I also have bad experience yesterday, i bought XRP afew week ago with the price 0.33 USDT and after that the price dump to 0.26 USDT and i have to wait about 3 week to recover that loss by sold XRP by price 0.33, but after sold it, the price going up more others 60% , so i miss big profit. Lesson learned, should be i use stop limit order so i will not miss that big profit.
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Yes, never FOMO because the price of the crypto will be going down after bullish. The price is always going up and down so we should be patient wait for best price when buy any coin. When firstly i started in crypto trading, i have bad experience, because greedy and FOMO i loss alot of money, so never FOMO again to gain profit from crypto trading.
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No body know it, in crypto market we only can predict it by learn about historycal the price since that crypto tradeable. For Bitcoin the longest distance between bull market is 2 years, so if bullish trend not coming in this year that mean will be coming in next year.
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In my opinion this price action shown the level of support area is strong because when the price going down to around $6100 many buyer take that price and the price going up. Level support of Bitcoin is still strong around $5500 -$6100, and not any sign will broke, and after this will have possibility to going up to $7500 and higher.
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What do you mean? Bitmex is exchange that offer crypto trading futures product. This platform already given way to make profit in down trend of crypto, so trader will be have diversify risk. I think Bitmex make positive impact for demand of crypto because we should be make deposit by Bitcoin to trade there.
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Yes i found many link phising of exchanges and wallet, so when we put money in to cryptocurrency is important to make sure we have some knowledge how to avoid it. Hacker is always looking for many ways to stolen our money, so we should also have protection for our digital asset. Use anti malware on every device and always login by use bookmark link is one of the way to avoid that.
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There are a lot of way to earn more Bitcoin, one of the way is trade BTC with altcoin on the crypto exchange, and others way is trading in others platform to trade others different asset like stocks, commodities, forex, crypto. There some platform that offer to make deposit by Bitcoin to trade that all asset, like 1broker, Fx open, Bitmex. In these broker we can use leverage to increase potential profit.
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The different between forex trading with crypto trading is in crypto we can make profit just buy hold it for long term, as long we not use margin its possible to get big profit in the long term, but in forex trading actually has low volatility and not possible to make huge profit in the long term. Forex trading will be more risk than crypto trading because level of leverage is high. We can see the price action of forex just going up and down about 0.02 - 0.1% a day, but in crypto the price can be going up to 100% a day or 1000% a month.
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In my opinion price pattern and candlestick pattern is more accurate than bolinger band, in bull market bolinger band will be not really usefull because the price possible going up to 7 -10 times just in amonth. Bolinger band can be more usefull for day trading but for swing trading is better use others indicator like MA and RSI.
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Trade crypto on Metatrader is mean we use margin and leverage and this is will be more risk than spot trading. Trade crypto on MetaTrader is better only when crypto market down trend, and when up trend is better trade on the crypyo exchange because the risk is lower and also promising higher profit.
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I use alot of exchanges since 1 years and till now i dont have any problem with that all, because before use them i always looking for the reputaion and review each of them first . And when to start to use it, i always test how the deposit and withdrawal work by use small amount
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Trade on downtrend is hard to earn profit and possible we are in loss. When downtrend the total market cap of crypto is decreased alot and that mean many trader and investor out from the market. In this situation look better to move money in to others asset while waiting deepest price of crypto and bull market back.
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Decentralized of blockchain technology given many benefits for many people because we have full control with our money without third party, but beside that also there are negatif impact, like fraud and issue if teroristme. We need more regulation come in to crypto market so with fully regulation will be more demand and bigger ecosystem of crypto.
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Iam loss so much money cause FOMO, december last year should be i earned alot of profit because all my coins was going up to 10 to 20 times in duration 3 to 4 month. I should be rich if i sold all that token in that times, but FOMO make me loss opportunity to become rich. I was keep hold my coin and then the price back to the bottom. So now i will never FOMO again because there always highest price and bottomed price of crypto.
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In 2013 the price of Bitcoin was going down 90% from $1200 to around $250, but after that the price going up back to the highest price even now higher than that price. From this historical price, we will understand how high volatility of cryptocurrency. And in long run many crypto have potential to going up back to the highest even surpass that level price.
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The problem is we dont know when this bearish trend will end, more than 8 month crypto market on bearish, and with this long periode should be already any sign this down trend finish and change to bullish. Although in bearish market, many altcoin was going up in big gainer like 1 to 3 times just a few days. So keep continue to trade with smaller balance is good idea to make some profit.
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Binance is the perfect exchange so far, they has all thing that need by the user. They has friendly customer support, great marketing strategy, highest trading volume, stop loss feature, referral program and others good product. And also they will lauch decentralized exchange that make trading activity will be more safe.
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If you want to earn monthly profit from crypto trading is will be hard on downtrend and we have small probability to make profit. In downtrend is better use less amount to start trading and keep some balance in to fiat while waiting for bull market.
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I seen so many newbies loss alot of money in this bear market, but i want to give suggestion if this is not end of crypto, this current situation will end later and bull market will be back. So to make profit we should be patient and patient because in the long term more new people will jump in to crypto, and currently just about 1% people in the world put money in to crypto. So we have big probability crypto will keep growing just like internet.
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In my opinion the price of Bitcoin still normal, we can see historical the price since tradeable on 2011 the price was going up to 10 to 20 times just in short times and then going down to 70% to 90%. We can not avoid whales manipulate the price of Bitcoin because we will do the same thing if we become whales. Whales only want to make money from volatility of the price. We will se later the price of Bitcoin will breakout $20k because more new investor will interesting about crypto and the technology.
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