From the bull market in 2017 to the present, the price of mainstream cryptocurrency has fallen sharply.
It's just an indication that the market goes on a cycle, last 2017 was the biggest bullish trend we have seen so far. But as soon as it burst, follows the bearish trend that's why the price is still on a decline. How much money do you currently have, you can buy cryptocurrencies in the future market. If the bear market will last for a few years. What do you choose to do?
I don't think that any traders will say how much money they have. Of course, even though we are in a bear market, it doesn't mean we can't put our money and buy good coins and do nothing but hold. On the other hand, traders will be traders, they will continue to try and make money regardless of the current market situations. So for me, continue to bag cheap coins and then trade if I see some profitability and take that risk. Exit on time, rinse and repeat. |
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Bitcoin is still bad, when was the time to come that bitcoin become powerful currency. Its really hard to wait for the price increase. But I don't lose hope l will wait for the price pump of bitcoin.That lm one of the millionaire's created by bitcoin. Its my only hope for the future of my kids to give them a better future.
What do you mean still bad? It's the people who uses Bitcoin in a very negative way that causes it to be deemed as 'bad' by authorities. JPMorgan Chase is a giant.They are in the "too big to fail" category and their reputation won't suffer from those accusations.The JPMorgan Chase CEO will just blame the accused traders and the entire bank will go away clean from this s*it. Privileged banks like JPMorgan,Goldman Sachs,Citigroup,Bank or America,HSBC,etc. will continue to manipulate all markets(including the crypto market). They are above the law.  I wouldn't say that they are above the law though. What happened is that people still put their money on those big companies even though it has a shady past. Because, of that they get to do whatever they want, people could get arrested but the profits will stay. They are literally too big to fail, hopefully we will find a way to take them apart and make them smaller bunch of places instead of huge just one and that way we can close the smaller portions of it but until then they will do these manipulations whenever they want without fear.
DOJ has set a precedent here, they exposed JP Morgan, I think this is because it involves precious metals wherein the government has also a investment (Gold). So I think even they are big, if they go against the government sooner or later they will go down hard. |
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ETH/BTC
expecting a big up movement starting the next week
it's already started, but i'll wait and buy at around 0.0204
targeting 0.0275 (1st Take Profit :not really the main target but it's necessary to protect my balance from any unexpected movement)
and 0.0345 ( 2nd Take Profit).
**it's how i'm going to play it, and it's not a recommendation to anyone
~ snip ~ i was on a summer vacation with the family i didn't trade much, also i'm a long term trader 2-3 months between trades is normal  anyway ATM i'm neutral on btc, as there r 2 scenarios: 1st: to close a week candle above 10975 in this case it will target 15480$ 2nd: to go down and make a bottom around 8580~8210 then go up targeting the 15k level ------------------- i feel that the 2nd scenario is closer to current movement, so i'm trying to use that on ETH, Since Btc might go down a little, and ETH will get some strength soon. i'll try buying ETH/BTC next week, i hope it doesn't go lower than 0.0204 tho before reversing up. Good for you if you went on a holiday with your family, I guess not everyone has the luxury to go away that long.  Yea, I would like to see Bitcoin bottoming around that price so that we can pick more cheap coins. Bitcoin has been trading sideways for the last month or so, another indication that it could make a break out run (1st scenario), or make a new pattern and go down hard (2nd). Still a win-win scenario though, plenty of leg room to go and touch $15,000 this year. |
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CipherTrace has announced an app coined Scout that tracks and documents illicit crypto transactions. The app traces addresses through the blockchain to identify which coins may have been used dark market and ransomware. Do you think people are likely to use this app? Also, who would get the most use of it? https://www.coindesk.com/ciphertrace-scout-app-takes-crypto-investigationsFor an typical trader, I don't think we need this kind of tools so I'm not going to download and use this one, and I don't trust Ciphertrace though, yes they are doing something for the crypto ecosystem, but I still have my doubts. So I'm still in the middle here, it could be abused as well and that is my main concern here. I think this should be for investigators and authorities used alone, as ordinary traders like me will just be paranoid of every coins you will got and will always do check if it is tainted or not, LOL. |
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I wasn't expecting Karen Khachanov to lose as he was the number two seed for this tournament and thought that he would make the final for an all Russian final but that's not going to happen now. I think that Matteo Berrettini is the main danger in this tournament to Medvedev but first Medvedev must get passed Rublev which is going to be a great match to watch.
