Yes this can be one of the important reason but why the users were just reacting when they see the prices on an exchange or coinmarketcap they need to analyse the prices of different sites,so the full blame go to the lazy investors so the whales are using them as trap to bag good profits.
Exactly. That's why i don't really rely on just onr exchange since they don't have the same value for all the coins they have from other exchanges. I learned this a long time ago when it was still sensible to buy one coin from one site and sell it in another. |
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From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I dont know where you got your statistic most people here dealing crypto want to invest their fiat in hopes to double or tripple it via investing in btc.. Thats why we see price votality due to swings from demand and sell orders. Well most people want to invest their fiat but i think a lot would also agree that it's inevitable to use fiat in a lot of situations right now, like what you've mentioned. Many would like to see crypto take over but they also know we can't yet go on solely on digital currencies and transactions yet. |
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I won't do such crazy things. If I am betting for something, it will not depend on the money that offered. It doesn't matter how much we won for being a laughing stock. That's not worth it.
Exactly, this is so creepy! I would even say creepy is an understatement because I cannot imagine how someone would go to that extent because of money. Yeah, we might have seen people who could do this and I won’t be surprised, and there are some who have even done it without being paid for as it is what they want, but that is actually something very absurd and I wonder why someone would actually want to do something like that for money when there are things you can do to accrue wealth for yourself without being tagged. Well i'm sure there will be people crazy enough to consider this if the bets are high. Google could provide us with a lot of cases like this but yeah, i wouldn't even consider taking such bets seriously lol. |
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Well an old guy trying to force his way to a card dealer and getting thrown out by a bouncer seems pretty weird already to me considering it was a pretty big casino. That took quite the attention while i was there.
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I'll change the discussion somehow since most of you are talking about Lebron. How about DeRozan? do you think that this season is going to be his?
It is hard to predict but I bet he will be better off with Pops. Experience wise and also discipline, that man may change the way DeRozan plays and maybe give them a better game or better a championship game. DeRozan is really a good player. He just needs to be sharpened when it comes to team playing which he doesnt have much. Agree, playing with coach Pop will able to enhance his mentality, if he will able to adopt the system and blend well with his team mates, he can showcase his talents he just needed to adjust and play according to the system and become matured and enjoy the trade. I think if we are talking about coach pop and we are talking about a player of his playing good, we can be certain he will get most out of him. Maybe derozan will not be forced to play 40+ minutes to win a game like in toronto but he will still be a big part of the team. Coach pop is a firm believer of "team is family" and he will not ask too much out of his players unless it is obvious, he will not push them to death to get a W, he got his W already with 5 rings, he will make sure everyone involved is happy and loving their situations. I think derozan will have a great efficient year while still not putting too much pressure into his body. Well this time he may be able to get over lebron always besting him in the playoffs. Playing for a well established system like pop's would definitely make most superstar better and it a scorer like demar is better off playing with a good big man like aldridge. |
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I'm legit sick of hearing people talking about their dice strategy, or their blackjack strategy etc. There is absolutely nothing you can do to defeat the house edge on these games other than cheating, face it people, your strategy is bullshit, you just go completely lucky and you will get rekt eventually if you continue with your delusions.
Yeah dice is a game of streaks and whether people accept it or not, it's not them or their strategies that'll determine the outcome but pure luck. A couple of losing streaks could use up all your money with martingale. |
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This is the most common way in which inexperienced and sometimes even experienced traders lose money: FOMO. The fear of missing out, it taps into that part of your brain that makes you impsulsively spend money at the shops or get tricked into buying a time share by a salesman.
We witnessed the perfect case of FOMO in late 2017 when Bitcoin went on a rampage and hit $20,000 USD. Nobody knew when it was going to stop, it was possible that it could have gone way higher and then the price started to tumble.
I saw many traders angry they bought in at Bitcoin's all time high around $19k thinking it would continue to rise. At the time of writing this, Bitcoin is hovering around $6.5k (quite a drop, eh?).
