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421  Economy / Trading Discussion / Re: 95% OF YOU Will Fail Trading: Learn how to overcome this stat on: March 13, 2019, 01:27:40 PM
- Trading is EMOTION DRIVEN
no it is not.
just because some people who have no experience in trading turn to their emotions for solace doesn't mean trading is emotion driven! it just means those people have no idea what they are doing.

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- YOU must understand the importance of RISK MANAGEMENT
understanding the importance of something is not the same as knowing how to do it right!

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- YOU need to know elements of technical analysis
- YOU are also required to understand fundamental analysis
- Create a journal and record all of your trades.
these are good suggestions.

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- Only trade yourself and DO NOT use auto trading bots led by a company
I don't know what you mean by the last part about company but I disagree with not using automation. it is not necessary and a beginner should NOT use it as his first step but using bots and generally automation is great.

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- Use 3% of your entire balance
I strongly disagree with this one.
you should use 100% of your balance but you should not deposit 100% of your money on exchanges in first place!
you deposit what you can afford to lose and then you work wit all of it, not deposit a lot and then work with a small portion!
additionally percentages depend on how much you have invested. for example if you are starting with 0.001BTC then 3% of it is too small to be worth anything, it may not even cover the fees.

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- Look for the formula and not the feelings
there is no "formula" in trading!
422  Economy / Trading Discussion / Re: could this be the best week for litecoin on: March 13, 2019, 01:14:04 PM
as it has always been the case with altcoins during times like these, they don't do much specially if they are big and on top of the lists which means coins like litecoin are not going to see any pumps for a very long time. these coins will get possible pumps after bitcoin had its rises. of course LTC is one of the exceptions that it sometimes gets pumped when bitcoin rises.

during times like this (bitcoin is stable) small altcoins have "best weeks" because they are the ones that will get big pumps as traders move to them for profit.
423  Economy / Speculation / Re: The updated BitCoin price predictions for 2019 . LOL on: March 13, 2019, 01:07:40 PM
As for Arthur Hayes' prediction though, it's a pretty realistic prediction in my opinion. A lot of people(including myself) are expecting a longer timespan of price stagnation and slow downtrend.

that is also another exaggeration in my opinion!
I mean staying at $3k for a whole year and not just that, you should know that this is not the start, this is after more than a year of drop! so basically this is predicting one of the longest down trends in bitcoin history which would be more than 2 years if it came true. and I can't see how that is a possibility!
424  Bitcoin / Bitcoin Discussion / Re: Theresa May's Brexit deal is dead, how will this influence Bitcoin? on: March 13, 2019, 12:49:00 PM
I think the accumulation power and the power to keep the price down at this level for some more time is more powerful than any other effect that a news like the Brexit's fate can have on the market and as a result bitcoin price should not even change and continue staying like this for some more time, unfortunately we have endure that before the rises start.
if this news came out a little bit later when we were on the rise it could have had a nice impact though.
425  Bitcoin / Bitcoin Discussion / Re: The Tipping Point: Kroger, Starbucks May Ignite Retail Crypto on: March 13, 2019, 06:36:20 AM
It's no secret that cryptocurrencies don't receive many plaudits in the mainstream media as reliable means of payment.
Yet, despite that blinkered skepticism, cryptocurrency payments actually grew last year. Payment processor BitPay reported a "record" $1 billion in transaction revenue in 2018, with its business-to-business (B2B) operations increasing by 255 percent compared to the previous year.

you are using the term "cryptocurrency(ies)" where in fact you are talking about bitcoin!
Bitpay's stats for payments that they have processed for merchants are from bitcoin not "cryptocurrencies"! it is bitcoin that 99.9% of the merchants are accepting and it is bitcoin that users are paying them not other altcoins.

