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Investing all assets in one cryptocurrency is not a relatively good idea for higher profits. Because not every cryptocurrency grows at the same rate. However, BTC is a safe way to invest, even if you invest all your assets in Bitcoin. But if you want to increase your profits efficiently, you can invest in Bitcoin as well as other reliable cryptocurrencies. In order to invest, you must verify the potential of the selected cryptocurrency because investing in other cryptocurrencies by extracting money from Bitcoin requires sufficient skills.
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Everyone hopes that the value of the cryptocurrency they have invested in will continue to rise but this is not possible for any investment. If we take a closer look, we can see that Bitcoin has grown a lot in the last few months, and now it is in a situation of falling in value and rising again. With this situation, Bitcoin will reach it's new all-time high and it will take time. I am not bothered by the current downward trend of Bitcoin as such a downward trend is normal after an excessive increase. However, caution must be exercised in the case of trade.
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Stop-loss strategy important depends on your trading features and market situation. If you want to trade for a short time and you do not have any knowledge about long time market analyze then it is very important for you. A Stop-loss strategy is most effective when the market is volatile and downtrend. The importance of stop-loss totally depends on your trading strategy and market analysis skill. However stop-loss is an important feature for all traders.
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It is not the right decision to run away when you lose in your trading. If you run when you fail or lose, you do not learn about the reason for your failure or loss. Those people who run when they fail or lose, do not succeed in their life and profession. When I fail in my work, I try to find out the reason for failure and try to fix it. If my strategy does not perfect for my purpose, I change it and apply a new one to overcome the loss. We should keep learning about our mistakes and try for success again and again.
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The comparison between country cryptocurrency and bitcoin is many. Bitcoin is a decentralized cryptocurrency and it is not affected by any single person or country. But on the other hand country cryptocurrency fully controlled by the government and it is affected by the country-related incident. On the other hand, country cryptocurrency will be affected by the country's economy. We can easily see that the difference between country cryptocurrency and bitcoin from the point of view coronavirus pandemic situation.
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