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At the current price bitcoin is very cheap as compared to the coming days or months or even year, because it will cross $100k very soon, it is still the king of all the coins, so my opinion is that if you can hold your money in bitcoin for a year, or 6 month, then it would be better for you to buy bitcoin at the current price and I hope it will give you a huge profit in the coming months.
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Most of the trader didn't want to pass the kyc and they didn't want to utilize their time by kyc, so they simple started trading in these type of exchanges which didn't want kyc, so they made easy for themselves and exchange in dex exchanges just like pancakeswap, so it needs only wallet of the trader whether trust wallet etc. I think kyc is good option.
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No one can give you 100% guarantee about a coin that it will must touch your predictions, but this is just simple a way to understanding trading, mostly when trader get into a huge lose they quit trading which is not even a solution to the problem , but the real way of getting successful trading is patience and it is the backbone of trading indeed in my opinion.
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I don't even think that it will be easy for the bitcoin to break $70K. But in trading there will be no limit for the traders, as it is volatile in nature and expectations in trading sometimes leads you to loss even, but the prediction may leads you to profit after analyzing all the coins in which you want to take entry at some point.
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Most of time, probably with me happens that if I bought some coins at low price then its price decreases firstly when is sell it it increases at the same time, I think this will probably be happen with other too, so in trading world traders have only the ability to judge the coins and get to it, they don't know what to do exact.
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Most of the listings of new coins are always on their social media channels first through which traders can get information about these coins and analyzed them properly, but most of them are shown through the twitter, and after that the coin launch in that exchange for more information people mostly join their telegram.
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There is just one option to understand the market in advance which is in my opinion didn't give guaranteed that it will happen 100%, which is the prediction of the coins which you want to trade on through the coins graph and collecting some news or information about the coins, these type of things can help you a lot to get profit.
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Now a days Bitcoin has crossed the ATH and it is still gaining much more attention of the investors, which may be very better for the traders, because all the coins or I can say mostly coins are related to bitcoin, whenever there is a slight change happens in bitcoin then also in some other coins go up and down too, that's why it is still the king.
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I hope it will work, because the market is now stable and the bitcoin already crossed $65K. So, you can use this phenomena but there will be some of the strategies which will be followed by you in order to keep yourself safe from a big loss which you didn't want to do. The there will be a chance to take entry in that coin.
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The reasons you discussed for bad trading are good but I want to tell you something about myself that whenever I buy a coin the price of that coin down very instantly but whenever I sell that coin again then its price go up in just some time, this is not the first time with me, often that is done with me? So, what should I do for that?
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It depends on two things mainly, the amount which you are investing is your own or someone else and another thing is that the amount is of no use or your daily use, if these two things were known then it is easy to understand your planning that how can you invest comfortably and which coins would be better for you at the moment.
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I prefer these two days to do on trading , while on Monday I don't even think had a good day for trading, mostly the market has come down more times on Monday as I have seen many times. And here id also depends upon someone own trading capability that how much he is going to trade in the real time situation. But weekend may help the traders a lot.
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Off course it pays more than trading but depending on the some factors, your trading strategies matters a lot, how you can take entry in some coin to buy and want to invest in that coin? How you can get the right time for selling the coin and take out your profit on the right time? So all these factors matters a lot on investing and trading.
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Solana is also my favorite coin and I had invested in this coin and gain a lot of profit through this coin which now had its best time to make it clear for the traders, and one more thing the solana is also a coin which has gain its position in just a little time. So, i think it is still the best coin to invest and get a profit in less time.
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Trading may be sometimes very difficult for the newbies and they had also lost their most of the money at the start of the trading, but after entering into the trading quitting won't help a trader indeed, as there must be some profit after loss, because it is trading in which you think different and it can happen just opposite to it, so always be prepared for it, I had never quit.
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A perfect research will help you alot about the coins, whenever you are buying and doing a great research about the coin before inverting is a great habit. So, this will be very beneficial in all aspects for the traders which had already checked the history the the coins before trading. Always do the same in many cases not for one coin.
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I don't even think that it is compulsory, but I suggest some beginners or newbies who are new in trading to take these courses and make some profit and learn some basic trading strategies, that is why most of the traders also is going to suggest you this, and one another thing that it should be done by yourself too to get into trading.
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No, it was before the situation, now it has completely changed, you need KYC for deposit of money and somehow it needs to withdraw the amount. So, it would better for the people to verify for the security and safeness of their money and trading account, I don't even think it has now the same as before, its security is tough now.
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