Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: sulphur007 on April 08, 2020, 05:06:45 PM
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There are so many ways and strategies for bitcoin and crypto investement. Over the past couple of years, Bitcoin has grown in popularity substantially. As a matter of fact, Bitcoin is the leading cryptocurrency in the crypto market as of this moment. Despite the emergence of many other tokens, not one other cryptocurrency can seem to dethrone Bitcoin. How long will it reign supreme? To be honest, nobody knows.
However, the near future looks safe for Bitcoin. In fact, after attracting all the attention from Wall Street and further, it could be a great time to buy in. Bitcoin is still developing and has still many layers to iron out but one thing for sure, it’s not going anywhere. Although one question remains, is it still possible to make millions from cryptocurrency investment? All you have to do is look around you to answer that question. Every day there are self-made millionaires from crypto investments.
People dont realise that there are other options of making more on Bitcoin and other cryptocurrency. example , investing on platforms like coinexplorer (www.coinexplorer.tech) where you get double of your invested cryptocurrency after 7days. With that, you cant lose on cryptocurrency. Thank me later.
If I were to go out on a limb and hazard a guess, the reason you’re reading this article is that you seek the fortune that comes from Bitcoin trading. Many of us crypto enthusiasts/investors are wondering the same thing. Is the bubble over?is is still possible to make millions from bitcoin trading?? Well, the Winklevoss twins seem to think so. They’ve tied up a large sum of their capital in Bitcoin. Not many individuals are willing to risk there own capital on such a hazardous bet.
Furthermore, these are the same individuals that came up with the original concept for Facebook. They could be onto something. Regardless, we need to do our research and justify our own investment decisions when it comes to investing in Bitcoin. In the following article, will take you through how you can, directly and indirectly, make money from Bitcoin trading.
The History Of Bitcoin Trading
As any reasonable investor will tell you, it’s important to know the history of your investment.
Established during the recession in August 2008, was registered. Just a couple of months later, on 3rd of January 2009, after a paper was published on peer to peer trading, the Bitcoin network went live. During the early days, Bitcoin traded at low of .06c a coin. Reason being many people had never heard of it or understood it’s actual application. However, it wasn’t until 2013 when the price of Bitcoin started to rally, reaching a high at that moment of $1000. Four years later, in 2017, it reached a new profound high of $17500. Surpassing the infamous tulip as the greatest bubble ever in financial history. During the 2017 price surge, all of the popularity and hype surround Bitcoin drove the price through the ceiling. Despite what many other analysts say, every investment comes down to one thing; Is there a buyer and is there a seller?
If you get a lot of both than you have a very liquid base. In return, you’ll get insane prices. Everyone from your average Joe to skeptical accountant wanted in on Bitcoin. Despite the fact they knew nothing about it. Forget all the hypothetical theories analyst were pedaling. They were nothing more than high hopes and conspiracy theories. Basic economics never lies. When a bubble occurs, everyone gets in for a short while, and then it pops. However, sooner or later the cycle starts all over again. As of this moment, Bitcoin currently stands at a price of $8000. Are you ready to ride the second wave?
Things To Do & Consider Before Starting To Trade Bitcoin
If you’re new to this, you’re probably a bit lost but don’t worry. Firstly, you’re going to need to set up an account with an exchange, assuming you’re not interested in mining Bitcoin. Using an exchange is the easiest way to gain access to buying and selling. Ensure that you choose a reputable exchange for Bitcoin trading such as Coinbase or CEX.
Once your account is set up, you’re good to go. However, as we mentioned earlier it’s important to understand what you’re buying and can you afford to buy. With that said, it’s important to do your research. Understand how the blockchain network works, Bitcoins future developments, how does it stand out from competitors, your current financial position, your future cash outlays, your contractual financial obligations, etc. It’s vital that you know what you own and why you own it. Never get into an investment blindfolded. Make rational decisions and ignore everyone rushing you into it. It’s essential you separate emotion from logic when investing.
