Hi all, I would like to start to post my altcoin trades here, being as transparent as possible. Why I'm doing this:-forcing myself to trade disciplined - I just can't paper trade and will post entries and exits shortly after execution. -planning trades more detailed - I will try to post charts I'm watching reasoning my entries & Exits, preventing to jump into trades (I'm an "overtrader") -overall improvement due to adjustment within this thread after results/ feedback -fun I hope and I'm hoping for another bull run in btc trying to accumulate as many btc as possible until then whats my trading style- I'm a scalp and swing trader. not at all a hodler. For me 95%+ of the coins are shit coins and doomed and i treat all coins like that -except btc. I don't care about fundamentals which makes my trading technical. - I use trendlines, support, resistance, price action, sometimes RSI and MACD histogramm, no fancy indicators - keeping it as simple as possible. - I always have a stop loss! While trading I will execute manually. I willl never sleep in a coin without a stop loss in the system (reason see above) - I try to cut losses usually at less than 2%. 5% if position size is small. More than 10% means i screwed up somewhere. - I try to avoid coins with less than 200 btc daily volume or use very small position size - orderbook may sometimes have relevance - i trade in binance and bitmex (but bitmex tilts me) my background - 40y old german family father with 2 kids - I was a full time day trader in the stockmarket from 2006-2009 - part time trading crypto since end of Jan'18 starting with 0,29 btc, currently at 2.9 btc - which is my trading capital i will use here. (how could i miss out on 2017   ) That's it for now - let's see how it goes....and never forget: nothing in this thread here is financial advise LLG It is very obvious considering what you have posted that you have some through bred knowledge with which you have been able to acquire I guess, and you actually look like someone who is principled enough to at least excel in the long run. It is a good one, at least, it can always help you to stay disciplined while keeping track of your achievements along the line, which is something I believe that as you keep doing over time, you are going to be learning from it and as well, helping others to learn from your actions as well. I always like to see new traders taking the learning approach very seriously. |
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Mine is usually this place and than reddit. Reddit cryptocurrency subreddit is a great source of news but I do not trade personally because of the news, I trade because of the comments. I read the comments on that section and I end up reading about the same coin over and over again because people get hyped about some coin and I realize that coins must be really good to get this much followers.
If a news is highly upvoted or downvoted that doesn't make that much difference to me, however if on an unrelated topic a coin is talked about constantly and that happens frequently than I try to check and research that coin really carefully and usually end up buying it. Same thing here, I see topics about coins and some of them gets old not get any replies at all whereas some of them becomes 200+ page things which tells me it is going to be something special one day.
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That is binary option trading and that trading is very risky. If you are beginner in trading activity is better to learn first in spot trading, include trading crypto and trading stocks. In binary option trading, we have little chance to earn profit because about 80% trader loss money. And also avoid margin trading if you are still beginner.
that's right.. you can lose money from binary trading, if you are trading on crypto exchange, it will not occur because when you get a loss, you can hold the coin you have He would definitely lose money from binary options. This is something that even professional traders try not to even go with knowing the level of risk involved, let alone, someone who is just starting their trading career wanting to go into it. It is a whole lot risky and I see it as pure gambling as far as I am concerned. There are easier and better ways to trade and start learning, trying to focus on the idea of getting rich fast from trading is what has led them into choosing what they should not even be dabbling into in the first place. |
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Cryptocurrencies have been all the rage for the past year or so, creating substantial wealth for investors who bought these virtual coins anytime before the beginning of 2017. Some of the most popular, like Litecoin, Bitcoin, Ethereum, Stellar, Unity and Ripple, have generated enormous returns for anyone who bought, mined, or otherwise acquired these digital currencies soon after they came into existence. We are talking about gains of between 4,000% and 17,000,000% -- potentially life-changing wealth.