Karen Khachanov is not doing great this year. It was a two setter win for Medvedev against Rublev, I was expecting that Rublev will give Medvedev a hard time but it was sort of an easy win. So semi finals: Medvedev vs Gerasimov, Coric vs Sousa Coric again made a comeback victory against Ruud, while Sousa defeated the former champion Kukushkin. |
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These types of signal groups are not helpful for newbie traders. I believe paid signal group really good nowadays, but don't follow the free signal group, you will be ruined.
We all know that, but this signal groups are taking advantage of this newbies and I'm sure majority of their members are beginners because they can easily be persuaded because they lack the experience. If could be good but in the long run, you might end up losing big money that's why its not advisable to pay them premium price for a signal. But there's no stopping them isn't it, new traders comes ever day and fell victim and because they know how to play these guys, promising big money in return but all you can get is penny because the first person/s that's going to make big money is the admins of that paid signals. |
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Thanks for the heads-up. I'm a old school so I still using their vintage versions. I even have debates on some of my friends because they wanted me to try the new and supposedly slick design. So I guess old dogs needs to learn some new tricks after all specially here in crypto sphere. Need to familiarized myself with the new UI, and everyone now has no excuses and need to adopt.
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Yeah, it's sad when you hear news like. It looks like criminals are now targeting personalities in the gambling world. Even here in my country, Chinese involved in gambling are being kidnap and ask for a huge ransom because they know that the families are rich and willing to pay that ransom money. For sure this sad news will send shockwakes to all gambling related activities around the globe, specially that the victim here in a US citizen. And what makes this incident very sad is that the it was set up by someone close to him.
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So many projects or coins are dying or become shitcoins because of the bear market and only coins with real potential in the market has a chance to make it through the bull run.
Do you think the bear market is a good way to purge coins that are not worthy to be in the market, I believe the bear market is a good parameter to see if the market has a good potential.
In a sense you maybe right, this prolong bear market has pushes lots of worthless coins to instantly die, it's like survival of the fittest, if they can't adapt on the environment as hostile as what we have seen in more than a year, then shitcoins will simply die. And those who are going to survive will still encounter a lot of test, but I'm sure when the bull run happens, those coins will thrive again in this market. So yeah, we need this kind of purging. However, as the process is cyclical, we might see shitcoins popping up like mushrooms again during a bull run. |
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ETH/BTC
expecting a big up movement starting the next week
it's already started, but i'll wait and buy at around 0.0204
targeting 0.0275 (1st Take Profit :not really the main target but it's necessary to protect my balance from any unexpected movement)
and 0.0345 ( 2nd Take Profit).
**it's how i'm going to play it, and it's not a recommendation to anyone
So you're back after a few months, LOL. Bitcoin has a massive ups and down in the last 24 hour, but knowing how volatile is was, I wouldn't be surprised by a good bounce today and the price seeing above $10000. I'm not really sure about Ethereum though, but as we can see, it had a break out run, posting a gain above $200 and support are holding it around $220. So let's see if this small movement will turn out to be something big specially entering the last quarter of the year. |
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the real altcoin season will start when the bitcoin dominance goes down to 50%  I agree, we cannot say that it is an altcoin season when the Bitcoin dominance is increasing. Funds is moving out of altcoin and pouring to Bitcoin at this point. I believe the current price increase is a normal fluctuation of cryptocurrency since we see a decline after those price increase. If the Bitcoin dominance decrease, it only means that the fund is moving to altcoin again and that indicates an altcoin season. I will say 45% will be a good measuring stick to say that altcoin has indeed bounce back and are into the bull run mode. But so far the market really looks strong, saw Ethereum bounce back and way ahead of the $200 range, but generally the rest is down 2% right now. However, there is no clear sign that altcoin is ready for a recovery, perhaps what we have seen is just a classic manipulation from behind, to look like something in brewing in the altcoin market, but indeed there's none and whales are again trying to squeeze themselves and play the market again. |
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As expected, Medvedev won against Donskoy. But it will be interesting to see him against Rublev int the next match. As Rublev won a three setter against Berankis of Lithuania 6-4, 6-7(5), 6-1.
Khachanov the second seed, lost to Sousa Russia 7-6(2), 6-4.
@Royse777 - yes, Coric got lucky, LOL, I just looked at the score and I thought he is going to lose this one.
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Selling and rebuying lower is a very risky move, you don't know when it will go up and you don't know when it will go down so its as risky as holding as well.
Maybe you sold at 12 to buy again at 10 but maybe you sold at 10 and it goes to 12, you never know which one we are in right now until we actually see it happening. That is why people keep saying hold your currency unless you really need to cash out, if there is something like medical or something bill then yeah sure but if that doesn't happen then you really need to hold it because long term holding is the only guaranteed method of making money.
