Buying the Dip Can Result in Quick Gains if Timed Right
It can be tempting to sell low or “just hold”… but buying the dips (by setting limit buys near support levels) is generally profitable.
Cryptocurrency opinions, op-eds, speculation, and insights. Oh, my!
It can be tempting to sell low or “just hold”… but buying the dips (by setting limit buys near support levels) is generally profitable.
Cryptocurrency has been historically volatile. The only way around that is increased volume. The more people who are using and trading, the less any one person or event can cause volatility.
Big crypto corrections are always scary, but they are common and somewhat predictable. One plus is corrections like these present a great opportunity to slowly and methodically create a position for the future.
Bitcoin is rapidly being sold off, it is taking the entire crypto market with it. It is happening at a quick pace with sell orders overwhelming buy orders… like the exact opposite of the last Bitcoin boom.
Another Wave of Bad News for Crypto Leads to Even More Bad News; But For Some, that Might be a Buying Opportunity Even more FUD has piled up including a misinterpretation of a crypto ban in India and news of Facebook banning crypto ads. Meanwhile, Ether is making gains against BTC. In other words, after… Read More
According to Reuters, South Korea’s finance minister has stated that the government has no plans to shut down cryptocurrency exchanges or ban cryptocurrency trading.
The FUD has been piling up, and it is likely most cryptocurrencies will see some lower prices. It may seem counter intuitive, but times like this are when you might want to buy the dips.
Tether (USDT) is a stable coin meant to trade for $1. The idea being that dollars are held in a 1:1 ratio by the company Tether. We discuss the FUD and conspiracy theories surrounding Tether.
BitsTrades.com looks a lot like Bitconnect. Thus one might ask is BitsTrades a scam? No one knows. However, investors should very wary of this sort of structure given what just occurred with Bitconnect.
Between 2017 and 2018 there at least 20 Bitcoin forks planned, if not more. Each fork potentially nets Bitcoin holders “free coins” based on their current Bitcoin holdings.
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