I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.
To be sincere with you, trading traverses indicators. It has to do more with Money Management (MM) and control of emotion. If you've the best indicators but lack the aforementioned two you will still mess up your account. BTW, all the indicators you mentioned lag behind price. They're called lagging indis. They don't go ahead of price and anything that behaves that way shouldn't be completely relied on. For me, I rely on Support & Resistance, Pivots and Trendlines. They're leading indicators. They go before price and wait for price to hit them and react. I got your point that don't rely on those indicators as it is lagging meaning they are heavily reliant on those indicators and which they choose on where they trade and at that point. This lagging indicator is really famous as this is the most used of the newbies like they are giving signals on where they need to put their trade. Support and resistance are really proven and almost all of us traders are using it and MA but again this is just tools to see how the market go, it is still our decision on where we will be putting our trade. |
|
|
|
1. You must split your coins in 2-3 wallets, to avoid losing all your coins if they are all in one wallet. But then you don't know what types of wallets to use.
This method really needs effort and if you can do it then it is good as other said that don't put your eggs in one basket which is true that is why putting it to other wallet or if you can diverse this then it is good. I know that this is best method but i am not practicing it meaning i just very cautious in a very steps. Hacker can easily hack you but if you are aware you can prevent it |
|
|
|
Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?
Control your emotions. It is very easy to learn trading but controlling emotion is not as you cant easily learn it online and also it is easy to read or say but very difficult to do. I thought before trading was the very difficult to do as i am having difficulty to read the chart but when i started to learn it i started to realize to having not control in emotions is very difficult. So whats the best is having self discipline and not having greed takes place |
|
|
|
I can only give advice to stay away from option trading because option trading is the same as gambling,
I know Binance also provides this trading feature but it would be better if you avoid it,
not just like gambling but you can lose all your capital there if you trade wrong.
No trading that is not involve risk measure, so comparing trading as gambling will give you a setback, so therefore what you suppose to do in trading is to scrutinized or understand the basic concept of trading before you could venture into it, because from my perspective i confirmed that trading involve many measure to make it to be successful, so therefore it needs more attention or focus to study and comprehend immensely to the disadvantages and advantages of trading, anyone who jumped into trading without knowing the rudiments of trading will definitely ends up with a negative results via trading. I think it applies to all as you as you are earning money from it you should spend time learning on it. As you can see other newbies that are doing trading they usually jump to telegram groups that was giving signals since they are lazy to not learn. In trading as long as you spend time on learning trading for sure youll gain profit that is why take your time in learning trading |
|
|
|
There is this thing about shopping and airlines that when you check and forget, they send you bonus or discount for your possible shopping/trip. Same holds true for casinos, if you just register and leave they will send you some bonus to get you started playing.
It was rare that the casino will send your bonus when you forgot it because most of this casino will not send it back because they can save this. they will then focus on the new customer or attracting them as they can get profit. Though having this kind of casino is really taking care of existing gambler and also they are making them feel thay they are important. I am hoping that they will be continuing this as we can benefit it |
|
|
|
I am strongly in favour of desktop applications or even web based, as I think that phones are usually to small and I do not really trust much the apps, but there seems to be many people who would rather use their phone. Is that because they do not have access to a desktop computer? It may also be a regional issue, the same as people that do not use a browser?
There are progressive web apps right now and mobile responsive unlike before that you are having difficulty on playing as they are not responsive. I really prefer in desktop as it is because big and easily play but over time the gameplay in mobile is getting better as you can play anywhere and also it is easy as sometimes you can use only one hand. though still i prefer desktop over mobile as it is easy to see those details that needed to see |
|
|
|
I was introduced to Bitcoin talk org six years ago but I never took it serious because I feel digital money is not real. My non willingness to learn, has cost me a life changing opportunity but now, I know better😀.
In case you are just like me, let me give you a brief run down of what i have learnt so far about bitcoin and its benefits
Bitcoin is real money and is used around the world.
No one can censor bitcoin transactions because it is using computational algorithm called proof of work.
It is very accessible, fast and easy to use.
Bitcoin is a life changer.
No one can steal your bitcoin.
I am confused with your point but i think that if you found Bitcointalk.org earlier meaning you invest earlier in bitcoin it is lot changing. This was very famous on those person whos supposed to be know bitcoin but again people dont invest on it as they dont trust it but again there is no late meaning you can still buy bitcoin and gain profit. I know your regrets but again dont do again your mistake, invest now and earn profit |
|
|
|
Whether to sell your bitcoin or not need to be decided by the owner. Bitcoin at the present market situation have bounced and users who wants to make some profit can sell it and wait for the opportunity to buy back when there is minor drops. This is quite risky at the moment as the market could make any unexpected move in no time. People mostly prefer to hold their accumulated bitcoins at these kind of market situations. Even now it looks like the market to accumulate than selling.