I am not really surprised, looking at the fact that a lot of people are actually here for the investment and considering how speculative this environment has been till date. Asides supporting the technology and knowing there is a future here, it is that future that apparently drives the investment knowing that in the long run we actually have some benefit to gain being a part of this phase at a very early stage. Initially, I started making use of cryptocurrency for merchant payment for goods as an importer, and it has really helped, but that does not change the fact that for long term purposes, I am still investing some, while believing in its long term. |
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It's really ironic to see how attached some people to cryptocurrencies/blockchain and is persuasive to tell others that blockchain is indeed the next big thing but couldn't even explain well what a blockchain exactly is. Some of people are just riding in the hype and just wanted to earn easy money in the name of blockchain but didn't really know how a blockchain really works.
Well, that is the world of common men, they simply just know everyone has been talking about how big blockchain technology is going to get in most spheres of life but have no clue how that is even going to happen which is one of the reasons that has subjected this space to huge speculation than anyone could even imagine at all. Also, this is why we really need to start seeing real life adoption in terms of usage, as that would douse this people mentality of getting rich quick, see the real value, get to understand what this whole thing is all about and then at least, we will get to see a more matured and sustainable space in the long run. |
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The Philippines is a relatively small country and I do not overestimate it. I think it only affects the Crypto market in terms of extending the influence of blockchain technology. Anyway, that's a great signal and it gives us more confidence in Cryptocurrency. Investors in the Philippines felt safer investing in crypto.
Even if it is a small country, is it not a good start to see smaller countries trying to make a good thing for themselves. I see a country that is trying hard to at least benefit from the space and smart enough to know this is something that can be beneficial to their economic growth entirely. It is obvious that this is the path in the long run that most countries will start following and while some may end up being late to the show, but one thing is certain, we will get to see a whole lot of countries, realizing what they have been missing all along and trying to also put in some effort into being a crypto friendly space as well. |
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The biggest sign for me is that the price has been not volatile which is actually not rare in bitcoin world as some other people do not realize. The price of bitcoin actually stays about the same for a long time before it breaks out and becomes huge and drops back, it has always been that way, the price of bitcoin stays at a same amount like couple cents to 3 dollars or 11 to 30 or than to 250 or 1400 all of those break outs happened all of a sudden and than they all had a big drop ever since bitcoin was created.
Same happened with this 20k as well and it hasn't been even that long because last time we reached 1.4k was 4 years ago and than price went down to 250 dollars and we needed to wait until last year before it went up again. Right now we are above what we used to be last year and that is more than enough but we are getting closer to getting that break out soon because the price already became stagnant and not going further down anymore.
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Road to 100k+ never starts. Have you calculate how much the marketcap would be if it becomes 100k+ ? It would be both unlikely to pass that and also quite impossible to achieve with the number of usage bitcoin has and the number of people involved in it.
Dollar is involved every where in the world, basically the closest thing we have in the world to a global currency yet if you look at the american stock markets it is still around the marketcap of bitcoin if it hits 100k, you think the american stock markets combined could be same marketcap as bitcoin?
That is very max the limit we can ever hope to achieve and definitely not the higher. Of course this doesn't take away from the fact that bitcoin definitely will go up when bakkt really gets up and going and starts doing what they have been trying to get approved of.
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Back in 2017 it was published that certain powers will crack down on cryptocurrency in 2018. Comments by institutional representatives like "oh there just kids playing in the sand box. They'll lose interest soon." leave some wondering what they meant by these statements. Some say that the moment BTC Futures came online, the market just started tanking, and never really stopped. The double, or is it triple dip that happened here in mid Sept seemed odd to many. Commentators claimed that "unusual market activity" occurred just before it tanked. Many chalked it up to a decision by Goldman Sachs but do their choices really matter THAT much to average traders? Do you feel this market just flows naturally and it's just weak hands throwing money into the wind again and again? Or do you feel that there is a more sinister hand at work here?
I’m not happy cause some people now sees Bitcoin just like an investment, and not just some people but all of us. Everyone is now struggling to make money out of Bitcoin and once they are done with making money as much as they want they will quit and leave others who will also continue with the same thing they did. Before we had people that truly loves Bitcoin and never seen it as such, I don’t know if such people are still here any longer, the whales has changed everything and given people the mindset that Bitcoin is some kind of stuff you can just manipulate and make quick cash. Very bad, I just hope things change. |
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To make bull market become reality should be any new money come in to crypto market, currently about $600 billion market cap loss since january. But i have seen many youtuber and others expert spread good news about Bitcoin and others cryptocurrency in many social media so they also will help to promote Cryptocurrency that will attrack new many investor.
