For me HODL is only applicable to use in uptrend, in my own perspective; there is similarities between HODL and also trend following. A lot of people made a mistake because they keep holding even though the trend is bearish where the selling pressure is high. If you do HODL when the trend is uptrend, there is a high chance that your money will make more money. Right now I'm holding my bitcoins and I will sell it if there will be a selling sign where the chart will have a reversal signs telling that the uptrend already exhausted and the market will enter in bearish market. We should learn from the mistakes of the others wherein a lot of people who lose their paper gains because they hold bitcoin even though its trend is bearish.
It is all about timing, HODL is not about holding it for a long period of time. It is about combining perfect planning with perfect risk management. Will you continue to hold if you are experiencing more than -20% or more, If I have that kind of portfolio I will immediately cut it because for me there are more opportunities in the market and there is also a high probability that my losses will increase more. I actually have portfolio where my goal is to do long term with it so basically what I do there is HODL but it doesn't mean that I will hold it forever. I have now more than 80% gain in that portfolio and my plan is to tranche selling it where I will sell 10% every breakout in order for me to secure the profit. |
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Most of us have the same mistakes like what you did, I started to make investment in altcoins in the first quarter of that year and I really made huge gains but I didn't yet sell it because of greed and also because one of the factors that you said where my fellow investors are also holding. When the dump happened, of course there is still fear and uncertainties that I felt but my hope and my faith are so strong wherein I really believed that it can recover but sadly it didn't happen and it was one of my regrettable experience. Holding are not applicable to all cryptocurrencies, just do HODL in a coin that have potential and also have high market capitalization.
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if all the project i've joined and successfully running or maybe at least have a value of 0.0001$ each token I could be a millionaire but since most of the bounty campaign and their tokens are worthless in my estimate value I think it's around $1000-$2000.
You're good with the earning out of bounties. It was the year 2017-2018 when each and every ICO token reached the peak in no time. Once again such a market condition could happen, everyone won't have the patience to hold for such a long time period without anything assured. Considering the market of altcoins receiving $1000 - $2000 out of bounties is a big earning. A full member will get an pay of $40/week from a bitcoin paid signature campaign. If he gets into a campaign for 12 months what he earns is around $2100. Based on that what you've estimated with your bounty rewards is good. Before, I have a lot of time in terms of participating in bounty campaigns but when the 2018 started; I immediately stop joining in bounty campaigns because that is the time where shit projects are popping up one at the time. I experienced to not get paid and for me that is the time for me to decide to not join in bounty and focus on joining signature campaigns. I do not know if there are still bounties out there that are becoming successful and paying its participants. If I'm not mistaken, my highest gain in bounty in the year 2017 is at around $5,000. |
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Most people really want to gamble gambling, but we also know cryptocurency gambling is very interesting and unique. The main thing is fair play makes us even more addicted we can't avoid it anymore
That's correct mate, a lot of newcomers in crypto gambling sites became addicted to the games where the majority of them their ending is not good. In short, they've left nothing because most of their assets melted or lost in the games that's the reality most of the time happened in the gambling industry in cryptocurrency. Whenever a newcomer gets into gambling he'll win out of luck, but the same makes them get addicted. At the beginning people never understand about the back effects of gambling. Everyone just focus on earning, and by the time if the gambler himself learn on strategies to stop and comeback after a short break will profit out of gambling. The worst part is people create a mindset to recover the loss which is also a reason. As most users mentioned gambling with cryptocurrencies is something unique and makes the user enthusiastic than playing with the traditional online casinos with fiat. Not all but most of the newcomers are easily became addicted especially when they experienced a beginner's luck wherein they win huge amount of money ath their beginning journey as a gambler. Online casinos are good because it can giveus entertainment and it can also one of the way for us to have another sources of income but there us a downside of it where if we do not fully understand what it is. Newcomers are just expecting to earn from playing some casino games and they will be surprised with some frustration whenever they experienced losses. It seems that they are not fully prepared and it affects their mental health. |
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Dominance is not doing that bad neither, we were at around 63.7% levels just less than a week ago, and we did broke over 65% that is true and the fall only made it 64.8% or so, which means we are still in a very bitcoin dominated crypto world. I want bitcoin to keep increasing and reaching new highs but I also want altcoins to increase 2x faster so that bitcoin dominance would fall.
