Many traders do not learn risk management when trading, so finally suffered a loss until the capital ran out. We must realize the importance of risk management in crypto trading, therefore learning knowledge about risk management is a must. The difference after mastering risk management with before mastering risk management for me is clearly different.
Partition of capital is the first step in carrying out Risk Management, usually my capital is divided into 5 parts. I will use the first part to buy coins that I think are profitable, but if the price goes down, I can use the second part to buy again coins at a lower price. The third to the fifth part is used to buy more coins if the price decreases. By trading like that I feel much calmer. The second step to implementing risk management is by setting stop-losses and take profits, which traders have to do. In order to be useful for reducing risks due to volatile crypto price movements. By carrying out the two steps I have mentioned, risk management should be carried out properly. And we can become successful traders.
That risk management usually comes from dividing your money into pieces and many people end up failing to do that. I normally put only 5% of my whole portfolio into just one thing, I never go all in with just one coin, and when I am buying that coin with only 5% of my money, I also place that apart 10 times as well. If you want to know an example that means if I have 10k dollars, 5% of that is 500 dollars, that means I invest 500 dollars into something and I split it 10 times for each week, meaning I buy 50 bucks worth of that coin for 10 weeks to get to that 500 dollars. If you keep doing this for 20 different coins that you really trust, not centralized stuff like ripple or bch or bsv, stuff like that, but more serious coins like btc, eth, so forth that would mean that you would end up with a great portfolio and that is how proper risk management can be done. |
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I actually coded this kind of buy new listing bot yesterday, i'm testing it this morning.
It search every second for new coins ( paired with USDT BTC BNB BUSD ) not existing yet
then buy it ( in fact it can first exchange to get BTC BNB BUSB if pair is not with USDT)
then it follow the price with a trail stop loose.
I miss the ALICE token, it appear that i was running while release BIFI/BNB and it took 7 sec
and 8 time ordering to get my buy order filled, so price is running wild sometime.
i'm interested to find tips and how many BNB i need to be VIP customer on Binance.
I would advise you to be careful, the thing you are doing right now is not proper managing of finances, you are dealing with real money but also using a beta software, you can't create the perfect software on day one, it takes trial and error and you are building it so that means there could be problems along the way. Plus, just because a new coin listed doesn't mean that the price will go up, there are other places that list those coins beforehand and it could be going up already when the news is heard and people could dump it when it is listed, not saying you will lose money doing this, I am just saying there is a possibility and that is why it should not be considered guaranteed income if you ask me. So in the end, you have a beta version of a product that does something that might profit you, that is as risky as it gets so use small amount of money for now. |
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Actually, by buying the NFT the owner is not buying any enforceable property right. He is just buying a blockchain registered proof that he purchased a digitally autographed tweet.
It is a very doubtful investment isn't it?
This is my main issue with it. It's an entirely arbitrary ownership over a digital form of something. The only thing that that gives it value is people agreeing that 1) NFT ownership connotes actual ownership over something that only digitally exists, and 2) this is valueable. But then again, that's cryptocurrency in a nutshell, so it's quite ironic that people think bitcoin has value but NFT "goods" don't. That is exactly what it is. What gives bitcoin value? Why did it reached 60k? I mean we all know that it doesn't have an actual "value" considering that if we all sold our coins all together that would make it worth zero, even a stock has a value because company makes a profit, but this makes no value at all. Which is why I really think that it is quite obvious people are valuing NFT just like they value crypto. Only weird part is, we have seen as much as 69 million dollars for one NFT so far, where can this lead to? I mean bitcoin is at least a currency but these are art stuff and one person giving it a worth doesn't mean that others agree with that, in crypto we agree together on a price and that becomes the price but me paying 1 million dollars for an NFT doesn't mean that anyone else would, hence suddenly it becomes something a bit difficult to value in that case. |
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-snip-
No, those donations are a write off during the tax season for this billionaires, they are not bad people per se but we all know that they are exploiting people. Imagine if Bezos didn't donate but instead made a livable wages for his workers and have the working conditions of their workplace improved, that will be for the better, you can't donate for good cause but at the same time exploit your workers, that is a little bit hypocritical. This donation to the charity is just a way to promote the NFT that Dorsey is going to make. You know how much it would cost to make it union friendly? It would cost about 220 million dollars a year to 770 million dollars a year. I know it "looks" like a lot of money but we are talking about Jeff Bezos who is the first person to officially break 200+ billion dollars, I am pretty sure he could survive paying on average 500+ million dollars more per year. By the way this includes extra workers to make current workers work easier, better benefits, better wages, better conditions, everything you can think of, I mean 770 million dollars is a number union mentions but it is too much, 220 million as seen as bare minimum improvement, so that is why I said 500 million on average. That kind of money wouldn't even hurt him a bit, wouldn't even matter because he may make that back with few points increase in amazon stock prices. Long story short these are all bad people, evil to their cores, I do hate them, and all those "cute" things they are trying to do is all bull shit if you ask me. |
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I think binance will definitely allow people to stake ethereum with their money there, after all if I am putting all my ETH in there, and binance stakes it for themselves, then I would simply remove it and stake it either myself or put it in a pool and stake there, which means that if binance does this, they will lose a lot of customers and money and the amount of eth on their website will grow constantly smaller and smaller for a long time until it is very tiny, even for binance. That is why they will definitely make sure that people could stake ETH on their website, maybe not on day 1 but they will eventually get there and create a staking pool for sure.
