Re: Suggest me to invest in Bitcoin Online Trading

Quote from: Irvinn on August 04, 2019, 03:26:01 PM

Quote from: ahsan121 on July 06, 2019, 11:40:48 PM

Hey Hi,
I am Ahsan and i need your support to invest in bitcoin trading, i already used poloniex, i bought DGB there and after holding so many month i got frustrated and sold all in loss Cry

now i want to restart the things again with around $ 1000. so please suggest.
Regards,
Ahsan

Perhaps you made a mistake precisely in that you invested all your capital in only one coin. It doesnt matter which exchange you used, but I know for sure that your portfolio should be filled with at least 10 different cryptocurrencies. If we are talking about a starting capital of $ 1,000, then this is a good amount to start with.

Diversification of your investments just for the sake of diversification is a bad idea, you need to have a very specific reason for holding a coin and if you do not have it that is an indication that maybe you should sell that coin, also if a trader was unable to deal with the pressure of investing in one coin then it will be impossible for him to deal with ten, anyone that is considering investing should focus only in bitcoin then after some months have passed and they have shown to themselves that they can endure the volatility and the pressures of being a trader then they can try to invest in other coins.