FOMO trades will lose you money. It's possible you might get lucky and buy into a wave mid-way and get out unscathed, but there is a higher than average possibility that you'll lose money.
All coins eventually correct, it doesn't matter if it's Bitcoin or Litecoin: all coins eventually correct. Corrections are a normal part of any healthy market, it's unhealthy for something to just keep climbing in value.
Well i think it's ok to jump into a fomo wagon as long as you have a specific target. People have beem jumping to btc fomo.as early as when btc broke 10k is a short time and if some of them were intuitive, they would'vr earned a lot. Breaks of the game i suppose. |
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For long term hold my target profit is minimum 10 times profit, i was missing opportunity to make big profit last year which mostly all crypto going up to 30 to 100 times from september to december. That just 4 month , i think the same bull market will come later because total market cap of crypto is very low compared stocks market.
This will depend on our target profit, for me I'm also good with 10x higher than my capital so I keep on holding bitcoin and other good coins. Its true that the market last year is an opportunity to sold your coins/token but a lot of people missed that opportunity, and it includes me also. Time will come again and bull market will happen again, lets wait for it. Well you have to go for at least that if you plan on going long since you'll be using a lot of time for it. Though i think there will be less high shoot ups for prices like 10x or more these days unless you manage to get in on a successful ico. |
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technical analysis helps a lot in terms of doing trading I got a friend who help people who wants to trade and with his ability to do some technical analysis his trading works so it helps a lot.
yes analysis do somehow aids us to do trading ( whether it is technical or not ) but analysis alone cant bring you a sustainable profit due to the reasons that cryptos are totally unpredictable which means there is still a posibility that the movement of the coin will reverse or wont go in a right direction as stated on your analysis . if you are unlucky , you can still experience to loose no matter how many analysis you do . Well practicing t.a can help you get a better grip of how the market moves since it'll require a lot of study of different market situations. It helps but ultimately, with a market as unstable as crypto, itks not as accurate as those of stocks and forex t.as |
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I heard almost everyone are using bots these days
not really! i have a trading bot but i only use it for specific tasks or strategies, i don't really use it for trading per se. and you don't NEED a trading bot to trade and make profit. you can use the web interface of the exchanges to trade anything you want and still make a lot of profit but as long as you know how trading itself works. a bot is not going to even be useful if you don't know that already and don't have at least some trading experience. Exactly! One thing about this market is that with a very great knowledge, you can always do your trading all by yourself. Asides from day trading, you do not have to spend your whole time in front of a chart as you can easily make do with swing trading patterns which can be quite effective for those who may not have much time to dish out for trading. However, it is still not a bad idea though, if he still wants to use bot, since he already know some few details needed to know, but my advice would be to use something that has been very well used by high esteemed members and not just some rating given by some newbies. Yeah, bots can be really convenient when you have limited time to check the market from time to time but in general, it's still better to have your own input and reaction to a trade you're making. Bots have limitations that your own decisions can make up for in moments. |
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If everyone panics and sells it when prices are low, of course they will suffer loss. But the facts say otherwise not all traders and investors it's stupid, many of them can think smart so even though the panic exists, they don't necessarily sell crypto.
Exactly. The only time you really lose for certain is when you let go of the coins you hold. You basically remove all chances of recovery. But there are also times when it is necessary to cut losses and enter at a cheaper time to balance it out. A good trader would know how to jumble being passive and aggressive depending on how he sees the market. |
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IMO only whales can manipulate the market, if they want to get huge income they starting to pump and dump the value of coin once they reach the target investors they will stop and bring back the value at the normal, that is why if you are investor be wise and dont be too greedy just focus on the major coins in the market that makes your feeling more comfortable to invest.
Well they're the only ones who have the means to move the market with the amount they're holding. And i agree, this is something that's alreadt beyond us regular traders and holders so we just have to learn how to cope with how they play the market. |
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What bothers me is why everyone is so anxious about the SEC decision. As if the future of bitcoin depends on it, which is crazy.
