It is not really that easy to break support and resistance levels when the whole market is watching you. Obviously when things are boring and bitcoin has been at $7.2k for 4 months without going over $7.4k or going under $7k and it is incredibly boring and people leave, it is easier to break a resistance and go higher.
However when you have increased over 80% in the past 2 months and you have soooo much volume and liquidity that everyone and their grandma tries to trade bitcoin during this period, things will be harder since people will start to pull from opposite sides of the rope. It means it is "harder" but our path is still looking bull, look at the drop and recover happened yesterday, it was obvious that bitcoin is not ready to go down just yet and will work to keep going higher.
There is now an established new support at $17,600 and I expect that it will be a major support wherein there will be huge demand in that area, the price seems pausing for a little bit but it doesn't mean that a crash will happen. The price is just gaining more power and demand before it able to have a solid momentum. I'm talking about triple digit gain and the price of the bitcoin can achieve it after it finally pierce $20,000. I really do not think that the trend will be now a sideways because the demand is still high and the bullish side is still dominate the market wherein there is still greed. Do not be afraid especially when the emotion in the market is greed because there is a high chance that the price may become more expensive so be prepared in the best scenario that may happen and it is the reason why you should not create a plan to not miss the golden opportunities. |
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I do not like an investment where my ROI will take a lot of years, in terms of investing physical gold I don't like it because the returns are not worth it for me wherein, I can say that I can waste a lot of opportunities in different financial instruments. Gold is considered as safe investment by a lot of investors and it is proven in these past years but there are still risks and for me gold cannot give me huge returns like bitcoin does, I actually manage to make consistent return when I do trading with bitcoins and my win rate in margin trading is good where I keep increasing my capital. I'm just a investor who do not have a high capital so bitcoin is the investment that suitable for me, there are rich people who prefer gold and for me it is really a matter of perspective.
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Seeing Bitcoin nearly at it's ATH, I'm planning to go short but that means I'm gonna end up with way less BTC now.
(....)
Margin trading is still worth it, but you should consider the risk but high reward too. Shorting Bitcoin these days may good idea but you should consider the uptrend of Bitcoin, you may end up getting rekt or stop loss hits. If you have your analysis or reason why you will short Bitcoin, then it's good. Margin trading with Bitcoin still worth. I do not also see opportunity to short with these kind of trending crypto but maybe the OP has strategy on how he will make money through shorting. I'm more likely a momentum trade where I focus on upward trending stocks like what's happening in bitcoin and other alts. I also not used into shorting because it requires great understanding and also experience. I usually go to long position because I'm used to it because I'm also a stock trader where our stock market doesn't have short position. Margin trading is good as long as you can manage the risks. Be prepared in the volatility of the bitcoin especially if you will go against with the trend due to shorting. |
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i think the key is learning before earning
people should have knowledge before they drop their money to any kind of investments, especially in this crypto world that have higher risk than the other investments opportunity
It is indeed important that you should be knowledgeable before you take steps in cryptocurrency because one single mistake can lead to loss of money which we do not want to happen that is why before you invest your money you should study every important information about cryptocurrency and on how to choose a promising project that you want to invest your money in. There are actually things to consider for choosing a particular project to support and you should know it by yourself. Knowledge is the key to success. Knowledge is important but it is not enough, even if we are knowledgeable but we do not know how to use that knowledge then it can considered as waste. If we will invest in our knowledge be sure that we will use in right and proper way because there are some instances where there are investors and traders that are investing in their knowledge but they do not using it so for me what they did is just a waste of time. There are a lot of type of investments here in the market and it requires a lot of knowledge and also skills in order to become profitable. My advise for the others is to invest in their knowledge and do not forget to use, they should also be dependent to their selves and not to the tips or opinions of other persons. |
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The Bitcoin and other crypto currencies are considered as an instrument to support the Growth in Developing economies. They can be very helpful to provide access to financial services to community at large. As they are considered a medium to support growth Process by providing better traceability of funds and help people to escape poverty.
