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kucritt
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September 09, 2018, 01:04:55 PM |
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right now the price of bitcoin and other cryptocurrencies is going down again, and i dont know about it why this happen in this market, so i think if you dont believe in bitcoin anymore you can sell it and use other platform to investing
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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LigwagGanern
Member
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Activity: 307
Merit: 10
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September 09, 2018, 01:33:01 PM |
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I'm gonna be honest with you all , i have been trading/investing since 2017.
I earned about 110.000 by trading and basically lost it all, i decided to sell the rest and just quit. I'm gonna explain why, this cryptocurrency market
is very manipulative and can easily be controlled and it will never stop. The icos/alts will always keep sucking all the btc cash so it will always be hard for btc to grow and
dominate.
This market is made to make money and profit from noobs it's like a bitconnect scheme. Every dollar that is made by someone, someone will lose money. Every dollar that
is made in this system will be sold to fiat and if there is low btc buy power it will mean that btc will only keep going down. This market is basically made to make
money from new users like a scheme. For example can you actually believe that if you would've put 10k usd into bitconnect you would have a monthly return of about 4500
every month by lending? This is unbelievably high which again means for every btc/dollar you lend out into this cryptocurrency system = someone will lose money that's
the main reason this market won't be there for long. Because it's basically a pyramid scheme.
Holding your bitcoin while the price is too low is a good idea. Hold it until the price goes up and when it happen sell your bitcoin to get your profit. Don't sell your bitcoin is you don't think that you will not get profit after that. Make sure that you will earn money when you sell your bitcoin. |
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aysg76
Legendary
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Activity: 1960
Merit: 2124
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September 09, 2018, 04:31:02 PM |
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I don't really think that it is a good idea,
What if you sell everything then the market starts to recover that would only mean that you lost your chance to gain profit,
And whats worst it is hard for you to recover.
Exactly, if you sell everything now than what will you be having when the price inclines up. Since the market is quite low, the selling here in the worst idea to opt for. The only thing left here to do is to hold the coins until the price gains some momentum as then you'll be able to get a good amount of profit... |
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pocketfullofpoke
Full Member
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Activity: 476
Merit: 101
www.daxico.com
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September 11, 2018, 05:01:10 AM |
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Selling is only good when you know you earn profit out of it. Besides, that's what we wanted to do with our cryptos from a short or long hodling - to sell them at a very good price. But if you are just selling it out of panic, it's useless and you are just wasting your money and time.
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kwabeedat
Member
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Activity: 308
Merit: 10
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September 13, 2018, 03:30:07 PM |
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Well, many people say this each day but many people still continue to make it crypto. Crypto is all about you the performer alone so you need to monitor various avenues. The community is large and there are various ways that can help you to earn better. If trading, bounty or investment may not help you, then I think one needs to check other activities as well. Anyways the falling market affects everything though, it doesn't kill everything.
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Btchunter3333
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September 13, 2018, 03:33:59 PM |
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I know op open this topic at the beggin of year. But right now i will not sell nothing. Why? Because now most of coins are so low and i think all will grow after ETF approval. Now the waiting is key of bought high and not want sell in low.
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bitcoinveda
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Merit: 10
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September 13, 2018, 03:53:32 PM |
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In the month of December 2017, it is very good to sell the coin but right now this is not the right time to sell them in the market. So holding will always give profit to people who are holding.
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Crashing
Newbie
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Activity: 56
Merit: 0
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September 13, 2018, 04:08:02 PM |
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The Op recommendation back on January was a good one. Right now it might still be a good one. This bear market will last for a long time. In any case someone watching outside of the market might have a very good buy opportunity on one year or so.
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feelivent
Jr. Member
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Activity: 93
Merit: 5
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September 15, 2018, 10:00:38 AM |
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I know op open this topic at the beggin of year. But right now i will not sell nothing. Why? Because now most of coins are so low and i think all will grow after ETF approval. Now the waiting is key of bought high and not want sell in low.
Holding is not always profitable because those who hold their coins at the time when the price was about $20000 they are now feeling bad for themselves because they have lost the chance for making thousands of dollars in each bitcoin. That was just because of the greed because many people predicted that the price will hit $30k, $50k and some said $70k in this year and they hold for such prices. |
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Mytoken
Member
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Activity: 392
Merit: 10
Fast, Smart, Trustworthy
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September 15, 2018, 10:31:22 AM |
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Bitcoin is not a pyramid plan. Although your calculations are very accurate, stocks, futures and coins are the same. They can all be controlled, and the price depends on purchasing power! No?
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TooDumbForBitcoin
Legendary
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Activity: 1638
Merit: 1001
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September 15, 2018, 10:36:43 AM |
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The Op recommendation back on January was a good one. Right now it might still be a good one. This bear market will last for a long time. In any case someone watching outside of the market might have a very good buy opportunity on one year or so.
The OP was on sad mode when wrote this post. Bitconnect example is something absurd thing. He doesn't know the industry |
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Crashing
Newbie
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Activity: 56
Merit: 0
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September 15, 2018, 01:35:42 PM |
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The Op recommendation back on January was a good one. Right now it might still be a good one. This bear market will last for a long time. In any case someone watching outside of the market might have a very good buy opportunity on one year or so.
The OP was on sad mode when wrote this post. Bitconnect example is something absurd thing. He doesn't know the industry My point is that the OP recommendation to sell every bitcoin back on January was a good one. Anyone who adopted it and stayed out of the market made a good move. And I might be wrong, but I think we haven't reach the bottom. And bitcoin market past suggests that when we do reach the bottom we'll stay there for months before a change on the trend and a real break up. |
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PizzaBTC
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September 17, 2018, 10:39:23 AM |
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In the month of December 2017, it is very good to sell the coin but right now this is not the right time to sell them in the market. So holding will always give profit to people who are holding.
For a comfortable life with good earning sources and investment sources we always need to manage everything in order to keep things normal. If you do not manage things then you will pay for your wrong deeds or you will pay the price so always proceed for what you can lose is an important point besides it. With perfect and proper management you will always get success and you will have patience if you have managed everything on time. |
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fordsons
Jr. Member
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Activity: 92
Merit: 3
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September 17, 2018, 11:56:48 AM |
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Well, many people say this each day but many people still continue to make it crypto. Crypto is all about you the performer alone so you need to monitor various avenues. The community is large and there are various ways that can help you to earn better. If trading, bounty or investment may not help you, then I think one needs to check other activities as well. Anyways the falling market affects everything though, it doesn't kill everything.
In my opinion if you sold everything because you lost in bitcoin then you are the foolish person in the world because when you know that something is not profitable and selling is totally deficit why you sold them. If you sold everything to buy bitcoin, again you are the foolish person because when you know that something is not guaranteed why you sold everything for that? |
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$anounimus$
Sr. Member
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Activity: 1736
Merit: 294
★Bitvest.io★ Play Plinko or Invest!
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September 17, 2018, 01:41:00 PM |
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it looks like the cryptocurrency trading system does not match your life path, so you cannot enjoy cryptocurrency price movements, if you are like that then the best way should be that you should be able to learn price movements in cryptocurrency so you can get a profit but if you don't match then you can go out and leave cryptocurrency.
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