They are already doing that with BNB right now, it is not a proof of stake coin but even with that people are still staking it as in defi style and that is not a bad idea to add more coins there for binance neither.
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I think nobody knows, only the team knows, nobody in the team tells it to anyone beforehand that much, and even if they do I doubt that it gets out that easy, think about how hard it is to be working at binance and if you end up doing something wrong you would be fired, only the staff knows about it beforehand and that is why I think it is quite important to keep it a secret and if you share it with anyone you will be fired and will lose one of the best jobs in the world.
That's why we should not try to guess which one will be listed, I think binance will keep on listing coins that are on its chain, specially the big market cap ones, and high total locked value ones, those are great projects that are working great on dex right now thanks to valuedefi and pancakeswap but they could be listed on binance itself as well in the future since its projects on their own chain.
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I have to say this has been one of the weakest years I have ever seen, in fact in the recent years the idea of making a film for oscars and making a film for audience started to change a lot. Oscar movies are there to give a message, to have a political stance sometimes, to have some societal situation, whereas movies who are made so that more and more people would watch are different.
Do not tell me that these oscar movies are "watched" because even the best one rarely gets watched (recent years of course), look at how much Marvel was watched, you think Marvel was a best picture oscar movie? At the end of the day we are not talking about this growing gap anymore, new movies for oscars come out as hardcore message sending as possible and other movies grow to become more and more huge to get more and more people going so that they could make money.
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I love these kind of topics, and here we are, at the end of the day, we are at 55k and didn't move, that was just one drop and we didn't dropped any longer. It doesn't matter if it drops to 45k today or tomorrow or a week from now, this topic itself is wrong, why? Because it said today and it failed already, from now on he can't dance around and say "I was wrong just 2 days" or whatever, that is still wrong, I can say "we will be 50k in a day" and if we see 50k in a year that would be still wrong. Long story short bears will try to do whatever they can to stay bear, but they are going to keep being wrong as well.
Remember all those people who sold in bunches during the last correction? Those people were afraid that bitcoin would go back under 10k, there were topics about bull run ending, there were people saying we are definitely going under 20k this time, what happened? We broke ATH in a week.
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You can't expect companies to keep buying constantly, they have bought over 20 billion dollars worth of bitcoin total in the past 400 days or so, that is more than enough for us to go up and we did that, you can't expect that to continue, what should they do, keep buying billions of dollars worth of bitcoin once every week? That would omit all the money even wall street has in a few years, that is not realistic to expect.
This is why I think it is quite important to realize that we should not put our hopes into these people, let those companies do whatever they want and we should try to move bitcoin up ourselves as well.
If we let it be like this, that would not mean anything nice for any of us, we would just be people who sell and people who hold, rarely there will be small buyers, then hope big names protect us, that is not going to fly, we should be able to at least keep the price around these prices with our buys.
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Who made you believe that 50 dollars is a trading worthy money? I get that lower is not, but 50 is not neither, what is your goal in crypto, to eat a nice dinner for a week? Even if you do 10x with that it becomes 500 bucks, even if you do 100x with that it becomes 5k dollars. Those type of money doesn't change your life, it would be nice to have them of course, but it doesn't change anything at all.
