Technical analysis, Fundamental analysis and Sentiment analysis are some types of analysis which works well in Forex and Stock market.
But none of these works well and in sync with the crypto market. Is there even a single type of analysis which can give if not accurate then at least a near target price ?
Most of the times the market plays against us which indulges us in bearing losses.
Do you guys think Psychological analysis can help us in making better decisions and setting better targets?
Predicting the price as per the news and events in the market and how people react to it could may be give us better profits.
It is possible but there are at least two issues with this, the first is who do you think gets to know the news even before they are published? The whales of course, which means that by the time you try to take advantage of the news the move may be over already, and second how will you know in which direction a particular news will move the market and how much it will? Lets suppose that Google plans to release its own coin, is this bullish or bearish? And regardless of the direction how big the movement will be? 1k, 2k, 5k or it will be even bigger than that? You have a really good point here. This just made me think that not all people think alike and hence people may react differently to different scenarios. Lets take your scenario, if Google releases it's own cryptocurrency then there will be some people who would think it's a good news that Google is getting engaged with crypto thus buying more coins. But there will also be some people who would think if Google releases it's own coin then it might be a threat to bitcoin meaning it might result in bitcoin going down thus selling their coins. So I guess Psychological analysis wouldn't help in such cases at all. |
|
|
|
I started trading a few weeks ago, and made a real effort to do technical analysis before making any trades. Record so far? 8 trades, 8 losses. I started with $1200 and am now down to $850. Fortunately, the money I am using was from ETH that I had held onto from a couple of years ago, so the loss doesn't hurt.
I simply cannot time my entries, and I do set decent stop losses but these get activated and I sell at a loss. A bit frustrating!
Alas, that sounds really bad bro. Stop loss is a great tool to minimize losses but if you don't know how to use then it could eat up your whole investment. If you saw losses continuously then you should have stopped using that strategy but you kept on using it resulting in such losses. Not losing hope is a good thing but we must be smart to know when to change the strategy if it isn't working right mate. |
|
|
|
|
We often tend to buy at the wrong time. We see the price of the coin growing and think to buy in but just as we do that the price falls down due to a minor correction or whatsoever.
We think that this happens only with us but in reality, most of the people had faced it already. I don't think it's a thing to worry about.
We just have to set out targets right.
|
|
|
|
|
Technical analysis, Fundamental analysis and Sentiment analysis are some types of analysis which works well in Forex and Stock market.
But none of these works well and in sync with the crypto market. Is there even a single type of analysis which can give if not accurate then at least a near target price ?
Most of the times the market plays against us which indulges us in bearing losses.
Do you guys think Psychological analysis can help us in making better decisions and setting better targets?
Predicting the price as per the news and events in the market and how people react to it could may be give us better profits.
|
|
|
|
|
I know how good it sounds to go full time trading but we do have to think about all the possible outcomes of it before quitting the day job.
You might be earning a good amount of profit in the current trend through your current strategy but as we know the trend changes quite often in crypto and so does the strategies.
You should have a backup plan ready if the market goes against you. Just imagine you are facing continuous losses and you don't have a stable job aside to pay your bills.
That will turn out to be a nightmare. So going full time is not the problem here but we have to make backup plans for possible worse case scenarios too.
|
|
|
|
|
Litecoin is surely a good coin to invest in if you look at it from a speculative point of view but there are no serious developments taking place which makes it vulnerable to disruption.
So, we can invest in the coin for day trading and short term trading but it wouldn't be wise to invest in it for a long term.
If there are no developments planned then probably it won't survive in the long run. Not every coin can turn out be like bitcoin.
|
|
|
|
|
If you invest in some random shit token like this one then no matter what you do, you won't be able to leave your current depressing day job filled with extroverted people.
You have to be able to generate enough revenue apart from your day job so that you can leave it and find a job which suits your needs.
Investing in crypto is great but we should never make it as our full time job since there is never a stable income in crypto.
Well, this is my perspective and obviously everybody have their own point of view on different things. So, invest in better assets so that you generate better interests.
Then find a job that suits your needs and then you should be good to go.
|
|
|
|
|
For the most part, it is implemented to eliminate the scammers who participate through multiple accounts.
Also, it is used to verify the person's identity and that the person is a genuine being and not a fake identity.
Although this is not so relevant to bounty, KYC is also used in cases where the person is involved in criminal or illegal activities (most often to fight terrorism).
|
|
|
|
Hack on their data for sure because lot of threads regarding this info so this might be a true fact but need to wait for their acceptance about this leak.If this could be hack on their funds then we might lost the best crypto exchange on the falling side.
Never go with the crowd. Most of the times what we see is not the actual truth. People portray false information in the name of truth and the others believe it and spread the FUD. I guess that is what has happened here now. Though there might be people uploading KYC information on telegram channel but it isn't necessary that Binance was involved in it. It might be an attempt to break the current growth in bitcoin's price. So it isn't wise to spread such FUDs by making threads like these. |
|
|
|
|
Choosing an exchange is definitely not an easy task. We should look upon various factors before choosing the right one.
I generally see how good reputed an exchange is followed by factors like liquidity, customer support, coins listed, the UI and UX etc...
If everything seems good only then I decide to deposit my coins in that exchange. The wise ones say that never put all your coins in a single exchange.
So we should choose multiple exchanges (2-4) and keep amount in all of them.
|
|
|
|
The bull run that we are experiencing today is unlike the bull run last 2017, this time it is much stable and not a bubble.