Escape poverty? Only to those people who are fully aware into its existence and that literate on engaging into tech and to know that not all are that knowledgeable when it comes on handling out a computer or even a smartphone this is why this kind of problem in global scale level cant really be just resolved out that easily. I cant deny with Bitcoins capability when it comes to this manner which do really open up an opportunity to those who do tend to learn and invest on it but dont expect for that kind of changes or solution into that extent. Changes are there but wont really be that in the level of solving out global economic problems. Bitcoin is an equalizer in the sense that now anyone that has a connection to the Internet has the potential of reaching a network that is increasing each passing day, however bitcoin in itself is not going to solve any kind of problem when it comes to poverty or any other significant problem, bitcoin provides an opportunity and nothing more, it is up to each person to grab that opportunity and make it theirs and as we know even today there are many people that think bitcoin is a scam denying themselves the opportunity to improve their lives. Bitcoin is not the key to escape the poverty because it is all about thinking right, try to teach people about bitcoin who have poor mindset for sure that they will not give a care because they do not know what it is and they do not give attention to what it is. Observe the people who have good mindsets, they will become interested to what you teach to them. There are a lot of opportunities and I do not know why a lot of people are saying that they do not seeing opportunities wherein they keep ranting and blaming the government. I prefer for those people who are not yet keep seeing opportunities; try to focus on improving your knowledge first and try to change your mindset first because I think it is the problem. Look at the countries who legalized the bitcoin, there are certain people who improved their lives when they changed their mindset and they adopt the bitcoin in their daily lives. |
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I think since bitcoin was born. It has changed many aspects of our life such as trading, technology and it is bringing many changes and opportunities for young people to enter the crypto market. They invest in Bitcoin and bring wealth than other fields are real. but we should understand that not everyone can become rich if he does not have a clear understanding of Bitcoin.
I think the term we should use here is WEALTHY, not rich. Someone can win the lottery and be rich, but someone like that will likely slowly lose its net worth because he does not know how to manage that kind of money. He will most likely buy a mansion and two-three super-expensive cars. Someone who holds Bitcoin long enough is not the kind of man who sells everything for a house because if he was, he would not hold it for higher profits once he has the necessary amount to buy the last series 8 bmw, or ferrari.  A lot of people are having misconception wherein they think that being wealthy and being rich is the same and the truth is they are not the same where they have different ideas to each other. How can you say you are wealthy or rich? You can yourself rich if you have a lot of cash wherein it measures on how much money do you have unlike wealthy it measures about time wherein how many days will you survive. I learn this by reading a lot of financial books. You can be wealthy even if you are not yet rich. I also like to comment wherein a lot of people who are becoming rich because of lottery are suddenly losing all of it because they do not have right financial education. There is statistics that saying that more than 90% of people that are winning in lottery are becoming poor again. There are now a lot of people who became wealthy wherein they protect the money that they gain in the market wherein they build empire and they have passive income. |
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With trading you can increase your money day by day if you get much profit from trading than you wanna invest with small amount take long time for earn profit, better you can get chance with trading and I think you can get profit one day above 10% and use your profit to trade again after your small money become bigger, than after have much profit from trading you can use for investing in long time, just take good decision coin have potential to higher price at the future like eth, bch and ltc, never get risk with new coin listed on uniswap or Y coin where very hit and run right now because could make you loss all your money, there are not specific about how much coin supply and what the feature of coin is not clearly.
You have a chance to do it but not all of the times it will work because we are not intelligent enough to know what will happen to the price in the next hours or days. I prefer to just invest small amount of money first wherein the amount will depends on how you treat your money for example if you see $1k is too big then try to make investment with $300 or below. Trading is not a gambling so you can increase your win rate here and there is also proper diversification wherein you will not use all of your money just to buy a specific coin. I will give example for those who do not get the diversification, for example your first investment is $300, then the ideal diversification is 20% per each which is the $60 wherein every coin should have a maximum allocation of $60. You can learn proper diversification through experience and through researching online. |
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There is possibility but it is currently low especially because the ATH is currently far and the current price of the XMR is just $122. In the daily chart, the XMR is now becoming good but in the weekly chart; XMR is not yet good because it is still in sideways when it comes to weekly chart. I would like to see that the XMR should beat the $150 before I considered it as a healthy movement. I'm expecting that it can reached $500 as long as there are investors that will patronize this coin. I do not have information about its news and updates because I'm not a fundamentalist and I just focusing on charts and price action.
