Whale take another whale for a trip to the end of leverage. 1 whale shorted to caused panic. Bigger whale bought his short and pushed price to make him rebuy.
Way too many people thinking about whales moving everything when whales follow the trend of a market just like everyone else. Even if entities like the Mt.Gox fund controller is around, he is doing the opposite of trying to make a big splash.
We have whale investor and whale speculant. There are whales with houndreds of milions slowly investing fallowing trend and short term speculats puting dozens millions into shorttime trade willing to cause panic or euphoria. For example to break 6k to cause panic. I've personally met person who speculates on DAX ( https://en.wikipedia.org/wiki/DAX) on 1 day period (for example he shorts at the opening causing red dildo to scare others and rebuy at the end of session). These are trades where you can, in 1 day, earn milions or loose milions if you will be driven up/down by bigger whale. |
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Hi Guys! I'm planning to start trading with ethereum. I have a little knowledge in trading also. So I need an advice from the expert now, here's my questions.
1. 1 ethereum is enough as a capital for trading?
2. What kind of trading techniques I should apply?
3. I'm thinking to pair ethereum in USDT because USDT didn't change its value, compare to other cryptocurrency. My purpose is I can easily track my profits and loses at the same time I can see the deduction of the transaction fee. But I still want to hear any suggestion from the experts here.
4. I'm choosing which trading platform I should use? Because I got some Holdings that other exchanges didn't list it in their platform and this make my mind messy because I want all my token in the same exchange.
I hope you Guys could help me.
Thanks in advanced
1- even 10$ is enough to start and learn. I alwais recomend for newbies to start with smallest possible bet to not overpay for learning (because at beggining you will alwais loose - bull run is exception because in bull run even blind monkey would earn) 2- just start trading with lowest possible bet on short time frames. Soonly you will see that indicators are made for whales to know exacly where will extra supply/demand appear from TA lovers 3- ask yoursefl question. Do i wont to earn USD or ETH. Its important to define this because if eth will continue to drop and you will decide to earn ETH with every sucesfull trade you will have less and less USD. So you could think - im doing something wrong. No you are doing it right, because you decided to trade to have more and more eth. Also ask yourself question - do i realy want to trade to earn ETH? There is neo, stellar, eos, nem, waves doing the same. Are you really 100% sure that with next bull run ETH will be where it is now (nr 2 marketcap)? ETH is not finished project with lots of bugs in code. https://bitcointalk.org/index.php?topic=5024856.msg45427376#msg45427376 - here you can read my post where i've wrote more about ETH. 4- binance. If something is not on binance than sell it and buy exacly the same project on binance. There are soo manny coins and almost every coin has its dubler doing the same. ETH, NEO, STELLAR, NEM, EOS, WAVES - they are all DAPS ans Smart contracts. |
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ETF is Exchange traded fund. Simply it works like that:
- price of ETF is changing the same as price of asset its based on
- you buy 1 unit of ETF
- fund managing this ETF has to buy equal amount of BTC and store them for you.
- you sell 1 unit of ETF
- fund managing this ETF has to sell equal amount of BTC.
So its price is not based on supply and demand from trading ETF but on price change of oryginal asset.
How will it affect price?
Well all of those who would like to invest in btc but are scared to loose them due to hack or wrong transfer will be able to just buy it from his broker like gold or oil ETF. It will help not only big investors but even small investors to start invesing in BTC without any technical knowlegde. Its extra demand that will push price up.
How is it different from futures?
Futures price is based on supply and demand from trading futures. Its bet between two investors that in teory has no impact on supply and demand of oryginal asset (in fact those prices are fallowing each other because invesotrs are watching both prices knowing that they cannot differ too much and performing trades that makes them fallow each other).
So its basicaly pulling money out of btc. How? Well everyone that has BTC but now want to trade on futures (no problem with storing, possibility to trade with laverage) will sell BTC and buy BTC futures. Selling btc will push price down buying BTC futures wount push up because this is separete supply and demand. ETF price is based on supply and demand oryginal asset and every transaction on ETF has to be created in equal amount by fund on oryginal asset because this fund earn on fees and dont want to take currency risk.