A little bit too early to assume that. We can only say that it's not a bubble because it hasn't broken all-time-highs yet. People were pretty much saying the same stuff at the bull run of 2017. "It's not a bubble", and my favorite: "this time it's different". Well, it obviously popped. Yeah, it's pretty much not a bubble unless the price spikes up in a short time or if it increases in price for no reason. The last bull run did have reasons to increase but the price spiked up way too quickly in a short time, thus making the bubble pop. As of the current trend, I do not know if it's a bull run or not but the price is growing quite steadily. If it keeps the same pace then might be this time, we may not see the bubble burst again  |
|
|
|
|
China had the most users using cryptocurrencies right before it banned crypto mining in China. China is open to new technologies and has been a well developed country.
If China had not banned crypto then we may have seen a significant rise in bitcoin's price in today's date. Lately, China has been loosing it's grip on the ban of crypto.
So if China uplift's the ban from Crypto then I am quite confident that many users will return to using and mining crypto.
Although I am not sure if China would accept bitcoin as a currency but if it does then there is no stopping to wildfire it would spread.
|
|
|
|
So we all know how Indian government is banning cryptocurrencies soon. https://www.livemint.com/news/india/banning-cryptocurrency-in-india-not-a-solution-nasscom-1564476081539.htmlNow nasscom is adding fuel to the war along with the Reserve bank of India suggesting that they didn't have anything to do with it makes worth a point *They themselves think this is overboard and doesn't want to actually associate with it* Earlier this week it was criticised by people all around the world also at the same time the committee was submitting the records rejecting any good involvement. Nasscom is actually the Indian IT sector more like a non profit organization. Earlier today there were websites suggesting how you should sell your coins so that you don't get jailed for long-term. So , should you sell or hold onto bitcoins .? All I know is if we all held onto our bitcoins , they won't be able to send each and every one of us to jail .. the supporters are actually a lot more than you could imagine. I am holding onto my coins , what are you gonna do ? All I have heard is that many committees, groups of people, politicians, bankers and whosoever talking about banning crypto in India. They have been talking about banning crypto in India since years now but I have seen a real ban yet or even an official announcement on this regard from a trusted source. I don't know why people keep bothering about such FUDs. I have been a hodler since years without worrying about such FUDs because I know what I am doing is not illegal. The money I earn is from my hardwork and not from by selling drugs or guns on the darkweb. People have to be optimistic about the new developing technology instead of listening to some person you don't know telling you what to do. |
|
|
|
Thailand Government to amend AML laws to regulate cryptocurrency. Regulations like these are more likely to help people transact with confidence.
Well I am happy with this because unlike other countries it hasn't at least banned cryptocurrencies as a whole. Regulating it isn't ideal too but then this is the only option the governments have as of now to tax crypto earnings and regulate it's use. People are using crypto not caring if it is banned in their countries. This has made the governments unable to implement an effective ban on cryptocurrencies. |
|
|
|
|
Let me tell you one thing, bitcoin was created way earlier in 2008 and Apple had launched their iphone 3G in those days.
Since then both are growing independent of each other and so even if Apple doesn't favor bitcoin in anyway, it won't matter to the crypto community.
What's so special about the Apple credit card anyway ?
It's certainly not a blow to bitcoin since bitcoin is doing well without Apple anyway.
|
|
|
|
 Yes you are in a scam. There are enough reasons in the above screenshot to say that the website is not at all genuine. This is not a professional company as the whois lookup displays the info about the website. It's going to expire soon which also means it's going to run away with your money soon. Also, their 'Vision' is definitely not good. It's obvious that it's not a professional company and rather a scammer. |
|
|
|
Firstly, I would like to say that India has not banned bitcoin or any other cryptocurrencies. Whatever you have heard is not the official announcement made form the government. Because there is no official announcement made from the government of India. I know that the committee has drafted a bill stating to ban cryptocurrencies and prohibit it's use. Since the bill is not approved and will probably not be, it's not a thing to worry about. Even if India bans the use of cryptos, there are other ways people could still use it. Besides that, there are way more reasons for bitcoin to grow in price in the upcoming months than to worry about decrease in it's price due to India banning it. Guess what, I am an Indian and I am not at all worried about bitcoin being banned here and I would still be using it. |
|
|
|
I am still curious to know how much bounty manager charge now
Why are so curious about it ? May be you are aiming at being one of them! I don't know the exact rates else I would have given you a range but what I know is none of them have a fixed pay rate. There are managers who are experienced, some are well versed at their job, some are just for the name sake, some have good reputation while some have bad. None of them have fixed pay rates. So it depends on person to person on how much they are earning. |
|
|
|
lol I think crypto-related projects are evolving backward. Even google-chrome doesn't require you to do any KYC or that sort of thing to use the browser. You can always configure your cookie settings and make sure your data is protected. Good times with brave. Had to uninstall it after the update.
LOL I think you must be a noob to think that your data is protected after using chrome. Once you use chrome, Google owns your shit. There is nothing you can do except a few tweaks so that google can steal less data of yours but there is no turning back from it. Google pretty much tracks everything about you if you keep using it. May be google is tracking this thread right now since we have used the term ' Google' so often in this thread. Oh, there goes it one more time. |
|
|
|
|
What I have learned is the most important thing that probably everybody should keep in mind while trading. We all have made mistakes in crypto trading and have learnt from it.
What I have learned is that the market always recovers sooner or later. This only goes with the popular potential coins and not for shitty scam coins with no scope of future.
I have seen people selling at lower prices than they bought and that is the biggest mistake they are doing. I as a long term holder have learnt that we should never sell our coins in a loss.
If the market has gone down and your coins are in a loss then just hold on to the coins patiently and it will recover sooner or later.
|
|
|
|
|
Show Posts
