Bitcoin Forum

How do you select what you invest your precious satoshi's in?

Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?

Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.

How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?

For me I could a big pure luck and depth charts which seek and try to see the changes of signal. Also it does not meant that I got to pick pure luck because I do not know my own signals. One should really know so that is why I pick a depth chart as well.

Here is the tip looking and seeing/analysing what you need is a big must like the chart correction that is happening every day and week. Buy means of analysing and looking is to see the changes and the flow.

Nice - if you use depth charts have you seen these guys: https://discord.gg/BN9P2tk (https://discord.gg/BN9P2tk)

I think they're useful for depth chart analysis. What do you use?

Picking in my own tracks are not easy,therefore i need a research and monitored the market caps of which coins now more profitable  and more pump in the market in terms of trading,thats why i needs the opinion of some investor,and the situation of  market so thats i can avoid more loosing ,and i protecting  my choosing coins  agains dump,by analyzing the statistic data chart  of the market before making a trading decision.

Agree - it's not easy to get on yourself without good experience in the markets. I was totally new to the space this year but have been growing in confidence over the year.

So do you follow signals? Free ones or paid ones?

I always choose the coin I see ok and I decide to hold them for a long time, so I will wait for the opportunity to wait for the good price will come to us.

I guess what I was hoping to gain from this post is your thought patterning? What makes you see that a coin is "ok"? Or what a "good price" is to wait for?

do not be interested in any signal or pump group. you are killing your character. a trader is required to make the right decisions and analyze various effects that affect the price of coins. your experience will grow and let it go by itself.

Your second line teases me a lot. I will never spend my precious satoshi's over services like that. None of them will work for you also so better to stay away from them. Currently there is huge network of scam people who keep spreading the word about telegram signals, paid signals and much more which are not that good in giving you the predictions about crypto trades.
I will rely on the information that is my now, which I have research myself. This is important because that way I can understand the market closely and with my own understanding.
May be thats the best way to go with it, and gain some skills as well as make excellent trading.

Depth charts are not that informative because they wont give you information regarding the future trades. All they represent is the data that is getting fed live to it. Meaning, spending upon the current trade situation and buy and sell walls that are being created, it will give you data set which can be sued to plot those depth charts. So they are just representative of current data and not helpful for the upcoming trades. If you really wish to make any upcoming predictions then I would suggest you to stay updated with the fundamental news and they can tell you the story in detail as most of the crypto currencies are dependent upon their moves.

I never believed on the signals for investing or making trading decision because I know we are not going to be benefit from the signals and then the technical analysis is also factors we need to look but the fundamental analysis is much important in the successive trades based on luck as well because we are investing st speculative thing with the hop of price will increase in the future.

Initially, I used to follow the signals channels but I learned the hard way that they are not the one to go for. Now I try to do my own TA and mostly I act on the regular volatility of the coins which I have studied and believe in them.

Same thing with me and all these years they have always been scamming the others and nothing else. Literally had some accusations against two to three group owner over the telegram who were claiming the paid services for the trading signals. When I went into the group then I realised within one day that the group was nothing but shit of scammers everywhere who were talking the gibberish stuff over there.

Then admin used to enter and send some singling data and would talk about some shit coins with no volume at all. Its better to avoid such groups and stay on the track with the proper research of your own.

I only use my own technical and sentimental analysis.

Common Support / Resistance Levels + stochastic RSI + Bollinger Bands or Fibonacci retracements.

I only trade coins & tokens with a high marketcap (top50) and solid history (no overhyped projects).

I'm not rich yet but it's a solid performance so far ;-)

i'm always looking at the coinmarketcap to see if there's a new coin with a low number of supply with low price but good exchanges because new coins have up and down price which is good for short trade.

When I was starting in the Trading world, I used to read a lot of TA made by other people, and since I had a lot of free time, I used to make my own TA by following market movements and analysing trends in the cryptosphere. I tried paid signal, but it was a waste of time and money.

I used to trade with the popular coins, it made things easier and less risky. I did make some profits, but I also suffered some major losses (rookie mistakes here and there), so it's hard to say if I was succesful during my Trading days.

When I am trading, I don't follow pump signal groups on telegram. I purely use indicators and TA. I find a coin which I see is bottomed using indicators like Stoch RSI and BOLL and then will try to trade on it and get a 1-2% profit. This is what I'm doing everyday.