You're right senior and I couldn't agree any less with you but the issues I have with people is that fact that people make it seem like selling ones coin especially when they're truly in need of is wrong and that's a very bad motion to instill in people especially newbies. I've always also been on the opinion that people should go ahead to sell their possession if they feel the need to do so without having to look at others or considering what others might think of them. I don't encourage selling at a loss but rather selling whenever you feel ok with the profit . There is nothing in selling bitcoin as long as you need the money because you have a purpose and not just to buy things that unnecessary. Dont get discouraged that you sell it because it gives you another chance to buy again depending on the price and also you've get another profit. But gain people who sold it earlier that supposed to will see the price and thinking that they should sell late because they earn more profit which is not wrong as it is normal as we are human but it is also call greed which we should refrain doing it |
|
|
|
By the way, can anyone tell me how to join this campaign?
Read the 1st Post of this thread, everything is well described. You should have to apply first, if they accept you, you will get message from campaign manager. I did that for other campaigns, so why didn't they accept me? What's wrong with them? If you didn't received private message here from Kapokala or Carollzinha a week after your application then you're probably not accepted. Though I can't find your application on this thread, you can check the op or the posts above and follow that format and post your application. |
|
|
|
This seems to be the instinct of most people because regardless of anything the ego always forbids us from admitting mistakes.
The fact is that this happens in our daily lives because conditions like this seem to be commonplace even though if we were much more aware of mistakes then I think this would not be too complicated but because a high ego makes this always happen.
Not too hypocritical, sometimes I also always do things like this to defend myself. Even if it gets a little bad when you get used to it but this is undeniable.
You already know the main point in each of your failures and you seem to be very aware of it, but that doesn't mean you have to always follow your ego right? maybe it's normal when someone blames other people for every failure, but don't make it an excuse you don't want to admit mistakes that make you sink and die to reach your goals and as if the hope of financial success is gone. Maybe you just need time to admit your mistakes and then learn from the mistakes you made before, so you won't make the same mistakes in the future. Actually I still feel that blaming other people or blaming something for failures and mistakes that are made is not something that is natural either. Realizing your mistake and making it an experience will be much better if you have to keep trying to justify yourself. Because if you keep doing that, we will never be better than before because you will only continue to dwell in your place. Of course, always blaming other people for personal mistakes is not a natural thing, and improvement must always be there to increase the value in yourself and taking good value from bad experiences will make you better. True, silence is a bad choice after failure, it will even destroy everything you have prepared from the start, but if you are silent for some time to learn what has happened to your failure, it might be better before moving on to the next stage. How was blaming other people for your own personal mistakes?  It's your mistake you will face it no matter what, no matter if it involves another person but blaming others is not a good thing, it will drag you down. Also, mistakes are a natural thing in life, without them, we won't be learning mistakes brought as lessons as long as we reflect and learn from them. Mistakes can't be undone so you should face them and try to find a solution or another way around to solve or fix it. |
|
|
|
I good investment is more preferably than kill your back on two or three jobs. The chances of failing on both due to exhaustion is more than becoming an expert in one job and earn more as a professional. Train one thing, become a master of it and set your own price for your work and experience. That is more stability than balancing between two jobs.
Unfortunately not all type of jobs are like that. If you work in service industry for example, being the best ever waiter couldn't really bring you to a great level, you can't really become great at it and then start earning a lot. Sure, maybe you get a lot more tips than other people if you are lucky but that's about it, it is not enough at all. I personally believe that having a second job that has a skill set that can scale to a high level is a lot more important. Most obvious and common example of this is coding, I am not saying learn how to code, but have a skill like that, which you could scale to millions of dollars if you are great, and even if you don't, at least earn enough to supplement your income. Some people don't understand that we can do side job where we can earn more by using set of skills, but these set of skills are unique that should be invested, researched and committed. I have a part time job where I only spend 3 hours every day and my salary is more higher than the minimum wage earner in my country. I do not want to exchange my time for small salary because I have unique skill sets that can give me more opportunity. It is really good to find a side job that is really suitable for you, just make sure that you can still have time and financial freedom if you apply for your side job. Even if you have a skills it is still difficult to find side jobs that is suitable to your skills as a lot of people right now is also looking into this. Thats good for you that you have that huge side job where as others are just small and some sort of just enough to buy their needs. But having skills really an advantage as you can apply on to your niche rather than you don't have any skills which is difficult . I also have side job right now and I wouldn't say big or small but it really helps me a lot in our daily needs. |
|
|
|
Honestly I love Bitcoin. I owe great deal of my current life to bitcoin and satoshi. But I also agree that we shouldn't behave like Bitcoin is a prophet. I am personally hodler type of crypto lover. I tend to buy bitcoin, put in in my cold wallet or send it to my binance earn account. That's what I do in general. But I always feel bad when I need to sell some Bitcoin. But as OP said there is no shame about trading your bitcoin for better position in market. Last bear run could really damage your financial situation. I personally exited after bitcoin crashed like twice and not regretted. I will come back this year anyways. Selling is not abandoning.
