if we want to learn technical analysis, I think there are many references that can be studied. at first we have to understand support and resistance, because in that area we can usually use it to make money. but what is difficult is to set targets and stop losses that are mixed with emotion. and afterwards by doing practice we will automatically have experience, and that can be used to find our identity in trading according to our own style.
The OP wants to learn the "steps" which means we should start at the beginning but I think support and resistance are among the intermediate lessons already. We should not rush when it comes to learning how to trade because trading is not like investing which is only simple. Support and resistance are important in trading together with the others. They are essential to help us earn a profit in trading. Anyone can set a target. It's only easy to do but it's hard to stick to it especially if our target is kinda unrealistic so it would be better to lower it first and accomplish them before we move on to the next level. Emotion is one of our enemies in trading so we must learn to control it or avoid it as much as possible. |
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I really feel like Sri Lanka was feeling insulted to be playing in this qualifier. They must have thought that they should have qualified by default. I think they are expressing their anger and also having a good preparation for the World Cup throughout this qualifier tournament.
Yeah, chances for that is certain. In my opinion, Sri Lanka is the most superior team in this all event with their mostly young players are giving their best even they still need time for having improvement against top teams, but things are looking impressive, and they are playing aggressive cricket in this event which is helping them for having results like this currently their batsmen and bowlers are dominating in this event and having their mark with their performance specially Wanindu Hasaranga which is having 16 wickets in just three matches and Dimuth Karunaratne which is also having very good time in batting as well. Oman is having mostly adopted players and their start was also good but now suddenly they are on losing side with still they are in super sixes which is good and surely disappointment for the teams like Ireland and UAE which was good before this event. |
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Anyway, it looks like BCCI's recent bravado with selection and ignoring Ranji's top performers is making quite a noise. Everyone from Media, Former cricketers and even former selectors are unhappy with current developments.
They are focusing way too much on the IPL for international format selections which implies that they haven't learnt from their previous mistakes. That's the point everyone raising. Tbh it does look bad for Ranji players and it won't send a good message to domestic players. They are simply saying that it doesn't matter if you perform in Domestic or not as IPL is the main criteria for the selection process. Btw heard that Sarfaraz is neglected because of his fitness, which is a very old problem and i agree with that as he was told many times to get fit even Kohli told him to get in shape when he was in RCB. They also mentioned his off-field behavior which is not clear to me. I agreed about this even he is one of the best batsman from new generation and have impressive record in Ranji Trophy, but now he is fighting for the spot into Indian national team where he needs to have something special his on-field and off-field behavior which got many times reported, and his fitness issue is also not good for a national team right now, and we already have all reports about this all as well because I was reading about him, they are not ignored him just because of fitness his behavior is also main problem as well. Here dropping just Pujara is not good because I am feeling they need to bring few more youngsters for this tour as this is good chance for them to have better practice in West Indies with this all if they dropped Rahane or Kohli this also justified but no one can talk about this all as now we have final call from selectors. |
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being high ranked doesn't mean it will be high ranked forever. there are some cases that seemed to show that these high ranked coin just doesn't have the capability to climb back up again because
it was quite literally being abandoned by anyone who wanna invests.
people just prefer investing in newer coins that still have relatively low market capitalisation that just have better potential with disregarding all these formerly high rank coin so couldn't really determine the upcoming
altcoin season based on these high ranked coin, after all there's always change of position.
There are many old top coins that has shared the same fate as this. They can't succeed on climbing back into the ranks again because of the reason that new projects are better and has the modern solution to problems. Basically new coins revised and improve the old coins and the old coins can't catch up with the development of their competitor. Though there are old top altcoins that are still strong till today and competitors can't beat them knowing that they have a full support of their own community. I think that's mainly because they die, the development on them dies and that's the issue. This is the eternal discussion with crypto currencies, the new ones have an owner, literally someone at the top, and makes all the money and we are paying them to create this token, which is automatically a scam to me, I do not see any other way, however those are the ones that keep on developing and getting better these days, look at top 20 and how many of them have a creator, nearly half of them has it. Whereas old ones have no creator, so more decentralized, and not a scam, and legit, but because there is nobody developing it further, it takes years before we could see something changing and that seems to be the problem with them and unfortunately a serious issue. |
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I'd prefer it that way. I respect those who think they are making profits out of buying signals, it might be doing good for them. But I know a lot more people that are scammed this way.
So why not just learn it instead of asking what to do next? You save some money and maybe a headache. Leaning on something or someone else will not do us any good in the long run. What if they are suddenly gone? What weapon do we have afterward?