New money would most definitely come in at some point as well as even the money that left in the first place as a result of the correction and some big whales cashing out at the peak. Bulls are always in the market and they have always been in the market, which at this point, considering that we are seeing $6k even as a bottom in this point with over $200 billion market cap and considering that low, shows we have been bullish over the years and years to come will even come with a whole lot more. Investors will pop in one way or the other, what I am just particular about now is to see real life usage for sustainable demand. |
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A strong dollar will impact positively on cryptocurrencies. It is the most outstanding fiat the all exchanges have to exchange against cryptos. Therefore it will inspire confidence in the market.
That probably has an impact. We can say that if the dollar has a huge valie then so as the cryptocurrency because it is he fiat that is the means in measuring the said market. But then having powerful fiat may not be also good to the market, or the crypto currency market. I really do not see how dollar value has anything to do with cryptocurrency, either positively or negatively. These are totally two different spaces which I believe somehow that it would be all about the more money that comes into this space, which is actually something I am looking forward with the Trump's trade war that would likely be affecting some countries. Gold is somehow picking the line to the upper side now and in some way, we may likely start seeing assets growing in such cases, and with that, this might even be touching the cryptocurrency space in a positive way but like I said, it is all about the investor's mindset at the end anyway. |
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Yes it is another P2P trade platform.
There are already a few committed top traders from both Paxful and Localbitcoin ready to make the switch with us (these traders profiles will not be disclosed for obvious reasons). We are traders on both sites as well so there has been a lot of painstaking hours of forethought going into this.
There are plenty of new features in both security and functionality that we will have improved, newly created and implemented as part of this new site.
As we progress with the venture more details on the development will be released.
Well, once you start and we can all see what you are giving, a lot of people will most definitely pop into it, at least with the right marketing anyway. It is not a bad idea, and more P2P exchanges are always going to be needed. Certainly, most of the other P2P platforms have shown some lackadaisical attitude when it comes to the interest of their users, and all they are just concerned about is the money they want to generate. What is the point generating money when you cannot even put some value in place for it? If you can be able to settle some of these things that are lacking, it would surely be a plus for your project and I am looking forward to it. |
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Maybe the best move now is to stay away from Tether it is a very controversial stable coin if you want to use a Stable coin, try True USD or USDC if tether cannot answer all these controversies I'm sure it will collapse someday.
That is just the best practical and sane move for anyone who is smart now. There are lots and lots of eyebrow and concerns with the tether team even being truthful, there is no transparency in the aspect of audit as well as they are just busy minting tether out of the blue. I only pity those who are going to be caught holding tether when it eventually collapses. We have seen the scenario of something that would likely happen recently, and I hope people are really taking note to know they should not be thinking of tether as an option anymore. It is just a matter of time! |
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How dangerous are new projects for the real use of blockchain? We have already seen the story of the CryptoKitties, which brought down the Ethereum network. Can this happen again now? What projects can now grow in such a way that will affect the work of the network itself?
Ethereum so far is still trying to come up with scaling solution which I believe they are really trying hard to get and until then before we will be able to know if influx of games on the Ethereum network will become something pretty easy to come by in the long run. Like you said, we all know how cryptokitties alone got the whole Ethereum blockchain drooling as a result of overloaded and congested network and then high fees. Although, as time goes on, I believe there would be solutions in place that would help to see things in different light but we are not there yet. |
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Working with cryptocurrencies isn't the shortest way to make "fast" and "easy" money, as so many people think.
You have to study the markets carefully firstly, and you need to get a good knowledge about cryptocurrencies, trading, and blockchain technology to help you choose the most profitable ways of earning money with crypto.
And finally, you should be patient a bit, because earning requires time usually.
