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Author Topic: I believe this is the way  (Read 863 times)
fadhilz123
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October 29, 2020, 11:19:53 PM
 #61

What if, you buy the @$1 then you sell it @$2 then the price keeps increasing to @$5 then stable for a month between $4-$5 because stable for a month now you decide to buy it @$4 because you think the price will hit $5 again even more, but after you buy it the price is dumped to $0,5

This is only a simple example, the point is crypto is unpredictable, you can make such a plan but it's hard for it to happen, because if easy we would see so many rich people in the crypto world.

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October 30, 2020, 02:20:34 AM
 #62

The motive for joining the crypto world varies from person to person, but I agree that money is behind all of this, not just looking for information or the like. But until now what I have experienced is uncertainty. Here is the challenge.
Kelvinid
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October 30, 2020, 03:13:39 AM
 #63

Crypto space might give us what we aim for (getting rich). However, it never works that smoothly, faster as we think about it before. We have been brag by those beliefs but I don't feel and think about regrets coz in reality, that all impossible to work in a very short period of time. If we are closing the possibilities that we can make money from here, getting rich someday, we are just making ourselves far away.

Positive mindest = positive result

Not all of us have been that kind of thing and a reason why they are quitting, bored about waiting for the market to pump, a losing end comes next to them.
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October 30, 2020, 05:49:25 AM
 #64

The motive for joining the crypto world varies from person to person, but I agree that money is behind all of this, not just looking for information or the like. But until now what I have experienced is uncertainty. Here is the challenge.
Indeed. The motive is making money from crypto because they see many people are making much money from crypto. But if they don't learn about crypto and don't have a plan about what they need to do, they will not make money like others. Yes, that is a challenge for them because they need to compete with other people who do the same as them. And if they can improve their skills in what they do in crypto, that will make them make more money. But they need to remember that they need to manage their emotion because the crypto is always volatile.

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October 30, 2020, 06:12:45 AM
 #65

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about


Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it

Yeah good idea. But what about when we buy a coin and it never goes up?  Cheesy It is still not bull season so all alts are falling like crazy. So i dont think there is a working way to make profit from alts nowadays.
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October 30, 2020, 06:40:15 AM
 #66

If you think that is the way to earn profit then I think it may work as long as you have patience not to sell or buy right away and you also have patience to check the price of crypto you like from time to time.

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October 30, 2020, 09:43:01 AM
 #67

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about


Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it
so easy to said, but when we face the fact maybe we will regret invest in crypto market . gain profit in market was really difficult if we have skill in trading, many traders lost their money in their first investment. moreover if we see extrem pump and dump it will make us panic and cut loss our position. but if really struggling in crypto market can not be denied this is the best way to make us rich in near time.

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October 30, 2020, 10:35:06 AM
 #68

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about


Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it

That's one way and probably the best way to make money from holding coins, but not everyone can follow the price of the coins they are hodling, and people do not want to trade continuously they are more comfortable hodling their coins and just sell it one-time big time when they hit the price that they want to sell their coin, it could be 5 times or ten times of the profit.
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October 30, 2020, 10:53:24 AM
 #69

This should be done especially with top cryptocurrencies, because top cryptocurrencies are constantly growing in price or falling in price, and when the price of top cryptocurrencies falls, you need to urgently invest in them, and when the price of top cryptocurrencies grows very much, you need to fix the profit and this whole process must be repeated many times.
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October 30, 2020, 11:26:09 AM
 #70

We can still be successful even holding, as long as you are not greedy you will find the best way to sell your holding.
It could be a cycle, where we will see a pump and dump, but we always see at pump.

Here's a simple example to prove that holding is an effective investment strategy.

Bitcoin before was price $100, if you buy and hold it until now, you can still sell it with a profit because bitcoin never goes back to that price again.
The problem is if we limit the price appreciation of bitcoin, that's where you think it will just move at a certain level only.

Holding is not a good solution for all coins. You can only hold the coins that are in the top and time-tested. Most of the coins after the pump, fell in price and never rose to the previous values. This is the reason why investors choose bitcoin for the long term, which is more stable among other altcoins.

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October 30, 2020, 11:44:29 AM
 #71

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about


Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it

I'm actually doing this I sold coin when it hit the amount that I mark to buy, and bought it again when it the price that I mark to buy it and it's really profitable but you can only do this to coins that are performing well or above expectation in the market.
There is a risk if you are going to do this to pump and dump coins.

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October 30, 2020, 11:13:40 PM
 #72

We can be very sucessful while holding, as long as you are not greedy, you will locate the most ideal approach to sell your holding.

It could be, where we will see a pump and dump, yet we generally observe at pump.

Here's a straightforward guide to demonstrate that holding is a compelling investment plan.

Bitcoin before was price $100, in the event that you purchase and hold it up to this point, you can at present sell it with a benefit in light of the fact that bitcoin never returns to that price again.

The issue is in the event that we limit the price energy about bitcoin, that is the place where you figure it will simply move at a specific level as it were.

