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I want to ask if this is same as ucoin cash? Because I invested in that project a longtime ago during ICO and I don't hear of the project until something like this now I'm seeing on this thread. So little direction, is this project same as ucoincash?
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it works great for "De-Fi" with its ultra-low fees and blazing-fast transaction confirmation times. D I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.  This is the most reason for the binance hype, the low fees. Etheruem transactions and bitcoin have been very difficult whilesome hang on the way with bitcoin. So if you have Alternative, it will be advise not to invest in a project that the team is isaac |
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Hello does anybody have here experience with trading based on RSI or MACD or any other indicator(Which one?)
Iam considering to buy service what can send me a email when rsi crossing below 30 for example, does it worth it? Does anybody from you using it? What are your experience? thanks for answer
I have used RSI but to me it does not worth it. RSI or MACD are not strong enough to be relied upon for proper trading experience. This are indicators that most traders rely upon but they are not profiting enough to follow up with the bitcoin trend. Support and resistance indicators can help but they are difficult to understand. Although some understand RSI and MACD in analysing trade but not majority |
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The answer to almost anything concerning price: no one knows.
True they are all price speculation , many questions about price determination but it can't be determined. I know the best way is to trade from the eyes you see things and not how people have speculated. Analysis are done but cryptocurrency or bitcoin isn't like stock trading where all factors that will change market parameters are known but bitcoin is relying on whales transaction which is after that they have secretly done a transaction. The whales decision to carry out are not public so you can't really follow it before they click the order. |
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Who else in the world doesn't want Bitcoin which is only limited supply compare with your fiat that is an unlimited supply.
This is pointing to Op to do whatever in his reach to acquire 1btc as he desire for it because at the time progress, btc will be mined and its available will keep reducing, meaning scarcity and price skyrocketing. This is what is going to happen soon. |
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What you can do is to spread your $2,000 across good coins, from etheruem and new projects with use case. About sites to visit, I don't think most are real in analysis because cryptocurrency is not working like forex where it is sure that dollar troubles can change market sentiment. But you can follow some big investors like Elon musk in their tweeter handle.
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I’ve got a better idea, why don’t you just HODL your crypto for another 4-5 years & you might not every have to work again. The tactic that’s worked for me over the years is HODLING, I’ve never got involved in trading so to speak.
Good luck any way.
But which ever we think is better, there are other songs from them. Coins that are not trading, just there in hodlers wallet, they are still going to drop if bitcoin is dropping. I think trading and taking coins to wallet are not same but fall in same manner. |
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About the time to invest which is one part of Op's question, it is at the bear times so that price don't start appreciating while you still trying to make up your mind. Bitcoin price don't wait for procrastination. But the issue about it is that nobody knows when the bull will come back.
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There's still not that much reaction for Dogecoin. Maybe most of the Doge retail investors haven't seen the tweet of Elon because if they do, they'll certainly push the prices up again.
Elon likes to use Dogecoin as his meme and if it moons then congratulations to all of its holders.
I think Elon Musk is making the tweet at a time not proper for the coin to pick. A time that bitcoin is dropping. I have not observed many altcoins moving against bitcoin. The reason is bitcoin is a pair to altcoins more than any other coin. It is first choice and doge can't be compared with bitcoin. Investors won't involve money in doge because they are already cashing out from bitcoin. Profit time is a time to be careful not to be hanged up with no expectation. |
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Correction as to cryptocurrency is a ritual just like the bull is also, it depends on the side that you are lucky or unlucky for fall under. The deep has always been in expectation if you have been reading threads here. You are a newbie maybe you are seeing the eaves of the market for the first time. The bull is not always steady and deep too this is how people/investors make profit, is controlled by demand to supply. I'm not feeling the deep is not normal because bitcoin as the king is dropping and it must affect the altcoins including etheruem.
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* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
Many reasons to this in my own feeling. It is a wicked world , you remember that? Many individuals don't want you to get to a level they are. So having that as a view, the ruling class always like to oppress. Study the theories of Karl Marx to understand the class system and capitalist. The reason is that they don't wish to see more wealthy people and they believe that you need to labour physically to get rich. They believe that bitcoin is easy for people to instantly getting to wealth without staying under the sun. Apart that they think of bubble on bitcoin and trying to stop investors, they have hidden selfishness because people who are taking risk in bitcoin should be an individual decision. |
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I would recommend you to use Stop Loss feature. It sometimes works good in such situation.
