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Yep. 2019 - 2020 will be so interesting for bitcoin ... first bear market on stocks for bitcoin. Im thinking very often about that and every time i have different conclusions. It might be pump to new ATH due to running from traditional assets or dump to 100$ as running from high volatility asset.
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We only want how bitcoin could have higher price again, it more important to make investor trust about bitcoin investment at the future, when bitcoin never could be on higher price many investor will left bitcoin.
Is it a difference for bitcoin that speculation investor will leave bitcoin at 3k on loss or on 25k on profit? He is here not for technology. he is here for quick lambo. We dont need him ... we need people to start using bitcoin. To do that we need high volume and high marketcap on exchanges to stop massive pump and dumps - what scares average bitcoin users from using bitcoin - how to pay for coffe if tommorow ill be able to buy 2 coffes for that much of satoshis. Big marketcap and high volume will stop bitcoin from massive pump and dumps because its so much harder to pump asset with huge buy/sell orders on order book made by institutional investors. |
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Finally someone who understands how trading works. Great comment! Posts in this forum make it seem like you can pick some random indicator in single timeframe, use configuration that was discovered in 1970 and beat the market. Wake up people! There are huge trading companies with Neural Networks/Machine Learning tools that look at every possible timeframe and every possible indicator with every possible config. And they have the same analysis for fundamental data too. And they make decisions automatically in milliseconds.
Yet here you are, looking at your Bollinger Band 60 minute candles with 20 period and 1 std dev and thinking that the market still acts the same as it did in 1970. That you will somehow make the money with most basic indicator ever with the most standard configuration. Yeah right, sounds legit. Run some backtests and see how your strategy has worked in the past, might see a little surprise there.
And yeah, then there are whales. They don't care about your support lines, when it's time to sell, it's time to sell.
Nice to see that there is at liest 1 person thinking same thing about TA as I do. Most often when i share my thoughts about TA i get response that xxx indicator SOMETIMES work for someone. Yea. Coin toss sometimes works too  Neural Networks/Machine Learning ...Yep ... This is scary. Machines are learning how we trade all the time. How they deal with newses is interesting. Once i was on the presentation where guy said that his bot can read up to 500 articles in 10 diffrent languages in 1 day and is able to do(among others): 1- chose the most important sentance of article 2- to summarize in few sentance 3- spot if they are positive or negative against asset and make buy/sell order based on this (in just few second after news appear in country where it appeared). Thats huge advantage. Imagine that in japanese important article about oil was written in their news website. It will appear in english after few hours. Beafore manual trader will spot it, read and trade based on it next few hours will pass. |
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I am indeed impressed by your imagination capability. What you are suggesting is to convert the entire stock market game in a tokenized environment. But I am afraid to say that it's not going to happen, ever! Sorry to sound negative but that's the reality. The fact is, no matter how much noise we make to see bitcoin as a global universal currency, the network is simply not capable to handle that! We won't ever see any crypto currency will become the main currency for any country, let alone for the world. No matter how advance technology we bring in, non-government issued cryptos will never make it to that level you are thinking!
I am not a pessimist and I want bitcoin to be recognized at a global level. But no government will ever let that happen! Being a realistic person I can say that, we will see virtual version of USD, EUR, JPY or any other fiat very soon which can be transacted through online wallets without having to handle cash! But cryptocurrency? Not an option at global level!
Main currency of any country? What are you talking about. Im talking about tokenizing tradictional assets by creating tokens backed by traditional asset tradable on every crypto exchange (where main curency is bitcoin currently, but stable coins are awaible too for those scared of bitcoin). Not making bitcoin national currency of any country. Did you even read my post?
But all these that we will be imagining could just be a wishful thinking. Those old guys are not going to give up without a fight, they may even be winning if people in crypto starts to listen to every fud they post here. They could also rule this market when regulations are going to be tighter for us.
