When something goes up massively and really quickly, I find it's pretty much always guaranteed it will retrace 50% at least, once its reached the highest point it's going to get for a while. I was in bitcoin when it dropped from $1000 to $200 in two years. But then years later it hit $3000.
It took a lot of time and expereience for me to learn to trade better.
My suggestion would be either approach (1) dollar cost average, or (2) actively trade. But if you actively trade, you need to know what you're doing or you can even lose money during a massive bull market .
I read a story of someone who had around $150k made from trading over 2 years, but then decided to short DASH when it was still increasing in value, and ended up losing pretty much all his capital when he got margin called.
Hope you can recover, and then make a profit, in the future.
I want someone to guide for somedays but yeah actively trading is beneficial.
Can you suggest me any coin today ? Or should I buy ethereum!!
I think ethereum is at hike today !
We've just had a huge bubble in crypto. At some point a down-turn will occur. I think there's a fair chance we're into that now (though of course I could be wrong). If so, it means easy money will be very much harder to make :( If we are into a down turn then I personally won't be thinking much about buying in the near future (other than some icos possibly). I would basically wait until it looks like either the down-turn has ended, or we get another crash which would provide a quick opportunity to make money on the bounce-back.
Regarding which coins to buy I have no idea. Also much more difficult since the poloniex trollbox is no longer around! Maybe there are other troll-boxes or you could scan all the various forums :)
Hehe.. have an upvote I guess :)
Yeah !! I'm in loss these days !!
Literally I'm very upset !
I know god will help me to recover from this
Sorry to hear.
When something goes up massively and really quickly, I find it's pretty much always guaranteed it will retrace 50% at least, once its reached the highest point it's going to get for a while. I was in bitcoin when it dropped from $1000 to $200 in two years. But then years later it hit $3000.
It took a lot of time and expereience for me to learn to trade better.
My suggestion would be either approach (1) dollar cost average, or (2) actively trade. But if you actively trade, you need to know what you're doing or you can even lose money during a massive bull market .
I read a story of someone who had around $150k made from trading over 2 years, but then decided to short DASH when it was still increasing in value, and ended up losing pretty much all his capital when he got margin called.
Hope you can recover, and then make a profit, in the future.
I want someone to guide for somedays but yeah actively trading is beneficial.
Can you suggest me any coin today ? Or should I buy ethereum!!
I think ethereum is at hike today !
We've just had a huge bubble in crypto. At some point a down-turn will occur. I think there's a fair chance we're into that now (though of course I could be wrong). If so, it means easy money will be very much harder to make :( If we are into a down turn then I personally won't be thinking much about buying in the near future (other than some icos possibly). I would basically wait until it looks like either the down-turn has ended, or we get another crash which would provide a quick opportunity to make money on the bounce-back.
Regarding which coins to buy I have no idea. Also much more difficult since the poloniex trollbox is no longer around! Maybe there are other troll-boxes or you could scan all the various forums :)
you can help me the same way you helped jwolf @xaero1
Only 'cause this was my first post ;)
oh yeah ,congrats with your first post :)
Thank you sir, may I have another?
Thank you so much!
solid comment lol