In a world where bitcoin is 25k, I want ethereum to be 2k as well, ethereum is just an example, whatever else you can think of should go up that way as well, so in that scenario we have bitcoin going up a lot and breaking the all time high so everything is great for bitcoin investors, but everything else takes a bit of power from bitcoin as well and make altcoins credible too.
That scenario can happen as long ad the trend will not eventually snaps, those people who thinks bitcoin will dump soon are the people who do not have enough experiences. We are now in the markup where the prices are keep breaking out and keep forming a new base. The accumulation phase was already finished and it is the reason why the bitcoin enter already in markup phase. We are still in the beginning of the markup phase and the good thing is there are huge possibilities that the bitcoin can now surpass the $20,000. The dominance is keep rising and it is indicating that there are now investors who are putting more money on it and they do not have care on alts anymore. |
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I used to trade on Bittrex before and yeah I was also force to comply with their KYC update because I have no choice or else my funds will be gone, and I think that’s ok for me since I’m still safe and Bittrex still works good. So to solve your problem since its not a small money, better to comply with their KYC this is an update years ago I think, so you can’t do anything about it just accept it.
I'm sure that there are a lot of traders like me who became frustrated when they implemented new rules and it was the KYC. That time a lot of traders even me who switch to other exchange because the KYC of bittrex is a big yuck for me. I do not know if there is another way to regain or to withdraw the funds there without successfuly verification of the KYC. Bittrex is a good exchange because it doesn't have any hack issues but it is big NO for me if I will send to them my personal identity. I want an exchange that can protect both my identity and also my funds. |
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I dont want Bitcoin to hit the previous all-time high in 2020.
(....)
I think this time is extremely different. The hype on Bitcoin is still low compare before when we are the same price as now. There is still a lot of room to go especially if you will check the chart and use a momentum indicator like RSI. I also want that Bitcoin will make a healthy price action upwards and some price correction before creating another new all-time-high. The current RSI is now high but for me it is not a bad thing and it is actually a good thing because it is a sign of a strength in the current trading system that I use. There are many setups in this kind of market structure because you can trade breakouts with high where it can give you high probability of win rate. I also like to see small consolidation or a healthy pullback before the price of the bitcoin will manage to get near or to successfully breaks the current ATH. The market sentiment is continuing to become better and many investors are now focusing to the bitcoin and I think it is the reason why the market dominance of the bitcoin is continuing to increase. |
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Question is when will the dip actually happen? Many expected it from around $14K including myself, many are hoping from very recent $16.5K top, but could be anywhere between $17.5-20K by the looks of it. The only problem with only buying dips, is that right now there hasn't been one since $12K.
As for the retracements, I'm anticipating that the price may have rejections at the $13,850 and consolidate in that level. For me it is the ideal pullback for the bitcoin because in that area there is confluence with support and also 50% Fibonacci retracement level where it can add conviction where the price may stay above that area. The current red candle is still good for me as long as the price will not break to the new support. If the current candle manages to hold in the new support level at $15,800, then I'm expecting that there will be price surge again. I think other people prediction is not attainable because they are expecting to see pullbacks lower than $10,000. Right now, for me it is not possible because the demand is now huge. |
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My portfolio actually improved so much because of the pandemic because I'm one of the traders before who are suffering to huge losses but I managed to overcome and regain it in these past months. My trading performance really improved in these past months and I think the main reason is I managed to focus in cryptocurrency market alone. Before, I'm so busy wherein I cannot monitor and do daily charting but now I can able to trade full time without concerning other things. My goal is to double my current portfolio before the year ends and for me it is possible because I have 7 weeks to go where for me there are still a lot of opportunities out there.
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I never thought that losing money through betting can lead into this kind of incident, I hope that his family already accepted to what happen to that boy who committed suicide. I cannot judge him to what he did because I never know what he feels and what he experienced after to lose the money that he just borrowed. This incident should be become the trigger for some government to allocate more funds and focus on suicide awareness because it can prevent person especially those gamblers who have suicidal behavior. Depression is real and people can overcome it through proper guidance and education. I hope that this kind of situation will never happen again.
