Trading is unpredictable job so before jump it make sure you know about the level risk and how to manage that risk. Risk management is most important to reduce risk in trading, some risk management that i mean is cut loss strategy, use stopp loss in every trade, trading in more than 1 different coin, and also dont be greedy when taking any profit.
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This is good strategy and has good risk management. Because i dont have many time for trading, i just doing long term trading and sell half of investment when reached 100% profit and buy others coin that has cheaper price and just tradeable in the market, but i also learn about fundamental analysis before decide which coin should i put my money. And other 50% more i use it for long term investment.
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No body know which level price become support of some crypto because in daily chart the market look still trend down, so for the better wait again to get better price and best time to entry. In technical analysis when the daily chart on over sold and long consolidation , that time is best to entry so should be patient wait for that.
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In a few day bearish market will stop and then the market in consolidation until in the end of february, and the beginning of march the market will continue to going up. And if you would like to buy any coin use technical analysis and make sure the market on oversold and long consolidation, so wait for perpect time to buy to get best price and best entry point.
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I think $8000 is support level and then next a few day will consolidation and after that going to up trend. So its time to buy it and hold a few month because the price of Bitcoin still strong in fundamental so possible to going up in the long term.
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In my opinion many altcoin has massive potential in the future, but in my opinion these coin has most potential one : ETH, XLM, NEO, DASH, WAVES, OMG. Because they has strong community already and these coin has many advantages to the cryptocurrency community.
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For the better trading on exchange that has big volume like Binance, Bittrex, Poloniex, Kraken to get more liquidity. All these exchange has good tools for trading. And to get profit consistent actually not depend on the exchange but depend on the your strategy and risk management.
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In my opinion Bitcoin can reach that level price but not in this year because in 2017 Bitcoin already make huge bullish trend and hard for Bitcoin doing that in this year, could be the price of Bitcoin can to go to that level in 2019. In this year I think altcoin will be more popular than Bitcoin.
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I believe blockchain technology and cryptocurrency will make this world better, in this world too many poor people and i think blockchain technology can to help them because adoption of this technology can to solved many problem in the future. Transaparansi and efisiensi is one of the feature this technology so will be give many advantages to all community in the world. At the moment many people does not have job just like me because too difficult to looking for a job in my country and finally cryptocurrency helped me for my financial. In the future more and more poor people will helped by this blockchain technology.
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In my opinion they would like to complaince AML/Anti Money Laundry so the token not use for illegal action or other fraud activity. But should be KYC procedure only for big investor only so purchase the token will be more efisien for medium to small investor.
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Offcource i want to make money because i dont have other job now so crypto really helpfull me to get money for buy daily needed. Because in my country Indonesia is hard to looking for a job and standar monthly salary here not enough to cover daily life expense. Thanks for crypto that helped many poor people just like me.
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For day trading i used 1 hour time frame, and also some indikator like Moving Average periode 20 dan 50, RSI and MACD. When MA 20 crossing and above MA 50 is signal to buy. RSI and MACD to know price level on oversold and overbought.
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If you would like to make profit up to 10 times, in my opinion to reach it buy coin/token that just tradeable in the market so you will get cheap price but make sure the token has good development and nice concept like Bitdegree, this token i think will be massive potential and has posibility to grow in this year.
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Yes, before buy any coin on the exchange or on ICO i also look in to the team founder behind it and the basic of them. Because successfully of the project its depend of them. The project will succesfully if they solid, professional and active to promote advantages of their project.
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This is great so cryptocurrency community will be bigger because many adoption of blockchain technology. This telegram ICO will be huge and many investor will jump it. Telegram that has a million user will know about this ICO and will be good sign for ICO markets.
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To start it actually is easy just buy low and sell high, but the difficult thing is to reach consistent profit. And to gain profit consisten you should learn about technical and fundamental analysis and also learn how to manage the risk in trading, and other most important thing learn how to manage your emotion. And for basic trading you have to understand some technical analysis like to know price on bullish and bearish trend and also to know the price on oversold and overbought area.
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I havebeen in forex trading since 2 years, but really difficult to gain consisten profit from it, and after i move to the cryptocurrency trading i can make some profit with more easy. So crypto trading in my opinion more profitable than forex trading.
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At the moment i still have offline job and spend time for crypto only about 3 hours aday. But i see the result of crypto is bigger than my offline job. So later i have also plan to focus totally in crypto and quit from my job. Beside that many people in my country work for only in crypto and they was make alot of money, and not possible i can reach that amount of money from my offline job.
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In my opinion use that money by 3 different investment, i mean 50% use for longterm investment in some coin that has good fundamental like BTC, ETH, DASH, AAVES, OMG, NEO. And other 25% use for short investment for some new coin that has massive potential like Bitdegree, Utrust, Indahash. And other 25% more use to make investment in good ICO. By this portfolio we will know each level risk and profit each.
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I prefer doing long term investment because i dont have time to do short trading, but before i put my money in to any coin first i learn the fundamental of that coin and research again the advantages and benefits of each coin and then i put my money in those coin, like ETH, DASH, WAVES, NEO, LTC,OMG. In my prediction these coin has potential to going up in long term.
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