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401  Economy / Trading Discussion / Re: Bull market/Bear Market trading strategies on: October 06, 2018, 02:35:26 PM
Much better if you could mix other indicators to prove your decision together with orderbooks

It could help you out where the market is truly heading and may avoid contradicting whales

I am using orderbooks as confirmations together with other 3 indicators
Using order books alone will not even help. I have tried it before, I have seen fake orders several times and the best way to just go about trying to trade a market, is to make use of the indicators and then the price actions on the chart to make a decision, while making stop loss a very important thing to never discard.

Personally, I make use of momentum indicator such as Stock RSI, trend indicator such as Ichimoku cloud and then add this up with price actions on certain supports and that has always worked out fine for me. However, it all balls down on each individual's level of knowledge and experience when it comes to trading both bull or bear market as the case may be.
402  Economy / Trading Discussion / Re: What is the reason Behind The Kucoin Exchange Fall? on: October 06, 2018, 12:42:31 PM
I always use exchange that has full feature include stop limit, and currently Kucoin does not have this feature.  Kucoin can be become top 10 exchange if they increase the feature and make new product to attrack new trader. Kucoin still have potential to be bigger exchange because they has good customer support.
That customer support is something normal to see in the early stages of exchanges, and before we can start saying they are good in that aspect, I would say we should wait until they start gaining huge number of users.

Kucoin is not a bad exchange and at least it is better than the likes of Yobit, HitBTC and co and I have some few trades on this exchange as well with no withdrawal regret whatsoever over the years and a very good experience as well. For new exchanges, it will always take some time to see them gain ground, so I would say the OP should just give it time. As time goes on, if KUCOIN is able to stand the test of time, ended up having a good reputation, and then we see some added trading features, I can bet it would grow.
403  Economy / Economics / Re: Expert: Banks are Enthusiastic Towards Crypto, Waiting for Regulators to Invest on: October 06, 2018, 10:23:14 AM
Yeah,the banks are just waiting to pump the crypto bubble,take the big profits and dump it.While they dump the crypto bubble,they will blame all crypto users,the governments,the universe and God,but it will be their fault.
The bankster hypocrisy never ends...
As usual, isn't it? The same banks who claimed to know so much about cryptocurrency being a scam and no sane person should be a part of it throughout last year, are the same category of people trying to accumulate the dips now and trying to instigate that there is a huge future now. Like it is something we do not know already and I have always pitied people who usually listen to them. The same people, who have been stealing from them in years, are the same people who want to be stealing from them again, and the funniest part is that they just give them the chance to do so.

I am not surprised as I have always been imagining this from the start. Banks would obviously not want to lag behind and they will do anything to evolve with the way things are going with money, so looking at the way most of the financial institutions have been getting involved for a while now, it is obvious that banks want in on some action to at least benefit a lot from this space.

I would say the era of seeing the banks trying to come out to rubbish the space is going to pass eventually and we are getting pretty close. Developing a wide range of products by most of the top banks shows some good prospect in the long run.
404  Economy / Economics / Re: China moves further towards cashless society on: October 06, 2018, 09:14:46 AM
That’s offensive and aggressive approach of a cashless transaction to an elderly man is unacceptable and harsh.
Kudos to that security guard with kindhearted attitude for helping him, if I was the one being embarrassed by that cashier then he/she must face my revenge. “I will buy him/her”.

I do agree of changes, but give it some time for others to know.
A change is something that is inevitable but just like you said it is a good thing to allow it to come natural. Most of this old folks are too old to start fixing their heads on the idea of these new technologies that keeps popping up and it really takes the younger generation to quickly blend with it. Over years, these old generation will definitely pass away and it would be surprising to see how things would evolve it automatically.

All the above, trying to pull a stunt like this is just uncalled for and even as much as we know that cashless can really help, it does not mean you should just all of a sudden start imposing things. A slow progress alone will sustain for serving its purposes, rapid things may go away in rapid.
405  Economy / Speculation / Re: I never held this much bitcoins. on: October 05, 2018, 05:17:42 PM
This is indeed the best time to buy at low prices and make your portfolio diverse. BCH was a manipulated coin which was profitable only for the founders. Try to invest in variety of coins which have potential and can grow in future.