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Hey guys,
By recent Fear&Greed Index bitcoin is in extreme greed area, usually it's a sign of decline in price or even crash. I've been observing this index for quite some time and find it pretty accurate, of course it doesn't give you the exact day or time but it indicates the sentiment on the market. Do you ever use this index in your trading analysis?
Just like funding rate and long vs. short data, it's good to keep an eye on it. It's good for giving a warning of impending capitulation or blow-off top, yes. Unfortunately, it can be deceptive. I can't tell you the number of times I've heard "the index is greedy, we need a correction!" and then the correction doesn't come until price is 20-30% higher. Sentiment works a lot like momentum oscillators like RSI and such. During a range market, it's safe and sensible to sell overbought and oversold levels. However during a very strong trend, momentum can become embedded in overbought or oversold zones for a long time. In the same way, during a very strong bull trend, the market can remain "greedy" for quite some time before the eventual crash comes. To put it more simply: it's pretty difficult to trade based on sentiment alone because it's difficult to time. You'll want to look for other technical reversal signs too. People thinks that bitcoin is now in overbought area where they thought that any time a retracement or a dump that may happen but it is just a myth, when it comes to a trending cryptocurrencies; the overbought and oversold is not working. Actually the bitcoin is really indicating a bullish sign because it is now consolidating above RSI 70 which means the trend is really strong. The overbought area and oversold is only working when the market is non trending or it is in sideways wherein if the RSI touch the RSI 70 expect that the price will make a swing down while if the price touch the RSI 30 Expect a swing high that will happen. But in this case, it is not working because the bitcoin is currently trending. When a market is oversold or overbought two scenario tend to happen firstly the market might experience a minor pullback or retracement before continuation in the previous direction or a total reversal will ensured. Bitcoin is in overbought regions presently confirmed with RSI with 4 hour, daily and weekly timeframe however its quite difficult to envisage that its going to dump based on that indicator we should remember that 'price is the king', you really nailed it here that trending cryptos markets doesn't correlate with or obeys overbought and oversold decisions, personally I will wait for the retracement and re-enter the market based on Price Action while taking profits at the appropriate zones. I'm more comfortable trading when the market fully retraced because I'm not used to buy when the price is in parabolic movement because I have doubts where I think that the price may go down easily if I buy. The market structure of the bitcoin is really good and for me the recent breakout is indicating a healthy trend where we can expect another rally that may come. People think that they are already late to buy bitcoins but it is wrong because remember that there are too many opportunities in the market; we should just be prepared in order for us to get that opportunity that can greatly increase our portfolios. |
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Yes you can never be successful without trading skills this will lead to more damage you need to learn the different trends of trading over time and follow the strategies of the trade market need to start with a little capital trading signals help the most in trading. The risk is less here and it is easier to determine the price of a currency if you can analyze the trends of trading signals therefore one's own knowledge and experience is most applicable in trading.
You need to start trading on a demo account. This is the most important rule, I know it for sure)   You need to open a real account on the exchange only after 1 year of trading on a demo account. Then trading will be enjoyable and profitable. Demo accounts will not help you if you want to learn to trade, because demo accounts can be manipulated, and not according to the direction of the market, it's better to use real accounts and deposits, you can learn chart analysis in tradingview. How it can be manipulated if demo account is also relying on real time market events. I suggest to newbies to first try demo accounts before putting real money in exchanges because that demo account will help them to understand how the market works. Imagine if a certain newbie putted money in exchanges without prior experience wherein he do not understand how to execute a trade. For sure he will make a lot of mistakes because he do not know and used to it. Demo account for months are enough and a trader should get a lot of experiences first before putting real money in his portfolio. |
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I am very very against trading on mobile even though it is getting very much common. I understand tablets because they are almost as big as laptops nowadays so that makes sense. However I do not like mobile because usually no matter how big you think your phone is, it is never as big as a computer screen (even laptop) and that is a problem for me.
I understand that it is not a big problem for many people, and I personally use my banks app myself for my fiat so why I am not like that for crypto I can't say. No matter what the reason would be (which even I do not know myself) I could say that small screen for such a big amount change is scary thought to me, I feel like because of small screen I could make a mistake and not realize it and lose a lot of money because of it. I know it is an irrational fear but I just have it and don't know how I can get rid of it.