so when people say "cryptocurrencies" are not reliable ways of payment they are correct because they are talking about 2500 altcoins not only 1 bitcoin!
426  Bitcoin / Bitcoin Discussion / Re: Off grid Bitcoin on: March 13, 2019, 06:23:06 AM
I mean, in an emergency event, people will all be doing their best to stock food and maybe even use radio but for walkie talkies. I think the last thing people want to do is find a way to use Bitcoin.
If we look at what is happening in Venezuela right now, you are correct. 5 days without power and without clean water. They have militia guarding generators at hospitals. People are filling water bottles from sewage pipes because there is nothing else to drink. Rioting and looting. No one is interested in finding a way to use bitcoin, because what good would it do? There is no use having money (of any sort) when there is no food, water, fuel or supplies. If there is nothing to buy, money is useless.

these methods aren't only meant for disaster cases! these methods are partly meant for cases where there is some sort of censorship. for example the great firewall of China can start blocking anything bitcoin related! or even shut down the internet and cut off the connection to the world. in which case you can still use other ways to "connect to the grid" like what is being discussed here.
427  Bitcoin / Bitcoin Discussion / Re: Beware of nocoiners on: March 13, 2019, 06:18:18 AM
unfortunately there has always been a lot of misinformation on social media on every single one of them partly because a lot of newbies try to spread what they think is their "knowledge" but also partly because a lot of times (like these days) people want lower prices for bitcoin so that they can fill their pockets with more amount of bitcoin whilst investing the same amount of money so they spread FUD about bitcoin.
428  Bitcoin / Bitcoin Discussion / Re: Bitcoin ETF is finally here? on: March 11, 2019, 02:55:57 PM
ETF in US which is determined by US-SEC is the most hyped up thing in bitcoin world otherwise ETF itself means nothing at all. if you do some search you can clearly see that other countries have already approved some ETFs for instance I know of Japan which already have approved an ETF, there is Canada, and if I am not mistaken Sweden already has it or were considering its approval and was very close.
429  Economy / Trading Discussion / Re: You better invest in Bitcoin now not later and here's why (bullish signs) on: March 11, 2019, 09:48:45 AM
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Just as people were duped in December 2017 that the bullmarket would last forever, everybody was screaming lambos on the moon, we could get duped this year too, thinking the bear market is here to stay.

this is a key point I don't know why some people get stuck in certain trends and want them to last long! we have already had over a year of drops with months of stable accumulation. but still some people think price should continue declining and reach ridiculously lower prices like $1000 again!!!!

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Now this is important because the last time we had a bullrun it was a disaster! It didn’t last very long and it crashed miserably afterwards.
you are confusing "bull run" with the ending "bubble". they are different.
the "bull run" in a way started in 2014ish and lasted about 3 years. but technically you can call the 2017 the bulk of that bull run since the biggest rises occurred in that year.
the "bubble" on the other had was the final step which only took less than 1 month where price went from $9000ish to $20000 and that was the bubble which caused the bubble burst and the corresponding bear market that has lasted this long.
430  Bitcoin / Bitcoin Discussion / Re: What happened last week? | Bitcoin Transactions on: March 11, 2019, 08:11:09 AM
Veriblock  that was mentioned above is most probably the main reason for the spike in number of transactions but lets not forget that in the same time frame (meaning during February) we had a big price rise which brought bitcoin out of a stable phase around $3100 and took the price up to $4100 which is a $1000 rise and as it has always been the case with every single price rise in history they are all accompanied by a big spike in number of on chain transactions (some people are transferring their coins on exchanges to sell and some are buying these coins and transferring them out to their wallets). and now that the price has stabilized again around $3800 we see the drop.
431  Economy / Speculation / Re: Bitcoin spike on: March 11, 2019, 07:26:54 AM
next bubble is going to be $300,000 ($300k) and it will happen in 2021.

why? because that is the trend that bitcoin has always been on if you zoom out.

That's what I would project based on the past. But as everyone knows, we shouldn't frame future expectations based on past performance. From a statistics perspective we only have a few data points (the 2011, 2013, 2017 bubbles) and with such little data we can't be confident that aberrations from the trend won't happen.

