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Shehzad2285

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  1. Rules of Crypto Trading Please note that none of this is investment advice. Invest at your own risk! Only invest what you can lose. During the recent crash in January 2018, hobby-investors got burned. Reports of frustration and losses came at the cost of broken monitors, smashed laptops, and heavy monetary losses. While the rules are in more particular order of importance, it’s safe to assume that this is the most important rule, the rule to rule the rules. As soon as your money is converted into cryptocurrency, consider it lost forever. There is absolutely no guarantee you can get it back. Losses don’t simply come from dips in the market; extraordinary factors such as hacks, bugs, and government regulation can mean you’ll never see any of your money again. If you are investing money you can’t afford to lose, you need to take a step back and re-evaluate your current financial situation, because what you’re about to do is an act of desperation. This includes: using credit cards, taking out mortgages, applying for loans, or selling everything and traveling the world (as glamorous as that sounds). Always pay attention to Bitcoin. Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline, or remains stagnant in price. Never put all your eggs in one basket. Diversify. While the potential to earn more is increased with the amount of money you invest into a coin, the potential to lose more is also magnified. Another way to think about it is to look at the cryptocurrency market as a whole; if you believe that this is just the beginning, then more than likely the entire market cap of cryptocurrencies will increase. What are the chances that this market cap increase will be entirely driven by one coin vs. being driven by many coins? The best way to safely capture the overall growth of cryptocurrency is to diversify and reap the benefits of growth from multiple coins. Also, fun fact — Between January 2016 and January 2018, Corgicoin has increased by 60,000x, and Verge has increased by 13,000x. During the same period, Bitcoin has increased by 34x. While you would have gotten impressive gains from Bitcoin, expanding into other coins could have landed you potentially larger ones. Don’t be greedy. No one ever lost money taking a profit. As a coin begins to grow, the greed inside us grows along with it. If a coin increases by 30%, why not consider taking profit? Even if goals are set to 40% or 50%, you should at least pull out some of the profit on the way up in case a coin doesn’t reach the goal. If you wait too long or try to get out at a higher point, you risk losing profit you already earned or even turning that profit into a loss. Get into the habit of taking profits and scouting for re-entry if you want to continue reaping potential profits. Don’t invest blindy. There are people in this world who would sell a blind person a pair of glasses if they could make money. Those same people play in the cryptocurrency markets and use every opportunity to exploit less-informed investors. They’ll tell you what to buy or claim certain coins will moon, just to increase the prices so they can exit. Due to the highly speculative nature of the cryptocurrency markets today, a good investor will always do his or her own research in order to take full responsibility for the potential investment outcome. Information coming from even the best investor is, at best, great information, but never a promise, so you can still get burned. Don’t FOMO. This is a spot that people most frequently lose money on. A dash of manipulation, two tablespoons of media hype, a cup of CME and CBOE announcements, and a generous handful of FOMO drove Bitcoin prices from $10,000 to $20,000 in December. Since that time, Bitcoin fell to a low of $9,000 and is currently sitting at around $11,000. It’s easy to look back and say, “if only I waited one month, then I could’ve bought at $9,000 instead of waiting for Bitcoin to hit $20,000 again for me to break even.” But the reality is, the combination of 1) being greedy, 2) investing blindly, and 3) FOMO were likely large contributors to the purchase at an all-time-high. Even in the crazy world of cryptocurrency, if a coin pumps that quickly, it will correct — it’s a matter of time. Speculative pumps are almost always followed by dips. While trying to jump onto a train going full speed sounds like something straight out of a James Bond movie, I’m sure most of us can agree we would probably save some limbs if we just waited for it at the next stop. Categorize your investments and look at the long picture. In the process of your research, you’ll eventually realize you’re coming across a few different categories of coins. For some of them, you believe they have good teams, great vision, amazing publicity and a track record for successful execution. Great! Put these into medium or long-term holds and let them marinate into a delicious tenderloin. When the price dips, don’t even consider panic selling because anything in your medium or long-term portfolio should remain untouched for a set amount of time. BNB is a good example of a coin Miles considers a long hold. Recently, it dipped 20% for a while, and within our community, we witnessed some sell-offs to preserve investments. A week later, it jumped up almost 3x for a period of time. Always learn from your mistakes. Never accept a total loss. Always evaluate the situation and try to figure out why it happened. Take that experience as an asset for your next move, which will be better because you are know more now than you knew before. We all start off as amateurs, and we have all lost money throughout out trading experience. In his first month of trading, Miles went from $1,000 to $300. I’ve lost a lot by selling at losses inspired by fear. No one is perfect, no one wins every single trade. Don’t let the losses discourage you, because the reality is they’re making you better trader if you choose to learn from them. If you are doing any active trading, set stop losses. For any coins not in your medium or long-term holds, always set stop losses. This is important for several reasons — the most obvious is mitigating your losses. But more importantly, you force yourself to decide on a point of acceptable loss, and because you now have a reference point, you are able to measure your effectiveness to keep or adjust for future trades. Sometimes, during a market dip, altcoins can plummet, and stop losses can lead to profitability by automatically selling for fiat that you can use to re-enter at lower prices.
