I prefer to trade mostly BTC-based pairs as well since my only goal's just to accumulate and more Bitcoin, so just trading through BTC pairs eliminates any fees I might have to pay to convert USDT or USDC or any other stablecoin back into Bitcoin. I still do trade with leverage on sites like Bitmex for pairs such as BTCUSD simply because I've got good experience with that specific pair and I know how things go with it, but typically I do still trade most altcoins against BTC.
Okay, I personally hate USDT with a vengeance, they are a company that stole billions of dollars from people and they didn't get caught or jailed or anything, they are not even sued as far as I know right now because they did their shady business very carefully. We are talking about BILLIONS here, in order to make that much money you have to make 1 million dollars per month for 83 years just to tell you how much that is, and that is just 1 billion, they had some change as well, so they got away with 100 years of 1 million dollars per month type of money. So, I would definitely use bitcoin to trade and don't go near USDT, however there are other more legit stablecoins people use and I may understand where they came from, its easier to live with fiat than bitcoin because world is still mainly fiat.
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Trading has always been difficult, hindsight is 2020 so when you do end up looking at what the prices was years ago you may think to yourself "I wish I bought at 33 dollars" but unfortunately as the people who lived those times I can tell you that we didn't see it going up this much neither, some of us bought around low levels and price went down so we cut our losses and considered it money lost, I personally got some bitcoin cheap but it went up so I sold it for a great profit but nowhere near these levels because that increase was good enough for me.
So, trading was always difficult, it didn't became difficult only recently. Focus on making a bit of profit, just a tiny bit, or try to just hold your coins, that is the only thing we can hope for these days.
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Considering there are a lot of resistance at around 9 thousand levels (couldn't figure out the exact price) we still have a long way to go to break those levels. I would love it if bitcoin could go up right away like it used to do but nowadays there are too much money involved and going up means a lot of money spent on increasing the price and not easy as it used to be.
Yeah, it is still not impossible, sure it is very doable in an unregulated market like bitcoin but at the end of the day as long as the amount of money sold around those levels increases, the amount of money required for those levels increases as well. After we break those levels tho, it is easier to go higher up, I know after spending all that money on making it that high may cause us to slow down but if we could break it and then continue it would be easier.
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If paypal was perfect, we wouldn't need bitcoin to start with. Many many many business' have worked with paypal has complained about how shady their business practices are and how unfair they treat the sellers which is why most of them even stopped using paypal.
Right now, paypal doesn't even worth as much as it used to worth and if it was something huge and people loved it and they were perfect, you can be assured that a company that is bigger like google or apple or whatever (even facebook) would have purchased them long ago for billions to make sure they control the online payment world as well but paypal sucks so there is nothing that can include all the world in the payment systems, hell there are NATIONS banning paypal now, they are THAT bad and I am 99% sure they will be bankrupt and gone in couple years.
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It is really not a good look when people imagine there are secret wealthy trying to move bitcoin however they want. It stops people from making their own movements because they are afraid whatever they do, there could be some wealthy individual or a group of people who are looking to make the opposite thing.
There are no people who can overcome all of us together, if we all came together for the same time and bought bitcoins like crazy, even the richest people on earth can't stop us, there are not enough bitcoins in the world of wealthy that they can sell to stop us, this is not fiat, there are limitations and you can't create bitcoin out of thin air or print them to stop poor to get rich. That is why there could be some rich folks playing with bitcoin but not big enough to stop all of us if we could just manage to get together.
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For someone who just recently learned about technical analysis I should say you did a good job, those are very close numbers (or exact numbers could be as well) for what the support and resistance is laid right now which is probably the most important aspects of crypto because those are the numbers we can go up or down to easily yet hard to break when we reach and also easy if we could break those numbers as well which makes the decisions of buying or selling around those numbers very easily.
For example, if 8100ish prices are resistance, then buying at 8200 is smart, you could buy from 8200 and will be able to profit until we fail or succeed until 9300, if we fail you can sell, if we go beyond that you can keep it until next till we can't break any resistance, same method for selling and buying at support levels and if we go below them.
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I still think that bitcoins best kind of profit is only when you hold long enough, for the past 10 years that showed to be the greatest profit you could make. I am not saying it is always a great idea, yes if you bought from any price above 7 thousand dollars you are not profiting right now but also looking at the past 10 years there have been a total of maybe 5-6 months with any price over 7 thousand dollars, rest always went down and down, so maybe just because there was a small period when price was higher shouldn't affect peoples ideas that holding is a good strategy.
I still have some bitcoins aside and I will keep growing that as much as I can, I don't care if it goes under 3 thousand one day, I will keep getting more and more because I know when that skyrockets I will be capable of retiring.
