|
Invest at any time is not a good advise for anybody particularly those who are new to crypto currency investment. It is always advisable to buy when prices are low than when it is high, so that you can make profit any time the price move higher than the level you bought them.
|
|
|
|
|
Panic selling is as a result of not having trust in one trading strategy in the first instance. And another thing is that people do invest what they cannot afford to lose or hold for a long period of time.
|
|
|
|
|
May is too far for your prediction to come to fulfilment because the current market shows that has become the level of the past since your post was made. As at the time of this post, Bitcoin is trading above $5000 and that is a sign that may be before you May prediction we should be talking of Bitcoin at $10000 or so in all things work in favor of crypto currency.
|
|
|
|
|
You made a good point here that not only newbie will learn from it but also people what think they known everything all about trading crypto currency.
What one need to do then is more particularly about the coins you want to buy and above all follow your trading strategy and Money management policy.
|
|
|
|
1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody else’s dream
4. Believing somebody else’s FUD
5. Using money that you shouldn’t be
6. Failing to properly do a self risk analysis before investing
If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages
I don't believe in some of the point you mentioned above as that to me is a miss leading of people into making looses in their trading. I don't think there is any denger in holding Bitcoin or some other top altcoins since most of them react positively with Bitcoin market increase. |
|
|
|
|
Selling at loose in my opinion is not a rational decision but having at the back of your mind that what goes up must come and what is down will one day move up will help you to keep hold to your coins and not to sell at loose.
The best time to sell is when you realize that you have made profit and not to be in a hurry and sell at loose.
|
|
|
|
|
Sometimes it happen the way you think but there are time that the rivers is the case. Although, is most cases any time Bitcoin market value increases ethereum value also increase only on a rear occasion that rivers will be the case.
|
|
|
|
|
The bullish trend has begun no doubt, and as Bitcoin increases in market value so also other altcoins are affected positively and that is why you seeing Litecoin following the same trend with Bitcoin. Am of the same believe that what happened in the past will repeat it self this year 2019.
|
|
|
|
I do believe that we all has the desire of seeing bitcoin and cryptocurrencies market be in good condition.
*sigh* OP, you are full of hope but short on reality. I had to take a look at preev, since I don't frequently check the price of bitcoin. As I'm writing this, bitcoin is at $4083. That's a fantastic price, and I'm very happy it finally broke $4k. However, if you look at where it's been for the past year I don't think you can call this a bull market or even a bullish trend with any momentum behind it. It seems quite possible that we're experiencing normal (and random) market fluctuations, with the probability still very high of dropping back to $3500 or lower. What I'm saying is that OP is crying wolf, driven by emotion. Hopefully he's not an active trader, else he's going to get pounded by the market. What will you call the current trend, now that the market value of Bitcoin has crossed $5000 from what is was as at the time you made this post. The bullish trend has started and there is no going back below $3500 at least before end of this year in my opinion. Don't come to the justification that it is bull run, we need to wait and see because the market situation cannot be estimated but the Bitcoin has broken its resistance at the 4200$ level. The positive situation makes to feel good and in the coming days, the price of Bitcoin will surely and in the same way the price of altcoins will also start increasing.
It seems that you have not visit the market in recent time and that was why you are still talking about $4200 resistance level. The market value of Bitcoin is now above $5000 although it has drop to $4,988.76 as at the time of this post. |
|
|
|
You have a long list of altcoin portfolio that have tanked down by 90% since you participated in the ICO. What was $5000 is now worth $500. You are at a loss of $4000 and there happen to be an upcoming token sale that is pretty hyped.
You are in desperate need to recover your losses and you plan to invest in that hyped token sale in hope that you can earn 5-10x. Would you:
1. Pump fresh fiat out of your pocket into the token sale or
2. Trade off the the altcoins you have for BTC/ETH and invest into that hyped token sale.
Share your thoughts.
Well, I don't think you are in loss yet until you decide to sell off your position. On the other way round, if you are in lose you are in lose and trying to recover from your losses may end up increase your losses because your state of mind will not be settle at any time you will make an open position which may lead you to make a wrong decision and lose more. |
|
|
|
|
Your speculation is coming to fulfilment and is becoming late for some people who don't have enough capital to buy reasonable sum of Bitcoin pending when its market value will appreciate.
|
|
|
|
The market value of Bitcoin went almost $5000 and some people whom I respect are saying it was not above $4700 which am finding it difficult to believe. Good to know that your submission here is in line with what I saw which can equally be traced on the chat. The bull is back and to push it forward it will be good if we keep holding our position. I think bull market is really back. But not to the moon  $6k, maybe $7k max for 1 btc Definitely there will be a market correction along the line of this bull trend but I don't believe $7000 is the maximum for this current market trend. |
|
|
|
While checking around, I came across some write-up of how long this bear market have been and we also get to know that this bear market is the longest. I found out this: https://www.ccn.com/the-crypto-bear-market-wont-last/amp recently. So what's your own opinion and say about how soon will the bear market be over? The bear market is since over and if you didn't buy at the time we saw the lowest bottom I think it will be hard to see the market at such level this year again. The bull run has started and there will be backwards trend anymore till we see any other strong resistance just like what we saw around $4000 in some week back. |
|
|
|
|
Here I see some people who were negative about the current outcome of the market are all saying something nice about the market. Some of us that were positive about the market though not optimistic predicted what we are seeing at the current market value of Bitcoin and other altcoins. About 25 percent increase is just the beginning of an upward trend just keep holding guys.
|
|
|
|
There are a lot of companies calling me at least every 2 days to ask me if i am into trading and if not why not and why i don't and so on..
Is there any kind of entertainment if doing online investments or trading?
Enlighten me!
Maybe those companies are calling you just for you to open an account with their company and not for you to entertain yourself or any other individual. This is because, if you open an account with them and Start trading with them ,they will make profit from your trading activities. |
|
|
|
Well, the decision on whether to take profit or hold for a while is up to you as is some how not rational for one to take someone advise in making such a delicate decision. The most important thing is never to be greedy. Often this does not lead to anything good. The most important thing is that you have already made a profit and do not risk it because of greed. Learn to control yourself and sell on time.
I don't see holding as a greedy mind set since there people who are long term investor. |
|
|
|
|
From what I deduced from your submission here you have ended up not coming out with any other ways in which one can make money from crypto currency market in 2019 just the way we were making money through bounty in 2017.
Am of the opinion that trading crypto currency is one of the major of making money in 2019 since is the year we withness a serious decline in the market value of Bitcoin and altcoins. Some people are of the opinion that gambling is another source of making money in 2019.
|
|
|
|
I did invested in UTRUST
UTRUST looks to have a solid development team, as it has managed to quickly implementovertake paypal, but currently we have seen alternative projects. Hence, its success will only depend on the level of adoption it would experience in the global world.
Therefore, in your opinion what has the future hold for UTRUST?
Adoption is the most important when it come to the issue of crypto currency which I see as the most difficult resistance to altcoins and not only UTRUST. Although, I have some of my investment in altcoins but UTRUST is not part of my portfolio as of now maybe with time I will study it and make informed decision as to whether is worth one investment. |
|
|
|
|
I strongly believe that if there will be another global economic meltdown Bitcoin will survive it, although it will feel the negative impact of the meltdown since it is the individual and cooperate organization that holds the crypto currency assets.
|
|
|
|
|
No doubt, crypto currency has come to stay and there is no need for one to panic on whether it will succeed or not. Even if its market value decline significantly that will not affect Bitcoin from being in existence and forward ever and back world never.
|
|
|
|
|
Show Posts
