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There is no universal strategy. Market is different every day. If we are first day in bear market each dump will be instantly eaten (at liest in 60% before dumping further) by traders buying deep because it is consider as promotion. After few days in bear market each dump will stay there because averege investor is to scared to jump in and each dump is consider not as promotion (sale) but as confirmation that we will never come back. Thats just a sily explenation why there is no universal strategy for daytrading.
Market is different in bear market, in bull market, in stagnation, in first day of bear market, in fifth day in bear market, after 5% dump, after 50% dump, or when new whale just come to trade here, or when new whale just came here to invest long term.
Go to binance and trade as much as possible. Chose min bet (~6$) and trade. Do lots of mistakes. Learn from each. -10% on 6 $ bet is 60 cents. And what you learned from it is priceless.
After few days you will say : i've lost 10$ but learned this and this and this
after few weeks you will say : i've earned 20$ but ive learned this and this and this
after few months you will increase bet and say ; I've earned 2000$ and still learned this and this
And dont pay too much attention to those TA indicators. Its more important to observe what happends after TA buy signal than blindly fallowing TA indicator. When TA gives buy signal and there is no bounce or bounce is instantly eatem it means that whale is exiting and used this extra demand to exit. Its not the best moment to buy. (same with sell signals)
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Trading is an art and you need to learn from someone who is master in it. I would recommend you to join any trade academy or trading school where they teach you both the basics and advance concepts of Technical and Fundamental analysis. You can also join the online courses available on Udemy which are trending right now these days and many good trainers and traders are also available on that website who can train you well on technical analysis department. You will also need to give efforts from your side.
If they know how to earn on market they would earn on market not on lessons. I would avoid "masters" lessons for money. To become succesfull trader you need experience. Thats all. Spend few hours on TA indicators and start trading. Go to binance and trade as much as possible. Chose min bet (~6$) and trade. Do lots of mistakes. Learn from each. -10% on 6 $ bet is 60 cents. And what you learned from it is priceless. After few days you will say : i've lost 10$ but learned this and this and this after few weeks you will say : i've earned 20$ but ive learned this and this and this after few months you will increase bet and say ; I've earned 2000$ and still learned this and this And dont pay too much attention to those TA indicators. Its more important to observe what happends after TA buy signal than blindly fallowing TA indicator. When TA gives buy signal and there is no bounce or bounce is instantly eatem it means that whale is exiting and used this extra demand to exit. Its not the best moment to buy. (same with sell signals) |
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If you have EQUAL go and trade it...its bullish now.
If you have any project that is good to trade now you can post it below the comment section thank you.
All market looks bullish in short term. If you are trading i would suggest to stick to high volume coins. Those low volume are to easy to manipulate (-50% in 1h because someone was dumping coins bought in ico half year ago). If you have good daytrading skill it dosnt matter what coin choose. It only matter if it has high volume. |
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They should not see your password. If they do they have shit security and are untrustfull.
Thats why its important to have separete passowrd for accounts that stores money.
Sometimes, in free time i do some airdrops. Login with mail and password on multiple sites and multimple shitexchange to utilize those coins not listed on major exchanges (alwais same mail and passowrd - those are shitaccount that does not store money). Once after registrating on new ICO mail from one exchange come in that someone just logged it. So ICO's by airdrops are collecting login and passowrd entered and use them on dozens exchange hoping to find matching one. Thats why i strongly suggerst to have seperate mail and seperate password for accounts that store money or are important for you.
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Sometimes, If you are smart enough you can be a winner for that day. It is not always, the risk is very high in following TrollBox in trading. This is common in hitbtc exchange.
You might be a winner following trollbox when your are lucky not smart enough. Fallowing trollbox is not the best idea. We all know that 90% traders loose. So 90% opinion in trollbox are wrong. Reading trollbox makes you se 90 times sell and 10 times buy opinion. Your eye will notice most cummon - wrong one. Those who are wining on market are whales to busy to use trollbox. It might be only usefull during big pumps/dump because you can't be on everycoin all the time. When something interresint is happening for sure someone will notice that and post on trollbox (thats the only reason for having it open). You can also find there links to interesting news causing big pump/dump. Thats all. Never fallow their intruction abount investing. |
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Thats happends on shitexchange that trades with themselve to boost trading volume to be higher on https://coinmarketcap.com/rankings/exchanges/ and to show some activity (on some exchanges from top 20 trading volume real trade on average happends less often than once each 30 min so to show some activity they trade with themselve.. Its free advertisement. Avoid that exchanges. If they cheat in that case thay may cheat in any other. Those might be also trades made by users on exchanges supporting trade mining (trade x BTC you will get X our coins). Those are also shitexchanges. I've seen it on UEX, Bitorex, Fcoin, Lbank |
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For investors (long term traders) trading fees are unnoticable. They are noticable for daytraders/ short term traders. But for them there are thing that are dozen times more important (like liquidity, spread, trust, interface, sharpness (time from creating order to beeing it anable to fulfill by other trader - simply if i create order and its on market 10 s after, then i cancell it and i have money 20 seconds after - its not for daytrader)
So this tool is useless. Trading fees are not the only factor in choosing exchange.