It's not like we are losing every day in trading, we fall then we learn. The experience will always be new. That's my point of view on how to do things when I realized that crypto trading is not something that is idle. It will keep on moving, upgrading, and changing, so we just have to adapt to it.
Having someone telling you what to do next is not adapting, it's called relying. There will be a point in our life where we cannot rely on anyone anymore.
I agree, people who are learning something all by themselves is a better thing and should be considered a big deal, I personally would love that to happen as well as hoped for and should be considered a good job. I know people are not approaching this subject like it would make sense, but that is the reality and if we want it to make sense then we need to make sure that we are at a good level and can do as well as hoped for without relying on anyone. I think it would be very important considering how it is not that easy to make that much profit. Realize that you need to learn yourself, and not rely on anyone is the number one thing anyone should do, that's the trick of it, everyone would do a lot better that way, and should be considering it a lot easier to handle. |
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Well, a very optimistic prediction of yours. With or without that ETF that's being filed by Blackrock, Bitcoin is expected to surpass it's previous ATH maybe next year or 2 years from now.
Anyway, it seems like the ETF filing of Blackrock really pushed the price of Bitcoin to around $30,000 currently. TBH, I don't know the impact of having a Bitcoin ETF towards the crypto market because we haven't seen any ETF filed that has become successful in the past years, so I'd be excited to see what will be the after effects of this ETF "IF" it will not get rejected, but at the same time, cautious as well. I might hold some Bitcoins for short to mid term because most see this ETF filing as a positive news thus, price of Bitcoin is increasing.
It seems like the $30,000 is now the support.
I am not entirely sure if it was Blackrock that made it push this far, sure it looks like we are talking about a good thing here but not all good things have a good result in the crypto world. Sometimes it does well and sometimes it doesn't do all that well. I think this one was one of the good ones that did well and I personally believe that blackrock doesn't have anything to do with the increase, sure it must have some small help here and there but the main reason was that people were done going down and it was much harder to go down, it required a lot more bitcoins to be sold, so we basically found our bottom and then it started to increase and go higher because of that. It's a good thing, we needed this increase for sure. |
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I like to stick to one strategy as long as it's working for me. The market is changing and evolving every day. So in order to compete with that, we do need multiple strategies. Even if you like it or not. And after sometimes, all the available strategies could become useless. That is why it is always the best idea to come up with our own strategy. We can adjust here and there in order to fine tune it based on market condition. It has worked for me before, and I am still doing it. Helps a lot and also pushes your skills to generate more knowledge. Following existing patterns and trading strategy already available on the internet is not recommended because many are already using it and others have already created better versions of that. So yes, I choose multiple trading strategies. It gives me freedom and more control over my decision making.
I agree, changing markets require changing strategies and that's an important thing, most people try to avoid that and they make a mistake but that's the way it goes, it should be remembered that markets are volatile so a single strategy can't be good for all kinds of changing situations, we will have a different result all the time. I prefer that it would be a good thing if we could end up with a good result, and that's not going to be enough, we need to just be ready for anything at all times. I have close to 12 different strategies by now, and I am not using all of them all the time, some gets used more frequently and some very rarely, but I feel like I pin pointed each of them to a strict situation and some of them work very well. |
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demo account is only for learning trading methods. Trading on a demo account does not involve our emotions because here we have no fear of profit or loss. Unless our emotions are involved in our trading we cannot gain experience. Our experience will start when we start trading with real account and realize profit or loss. Then our trading will include our emotions. One who has not made a mistake, who has not suffered a loss, can never experience completeness. Therefore, there is a big difference between trading with a demo account and trading with a real account. A demo account is a good learning forum for newbies only.
Emotions part is just way too much overblown. I get that you do not have emotions when you are trading on demo, but if you are having way too much emotions when trading for real, that's the part you should be working on as well. I am not saying that real money and demo account should have the same emotions, but it shouldn't really be "that" different neither, not as much as people claim to me. Many people on this topic made it sound like when trading demo account there are zero emotions, and when trading for real everyone is dying from stress and near heart attack levels. Maybe it is not about the demo being easy, but maybe it is about people not being sure about this part, that does feel a bit different for sure, it is definitely an issue. |
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The drama that's happening right now is just one of the dramas that will happen this year, and TBH, I've seen similar events like that a few years ago. It wasn't Binance that's involved, but I've seen some events where it caused negative impact towards the crypto market for days to weeks.
