I see waste of precious time for peanuts, I see few people smiling to their banks, while many more are caught crying and cursing. If anyone is indeed interested in making more bitcoin, the first step would be to ignore any advice to go gambling, hyips or ponzi. The express way to lose your coins is to do otherwise!

In forex trade, PAMM would so easily taken care of that, as that is one of the major reasons it was developed, but I strongly doubt if any cryptocurrency brokers is incorporating such features in their platform. Outside of that, I see confusion, lies, envy and jealousy,which eventually would take the wind out of the sail of this ship.

It helps to understand where the increments are coming from, that way it becomes easier to analyse if the increments are for real or a flash in the pan. We know bitcoin is a true global currency and readily offers succor to people in countries whose fiat currencies have gone berserk. We have seen that play out in Greece, Venezuela, Russia, and quite recently, India.

Given that the fiat currencies are failing and people are getting frustrated, there is a strong likelihood that the top movement is not ended yet and possibly the $1000/Btc level would most likely be tested again not too long from now. We need to understand though that the trajectory of market price in any financial market is never a straight line, rather it is a series of up and down movement.

  

Seems to me you singled out support and resistance strategy out of the price action strategy OP was looking at! I know price action strategy readily converts to profits, because it is not a lagging indicator/tool as many others in technical analysis and combining it with support and resistance levels, makes it almost a sure fire. However this strategy is not good enough for every trader, it is well suited for those traders that have eyes for details, tons on patience and sound risk and money management.

One thing worthy of note about support and resistance levels is that, the market tests them more than once before finally breaking out. Armed with such a knowledge would give a trader a better understanding when to buy or sell, when to let go or to keep holding on,

I think OP should have asked, "What is your main reason for becoming a trader?" My response would have been everything above plus the fact that trading enables me to work from virtually anywhere, greatly reduces my overhead, staff and accommodation and without affecting profitability. Trading when approached the right way can hand over fortunes to a trader than could many years of working for other people.

All what you pointed above revolves around risk and money management, so what do you mean by first saying you don't have to do money management in order to make more money? To become a skillful and profitable trader, risk and money management is inevitable, because any trading decision taken outside of these two always lead to loss and most times, an entire account is wiped out

Though it is not impossible to stand up to a casino when one is having a very deep pocket,but you will discover that it would actually take a limitless amount to be able to stand up to a casino and some gambling sites can actually be funny when high rolls are involved. I think  outright rigging would be more like it. Go to any casino and try going through the profiles of players in random and you won't miss to notice, over 95% of players are having negative balances and you may want to ask, what is responsible for that?

Here we, must add that gambling is for fun, so if we must gamble, we have to do so with only money we can afford to lose, even though the best way to win in gambling is to not gamble at all.

There are no guarantees either with investing in the bankroll of a casino, because often times, there are players with extraordinary luck and there are some too with very deep pockets. These type of players leave the house bleeding most often than not and which boils down to eat away chunk of investors money. I have seen a situation, where an investor actually lost it all, because some randy player came along.

I also trade forex, so candlesticks and formations, I must say are one of the foundations every trader ought to acquire. Each candlestick or a group of it is telling a story about the market, so even in altcoin trading, it can be useful for detecting market reversal, breakouts, ranging markets, etc.

It needs be said however, that candlestick patterns and formations are lagging in the market information they give, so combining them with other indicators would be a much better way to approach the market. We can appreciate the beauty of candlesticks when we trade base on price action and trendlines.

The cryptocurrency market is still young, so for now your approach might seem right, but as time goes and the market stabilizes, you will discover that you may never get to win all trade and some might want to take forever to turn profit. For instance, if you had bought BTC in 2013, when the price hit over $1000, by now you would still be angry with yourself for such a rash decision.

You just summarized what the OP meant to say - a group of private pumpers and dumpers. Might sound interesting and profitable, but it is unfortunate and an attempt to scam others and that is not what this community stands for. At any rate, it won't get anywhere unless he has tons of coin to be able to jolt the market or if there are a number of whales sharing his dream. In place of that, I would suggest looking into arbitrage trading as there seems to be lot of rooms for that.

