Crash is best time to accumulate.. Buy on dip reap the reward when boom time and many people are talking about it.
Or reshuffle your portfolio, there are already crappie anywhere (i assume you get in during december period), chnage your holding from shitcoins to more quality top coins.
Enjoy the ride.. Every investment asset follow the same cycle. Bitcoin is a bit different because conventional economist don't understand the tech and crypto actually follows most investment cycle too amid in more meteorite speed.
Many people suggest to buy when a crash occurs, while many people's assets are being stuck on a coin and waiting for the price to go up? I myself also experienced it, I hold my bitcoin because the price is very cheap, while the current time is right to buy? what should i do, do cutlose? I began to realize backup plans or backups of funds are needed |
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It is so hard to predict the bitcoin price value per day. We cannot assure what will happen to bitcoin value. Just like on stocks, we should know when to sell, or when to invest. Bitcoin is too risky for us, selling is the best way to earn, but you should know when to sell.
yes, it is difficult to predict bitcoin price because we still don't know when the price is down or up but we still have a clue to try to make a profit. and if we can watch the price trends in daily, I think we can use the analysis to predict where the price wants to go so we can follow the price and make the decision to buy or to sell or even to hold. the time to sell is when we can see that we can make a profit when the price is up and not hold because we want bigger profit. I always have a target or a benchmark when I have to sell my bitcoin. of course the key is higher than the price I bought before, if the price has exceeded the price I bought earlier I will start doing the analysis when the price will stop rising then i will sell it, do not holdyour bitcoin for too long, if you want to get a quick profit |
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Crash is happening right now, but the price drop will not be so horrible like down to $5000, I myself believe that the recover that occurred to make bitcoin prices become more powerful, it will stabilize the bottom bitcoin price position and the current bottom line may be only up to $7k. yeah this time the market becomes red and trading is very risky lol |
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Why are people panic selling right now? Scared of a little regulation? That is bull! G20? All they might do is AML prevention. If you are not laundering money, nothing will happen to you!! And we don't want money launders in our midst anyway! Chillax, it will be OK!
I can not understand why so many guys in panic now. I saw the graphs on coinmarketcap. We are just step on the path of growth. Most of the currencies are growing. We should try to find the right currency to put money in. how not to panic dude, the price of most crypto more often red than green? and in the last 2 months the price has not happened recover at all right? so do not be surprised many people panic because they may still hold when they buy at ATH? I think this time is a hard time for them because prices do not go up so long, but it is true what the OP says cutlose will hurt you, just relax Everything will be alright |
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I feel unable to do daily trading in market bitcoin / cryptocurrency, I want to invest my money. please give me advise on what you think is good about:
1. bank deposits
2. Lending cryptocurrency
3. Mining
4. Gold assets
5. Property
6. other ideas ...
your response will be very useful for me, and maybe some visitors who read this thread. and thank you for your comments.
if you can not do daily trading because you do not have much time, maybe you can use another way that only takes 1 time analysis only, currently a very potential investment is property and real estate you are just looking for a strategic location and buy land or house there, in a few years you're going to make big profits, but if you want an active income like daily trading you can try mining |
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if bitcoin is low price then so difficult to earn big profits and all altcoin going down like now im still holding hopping bitcoin will be rise up again then all altcoin will be pump again
Yeah youre right.But the big reason why I like bitcoin to make it higher price its because all altcoins will be independent of bitcoin as I have notice in coinmarket cap. If the price of the bitcoin is high the more profit you get. A lot of traders have been waiting the price of bitcoin peak high to gain more profit in their investment. Because of the high price of bitcoin many traders are now rich in a short period of time and thats the reason why we want high price of bitcoin. Hopefully the price of the bitcoin will stable at the high price for our better future. actually the one that is worth the price increase is the holder or older users because they already have a lot of bitcoins in their wallets so they are very waiting and really want the high price to happen, the effect for new users of course they will also benefit even though not too big like older users, Another effect for bitcoin is "the higher bitcoin price then popularity will also increase" |
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Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.   Physical Money because you can use it on malls ob restaurant because not all restaurants accepts cryptocurrency payments and if you are using Physical Money you can buy what you see not like electronics money. Electronic money is not just cryptocurrency, but there are many types of electronic money like internet banking, credit cards, debit cards and so forth, electronic money is more likely to be interpreted as money that has no physical shape and usually use the internet system to operate it and it's much simpler and more flexible than using physical money |
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If what you spend your time doing as a trader is to research your investment, propounds theory about pricing and it's behaviour, that is good thing to spend your time on and I would consider it as spend to much time trading. But if you are simply speculation and trading in the dark, that will take your time and you will lose money!
