It all started so innocently. Why not give crypto a try? All the guys at work are talking about it. Shitcoins, ICOs, Tethers, Smart Contracts. You wanted in. It was the Next Big Thing, you fucking idiot.

So you put a little money in the crypto market in 2018. How do you feel today? Portfolio in the red. You don’t even want to look at it. Hodl, they all said. It will come back after the FUD, they all said. And now you’re numb, and depressed, and can’t even afford a bottle of Jack to drown out the pain.

You’ve learned (hopefully) that hodling is bad.

Hodling is like prayer. A lot of people may believe in it, but it doesn’t fucking work. Your assets aren’t protected by God, and they do not respond to the intensity of your beliefs. No matter how hard you believe, crypto-assets just do whatever they do. The market and the universe remain indifferent to your convictions.

In the world of poker, there’s a saying: “If within the first 10 minutes, you can’t spot the sucker at the table, it’s you.” So you’ve been pwned by crypto, Mr. or Mrs. SmartyPants. Somebody else is having a nice Christmas this year with your (actual) money.

But every failure is a learning experience. Hopefully you’ve learned something too. Most successful investors eat shit at the beginning. You know why? Because the ones you’re trading against have already eaten it, and they know how to avoid the same mistakes.

Stop Wasting Your Fucking Time

The biggest mistake most amateur “investors” (actually gamblers), make is to fail to value their own time. Like that guy at the office who always boasts that he’s up big money at the weekly poker game. If he had been installing Ikea furniture in his spare time, he’d probably have more money, and at least not be in liver failure from the constant drinking. This is not an investment strategy. It’s just work. In the gambling world, they call it “grinding.”

At a certain point, having more money doesn’t buy you the one thing you will continue to value above everything else: your time. This is precisely the difference between an investor and a gambler: and investor values their own time. A gambler doesn’t. Now, if you’re a degenerate fucking gambler, please, continue to check the crypto market every 5 minutes, and hodl like your life depends on it. There is always an inside straight that you can draw towards.

Go ahead. We’ll wait.

3 Kinds of Stupid

I don't like to generalize, but I’m going to do it anyway.  I think that there are essentially 3 kinds of people in the crypto market right now: Hodlers; Panic Sellers; and Traders.

Despite what you’ve read on Reddit, it’s not really a complicated science. Why do you think Wallstreet is run by a bunch of frat bros who could barely balance a checkbook before they were entrusted with a slide rule, your grandma’s pension fund, and a fat baggie of Colombian cocaine? Trading is fucking simple. Buy low. Sell high. Rinse. Repeat. The less emotional, the better.

Trust me, I’m an economist. We’re never wrong.

Because it’s not a complicated science, I made a simple backtest that shows the difference between a holding "strategy" (that's not a strategy) and a super simple trading strategy (ie: an actual fucking strategy). I didn't consider panic sellers simply because they’re idiots, who never make the right decisions. Never panic sell! Actually, do not buy crypto, fiat, or stocks if you are driven by fear. And most people are driven by fear.

My assumptions start from an investment of $13,000 made in January 2018 when BTC-USD price was $13,000 and therefore you would have had a balance of 1 full Bitcoin. Awesome, let's see how the two investors would end their 2018!

Holder (I really hate the word Hodler as I really hate your species):

You’re basically a flat Earther, Tesla Model 3 loving, over-paid, under educated, millenial dumbass. That’s you. You lost 76% of your capital in less than a year. Good job, idiot. Go on Twitter and tell your friends to do likewise. Maybe next year will be the year. Or not. Delete your account. 

Trader:

It's been a hard year, but you made it. You have a strategy that includes stop-losses and sets a profit appetite. You set 10% stop losses so you sold your BTC when the price was $11,700. You bought again when the price dropped to $10,000 so you had 1.17 BTC now (still not profitable but better than before, right?). So you felt confident and kept placing orders to sell and to buy strategically. If you did as I did, you should find yourself in the table below.


