Is it a good time to put some money into eth, or is it falling more?
Yes, I think now is a pretty good time to buy ethereum, because since a few months ago the price of Ethereum has decreased to 50% of its current price, from $4000 and now only $2000. then this is an opportunity for us to make long-term investments. and I believe the price of ethereum will continue to increase in the future up to $5000 to $6000. and this is my opinion. and i have done it. because I don't want to be a spectator when a BULLISH market occurs. ETH has a better future compared to other altcoins which is a big factor that encourages investors to choose this coin. Thus, buying it now seems to be the best decision as the moment that the market will recover, ETH went high as well. But of course, we need to learn how to become patient, we need somehow to know to hold longer as the market won't just recover instantly as it takes time to have it. If we can buy ETH last year, then we have no reason that we can't do the same this time which in fact the price is cheap already. Fibonacci-wise, a decline in the 50% to 61% level becomes an attractive area to buy, and is currently entering that area, so I think it's a good time to collect ethereum. for many people, they may still have doubts if they don't have a personal basis, therefore having a personal analysis is very important, rather than reading the posts of people who told to buy, like me in the selection of that area |
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To choose stable coins that are safe and easy for us to use in investing, of course USDT and BUSD can indeed be relied on, but for now many investors are using USDT and it is easy to find coins to invest in, although in the last year there was negative information about USDT but all of it was not proven so that until now it is still safe for us to use.
actually usdt is more flexible for various exchanges, especially if you look at its volume, usdt is a top-tier stable coin, even though there is some negative news about it, but that problem can be resolved so it doesn't have a negative impact, and until now it has been proven that usdt is still a favorite choice stable coin. but we also can't underestimate busd, because busd is on the auspices of the largest exchange that has no doubt about its strength |
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We have a lot to learn and we are learning but it is very difficult to learn or manage anything without prior experience in Bitcoin or Cryptocurrency. But when you talk about Bitcoin so many people avoid the topic, but if you want to gain experience or learn something new from the real market, you have to accept both profit and loss.
If you look at the behavior of the market over the last few years and look at the current market then you can clearly understand everything. You may get answers to many questions from there.
It's not that difficult to learn if you really survive a bear market in crypto, the thing is that it will be expensive to all since lot are likely to buy at the top. Bitcoin isn't just about the financial value in terms of profit and loss, it's more than that though. I believe even if you came here like couple of years ago, you already experienced a lot of mini bear markets. And at some point, you already lost something owed to your investments. I don't think you will have a perfect record of always gaining from your investments. But if you are, you are one of the lucky few. What I am trying to say here, is that even if you are a relatively newcomer in this industry, by now, you already got some good tips on what to do during bearish season. And if you are a strong believer of bitcoin and you have money to spare with, I guess, you are slowly accumulating your bitcoin to prepare for the possible increase of bitcoin in the next coming days. Actually I do and that burns my money especially by doing it in the leverage trading. No one will have a 100% or even close to90% of winning percentage, at some point most are even at breakeven or at loss. Those winners are those who wait in it patiently. I am accumulating Bitcoin from now on, it's just regrettable that I focus in the past trying to get altcoins instead. waiting and having a clear plan and clear analysis is the best way so that our waiting is not in vain, because it will be useless if we wait for a new coin that has no clear direction and purpose, unlike bitcoin which feels safe to wait, even without analyzing, but if analyze it then we can get a better price. and will get more profit too. but sometimes many people want a bigger increase that is on altcoins, so we have to be careful about that |
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The main thing that I would advise you to devote enough time to is training. In my opinion, this aspect is extremely important and clearly requires preparation and work on the result.