I have 1 feature of good trading platform. Its name has to be Binance. That the best option for regular trading. Its sharp, without fake trades, has great interface, its secured the most. Binance help even users with hacked API kays. It also has highest volume (lowest spread) and very low trading fees. I've used at liest 10 exchanges (just to utilize shitcoins that i had for free). Noone was even close to binance. And none of new trading platforms will ever get close to binance because every new one will have volume close to 0 (huge spread). To convince me to switch from binance it must mature, get good reputation, survive few hackers attack without loosing coins and get massive volume. I dont think that it is possible in less than year.
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I've made on my fun -daytrading- account from 0.11 BTC to 0.28 BTC in less than half year (+155%). I was only daytrading - holding max 2-3 days (mostly 10-20 min). That was the only way to earn on constant bear market. It is possible to beat market but it needs experience. No indicators, RSI, MACD, averages etc. They all suck here. Pure experience to know where the is panic selling. When price is loosing power, when whale is prepearing for pump etc.
It is possible.
Mayby it was easier for me due to small wallet (i wasnt scare to put money and wast to paralyzed in some cases to silmpy cut losses).
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Dear Bounty Manager
Telegram name: @TytanowyJanusz
BitcoinTalk User Name: Tytanowy Janusz
Vivid wallet: VXSgimxwXY6cSkevtu6aSi9ggCz1q6ybzG
Campaign: Twitter, Facebook
Thanks
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https://www.livebitcoinnews.com/sec-receives-letter-from-u-s-congress-members-requesting-clearer-regulations/According to CNBC, SEC Chairman Jay Clayton received a letter from some members of the House of Representatives requesting feedback on the authority’s plans for regulating the crypto industry. The letter, which was signed by over a dozen politicians, stated:
"It is important that all policy makers work toward developing clearer guidelines between those digital tokens that are securities, and those that are not, through better articulation of SEC policy, and, ultimately, through formal guidance or legislation."
Looks like someone from Congress want's SEC to have a clearer definition. I don't know if this could bring potential bullish trend to the market right now. At least we all know that someone from Congress is looking at our behalf.  regulations end always in corruption, since the SEC is a private organisation behaving as pseudocommunists, why care about what it says or thinks? Because without SEC approval we wont have ETF (massive new capital flow into crypto). Regulations: new capital. Huge price grow. End of decentralization and freedom No Regulations: Stable price for year. Perhaps drop to 3k and consolidattion there but we will still have independent BTC. |
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I have 1 feature of good trading platform. Its name has to be Binance. That the best option for regular trading. Its sharp, without fake trades, has great interface, its secured the most. Binance help even users with hacked API kays. It also has highest volume (lowest spread) and very low trading fees. I've used at liest 10 exchanges (just to utilize shitcoins that i had for free). Noone was even close to binance. And none of new trading platforms will ever get close to binance because every new one will have volume close to 0 (huge spread). To convince me to switch from binance it must mature, get good reputation, survive few hackers attack without loosing coins and get massive volume. I dont think that it is possible in less than year.
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I think ethereum might only reach $ 500 by the end of this year, and for market conditions that are not yet fully stable, ethereum will find it difficult to reach $ 1,000.
All those prediction are shittalk. Pump on ETH may happend any time. Just like on Ripple. From .27 to .69 in 1 week (+150%). Same thing on ETH and we have 600$ in 1 week. And noone said this is the end. This might be first wave out of two or three. Next wave may push Ripple to 1.50$ (1000$ for ETH doing the same). In 1 month. I chose Ripple because it has similar marketcap. So its price moves as hard as etherum price. |
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26.09 passed by. Price didnt change since than. Do we had any agreement about what will happened with rest BTC? Will they be shared between users or sold to share $ between users?
