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The news kills the cryptocurrency industry. Over the past week, coins have crashed because of the regulations that China has been putting on the industry. The price of Bitcoin is all about acceptance and liquidity. People need to be able to use it in a real world scenario. Technical analysis is able to prove that this dip is not completely unexpected. Bitcoin has done nothing but go up and the "crash" that we are experiencing is completely normal. When I go and look on Facebook, I see so many posts that claim that this is the end of Bitcoin. I want to make it clear that this drop is completely normal. In this video, I show exactly what you need to be doing to protect your gains.
The market is currently down about 30% from the all-time high of Bitcoin. Most people forget that 30% drops have happened multiple times in the past. About 3 months ago Bitcoin dropped 30% and then went on to read it's all-time high. The cryptocurrency market is volatile and investors need to understand that drops are going to occur. As an investor, you need to focus on your strategy and stick too it. If you are a trader, you should be out of the market currently. You should be waiting for the next low point so that you can get some cheap Bitcoin. I would continue to wait because the low support line is about $2800. If you are holding Bitcoin for the long term, turn off your computer and wait. The price will bounce back and you will be happy again in a month or so.
what are you talking about? , the chinese going to buy when they see this cheap price? NO they has been dumping their coin because gov shutting down left and right their exchange, they don't wanted their $ sending out without oversee. bitcoin at $1.8K and china pumped this coin up to 5k. without people's china , this thing going to drop back to >2200. eventually it will go up and will not be the same anymore.
we have to remember the end game. Crypto is the future. I listened to some guy-forgot his name- he said it took 400 years for paper to replace gold, it took further 50 years for credit to be implemented with paper, It will take another 15 or so years for crypto to replace paper. The world has changed. Money needs to be faster and immediate. Cryto is the way, Im buying more XRP, btc, tenx, omg and qtum. great op. I reckon the chinese govt and officials have orchestrated this fall and waiting for the opportunity to buy in. Bitcoin and crypto is probably the only asset that may get them out of their debt crisis.
NO, this guy doesn't do his homework, bitcoin will big impact because China Gov , There is big exchange (BTCC) in china closing down in two week, the bitcoin sold cheap at $ 2882 /bitcoin , go look at market in BTCC , he an idiot he shouldn't talk about any coins, he has no clude .
Magnr is a handy cross-platform trading site connected to a few big Bitcoin exchanges. Accounts never require any personal data or identitiy proof. So signup is quick and possible with anonymous data.
Leverage is available at Kraken up to 5x for several cryptocurrency pairs, including bitcoin. The fees are depending on the volume of the margin account.
Bitcoin can be traded on GDAX up to 5x leverage. The margin trading option must be manually turned on the account in order to make sure the users understands and reads the associated risks.
Margin trading is basically borrowing funds to purchase an asset, this allows you to buy more bitcoins that you would normally be able to do normally in the hope of making bigger profits on the price movements.
Advantages of Margin Trading.
The biggest benefit of margin trading is that you can take advantage of the additional funds when the market moves in the direction you expected. The overall profit of the positions once the bitcoins are soled and the loan is repaid is significantly higher compared to an ordinary trade execution.
Disadvantages of Margin Trading.
The disadvantage of margin trading is by nature the amount of risk a margin account can hold. The higher amount of leverage you take the bigger amount of money you can loose in case the market moves in an unfavorable way. Due to the margin call, the margin account must be funded countinuesly that involves significant amount of liquidity. It is only advisable to trade on marking if you have enough experience already on the market. To mitigate the associated risk, many trading platforms only offers limited amount of leverage trading opportunites.