According to many investors and experts, this year would in a positive note.
It is really one of the best moves I have seen so far for someone who really knows what he is doing and for sure with some of his experience in the stock market, he is channeling half of that into this space and going for bitcoin most especially, is a brilliant move as far as I am concerned. The thing about investing now is that you are being given a chance to go back in time to take advantage of the fact that you did not invest back then and then you are here now. The markets is still growing and believe me, it is just starting with a whole lot of development, mass adoption and real life usage to come and by then, I am sure the OP would be happy he made this decision.
406  Economy / Speculation / Re: Tone Vays says target is 5000$ on: October 05, 2018, 02:44:15 PM
Have you guys watched latest Tone Videos? He's very peculiar about all of it but predicts 5000 and maybe 1300

https://www.youtube.com/watch?v=gS1JQWtGaiM
I think $5000 is understandble but $1300 is what I disagree.  We have not see the bottom yet and bitcoin need to get there before we could see another bullish trend.  The market has been in sideways and a break out on both side may push bitcoin in either bullish or bearish directions.
Anything is understandable, it is speculation and for what it is worth, I really do not care. It is the future, no one knows it, the market can decide to go lower than $5k, or $3k or even get as low as $1300, the most important thing is that this gives me a chance to keep buying lower as that is what is most important at this stage.

It all depends on whatever anyone decides to do with the information they have, but what is important the most is to focus on the long term and take advantage of the present moment. If Tone Vays says it is going to be $1300, which is his cup of tea as it changes nothing and it is not like anyone can really tell what the future holds anyway.
407  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH and ICOs - Do you think that the decline of ETH price will affect ICOs? on: October 05, 2018, 08:46:00 AM
I believe it will not affect an ongoing ICO project as long as the project is genuine with very high potential to hit in the market.
Sometimes, it's how the team promotes their project. There are times that crap projects with very articulate marketing team can acquire huge amount of money, while an innovative one with poor marketing can't even get an audience from the community.
So long that a project is authentic in their goals and has very strong team, I think the eth price is not that significant. Maybe, you can buy more tokens now with the current value.  Cheesy


Promotion indeed plays a big role to the overall success of an ICO. So, in your case, if you come across a great project and you have the funds to invest, you wouldn't consider putting off your investment even if ETH appears to fall below 200USD again?
In fact, the success of an ICO based on promotion, still has a lot to do with the product availability and how readily the product is perceived to be something valuable to the community. Ethereum price really does not have anything to with whether a project becomes successful in their ICO or even in the long run.

Actually, due to the market not being a favorable one, we have seen a lot of ICOs trying to wait for a better time to launch their ICO and we have seen some postponing until further notice, while some are waiting for the right moment before they get launched in an exchange.

For a bear market, it surely affects a whole lot, but that does not mean the future of a project with a product is still not intact if the product ends up becoming very useful.
408  Alternate cryptocurrencies / Altcoin Discussion / Re: Stable coins on: October 05, 2018, 07:27:04 AM
Just noticed we have 100+ stable coins in the market presently. Do you feel it will have a negative impact or positive one?
100+ stable coins ? If I may ask, what is your definition of stability ?
As far as I am concerned, there are just very few coins that are pegged to a physical asset and the supply based on a physically backed supply and if you really want to start mentioning names they are quite few and even at that, i still will not consider them stable, or probably would just say they are less volatile instead.

I really do not think even if we have 100+ stable coins will have a negative impact, it is a market, and I am sure as time goes on with regulation, a lot of things would change, so in that case, one way or the other, any stable coin would always be pegged to something.
409  Economy / Trading Discussion / Re: Bull market/Bear Market trading strategies on: October 05, 2018, 04:57:08 AM
I've often heard that to know that you are a successful trader you have to pull profitable trades in a bear market, not just a bull market.  

This is not always the case. I do not believe in hyping individual trade ability because I have monitored this crypto trade to know that, nothing is perfect about making gains. Even where one makes some profit in bear market, it is not always a guarantee.
Making gains is even something that is applicable to how each individual trade or will I say their pattern of trading. Bear market can be traded, but what is there to trade really for someone who is a long term trader, short term trader or a midterm trader.

 The OP categorically stated a day trader pattern and saying that as a successful trader you have to pull profitable trades in a bear market, sounds pretty much absurd to me. Market can come in different ways and your pattern determine how you want to be going ahead with your trade and if the OP trades for real, setting a tight stop loss 1% risk and then looking for a 1% does not sound right for a good risk reward ratio. At least 2 - 3 % when you have a 1% risk is a whole lot better.
410  Economy / Trading Discussion / Re: Is Bitcoin suitable for swing trade ? on: October 04, 2018, 07:15:43 PM
Swing trading is best strategy for bitcoin because of the price movement of bitcoin in the market. Bitcoin  price movement is speculative  and can not be predicted correctly. As a swing trader you decides how long you will hold and watch the market till you get out of the market when the price is being hit. If you want to use day trader strategy(scalping) it may proof so difficult for you to make anything reasonable because you will be trading under tension and may not be able to make correct decisions.
I would not say it is the best strategy as there are so many other strategies you can use when it comes to trading but that depends on what you are comfortable with. Nonetheless, and like you said, swing trading is a type of trading that is generally good for any volatile market.

