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701  Economy / Trading Discussion / Re: Tether Treasury Mints Another $60m USDT!! is it going to effect bitcoin price? on: March 12, 2020, 07:50:03 PM
The graphs of supply of usdt v btc often show this trend, I don't know how the correlation has gone recently, but in the past when tether saw a spike in its supply, btc took a few days to follow so it'll likely still be doing the same again.

If anything it opens up an increase in liquidity without having to kyc and go direct to fiat as its a half way step... And more liquidity generally means a safer looking investment.

It recently seems that with so much volatility that usdt vs btc relationship is very tight, and from what I've seen today both varied quite a lot though how strong their dependencies are I'm not sure about. At this rate, it would seem logical to assume that whatever happens to one the opposite effect will follow shortly on the other one. It also looks however that all of the markets are in the red zone, so good time to buy in but not so much for selling!
702  Economy / Speculation / Re: What is happening ? on: March 12, 2020, 12:42:35 PM
Honestly, there is so much going on in the market that, I think every little tweak leads to market price change  Shocked
Like for instance, the stock market has dropped by a significant amount, and while this should not cause any crypto market changes, it may have some effect.

In addition, the volatility between stable coins like USDT and the non-stable coins is also huge and every time one shifts in one direction, the other moves in the opposite direction - a negative inverse relationship
703  Economy / Trading Discussion / Re: Best way to buy Bitcoin (since halving is coming) on: March 12, 2020, 10:15:00 AM
Hi guys,

I live in Florida, and I would like to buy Bitcoin now.
I want to get some 2 BTC.

Where should I look for sellers who can accept cash?

First of all, I think it is a very good idea to buy in the market now because after all of the coronavirus thing, together with the BTC halving event, the market, in my opinion will recover to hopefully a new high. As for the transaction for cash, you'd have to probably resort to meeting in a public space, face to face, having some security in place and do it that way. Cash transactions are less easier to do since it takes a little more effort!

Good luck, though!
704  Economy / Service Announcements / Re: Forget about exchanger search! Use BestChange! on: March 11, 2020, 09:18:00 PM
All these major news about the acceptance and the potentially wide-usage of cryptocurrency is very welcoming.

The fact that some of the leading developed countries support this technology, like China and the US, hopefully would lead to a 'domino-like' effect whereby more countries recognise crypto and decentralisation as the core for economic growth and future financial system, and thus work towards their adoption.
705  Economy / Trading Discussion / Re: Is it true that Corona Virus may effect trading? on: March 11, 2020, 07:51:52 PM
Is it true that Corona Virus may effect trading?

Is it true that Corona Virus is affecting Cryptocurrency trading? If so then I have some ideas which may help to prepare the vaccine in short period of time to control the Corona Virus. However I am unable to find a forum where I may share my ideas.

I think by now I've come to terms with the fact that the COVID-19 indirectly affects trading simply by altering people's mood and, also given that some countries experience a large number of infected people which won't be in work means that country's GDP will go down.

In effect, this could lead to some people being more cautious when it comes to trading, either due to mood changes or else financial reasons.
706  Economy / Trading Discussion / Re: Why not decentralized exchange..? on: March 10, 2020, 03:49:35 PM
Decentralised exchanges do exist but despite they are not popular among traders because the transaction time is not quick at all, and imagine for a second that you want to buy/sell at a specific time while the market is still favourable, having low transaction speed/rate would therefore be a problem because by the time the order gets executed the market might have changed. One factor regulating or determining how fast these transactions happed is the low volume available on these exchanges which again comes back to there not being many users. The way I see it, this is a circularised problem
707  Economy / Trading Discussion / Re: How cryptocurrency arbitrage works on: March 10, 2020, 10:24:47 AM
The screenshot will of course show generous profits otherwise there will be no point in showing off this arbitrage bot. The question is really how reliable is this result? Has there been a test run to see what the percentage rate of gaining profit is over losing money?

I'm sure that with all of this market turmoil even bots can often get it wrong, but how much it deviates would all depend on the algorithm used to run the bot.

708  Economy / Trading Discussion / Re: Why is everyone expecting continuous growth? on: March 09, 2020, 10:36:54 PM
The expectation of the market going up has historically been related to the much anticipation and hope of many crypto enthusiasts. And not only that but people have also found from looking at previous market behaviour from the past years, and observed that there is a trend and thus people expect that to hold true.

