Bitcoin Forum

Hi there
I wonder which sources do you use in order to make a trading decision? and why?

if it's a slack/telegram group it will be great if you will share the name/link to it.

It depends on alot of things.

• News: partnerships of a certain cryptocurrency with a company/organization, legalization, etc. Both bad and good news
• Hype: How much hype that certain cryptocurrency is getting on Reddit, Facebook, and other social media
• Current price: you can somewhat predict a price to a certain extent using it's current charts

These are personally just for short or semi-short term trades. As for news sources, Go join reddit.com/r/cryptocurrency for cryptocurrency news and updates. best of luck.

The source I am currently using is very easy... any long-term chart.
All you need to see is the price exponential rise.
This should be a good indicator what you must do. ;)

The news play the key role here and It doesn't necessary mean that you get them from third party sites or slack/Telegram groups. You simply need to follow that specific project you are interested in on their Medium blog, how to know the project in the first place? everything is pretty much listed on TokenMarket and the most important thing is to not listen to people who are trying to spread FUD, the worst thing you could do is trade based on fear.

You don't need any of them. Speculations and news is enough to create your own analyzation that will help you decide on what decision you will do; if to buy or to sold. Plus reading here in some of the bitcointalk threads is a good source. That's not the main recipes but you can consider those to create a good menu.

Still if you want some advices, try to consult your community first if there is an active group about that whether on social medias or any other platforms. Others also uses "WebBot" although I don't have an idea how to accessed it as Im not really a fan of those.

I rely solely on intuition. No Analytics and graphs cannot give a true picture of the behavior of bitcoin. It seems to me that people cannot rely on the opinion of any experts. In order to do trading on the stock exchange business you need to be a professional.

When it comes to trading, the source of information for decision making is a key thing and I am always careful in doing that. In my own case when it becomes expedient to buy any coin, I just do for the low value ones that are currently valued at few satoshis that have no option than to increase in value then I sell and most times I follow my instinct in doing so.

You are using the right source for the trading, but what if exponential price fall? I mean it is not always that price is rising, the graph is fluctuating in a day and there is little ups and down, which probably not affect the price but it will make difficulty in making decision in trading. How you overcome this situation, kindly guide us all about your suggestion.

1. Fundamentals , foundation, whitepaper and debeloper of the coin. These elements greatly affects the price
2. News. Latest devt, roadmap, media hype, this also affect the proce of the coin
3. TA - of course the TA do some research, a lot of resources in the www. Chart manifest d behaviour of the coin, but not all d time :)

To be honest, I just don't know enough about it.My friends are usually use  Teamspeak,it is particularly valuable for day traders, who will benefit from the constant discussion on market changes as they happen live.
additionally, the bitcointalk Wall Observer thread may be particularly useful for day traders.there are interesting discussions and charts can help you making a  good trading decision.

since last year i have enrolling private group which is they're provide the informations for next pumped or next dumped for bitcoin or altcoin although only 70% correct predictions from them but they're also one of my main source to makes decission from my trading actitivies 

mostly charts because that is all i have ever needed and they give you more information that anything else can.
and then there is news and hype that is in the community. for most altcoins that is almost key in their pump.

it is a terrible idea. they are never good, they just will fool you into buying something that they have already over bought so that they can dump on you and get rid of their bags.

Well in my own i am just depending in my own speculation and i am using tools like https://bitcoinwisdom.com/
Also about the news and here in forum i was always checking post of the other people posted in speculation section where some other people are posting if the price of will increase more or crash soon..
Right now as you can seen bitcoin cash is increasing and i think other bitcoin holders are switching so there is possibility that the price of bitcoin can be decrease soon..

I use the source of information for trading using this website and very helpful to me
https://coinmarketcap.com/

Firstly , I open coinmarketcap to see its rank, market cap, price etc... After that i open up the exchange to see its trading volume.
Then i look at its chart on tradingview.com and look at the moving averages (not all the coins are listed on this website). If there is a good dip or if there is a good chance of increase in price then i prefer to buy if not i wait for the right time to buy. I set the target to sell it at a good profit and keep the sell order as soon as i buy it. Sometimes the price goes up and sometimes the price goes down. It always happens in trading.

