I think when the market is relatively calm, some General patterns from technical analysis can be applied to it. But when there is high volatility or pump of cryptocurrency, then any technical analysis is meaningless, because the market breaks all the patterns in these moments. I mean, technical analysis is a good tool for traders, but it is advisable to use it when it gives positive results.
Most of the time, technical analyses are not hitting the specific price. What are available after a technical analysis is done are price ranges where one could make his buy or sell order. But even with wide price ranges, TAs are not accurate. At most, they will only give traders an idea of where the next price would probably land. That is why a lot of people are doing away with trading because the risks are still high despite a lot of trading tools. And in the end, they are still surprised by Bitcoin's sudden movements. |
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The current market situation is really bad for the alts and I really don't know what's going on with the altcoins. Although the alts are still operating normally and even bringing in big profits like Binance, ETH, TRX, ... they all suffered a sharp decline in Q3 and Q4. Any reason for this?
The reasons are a mixture of a bullish short-term outlook for Bitcoin due to a certain level of halving anticipation in the year 2020. This was made more bullish because of china's announcement. Another reason would be some factors such as Bakkt growing high in volume. All these are putting altcoins at a disadvantageous position because people were already shifting to Bitcoin. But those HODLers of altcoins should not worry because after Bitcoin's growth, altcoins will follow. |
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People won't easily move into DEX, if the same is being developed by someone leading the market it'll gain attention. Already we've got lot of decentralized exchanges, while those hasn't got a much bigger trade volume compared to the centralized exchanges. Maybe the initiative taken by Binance for a DEX will gain importance over the years.
There was a time when Etherdelta/Forkdelta and IDEX have very good volumes. They were both chosen by traders who prefer DEXes over centralized exchanges. But when these two exchanges experienced glitches, people started leaving them. IDEX ceased to be a DEX. Etherdelta was hounded by controversies. Centralized exchanges were the only options left. Since they are offering better volumes and coins for trade, they quickly became the leading options. |
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After some the biggest exchanger delist bitcoin SV , I'am not trading anymore bitcoin SV.
be careful if you are trading bitcoin SV, there is nothing we can be proud of from bitcoin SV except the pump and dump party
Bitcoin SV is still some peoples are investing because of recent pump. But we know it was move 70 percentage backward on three months before, so active traders are buy and sell at faster so they earn good profit for every trade. Nowadays majority of the peoples are concentrate huge marketcap coin so I expect some peoples are invest again on BSV. Many of the traders are not concerned about the quality of the coins they are trading for as long as they offer them good liquidity. These kinds of traders would even trade pump and dump coins and shitcoins for as long as there is money from it. Bitcoin SV is among these kinds of coins. And the traders trading Bitcoin SV do not necessarily support the project for what it is. They are using Bitcoin SV to make money. If you think that there are investors coming into Bitcoin SV due to its technology, you might be wrong. |
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I have just started trading and was looking for some platform to keep track of my trades to see if I made profits or losses in the long run.
There are some portfolio managers, but they just track the different crypto coins and their current prices.
Is there any such tool or just google sheets that you are aware of that might be of help to me?
Using a separate platform to track all your trades is an additional hassle which is unnecessary. If you are just starting to trade then you probably are using only an exchange platform or two, and are trading a handful of pairs. I guess it is not hard to monitor your trades from the platforms themselves because they are limited in numbers as you are just starting. If you prefer, a google sheet is enough. |
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Banks can use blockchain technology but it is never going to be in decentralized manner so it cannot be compared with the crypto adoption if banks starts doing transactions with blockchain.Either bank employees may not let it happen sice if the blockchain was introduced then most of the employment in banks will get vanished.
banks are government tools in the economy, especially those related to the use of fiat currencies and all systems are regulated as well as possible but as the times change and technology of course banks will also use a developing system as well and crypto currencies with blockchain systems that use advances in technology can will also be adopted by the government for the bank system A lot of banks and even governments are already experimenting the integration of the blockchain technology into their existing system. The blockchain technology offers them transparency as well as convenience in monitoring and supervising. Aside from that, the blockchain technology is impossible to tamper. These are just some of the reasons why the banking industry will most likely implement blockchain-based additions to their operation. |
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Stock market investment and Crypto currency investment are different platform, process and commodities therefore it will not affect Bitcoin if ever stocks will crash. Except if the stock market investors will always look for alternative investments then it will benefit crypto because they could easily shift to Bitcoin increasing the users and investors of it.
