You will find, out of luck anyone can make some profits, but it takes more than pure luck to sustain any profit made. Without strong and  deep roots in knowledge and ways of trading, the fact of such trader already is foreclosed. That is why you readily see some traders back at one regardless the huge profits they had had, some even had the privilege of starting off with some reasonable bankroll.

It's unfortunate, there're may people in that category, especially some Wall Street guys, who cannot fathom why such a financial phenomenon have had to take off without them. It's the helpless situation they found themselves around Bitcoin that have snowballed into blackmail attempts, which every Bitcoin enthusiast should have known by now and become the wiser.

The people behind these bad news have just one aim, which is to rip off as much Bitcoin from gullible early adopters before the moon landing, which they themselves believe strongly.

HODLing is actually investing in a coin you have faith would appreciate sometime in the future and incidentally the prices of all coin went down in recent times, so it was an ample opportunity for people to stash their favorite altcoins and then wait for when the expected would come through and it does!

There is no sense in saying HODLing ended with Bitcoin and it's now history, because must Bitcoin enthusiasts saw an opportunity when price dropped below $7000, now check the price today and see what you missed. Same goes for the established altcoins.

I am also holding both Bitcoin and Ether, though not as a way to reduce the risks to my investment, because data from the market shows both cannot effective hedge each other and it is only to an extent that it can be said to be diversification. The main reason holding both of them makes sense is because until now, the entire cryptocurrency world revolves around the two.

The combination of Bollinger Band and reverse Head n Shoulders pattern below is an indication that the bulls are back to business. From my calculation, we are going to breach the 0.06504291 today. That's to say, don't wait until we're there, then you start saying, "wish I had bought some back then.





EDIT: Look at that leap shortly



And it goes on:

Most of the exchange hacks had insiders, so all those security features are not water, but only as good as an exchange let them be. I think something common and even more worrisome about the use of exchanges and which lot of people are oblivious of, is the very high transaction fees we are having to part with every time we made use of the exchange. Even though the price for transaction fee for Bitcoin have now gone down appreciably low , yet some exchanges stii asking for no less than O.00100000 BTC  before request for withdrawal is granted.

Also you may want to take heed that your choice of what coin is good, is borne out of your extensive studies and researches and not just the hype of its developers and hobbyist, which are often day dreams or illusions and the fewer the coins one has to keep tabs on, the better.

Basically you're saying it isn't possible to short cryptocurrencies and that is apparently so, because almost all exchanges do not support the feature, but that is one such occasion where an earlier knowledge an skills in trading forex can give a cryptotrader a head up on shorting can eventually be achieved. Bottomline is, don't pass up the opportunity of learning to trade in the forex market, even as the real plan is to end up a crypto trader.

Thumps up Ethan-x! You guys are doing great at YOLOdice and interesting to note you would be opening up the campaign to take in new members. I will be looking forward to the announcement, so I can take my spot back.
 
I am thinking you may want to scale down on the 40 posts per week a little bit, for sustenance of quality posts across board! Best of luck.

Understandably most people would not share your point of view that it's okay even when the market is red because the vast majority of them are sold to the idea that Bitcoin is destined for the moon and so almost anytime prices point in opposite direction most people start to panic. However for knowledgeable traders, a red market turns out invitation to buy those coins at cheaper rates.

All those calling cryptocurrency a bubble, clearly demonstrate a lack of proper understanding of what cryptocurrencies are and how far they have already gone ahead in redefining the future of money. Presently it's no wonder or a coincidence that the number of people in that camp have been getting fewer with each passing day and even more glaring is the fact that most governments that earlier on set out to ban Bitcoin, the flagship cryptocurrency, have had to have a rethink, because it became obvious, they were more or less fighting the wind. This is the time for cryptocurrencies, they're certainly here to stay!

That is good news to not only the Bitcoin community but the entire cryptoworld, because that would translate to the injection of more funds into the market, which would boost the price and we know whatever raises the boat of Bitcoin also rubs off on the altcoins. We would likely be seeing many of those nay sayers at Wall Streets taking back their words, as the awareness and adoption of Bitcoin keeps growing in leaps and bounce especially as the treat of very high transaction fees and delays in network confirmation are now behind us.

You forgot to add that leverage is actually a double edged sword and so it is not something to handle without great care! I have traded forex with same leverage and won't much issues in giving this a try, but I won't recommend it for newbie traders or anyone who could lose his shirt and sleep should the market go the other way and which it does often.

Some salient points you stirred up there and without any doubt, patience is indispensable for success in any form of trading and particularly so in crypto trading, because the technology and market are still evolving and surprises are to be expected. However, patience should never be taken as substitute for sound and well informed trading decisions. It should be worthy of note that, first and foremost should be a trader's ability to make good trading decisions and then the patience to create the breathing space while the market takes its course.

I agree the whole essence of technical analysis is to bring a trader or investor to the point, where he can be  able to make educated guesses about market direction and nothing says he has got to be 100% correct. Some traders especially the less experienced ones, however, often run into some hiccups in trying to interpret the information gotten from these tools.

The prediction above did not make any assertion that the $5,500 price level will be breached, rather it gave a hint that there's a possibility. Which is to say that waiting to buy precisely at that level might end up a forlorn hope, because price may as well rally from its present level to a new ATH. At that, one of the educated guesses a trader can make here to not lose out completely, is to buy some bit at current price and more, say every $500 deep, the market tests.

Must be above is the opinion of yet another person not versed in forex trade, because brokers abound that readily grant no deposit bonuses as incentive to would be traders and  there are many brokers that accepts as little as $5 minimum deposits. As for the requirements for KYC, the forex market is regulated to a large extent and it has become a standard practice in the financial market and isn't an issue unless one has something to hide.

Obviously OP was wrong in his choice of coins but that isn't so much his problem as is the apparent lack of enthusiasm in investing in himself over the years, for better understanding of the crypto market and how it works. There're a number of people who have dived headlong into the market on seeing or hearing the successes of others, without pausing to take note of the secrets behind the successes - every business has its secret. To knowledgeable traders and investors, HODLing is not a holy grail, it's an investment tool and like all such tools, they thrive with right knowledge and application.

Indeed it is for times like now, when most trades and investors are still battling with fear and uncertainties that Warren Buffet encourages savvy investors to become greedy. The best time though to have started mopping up the excess supply of almost all coins was yesterday, but today is still an opportunity because prices are still relatively low. First thing though, would be the capability of identifying and sieving out shitcoins.

It becomes a silly decision when we start to take an exchange for a bank, thereby stashing huge amounts in them, instead of the much just enough for our trading and it's even more brainless, when the amount involved is not anything we can afford to lose. It's also no less a silly decision when one fails to see the pitfall in settling for online wallets instead of investing in hardware wallet, especially as their holdings starts to gather weight!

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