  2. Now a days the method of transactions are carried out through international cryptocurrency in which scammers are involved and deprives the client from their money by using different techniques and technologies. Is there any preventative measures to stop them from such fraudulent.
  3. Volatility is a big part of bitcoin price rallies and selloffs, which has defined the cryptocurrency during the last few years. But, this volatility will continue to decelerate as bitcoin becomes more mainstream with the introduction of futures and other instruments, said Bloomberg Intelligence senior commodity strategist Mike McGlone. "Bitcoin price volatility should continue to decline in 2020, with the transition from a bear to a bull market apparently over," wrote McGlone in his December update. "Increasing institutional interest and vehicles for exposure -- futures, options, Bakkt -- are part of the maturity process. Prices appear to be increasingly caged, with $6,000-$12,000 marking the majority of the range's bell curve." For 2020, bitcoin’s solid support is at $6,500 and first resistance is at $10,000, McGlone pointed out. Throughout 2019, the popular cryptocurrency built a solid footing and its next price move is tilted to the upside, noted McGlone. "A primary factor supporting appreciation of the bitcoin price next year is its potential to end 2019 near a good support zone. The Dec. 3 price of about $7,300 is essentially the mean, median and mode this year," he wrote. "In 2020, we expect Bitcoin to migrate more toward 2019's high close of about $12,730, as opposed to revisiting the $3,360 low." Bitcoin prices peaked near $20,000 back in December 2017, which was followed by a significant selloff and a bear market. This year's move above $6,500 signaled an end to that bear market, said McGlone. "Bitcoin's most widely traded price is about $6,500 -- the peak of the bell curve -- since the consolidation period starting in June 2018. Sprinting above this level signaled an end to the bear market, and revisiting it portends an extended range-bound slog before a sustained bull market returns," the strategist said. The more mature bitcoin becomes the more it resembles the crypto market’s version of gold, especially considering that bitcoin’s supply is limited to 21 million, which means that only about 17% more will be created, said McGlone. “Increasing adoption of Bitcoin, the digital quasi-currency with limited supply, tilts our price outlook on the first-born crypto favorably for 2020 and the next decade. This year was part of its transition toward the crypto-market version of gold. The maturation process should continue, notably as volatility declines.” Bitcoin is winning the crypto race of mass-adoption — a sign that prices will head higher, noted McGlone. “Plenty can go wrong with a nascent asset, but unless the basic premises reverse -- mass adoption and fixed supply -- there's a higher probability to sustain price appreciation vs. depreciation,’ he said. Going forward, bitcoin’s price moves should resemble that of gold, added the strategist. “Got a view on gold? Then you should on bitcoin,” McGlone wrote. “Bitcoin trading will more closely mimic gold's… Both quasicurrencies are retracing bear markets and got a bit ahead of themselves in 2019,” he said. “Escalating trade tension, slowing Chinese economic growth, unrest in Hong Kong and the depreciating yuan are incentives for currency diversification.” How can we hel
  4. Institutions are so happy that they have more time to prepare their entry to the now nearly bottomed market.. Truly remarkable if you know about all the banks, exchanges and partnerships being made behind the scenario :Mining has become a new career which generates rewards by cracking the tough calculations. Hash rates are very important to speed up the mining process. The high hash rates mean more coins to mine and high profit. This requires high-quality graphics cards and quality of hardware/software. Currencies take different time to crack or mine the coins. All the blocks and transactions are stored in the public ledger which is decentralized one. Each solution is coded in different codes so there is no counterfeit. These currencies are growing speedily as most of the people tend to them because of their inherent features
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