Do you think that it would stay at $14K or would it be just the same as it did on $13K it would climb up faster?
Btc just pull back down to $13,800 as of now, It wouldn't usually stay at the highest point after breaking new resistance level, but If Btc could gradually climb back to that level, there will be a huge chance that Btc would be staying at that range base on the price movement. Nevertheless, It's good to see Btc continuing to make an upward movements. For me, it's just a pullback. As you can see in the 1-hour time frame, it is really showing how Bitcoin is rising from time to time, started last October 28 - 29, when the $13,000 is a huge support for the short term on Bitcoin, multiple times we tried to close below $13,000 but look, it's just a wick and Bitcoin is bouncing back after a short period of time. For me, once we again break and close abov $14,000, an easy $14,500 - $15,000 for Bitcoin.
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So not surprisingly, you are not buying bitcoin; you are buying some numbers on the screen which they have named as "bitcoin" and their only porpuse is the one of speculation according to the prices that the platform, and not the market, decides. And in between, they take an unkown comission during every operation that is made. (....)
The fact that you cannot transfer it to other wallet or users, makes it so, we are dealing with numbers that are associated on the price of those coins in the market, they cannot give us a transaction text so our transaction is not part of the blockchain, I am in a country where the feature is not yet available but I already have an idea, I think I better of with other platform, it's not the usual Bitcoin that I'm familiar with. For me, the fact that the thing you already don't own the private keys of your Bitcoins inside your Paypal account, it's already non-sense for me, you still don't own that Bitcoin, that' why Paypal is really almost the same with centralized exchange now. Nothing surprised me about this Paypal thing. It's just Paypal got more customers when it regards to Fiat mode of payment.
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$100,000 is very possible for Bitcoin in the coming years. But we don't when it will, that's why it is called predictions. Different people got their own opinion or prediction on Bitcoin these coming years, some may too much, or some may not. But most of them may be possible because some of them are supported with analysis, just like technical which is showing on the chart and basing it on previous years of Bitcoin, it is clearly showing it will go on that price. Just be careful about what other people predict, especially if you are buying Bitcoin because you are expecting the price they are telling, you should also confirm it by yourself.
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Here's how if you will become a Full Member soon. On your bitcointalk profile, on the left side there is Modify Profile, and under that, click the "Forum Profile Information". Then you can see on the first avatar with a label that "Avatar: Go here", it will navigate you to another tab for the part which you will upload for the avatar (image)
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BTC is generally positive while it stays within the weekly average, its got great momentum considering so much doubt is in the market around political and pandemic worries. We lost 2 day then challenged lower with a 3rd touch today, I dont expect it to be negative for the rest of this week. Until any further action maybe next week it must be called positive while keeping buyers happy in general. For long term gains I do think it has to challenge critical levels, theres always froth and hype in rising prices which will represent weakness and has to be taken out periodically but many people now believe BTC is some kind of safe haven from losses elsewhere, Im unconvinced we will be so simple to sit higher no matter the news and currency flows but its done well post March. Bitcoin Tops -> Alt coins pump -> Alt coins top I noticed that after the 2017 peak, surprised me but its happened a few times I guess. I am really looking forward to this another strong support for Bitcoin now. The $12,000 area. Before I believe the $10,000 is also the strong one when we are still ranging $10,000 - $12,000. But look at how Bitcoin broke that $12, 000 price level resistance last year and this August - September. For now, I am not worried even we will feel a huge dump until the weekly close, as long for me, we will not drop below $12,000.
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3. Total reliance of people's opinion. Among many others. My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter. (....)
Most of the victims of this mistake are the newbies, those people who are just starting to learn different things. I admit this because of back before when I started to learn cryptocurrency, like buying Bitcoin or other cryptocurrencies, or trading. I really trust other random people on the internet in their own opinion and I ended being REKT. Learning on our own and being positive in our own opinion is really important, we should learn how to trust our own instinct before other people.
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I hear some people that doing trades and complaining about their trading capital.
