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Always Losing Money on a Cryptocurrency, Use These 4 Luck Techniques

Written By Hanny & Melissa on Wednesday, April 10, 2019 | Wednesday, April 10, 2019

https://www.economicfinancialpoliticalandhealth.com/2019/04/always-losing-money-on-cryptocurrency.html
This year is the most "ugly" year for cryptocurrency players. Traders rarely see green prices lately, and the price of Bitcoin (BTC) is only around a few thousand.

Many people who took part in the ICO last year suffered losses. This year's Bearish market is very long and observers are still not sure the market will be bullrish this year.

The question that is now is how to reduce the loss, to reduce the loss, here are some ways including:

1. Strategy "short the market" / sell

Two years ago, when a company made an Initial Coin Offering (ICO), the price of the coin would go up when it was released on the market because many people who did not have the coin would buy it and that would pump prices. The strategy they use is buy and hodl to get 200% -300% profit.

However, people are afraid to buy coins that came out this year, many people sell these coins when spread on the market. And many people adopt "Get and sell" strategies.

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2 .Holding Fiat money

In a bearish market like this, the best way is to hold fiat money. The strategy in the trading world when the bearish market is not trading.

For example, you have $ 20 dollars to buy 1 Bitcoin, the graph tells you when it is a period of correction (correction period) for the next 3 months.

After 3 months, the price of bitcoin becomes $ 10 dollars. By not trading, you have already made a profit of $ 10 because you can buy 2 Bitcoins. As a smart trader, it's better to buy a cheaper price than the more expensive one.

3. Look for altcoins that are small marketcaps

Smaller market cap is usually a coin-coin that just came out. Usually within a few weeks after being issued, they will enter the new exchange.

You must know the date and time the coin-coin is registered on the exchange. Usually, prices will rise 10-20% from ICO prices. However, not all coins can go up that much, you have to work on 'PR' to find out whether prices are up or not.

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4. Hold Bitcoin rather than Altcoin

Altcoin like Ethereum is good, but the coin is not decentralized, meaning the company can set prices up and down, but bitcoin is the only decentralized coin and it cannot be denied. Whale can make Bitcoin rise and fall, but which investors want their shares to go down.

Instead of holding Altcoin, it's better to save Bitcoin because there is a lot of speculation that Bitcoin will rise to tens of thousands of dollars. So, for those of you who have not determined the attitude regarding the coins to be saved, now is the perfect time.

This is because the price of bitcoin and altcoin is experiencing a tremendous price decline, essentially this is the right time for you to save bitcoin or altcoin now. May be useful...

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