Vickyrichy (OP)
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August 28, 2018, 09:37:43 AM |
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if you think you can make more profit by day trading bitcoin then by all means go for it, it certainly is possible. but you should first know the risks of doing so. it is not always about what you can or can not do, it is about what is the most convenient way with least amount of risk but highest reward. the risk of day trading is not just the volatility and the fact that price can go suddenly in your opposite direction, that is obvious. the less obvious risk that people usually miss although they know it is the fact that you are trading on online exchanges which are known to the very unsafe. your account can get hacked at any moment, the exchange itself can close your account, scam you, run away,... and you can go to zero in a blinking of an eye.
You are definitely right. The risk involve is moderate when you invest the amount you can loose. I believe the solution to that of the online exchanges is withdrawing all your funds once you are done trading for the day to reduce the risk.
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maxamus
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August 28, 2018, 09:50:15 AM |
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I think bitcoin investment is a game of patience, bitcoin is really amazing but if we dont have patience we are nothing but a second rate trying hard copy cat. E need to become prudent because bitcoin investment is really unpredictable. And we can also loss a profit on it. Yes you are absolutely correct as bitcoin goes ups and downs it doesn't mean it will fall. Just a reminder that bitcoin was at 5000$ at the same time last year and rallied to $20k in the next four months. So I strongly believe this will go up again this year as well.
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94K
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August 28, 2018, 09:53:25 AM |
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Considering the BTC investment, me for instance I have invested in it and earn 1% each day and it's working for me. You can choose a good investment and earn even more as you want.
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giantrobot
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August 28, 2018, 09:57:43 AM |
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This is like trading, buying and selling, earning from it. It is quite difficult for newbies to refer to regular market prices. Bitcoin investors should pay attention when Bitcoin prices are small and there are no signs of significant fluctuations.
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sunflower_11438
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August 28, 2018, 02:14:26 PM |
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investment in a very short time often people call it trading this type of investment is more suitable for people who like to speculate
I think bitcoin is more suitable for long-term investments because these years are still in the initial phase the reason for this is the fact that there are still very few people who know bitcoin than the entire human population of the world
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Moblie_Legend
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August 28, 2018, 02:29:51 PM |
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I think bitcoin investment is a game of patience, bitcoin is really amazing but if we dont have patience we are nothing but a second rate trying hard copy cat. E need to become prudent because bitcoin investment is really unpredictable. And we can also loss a profit on it. I also think like that, bitcoin investment does use patience, because if we are not patient we will be able to lose profits and panic easily. because bitcoin investments cannot be estimated, there are times when marketing prices go down and up
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Cryptotissue
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August 28, 2018, 02:52:42 PM |
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To me investing in bitcoin is like walkingt into a casino with a small cash at hand and coming out of it with huge money in return but dont forget you can also walk out with nothing depending on how you played all your games. investing in bitcoin require for one to be patient and also have knowledge on every aspect of bitcoin -
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MinerFTW
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August 28, 2018, 03:06:01 PM |
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I fully agree with you. The crypto market is convenient for everyday trading as all other forex markets. I would say even better because there is a big volatile, which is a very big advantage for everyday trade. The only condition that you have mentioned is that you need to understand very well what you are doing and how it is traded in such markets.
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Cryptogid
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August 28, 2018, 04:42:04 PM |
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The exceptional thing about bitcoin investment is;it requires patience, and an observing efforts to closely watch it when the price reduces and increases,to take profits..
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Ahsan Aly
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August 28, 2018, 05:01:16 PM |
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Yes, I admit that! Bitcoin is a long-term investment which gives profit depends on investment. As my assessment, BTC is better as the long-term investment. That time is the best for investors during market fluctuation they can buy or sell currency to gain small profit in short period.
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pao25
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August 28, 2018, 06:38:08 PM |
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summer months were not good for crypto money markets. China's ban, postponement of etf's decision, destructive interpretations ... despite these, we can not say that it is over, because it is not.
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richan
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September 01, 2018, 04:53:06 PM |
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That is the advantage of day trading. Day trading offers you the opportunity to make small gains within the daily low and high price. But the risk part is be greedy and not setting a stop loss to cut your loss in case a trade goes against you.
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akram143
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September 01, 2018, 04:55:35 PM |
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That is the advantage of day trading. Day trading offers you the opportunity to make small gains within the daily low and high price. But the risk part is be greedy and not setting a stop loss to cut your loss in case a trade goes against you.
When someone teaching about you the way of learning cryptocurrencies it will not definitely inspired you from others words when you get interested in investing cryptocurrencies then only you can definitely get that racked and the way of getting profit will came to understand to your mind so investment is not a big matter how we carry them to a long journey is the big thing.
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Myown55
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September 01, 2018, 05:32:41 PM |
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Bitcoin investment is a good one to consider as either a long term or short term investment. However you look at it, it is a reasonable risk to consider even though I love to HOLD my bitcoin.
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Juggy777
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September 01, 2018, 05:44:24 PM |
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No I would never suggest this or encourage this kind of trading activity especially in bitcoins, which has shown to be highly volatile. There're chances you may make few dollars, but get it wrong and you'll be loosing lot of money. I again completely disagree that you can make up to 1% in 3 hours of trade, one bad news or a dump can ruin your life, and when you get 100% returns in the long term, why take the risk for 1 %?.
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geliyorumbensana
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September 01, 2018, 05:45:17 PM |
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Yes I agree with you, I need to make long term investments for bitcoin. But things can change when you invest in alt-coins. Some alt-coins may peek and snap shortly.
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insurgent
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Look ARROUND!
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September 01, 2018, 05:56:24 PM |
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Bitcoin can be used in long term and short term investment , it depends on you what will you do. It doesnt matter what kind of term you used , what matter is your patience. If you have long patience then thats good you can do the long term investment.
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maxamus
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September 01, 2018, 06:08:02 PM |
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I understand that bitcoin is the best crypto for investment and the timing is very much important here for make our investment effective.
Yes you are correct bitcoin is the leader in crypto world hence investing on bitcoin will always be a good decision and it will make profit for sure. Bitcoin price is increasing day by day with little bit up's and down but for sure BTC will reach $20K in the upcoming year.
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jayveerastrullo
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September 01, 2018, 06:28:51 PM |
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First time i met bitcoin i really didn't have any idea how it runs all i knew was that its price is increasing. Now since i am really into investments i tried bitcoin but before I started investing i read many articles, i asked lots of questions to the pros. Then i do some researches also and now i am pretty sure that i fully understand bitcoin.
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Behind
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September 03, 2018, 02:45:32 AM |
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Yes, now investment in bitcoin must be done in the short term, because the rise and fall of bitcoin prices occur quickly, in one night there can be a price change of up to $200. So, basically, every time there is a chance, then take advantage.
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