This is a volatile market, and obviously the market will always move in different directions at certain point in time, it is only left for you as a trader to know how you want to be entering a position based on those swings and when you want to be exiting. I am a swing trader and I enjoy being a swing trader in the crypto market anytime any day.
411  Economy / Economics / Re: Who controls the market? on: October 04, 2018, 10:35:44 AM
Usually, it is an uncontrolled market, so asking who controls it is somehow you asking are cryptocurrency the same thing as fiat. This is a decentralized space and of course, I do not need to start explaining to you what decentralization is all about. You already said it yourself, there is no single authoritative body which means every single user is in control of the market and everything will always dwindle based on supply and demand.

The performance of the market for sure is all about how people perceive it, and we can say it is easily manipulated at this point since it is more speculative in nature which is why we all look forward to real life usage in the long run.
412  Economy / Economics / Re: How Binance Decentralized Crypto Exchange Launch in 2019 Will Impact the Market on: October 04, 2018, 07:11:04 AM
binance is a giant market in crypto currencies, it's not impossible if binance comes up with a new system that will kick off the crypto currency market, but I can't analyze whether it will have a good impact or vice versa.
It is indeed a very giant market and the truth is that with the way things are going, binance is really looking to take the exchange space by storm and that would really make the competition a whole lot hard for other exchanges, with binance being the biggest first centralized high volume exchange, coming up with a decentralized exchange.

Decentralized exchanges have really not been people's first choice over the years, due to lack of liquidity, security and we all know how many times Etherdelta got its own share of hack and vulnerability, let's see if binance is really going to bring huge changes in this aspect and I am looking forward to it.
413  Economy / Trading Discussion / Re: Margin Trading on: October 03, 2018, 12:34:07 PM
Margin trading is also really risky because of this very choppy sideways, but in margin trading, you can also earn huge profits. But the risk is still there, you just need risk management and you should know how to control emotion on your every trades.
The risk in trading is there already, but one thing with marginal trading is that you are always going to be exposed to even more risk than spot trading and that is what a lot of newbie traders may not even understand. In fact, marginal trading is a whole lot more complicated than spot trading which is the normal style of trading most traders always prefer.

The sure thing is that with marginal trading, you are definitely going to be making more if you are good and professional at what you do, but the truth is that if you are not careful, you can even find yourself flopping badly if care is not taken and the bad thing about it is that you can lose everything that you have.
414  Economy / Trading Discussion / Re: Is it safe to trade on bitmex??? on: October 03, 2018, 08:24:45 AM
It is very safe, haven't heard anyone complain about it being hacked or losing funds, just that the type of trading on bitmex is risky, another thing is their withdrawal charges, usually higher compared to other exchanges
One of the reasons I really do not fancy trading on bitmex is just simply because right from time, I have always believed that spot trading is usually the best way to go when it comes to approaching trading. I know marginal trading means the possibility of more money, but personally, it is that more money most of the time that has put a lot of people in trouble by losing their funds hugely after getting liquidated. Shit happens in all market, but the thing with margin trading is that, it is a shit that can either make you or mar you as the case may be.

i think it's safe bro. don't be afraid. my brother use that and he said it safe
Being safe in the aspect of security by now is one thing I believe everyone should know that security is something that is on each individual. Bitmex has option for additional security and I believe they have a good secured system in place, which is still what is making them stand strong and growing daily anyway.


We should all must understand is that safety can come in different ways which could ball down on the safety of your funds due the decisions you make yourself. Anyone who wants to start their trade going marginal, should better be ready to learn more and practice spot trading if they have to before going this lane.
415  Economy / Trading Discussion / Re: Will the bull run return this December? on: October 02, 2018, 06:55:18 PM
Last year we had a great run. Despite the downs in the beginning of this year, I still believed that by the starting of October, the will be a good run, but I don't see anything of significant improvement. What do you guys think?
We already have so many threads already regarding the bull run in 2018 so better stick with that thread itself to stop spamming.But the actual answer for this question is no one knows until it will happen so hoping too much will cost us too much so it may start at october,but there will dumping again from the short term investors.
Well, it is surely what a whole lot of people are expecting because after holding the market at the peak and still keeping up with the faith, the mindset of at least expecting the market to come up with some movement upward to at least break even in the short term will always be there, and hence, would always end up becoming the thing that would make a lot of them expect a bull run.

