Only people who have curiosity can win the game. If you are just following the pattern of others then you cannot make any differences.
In cryptocurrency trading, we do not just based from the market and traders reaction because everytime, there are always changes. Prices are stagnant and today is really different from tomorrow.
If we will become curious then we will think that markets does not just depends in demand and supply because news have great impact to the reaction of the people.
Mate. Market is all about demad and suply. News has impact not on market price. Thay have impact on demand and supply what has influance on market. Good news incrise demand and decrise supply what push price higher. Bad news incrise supply and decrise demand what push price lower. There is no magic conection between news and market price without changing demand and supply. In cryptocurrency trading, we do not just based from the market and traders reaction because everytime, there are always changes. Prices are stagnant and today is really different from tomorrow.
In every trading it is how you wrote. Not only in cryptocurrency. Im not saying that you need to find magic pattern. Im saying that everhing has economical explanation. Knowing how whales prepare for pump will help you find it for example. Knowing how makret reacts to news and icoming event is about to know how market works. Example: News about launching mainnet 1- price pump (investors jump in to be faster than others - its buy rumors time) 2-price dump (some investors are taking profit, oportunity to buy - its buy rumors time at best price) 3-price increasy (more investor jumping in seeing price increase and knowing about news) 4-event 5-price decrise (price dump if it accures a shit event or sometimes price incrise if event was better than expected) - investors are selling. There is no indicator for future grow. We are after event. Its sell news time. How it would look like during bear market? Different. During Bull market? Different. Its not about knowing all patterns. Its about understanding how it works. It need curriocity like you've wrote. |
|
|
|
you are absolutely right but one thing is missing from all this:
coins that are smaller, which usually translates into having a lower price like $1 and less, have a much bigger potential for getting pumped harder. for example you will never see a coin that is worth a lot like $1000 be pumped 500%. the best you can hope out of these big coins is a 50% pump to 100% if you are lucky before they are crushed.
but 500% to 7000% pumps in these small coins are pretty common because their market is small and pumping such coins is a lot easier. for example you can easily pump a shitcoin worth 1 satoshi to 11 satoshi and that is easily 1000% profit!
this certainly doesn't mean you have to invest in those or if you do you will become millionaire. this is just pointing out the potential of pump.
What you are saying is correct. When price is low beacuse of it is shitcoin (circulating supply is low too) makes it low in marketcap (easy to pump). Im not saying that it is harder to pump cheap coins. Im saying that price is not indicator of that. There are only 30 coin worth more than 50$. Most of them are in top 50 in marketcap. 1600 witch price lower than 50$. Thats why we dont see coin worth >50$ pump very often. Not many of them are out of top 50 marketcap. But price is not indicator. https://coinmarketcap.com/currencies/project-x/pumped from 94 000$ to almost 3 000 000$ in 1 week. It is possible without problem. Shitcoins are usually worh less beacuse its price continuously go to 0$. Ripple, Stellar, Cardano, Tron are not shitcoins and they are as hard to pump as bitcoincash and they are worh much less than 1$. Project X is shitcoin worth 90 000$ and it is easy to pump 3 000% in 1 week. Marketcap is indicator of faster growth not price. To pump project-x from 94 000$ to 3mil $, less than 500k $ was used (based on total volume on coinmarketcap thase days). Shitcoin worth 1 satoshi with similar marketcap will consume similar amount of money to be pumped. Tell me that you gonna pump project-x tomorrow becuse its shitcoin with low marketcap and low volume- i'll believe you. Tell me you gonna pump ripple tomorrow becuse its cheap ... I'll just laugh.
but 500% to 7000% pumps in these small coins are pretty common because their market is small and pumping such coins is a lot easier.
