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I always trade the coins that has a high volume because that is the safe zone for me because when they have a huge volume then it is a safe trade for me because the market will become so active and in my opinion, it will give me a sure profit even though it is huge or not then it is still a profit and that is how i am dealing with trading since from the start.
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I will stick to day trading rather than holding because holding is boring and since i don't have any things to do everyday because i am not employed then day trading is my primary job and i will do my best to earn profit per day at the minimum of $100 per day and i will keep rolling them until i got my first million and buy the finer things in life.
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I buy a lot of coins when the market is falling down and i learned that from different of my friends because that is what they think that the best time to buy because it is like in the malls that they are on sale and buying a lot of things when the stores is at sale is the best feeling because you feel that you saved a lot of money.
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I also think that the price of bitcoin will go down because the hype was so over expected and you can see a huge price from the price of $2,000 this year and i think that there will be a huge correction for the price in bitcoin and that is a good advantage for sure for the people who didn't buy bitcoin yet and planning to jump into the train.
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By trading, you can easily grow your bitcoin and that is how you will grow it exponentially. Bitcoin trading is one of the kind of trading that you can try and practice and after you get comfortable with that then you can try trading altcoins which is better because of the increase quantities of coins that you can trade and they can easily move up and down because of the cheapness of its price.
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I did convince my parents to invest in bitcoin because when they have savings in bank and they noticed that the interest was very low then i came to them and told them that i have an idea that is better than putting their money in banks as a savings and i introduced them bitcoin and slowly but surely explain it to a very simple explanation and right now they gain a few profits by just putting some of their money in bitcoin and it is a very big gap from the interest in banks and bitcoin.
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Bitcoin cannot kill the alt coins because they have their own lives and they have their own developers and communities that will support each and every altcoin that is in the market and the only thing that bitcoin can do is to affect the prices of all the altcoins since the bitcoin is very dominant but after than that there is nothing that bitcoin can do especially if we will talk about the lives of the alt coins.
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Hello guys! I am planning on investing all my savings (12500$) in cryptocurrency, so I would really like to hear your opinion. My current plan is to split it in to 3 :
-50% bitcoin.
-25% ethereum.
-25% litecoin.
I am investing the money at the next dip.
Please post your opinion guys.
Edit: I should mention that this is for a longtherm hold, about 5-10 years
Sorry for my bad english, but I am better reading it than writing it.. :p
Your plan in investing 50% of your saving to bitcoin is a good idea. But don't do it now wait for the fork this month so that you can see if it is a good idea to invest that 50% of your savings. But for altcoins i think dont invest in ethereum there are bad rumors about this coins. I agree to just wait for the fork to happen before investing because it might give some good entry when the fork is done because there might be a lot of dips after the fork because a lot of people will sell their bitcoin to secure their profit and about the altcoins especially ethereum. I think that they are just saying that because they want to create a negative news for ethereum and for the people to sell their ethereum and grab it like the classic strategy that almost everybody do when they want to have a cheap coin. |
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very many good coins to buy, it depends on your accuracy to choose, before you choose the coins you want to buy, you should see the potential of the coin, by looking at their threads, and see how the development of coin prices in the market
That is how to choose the coins to buy in the market. Looking at their threads and reading a lot of comments in their threads and observing the progress of the coin is the best way to determine if a coin going to have a great potential in the future and if it is really worth it to spare some your own money to the coins because it can be risky but with great analysis it will lessen the risk of investing. |
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We should sell bitcoin right now because the price of bitcoin is still testing on the top and it is not strong enough to stay there a lot so i think that we should sell and just wait for another dump of the price in the market and buy back again so we can increase the possible amount of bitcoin that we can buy and selling bitcoin is not bad because it is just normal for a person who want to take advantage of the volatility.
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If you want to trade like a pro in cryptocurrency markets then you should master the basic fundamentals like being a good analyst in information and also in the chart or reading the chart because that will serve as your way of determining the good movement in trading and that is why the professional traders are still good since then because they know the basic fundamental.
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When i have loss particularly in trading, i feel bad for myself because i did a mistake that acts as a cause why i decreased my bitcoin but at the same time, it is still alright for me because my mentor told me that there is no mistakes in life, it is literally a lesson because i can make it as a source of making decision to avoid the same result.