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So, there's someone cooking here. It is good to see that there are certain companies in U.S. have that unique retirement plans like this but the thing is only 10% is the maximum allocation in this plan, I actually one of the haters of retirement plans especially the 401k before because my goal is to achieve financial freedom and not just comfortable life like those people who are seeking job security and applying those kind of plan. Disclaimer that there is no bad thing applying in that kind of traditional retirement plans, my mindset is just different from the others. I do not now why I hate pensions and some retirement plans but one thing is sure it is because of the information that I keep reading in different books. This kind of firms are usually hold millions of dollars and the 10% for sure is huge and it can also affect the movement in the market.
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So, what do you guys do with the gambling money you get when you win the bet.
Nothing fancy, to be honest. I do gamble but I don't want to waste that much money on it so whenever I win I just kept that money in the online casino that I am in so I could use that if I fancy myself some bets. I am not expecting much from my bets since there are times where I am overwhelmed by some win streaks and I end up regretting some decisions I made despite the small amount I am wagering. I think what you lack is managing your expectations where in you are experiencing a greed when you play gambling that leads you to make bad decision; resulting you to lose some of your gains. Whenever I do some gambling, I always have a limit or I can say daily targets for example, today I will play slots and my daily target is to win $100, If I win that money later then I will immediately stop playing and withdraw it even though I still have momentum. I just following my plan for me to manage my expectations and also manage my greed. I place a limit to myself because there are times that becoming too greedy wherein I returning back all of my profits in the casino. |
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It will happen and I actually believing in trading that history repeat itself but not majority of the coins will increase like what happen in the 2017 bull run, The alts season will come and I now currently seeing a lot of opportunities in some of altcoins. Kindly look at the XRP/USD in daily timeframe, its price increased 40% in just one day and it happened yesterday. Big players are now re investing their money in altcoins that make some of them to pump like crazy. I suggest to other traders out there that you should now start to acquire potential altcoins in order to not miss this kind of opportunity because the bull run is coming and we should be prepare if we want to maximize the gains that we can get to it.
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Confidence is a key to become successful investing in altcoins but confidence is not enough and I always telling a lot of traders and investors to choose altcoins carefully because not all of altcoins can help them to earn huge amount of money because there are some altcoins that can lead to them to lose all of their capital. I actually trading altcoins that have potential in the market wherein I evaluate first a certain altcoins before I buy it, do not become part of the majority of the traders who are losing in the market because they are keep listening to the fake gurus in different social media platforms. I actually prefer that you should have a good background enough experience first for you to able to have confidence and also to choose right altcoins that are suitable to your strategies.
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It's funny though that there are rumors that Rondo will be going to the rival LA, the Clippers. But nah, Rondo is intelligent, not to fall for it, speaking of Clippers though, Report: Serge Ibaka agrees to two-year deal with Clippers. While GSW, Source: Warriors apply for $9.3M DPE after Klay's injury.There's no word on when the Warriors will find out of the NBA is granting them the exception, but with free agents coming off the board, the sooner a ruling is handed down, the better for Golden State.
Under the rules of the current Collective Bargaining Agreement, the Warriors can use this exception to sign a player to a one-year contract or acquire a player via trade with one year remaining on his contract. It is just a speculation and there are a lot of factors that should be consider but for me Rondo will not LAL for LAC, the chemistry of their team is already good and you mention that he is intelligent player so for sure he will signed in LAL again. For me the clippers did a good thing and it seems that Serge Ibaka will help the LAC to dominate the league. It is funny where I saw a meme showing Kawhi where he needs to get a lot of superstars just for his team to dominate the next season. The exchange of the players are crazy especially in the team of OKC where their good players are now in different team. I'd like to see Chris Paul and Booker to have a good duo when the seasons starts. |
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Why would you short if the price is so bullish? for sure you will lose money because you are going to against the trend. Do not think that the price is now expensive because if you will use technical analysis you will find out that the price of the bitcoin is still cheap and it is now nearing the ATH. There is a exception and it is by using short term time frames, where you will just trade using margin in just minutes. But if you will do shorting for a long period of time, it is not advisable because like what I said that the bitcoin is currently bullish and anytime soon it can beat the ATH. The good thing in the current price of the bitcoin is it seems that its price pause for the mean time where a small consolidation may happen before it finally break the ATH.
