I never excel on technical analysis but fundamental is my cup of coffee. I can say that some are relying heavily on charts and indicators but frequently the market moves on mysterious ways like we thought we are correct as chart says so but in the end we didnt anticipate that it could change the market movement out of our TA.
I've read many books about TA, and I can also say that I failed to excel in TA though I knew the basic strategy but I can't sustain it and become a day trader, FA works better for me as well. There's a lot of good analyst but if you are going to hear their stories, you wont believe easily on how they succeed and become a good trader. We do analyze using our best strategy and effort, but remember that this market is beyond our control so expect that your TA might now work most of the time because the market is moving on a different trend. Because it's not an exact science, that's why it's hard. I mean many people think that they could find something that is cool with the crypto world, but in reality they do not realize that it's actually good tough to do it. I personally do not believe that it's that hard, but many people think so because nobody I know realize that it's not going to be an easy task and it will fail many times. If you keep on thinking it will not fail, then you will soon lose a lot of money. If you do not make trades with 100% accuracy do not worry, that's suppose to happen because chart trading and TA are all things that give you a profit in the long run, not all the time. |
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Daytrading could be profitable in crypto but it really depends on the kind of daytrading we are talking about. If you mean trading with derivatives, then you're almost definitely going to lose all your money. Without a doubt. And if you trade altcoin derivatives then the process is only going to be much faster because altcoins are usually low market cap and have high speculative volatility.
But if we are talking about spot daytrading, the best advice I can give you is not to trade below daily. You will grind through your coin with the trading fees.
This is mainly because of the fact that crypto day trading is not like other day trading in the world. Here it is very volatile and we are talking about liquidity not being available everywhere. Sure binance may have a lot, but not everywhere else does have it that way. Which is why I believe that we shouldn't really be worrying about the current situation, since liquidity is down everywhere. This means that if you could find a place with low liquidity enough, you could take advantage of that while trading. You do not get anything like that anywhere else because it is centralized trading and even if you do it via a place that is used very little, it is still goes to the market with high liquidity. |
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None can be sure about the answer to this question of being at the bottom of the market or not because from what we can see on the technical charts we are currently in a bearish season and there is still not any valid sign to say the bearish season is over, so according to this theory, any price movement to a higher level can be just temporary unless we break the resistance and change the trend to finish the bearish phase, otherwise I'm waiting for lower prices every time I look at the chart.
The logical reason to see why bearish is over is the fact that we have been in the fear index for too long, and the price is recovering right now. I know that not many people will believe we are over it until the price hits a good price, but the reality is that we may not see those prices for a while. However, we should realize that "bear" means the price going down, and the price hasn't gone down much for a long long time now, meaning we have been over bear market for a long time now. We may not be in a bull market, but markets are not just bull and bear, there is an in between place where it doesn't go down like bear, but doesn't go up like bull neither and that's where we are now. |
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The price of all the coins are highly related to the price of bitcoin and whenever the worth of bitcoin become low so directly the other coins also become in dip. If bitcoin price goes up so all the other coins also enhance and elevated in its worth. So whenever the price become low select any coin wisely for investment and do not make trading or investment if the cost is highest on its peak.
not all of them. some altcoins sometimes still keep their prices stable when market conditions are making movements. indeed the overall situation of bitcoin will affect the altcoin market. and it all depends on how we make an investment planning policy. some people prefer bitcoin and others like altcoins. there are even some people who are fans of meme coin. There are not many of them around, I mean sure they could give it a try but in the end it is not going to be like that for most coins. I do understand that you may end up finding a few, but it is not going to be common and it will not be long term. If the market goes down a lot, not many coin will be able to keep their prices high for a long time. Let me tell it this way, when all these coins reached their peak on the fourth quarter of 2021, have you find anything right now that would be similar price to those days? I am sure there are none. Which is why even if some managed to hold on for a while, that means we are going to end up seeing it go down eventually. |
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We'll never know. Bitcoin has already proven even how dipped we are, there's still more dip, it's really unpredictable, that's how the market works especially in the cryptocurrency market where volatility is high. To be honest, there's still a huge chance it will drop below $19,000 because, in just the last few months, we experienced to drop of around $17,000 in just a short period of time, so everything is possible anytime.
