I saw a video on youtube before that there is live trading being recorded and the exchange was still Mt. Gox before, and the price went to $0 in some seconds I think, or around a minute. But it went back again above $1 after some seconds, so if ever it will happen again, I will buy more, it already happened before which before was still very early of Bitcoin and there was only 1 popular exchange which is Mt. Gox.
P.S. I can't find the video on youtube.
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What is trading plan and how i can creat my trading plan and which this are evolve into it...
Trading is not easy, not a joke since it involves money. A trading plan is one of the important things in trading. Trading plan is like a gun and a bullet in a war, you go to war without a gun and a bullet, you are useless. Glad that you are aware of a trading plan, keep it up. Once you already have one, another difficult task or practice is maintaining the trading plan you have, like sticking with it and getting used to it. Since your trading plan may not work in a lot of your trades at the beginning, but as time goes on, you may find how will use it properly.
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For me, if we will not close below $30,000 this month, I am positive that we will see Bitcoin will go sideways for next month, July. So, it's kinda very risky for Bitcoin now, even we all know there is huge support around $28,000 - $30,000. But then again, if ever we will still go down around those areas, I will be buying more. The drop from all-time-high up to around below $30,000 is already a massive drop, so for me, I am not expecting any more drop below $25,000 - $20,000.
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If I trade in the short term, then stop loss is a mandatory option for me. In long-term trading, I see no point in stop-lss. Stop-loss is a good way to minimize losses, so I would use this option
Only if you're a daily trader. It's like it's a must when you do daily trades because it will have you stop from more losses that you're having if the market is going down. Whether you're away from your PC or phone or whatever device you use as you trade. You're worry-free because you've already set your stop loss. This is also risky though, we all know how volatile cryptocurrency is especially with those mid-low market caps, and if you use them for trading with leverage, the risk will become higher, and not using stop loss will also result in liquidation within seconds, even you are a day trader or scalp trader. That's why I don't practice this, before I enter a trade, I am deciding my stop loss immediately, and set it once the trade is open.
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(.....) How about you? Do we have the same idea of bitcoin?
The first time, I heard and use Bitcoin, I already know this invention is extremely unique and new. It is a digital currency that really solves the current problem we have now on traditional finance. So by that, I am positive with Bitcoin that it will stay here forever. Bitcoin got problems to solve so why it will be gone?
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I've been searching for some form of price prediction platform (Paid or Free) for Bitcoin which is able to give some sort of indicators based on news whether the bitcoin price will potentially fall/rise? Is that a thing? if so, have any of you used it or have success with it?
Very difficult, this is kinda a whole paid subscription channel which that channel or group is giving a signal when to buy or sell. Some paid groups also giving their analysis of why enter on trade and on their chart you can see some indicators and their analysis with explanation, so I think that is what you need.
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What I can say of uncommon indicators are most of them are also made of these common indicators, some of them are just a combination of common indicators which they just tweak it and that's why they become uncommon and some of them are not free. I'm not saying that using paid indicators is not good, that's why they are not free because they are for sure effective base on how you will use them. For me, having an indicator related to the volume and momentum is really good, it will help you to identify the trend or move of the price.
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As per the question on the subject, crypto currency is a good investment for me, atleast, I've gained some good money from it, much more than I've ever gained in other places. (....)
In this case, we should aware of some of the scenarios or events on entering an investment in crypto, like the time of investment, when he/she will start putting his/her money on crypto. Because there is always a huge possibility that he may lose his/her investment because of suddenly drop of the price. So for me, cryptocurrency is a good investment once you will know how crypto works, what are the risks and positives of investing in cryptocurrency, so you will understand how your investment will go, in good or bad.
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For me, what I can see on Day trading versus Holding.
Daytrading = more on technical analysis Holding = more on fundamental analysis
For me, more work to do here is day trading, technical analysis because if you are doing trading, you probably doing analyzing charts not every time but if you want to observe, you should have more time for analyzing the chart.
For holding, this can be done by researching a particular coin, research, and research, identify the tokenomics, what is the use of it and what problems will solve for this project, and if you are already done researching and you decided to buy it, then for sure you will hold it for midterm to longterm.
Overall, I can say that these days trading and holding both got some work to do, need time and effort too. There are some people who are bad in day trading but extremely good at finding a gem and hold it for the long term or vice versa.
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ODDS update on sportsbet.io. The odds is not quite good now, even the event is fast approaching, within few days, the odds still is very far. I am curious why the odds is favour Davis even he got fewer wins, weight and height. Well, this is another exciting fight because both boxers are undefeated, it's either a loss or draw for one of them on June 27th, 2021.
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(....)