As you say. Small market makes it easier to pump. Not small token price. Sometimes (even mostly) it comes together. But Ripple, Stellar, Cardano, Tron are in top 10 in marketcap with coin price lower than 1$ and its safer to invest in them than in project X or others shitcoins worth even more. To be more precised.  Shitcoin worth 1 satosi on cryptopia. You need 116 bitcoins to only buy whats on sellbook to pump it to 10 satosi (1000% gains by 870 000$ buying only cryptopia sellbook. To pump it for days you will need higher volume to buy also from other exchanges sellbook). Project X was pumped by 3000% by 500 000$. You see scale of it? 0.000075 $ coin needs more than 870 000$ to be pumped 1000%. 90 000$ coin need 500 000$ to be pumped 3000%. If price does matter than if 90 000$ coin needs 500 000$ to be pumped 1000% than 0,000075$ coin should need 0.00041 $ (with LINEAR RELATIONSHIP) - i bet all of you have that amount. Lets pump shit coins  - BUT PRICE DOES NOT MATTER |
|
|
|
However if you guys checkout the market right now then you will see that there is huge drop in the market 24 hour volume. Surprisingly the price per bitcoin is also lowest but still the traded volume is low.
you are probably comparing the daily volume of today which is only less than half the day gone with days before which are full days and full trading volume. if you want to compare you either have to compare it by the end of the day and say it has dropped "significantly" or you have to do some sort of hourly comparison. also today we didn't have that much change in price which means there were fewer trades and that means less volume. also I agree with what Tytanowy Janusz said above about the volume drop.  I was talking about this red downtrend in volume. It can also be observe by this black line. In december/april almost every day has volume higher than black line. We cant say the same now. |
|
|
|
1000$ coin will jump to 100 000$ as easy as 1$ coin to 100$ coin (beacuse there is 1000 times less of the first coins) if they have same price incrise indicators (whitepaper, team, hype - like i mantioned beafore). There is no price limit that will slow price grow. Its all about circulating supply.
No , Obviously it is not as easy for a coin to get from 1000$ to 100 000$ as easy as a coin get from 1$ to 100$ A runner can run from 1 meter to 200 meter in less than 1 minute but is it as easy for him to rum from 100 to 20000 meter as easy like that? Of course not , as a coin grows bigger , It becomes heavier and it moves harder .If coins grows bigger ( have higher maket cap. not higher token price !!) than it will move harder. I see i need to talk more clearly. Imagine that token has value of 10 000$ and there are 10 of them what gives market cap equal to 100 000$. now I came as an investor and put 200 000$ into this coin. Price wil surge to 200 000/300 000/500 000$ (impossible to calculate) or even higher cousing fomo. 100% - 400% increase in 1 day !. And coin has value of 10 000$. It wil surge because when marketcap is equal to 100 000$ and i put into this 200 000$ it means that without moving price i will have to buy all of coins and put rest 100 000$ back into my wallet because there are not nessesary. I have all coins bought for 100 000$ because there were worth that much(of course price will surge and ill have ability to use all my money). Now imagine that token has value of 1$ and there are 10 bil of them - marketcap equal to 10 000 000 000$. When ill buy for 200 000$ noone will even realise that. Token price does not matter, Marketcap does (bigger coins moves harder beacuse they have bigger marketcap not bigger token price) If anyone disagree with this example write how i'm economicaly wrong. Not how runner is running.No , Obviously it is not as easy for a coin to get from 1000$ to 100 000$ as easy as a coin get from 1$ to 100$
Yes its as easy. But its not as easy to move from 1 bil marketcap to 2 bil marketcap like from 1 mil marketcap to 2 mil marketcap |
|
|
|
Hello BCTalkers,
There is one fact of BTC that I would like to share first. When the BTC drops in the price then there is observation that BTC gets more 24 hours volume than the previous stage as it is being traded at discounted price and thus people buy more and more.
However if you guys checkout the market right now then you will see that there is huge drop in the market 24 hour volume. Surprisingly the price per bitcoin is also lowest but still the traded volume is low.
I dont understand whats happening really? Is it like that people are truly panicking right now? Or is it something about BTC that we should know ?
