovers and everyone will be in good situation.
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In my country crypto currency is in uncertain condition because our Government was stops investing and withdrawing funds, which are come by crypto currencies, but they doesn't banned crypto currencies right now. In my country it is completely depending on Supreme court decision. We hope that soon court give positive decision and it legalized with guidelines and taxation. And we will trade crypto currencies with free mind & atmosphere.
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I think newbies need to be patient and they should not be worried with any news, as we all know that the everything in this crypto market is unstable. Here the person who done their work with patience, do some proper research about coins and invest in good promising coins, than definitely he could earns a good profit by there portfolio coins. So according to me they will stay calm and be patience then they will be able to gain great profits.
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Nobody ensure and knows that why there is such a bad downfall situation in the crypto currency market. But according to me there are some reasons which effect market growth and reasons are: Crypto currency ban from many countries, sellers which are more than buyers, Crypto currency rules from around the world and big whale's of withdraw its all funds at any price.
I think there are more reasons but for me these are the main reasons.
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I am fully confidence with crypto currencies. As everybody knows right now market is very down from its highest level but this is a market of up & down. If it is down but very soon it will reach on all time high position. And i have confidence that this is the only place from where i can fullfil my dreams. But to get profit from it then we need patience because one day definitely it will rise and i will become rich.
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In this worst condition of market, selling coins is a very wrong decision. I think this is the time to buy more coins and hold them till the market will bounce to its highest level and a little patience can probably give you good benefits. So hold your coins till market recovers.
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Unfortunately, today the situation is really bad compared to 2017. Even then I think it is all right,if we can work done with complete sincerity and hard work,then we can really be profit earn good from here.
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