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To keep thing simple: doesn't it all depend on how good you are as a trader vs how good the algoritm or bot is?
Not much info or details about the bot or algo's I found on the site so it's hard to say.
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Hodl or Trade: it all depends on the time (and price) you bought initially. However, remember that doing nothing is actually trading all the time: you keep thinking and believing the idea that the price will go up and higher (eventually). But ask yourself: if you think or are so sure that the price will go higher, why don't you know (or think) the price will or can go down too? And if so, why would you keep hodling if you see it going down ? Markets go in cycles, both short and longterm. Imho: hodling can be profitable, but you will miss a lot of opportunities between these cycles.
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It is more the Art of having Patience. You don't need to be in a trade all the time. Waiting and doing nothing for a while, name it quitting if you want, can be very profitable too.
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This book looks like a good and short overview of most common patterns. Thanks for sharing!
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Not really an answer to your question, but imho, it doesn't matter so much *what* you buy. It matters more *when* you buy , and sell. Any good/bad project can make you profit or loss. Besides, good and bad projects are very subjective topics.
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So what are you saying? You like working for free yourself , to buy food for other people? Or do you expect that other people work for you so you can buy food with their money?
Be honest, almost each person is a capitalist.. and it is totally diffeferent than "corporatism" where people are put in poverty by design and intention. Of course there are people who don't want or need money to be happy , but then they don't have a reason to be mad at those who have or want another kind of (extra) wealth.
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When the next crisis hits, see what happened in the past when banks close their doors for the bankruns...
Also , in the EU, the middleclass is getting robbed more and more by governments. Crypto is one of the best alternatives against this. So no, I don't think crypto prices will crash in the next crisis.
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One issue with selling when BTC dumps, is that at the time you get the information, you are already too late to catch the price difference. Of course, if you know beforehand it will dump again, you should sell, but you never know. At this point, chance of prices to stabilize and go up again, are higher than going lower.
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Eventually the collapse of the Financial and Banking sector will lead the world to Bitcoin and Crypto and Blockchain in general. The problems (and government debt) only got worse since 2008.
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It depends from person to person. Some like reading, or watching, or both, .. use whatever way that feels best for you. There are many crap (and great!) video's or books.. But the only way to learn is by doing, so try a demo platform or start trading with a very small amount.
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I agree in most cases. What I've seen a few times is that the price goes up before the news, and when the news is actually there, previous investors dump to get the current profits.
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It is easy to say that we have hit the bottom now. But if so: where are all investors that are driving price up because they don't want to miss the boat? I also think we are going up from now. BTC won't go to the 3K area people talked about. But for every buyer now there is also a seller that thinks BTC goes down.. else they wouldn't sell.
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Imho, Binance is a good exchange (I like the volume), but i miss the possibity of placing 'OCO' orders. Also Order history in the trading view can be buggy.
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Thanks for your tips & advise. I also want to add that it helps if you know other people who can give valuable feedback on what you're doing and trying to achieve. In most cases, those people are difficult to find. So choose your friends wisely. And like also said, don't forget the marketing.
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Patience is very important indeed. But "time" works in both ways: waiting to long to buy or sell can also turn out bad. Like said before, it is important to adapt to the market situation and act accordingly. In theory we all know this and it looks easy, but it's not..
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Success no .. popularity yes. But that doesn't mean the price will moon and that you are able to buy low & sell high.
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If you lose money with it .. people will say you're an addict and you need help. If you make profit... people will say you're a financial hero with a great passion.
Even when you take it seriously in both situations with everything you're capable of..
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Most difficult aspect of trading, at least in my opinion, is being patient and the waiting for the best entries and exits. So it's a bit mastering your own mind, against all the knowledge about trading you think you have.
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I don't mind it is for your marketing if the content is good. I miss some charting examples, but thanks for sharing!
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If you start with trading.. Try to be profitable without any %gains as purpose. Not getting rekt is difficult enough.
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