Are you into trading? What coins do you like to trade the most and what's your trading startegy?
If I am currently trading, and the truth is that the only currency I am trading is with ETH, Monero and LiteCoin because I know that Litecoin will go down at any time. From the rest, I start trading Bitcoin with Bitcoin, taking advantage of the important movements that take place to build positions, that is my strategy. Many times I do not enter the market, simply because I do not see safe tickets, the market sometimes does not give me tickets according to my analysis and I keep out, it is preferable to do so, so as not to lose money.
|
|
|
If we look some previous day we can see everyday must pump one or more than one coin. And if start to pump then It continuously cross 50%-100% even 200%. So I want to know how you earn a lot of profit in this market? Have you caught all pumped coin? If yes Then please explain here so that we can earn profit also.
In a bullish market, my strategy is very peculiar, it consists in seeing with what volume the price went up, if the volume is very high I build my position towards the downside, because I know that a correction will come, and in that moment the correction occurs. some altcoins because I know it will be cheaper, this I do when I have the conviction that the market will become a bullish trend, otherwise it is not bullish, as the market is now, which is a long accumulation phase, what I do is wait for an important movement to react and build the position.
|
|
|
If you have money and time, the best thing you can do at this time is Invest, because the market is in a special phase to buy and hold until the bitcoin takes its bullish trend.
Many speculators do not invest, they only follow the direction of the market, if you want to be a speculator you must understand the market to see which direction the market takes, you can choose an altcoin or altcoins to study them and be very careful when operating.
The dangerous thing about speculating in these moments of the market is the hard volatility of the market, it can go up and give a very strong fall, difficult to recover, but it is very normal.
If you are willing to wait a long time, months, years, then buy and hold until bitcoin rises, otherwise learn to operate in the market.
|
|
|
Serious discussion please.
Obviously some alts can have significantly bigger gains than bitcoin when it comes to long term and bull runs, the last bull run from 6k to 10k for example, sure bitcoin was strong, almost a 2x but some of the top alt coins did more than a 2x even 3x. However that's only long term.
Short term I don't see any reason to trade anything other than bitcoin, especially knowing how little volume some of the other coins have, even top 10 alt coins, for example stellar only has 33m volume. So my question is, what's the point of trading stellar, for example, instead of bitcoin? You know that even if you are a whale and trade a lot, you wont be moving the market as much, if you have 1m and you trade stellar, that's already huge and we all know the 33m volume is probably not even real, a lot of it from bots trading.
It's also much easier to follow bitcoin because, well, the whole market follows bitcoin. Bitcoin dictates where the market goes.
You are absolutely right, the bitcoin is what dictates the market. All Altcoins depend on Bitcoin, either directly or indirectly, this is due to the number of operations that are generated every day. Stellar represents an altcoin that also depends a lot on the Bitcoin market, and it is logical, because whenever there is a price fall, Stellar goes down, like all altcoins, so it is very difficult for an altcoin to have a life of its own without relying on bitcoin . For this reason Bitcoin will always be the number 1, the only way that any currency can compete is that it has some kind of support and liquidity, while the market continues as it goes, can hardly dethrone Bitcoin.
|
|
|
When did you start trading? And share me some of your experiences as a trader? Your failures and improvements. By the way I am new to trading and I want to learn a lot of things about it ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I started trading for more than 1 year, and I got carried away by the youtubers and the technical analysis of many, I even learned to use many indicators and make many triangles and stripes, the graphic looked like a kindergarten notebook. Then that did not help me at all, because I lost, then I went to groups of signals and the same, always lost because they are based on only technical analysis and do not analyze the market from the right perspective. Then I read many books of Wyckoff and Livermore, I did a training of a YouTuber called Aaron Luján, and my losses stopped, and I already understand the market.
|
|
|
Personally I think that what I can do if bitcoin is not bullish this year, is what I have been doing, see that altcoin can have better growth due to the time and invest, and trade with the first 5 CMC coins following the line of less resistance, to take the direction that the market directs and to begin trading operations taking strategic positions to establish the obtaining of benefits.
|
|
|
I think that one criterion to choose altcoin is to place the first 5 altcoin in CMC, from there you can see the main characteristics that they are:
1.- High Market Capitalization. 2.- They are coins with a fully mature development. 3.- They have a large community that supports them. 4.- They have a student structure due to the history they have.
