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Horrific, each day we are really getting new cases of unacceptable behaviour from these exchanges. If a token has an upgrade, It's both responsibility of the team as well as exchanges to make necessary updates on their platform for users. Isn't this what they charge fees for? Atleast the top 20 exchanges should do this. How can a user be expected to have knowledge of all the updates and everything? Moreover even if a mistake has been made I think they should try to issue a refund. It's not that difficult to issue a refund anyway? It's just their scammy trick to keep all the money with them.
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It has been said that Bitcoin is more volatile on weekends usually because there is low volume which can be easily manipulated by the whales.
Also it is observed that bitcoin usually dump on weekends and not pump.
When the volume is low, why don't whales interested in pumping the coins ?
Because bitcoin is more of a bullish asset. At every point overall you will see 80-90% of the people bullish on bitcoin therefore it isn't a tedious task to pump up bitcoin as a lot of people would jump in immediately seeing it going up. But on the other hand, bringing it down is certainly difficult especially at the time of the bull run. This is why whales need to look for a weak volume day where they can easily move the market in their desired direction without much resistance. I think this trend isn't much prevalent when the market is moving sideways. This generally happens only at time of bull run when bitcoin is breaking new highs. |
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There won’t be any new millionaire born in stock market
It would be the norm for the 2022, 2023, 2024, ... to eternity
Because stock market is highly regulated
All the millionaires are made from the unregulated stock market is now all dead.
Those clueless billionaires think they can regulate all they want and they dislike gamblers who could do harm to stock market, they’re thinking they don’t need us to help making them the richest man, I think they’re so dumb they’re no coiner and actually is very poor.
Yes, fiat would be used to continue to probe up all blue chip, those are making the rich people richer but not create new millionaires in the foul play, without new millionaires born from stock market every now, the hype on getting rich from stock market would die,
Stop believing those ads telling you can generate passive income investing in Amazon blue chip for as little as $300, those are the ads to make the rich people even richer.
Are you really sure when you say this? Or are you just guessing? Because I have seen a couple of new millionaires cropping up from the stock markets in my country atleast. Moreover stock market millionaires don't invest directly from their accounts they generally setup institutions for it which I am sure never go into losses. Also talking about regulation, I feel there is hardly any regulation when it comes to institutional investors, most of the regulations just work on the retail ones. |
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Just as people moved from gasoline powered cars to electric will investors also move from bitcoin to ecofriendly alts?
Not really. If the crypto market has to exist, BTC has to stay tight and upright all the time. Talking about the energy consumption patterns, we already have solutions in the form of renewable sources of energy. I think the market would more or less rectify itself, if there is a lot of buzz around dirty energy being used by miners. Miners would shift themselves to countries providing subsidies for using renewable sources of energy. Most of the countries around the world are already providing subsidy for renewable sources and new miners would base themselves in these countries. I think this is more like a self rectifying equilibrium, it will rectify itself. But yes greeners alts would prosper alot, basically the one's working of Proof of Stake Model. |
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I hope this does not overlap too much with other recent threads.
Been seeing market analysis that points to aggressive sellers, then some typical CNBC nonsense, then Scott Minerd on Twitter posts the following: "Crypto investors be warned: be prepared for a volatile holiday weekend."
Looking for your market readings for the next three days.
Is this just FUD for FUDsake, game playing, or are big sellers going to try and dump the price this weekend?
Keeping the FUD aside market is giving a lot of hints of extreme weakness. It looks as if bulls are nowhere to be found in the market. Even though there isn't any heavy attack from bears too so far but still they look pretty heavy. 20k is too extreme of an estimate given by anyone I think. I also expect the markets to be volatile today and tomorrow due to multiple reasons, 1 is the weekly close and the second is the monthly close coinciding with it too which is on Monday. But I am sure if the market falls vigorously in these two days we will see very green weeks ahead, especially the next couple of weeks. It's because the daily RSI is already hovering around 33 Area and if it market falls from here it will move into the oversold zone which means a huge correction would arrive anytime. |
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Looking for advice from veteran bitcoin futures traders - I assume futures traders attempt to capture short to medium trends in both directions, up and down. Further assume that one can't always be right and will have profit target/exits and stop losses. But how about trade sizing?
