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I think investing and trading in cryptocurrencies are all risky and anytime you will become an instant loser if you don't know how deal with the virtual currencies. The most riskiest is crypto trading because of rapid price fluctuation which requires continuous monitoring on the price of your coins to be able to win a trade. There is no such thing as safe trading because even the seasoned traders can still experience loss.
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Do you think it will be the best time to sell as there are two kind of speculations one says the value of bitcoin will reach $20,000 by 2018 and there are also speculations that the bitcoin might go through a dump in upcoming days but i know we cannot believe into random predictions by random users due to the volatility of bitcoin but i need some suggestions whether to hold on to bitcoin or sell it out and invest some of it into altcoins and then wait for the price drop to reinvest into bitcoin which i am not sure will happen or not.
This is first posted last december 10, 2017 when bitcoin is about to reach its all-time high of $19700 on 17th of the same month and that is exactly the right time to sell bitcoin. Presently, bitcoin price is now at $6500 or lower and if you bought your bitcoin at higher price then it is not the right to sell your precious bitcoins. |
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The price of the bitcoin go up almost every year end, but it might later go down because of holiday spendings. This December 2018 is no different but no one can exactly predict if bitcoin will make another all time high or stay below the previous all time high of December 2017. Many are hoping or expecting for another bullrun that will lead to another new high before year ends.
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A lot of people now days jumping and investing in the cryptocurrency industry.
If you are not investing in crypto, where do you else invest?
Property ? normal crowdfunding? give your input
One of my plans is to invest in computer shop with internet cafe. The technology is advancing rapidly and maby new personal computers, laptop and smart phones are being manufactured and equipped with latest technological innovations. Another one is a convenient store which is getting popular here our country. |
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Bitcoin is already a proven alternative to fiat for both investment and transaction. Many investors and traders have been benefitted from bitcoin's volatility by holding it till the target price is achieved. The demand for bitcoin will continue to rise in the coming days because buyers believe that the top cryptocurrency is still worth buying for.
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Steady, solid growth is better because it would cause only few corrections and can recover quickly. Strong upward spikes or price surges may lead to deep correction or crashes. The bullrun in 2017 is a fine example which reached its all-time high of $20k and it goes down to $6400 several months later and still depreciating. With the present state of bitcoin, we might be heading to its all-time low this year.
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It might be possible if the world's powerful countries agrees to regulate it. But there is a recent meeting of G20 member countries for a creation of international cryptocurrency regulation and recommendations from the different countries are soon to be heard in the next meeting of the G20 nations on July. This unified crypto regulations will soon be finalize and will st the sandard for regulation of virtual around the world.
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I had only few altcoins at this time and I maintained this since started buying cryptocurrencies. Those altcoins I bought are in top tens of the coinmarketcap and these altcoins have the potential to grow more. It more manageable if you have only few altcoins especially if you have no enough time to monitor it.
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I've been using that long term trading strategy since I started investing in cryptocurrency a couple of years ago. I chose this strategy because I have no time to monitor the market often. I bought some coins that is in the top ten list of the cryptomarket because I believe that these top coins have more potential to grow or bounce back in the future.
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Ethereum price is already below $500 and it still going down due to bitcoin price dip. Ethereum and other top cryptocurrencies are always dependent in bitcoin price fluctuations. If market prices continue to slide down, there is a possibilty of ethereum reaching the $400 soon. But I believe this is only temporary and will bounce back again in due time.
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Many of us are still waiting for possible bitcoin bullrun this year or maybe in the last quarter of this year. The value of the bitcoin continues to go down with some several bounce back. If this trend persist in the coming months, 2018 will be the bearish year for the top cryptocurrency because there are more price dips than uptrend. Last year, bitcoin have more price surges than dips, this price surges lead to many all-time highs.
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Better invest in a solid coins like bitcoin and ethereum to avoid panic selling in the future. Why panic if you knew that the coins you bought have potential to grow in the future and already proven to bounce every dip or corrections? I invested it for long term so i will hold it for long term.
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Ethereum is my bet for the best cryptocurrency next to bitcoin. This number two ranked cryptocurrency have already shown its ability to grow tremendously. Ethereum, as we know is the largest and most well-established, open-ended decentralized software platform that enables smart contracts and DApps to be built and run without any downtime. More developers are using ethereum platform to build applications so it might be possible that in the months, ethereum price will surge again.
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I've already limited my bitcoin spending to emergency puposes only as I wait for another possible price rise in the coming weeks. The best option for now is hodling while waiting for the cryptocurrency uptrend. Selling it this time is not good and this might lead you to further losses. Bitcoin will recover later but it will take time because there are still no positive events to boost its price.
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Long term trading are the best option for people who had a regular job or had no time to monitor market daily. Day trading and scalping are more risky and you need to learn it thoroughly before joining just to minimize your losses in the future. Technical indicators and fundamental analysis can also helpful not only to the day traders but also to long term traders or hodlers.
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The whole crypto market is yet to recover and there will be more lower lows before going higher highs. Bitcoin seem to recover in the past several only to fall in the $6400 level. The sudden fall of bitcoin might be the reported hacking of cryptocurrency exchabge in Japan but it is yet fully confirmed. The next growth of bitcoin might be in the coming month of July if the so calked summer bullrun materialized.
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The increasing number of people who want to know what is bitcoin continuous to grow especially in social media. Equally increasing are the new investors who want to try their luck put their money in bitcoin and other cryptocurrencies. These newbies are vulnerable to the scams that proliferating in the internet so they need to educate them the proper guidance in crypto investment.
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Do you have any good reason to believe that the crypto market is going to grow this year? Do you think we may end up in all red? I do not see the growth and happy investing of last years.
There are many reds in the market but it there some greens also an the cycle of up and down continues. There are some prolonged bear markets but it will not end up in all bear market. The bull is always there and waiting for its time to charge. There is time for profits so all you have to do is to study the crypto markets and monitor it. Some of the top coins and tokens have the ability recover even bitcoin is still in correction. |
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An economy is a zone of the production, appropriation, or exchange, and utilization of merchandise and enterprises by various operators. Comprehended in its broadest sense, 'The economy is characterized as a social area that underlines the practices, talks, and material articulations related with the production, utilize, and administration of assets'. Monetary specialists can be people, organizations, associations, or governments.
The economy in my country has experienced several years of positive growth but the people have yet to feel the beneficial effect of a growing economy. Lately more taxes are created to address the growing budgetary deficits and this new taxes will result to higher inflation rate and raising of the prime commodities. Bitcoin and other cryptocurrencies can also help in making people's life better if they how to use it. |
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The death sentence continuous and expect more negative comments everytime the bitcoin price go down. Bitcoin has been proclaimed dead many times in the past and yet it keep coming back alive. The value of bitcoin is still high, its demand is still growing and more well-known businessmen are planning to buy the coin so there is no reason for bitcoin to die.
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