This is really what most of us need and also add patience because you know whether you devote time to learning things, without patience, you ca last long and not be able to trade well. Trading is mostly about your emotions. If you know how to handle it, then that is good because some of us are really emotional when it comes to trading. That is why they lose because they take trades that they shouldn't and the strategy hasn't met yet. Knowledge is power, and trading losses teach you to take the time to understand what you did and why you lost that trade. Patience and having experience help to get the point you wanna see yourself as a trader. The 5 years of screen time on charts makes you an average trader and pro trader requirements can easily go over the mentioned period. Successful traders know what they are doing because all parts of financial markets have similar working mechanisms. Emotional control can save your day since someone who can't control himself can lose in a day the profit that accumulated in a few weeks. The main thing to learn is psychology, where most traders feel afraid when floating plus, and feel relaxed when doing floating minus, without knowing the limits of their tolerance. so that when you make a profit, you only get a little and when you lose, you experience a big loss. therefore we must study trading analysis, so that trading will be according to the analysis path that has been made. With discipline towards analysis, we as traders will be able to know the development of trading knowledge within us |
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one of my greatest mistake as a trader is going into a Bullish market for a sell instead of maintaining my Buying position , when my indicator signified pull back in a lower time frame  ......later got hit by my stop loss If my understanding is correct, bullish seasons are the right time to sell and buying by that time isn't really that good unless there's a higher price during that bull. As for setting stop loss, that's really the purpose of it. That's going to minimize the potential losses that you'll get instead of no stopping as the market plunges so it's still a good thing that has happened to you. Stop loss is basically the motor stop of all crypto trading. It means that you are going to get out if something scary happens, prevent a crash and keep you alive. I keep saying that stop loss should be used in a way where you could be crashing so hard that it would be an idiotic move not to sell. Like for example Bitcoin dropped recently didn't it? You didn't need to do a stop loss there, you could make a long time purchase and just DCA that to recover in the quicker return time period. However when you see Luna, you understand why you need a stop loss, because if you did a stop loss even at 99% drop, you could have saved yourself and make more profit. But most traders won't use that strategy because they thought they know the market well. Who would have thought that LUNA will crash this badly? Aside from few Youtubers who predicted about this Luna catastrophe, a lot of holders were actually hoping to gain from this investment. But I do agree with the use of stop-loss strategy, it may be your savior in some of your trades. there are many stories about saving assets by stoploss, which actually cannot be underestimated, especially for us trading in the long term, for example like yesterday's luna, just put our stop loss at 30%, of course terrible things don't happen. with a sudden decline in the market indicates something is not healthy for the market. therefore we must be able to minimize risk, although sometimes we are deceived when the stop loss is picked up and the price goes up again |
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~snipped~
which does simply shows that you would really be needing a couple or 3 or 4 depending on what you do need. You're on point for seeking extra confirmation. There's every tendency that whenever two or three indis confirm the same direction, it gives a higher level of confidence to take a trade than when only one confirms. However, we've to be very careful loading our charts with indicators that we don't even get to use. That's my point. Traders who do that hardly get better results than those who use a few. The reason being that one could be missing out on trades because of conflicting signals from the so many indis on the chart. Whatever we do, it's better to keep it simple anyway. I think 2 indicators or 3 indicators are enough to start trading, indeed between indicators sometimes have conflicting signals, if they are contradictory and we have doubts, then you should not make transactions, because of course the three indi will have the same signal within a certain time . I think the EMA, stoch, and rsi indicators are enough |
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Buying after a huge crashed from the All time high price is a boss move, however, it could dip even more but of course we're not sure. Buying during this kind of season would test your patience, because it might take years again before the market starts to rise again. So we have to be careful on what we are going to do for our funds not to go in vain just in case the coin that we bought will be delisted, something like that, just like what happened to LUNA.
Luna has become a hot topic of late, where this altcoin can drop up to 98% in just an instant. buying at the current state is good for top coins, but to buy luna I think you have to wait for the latest news first, considering it is very risky. For those who are experienced, I think something like this is actually used as an opportunity to find a buying area, but prepare capital if there is a decline again, because we don't know for sure when the bearish season will end. |
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I think we are too late to convert stable coins because we are expecting a return from market recovery, if I know the current worst downturn it would have cut losses early on but we have continued to engage in fluctuating market.
