An active day trader myself (sort of), I often think about common mistakes people make in trading. And it seems that I have traced back most if not all such mistakes to their root cause. In a nutshell, it all comes down to being unable to back out if something goes wrong. For example, you buy a few bitcoins at a December high and expect the price to continue rising, which is kind of obvious. Instead, the price starts crashing down and you find yourself in a situation that you didn't envisage or consider beforehand. So your best option would be to bring things back where they were as fast as possible even if it means some loss.
It is not so much about placing dumb stop-loss orders or other trading techniques aimed at minimizing losses as about your mental disposition or general attitude to immediately get out of what can be loosely called a decision limbo when you basically don't know what to do. In other words, search for the exit when the entrance is and do that fast.
I'm not sure what you mean by dumb stop-loss orders. Stop losses should be set together with entrance, prior to making any trade. If the trader just makes a random decision on where stop loss is then okay, that is dumb, but basic trading means you make clear headed decisions as to where you want to enter and where you want to exit (not so much when). However, if those exits never arrive, which is unlikely if you are a medium and long term trader, then yes, of course you make decisions to rethink. |
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This month is going to end very soon, Syscoin team said that they will release their masternode v1 at the end of february and it's only less than 10 days, price is still very stable at around 6400 satoshi. Syscoin is now in the top 59 on coinmarketcap, I think there is a big resistance at around 8100 Sat, if we can cross this then we will go to atleast 10 000 sat in my opinion. Do your own research as always.
Actually, I was looking exactly at coins below 8k satoshi ranges (below $1 at today), because I've a strong suspicion that many of these will push to $1.50 and even $2 once the spring bull run is underway. Naturally, Ripple looks always a good buy below $1, and especially because they are moving down as Bitcoin goes towards 12,000... and i was looking at Syscoin as one of those. I would set my buys below 5900, or even wait as low as 5500 for Syscoin, which I think will trigger this week. Then set for half to sell at 8500 in case it doesn't break the 9k barrier. |
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Hello Tim, I have seen you posting around, I think I am beginning to see now who the active forum members are here. I actually have not really given out merit yet, like you I am trying to see who the best Jr members are since I understand the veterans seem to get a good supply. I know my posts are not very high quality because I don't have a good technical understanding but I always feel I try to help people. Anyway, here is one post I am submitting for consideration. Regardless of whether it passes, any comments appreciated! https://bitcointalk.org/index.php?topic=2894932.msg29765976#msg29765976 |
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I sold all BCH as I got it. In my opinion, everybody needs to forget it as a nightmare;) Remeber when it was pumped to 2400 and main exchange closed for a short period till BCH become a 1200) this is like casino, with stolen name) You can make a profit there but it easily will take all your money at one day)
I never had much to begin with, but am glad I sold all of it as soon as I was able to. Too much of a headache to maintain yet another wallet for one, and til today I never found any merchant or place I use that's accepted Bitcoin Cash. Even piratebay, whom I'd have donated it to, doesn't want it... that says a lot for the coin that pretends to be Bitcoin. I'm just glad they got what they want and can leave Bitcoin alone now. Just wish they'd stop confusing people with their propaganda about "real Bitcoin". |
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Someone suggested this strategy a few months bank and I rightly predicted that it wouldn't be worth your time and loss of privacy. I think the point here is that, those who somehow ended up being part of a good airdrop would probably have had to spend a lot of time and effort anyway... would it have been worth it? If you like playing with luck and gambling, sure why not?
I think airdrops are like any crypto project. Invest time in the ones you believe in. If it works out, good for you. And the time period you're looking at is years... not months.
Exact. You are right: And the time period you're looking at is years... not months.
It is time that people here understand this. You merit a merit point. Thank you for that, it was actually my first! I think people have really forgotten how long it took for Bitcoin to get recognized, and even after almost ten years it still has to fight for every inch of recognition and acceptance, even after millions have adopted it for its use of non-trust based peer to peer transactions. Now with people getting rich from quick ICO schemes that haven't even brought any notable change, people seem to demand for quick results. Time. Effort. Crypto is not different from any project that requires love and attention. |
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ETH started well this year, and it seems that it continues to grow, but I do not agree that it will still reach the bitcoin price. He still has a lot of problems, and ICO is not enough to boost it. And I think that ETH will have a good competition this year: NEO, Waves, ADA, DRGN, ICX.
