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Bitcoin may drop even to 4,5k or lower but i dont think its a reason to be scared. It will be just another opportunity to buy it cheap. Longer we will be in bear market higher we will bounce.
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I do not recommend micro transactions on exchanges with crypto because they have a big fee if you want to withdraw . For example if you put $10 in doge and you make 4-5$ profit and you want to withdraw them you have to pay fee for withdraw (5-10$).
You store your 20$ on this exchange and trade there as long as you dont want to transfer it to fiat (with 20$ investment risk of haking exchange is acceptable for everyone). While transfering it to fiat of through exchanges you only need to transform it to neo (neo transfers are free on most exchanges but you need to have more than 2 neo) or if you cant affort 2 neo than you can transfer it using LTC (LTC withdrawals are close to 10 cents) or ETC (not ETH - exchanges are boosting withdraval fees on coins that are beeing withdraw mostly) and manny other. The most expesive is USDT (even 50-100$) than ETH and BTC (5-20$) and rest are alswais less than 2$ and even close to 1 cent on some. Funny is that transfer ETH and ETH tokens should cost the same because network needs the same for transfer (tokens are even more expesinve to transfer due to more gas limit spent to compute) but withdrawing them from exchange is much cheaper. |
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And thats the new way of future cryptocurrency projects developement. To be more user friendly. Cryptos should be as easy to use ase regular payment. And thats what we are going too - mentioned on Consensus 2018. Crypto will evolve to app on which you will be able to store token thats value is stable and similar to your native fiat money (USD for US, PLN for Poland etc. ) because according to Consensus 2018 sooner or later every fiat will have their token equivalent or even multiple equivalents (like USDT and TUSD). Crypto will be also much easier to use. You will be able to install 1 app and store there your BTC. Then you will be too stupid to transfer them to correct BTC adress and you will send them on ETH adress - it want matter. Blockchains will be linked and will interlace between themselve.
Using crypto will be as easy as playing angry birds. (according to consensus 2018).
Back to multiple 0 in btc. There is not a problem to create app there you will store your btc (and manny other coins) and transfer them like
"how much you wont to transfer"
-20$
"where"
-key
"in which currency"
-BTC
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LOL, that guy is a joke, I would not hire him to mop the floor in my firm. Unbelievable how some people are shortsighted and are not embaressed to make fools of them on tv. How that guy can be a ceo of anything is what bothers me.
He is not a joke. Imagine if you are making bilions $ on your payment system. And now BTC, decentralized and safer method that allows evey user to store his money on his hardware and trafer them without any permission on platworm that cannot be stopped by any goverment and his founds cannot be tauched by anyone without his permission and his key to his wallet can be stored in his brain by chosen sentance. He knows that if BTC will collect more and more users than he will loose more and more. The only possibility for him is to boycott BTC before it wil hit mass adoption. He cannot corrupt goverments because even they cannot stop BTC. |
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I like crypto dice because of how little I can deposit, withdraw, how small the bet can be, no verification of any kind. I tried to trade micro but got immediately hit with verification, large min positions, and the need to register everywhere to see if I can use it, and in most cases I couldn', so I dropped it. Is it possible to micro trade? Total bank to risk 20$ in doge and trade with the intention of increasing the doge amount, not usd value.