Yeah I think trading takes a long time because to get a profit in trading you need to do analysis, research, and so forth. and it takes a long time? when you're trading but you're doing the analysis just a few minutes only, I think your strategy will not be too mature and maybe the chances of profit will be smaller |
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I don't think but this is a great opportunity for me to see a dropping value because it just mean for me that i need to buy some more bitcoin and other coins that i like that their is moving down or it is experiencing some dropping value. Because of the dropping value also, i can easily make a few trades because the price of the altcoins are more on having a dip which is a quick profit for traders like me.
Traders should be able to take advantage/chance of the best possible opportunity, when many people panic and sell their bitcoin because of the weakening of the market price, we should see it as an opportunity to buy, because after the price stops down there will be a bounce, do not always see from the negative side mate, yeah down price is precisely a golden opportunity to make a quick profit |
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I bought 3 btc on credit for 19k about. What should I do? I am way underwater.
Absolutely you are losing mate, it's price today continuously at half since you buy it. There is only 2 options for you, sell it and buy other coins or keep on holding until price will be back again.. Why buy other coins and risk even more? Selling will only hurt you too big, I want to ask you, are you sure about the future of bitcoin? if you're sure the only option is to holding you bitcoin, holding it will keep you away from losing, I myself also believe the price will definitely return to that position even much higher, You just need to be patient, yeah adding coins / assets means increasing risk |
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The problem is huge as cryptocurrencies are a priori seen as an illegal mean of payment. We have to raise awareness among the authorities and create a clear image of how this technology can be used for good. Some companies are exploring the possibilities.
Bitcoin image has spread throughout the world as a crime currency, with existing anonymous facilities making many cases of financial crime involving bitcoin, yeah I think we should make them realize/awareness that bitcoin is not just an illegal currency but can be used for positive things, many people are helped because the secure, decentralized bitcoin finance system gives everyone complete freedom, that's a small example |
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We can't control the emotions too much, because they are automatic processes; but we can prevent them from push us to do reckless actions.
As always, the greatest help comes from Eastern techniques: if even in the event of maximum stress we can stop and breath, it becomes much easier to control one's emotions.
the first emotion is a natural thing when something happens do not match your expectations, yeah we can only prevent our minds from engaging in recklessness like cutlose or the like, we can control our emotions by thinking positive and patient, I know many people who panic when the price drops like some time ago, but be patient is the right thing to prevent you from doing cutlose and you can see the current price is starting to show a positive trend |
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About the growing number of traders, I think that's a good thing. That means more transactions. If no one buys, I do not think anyone will sell either.
I think so. Many traders will be good at trading the altcoins. Trading will be better when there are more people entering the crypto market. Demand will increase and market volume will go up. Then, buying and selling altcoin will become faster and easier because there are more buying and selling needs. Thats true, the more traders the marketcap will get bigger in the crypto and you will get faster in getting your orders in the market, besides the increase in total trader will certainly make the demand increasing and impact on the increasingly expensive bitcoin prices, so it will give us an advantage, of course the effect of more and more traders is a positive |
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I would be happy to use bitcoin even if the price would be stable because that is a peace of mind for me and i don't need to worry for the fast price changes in the market because all i need to do is to just stick my attention to bitcoin since the price is not a problem for me so i can just work hard and earn more money without having a high risk of losing profits.