This a good one not to lose all of your fund at this time of blood flow in the market. Stoploss is a good tool that traders don't apply because they lose sometimes. Bitcoin has got to a correction point, so don't keep expecting a bull for now. Trade with more care is the reality of trade. Good for little profit and don't stay long to grab all profit at a point, you will have more opportunity to pick profits. |
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This is a true advise. Catching a falling knife can make you a slaughtered goat and leaving you there bleeding just as the market is bleeding now. Bitcoin is on high fluctuation at the time, it is selling at $46,285/777, from last week $56k. This is blood bath at this time but is normal if you also follow the market.
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I was using the internet since 2010 but back then I never heard of bitcoin like the early people, will satoshi come back as a anonymous and give us leaked info on a new coin giving us a second chance to become rich?
Anonymous are welcome to comment on predictions for next 10 years, is satoshi working on a new altcoin ?
Your thought can get some empathy by some people but there are some questions that you may need to look at because you are expecting the hand of time to turn back when you can still make use of what the time is today. My questions are 1. When did you finally hear of bitcoin? 2. Just three years back, price of bitcoin can still be less than $1,000, so how many did you buy? 3. In 2020 before covid-19 and early in covid-19 times in April, bitcoin dropped to $4,000, how many did you buy? Lol 4. Some altcoins are good and cheap, how many you bought? The story is fear will be the greater consideration than the thought of taking the risk to be rich if the price was taking backwards. |
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I think the fall in price is about the principle of demand and supply. Last week we saw bitcoin and etheruem fees going very high and that made binance to be a choice which rises it high to ATH. Now investors used binance and that means etheruem and bitcoin can drop which is normal. It can be another kind of correction maybe not too deep.
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And the most important thing
in crypto trading is to maintain patience, because sometimes the market does not go according to our predictions.
I don't think patience is the most important thing in trading, patience IMO has always been a great attribute of holders and they should have it at all times. Investing is when been patience should come into the picture, a trader should be smart since his profession revolves around trying to outsmart the market. While been patience can also help in trading but it shouldn't be emphasis on since it can cost you big time, remember you're not investing into the project you're just trading it. A trader should never get attached to the project they're trading, all you should be concerned about is profiting from that particular trade which is why if the trade isn't going your way, you can option out like what the OP is suggesting. Thank you here. Talking about patient, it won't get you anywhere if you are already in a market that is losing and you are being patient for you to regain your losses. You may keep losing and lose all. Like @CryptopreneurBrainboss said we need to remember this is about trading not hodling. These are different systems and are handled differently. Patient can be good before filling your orders, you can be patient till you get the best signal to go in and if you go in, patient becomes replaced by decision to continue staying or exiting. Use stoploss instead of patient in trading. |
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I think the community already learn from the last pump, there are still holders that are waiting for the price to go up, to 0.08 since they bought on that thought it will go even higher, with that community, are now wise enough not to buy with just a tweet although there are still some people who ride with it, maybe they are just newbie or really know when to sell after buying.
What my thinking is that the bull can be in depending of bitcoin too. It is the bull in bitcoin that will help doge and now bitcoin is somehow calm in the past 48 hours maybe it is going to be less volatile and if that happens, doge may also remain at the current price. Some have dumped their doge in expectation that price will drop but the fortunate thing is price is still good. |
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Binance is centralized but people dont care, just like mk4 said.
That is because the team is very active. Investors will always research on the team behind a project. Reading the binance CEO, I never thought he had this big plan for his exchange in trying to bring bnb at close or more than bitcoin. His statement is also capable to get more bull for bnb. I think he is even quiet for this time, because if he had been using the Twitter to hype bnb, the coin will zoom more. Elon musk tweets was what gave doge the hype of the moment. |
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So what the heck is that? Why they don’t understand we don’t want centralisation in the first place and that’s why we are using the bitcoin. LOLZ
Yes, because they want a form of control. Government are people you elect to rule over you with rules of the land and they have to be relevant in the system. If they allow a decentralized system, they don't know what you are doing in the country. So a centralized system is the way they can succeede. They have control of banks and fiat which are major instrument of governance. I completely agree with what amishmanish has written in the previous post. The regime in India has become autocratic, authoritarian and arrogant. If they don't like something, then they will simply ban it. They don't care about opposing voices. They believe that they don't need to listen to the opposition and the minority groups, because they are having a raw majority in both the houses of the parliament and unlimited support form the supreme court. On top of that, the opposition in India is a disorganized and confused lot.