I also not used to trade with the using of mobile phone only, I'm used to trade with laptop and with desktop because it is convenient and less hassle for me. The chart that I'm using is not the chart that belongs to the exchange, the charting website that I'm using is trading view so for me I need to monitor to be convenient and less hassle. Trading view is also applicable in mobile but you need to alt tab and that is the hassle part because it can get you to be confused especially if you are executing trades via mobile. But for those who do not have laptop or desktop, my advice is you should be used in mobile phones because there is nothing that you can do after all. |
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Perhaps the gambler from England who had bet as much as $5m have gone crazy. With the stakes not on target.
When a lot of big media support Donald Trump, he just believes, without analyzing and collecting data.
Because it turns out that the news is fictitious, and can’t prove Donald trump to win the presidential election right now.
But indeed, the country has a very high average salary, so for this gambler from England, $5m is not a big deal,
compared to the monthly salary he receives. Who knows?
Perhaps, that gambler addicted to gambling, and he doesn't realize that the money he used for betting was too big. Or he has a lot of money that he can use for gambling, so he will be okay if he losses that money. There are many opinions about him related to what he did in that gambling, but only he will know why. But for people who saw that amount, they will be amazing or shocked because the money was too big for them. If he doesn't search for the data or does not analyze the data and only place the bet without valid data, he will lose in the gambling. That will also happen to us if we gamble without collecting data. now I'm curious about this guys who made this bet after Biden successfully taken the seat. I wonder if he's still gambling for some random politics sh*ts. I imagining if I'm that person who lose that kind of money, I do not think if I can handle that kind of stressed and frustration. My risk tolerance cannot handle that kind of money but maybe that person have high risk tolerance who lose $5 Million because he made a bet to Trump where he can handle that kind of losses. That $5 Million is very huge money where for me it is already can be called as financial freedom where you can buy anything you need and want. I think he still hoping that Trump may win because trump is still not conceding where he still finding a way for him to lead the US again. |
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How long do you guys think it would take for this vaccine to be applied to everyone around the world? I can tell you that even common cold vaccine that we get before every winter is applied to elderly first and only applied to others after that, which could either mean we are still having trouble giving everyone a vaccine that has existed for decades, or it could mean it is not a big sickness so people do not care about it as much and it is different for this one.
I do not know when it will happen but I can tell you that sociology did played a big role in the markets recently, there were tons of airline industry stocks that went up the day this news was published, in reality airline industry is still in trouble and vaccine is still not applied to everyone so nothing changed today, but the stocks did moved up today just in case.
Look how the economy reacts when a news comes up about a vaccine that is completely safe  . I think it will take 2-3 months before they can mass produce that vaccine but for me it is still not enough because most of the countries are affected with the virus so the demand is really high because we are talking about billions of people. I hope that the countries who are really affected are the first countries should get the vaccine in order for them to save their economy and control the virus within their territory. I'm really sure that the pharma company who will create a vaccine that is completely safe from the people will really have a big profit. |
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It is because of the market cycle and some catalyst the bitcoin already made a move where it manage to surpass one of the key levels in the chart after the Paypal announced that they will start accepting and selling bitcoin. That news also become one of the catalysts why there is a previous run up. the momentum is still in the bitcoin and for me it will take more days or even weeks before the momentum will die. I actually think that there will be a good thing that may happen to the price of bitcoin in these following days and I hope that I will maximize the returns that may I get. Those investors who have high amount of money are now surely making investment in bitcoin and for sure they are also anticipating that it may beat its previous all time high near $20,000.
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This pandemic period is a hard time for most people because almost all individuals suffer today from the economic crisis. The effects of this pandemic mentally become fragile, and this is a fact.
The biggest problem I see people faced because of the virus is those who used to earn and live on daily wages because they had no savings and they used to live their life based on how much they earn today and they have been hut brutally and mercilessly hard by the pandemic. People who are doing jobs can still find online work and somehow survive but spare a thought about those who work on daily wages and please help if you can if someone nearby you needs help. It is best for us to stay positive about the future and always maintain health so we can still eat and live.