It's all speculative nonsense. The only reason people badly want to see an ETF approval is because of how they blindly assume it will instantly sky rocket the price. As soon as the price has gone up after an approval, they will sell the top and then no longer care about ETF's. That's how it always works in this space. People hop from event to event hoping to sell the top. These are the same people that will no loner care about Bitcoin when there isn't a viable way to book significant gains anymore. I'm really happy that the bear market is freaking out all these get rich quick noobs. The only one's who are comfortable during this bear market are those using Bitcoin as money. Low fees and a near stable price around the $6000 level, what else can you wish for? That's true but ETF's would still ultimately be a good thing for bitcoin, more adoption is always nice. Obviously most people want to make quick profits but that's how it is. It has to be like this to eventually become something else. Clearly bitcoin is not fit to become a normal currency right now so you might as well speculate with it. Well it may be good for those wanting to have a spike and outside, having an approval may very well get the prices up. But i don't think it'll have that much bearing in the long run. Not everybody, especially those who've been into crypto for a long time, are excited about an apptoved etf. |
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Iam already trade in Bitcoin since 3 years and the price action of Bitcoin is always there are times for bull run, bearish and side away. So iam pretty sure the price of Bitcoin and altcoins will be bull run later, if not this year its will be coming next year. Only by wait patient for that we can make big profit.
Yeah eventually it will come. This bear market can't go on forever simply because this market is fluctuating by nature, meaning everytime it goes down, it will go up. Things will balance itself though it may take time and that's what we have to be prepared for. |
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I can understand you but no matter what, there is a little excitement it brings for whoever that bought at that level, whatever adds 5% - 10% to your trade capital is moon, Noobs do not know the difference, You can better say a Bull run for pure moon as you may tag it
Well it makes them feel a little better probably seeing a slight recovery as bull runs so i think we'll just have to let them be. Those of us who've been in this market fir quite some time now know that the last bull run last december last year. |
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Crypto bull run we can expect in the month of Nov to Jan same like last year the crypto market is running in next crypto bull run we can expect the prices to reach previous all-time high prices
There we go again with expectations. You are aware that many people already expected a bull run several times this year and ended up disappointed. I don't know why a lot still expect too much from the market this year. |
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Let's be very careful in the market today, with the features of today's fast-paced media network, we are easily tempted by scammers.
Well i don't see why anyone would take any tips from social media platforms like facebook seriously. Especially those that ask payment. In social media, anyone can act smart and post a seemingly well analyzed prediction that doesn't really have a sound basis. |
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Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?
I hope you have sell all your coins before now and you are not holding any significant amount in bitcoin or Ethereum as both has gone down significantly. Trading now is too risky than when the price was pumping as bitcoin has find it very difficult to move up. It did. Especially ethereum which recently went under 200 usd. But that doesn't mean there's no profit to be made anymore. Eth moved back up to above 200usd and bitcoin has beem making the same movement so there's still money in this bear market. |
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mistakes today are made not only by beginners, but there are also many professional traders who are also mistaken. in itself, the crypto market is not very predictable.
Perhaps, but the difference is the reaction to thr mistakes they make. Newbies often resort to anic selling or shorting when they get a slightest loss in a trade, removing any chances of recovery. Yes thr market is unpredictable but there are certain attributes you'll acquire through experience to negate that. |
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Don't know why we are bothering with all the price analysis and market analysis. I mean these things are too complicated to get predicted in the crypto world as you know. Things are not the same as they might have been for the last minute and upto that level the crypto is changing. This makes things very much unpredictable here. I have seen many experts giving out advices over it and then eventually when the time comes the crypto analysis would have gotten failed already. This is how crypto is interacting with the market so it'd literally vain to predict anything right now.
Yeah more often than not, predictions are way off target. Though at times, reading charts can be helpful in guiding you at least to where the price is going, but not showing you where it'll arrive at. It's really to random. |
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