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How long should we hold coins? In the past 3 weeks, despite all the risks, many investors have hold a large number of coins such as TRX, XVG, XRP, ADA, etc. ranging from good to bad coins including DGB, DOGE.
Getting back a little bit with the psychology of human beings: we are always afraid but very pleasure when others talk about profit. When some coin prices are falling, you only see the negative things in it: "It will surely keep falling, so it’s better to stay away". When it turns back up: "It will plunge again sooner or later?" But when it's high up then: "It will no longer fall".
As an investor, you will have to understand a coin before investing money in it. You should evaluate and consider everything before making the decision to buy and hold for a long term (for 6 months to 1 year , or at least 3 months for the most impatient investors). Because one cycle of increase / decrease of a coin usually lasts for 2 months, understanding coin will give you confidence, psychological preparedness before facing the falling prices
The criteria to assess a coin: 1. General information about that coin 2. The purpose of generating the coin 3. The dev team (do more or say much)? 4. What is the current product? In what stage? 5. Are there existing customers? Potential customers? 6. Vision of future coin? Is it realistic or just expressed in words? 7. Scalability? Can it be accepted by the public? Is it possible to apply to everyday life?
I spend little time tracking the prices. Most of the time is spent on reading news, evaluating coins to make investment decisions. I also spend only 10-15 minutes on technical analysis (It’s not because I view it as unimportant, I’m just get used to it). As a result, I have bought a lot of coin at a very good price. I bought when you were there saying: how can it increase again. I left you far behind, at present, it is greatly safe for all my investments because my investment value has increased by several to tens of times.
You can say whatever in case of rising price, even when you invest in shitcoin. However, when the price falls this low, my balance seems to keep stable thanks to my calculation and comprehensive knowledge about coins. Once investing in a coin, I strongly believe in its future. I choose the right time to buy more coins without any fear of risk!
So how long to hold coins? The answer is that you go learn more thoroughly and comprehensively about the coins you want to invest in and make your decisions.
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How long should we hold coins? In the past 3 weeks, despite all the risks, many investors have hold a large number of coins such as TRX, XVG, XRP, ADA, etc. ranging from good to bad coins including DGB, DOGE.
Getting back a little bit with the psychology of human beings: we are always afraid but very pleasure when others talk about profit. When some coin prices are falling, you only see the negative things in it: "It will surely keep falling, so it’s better to stay away". When it turns back up: "It will plunge again sooner or later?" But when it's high up then: "It will no longer fall".
As an investor, you will have to understand a coin before investing money in it. You should evaluate and consider everything before making the decision to buy and hold for a long term (for 6 months to 1 year , or at least 3 months for the most impatient investors). Because one cycle of increase / decrease of a coin usually lasts for 2 months, understanding coin will give you confidence, psychological preparedness before facing the falling prices
The criteria to assess a coin: 1. General information about that coin 2. The purpose of generating the coin 3. The dev team (do more or say much)? 4. What is the current product? In what stage? 5. Are there existing customers? Potential customers? 6. Vision of future coin? Is it realistic or just expressed in words? 7. Scalability? Can it be accepted by the public? Is it possible to apply to everyday life?
I spend little time tracking the prices. Most of the time is spent on reading news, evaluating coins to make investment decisions. I also spend only 10-15 minutes on technical analysis (It’s not because I view it as unimportant, I’m just get used to it). As a result, I have bought a lot of coin at a very good price. I bought when you were there saying: how can it increase again. I left you far behind, at present, it is greatly safe for all my investments because my investment value has increased by several to tens of times.
You can say whatever in case of rising price, even when you invest in shitcoin. However, when the price falls this low, my balance seems to keep stable thanks to my calculation and comprehensive knowledge about coins. Once investing in a coin, I strongly believe in its future. I choose the right time to buy more coins without any fear of risk!
So how long to hold coins? The answer is that you go learn more thoroughly and comprehensively about the coins you want to invest in and make your decisions.
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Signs of ups and downs in coin price and time to buy
It's extremely important to forecast the price trend and choose the right time to buy. Timing is almost everything, and any failure in it will cause you losses. Below are some ways to know the right time to buy, which can be applied to both short term and long term trading.
1. Newly listed coins In case of coins that are still in their ICO phase, you should keep track of their schedule, white papers to see when they are listed and what exchanges to be listed on. New coins are often strongly pulled, so it's recommended to buy before the listing on exchanges. When the coin is listed on the big exchanges like Bithum, Polo or Bitrrex, the price may sharply increase. For example, Zec price on Bithumb was pulled to $ 400 then reduced to $ 200.
2. News on Twitter This is a very important source of information where both good and bad news is updated quickly. Search for the phrase BTC on the seach box, and you will be provided with a lot of news about bitcoin. Also, the Dev team will post news about their coins on Twitter, making it the fastest information channel to make the purchase decision.
3. Determine the cycle. Coins often follow a cycle of some days or hours if there's no positive or negative news. Pay attention to the chart for 2-3 cycles and you can anticipate the trend by yourselves. Knowing this rule, you can buy and sell in 2-3 cycles and stand a good chance of earning 10 - 15% profits.
Note: If you notice a 1 - 3% decrease in the market, you should hold. Place the Sell Limit order at 5% in case you cannot keep track regularly to keep your capital safe.
GOOD LUCK!
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Being a trader without hearing about George Soros is such a shortcoming, just like making an entry to the playground without knowing the "big boss".