But for some people, it’s difficult if they don’t earn money at all and for some people, it can rise from this pandemic.
Staying positive is one thing and suffering is another, no matter how positive you stay within yourself but you cannot deny the circumstances that are revolving around you because no matter how positive you are at the end of the day you need money and for that you need to find work. Staying positive is really good way to cough up in hard situation wherein you need to do it if your surrounding are full of toxics and negativity. I believe that negativity is a energy and you can attract it if you are also negative. We should remain positive all the time but we need to do something if we are one of the victims of the current pandemic wherein we lose jobs. We gotta be strong in this current time because there are still a lot of obstacles that we may face. Actually we will experience obstacles or problems as we grow up, it is normal and the only time that the obstacles and problems will be finished is when we die. The opportunities are can be seen everywhere and we can find it if we will work smart and we will stay positive all the times. |
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Unfortunately, that's the struggle that our country is going through. People are suffering more not just because of the pandemic but because of corrupt leaders. Instead of helping people, they're using our national funds for their own purposes. They're taking advantage of the situation which is making the pandemic crisis worse. I think even when the pandemic ends, the corruption would still continue to foster in our country.
Yeah, some politicians are even showing more damage to the economy than corona virus actually did just so that they can hide their own mistakes and poor decisions in past. They are trying to make it look like corona virus is the only reason behind the poor economic structure but the truth is while virus is a reason but it is not the only one. Vaccines are just the solution, and it will take time to get them to the world, which can take several years.
The world economy is a chain of supply and demand, and it is like the ecosystems of the entire earth. Also it is not easy to get the vaccine in bulk quantities so I think only higher sector/society will get to use these vaccines first and in the second stage maybe everyone gets access to it. There are still a lot of conspiracy theories about the coronavirus. nothing is clear. only what we know is that countries had a hard time economically in this war. I think finding the vaccine is an important development. I hope it will fix everything before things get worse
Even after everything is sorted I believe it will take years to stabilize the falling economy and that is once the vaccine is in and the virus is out which still isn't certain yet. I'm certain that the vaccine will already available next January 2021, because for sure that time many pharma will able to finish the phase 3 which are the human trials. They will going for sure in phase 4 where they will mass produce the vaccine that they made. The economy is now starting to recover and the good thing is our government is starting to control the virus where the active cases are continuing to go down even though there is still no vaccine. I do not believe in conspiracy theory especially if it is about the virus; I just following the advices of the professionals out there because they are disseminating information with backup data and facts and not just about the theory that created by some people. |
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For me commitment is the most important thing that the trader should have, a trader should commit that he will going to study and make a research in order to become profitable trader, a trader should commit that he will spend most of his time analyzing a chart and committed in a way where he will never lose faith or he will never give up in trading. Knowledge is what traders need, they cannot get that knowledge if they are not committed to get or to learn new things. Mastery takes time, people are too lazy to spend most of their time studying and it is the reason why they are not making profits in the market.
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Of course, this is a wrong take, it all depends on the altcoin you pick to trade with. If you bought ethereum when it was 380 dollars just a week ago (not even that long ago) you could have made more profit with it than you could have made with bitcoin while bitcoin went from $13k to $15k at the same time, so not even a period where bitcoin stayed low or anything, we have seen the biggest price of bitcoin since 2018 and we still managed to make more profit with ethereum.
Hence, why I believe it is quite important that people should focus on altcoins but only if they think they are dealing with the right one. If you pick a coin that is bad or not have a future and maxed out, that means you could definitely lose money, but if you pick one that is good and has a future, you could make a lot more profit.
It is really depending on the altcoins that you will trade, you will obviously lose money if you trade altcoins where in you are against the trend. The general market sentiment is now bullish and if you are still trading altcoin that is bearish then expect that you will lose more money. I only trade altcoins that in uptrend because as the time passing by, it creating higher low and higher highs where its price is keep increasing while it making bases in the chart. If I will choose between trading altcoin and bitcoin right now, I prefer to trade bitcoins because of its market structure where the price is now above multiyear high resistance which means that the trend is really strong and I'm looking forward to buy again because I'm anticipating that there will be a huge breakout that will happen in these following days. |
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