The support was tested, but not broken, the price bounced up quite confidently. Very simple chart yet important. What I can see here is the $30,000 level is extremely strong support for now on Bitcoin. What I am worried about now is the monthly closing candle below $30,000. If this will happen, I am expecting what happens to the monthly candle closed last month, which not managed to close above $40,000 and look how the price of Bitcoin went this month. So, if ever Bitcoin will make a monthly closing candle below $30,000, very bad.
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If you take a look especially at previous price years; 2018 and 2020. You will see very similar actions of the fear/greed index. It is like acting support, around a value of 10-20, very strong support started since the year 2018. If ever this is still not the bottom of the fear/greed index, I am still expecting a very long sideways for more months on Bitcoin these coming months.
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For me yes it is worth investing in coins i believe into, it is important that you believe in a certain coin you want to invest because that is one of the reason for you to gain profits from your investments. (.....)
To be honest, this is better than investing in a coin that just been told by other people. At least with this you probably research the coin which you believe in. This is the most problem of people nowadays, especially those newbies who are new in cryptocurrency, they intended to invest on some random shitcoins without any basis, like they only saw it in social media shilling by random anon people.
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I’m not really bothered about not being able to trade my coins to fiat on centralized platforms. I started exchanging some of my coins in late 2015 using LBC and other local buyers and sellers. (.....)
There are already lof of methods now to sell your Bitcoin besides Local Bitcoin, in some countries Local Bitcoins is starting to become not popular because of its competitor, and those competitors are now alternative of localbitcoins. That's why I am curious why there will be a failure to convert your BITCOIN to FIAT in the future? It will be possible if you are from a country that government is extremely strict with Bitcoin transactions, but then again, there are very lot of ways if you want.
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Your ip address is like a business card. If it is based in El Salvador it is as if it is saying "We love bitcoin".
Let's pump it.
Great idea, lol. But be aware too that maybe some platform or services online that you will use may not allow the user that using VPN, much better to check first their Term Of Services because it could lead to your funds being locked because you violated some of their term of services, just my 2 cents. Btw, is this not considered cheating? Like, it's not natural that El Salvador is driving adoption, it's some people who are just changing IP address to El Salvador? But overall, I don't find any bad things here, it's just like you are lying.
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Its just a fud. For me its a good thing also that some miners will be out of China. So what if they did banned some of those miners. For what? (.....)
What my thoughts for this are other countries will start to explore Bitcoin mining, probably some businesses will try to explore Bitcoin mining in some other countries, not only in China. Since as we all know, China got one of the very cheap electricity and labor fee for workers. So, this FUD or recently negative news of Bitcoin from China will be a trigger to other countries about Bitcoin mining. FUD but there are good effects too.
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(...) If China wants to crackdown Bitcoin mining activities, miners will go elsewhere. This is actually a good thing for cryptocurrencies, as it shouldn’t be under a decentralised, power-obsessed regime. China can play with its digital yuan.
We all know that China is one of the biggest top countries that got very lot of miners and they are very important too in Bitcoin network as a lot of miners are from China, an example is the FUD recently about banning Bitcoin transactions, minings there, it is one of the proof that China is a big player in Bitcoin now. For me, this is not totally negative for Bitcoin, this will be also great to neighboring countries of China that will start Bitcoin mining too, Bitcoin mining will start to spread outside China and possible that Bitcoin mining will grow and spread on different countries or places.
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Any expert can explain the reason behind those huge pump and dumped of BTC?
I'm not an expert but for me, I can say that that's how cryptocurrency very volatile. Especially we are still early now, the market cap of Bitcoin now is still very low compare to other assets, like Gold. What I can see is volatility at all. As Bitcoin is the most volatile asset in the world, so these huge dumps and pumps are really expected. It's just like what they say "What going up must go down, what going down, must go up". Manipulation could be possible these days, if you already read this article, about Bitcoin Cartel around 2018 -> 4th Dimension: Bitcoin-Manipulation-Cartel — Price-Suppression is the Goal, this may help you.
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To be honest, it is difficult to identify when we will dump. Some are basing on fundamental analysis like there is new negative news about Bitcoin or FUD, or some big personality having statements about Bitcoin. And the huge possibility is the whales in the market, where they are capable to make the price of Bitcoin move in a huge percentage. Another thing too is a technical analysis using different tools, like analyzing the volume, momentum indicator, open interests, etc.
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Most successful traders are making a lot of money because of technical analysis. And does not mean that if you do technical analysis, you will do trades every time. It's part of the analysis of when you gonna trade and when you are not gonna trade, and if you are a responsible trader, you gonna practice it. @OcTradism is right, most of the traders got different strategies, some are owning using low time frames while some are in high time frames. We can also consider that too during sideways.
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