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Current courses are often expensive but are uncertain about the learners' performance. I personally feel about the current courses. Why do not we learn about the market by ourselves, communicate with people about trading? This is the most cost effective way I have ever done. Instead of taking these courses, I think you should diligently discuss trading at Forexfactory.com This is a gathering place for many professional traders as well as having the highest quality members I have ever known. They will often post a picture of the trade and then they will explain why Long or Short, ... I bet we'll have more knowledge than any other course in the world For me, enrolling to a trading courses with proven trading system is the fastest way to learn about trading as long as you have determination and to commit to become a student of the market. There are times that it is really hard to study with ourselves because we will start from a scratch and the learning curve is too long wherein we are experimenting a lot of strategies unlike enrolling to a trading groups that have a proven system which means that they have members that are really profitable in the market and not just photoshopping their snapshots and portfolios. I'd like to see his content and I will visit it later for me to know if there are some golden nuggets in there. |
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Your article is useful for beginners because they can gain idea on what could be the best strategy to maximize their chance to profit. But instead of letting us visit the link, much better to share it here the important parts and tips of your article, less hassle for readers.
Anyways each of us has different decision when it comes to our investment thus sometimes we tend to try every strategy to know what works best. For newbies its better to stick for establish coins because it has less risk. Though its not a guarantee of sure profit but somehow by choosing an establish coins you can avoid those bad projects that are not worth to invest in.
Most beginners do like to risk with altcoins which they do always after with 1000x gains and doesnt really go after with more established ones thats why its always preferable to stick with known coins rather than risking out your funds into those alts with such low cap.Dont hurry on making money because this will surely be the reason for you to lost money instead for you to earn.Greed will be the main reason thats why studying each one of those strategies will be a good habit. Just try and try and find out which do suits out the best for you. That's the biggest problem wherein they are focusing to get rich quickly in trading by finding the next altcoin who will go 100x and above, it became a problem wherein a lot of newbies are losing their first investment because they keep purchasing shitcoins where there are no investors or traders that are participating to buy that kind of coin. Trading is not about being lucky wherein you must buy a low cap alts when it is still cheap and then you will sell it at the top. Trading is all about making consistent gains wherein you should have courage and determination to learn new things by doing some forward testing. I also suggest to avoid not popular coins and only make investment or just trade coins that have reputation in these past years. There is also no guarantee profit in trading and as a new in trading you must be aware that losses are inevitable but you can prevent suffering in huge losses by doing some risk management strategies. |
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Thanks for the share OP. I learned poker and successfully improved my strategy as I progress but I'm not aware of that.  But yes, just to show the probability of numbers about this game. Do you think the professional poker players memorized this? Does this increase the chances of determining the correct hands of the other players?
Even they somehow know the probability to win, the key to win is proper execution. That's why even with good cards, it's not an assurance of an easy win. It is really the execution that can help us to win in poker, I prefer to play poker in real life where it considered as traditional gambling because you are playing physically. The excitement and the feeling is really different for me because I also play poker in different gambling sites where I considered as boring because I do not feel the excitement that I felt playing it physically. When you are playing in real life, you can observe your opponent’s where it can give you an idea on what they are thinking and what cards are they holding. I actually like the thread because this is also the first time for me to see and understand the probability where in you can considered as lucky even though your cards is just a full house because the probability of getting it is just 0.17%  |
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Any trader that failed to learn how to trade in the market will find it difficult to earn well like other traders who learned before trading in the market. With a lot of impact you have received from those who put you through, how to trade and make a good profit without experience any loss like the way others trader who fail to learn experience loss and scammer in the market..
