in my opinion trading is a better choice than mining, because many considerations are made if mining, such as operating costs and costs in case of damage to mining tools, while trading consideration only loss
In my own opinion trading is more profitable right now because the cost of electricity as of today is very expensive so you can earn more profit by just becoming a daily trader today.
To invest your all money in one coin even any crypto currency is not a wise decision.It will be better if you close your business for some days and work in signature campaign or bunti campaign. when you will earn some money then you will start again but steap by steap.
Yes you are right, it was not a wise decision because there are a lot of different coin that has a potential in the market to grow depending on their platform and developers marketing strategy.
So BTC and most alts are down 10-25% pretty much across the board from 6:30 est. this morning.
So what do you think guys, buy this dip or wait for more blood?
I prefer buying this dip right now because the market price is very low and you can actually invest a huge amount in order to earn more profit when the market starts to pump up again.
If you asking a question like this, then you are a beginner. If you are an expert in the field of computer technology, than you can to have a work with mining . You need a form a briefcase of high capitalized cryptocurrency.
No one beginner should risk his 20 thousand. It is insane. It will be much better if a newbie can start with the smaller sum, under a thousand or two, and invest it in 15-20 tokens.
I do agree on you because it was actually a lot of money and you should only invest every time the market price is dropping so keep on holding your coins today while it was still low.
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Re: Everyone loses money when the market is down right?
Although Bitcoin may increase by several hundred million dollars a year, it should not blindly invest in this virtual currency. Anything that fluctuates 20-30% in a day is unstable. Therefore, investing in Bitcoin can lost all your possessions or you may be able to make a million dollars from it.
Yes it can make you lose a lot of your possessions but that is also the reason why you only need to invest a value that you can lose in this bear market, so keep on holding your coins today while the price is still low.
Okay so I don't really have any idea which coin is which and which of those are good to trade and which are not. Since I am currently enrolled in yobit campaign, I figured maybe I can do something profitable with the coins that I get from the campaign so I thought maybe I can start trading. Do you guys recommend yobit in trading altcoins? Also what coins do you guys suggest I trade? I want profits and not loses so any tips you guys can give me are really appreciated.
Before you start trading you should know how the market works and the best way is to study the market statistics and the coin that you are interested to invest.
In this market, there are many people who are fear of missing out (FOMO). You always be patient. If you believe you have missed an opportunity, do not try to join if you are unsure. You can lose more than earn. Crypto is a 24/7/365 market. You can not catch every trade. If you miss one, do not worry - there's ALWAYS another trade.
Patience is really necessary in order to be successful in the future, since the market is volatile and you always need to be patient to earn more profit when the market pumps up again.
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Re: What are the usual mistakes that newbie traders usually do?
As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
Most of them are investing due to the hype in the market and when the prices are dumping then they will sell it at its lowest price due to panicking which is a very bad habit.
for us at this time do not invest and do not trade in the trade market, because the market price of bitcoin is having problems regarding the price of coins, we have to wait for the stable price of coins.
People who are investing for long term investment are in a good situation right now because they will just be waiting for the price to pump up again, while people who are using cryptocurrency to use for living are really having a hard time right now.
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Re: Do you think its the right time to sell Bitcoin ?
You can say your not paying attention to the prices but they are likely to drop to below 4K level. You going to be waiting a long time my friend.The price is all that matters because your here to make money not admire the tech
In my own opinion, bitcoins will never drop to $4k dollars because there are still a lot of people who are waiting for the price to drop so hard before investing a huge amount again.
I found lot of traders who bought a special coin from many exchange site. Then few months they go for sleep and wake up after 5 years. So now what about your trade?
Not every coin does have the potential to grow in the market and that is the reason why you should always save your coins in order to earn more profit when the market pumps up again.
In my very own experienced there is no good outcome when you HODL too much. First of all do you know what HODL means? HODL is used when referring to hold the cryptocurrency rather than selling it. Holding cryptocurrency is no good because it means you dont have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit. I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Dont be lazy, think big.
Holding is a must at the moment because the market price is currently dumping and that is the reason why you should invest a huge amount today.
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Re: are you now afraid to save bitcoin until December 2018
I saw a lot of news in the media about the price of bitcoin. and they predict bitcoin can go to the month again in December 2018 and there are some media that say the price of bitcoin will go down and this news makes investors afraid to buy bitcoin.
do you believe the price of bitcoin will rise? or believe the price of bitcoin will drop!
The price drop right now is very hard but it was fine since the market is based on supply and demand so will still surely earn profit when it pumps up again if you will be investing a huge amount today.
If in trading apply fast trading strategy, What obstacles are constraints and weaknesses?
Right now you do not need to buy fast since the market is currently low but it was the good time to invest a huge amount in order to earn more profit when the market goes back to normal.
Trading is very risky they said and the information to learn is very wide , every losses and profits is a experienced that is why I'm very interested in trading , yet i don't know where i should start .
Can you share guys how do you start with this line?
Trading is very risky because the market price is based on supply and demand but you can always try to invest when the market is currently dumping just like what is happening right now.
How effective are bitcoin trading bots? I read a review on google where a person claimed that he turned 300$ into 50000$ in one year using bitcoin trading bot (i can't remember the name of the bot).
I never use trading bots and it was not really good to use since your experience is the reason why you are successful right now in this industry.
what needed to start trading guys , and can you please give some trick tips , advice
You only need a decent knowledge before you start trading in the market, because in that way you will realize how supply and demand works in order to determine if you will be earning profit or not.
Social media are the things we should not believe the most. The news is uncertain and sometimes it does not affect our portfolio too much. We should not listen to the words of journalists say, we have to design their own strategies to play with the market. That's the best way.
I agree on you, there are a lot of people in social media who are spreading FUD and that is the reason we should conduct our own research to know the truth.
Hello, I am newbie in trading. I start trading for make some profit Would it be possible to make 10% of your capital every day?
This would be 300% in a month, this is a lot.
It really comes to your capital:
If I invest 200$ and 10% of 200 would be come 20$ daily and one month come 600$ ...
If I trying hard daily profit 10% huge profit come in one month
In my own opinion, 10% profit is not possible since the market is based on demand and supply and that is the reason why you should always invest every time the market prices are dropping.