My story, I'm starting cryptocurrency learning in early day of cryptocurrency but not understand and no information about I read newspaper anonymous person lunch digital currency name bitcoin,
Bitcoin is digital currency developed 2009,
I started learning little but not understand slow start sometime buy bitcoin or sometime sale, my friend every time online internet find the way of earning I'm tell this is new concept, my friend invest in crypto first time 2013, but lose money and again and again same situation lose again and again 2017,
bull market so, 2017 I learn and read about concept of halving, halving mean bitcoin reward low, every 3 to 4 year timing, I am invest money 200 USD in 2017 Bull and I also lose all money due to lack of information about bull or bearish
What is bull or bearish,
Bull markets opposite bear market
What is bull market,
Means financial market prices are rising or are expected
to rise
Every 4 to 3 year timing bitcoin, cut and bitcoin mining reward cut and bitcoin demand increase and new investor inter crypto market and influence rate too much high so market 3 to 4 month time bullish this period market bullish
every crypto seen bullish, bitcoin is a global currency cryptocurrency and kind of all currency, bitcoin demand increase also cryptocurrency in the market lower 3rd world country people attract into bitcoin due to lots of money flow in market and easy way to earn money so enter, but this market is new and not legal tender sometime good news and sometime bad he markets are not stable and bull and bearish continuous depend upon news
What is bearish market,
Means financial market prices are fall or are expected
to fall
Bitcoin is a new type of money and internet money no physical existence,
bitcoin bull market end due to lots of reason this is new market no use case in these days
lots of inverters enter as a greedy nature and earn more money but lose all money
Bitcoin mining day by day difficult so miner pay electric bill to sale bitcoin before halving and main reason pay bill big investor per mote bad news about bitcoin banned etc. result market crashed, and influence rate changed market up and down every month day by day market crashed bearish market time 3 to 4 years continuous and same again bull next halving in this time various kind of development are conte...
And new cryptocurrency enter market and lots of project fail There are a lot of reason project fail
Some reason project failed
low working
Low publicity
no list new exchange
bad new
fight project team
again and again hard fork and fud
Lots of example in crypto market project fail and loses value due to some main reason like
xrp
bitcoin cash
xem
Etc
this is main project bad news and attack in project lose value, bad new and attack in project lose value but survive but some project totally fail like
Segwit
Bitcoinxt
and many more totally finished and people lose lots of money
My opinion
How to treat cryptocurrency market
no greedy nature
no love any cryptocurrency
Just main cryptocurrency like Bitcoin cash Litecoin main cryptocurrency and unique cryptocurrency
Take profit and out after bull wait crashed market badly and stable 3 to 4 month same pattern, so you invest again slow in top alt coins
At this time trade your own risk
My experience
I.m starting trading since 2013 bullish market, I noted bull market timing is too much low and bearish market time is much higher but every situation new cryptocurrency enter market and contentious development
cryptocurrency is new market, and more needed more development
Treading tips
First learning about project , which you want to buy
Never buy any cryptocurrency bullish mood wait deep buy little again same think buy slow
Trading top cryptocurrency
Invest little in new project after research
Always buy deep and sale high
Long time holding and short timing planing holding and trading strategy long time pick top cryptocurrency bitcoin cash Litecoin binance coin Ethereum and short time trade daily base take profit and out
Current condition
That's it for today guys. Hope you learned something new here. If yes then:
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"long time pick top cryptocurrency bitcoin cash Litecoin binance coin Ethereum and short time trade daily base take profit and out" Great advice Although i'm HODLing these