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Selling your coins from your bounty soon or hold it depend on you as you have daily needs and also you hope profit from this.As for me, it is better to sell some and then your money can be used to buy coin again at ico or at lower price.The rest you still keep holding for several months waiting for bigger profit.
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Yes it seems to go up but you have to wait a little longer before opening the champagne. The BTC does not yet have a precise direction and the G20 can also change the deal, for good or for bad. Let's be patient a little longer and we'll see.
There are two good news coming from two different moments. G20 members meeting and IMF meeting that calls for regulation of crypto. Laws and regulation issued regarding crypto indicates signs of legalizing or accepting it formally.That means crypto will be supported globally and will be more interesting as investment instrument. This certainly will support price to increase soon. |
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Yes, we do.We really need to diversify our investment in several different coins. Profit prospect of different coin is also different. It is also intended to control or to limit your investment risk. A wise advice to note is : don't put all your capital or money in one basket of currency or coin.
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As you have only small amount of money to invest, it is wise to learn how to be a professional trader. Please read trading book and learn technical analysis including candelstick. With only $ 500, you can try to wait for the lowest price in the last several weeks or months and buy at this price level. Buying at this level you can get better opportunity to get profit within shorter periode of time because you have bought at an ideal lower price level.
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I ' ll try to hold for several months to come expecting price to rise. At some time in the future I can sell them to take profit. This fund I can save and collect for future investment.
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In my opinion, It is really wise to buy at the time of ICO because price level is still low, or let say normal. After ICO, price may go up and down depending on supply and demand, including news that may affect price fluctuation in the market. Anticipating price drop after ICO, you may prepare additional funds to buy more at lower level to get bigger and faster opportunity in taking profit. Buying at Market price is also good but you have to analize market first whether market condition is uptrend or down trend because market price can be higher or lower than ICO price.
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It depends on traders or investors. For long term trade, investors usually try to wait for the lowest price within several recent months to buy and hold. They hope big profit. In the meantime, short term traders will trade and expect small profit. They will choose day or weekly trade and of course they can get profit in a short time. As for me,I prefer short term trade because it is not risky .
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Decision to invest to get profit as investment gains or doing bounty campaign depends on you. If you have idle funds, it is better to invest for getting much more money.But if you don't have enough money, just join bounty campains and from this acitivity you also earn money. This is a safe decison and not risky for you.
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Decision to invest in long term or short term depends on investors personally. How much money to invest and risk tolerance play an important role when you take decision. In Long term investment, investors expect higher profit in the future but we need more time to control price move and be patient to wait when the best moment to take profit. While in short term you just decide your minimum profit target and then sell to get profit.It is safer for you.
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How does affect you bearish market?
Today 2 of my friends brake partnership with me regarding crypto market. We had some collective investment , analysed projects together , sort them out and invested + created telegram channel with crypto reviews. A point is that one of them is crying like a bitch, after such a deep downside, every single hour for last 3 days he reloaded charts and calling me like "Oh no, we are loosing money, we should sell".
Another guy decided that crypto isn't stable, it will die soon and there is a long way till profit, so he just claimed his money back and now he is seeking for a usual job with regular income and stability.
As for me, I am crypto addicted person, and despite such difficulties , I will keep holding
That is a good story and experience. There are several points to note. First. High volume of sale for taking profit will create bearish market as price tends to drop.At this condition you can sell some of your coins and the rest keep holding for better future price.I you have additional funds you can buy more at a lower price. |
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If you want to invest in crypto, You are suggested not to put or invest all your money in one basket of cryptocurrency. You can share your money in eth, litecoin,ripple and may be in btc. The amount you invest in this type of coin depends on how much your money. This decision is taken to maximize your possible investment profit and also at the same time you can control investment risk that may incurred.
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Bitcoin price can be predicted by market analysis.There are two market analysis, they are fundamental and technical analysis.using these analysis we can forecast future price movement, decreasing or increasing. Traders or investors usually use these analysis before deciding to buy bitcoin or sell for profit taking.
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Today is still good time to buy bitcoin.but it is recommended to buy using small amount of your money.please prepare the rest to buy at lower price when price retraces or drops to certain lower level to control your risk and at the same time you you have a better opportunity to get faster profit if price rebound again suddenly.
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i have no idea what the bold part means.
but i don't think decentralized cryptocurrencies such as bitcoin can kill the centralized fiat. fiat as we know it may change form and become a cryptocurrency but the "cash" or paper money will always exist and be used the same way that fiat turned into digital form with debit cards, credit cards and internet banking but cash still exists.
I think so.Cryptocurrency will grow continuesly and supporting each other with cash or paper money. Under decentralized system and blockchain technology used , they will be more famous in the future , widely used all over the world by many related business or institutions.Crypto may be more known in non cash or electronic transactions while cash transactions will be used mostly at small scale transactions like traditional markets and small business. |
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Showing people around you that you have joined and invested in bitcoin. Transaction proof that you have received much money from bitcoin investment or btc activities you have done is aslo a good way to convince them. That means you have succeeded in investment btc no reason for anyone else not to accept bitcoin. They will be more interested in bitcoin after looking at those things directly.
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I'll never think to sell my house and then buy bitcoin.It is a very risky decision. When I want to invest in bitcoin, I 'll try to save my money from my monthly income and then buy a small amount of bitcoin first. Later this bitcoin I can sell it after getting big profit. This a wise decision and I choose this and next time I can use my idle fund only to invest in bitcoin that I can control or minimize risk.
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Decision taken to hold or sell bitcoin depends on you. How much money you have invested and your profit target. As bitcoin holder, if you have seen a profit to be realized, you can sell a part of your bitcoins and the the rest you may hold for future higher price. Holding it for several months, you may get big profit but also must be careful anticipating price drop.
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Referring to current price of bitcoin, I consider that it is still ideal price to invest today. Last month price was lower than this month.that means price has increased again.so don,t let price goes higher without investing or buying soon.
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As bitcoin holder, decision to hold or sell your btc depends on how much profit you expect.if you want higher profit you are suggested to hold it for several months. But in your daily activity you need money to buy your needs or pay something and here you can sell a portion of your bitcoin.in summary, it depends on your profit target and financial condition.
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When you have made money from investing in altcoins, you may keep at your wallet or at exchange agent.This decision depends on you. If you want to hold it within several months to come, it will be better and safer to keep it at your wallet.you have full controll on it and at any time you can cash or transfer to another. While keeping at exchanger, will be more risky because you can not controll it directly. This is my short idea and advice.
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