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Author Topic: Cryptocurrency holding and trading  (Read 5390 times)

Offline UNIVERSE

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Re: Cryptocurrency holding and trading
« Reply #105 on: November 30, 2024, 11:29:25 PM »
Hype coins, only for short term trading, not recommended for long term, moreover the meme coins and other shitcoins, this will exactly end easily after hitting its ATH, and will not be able to survive again in the market.
Agree. Those hype coins is for short term trading or for short term holding only. Whether it is meme coins or other type of crypto coins, those hype coins will be quite risky to hold for a long time. It is because the hype won't last a long time, it just lasts for few weeks or few months only. But if it is fundamental coins, it is no problem to hold for a long time. Moreover if it is a top coin with strong fundamentals and probably have good future.


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Re: Cryptocurrency holding and trading
« Reply #105 on: November 30, 2024, 11:29:25 PM »

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Offline Mr. Magkaisa

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Re: Cryptocurrency holding and trading
« Reply #106 on: December 01, 2024, 06:38:35 AM »
Hype coins, only for short term trading, not recommended for long term, moreover the meme coins and other shitcoins, this will exactly end easily after hitting its ATH, and will not be able to survive again in the market.
Agree. Those hype coins is for short term trading or for short term holding only. Whether it is meme coins or other type of crypto coins, those hype coins will be quite risky to hold for a long time. It is because the hype won't last a long time, it just lasts for few weeks or few months only. But if it is fundamental coins, it is no problem to hold for a long time. Moreover if it is a top coin with strong fundamentals and probably have good future.

      -      There are many short-term hyped coins that are coming out now that most people think are long-term, so they hold on, but they don't know how to pull back in the end. So we should not only know how to go along with the hyped coins but we should also know how long we will hold the coins, especially if we are not sure that they are long-term.

Unless we see that the market cap is high and the daily volume trade is also high, it can be said that it is long-term and has potential in the future.

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Re: Cryptocurrency holding and trading
« Reply #106 on: December 01, 2024, 06:38:35 AM »

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Offline emmybd

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Re: Cryptocurrency holding and trading
« Reply #107 on: December 01, 2024, 04:13:07 PM »
Those who have bought when the market was down are immensely benefitting in the current uptrend. But only a small percentage of people have spare funds to buy dip and wait for the market to go up.

Offline Fivestar4everMVP

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Re: Cryptocurrency holding and trading
« Reply #108 on: December 01, 2024, 05:24:11 PM »
We may lose capital for some time while trading which I consider as part of the normal process. In the crypto market I should trade with a tendency to respect price sensitive behavior and with proper selection process my portfolio can show positive trend which gives me more buying sense. One should try to get an average price through regular purchases for maintenance so that a large holding can accumulate over time and not deviate from the main objective of trading.

If at the same time taking lump sum investment decision can increase the risk of capital, a trader should try to get a decent portfolio by making some purchases periodically so that the purchase price eventually shows an average UP.

To reduce the risk of capital and get profit we should invest ourselves in buying regularly like any amount every week or every month instead of waiting for bearish period. If you have sufficient holdings you can leverage your investment with any method. Short term or long term.
Well, as much as Iike the idea of buying a choosen cryptocurrency periodically, it is also important for us to know that when we keep buying at a higher price that is more than the price that we bought the asset in previous time, it's actually does not in real sense increase the overall profit we stand to gain or make, because if any thing happens and the price of that asset start plummeting, you either will have to raise funds to buy a lot of the asset at that lower price to reduce the entire cost of the previous purchases, or you will likely end up in a huge loss if for whatever reason, you end up selling at the price below what you bought.

The best strategy is to strive to buy in every moment at a cheaper price,  this is why its best to invest in an asset during a bear season, when we have multiple opportunities of buying the asset at a lower price after a lower price, while the bull season is time to take profit.
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Offline Rubel007

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Re: Cryptocurrency holding and trading
« Reply #109 on: December 01, 2024, 06:10:27 PM »
Hype coins, only for short term trading, not recommended for long term, moreover the meme coins and other shitcoins, this will exactly end easily after hitting its ATH, and will not be able to survive again in the market.
Agree. Those hype coins is for short term trading or for short term holding only. Whether it is meme coins or other type of crypto coins, those hype coins will be quite risky to hold for a long time. It is because the hype won't last a long time, it just lasts for few weeks or few months only. But if it is fundamental coins, it is no problem to hold for a long time. Moreover if it is a top coin with strong fundamentals and probably have good future.
To reduce the risk of the investor, reliable investments are required. The possibility of making multiple profits in a short period of time in hype coins which is not possible in the others ordinary coins. Again, these coins are so risky that the investment can reduce exceptionally at any time. Now if the investor wants to take high risks, then it is completely his own matter. But I will definitely trust in investing in reliable coins. Because if you invest in those coins, there will be a possibility of getting returns which is not possible from hype coins.

Offline doc

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Re: Cryptocurrency holding and trading
« Reply #110 on: December 01, 2024, 07:32:52 PM »
Hype coins, only for short term trading, not recommended for long term, moreover the meme coins and other shitcoins, this will exactly end easily after hitting its ATH, and will not be able to survive again in the market.
Agree. Those hype coins is for short term trading or for short term holding only. Whether it is meme coins or other type of crypto coins, those hype coins will be quite risky to hold for a long time. It is because the hype won't last a long time, it just lasts for few weeks or few months only. But if it is fundamental coins, it is no problem to hold for a long time. Moreover if it is a top coin with strong fundamentals and probably have good future.
To reduce the risk of the investor, reliable investments are required. The possibility of making multiple profits in a short period of time in hype coins which is not possible in the others ordinary coins. Again, these coins are so risky that the investment can reduce exceptionally at any ti
me. Now if the investor wants to take high risks, then it is completely his own matter. But I will definitely trust in investing in reliable coins. Because if you invest in those coins, there will be a possibility of getting returns which is not possible from hype coins.
The greater the risk, the higher the profit generated if you choose the right coin, because if you choose the wrong coin, you will lose your money. There are investors who dare to take this opportunity by investing in new projects, but if we do not have experience there, we should choose a safe coin, it is advisable to choose the most trusted coins, I agree with this advice.

Offline LUCKMCFLY

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Re: Cryptocurrency holding and trading
« Reply #111 on: December 01, 2024, 11:01:19 PM »
Yeah that's right a proper plan and sticking to it in all situations, trusting your guts will make that plan successful. I really don't have that good information on his history and etc. but I know few things about him.

Currently market is in a downtrend situation as yesterday on sunday spoofing and other manipulations were done and for some time BTC dumped and it was not even a bid dump that all alts dumped more hard (a good indicator for investors).

Market do not depend on one factor like war, politics, etfs even, it depends on many other things too which sometimes we are underestimating.

Yes of course, it is undoubtedly moved by other things, in fact it has never been promoted for political reasons, only that sometimes some fundamentals can be the triggers for it to make a great bullish rally, personally I think one thing, everything that is in favor of btc has to be taken advantage of, whatever it is, be it a political bias or any kind of eventuality, if we can see the fundamentals are very significant because most of them make the price go down, so most of the fundamentals do that, in this case every opportunity must be taken advantage of.
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Re: Cryptocurrency holding and trading
« Reply #111 on: December 01, 2024, 11:01:19 PM »


 

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