I do not think that "no matter how dip we go, there is more dip" is really true. I mean sure it looks that way right now, but in reality I think the dip is already settled before we even do it. This means that the market knows what where they will get in and stop it and buy all the bitcoins at that range to make sure it doesn't go any below, and this market is you and me and other regular people like me along with all those rich people and companies, we just don't know what that price is until we see it. Meaning, do not worry about the dip, because the dip will stop, worry about the upside because even though it will stop at certain dip, it will always keep on going higher and higher and we do not know where it will stop. |
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I mean sure it went down, there is a looming threat of war on the continent and major changes are under way regarding the energy sector, so with that much turmoil, it definatelly had an impact. So nothing out of the unexpected here. How EU handles the energy crisis will have a major factor in how it's curency behaves in the future.
It's not really a "threat" of war, Ukraine is in Europe and the whole fight is about keeping the parts where Russians live mostly, so that Russia could have a buffer zone with Europe in between them with a brand-new Ukrainian territory under their name. We are not going to just get this war in the Europe, we are actually having it all around the world, how? The gas prices jacked up because of this and the people in the USA are getting screwed about it, let alone people in poorer nations. So, if we are saying that euro is impacted because of the war, it actually means every single fiat was impacted because of it and will continue to do so for a long time. |
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It's unstoppable regardless of most country limiting it the mass spread of individual coupled with the internet advertisement kept it gluing and gain attention around the world. Yes we as early adopter can as well try our best via conference, meeting and television show and also hosting some talks on radio station is making more effect on bitcoin.
You can try your hand on anything you want that is not online world, but that is the best place that this gets attention. From social media to youtube to forums like this, there are a thousand places where people could talk about crypto. And we are not like the old generation, we realized long time ago that we need to do stuff that are silly to explain long before we got into it, because we know that the real world would not allow us to live a life like our parents lived. This is why it makes sense to just invest, and do that online and let people know all around the world by showing it on your social media, like twitter or instagram so you know what you are doing. |
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Developers are profiting over investors like you. You should be careful with this investment because it's possible the huge supply is going to be dumped in the market by people behind shiba inu aiming their own good. And in my opinion you are being too optimistic. I would swap all those SHIB into something scarce, widely adopted, advantageous and valuable like bitcoin right now.
It is hard to confirm anything, OP decided to get hold of Shiba, he must have done research on Shiba as well. For me, investing in Shiba is also no problem, each person has their own choice. As long as he understands what he's doing with his money. If he accepts the risk, he also deserves the reward he expects. Shiba may create a new hype or disappear, who knows? That is it about shiba though, it is not a "risk", it is a different type of earning that is not similar to what we have with btc or eth. Shiba is there because it was hyped, not because it is technologically superior or it was early bird, or it wasn't any of the other million things. It was there because it had a big hype during the Elon Musk doge tweeting period and because of that hype period there were a few doge related tokens and shiba was the biggest one. So whenever there is a hype about it, the price goes up but that's about it, they do not really have anything that is marvelous to provide to people, it is all about "lol it is doge shiba, come with us!" and that's it. |
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As Vitalik sais - ETC is a good coin for PoW) So you can understand that all ETH PoW lovers will jump into ETC.
ETC is one of the oldest coin and has maintained its rank in Top 20 coins on coinmarketcap. The Ethereum merge in September-22 (which has compelled miners to switch to ETC) is behind current hike as well as investment from Grey scale and Antpool. Technically speaking ,the current price of ETC is around $37 and next resistance is at $43 which is very strong. I think we should not jump in at current price and wait for it to go above $45 then it can make further gains. DYOR The amount of price it will go up is not based on the mining alone. Because, miners may mine it, but miners will also sell it to cover their bills as well. If you are making 2k dollars per month profit from mining ETC, that means you will probably pay 1k of that to electricity alone, and that means you will have to sell your ETC to make that back. I am not saying that it would make sense to just stop, of course you have to keep going, but ETC will not profit from this as much as people think. There isn't any added new reason for people to "buy" ETC, but if miners switch here then there will be an added reason to sell it which should hurt the price more than it helps. |
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Any market can give you profit, especially if you already know how to trade and with Forex its really possible. The good thing here is that, we have the general rules in trading, what works in crypto trading can also work in Forex, maybe you just need to adjust the timeline but it is still same in principles. Trading with forex might become more risky, don’t jump in if you still have no confidence on trading, better to learn first especially with forex.