Very good topic. I've notice this too few days ago. Volume is very low. Ill try to answer the best i can: 1- volatility incrise volume. Now even the bitcoin is relatively cheap its volatility is very low (high for stock but for cryptocurrency 1% dayli is boring for those who are here beacuse of volatility higher then on stocks). It mean that noone is running to catch bitcoin. There are less emotional trades. Also there are less traders who are making volume buying and selling after 5 min. Less trading bots. Or mayby the same amount of trading bots but they make less transactions. 2- Bitcoin price is slowly getting to the point where is should be. When price is too high/low (20k for bitcoin in deceber) makes fomo investors jump, smart money leave, that incrise volatility what makes more traders jump in etc. Also when price is at ATH and ATL makes a lot of emotions and transactions. Now when bitcoin is sitting at current price since february every investor has his change to buy/sell at current price. We had massive bitcoin exchange over investors. Most of them who bought/sell since february is waiting for better gain/lower rebuy. Current price is not high enough for those who buy lower in last 3 months to sell and not low enought for those who sell in last 3 months. Volume will go lower and lower until whale will pump it or dump. 3- fighting with supports and resistance - that also creates emotions. Bigger walls are also located there what gives oportunity for whales to buy/sell big amounts without pushing price - whats create volume. Currently bitcoin is in the middle of closes support and resistance. 0 emotions. 4- those, who were panic selling bitcoin in january/february (december pump noobs who didnt know what bitcoin is just bought beacuse it was rising very fast) probably sold out. Now we have hodlers/traders ... and MTGOX Just like trading any market. There is a cycle that needs to happen. Right now, let's just say that BTC is taking a break. Some may say that it is only gaining strength or sleeping, but then eventually it will wake up and do it's thing whether go up or go down further.
Alwais try to find economical explanation. How demand and supply works. Talking like "bitcoins needs break" "chart is doing someting" "its getting strength" and repetiting smart sentence from older traders will never learn you how market works and when to buy and sell. |
|
|
|
The answer seems so obvious but in reality, another difference exists. It is already proved that cheaper altcoins are growing faster and gaining more than the most expensive ones and Bitcoins also.
Proved by who? If the $1 coin is good and have the potential to grow in the future. This coin will make you richer than buying a $1000 coin. And there the $1 coin have more room for improvement.
1000$ coin will jump to 100 000$ as easy as 1$ coin to 100$ coin (beacuse there is 1000 times less of the first coins) if they have same price incrise indicators (whitepaper, team, hype - like i mantioned beafore). There is no price limit that will slow price grow. Its all about circulating supply. Newbie said : I bought 0.1 btc i will not earn much Sad another newbie said : I bought 10 000 000 satoshi - ill be milionair soon Amount of coins you bought does not matter. Money you invest does matter (coin price x number of coins not only number of coins). Current 1$ coins are not bitcoins years ago. There are like bitcoin now with only lower price coused by higher circulating supply. |
|
|
|
I'm not sure, but I think the best coin is EOS. From your set of coins. It is inexpensive, but with the prospect of good growth.
Why you think this coin is inexpensive? Its nr 5 in marketcap. Higher than NEO, litecoin, monero, stellar and many other great project. I agree that the way they develop their platworm is much much more than satisfactory. But i wont name this coin inexpensive. Unless you are talking about token price (12$). 12$ is inexpensive but token price dasn't metter. Here i explained why : https://bitcointalk.org/index.php?topic=3987913.msg37787537#msg37787537 |
|
|
|
eos and trx have been in my portfolio and I am also waiting for both to launch the mainnet soon. I think after the mainnet is launched later there will be growth and price increases.
Thats why you bought it today. Like most of investors. Thats made price incrise before event. Every news now which will pospone mainet louch will affect in price decrise. Also fail of lauching mainet will dump price. Mainet itself wont affect in price incrise that much cous most of that is already in current price (beacuse of investors like you, who bought knowing about incoming news) I very often buy something before big event. Seeing 100-200% profit few days before it happend was great. Loosing all profit week after event makes me learn that we need to buy rummors and sell news. Knowing risk of it didnt happend or be postponed. |
|
|
|
Biggest infrastructure - the hardest to hack (with proof of work you need to have 51% of calculating power witch is impossible and uprofitable) Biggest hype - everyone is here beacuse of bitcoin and it makes it to be the closest to hit mass addoption (in japan you can go shoping with bitcoin wallet) Price fluctuation - bitcoin is like a dog and altcoins are like its tail. It is hard to predict dog move. But try to predict his tail move... thats make people jump into bitcoin when market is going crazy. Its better to hold dog when he gets crazy instead of his tail. Bitcoin is the most usefull coin in cryptomarket - you need to have it to buy most of altcoin Bitcoin is like gold in cryptoworld (store of value) Bitcoin has best volume (easier to trade with big money) All of this makes me ask you why to buy altcoins. Ill probably ask if i haven't some |
|
|
|
Coins Verge show a good price increase, but with their security problems you need to do something.