If you think of Bitcoin like a traditional tech adoption curve, then assuming we're on a log growth trend is ruling out the possibility we are actually leading up to an S curve. An S curve could take us to $10 million+ very quickly. I know that sounds crazy but looking at other tech adoption S curves like mobile phones, etc. it's really not if you consider Bitcoin's spot market scarcity. We haven't even tasted mass adoption yet. Just imagine what will happen if we do.

I agree that we can't speculate only based on past performance but that was not exactly what I had in mind. I am also taking into consideration how the conditions in the past that has led to those performances have not changed for example adoption is still happening with the same rate as before with the same acceleration too.

I also agree with the S curve theory of how bitcoin price is going to be like. but again the speculation is based on IF the conditions don't change. for instance back in 2016 I was predicting price to be at least $2k in a year (it was around $600-$700 at the time) based on the performance of that time. I had no way of foreseeing the big adoption that happened in 2017 and certainly no way of predicting the end of the 4 year long scaling debate to happen in 2017! both of which contributed to that rise.

in the near future we can have similar cases. for example something unlikely like Amazon accepting bitcoin or better yet doing it through LN is going to shoot the price up at least 500%
432  Economy / Speculation / Re: Current Bitcoin Price prediction on: March 11, 2019, 07:08:37 AM
Looks like it could break upwards.
Anyway we still have a bigass queue of people that want to get out on the way up Smiley

true but we also have a queue of people that want to get in at the bottom but scared because they think this (or the lowest price got that was around $3200) is not the bottom. these people would want to jump on board as the rising signals start showing themselves Smiley

remember that it only takes a small rise for all hell to break loose and we see one of those famous green candles worth $2000 on the chart...
433  Bitcoin / Bitcoin Discussion / Re: Wozniak Sold his BTC at the height of the bull run on: March 11, 2019, 07:01:45 AM
It is just a logical decision in my opinion. I sold almost 50% of my coins during the ATH, because I wanted to get back my initial investment capital to eliminate all the risk of losing everything, if the experiment failed. The 50% that I sold, eliminated all the risk that I had with my investment and even gave me a huge profit. <So if this goes to ZERO now, I would still have made a huge profit with my initial investment. Cool >

Wozz should not have sold 100% of his investment, but only enough to reach a ROI.  Tongue

"during ATH" usually refers to the time close to $20k or at least from $15k up. to get your initial investment back by only selling 50% suggests you only started buying when price was between $8k and $10k!!! if that is true then why did you wait that long to invest in bitcoin in first place considering you are an old member?

regarding Wozniac I have seen news sites twist his words so many times that unless I hear him clearly state what he has done with his coins I wouldn't believe what I read on these news sites!
434  Bitcoin / Bitcoin Discussion / Re: Collection of the Satoshi Symbol Proposal on: March 11, 2019, 06:09:11 AM
Ha... This is cool! But I wonder if we really need a symbol for Sat....

let me give you an example for easier understanding when you want to buy something like a game that is worth $9.99 saying it costs BTC0.00049950 is hard, you can't even read that without saying zero point zero zero,.... but reading 49,950 is easier (that value is with bitcoin's ATH at $20k) now when price rises more you have to say it costs something like BTC0.00000499 which is even harder to comprehend but saying 499 satoshi is much easier. and having a unit instead of the word "satoshi" makes it even more compact.
435  Economy / Speculation / Re: Bitcoin spike on: March 09, 2019, 09:00:52 AM
next bubble is going to be $300,000 ($300k) and it will happen in 2021.

why? because that is the trend that bitcoin has always been on if you zoom out. a solid rise of about 2-3x per year then when the rise and profit is seen a lot of newbies rush in and drive the price up into a bubble. we are now on the groundfloor of that upcoming bubble. the solid rises will start this year and price will reach probably lower but close to $10k and then in 2020 as the halving hype and a bunch of others start the rises become faster and as $20k is reached the FOMO buys are going to start and the launch to the moon will start. eventually end up with a big bubble above $100k, I chose $300k because I would be a much smaller version of 2017 rise so I gave you an under-speculation to have a better chance of being correct.
436  Bitcoin / Bitcoin Discussion / Re: Bitcoin - Back to the Future story :-> on: March 09, 2019, 08:45:39 AM
If you look at a price chart since the first block was mined you’ll see that the exponiental trend is actually upwards, always upwards over time. The price of 1BTC will probably reach six figures in the next 5-10 years, I hope you have a pile of coins otherwise you’re going to be full of regrets.

