Oops Bitcoin Did it Again
If you're new to this whole game of crypto there is one thing you always need keep on your mind and that is Bitcoin. Historically whenever BTC price starts to move up, everything, I mean every damn altcoin will go red. BTC is slow, it is big, fees are enormous, but without Bitcoin this whole crypto market wouldn't exist. Success of Bitcoin is a success of every other coin.
I want Bitcoin to succeed because when BTC price pumps, every time when the price calms down, we always had altcoins price pumps. Time of alts has been placed on a pause once again because BTC price is moving, some alts are still going up, but that will not last long once BTC starts to move again, probably after this weekend ends. It is a tough game if you don't know how to read the markets, and always remember that everyone is a genius during bull markets, once the markets shift into a bear territory, which inevitably they will, if you're not careful you might lose a lot.
Always try to swing trade, meaning buy and hold, once the price moves up, could be e week, a month, a whole year, if you stay patient it will pay off. Day trading on the other hand is way more stressful, your heart starts beating fast, you start to sweat, interestingly enough there is a same amount of stress if the price starts dropping or if it starts to move up, what I'm trying to say, it is not healthy to day trade. I learned that the hard way. Leave emotions out of the game, buy, hold and relax. Always invest the amount you can afford to lose.
Bitcoin is still the only REALLY interesting crypto. HODL to the moon!
There are a lot of interesting cryptos out there, BTC maximalists need to open their eyes and see the huge alt coins potential.
" Always invest the amount you can afford to lose."
I'd say invest the amount you're happy to risk losing. You might be able to afford losing half your bank balance. But would you be happy if you did and lost it all?
Small difference in meaning but significant, all the same, I'd say.
Bitcoin price will rise in the short and long term because of technical and fundamental reasons.
Once I saw that pattern yesterday I knew it it is that time again, a time when BTC explodes. Monday will be interesting.
I think that the level of 20 000$ will be reached in January. Moreover, popularity of cryptocurrencies is rising worldwide and it's a great opportunity for the e-commerce.
Best advice ever. Only invest what you can afford to lose.
I've dabbled in various techniques since teaching myself three market. At first, I thought I'd be great at day trading- I have the savvy, have the instinct, and most importantly- the patience.
What I didn't count on was the sheer amount of energy it takes to day trade. Seriously, it's not good for anyone's health.
My mantra now is buy low, sell high, be in it for the long game, and only play what you can lose.
Great article!
hehehe. and might do it once again and again..until?!?!
It is an endless loop. Never ending cat and mouse game.
yes, I think so.
as long as bitcoin is still used as an alt coin price indicator. bitcoin will gets bigger
regards
@azmielbanjary
LOL I'm working on the 'leave emotions out of it' aspect, but it's just so darned exciting. Pair that with the fact that I don't know much about crypto yet and I can barely stand to focus on any one thing lol.
Thanks for sharing information with us since I’m new i don’t know much about bitcoin market.hope to learn more from you.
Bitcoin is according to the rules of bubble popping, it should now rise to around 17k and than crumble to around 1k or may be even lower. @moon32walker
We shall see.
Solid advise.