Yeah I dont think your last time would make much sense to the OP or people making similar statements like the OP, because they are here for the quick gains and not for learning how to trade with skills taking their time. The reality of people losing money in things like forex or people jumping from one market to another is that they are frustrated with the bearish trend on one and want to get more greens on their charts. This shows the lack of patience and the inability to become a pro-trader in either of the markets. Definitely learning a new type of trading is good thing. But for such people it is far from learning something new, but only about making money and thats why they get it wrong. Not learning how to make a profit, and still asking good way of making money? I mean people who are looking to make a quick buck will always end up being upset about that fact, it will be trouble for them. On the other hand we are talking about something that is much more reasonable on teaching how to trade, either on crypto or on forex, because it will take a while and it will not be simple. I believe that making money on forex is harder than making money on crypto, but if you go down the ranking order, small cap stuff could be equally hard, or if you do high leverages on bitcoin then that would be hard as well so it is not an easy task. |
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Bitcoin linkage with Fed meetings is always overrated! Don't forget that Bitcoin had been on the bullish track before the July minute of the Fed, so Fed's decision might be overhyped by people. I will always say that Bitcoin is primarily driven by the market sentiment rather than the Fed's interest rate hike in July.
Try to study the past histories of the Fed's decisions on interest rate cuts or hikes, they usually have different impacts on Bitcoin. This gives me the opinion that investors control the market now. However, Bulls might gain control if Bitcoin closes today above 23200. Else, more dip is expected.
It is not overrated at all. The connection is that if there are people who are willing to withdraw their money from stock markets, gold, oil, and whatever else along with crypto that sends a message. It means that people are withdrawing money from the markets and they are putting it on savings accounts basically, or treasury or anything like that. This means that it makes sense for crypto prices to drop when there are all those people withdrawing their money on ALL markets. Seems like fed is not going to do something marginal like that anytime soon, or at least it is not expected to happen anytime soon. This means that rally could be over and we could take a look at the current situation as a better thing. |
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I have read a lot about crypto trading on the internet, lastly I found someone asking users who are engaged in successful crypto trading, not users who invest in crypto.
Question: the person.
What do you expect, if Bitcoin goes down to the level of $10k and what do you expect, if Bitcoin goes up to the level of $100k.....?
The answer: simple.
Bitcoin $10k or $100k is the same for us, we need to watch Bitcoin move every second/minute/hour and day, That's what we need to pay attention to properly, buying and selling methods that we have to learn, when to buy and when to sell Bitcoin.
From the user's answer, I conclude, if we understand the Bitcoin trading system/science it is worth doing, $10k in my opinion for those who make long-term investments.
10k is great for people like me who love to buy as much bitcoin as possible, but it doesn't mean that we are going to end up seeing the price changing all that much, it would be weird if we wanted that. What we are going to see instead however is price at 100k which would make me happy and everyone else happy as well, only people who would not be happy about that would be people who do not buy any at all. And I do not think that it would make sense. This is why I believe that we should be focusing on making a bit more profit when we are dealing with 100k type of prices, it is not the same as 10k because that would be a very long term period that not everyone can understand. |
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...I lost a lot of money in such a bear market and I want to calm down a little, I heard that there are options to earn big money on bets in different liquidity pools and staking, I want to know where you can find a platform that will show the best percentages for betting and liquidity. ...
The Waves.Exchange cryptocurrency exchange offers quite high interest rates for the liquidity pool and staking. A lower APY, but correspondingly less risky placement of your funds, is offered by Binance. You should do your own research to choose a platform, as it is your money and you should be responsible for the decision yourself. It's not always a real thing though. I remember very clearly places that offered a lot of money to be there, but then as soon as they started to get people, they dropped their rates, or places that scammed others, or places that basically let people wait longer than they should because of "vesting" bs reasons. All in all, if I do not trust the exchange then I do not trust the rates and I have to say waves isn't exactly at the top of the list of best exchanges. Meaning I would have a hard time trusting their offerings, maybe it could be looking good today, but let's talk about it in 6 months to a year and see where you are still standing and how legit those numbers look. |
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If you know how to trade, you can profit from day trading.But must trade on good coins and choose good exchange for trading.Let's say you trade with bitcoin, but bitcoin is going up and down from 500 to 1000 dollars if not every day.Here if you understand the signals about trading then you can profit in this place And if you don't have any knowledge about trading then trading why you can't profit even by long time trading.
