Like the saying goes : you can not hit the target you can not see. The first thing you do when buying in on coin is to set the price you are selling or buying more. If you go into any coin hoping for whatever, it is sure whatever is what you are going to get.
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If you have means and character required for you to stay focus on holding your coin even when the tide is working against your portfolio, why not If not. Till date there is no any asset that has out perform bitcoin.
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I always like the image of a farmer before me whenever I want to invest in cryptocurrency or ICO. Farmer will do everything on his crop with no certainty but Hoping that his crop will grow and bring him bountiful harvest.
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My take on ICO is this: if you are diligent and thoroughly research ICO that may catch your fancy, you will be able to decide for yourself if such ICO worth your time and resources. And whatever the outcome, you will be able to hold your head up high saying you did your best!
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You can start trading with any amount. There is no minimum or maximum fund you can start trading with! The beauty of bitcoin and many altcoin is that they are divisible to a fraction of 100 million! So you do not have excuse not to trade and learn about cryptocurrency!
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The question here is why did you invest in the altcoin you are holding! If you can not answer the why question you should hurry to an exchange and sell your altcoin. Buy bitcoin and keep your bitcoin for 5 years. Otherwise, you should be holding your altcoib
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It is perfectly safe to invest in erc20 based ICO. Erc20 based token ICO has been tested and tried! Many erc20 based ICO has been very successful without any controversy or scam. Erc20 is verifiable and you can not change the contract once it is made!
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Where are those blackcoin, netcoin that are better than litecoin in those days! The lesson here is that you should not listen to any body's advice or opinion n when it come to investing your money. If you are persuaded about your conviction , you are the expert at that moment;
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If I invested anything above $50000 in a coin, I will be holding such coin for a short term profit. The moment I profited 100% or more, I am out! Any 4 figure can be held for minimum of 2 years.
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There are many altcoin that I will categorize as a safe stable coin to hold. I will start with ethereum. Ethereum has been very stable since it shot from obscurity to limelight when it rose from $10 to $300 last year. Ever since , it has been rising steady.
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Best wallet for bitcoin is bitcoin core, jaxx, exodus and no blockchain info. All the wallets mentioned allow you to hold private key of your fund except blockchain info which is an online wallet but also very safe to use!
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If I were you, I will invest 80% of this money in to ethereum. Ethereum is an established altcoin with a lot of users and supporters. I am sure preserving one's capital should be any investor's priority. Ethereum network is very safe and it's prospect for capital gain is also very high!
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Have you consider investing in ethereum? If you have not giving it a thought I would suggest you start looking in to it. Ethereum network has been very stable so also it's price. 2018 should be the year ethereum will go mainstream and that will affect it's price positively.
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When price are fallen on my holdings, I try to do two things. First, I try to see if the loss I am getting fall withing my budget for loss. If does, I take the loss and possibly by more knowing that the loss in question will be recovered. Otherwise, I cut my losses as quickly as possible
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Best exchange in 2017 for me is etherdelta. Etherdelta made it possible to trade anonymously and you get to set your own fee and partially in total control of your trading activities!
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There have been different prediction about bitcoin hitting up to $60000 since 2017. I think this price prediction is moderate and very achievable giving the kind of price increase we saw in 2017!
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Anytime is a good time to buy bitcoin especially at this early bitcoin days. Bitcoin has become something popular and indeed only few people all around the world are still into it. So go buy your bitcoin and make yourself richer in future.
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Been a trader is not a title. If you trade well and you bring in profit for yourself and sometimes other, then you are have become a good trader. Becoming a trader is very simple, just get into the market and start trading. Start with something little first and gradually increase your cap!
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Daytrading does not need to make one feel bad if you know what you are trading. Trading is just about making money! So get yourself together and trade. And if day trading is not your thing, simply quit.
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Day trading can be time consuming and full of mistakes and error that will lead to regret and loss! However, trading is still very reward endeavour. If someone can be strategic and patient, the profit from calculated trading can be enormous.
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