Unfortunately, it does not guarantee that Bitcoin price will grow that high.
I also have some BTC savings but as I said It is better to be realistic without any blind faith in wealthy future that will come from nothing.

there is no guarantee and there is no faith. they are both extreme sides of the same coin.
what we have is speculation. bitcoin has been performing very well in the past 10 years with a solid adoption growth that has led to a constant growth of it which is partially visible on the price charts and if you ignore the overly excited parts which lead to bubbles and then bubble burst bear market dumps, you can clearly see the solid rise over time which is similar to an exponential rise that is speeding up.
437  Bitcoin / Bitcoin Discussion / Re: How are you going to secure your bitcoins for your next of kins? on: March 09, 2019, 08:40:15 AM
I am always having a hard time trusting others specially in-laws so your method is never going to work for me. I am not married so I don't have a family yet to give them anything. so far I am only responsible for the coins that I own and I don't think this is going to change any time soon! so in case of my death bitcoin is going to become a little bit more scarce Tongue
438  Economy / Speculation / Re: Reversal of Bear Market? on: March 07, 2019, 05:23:51 PM
That is the beauty of cryptocurrency trading. It is volatile and not stable which makes it possible for the price to be $2000 today and move to $4000 tomorrow or can still go lower than $2000. The bear market of 2018 was so long that it affected the market and all the traders felt it. The market is likely to reverse this year.

nothing about what you just explained has any beauty in it and it is NOT called volatile but instead what you are explaining is called pump and dump because it is not natural for price to go down 50% and get pumped 100% within a short time!
volatility is when you see daily fluctuations as big as 8-9% and you call it "normal" because it is volatile.
439  Economy / Trading Discussion / Re: Is it possible to double capital in 2 months? on: March 07, 2019, 03:55:25 PM
Can I double ....

let me be blunt. NO you can not. because you are putting yourself under a lot of pressure and as a trader you will not be able to cope, and that means making bad decisions one after another and the result is even more disaster and more debt. so try to stay away as long as you are in this state of mind and financial state.

additionally success in trading requires tremendous amount of experience, I don't know you but I am going to guess that based on your posts here you have no experience which is another strong reason why you are going to fail if you start trading.

don't worry this market is not going anywhere. go deal with your debt and other problems and then come back and start building your life from scratch and start small. you can double your capital eventually but not like this.
440  Economy / Trading Discussion / Re: Bitcoin trading velocity constantly rising since December. on: March 07, 2019, 03:48:14 PM
Also with an increased volume on exchanges and not that much push happening on the price, it could only mean that people are already accumulating a lot of coins in their arsenal, which could signify a push that is just around the corner.

I'm not really sure if a push is around the corner considering that an accumulation phase could take much longer than people expect, but the boost in volume is quite a positive signal. In the end, volume = interest, and interest is what we need to bump whenever we're ready for it.

I do expect a few more $4000-$4200 tests before we break it for good considering that we're in an ascending triangle and do the same thing we did last year, but then in the opposite direction within a descending triangle. Last year we were continuously testing the flat support level, this year we're continuously testing the flat resistance level.

If you test the same support/resistance levels over and over again, they'll break, and in this case I expect it to be a positive break.

the rise is inevitable but I agree that we can see multiple tests of the resistance at $4000-$4200 before it breaks out. but the thing about bitcoin price rises is that usually they break all expectations. for example at this point the market is so ready for a big rise to happen, there are literary thousands of people waiting with their money ready to jump back in and they area only waiting for some sort of signal. a small "ignition" can kick start the rocket and we can see $5500 in 1 day.
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