Im doing bounties so I am aware of those new ICO that is coming up and those old coins with low market cap. I'm investing on ICO when they are more likely not to steal money, like when the team is pretty decent and with active linkedin accounts, with good project that really promotes blockchain usage, when they could do the things their platform could do like UBEX because they got me with their terrific marketing strat and it proves that they could do it, also on what blockchain they are using and lastly when the community could use and would support it.

For low cap coins, I do the research first then basic TA to enter, I would love to see sideways for like 4months or so to prove that they are still circulating and having the resistance before I go in.

Back in the days, I used to follow and subscribe to a lot of accounts/free channel to get some trading pick inspiration. Those tips often contradict each other but I fully understood that TA is just a prediction tool based on history. I understand some basic things about TA, so I know which pick is more likely to happen.

What I haven't good at is money and risk management. I often feel tempted to go all in or use very high leverage. This behavior has been proved to be costly for me. Several times I got margin-called due to not setting a stop loss and being too confident with my position.

Nailed it

these indicators are hell a useful also with me

Every single trade should have a plan

A good entry point using Common support, assisted by 3 mention indicators

and an exit point for resistance levels

lastly placed your Risk management, your ever friend stop loss

So I hear a lot of people talking about TA. What makes TA (i.e. analysis of past patterns) predictive of the future? Is it just circular? People use TA to predict a rise, so they buy and it therefore rises? Then use TA to predict a fall then sell, and it falls?

Well i find signals to actually be helpful. Not for my trades directly but to have awareness on other coins' movements. Usually i just check the history of a coin and really spend time on it. It gives me an idea if it can be profitable in the long run or not.

Well, I go to the coinmarketcap, I look at the currency, I see its volume and exchange where they are negotiating the currency, then I search your ANN Thread of bitcointalk to know if there is any good news or bad news about the project and its development and if the project has real-life use. then i go to twitter and reddit to know more about the project. done that if I realize it's worth it, then I buy the coin and i hold. I do not believe in these groups of signal and often Technical Analysis has proved useless. It's better for people to do research, learn what they can, and decide for themselves, than to rely on these signal or pump and dump groups


How many people have you seen using TA and got it right in the price prediction?

As far as I am concerned, I wish to divide my assets in 2 categories, long term investment and daily trading, for long term investments you need to chose a potential coin which has low value, for daily trading you should be strong in either of analysis, technical, fundamental and sentimental. Paid services are nothing but wastage of money.

I take a look at bittrex, I check every coin in the red price and if I can see the coins with good movements, I will analyze deeply and see if I have a good chance to trade with that coins or not. and if I don't have any chance, then I will move to the other coins and sometimes, I take a look with the green price too because I will have a big chance to trade and make a profit. but if somehow, I think my feeling says that I need to watch the market only, then I don't trade at all because I force to trade, it will make me get stuck in the high price.

I think it all depends on the popularity of a strong and fundamental altcoin of the altcoin. When we get a very altcoin fit we can buy and sell them with the advantages of targeted

Buying and holding for long-term is my ways of making money from cryptocurrencies market.  I don't too waste my time by analyzing the market using technical or fundamental analysis but I do buy low and sell high to make money.  However,  this year 2018 has not been too good.

I use a percentage of my monthly non-precious fiat salary and buy only the precious Bitcoin.


Buy the dip. That's the only signal you need to remember.


I am confident I will be after a few months after the next halving on 2020. 8)

I subscribe to annual signals and they give successful results by 80-90%, they are given by experienced traders and analysts, I use 10% of my capital

Considering the SMA 20 is the best approach to choose a deal. The MFI indicator should be used to verify all new peaks and troughs.

I prefer to trade with the long-term, if we use trading with the short-term we will definitely lose a lot, using long-term investments in 3 months will definitely get a lot of profit

Everything you say is part of the way I trade, but I always carry out advanced research to ascertain whether the coins I choose can have good potential for the future or not.

You only pick your trades with appropriate technical analysis and fundamental analysis together
 You would be a profitable trader for trading if only you understand the technics.

