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It's really hard to find the best time to sell. Because no one can say for sure how much the market price will go up and down again. Everyone uses their skills and knowledge in market analysis to sell the accumulated assets to them. In this case, those whose experience and skills are more effective can earn more profit. On the other hand, everyone has a demand and while meeting that demand they refrain from taking an extra risk and sell their assets. I also sell one of my altcoins based on the market situation.
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Each of us should invest in areas where we have the right knowledge. Because investing in a subject without acquiring the necessary knowledge or skills is a very risky business. As a result, one may lose all the wealth he has acquired. In every investment, the risk exists and the knowledge gained reduces that risk a lot. I have no knowledge of other sectors of investment, such as gold, stocks. So I only invested in cryptocurrency because I have some idea about it.
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At present money is an important medium of exchange and through it, people meet their various needs. All over the world, it is almost impossible to do without money, but externally, money is just a piece of paper. Although it is possible to buy all the necessary goods in exchange for money, each substance has a different significance. The importance of crude oil at the present time is extremely important in all cases. At present, the world cannot be imagined without fuel oil. So at present, no country's economy can be thought of without oil. So a closer look reveals that in addition to money, crude oil is equally important for a country's economic and military development. That is why developed countries, including China, invest in various oil-rich countries and have various military agreements to ensure their oil demand and supply.
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Banks do not want to deal with cryptocurrency because of its unique features. There is a big difference between conventional currency and cryptocurrency. Banks use conventional currencies in various ways to meet their own and the government's various needs and print additional currencies if necessary. Cryptocurrency, on the other hand, is a decentralized currency and cannot be fully controlled by banks or the government. Moreover, since cryptocurrency is not known as the currency of a particular country, the government or banks of each country do not consider it appropriate to use it as it is not their own currency. So for all these reasons banks do not want to work with cryptocurrency.
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Proof of authentication - BEP20(BSC) Wallet Address: 0x439A3fac80E180883800237bb2752288FE0fF6f7 - Telegram username: @TahsinKabirKollol - Email: tahsinkabirk@gmail.com- Campaigns applied for: Twitter, Facebook |
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#PROOF OF REGISTRATION Bitcointalk Username: Tahsin Kabir Kollol Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1026295Telegram Username:@TahsinKabirKollol Campaigns participating: Twitter, Blog BEP20(BSC) Wallet Address: 0x439A3fac80E180883800237bb2752288FE0fF6f7 |
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#PROOF OF REGISTRATION Bitcointalk Username: Tahsin Kabir Kollol Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1026295Telegram Username:@TahsinKabirKollol Campaigns participating: Twitter, Blog BEP20(BSC) Wallet Address: 0x439A3fac80E180883800237bb2752288FE0fF6f7 |
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It totally depends on the amount and timing of the money you have invested. If your investment is for a short period of time, then it would be a good decision to analyze the market situation and sell it at the right time. However, if you have invested huge money in bitcoin, you can withdraw some of your invested money by selling it and leaving the other for holding. Because the popularity of Bitcoin is increasing day by day and its value will increase more in the future. Bitcoin has arrived at the present time through market fluctuations and it is going to be noticed at the present time. So looking at the current Bitcoin market situation, if you think you can sell or hold it, it seems better to hold it.
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It is not impossible for anyone can die from trading. Just as a skilled and experienced trader can gain a huge amount of wealth through trading, anyone can lose everything by trading incorrectly without market analysis. The market situation always goes through ups and downs. We often see the market fluctuate so much that many people make huge profits or losses. In all these cases there is a risk of losing everything as a result of reverse trade which can impoverish a trader.
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Your thinking is reasonable because Bitcoin is great as an asset and not as a Currency. This is because when we look at the currency, we see that almost every country's currency has seen a steady decline in its purchasing power or inflation since its inception. Inflation is on the rise due to the printing of coins in addition to various needs of the government. As a result, even if the amount of money deposited with the people is right, its value is declining. The value of bitcoin, on the other hand, has been rising steadily since its inception and has become a significant exchange. So it can be said that Bitcoin is a valuable asset and it is not a currency.
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