Others would overthink when they sold their bitcoin it is some sort of quit or end of their journey to bitcoin. Well that is the start as for sure you will be buying it again, it doesn't mean you sell it you won't be coming back it is just you need money or the profit on it for sure you will be investing back if you have spare money or if you saved money. Ive been saving right now to buy more as I hold just a small amount to be ready for the next halving, I am hoping that the price will reach the moon lol. |
|
|
|
2022 was certainly a bloody year for bitcoin investors and many drama played out in the crypto space but all that said we have manage to cross the year successfully to 2023.
Perhaps, we can't assume also that 2023 is a good year for crypto but rather expect some dumps. We can't say that we already pass the bear season because even though we saw a few pumps in the market today but still not enough to make us say that we are moving to another phase of the market (bullish). I don't find this become a reason to sell my Bitcoin but rather to keep its hold. The pump is tricky and it is possible will drop again. Maybe I well sell my Bitcoin if the price of Bitcoin will reach $50k again. We cannot conclude that the pump that occurred at the current bitcoin price will soon enter a bullish period and it seems that the recent pump will only last for a while as some investors who bought bitcoins below $20k will definitely take advantage of the increase to sell their bitcoins. so this will put pressure on the price movement, however if bitcoin is able to maintain its resistance area in the $21k area for the next few days then there is a possibility that the price of bitcoin will continue to increase further and could reach $24k this month or early next month. Bitcoin is above $21k, and we still have yet to see any selling for a profit in the past few days. Many people buy at a low price doesn't mean they will sell as soon as they make a profit, maybe they still want to hold for a long time or are waiting for a higher profit. A lot of people bought the dip and keep holding it until the next halving since they expected that the price at that time would increase. I am sure those who sold now that bought at 17K need money or they just want to sell for a profit no matter how small it is. Let's just respect them and we that continue holding let's ride the next rocket to the moon!? For sure due to halving a lot of people right now are saving up money (including me) to buy more what is the price getting ready for halving. |
|
|
|
You speak well as a man who understands how to manage resources for the future, and I understand what you are saying about spending money wisely during Christmas, which is very good advice because most people spend their money during Christmas and Christmas celebrations without thinking about what will happen at the end, which may be an emergency problem or any other problems, but as a wise man who knows what he is doing during the time will know how to lavish his resources.
I get your point but some people saved money for the whole year for Christmas so that they can celebrate so it would be okay as long as you still don't go broke after Christmas or new year's celebrations. I am from Asia and we really celebrate these holidays and we tend to save money from our salary just to give gifts on that day and that is really what we are doing since we are children. As long as you still have money then no problem at all. Also, I've noticed that some people are not now celebrating this due to the financial crisis which is the best move rather than having a loan just to celebrate this holiday. |
|
|
|
I don't see any boring part of seeing your money grow. without having any effort like sitting? People that I've known want to have passive income like business and they are working hard so sitting on the couch and seeing your bitcoin holdings grow overtime is good. But it takes time unlike trading when you can win a certain amount on that day or week unlike holding takes years before you can see that you gain profit. but again it depends on the person since my self I prefer both so I do allocate money to both.
