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321  Economy / Trading Discussion / Re: How to place orders quickly on 1m intervals ? on: May 24, 2023, 01:55:57 PM


I understand the point Op is trying to ask not really about scalping techniques. I think he is trying to ask how to use stop loss or take profit immediately or simultaneously as the order is being queued in without either the stop loss or take profit being hit just as the order is activated. Well if my explanation is what is really in his mind, then I think I was feeling that way too in the past, maybe I searched for assistant on that through different means and trading platforms but as time went on I realized that the stop loss or take profit is being hit as fast as the order is taken because they are very close to the entry points. So what I do is to set them far from the entry point and afterwards I adjust them manually to the points I want it but I think this technique may not work well for a low time trader like scalper of 1 minutes or five because he may not meet up to the adjustment. You can set your stop loss or take profit at same time with your order but you can increase the space away from entry point and afterwards adjust to the point you desire.
322  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Selling Altcoins for BTC on: May 24, 2023, 12:31:13 PM
My first instinct was to unstake the ether and swap for BTC. My issue is that, If I did that right now, I'd sell at a 50% loss. The counter to that is that if im swapping for BTC, the btc price is also down, so..... If I wait till its up, its likely that BTC will be up too. I have this back and forth battle going on mentally of weather I should just sell now or wait.

I see from your post you still learning the system and coins. My question is if you unstake and swap to btc are you intending to sell immediately because you talk of 50% loss so why swap to btc when you can unstake your etheruem and sell direct and moreover btc transaction fee is still a little higher than what it is in etheruem. It will be of no investment value if you unstake, swap and sell in bitcoin. The second point is if you want to swap and hodl in btc for longtime well it could be better investment idea because I believe btc has profit potential than etheruem. So by hodling btc on a longtime, you won't talk of 50% loss but maybe profit at the time shortly after halving.
323  Other / Beginners & Help / Re: What are some common challenges in bitcoin;and how can they be addressed? on: May 23, 2023, 05:02:38 PM
Hi mates,what are some common challenges most of you have faced in bitcoin and how they can be addressed...

My biggest challenge is belief, I have a hard time not selling every time Bitcoin is going down, I have to cut my losses, and I admit I have weak hands because of impatient because of the long wait, this is something I'm trying to overcome and it's very challenging especially if you invested with money that I can't afford to lose, you have an attachment to your investment that you don't want to lose it.

I think I would say bitcoin investment is not for those who are greedy and wanteto invest today and after one week they want huge profit. Those category that will use money they can't afford to lose for investment, those using small amount of money to trade and increase their leverage more than 10 times will find bitcoin challenging because these mindset will only be seeing bitcoin investment as gambling. Bitcoin is not an instant money spinner, it takes process. However, my challenge with bitcoin is when the fees for transaction goes high and cause confirmation delay.
324  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 10k investment on: May 23, 2023, 03:11:54 PM
I think investing is not for everyone it does require luck.Because I first bought some dollar amount of bitcoins.First I was in loss then recovered and made some profit but still not selling then not selling now again in loss.


I think bitcoin is easier to invest and go out with profit depending if you understand the circle of bitcoin. If you want to profit in bitcoin then you have to invest to hodl for a long time probably longer to halving that will drive bitcoin to ATH. You need to read on bitcoin https://github.com/bitcoinbook/bitcoinbook. If you are investing for short time the price may probably not move faster as you are expecting your profit. Next time take a longer ride with bitcoin.
325  Economy / Trading Discussion / Re: Other Alternatives to Borrowing Money to Start Trading on: May 23, 2023, 01:32:39 PM

So, after weighing the pros and cons of taking out a loan to trade with an amount I can easily pay back in order to reach my $100 target even I lose versus using $10 to trade in order to reach my $100 target, I will choose to take out a loan to trade as long as it is money I can afford.


I think to follow the above is going to be better for Op because going on a trade with just $10 account is a risk that the end is already known so I won't advise that either. Trading with that will lead to taking $10 loan each time the account is gone and that can happen as how many times that you can imagine and going above $100 money for outright loan. To support the loan also is risky but I believe is better because of the considerable small amount involved ($100). I do not support loan , I can suggest an intending trader to save up and have reasonable start up money. To be patient in trading is a good trading skill because the money to make is always there.
326  Economy / Economics / Re: When will we stop living for the weekend? Escaping the 9-5 life. on: May 21, 2023, 07:28:15 PM

On the one hand, I don't want to complain; through the last few years of working, I've been on vacation four times, from 2020 to 2022, which isn't bad at all. On the other hand, I'd like to constantly travel and explore new destinations, the majority of which we'll never experience through this way of life.


Hahaha This is traders delight. Working round the clock doesn't give you this kind of life to travel, explore and experience new countries, villages or towns, get fresh stories and new environment. No you won't get such life if you keep working for someone.

I believe there are only two sets of category of persons that can life that life you are longing for

1. The only way that can happen to you if you are focus is only when you invest, establish yourself to become employer of labour.

