I use a few tools to help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.
And how about trading technics. Is anyone kind enough to share?
I personally use Newscrypto for trading tools and indicators to analyze trading scenarios such as Moonlines, Correlation, etc., and I’m loving it to be honest. It’s free to use when you register an account. But of course, there are other great ones as well for technical analysis on cryptocurrency trading like the Tradingview. |
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I never saved much of my money in the bank because I know anytime they could freeze it. Although crypto and fiat money are having different purposes, I would still prefer cryptocurrency to save most of my money. Plus it gives us full control of our wealth rather than letting someone having the custody of our own assets.
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I remember the time that Russia said cryptocurrency trading is allowed but not as means of payment (in other words legal tender). At least they could still trade cryptos, but it would be better if they could expand its use cases like as a medium of exchange. It’s good for Putin to say that Bitcoin has value, but that’s just the first step. Hopefully in the future, he would consider allowing cryptos as mode of payment but should be regulated very well like registering as an operating payment system (OPS).
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This is such a great feeling! I’m actually had tears of joy after receiving a notification that my rare NFT collectible was successfully sold in the market.
The first sale is always the sweetest of them all and I won’t forget this day. Although this does not mean much for most of you, but it means a lot to me. I know the feeling of those people who had their first successful sale experience, especially NFTs.
Now I’m totally pumped up and excited even more! Just the first of many, and hopefully more to come.
P.S. Mods feel free to move this thread to other category if this topic is not deemed to fit here.
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For me, bear market is profitable if you are lucky enough to place your position in futures trading. In a Facebook group, there’s a certain guy who is calling himself as the “Bearmoon” (a bear with a cigar), in which is he is so “bullish” for BTC to go down instead of moving up. But yes, there are investors and traders who liked the bear market because they want to buy the dip as much as they can and create a strong support level for themselves. That’s just my opinion.
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Even though that it’s a bullish period for us (especially December where BTC started to pump like crazy to as much as $30k last year), we should not end up being greedy. It’s better to take profit when you are in good profits. After all, a profit is a profit even if it’s small.
While we are getting close to breaking ATHs again, this is our good chance to take profits happily whatever coin or token we have in our portfolios.
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Personally I don’t like KYC coz’ it destroys the purpose of decentralization and anonymity. But with the exception of highly reputable exchanges such as Binance, KuCoin, OKEx, etc., they’re fine with me. But for new exchanges out there that requires KYC, I would be highly doubtful about their integrity. So for me, not safe if we choose to KYC with not-well known exchanges.
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As of this time, we can see that Bitcoin is still dominant when it comes to price movement. They quickly pump than the altcoins to be honest as they’re a popular gateway to be converted to fiat money. It’s great to hold BTC long term and some top altcoins in the market right now.
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China had so many ridiculous rules that limiting the freedom of their people, including that they declare all crypto transactions illegal. Imagine if I live there, I would be purely devastated and may end up in extreme depression. If they think that they could convince the whole world in doing the same restrictions like them, it won’t happen especially for crypto-friendly countries.
I know that the Chinese crypto community are not giving up finding loopholes and it’ll be difficult to trace them if transactions are done by P2P.
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As the level of Bitcoin adoption gets bigger and better, in a short time from now Bitcoin is going to be accepted for payment for tickets and another airport terminal payment.
Simón Bolívar Airport which is an international airport in Venezuela is working on modalities to start accepting Bitcoin.
But the question is that if they are using the Lightning Network or not. Because we all know that it’s completely insane to buy tickets when we are going to pay exorbitant transaction fees. Anyways, it’s a good development for Venezuela airport in adopting Bitcoin and increasing awareness of it. |
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No big deal. This is how crypto works. We see gains and drops as it’s subject to high volatility and unpredictability. I don’t mind about the drop though whether if it’s short or long term, because Bitcoin is here to stay and it will eventually rise in a surprise.
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In my country Philippines, we are considered as one of the most friendly out there despite that it’s not personally endorsed by the central bank. In other words, it’s neither legal nor illegal and already classified as a security. Unionbank, which is one of the most outstanding banks in the country, has it’s own government-regulated crypto ATM, the first in the history of this country. So far no problems here, it’s just that some Philippine-based banks are anti-crypto like BDO, BPI and RCBC.
