Crypto Currency

Bitcoin or shitcoins? What to buy? : | Bitcoins | Other Crypto Coins |   BTC | Heading to the market? My bad, that’s like a daily routine. Putting it right; what are you looking to buy today? Bitcoin or shitcoin?... sorry, altcoins. Well, whichever way you put it, you’ll still get to see a point. For someone delving into the crypto space, the popular disparity between bitcoin and altcoins could create a dilemma. Stick to the most popular cryptocurrency? Or surf the market for an alternative? If you’re a pro in the crypto space, then you will surely have lesser troubles answering this, well, if you’re a pro, you are probably not reading this right now. Bitcoin maximalist describes bitcoin as ‘the safe word’ and occasionally go a mile further to talk down on other crypto assets. ‘Shitcoins’! Well, there is a reason for this and many times, they are right. Certain toxic behaviors exhibited by altcoin projects have won them the popular name, but despite some altcoin projects displaying con

 This Is Not 2018 - It's Time To Buy The Dip! : Buy The Dip! We have been seeing this meme over the last few years, constantly encouraging buyers to buy the dip! I guess over the long-term there is never really a bad time to buy Bitcoin but there definitely is a better time to buy Bitcoin! Buying dips in a bear market defeats all rationality, especially over the medium-term. Sure, in the short-term you can trade and secure profits but it makes more sense to allow the bear market to reach exhaustion and then to await a trend reversal and then begin buying the dips in a technical bull market. Furthermore, trading long in a bear market can get you wrecked even if you are scalping. Bitcoin is known to drop significantly in minutes, even seconds. Buying dips in a bear market is quite simply, not the best strategy as in a few weeks or months the price will be even lower than the previous dip! Get Your Bull On! Technically, we are now in a bull market despite the current price drop in BTC

  BITCOIN Fights Back: Is This The Start Of Something Great? : BTC Fights Back: Is This The Start Of Something Great? Back in August,  Forbes reported  that George Ball, a big name in the investment world, put forward an interesting prediction. George Ball, CEO of the billion dollar financial services firm Sanders Morris Harris, advocated that a potential turning point for Bitcoin would begin on Labor Day, September 7th. The prediction came in an interview with Reuters you can watch  here . George Ball made the comments in the context of investors dealing with a summer dull and the effects of COVID. In a context of a stock market heavily inflated and held up solely by the BRRR money printer of fiat and stock buy-backs, the danger of a turning point becomes greater and greater. A looming threat hangs over the market when that market is held up by liquidity and only liquidity. As investors and traders await a new spark, which may never come, they begin to get more and more shaky and unce

Taking Profits: Why, When and How : The world of cryptocurrency is a very volatile one, just over this week major cryptocurrencies like bitcoin and Ethereum have went up 10-30% and proceeded to dump up to 50% then go back up over the past day. Clearly this is not a market for the faint of heart. But how do you actually succeed in it? Sure, you can try timing the dips and pumps but that might be difficult or unpredictable at times. Instead you should aim to take profits on a pump so that whatever happens afterwards you aren’t as affected.   The principle of taking profits Say you bought 5 Ethereum at $300 each, and over the next week it goes up to $450. If you held all your coins you would be at a 50% profit, but this is risky as you don’t know if it will soon after crash down so you lose your profits or even worse go under $300 so you lose money. This is why you should focus on taking profits on the way up. In this example you could sell 1 ETH at $350, then 1 at $400 and 1 at $450. Thi