During these times I try to double down on what I have and wait out the red days. When I first got started I would sell during the red only to regret it a day or so later. Investing with a long term mindset is the key. It's cool to make a few quick flips on some coins but the ultimate reward comes from being patient.
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Ditto. I used to sell....and learned the hard way in stocks on a very large margin call - cost me my twenties....
Marginal trading is another tough lesson to learn if your not careful. I'm glad I caught on to the concept in my earlier trading days. Don't get me wrong with marginal trading as it does have some good value to it. It's just that when it's time to collect from the trades, the bulk of the money goes to the actual lender. It gets tricky so just be sure to overlook the terms before engaging.
yes you are right investing in longterm portfolio is a key short term is always gives you loss so you should HODL your coin for atleast year or two, but this is my personal opinion.
You guys are bang on. The newbies cause these panic waves. HODL.
I just switched over to attempt exchange style trading and it seems like if you do it right you stand to make more profit than just playing the big "3" from coinbase. Do you have an exchange you recommend?
There are at least a dozen "major" exchanges around the world that do significant volume in a given space of trade pairs. Poloniex is an excellent option for a first time exchange account as they vet their available trade pairs well, and only make available what has a significant enough volume developed from other exchanges to support their customers' divestiture should they decide there exists some good reason to liquidate (i.e. truly worthless claims, dodgy mods, fraud, technical problems, etc). Some of the other exchanges like Bittrex or CCEDK use the power of being able to offer listing to a small coin for a larger cut of the transaction fees, and provide a means of capitalization through trading into bitcoin and the others available. As soon as you can trade a coin newly minted into an exchange of any sort, make no mistake that "money" is being "created" just like a central bank does, except the new "money" is in our decentralized open-source ledger rather than the fed's centralized closed-source private/public banking cartel. Additional major players in the exchange game are obviously those of eastern origin, such as BTCe and BTC38, both Chinese. The last group of players would be the futures markets that offer some simple options trades or highly leveraged margin accounts like Bitfinex and BitMex. To give you an idea of the ability they now wield, Bitfinex was being criticized in April for being "insolvent," but have sinced launched IOTA which peaked at a market cap of nearly $1.8B. Value that they created. In their computer. The current market cap is at a paultry $800M, but you can bet they can pay their bills now. For a long time.
Sorry for the red pill. I do that sometimes. Most times. =]
Start with Polo. Follow the rabbit hole down from there. =]
G3
Another chinese site which has english is Yunbi. But you need a chinese bank acct.
I wanted to get PAY & MCO so I signed into BITTREX. They have lots of alt coins there
https://steemit.com/bitcoin/@ravindrasail/help-improve-bitcoin-org-and-earn-bitcoin-with-its-new-bounty-program
It's the moment of selling and getting USDT for the big dip:
https://steemit.com/bitcoin/@crypto-insider/bitcoin-will-collapse-this-july-make-money-out-of-it-usdusdusd
Couldn't agree more. Holding hold would help to gain more financial returns. Selling short could lead to a lot regrets.
I call it a financial rollercoaster and I'm just riding until I reach my level of satisfaction. This whole experience as a whole is a learning process. A day at a time and constant research helps when I see red. Good vibes to you 👍🏾👍🏾👍🏾👍🏾
Smart advice
I am a great fan of LTC and I am sure it will hit $500 soon, because of many reasons that LTC investors know as well.
especially the 24h trading volume, always in the 3rd position. so if you are a wise investor buy low and if it goes up dont sell, and keep just buying as low as possible.
the goal here from investing in digital currencies is financial freedom, I and you still achieve it in LTC.
Even $55 for one LTC is still undervalued.
if you read this comment carefully you will remember me in a matter of 1 year or two if u do what it contains.
Agree, my plans going forward are to take my profits and put them into LTC exclusively. Hoping the best for a dgb recovery soon!
#payitforward
I agree. that why I got excited when it dipped to $45
I'm sure it will outpace Bitcoin this year even if that scaling controversy is resolved
Because what ever Bitcoin can do with SEGWIT, Litecoin is doing better already with Segwit & Lightning Network
Just because I believe in signs, I will! Thanks!
Automatic investment plan for LTC is a good idea (obviously with what you can afford to lose 100% of). I see LTC breaking out August 1, regardless of the BTC outcome. It's a much faster platform and Charlie Lee is crushing the road tour promoting the capabilities and bring Asia on board. Once Litecoin is mass adopted by Asian markets and daily users the price of LTC will soar.
Yes HODL is the ultimate truth.
Patience and endurance are the main reasons for any success; no matter if in business, sports or partnership. You have to sail through the harsh times of life to reach Robinson's Island!
It's always the Q: Are you able to dream on, even everything might be lost... - ?
Cheers!
Yeah It's a solid time to reorganize the portfolio and purchase coins that may have been at price points that didn't seem attractive at the time.
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What do you like about this card in comparison to Bitpay or Coinbase Shift??????? I've heard Coinbase has horrible customer service for the shift card and Bitpay seems to be attempting to operate a legitimate payment system.
Monaco and Tenx would be whaat you need to be looking at right now!