It appears we have survived the China ban. If you live in China, you cannot use exchanges to trade crypto. Then the bank dude calling bitcoin a fraud, which sent the price on decline the day he made the comment. People were ready to run with their tail between their legs. Bitcoin dropped from a healthy 4500 down to 2950 for a short period of time. I had to buy some at that price, and quickly made a nice little profit, since its now around 3800. This is crypto trading at its finest. An unpredictable daily trading market that is hard to master the art of the trade. You can guess, which can be bad, you can always have a good guess, but then again it can fall on the wrong foot as well.
These coins change price by the seconds. I usually check by the hour, but periodically check the prices of coins in my possession. I am having fun by taking minimal risk. I am making risks though, just in a smart way that I studied up on before trading. Taking your time is important, you don’t want to jump into buying a coin, unless you know if the price is right. You never want to buy a coin that is at a higher price than usual. The chances of you making money goes down if the coin is already hiked up in price.
So if you’re a new trader, and are scared to even continue with all this crazy China ban, and JP Morgan dude opening his mouth, don’t be. The market is already picking up its steam again, and it will continue to grow, as well as be the future of online buying. This is the perfect time to invest some cash and try it out. Look for another bitcoin price dip here soon….it would be a great time to buy some, since it will go back up. 500 to 1000 would be a double up. If it gets to 3000 or lower, Buy,buy, buy. I’ll say bye bye bye