Look at me, I started with few thousand and broke over 10k barrier recently, I am hopeful that I will be breaking even more barriers soon like 20k or 50k and even more one day, that should be great if you ask me, I really do want to have a lot of money but from my start to finish if I do 100x I would be fine, that would be more than enough money. I do not suggest starting any lower, if you do 100x and your life doesn't change, it is not enough capital.
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I do not get why would Juventus want to sell him? I didn't understand when Real sold him neither, but I didn't get it when United sold him too, basically I do not get why anyone would have Ronaldo on their team and think about selling him for ANY reason.
The reality is that if I was president of Juventus, I would tell Ronaldo to give me an age when he thinks he will retire, and give him a contract until that many years. He thinks he will retire at 40? I would give him contract until he is 40, that is how it should be because it is Ronaldo we are talking about.
Not like you could sell him and get a player that is better than Ronaldo for that price, nobody would be willing to pay fair price for him because you buy a player for this season but for next seasons as well and Ronaldo is awesome right now but for how many years? So that is why the team that has him could use him the most.
I think teams wanted to get rid of him when he worth something better than nothing. If you have Ronaldo you are using him and he helps you, you make profit from the jersey sales when you buy him as well, those are all great, he sells tickets (well not now) and he is all around a player that helps your team become better, but if he retires in your club you have lost a huge chunk of money that you could have made otherwise. United sold him because he was young and they were paid a huge amount of money for him, sure it would have been nice if he stayed but if player agreed to go, you take the money as a club and they may never became that good again, but at least they sold him instead of him declining contract and signing somewhere else. Real Madrid sold him because that was 100 million they couldn't get and plus a ton of salary to pay him until he retires, it was financially easier choice and not like they are bad neither. |
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I do not agree that every company that bought bitcoin will sell eventually, these are the same wall street companies that keep holding same stocks for decades, Warren Buffet has been holding coca cola for 50 years, maybe even a bit more, he bought geico shares god knows how many years ago. Long story short this is the type of community (wall street) that doesn't sell, they just let it grow and tell their customers the money is there, why would they get scared and sell? This is why I think it is quite obvious that we should be doing fine right now, who would want to disturb that?
I think companies will keep buying and holding and that is why the bottom could be even higher than what OP said, if we crash nobody would care about those prices but I do not think that we will crash, we are doing much better than expected and as long as they keep buying, we will be doing better as well.
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Jack Dorsey worths 12+ billion dollars, that should be good enough reason to donate 15 million dollars that he got out of nowhere, he doesn't need that kind of money at all. In fact he should be paying more taxes than he currently pays and the difference is much bigger than the 15 million he paid, Jeff Bezos pays about 100-200 million dollars in donations every year as well, if he paid even 10% federal taxes he would have paid over 20 billion dollars this year.
These "donations" that the rich does is basically a way to show the world that they are not bad people, that is what they are trying to do, they are saying "we are not taking it all, we are helping others too" and media helps them get the news heard, reality is that they are only paying fraction of what they should be. None of this "gave it to basic income initiative" news brings me any joy.
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I think it wasn't declared if they provided anything like a loss or a profit, but they did their best to make a profit from it but failed. The reality is that they started shorting since 3 dollars, which means even on the lowest point during this period they made a loss, so it is 100% guaranteed that they made a loss, however we do not know how much, it must be a lot of money considering how much they needed and how much they would have spent to pay those shorts.
There is no guarantee that we can keep this up, which is why there is a chance from the last crash they may have shorted again and made a profit to cover the difference and go back to profit as well, we know for sure that the early shorts were a loss, but we do not know what the current situation for those companies are. At least robinhood is allowing people to do whatever they want to, that is understandable.
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I believe your goal is to make your trading process easier, spot entry and exit point easily, and then make decent profits from it?
Using a bot as mentioned above is probably the closest solution to what you're looking for. Most bot use algorithm that technically will spot pattern and then use it to make your trades, even if they don't print a chart or anything like that. As for trading platforms, I don't recall any website like that. Most of the time you'll have to analyze it on your own.