So, does trading capital really matter at all? Are there any disadvantages to having a low capital the higher one?
My point is, having a higher trading capital will make you a good trader or successful trader? Because what I think is if you have high capital, the risk is high for sure yet the reward is also high, but when you have low trading it's still the same, you got low risk and still low reward.
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When it comes to candle reversals then i do follow several patterns of candles. (....)
I don't joke with those candle patterns (excluding the Engulfing Patterns) on a higher timeframe like the 4hrs and Daily. Those patterns can easily change the direction of a trend. (....) These candle patterns are helpful, I also admit that. But we should also think that the higher timeframe we are using, the more accurate we can get, especially if you also based on the candle pattern because there are some cases, for example, you find a bullish pattern in 1-hour time frame, but if you check the higher time frame, it is bearish. here is a popular quote saying that "opening hours are for amateurs while closing hours are for professionals". There are many fake movement in the opening candle and it is the reason why some suggest to have positions in the closing candles. (.....)
Exactly, some fake movements e.g. fake breakouts can be one of the best examples here, just like shown in the first post chart. You thought it's already broke the previous resistance which called a breakout, but after the daily candle closing price, bam, it's rejected. So I admit it is a fake price breakout.
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Warren Buffet says that he doesn't like cryptocurrencies and he doesn't intend to buy any crypto. But if I am not wrong, there was news about he bought some Bitcoin anyway. (....)
Some people may change their minds anytime. Warren Buffet literally knows how to make money, he literally knows a lot when you said about "money", he becomes a billionaire because of his skills and brilliant mind. His sentiment on Bitcoin before may still a few foundations that's why he is telling the public he is not buying Bitcoin, but later on, he changed his mind. That is an example of being a good trader, you can always change your find based on your analysis not because of what people says.
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We all know that working for the country especially if you are in the government, a lot of benefits. For example here in our country, a lot of people dream to work under the government, because of benefits and some of their workload may not that so many and not that busy. But for me, it's not my dream job at all or maybe it is involved with my skills.
Trading cryptocurrencies while you are working or having a day job, may a good decision especially in your work, you are not that busy and you got a lot of time to learn how to trade.
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This method is not effective for the long run, this is purely a gamble for me, it's like you are playing a toss coin here. The nature of being a trader here becomes useless. If you will just use this method to identify if it is a downtrend or uptrend, it may not totally effective at all times, we all know that cryptocurrency or Bitcoin is extremely volatile.
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I am sharing a short 1 reason why we waiting for a candle to close is really important when you are entering the trade. This may different approach for the different approaches to the way we trade or enter a trade. This example using a support/resistance method to enter a trade. An example chart is NEO/USDT pair. If you are using a breakout on resistance method on trading, and if you can see the blue arrow, it's clearly a resistance and about to breakout. The next candle on that blue arrow, after the candle closed on that blue arrow, you can clearly see in the yellow arrow that, the resistance already broken in the daily time frame. The problem here is not yet closed, so you may enter on $42, which is already broken the previous days closing price. But at the end of the day, on closing price, it is below the resistance you are looking for. So the result, is kinda reversal, following candles become bearish and lead you to dump. What're your thoughts? You have any reason why waiting for a candle to close is important? Feel free to share!
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For me, this is normal. Every system got its own holes or maybe some security flaws, even how high the scores of those mentioned Decentralized Exchanges (DEX), there may be still some issue or bug. Some entities like CER may come up with different rankings and findings. But I really appreciate CER (Crypto Exchange Ranks) for taking the initiative to do this kind of research and do their ranking on the Decentralized Exchanges (DEX), this is really helpful for everybody especially for non-techy traders and this will help to become a basis for choosing an exchange.
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Recently, I am really watching closely the huge horizontal support of Bitcoin is $10,000 and it really shows a strong one before, even bears try to break and close below the $10,000 on the daily time frame, but they failed, almost 2 months that we don't close below $10,000 before.