Yes, I am 10.97% up right now. Yes, I made profits during a bear trend. Yes, I am not the only one (whoa!). How I did it? I spent no more than 10 minutes per day in front of my laptop and used a trading bot to place orders as I wanted. "As I wanted" means "as I meant to trade" and not "as a friend of a friend told me when I was drunk in a pub".

Managing your wealth these days is a question of doing simple homework, and not listening to bullshit.  Stick with a strategy, do not panic, and (especially) have the right technology to execute it all. If you think that you can outsmart Goldman Sachs with your excel spreadsheet downloaded online and suggested by an investment "Guru", I have a bridge to sell you. Anyone who sells you their investment advice isn’t smart enough to play the market themselves. You’re the one getting played instead.

In 1613, my hero, and the first real economist Antonio Serra said that the quality of people is one of the key factors that will determine the wealth and poverty of a nation. The quality of the people is mainly determined by their common sense and by their ability to survive during difficult periods. You, holder, are the ruin of a beautiful ecosystem. You are the curse of Bitcoin economics. You, holder still have time (maybe) to change your stupid mind, even just to try and to demonstrate to yourself that you can be smarter.

STOP HOLDING, TRADE.

I love you.

Do you prefer to use limit price or market price when doing crypto trading? What are the pros and cons?

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

Hey guys,

I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern

For my complete analysis check my YouTube video : https://youtu.be/XUyoGTJH8FY

The dynamic situation of cryptocurrency these days in general responded by three ways: selling panicly with the risk of cut-loss in order to save the remaining assets from more fallen, hold the assets and playing save by not doing any trading activities, and view the phenomenon as a diamond chance then buying coins in huge amounts of investments while the prices are low. Of course, those three ways are logically humane and each has their own pluses and minuses.

I am intrigued upon the first two: panic selling and postponing from trading.

On doing panic selling, ones tend to sell their assets in the price lower than in the actual price. The main goal is to sell their coins faster to save themselves from the worse situation, without consideration upon the impact of their behaviour towards the market in general.

Meanwhile, ones could also hold their assests and postpone from doing any trading activities, in order to keep their assets safe and even maybe went on hiatus from digital assets bussiness while waiting for the bullish days to be back. They don't want to sell their assets in low price, but the act of not doing any trading is logically also has impact in general. At least, it is contributing on slower the trading traffic.

In your opinion, which one is the worse way among the two?

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put a good chunck of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet?            

April 1st signaled the start of what seemed would be yet another bull run… however, the rally seems to have been cut short without getting close to the all-time high.

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go down in each correction, or maybe even back to the $3K range?

To me, the utmost goal of a hardcore hodler is to accumulate bitcoin, as much as possible, always managing your risk level.

With that in mind, the smarter way to hold bitcoin is to sell it when prices start going down, only to re-buy a larger quantity when prices stabilize at a lower range. Then, with the same capital, you increase your bitcoin holding every time prices drop.

That is what I'm doing at this point. I'm using a strategy a few friends and I built. The strategy seems to be very good at predicting big downward market moves, giving a sell signal early on, as the move starts developing. It also indicates when you should re-buy. Backtests show amazing performance in 2018 (549% ROI in BTC) and 2019 (106% ROI in BTC). Current live trading experience is quite short-lived, but we did catch the fall of September 24th, with a 26% ROI in BTC in a single trade.

The strategy is explained in this article recently published in Hackernoon: How to Increase your Bitcoin Holdings in a Bear Market - Part I

Sure it's impossible to say but still... after yesterday hearing i really don't know what to think. Used to be sure Libra entry will boom the market once again but it looks like Libra's not coming shortly.
Is btc halving the most promising ''event'' we are looking forward to (at the moment)?

21 million cap in my opinion is not about scarcity and price but instead it is more about having a clear maximum supply and a clear predefined plan for distribution of that supply. this design was specifically chosen to fix the problem with fiat system where there is absolutely no cap and no predefined plan of supply creation. the government can print as much money as they like and that causes inflation among a lot of other economical issues.

as a side product of that, we get the scarcity and with a limited supply and an increasing demand we get the rising price. of course it should not be forgotten that the demand is an important part of that rise otherwise we have altcoins with much smaller supply that are not only worth less than bitcoin but they are losing value as time goes by even though they are supposedly scarce too.

