Bitcoin Forum
June 16, 2024, 03:35:34 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 [164] 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 ... 988 »
3261  Economy / Trading Discussion / Re: Day trading platform on: December 09, 2021, 03:49:08 AM
First of all. Crypto trading is different than stock trading. All of crypto trades are based on a percentage fee while stock market trades are more of a flat fee per trade rather than actual volume.

So in crypto you can buy $10000 and if you got a fee of 0.1% your fee is $10. If you do double the volume then it’s $20

With stocks it’s usually a flat fee so if you buy 100 shares of a stock worth $100 which makes the value $10000 you can get charged a flat fee of $10. If you do 200 shares it’s still $10. But if you buy 1 share then it’s also $10.
3262  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Crypto.com Price Prediction – Will CRO Price Hit $3 Soon? on: December 09, 2021, 03:44:28 AM
CRO seems cheap because it’s less than a dollar however the market cap is already huge. We are at $0.60 but we got a $15B market cap. So if you are expecting $3 that would mean that the market cap would be like $75B which would make it pretty much the #3 coin unless tether keeps printing more and more market cap.

It would still be less than BNB which is at $100B however how many people do you think use Binance compared to Crypto.com
Sure they got great ads everywhere and stadiums however I think most advanced traders rather use Binance for trading than crypto.com

They are however a good way for new retail traders to enter the space. Very user friendly and everything.
3263  Economy / Speculation / Re: I know you have all been waiting in anticipation of on update.... on: December 09, 2021, 03:34:57 AM
This is one of those situation where people are saying that “all gaps must fill” like with the CME futures. Basically if you do some testing you will find that most of the gaps are eventually filled. However there are some which are not.

So even if $1150 was to eventually fill, you have no idea on the time line. It might end up filling finally in 50-100 years and that won’t help you. I also assumed in 2018 when we were at $3K that $1K would be a perfect area to long because it’s a textbook technical analysis level and many others did too and it never went there. Those waiting missed the opportunity.
3264  Economy / Speculation / Re: Bitcoin is getting more bearish, what is the trigger? on: December 09, 2021, 03:29:03 AM
It’s hard to say what will happen in Q1. If you look back at 2018, most assumed that Bitcoin and other cryptos would keep rallying but it was the exact opposite. Kept dropping until the tax deadline date and then started to trade sideways for the rest of the year.

Now look at Q1 2021, most assumed that it would drop due to tax selling like 2018 but it was the complete opposite. It had a very healthy first quarter. So it’s hard to say how 2022 will look.

Right now the ways it’s trading it’s hard to see a new ATH this year however you never know with crypto.
3265  Economy / Speculation / Re: Bitcoin Finally Climbs Back Above $50k, but can it Remain there? on: December 09, 2021, 03:25:26 AM
This move was largely in correlation with the stock market. It started on the day after Omicron was becoming an issue and it just got worse and worse with all that tapering and raising fed rates talk. You can easily compare the two chart and see that when BTC was rallying and then all of a sudden the stock futures were red, it started to sell off also.

And a few days ago the stock market started to rebound and so has Bitcoin. Most alts already recovered and BTC looks like it will retest that $53K resistance soon. So I can see some upside from here.
3266  Economy / Speculation / Re: I know you have all been waiting in anticipation of on update.... on: December 07, 2021, 03:36:30 AM
I could see the last prior ATH of $20K being retested, after all we came to $28K in the Summer. However I don't think we will retest the $1K ATH, if ever or for a very long time. I think if bitcoin actually went that low it would be due to some major event. For example, if Craig Wright actually was indeed satoshi and he sold all his 1.1M BTC at the market.

However I don't see that scenario happening. The $1K retest was possible maybe in 2018 and we came close to $3K. However I don't see it actually pulling back what 98.5% of its value, even the crappiest altcoins didn't go down in value that low, I don't think BTC will. Maybe $20K is possible, maybe $18K however not $1K.
3267  Alternate cryptocurrencies / Mining (Altcoins) / Re: mining will become illegal on: December 07, 2021, 03:26:03 AM
Do you live in Venezuela ? I heard they are cracking down on mining there because the power is subsidized by the government and they don't want their power used for mining. I don't think this will be easy because these days there are easy ways to find miners.