Assume you have $100,000. How would you size each trade?
It's quite different based on the time frames you are trading Intraday/swing/positional. But I will give you a basic idea which could work on everything. Keep a set amount of risk you are willing to take on any given day/week/month. If you have $100,000. 2% is a pretty huge risk on daily basis. so let's say you decide that your maximum risk is 2% of your capital. Now wait for the right setup as per your trading strategy. Find a trade that has a stop loss size equivalent to 2% of your capital or less than that if you want to enter multiple trades. Check whether the Risk/Reward is atleast greater than 0.8/1. If it is decide your position size accordingly. For eg: I have $100,000. I see a bitcoin trade setup of buying at $40000 and my stop loss can be placed at around $39000. Now 2% of my capital is $2000. This means I can enter a position worth 2BTC. Deciding the margin and leverage is entirely up to you. There is no rule here. But you cannot enter any other trade as you have exhausted 2% risk aversion of your capital. One option can be to just take 0.5% risk on this one trade and keep the remaining 1.5% for the other trades. But this is how all the trades should be done in a mathematical manner. You can easily create an excel file based on this or here is an online tool that you can use too. https://tradingcryptocourse.com/course/position-size-calculator/Pro Tip: Keep stop loss at 1.9% instead of 2% of the capital and use STOP MARKET order because to ensure this stop is executed you might need to ensure a stop market order. |
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I don't know about a lot of countries but if you have earned your income in that country or through a business that had its ownership in that country you'll be taxed no matter where you go even if you are receiving it anywhere around the globe. But in the case of bitcoin finding the source of that income becomes really difficult in fact it's too debatable. Most of the countries work this way: If you leave the country for taking up employment elsewhere and you have lived in that country for less than half a year you are considered a non-resident. So whatever you would earn after leaving the country in that very year wouldn't be taxable. However, the incomes you earned during the tenure you were in the country would still be taxable. |
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I would like to ask a very simple question to all you Bitcoin lovers out here. "Explain to me, why it makes rational sense that the prices of most alt-coins (in relation to USD/EUR/Fiat) should become different when the price of Bitcoin changes."Note that I am not asking why this happens at present. To put it a bit differently - if a regular dude with no knowledge of the crypto market would ask you: Why is it sensible and/or "right" that the price of a given alt-coin asset valuation goes up and down when the price of Bitcoin (in most cases, a seemingly unrelated asset) moves up and down? How does the value of said alt-coin become more or less.. why does it make sense that the BTC price de-facto "decides" that whatever actual utility the alt-coin asset enables me to make use of (in-game currency, computing time, storage space, etc.) can now be had for a different amount than a few moments ago? And, again, just to be sure - please refrain from 'arguments' along the lines of: - It has always been thus - Coz alt-coins are [enter your derogatory description here] and so on. I want to know... why is this the right way for this market to function. How does it make rational, economic sense. Thank you  There actually is no market function that we have in play here. You can say that this is an altogether new market function created by the alt market itself. The one reason here is that Bitcoin is considered as Dow Jones of the market. It has 40-50% dominance which means most of the crypto market is just Bitcoin. Which gives it a look of a barometer of the whole market. Because if Bitcoin is rising which means the Investor's confidence towards the whole market is good but when it's falling the investor's confidence towards the whole market is grim. Talking about how it might have started is because most of the exchanges had only BTC-Alts trading pairs earlier which means you can sell your Alt but would still get just BTC. This means when BTC used to fall people used to sell their alts and come back in BTC and that's why alts fall even harder than BTC. Moreover, This isn't anything entirely new. If you see even stock markets. When DOW jones or any other index goes up the stocks which aren't even part of the Dow Jones tends to go up. |
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It is not horrific story at all. It is the way it is mate! This is the game of money exchange in the process you loose or you make more money. It's the competition who buys at dip and sell at high and weak hands who buy it ATH.