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City could have played with 10 man on all game (which basically is what happened) but reality is they played dirty and thats how they got what they deserved. Wolves was basically the much better team, Adame Traore played like this was his best game ever and honestly dude is moving to a superstar level nowadays.
I feel like this summer some huge team with billions of dollars will probably pay an unreal amount of money to get him and wolves will have to accept because of how much money is offered. Plus they were 10 person but they got away with one goal, if Ederson didn't get that red card, that would have been a very very easy goal for wolves so they exchanged one red card for one goal very early one just like a chess game, would they prefer that? I don't know.
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I think the "honest" part of the casino is found now, they are charging a loot more on their house edge compared to other houses and they are telling you that they will take your money away faster than any other website on the planet and since they don't lie about it and they are actually telling how high their house edge is they could be considered honest.
Normally, if you charged anyone this type of insane high house edge, you may want to lie about it since you wouldn't want people to run away, but they seem to not care about people who run away from the high house edge so they just tell the truth about the insanity of their house edge. Shouldn't that be considered a bit honest at least? Kinda feels like a scammer who tells you "I will not pay you back" and being honest about it.
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Christmas was over now and all wolf.bet did was add in xrp into their website and continue the infamous 1000 dollars daily race.
I am not going to argue against them because they are literally going to give away 365 thousand dollars per year, that is more than most places give out in their life time, hell most places have marketing in the sense of "if you can win it, you take the reward, if you can't it is free marketing for us" type of stuff, like jackpots are jackpot for a reason, it stays in their account for so long that dudes could even make money from interest rates by the time the reward is requested (at which time they will say it is on cold wallet and withdraw from the interest and then pay you) so long story short wolf.bet is much better than almost 99.99% of places when it comes to giving away... but not a single promotion on Christmas does look really bad.
I would assume the best case would be having an extra competition, that way wolf.bet would have some sort of return on their investment as well. Just to give an example, lets say they give out 1 bitcoin for the winners (doesn't have to be 1 bitcoin, that is kinda a lot but it is an example) and they made it heard weeks beforehand so that everyone knows there is a 1 bitcoin give away from the website to anyone who participates right? That would yield with at least 1 bitcoin lost just to wager enough and participate in something like that. We don't know if the gamblers will win money or lose more than 1 bitcoin and that is a risk that wolf.bet would have to take in that situation. However if gamblers lose more than they win, that could be both a profit for wolf.bet AND a great marketing.
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are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?
The only available way is learning and practicing various trading secretaries and analysis. Until you gain confident on your trading skill, do not trade on actual markets (while you were trading, you must have focused on learning and analyzing yourself too). First of all, take a break and relax and find time to figure out what you have misses and where your trading turned wrong. Self-analysis is more important to prevent future mistakes. Instead of correcting your mistakes and looking for new ideas will not work for you rather than it will lead to further losses. Better stop you trading right away and sit and analyze your each and every past trade which will definitely help you to derive your own idea for better and profitable trading.
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It is not just the problem in yobit exchange or for their signature campaign participants but it is like a shame some service providers are making use of withdrawal fee as another income source whereas they are getting plenty of commissions out of their actual business. I mean even network fees are too low (thanks to segwit), few service providers (in few categories like exchange and gambling, I noticed) still look for earning in the name of withdrawal fee. They are taking fee while trading or gambling still keeping withdraw fee higher than 0.001 BTC is really ridiculous.
Those service providers indirectly enforce people to adopt some other coins and preventing people to transact in BTC even bitcoin tx fees and time of first confirmation are much improved in preferable manner in recent times.
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selling it now seems feasible, the increase has reached 5% from below support, selling and buying back when prices are low is in my opinion very good to do now If you want to take that profit, you can sell it off right now, but if you can wait for more, then I guess that your profit will bigger although there is no guarantee to you for making a bigger profit. I think you can try with scalping trade at this moment because if bitcoin price can increase, you can sell some bitcoin to make a profit, and then you can wait for a while for another dump that will happen later, so you can get bitcoin at a low price. After that, you can wait for another increase in bitcoin price so you can sell it again. If you can rinse and repeat this, I think you will make a bigger profit. I would suggest selling at 10% profit at any given time if you are looking to be a trader. Anything above 10% is just risk and if you sell it that much then putting a buy order at a 30% drop of value is also a great idea. So, let's say you purchase bitcoin at 100 dollars, if it goes to 110 dollars you should sell, if it goes to 70 dollars you should buy more. I know purchase average dropping has been a topic for many many times and people are sick of hearing the same thing but it is talked about that much because it works. I don't understand why people are worried about becoming rich over night or they are investing with all their money all at once. You should put a bit of your money in (probably less than 50%) and if it drops you can buy more, if it goes up a bit you can profit a small bit, if you continue doing this all year every year, you will retire early. Yes you won't be able to buy ferrari and live in pent house etc etc but it will be a better life than you are living right now.
