Trading financial instrument , derivatives have high risk , and having full knowledge of risk management of position size is a key to make a quality decision. The fundamental impacts news can make you rich or rekt you especially when the hype in social media get built up. Many people lost their portfolio because of lack of market structure. Not every dip or rally you jump into. These is my view why many lost during this Bitcoin decline.
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There are lot notions around the number one digital currency investment. Potential investors from Wall Street think that it might not be the best for them to invest in Bitcoin. Some people skepticism arise a result of record exchange hacks and also lot of scammers in various social media platform. Financial expert advisor have different opinions about the bitcoin future despite the huge profit risk takers made during this year rally. What is your legit suggestion in investing into bitcoin base on the level of your exposure to the blockchain industry?
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@OP these types of questions is both a yes or no and it all depends on your risk tolerance and what kind of buyer are you. If you are planning to hodl Bitcoin this might not be the right time to buy it, yeah the price of Bitcoin may have temporarily drop and it may look like it is ready for another take off but the risk is still there and you might not really profit at all. If you are a trader and is just planning to profit in a 4-7% price change I think you can go in now and wait for that price action to happen.
I personally think that the future trend of Bitcoin has always been an upward trend. As the ZB.com research report said, the rise is related to the competition among institutions. So as institutions frantically join the Bitcoin market, $34,000 may be just the beginning. I don't need to say more about whether it is appropriate to enter the game now
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the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
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From the coinmarketcap, we could see lot of coins and tokens listed on daily basis. Some have potential to give investors good returns while some are just shitcoins that drain one hard earn money. This year is anticipated to be a bullish year for crypto, what is the best crypto you will stockpile outside Bitcoin. before the closed of the first half of the year.
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Novices only buy mainstream currencies, BTC, ETH, XRP, USDT, BCH, these are mainstream currencies. Then you must choose an exchange, such as big platforms like Binance, ZB.com, and Huobi. An established exchange has a high safety factor.
Novices should choose mainstream trading platforms, such as ZB.com, poloniex , kucoin etc OTC security merchants. Trade with caution. After all, large exchange websites have higher security attributes, and everyone’s funds and transactions are relatively more secure.
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looking at the high volatility of the alt season with Doge opening the floor gate for the alt season session. there are lot of risk involve in the market , for example pay attention to the exchanges you which to trade your prefer crypto currencies , that been said , liquidity of the exchange should be a looked into , because this determine the rate at which your orders such as buy or sell are executed , take for example you prefer to trade in an exchange that has low liquidity , if the price of BTC is at $38,000 and you wish to sell your holdings , due to low liquidity your asset might not be sold at that amount you want . so this should be what you need to be aware while applying risk management in this alt-season. supporting or contradicting opinions are welcome for discussion.
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Its time for altcoin If you want long term investment my choice is to hold TWT, BNB,ETH token These all coins have potential to high pump.
Bitcoin has great potential for appreciation, and its return on investment is the highest in the world. Therefore, i would prefer long-term investment, l read the ZB.com market research report to know when to buy and hold for profitability.
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Not all coins or tokens that come from the trading platform are eligible for the long term. some of the coins that come from platforms like TEN don't have a very good development. Their coins are traded at very cheap prices. The only good coins I see coming from the platform are BNB from Binance, OKB from OKEx, and HT from Huobi. other than that I don't believe the platform coins are any good in the long run.
I support ETH. Ethereum is almost impossible to break the chain after you choose a platform, it just makes less money. But Bitcoin is different. It may collapse at any time. And now some people are playing QETH on ZB.com. Its liquidity is guaranteed, Compared to the traditional eth, it was different. This 0.1ETH saves tens of thousands of yuan. And the node is maintained by the platform, and the income is issued according to ETH2.0.
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I personally think that the most suitable coin for long-term investment is Bitcoin. Bitcoin is an old currency. Moreover, Bitcoin has now broken its historical high, and the prospects must be good. It's time to go to ZB.com to buy more Bitcoin.
Yes, I think so too. For long-term investment, it must be Bitcoin. Bitcoin has experienced many plunges and surges, as well as management and control issues, but it still has come to the present firmly, indicating that it has passed the test of time. I also plan to go to ZB.com to stock up.