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October 31, 2020, 01:35:48 AM
 #73

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about


Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it

Trading in crypto, the same with stocks is not a buy and hold scheme, whenever you trade, there must be a target price for you to secure profits.
We as humans are affected by emotion, and the crypto market is motivated mostly by great emotion in line with the wider price volatility. You'll only lose if you don't try to learn how the market works and how to make yourself adaptive to the changes in the market environment.
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October 31, 2020, 02:48:48 AM
 #74

Doing both ways, as you say,  buy when the price drops and sell when the price 2x goes up. This applies to Bitcoin, but not to all coins.
Maybe just a few coins of choice, like ethereum or xrp. Maybe this coin can still be expected.
What I’m afraid of is buying a coin that’s already deep and can’t go up anymore, because it’s been abandoned by the developer.
Don’t let that happen.

/font]
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October 31, 2020, 06:21:29 AM
 #75

Doing both ways, as you say,  buy when the price drops and sell when the price 2x goes up. This applies to Bitcoin, but not to all coins.
Maybe just a few coins of choice, like ethereum or xrp. Maybe this coin can still be expected.
What I’m afraid of is buying a coin that’s already deep and can’t go up anymore, because it’s been abandoned by the developer.
Don’t let that happen.


Huge price dropped and almost 2x of price hike if market is in bullish were only be seen or appreciated when it is bitcoin, ethereum and XRP. But if we were going to look it for some altcoins we can't clearly recognized the movement of its price. Some of them were having a value which is .000 values which even having a $1 value were hard to reach. As we have seen, altcoins market value were too far from bitcoin value.
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October 31, 2020, 06:56:41 AM
 #76

I think it will sound rude but - if you want to earn money, then go to work and develop yourself as a specialist. Why do you need cryptocurrency for this? You understand that people like you continue to kill not only the community turning it into a bunch of speculators and traders but also kill the tool itself?
What difference does it make to you - get dollars right away or spend them first to buy something else and then sell for a higher price? You might as well be reselling ordinary items.
You can answer normally - why do you need cryptocurrency? If you think that this is just a tool for making money then you do not need it because you will kill it.
You don't even want to see the potential inherent in this technology - you only care how many fiat you can raise on the purchase and sale. Again , you don't need cryptocurrency, go trade vegetables.
These people are talking out of experience, how many crypto projects are into real use case today? They are just there for nothing, even payment projects, no single person is using them for the real reasons they are built for, instead they lose value in the process, for a technology to survive you expect me to lose all my money? Mate it's always about the money, minus bitcoin and ethereum it's always about the money

Does this not mean that at this historical period, blockchain and cryptocurrencies are not as necessary as everyone wants to think? Listening to each user-you hear about the fact that "this is the future, here's another 1-2 years and BTC will become the reserve currency of the world" and other interesting things.
But what if what we see now and how these technologies are being used is really another attempt to squeeze money out of the vacuum? And that the present application will only be in the future.
Is it necessary to lower the reputation of the blockchain by an army of speculators? Do I need to constantly create new useless and meaningless crypto projects and exchanges to further encourage the printing of Fiat money?
After all, the main question here is whether technology will die just because a bunch of people want to squeeze water out of a stone?
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October 31, 2020, 07:55:32 AM
Last edit: October 31, 2020, 08:09:01 AM by doctor877
 #77

Every trading strategy is unique and different. What if you buy lower and then it keeps going down.! What if you sell at x2 and then it keeps going up while you are waiting for it to come down to buy again. Sometimes it doesn't go like that. Just do what works for you. If holding a coin for x10 works for you then do it. If taking little profit work for you then do it. But don't hesitate to take interval profits.  Your patience is what wi be tested when it doesn't go your way. You just need to be specific and don't jump around buying all coins.
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October 31, 2020, 10:25:13 AM
 #78

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about


Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it
Well the process that you have been mention are already been done by many and may fall under Trading
and you may call it the Buy and Sell.
These process can be also classified into two long term and short term. For long term the trader will hold on to a token/altcoins or any other cryptocurrencies specially bitcoin and etherium for an extended period of time.
And for the short term trading may last within few minutes to several days.


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October 31, 2020, 01:01:07 PM
 #79

I agree with you.I hope you can expect something better if you trade in this way.I think it is possible to make a profit by trading on the news that Can Trade News has a lot of updated news.

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October 31, 2020, 02:45:42 PM
 #80

You do not hold coins for years because you want to get rich overnight, you do not even hold them because you want to suddenly be so rich that you can retire right away and live life without ever worrying about money.

You hold those coins for a long amount of years because you believe it will compete against the inflation and win, and hopefully win with a big margin. That way you will still have money, you will have enough to buy the same things you can buy today and maybe some more on top of that.

Not every person is after that million dollars, some of us just do not like watching our money become zero, I have some money saved up aside and every month I see it lose value, sure the number looks similar even a bit up but it is not buying the same thing it could have last year.

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