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December 05, 2017, 07:34:34 PM |
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I have always traded in altcoins, but I've always in the end lost Bitcoin when doing this. Altcoin market is too unpredictable. Now that I've bought a good amount of Bitcoin, an amount that I'm pretty comfortable with I figure why risk anymore, right?!
I'll still trade a little bit in altcoins just because yea sure when you happen to pick the right coin you can easily get a nice profit. But I'm gonna move a little new money into USD on an exchange and just start trading Bitcoin/USD. With the goal being making USD rather than making Bitcoin. Making BTC is high risk, high reward. And making USD is low reward, BUT its essentially zero risk. No matter where I buy in I know I will be able to sell for higher, cuz it's BTC we are talking about, not some random altcoin against BTC. Should be fun just to trade with basically zero risk. Just try to maximize profits even though the profits won't be that big. Will be a lot less nerve wracking than trading alts.
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