We dont need their aproof for that. Its like bitcoin ETF on traditional stock market. Does satoshi approve that? No. Company will buy bitcoin on crypto exchange for every etf unit bought from them. We have paxos, theter, usdc, TUSD. All are tokens backed by USD. Did US government aproved that? No. Company open USD deposits and TUSD withdrawals for every usd deposited. Thats all. We only need company that will do the same thing with stocks. Will buy on stock market facebook share(f.e.) for every facebook token bought from them. Screw governments and old guys in suits. With tokenized stocks, materials from all around the world they will come to Us on knees. Thats the spirit of crypto. Asking government for permision is oposit of satoshi vision. Crypto was ment to destroy traditional monetary monopolized by few Truthfully we don't need any of those things. Bitcoin already hit 20k without an etf. I thought the point of bitcoin was to be disconnected from traditional financial institutions. I guess most new investors are just here for easy money and will support anything that will push the price up.
I'm not talking this in perspective of bitcoin price grow. Im talking this in perspective of crypto hitting mass adoption. ETF and BAKKT will help bitcoin price in short term. My idea will pump crypto market for next 100 years. Why? Because average invesotr willing to invest in foreign stocks will have option to invest in it by new asset type called "token" with smaller fees. He will create account on crypto exchange and close to facebook he will see company called Vechain where he might invest too. He will also see BNB token that he will buy for sure to make his fees even smaller. |
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Crypto is new technology. Our tokens are a dozen times better than stocks, contracts etc. Why we are struggling with implementing new technology into old technology hoping that old technology influencers will let us in just because they are old guys with money. Tokens are new technology.
I made this topic to start conversation about showing middle finger to old technology with old guys on board. We need them only for volume. We don't need to hear all the time "we will let your new technology to be trade on our old technology platform by old technology assets but not today ... maybe tomorrow... maybe next year"
What you think?
If fund managing cryptocurrencies, or big crypto exchange would implement facebook token - token like tether but backed not by USD but by facebook shares. We will be able to invest in facebook on binance using eth/bitcoin/usdt or even $ in the future. What about tokenizing whole NYSE, German DAX, NIKKEI, everything ... even polish WIG (all shares, indeks, materials etc). Stock by stock. We will be able to invest in every asset by buying simple token on crypto exchange by universal currency - bitcoin.
Personally i would love that. My broker in my country allowed me to invest only in regional shares. To invest in foreign asset i have to create special account with other broker with huge fees what makes it unprofitable to invest (not saying a word about daytrading). I think it would help crypto hundred times better than pushing new technology into old technology guys hoping that they will invest into new technology using old technology assets... its stupid. Let them invest in old technology assets by our new technology.
Lets create here possibility for everyone to trade on any asset. That will make not only crypto enthusiast to invest on crypto exchanges but also regular investors willing to invest in foreign shares, materials with lower fees. That will make whales from old technology came to us and say "teach us this new technology ... we are ONLY old guys with money"
Just imagine your portfolio based on:
Etherum, bitcoin, US facebook, google, amazon /German BMW and Mercedess / Russia Gasprom / gold, silver / Japaniese Toyota. Everything you will be able to buy on binance and store on trezor/ledger.
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Why you think that it will work at all? If market dont create money all you earn is someones loose. That means that you need to be better than others to earn yes? So if earning on market would be mechanical (3 indicators and i buy) than all bots will be running on those indicators and you, manual trader, wont be better than others because bots will be dozen times faster than you. Also TA needs high volume. If coin has 100 btc daily volume ( only 70 coins on binance has higher daily volume) than 1-5 btc is enough to destroy chart and create fake buy/sell signal. And 1-5 btc is not even a whale. Its kid who invested his pocket money in 2014. https://bitcointalk.org/index.php?topic=4420866.msg39412664#msg39412664 - here i explained why TA should not work (at liest blind indicator combination). Especially in 2018. I use TA on high volume coins, but i rather use it to spot w whale. To spot where sell signall created extra supply that didnt dumped price as it should (whale bought all supply), where none of TA lover would buy. If you are using manually combination of indicators you are loosing with bots and whales. |
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It is really getting out of hand because hackers probably realized that they are literally taking money governments are not caring about so its getting easier for them to steal bitcoin, it would be a lot harder and riskier if they hacked people to get dollars but hacking for bitcoin is better for them.
