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Very useful because is with the of chart that one can take a look into history of the market and predict what will in the future and probably make a long term decision, I strongly believe chart is useful in trading decision making.
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Bitcoin advantage will continue to supersede all other altcoins no doubt about it as Bitcoin happen to be the market mover in the crypto currency market and the influence of been number one crypto currency more value than any other altcoins.
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I don't think Bitcoin volatile nature will linger for a long period of time because its adoption it too low as compared to currency like US Dollar and it has in recent time been influenced by the activities of whales who are always out to take profit.
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Despite the fact that we are almost close to the month of July and the value of bitcoin is still below $9,000 I still believe any thing can happen that bitcoin value could break $10,000 but is not something that one should be optimistic about though.
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Will Bitcoins hit 30K before the end of this year?
Do you also have kind of assumption? I already have...
Many people expectation are high for the increase in the value of bitcoin while they forget the other direction movement that may happen to value of bitcoin. And that call for diversification of investment in crypto currency to avoid high market uncertainty. |
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Hard really pays as it always happen to me with my hard work in crypto currency and I don't really believe in luck all in my trading and investment in crypto currency.
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One deviate from loss while trading crypto currency even though you are an expert in trading crypto currency you must experience lost in some occasion. So, I will advice you t learn the technical and fundamental aspect of trading.
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I don't believe there is any logical association of bitcoin volatility with time period just like January or February. The most of the factor that influence the market value of bitcoin is the forces of demand and supply and that of fundamental issue.
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Other ways of making money in crypto currency includes trading, rendering services like participating in signature, twitter, facebook, linkdin and other social media campaign. Escew services and campaign management services will also earn good money.
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The best way to manage risk in crypto currency investment is for one to diversify his or her investment capital into different investment opportunity. And at the same time, one need to research well about the currency and see to it that there is high prospect in the future of the project.
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When one should talk about volatility in the market value of currency bitcoin volatile should not be in any way compared to Dollar volatile nature as dollar is more stable as compare to any other currency.
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What's your opinion on buying new emerging coins that are not yet on top and cost less than 1 dollar?
How do you decide whether they have potential to grow or not?
It will really worth for one to invest in coins that the value is less than a Dollar only if you have a good knowledge of the coin and that its value will appreciate in the future. This is because, in recent time there are so many shitcoins coming out on a daily bases without reasonable that will benefit the investors. |
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OP, both day trading and long term hold are way of trading crypto currency but you success depend on your knowledge of crypto currency trading, so I encourage you to discover the one that is best for you or have comparative advantage.
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If I lost most of my capital in one coin, I will hold the first to coin it up again, whether it can be called trading or not? Give your opinion  Holding your coins for a long period of time pending when its value appreciate before you sell is part of trading or could be call long time trading in crypto currency and and short term trading has the attributes of day trading in crypto currency. So, even though you hold for a long period of time or short period they are all could be refer to as trading. |
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Well, in my country digital currency or crypto currency cannot be used as a means of payment for goods and services and the only way out for us to make use of our money earn through crypto currency is to convert it to our local currency and we do the convertion by selling our crypto currency for our local currency via local Bitcoin exchange or Remitano.
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Do you think BTC will be able to touch $15K in the month of july? Or it would be able to recover it's price of Jan 2018. From last four months it is moving around 10K. Do you think it can cross $10K before july? Month of June is going to be crucial or not ?
Well, it a possibility that one cannot be optimistic on whether it will come to fulfilment or not. And the expectation of Bitcoin holders is to see Bitcoin in the moon which i believe it will move higher before end of December this year. |
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Well, everyone is entitled to his or her opinion though your may take a little longer time for such a thing to happen as the value of Bitcoin is getting more stable at the current range of $6,500 to $9,500 over a long period of time now.
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Well, if ethereum will be able to reach the predicted amount of $2,500 i will be the most happiest person here in the forum because am currently holding some amount of ethereum with some other altcoins hoping that they will appreciate in future. If bitcoin could move above $20,000 before end of the year then ethereum may likely move to such height.
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