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Author Topic: My small advice about crypto market  (Read 2904 times)
tamradhwaj
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August 08, 2018, 06:59:10 PM
 #481

cryptocurrency market is extremely volatile, with large gains and losses happening in a matter of minutes. So, instead of putting the majority of your savings into a trading platform, start with a small percentage - perhaps maximum of 10%. after  gaining your experience u can increase your investment ammount and maximise your profit.
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anitaraymonds
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August 08, 2018, 07:06:54 PM
 #482

If you look at cryptocurrency trade you can hardly lose but time is the determinant factor here. Example last year at the peak some people held a position but unfortunately the price slumped and their position becomes red but if they will hold despite how long the market will eventually turn to their favor and they will be in profit but if they look at how long it will take they will sell off and lose their money.

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August 08, 2018, 07:22:04 PM
 #483

Both activities pay off depending on a number of factors which include but not limited to adequate knowledge. Before one can excel in whichever aspect in crypto, you need to accumulate enough knowledge. For instance, going into trading can be very beneficial but one can actually lose a lot if he lacks knowledge about the dynamics of trading.

Miklight88
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August 08, 2018, 08:12:39 PM
 #484

Yes , crypto need a little more knowledge about it market circulation, dipping in crypto I believe is the best chance to gain some money too, but many don't understand the method in which it operate by reading the chart or using fundamental analysis , also technical analysis are some tools that required to get involved with in crypto.

Mike Mike
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August 08, 2018, 08:39:43 PM
 #485

My little advice about Bitcoin is that Bitcoin prices are down now. So buy and save Bitcoin in this opportunity. Bitcoin prices will increase later this year. And keep your wallet and password very securely.
Pattart
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August 08, 2018, 09:23:38 PM
 #486

This is very true and it is a great form of advice to everyone especially during this period where the market continues to fall. We should know that there will come a time where the trend will reverse.
The point is do not easy to panic about what's happening in the market, because sometimes a price reduction can be a profit for you, because what happens now is really sad most users are too panic and follow what is a trend. right what op says, do not be afraid of market crashes..

crypto mommy
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August 08, 2018, 09:29:45 PM
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 #487

true, it is very important to understand the market and its risk before getting involved. every decision carries some amount of risk and all businesses have cycles, so it is important to strategically invest rather than just trying to be greedy for some speculative gains or selling frantically fearing the crashes. 
Pinkris128
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August 08, 2018, 09:46:06 PM
 #488

Many people are still hesitant between trade and hold. In my opinion, Investment is different from speculation is that you spend time and knowledge for it. When you trust and understand, you will not be afraid of the volatility of the market. It's an investor or a HOLDER. It's very good, but I think you get to know the market, trade, the cycle of market so you can be an investor, a smart holder.
"Don’t be a blind bull. ALL markets are cyclical. Don’t be afraid of pullbacks or market crashes – that’s where you can make the most money"
I agree, in fact there is nothing to be afraid of. The volatility of the market was normal. If until now you still feeling scared about it, better to stop investing and find another way to earn bitcoin because as you continue while you have fear it might cause to your loss. Maybe you will just do panic selling everytime you see crypto was falling.

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Asawakobana2017
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August 08, 2018, 09:54:38 PM
 #489

From the start it is said that the patience is virtue on crypto feild. So now we must understand that we maybe need a very big patience on the huge dip that we are now experiencing, because if we listen to our emotion it will maybe lead us to a loss we must calm down and wait for the next update.

chikading2016
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August 08, 2018, 09:59:24 PM
 #490

From the start it is said that the patience is virtue on crypto feild. So now we must understand that we maybe need a very big patience on the huge dip that we are now experiencing, because if we listen to our emotion it will maybe lead us to a loss we must calm down and wait for the next update.
  I agree on that. We must have patience on this huge dip to make our self secure from the lost of doing such panic selling on the huge dip, we need to have some more patience on waiting for the spruce to pump and buy some more for today and hold.

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August 08, 2018, 10:41:52 PM
 #491

I totally agree with everything you said. Proper knowledge about crypto world is another factor to consider. If you don't have enough knowledge, you won't be confident enough to invest. There will be doubts and wrong speculations ending to wrong desicions. Eventually you will end up broke. So learn everything before going into something. This is applicable not just in crypto, but most on our daily lives.
jpnl0006
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August 08, 2018, 10:59:37 PM
 #492

people should always consider hiring the services of a financial consultant or in this case a cryptocurrency analyst, who has hands-on work experience. the consultation of an analyst will save you a great deal of losses and keep you off the stress of getting to do research and finding ignorantly.

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jameswell
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August 08, 2018, 11:05:29 PM
 #493

"Don’t be a blind bull. ALL markets are cyclical. Don’t be afraid of pullbacks or market crashes – that’s where you can make the most money"

This is very true. Do not panic when the market pulls back.
We know Warren Buffett does not like Bitcoin at all but I like two of his sayings:
"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"
and
"Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble"

Hopefully, it rains Bitcoin soon and we all have a big bucket for it.

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August 08, 2018, 11:11:31 PM
 #494

I agree. The market will not be forever down. All comes down must comes up. So whenever Bitcoin and other potential coins decreased substantially, take it as an opportunity to buy.

cryptokitty
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August 08, 2018, 11:39:39 PM
 #495

I agree. The market will not be forever down. All comes down must comes up. So whenever Bitcoin and other potential coins decreased substantially, take it as an opportunity to buy.

Yes,  the market will definetly go up anytime.  The market will not be the same all the time sp expect that the price will rise and go down anytime.

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hunterXride
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August 08, 2018, 11:41:31 PM
 #496

I like your opinion about not being afraid, I also think so. we must be sure of our own knowledge and start doing what we believe that we are not controlled by others.
mcabrito
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August 08, 2018, 11:56:38 PM
 #497

I like your opinion about not being afraid, I also think so. we must be sure of our own knowledge and start doing what we believe that we are not controlled by others.

Well for me it is okay to feel afraid as we are concern about our investments but for me to be able to get good profit then we should take the risks.
netfifox
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August 09, 2018, 12:53:29 AM
 #498

Your advice is quite good and I agree with you, trade and hold are two different concepts (absolutely right), trade need knowledge and hold is the long term, believe in the near future.  Smiley
bigblackdeck45
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August 09, 2018, 01:23:13 AM
 #499

Thank you for that awesome advice. I truly believe in what you said is correct. If you know and believe in this coin then you will not be afraid to invest in it no matter how bad the market looks at the moment. The market is like a wheel that goes around, so red days will not last forever, eventually the green days will come.
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August 09, 2018, 08:52:24 AM
 #500

I agree with you we need some knowledge by trading or investing before we invest.every one take a risk because of changing price downfall. all we need to do is to keep forward and move on because everything is temporary we need the perpect timing and keep on update study the movement in every month and how it affects in current event.
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