Its not the only reason why they are stealing bitcoins. Its easier for them because crypto exchanges has weaker security, U can easily make them disappear - (transfer to new exchange, buy monero (private untrackable coin than even FBI wasnt able to track) for it, tranfer to monero wallet, to next monero wallet, back to another exchange, sell for bitcoin, withdraw bitcoins). And you have bitcoins on your wallet that noone know from where they are. While stealing USD from bank account you need to transfer them to your bank account where you gave ID to create it (I didnt see anywhere bank that didnt need ID to create account). It is also easy to steel bitcoin from detail users because lots of them dont know the technology, how to store or even transfer coins. I heard that more than 10% airdrop participants give in forms etherum private key instead of public ... lol ... and then they loose coins and say "i was hacked". |
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Great profits, I wonder why you share that info  What's the point LOL Op said: Please, post your comment if you are affected by this unpleasant situation or how you solved it, of course, it can help a lot.
As daytrader im affected a lot because i have to store my coins on exchange. I take a risk and withdrawing profit is a way to minimalize this risk. Thats why i shared this. And you can't say that this is great profit because i didnt say how often i'm withdrawing my profit. I only said that btc amount is indicator to withdraw. It might be once a year or once a day |
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In reality though, anyone can make predictions out of thin air, draw some lines on graphs and say something technical to prove their points, but the market decides which way it goes and does not follow any predictions of any people--be it prominent or just the normal Joe--so it's best to avoid using these predictions as a basis for your trades and taking positions. Exactly. If technical analysis was as accurate as some people claim it to be, then everyone would be a millionaire. It's super easy to look back at old graphs and draws lines to prove pretty much anything you want. And for every person who can say "Look at my accurate prediction from x months ago", there are 10 more who made a similar prediction that was miles off target. I can't agree more. TA works only for those who earn on learning orthers about TA. I even made special topic why logicaly TA should not work. https://bitcointalk.org/index.php?topic=4420866.msg39412664#msg39412664I love those who are saing that they know TA perfectly but TA sometime works sometimes not... yea.. coin toss too |
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500 mil $ hack in 2018? Damn. I dont know how I missed it. Thanks for sharing.
Im daytrader so i need to store my bitcoins on exchange but i withdraw profit every 0.2 btc.
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That doesnt proof anything. For all year long 25k was as possible as 3k. 3k happend but noone knows how close to 25k we were. It could be 1 impuls while struggling with 6k support.... ETF, BAKKT was delayed soo manny times. Maybe that was ment to be little spark that starts the fire - new bull run - and it didnt happend on time. Now we can say thet they were wrong (not John McAfee ... his bet is still in game ... his prediction was made for 3 years ahead. Only first year ended. We still have 2 whole years) but we cannot make fun of them and "do your own research" hoping that I (newbie just entering crypto after 1h research) will be smarter that crypto influencers who are in crypto word for years. I hope to dig this topic out in december 2020 with bitcoin worth over 1 mil dolar making fun out of "which definitely won't be happening" because in my opinion game is not over yet |
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pretty impressive, but make no mistake you should never use these data to trade, i have tried that before and it's very random. you should never place your buying/selling decisions on the coin flow at one exchange, unless the amount deposited is very huge, and based on that i would like to see an update where one can search for a deposited amount that => say 5% the total supply of x coin.
Hi Mikey, Thank you for your merit  You are right, do not use this tool ONLY for making trade decision, you can combine it with multiple other tools to make your decision more accurate. "unless the amount deposited is very huge" --> That info is in the page too "i would like to see an update where one can search for a deposited amount that => say 5% the total supply of x coin" --> We can do everything but we want to know if other user other than you also want it. Great site. Does it has all binance wallets? It sims quite strange than golem or zila are in top 5 rather than bitcoin, ripple, eos etc. I think that allerts might be good too. "warrning xxx wallet just deposited more than 5% of yyy coin supply into binance wallet." Amount of % might be set by user. How about that? |
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Especially if OP wanted to buy bitcoin aroud 3,2k and now he is watching how its slowly growing not beeing able to do anything because founds are locked.
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You've got to be one of just a few people who transact a lot more in a bearish market than a bullish one.
Compared to this my numbers are near nothing but.
Bear market. Next to nothing, I either sell the top and wait to repurchase or I just hold.