The simplest method is riding the trend

I can't think of anything simpler that wouldn't be pure luck. Bitcoin as well as other cryptocurrencies has been in a downtrend since the beginning of the year, and if you followed the trend (not forgetting to put stop-losses along the way), you would have earned handsome profits. And it doesn't really matter where the trend goes. If it goes south, you sell coins (probably on margin), if it goes north, you buy them. In between you can go for day trading by exploiting daily or weekly volatility (within your stop-losses range)

There is definitely a lot of positives to be said about riding trends. That can definitely work. Thanks for your input.

You don't have to understand every single technical detail of each currency. However, you should read a lot about a currency that you want to invest in and make a very informed decision. Since there are still a lot of unknowns when it comes to the use cases of cryptocurrencies, it is very important to really understand every cryptocurrency you invest in. What problems does the cryptocurrency solve? Is this something that has real-world value? Also consider the development team and who is running the show. Do they have a long-term vision for the currency? By asking these simple questions, you will start to uncover which currencies may be valuable in the future and which ones will crash and burn. If a currency is available on big exchanges that many people have access to, then it has much more potential to increase in value. The easier a currency is to buy, the more likely it will benefit from hype or favorable news.

Personally, I don't follow any signals or any crypto expert's trading or buying signal. Because experts have a lot of money, if his prediction goes wrong then he will be okay, but i will be finished! That's why I always follow myself and I am happy with it. Everyone should make own trading style. By following someone you can't grow well.

In my opinion is better to built  trading plan by self , by this way we will know what the mistake and we can learn more from that mistake. To be expert trader is should be learn from the previous mistake, and no need to follow signal others trader. Risk management is the most important thing in crypto trading, because without that we can loss big money. With high fluctuacion of crypto make possible to loss money up to 90%. When buy is always wait patient to get bottom price and use stop loss in every trade.

Yes, that's why the best "strategy" is to buy the dip because Bitcoin's long term trend is up.


No, pure luck is putting some Bitcoins in a slot machine and pulling the lever. But I agree that there might be some luck needed.


Another strategy is to zoom out then buy and hodl. 8)

https://pbs.twimg.com/media/Dgc_RzZV4AE4GIe?format=jpg

In trading, this is most likely I'm doing to do. Picking my trade through the depth chart and wait sometimes when the market raised again.
I did not pick those coins that not in the top the market cap, I don't waste my time that shit coins that I know from the pump and dump people. Trading signal, paid signal or whatever it is I don't believe that because most likely they are delayed in broadcasting their signal that may lose your fund in trading.

Personally I am not a TA expert but my little knowledge about them helps to make certain trade decisions, I use a combination of Relative Strength index, Bollinger band, Moving average and convergence and Divergence to trade, of course not lescin the basic candle stick, sometimes instinct does help. The fact is that not all coins obey the TA so I ensure I enter at a very low support level while having a stop loss as control

Lol. I guess the thing you should be more concerned about right now is the fact that even if you want to follow some experts, the best way to go about it is to be knowledgeable enough to be able to make decisions on your own. Picking a trade requires knowing certain things, when it comes to the currency, when you should be getting in, when you should be getting out and when you should be stopping loss.

All these things are stuffs that require knowledge and great deal of information, so no matter how much you follow an expert, you will always get screwed because even an expert will tell you TA are not always 100% accurate but what they know how to do best that you is to have a plan, know when they should be exiting the market and that is what is classified as risk management.

My friend told me who already do trades for a year that if i wanted to invest to an altcoin, it must be in top 50 on coinmarketcap. That altcoin must have low circulating supplies because the demand will be great in the future. What I found effectively in trading is that you have to be patient and only invest when the market is on a blood bath. It is very effective because it secures a profit when a greener market returns.

Tradingview offers the option to add alerts to certain price ranges or ranges in indicators. This is pretty much what allows professional traders to have a life on the side when trading, no need to look at charts all day and wait for prices to enter your buy/sell-zones. Just add alert to it and be ready to rock n' roll when it goes of.

Or it can crash further as it happened with Bitcoin on its way down from the 2017 December highs. There was no end to bloodbath around $13000-15000 when the price first rebounded to almost $17000 (though it was no more than a regular dead cat's bounce). Then another stop was at $12000. Actually, there were two stops at that level at different times, the first one ending with a rebound and the second one with further crash, which landed us below $7000. And blood ran in torrents back then. Regarding low circulating supply, it doesn't guarantee anything

42Coin was expected to have only 42 coins (which should have given it value), but it still ended like a typical shitcoin

in trading it has many ways, and I prefer to learn about chart movements in trading, because it is very profitable for me to feel.

i usually go to coinmarketcap and check those coins with good trading volumes.  among these coins i pick some with good price differences among different exchanges.  then i buy on the cheaper exchange and sell on the expensive exchange.  do this a couple of times daily and you will earn during normal trading days.