This market won't survive if there is no such dips and ups. Obviously those 8 billion which were liquidated must be from the profits bookers, losers, panic sellers and what not.
If the orders were executed then it does mean someone was buying at that point too. That is how it works and that's what give liquidity to the market.
Yeah it's true what you are saying but I believe at the end of the day it was hard-earned money of many people and they might have been out of this devastating crash if they knew some very basic rules of the market. The Crypto market isn't very mature so far therefore such manipulations become even easier with most of the investors always being worried about bitcoin being a bubble. I think most of the buying was obviously by the whales had their orders at that point, you might say money just changed hands from dumb people to the big guns but this is what makes market even more painful for retail investors. This occurred mainly because of the recent btc dump as a result of Elon musk news that tesla will no longer accept bitcoin as a means of payment.Many people did not expect that to happen in the market hence the reason behind the liquidations.Dips like this happened from time to time so stop loss is important to avoid cases like this.
Do you mean to say that Bitcoin fell much more with the news of TESLA not accepting it than it had risen back when TEsla purchased it? Because as I remember when Tesla purchased it price bounced from almost $39k to $46 reaching a new all-time high immediately but the fall was of 20k points? Doesn't seems too realistic to me. |
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Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?
I'll tell you a basic mechanism for trading alts. 1. When we are into a bull run scenario which means breaking newer highs and making higher lows then always stay in Bitcoin most of the altcoins don't move with BTC at this time it's only BTC that takes off at this time. 2. Whenever you feel that this is the end of the BTC bull run or it has slightly stabilized or even fell a bit. It is at this time you should buy alts because when BTC will retrace back upwards alts will come with it this time and come at par with BTC 3. After BTC has become stable and is trading in a certain range it's alts time now. Always stay in alts they will definitely pump one by one at this point in time. 4. Whenever BTC starts falling never trade alts, they will fall at an even higher speed but when you see it's BTC bottom buy alts because they will retrace back at a greater speed. PS: These are general guidelines for trading alts what I have seen from two previous bull runs but please do correlate with respective alts charts too because the price movement in them would be as per their own charts, not BTC charts. Also exceptional movements due to news or other reasons is always possible. |
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I'm planning to buy a new car this summer. Not very sure of what I'm going to get, but I have no doubt about what I'm not going to get. I'm not going to get a Tesla. Never. Wouldn't even accept a test drive.
Hey, BTC's falling hard this week, and the guy who started the fall is Elon Musk, Tesla's manager. There's just no way I'm going to spend my money with the guy who's destroying my savings.
All bitcoiners should blacklist Tesla cars or any product or service coming from a company owned by Mr.Musk.
Haha there is one thing that I like about people it's that they take a lot of things personally which could ultimately hurt them at the end. You know instead of never buying Tesla Car a better option for taking Revenge might be to buy Tesla Car for cash and then sell it for BTC. Elon Musk is a confused creature. He himself once tweeted for his own company that Tesla shares look pretty high priced. First of all, I don't really think it would matter to him even if we all as a community swore never to buy Tesla because we are too small to give a significant hit to their revenues anyway. But yes a better thing you can do is to do this same thing on Twitter by tagging him or probably we can trend this. This might catch the attention of the Tesla PR Team. |
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When a crisis arrives, central banks usually say that they will do whatever it takes to solve it, which usually means ridiculous amounts of money being printed a large amount of debt being bought. The traditional banking system "multiplies" the effect as a result of the fiduciary system (you can lend more than you have).
With the new digital central currencies such as yuan, euro, dollar,... anyone could potentially hold an account on a central bank skipping the intermediaries. I think that this will have a negative effect on the ability to cope with further crisis by monetary policies. The risk should not be ignored.