Unfortunately, there is no prediction about the current market situation and we are in a bad bearish phase due to various FUD news to bring down the crypto market. So I can only suggest, that you hold on to the coin from the biggest losses in history this year and hope the market moves to a high recovery. If it's already happened, especially Luna, has decreased by 95%, then our speculative soul should still hold on to it until it grows and can reduce losses. but there are also those who have a strategy of doing a cutloss and choosing another altcoin with more potential by eliminating their disappointment at the luna tragedy. Of course, all predictions must be based on our beliefs with the analysis we have |
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I think you have tried to do arbitrage trading, but you have chosen wrong altcoin for that. You have completely missed with your choice. Yesterday a lot of people made similar mistake, when Luna price went from $0.80 to $4.5 at the evening, and different exchanges offered a complete variety of Luna price.
Lunas price is 5 cents only right now. I suggest you to keep this alt as a reminder how things changes quickly in crypto. And a notification to everyone - dont choose an altcoin to invest in only by looking on its position in top (this refers to those who say "take anything from top20" and etc). Luna was in top15 and in 24h has fallen down to #143 place.
to speculate on Luna I think it's okay, but with some of the capital we have, considering that Luna lost a lot of investors, and of course we can do short-term trading, because the bitcoin trend is still declining, so it's affected, in addition to internal problems from Luna's own project. . yesterday someone managed to do arbitrage, but after that the exchange went into maintenance |
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Bitcoin has always been the first choice even though the current price of Bitcoin continues to fall but I never doubt the price will go up again,
it's only a matter of time so the most important thing is that we have to be patient to wait for it,
besides Bitcoin I think the coin worth buying is the top altcoin
I will probably be selective of the top 10 coins for the best coins other than bitcoin on the priority list, I may not get a second chance to buy at the lowest price because all the top altcoins are very potential to be added to the portfolio. Apart from the top 10 altcoins, there are actually many potential altcoins such as polygons. almost all altcoins have decreased as well as bitcoin, but don't buy them at one price, just like these days there is always a decline, so we can make gradual purchases. and until we finally get the price at the bottom, and that makes it easier for us to find a bigger profit. It does take courage to decide to buy, because we are haunted by whether the market will come back down again |
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In trading, we actually already know the risk and reward at the beginning before making a transaction, because we already have a plan and framework for making transactions, along the way, the emotional level that can change our trading flow so that the plans that have been set at the beginning often don't work because of greed, and after that the concentration will be damaged and the panic sell that is obtained. therefore we must always try to control greed
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The most common mistake that newcomers make is to buy on speculation. As a result, investors buy at a high price and sell at a low price. Most newcomers want to make money simply by riding the rally, without considering the coin's future or other factors that are driving it up. To avoid this problem, it is critical that you find an experienced individual who can guide you through each step of the process. MyCryptoParadise is the best option in this regard because they understand all market behaviours, their Crypto calls are perfect, and they can provide you with the best advice based on your trading objectives. Finally, If you are serious about trading, you should definitely follow them.
Newbies who are into the space for the first time, should take time and read PDFs that would be of great help to them. People who are not financial stable should only gofor coins that will pumped not the one that will dump on them. There are countless number of shitscoins in Crypto, some coins are there just to drained your Money, coins like TRX, let me say it's almost a stable coin. From year to year, it's doesn't pump rather it's just there in the space and the crypto Guru behind the projects just Abandon the project. Secondly, also go for coins that top influencers in the market quote about, influencers like Elon Musk, CZ. for beginners maybe the first investment is knowledge, by learning we will understand many problems that are generally done by a trader, so don't make that mistake, if we keep doing it, then we can keep a journal to be a reminder for the next day. that way, over time we will become more shrewd in responding to the market, and eventually without realizing it we will become traders who are confident and can control themselves, so that profit seems to follow our trading way |
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I came across an article a few days ago. But, I can't trace it back to share the link here with you. But, some points that I can recollect from that article are as follows.
People trade with their emotions: they have an initial specific amount to trade but, getting on to the exchange they change their mind and trade higher amounts which results in big losses.
So under the article, I could remember points like writing down every action you've made while trading. Stuff like, I lost xx amount of money today, made x amount of profits today.
