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I set mine at $200 back in november as a good trading profit that lead to. We know that bitcoin will need to correct itself at some point. The balance of bitcoin held on major exchanges is on the rise in what some analysts say is a bearish sign. The answer that every beginner in bitcoin should know. This new phase of bitcoin is no longer the easy money day trading cryptocurrency, its time for the longer term.
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You may catch yourself in a situation where you don't have any other option, then selling your bitcoin would be very helpful.
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And if you'd bought at the start of 2017 and somehow managed to time the market perfectly and sold at the record high on december 16—when bitcoin was at $19,343—your return would have been an insane 1,863%. So, to get started, here if you decide to sell your bitcoin, it is best to consult an accountant in your country/state. Meet dca (dollar cost averaging) in bitcoin. The analysis generally follows the same trend, but this time average bitcoin prices are lowest on monday. So many traders buy and sell bitcoins because it is a fun and fast market to trade.
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