Most of the investors haven't come into cryptocurrency see it for a space to come and make money then leave. That's just it, you come in, accumulate as you want and walk away. Only to come back when ever your ready to accumulate some more and leave. Well, there are sides to this even. Given that, what is given is taken from someone or some place else. Its why we've got Aak and Bid in our orders. Depending on the market situation, one might make profit from being in either position from time to time. Trading and hodling offers different advantages or securities. In trading, you get to operate on a high level of risk to reward ratio. You find yourself putting out more which could always take either ways in either profit or lose bit, this occurs more frequently and so, you've got some real chance of doubling or been robbed of your portfolio in the shortest possible time. When it's got to do with hodling, the dynamics to doubling comes with the time you put in and even might not be commensurate with the wait time in years. One thing remains for sure and that is, profit but, its coin specific though. Bitcoin remains the most recommended for hoding if you may. DYOR. If you win a trade and earn a profit for sure there are trader around the world that lost it. That is really the life in trading if you win someone should lose if you lose someone should win it is the cycle and it never breaks that is why it is only rare who can earn a lot of profit in trading that is why others tend to walkway once the get enough profit for the day or for the month. On the other hand, holding is also great as long as you can control your emotion and less effort but again having control of your emotions are difficult so you should be prepared. |
|
|
|
So Two Questions..
1. Do you think its possible to win such an amount of money in online gambling/Sports betting ?
  (my own opinion: I don't think its possible, as I've never seen.
It is difficult to win this such big amounts in online gambling since for sure the casino can't pay you for this. But in the physical casino, it has a possibility but you are putting yourself at risk of winning a huge amount. I don't also saw any articles or news about winning this huge amount in online casinos or sports betting. I only see on the lottery I think the lottery has the highest rewards or pot money right if you won? In a casino, you need to bet high like half of it so that you can win that huge amount also. |
|
|
|
It's just  we need that gut feeling to do that. There are people who always bet against the majority and hope that even if they lose most of the time the payout will be higher than always betting at high odds. For this reason I tend to stay away from sure bets where 80% of people bet on one team. The payout is so small I don't want to take that risk. I prefer to bet when it's more like 50:50. .
This is mostly based on the game and the club that are playing, sometimes we do see that team with high odds do end up winning the match because they are always considered as the weak team that would lose the game. I don't based on predictions on odd but rather on what I think the two team could play and the numbers of goals that would comes out. Since many if the casinos I do use do have plenty option for gamblers to choose from without bothering on which team could win a particular match. Most people that do bet on the team to win a match usually end up losing severely because of the random output that could surface at the end of the match. But you will win a small profit on it if you bet not against the public unless you bet on a weaker team and you won that is more profit. That is really how it works and also what I've noticed in sports betting not sure of others but unless you are betting with your friends then you can easily double your money. Whether you win or lose and even if how you are confident in a game you bet on the winning team there is really time that you will lose as this is gambling and it has a huge chance of losing. |
|
|
|
|
Before when I was starting trading, for sure some of the people here have also done this, I've tried as many indicators in my chart so that I could see the better trade position but turns out it made me confuse lol I thought having a ton of it is that you can easily see when to trade. But later on, I decided to use only RSI, MACD, MA and Fibonacci lines this is really my main indicators and mostly I just draw the resistance and support lines since some indicators are I don't want the way it draws.
|
|
|
|
spending crypto when the market is down,, is a strange thing, because when the market is down it should be a time to buy not sell.
The reason mostly they need it or they just don't trust bitcoin and they would sell their bitcoin even if they are losing because they think that bitcoin will lose value lol, but behind it, some people cant control their emotions which is why they tend to sell. Mostly when red days is the best time to buy as the price was cheap but when people are really in need of money that time then we do have no choice. Sometimes I only spend my crypto when I need it |
|
|
|
Holding is somewhat of a sacrifice and patience but after all, it gives us benefits and huge rewards. But guess what, it is really hard for all of us to do this. And this is because we usually get affected by the FUDs driving our minds to think negatively as well then decided to sell instead of holding. If we know ourselves that we can do it (holding), investing during the bear season is a good starting point but if we can't, this will only give us losses in the end.
I would say that Holding could be better at a specific time but not always.
The main part of the portfolio should be on hold, but if you have good trading results, then why not trade part of your deposit? If it brings good, more or less stable results in the long run, and you see the point in this, then you can do it. There are those who just like trading, it’s boring to sit and wait while their coins grow in price, they want to do something at this time, trading for them is just an opportunity to earn a few more coins. I don't see any boring part of seeing your money grow. without having any effort like sitting? People that I've known want to have passive income like business and they are working hard so sitting on the couch and seeing your bitcoin holdings grow overtime is good. But it takes time unlike trading when you can win a certain amount on that day or week unlike holding takes years before you can see that you gain profit. but again it depends on the person since my self I prefer both so I do allocate money to both. |
|
|
|
|
Show Posts