Why did not the team solve these problems after the first hack?
Beacuse they didn't know how? Or maybe they close that windown but left another open? |
|
|
|
As on this coin logic does not work we can expect spectacular coin pomp to new ath after this news (just like after last hack) |
|
|
|
If you don't trade with the money more than you afford to lose, it will be safe for you but there is no trading without any loss, if your profit is more than loss then you are good trader.
It is difficult to achieve this and most success rates account for only 2% of the market. I think when trading psychology is the decisive factor for all because people are very difficult to control this and easily lose profits in a short time. I personally advise people to only invest long term and restrict many trading in one day Diversification. I'm investing on bull market, trading on bear market. Ivesting long term is not strategy of cutting looses or saving profit from loose. I think that good trader knows when to invest short term/ long term or daytrade. Each strategy is good for specific market condition. Investing is giving you profit on bull market only. But are you 100% sure of your investment? you buy it beacuse of whitepaper, team, project? Whitepaper can be copied, team faked and project can not be delivered at all (most of current cryptocurrencies dont have working product yet or product is not working as it should due to wrong code). So what makes you 100% sure about your investment? There are alwais looses. As i said beafore - 90% of altcoins will die someday (in next weeks, monts, years) beacuse there is no need of 2000 cryptocurrencies. No need of 1000 currencies witch only purpous is to transfer capital. No need of neo, etheurm, lisk, eos as there is stellar (i can say the same about others) Every "investor - hodler" is talking like that. I'm buying xxxx beacuse it has great future. When it will hit mass adoption it will go to the moon. Yea but if it will than 100 others doing same thing will be forgoten (all of them had bright future when it will hit mass adoption). Invest/trade, but dont get married with one coin especcialy if its taking you down with it. |
|
|
|
We are can not make possible in every trade will make profit, we only can calculate in every month how many % in loss and how many % get profit., and from that should be we can make the higher percentace of profit. Make consistent profit in trading should be by accumulate in montly and not in every trade. And to make consistent profit we have to learn more about trading plan and management of money and risk. In market situation now is only possible to make profit from short trading.
I'm scalping market at this moment making profit on 5 min candles. Making up to 0,5 -1% from 1 trade witch i hold few min only making dozens of trades dayli. Bull market - long investments. Bear market - short or scalping. To topic creator: You are right. Money managment is key to cut looses. If you dont know the market (even if you are pro on stock or forex) start with minimum bet, learn market and then jump with full capital. Never put all your money in one trade. Every expirienced trader know that thare are black swans. Trades than can go totaly wrong (-80% in 5 min beacuse of bad news - for example hack of exchange or coin in cryptomarket) You can never cut all losses. But you can save yourself from making 0 in your wallet from 1 stupid trade. Cut losses and begin to earn with that capital again istead of sitting on 1 coin for years waiting for it to recover. If you want that I don't have any loss. First select some alt coin price increase and decrease and have good future in this coin. you buy sell this coin when you see that coin price decrease you don't sell this coin you hold it and when it price increase sell it.
Yea.... again hodl hodl hodl talk. You are right since first mistake... It will zero your portfolio once and you will learn that hodl is not the only and best option. Think about it. There is 2000 currencies. You really think all of them are necessary? 90% of them must die. 90% of your hodl coin will die someday! You never know when it will start. You will earn on your hodl tactics next month/year/5 years from 1k$ to 10k$ 100k$ but when it will happend you will loose it all. 1 mistake and your hodl tactick will lead you to 0. And it can start even today. |
|
|
|
1. First one was 6th February. (BTC around $5800 and market cap around 280b)
2.Second one was around April first week. (BTC around $6500 andmarket cap around 255b)
3. Third one "now". I think this is another opportunity who missed last two. I think we can see the price around ($6800 to $7100, just my opinion)
Good news that, we are making lower high each of these stages. One day chart shows we do not have much momentum to deep much lower.
I think we still dont have enought volume to stop bitcoin. I think it will go down few houndreds from now and then rebounce to 9-10k at least. There is alwais possibility that guy from 12.04 will wake up and start buying again. I hope to see that candle again (from 6800 to 8000 in 1 hour) |
|
|
|
Bounty hunters can not influence the price, because they have from 1% -5%, it is very small to form a market value, I think projects have collected investments forget about their promises, honest projects with a good reputation on the contrary buy their tokens from hunters at a price not lower and sometimes even higher than the price of ICO!
