My best investment strategy has always been the same and will continue to remain so, buy when there is blood on the streets and hold out on the market till the price goes back up again. The price will not stay down forever just like the price can't stay up forever. I sell at the bull run then just patiently wait for the price to fall back down again and just buy back into the market and repeat.
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I still have my job as I never left. Leaving a job for cryptocurrency is not a good idea because bitcoin does not produce a steady stream of income enough to carry out daily needs and others. I work and I have investments in bitcoin which I am holding. Also when I get paid I put a small part aside which I also use to buy and add to my cryptocurrency portfolio and I hold those too.
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I stop trading when the market is red as the potential for losses increases tremendously when the market is this low. I do not risk my coins because I am hoping to make some short term profits. What I do when the market is red is to buy and increase my portfolio and then start holding and waiting for the market to go back up again.
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I will pick long term investing over short term investing anytime, any day. The risks are significantly lower when you buy and hold than when you day trade as with day trading, if you make one wrong move and invest in the wrong coin it will cost you a lot. Long term investing yields immense profits and the only sacrifice you have to make is to give it time and be patient.
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It would be a good thing as it will reach a lot more people when it is advertised on TV and people will get better information and understanding about bitcoin and how it works really. Although the problem becomes, who then pays for these advertisements? There is no single owner or organization that owns bitcoin so unless an investor decides to put up adverts on TV and pay for it with his own money, then it won't happen.
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The biggest advantage of having bitcoins is that you have absolute control over your money. You decide what to do with it and what is appropriate for it. It is decentralized and no one person controls it. Bitcoin also has the potential to make you a lot of money when you buy low and sell high. All it involves is having patience and waiting for the price to go back up is all.
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I like the technology behind them. Also the purpose and algorithm behind cryptocurrencies are sound so I believe in it. It has also made me money which is a very positive aspect of my involvement in the cryptocurrency market. I really like cryptos and I invest in them as much as I can. The potentials are endless and so is my believe in them.
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Obviously so. Which is why governments are fighting so hard against it, they know that bitcoin is the new era of currency but when they discovered that there is no way for them to control it, they know that it is going to take over their financial systems which are already in place. Bitcoin literally takes power away from the few and puts in the hands of the many and this scares them.
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When the price goes down in proportions like these then it is always good to buy and hold the coins and wait for the bear market to pass then await some more for the bull market which always seem to reach proportions of twice the previous ATH. So yes, buy as much as you can afford and store the coins for now. Hold and when the price goes back up you will certainly be making money.
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No one can tell if a crisis is coming but something is certain, when the whales decide it's time for the price of bitcoin to go up, they will pump the price and it will go up. I do not know about the crisis but I have heard a few people talk about crisis coming but normally I do not believe stories like these, I look at the market and the prices as that is the best and most tangible thing I see in this market.
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The value of bitcoin is completely dependent on human interest in it. It's popularity plays a big part in giving it value because the more popular it gets the more people get interested in it and invest in it. As long as people buy and sell bitcoin, use bitcoin for transactions and trade bitcoin then bitcoin will always have value. And as demand increases, so will the price of bitcoin and the value will increase.
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Yes bitcoin has yielded profits and returns which gold hasn't yielded in a long time but I do not believe bitcoin has defeated gold. Gold is a physical asset which will remain even when internet and electricity goes out if an event of apocalyptic proportions were to happen, while bitcoin is a digital asset which is gone if the internet access is lost. They are both good assets by their own rights so people should invest on whatever they choose.
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Holding is always the option I pick in cases like these. I've seen enough bear and bull markets to know that this is just another one of the normal market movements so it will stay for a while then it will end as the market starts to steadily recover which is often the beginning of a bull market which I know is where I will make money and be rewarded for my wait. So definitely hodling.
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Both will have very high values in the future I believe although I don't think ethereum will catch up with bitcoin. Bitcoin will always be the number one coin as long as cryptocurrencies are involved and will always have the highest value and the highest price. But ethereum would do very well too in the coming years as it's also very popular and a lot of investors have decided to put their money into investing in ethereum.
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As a currency, the volatility affects the value of the currency greatly. Imagine having $150 worth of coins worth about $60 now, this is obviously not good as the value has greatly increased so you would have to spend more coins to get whatever you wanted as first. But as an investment, the volatility of bitcoin is a good thing because without bear and bull markets, there will be no way to make profits if the price stays at a single value. So, it really all depends on what angle you are looking at it from.
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Normally this would have been the case and we would be expecting a bull market in march but with so much FUD and also Mt Gox selling off such a large amount of coins on the open market, it has affected the market greatly, the recovery pattern isn't very strong and also market value isn't picking back up as fast as it should so I don't think we should expect any bull market this march.
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Hey thanks for the PM. I might buy some.
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Bitcoin is the most secure in many ways of all the cryptos. Some offer more security in terms of privacy, but none of their networks are even close to the BTC network!
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