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis. 
 Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

Searching across the web. A very interesting Chart has come to my notice. I don't know who has analyzed but it says a lot about the story of bitcoin so far in a very large time frame.




The thing is on one side it is hard to digest this as we have seen a long bear phase and a lot of fake ICOs shit which has almost lifted the trust of people from this cryptocurrency market as whole. However, this analysis couldn't completely be neglected because we all know 0.5 retracements hold a pretty sacred place in every Technical Analysis. Maybe the waves don't count up it can be a correction downwards. But the whole trend line is still.

Disclaimer: This chart is shrinked a little bit to prove the point if you go to trading view you won't find a chart exactly like this one but the highs and lows are all correct. Better see a logarithmic chart for better similarity.

Trading is much more than just signals. It’s a life.
This is a theard for discussion about the risks involved in using trading signals that have become common in cryptocurrency trading. I would have posted this in Trading forum, but it’s more important that newbies see this. Knowing that after a few unsuccessful investments in cryptocurrencies, using trading signals seems to be the only ‘certain option to profit in the crypto world’. But this comes with huge risk. Risks that these ‘trading professionals’ won’t tell you about.

I already posted on a different forum, so I’ll be quoting the post here so I don’t get tagged for copypasta.

The only place I think altcoins has a future in is gambling, normal gambling but first and foremost e-betting.I can not see how it will take over  from normal currency's in the world of buying or selling any other goods then btc. The main reason I think this is that nobody wants to be that guy that bought two pizzas for 10000 btc 5 years from now, so i cant really see what else it has a real future in. But that is only my opinion, What do you guys think?

Is there any Impact of AI technology in Trading?

Is there any Impact of AI technology in Trading? or can it automate the trading process? IMO AI is not producing any benefit to humans because using the AI many companies will build robots and the need of humans will be ended. There will be no need of humans anymore, the unemployment rate in the world has already increased too much, & do you know that the salary you are getting paid is just nothing? $8K-$16K per month are even nothing to anything. The minimum salary a human may deserve should be equivalent to the cost a human pay to save his life in the hospital. Maybe AI can reduce the cost of operations but it does not resolve the issue yet, because the unemployment rate has been increased too much. Can you decrease the unemployment rate using the AI technology? or Governments and Banks should pay free money to the people who are unemployed? My question is that if AI automates everything in the future, so there is no need of employees left then how the people will be getting paid? as everything will be done by robots?

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

I notice that some experts doing online trading journals just show you all their wins, and they hide their loses and anything stupid they did to lose money.  What traders out there sharing their daily trades are The Real McCoy?  I am sure that ever super traders make super stupid mistakes, then they just do not want people to think they did anything stupid. Where are their big loses at? Why do they only show their wins?


The Real McCoy

The people manipulating the price are becoming too predictable now. They trigger a massive drop in the price and people follow like sheep and start

dumping some coins. When the price drop between $600 to $1000, they quickly start buying again to turn things around and then they just wait for

the price to recover slowly to sell at a $600 to $1000 (per coin) profit. Rinse and repeat and you smile all the way to the Bank.    They make

sure not to make the price too volatile, because that would scare merchants and it will hamper merchant adoption. So, how low are we going this

time around? We saw $3000 in January and we made some good profits at $12 000... The 2017 buyers made some massive losses on the coins that

they bought at the all-time-high (ATH) of $18 000, so I think it is time to reward some of them with a recovery to $20 000. 

Hi guys ! Thats a question i do to myself very often , and it always looks like the right answer. My main coin for now its XRP (like 3000) and a very few BTC (0.005).

I hold XRP from long time but i see BTC price raise a lot and XRP don't do much. They have a consolidated project but no matters what BTC price its still mandatory.

So the question is , should i sold like 2500XRP and buy BTC when this one have a price drop?

I know its something i had to decide myself , just looking for what you guys think.
Thanks!

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?