Not only difficult it would make monetary policies essentially useless. If the monetary policy won't be able to control the flow of money then how can it even be called a monetary policy? But talking about crisis time, in Bitcoin we are talking about a self-balancing equilibrium which means there shouldn't be any crisis in the very first place. But even if there is one it is very difficult to predict the consumer sentiments at the time of such a crisis? in Fiat we generally see lower demands in the market, but in the bitcoin-based economy, the demand is not bound to go lower as we are already in a deflationary style economy. It's really hard to imagine what a crisis in cryptocurrency time looks like. |
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Don't you think the question itself is quite wrong? Do we only need protection against inflation? I mean if the intent of investment is to merely get protected against inflation then even a Bank term deposit could help you with it. The question is to maximize your returns and we have the best data charts and historical analysis to tell that Bitcoin has proven to be the best asset with the highest returns ever. Not just bitcoins but many other cryptos have given even higher returns than bitcoin has given. So if our intent is merely to get a higher return then just throw your money in any undervalued crypto and let the magic happen. The best thing you can do is HODL or otherwise some positional trading by averaging yourself on every major dip. What is the need to read any such lengthy paper I don't get it?
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First of all I think it's because of China's ultra strict make in China policy. When they don't even allow giants like Facebook or Google to operate in their country what makes you think they would allow bitcoin to flow freely? Their idea of communism is essentially to curtail anything which could be used against their national party in future. Bitcoin being uncontrolled by them gives them sleepless night that there is something in China that they don't control. Which is why they ended up banning it. About Mining we all have had numerous debates as to how net effect of the energy used to mine Bitcoins ends up to zero. If they are so concerned about electricity only why don't shut computer systems of the entire country then? Mining is bad for environment is the worst excuse one can put for not using bitcoin. If we go by this even heavy gaming is bad for the environment isn't it?
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We exited the bear market earlier than everyone expected. The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market.  I think such sort of scenario did happen in the previous crash too when Bitcoin went from 19k to 8k once again in just a few weeks but then it retraced back good even went up to 14k but yes largely after that time we largely traded in the range of 8-12k. I think on similar lines we might get a price surge from here and then we might come down gradually and stay in this 30-35k range this time which is almost 50% from the all-time high and yet not below the previous all-time high. But if we go below the previous all-time highs, I would be really surprised with bitcoin as an asset. |
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Everyone and their Mom seems to be filing for a bitcoin ETF in the US. Is it really going to happen soon?
Some of the filings are by big traditional finance names that I assume have good connections at the SEC (e.g. Fidelity, WisdomTree).
Most seem to think Gensler will be better than Clayton, but I also hear Gensler could be a tough regulator.
(had posted this in Marketplace, but maybe Beginners is more appropriate)
It has really been more than 4 years that I have been listening of Bitcoin ETFs coming on US exchanges but there hasn't been a lot of success with this. I do believe that even though it's inevitable it's not going to happen soon. Seeing the volatility if these ETFs come mainstream many investors would lose a lot of money in the crushing volatility that the market currently has. But I see one major advantage of ETF which I don't think a lot of people think off. It's that the power of the institutional investors would compete with the power of the bitcoin whales, either this will make the market even more volatile as they compete against each other or might make the market much less volatile as regulations would kick in too. |
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What a big reckless mistake by BlockFi. Even though I am sure this must be the money of some fellow customers only but such types of mistakes and that also in the world of cryptocurrencies where each and every transaction would have a trace forever is sheer stupidity. People who have withdrawn might be situated in different corners of the world. How the hell will they manage to file different legal suits in different countries of the world. Moreover, there might be a few countries where there might not even be any legal knowledge on Bitcoin. I think they have made a mistake that could lead them into liquidation because the amounts I see are really too hefty.