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Etherum is not that good that everyone is talking.
ETH is nothing better than stellar, waves, eos, neo, vet, nem and they all do the same (daps and smart contracts) and dozens more. I even think that we have manny better ones. Perhaps in next bull run we will have another daps/sc coin on nr 2 in marketcap and eth will be where waves is (f.e). Thats why hodling is one of the riskiest strategies in crypto market.
Eth is important for ivestors 2016 - 2018 - we know it to be top 3 all the time and its hard for us to bealive that it can be dumped realy low. But 2019 investors during next bull run will see other coin where ETH is now and will think about that coin as we think about ETH.
Just like 2013 investors thought about Namecoin, Peercoin, Feathercoin and manny more.
It may recover but its not certain. Perhaps it will recover to its current USD/ETH price but BTC will give much better ROI what means ETH/BTC will continue to drop. In short term its oversold in my opinion and 30% bounce is economicaly needed but full recovery might be hard.
ETH is just unfinished ALT with lots of bugs that makes its users loose milions due to these bugs.
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There is no universal strategy. Market is different eavery day. If we are first day in bear market each dump will be instantly eaten (at liest in 60% before dumping further) by traders buying deep because it is consider as promotion. After few days in bear market each dump will stay there because averege investor is to scared to jump in and each dump is consider not as promotion (sale) but as confirmation that we will never come back. Thats just a sily explenation why there is no universal strategy for daytrading.
Market is different in bear market, in bull market, in stagnation, in first day of bear market, in fifth day in bear market, after 5% dump, after 50% dump, or when new whale just come to trade here, or when new whale just came here to invest long term.
You need to gain experience. Cut lossos. And take as much profit as market gives you. Dont set stiff take profit alwais 0.x %. If market is not acting like you thought (not eating dumped price pushing it up) dont stay on that trade. There is no need to w8 for price to hit stoploss. If it is not bouncing chance that is will bounce is getting lower and lower. Leave to next trade. Even if it will eventualy go up you didnt do nothing wrong. You cant be alwais right.
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Other recomendation for the beginner trader is dont trade crypto with margin because the level risk will be higher. Dont buy in the top, dont chase price crypto when pumped and never forget to use stop loss. Beginner trader should be know all level risk of crypto trading before put real money in to it.
margin is not riskier. Its riskier if you are stupid. If so you will loose all your porfolio faster on margin so you will waste less time (you will loose all your money on regular trading too). If you manage your money good margin can be even safer. When you are putting all your money into 1 lucky trade with laverage x100 - you deserve to loose all your money When you are puttting 0,5% of your porfolio into 1 trade with laverage x100 (like puting 50% without laverage) you are safer than on regular trade - all you can loose is that 0,5% of portfolio - its like automatic stop - loss on porfolio - extra seat belt. |
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This might be the reason why the price of bitcoin doesn't exceed more than $8k because there are days that the price of bitcoin suddenly drops without any bad news and I think when the bitcoin price dropped last sept. 6 from $7,400 to $6,200 I suspect that the huge amount of bitcoin sold to the market is from MT.Gox.
However, Bitcoin still survive at $6k value that I think there is a big group which continues to support at the $6k price.
I hope the case of MT.Gox will be over soon to improve the movement of the bitcoin price.
Agreed. But as we know 230 mil with price close to 8k is close to 29k BTC. He still has more than 100k. This might be enought to hold btc close to 6k for next half year - with same demand from others. If demand will decrese (it might due to lack of pumping - opportunites to earn) it may be longer or even cause BTC price to break 6k. The best option would be to simply stop selling and send BTC to users instead of $. |
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Thanks to everyone for answers. What was the court supposed to answer? There's apparently a creditor's meeting at September 26th though, which will take place in a courtroom, so maybe that's what you're referring to? If so, then you're not going to get any news until it actually takes place.
I didnt remeber that its going to happen in 26th of september. I only remebered "september 2018". So tommorow we might see interesting price movement on BTC after announcment about what happened on a creditor's meeting. |
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Mt gox (biggest crypto exchange hacked in 2014) still has 138k BTC ( https://www.cryptoground.com/mtgox-cold-wallet-monitor/). When its trustee was selling part of its coins we were told that he will stop now and wait for court to decide what with rest (sold BTC already fulfill customers loss in $ - due to BTC value increase from 2014). Court was about to give answer around september. We are close to the end of september. Any of you know any news about that case? |
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