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This is a good way to slap him the truth about trading in a technical side but his basis is more like speculation type so be it, its his own bias. Who knows the ones he chose might not be like the ones shown above. It's not always applicable with every trade. So just go with it and go all in with your proven system. As they say, "Follow the system that works."
My intentions was only to inform that guy that this is not strategy. Creating something like that AND INVESTING INTO THIS 3000$ is simplest way to loose it. "Who knows the ones he chose might not be like the ones shown above." -There is small chance that fallowing this strategy will succed in profit but it wont be due to awesomeness of strategy but pure luck. He can also buy every mondey coins that start with letter M and fridey coins that starts with F. Or simply put everything is random coin if luck is the only thing that can save him wallowing this strategy. To OP: If you create any strategy out of nowhere simply look at some charts and analize how its ended in the past. Biggest looser means huge red candle. What % of coins recover in short/middle term creating huge green candle (top gainer)? 5%? And you choose hardest and most risky strategy which is holding ( https://bitcointalk.org/index.php?topic=4456137.msg39881422#msg39881422 risk in holding and trading strategy). |
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if bitcoin starts rising only because of things you mentioned such as banks investing in it or countries,... then it means bitcoin has already failed and will not survive for long. the fact is bitcoin has been rising (and will do in the future) only because it doesn't need these things. because bitcoin as a decentralized currency that nobody controls already creates enough incentive for people all around the world to want to own some of it and benefit from using it. the rest are only additional pushes on an already rising price.
I agree. Bitcoin price will continue to grow due to growing demand from people willing to use it or to simply have it. But current price is way above price based on those intentions. Most of its current investors are here only to speculate. I dont say that bitcoin need those events to grow at all. I only say that BTC need good news to help with 6k support. Maybe at 4k support we wont need news to save it because we will be closer to price based on real need of BTC. So in my head i see 2 scenarios. 1- 6k support survive due to help from good news what will break downtrend and create new bubble in 2019 with top around 50-100k 2- 6k wont survive we will see drop to 4k where perhaps we will see stronger support based on BTC fundaments and next bubble not in 2019 but in 2021 with top around 200-500k I bet at liest 90% 2017 - 2018 investors are here only for lambo. They are selling now and their supply is much higher than demand from real world need of BTC. Thats what i see looking at chart that in short term (9 months) looks bearlish to me. Perhaps at 4k support it will look more bullish. I would love to have BTC to use it in real world but network is not ready, society is not ready, i cant use it in every day payments, I cant go shopping with BTC wallet. This improvements will push fundamental price (price based on real demand from people using BTC) but current price is above that. I dont say that i calculate that. I only see at chart that 6k looks weak to me and without help we will break it. |
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A little depressing to read, but what you wrote makes some sense, at least to me. Now for a big news, I am thinking about the ETF, cannot see anything else than that in the short or middle term. Technically the ETF would not be good news for the supporters of the original wallpaper, but it would be good for those looking for short term profits (would definitely have a positive impact on the price if it happens).
Well it might be anything. Big bank willing to invest, country willing to hold small part of its reserves in BTC (f.e. Malta which is soo positive to crypto) , Founds willing to invest in BTC, MT gox case solved by burning remaining BTC and manny more. It might not be something that everyone know it'll happend. Funny thing is that we might see it firstly on chart and then (after all insiders bought) as a news. And my prediction is as I said "if market will act normal". We all know how manipulated it can be. https://bitcointalk.org/index.php?topic=4460964.msg39964620#msg39964620. Here you can read my math speculation about bitcoin beeing pumped to 20k tommorow which was made only to show that in trading nothing is certain but people didnt get it and are posting shitcomments for 3 months that it was not pumped (hahaha). At the end it may all depend on 1 whale and his point of view - best way to earn. |
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if the support area around 6000$ holds again this time, we will be in a really good position to actually break the lower highs, we would only need a 1000$~ move to break it for the first time in basically a year.
