I understand what you are trying to say. You are saying if every trader know and understand an indicator then every one won't make a mistake to lose his money. For instance if every trader know that RSI overbought or over sold is exhausted, the everyone knows the reversal time, I believe this is an example of what you are saying but I use to think like that too sometimes in the past but I tell you it is not possible for everyone to understand a particular way of indicator just like it is not possible for everyone to be profitable or profiting every time or the same time, you must have winners and losers differently at the same time.


Indicators don't become obsolete because they are already made like that to be like that for you to change it from default settings or leave it that way depending on your strategy and the way or time you use it on. For example I don't see what is obsolete in bb, SMA, RSI,MACD, fractals or parabolic SAR. It is only you to work on it to change the settings and the time frame you use it.

Yes limiting their country does not affect bitcoin itself but the coins in  the country. So they can regulate the use and what else to keep people away from using it but other countries will conveniently keep using it. I think it is not nice to ban bitcoin in a country because it will prevent the youth from openly investing into it and make profit like some others. It is a set back to have a decision to prevent youth from investment in bitcoin.

You are also right and it is also good to play safe just like you have explained because that is playing safe. It is better to have your funds intact than to carelessly lose it. Traders can choose to follow whatever trend they deem proper but I won't have to long a short position because of expectation of bull in the future but we don't know how long the bear will drag with our funds disappearing. In this kind of time, I will have to stay outside to keep my fund for another chance.

I don't think mindset is only what you need to trade but I believe greed is the main cause of losses. Mindset is not taken as a strategy rather the indicators are what you need except you are talking of emotions which is subjective in trading. I think the better part of trading is achieved with training through demo and experience through live trading.

I don't know how concrete this information is but it will be difficult for that to happen because the public is really watching to see the scenario that will finally play out in the case.. Those who have some criminal or embezzlement records with him would not show up because they will avoid the public from knowing their names and tracing their role in the crash.

Why not ? If the price of bitcoin is down doesn't mean the next minute will turn bull instantly. All it depends on is the trade's strategy to know if the price will soon go up. In this case RSI is a good indicator that can help to indicate the over sold so that you can prepare to exit the market. Because sometimes the market stay bear longer than expected and traders keep eating from it.

I appreciate your ideas to this thread but I still believe that we have majorly three types of trading and they also cover this three that you added to it. Like for example with position trading, it is same as swing trading because it is a longer expectation of trade order. For diversification, I don't think this is specifically for trading. Or at most trading in different coins is expected in trading not just one coins. Buy and hold is not trading, it is just as DCA.

Forex trading companies are the set of acclaimed traders that have bastardised the forex trading market and made people think of it as perhaps scam. They give so much hope to people and collect their money to trade for them, promising 100% profit daily, weekly and monthly and this is never possible. These people can't trade but only gamble with the money, initially they could be gambling correctly when the market is not volatile but on a volatile season they begin crashing down. It is better to allow people to do their trading by themselves, make their mistakes and learn from it and by that they understand that trading Forex market is real but not easy so they decide to stay or disappear from the market after burning out their finances different times.

Is this an expert advise? We have to be guided with this little rally and resistance that bitcoin has done since the last week. It is true that the expectation for bitcoin this month to drop has not been felt but notwithstanding we don't have to jump in all in all for the expectation for bull early, at least DCA is still a better pattern to hodl.

The youth make up the greater number of the world population and in some countries 16-18 years is already independent of the family and that means they have to food and survive by themselves. Survival comes down to being able to get a job but such 8 - 5 pm jobs are to exclusive reserve of certain people this means larger population have to look for other ways to survive. I think the working at home stuff got more attention from the covid-19 pandemic where many people started surfing the internet to find more ways to survive and fortunately cryptocurrency market was already existing and so it became a good option or alternative to surviving.

For now DCA is what a good and determine trader or hodler should be doing because the price is quite low and with the little move we are seeing since a week after that FTX scam seem to be settling its dust. Maybe the confidence after that incident is growing again. This is December and the price has appreciated hitting $18k few days back, the new year may take another turn.

I don't think anything is wrong with the withdrawal in binance. Traders and investors may want to play safe by taking out their coins with the recent crash of FTX that many people have blamed those leaving their coins at the exchange. It is already a lesson learnt and some hodlers in FTX who still have account and coins in binance may not want to take another chance. Again with the festive period of December, we can expect some kind of rush.

This is not about not being able to beat them because the government can not crack down on the blockchain technology, this is a fact in the surface of the earth. If they are chasing bitcoin, they are only chasing the shodows because nothing will come out of such. Bitcoin is now more than a dacade old and I'm sure this is out of the reach of government.

Don't be too hopeful for the month of December because it usually don't have bounce up but lower lows. So except you are expecting a down for the month so that before the year run out you will take the opportunity to enter. However this year may be different because by now we are suppose to be in red till the ending of the first quarter of next year because of the activities of December and busy btc withdrawal.

To know the trend of the market is a good strategy and this will help you not to trade opposite market. Trading opposite market is the reason for loses. So shorting a bear market will get your order filled faster and you cash out. I believe the aspect that you don't need to waste time in the market to take your profit but some order takes longer time for it to go your direction. In any case, ideally I stop my order before the next opening of trade.

You don't have to dream to sell untasted and unproven over time pump to people. You are still under the trier and error techniques so you need to reach a near perfect and tasted strategy before dreaming of making money from it. You said you are still learning, so how can a trader rely on the information you want to give to them? So perfect your plans and strategies first, no one want to waste their money.

What I know that worked for A worked for B in this light as a rookie or newbie in any field is sacrifice. In every aspect of life and work practice, rookies are less sort for so what I know they do and has worked is that they do alot of sacrifice. Even in the medical profession, they are the one doing almost all the tedious jobs. In freelancing, some work for free only to get known and showcase what they can do.

In physical jobs graphic designers, photographers do alot of jobs and display them on places that they can be seen and now they put some on internet. The buttom line therefore is about sacrifice, don't always look for big paying jobs but you need some smaller works to keep your identity going until a time you get your big break. It is always a gradual process with life and that is why as a baby you have to learn how to seat, craw, stand, walk before running.

I think the simple moving average (SMA) goes with time like any other default indicators in the platform. You can only try to adjust the parameters and understand it to yourself the way you have adjusted it but you still have to understand that the shorter time frame gives a view of what is to happen at that time and longer time frame is the expectation based on that time. I use it for a longer term like 4hours, 1 day, week and month.

But whether you are a successful trader or not you are not focus only trading. It is good to have different options of financial stability and not to rely on one side. You can quit the boss job no problem but you have to involve in something else that will supplement for your at the down times. This is important because such times are always to be considered in life. Trading is an area of livelihood business that also would give you the chance to involve in other investment.

If lawyers are calling you for the FTX exchange scam to institute a matter in court to get back what you lost, you still have to be careful not to be scammed again. The people calling may also not be lawyers but people aiming to scam with that way. When there is issues like this scammers also see it as an opportunity to scam you more. If they are asking for you to give your consent to go to court, be careful not to send money to them if they are requesting for it.