Indeed! From the platform to market coins to market value are very different. I dont think that it can affect bitcoin. Its been ages everytime stock market crash it doesnt affect bitcoin same as bitcoin when bitcoin pumps the stock market is still crash when bitcoin crash stock market are still at the same situation. Many traders in cryptocurrency are not into stock market they more believes in cryptocurrency. Well, basically if an asset crash, or lets think of an exchanges, if an Exchange crashes or had some issues concerning their services, what would happen is that, investors on that exchange will lose interest and also, there are some who will choose another exchange to put their investment into. The same way goes with stock and crypto. If the stock market crash, there could be a possibility of investors to go ahead and try cryptocurrency. In this case, it can affect Bitcoin and other crypto positively by having more market volume and huge prices. This is just one possibility. But there are also other possibilities. Let me give you another situation. If Bitcoin suddenly crashed and its price falls down to the deepest bottom, say $100. Would you be leaving Bitcoin for good? Would you be saying your final goodbye to it? I don't know your decision but for me, I won't. Instead of leaving Bitcoin, I would gather most of my savings and use them to buy Bitcoin. That crash must be an opportunity rather than an end of the world. |
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If nothing goes wrong and if the government will accept and acknowledge the blockchain technology from the cryptocurrencies then I think we will be heading into a bright future. There is a lot of talented and genius people around the world that are waiting for opportunities to maximize their knowledge and if we will utilize those people, I think our world will become so advanced.
The governments are starting to acknowledge the blockchain technology but not the cryptocurrencies. Many governments are not even acknowledging Bitcoin, the closest cryptocurrency to the growing blockchain technology. They are taking what they can make use of and benefit from and then leave behind what they think is not going to preserve or even increase their power and authority. |
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When BTC was struggling in late 2018, I remember the only crypto which showed ~3x rising must be Waves. It increased from less than 0.0005 BTC to 0.0012BTC within a week of time. Right now, WAVES is trading below 10k satoshi and I bet it could bounce back at any time soon to the region of 0.001BTC.
Waves has many unique features like built-in DEX and easy smart contract creation wizard within their wallet. More importantly you may lease out your Waves to earn waves and other tokens on daily basis. As per them your coins stay within your wallet but you are just allowing your coins to participate into mining and other related process.
In my opinion, WAVES must be one of "unsung asset" which maybe due to whales domination. Still, with waves' feature of limited supply its whales will lose their power over the time.
i agree with you that Waves can pump 5x - 10x "easily" since it has a lot of potential but dont base your assumptions on the past i dont believe that past moves can teach us something about future moves.. thats why i dont believe in TA also, just buy and hodl until have a very good position to sell That is the better way of doing it. Waves can for sure get back to its previous price. That means it could x5 or even x10 but not easily. x5 is easier of course but still not happening overnight. So you go ahead and buy Waves but do not set a time frame, not even that "easily". That is dangerous. And you will only be disappointed in the end if the price will take a long time to get x5. Just HODL it and wait for the selling time. |
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I remembered the times when so much hype circulating on electroneum everybody was like fomo on this project cause of the fact that you can earn coin by playing games that looks like a mining but, suddenly lots of lag and error has been concluded by users. Even the referral itself I worked for it just to earn a lot of ETN. I even invested with it, but I think long term can be quite slow for them to caught up with bigger fishes.
Blame it on the development team itself. Electroneum (ETN) was only very active before when they were still selling their brand but when everything's done, they seem to became too relaxed already. Although they were able to get listed to the big names such as Kucoin, Huobi, and Liquid, they were not able to sustain the volume. That reflects the interest also. The volume may be a little decent but it is obviously falling down. |
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There is an edge if an IEO is launched in big exchanges like Binance. The market coverage of big exchanges is also big. That is directly correlated. If an IEO is launched in an unknown exchange, that means the IEO might also end up pretty much unknown. But this is not the only consideration. It is best to make a review on the IEO itself. An IEO that is lack of quality or brilliant innovations will most likely end up unsuccessful and will remain that way even if it is launched on big exchanges.
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Basic attention token also allows to tip content creators. But it offers much more than Dogecoin (e.g. a new advertising system).
What do you guys think? Can DOGE and BAT coexist (e.g. due to different user groups) or will BAT make DOGE obsolete?
You are making a very huge leap simply because of one single fact that could even be insignificant to the main and actual use of BAT. BAT is used for tipping. DOGE is also used for tipping. And so they must be serving the same purpose? Is this the way your logic goes? If that is your logic, you are wrong. BAT is not created for this. The project is focused on ads. DOGE was created for whatever you fancy. And the tipping of BAT is only happening on the brave browser. It is not happening everywhere. |
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He said the market is crashing and Bitcoin is going to drop even more. Bitcoin drops and says he's amazed and it's because bitcoin market is manipulated by whales  So when the price is falling he's fine with that and the price is not being manipulated but when the price goes up against his prediction it's because of manipulation. He should read this and think about what he's saying. He's like a kid who can't admit to being wrong. Another Craig Wright. Nothing surprises me if there were personalities who would just simply pop out and making their own insights and predictions towards bitcoins price. They do say all the things they do have in mind but without even thinking sensibly if its self contradictory or not or just making themselves like fools into the community. Manipulation can either happen while pumping or dumping. Peter Schiff is not just a new personality in terms of this statements. He is not a random person who says his piece on the Bitcoin market. Peter Schiff has earned popularity or attention in the Bitcoin market because of his utter hate of the technology. Because of this, I don't think we need to respond to his statements as if they are worthy or objective. They are mostly hate-inciting statements against Bitcoin. |
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For example, with Venezuela it has been used as a replacement for their peso currency for years now,
Really? I could swear that most Venezuelans have been using stable currencies like the USD rather than bitcoin, but I could be wrong. That amount of LBC exchanges in Venezuela is incredible for one year--I had no idea it was that high, especially given that the other two countries pale in comparison. Let's hope for their sakes that bitcoin at least holds its value, because if it were to crash those people would be even more screwed. It's far from a safe-haven asset, what with all the volatility it's notorious for. They probably would be better off holding USD instead, at least for purchases, though I'm happy that these countries have such an interest in bitcoin. I think it's great, actually. A lot of people in Venezuela might really have genuine interest in Bitcoin but I am almost sure that the figures and the interest are somehow bloated to an exaggerated extent by the news. They are somehow thickly sugar coated to make it appear as if Bitcoin is serving as the silver bullet or a sort of a blanket solution to their problems there. I have to agree that Bitcoin is going to be a difficult solution to a people who have experienced the worst turbulence in a fiat's value. They are most probably tired of an unstable currency. Bitcoin is such. |
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There are so many altcoins that has potential and can be a hidden gem when bull run comes, but its your choice if you think those altcoins will give you good profit then go on.