If the support will hold. If not we will see 4-5k few days later. Question is - will it hold? In my opinion there is no chance to it to hold. If market will act normal we we see 6k break in next 2 weeks. Only good news can save BTC. Support is weaker with every bounce. Why? 1- With second bounce traders were buying on 6k to profit till 12k. Now with resistance close to 6700 it might not be worth to take risk. 2- Those who bought in february, may, with every dip close to 6k are slowly getting into half year into position without any profit. They are slowly getting bored and are looking where to sell 3- Shorters know that braking 5,5-6k will dump market instantly to 4k (stoplosses, overlaveraged longs) - big short from whale is getting more profitable and less risky - it might be easier to earn for big whale shoring at 6k rather than buiying to sell at 6500 4- all willing to buy at 6k range already did. Now we are seeing only low volume speculation Take a look at silver few years ago and how its end up.  Looks similar to BTC? 27$ support looks as strong as 6000$ for btc  Thats how it end showing bottom at 15$. We need good news to help this support. Otherwise we will see another support at 4-5k what will postopne next pump from december 2018 too december 2019. |
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BTFD - buy the f**king dip. First red (impuls) is not the dip. It may be short term dip (few hours) but for sure not long term dip. Here is example: I can find many more if you like. That day bad news came and sky was the most loosing coin(your buy zone). This strategy wont work my friend because its based on "i dont know how to do TA or FA so ill create strategy out of nowhere and see if it works". Just understand this - you buy coin based on its few hour performance not for its next few hour performance (what would be somehow understandable but also not optimal) but for hodl long term till next pump (beeing top gainer). In most cases you will buy in first red after big pump and you will w8 for next pump (if it will happend). Currently whole market is at the bottom and its bouncing. This bounce will end sooner or later. If later you will post here day by day your profit. If sooner you will end baghold all 3000$ which will be worth 300$ next 3 months. If something is one of top looser means that: 1- its shitcoin without volume and even 1 investor exiting needs to dump it or he will be selling for months 2- realy bad news - if only fud it may bounce if not (and your strategy dont check that) it will never bounce 3- it was best gainers last day - you buy next day after huge pump. in 90% cases next few days will be on red too or after small bounce (first day profit) it will continue to drop till price beafore pump Exception is market bottom or shortterm marketbottom where you will profit for few days like now. Your GO coin is down day by day. Its down 20% now from your buy zone. Wanna know why? Because it was pumped 250 % on kucoin before entering binance. And you bought on the top of that pump anfer first red. It was warth 430 sat before that pump and perhaps it will go back to that price or even lower. Only bullish market can stop it from falling 30% more. And even if it will stop it you will have much lower ROI that Bitcoin. What makes your strategy useless. If you still want to continue with this strategy at liest try to avoid shitcoins and add a little more effort to check if there is any syrious reason for drop. edit: I had extra time so i found 3 more:   SNM is good example. You buy on first big red (top looser) and sell on first big green where SNM was top gainer on the bounce few months later, you sell but still on loss (even selling on top on top gaining coin that day). If you will miss that point or you will decide to hodl till profit, you are on 80% loss. 
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Why do you need fiat? Most of tokens are UTILITY TOKENS what means that you use them inside of project to be able to use it at all. So he is talking about world where crypto works how it should (not as current invesotrs think - pump and dump assets on which you need to be able to exchange them quickly into fiat and back). You hold tokens to use them. You can buy them FROM COMPANY that sells them.
Imagine this scenario:
Starbucks has his own token:
You go to starbucks and buy 100 tokens to have 10% discount paying from them for coffe (like prepaid card).
You store them on your mobile wallet and use everyday for coffe enjoing discount.
you want to use another company tokens that you dont want to go to buy tokens personally? You can jump into decetralized exchange and switch your sturbacks tokens into f.e. adidas tokens and than buy shoes via internet (with discount).
You want to have acces to all tokens? You have BTC now and enjoi full power of decentralized exchange in future.
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Because ETF are easiet way to invest in any asset. Imagine investing in bitcoin without risk of exchange beeing hack or you beeing hacked. You will be able to buy this ETF from any broker (even not crypto broker) and found will buy and store your btc. It will make lots of investors scared of storing crypto by themselve jump into crypto world. It will also show BTC to new investors. Imagine having in your broker porfolio Oil, gold, silver, s&p500, ETF next to BTC ETF. It will open many dors for BTC.
Investing in bitcoin will be dozen times easier and safer. Thats why everyone is waiting on it.