This is known with third world countries, abuse of power. India government need to listen to opposition which have positive critism. Though with diverse groups but with sincerity they can become a very strong bloc with there population. |
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On Feb. 10 Binance Coin (BNB) hit a new all-time high at $148 after the native exchange token rallied 121% since the start of the week. After the above was a new story of binance now hitting a surprising ATH. IMO bnb has been a magic revelation for cryptocurrency. It has taken over from top coins and now trading behind etheruem as number three spot , this is amazing and a regret to many who sold off in fear back in 2017 when the price was selling slightly above $3. Now after two years, it has done more than 480x against bitcoin (according to the CEO) There are some factors I think are possible a reason for the bnb 1.Surging volume
Between September 2020 and December 2020 the price of BNB traded between $23 to $35 with an average daily volume of $400 million. Since Dec. 28 there has been a steady increase in 24-hour trading volume and token price as Bitcoin (BTC) price broke out to new highs and DeFi made its presence felt across the crypto sector.
BNB’s 24-hour trading volume surpassed $1 billion for the first time on Feb. 1 and a new record $7.52 billion volume record was set on Feb.10 as the price crossed above $148. 2.DeFi integration gives Binance an edge
Since 2020 centralized exchanges had been ceding market share to decentralized finance protocols which offered users access to newly launched tokens and high APY returns for providing liquidity.
To make up for this loss of market share, Binance incorporated new DeFi components, including the creation of Binance DEX which supports a few interoperability-focused DeFi projects.
Binance also increased the number of tokens available on its staking platform and the exchange raised the interest rates for each token to encourage investors to stay on the exchange instead of chasing yields at SushiSwap and Uniswap.
BNB plays a role in fee settlement and transfers, thus boosting its volume and value over the past few months.
3. New listings and partnerships
Binance has not been shy about quickly listing new projects from the DeFi sector and these listings often spark a sharp increase in the trading volume and price of the newly listed token.
For example, when Uniswap and SushiSwap burst onto the scene and threatened to take some of Binance’s trading volume, the exchange countered by listing both UNI, SUSHI and many of the projects that were attracting investors’ attention.
Several prominent DeFi projects were initially launched on Binance Launchpad, the in-house token launch platform that helps blockchain projects raise funds, and more projects being added on a regular basis.
Projects like Kava, which operates on the Cosmos (ATOM) blockchain, and Venus (XVS), which operates on the Binance chain, were incubated on Binance Launchpad and have since become established DeFi projects that continue to gain momentum.
A scroll through Binance’s Twitter feed shows daily announcements of new partnerships and integrations and for investors to interact with many of these projects they are oftentimes using BNB as part of the transaction.
With a 24-hour trading volume of $32.8 billion, a figure 7 times larger than its closest competitor Coinbase Pro, Binance continues to dominate among centralized and decentralized exchanges.
Binance Coin appears well positioned for further growth, especially considering that BNB is an integral part of many of the platforms and processes at Binance.
The last point about listing new project is an eye opener. This is purely a business strategy to armtwist a competitor. It is stating the obvious that binance exchange won't irrationally list acoin without sequel benefit to the exchange. However, the CEO Changpeng Zhao noted that BNB has been setting new all-time highs not only in fiat terms, but also in relation to the world’s largest cryptocurrency, Bitcoin (BTC). “From a humble 0.00001 BTC per BNB, we have grown 480x against BTC in the last 3 and half years,” Zhao wrote. He said that BNB’s performance against BTC has been the main goal of Binance:
“This has always been our goal, to grow a bit faster than BTC. Not over taking it, but with so much effort we put in, we want to see it grow a bit faster. Otherwise, we should just buy BTC and not work. With the state by the CEO, do you think he is working harder to overtake etheruem or bitcoin   https://cointelegraph.com/news/3-reasons-why-binance-coin-bnb-hit-a-new-all-time-high-at-148 |
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