To increase Bitcoin community we need it, because when Bitcoin ETF approved alot of people and investor will more interesting about Bitcoin. Currently about 1% know and make invest in Bitcoin and by Bitcoin ETF approved so more people wil jump in to Bitcoin and crypto market will be bigger and explode.
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Many expert and youtuber has prediction the total of market cap will be going up to $20 trilliun in the long run, i think this is can be become reality because currently just alittle bit people know and jump in to crypto, and also crypto market still young so in the long term very has potential to be boom market.
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We should be have knowledge about margin trading because in the downtrend of crypto we should be short the price in the margin platform trading. Dont trade on spot trading when the market crash and move the money in to margin trading and others different asset. Metatrader platform is good platform to trade crypto and others asset with leverage and margin because this platform available alot of trading tool.
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I just heard about this futures trading exchange, since Bitmex earned alot of money so there are others similar platform launch on the market. Currently i just heard about Digitex platform, and they was created their token to support the platform by offer free trading fee. One thing that very important in futures trading platform is they offer low leverage 1 to 5x , and not offer minimum 10x leverage, also they should be has feature of stop loss and trailling stop.
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Dont do it because cryptocurrency is has category of high risk investment, and there are alot of others kind of investment that has lower risk. Although crypto promising high profit but the risk also very high, for the better use only 1% or 2% portfolio for crypto, and avoid greedy when make invest in crypto.
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In my opinion margin trading nearly the same with gambling, and we have small chance to make profit. So as beginner trader i avoid it and more focus to trade on the spot trading, there are alot of different asset to trade in spot trading, like crypto, stocks, gold, ETF etc.
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Not like others exchange, Bitmex is complicated to use, we should be input the amount of the contract according and match with the leverage and the balance. I think its more easy to trade crypto with margin in Metatrader platform, but the good thing with Bitmex is they has lower spread.
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We can not avoid price manipulation and pump dump in crypto because the samething also was happened in stocks market. This is just apart of natural emotional of some trader and whales who want to make alot of profit. The crypto market will bull run because currently the volume and the total market cap very low compared stocks market, and crypto market still very young and has potential to keep growth in the long run.
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For spot trading Binance is the best exchange for day trading, and for margin trading Bitmex is the good one. Both exchange has high trading volume and offer low spread between bid and ask price. Both exchange also has feature of stop loss so trading activity will be more safe.
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ADA is consist of too high supply, and between above coins i prefer to chooce WAVES and ETH, and others coins is Bitcoin and XLM. I was put my money more in Bitcoin cause the price has more potential to going up than altcoin. According to reasearch the total circulating supply of Bitcoin decreased because many holder loss their private key, and with more limited supply the price will more easy to going up.
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We can predict the coins will pump by to see the volume increasing and also we can predict that from the candlestick pattern, bullish engulfing pattern is one of the signal for coin that will pump.
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I want to have all tool for crypto trading the same like all tools that available on the Metarader platform, like stop loss and trailling stop automaticly. Current my problem in crypto trading is can not use stop loss and take profit limit with the same times, so sometimes i miss better profit when the price reach target profit, because when i use stop limit for stop loss , i can not set take profit limit.
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There are alot of media channel that give news update about crypto, i was subcribe some website like cointelegraph and also i copy the widget of that website to my blog so i will never miss update about crypto. Other than that, so many others media offer news about crypto via telegram channel and youtube.
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Very hard to predict how high the price of coin will going when up trend, there are some coin going up more than 300% just a few days, and when we take small profit we will miss that bigger profit. My idea is split the take profit, first take profit by 20% and second take profit by higher percentace. To avoid greedy we should be have target profit by monthly, trading without target profit bring us to emotional and greedy.
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When the price going up so fast so the price also will going down so fast, because that not natural price action, with low market cap Bitcoin still possible to pump and dump so its better dont chase when the price on pumping. And if we want to take risk by chase the price do not forget to use stop loss to avoid loss when the price dump.
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I think currently more than 80% of trader and investor loss money in crypto, but we will not loss after sell it. We should be not trade under emotion and keep holding while waiting for next bull run. Bull and bear is always changed so we have still chance to recover loss if we have enough patient.
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Not only DASH was dumped hard but all altcoin has been going down to 80% to 90%. Because the trend of market is down trend and crash. I think the crypto market crash because many investor and trader found others investment that more promising and more profitable than crypto, so they quit from crypto.
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I want to add one thing, never forget to use stop loss whenever buy anycoin. Because this mistake will bring to loss much money, this case is my personal experienced in trading activity, i idid not use stop loss and i can not handle all open potition so the price keep down and down and finally iam loss much money.
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500x leverage ?? That too high leverage, i did crypto CFDs trading on the Metatrader and that broker only offer maximum 3x leverage. Others platform margin trading like Bitmex offer maximum 100x leverage, so 500x leverage that will be very high risk in margin trading and you will never win.
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I did day trading too and everytimes i have to check price of each crypto, from wake up times on 06.00 Am to 10.00 Pm i always check the price and doing trade. But iam happy to do that cause i can be own bos and i can set target profit by self. Now i will more focus on spot trading in the crypto market and also stocks market, and i prefer to avoid margin trading because seems too risky.
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