Establish A Profitable Bitcoin Trading Strategy
In this world, there are two types of traders; long-term trader and short-term traders. In all honesty, I do not believe there is a buy and hold strategy when it comes to Bitcoin. When it comes to Bitcoin trading, to make profitable returns, you have to be an excellent short-term trader. If you want to make profitable trades, you’re going to need to study up on technical analysis which is the study of price patterns.
To profit off trading Bitcoin, you need to implement a plan. For instance, you need a daily routine, and as part of this daily routine you need to know;
Your price patterns off by heart
What times of the day is the market most volatile and for how long
How quick is your internet to help you execute transactions on time
Have all the latest Bitcoin news at your disposal 24/7 and be ready to profit off any irregular price movements
Don’t get greedy. Walk away when you’ve made a sufficient return and knew when to cut your losses. The key to earning a profitable return is knowing when to walk away
Don’t put all your cash on one trade. Diversify across different coins
Never, ever spend money you can’t afford to lose
If you stick to these principles, you should have a very profitable time trading Bitcoin. On a closing note, it’s also crucial that you consider your taxes, commissions, and others which you occurred when trading Bitcoin. Only after all these things are considered, then you can establish how much profit you made
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Thank you very much for the good apost.
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The answer is yes. Anytime is a good time to invest in Bitcoin. Assuming that you plan to hold it.
Don’t get attracted by the current spike in the price of Bitcoin as it is due to multiple reasons like the launch of Bitcoin Futures, and so many others. Day trading may be risky, unless you know what you’re doing.
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If you never do buy using your investment, you cannot achieve the successful strategy of holding bitcoin.
Therefore, for us to earn big profit into bitcoin, we need to have it and to have bitcoin, We supposed to buy em of course
just simple as that.
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I think buying and holding is the best way to success.hereby you can earn more profit in the future.
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The answer is yes. Anytime is a good time to invest in Bitcoin. Assuming that you plan to hold it.
Don’t get attracted by the current spike in the price of Bitcoin as it is due to multiple reasons like the launch of Bitcoin Futures, and so many others. Day trading may be risky, unless you know what you’re doing.
Even if and investors is planning to hold his Bitcoin for a long time. Everytime is only good for an investors with adequate knowledge about crypto investment and keeping his fund save.
I think buying and holding is the best way to success.hereby you can earn more profit in the future.
Buying and holding is the only best way to success in crypto setting cause are other activities like loans, invest in genuine gambling site bankroll etc.
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Buying and hodl suitable for newbies who don't know what to do with coins
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I have a strategy to buy bitcoin buy at the current market bears when the price was very down and time is the place to buy bitcoin to time we sell a matter of time to sell bitcoin at the price we wanted to get a huge profit.
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Sometime this stagery work , but I personally recommend To used that Bitcoin for trading purpose and investment in good projects . When Bitcoin is reached a good price then you can sell and took your profit.
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Yes, is buying and holding is the best strategy for invest. also if you invest in right you can get more profit in the future.Hereby big loss can avoid.
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I think holding is best but bitcoin is best for day trading and long term investments.which one to choose it is your decision.
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No, you can try trading, arbitrage, or even more, Pos coins, MN coins to get passive income, look at the crypto world, there is a lot of opportunities to make money with crypto.
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What a long post!!!! Please be limit your post length.
However holding or buying bitcoin is successful strategy of new investors.
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Holding is best Way of earning a good amount of money if we hold Bitcoin for long-term investment . But i think Trading is good way of earning ( if we have good experience ) . I also hold some Bitcoin as long-term investment.
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not only but safest for most unless good invest/trade
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No, you shouldn't get carried away with just one type of cryptocurrency, even if it is bitcoin. For example, I am now more passionate about ethereum than bitcoin. However, all the same we must have a variety of promising cryptocurrencies. This will greatly increase our chances of making a good profit.
It should also be remembered that bitcoin in its popularity is not eternal.
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No, you shouldn't get carried away with just one type of cryptocurrency, even if it is bitcoin. For example, I am now more passionate about ethereum than bitcoin. However, all the same we must have a variety of promising cryptocurrencies. This will greatly increase our chances of making a good profit.
It should also be remembered that bitcoin in its popularity is not eternal.