Potentials are one thing, reaching those potentials with actual and clear steps or plans is quite another. There are so many coins with potentials that they try to envision a paradise. That is not going to convince investors. You don't dream and convince the public that they should invest in that dream. You should somehow show to them that such a dream could be made into a reality and how it should go from there. A lot can be a hidden gem, and can not be. For now, they are not yet gems because they are shitcoins. They need to prove something first. Both coins are not yet hidden gems. |
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We have forgotten one of the preferred altcoin which is similar to Ripple otr know as decentralized version of Ripple. Stellar almost touch $1 during it's peak and again it was under $0.1 for most of the year due to bearish market and I have a strong feeling that it will again make upto $1 if things go well and looking at last three days statistic it has already showing signs of growth and back to 10th rank replacing TRON.
This may be way too early to predict but this is not a prediction it's just my thoughts.
There is nothing much to predict about Stellar (XLM). When it comes to the possibility of Stellar (XLM) getting back to that price, there is no question. It will happen. I think what we need is toughness of hands. If one has weak hands, one might end up selling with a little profit or even with a loss in case the altcoins will turn red when Bitcoin gets another ATH. And of course, toughness of hands requires patience. Stellar (XLM) might get to the $1 price more than 6 months later so patience is needed. |
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At present there are numerous trading platform with good volume like Binance, Bitfinex, Kraken, KUcoin, Bittrex, etc and these are well know trading platform as well but can I get your help to identify a new trading platform with it's own token which might become a valuable token in the future just like BNB ? I want to experiment by investing into a exchange token when it's value is less as it might give a good amount profit. I am sure those who invested into BNB at it's early stage got my point.
As for me, there are only three options. BNB is of course the topmost choice among all available trading coins. But since it has already exploded and you are looking for other good choices, I would recommend OKB and KCS. OKB is by Okex and it has amazing figures in terms of volume, market cap, and ROI. KCS is of course by Kucoin. It is older than OKB but still very much affordable at the moment and with good potentials. |
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I have been gone for so long due to my hectic schedule at the university, but since I have graduated already and I have taken my board exam I am now back here! Finally.
I have noticed how altcoins I own before depreciate so bad. I even have two or more kind which up to now have no value. Is the market tthat bad already? I mean, I can actually read threads here but ofcourse getting direct feedbacks from all of you who stayed all through out the time I was not around would be very helpful. Please help me learn about the new environment of cryptos now. Thanks.
If you are gone for almost a year, then I suppose there is nothing very special about what is happening right now than a year ago. If there is a difference, it does not amount to much. Only we are a little bit higher in prices now compared to a year ago. The depreciation that you are talking about started to happen earlier than a year ago so it should not be a surprise to you anymore when you saw that the prices are low. In fact, Bitcoin was only around $6,000 a year ago and Ethereum was only around $160. We are much better now. |
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^^^filling up 2 kyc forms and pushing for its deadline, and now they are telling me i didnt pass it.
That's not called a scam if you really didn't pass the KYC requirement, there must be some requirements that this company has implemented on the KYC application, better ask them the reason why you got denied. Making a scam accusation is only the last resort but it doesn't matter you'll get the community support if you don't post valid evidence on your claim. That does not automatically follow that because a participant did not pass the KYC, he is not scammed. I do not particularly know about this specific project but there are so many projects that do not ask for KYC during the registration and campaign period but when the bounty ends, they would suddenly ask for it. And not only ask for it, the projects seem to intentionally makes it very hard to pass. Aside from that, they only give a few days for the participants to comply. This to me is cheating. If you have solid evidences, raise this in the reputation section. |
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The South American continent is getting worse in terms of their fiat system and usability. Lucky for them in a way because Bitcoin is already here as a much better alternative. Brazil, Venezuela, Colombia, Argentina, and what's next? The worse the economic situation in these countries gets, the wider the adoption of Bitcoin grows. What I hope is that the ordinary shops in these countries will also start adopting Bitcoin for the citizens to be able to continue their day to day life with Bitcoin as their money.
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