Still, this is actually always the target of the whales most of the time to use that opportunity to shed most weak hands out of the market as long as their expectations are not met. We might see the bulls coming in for the alts before the end of December, but I would not see it happening on a huge magnitude with bitcoin.
416  Economy / Speculation / Re: Three things not to do when Bitcoin prices are down on: October 02, 2018, 04:02:25 PM
I cannot call this as a guide to someone who does not know anything about trading. This at best only serves as a reminder for people who already know what they are doing in the cryptocurrency market. To tell you frankly the guide he simply posted really is not benefiting to anyone who already know what they are doing as they will not see this post as helpful. For people who want to understand what OP is trying to say you better start learning technical analysis and the terms involve with it as you will really be left out with what he is trying to say.
Yeah right, the aspect of knowing when to buy, when to sell, how to play with the market is something that would be very hard for most people to do. Usually, a sane trader will know what it is like to be joining FOMO and why he should not, most especially when a market is overbought, but these are terms or conditions that only those who have an understanding of the way market is and know how to trade it or make decisions based on those conditions.

The best advice overall for most people who do not have much understanding of the market is to just hold and buy the dips more if they have the chance. Anything outside that and with what the OP said, anyone without the knowledge will not understand.
417  Economy / Speculation / Re: Billionaire Tim Draper Stands By Bullish $250,000 Bitcoin Price Target For 2022 on: October 01, 2018, 04:59:20 PM
We will see 50.000 at the middle of 2019. Mark my words.
We will see Bitcoin ETF earlier, then price will rise until middle of 2019.
There is actually no need marking your words, as one thing I know for sure, what you have just said will always be a speculation and assumption as no one can see exactly what the future holds. Simply more like you trying to state what you would like to see happen, come 2019.

In a market I have always known, what would be will be and as long as you stay focused, monitor the trends and make decisions based on what you see, then you would not have a problem. 2019 may come with good surprised but however it comes, it is one thing to just be patient and wait for it and then act based on how you perceive it.
418  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The next bull run is coming on: September 30, 2018, 03:42:54 PM
The last bull run lasted for 2 years, with the look of things we will likely move side ways for 2months more which will likely confirm the bottom of the market and set the foundation for the next bull run. What people don't realise now is that the risk to reward now is very low. How low do you think BTC can go $3k IMO but how high do you think BTC can go $20k
Bull run is not even something that happens immediately, maybe in a less matured markets like the alts though, but with the capitalization of btc, expecting a bull run when we are in a bear trend is actually a very high level of optimism as far as I am concerned.

I am not saying we could not end up seeing some short term uptrend, but I still believe the market is still in an indecisive state at the moment, and with the way bitcoin actually is, I would say there is still more room to go down than up. There may be less risk now, but that is based on the assumption that the bitcoin market would go as high as $20k by the end of the year, which is something I really would not count on.
419  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BER MONTHS, still legit? on: September 29, 2018, 08:00:44 AM
Well, at this stage this is different from expectations but certainly what we can see in the market.

Yes, even though we may decide to go technical, it does not out rightly mean that the market would just all of a sudden dance to our tunes which is why we will always still need to stay vigilant, in case things decides to go south, but as it is right now, it is obvious we may be seeing some green days pretty soon as the altcoins are beginning to take some bullish shape upward and we all know how fast and pretty huge they can all get within a short period.

Just play smart and stay safe, which is always the best thing to do in this market.
420  Economy / Economics / Re: Centralized or Decentralized for cryptocurrencies? on: September 28, 2018, 12:34:33 PM
Is "Centralized Cryptocurrency" even a thing?

Here are the most important qualities a true Cryptocurrency must have:
A true Cryptocurrency must be decentralized, public, trustless, permissionless, immutable, transparent, uncensorable.
These should also be very important rules of Cryptocurrency which developers must try to stick with. Exchanges ordinarily should not list Cryptocurrencies that Break the rules.
That is it. It is not even a thing to be putting cryptocurrency as a centralized entity which is even one of the reasons a lot of people have been skeptical right from the onset when it comes to investing in Ripple. For what it is worth, I believe that no one will always want to discard freedom and want to stick with being enslaved as that is how I see centralization.

Decentralization on the other angle, is more like you being given that control back and you are free to do what you want to do with your activities as long as you are not going against the laws of your jurisdiction, and that is something I will always choose anytime any day over centralization. One of the reasons we are here in the first place anyway.
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