2. To be a profiting online trader.


Do you believe that there's a true way to escape this vicious cycle, or are we doomed to live like this forever?


Things have changed with age and modernity, so people are moving away from dominant jobs to itinerant jobs, I believe this is a way to escape.
327  Economy / Speculation / Re: High tx fee has historically marked the sell-off. Is this time different?? on: May 21, 2023, 06:07:53 PM
At tx fees have been back to $1-$2 for a whlie now.


Yeah I could notice that. Highest fee for priority is now between 5-7$ depending on the setting and speed you want. Like you said I also don't believe that high fees was the reason for sell off because even doing that then requires high fee processing. It was normal for a drop to complete, price has started dropping from two months back before ordinal issues but is getting weigh better now and the congestion is clearing up.
328  Economy / Services / Re: I'll pay to find a specif person on instagram on: May 21, 2023, 02:15:23 PM
i just lost contact with my friend and i want to find her

 Roll Eyes Grin but your post doesn't look like you lost contact with any lady you knew before. You could give your data out if you are serious incase someone can assist you but I don't think you mean what you said, you can find the person yourself, it is easier through you and or you can find through her friends or better ask google  Grin
329  Other / Beginners & Help / Re: In the market, following in the footsteps of Whales on: May 20, 2023, 04:10:02 PM
You can't even follow the footstep of whales because you can't trace their footage. How much do you have to buy coins that will cause panic in the market because that is one thing the whale do by creating artificial fear which makes hodlers to drop what they have while the whale DCA on them. However there are people who feed from the crumps of the whale, they are mainly the group managers like telegram who get a number of information that you don't have but also manipulate their members against the market because they have to make their own margin profit. The market is that way both real life and online.
330  Other / Off-topic / Re: Why full time to crypto why not to Skills on: May 20, 2023, 03:17:12 PM

Riskless investment is not possible because there must be risk in investment if the person who has enough understanding about investment invests, the amount of risk will be less and if the person who has no idea about investment invests then the amount of risk will be high but there will be risk in investment because sometimes someone is confirmed. If you can get an idea about investment and know about the right rules and regulations of investment and have a good understanding of the market, then the amount of risk in investing is very less. It is very important for every investor to get educated about these investment topics.

There is no guarantee in investment whether for person who understands the investment or not, the difference is that for who has knowledge is able to know the rules like when investing in pump and dump coins, the risk is still there if he is not fast to take the profit made before the dump. Likewise when invested in btc, it is not easy to know the exact mark of ATH and that is why at ATH you see some investors buying with the wrong believe that the bull is still on. The risk are there but it is wiser to follow rules.
331  Other / Beginners & Help / Re: [Merit] Share your best posts/threads with Fillippone to be merit assessed on: May 20, 2023, 02:05:09 PM
Round 4


1. Re: How useful is Bitcoin to the youth?

Category: Contribution and Information

Board: Bitcoin Discussion:

2. Re: Sentimental analysis explained!

Category:Contribution and Information

Board: Trading Discussion

3. Re: 2023: What money lessons have you learned so far?

Category: Information and advise
Board: Economy

4. Re: Scarcity and scale of preference

Category: Contribution
Board: Economy

5. Re: My trading constitution

Category Contribution

Board: Trading Discussion

332  Economy / Trading Discussion / Re: What position you make more profit, buy or sell? on: May 20, 2023, 04:57:52 AM

Even though you mentioned that you profit more in opening sell positions other than having to buy more,  I may have a different opinion about that because if your entry price was above average and at the selling point you are going below average in asset DCA value it means selling at that position will not give you satisfaction since you will be on auto deficit due to price changes.

Either you don't understand my simple question or I don't understand what you have said. I didn't ask for a comparison of the position that I make profit on but I ask a direct question on your more comfortable position that you spot out for profit in your trade. I didn't see that confusing to understand and most replies followed through to the question.
333  Economy / Trading Discussion / What position you make more profit, buy or sell? on: May 19, 2023, 10:21:20 PM
Guys my question is simple and it is for others to know or learn. Moreso it should be fun for us to discuss over it. In this discussion, if you are speaking in the favour of a position it means you are automatically speaking against the other position at least this is exactly my own situation.

So as a trader, I have discovered that there is a trading position that I get more comfortable and better chance for profit. This position is sell position. Yes, I have noticed it that I make profit more in sell position than it is for buy position and the reason for this I can not reach a reasonable or logical conclusion on. What I notice is that I have higher trust to get some flesh in the market while on sell mode despite I use the same ndicators and analysis for both buy or sell.

So far the only reason I can give is that sell order is fall time or season as we know with bear. Then if the sell signifies fall time, I use to relate it with the second law of gravity, like an object with mass/weight that is falling down towards the earth. In this when I spot the sell position it just gives me that kind of comfort that whatever that has mass when thrown up most fall down and that the spotting of the sell order is that time for falling.

