For me, yeah support and resistance do work in some cases, but not all the time there's no 100% proven technique to trade crypto as it is too volatile. In the case of a flash crash well support and resistance will have no effect over the movement. If support and resistance worked in practice there wouldn't be major crashes like that one which sent bitcoin to 2,000$-3,000$. In such a decentralized, volatile and unpredictable market where few whales movements can cause huge fluctuations I see support and resistance theory somehow pointless. How many times I have heard bitcoin was at support level, theoretically *safe* to buy, but it kept falling...
Indeed the market is volatile and its hard to predict what will happen next, but I won't say support and resistance are pointless because those are keys level other traders are waiting to either enter the market or exist the market,thats why it always the first thing you get to learn when you want to venture into the trading space, support and resistance is just like the basics. |
|
|
|
Something tells me Peter schiff was actually paid to shill gold on twitter  , LOL, I bet his so upset seeing bitcoin breaking its all time high record in a year where everything except crypto seems to be down, wonder whats his problem with bitcoin, why is he so negative about it all the time, anyway the only thing we can thank him for is keeping the bitcoin tag trending, and I don't think his the one helping bitcoin to pump, he's just one man who say bad stuffs about btc BTC , bitcoin is a global currency and its bigger than just one man. |
|
|
|
|
In my own opinion as long as the internet continues working after the world war, then bitcoin and other cryptocurrencies will continue to exist the only down side to this will be that the circulation of bitcoin will definitely reduce alot, cause one way or the other so many people who have bitcoin in their wallets won't make it past the war meaning they might die due to the catastrophes that accompany wars, no matter what US are doing I just hope it doesn't lead to war, cause war is never a good way to solve dispute.
|
|
|
|
We are still in 2020 which for me is the worst year I have ever lived in, and your trying to tell me that something way worse than this is on its way,do you see the future? common man, 2021 can't be that bad as you think, after all the vaccine for covid-19 is already out, just that distributions will start next year, so that's definitely a reason why 2021 won't be that bad as you think it's going to be, so just expect things to start going back to normal by 2021 stop praying for the worst we have been through hell already.  |
|
|
|
The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.
These are the few basic rules of trading, it's always advisable not be too greedy even during bull run, as we all know the market is very volatile because you can never tell what might happen next, all its going to take is just one bad news to make the market start moving in an opposite direction its always best to lock on profits made instead of being too greedy and expecting the market to work hard just for you to get your targeted profits, just like they say a bird in hand is worth more than two that are in the bush. |
|
|
|
It's becoming a frustrating issue when new project you have interest in have no mobile wallet, for over a year and half now I've waited for a project to built their mobile wallet but nothing so far, what are developers thinking? We are in an era where by mobility is the best choice for most people, who still sits in from on a computer just to send coins ? You also have to keep syncing the coin blockchain too to stay updated.
Don't blame people for not investing when you aren't making things easier for them, mobile users are much more than PC users, dear developers start considering mobile wallet pls
I find it really uncomfortable using web wallets, it feels like each time I need to make a transaction I have to run back home to use my pc, which i don't find cool at all, mobile wallets are more convenient to use, because I'm always with my phone even when I go out unlike my pc that is always at home, but I don't know why new projects still prefer creating pc wallets instead of mobile wallets, after all there are more mobile than pc users, not everyone own a pc, that's wh most investors who don't have pc get turned off . |
|
|
|
|
I have no idea when the current bull run will stop, cause the current bull run is quite different from the first bull run we had where whales were the ones pumping and dumping their bags on the poor pleps, this current bull run is being driven by partnerships and more adoption of cryptocurrency happening around the world, so at the moment it's kinda hard to predict when it's going to stop, cause more good news about bitcoin just keep rolling out and everyone seems to be buying and hodling rather than selling.
|
|
|
|
|
This is absolutely true, airdrops nowadays have nothing good to offer anymore, gone are those days when there were airdrops that could give someone $10, these days all the airdrops you come across are just scam airdrops with no real project, as you said after scamming they will go on to open another social media account to begin another scam airdrop, and listing on uniswap is what they usually promise, just to make more people to fomo and help them advertise their scam airdrop, I don't think airdrops are worth participating in anymore.