Doge? seroiusly? Why? Its coin made for fun and its performance suprised everyone even creators. It can be dumped back to 1 sat. Its also not traded on any good exchange with high volume and low spreads (what is mandatory for trading you would like (similar to dice gambling). I would suggest switch to any other coin (if you choise this coin because its cheep than read this https://bitcointalk.org/index.php?topic=3987913.msg37787537#msg37787537) and go on binance where min bet is 0.001 BTC what is close to 6$. And trade to increase BTC amount (my suggestion) but if you like cheep coins than buy ripple or any coin you like and trade it against USDT or BTC or ETH (its paired with them). Simply buy this coin for all your money and if you see that price will be dumped sell it and buy lower bigger amount (Physical Short). Binance also dont need veryfication. But its better to hold btc and trade to increase its amount - with 20$ you will have 0.003 BTC. Its dasnt matter how much coins you have. It does matter how much money did you invest. Because profit is alwais % of investment. Not % of number of coins. And BTC has much brighter future in my opinion. If you still want to trade doge i would choose Bittrex - phisical short against BTC or cryptopia (when i has account there there wass whole doge market agaist manny other coins i dont know if its still there) but volume there is hilarious and trading there will be more like gambling than dice (spread up to 100% and susceptibility to huge moves will crash all stoploses and make every investment unpredictible). |
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During december bitcoin was under spam attack - that overload network and create those high fees. Of cours there was also increased number of transfers but mostly due to extremly high volatility rather than high prices(lots of transfer from wallet to exchange to sell bitcoin which is now 20k and week ago was 10k and from exchanges/kantors to wallets made by newbies buying in fomo- it wont happend if we will slowly go to 20k) Massive volume is made by exchanges. If only they will add segwit network wont suffer that much. We dont need every user to use lightning to unload network. edit:
agreed |
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-0.13% just filled and 8 hours prior it was -0.11%
Correct me if im wrong -0,13 % funding on bitmex means that shorts are getting payd by longs. That means that holding SHORT on bitmex gives you funding holding LONG on bitmex takes funding from you. That means that to collect funding on bitmex you will have to have opened short possition (then long on bitfinex) what doesnt apply to short position increase on bitfinex that you mentioned. Now trading for funding in my opinion is profitable for small/medium invesotrs which transaction dasnt push price. Beeing whale is not that easy. You said open long on bitmex and short on bitfinex - how? In the same moment? he will push bitmex price up and bitfinex price down, price difference will make other invesotrs to eat that but i think it will be more expensive that those 0,8% of investment from funding. Having long and short opened. In your statement - closing short (pushing price up) and closing long with profit. Well closing short while pushing price up will become less and less profitable while price increase. Also closing long will become less and less profitable while realising it with price decrise (the only profit is when fomo will help to close long without dumping price). Isnt it the same as just open long and close long (open long pushing price higher and then closing long pushing price down) - again only fomo will help to profit on this trade? The only advantage of this strategy is those 0,8% from funding and I think it is not enought for whale to open that huge position (opening it is more expensive especcialy that in your strategy possitions are doubled that in normal buy/sell long) but i would love to discuss more about that. |
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Kind of mentality is just really normal if you are not on the current situation but when you are on the actual scenario you cant really say that you would totally avoided such temptation for you to sell on loss.
There are situations like you do need the money? and you don't have other choice but to sell on loss then you would definitely haven't any hesitations to done such thing.
As an investor that loses up money will definitely blame the entire market and its normal yet we are just humans that do reacts on what we do saw.
If you are investing all your money/porfolio into crypto you are not investor. You are suicide guy... Portfolio should be made out of stocks, crypto and oder products and should be made out of money that normally will be put on the 1 year locked deposit in the bank to work on them and gair better ROI. 100% only crypto portfolio is alse not balanced enought in my opinion. |
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well. If it will go to 800$. If not and will dump to 0$ someone who sold for 270$ has part of his investment at liest . with 0.1 eth you can just ingnore your 70$ but with 100 eth it is difference to have 70 000$ or 28 000$ or 0$. And dont say to me that ETH will never go to 0 and you are 100% sure that it will bounce. If you are 100% sure than sell your house and buy now. Next year you will have 4 houses for that. ETH is shitcoin in its current situation and i wont be surprised if this market dump will show that (recovery from dumps alwais mix top 100). Here is why: ETH is doing the same as NEO, STELLAR, EOS, WAVES, ETC and dozens more and is not better then others. ETH is not finished - its code has lots of bugs that even made investors lost milions https://www.theguardian.com/technology/2017/nov/08/cryptocurrency-300m-dollars-stolen-bug-ether ("'$300m in cryptocurrency' accidentally lost forever due to bug") Does it really how should it looks like hiting mass adoption? and 700$ price gives 60 bil $ marketcap - you really think that unfinished project is worth that much (especcialy if there are manny better) ETH was overload by voting on Fcoin exchange to 100 gwei (1 transfer - ~2-5$) hahaha voting on 1 exchange and ETH has 1000+ projects that are "going to hit mass adoption" Every suceed project moves to their own blockchain (EOS, VET, BNB, ICX and manny others) - because ETH is not scalable enought to hold load from 1 project that hit mass adoption - that makes it kindergarden for shit/scam projects Go to coinmarketcap - historical snapshots from december 2013 - from top 10 coins only 3 are give profit till now. None of them was better than BTC. If you bought 1 ETH for 700$ you should sell for 650$ and move to other trade. Till now you will make 1000$ not 280$ hoping for it to bounce. Holding is strategy that leads to 0$ in wallet after first mistake and is one of the hardest and riskiest strategy in crypto market. Here you can read about risk in holding and trading strategy - https://bitcointalk.org/index.php?topic=4456137.msg39881422#msg39881422Back to who to blame for market crash. Well I bet that 1% of investors/traders are resposible for 99% of volume. And those 1% pumped BTC to 20k and is dumping now. Rest 99% of investors/traders are just looking at chart and do dozens of analysis and predictions fallowed by "ok i sell my 1000$ worth of btc". I know that because i was in top 4% traders (volume) on BINANCE with my FUN account with 1000$ that i was daytrading (binance show that in account summary while celebrating firs anniversary - And i've traded total of 50 BTC only (in half year) so rest 96% traders didnt trade even 50 BTC in 1 year in all trading pairs). Its extremaly maipulated. Whales are pushing price in direction that makes them the most money. Just ask yourself. If you could short BTC now with 100 mil to make it crash support at 6000$ to make lots of FUD, what will allow you to close short at 5000$ with 20% profit (20 mil profit). Wouldn't you? Thats what push price. Money. But not everyone money with every trade (especialy yours 27$). But big money from whales. |
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anyone get reward till now?
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no the bottom of the bitcoin descending channels was $6000 which was reached and everything has been over for a while now. although the drama continues and we even see massive dumps (like yesterday) on the market trying to push the price lower below that mark but they all fail and price of bitcoin stays above $6000 with a strong buy support behind it.
we have already bounced off that mark for at least 4 or 5 times now. it can not be broken that easily. it requires some horrifying news or millions of dollars dumped every hour for 1 whole day at least to break it.
Hello Pursuer. I Think that this support is not that strong and 1-2 touches more and it will break. Investors willing to buy at those levels already bought and didnt earn anything since february. It makes them less confidence and perhaps most of them has stoploses at 5500 price.  Looks like bitcoin but it is silver in 2012  Thats how it ends - touching support too manny time each time with less confidence and smaller bounce. I think that BTC will dump to 4,5k if noone will stop it with huge capital (oposit to your statement that big capital needs to be put to dump below support) or if big news will appear and save BTC(like ETF case). Dumping below 6k can be also done by finalizing MT GOX case by selling all its BTC (we are close to september where court will decide whats with its coins) From september 2013 to september 2014 there is also stong support that looks the same but in smaller scale. Weaker bounce every touch and finnaly break. |
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Ethereum has grown more than 30 times since 2017, so I do not think that it fell. Now we see a completely normal situation, which always happens after a sharp price increase. Look at the history of prices.
And you really think that 30 times pomp is quarantee of not beeing dumped? Its crypto market where nothing has calculated value. Everything is based on people prediction of its future. When etherum was the best (only) solution for smar contracts, daps its future was great and worth to pomp. Now there are manny better coins doing the same. Thats why google beat yahoo. Years ago yahoo negotiated buying google manny times at diffrent prices (but yahoo was too stingy to finalize transaction). Now google can easly buy yahoo. Why? Because yahoo was first and google appear to be better. In 2020 you will have BTC nr 1, Ripple NR 2 Waves Nr 3 Neo Nr 4 ETH nr 590 - why not ? (dont pay attention to names, its just example) Etherum is just coin - like any other. Go to Coinmarketcap, historical snapshot from 2013. 7/10 coin from top 10 is not even in top 200 now. |
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In long time BTC is one of the most bullish assets. In medium term btc is bearish. Thats why BTC may also pump in any moment. Like gasoline. Its liquide and cold but 1 indicator and we will all forget about bear market (it might be ETF)
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According to Mr joseph young bitcoin analysis specialist as over the past 24 hours ,the crypto market has recorded a loss of $18 billion,as major cryptocurrency including bitcoin, ether eos,and bitcoin cash dropped by 4 to 13 percent.
while bitcoin ended the day with a 4 percent decline in its value, ether,the native cryptocurrency of ethereum,plummeted by 13 percent against the US dollar, becoming one of the worst performing major cryptocurrency alongside Neo.
