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1101  Economy / Trading Discussion / Re: Best time to buy or wait a little bit ? on: June 19, 2022, 06:15:15 PM
seems bottom reached


At what point exactly  Huh Yesterday, price dropped below $19k and now nobody can predict exactly when bull will return.

BUT i will keep 50% in cash in case bitcoin goes down further .


Yes this is a good strategy, like using martingale sort of. Hodling your coins in USDT is also advised incase of drop because if in bitcoin the drop will affect your value to purchase.



Im planning to buy btc price around: 19500$ at the time of writting .

Its DONE !


You probably would have been in profit if you bought yesterday. I guess it may be a thought you came up yesterday after price recovery below $19k. You would have put a pending order to trigger even when you are not there.
1102  Economy / Trading Discussion / Re: Which timeframe do you use for day trading? on: June 19, 2022, 02:51:23 PM
lesser the timeframe then higher the sensitive so you add more risk into it

This lesser time is suitable for scalpers. It is really the kind of timeframe that they use, maximum 15 minutes or 30 minutes and they are off the market at that particular order. It is not a risky time as far the scalper have seen the sign to hit the button. Usually if you are not a scalper, it will be a risky venture to use that lower time frame.
1103  Economy / Trading Discussion / Re: Do real traders care about bear & bull market? on: June 18, 2022, 09:54:53 PM
Trading is a two way thing so at a point the market will be selling at another point it will buy maybe for short time depending on the trend and so now is bear and if you are able to catch a sell then you can ride it all through, this is the aspect that a trader can make very good profit. The difference between the trends is that at a point, the market will sell for a long time and at another time it will buy short which is the correction of a bear time. For traders you can make profit even in bear season.
1104  Economy / Economics / Re: Crashes are The Best Times to Get Rich - Robert Kiyosaki on: June 18, 2022, 06:06:52 PM

I also have the same thing, of course I don't want to make mistakes when the market is like today.

Being too careful not to make mistake is the reason that the rich are always rich and the poor keep going down. Today bear is tomorrow's bull therefore buying now can be a better time than hodling. Accumulation of coins isn't about waiting for buttom because it can't be determined by anyone. Although it may go down more but it is a time to stock coins for the bull season.
1105  Economy / Trading Discussion / Re: crippling losses on: June 18, 2022, 02:48:00 PM
How can crippling losses be avoided?

Stop-Loss.

Its extremely handy to save us from huge loss and almost all the exchanges have such feature so you can decide the limit which your asset don't want to go beyond that can be set so the trade will be executed once it reaches that value.


Cripple loses question depend on whether you mean trading that is on going or you mean if you have been making losses consistently. I want to go on answering you with ongoing trade first. If your trading is gradually in lost, then exit the trade and have your peace.

Another point if you are making consistent or crippling loses you need to study your strategy and reduce your risk taking. This reinforces the use of stop loss because if you are using the stop loss technique, you won't have to encounter that losses that will gradually and consistently eat up your investment.
1106  Economy / Trading Discussion / Re: What tends to happen at "The Bottom" to cause the reversal? on: June 18, 2022, 02:15:20 PM
Most people believe that the market will continue to fall until we reach a bottom and see capitulation.

Bottom ? Where do you think is the bottom?
The discussion of bottom is taking over in this bear and nobody knows for sure where is bottom.


The market, as I understand it, will then reverse and begin to rise again. So, what exactly happens to cause the reversal?

Nothing is new with bitcoin. Reversal will definitely start somewhere but not certain where. However, I look at a higher time frame spike to see how the reversal could start but that may be a correction either. The next month candle should be a signal if there will be a correction or reversal.
1107  Economy / Trading Discussion / Re: Enter the market with a loss mindset~what you can afford to lose on: June 18, 2022, 01:14:27 PM
Some times it is our mistake that puts us into losses and the mistake is simply greed. We wait to get all the profit at same time while market has done its highest but we keep hodling it waiting for more bear but when it start to drop , panic begin to happen and regret. I think that setting our mind onto the profit point we want should be our top height.
If the purpose of buying bitcoin is for long term investment then I think buying at any price is fine "it looks not greedy".

Everyone wants a huge return on investment and so no one will want to buy intentionally when they know that price is going high. High in the sense that it is already ATH and they jump in. This is not possible but because nobody knows the exact point of trend, they jump in when price is high hoping to continue riding the bull but surprisedly they are buying the sliding knife. This situation happened in 2017 when investors bought the high of $20,000 and also this current high . It is better to wait for at least a slight correction and not to be greedy to jump in while the bull is currently on.
1108  Economy / Speculation / Re: The next big coin is incoming on: June 17, 2022, 07:14:12 PM
The bears are closing off soon and every light will be turned again with green all over. We just need a little more time for this to pass. We never forget this season all the time but it goes away someday.
1109  Economy / Trading Discussion / Re: Enter the market with a loss mindset~what you can afford to lose on: June 17, 2022, 04:01:53 PM
Because no one knows for sure, which price is the bottom and which is the top?
 


It is true that nobody knows the bottom or the top; this is why it is being preached that everyone (either a newbie or pro) should always take profits everytime in crypto currency. Thast way you don't have to worry about the bottom price or the top price

Some times it is our mistake that puts us into losses and the mistake is simply greed. We wait to get all the profit at same time while market has done its highest but we keep hodling it waiting for more bear but when it start to drop , panic begin to happen and regret. I think that setting our mind onto the profit point we want should be our top height.
1110  Economy / Speculation / Re: Trying to identify the bottom.. on: June 16, 2022, 04:26:52 PM
Hopefully yesterday was the lowest record we've ever experienced, I don't want to see bitcoin price drop below $20k, there will be a lot of panic from users and make prices continue to fall, today the market is green again and up more than 3%, hopefully it continues to rise and the bottom price for now is $20400.