It started well end of last year and was such a good margin offering for those who entered only a year ago. I finally got into ETH around $800 properly, I sold a little above $1k and am happy with where it is now. That is has managed to stay at levels near 1000 is good to see, but I wish it would really stay out of the 10% range of Bitcoin for me to take it even more seriously. Eth 2.0 hasn't really fixed the problems, although that remains to be seen when full implementations roll out. Add Stratis to that list of competition! |
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I believe it's going to be bigger than its last All Time Highs. More exposure to more people FOMOing into the crypto world and tadaaa. We got another set of weak hands but at least more money will be poured into the market.
I have been waiting for this new money to come in, but I think it all came to a screeching halt with the January and February slippery slopes, I bet all these new entrants held off, felt relieved when Bitcoin lost so much value... but they'll all be licking their lips and feeling regret to see Bitcoin back above 10k. It's still far too soon to think crypto will reach new ATHs this year. It first has to see one big event, which is Bitcoin reaching, breaking and maintaining above 15k for at least a month. And then that's when crypto will ready itself for a charge. |
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To all individual initial coin offering investors: I decided to do a detailed research on most ICO's (past, ongoing, and upcoming) and determine which of them have a high chance to reach long-term sustainability. Additionally, as most of us know, we're mostly interested in vastly accumulating profit, thus, I decided to list all of the ICO's which have a lot of potential and provide a high ROI. Enjoy and feel free to add other projects. 1. Telegram ICO - Adroitly positioned in providing a platform that combines various properties. TON aims to deliver a fast, scalable blockchain with support for decentralized applications, distributed file storage, and micro-payments. As we've seen it in Marketing - people buy the brand. Therefore, this giant proves to me one of the most anticipated ICOs for this years thanks to its competitive advantage and added value, along with its international renown of the company behind. 2. The Bee Token - even though it ended, this project gather market cap of $5 million ahead of schedule. The project focused on a decentralized marketplace where hosts make additional income, guests find unique accommodations and mediators resolve disputes quickly and easily. In other words, the bee token was a real estate sharing platform, based on the sharing economy philosophy, which proved to me among the giants. 3. Friendz ICO - Friendz is a tool that lets multinational companies involve a community of users on social networks for marketing purposes. Users get rewarded for creating contents for brands and sharing these contents on their personal social network profile. Friendz has an already working product, €1.2m in revenues, 200 clients, and an enormous potential - the very first digital marketing coin. 4. AgroTechFarm - ATF farm is a Russian-based company and is a fully automated indoor appliance for cannabis and other vegetables cultivation at home. It is the first ICO of Home appliances for cannabis growing. The tokens are backed by tangible industrial assets of the enterprise and strive to conquer three of the fastest growing markets - cannabis, organic food and blockchain. Solid team, well-written whitepaper. The pre-e just begun so now it's the time to hop aboard the hype train. 5. KODAK - the internationally preeminent company, KODAK, failed to grasp an opportunity before in terms of digital camera. Therefore, the giant decided to seize the Cryptocurrency opportunity and to reincarnate from the ashes, stronger than ever. According to the information available, the coin allows photographers to take part in a new economy for photography, to receive payment for licensing their work immediately upon sale, and to sell their work on a secure blockchain platform. The hype around it is huge and the white paper is neatly written. BTC Feel free to share your thoughts! BTCI'm inclined to think that long-term prospects lie not much in technology now. All the big ideas have already been launched and we should see this year and next year all those hundreds of millions being put to use as these projects build on the ideas that they supposedly raised funds for. That makes 2017 the year of ICOs actually, 2018 are just copycats. But your list does contain KODAK and Telegram, who have a really good userbase. Their ICOs will not be to develop new ideas but to expand on existing products and platforms so yes. If I HAD any money, I'd probably look at Telegram. |
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Prefer with option A but with more separate price increase from 0.1 0.2 0.4 0.8 or something. And can we remove the refferal bonus ? Its somehow representative that coin not that good until he need do some bonus to make more people invest
Thanks for the point about referral bonus!!...you are right, but let me explain what is the project (this is my mistake i should write it in the beginning - already fixed). The project is a unique p2p cryptocurrency-fiat and swap exchange platform with MPV being published before ICO. So, by implementing referral mechanics, we wish to reach both goals: 1) increase awareness about the platform that is crucial for it the success 2) attract as more small investors as possible because it helps to avoid future pump and dump. And the last...referral bonuses are very small just 3% of 7mln (option A). This is perfect suggestions "0.1 0.2 0.4 0.8 or something" we will do in that way..thanks! Don't make this mistake of thinking referral bonus will help you making it even better spread and reach wide distributions. In fact, I would say any form of inflated rewards (especially referrals) will get you the numbers or quantity, but nothing about quality. Just look at the alt sections for examples. Referrals are just prone to abuse, and even if they are real in the end, you realise these are just people looking for a quick buck, going to offload as soon as they can. Check out the transactions of airdrops and referrals. They will all end up in the same address. 3% is not small at all. |
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Over the holiday break I did approximately 80 airdrops.