I'm guessing you earn bitcoin instead of trading? because some traders will surely prefer fluctuating prices or fast-moving prices, because with it can give big profit in a short time, whereas when the price becomes stable of course big profits in a short time will be difficult to obtain, if you use other methods to get bitcoin, surely the stable price will not be too influential to you right? |
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Why wouldn't I? These two potentialities highlighted by you is even enough for A Bitcoin addict to stick to Bitcoin during it's instability, not to now talk of when it is stabled. I cherished Bitcoin for it's volatility that keeps it going in the Crypto world, as I equally adore Bitcoin for it's Financial benefits since I know my ways in this field of on line Digital store of value.
Yes, I will and always will. My main reason to having some bitcoin to myself anyway is to be able to make transactions across border without the government breathing down my neck and bitcoin has been able to solve that, so why would I want to stop using it because it is stable. The increase in value most times is just a plus to my holding, but who really cares as what I have been holding for the past 4 years anyway has increased more than I would spend all at once if it stabilizes. because many people think most bitcoin users are investors, where many users like fluctuations because it gives a rich possibility in one night, whereas there are many users who use bitcoin not just to invest, for example you are using bitcoin for transactions and sending money of course stable prices will not too influential. |
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How are you handling your portfolio? How much are risking in % of your portfolio in short term gain vs. Long term gain?
In managing my portfolio, I will start selling less popular and unlikely coins, then I switch to coins that have good potential in the future. The risk I have in my assets is about 50% to 30% of short-term and long-term profits. everyone has their own strategy. I prefer safely rather than risk, so I prefer long-term investments rather than short-term, I just buy potential coins like Ethereum, Waves, and Ripple. probably almost over 80% of my assets I use for the long term and some others I use for short term like trading |
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Very nice information, I started to look around and soon avoided most of youtube sruff coz it’s not very professional!
one of my fav free courses it’s on tradingview (its one of the too if not the top charting and trading websites in the world!)
they have a very good basic trading and investing strategy course that gives you a pretty good starting point!
also I like:
-fundseeder
-investopedia
-twitter top traders
if I learn about the basics of trading. initially I search for articles on google and tutorials on youtube just for basics, then to find tips and references to which coins are potential or when the right time to buy sometimes I see tips from expert traders on twitter, many traders who provide knowledge and good reference for you there |
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News which say that bitcoin will go to 100k dollars appeared every day during the rapid growth of bitcoin. Why? Whales need to sell their BTC at the highest price. Now the price is falling and there are news that bitcoin goes to hell. Why? Whales want to buy cheap coins. That's all.
Thats true, who users are not interested in selling at the price of $19k? of course that's what the whales does, and when the price goes down as it is right now that a lot of whales sell at that price, and nowadays many of them may start doing dumps, so do not think negatively about bitcoin, bitcoin will not possibly go back to $1000, precisely I'm sure the price will probably reach $100k in this year |
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I agree that day trade is more very stressful on my part rather than on just simply holding.Only few traders does have the capability or skills to sustain on day trading.Profits might be small but those are on constant basis which i do see this is way more profitable than on just simply holding.
I would also add that daily trading requires a lot of emotional discipline. We all tend to react emotionally to market changes, get overexcited easily. Learning how to stay calm is a must for a successful trading. Yeah can be said only expert and experienced traders are suitable for day trading because it takes a patience and high time dedication to a day trading, let alone the risk is also quite large, I myself prefer to holding because it is more relaxed, lower risk and of course profit as well can be quite big |
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Okay let us say it really worked for you.
But not all have the same experience as you did.
Believed the news and end up dumping and regrets the next pump that happen.
This news can also be used to manipulate the rotation of the price of one altcoin. Can be used to cause panic ending up a dump for most newbies. But, do they have that right amount to shake one altcoins price?
It will still be depending on the whales that are holding the largest portion of the pie.
but in fact this time cryptocurrency market is more easily influenced by fud, rumors, and news. for example yesterday dump happened because in news "google will prohibit advertisement about cryptocurrency" and its make bitcoin price and overall cryptocurrency decrease, but surely there are some other factors that also influence market but I agree to OP |
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