I agree. Bitcoin is also a common cryptocurrency with a certain investment risk. As a general principle, the higher the price of a cryptocurrency, the more risky investing in it becomes. It is more painful to fall from such a price height and more material damage. This can be confirmed by those who bought bitcoin from about October until December 17, 2017.
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I agree with Da Monkey, Garret Ace is not rhe best beach machine, I used to have one and only took it on the beach once and it went wild on the wet sand.
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I think buying and holding is the best way to success.hereby you can earn more profit in the future.
Yeah. But it depends on market demand. If it is good, it will benefit. There is no need to doubt to invest in bitcoin
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I think buying and holding is the best way to success.hereby you can earn more profit in the future.
Yeah. But it depends on market demand. If it is good, it will benefit. There is no need to doubt to invest in bitcoin
Buying and storing cryptocurrency is not always profitable. First of all, the perspective for the price growth of a coin or token matters here. Bitcoin's prospects in this case are also not eternal. Everything can change within a few days.
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Buying and storing cryptocurrency is not always profitable.
Yes, it depends on your decision to do buying or storing. Investing in crypto is full of risks, if you are not ready you will lose your assets
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I think buying and holding is the best way to success.hereby you can earn more profit in the future.
Personally i am not agree with it because of unpredictable market. Just think one think, BTC was hit near 20k$ once upon a time and those who hold at that time with big or small amount what happen last 3 years in their fate. So better of trading instead of holding at this market so that you can learn trade and gain dividend at the same time.
thanks
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Buying and holding Bitcoin both are profitable. If you want to make profit in this way you could be very experienced other wise you will not make profit. You have to very calculative.
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I think buying and holding is the best way to success.hereby you can earn more profit in the future.
Personally i am not agree with it because of unpredictable market. Just think one think, BTC was hit near 20k$ once upon a time and those who hold at that time with big or small amount what happen last 3 years in their fate. So better of trading instead of holding at this market so that you can learn trade and gain dividend at the same time.
thanks
I personally know many people who bought they first part of the bitcoin in 2017. But they are now in nice profit. All of these people are using DCA method (dollar cost averaging). I think this is great method to be in profit.
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I think buying and holding is the best way to success.hereby you can earn more profit in the future.
The cryptocurrency market has always been volatile. It is uncertain whether this volatile market will not be able to make much profit in the future by holding on to coins in the long run. If you understand the crypto market more than this, you can make more profit by trading. In other words, if you buy a coin, you will sell it if the price goes up and you will buy it again when the price goes down.
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The cryptocurrency market is always volatile. So these fluctuations are stable at times and unstable at other times. The cryptocurrency market will never be right. Whichever coin you buy, the price may go down later. So you keep buying coins wisely. If the price goes up later, you must sell it. However, if you lose patience in the currency market, it will not work. Need to plan long-term investments. So you can trade to benefit from the market. I think trading is currently the best way. Because many traders are benefiting by trading.
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Yes brother cryptocurrency market always volatile and changable. One get profits and others simultaneously get losses. If anyone have no ideas about cryptocurrency trading and investment, he might be face losses without any profits.
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I think buying and holding is the best way to success.hereby you can earn more profit in the future.
Yeah. But it depends on market demand. If it is good, it will benefit. There is no need to doubt to invest in bitcoin
If one can learn trading, he will be amazed on how trading can grow one's Bitcoin holding. Taking the idea of selling high and buying low, trading offers an individual to grow his holdings by taking advantage of the volatility of Bitcoin. And we all know that Bitcoin is highly volatile. Rather than holding and letting Bitcoin to sleep in our stash, it is best to trade it and grow it using that method. So if the price of Bitcoin goes up, and we are able to grow our Bitcoin holdings into 2x the original amount, we can have an exponential profit. Though, I admit that it needs a lot of study and research because profit or money won't come that easily.
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I did not expect such a detailed presentation under this title. Thanks for taking the time to inform people who are just starting out.
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At times, trading altcoins may bring more profit than holding btc. But trading is a game for those who really know what they are doing, otherwise you might get burnt