The market only experienced a little bounce today but it is back down there gradually making for down below $20k. This is a bear market and alot of panic is pushing the price further down.  No certainty in the market now everyone is careful not to make regrettable mistake. Hodling is considered alot profitable incase there is a spontaneous recovery.
1111  Economy / Speculation / Re: Bitcoin Bottom is Actually In on: June 16, 2022, 01:58:13 PM
You may be right for the buttom ending or closing of it all for hodlers to have another fresh air and opening of bullish thread. But it may not come to end just on a spot. The RSI and stochastic oscillator are basically indicators that show overbought areas and oversold but not reversal. Using reversal indicators are more accurate for a time frame watch especially like longer time frame , daily , weekly or monthly. Therefore to wait for the monthly time and using support and resistance calculation is more important in this bear time. Sometimes market can be overbought or oversold but it keeps eating down prices and stop loss like it is has been happening around $32/30k price area down up to now at $21k.
1112  Economy / Trading Discussion / Re: Bottom For Bitcoin? on: June 16, 2022, 12:50:12 PM
Well no prediction is accurate and trying to find buttom isn't what should be the concern because we are never going to be certain about that all we do is predict from what chart we have. For the moment we are sure the trend is still down and I believe this month is going to close before a contrary prediction will be seen. I can say maybe we can see more bear to $12,705 but this is just for my personal consumption not an expert advise , trade or hodl consciously.
1113  Other / Politics & Society / Re: Who will be Russia's next market target?? on: June 15, 2022, 03:21:08 PM
I think the front line countries that Russia is looking at for business are the Asian countries. Countries like China is having huge support for Russia. They are already in business with Russia and buying up crude products at least 20% of it. India is also one of the new found friends with Russia. The India crude demand is also high taking the population into account. I think the EU partial ban on Russian crude won't really have much effect.
1114  Economy / Trading Discussion / Re: Cryptocurrency Huge Down from ATHs. what will happen the next ? on: June 15, 2022, 02:24:58 PM

This is a bad luck for them.  Those who did not sell their holding coins at high prices. Looking at the condition of the market, it seems that there will be no market recovery this year.  It will take a long time for the market to recover. Which will create a bad experience for the holders.

Even if there happens not to be a recovery this year, it should come as surprise because that the expectation for bear season is always at remembrance after halving. It happened during the time of 2017 in December and that lasted to 2020. This time will not be a surprise if hodlers don't believe that institutional investors would change the history but we are not seeing the new thing but same as it has happened.


Quote
Which will create a bad experience for the holders.

Maybe for new hodlers but not old hands.
1115  Economy / Trading Discussion / Re: Dubai: FIVE Hotels Unveils Support for Bitcoin and Ether Payments on: June 14, 2022, 05:32:52 PM
UAE is showing more light to the countries of Asia and Dubai making the visitors coming into their hotel having a choice of payment is another plus to bitcoin adoption. I think it will be a greater success when payment for flight bookings into and out of Dubai is done through bitcoin because Dubai is surely one of the most tourist cities of the world.
1116  Economy / Trading Discussion / Re: A season for stop loss on: June 14, 2022, 12:33:26 PM
To avoid been caught up and trapped  by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all

This is really good advise for traders to avoid trapping and regret. If you don't use stop loss you may lose more than expected and at the end you can exhaust all finance in the particular trade because the market is really unpredictable and volatile. Once not taken a good decision at a spot, the volatility will not give you time for that. Therefore I think stop loss is very important to every trade entered.
1117  Economy / Trading Discussion / Re: [GUIDE] Williams %R Indicator on: June 14, 2022, 10:46:42 AM
Just an observation to the indicator. I hope it has timeframe to work with especially lower timeframe to suit the day traders and scalpers too because if there are no timeframe, it will be difficult to trade rightly. Having that said I think it is nice seeing the chart reading and analysis from the indicator.
1118  Economy / Gambling discussion / Re: Do You Think Its One Too Many on: June 12, 2022, 07:50:21 PM
This forum is not friendly with casino scamming because it deals with trust for people playing with their money hoping to win and be rewarded appropriately. If this agreement is not maintained, it is usually going with a red tag on the account until if it is shown cleared. This red tag is to indicate to orders the accusation on the casino for them to do more research. So an accusation on a casino will work against it for long until the doubt is cleared off.
1119  Economy / Trading Discussion / Re: Is Forex trades is a part of Crypto Trade? on: June 12, 2022, 05:25:10 PM
Normally they both share certain similarities but I'd mention one. They both have to do with trading currencies. Forex trading deals on trading one fiat currency for another hoping that it rises in value, same way crypto trading deals on buying and selling of digital currencies but this time in crypto currencies only which could later be converted to get profit.So one could say that they're similar but different 

In many ways than one they are similar. In purpose, strategy like FA and TA, indicators etc they are same but the difference are that the government is involved in forex trading because it is the fiat currency of different countries but cryptocurrency is not regulated and not monitored. The platform for cryptocurrency is usually exchanges and they can manipulate your coins. In terms of forex, they are registered brokers that are known in different countries based on the one you choose mostly they operate with the banks directly as they pay your profit direct to your bank account but cryptocurrency, you have to receive your profit in cryptocurrency.
1120  Other / Off-topic / Re: What the ... is wrong with Google ? on: June 12, 2022, 03:44:20 PM
I checked my browser searching google and everything is working fine. You can check your browser if you need an update on it or something with your phone going wrong. You can also do a check on your network or network provider maybe you can see something wrong. Google is most reliable and you have to verify from more users before spitting on Google. How many people within you have you run check on ? I advise you do a survey of confirmation first to see the fault not from you before you come on air for that.
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