However, now there is a completely different story, and the much anticipated inflation in the crypto market price is revolved around the BTC halving event which by its economic definition, in simple terms means that due to shorter supply, demand will increase and thus the price is expected to rise.

It seems though, that for any major skew of the market price there's always a reason which ties to the demand and supply. For instance, the crush we're seeing now is believed to be a 'money laundering' effect which led to millions worth of BTC being dumped on the market. Thats said, there always seems to be a factor driving the price, which sooner or later becomes common knowledge among the crypto enthusiasts.
709  Economy / Trading Discussion / Re: The End of Crypto Signal Groups on: March 09, 2020, 08:08:19 PM
I just published an article about how it will soon be the end of crypto signal groups. Check it out and let me know what you think!
The reason why they went out of business was mainly due to not having a decentralized version of doing it. I remember one telegram group for pump and dumps that literally picked which coin will be pumped and dumped by just the last digit of a litecoin chain and that was actually not a bad idea, nobody would be able to get in early and everyone had equal chances. Now pump and dump is not similar to signal groups I know but there was similar reasons why they got burned out as well.

Signal groups were the same, some people got it early and bought, others got in too late and burned out, which resulted with only few people making a profit and most of the people losing money. Also most of the calculations were based on charts and we all know charts were not a good indicator most of the time.

Exactly, just because the people in the group didn't react on time when the market is in bloom, hence great advantage move for traders, doesn't mean that signal groups aren't working or are of not good use. In my opinion, they are but here's an idea rather than 'villainizing'  them if I can call it that, why not instead incentivise them a little  Huh

Perhaps their fame can be re-introduced by providing a better, quicker way to reach the others, like using a different medium, but to be fair it is all down to the unexperienced traders who clearly should first check if the market still holds the favourable conditions before buying/selling.
710  Economy / Trading Discussion / Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month on: March 09, 2020, 12:33:51 PM
If you've already made 12 BTC profit then 'hat down to you', must really know the market well, but dar I ask if this success continues even with today's market. Crypto has now seen its market below the $8000  resistance point, one which most of us thought was quite strong, do you tend to trade at these times of chaos as well or do you take a more linear approach whereby you standby until you seem signs of recovery?

Obviously, you seem quite experienced in the market, otherwise you wouldn't make that much profit and an answer to my query above will help out many fellow traders!
711  Economy / Trading Discussion / Re: So are we in bullish times or Not?? on: March 08, 2020, 10:29:31 PM
Things don't always go according to what we want, especially in the crypto market.
Crypto market always works on demand and supply. If there is a good reason for people to buy crypto then the demand will increase which will spike the bullish trend. Right now, the upcoming halving is a good reason and I think this is why BTC was raised to $10k.
May be people took profits and hence it had a fall in the price but I see bitcoin slowly recovering in price.
If we see more positive news in the market then may be the stability will increase and we may see more increase in bitcoin's price.
It does not seem to me the market is trending anymore, we are seeing some important movements but as soon as there is a movement in one direction it is immediately countered by a movement in the opposite direction, we had a few positive days and now we had two negative days that have basically evaporated any profits people had during the previous days, when the market is moving like this it is preferable to stay out of this if you are a swing trader but if you are a day trader these can be great conditions to trade since there is a lot of daily action you can use to your advantage.

In light of this original post being made days before the recent crypto market crush, it is fair to say that until today we were in a slow but somewhat progressive rise but given today's circumstances the opposite is true.

I do agree that no matter in which direction the market is heading the opposition/resistance follows almost immediately but the danger with that is that nobody knows exactly how strong these resistance points are. At the moment $8000 seems to be it, but because nobody knows when, or if it will go below that, people are still in the risk zone for both buying and selling, thus the market remains as indeterminate as ever!
712  Economy / Trading Discussion / Re: Bitcoin was $3,871 on this day - 1 year ago on: March 08, 2020, 08:15:58 PM
Like most of you on here, I also do think this new BTC price drop is another market correction proceeding the BTC halving event.