The trader mantra is rightly, "buy low, sell high," but the question begging for answer is, what price is low and what price is high? As simple as that question seems, it would take knowledgeable and experienced trader to tell a price apart from another, because in a financial market, there is often no bottom or top price. Prices are continually changing in reaction to market forces.

Over the years traders and mathematicians have come up with tools to enable our detect when a market reversal is by the corner and many skillful traders have been adapting them to signal buying and selling points in the market. My preference is the combination of Bollinger Bands and RSI, it gives me a clearer picture of over bought and over sold market conditions and guide my trading decisions instead of making mere guess work.

There are no risk free way of trading and making profit, experience and skill only gives a trader the edge to a vintage point to approach the market. let no one be deceived by all those claiming to be professional traders and making consistent profit in the market, because if they really do, they won't be looking for avenue to sell signals.

To become a successful trader, one has to go through the process of understanding what the market is saying at any point in time and not depend on others suggestions.

I think it is rather that losing, most likely, would wake up the ideas of a trader that sets out to become a profitable trader. It compels a trader to reevaluate his/her stand in every trading decision they set out to take. Experienced and inexperienced traders alike, encounter loses from time to time in the forex market, what makes the difference is that experienced traders endeavor to win more than they lose.

The major difference lies on the fact that forex trade is leveraged, while cryptocurrency is not, that is why it is possible to earn as well as lose so much more at once with forex trade. Also swaps are rare in cryptocurrency trade since traders need not to borrow or lend to trade. Overall, the psychology needed to handle forex trade cannot be gotten from trading cryptocurrencies, but being versed in forex trade can make a huge difference in profitability with cryptocurrency trade.

The truth is that you don't have to subject yourself to lots of losses to become a skillful trader as the best way to learn a thing is from other people's experiences, wait to learn from your experience might end up a fatal experiment. Good news is that there are many useful sites and resources online and that are even free to get you on your way to successful trading only time and patience is highly needed, unfortunately so many people are having them in short supply.

My suggestion is first to learn to trade forex in places like babypips, forex factory,etc to familiarize yourself with technical analysis tools and terms like, support and resistance, trendline, pivots, overbought and oversold conditions, etc and you will be standing better chance spotting when to buy or sell cryptocurrencies.

Are people really bothered about taxing their bitcoin transactions or the ploy of the IRS for monitoring and reporting to the slave masters about people's finances? Bitcoin does not represent the interest of the governments and their agents and they would rather the last is heard of it, only it was a dark horse and they really did not see it coming.

At any rate, Coinbase does not speak for the Bitcoin community, which is already a vast and borderless community. To the IRS and their masters, this is what John F. Kennedy would have suggested to them,“Those who make peaceful revolution impossible will make violent revolution inevitable."

I also agree there a point in saying Bitcoin represents all cryptocurrencies and so whatsoever especially odd that happens to it would definitely water down to all other coins. In the case of Bitcoin dying tomorrow, it would take almost everything to be able to bring that to pass and if ever, an offspring of Bitcoin, more sophisticated is sure to arise to occupy that position.

One question that must be asked though is, what is going to kill Bitcoin, many governments have tried futile and now looking for ways to bend blockchain technology, which is the strength of Bitcoin, to see things their crooked ways.

Looks like you are falling to realize that it is indeed Bitcoin that is in the background helping you out in your daily life, because it is standing in the position of the source? As for me, the emergence of bitcoin have attracted lots of businesses, of which one is an exchange company that have handed me the key to anytime and almost instantly buy bitcoin with my local currency or turn my earnings online, including fiats without having to wait for the high limits and delays placed by the exchange companies we were having until recently.

That is probably the riskless way to grow your bitcoin, because the tendency that one gets paid is quite high for as long as quality of posts are not compromised. Every suggestion made about gambling sites is a death wise, because the matter is already decided that your money will end in the fat pockets of the house. Better to build one's activity here, as the level and rank, is actually what determines what members participating in a campaign gets and the competition everyday is on the increase.