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Crypto didnt say last word. Tehnology is developing very fast regulations are "on the way", new investing intrrument are behind the corner. I think we will see at liest 1 more big bubble.
I mean that whole market will be in next bubble. Not every coin that is on market. Some coins (even from top 10) will never recover. So if you can convert them to btc - i would tdo that. I've converted to btc all my alts in may pump. I'm so glad now because i would have at liest 80% less of BTC. My strategy is to hold BTC and earn sat by sat by each trade in ALT/BTC pair. I dont realy care how much $ is it worth because i strongly bealive in next bubble.
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I wont risk my money putting into this. We have lots of truted exchange that have good reputation. Binance, bitfinex, bittrex, huobi, okex and manny more. Let other test it and loose money there  If it will adopt maybe ill try it but not beafore. Its also easier to trade on high volume exchanges. I'm sure its not one with high volume. |
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it is simply because it is called pump and dump and not pump and pump. and if you expect anything other than this duality in the altcion market you will be surprised and continue losing money.
Agreed. If something was pumped to top 2 and holded for 2 years it dasnt mean that it will stay there forever and never be dumped. ETh is altcoin like every other. Ethereum is the queen of cryptocurrency world.The reason for the price decrease in Ethereum is may be reduced in investors, price fall in bitcoin.
In a life we have to see everything in positive manner.Why not we use this as an opportunity to inverse our money?Since we know the price of Ethereum will increase again in short period.
Etherum is not that good that everyone is talking. Im writting on these forum about etherum for at liest 2 month that its overpriced. https://bitcointalk.org/index.php?topic=4894794.msg44082606#msg44082606 - 3 weeks ago https://bitcointalk.org/index.php?topic=4879195.msg43960426#msg43960426 - 3 weeks ago https://bitcointalk.org/index.php?topic=4761155.msg43015325#msg43015325 - 1.5 month ago And manny more. 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. I wrote more about eth in post above. Perhaps in next bull run we will have another daps/sc coin on nr 2 in marketcap and eth will be where waves is. 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. My friend told me that this is because after the ICO fundraising, ICO caused many merchants relying on Ethereum to sell ETH to cash, but I am not sure if this is true!
Shittalk. Crypto society alwais tries to find explenation why we see drop. ICOs are here alwais. What means ETH should be beeing dumped all the time not only last 3 months. Every day we can see new ICOs what means that investors are buing ether to buy them? So its like old icos are selling new ico are collecting. Icos are collecting not only ETH but also BTC, LTC, USD and sometimes monero (most cummon). ETH is dropping because its only ALT that was pumped too long like Namecoin, Peercoin, Feathercoin in 2013. |
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Every investor willing to buy at 6k range already bought in february or april. Same as every investor willing to sell at 6k range. Now all investors/long term traders are waiting for braking triange up (over 8k) or down (lower than 5,5k). All we see now iside of triangle is manipulation on low volume. Its easy to stop price at one lvl. Make bots/daytraders set stoploss little under/above or start to trade on higher laverage to profit on 6350-6450 range. Then after 50$ pump another 250$ is added by triggering stoploses and closing overlaveraged position pushing price up/down giving extra profit for manipulator who did that.
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I think that whale dump his coins at the top of downtrend chanel and crypto society spend loots of time to find out why price doppped and found this fake news and blame it to be reason for that. The real rison for market dump is whale who sold his coin, stoplosses that he triggered and overlaveraged long positions that he closed. News is post factum desperate search for reason for that dump. If this fake news wont appear crypto society will find another and blame this drop on it. We have dozens of good and bad news each day. There is alwais news that we can blame market pump/dump on it.
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Bacause etherum is not that good that everyone is talking. Im writting on these forum about etherum for at liest 2 month that its overpriced. https://bitcointalk.org/index.php?topic=4894794.msg44082606#msg44082606 - 3 weeks ago https://bitcointalk.org/index.php?topic=4879195.msg43960426#msg43960426 - 3 weeks ago https://bitcointalk.org/index.php?topic=4761155.msg43015325#msg43015325 - 1.5 month ago And manny more. 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. I wrote more about eth in post above. Perhaps in next bull run we will have another daps/sc coin on nr 2 in marketcap and eth will be where waves is. 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. |
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