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Newbies who are just entering the field of cryptocurrency may not know what to buy. As a newcomer, you can choose platform currency. The platform currency is controlled by the exchange, and the development of the exchange is good, and the prospect of the platform currency is good. ZB is produced by the big platform ZB.com and has great potential for growth.
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Taking a look at the crypto industry, there are lot of potential crypto asset to invest into for a short and long term. But as an investors, long term is more preferable for me , from your opinion, what will be the best crypto asset that worth my hard earn money l can invest into for a long term. although bitcoin and ethereum are center of focus for big financial institutions such paypal and the rest of the fintech giants.
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There are other exchanges that trade this pair, l will like know if there is enough volume in zb.com exchange.
ZB.com has lot of volume base on my personal usage of the exchange. liquidity of asset is the main focus in trading any cryptocurrency pairs.
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By the way, OP it's a good analysis and looks like we are in a dead cat bounce phase if that's what you implying, not bad I have got your idea. Thanks for sharing it. But breaking that right shoulder resistance looks like BTC is looking for a new high.
price haven't break the price level that was spotted but if does then we going down just like as you said we been in ''dead cat''. altcoins are already bleeding due to XRP lawsuit by SEC.
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Alts were mostly affected this time. The plunge of bitcoin today was probably due to the covid 2.0 strains on UK which also made the stock markets plunge. Again, this will make other speculators to think that there's relation for bitcoin and stocks but sometimes it does and sometimes it doesn't. In your analysis, if it goes $19700, are you going to follow that shorting price? because there's a possibility that it will be a continuous plummet because of the new problem that has been reported and the markets are reacting accordingly.
what drive price action are fundamental impact news from one price level to another , looking at the chart from a 4-hour time frame perspective we could see multiple rejection at 22672. if the bears break this level , then my bias for short will be valid.
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this technical analysis is done in zb.com exchange where l took chart . bitcoin created a market structure of head an shoulder pattern. the left shoulder was created on the 18th to 19th of December. which lead to consolidation . A breakout of the consolidation hedge btc higher to print a fresh record high of $24282. Bitcoin consolidated which formed the head pattern. btc plunged yersterday and cool off the dump with another consolidation. this created the Right pattern since price created higher low. breaking the neckline at $22508 will lead to a probable sell off setup. the chart below feature short entry, target and stop loss.  this is my bias on bitcoin today. you can share your opinion.
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I never used conbase and zb but I often do trade on binance and according to my estimate binance is capable enough to dominate the crypto industry for a long time if the exchange keeps continue its current momentum of progress which looks not a big deal for this exchange.
coinbase listing of token has more impact for profitable returns. if you check out most pump that occur they are coinbase listing compare to binance . zb exchange pump silently too.
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Trading or investing hard money into crypto asset can be hard for newbies and even expert that control large financial portfolio looking at crypto exchanges. The crypto space is full of multi-dimensional exchanges, traders should take safety and liquidity as top priority in considering where to trade and invest cryptographic money into. Below are my research:
Coinbase is trusted, has very high liquidity but few trading pairs.
Binance is trusted, has high liquidity and many pairs for trading .
Zb.com is trusted and transparent, has extreme large liquidity due to china dominance, no track record of hacking activities.
These are my three recommended exchanges. Base on geopolitical sentiment , what exchange might dominate the Asian continent in the future?
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from findings , ETH 2.0 tends to ease the speed of transactions of ETH. we could remember during the 2017 bull run , there was delay in transaction of ETH which create some fears to newbie trading in exchanges such as binance , zb.com , poloniex as a against the narrative of speed of crypto transaction . solving a delay in transaction could be key benefit to investors.
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QETH has been listed on ZB Exchange and it has been trading with good volume. l don't really know much about QETH as a project but one thing l know is that it has a trading pair with stable coin such as USDT and QC in zb.com from what l found today. zb.com also supports 10x leverage trading which can be profitable for both long and short. what l need now is some fundamentals that can back up my trading decision with regards to QETH trading
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