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This is depend on the times that you have for analysis crypto market, if you have full times for the better to do and learn more about day and swing trading, doing both at the same times. But if you have other job and you can spend times only 1 hour aday, you can learn more about fundamental of the crypto to looking for new potential crypto that possible to give huge return in long term and hold it in a few month. All decision should be depend on the knowledge each person about technical and fundamental in crypto market.
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This is depend on target profit that you want to make it, if you want to make profit 100% to 300% amonth, this target only possible to make it in crypto trading. Personaly i prefer to do crypto trading because i want to make profit quickly and to make faster to turn the money in to many times. Though crypto trading has more risk than stocks, but with management of money and risk we can avoid it. I has been 3 years in trading and tried forex and binary option trading too, but so far i can make better profit only in crypto trading.
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Alot of people around me does not know what is Bitcoin and other cryptocurrencies, they does not understand how does it work. They think to understand crypto is need long times and complicated, that why many people here dont want to learn it more. They also afraid with about online investment because they think all investment by online is fraud and they will lose all money. They just believe with Bank and other financial insitution because they has real office, but Bitcoin and other crypto is does not have it. They need some education about blockchain technology and what the benefits of it.
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Everyday i going to coinmarketcap and to check the daily volume and marketcap of crypto, at the moment daily volume and market capitalization increase slowly but sure, in my opinion the price of mayor crypto will keep going up by slowly too. Need a few month more the price of crypto will going up and surpass the highest price , could be the situaton will be the same like last years which on december the price of crypto will begin to start all the times high again.
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Only people who ready with big risk can do it, personaly iam not ready with that too high risk. I just make invest in crypto by safe mode by used 20% to 30% of my money, though with small amount we can still make huge profit, just need longer times, more patient and better strategy. Put all money in to crypto is make me can not sleep and make not happy, iam prefer to play in crypto with more safe to avoid bad psycology when loss.
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You have to learn more about situation and the trend of crypto market, and also learn about technical analysis to know the price on oversold and overbought. When you on profit should sell half of that asset to lock the profit, this important to keep the profit and to avoid loss. Dont put all money in crypto, but put also some money in to fiat or USDT so when we see any other opportunity we can use it to buy that coin and to make other more profit.
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That called you miss big profit but not loss, in up trend you should be sell your coins by partly so you not miss other pump and bigger profit. You have to check daily volume and market capitalization of that coin to know possibility of the price will going up more and to know possibility the price will possible to reversal. Understanding price action of crypto that has high volatility and learn technical analysis also will help to decide to get better price when sell any coins.
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Need a years to become expert trader and to become that is through long process, so much better you doing other fulltimes job and you just spend times 1 or 2 hours to learn about trading. You can still possible to make profit from crypto although you just spend a few hours for that by doing swing trading. And when you possible to make consistent monthly profit and changing your life from trading, later you can quite from that your job and focus totally in trading.
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The price of Storm down because the price of BTC going up, actually in rate USD you not loss, in fundamental analysis Storm has massive potential to keep growth because they has amillion active user, we can see it from their mobile app that downloaded by amillion user. In technical analysis Storm has big chance to going up because this token was going to to highest level $0.2 a few month ago and could be this token will go there again, just need more patient wait for that.
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I havebeen try many different trading since 2 years, those are forex trading, binary option and crypto trading, between all these in my opinion binary option is has higher risk than others, because when you wrong direction you money totally in lose. I prefer doing crypto trading that paired with USDT because this is more easy for me to gain profit and has less risk than others.
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I just make research about ZEBI, and this coins still undervalued because just listed in the market and has big potential to keep grow, ZEBI called the Ethereum India and in fundamental is strong. You can put your money in to it and hold it a few month, the current price already 4 times form ICO price and could be continously going up . This coin at the moment just listed in 2 small exchange, and the price will be moon when listed in bigger exchange.
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In my experienced in crypto trading usually altcoin will firstly going up and then BTC will follow it, so for the better buy ETH first and then after the price overbought sell it in to BTC and wait the price for pump and going up, so we can get double profit from ETH and also BTC. ETH now on uptrend and the price will keep going up and can be surpass $1000, so its not late to buy it.
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In my opinion because those all coins is in top 10 ranking with big daily volume transaction, has large community and the project consist of solid and professional team , for the better buy it all with different portfolio, can be for ETH 50% and for LTC and XRP for each 25%. Make invest in minimum 2 different coin is much better to have good risk management and to minimize the risk.
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Actually trading methode is simple buy low sell high, but that make we are in loss in greedy and not patient, if we have good psycology and enable to control that all things, trading actually is easy and possible to make consistent profit. Our greedy and not patient is human nature and this is hard to control it, but by continue learn from previous mistake make us more experience to control that emotions.
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To chooce any exchange, security is first and most important thing for me, and then other one is customer support, daily volume, available many crypto to trade that has massive potential and they add new good coins in every month. One of the exchange that has all this things is Binance, gate.io, kucoin and huobi, i have account in these all exchange and used it for day trading. Since 3 years in crypto trading i hasbeen try used many exchange and never have any problem with them.
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This is according to your skill and your passion, if you have skill and possible to focus on crypto trading use 50% of that for day trading to increase ETH. But if want to get only passive income just hold all that until in the end of this year because the price of ETH will going up and can be reach $2500 in a few month because ETH still become number 1 altcoin for now.
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I have also acount of Poloniex and created it about 2 years ago, but i was move all asset to others exchange a few month ago because poloniex not listed new potential coins, a few day ago i try to make deposit and withdrawal by small amount, and all that running good, in my opinion Poloniex still become top 10 exchange based on daily volume, they should increasing their customer service and list new others good coins to become number 1 exchange like 2 years ago.
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Many my friends asked about my job and i answered crypto trading and bounty program and they never heard about that kind of job, they also never heard about Bitcoin, so to explain it by more easy to understand i just say crypto trading is similar buy and sell gold but in the form of digital and the price also sameting like gold depend on the supply and demand. Many people around me dont know about cryptocurrencies and they think hard to understand it.
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