This post is for all of the Bitcoin holders who did not give up on Bitcoin even though it went down below 2000 USD. Today's a nice day to hold Bitcoin earlier in the morning Bitcoin was about to go below 2200USD but instead it took about a 6% uprise leading it to the borderline price of 2500 USD.
Many people have been wondering about the fact that when is Bitcoin going to tear the limit of All time High and reach new heights.
Additionally the Bitcoin market cap has just crossed over 40Billion USD. Things are looking quite good for Bitcoin right now. The only question that remains is that will it be able to keep up this momentum.
With over US$1.2bn in 24-hour trading volume, Bitcoin is slowly getting back on track. For some reason, Ethereum trading is double the volume of Bitcoin right now. It is possible this has something to do with the recent Parity hack and people selling ETH across exchanges as quickly as they can. Only time will tell what the real story is behind these numbers, but we do know Ethereum is suffering from a value decline whereas Bitcoin is on the rise.
In the end all I can say is that Bitcoins up and I am happy.
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Im actually intending to make money by making short term margin trades , so i also can make money when it goes down , im actively managing my crypto investments
Actually I have almost Zero idea about margin trading can you explain a bit to me??
In simple terms , you deposit 1 BTC on the exchange and the exchange lends you say 9 BTC so you can now make trades for 10x your deposit , 10 BTC
However , on regular trading you would need for the BTC to go down or up 100% to lose all , or double your btc , but on margin you would only need the price to vary 10% for that
It basically increases both your possible profit and loss
(The multiplier is called leverage , and each exchange set the maximum , the user can chose how much risk is he willing to take)
Man it's too complicated for me I am good with simply mining bitcoins.😁
Hmmh , And i find mining complicated , with all the setup for the equipment and the calculations involved in making sure you are not losing money
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I am betting on bitcoin rising to $5000 this year. Keep your fingers crossed, because this would mean an uptrend for most alt coins.
It might go there we cannot say anything.
We saw the market collapse recently and many of the FOMO's started selling it cheap and frankly speaking lost some money.
But look at it now its soaring high in the sky still.
So anything's possible.
Yes --- a good day to be holding Bitcoin.
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