One way miners get discovered is just by looking at the electrical consumption. Many early miners got visits by cops because their electrical bill went up and the police assumed they were growing weed. Another way is by thermal imaging, usually some helicopters fly around and look for any areas where there is massive heat where it shouldn't be.

3268  Economy / Trading Discussion / Re: TECHNICAL ANALYSIS on: December 06, 2021, 02:58:57 AM
Keep in mind that technical analysis won’t help you alone. Basically at any point in time on the chart with price there is some indicator that is selling you to buy and sell at the same time. You need another reason why.

My advice follow the general trend, also look at fundamental. And what really seems to work in crypto is looking at the funding rate. When too many people are bearish at the bottom, go long. When too many people bullish at the top go short or at least don’t buy at that time.

If it was just as easy as looking at a moving average then everybody would be trading and the markets wouldn’t exist.
3269  Economy / Trading Discussion / Re: Bitmart exchange hacked. on: December 06, 2021, 02:55:59 AM
So since BNB chain is pretty much centralized by cz. Any word if they will Blacklist those addresses and tokens or are they already sold and converted into ETH.

This is actually the only one good thing about a centralized token or blockchain, when thefts happen they can freeze the funds. Like when Tether got hacked a few years ago they just blacklisted those funds.
3270  Economy / Speculation / Re: Bitcoin on sale, will the support continues to hold? on: December 06, 2021, 02:50:01 AM
The stock market futures just opened and it’s almost up 1%. And crude oil futures are up 2.5% and most important there wasn’t much Omicron news over the weekend. Seems that people are starting to move on.

So there is a good chance the stock market will start to rally again after this sharp sell off and cryptos will take off afterwards. There is still the issue of tapering and fed rates however that will be a larger issue towards the end of Spring.
3271  Alternate cryptocurrencies / Mining (Altcoins) / Re: I made the right decision in November on: December 06, 2021, 02:43:24 AM
No idea when the OP sold his GALA or SAND but those already at one point took a 50% hit from ATH. And it’s only been 1 week. So there is a chance that his alts that he sold will be worth 90% less than ATH in about 6-12 months. So I don’t think there is any GPU he can buy today that will lose its value by more than 90% within 6-12 months. So I think he did good.

I remember there was a website in the past which showed alts coins and their drop from ATH and majority of them were >85% and many were at 99%.

Remember cryptopia? They would list an alt and when it reached 1 sat they would start an LTC pair and it would again go to 1 sat in LTC. Basically lost 90% of its value and another 90%.

3272  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Forecast for SHIBA to the end of the year. on: December 05, 2021, 03:16:54 AM
Hard to say what it will be at the end of the year. Most likely where it is right now. However I am pretty sure at the end of next year it will be something like 99% from its ATH price.

This is a meme coin and basically it’s like a pump and dump stock. Don’t hold it long term. Now it’s on support and might rip higher to a new ATH but eventually it will be one of those coins which is at 90% loss from ATH like we had in 2018-2019. Be very careful with Shiba.
3273  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Are we waiting for the crypto christmas gifts(new highs) on: December 05, 2021, 03:13:46 AM
It’s hard to tell what can happen. Usually there is less trading going on closer and closer to the holidays. And I don’t think crypto is going to go anywhere unless stock markets find some support somewhere. Currently there are many traders which are losing tons of money and getting margin called.

Since Bitcoin is correlated then it usually leads to a sell off in crypto assets also. So unless we got some confirmation that tapering is post poned or that Omnicon variant is nothing to worry about , then we will either keep dropping or trading sideways.
3274  Alternate cryptocurrencies / Mining (Altcoins) / Re: I made the right decision in November on: December 05, 2021, 03:09:59 AM
Some times charts can be deceiving, look at the market condition this morning every YouTube crypto traders never saw it coming this is example of how bear market can come when we least expected, everyone thought that this month will be the best lol

Yeah they never expected it, usually December is always good for crypto, anyway, that is how it works, the hehell crash people will never see it coming, usually btc crashes 50% then stays sideways for few weeks and if there is no pump anymore within 2 to 4 weeks then another 40% crash comes. I still think there will be a last bulltrap before this crashes hard, so I dont think this is over yet but is very close to the end of it. Although 69k for top is less than my 79k prediction. There is still room to get to 79k to 89k then hehell.