Well, I am pretty sure that is what a lot of people get to think about when coming in to this space. They heard bitcoin was mooning and going to $1million and then thought it is something that would happen overnight. Of course, it is not a crime to want to get rich, but it is stupidity for anyone to think that for no reason, a market will just be moving up for no reason when it is just speculative driven and then thinking that would be sustainable. People need to understand the space they are in, the risks involved and the best ways to be making decisions for the long term, than just thinking of some quick means to get rich. |
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Talents are gift from above. If we are going to apply and develop it then it will become a reality, that we called "profit".
Right! Talent is something that is usually inbuilt, but skills are something that can be learned. However, the idea of being able to create in terms of creativity we are talking about here is a talent as well as a skill on its own as that is more like the ability to be able to think out of the box pretty fast. One thing though with life is that creativity can take you to places as people get amazed at what you have been able to create, knowing that it only takes talent to be able to achieve something that magnificent and one thing with talent is that when it brings in money for you, you really will not be seeing it as any job since it is something you are enjoying. |
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I studied a lot of top 200 cryptocurrencies, found out which of them already have real products and invested in them and I hope that in the next three to four months they will increase my deposit by 5 or more times
This indirectly means that you would have invested in a huge diverse number of coins among those 200 coins in the market. I personally would not have invested so much diversely but would have stricken to the top 10 coins in the market. Of course if you are rational and have perfect market information, why would you invest in coins that can give you low profit if there is a coin available that can give you high profits. The allocation of capital should be made by keeping the respective profit that you will be able to gain. Besides, you can never give a particular date or month for the boom for you never now what happens in the market. Expect low! |
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The investment in the cryptocurrency market must be based on a relatively strong capital base. Because according to my observation, there are a lot of white people out of the market. Therefore, there must be a firm basis to invest in Bitcoin.
I believe that you just need a good idea or project to roll in millions. This is how things work in the market. If your idea is good enough to attract costumers, you would no doubt be the best seller in the market. Speaking about the big capital, it just enables you own high amount of the coins you want to invest in. This thing proves effective in long term and has been seen in the form of investments made by Tim Draper and other Bitcoin Billionaires. So yes big capital sounds sweet but you can also start with small capital that will give large benefits if you are bale to extend the investment in the long terms. |
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Natural disaster is bound to happen someday, It will have an effect on the cryptocurrency space, but sure it will be for a while, when the country settle back, you can be sure to access your wallet, that is if private keys and password is properly secure, I hope we will get to a level where we can insure our wallet/token in order to guard against unavoidable loss.
Doomsday announcer alert! Come on mate! You made it sound like you know what will happen tomorrow and the fact that natural disaster will just hit every part of the world. If I am correct, you are imagining some Armageddon kind of scenario and in that case, you would not even be thinking of what you are even holding in your wallet at that moment as it becomes useless once you are gone and once everyone is gone. However, this is something that I do not actually see the possibility of seeing a natural disaster happen in all parts of the world. Nonetheless, if this is something that gets to hit just one small part of the world, as long as you have your life and you have a full control of your wallet, you can always access it in the long run. |
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There are a lot of chances that people can gamble, like when you try a drinking game, where you watch a movie, and you are going to drink when that character do a specific thing or something like that. I have done that, and it's entertaining but it's not that common to do anymore
I have a lot of multiplayer games in my PS4, like Tekken, UFC, Injustice, etc. My friends and I don't go to competitions, but we make our own, we start betting stuff or sometimes just money with whoever who wins the bracket.
Has anyone made a simple competition with friends and won a lot of money? Or something out of the ordinary, instead of playing in the casino but still having the chance to earn money. Share your thoughts.
I have only done this once with friends and it can be pretty interesting but it was soccer. FIFA 18, and then we decided to just go the betting style. Men, it was like a thug of war, the adrenaline rush, it was really crazy and fun at the same time. The most important thing is to see it as fun, but the thing with the money part of it is that, that motivation to win is something that would always make you to want to try your best, but sometimes, asides the skills in playing, luck too can really be a case some times. |
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