You know what's one thing that's always happening? The effect of the dramas that's happening on crypto will only last for weeks, and a few weeks after that, it's back to normal again. When FTX got hacked, some already opted out with crypto, sold their coins. While some sold, we saw it as an opportunity, and a few weeks after that, Bitcoin and crypto is back on track again, and rose up after what happened. It's almost the same with what's happening with Binance right now. A few days, we've seen crypto was down, but after that, it goes up again like we are seeing right now.
Reconsidering my strategy? Nahhh I don't need to do that. I'm just focus on Dollar Cost Averaging. Dollar Cost Average on both buying, and selling. That's my strategy. Why stress yourself in creating a new strategy if you can use a safe, and a good one. Unless you want to be rich in a quick way then I guess DCA will not be a good strategy.
I agree, these things happen all the time and we are so used to it that people should be used to it by now but some of them do not. I agree that DCA is the best thing to do and we should be basically just letting it be as it is and keep on doing DCA until we are in profit. Too many people approach it differently and I believe that as long as they keep being afraid of the investments, I think they are going to keep having hard time. The best way to approach this subject is to trust bitcoin, if you keep on trusting bitcoin then you are going to do fine. I believe that the future will be great and we will make as much money as possible with this method, it should be easy because all we do is just buy and hold, until we profit, doesn't require much to do that. |
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In my opinion, Cardano is one of the cryptocurrencies that offer attractive advantages. Not only is the price relatively cheap, Cardano also offers solutions to problems that hinder the adoption of blockchain technology through three elements, namely scalability, interoperability and sustainability. In addition, Cardano also uses technology that guarantees more security and ease of transaction processing. Even though it hasn't beaten the market capitalization of Bitcoin and Ethereum, Cardano can be used as a promising investment to make a profit.
I think the problem is that even though it looks like it has so many advantages, it is not going to be that easy to make a profit from it because they are acting as a company and not a coin. When you act as a company that causes trouble, what if the company hires bunch of people who are not good at what they do? That's going to be a trouble and it is going to end up with a trouble even worse later on. I think it would be smarter to just get smaller, sure I know they laid off a lot of people but I do not mean that, I mean like have only 10-15 people working at most, and that should be the only thing they do, just keep it alive, have slow development process, and you could end up doing a lot better because the costs would be lower and you would not be bothering the coin too much. |
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ETH is also one of my favorite Altcoins and still holds it today. The price of ETH still seems good enough to buy at the moment and hold for the long term. When Bitcoin reaches ATH then ETH will also follow suit. The top altcoins that must be purchased at this time and can certainly generate a lot of profit if they are able to survive for the long term.
Not much different from Bitcoin because this method is of course for the long term, not for making profits in a short time Buying when the market price trend is declining is highly recommended for several types of potential crypto, one of which is Ethereum because this Altcoin is always ranked second after Bitcoin, the most important thing is that it can be used as a long-term investment which of course can provide many benefits in the future I agree with ETH, it is something so profitable that if you buy it, and nowadays you can even stake it as well, then after the halving when bitcoin starts to go up then ETH will start to go up as well, on top of that we are going to face with the fact that ETH will have another increase after that too called alt season, so it is going to be pretty high. I believe at least 10k+ will be achieved during next bull run, we shouldn't really be shocked about it. I know people are reaching to a point where it is going to be a bit tough, but it is not going to be "that" tough, it is going to be fine and we should keep holding it as much as possible. ETH is one of the better ones and it keeps being a good one for a long time, it should always be there. |
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I think this will happen soon and the government should support this in fact Banning cryptocurrencies by a country can have a significant impact. First, banning cryptocurrencies can limit citizens' access to emerging financial technology innovations. This can hinder economic development and innovation in the financial sector. Banning cryptocurrencies could encourage crypto-related economic activity to move into areas that are friendlier to this technology. This has the potential to result in lost investment and innovation opportunities in countries where it is prohibited, as well as lost potential revenue from the crypto industry.
I agree that making it as legal and regulated as possible definitely will benefit a nation and it should be considered a good deal, doesn't mean that it will have any type of benefit right away, but the possibility of that benefit is all that is needed. When you remove the possibility it's even worse, it's not going to be decent and we shouldn't be doing it, I personally believe that the best thing to do is let the people of a nation have that chance, if they take that chance then it's great, if they do not take that chance at least they were given an option. But, if a government just straight up bans it, then we are not going to have anything that makes sense at all, it's going to end up with a poor form overall and will result with citizens not having an option. |
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I would say it depends on your financial conditions. If you have enough money to buy a property without taking a loan, why spend money on renting a property? Or, It's still better if you take a loan and buy a property. But, if you must take a 100% loan to buy a property, I won't suggest buying one. You have to pay the loan for a long time.