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In the Philippines, I have watched a webinar regarding taxes especially in the crypto and NFT space. Basically, they just said that whatever NFT you sold, it is classified as “realized” and it is subject to tax once converted into fiat money. It can be easily traced if withdrawn through a custodial wallet and then into a bank account, e-wallet or remittance. But for P2P transaction, it’s a different story and it’s hard for them to trace it.
There’s a possibility that NFTs can be used for money laundering if not regulated very well by the national government. It’s a whole new and challenging space for them, so doing some in-depth regulation is going to take a long while. But for now, they’re just gonna stick to any type of income that is realized that will be subjected to tax.
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To be on the safe side, it’s better to ask permission from the original poster to translate it in other languages before posting it. If he or she approves (depending on the terms), it’s better to give credit to the original poster in English language. That’s just my own opinion to be safe and in good terms.
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When I’m still a newbie, I usually learn trading on Youtube. Also I had some local friends who guided me about the basics of trading. I had to admit though that I made a lot of mistakes and bad decisions in trading as well, and yes it’s in a hard way. No matter if you are a beginner or an experienced trader, it’s really hard due to the unpredictability of the market along with it’s high volatility.
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It seems that more and more countries are now restricting Binance users due to regulatory and compliance issues especially KYCs and withdrawal limits. It all started with UK, US, Australia, Ontario in Canada, Japan (warning), Singapore and now South Africa. I don’t know which countries would be next in line to restrict or terminate Binance, but I’m just glad that the Philippines have stepped up their regulations instead of outright ban.
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I am new to crypto and everything I have done has been strictly through Coinbase. I don't have a key or anything like that.
Is my crypto safe?
What can I do to make it safer?
Everyone talks about keys, what exactly is a key. Where can I purchase one and how does it work.
Thanks and good luck to everyone. I am already up about 22 percent on my investment and extremely happy. I do feel that BTC will go to the moon.
First and foremost, getting into crypto is a good first step. Welcome to our world! As for Coinbase, it’s a custodial wallet where you don’t have the control of your funds like bank accounts and traditional payment processors. Plus, it’s vulnerable to hacking like the recent one (if you can check the latest news via Google or social media). To ensure that your cryptos are safe, transfer them to a non-custodial wallet. If you have some budget, better invest in a hardware wallet like the Ledger Nano S and Trezor. Depend on what crypto you own, there are numerous wallets that you can consider such as Trust Wallet, Tronlink Pro, Exodus, Solareum, etc. |
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Lol it reminds me of this….  The thieves are trying to get some “coins” there, but they really don’t understand that there’s no such thing as physical Bitcoin. I assume that the latest incident is the same where the thieves are thinking that the Bitcoin ATM has full of physical BTCs. They only knew about the popularity of Bitcoin, but they don’t know what it’s really all about. Just my opinion. |
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I usually store my USDT in a non-custodial wallet in which I receive it from my bi-weekly salary. However, I am considering to convert all of my USDT into DAI as well if something bad happens to USDT. I also consider BUSD as well.
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I have seen topics and posts around with incredible amounts of misinformation. Mostly posted by newbies as their first or second post. Most people that have been in the crypto game for a while knows to take most "news" about crypto with a grain of salt. But some people that are newer to it might fall victim to fake information or fake investment "guides" that tell you to invest in some token that is, to an experienced person, obviously a pump and dump or scam coin. A friend of mine who is semi-new to this called me a couple weeks ago frantic, telling me that he had seen a prediction about some random token and told me that he might invest in it if the returns were real. He asked me if he should go for it, and I told him that he looked alot like a scam project. Its a good thing that he didnt put capital into it, because within a week of him seeing this article on the token, the website for it was gone. This is an example of how easily people that are new to this get tricked into losing their capital. Theres really nothing anyone can do about it, but I think the easiest way the prevent scams and slow them down is to educate people that are new to this.
Education is the key. I’ve encountered some of my real friends and social media friends regarding their negativity towards crypto. In the end, they just misunderstood on what crypto is really all about, as they only listen to those people who got scammed using crypto as front in various ponzi and networking scams. I made them understand how crypto works like there’s no astronomical guaranteed returns, DYOR, etc. I’ve been educating some local communities and university students since 2018 about the real use cases of cryptocurrencies and blockchain technology, making them understand even more rather than listening to the media with misinformed content about crypto. |
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