Own TA all the way. Why should I ever want to follow someone when I can certainly do it all by myself and there is absolutely nothing as good as you being able to do it yourself. Luck is not something you should be looking forward to in trading, except maybe you are hoping for some huge gains, but usually you should be more focused on the aspect of trying to use your strategy to take advantage of the market volatility as the case may be which is something I expect any sensible person to always take into consideration.

In depth knowledge of how to trade is certainly the most important thing when it comes to trading. Without that, you are going to be short of strategy to trade the market effectively, rely so much on luck and then in that form you would just be gambling and that can terribly or will terribly lead bad in the long run. Analysis is important and that is how you are able to plan your trade. If you fail to plan, then absolutely, you plan to fail. As simple as that!

Mostly I pick my trades based on the news that is coming for a particular coins, if i notice that a coin have a up date coming in a few weeks to come, I will be the first to invest, so i normally stay connected with coins through their news channels, I spend some hours on daily basis going through their new and update release.

Using signal channels can help you about the possibility of which innovation will be. Because there are more than 10k of digital money and you can follow only 10-15 of them. You can find other solutions, but consensus is the best choice.

Technical analysis might not work well in a manipulated market, so for me aside from doing TA, I also do my trade based on the news and what other people says because sometimes news is more accurate but never depend on that alone since it can also be a fake news.

I only do trades on USDT-BTC pair and with the help of bot triggered with technical analysis running on tradingview.

Yes, everyone certainly knows the best way that works for them and buy and hold strategy is obviously not a bad idea as long as you are comfortable at the price you are buying low, have enough patience and time to always wait for the market to develop before making any selling attempt and vice versa.

A lot of people really would not have so much time trying to analyze the market as they really would not know how, but at least as an investor, and sticking with some principles and policies of buying when everyone is fearful and selling when everyone is getting greedy, I am sure you would not miss it.

About every single trade having a plan, which is really very true and important note for anyone who really wants to trade. Planning involves where you intend to buy into the market, when you intend to take profit and when you intend to stop loss at any particular point in time, which obviously would require knowledge for anyone who really wants to trade.

This knowledge is something a lot of people who want to trade do not have and without the knowledge, they obviously cannot have a strategy or a plan. When a trader is approaching without proper plan and strategy then they will eventually end up in messing up all the things. When not capable of forming a strategy, it would be much better to stay away from the markets.

I usually start my trades looking at the biggest losers of the day, they often present better options to hop into a trade when coin/token is oversold and approaching support. No reason to hop into pumping coins mid-pump when there's better R:R-setups floating around.

Regarding having an informed decision, that is very necessary. Decisions are some things you will get to have to make for yourself in this space a lot, which could be trading, investment decisions and many more and there is no way you can make those decisions without knowledge and information surrounding the decisions you want to make.

This is not only something that even has to do with cryptocurrency as it cuts across any investment or decisions. The more informed you are about certain things, the better the decisions you make.

Plan and strategy, without it you cannot be a good trader. A lot of traders nowadays tend to think after learning; they can just start doing different things to make things work out for them.

But, it should be understood that, you need to practice and make sure you are able to build confidence around your strategy, stick to it, and see how far it goes for you. Nothing as good as having a plan before even entering a position and that is the edge professionals will always have over quacks.

After picking the coins and have it in our balance, we still need to be patient for a while and still to watch the price so we can find a good time to determine when we should sell the coin. I am sure that this can be done with practice in every day so we can find a good strategy to cover our trade and we can make a profit later. I agree that making a plan and strategy will give us a chance to make a profit although it is not guaranteed for us to make it in every day at least, we have a chance to get the profit.

besides that we must learn to analyze market, by looking at prospects of a market, our waiting will not be in vain. moreover supported by stable psychology, of course, will have more chances of winning

Of course the first thing I did was to analyze the market and see the news to be able to get information about the progress of the increase or decrease in the market that occurred. and in my opinion a large volume is great for trading

my way is buy went the chart go down . then hold and watch. if it go up i will sell and go out the market