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Author Topic: Lost of my capital has made me to have a change of mind about Bitcoin .  (Read 483 times)
Obim34
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November 18, 2023, 12:14:01 AM
 #61

What you did was day to day trading of Bitcoin, not advisable because of the risk involved. I feel no matter how good and experienced you are trading there must still be room to entertain looses, the trading market is unpredictable not what you plan might be the outcome sometimes it becomes the opposite. Well some people usually see profits from those trading but nothing should be compared to the idea of BUY and Hold.
If you are well patient and want to make profits from Bitcoin buy Bitcoin at this point in price where we still experiencing the DIP and Hold till we hit a new ATH.
There is every tendency of making better profits from Holding as long you won't alter or panic and sell when the price drops, you need to understand the volatile nature of Bitcoin and even keep accumulating bit by bit because there Is no risk factor involved.

NewRanger
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November 18, 2023, 01:57:16 AM
 #62

From your presentation, at least the candlestick Bible is your basic capital in trading where the pressure due to the feeling of wanting to buy quickly and in a hurry is definitely reduced from previous habits.

So, if you want to be safe in trading, combine your trading style with what you learn. Place a bid price exactly as in the guide then set the sale at the price you want, whether your time limit is 4 hours or even a week is up to you. The important thing is not to mess with your brain any more. Just wait for your coins to change into USDT again. Just repeat this style over and over again, I'm sure the capital will not be lost, the asset estimate will increase.
     
Essential10
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November 20, 2023, 08:50:13 AM
 #63

There is no doubt that you can lose your value if you start trading bitcoins from now on. Becoming a Bitcoin trader requires certain knowledge and techniques. In that case training is essential and emphasis needs to be placed on providing proper guidance and support to new investors at the initial level. If you have extra money you can take a trading course and learn how to invest as a new trader. If your greed for getting rich quick is rising in your mind, then be prepared for the destruction of the trading world. I think you need to choose a right method, you can get the best future price with bitcoin hold as the best strategy to trade without losing your initial capital.

traderethereum
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November 20, 2023, 09:33:44 AM
 #64

If he still can't trade well, it's better for him to buy and keep bitcoins. At least I used to have experiences like him.
At that time, I had bought bitcoin but when I wanted to sell, the price dropped again and I was worried that if I sold it, I would make a loss. So I kept it for a while and bought it again once it really stayed at a low price.
After holding it for several days, the price of bitcoin rose again, and that's when I sold the bitcoin I bought first.
You can't always sell bitcoin immediately after you buy it. Often, you need to wait days before you can sell the bitcoins you bought.
But if you don't dare to trade, you don't need to force yourself to do it. Another option is to buy and hold the bitcoin until the price reaches ATH, and then you can sell it.

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