Here are some outstanding "achievements" of the boss:
The Bank of England breaker who pocketed $1 billion in just a few days by betting against the British pound. Known by the name "Black Wednesday", this is considered the greatest trade in history. Involvement in Asian Economic Crisis in 1997. And a series of trades which left the market in a complete mess. In general, Soros is highly sensitive to the huge trades. Of course he lost as well, but seeing how he drove his life from a poor Jewish immigrant to a billionaire, one can hardly fail to realize his brilliant mind.
According to Bloomberg, his $26 billion fund has just entered cryptocurrency trading. George Soros once called crypto market "the bubble market." I remember reading a comment somewhere that it's his philosophy to make the bubble burst when he gets the sight of it. So when Soros enters the crypto game, may there be some "bubbles" about to burst out? Who knows? Let's look forward to the upcoming interesting part of his play .
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Welcome to the second instalment of Bitcoin in Brief, a daily feature from the news.Bitcoin.com team. In today’s roundup: examining the ownership of pre-2010 bitcoins, Vitalik Buterin calls out Craig Wright, and John McAfee’s price per tweet sets tongues wagging.
Vitalik Buterin Takes On Craig Wright Vitalik Buterin is a man of few tweets, except for those times when he isn’t. In a monster 62-part tweetstorm, he covered the live panel debate with Roger Ver and Blockstream’s Samson Mow at Deconomy 2018. The Bitcoin vs Bitcoin Cash showdown, as it was billed, saw both figures let fly. Buterin was broadly supportive of the big blockers, tweeting “I’m on Roger’s side here; $50 fees [for BTC] should IMO count as a de-facto liveness failure”.
Bitcoin in Brief: Satoshi’s Millions and the Price of Publicity
Buterin also wrote: “I’m ok with the super-big-blocker position [advocated by BCH proponents] but only if sharding techniques…are used to make light client verification easier.” While the technicals of the debate are enthralling to those who care about bitcoin scaling and “Core vs Cash”, the biggest talking point was Vitalik Buterin taking to the floor to call out Craig Wright for being a “fraud”. Buterin really doesn’t like Wright, and the video of the ethereum founder heckling Wright has now been watched more than 129,000 times.
From One Satoshi to Another Bitcoin in Brief: Satoshi’s Millions and the Price of Publicity Craig Wright Craig Wright is an intriguing character whose research papers have their moments. However, Satoshi’s identity will likely never be known, and his bitcoins may never move, along with a handful of others who amassed a small fortune pre-2010 when coins could be mined on “easy mode”, with a 50 BTC block reward. Earlier today Tuur Demeester dragged up a famous blog post from 2013 which postulated that most of those early coins were mined by Satoshi.
Blockchain researcher Antoine Le Calvez chipped in, adding: “1.76M BTC are still stored in legacy naked pubkey outputs (the same as very early coinbases). So 1/1.7M for a single early miner wouldn’t shock me. Whether it’s Satoshi or not is another question.”
The Price of a Tweet Bitcoin in Brief: Satoshi’s Millions and the Price of Publicity Gemini’s new fee structure Major social media stars such as the Kardashians can earn up to $400,000 for a single promoted tweet or Instagram post. John McAfee, meanwhile, will shill your ICO for $105,000 per tweet. Whether that’s value for money (and whether it’s ethical) is a matter for debate, but other crypto influencers such as Jameson Lopp and Chris Burniske have publicly said they would never sully their reputation by posting promoted tweets. Given the option between a single McAfee tweet or a $105k marketing budget to play with, most ICOs would surely plump for the latter.
Gemini Gets Greedy Gemini exchange has angered customers by upping its trading fees substantially. They’ve increased four-fold for the majority of traders, though there seems to be a workaround of sorts for customers who begrudge going from 0.25% to 1%, which is surely all of them.
Back to the Gold Standard A bill has been introduced in the House of Representatives seeking to define the U.S. dollar as a fixed weight of gold. The document includes the finding that “The United States dollar has lost 30 percent of its purchasing power since 2000, and 96 percent of its purchasing power since the end of the gold standard in 1913.” If only there were some sort of deflationary digital alternative to the U.S. dollar that could be sent P2P anywhere in the world…
What other bitcoin stories caught your attention today? Let us know in the comments section below.
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Tech giant Intel is joining the growing list of enterprise firms that see blockchain as a way to reimagine digital rights management.
In a patent application released March 8 by the U.S. Patent and Trademark Office, the Silicon Valley tech company described a method for using a blockchain for downloading the rights to digital images, one it believes is unique enough to be a protected invention.
The patent application states:
"Blockchain technology is used to document and verify attributes of digital content that are relevant to copyright protection. Such attributes may include, for instance, an identifier for the author of the content, a timestamp to indicate when the content was created, and a measurement that can subsequently be used to detect copying or modification of the content."
As described, the proposed platform uses several types of software to automatically assess copyright policy settings for each image, even if the picture was taken from external sources. Then, it creates a unique identity for both the original content and any modified versions. The patent calls these identities "shadow images."
Intel's patent goes on to mentions video and other types of content aside from images, offering a more comprehensive rights system with additional features.
For example, Intel's system seeks to allow users to maintain works in progress, including "unstructured" pieces such as literature with multiple editors. In this way, content can only be modified in accordance with copyright policy settings.
Still, Intel is far from alone in pursuing the idea. In addition to blockchain industry efforts, like Berklee's Open Music Initiative, companies including China's ZhongAn and WENN Digital are companies to make headlines for similar ideas in recent weeks.
The patent is also that latest that finds Intel seeking to protect its intellectual creations related to the industry. In June 2016, the company filed a patent for blockchain-powered software to help research DNA, genetic sequencing in particular.
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