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RE: The Problem With Trading Bitcoin: My Experience

in #bitcoin7 years ago

Unless you are an experienced trader, or extremely lucky you will lose money trading (and may even lose if you are experienced and lucky). Even sites like bitconnect that offer returns of 1% per day are denominated in dollars, so you are losing out if bitcoin increases by >10% as it did today. The best course of action in my view is to research whatever you want to but, if it looks good,buy it and hold.

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Thanks and I agree with your view point. Best to hold but also have an exit strategy.