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Fear that South Korea would ban Bitcoin and cryptocurrency trading.
#1
The current drop in prices is caused by fear of ban for crypto trading. Why would anybody in the free world ban trading of something that is virtual and doesn't harm anyone? IT makes no sense to me.

https://cryptovest.com/news/crypto-marke...orea-news/
Cardano is the most promising 3 gen. crypto right now.


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#2
They would ban it because it scares the rulers of the planet. I would imagine tax authorities and banks are scared of crypto and calling us all terrorists / gun dealers / drug sellers etc will help convince people that crypto is for the criminals only.
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#3
(2018-01-16, 02:02 PM)BobBobert Wrote: They would ban it because it scares the rulers of the planet.  I would imagine tax authorities and banks are scared of crypto and calling us all terrorists / gun dealers / drug sellers etc will help convince people that crypto is for the criminals only.

That's is exactly the reason, but it can't be stopped now.  Angel
Cardano is the most promising 3 gen. crypto right now.


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#4
Nor S. Korea nor China can make crypto fall. They don't rule the financial world. Yes they can cause a temporarily damage.
It is not because of them cryptos are crashing at this moment. It because of people like you and me. Prices fall because lots are selling.
Who is selling? 50% of the sellers are people lead by emotions. Fear is an emotion.
40% of the sellers are smart people. They know that emotion, fear will lead to a drop in value. So they sell just in time.
So a big part of the world sold their assets. Consequence: more price drop and more people sell.
These 40% smart people have now the chance to buy back + some extra, just before price goes up again.
That's it. For us it is to late to sell, so let's not panic and wait till it corrects back upward. If you have some spare money you should even buy some extras.

The remaining 10% are just regular sellers. People just wanting to cash out some profits are people in need of some cash.
What is this thing that builds our dreams, yet slips away from us?

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#5
I agree with your statement Hugues. I'm sure Cell agrees too. Cell seems to take the profit at regular intervals so regarding Tron he has not lost anything.
Cardano is the most promising 3 gen. crypto right now.


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#6
It is good to take profit but hard as well. I kick myself when I sell some at 20 then a month later they are 40. But then if they were 10 I suppose I should be pleased. I am not really cut out to be a trader!
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#7
To seriously trade (day-trade) you have to spend quite a lot of time reading. It's a fulltime job.
Cardano is the most promising 3 gen. crypto right now.


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#8
My way of doing it is take a profit whenever you can. With this strategy, you don't make tons of money (well, in stock exchange), but you do make money. Now, as I am building a crypto porfolio, here is the strategy I use: each time price is up to 25% or more, I cash out 25% of the total value of that coin at that moment. Since I was in for many coins at their recent bottom (ADA, TRX, BTC, ETH), I took several chunk of them at around 25% up. Then, when it began to go down, I waited and bought when they were raising again, but did not apply my 25% strategy. So, basically, by the magic of the crypto world. I end up with about the same amount of coins I had at the beginning... but with many $K more in my pocket. I am still learning with this crazy crypto world, so I am not sure it is the best strategy.

I am lucky that USD is still strong though... Because all my profit was put in USD, waiting to be change in BTC... well, after that crash, of course!
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#9
(2018-01-17, 08:59 PM)Cell Wrote: My way of doing it is take a profit whenever you can. With this strategy, you don't make tons of money (well, in stock exchange), but you do make money. Now, as I am building a crypto porfolio, here is the strategy I use: each time price is up to 25% or more, I cash out 25% of the total value of that coin at that moment. Since I was in for many coins at their recent bottom (ADA, TRX, BTC, ETH), I took several chunk of them at around 25% up. Then, when it began to go down, I waited and bought when they were raising again, but did not apply my 25% strategy. So, basically, by the magic of the crypto world. I end up with about the same amount of coins I had at the beginning... but with many $K more in my pocket. I am still learning with this crazy crypto world, so I am not sure it is the best strategy.

I am lucky that USD is still strong though... Because all my profit was put in USD, waiting to be change in BTC... well, after that crash, of course!

Cell, it is a very wise strategy. Mine is a bit similar, except that I don't go for 25% up.
I go for 100% and sell 50%.
Except for minex and for C20.
Minex gives me a daily, weekly, monthly or yearly interest and for C20 because it is a portofolio maintained by the system itself.
What is this thing that builds our dreams, yet slips away from us?

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#10
don't you have coins where you see a potential in the long run?
i would hate myself for selling my accumulatex xby and seeing them later around 5 $.

but of course this time i could have made some profit and no bought back in. or not, you never know.

25 or 100 % in which timeframe?
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