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Looking at what has happened in the past 10 days, bitcoin rivaled going under 7 thousand dollars, moved upwards to 7500 levels (got very close) and now back on closer to 7 thousand dollars once again. I am not entirely sure what bitcoins next direction will be but it looks very very stuck. It can't go up, it tried but there was a huge sell pressure that made sure it dropped back and didn't go above 7.5 thousand dollars, it tried to go under 7 thousand dollars but everyone just got together and bought bitcoin as much as they could so they stopped that too.
Now, that we are stuck between 7 and 7.5, there is only one thing I am 100% sure will happen, a HUGE move. Anytime bitcoin price gets stuck at any price at all, the price just goes up or down like crazy, and I mean 30%+ moves, so I am not sure about the direction but I am 100% sure it will make a 30%+ movement out of nowhere suddenly.
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Maybe there is absolutely no correlation and maybe we are just forcing to find something that is not there. Sometimes the market needs to find someone to blame for the fall, for example in September when the price went down everyone blamed BAKKT for their horrible start, now I am not saying that drop wasn't because of BAKKT but we can't directly find the connection between the two, all we know there could be some rich person who sold thousands of bitcoin at the same time as a coincidence?
So, same goes for here, bitcoin went up like crazy just 2 years ago during the Christmas time and made the all time high, that means if there were people who always sell their coins during Christmas to cover the expenses, they didn't need money 2 years ago? There was no Christmas on 2017? Could it be regarding Christmas? It could be, but we can't say it was %100 because of that.
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Arbitrage is not huge in crypto world like it is in forex world, there are a lot of people who are hired by banks to take advantage of arbitrage between nations and considering there is a big competition even in that it is not easy to do that very well and some people are the ones who lose money and others are the people who win that lost money.
In crypto things are unregulated so you might consider arbitrage as more of a possibility here but the truth is since it is unregulated there are people who do shady stuff to take advantage of that arbitrage before you can. I have seen people who literally dropped the price from a profitable number to a negative just to get rid of others and brought back to profitable and took his profit, lost some money to get rid of rivals to profit in the end.
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Maybe there are superb movements on December because it is a decision time for many people? Think of new years resolution, that means on December there are a lot of people who are trying to start the new year fresh and they are trying to make big decisions that will affect the whole year. Sure, most of us fail and stop, I have quit smoking on the new years probably 10 years in a row now and I still smoke, hopefully one day I will quit.
However, bitcoin is not like that, it is not a continuous problem that people have, if you want to quit bitcoin you just sell all your money and never look back (or maybe you can come back later on) or you may just want to decide that financial freedom is too important and you want to get rich too. So, every December (and even November) there are big moves since millions of people make decisions collectively about bitcoin.
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HSBC is a British bank from headquarters if I am not wrong. So, that means they are not a Hong Kong bank like the name suggests nor they are a Chinese bank. When you look at it as a British bank that has nothing to do with the governmental approach of china or the protests of Hong Kong people you can realize why HSBC is favoring the powerhouse here and not the protesters. It is obvious that bank wants to be sided with China who would be making them more profits and not care about the small time protesters that may not help them at all in the future.
I can understand the naming of the bank should give them some loyalty but this is a bank we are talking about and they will always favor the party that will make them more profits over humanity any time they are tasked such a decision.
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The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
Governments would never allow bitcoin to be that strong plus there is absolutely no tips that USA is considering something like that. Right now, all we have is couple of laws that are supportive of bitcoin and couple of states that allow taxes of bitcoin to be paid in bitcoin and that's about it, nothing else has occurred to show that as a nation they are supportive of bitcoin that much. However, there is a big chance that bitcoin itself backs one currency in the future, like Venezuela or Zimbabwe type of horrible inflation countries could turn into a crypto nation from the people itself instead of governments because there is enough bitcoins or crypto to go around the people and those people may start accepting crypto as payment and leave their own national fiat aside.
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Nice poll, but easy to manipulate. You should have added a poll in this thread as well. Maybe the understanding of the OP was to share this question everywhere so that poll was created somewhere else but if you ask me the best case would be creating the poll here. If you or anyone ever creates a poll here that would be really great, at least we would know who gets to vote and what not here and that would be great. I wish with ALL that money theymos got from the VIP he sold back in the day, he would improve the forum a bit, he didn't improved it at all and it is the same website that it was 5 years ago for example, if he improved it a bit I would say maybe create a voting that would just for legendary accounts for example? Think about it, a poll that is only open to legendary accounts would be so valuable because we would hear from people who are actually here for bitcoin and not for marketing.
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