Meanwhile, many things can be changed. Buying a property is a one-time investment, and you are making a secure place for your kids. You don't know how much your kids will make and whether they can buy a property. If you are about kids' future, You may want to buy a property even with a 100% loan.
Why? Because if you can use that money for something else then you could be richer. Imagine this, you have 120k that you can spend on buying a house, or you could use it to buy bitcoin and then rent. During a full year, you spend 10k on rent, that leaves 110k behind, but you invested into bitcoin, even today ,we are almost at x2 which means that even at the least you would have 200k+ dollars, even after paying rent. So you started with 120k, rented for a year, and paid it all upfront starting first of January, and rest you put into bitcoin. We are at June now, you still have 6 more months of rent free (because it was paid upfront for a whole year) house, and you already have 200k+, you can now go buy a bigger house if you want, or keep doing this. Pay another 10k, or even 20k for 1-2 more years, and hold it, if it goes x5 higher, which is not that insane, it's somewhere like 140-150k per bitcoin and doable, that means you will have a million dollars and 3 years of house paid. |
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I chose not sure, and I'm not too surprised that 60% are voting "yes", it seems like everyone is starting Fomo as the market has rallied for the past 2 days. For me, I don't believe there is any resistance as bitcoin is unpredictable, there is no guarantee when bitcoin close above $31k in June, it will continue to rise without falling. The positive and negative news in the market are very unexpected, we can't control them, so don't expect too much on the resistance level that technical analysis always shows. When investing, I just like to go against the crowd, when people are too Fomo and believe that bitcoin will continue to rise, I will be more careful.
I also chose not sure; the market is extremely unpredictable, and the SEC lawsuit was completely unexpected and caused a major market crash that also affected Bitcoin. Now that it has been resolved, even though Bitcoin wasn't that greatly affected, it's recovering. On the one hand, I want to believe that Bitcoin is capable of achieving a further recovery, but on the other hand, the environment seems pretty uncertain. We cannot predict what may happen in the upcoming weeks, as news keep pouring on a daily basis. Thus, I'm quite skeptical and supposing that if matters don't take a sudden turn for the worse, recovery should be expected somewhere during late 2023. |
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Even with SMES that selling low value item usually not advisable to use Bitcoin as mode of payment because of fee and the transaction speed. Lightning network is the solution but it’s not popular to many people which means only few accept this even on exchange.
I think the only time it’s good to accept Bitcoin as small business owner is if you will consider this Bitcoin payment as your long term investment and use your pocket money instead to replenish your business balance that goes to Bitcoin.
The good thing about crypto is that you do not have to use bitcoin all the time, you can use other coins which means that it would be cheap. Like lets say I will send you 5 dollars for a cup of coffee, I can do that with USDT which is stable so you do not lose any money, and do that with TRC20 so it won't cost a lot neither. That's the way to approach things and I am going to be able to pay you without much transaction cost. It's not an easy task to get everyone to accept that, but if shop owners are worried about it, that's a good way and quick way too. You get the money right away, and nobody spends much money on it, and nobody loses or takes any risks. Even market movements doesn't matter in that case because you got a stablecoin. |
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Sadly South Africa has been led by many successive and self enriching government ministers for decades now. It once made a very big name for itself as one of the most prosperous places in Africa, it has immense beauty and resources, but sadly it is being squandered. The country seems to step by step head into more lawless territory and there is defacto vast segregation between communities because of high levels of the most horrendous crime. It's crazy seeing the sort of fortifications that people have to come up with in order to live peacefully at home and almost unthinkable to step outside those walls into the general community sometimes. It feels like a long way from getting better.
Unfortunately that is true for almost every single politician all around the world. I do not know any politician who became poorer than the time they enter by the time they quit. Every single politician that went into politics, retired richer than they started. That can't be done with just public servant wage, because it is not that a lot, it is good of course but not a ton. I believe that it would be very difficult to do something regarding this project and I believe that South Africa is not that different in that regard. It is obvious that it will take some time before people could say that it is a smart decision for South Africa to change politicians, considering no matter who is elected into whichever position, the result could very well be the same. |
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As a newbie in the crypto space, I want to know the steps to take to be able to understand technical analysis and also know how to enter a trader.
