I believe there is much possibility for the growth of binance coin. The cryptocurrency has actually done very well within the past few years but there is no assurance that it will reach 3,000 Dollars in 2030.
For now as we can see the price of every cryptocurrency are down. Sometimes events like this is what leads to the drawback of some of these cryptocurrency from reaching their targeted price as predicted.
No crypto-currency goes parallel upwards forever. What I have observed about cryptocurrency is that the prices are always in cycles. Bitcoin was trading at 60000 dollars last year and today it is about 20,000 dollars. If it gets to $60,000 again a lot of people will rejoice. that is why only the smart investors make money.
Well , the only way you can be making money in cryptocurrency is just to withdraw money when you are comfortable because keeping it and believing that it will continue a constant uptrend may not be possible just like you said , example is exactly what is happening currently. Thanks
when you want to invest in cryptocurrency you must have a realizable target. That is why it is recommended you have knowledge of technical and fundamental analysis because they will help you know when to take profit.
Even with technical and fundamental analysis , it will be very difficult for you to completely predict when the market will soon be bearish. I know it could help to some extent but not 100%.
Yeah, I know that the crypto-currency market is sometimes unpredictable but acquiring technical and fundamental analysis is very important for you to make some profit.
In terms of making profits in the crypto market definitely you will need a technical and fundamental analysis to make money. I believe technical analysis is what so many people are using in greater percentage.
Technical analysis is very good and important in the crypto market especially for day traders. Swing traders can also use technical analysis to their advantage. Fundamental analysis is also very important.
yes technical analysis is very good but they made a news that bitcoin will be 100K in 2022 but its already going down and down. i am sure its not a good idea to follow them so just trust your luck.
that is actually not technical analysis or fundamental analysis. That is simply market sentiments. Market sentiments can also drive the market but most of the time it is wrong.
In cryptocurrency I wouldn't want to be a swing trader because the chance of losing your money is very high. Most especially now that all cryptocurrency has dropped by almost 90%.
In cryptocurrencyeveryone have their choices. Some people make more money as day traders and some people make more money as swing traders. It depends on the one you like.
In any case this is even the right time for people to analyse the market and engage in swing trade. The market has dropped but there is no possibility that it may likely drop much further. It will be bad if people were engaging in swing trade when the price of bitcoins was at its peak.
Probably, I think now is the right time for people to start analysing their favourite cryptocurrencies to start investing up for long-term purposes. This is exactly what I'm doing at the moment.