Now the next target again that we will build strong support is the $12,000. Volatility these past few weeks on Bitcoins becomes not that so strong, it kinda becomes neutral as we slowly near to the all-time-high.
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What do you mean by automated trading strategies? There are a variety of choices and using the general word doesn't describe your intention. (....)
maybe he meant he was looking for some kind of signal trading bot without human intervention, which has enough trades with a budget of $ 100,000, and also has the four criteria he mentioned. (....) In short, he/she want free money, like more passive, he just wants to sleep and let the money come. But, with the want OP wants, it's really possible but he/she should also accept the consequences, like not 100% guarantee he/she may earn a huge amount of money and the worst part is losing money. That kind of software or service OP wants is not an ordinary want, it is complex and I can assume it is also expensive.
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I don’t prefer to hold my bnb on exchanger (Binance). Because My thought is if binance hold my BNB,I can't do anything. Only prefer personal wallet that is safe.It's good choice to earn easy coins from staking but if you don’t hold Enough BNB then you will get good amount of coins free. I have low Amount of BNB that's why use personal wallet that provide private key/seed.
If you have a low amount of BNB and you usually using Binance for trading, then you can put it then in the exchange wallet of Binance itself. Did you know that if you are holding some amount of BNB, your trading fee will be lessened? Like it got something discounted for every trade you do. And as you already know, using a small amount of BNB or just any altcoins and put it on staked, a return is extremely low, then you gonna have no choice.
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We should also talk about how the huge risk when a trader using leverage. It's a huge risk and for me, it's not a newbie-friendly. So if there will be a user may see this thread, I really advise don't start with leverage trading when you are starting to trade or doing practice. Go try to use first spot trading, even me now, I am using a very small amount of leverage.
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We people got different opinions and ideas, especially with it already involved financially. If you really value your wealth, your money, you will start to make some moves on how you will start hope about financial freedom. If you notice, some teenagers these days don't have any care about money, most of them are just relying on their parents, can we consider it as a financial responsible or irresponsible, when they don't care about their finances in the future or become financial free that without relying on other people?
For me, being financially responsible is a choice, and one of the reasons why people are afraid to become free because they don't want to responsibilities.
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What do you think of defi projects, most of them are only good for the short term.To make a big profit, we must enter at the right moment, if we are wrong we will lose very deeply.
Defi projects are not really different to ICO and IEO during their hype days, there are bad and good projects. (.....) This is also what I think. For me, Decentralized Finance (DeFi) is like something upgraded ICO, IEO way back 2017 - 2018 days. Remember the ICO fever when the last bull run on the time we reached an all-time-highs, that was a lot of money that has been rekt by a lot of ICOs before, and look at them now 80% - 90% lost! Honestly, I don't want to happen it again now, but we can't really control people who just enter without knowing everything or studying, they thought it's just easy money, easy come and easy go, they don't know the risks.
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Great use case and interesting project but ... I don't get it why every single use case has to be build on new token/coin? I understand that it is made to collect funds to start but does really every single project needs millions to start? To code simple web service(coding for money)?
(.....)
https://www.thenewboston.com/"We rebuilt the Blockchain from the ground up. We kissed those outdated PoW and PoS algorithms goodbye and replaced them with an innovative trust based architecture." That's a very bold statement, isn't it? I don't see any prospects for such coins, because it is for a very limited number of users. I have encountered many times that people do not want to get other coins for their work, except for bitcoin, Ethereum, monero and litecoin. People are even too lazy to install online Honestly, I was also disappointed when I started to know that they were building a new token and the way they compare their coin with Bitcoin. But even like that, I still don't judge them, they are skilled and talented coders. And I know, this kind of project will extremely techy and I can say about 90% of the people will participate here or will use this are all techy people, especially developers, engineers, designers, etc. I am also proud of one of the founders of this project for his dedication; Honestly, I'm a little nervous to put everything out there because I don't know how the world is going to react. But no matter what I will say, of all of the software that I have ever helped build, this is by far the one that I am most proud of.
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