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Because the market is highly unpredictable and moves with trends, different market conditions can result from different trends such as – A remark from an influential individual or a political decision that prompts a certain kind of action among other large, medium and small HODlers. If it is a positive market trend, it will result in a good market condition that may cause a “bull run”. If it is a negative market trend, it may cause investors to become bearish and some may quickly liquidate their crypto assets or convert to another coin for safe keep. This action will cause a temporary or a slightly prolonged decrease in the value of a crypto and if this slump in price continues to like 10-20% from its former ATH, it is said to be a “bear market” somewhat close to what we are experiencing currently. When there is a bear market, it is often common to hear among crypto enthusiast to “buy the dip”. Though it is a very profitable strategy or scheme to buy the dip and wait for the surge, the probability of loosing is not completely eliminated as the dip can get deeper afterwards and you run into looses even after buying the dip. The aim and objective of this topic is to point out some strategy and key things to remember during a bear market in order to safeguard your portfolio. Some are; (1) Waiting and trying to pick a point in the dip that you believe is the bottom before investing is very risky as the point you pick might not be the bottom, perhaps just the top of the bottom. Adopting the strategy of investing specific amounts of money into your portfolio over time is advised. This ensures and helps you to avoid the temptation of putting all your money into a portfolio with no certainty. (2) There is usually a lot of fear among HODlers of cryptocurrency during a bear market, it is very important that investors/HODlers during this period should think long term, because the temptation to sell will be there. (3) if you are too bearish and don’t have the confidence to remain in the market, simply convert all your portfolio to a stable coin or cash and wait for the market to recover before you join back in. References https://academy.binance.com/en/articles/what-is-a-bear-markethttps://www.nerdwallet.com/article/investing/how-to-invest-during-a-bear-marketTo the best of your understanding, feel free improve on this topicAnother important thing I can add here is short selling. Some people especially those who have always traded in spot. There is a magical feature of short selling available in futures trading. If you want to earn money in this bear run open your futures account but make sure you don't take any leverage. Trade on long and short just like a normal spot trade. Don't leverage at all and you'll be able to earn in this type of market too. Basically the idea is to always trade with the trend. Spots trading won't give you that features which is why most traders turn into investors during bear run but the better way out is short selling |
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They are not becoming the new shitcoin, they are the new shitcoins, and to sincere, my love for vitalik grew more after what he did, not saying I don't feel sorry for those who must have lost a lot of money on this new set of shitcoins, but they should have known better that putting money in a shitcoin is a gamble with big risk.
And to see how dumb this developers are, they wanna burn coins and choose the address of vitalik to burn the coins, if I was vitalik, that would be an insult to my person and would have done the same thing vitalik did, vitalik already knew that this tokens aren't gonna last long and they will all return to zero, so he's probably protecting he's wallet from hodling trillions of shitcoins with absolutely no value in the future, so he did the right thing by sending those funds out of his wallet and using them to help humanity while they still have some value, this will serve as a lesson to this developers and also to those who think investing in meme coins is the best way to make money.
I am not sure how much help they would actually be able to do of the humanity. First thing the crypto indian fund isn't really realising them as quickly as they should have which means the total supply might not get realized even after Covid is over. On the other hand if they try to realise it immediately they won't even get around 2-3 million for all these coins. So 1 Billion is just a hoax value which was created on that time's market price. Market price has falled already so much and would eventually fall further when these tokens come to market for sale. |
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Even if I connect the dots and think of it as a global conspiracy against all of us. The only solution I can think of is like HODL? That's all. One of your theory which suggests banks want to see Crypto investors in red then why didn't banks waited for enough crypto customers to get onboard before they made a crash? As far as I can remember they started giving this option only after we were quite below from 64k. And I don't think a lot of investors would have joinedd in this short time. Moreover even a child could tell that it's not China who is influencing this definitely. China has banned bitcoin for like 100th time so people don't care about them also in the past I have seen a lot of pumps coming after China ban why was it different this time?
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