Honestly, do you guys think cryptocurrencies will be gone anytime soon? - page 13.

Lucius

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Quote from: s92225 on October 12, 2019, 12:10:35 AM

Yes, I mean cryptocurrency in general, I have been only buying bitcoin so I didn't know about any other altcoins. It is so tempting to invest in them when you see 3 4x price increases.

It's actually good that you're not familiar with the world of altcoins, and that you only invest in Bitcoin. By doing that you reduce risk, and maybe even make some profit since you buy from the beginning of the year. I think you should focus on investing only in Bitcoin, but maybe 10% of your money can be used to play with altcoins.

When you say x3/x4 price increases, it is true that some coins can go up in value, but most of altcoins in the top 50 are fairly stable and in the short term is not realistic to expect some great jumps. What you can try is that you find some relatively new coin which is very cheap, but it has a good team who will probably pump that coin value. This is very risky trading, and most of those coins have no purpose other than just a pump/dump scheme.

Just look at the following link for an example, but know that none of the listed coins is not my advice for the investment Wink

https://coinmarketcap.com/gainers-losers/

elda34b

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Quote from: s92225 on October 12, 2019, 01:53:55 AM

Appreciate that !! Where do you guys manage your trade btw? Excel sheet?

What kind of management you're talking about here? Is it tracking loss and profit? Excel is probably the best, but it's not automatic. You can use some bot that supports similar features if you want automatic tracking. If not, and you're talking about placing stop-loss and target, I think most users stick to 20%-10% or 2x3 strategy and do it daily without making notes for every trade.

febriyana

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Febriyana Muhammad

Something hype will run to die condition, maybe.
Yes that is possible, cryptocurrency can gone soon.
But i think the cryptocurrency still there, only the price will gone. If we see before hype, Bitcoin already used for buying something criminal, so that is advantage because no one can kill Bitcoin. I am still confidence the Bitcoin price now is still cheap than in the future, so still hold it.

s92225

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Quote from: tbct_mt2 on October 12, 2019, 12:35:49 AM

Invest in crypto currency is not bad option if you compare to investments in other traditional assets like Gold, stocks, bonds, etc. However, the point is which one to invest all or most of your capital?

It is definitely that investors never should invest all of their capital in only one asset, even bitcoin.
My advice is:
- 70 to 90% of your capital should be allocated for bitcoin investment.
- 10 to 30% of your capital should be allocated for altcoin investment.
For the portion of capital allocated for altcoins, you should divide them into two parts:
- The first part: 70 to 90% of them for top altcoins.
- The second part: 10 to 30% of them for new altcoins that you see kinda potential from them. Remember that part is for highly risky investment.

That is some solid advice you have right there Sir！　Appreciate that !! Where do you guys manage your trade btw? Excel sheet?

dimonstration

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Dimon69

Invest in projects you only understand, altcoins are more risky than bitcoin. Bitcoin is always good to invest as long as we are willing to wait and didn't bother too much in prices since we wanted to invest it in long term, for me it's the safest way in investing cryptocurrencies than researching other cryptos or new projects that needs to be monitored every now and then.

Bttzed03

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https://bitcoincleanup.com/

Quote from: s92225 on October 11, 2019, 10:57:59 PM

I haven't been trading my bitcoins and cryptos since this year begins, but I have noticed that the hype train is slowing down since then, compared to last year.

The hype train was long gone after the 2017 bull run.

Quote

I want some honest opinion about the future outlook of BTC or crypto per se. Should investors invest in it ?

Since you already mentioned that you have been buying bitcoin only, maybe it's a good idea to just stick with that plan. There is a slight chance that we see altcoins pumping 3x or 4x again with the increase of bitcoin's dominance.

If you still insist on altcoins, you can follow tbct_mt2's suggestion. If you're going to ask what altcoins you should invest into, it's probably best to just look on your own because you might end up with people shilling their own bags.

tbct_mt2

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Invest in crypto currency is not bad option if you compare to investments in other traditional assets like Gold, stocks, bonds, etc. However, the point is which one to invest all or most of your capital?

It is definitely that investors never should invest all of their capital in only one asset, even bitcoin.
My advice is:
- 70 to 90% of your capital should be allocated for bitcoin investment.
- 10 to 30% of your capital should be allocated for altcoin investment.
For the portion of capital allocated for altcoins, you should divide them into two parts:
- The first part: 70 to 90% of them for top altcoins.
- The second part: 10 to 30% of them for new altcoins that you see kinda potential from them. Remember that part is for highly risky investment.

s92225

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Yes, I mean cryptocurrency in general, I have been only buying bitcoin so I didn't know about any other altcoins. It is so tempting to invest in them when you see 3 4x price increases.

pooya87

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invest in what? altcoins? no never. at least not as long as there isn't any altcoin worth investing in. until they start creating projects that are innovative enough to have some sort of long term potential, i don't see anything changing for altcoins being pump and dumps.

in bitcoin? of course! bitcoin has long term potential as its adoption is growing and more importantly since the adoption that has happened so far is still so tiny (less than 1%) and it is actually used in the real world not just traded on exchanges!

s92225

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I haven't been trading my bitcoins and cryptos since this year begins, but I have noticed that the hype train is slowing down since then, compared to last year. I want some honest opinion about the future outlook of BTC or crypto per se. Should investors invest in it ?

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