Many think trading is a something you can just jump into and start making income from the trade. Any trader who never bother to learn, will find it difficult to trade well in the place of profit making.
You can think anything, in reality, when you face problems, you start thinking correctly. The more difficult the situation in which you find, the more correctly you will think in order to get out of this situation. The same is true in any area. At first it is difficult for you and you suffer losses, then you gain skill and start earning. A matter of patience and diligence. You would learn thru experience thats why its important for you to make trades and do let yourself learn into those challenges that you are facing. Letting yourself do dragged with the emotion of being scared and uneasy due to losses then this will be a reason for you to be in hindrance. If you do like to sustain into this market then you should learn up things according on what you had experienced. Losses is always there the important thing is that you do lessen it out by any means and make profit. Do you know why a lot of people are keep doing FOMO? it is because of lack of experience wherein they think that they will be missing out if they will not buy without planning or anything that can help them to identify where they should buy and when is the right time to sell the coins that they bought. FOMO is one of the problems why many are not making profit and it can be an obstacle in trading because overcoming it is really hard because there are sets of characteristics that you should have before able to defeat the FOMO like patience and discipline. Patience is really important because it can help us to execute the best strategy in our mind where we can buy at the perfect area where it can give us huge gain whenever the price make swing high. |
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This was a very complete list over all but I would only add one other website which I personally use from time to time https://tools.tradingroom.io/ to the list, this is a free tool that does have RSI and Volume Scanner and also it will give you a glimpse of how is the price action on all important time frames, you will save some time using this tool while trading since you don't have to checkout the charts for every coin/token to see how they're doing as often. That's nice addition as this thread really helps a lot especially for those traders. Having tools like this will let you monitored your trading activities, the list will allow you to lessen your monitoring job. practice and let those tools to find the suited trading style and pattern that you build. It helps to increase your chance not be left behind when there's a good run that happening inside the exchange. Before there are only few tools where you need to avail first before you able to use it but right now, a lot of developers are creating free software, websites and application for traders like us to access and get information that we can get in order for us to become knowledgeable trader and have updates on what is happening in the market. I often using tradingview than those 2 application and website because I often trading in the laptop and in trading view it is all in one where its function are already complete.
I actually one of the fans of trading view because of the features that they have in their trading platform. When I do trading, my charting websites is in trading view and I do not use the chart of the exchange that I'm currently using because for me it is too messy to understand maybe it is because I just became used to chart with the use of trading view tools. I also like the screener there wherein you can easily find a good cryptocurrency that is belong in to your criteria. It is too hassle to view the chart of all the coins so the screener is really so helpful |
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Bounties and airdrops are easier to understand, and they can be the first step in learning about the blockchain industry. With their help, you can earn start-up capital, which in the future can be used for self-development (learning programming languages, etc.). And then you can go to what TS advises us
do not always feel satisfied with what we already know, even though there may not be much explored and need to continue to improve. agreeing with your intention to continue studying bounties and airdrop, of course, will be able to make you understand more and take actions that will be meaningful in the future. keep the spirit of learning and continue to learn. Learning with some proper way of being cautious so that you wont really be wasting up your precious time on dealing with it.Its not really bad to proceed or move forward but why we would continue if this isn't already feasible for us? Its the reality that bounties and airdrops are totally a waste of time but there are people who do still continue into this kind of venture where they do hope that they can still make out some big bugs with this one with less effort. They do try and try until they do succeed but honestly this is just really not that ideal. It is not a waste of time back on 2017 but right now; I can treat it as a waste of time because of their treatment to the bounty hunters and also a lot of project are becoming scam in the end. I participating in airdrops before but I suddenly stopped when its trend come to end where a there are airdrops that are requiring KYC and it is a big yuck for me  because you will risk your identification for just a shitcoins without value in the market. Right now, only 1% of the bounties are becoming successful so that 1% is really hard to find imagine there are hundreds of projects and you do not know how to evaluate and research that all hundreds of projects. I do not suggest bounties anymore but I do suggest trading and you should have determination in order to become a good trader and able to make profit in the market. |
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