Or could you say I'm more focuse at the bear time to get a proper signal for the second law of gravity relating to object with mass that fall downwards  Grin

What position do you make profit more and why ?
334  Economy / Speculation / Re: Wrong Predictions as price keep failing! on: May 19, 2023, 04:26:23 PM
Really, no expert gets his prediction right in making a prediction about the price of Bitcoin.
Yeh, Wrong prediction is not something too serious, we need to plan for possible situations in the prediction. we had an impressive Q1 and that will probably be the same in Q2.  In May not have much support, good news for bitcoin but I think the trend is being decided, my expectations will be is June, bitcoin can break $35-40k

Somehow we are likely to see this front and back in the price of bitcoin but the price of $35-40k during the month of June maybe too soon to approach , June is just few weeks ahead and nothing highly spectacular is happening for now around btc so looking at 50/60 % increase till next month is actually high especially now that btc is not in a bull round but in correction and stability stage
335  Economy / Trading Discussion / Re: How do I trade bitcoin? on: May 19, 2023, 12:26:16 PM
You can use binance. It is a centralized exchange platform that you can still use for trading after you verify your account but you have to understand that trading bitcoin from forex platform or crypto exchange platform are not far different and if you are making losses it means you are not trading rightly and can also continue making losses even after you use exchange. Bitcoin no doubt is highly volatile and that is the reason for most traders making losses, trading stablecoins can be a little bit better.
What is the difference? I mean trading bitcoin and trading stable coin. A trader can not prefer to trade stable coin for a stable coin to make profit, that is even not possible for profit making, traders trade unstable and stable coins pair.


I thought you would understand I meant altcoin paired with stablecoin incase that would be less volatile because Op issue was a little about losses trading bitcoin and searching for a place for lesser loses which I think he will get the same anywhere if he is trading bitcoin and can't manage it.

.

Another thing is that a trader can have the knowledge about market, indicators, charts and others, but how the profit is calculated using pips and lots in forex is not the same as crypto trading which requires little and easy calculations. Not that the calculation in forex is difficult too though.

Whoever is interested to trade and produce profit should be interested to learn how the pips come out and the difference from where he made the other being the profit or lose. But overall if a trader has knowledge about market, indicators, charts and others according to what you said then he should not worry much about pips because he is going to supposedly make profit anytime he makes order.
336  Economy / Trading Discussion / Re: How do I trade bitcoin? on: May 19, 2023, 10:39:34 AM
Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.

You can use binance. It is a centralized exchange platform that you can still use for trading after you verify your account but you have to understand that trading bitcoin from forex platform or crypto exchange platform are not far different and if you are making losses it means you are not trading rightly and can also continue making losses even after you use exchange. Bitcoin no doubt is highly volatile and that is the reason for most traders making losses, trading stablecoins can be a little bit better.

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing
Don't trade cryptocurrency with Forex as with their very high leverages, you will hardly to control your decisions and emotions when you open your positions and close them.


I think high leverage is not op's leverage issue because you can adjust leverage use in forex platform. Perhaps Op is new to trade and just confused and thinking an easy way to profiting from bitcoin trading exist somewhere but I doubt he will find that even after reducing his leverage to 1:1 on exchange.
337  Bitcoin / Bitcoin Discussion / Re: Who else has got this experience? on: May 18, 2023, 06:36:45 PM
Thank you all for your contribution.
338  Bitcoin / Bitcoin Discussion / Who else has got this experience? on: May 18, 2023, 04:20:26 PM
Just today after refreshing my wallet since waiting for a pending btc transaction to be confirmed since two weeks when the issue of high btc fees started, I was surprised after the wallet updated, the coin dropped like a pack of card  Grin

This includes the coin that I already sent out but pending from being processed in mempool. This is my surprise  Grin

Who else has got this experience?

339  Economy / Speculation / Re: Know your time to HOLD on: May 18, 2023, 02:52:26 PM

The scenario poured coldness in my mind but again let me know that bitcoin behaves like an asset and asset has the time to buy and sell not the way I thought it will always be be buying.


Never regret to invest or feel left out because there is always another opportunity to invest with you wait for a DCA. Before investing DYOR and confirm to your conscience, emotion and indicators. Yes there is buying time and selling time if you have the eyes to determine them through your lens of indicators but for now, more investors are coming in to hodl for halving, so it depends on what you want to do.
340  Economy / Trading Discussion / Re: The biggest No while trading on: May 17, 2023, 04:19:44 PM
Yeah, but i will priority my emotions when trading, it's the thing i can't remove when im trading, mostly when it comes to disappointments.

It takes an experienced trader to keep emotions in order while trading because chances are that the pump and volatility will affect your decision most times. This is especially when you don't trade with stop loss. Price drop and rise also plays a fast one on you and the adjustment starts to happen and then the pressure is the next thing. You can't really control pressure in trading when you are running out of funds.
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