Putting these activities down in a journal does it helps a trader to make a better decision? Because I know of many people that are in control of their actions. They got these activities recorded on their brain. Regarding it's related to funds or assets. They may not forget a single activity immediately unless in the future. And it's one reason I can say that a journal is good for remembrance only. What are your thoughts on having a trading journal to better your trading experience?
different from me, keeping a journal is very important, apart from what we do open transactions, and the end result, in the journal I usually complete with a description of each transaction, this is useful for helping the formation of stable emotions, for me by looking at the previous journal, I will remember the mistakes that have been made and how to overcome them, so that in the future we can analyze the development of our trading, this is not a matter of profit and loss, but forming a healthy trading system |
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Bitcoin and Ethereum are falling and it has been quite some time now. There's nothing new to it. We should just wait for a reversal to buy more and I guess until then it's better to stay away from the market. P.S : Where are those people these days who say "I told you bitcoin is a scam and it will fall". It's been quite some time since I have read those posts  if we learn from the previous bearish season, there will be a lot of fud news popping up. on the other hand there will be many people who are afraid to buy, and experience panic selling. but whether this will continue, I think in time the bullish season will come and we can celebrate the victory of our patience. bitcoin if we look at Fibonacci, maybe around $26k for 61% points, and we can take the opportunity to buy |
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I don't think anyone will believe when the satoshi figure appears, what many are waiting for right now is the price increase and positive news about bitcoin, all we have in mind is money, and only a few thoughts about the functional development of bitcoin. then I guess there's no point in having a satoshi appear, even better its whereabouts will always remain a mystery
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Everyone certainly does not hesitate with Gold which is a measure of wealth and economic stability, but for those who want a big profit in a short time, Crypto is the best solution, as we know that the chances of the Crypto increase can be hundreds of percent per year while the Gold and Silver Record increases never reaching 100% in a year.
after we compare the benefits of each investment field, then we must also take into account the risks. gold and silver have a physical form as jewelry, although the increase is not more than 100%, but both have a small risk, considering that everyone in the world already believes in it. while crypto even though it is possible to experience an increase of more than 100% in a year but the level of risk is higher, so we must be careful in analyzing it. I personally prefer to invest in all three |
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Environmental concern is very important to make us survive and avoid natural disasters, and we must be aware that most of the disasters that occur due to damage to nature, such as floods, tsunamis, landslides and so on because humans damaged nature by cutting down trees.
Lot of environmental degradation cause by human activities are so much that we are paying for the consequences and our government does not seem to understand why they need to center area of focus on this aspect, i got to discover that most of the natural disasters would have been geared by the influence of the environment which the rate of pollution is the major forces behind it, how do we go go about the restoration of the environmental system and make a good living for both man and animals, this is a major concern and government have the highest role to play in such situation. Human survival in the future needs to be considered, therefore the balance of nature must be maintained, many government efforts apply regulations for mining, the ecosystem in it is maintained as much as possible so that not many living things become extinct. on the other hand we also always commemorate world environment day, which aims to warn us to jointly protect the earth. therefore the choice of alternative energy I think is very suitable to maintain the balance of the ecosystem |
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The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
Maybe got a point. Its kinda hard to track a centralized exchange on chain, which was hacked. Even the said exchange hacked, there is no showcase of it that can ve seen onchain. There arr plenty of movement in and out of big markets and seeing this will give us only minor views that can ve verified that the hack is that. Its more seen on decentralized but when we talk avout cex hacked it could be an inside job as well. Hacking is an act of theft that occurs on an exchange, it is logical that an insider could do it. because not a few said they were hacked and their exchanges were closed, and that was just an excuse. especially in the absence of a clear legal basis, it seems to be an opportunity for them to make it a job. therefore I personally prefer to keep it in a personal wallet, to maintain security, because we find it difficult to file a complaint when that happens |
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When people are loosing their confidence over this project and the price will be started to dump as people are moving their assets into the new tokens that available in the market. The price is quite stable for now but this is caused by the small supply that available in the market. This is making the price can sustain from the dump. i thought that if you didn't aware if the price was not dumping a lot.
On the other hand, seeing the decreasing price of bitcoin, it is not surprising that other altcoins will follow suit, especially since Safuu is a new project that still needs more communities to develop its projects. lucky with a small supply keep it more stable than the others. we can see in the next bullish season whether there will be any plans to make changes or not. I think the news about safu will have an impact, because new projects are generally only fundamental analysis that can be used as a benchmark |
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