I went out and checked each one that I completed over the last few days and the results were pathetic. Almost every single one was a scam and is worth 0. The few that stuck around had "speed" swaps where you had limited time to swap and even those are worth next to nothing.
Seems as though trading may be a more profitable way about making money in the crypto world. Did I hit a bad stretch there? Anyone having airdrop success in late 2017 - early 2018?
Someone suggested this strategy a few months bank and I rightly predicted that it wouldn't be worth your time and loss of privacy. I think the point here is that, those who somehow ended up being part of a good airdrop would probably have had to spend a lot of time and effort anyway... would it have been worth it? If you like playing with luck and gambling, sure why not? I think airdrops are like any crypto project. Invest time in the ones you believe in. If it works out, good for you. And the time period you're looking at is years... not months. |
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I found most of the ICO, it is difficult for us to contact the ICO team directly, and most of the ICO project is not open source, it makes me very worry, because it appears that most of the ICO project is just for the sake of money, they don't have any innovation.
Most? All of the ICOs are for the sake of money. Don't ever forget that. And ALL of the people who invest in ICOs are also in it for the money. Don't ever forget that. Everyone can pretend other things, but money is the prime and only motivator for ICOs. People who say otherwise are lying. IF people really didn't care about money, all they'd do is work on non-ICO projects, and contribute and build on them. ICOs by definition means money and everyone connected to it is interested only in this. That's the plain, simple truth. |
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Risk always comes with profit, you missed the opportunity to invest in Verge when it is cheap but regret when it rises. Because you need a lot of knowledge to enter the market, an ETH can become 10 ETH in the future if you have the knowledge you need. If you are afraid you can keep an ETH for long term. Of course ETH will grow strongly. You can invest in the Socifi project as this is a good project at the moment
Verge is on another pump right now. I totally forgot to change my sell order when I bought it 3 weeks ago and it triggered last night at 730 satoshis (I last checked and it is 830). It will definitely correct again when the dumping begins thanks to McAfee and co, so I would look to buy it again at 600. It is really looking like one of those pump and dump projects to be honest, so milk it while it lasts, otherwise I would actually just hold on to 1 ETH and be patient. |
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did they really make 700 million in the ICO?
I mean why do they need 700 million ??
The golden question that everyone fails to answer. I stopped following EOS a long time ago when they were clearly taken to answer for their laziness in coding (basically they just took an old framework and updates it to say EOS). And yes, they ran a daily ICO that was meant to last one year. It should still be running now but I can't be bothered to check. Does any ICO justify seeking millions? Very few. Do they need to? Apparently not. EOS wasn't worth $1 million it certainly isn't worth hundreds of millions. But people invested anyway. |
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Ah, thanks for the update, I had a small withdrawal just waiting for processing, wasn't too worried about it at all so didn't bother checking back but "good" to see that issue isn't just for me. Lay off the support, it'll just delay everything else for everyone else. Keep calm and go to sleep, this should work out over the next days. Guess everyone's trying to take advantage of the recovering market and trading elsewhere?