I think these reasons are far above nascent projects that are not bad, but are unreliable.
|
|
|
In his own reddit AskMeEverything page, https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/He answers about cryptocurrency stating “The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Government’s ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.” He isn't wrong in his sense, if the cryptocurrency is to have a future, they should be able to create an environment of trust between themselves and the authorities. It seems to me that Bill Gates should start believing that the achievements of other people he bought them to patent his brand, this is something that has no impact on the Crypto world, as he is not a Bitcoin investor, and I think he lacks much criterion, because although bitcoin and the altcoins do not have any support or liquidity, they present a high degree of market capitalization, also a high participation of the speculative market, where a lot of money is moved 24h, where companies, people are making transactions with bitcoins It seems strange to me that a person who is a precursor of technology says something like that, maybe he has not been able to buy all the blockchain miners, and I think it will be impossible for him to have the blockchain control, so I think it's easiest for He is criticizing and making bad publicity, it is the weapon of people like him.
|
|
|
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F8cGBNx2.jpg&t=663&c=N8cmkyyqd3GUcg) I got a mail from Kraken Exchange notifying me of their intention to delist Bitcoin SV, It seem the Craig stunt saga is not going to be "forgiven" easily and we are yet to see the end of it. Binance did a de-listing already..Kraken actually ran a survey to see people's opinion before taking their decisions and results are shown above. The crypto-community made a decision, say no to no intimidation and centralization. The points to be noted is that Satoshi is a wise man, wanted a bitcoin whose future is determined by the community, not a single individual (as with BSV's Craig), that is why he chosed to remain anonymous. If Craig falls, BSv falls, not so with bitcoin. We are all Satoshi and we all have a say in the bitcoin. This is correct, I also received the same notification to my mail, and that is that this was coming because the moment the FORK happened it was seen that everything went wrong. A FOrk will always be applicable to Bitcoin, never to a currency that comes from a bitcoin fork, it turns out that it has neither the history nor the structure to have done that, now the consequences are disastrous and it is also very painful, because from the professional point of view, this person will not have any support or will not have credibility in the Crypto world, since it is considered a total failure and a painful act that of all the Exchanges of Level 1, they disregard it.
|
|
|
I think that right now in the market, what you have to have is patience and have a lot of restraint with our investments, many projects may seem to fall apart, but it is inevitable that some put bad news and cause panic.
It is very normal that in this phase of the market these events occur, because in every accumulation phase the market prices are low, in the case of projects, alternative cryptocurrencies, tokens may go down in price, but they will have their moment when the market that Lead Bitcoin start taking your bullish trend phase, since the recovery will be imminent and new investments will begin because people will start to believe more.
|
|
|
What bothers you the most is that you take advantage of something so important that it is the blockchain technology and the projects and the kindness they offer to make progress happen. Many times I have been in disagreement with the rules for some ICOS, but seeing it from the point of view that now if rules are needed to be able to do things right and this must go from the creators of the projects to the bounty hunters, that is why I am very I agree that the new regulations of the ICOs become STO, and that they ask for all the KYC that are necessary, just so that they do not continue to tarnish the good intentions of the people who really want to work, I believe that a group of corrupt and swindlers they should not have cavida in this world of cryptocurrencies.
|
|
|
This thing came up to my mind suddenly. As I know a currency is a transaction medium that majority of the people agree to use to exchange their items with them. If it is the case, if majority refused to use crypto currencies, what will be the consequences may occur ? And how it will affect to the ICOs ? Any Ideas?
I think the only consequence is the time, yes, the time it takes to start learning to use the benefits of cryptocurrencies, because it is obvious that the economic trend is going there, and those who do not fit quickly will simply enter the train late. of progress. Today we are in a society where information is everywhere you go, on the Internet, on TV, on the radio, I believe that the Crypto world will not suffer if people do not adopt it quickly, only people who do not adopt quickly, many believe that the same transactions will always be executed through banks, through third parties, but when we begin to know that their money can only be handled without intervention, people will join quickly, I think that's where There is the nucleus of understanding to make it happen.
|
|
|
Do any of you have plans on how you'll eventually spend your crypto? I'll be using Zeex ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Their protocol lets you to buy gift cards directly with crypto and spend them with major retailers like Amazon, Starbucks, Playstation etc. with no fees. And they're backed by their sister company Zeek, which is already the biggest gift card provider in Europe, so the platform will be up and running quickly after their token sale. Here is their website if you're interested: https://www.zeex.me/Actually my plans to use and spend crypto are different, if I have some altcoins, I'll wait until the bullish trend phase starts in bitcoin to see how much the altcoin raises and can get it to buy bitcoin or take it to USD, with the intention to reinvest, and have money movement higher and higher, since this I see as a business where everything can happen quickly and unexpectedly. This is what differentiates the stock market from the speculative market of bitcoin and the altcoins, since volatility always generates scenarios where people must be attentive to their investments. I do not see as much as I'm going to spend but how can I reinvest one part and the other part enjoy it.