|
|
|
|
Interesting article about the death of ICOs and the emergence of IEO... https://cryptotradernews.com/investing-trading/are-icos-really-dead/What do you guys think? I don't think ICOs are fully dead. They just need to be regulated in more efficient ways. Most ICOs from 2017-2018 never delivered on their promises because they were being ran by a bunch of assholes who didn't deliver squad... We need more regulation. Only then will ICOs get better imo. Judging from the amount of failed ICO's I have seen after 2017, I can't help but say ICO's are dead, it has completely lost the trust of investors that's why it's no longer taken serious, unlike back then when investors were so eager to invest any upcoming ICO, but due to too many ICO scams investors have lost interest in them,investors find IEO's much more preferable now, cause it offers them safety, IEO is the future. |
|
|
|
the year 2020, we could all say that bitcoin has really made an impression on the world's economy, trading platforms, and people's mind of looking at crypto currency Bitcoin the so called digital currency has set a new land mark, and might still hit more heights before the year runs out .
This year 2020 has really been a remarkable year for bitcoin in the midst of the storm(pandemic) and the financial crisis facing the world at large, some how bitcoin was able to rise so high, it almost broke its ATH record even after dipping to about $4k during the month of March this year, I think the pandemic gave it alot of exposure. Why do people still think it is scam?
IMO ignorance and ponzi schemes that is everywhere is the main reason why alot people say bitcoin is a scam,most especially the ponzi schemes or should I say crypto doublers, scam platforms that promise to double the crypto of their investors and in the end scammers run away with all the crypto that was invested,the victims become bitter and start calling it a scam. |
|
|
|
If my idea proves to be correct, will the government of the country accept it?
The government to accept crypto?, nah not yet,I don't think they will ever accept it, since it is a decentralized currency since they can't track or have control over it, they will never allow their citizens to freely use crypto in their country. 3. If the government can't keep track of people's legitimate money, won't corruption increase?
Corruption has always been there, even before cryptocurrency was introduced, scammers have been using the fiat for a long time to commit several money laundering and theft, just that since transactions done on cryptocurrency can not be tracked, alot of scammers will see it as a safe heaven to hide their stolen funds. |
|
|
|
Fees are still high. I don’t think bitcoin is only for early miners who have a lot of bitcoins, and for rich people’s who have a lot of money they both can pay as High fees he wants. We have to focus on whole users wich don’t have *million of bitcoins and can’t handle such a high fees.
That's not entirely true, I believe the only time fees become high and expensive is only when the network is congested or should I say when there are too many transactions going on at a particular time, so I don't think bitcoin is only meant for miners and the rich people, it was created for everyone, since bitcoin is a global currency now with more people adopting it daily, the network is always congested, that's why the fees are always high. |
|
|
|
|
That's quite sometime there, your probably doing well as a self employed individual, considering how the job market is lately, they are alot of low paying jobs out there they aren't worth waking up in the morning to, I too stopped working cause the payment was nothing to write home about, in my country some people get paid $20 per month, which is very low, after one month struggle oy to end up getting $20, my former job paid higher but I wasn't happy there, so I quit the job, but with crypto i have all the freedom I want,i don't think I'm ever going back to get a job again.
|
|
|
|
I agree that the corona virus is very harmful for fiat.
This can make the value of the fiat currency decrease, due to inflation. While the price of Bitcoin is increasing in a pandemic situation,
because many people just realized that Bitcoin is very good as a store of value.
When the pandemic started, it was nothing but disaster for the financial we saw stocks go down real bad, everything dipped including bitcoin, fiat devalued badly and the government didn't stop printing more of it, like in my country we normally depend on revenue we get from the sales of our crude oil, so when the price of crude oil dipped it affected us badly, the price of everything in our country went up, stuffs you buy for $2 back then, now cost $3 to 4, but I'm glad bitcoin bounced back, and now more adoption has taken place since PayPal started accepting it. |
|
|
|
Airdrop are no longer what they used to be, back then there were profitable airdrops most of them turned out to pay really big, no matter the small amount of tokens they give to airdroppers, although they are a few airdrops that are still worth participating in, but they are very rare and hard to find, nowadays 98% of the airdrops I see around are scam airdrops, made by scammers in other to share their worthless tokens, I gave up on airdrops a long time ago, but if you are still interested you can try https://mobile.twitter.com/Airdropalertcom, I do see some nice airdrops there. |
|
|
|
|
Show Posts