Bull market. Still near nothing. Somewhere around $2k per day. Average order value would probably be $500 and so that means roughly 2 completed trades per day (buy and sell).
Well. Thats because in bull market i can buy and simply wait earning day by day. Even if my position is on small loss i can wait for recover because everything is growing. In bear market i need to cut every loose because current price might not be seen for next months. Also on bear market time period when price is growing is much shorter. In conclusion. In bear market im caching every bounce and cut every loss. In bull market im just buying good coins and sell after week with 100% profit. Im not kind of person who trade less in bear market because i trade for a living - i need this profit. I cant say "its bear market ill wait for bull market to start earning again". Im also adicted to it. |
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I don't understand why topics like these are not locked by the admins already. I mean I can understand someone thinking price will drop, there are many topics about how bitcoin is going to 2300 or something and that is fine, you can guess that price will fall, if you guessed that price will fall for the past one year you would always been right as well so I am fine with people thinking bitcoin going lower and lower because that is a possibility.
Moreover, calling everyone stupid and ordering them to sell right now is not acceptable, I know its troll and all but if you let these type of posts alive than you will eventually let all the crazy come in here and write whatever they want which is not something we want because at that point bitcointalk will turn into a chaotic platform of trolls.
Well... someone, who bought bitcoin in december 2017 was actually stupid blind sheep. It was rude to say that but it was true. I know because I bought bitcoin in december 2017 I was too hyped and excited to have it. It was ment to be quick lambo . Hopefully i bought only small portion of what i was willing to buy and i was buing constantly at 14k, 10k, 6k, 6k, 3,2k, 3,2k and my average buy is around 5,5k. I would be still on loss if i wasn't daytrading all days multiplying my bitcoin amount. Nice to read this topic in perspective on 1 full year. It would be also nice to read this topic in perspective on 5 full years with bitcoin around 1 mil $ (if so :p ) |
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We, old crypto habitants, know that and simply stop investing in ICOs. Thats why its so hard for them to get softcup. Todays Icos arent worst than 2017 ICOs, there is simply no money avaible for them because amount of invesotrs willing to invest in ICO is shrinking every day. Today even good ICO cant get enought money and hype to exist. Yep, crypto ICOs very often need hype. Like Steem. Without hype it wont have users posting new posts/videos. Without good content it wont have users willing to spend there free time. With small amount of users noone will invest in it. If noone will invest in it creators won't be able to sell their revenue earned in steem. Without good revenue for creators there wont be good content. Circle closed. Thats why if steem was starting its ICO today it won't survive that long.
Will that change?
We need new investors with new money willing to take huge risk. That will be avaible only during next bull run ended with bigger bubble. When bitcoin will get to new ATH, ICOs will become profitable again.
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It is possible for bitcoin to cost close to 1000$ but it is not because its similar to gold somehow. Gold and bitcoin are totally different. Its like you would ask if oil can cost as much as coffe just because they are all black.
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In bear market
1- up to 100k daily
2- up to 2k
3- im daytrading almost everyday
If im bored or exhaused of daytrading, or we are in shorterm bull market i'm riding trends and then
1- up to 100k monthly
2- up to 10k
3- average of 1-2 transaction per week.
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Binance dont need KYC and enable trading between altcoins and withdrawing up to 2 bitcoin per day. More than 2 bitcoin require KYC.
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Freezing and demanding ID after depositing or requesting a crypto withdraw is a prime dick move. If that's how they operate then they should not open wallets up to people until they've fully verified themselves. Anything else smacks of questionable ethics.
In Q&A and terms of use it is written that withdrawing is impossible without KYC. Op should read it beafore depositing founds. Again. This exchange works for 4 years. It is not shitexchange that seeing big deposit they froze it and demand for multiple things one by one just to be able to lock founds for longer period. Read what OP said,he even sent the sent the details what they asked for but still no reply means they are doing it for scamming purpose.If some site is staying too long doesn't mean they are legitimate. Yea... They were boulding trust for 4 years to scam 1 person - thats not how exit scams looks like, its like new exchanges are scaming first user that transfered money. It is more like huge mistake rather than intentional scam. OP got all information from us. Lets w8 how it will end up. I bet he will get his money back together with apologies. |
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