Token recorded the steepest drops in their value on august 11,as most ethereum based token such as theta token,aion ,pundix Aelf,Digix Dao,Wanchain and Vechain recorded a drop of round 14 to 18 percent.
Because all tokens are economically connected to bitcoin. It is economically impossible for atcoins to stay at current price while bitcoin is dropping. https://bitcointalk.org/index.php?topic=4444348.msg39704417#msg39704417Here you have explanation why they are economically connected. Thats why even small drop on btc price affect huge drop in total marketcap. ETH is also in my opinion shitcoin (at liest in its current situation). Its kindergarden for scam projects. Every suceed project (bnb, ven, eos, icx and manny more) are leaving ETH and jump on their own blockchain. Its because ETH is not finished. Its code has lots of bugs and it is not scalable enought to hold load from 1 project that hit mass adoption (and there are 1000+ projects on it). Voting on Fcoin exchange overload ETH and boost gwei price to 100+ what gives few $ for instant tranfser what is hilarious compared to waves, eos, stellar, neo and manny other which purpous is the same. Back to BTC. Its normal. Its not first correction and not last. Also ETF fud was like nail to the coffin. It is impossible to calculate BTC value. Its not like on stocks where you have price/earning price/value indicators. Thats why every price is suitable. If its 10$ or 10 000 000$ for 1 BTC. With 10$ price marketcap will be 200 000 000mil - its not enought to hold even 1 whale willing to earn on it. I see more oportunities for whales to earn on boosting btc higher. And bigger price will hold more whales. Thats why i strongly bealive that BTC price will continue to rise (because whales want to earn on it) and it dasnt matter if we hit 4k beafore hitting 200k |
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3. I checked the price of bitcoin in Revolut and in Coinbase. There was a difference of about 200 USD, but that is normal in different exchanges. I bought litecoin and the difference between litecoin in Coinbase and Revolut was of only a few pennies.
200 USD price difference for BTC is 3%. Its enought to earn without "fees". And as I understand you right its 3% price difference between buy price and exchange price. If you want to sell there must be another 3% price difference what gives us 6% spread. |
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I feel free to use Moving Average 50+20 and Fibonacci retracement + RSI. I know every trader use their indicators depending on their trading strategy so it's not good to say that my indicators are perfect for all. So study and use those indicators which you feel good to apply.
Its very funny for me. Almost every TA lover say something similar. I use bla bla bla, but it works for me and perhaps wont work for you. Its money making not mast***ating in the shower. If indicators works, they should work for everyone ... ergo ... it should not work for anyone because on market it is impossible for everyone to earn. If you are earning using them its not because of them. Its because beafore using them you are filtrating manny things like: choising good coins/ moment (bear/bull market) /enviroment/ global news what gives you advantage over market and more than 50% chance (lets say 70%) and it makes you earn. Those indicators are boosting those 70% to 75% or even burning 5% to 65% but its still earning. And not made by indicators. In the end of your trading expirience and work you are adding them and say that you are earning on them. Others may not. May not because they did filtrating not as good as you. By filtrating entry point i mean even dont fomo, dont buy shitcoins (even if there is great macd entry) etc. |
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You put lots of effort into this post and i appriciate this but i dont think that this knowledge is worth effort to learn. I think that looking at chart and thinking "who is buying here" "where will he put stoploss" "what would whale do in this situation" "how would he earn more - by longing or shorting this position" "this move helps to dump price or to sell as much without dumping" "how environment looks like" "where we are on the chart (top or bottom)". Looking at chart and answering those questions will help you to understand market and every pattern that will even appear. Learning patters will never help you understand how market works and why chart looks like that. You will also never understand why you fail so manny times fallowing those patters.
Price will reverse from support in 2 situations:
1-huge buyers will stop price with their orders and push it higher giving buy signal for buyers fallowing rule "i dont buy falling knifes" what will push price higher
2- sellers stoped selling close to support to dont break it because braking support will dump price few % down - no new buyers - only few TA lovers believing in streangth of support.
First situation is healthy and will push price higher, second will only push price a little and perhaps with another test support will be broken.
When you look only on patters you will never see in which situation we are.
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