- Honestly, what you are asking is not easy to understand immediately for a beginner entering Crypto trading. In order for you to have an understanding of this, you must first have an idea, even a basic one, so that you can understand what others will tell you here. You can only understand this somehow if you are in the actual trading view, and to see it you must have an account on Binance, Bybit, and other exchange site platforms. And when you also learn about technical analysis, at the same time, you will learn fundamental analysis, of course, and other tools that will be used in trading activity. Learning about TA is a months and months long work and in order to be able to do that, you need to make sure that you know what you are doing and if you are doing a good job then you will realize that you are getting better at understanding it. Not a lot of people can understand it completely which means that it is not going to be a simple job. I think it is better if you could focus on what you could do, and that means we are talking about making as much profit as you could after you learned it. How do you understand you learned enough to trade? Well, there are two ways, one is you will learn it by seeing, like you would write down on a piece of paper when you will buy it without buying it, and then check later if you were right. Second is spending just a tiny amount to trade and see if you could. |
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This is a matter of psychology and self-control as well. After all, when it gets low, sometimes we think that it can still go down and a little more and a little more .. And then it rises and we try to catch a spaceship that is about to take off, but it was not going to take off
And if a trader knows when the right time is to enter the market, then this is a good trader and it didn't come to him immediately, but through the result of many mistakes and loss of money. Even with great experience, it is not always easy to know when to enter the market. This timing question will always be one of the most difficult
And the signals are a separate issue. They must be taken into account, but you should not rely - I agree with you
Well, that's why I enter when it is going down, not wait for it to go down more because I will buy again later on anyway, whenever I get my hands on some money I will buy bitcoin. This is why there is no need to wait, mainly every time I get paid, I end up getting my salary and when I get my salary I buy bitcoin with it, well not all of it but some of it. This means that I may buy at the bottom (thankfully this month I did) and I may buy up, but if I buy up today, I may buy bottom tomorrow. That's why I am usually not worried about it, that's not a problem for me. I think it is quite important to remember that we could keep having some sort of results that change things in the end, I think that's a lot better and more important to do it that way. |
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The rapid development and advancement of AI is something that everyone is aware of. AI has truly come to stay with new ideas being implemented and released by different companies.
However, I'm a bit curious on how AI would affect cryptocurrency in the nearest future. Will it be majorly positive or negative? Let's all share our thoughts on this.
I think it depends on the advancement level, I mean if we are talking about just a bit, then no it won't but if we are talking about actually using high levels of AI and not machine learning, then we could maybe start seeing something. When you are using machine learning, it does learn by itself, and it even goes out and learns how to learn as well, I have used it to prepare all of my vacation for example, from train tickets to hotel to everything to see, that's good because it goes and looks for it, and learns about it, you do not teach it how to find train tickets just in case someone asks, you teach it how to find where to find train tickets and it goes finds it. We need to improve on this like 100x more and think for itself, it is not really AI if you ask it and it responds with the answer, it is AI when it asks "why do you want to do it" instead of giving you the result. |
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The price is currently around $25k. It's not ideal, yes, but it's not terrible either. It's possible that we'll have another bear year and see improvements somewhere in 2024. In that case, Bitcoin can easily drop to $20k, perhaps even $15k. I don't think the latter is likely, but it's not impossible at all. When investing in Bitcoin, one should take volatility into account and be ready for lengthy bear markets. If one is too anxious seeing an investment down 5-10%, I'm not sure Bitcoin is a good choice, as it will bring a lot of anxiety to such people.
It's not that bad either, judging by how the situation with the SEC has progressed. Bitcoin is the only coin that has shown minimal volatility and retained its value, which is quite logical if you ask me since the SEC is mostly after altcoins. Personally, I'm greatly satisfied with the current price, and if the lawsuit against Binance doesn't take a turn for the worse, it's very unlikely to see a new bottom. As for the OP, it's perfectly normal and expected to experience a lower price after conducting a purchase; it has happened to everyone, including myself. It's not something you can easily predict or expect, so you shouldn't have any regrets. I think that is because whatever happened with SEC, has nothing to do with bitcoin and that is why it didn't really get an impact. Even the worst possible thing that could ever happen ended up happening, that has nothing to do with bitcoin and that is why people felt easy about it. It was like a safe harbor, it was a place where people ended up doing whatever they wanted to do and they ended up with a good result in the end. You could simply just run away from anything and just find yourself safe at bitcoin, this is why most people preferred bitcoin and that is why I think it is going to end up with a great result eventually. This means that we are not going to end up with a great result, it is going to take a while but it will certainly happen. |
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