Investing in bitcoin is already a risk,and i can say the chance is 50-50 to either gain or lose.It's really unpredictable but that is how bitcoin or the market works because of its volatility.I consider timing as one factor for you to either gain or lose and since this topic has been posted before bitcoin made a bullish run in a span of 3-4 months then i can say you have gain a lot already even if you cash out after the crash.
If you know how to analyze a coin then you can increase that 50% of gain up to 80-90% because a good analyzation will bring you in the gold days that you will be just earning and earning. I think that it takes time before you reach to that point but overall, it is a great investment for yourself that you can get some benefit in the future. |
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We should hold and we should not sell or trade it back into bitcoin because that is not a good thing to do in the cryptocurrency market and if the cryptocurrencies are dumping hard then the best thing to do is to refresh the things why you buy that coin and think always for long term so you will be able to have some motivation to hold them for long.
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As the price of bitcoin is going down then it is a good thing to ready our fiat money and start getting some bitcoin because this is the same scenario for bitcoin in the past few years that the price of bitcoin dips a little bit and goes up again after a few weeks from the dip and if you are a smart investor then you know what to do which is to buy some bitcoin.
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We should scoop a lot of altcoins that are in the top 10 of the cryptocurrency market so we can get them in a discounted price which is a great entry for either short or long term position so if i were you, i will buy bitcoin right now and get some altcoins aside from bitcoin because it is healthy to have altcoins in our portfolio.
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The start of bitcoin for this year is not good because as we can see that the price of bitcoin is dumping and i think that the price of bitcoin is aiming for a lower price like 10k or even 8k so i think that this 2018 will not be that good instantly because it will need a lot of patience and support from the people around the world that uses crypto.
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If you will join into different signature campaigns or bounty campaigns here in our forum then you can easily make money with cryptocurrencies especially those cryptocurrencies who got a great team and also great project that might be useful in the long term and that can be the start for you for becoming a rich person.
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As you can see 2017 brings great fortune to the bitcoin users and there are many others who want to invest in it as it progress future more who know what will gonna happene in coming up years.
Yes I think so, bitcoin surprised us all last year on how huge it changed to its amount or value. This year I believed that it will continue to increase more. As many user invest here because they know that they can get more profit as they continue to hold their bitcoins. Hoping for more progress and improvement about bitcoin these year. I am also positive on bitcoin for these coming years because the price of bitcoin is a huge jump compare to the price of the last year. I really think that this run will continue because people are now FOMOed and they are afraid to miss this opportunity so they are putting their money and once bitcoin get a big news then it will blow the market up again and it will make more noises by breaking its recent all time highs. |
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If you want to predict the market then you should invest a lot of your time in understand or learning the way of trading because it needs a lot of time like understanding the charting of the coins from different exchanges so you will be able to have a vision on the possible thing or scenario that may happen in the future with that coin.
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Loss in trading is so normal and there is nothing to worry about if we will experience some losses in trading and we should accept and it make it as our source of learning where we can get information that we can use to improve ourselves and also improve our trading performance which is the key for us to reach our trading goals.
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We should not just use bitcoin because we should take the opportunity that we got in bitcoin that can change our lives. Bitcoin got a lot of great opportunities ahead and it is just waiting us to grab them and if we will just use bitcoin as a mode of payment then there will be no change in our life because the opportunity in bitcoin needs to be grabbed by us and we should make an action towards it.
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I don't think that it is true that bitcoin doesn't have a role in real world because bitcoin is serving as an option for mode of payments where people can choose bitcoin over fiat to send money which is faster and also convenient because it is still has a lower rate of fee compare to other mode of payments in terms of huge transactions.
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You need to have some capital first in bitcoin in order to have a capability to buy some altcoins in the market. After you prepare your bitcoin for a capital then you should study the chart first like how to read the candlesticks and also how to use some indicators that you may see in the different exchanges or site that will enable you to use as a charting tool.
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I will choose binance over bittrex because binance got a lot of coins in their exchange and they are getting more and more popular and they can surpass bittrex anytime soon so i think that binance will be a great site and with a lot of great coins and also i hope that even they are getting bigger they will have a very responsive support.
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In trading how do you know if it is time to still hold or is it the right time to sell? Do you go buy your profit margin or actually wait for the highest possible peak?
For example if you're earning like 10% of your investment, would you just sell or would you be interested in waiting and seeing if it goes more up so you could earn more, in doing that its possible that it may go down and you then earn like 5-8%
But what is your process in this? How do you go about hold and sell timings?
Holding only! From my experience only holding could give u enough money.. If there is no such need of money and you can manage the things in a well manner without selling your bitcoins, then there is no such need of selling your bitcoins. In that case, simply keep holding your bitcoins as this will help you in having more money. On the other hand, if there is some sever need of money, go for selling your bitcoins but do keep this thing in your mind that you are not selling your coins at the time when the market value is falling down. Both of holding and selling are good because it really depends on your choice and goal in life. If you have enough amount of bitcoin then it is a good idea to just sell it in order to get what you want in life like a house or a fancy car and so son. Holding bitcoin is good when you want to enjoy the price swings and you still want to more profits or just use your bitcoin to trade different altcoins or invest into them. |
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This is a must. Saving bitcoin is a must because it will help us to secure our future since the price of bitcoin is going up and if we will save a lot of bitcoins and if the price spikes up to more than $50,000 then it will be a really good news for the bitcoin savers and holders because they will finally get a lot of profits or money from their bitcoin.
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I think it is best to do both rather than choosing just one of them. Working in signature campaign will help you to have capital because when you finished working in signature campaign then you will get coins that you can either sell for bitcoin and use that bitcoin to do trading so you can grow it into a bigger amounts.
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At the end of 2018, i think bitcoin will be costing more than the price right now maybe the price is already 300% of the price right now at the end of 2018. Bitcoin has a lot of potential this year because of the possible massive adoption that might happen in this year because of the awareness for bitcoin.
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I hope that bitcoin will get a great momentum in Africa because for me it will not have a huge progress in the demand of bitcoin but it will be a huge help for themselves because if they will accept bitcoin then they will have a good choice for the possible source of income for them that they can stick with.
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People sell bitcoins because they are afraid of the volatility of the bitcoin's market because they can easily make and lose money and if they think that they earned enough money for their expenses then they will just sell bitcoin without thinking about it for twice and that is the typical bitcoin user but if you are really into bitcoin then you will hold it for long term.
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Bitcoin is literally changing the world because people will now use bitcoin more than the fiat because they know that it is secure and also faster than the traditional mode of remittance that they are currently using which is full of centralization while bitcoin is decentralization which offers freedom and a lot of options for its users.
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