Yes I also assumed that $69K wouldn’t be the top. I figured either the $74K fib area or $85K which was another fib projection area or when CAD and AUS pairs are trading at 6 figures. Didn’t think $69K could be the top. But you know how it is. We all assumed we would get one more rip into ATHs and we would all sell before $100K and instead the opposite happens.

Now with the holidays coming and then tax harvesting selling, I don’t see it happening in December. Maybe in Q1 if there is some catalyst such as Elon musk accepting Bitcoin again. Either way this was a flush that we needed. Way too many bullish people recently.
3275  Economy / Trading Discussion / Re: Never sell for a loss - is a Myth !! on: December 05, 2021, 02:59:50 AM
Unless you are playing with money you can lose then you always need to have an exit plan somehow such as a stop loss.

Imagine seeing Bitcoin go to $69K and you bought the dip at $67K because people on the internet promised you $98K Bitcoin at the end of November. And it kept going lower and lower and lower and lower. And most likely you couldn’t take the losses anymore and you would sell at $42K like last time. If you used stops at like $65 or $64K and reevaluated your situation you wouldn’t be in this mess holding a huge bag.
3276  Economy / Speculation / Re: What is your analysis says about btc in Q1 of 2022?? on: December 05, 2021, 02:56:19 AM
I think it will range for a little bit in the new year. That is unless $42K support breaks and we head down to like the $30ks or something.

Usually after a dump like this, it will be ranging for a while and it’ll most likely be accumulation. Similar setup that we had in the summer. Basically it dumped all the way to $29K and ranged between that and $42K for months. It tested support a few times, held and we managed to go higher when everybody assumed that $28K would break and we would head down to $20K.
3277  Economy / Speculation / Re: Bitcoin is getting more bearish, what is the trigger? on: December 05, 2021, 02:49:33 AM
Last night was a number of factors. One being that many people kept opening up leveraged positions in the $50K areas, and it led to a cascading dominos type of liquidation deal.

Another was that it was extreme thin liquidity being on early Saturday. How often are there big moves during that time? Almost never.

Third was probably some stock market traders took huge losses earlier in the week and closed their crypto positions also to stop the bleed.
3278  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Could Floki inu be the next shiba inu? on: December 04, 2021, 02:56:10 AM
Floki I saw it on bus ads and it only tells me one thing. That it’s a pure pump and dump meme coin. Only reason people are buying it is because they missed out on Doge and Shiba.

It’s a highly risky and speculated token and it just for trading. And it’s hard to tell whether it topped or not. However lately what is happening all these meme doge coins are tanking and the future doesn’t look bright at the moment for floki.
3279  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Sand Could hit $50 within next 2 years? on: December 04, 2021, 02:52:52 AM
It’s very hard to tell what it can be worth in 2 years. I think it might either be $0 or $50 because it’s hard to say how all these types of coins will be used in the future.

Remember 2017-2018, there were so many projects which were suppose to be revolutionary and now they are pretty much dead. Same can happen with coins like SAND. It’s very short term speculation and already it looks like it might of peaked last month.
3280  Economy / Trading Discussion / Re: Would you like to trading with meme coins?? on: December 04, 2021, 02:49:09 AM
Trading meme coins is purely momentum driven. When there is strong demand such as Musk pumping doge then you gotta get in quick and when you notice the hype ending then you need to get out quick.

Doge isn’t the only meme coin. There are stocks also like GME and AMC which aren’t meme but they pumped like crazy during those wallstreetbets days and now they are heading downwards because the hype has died off. SHIB is also another one which was hyped like crazy in the past and now it looks like the trend is downwards. Will most likely lose 99% of its value from ATH.
Pages: « 1 ... 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 [164] 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 ... 988 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!