That's exactly how the market operates, and that is why is very hard to timing the market, you might be "catching a falling knife" here. So you could hold and if you think that time that the current price is good for you to liquidate and make a profit, then push the sell button. I don't have anything about long term holders, I myself have been holding my Bitcoin for years, but I try to be active in trading if I see some momentum and swings to get a decent profit. That's one thing that makes this market very attractive and that's why we always see new traders being born every day. |
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For me it will give some sort of reputation if you see high ranks announcing some project. But then again, this not a good gauge because we have seen some reputable member as well being involved in a scam project. I won't mentioned names here, but I'm sure bounty hunters are more familiar with them. I think this is the trend in 2017 and it was not that pronounce because we are in the bull. But since we went to a more than 1 year bearish trend, it's not that effective anymore as investors here and bounty hunter are looking or should look at the project itself and the entity behind.
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~
Oh well, what do you expect from people behind JP Morgan, they made a noise about Bitcoin is 2017 saying nasty things and then manipulating the price in their favor. Now, we see what this company are made of, greedy, manipulators, I'm sure they can pay the fine. But I do hope that their investors would shift their funds to Bitcoin.
Unfortunately, it is very likely that most of them are still going to be holding the notion imposed on them by JPMorgan, because people are slow in changing their views, regardless of what happens. But, of course, the forward-thinking ones will turn their minds toward Bitcoin, and I too hope that it can be a significant number of people (and funds). I really do hope that there are still investors who has that mindset, I mean bitcoin could give them better options. @The Pharmacist - Yeah, same thoughts, heard so many conspiracy theory for years now, but this should be an eye opener for goldbugs. I guess every market will have some manipulators from behind, but it good to hear that at least DOJ has proof against some JP Morgan executives. So let's see how everything pans out. |
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Sorry to burst the bubble but I'm not seeing a altcoin rally here. Just pump and dump for some majority coins and a few shitcoins down the line. So it's too early to say that Bitcoin will be stuck, it is just trading sideways after all. And then some altcoins gaining 5% or more but we all know what's going to happen next, a massive dump. I see one potential good coin, was up 35% yesterday, and now it's down 25%, LOL. So let's not get excited for the altcoin market, bull run is not yet here, probably we will have to wait for next year early or mid 2020 before the actual altcoin bull run begins.
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Match of the day: (1) Medvedev vs Donskoy - I think Medvedev will win this one easily
(2) Khachanov vs Sousa
(3) Berrettini vs Baena
(4) Coric vs Fucsovics
I'm not seeing any upset here. Probably those top seed will go to the next round, might encounter some hard fought sets, but in the end, they can go and steam roll their opponents here.
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First, why don't just project start with low circulation instead of burning their token if their plan is to really increase the price in the future? Second, buy back system? not a good indication as well because this will be just taken advantage of manipulators. One thing that keeps KCS is that it is back up by Kucoin, one of the biggest exchange that's why it is still somewhat surviving in this market, if this is just some ordinary shitcoin, the price could die down, although it is still 90% down from it's last all time high, Same as HT just 30% and BNB 45% below. The OP should say instead to instead of coins being back up by top exchanges and not to confuse members with terms like "buy back" or "burn token" strategy.
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Bitcoin Is Still bad? JPMorgan Chase Traders Accused Of Market Manipulation, Again! The U.S. Department of Justice has charged top managers at JPMorgan Chase of market manipulation, Reuters reports. For the better part of a decade, according to DoJ charges, traders Gregg Smith, Michael Nowak and Christopher Jordan allegedly manipulated prices of gold, silver, platinum and palladium futures on the New York and Chicago Mercantile Exchanges. JPMorgan Traders Accused Of Market Manipulation
The individuals under indictment hold high-profile roles at JPMorgan Chase & Co. Smith is an executive director and trader on the precious metals desk, while Nowak runs the entire desk as a managing director. Both are still employed at JPMorgan, though they were suspended in light of the indictment.
Jordan left JPMorgan in 2009 but continued to trade precious metals with in other firms.
The trio is accused of spoofing, a practice where the trader places bids to buy or sell contracts which are canceled before execution, allowing them to influence prices to their benefit. The scale involved was massive, with prosecutors alleging that they were conducting thousands of unlawful trading actions while layering orders in rapid succession. https://thecoinrise.com/bitcoin-is-still-bad-jpmorgan-chase-traders-accused-of-market-manipulation-again/
Oh well, what do you expect from people behind JP Morgan, they made a noise about Bitcoin is 2017 saying nasty things and then manipulating the price in their favor. Now, we see what this company are made of, greedy, manipulators, I'm sure they can pay the fine. But I do hope that their investors would shift their funds to Bitcoin. |
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