You could consider trading bitcoin up and down a grand, but that doesn't mean that it would be profitable to keep doing that forever. It's a small amount of profit based on what the moves are and you have to be on the right side majority of the year to make a good profit. If you do right moves for 250+ days a year and only make bad ones for about 100, then you would be fine, but are you really trusting yourself to make that much profit that many days a year? I personally feel like it would be smarter to just invest, and wait for it to go up because if it goes up double, that is more than enough for me. Imagine if you could double your profit many years in a row, that makes you a millionaire in no time. |
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Well, no one really knows and it's still gray. But what we do know is that the world is moving towards a more decentralized system where peer-to-peer transactions are faster, safer, and easier and its growth continues to grow and get more and more popular.
but for sure and i think bitcoin is running like a virus in society, and is currently a tuff to buy base level crypto currency. So plan ahead to buy as early as possible, even in small quantities that will make a big difference in the future.
owning bitcoin must have good trust and confidence and don't care about the problems that occur on the way because it will make us do wrong actions and regret later on.
That is right. There is no guarantee about what’s going to happen but we all know that it won't be an easy thing, it will take a while before people realize how serious bitcoin could become. It is already talked about in all finance shows, and there are way too many people who think that it is something decent. But, that doesn't change the fact that we shouldn't really be worried about current situation of bitcoin being on a bear market, because right now has nothing to do with the future. We should just focus on how great we could get, and if we do that then we are on the right track, and I guarantee you that we are on the track to be great in the future for sure. |
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Honestly if this was something that could stick around the world, they would do this to a million people at least. Even the projects that gets created these days are a basic form of ponzi if you ask me, how? They create this fake token, sell it to people, and to make sure that others come in, they pay out of pocket small by small, either via staking rewards, or liquidity or any other 146 methods.
So, if you ask me, this isn't a big deal, it is something quite normal and understandable. We shouldn't be shocked about this at all, people could realize they are getting scammed all by themselves and if they do not, SEC is not bringing their money back to them at all.
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There's no advantage by using it. How good the stable token actually depend on its peg, once it was loosing to peg with the fiat value and it will become the end for the stable token. The fact that if the price of stable token depends on a lot of factors.
People in here are using stable tokens to avoid the volatility in the market. that's the only reason why it's exist now. As long as it's fullly backed by fiat like 1:1. Stable token = fiat money
There is an "advantage" because you could move money around in crypto faster by using it, but there are a lot of people using trx chain with usdt and not worry about anything else. In fact, I had a person send me 20 bucks on erc20 chain which is a weird move considering how much it costs just to send it, and yet even that was enough. So, I have to say that it is a smart move to use another stablecoin instead of using TUSD, it's really making it a mute point to go with TUSD when the others are making sense at least as much. This isn't a big deal because you do not have to actually care about TUSD at all, but you could use stablecoins anyway. |
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Same happened with me as well personally. I had about 45 bitcoins back in the day, and sold them for a great vacation. It wasn't really "free" at the time, it was like 100 bucks each, so I rented somewhere amazing and had the most wonderful vacation of my life that I will never have again, because I will never have that kind of cash to throw at a vacation. But, I made my peace with it, it was a once in a life time thing if you asked me then, if I kept it then I could have done it every year, but I didn't and I am fine with that. This is why I believe that not every early bird is a rich person, there are thousands of people like me who missed the boat. |
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So if grayscale is one of tge biggest whale they know when and how market moves.
Then lets collect money and pay them and other big whales to give us correct info
I think if we pay them each month 500,000$ that will do
Wht u think ? Merit for sure good innovative idea here
If you are not sure about how Grayscale got their money to begin with, then you shouldn't be even talking about it. But I have to give it to you, you create some of the most low effort and horrible topics in all of bitcointalk and yet you are still getting attention that you want, mainly people who would like to have a serious discussion for some reason, but you are not after serious discussion at all. It means that all you care about right now would be making sure that you do not end up with a person who ousts you and I won't be the one. I personally believe that the best thing you could do right now would be realizing grayscale doesn't work with 500k per person type of funds. |
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In general, this is how it should be. After all, the cryptocurrency was created as an alternative means of payment for the current payment system of states, which is subject to periodic inflation. Cryptocurrency is not tied to the fiat of states, although it has a price in fiat. Therefore, it would be quite reasonable if, with inflation rising, as it is now, people turn to cryptocurrencies to protect their savings.
It is possible that a small increase in cryptocurrency is provoked by an increase in inflation in most states. How sustainable this trend will be remains to be seen.
This is understanding that if there is a recession then there won't be any place left to make any profit and that is why people are working their way into crypto because they know this is at least one of the places they could protect their wealth. Gold has been doing this for thousands of years but that doesn't change the fact that you can't really make sure that gold will do exactly what you think it will do. That will help people to come to terms with bitcoin which would be making a lot more profit to you and that should be good enough. I personally do not feel the same way, but at the very least I know crypto is much better than any other option out there. |
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