5% of market cap is not "very small" amount. Its probably more than weekly volume (2 days volume for bitcoin, 5 days for cardano, 11 days for nem). That is enought to cous panic sell. |
|
|
|
Do you think if the project collects a lot of money for the ICO, why does its token fall in price, immediately after ICO, and investors lose money? Just do not say that, the bounty hunters lower the price of the token-it's a fairy tale  , the normal project always keeps track of the price of its token and buys it without letting it fall to the bottom. First of all. Good project is investing collected money to provide their product to customers as fast as possible instead of trading their own coins with insiders news (witch is unethical and on stocks market must be done only with information send to investors about it). I think if project is good and team is going to provide its product on time set in whitepaper and roadmap then price will defend itself. |
|
|
|
|
There is no asset (stock, forex, cryptomarket, house price, oil/silver/gold price) that has 0 variability - thats keep goin up nad up and up day by day month by month year by year. There are alwais investors taking profits, whales making dumps to rebuy lower etc. Thats how every market works. If you were whale wont you sell your coin when market is goin to moon like stupid and rebuy 50% lower? Of cours you would. But you are not whale so you decidet to create account on forum to write how upsad you are instead of learn how whales works and how demand and supply works to earn on this big variability great money. You can trade and earn few % on 5 min candle on this market ! thats great but risky.
demand and supply:
Inagine you are whale and you wont to buy bitcoins for 5 bil $. How would you do that?
1 - Buying and buying and buying for 1 year from price 1k $ to 100k $ (buying all supply day by day pushing price higher and higher each day. Soonly noone is selling and you are just pushing price higher with small volumen)
2 - Buying all in few days making pump from 1k $ to 50k$ what will make big dump next day when you will stop buying
3 - Buy from 1k to 5k then w8 for it to go down to 3k then buy to 8k and w8 for it to go down or even make it go down if it is continously growing etc ?
I think last option is the only one that allows you to buy it as cheap as possible. Others are stupid. But you are not a whale. Thats why you would like them to buy like in first option. Beacuse you are not expirienced trader and you cant earn on variability.
NO REASON FOR BEAR MARKET?
Have you heard about MTGOX? He was dumping during first monts of 2018 and was obligated to wait with rest of his coins till september. In september court will decide whats with rest of his coins. But few weeks ago he transfered 16 000 bitcoin to exchange wallet. Few days ago he transfered another 8 000. Thats scares investors from bitcoin and makes them w8 with theirs investment till MTGOX case is close.
|
|
|
|
|
Hello everyone.
I would like to write here my idea that change merit distribution system.
Currently we have few members beeing merit source, who are generating and giving merit poits to quality post writers.
In my Idea merit poits will be created by merit source by giving merit to chosen post (like now) and also to everyone who gave merit poits to that post beafore. That will make users to use their merit poits to good quality posts not only to their frends or alt accounts. In fact they will spend their time to search for new, quality posts to be beafore merit source with their feedback to poster. That will improve merit distribution and quality of merited posts.
What you guys think about it?
|
|
|
|
Did everyone forgot about MT GOX? They still have 162 000 btc to sell. They was obey to wait till september till court will decide whats with them. But few weeks ago they moves 16 000 btc from their wallets. Few days ago they moved another 8000. Why they moved it to exchange if they had to w8 till court will decide whats with them? Ivestors are scared that other 138k will be moved and sold on exchanges. Mayby thats pushing price down? I think price wont be pushed to much north beafore MTGOX case will be closed. Bitcoin rallied from 5400$ to 19,600$ in just a month, what do you expect that it will still continue to grow to that point on? Expecting something unrealistic in really not a traders way and the price correction we are seeing now is a normal phase to a traded asset online. Obviously when Bitcoin reached at its all time high almost everybody took profit and only some have manage to experience losses. Bitcoin more than doubling its value in just a month made this downtrend long as it maybe is making or waiting for a bigger move.
I agree with you. That is also holding bitcoin at this moment. Correction still looks normal after december pump. |
|
|
|
|
Show Posts
