Back testing may really be more confusing than it is going to help if it didn't work, that is if back testing do exist or I didn't really see the possibility of using the past to judge the present and future to get the exact market direction, all is just part of speculation that is what it is.

The way is going back to the past market waves and to use that to speculate on the market. All indicators can be examined like RSI and others.

Except if you kind of not sure of yourself. If you started small and someone saw your work and liked it then showed it to someone else and you got more patronage then you can be better on it, expound and employ more hands you see at the end of the day you turn out to be an employer not just an artisan but some master teaching others and getting paid for doing what you enjoy doing. What you need is more zeal to your hard work and you can make it bigger.

I expect something like that in the beginning as it happened in 2021. The ending of the year is going to start a steady increase in 2022 IMO unlike the popular opinions that the price will drop. I predict it to be a bull run in the early first quarter of next year. Is just a prediction not an expert advise anyway 

The price will bounce back but when is the question. If you stick your money for a longer time than you expecting profit maybe frustrating and discouraging. Therefore not bothering about what caused the price of bitcoin to drop faster than it was being expected is important for a business mind. Well to me I have not seen a reasonable reason for the drop but I see it as a correction waiting to happen after all the bull run.

Lol is hodling some amount of coin regarded as tax evading Or I don't know that to be so. I feel when you sell off your hodling and keep it secret from tax authority then that can be a crime of evading depending on if the country is collecting tax on cryptocurrency but if hodling is also part of evading is still new part of it.

I think this is a relationship between skill and passion. It is very suitable to learn a skill close to our passion or the same with our passion and with that you won't have any issue to grow faster into it. A business person in real life or a marketing will better understand trading online better and faster than someone that is a novice in the real world business. That is saying a real world business person knows different terms in business and how they interact with themselves like demand, supply, ROI volume etc

Binance is a little clearer for newbie though. It has more programs than kucoin which will make traders have better opportunity for almost everything that has something with cryptocurrency. However it looks like it is a house of KYC and I think that started quite recently since the ban and regulation here and there.

A word of advise to support it that technical analysis is the most proficient way to study and trade on the market. Technical analysis are charts that shows a trader happenings in the past and with that chart pattern, you can use it to project or speculate on the next market direction. It is very crucial to your trading success and can never be swept away. Usually traders study their chart for the starting of the week to create their set-up for the week. As a trader, technical analysis is very helpful to better trading experience. They give you an edge in the market.

No one can say exactly that price will go down or up , it is only speculation that they do. The only kind that know may be the pump groups. The pump group can advise people in the group to buy coins that will keep the price also rising as more people buy it and they can start selling their hodling which can crash and fall the price but to know exactly that the price of bitcoin would fall is difficult. As it just dropped lately I don't think people expected the drop in price.

I don't believe bitcoin should be the independence in financial economy that people seek for. The volatility of bitcoin is capable of bringing the savings of a family down within minutes and then the family goes back to zero level to either start from beginning again or separated because finance is important in family lives. Look at what happened yesterday  with the price of bitcoin, it went down cutting off more than $10,000 for just a day and this affected altcoins. This is the reason for diversification.

Bitcoin is independent from the view of blockchain but putting all you have in bitcoin or cryptocurrency is not independent.

I do understand that point you made on the thread but I think really that any trader who can have the mystical powers to see the next market direction won't hodl a falling knife. Yesterday barely two hours that I chart btc price and checking later to see price crashing to $46k from $ $55k +, such is good and easy profit. Now why many hodl is not to lose the big bull because sometimes after dumping, you see price increase. Whichever way is part of the trade of cryptocurrency, it can profit you or you lose. It is uncertain market that is highly driven by news and sentiment.

There is no difference in trading a meme coin. Rather it is more in profit especially when the market is beginning to pick up after correction. For example with the correction market now that almost all crypto is in red, so making an order now is profitable and cheaper. Bitcoin price dropped to $47k and meme coins have dropped to many zeros so going for them now is the best a trader can get.

Patience on what exactly ?

Trading is not just about patience. You know it is said that faith without work is useless so you have to know a thing about why you are patient. You can't just make a trade order wrongly and rely on being patient just like that. You can't succeed that way. You have to have a strategy plan that will show you why you have to be patient. So your failure in trading isn't because you lack patience but because you lack trading knowledge.

I find this part of your post interesting because many new traders don't understand that trading is not easy, they may have seen people living good life from trading profit but they don't know the amount of time that have been invested into it including capital. It is better with trading as you gain experience, experience in trading comes with losses. Almost every trader that has been in it for long has a tale of losses to say and that builds more experience because as you make losses you look at the mistakes. For example like you say, not knowing when to enter a trade or when to exit is a form of mistake and experience that has changed trading pattern of some traders, that aspect of trading is very important.

You don't need any basic knowledge anymore more except you want something more sophisticated and you still don't need that. What you are looking for is simply a trading strategy and not to enter every open position available to you. So you are the one to teach yourself that, build or develop a strategy by yourself.

What I will ask is, you made the profit? So what did you do to make it , follow it.

Again, you lost and what did you do to lose? Stop it.

You regained your losses, nice job and follow that. That is a about trading. Keep following what works for you and not what doesn't work for you  Good luck to you.

The interaction between cryptocurrency and traditional is more of unrealistic endeavour especially with cryptocurrency. Going through the link, there are some levels of regulatory sample that was mentioned and they all can relate to fiat so cryptocurrency belong to a wall of its own


Traditional system and cryptocurrency seem to be on pararrel only a choice as option because it lacks being controlled like fiat.

Depending on the tax laws of a particular government but it is difficult to trace accurately because evaders will always find their way.to run away from paying tax. What government can do is to conduct a registration of payable tax in bitcoin and do a link to the bank account of the payer but even with that, the exact amount to pay is not verifiable because some wallet can be concealed from the agency.

On a second thought about living a luxurious style, the way of life of some people won't be stopped because they own bitcoin or not. Some make wealth from different angle including trading and excluding hodling 

This time bear may not come out like it did in 2018 and 2019. There are different positive information and news that has happened around cryptocurrency and bitcoin from last year to 2021 and these are going to influence the inflow of liquidity in crypto market. The use in bitcoin is well on the increase and this has got some platform to open acceptance of bitcoin like PayPal and other institutions like Amazon planning adoption . This will  further widen the reach of cryptocreency so bear may not be as expected until the second quarter of next year when the increase is expected again.

Lol but do you still consider that as mistake when you have made profit out of the decision you made to sell your coins. Except you sold out and made loss because you didn't know price will bounce back. But if you sold whether for profit or loss won't be considered as mistake because it was your decision and that can be called as regret if going by what op means by mistake. A mistake is what is not intentional. Example sending coins to another person wallet, taking a placement or order on a pair you didn't know is wrong pair that you didn't want to trade but you traded it afterwards.

Op I don't think your sentence is correct .

Or you mean how not to make stupid trading mistakes?

You have to correct your sentence to direct contribution regarding to what you are asking of.

I don't think  people make stupid mistake internationally in trade because if you intend to make a stupid mistake you are intentionally losing your money.