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You need to invest a lot of patience in yourself if you want to become a successful trader in the future. Gaining knowledge in crypto trading is useless if you have no patience because you will study some trading tools that may be boring to you or hard to understand when you read it for the first time. Technical and fundamental analysis are a vital part of trading Don't be afraid of losing because you will learn a lot on it, remember, experience is your best teacher. Always put in mind to trade only the amount you can afford to lose and also learn how to control your emotion.
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The cryptocurrency market this year is more positive than last year and it is proven by the continuing uptrend on the prices of both bitcoin and altcoins. But there are no assurance if this present uptrend will turn into another bullrun similar to 2017 and create another all-time high. The $5k is already reached several days ago and it might go up further because of thecontinuing positive market sentiments. If this present market trend continues, I believe it may reach $10k or more in year end.
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Bnb coin is no different from other coins that are existing in the cryptocurrency market which are so volatile and flucuates prices quickly. The coin of Binance exchange is is also been up if you compares its previous price due to some developments taking place in the binace. Not all coins are qualified for long term hodling and many of them are also for short duration. Binance has its own strategy for long term growth so expect its price to further go up in the future.
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Cryptocurrencies will not destroy or replace fiat like what some crypto enthusiasts believes. These two kinds of currencies will instead coexist for the benefits of all people who believes in different currencies. Destroying any currencies will only creates additional problems in different financial institutions and governments. Majoritymight also object to this kind of mentality of destroying fiat because most of the fiats are considered national currencies and a nation's symbol.
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lets do it, speculation about this.
what is good and bad news about this year? for example - new forks, ETF s, SEC.
If bitcoin managed to reach another all-time high this year then it will be better than 2017 but I doubt if bitcoin is already ripe for another bullrun this year. ETF launch is already delayed several times but I believe it will not stop the bitcoin from going up further. Any fork of bitcoin this year may become insignificat unless it is a major one. |
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There are many opinions on the present bitcoin price behavior and a lot of them are positive in this development. There might be a similarity of present movement of bitcoin prices to 2017 prices but it doesn't mean it will go for another bullrun or end up in another ATH. But it is good to see that the price of bitcoin is finally out of the 2018 bear situation and on the road to another bullish trend. This year, bitcoin might try to break the $10k but that remains to be seen and it also depend on the market developments in the days ahead.
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I've been holding some bitcoin since last year because I believe it will go up sometime in the future and I also believe on its capability to reach another all-time highs. With its recent price uptrend, that hope of another solid bullrun is further boosted and we might see its pricego up further beyond the $5k range. I believe that bitcoin will retrace to $4k before going up again and every investor must take this opportunity to buy more bitcoin before the uptrend comes back.
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Twitter Link: https://twitter.com/corpuzjun808Your Number on the Spreadsheet: 34 WEEK 2 (22/02/2019 - 28/02/2019) Retweet 1. (23/02): 2. (24/02): 3. (26/02): 4. (27/02): 5. (28/02): Tweets 1. (23/02): 2. (24/02): 3. (26/02): 4. (27/02): 5. (28/02): Facebook Link: https://www.facebook.com/jc.lomibao.3Your Number on the Spreadsheet: 40 Shares 1. (23/02): 2. (24/02): 3. (26/02): 4. (27/02): 5. (28/02): Posts 1. (23/02): 2. (24/02): 3. (26/02): 4. (27/02): 5. (28/02): |
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Lack of sufficient knowledge on cryptocurrencies might be the problem that facing the cryptomarket now. Before joining this risky market, gather enough information first on virtual coins and its market to avoid or minimize losses when you decide to invest or join the trading. Those people that easily panic when the price of a coin goes down and those who easily believe in predictions are example of insufficient knowledge on crypticurrencies so they need to be educated.
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Government is against decentralization or any currency that they can't control so it is impossible that a government created bitcoin. Bitcoin would have been easily legalized also if government created and there is no need to ban it or implement a strict regulation. If government want to create their own cryptocurrency, i believe it will be centralized.
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That's their own opinion and I respect it but nobody know what will really happen in the future. But if the price of the bitcoin will fall $2500 or $1100, I think it's thebest time to buy more bitcoin because it is more affordable that time because I believe bitcoin's price decline has a limit and there will be no other way but up. If the forecast did not happen in the next several months or a year then it will be some kind of FUDs.
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Try to study the crypto market and the bitcoin's trade history this time to get some valuable informations before investing. One must be knowledgeable in recent market trends to be able to see the patterns in price movements. The price of the leading coin is still good to invest now if you are going to hodl it for long term.
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If you are a long term investor, the most likely is to hodl your coins till another bullrun come. If you are holding a coin that are already proven to grow in long term like bitcoin and ethereum, then it will be worth waiting for. If you are a trader, you are likely to buy and sell coins even during bearish market because not all coins are going down.
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No one can see the future in advance so all the predictions for the future price of the cryptocurrencies will going to fail. Cryptocurrencies are the most volatile currency which is the one of the reasons why it is unpredictable. Instead of relying on predictions, it better to learn the basics of cryptocurrency and their price movements in the market. Trading the coins can also help you to understand the behaviorof cryptocurrencies and how they reacts on a certain event or development that related to them.
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Which is the top most potential coin to buy now?
There are many potential coins in the crypto market now and many of them are in the top rank of the coinmarketcap. Some low rank and newly listed coins like btt and qkc gave also potentials to go up in the coming weeks. To find coins that is best suited your taste you better make you own research first and study their potentials. |
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2018 is gone and ethereum price is now a way below the supposed to be year end price. But the forthcoming major ethereum network upgrade can possibly push its price up if it is completed. Ethereum's hardfork this year and its next upgrade in the following year might finally take the coin into another bullrun or all-time high in the near future.
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Many traders and investors see halving as the only hope for another bitcoin bullrun and they expected it occur in the next couple of years. But I believe bitcoin can make a rally even before the halving if there is enough support from big investors. The bear market is still around but not like the same as last year's bear market and might still improve in the next quarters of this year. Bull and bear market occur in cycle so after this bear market, bull will follow and vice versa.
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