|
|
|
Ever since Bitcoin launched back in 2009, the rise of centralized exchanges has been inevitable. A few years later, and now the whole crypto market is dominated by centralized exchanges. While there have been many alternatives to the solution (such as decentralized exchanges), people are still performing trades at centralized entities. Now the real question is why this is happening, since after all, Satoshi intended Bitcoin to be free from middleman or third parties? Depending on an exchange or custodian, greatly defeats the purpose of true decentralization. Knowing how oppressive some governments are, it'll be easier for them to stop usage of crypto whenever they want to by just targeting centralized exchanges. Nonetheless, what are your thoughts about this? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) It is very understandable that Satoshi did not want this, he wanted everything totally decentralized, even the Exchanges, the main reason I think that there are these Centralized Exchanges, it is for the security that it offers to the Traders, the confidence and security that comes from having the Safe money and not being targeted for possible scams is what many operators seek. Everything lies when money is converted into Crypto Money Fiat, there everything changes, because it is when it is taken from the digital to the real. In addition, it relies more on Level 1 Exchanges, since many operators have been stripped of their balance sheets because they trust Exchanges without any type of reliability.
|
|
|
In my very personal thinking, I should never have made any fork of BCH, because for me the only one that applies this type of proceeding is bitcoin, it can not be otherwise because obviously they have neither the history nor the market structure that can backing up, and the facts speak for themselves, because it did not resist anything after the Fork there was. For me, everything originated from there, of course it is my way of seeing it and of analyzing it respecting all the opinions, but no coin that comes from a fork must suffer a fork.
|
|
|
Today Want to Ask , did Satoshi Created bitcoin to solve poverty issues or he created this bitcoin so solve financial transaction problems !! Is crypto a get rich quick scheme as people are putting their mindset into it ?
If you see it from the point of view as a business if, because a business people do not become rich instantly but with the work of every day, winning little by little, but safely. If you see this scheme like that, you may be very successful, but if you have a perspective that you will be rich overnight, it is really very difficult, because now the way that can happen is investing and waiting until the trend of the market in general change to bullish, which, as a consequence, will cause the majority of altcoins to go up progressively according to the development of the projects. But it is not trusting or entering the Crypto world, trading or participating in projects because you will become a fast millionaire, many who have tried to do so have lost everything.
|
|
|
Seeing market slowly recover then it is a good sign that there could be next ATH. So, while crypto is cheap.now, Do you think that it is better to invest now? How ready are you to do it. Are you going to invest all at once or make a succeesion of investment over a period of time.
Please let me know your plans and strategy and how you think you can earn from the market.
I think that the moment of investing started a year ago, because the stage of accumulation of the market that we are, can be very striking for many, because seeing it from the point of view of Wyckoff's theory is clear that it is. Many investors are looking for ways to buy much cheaper now, and the altcoins represent a bigger opportunity for safe investment, some are based on the CMC altcoins, but some investors consider some projects that may be financed by themselves. For speculators it turns out to be difficult an inversion altcoin, since they are always looking for the direction with the trend line of least resistance. This concludes that the best is now clear investment, with the condition of waiting until the market takes its bullish trend so that the altcoins begin to generate new benefits.
|
|
|
Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX.
But do you think it's really necessary to have so many stable coins?
As everyone goes crypto, I think the need to have stable currencies is becoming a necessity, this is because many times people can spend their money to USDT or Tether that are normally trusted, now there is a series of conditions that have to do with mixtures and not just USD, This suggests that more stable currencies will not be in sight as is tether, other currencies will not be taken into account in the face of a possible massive crash of cryptocurrencies, which , for stable currencies will be an easy resource for refuge from monetary resources that are not so linked to bitcoin.
|
|
|
Well we must wait if the new currency of Facebook will be a cryptocurrency or will be a token, for the market capitalization I do not doubt that it is high, due to the number of users that moves the facebook. And the money collection for facebook I do not see it necessary for the simple fact that Facebook has a lot of money, I think Mark Zuckenberg wants to experiment and not miss the game with the Blockchain technology, so it is clear that it can not replace or compete with Bitcoin because it does not have any millionaire support that establishes it, in order to compete against bitcoin, but it will use its technology to increase not only the stocks in the Stock Market, but it will also raise money, very much to be able to execute any action that it has in mind.
|
|
|
The value of top coins dropping badly again, the market is unstable everything seems to be complicated. The worst scenario of crypto continues again as most of them were believing that this time there will not any downfall but crypto market has different thoughts.
The market has shown facets that everything is in free fall and there is no support that can resist it, especially in the altcoins that are cheaper every day, some think and say that this will continue to happen, and well, there are many chances that will happen , because the stage of the current market is of accumulation and it is a stage in fact that can last a long time, each fall of Bitcoin represents a very strong fall in the altcoins, which, become cheaper and this causes a lot of concern in the investors . But do not worry so much, because the market in general will start to rise as soon as at least 70-80% of the bitcoins have accumulated, and when that happens, we will see that the altcoins will begin to recover and only those who resisted the storm will have to prepare to see when they want to sell, because the bullish trend will occur, it is not known when it will rise but the upward trend may last for years, the first phase of accumulation lasted from 2014 to 2017, we only have to wait until when the change in trend and improvement of the market may reappear.
|
|
|
|