I only use my experience and technical knowledge as my source. When I win will be great but when loss I can't blame anyone, that's my rules. This is the second years I got out from any trading group and only build communication with a few people that I trust. We share something without push someone to become their follower. I suggest you try to filter from all your friends and make a good communication with them. It worth and will make result for your trading. Have a nice day.

Sources I use are social media sites like facebook and twitter and of course I read news most of the time about bitcoin and other cryptocurrencies. Most of the time if there are good news about these coins it would usually result to sudden increase of their coins too.

I mainly use reddit and twitter for news sources, coinmarketcap for statistics and coinigy/tradingview for charts and TA. But I'm rather new to this area so I'm still learning.

I do my own research before putting anything in any coin, following other's advice or any telegram/chat group is just waste of time and money.
I keep my eyes on all crypto related news and if found something interesting that can affect market, I will go deeper into it and trade accordingly.

I use to follow telegram group and always ending up losing and being trapped so from then I start to look for some good reason I check the ann page and see if there's some update regarding to a certain coin then checks if there's already an speculation thread about rumors when the coin will be pumped up I will see to it that I will try buying in its dip then wait till the price will go up again.

Traders here are always relying on the graph because it gives a lot of information of your coins currency, I dont usually follow the hype and investing into it. I always hold longer depends on when my coins price will rise up again. My main source on where i usually research is twitter and facebook i follow some of those startup companies here and look at the actual chart to check if the price is right.

I bet most newbies would rather look elsewhere than some charts, because many of them are of the view that technical analysis is more of a forex and stocks thing and no place for it in crypto-trading. Most senior members however do realize that outside of fundamental news, speculation is the other major force that has been driving the price of Bitcoin and other coins and there is no better way to feel the pulse of the market than through an in-depth insight of technical analysis.

I followed people comments on https://reddit.com/ r/bitcoin to know the mind of traders and gather my fundermental analysis information. Then I do used https://poloniex.com to get technical information as this is the most visited trading sites with rubus trading information such as charting and candlesticks analysis. From there I will follow my mind to decided ether to place a trade or not and it has not fail me.

Sources? I mostly use my instincts in making decisions, no slack nor telegram group, rarely check the charts as well. I'm focusing on the exchange and the movement of market. If I want to know the latest happening with the coin, I will check the ANN thread here. That's all.

Hearing news from those groups is one of the tools but its not really necessary since you can able to execute a good trade with just a simple tool without relying too much on those informations. My trading ways is just seeing on the chart and making some technical analysis and somehow there are times my guts and intuition do help me on making decisions and luckily my winning trade ratio is more than on my loss which means it does work for sometime.

I am using cryptoping,
You have to filter it.

The main source: CHART, I am reading chart

If you are new but still know about all these, this means you have good knowledge of crypto market and I can see you will perform better than many other old investors who lack knowledge. It is good to use all these famous sources to back up your decisions with logics rather than mere guesses and emotions.

I've tried one of those telegraph pump groups once before and yeah i was able to earn from them to be honest. Though i usually just check now the charts and only invest in trusted proven coins. Profit isn't that big like when you gamble on a new coin but its less riskier

By making the actual trade in the platform, this would depend on the coin you had, if the coins you hold has a group chat it can be one of the  source, But I don't trust on slack because there other people sending a link inside which once you open it if your not careful you will be hack.

I do not consider my self as a professional trader, and trading decision comes from:
First, reading the charts. I dont buy even they hype the coin if the chart tells that the coin is about to go down.
Next, crowdsourcing information, I usually get some advice from crypto analyst on Twitter and Steemit.

twitter and bitcointalk for news and turtle for buy and sell signals http://www.turtlebc.com/?ref=AtQe63Cw