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It doesn't matter anymore what people say about cloud mining, the rookies flowing into this market by large numbers don't take any advice to heart. For that reason I don't even understand why these rookies keep asking others for 'advice' since they do what they want anyway. Let people waste their time and money on cloud mining, they will have to see for themselves how bad of an investment it really is. As long as they don't know that, they won't realize how messed up and scam infested cloud mining really is. Go ahead and invest your money in hashflare, try to mine Bitcoin. Good luck!  Actually, what you said just made sense to me right now. I think we should just let people go into cloud mining, and hopefully we see a lot of new entrants go that way and eventually when they all lose money, let them go after these cloud mining scams themselves. Ruin their reputations quicker and maybe even get some people doing serious lawsuits. If these businesses can be exposed once and for all, perhaps by some big banker thinking to invest and getting burnt, then they'll simply disappear and stop becoming mainstream. Maybe you have a point after all. |
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Looks like CSNO tokens are just about on its way to recovery from the lows every crypto were suffering from after riding the high of almost 50 cents during the last profit distributions. I missed the extremely bargain looking price of last week but if anyone's thinking of getting their share, it's probably got to be during February. 2 months after this, everyone will be looking to buy tokens for next quarter's profits plus 2.0 should have some showing by then.
Just hoping EDelta's offers get a bit lower. Current offers are a bit way over the price at HitBTC.
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I have nothing to say about that. in any industry right now they accept bitcoin as a payment some are not into it but i will see that it will risen its price by the next few years.
Who would not think of it. A lot of people do not want other people to know that they are in this kind of stuffs especially girls since it is normal for guys to be in this industry. If this continues, I think it will also affect the price causing it to pump again. We don't need to take it negatively. Yeah, guys. Grow up. In some parts of the world, what people do on this forum are worse than porn. Charging interest on loans? Big no no for some people and some religions. Peddling off writing work to others and selling it onwards? That's frowned upon by "real writers". The message I'm getting at is, Bitcoin is the tool, people are free to use it the way they use money. And if it is all about consenting adults, power to them. Don't forget we had dark markets and dice sites to thank for Bitcoin getting famous and used, not McDonalds. |
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Is it a good invest?
In my opinion an interesting, promising coin. A good and flexible platform, excellent support from the developers. In general, a coin for a long time, but so far many have forgotten about it and it is on the same level. So there is an opportunity to bribe coins and wait for its development in the future, but there are risks that it may not come. Sorry, what? Bribe coins? Anyway, yeah minor Stratis holder here. I see it in the same view as Waves. Holding as much as I can, whenever I can. I'm not worried about their price performances. Just looking at and using their platforms tell you a lot about their potential. Developers are amazing, not toxic, and very keen on focusing on development rather than marketing. Patience is key with platform coins like STRT. I'm very confident of a strong showing by 2019, even if I don't have much. |
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Yes, without caring to name them, the ones I recall were all part of my journey into Proof of Stake coins. I heard about them in 2016, along with Bitcoin but it was only in 2017 that I tried to download some of the wallets and try staking myself. To be fair, only one or two have "died" in the sense that the wallet just stopped working with so many forks happening and the devs unable to fix it. I didn't lose very much since I bought them cheap. Lesson learnt: PoS isn't worth the time of the average guy like me.
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Im considering these coins : SONM , SNT , XBY , SHIFT.
which coins do you guys think can never buy again this cheap next year ? Share your opinions thanks !
I'll go for the top coins in the market like Kucoin Shares, my favorite exchange, Waves, they will implement a smart contract this year and of course ethereum, they are going to reach their full potential this year and eventually reach $5000. Yeah, I don't think we'll be seeing those cheap prices (fiat or Bitcoin wise) so soon again. I thought we'd see Bitcoin bob a bit around 10k before settling below 9k again but it's approaching the weekend, American markets are waking up and Asia is right in the middle of celebrations with Lunar New Year, so looks like these levels should maintain into Monday next week. For me, just hoping Waves recovers and stays afloat above $10, because right now it's just looking so lifeless. At a good price still, and i'm in no hurry, but if it shoots up to $10, there's every chance it can go for new ATH when Bitcoin is priming to do the same. |
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