Those trading bots usually do not look for patterns, they usually look for indicators and buy when you want it to buy and sell when you want it to sell, like let's say buy when BB is under 20 and sell when weekly is over 200 and so forth like that. Basically it is something that normal trader that knows how things work would be able to use normally, there is nothing that would make it work for a simple trader that doesn't understand from chart reading or indicators to use, that is why I do not believe that it would work for regular people. It is not going to be simple for everyone to use it, but it is better than nothing. I still think there is nothing related to patterns because bitcoin doesn't provide any patterns, people think it does but the reality is different, I think every day is a different day in crypto and just because something followed another before doesn't mean same will happen later as well. |
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Those platforms are not anywhere to be find and most of them actually hurt you more than they help you. There are two types, one type is the one that is legit but most of the time those movements do not mean anything in crypto and you make a move based on that and you end up losing too much money, the other one is scammer directly and you end up losing money directly without even doing anything, not even a chance to make it back.
So long story short, automatic pattern recognition is not something in crypto, there is no patterns in crypto to be honest, there are things that happened in the past, and there is no guarantee that it will happen again, so long story short we end up with losing money if we try to calculate based on patterns. This is why I suggest you to stay away from automatic pattern recognition because there is no patter how could there be automatic versions.
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If you already have that token from the new project, you can send it to the exchange and sell it right away, especially when the price increase so high. But if you do not have that token, it is better to wait for a while until the price stable, as you said, because, at that moment, that will be too risky if you decide to buy. After all, the price can get a pump or dump from the traders. But I think waiting for a while will be the best strategy to prevent losing the money because of the pump and dump moment.
That's true, I have seen a coin that had only 2000 token airdropped, and the price would go down according to what I believed, because let's face it airdropped ones would be sold right away, but people bought right away and increased the price a lot because there was a lot more requested compared to available, and I have seen zero airdropped tokens that dropped as soon as it started because people either mined or staked or whatever and made some and dumped right away since they made it easily compared to later stages. So, there is no way of knowing what is going to happen but the smartest decision is to wait when you have none and sell when you have beforehand, that would allow you to make as much profit as you can. I can't guarantee anything that would profit you, anything could happen, but buying right away as soon as it starts could be dangerous. |
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Exactly, the VIP section explains it clearly now. I don't think Stake will change the new rule but just shared my personal opinion about inequal bonuses. Maybe, after few years only diamond VIPs will have access to reload..lol
I created this account 4 months ago like this screenshot I need 45% to go platinum right now I haven't decided whether to continue pursuing platinum or just play it when I like it. Come on stake give us something different from other sites   That's a huge achievement, people may not understand how difficult that is, well not difficult but how expensive it is, so I wanted to stop and say that gambling that much in 4 months takes a lot of courage or at least millions of dollars at your side so that if you lose this you do not get upset about it. Stake will probably do something about this issue, we have been talking about it for pages now and that is why I think they are going to end up doing something about it, I do not know what it will be but they will do something about it for sure. I really hope that people will end up with something beneficial from this, after all it is their right to get more, or at least ask for more, and if stake provides something that would be great for you guys, if they do not, I am sure all these people that gamble a lot can find another place that could provide more. |
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Honestly things are looking more and more ok for Nets but I feel like we need to first see that lethal line up first. Kyrie-Harden-Durant-Blake-Deandre is a lethal line up and if they all play with a well oiled machine type strategy as well, that means there is no team that can beat them, impossible to beat this team at all.
Lakers on the other hand is chasing Lamarcus Aldridge, I do not know if they will be capable of getting him or not, but if they can actually get him, that is going to be amazing team all around as well. Lebron at Small Forward, AD at Power Forward and LMA at Center would mean that Lakers would be one of the best big teams ever, not now but ever. Let’s see what happens, I really want to see a fully healthy finals of Lakers versus Nets, that would be one of the best finals for a long time because it would mean that great players will clash.
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Yess another all time high. Let's go..   I think this 60k is different than any other one, it is seriously doing amazing and it is at a level where people said we can't reach right after a level where people said we are in a bear run. Think about it like just 10 days ago or two weeks ago or something we were at 43k, dropped from 58k to 43k, I understand people being in fear and many of them said that bear has started, many people assumed that just like how it reached from 20k to 3k the price will drop from 58k to very low levels as well. However that didn't happen, we went higher, and get back to a new all time high, it is seriously as great as it gets because there is no other asset in the world that could recover this fast and to this high. When people expect bitcoin to drop 80%, it instead made ATH, so thats a different new ath, this didn't come after a big bull run, this came after a huge bear run, that's vital. |
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