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I use more than 3 exchanges and two of them are bittrex and poloniex because they are best for me to do day trading since almost all of the altcoins there are changing its price everyday and that is how i am making bitcoin out of trading. But my favorite is bittrex because of its great acceptance to the new altcoins because most of the new and with high potential altcoin are there.
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according to my own personal experience i start buying whenever the price of bitcoin going down and whenever the price of bitcoin is going increasing then i start selling my coin which will give me enough profit.
That is maybe the safest way of trading, also interesting one. I didn't consider that before, it sounds safer. For me there is always a dilemma when to buy and when to sell, like in many cases not just me. But with your way of looking on trading... yes you earn a bit lower, but your way of trading is safer. That is what is sometime important, better to earn a bit less, than to make a mistake. But i don't regret anything that I have done in trading. Thanks for idea.  If you are doing trading without any strategy this gives nothing simply selling depends on the higher rates and like other do I also wait for the high prices to come so that I can make good piece of profit and more of it bitcoin is the name of strategy simply and there are some thumb rule like buy low sell high this makes a person successful trader and simply apply this technique to achieve big in this field. The best strategy of earning huge profit from bitcoin is holding on this coin for long and keep on investing small portion of salary into bitcoin. It will not lay any kind of financial stress on the investor. In trading, a person needs to stay alert and active because the market value of this digital asset changes at unexpected rate. From the last few months, bitcoin has been surprising all of the digital investors around the world. Yeah that is the best and safest way that i know to earn huge profit in bitcoin and other crypto and that is to hold them for long because their prices are always going up and if you will invest your money into the good coins in the market then it is very possible for you to earn huge profit by just waiting for the price to go up. |
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Before choosing this decision you should check all the possibility of your outcome from trading because if you are a good trader why you want to quit trading. And if you are not satisfied from trading then I think they should change the currency form one to another good currency they will not quit trading.
His reason why he quit in trading is simply because he is not good on it, he have spent a lot of time figuring how to be profitable but he did not achieve it. There is a limit of everything and even if trading is profitable for some people we might not have the same destiny as they have. There are things that is not destined to you like trading where he find not profitable for him even he already did his best. Trading is not for everyone and quitting to the things that you are not good is a good decision for me because it will help you to find other things and open more opportunities that can be the answer for you to find a profitable way. |
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Bitcoin can be mainstream if the all of the governments in all the countries will make it legal because bitcoin is always ready for being mainstream and it is jut waiting the government to make it as an official currency and after that those people who are hesitating for accepting bitcoin will not be bother by the government anymore because the government will make it as a legal currency.
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I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
i think you need to learn how to be patience while the price is down because selling your coins at the bottom is not a good decision because sometimes the price will be bounce up again. first thing you need to learn is you need to know when the trend is up and down so you can easily to analyze when something is happen. beside that, you need to check the price in the market and you need to take a look in order buy and sell position. after you know and you can analyze what will be happen, then you can know what next that you should do. If the market is full of red then the best thing to do is to just hold on and buy at the dips and just buy those top coins because that is the common practice of the whales and when you follow that strategy then they will get the results that the whales are getting and that is profit. So why just hold and buy the good coins when the market is full of red. |
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There are so many cryptocurrencies but I suggest that you still invest in Bitcoin because this is the mother of all currencies with high volume of investments. But as of now, the price is very high so you need to wait to this will go down a bit. Once lowered down, that's the time you will need to put your investments to Bitcoin.
On investing on your own, if indeed we want to gain a big advantage in it so the main thing we must have is knowledge, understanding, and understand what we are doing in these investments. Because many events that someone is wrong in taking the road due to not understand and understand the investments place. For bitcoin is indeed now most major investment from all existing cryptocurrency for bitcoin already has a very good future. Definitely! Seek for the knowledge first before seeking for the investments that are good for the future because if you are lacking in knowledge then you will not find the best investments that are available in the world of cryptocurrency. Read a lot, study a lot, watch a lot of things that you can get knowledge and develop inner self and it will result for the best. |
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There is a lot of place to learn how to trade and one of the places that you can go to learn how to trade is youtube because there is a lot of traders there that are not selfish and they are just keep sharing their ideas and knowledge about trading and about their opinion on the market and you can easily learn from them on what are the possible things that you can do in trading.
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If you want to get started then you should enlighten yourself before engaging into this because it is not easy like you think if you will not have knowledge in your mind so it is better to study a lot and keep exploring because that is how you are going to prepare yourself in different circumstances in the field that you are going into.
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