I'm not sure why this is happening or what's causing this drop but what it can be said so far is that in comparison to the other cryptos BTC is still among the lowest drops in the market. Having said this it seems to me that this may be an opportunity to buy at a new low before it recovers again, of course, it is difficult to say when exactly is best to buy or how low BTC will go but one can only take calculated risks.
713  Economy / Currency exchange / Re: I have PayPal balance i want ETH or BTC on: March 08, 2020, 05:02:50 PM
Hello. I have paypal balance, verified account and i want to buy eth fast, maybe btc but i prefer eth for now
My paypal is verified and the funds are in the account balance not from card.

Please send me a msg on telegram if you want to sell me eth btc for paypal. I want to buy 200$ worth of crypto.

my telegram : @marian12022

Heya, I'm just curious, is there any reason why you're not using exchange platforms? There are many reputable ones out there that support instant transactions and usually its very rapid also. I usually prefer using them over finding random people which of course you'd need to trust them with your money, and sometimes an escrow could be arranged.

For me going down this route its much more complex rather than doing it over exchanges where at least the different platforms have been verified and there will be no need for an escrow or other checks.

i have paypal balance and i want to buy btc or eth with it. can you recommend me a site where i can buy with paypal? i don't know any..

You seem close to desperation to make this transaction, and in my reply from earlier as to why would you use people to do this, I can share with you platforms where you can pay with paypal in exchange for crypto.

This article highlights the good and bad, so to speak, for buying crypto from these sites, source to the article can be found here: https://99bitcoins.com/buy-bitcoin/paypal/
This is a comprehensive list of exchanges where you can buy crypto, BTC/ETH etc using paypal: https://www.bestbitcoinexchange.io/payment-methods/paypal/

Best of luck!
714  Economy / Trading Discussion / Re: Brought Bitcoin in 2017 and sold in 2018 on: March 08, 2020, 01:37:32 PM
Is this an issue of luck? I doubt it, it's just an example of a person being scared of risks but still being pushed into buying for the fear of losing out and when realising that the market may crush selling it all out. This is why one must not act hastily and assess carefully what action they should take before they're taking it.

I'm afraid this is just a lack of knowledge combined with fear rather than luck! It takes time, knowledge and courage to profit from trading, irrespective of the trading level.
715  Economy / Trading Discussion / Re: Does the bitcoin price go up and down correlation to the stock market? on: March 08, 2020, 11:43:15 AM
Like what I have said previously in related posts Bitcoin and the crypto market has no direct correlation to what is happening in the stock market right now. While we both are being the demand for its supply the stock market is affected by external factors outside of its demand and those external factors are of the company itself and the economical performance of the country itself, crypto on the other hand is less affected by those and mostly affected by the direct demand for it. That's why we barely see the crypto market and the stock market have the same or nearly identical movement. So basing your trade just because one market is bullish or bearish is something a careless trader would do, simply because it will be hugely inaccurate.

I'm of the same opinion as @Harlor here, in that there doesn't seem to be neither a cause and effect nor a correlation between the crypto and the stock market. This can easily be tested by making a stock market prediction but if one was to follow crypto and predict the stock market will realise the relationship does not hold true at all.

This makes sense because if this correlation were to exist traders would instantly work that out and always apply it, thus getting huge bucks every time.
716  Economy / Trading Discussion / Re: Leave crypto trading in lost condition is not an option. on: March 07, 2020, 11:20:28 PM
There's no need to chase your losses just give it up already and call it a day. It's not everyday you will lose in trading, some people may not have the talent to look at the charts but with constant try while practicing of minimizing the risk. It is likely that the trader will soon become a successful trader. The answer is to seek knowledge while doing it with a constant practice and I'm sure you will not gonna believe where you are after that.

Exactly, we all know when we should cut our losses and call it a day, but the reality is that we don't because we think that with that next round there will either be a recuperation from the current loss or that there will be that next big reward everyone dreams off. It's a limitation that sometimes we don't even understand ourselves. And traders are no different, or immune to this type of psychology!
717  Economy / Trading Discussion / Re: which bitcoin trading platform is easy and reliable on: March 07, 2020, 09:22:50 PM
The thing is that many people use different platforms as that's what works for them and they found easy to use. From my experience, I found both Coinbase and now more recently bestchange, as the ones which work for me, as in my line of work the two complement each other well!

I would advise though, that from the list of platforms provided from all of the replies, you should try out and identify which ones work for you, and don't go in blandly trusting everything people say on here... Just a word of caution  Wink
718  Economy / Trading Discussion / Re: 5 mistakes every crypto trader should avoid on: March 07, 2020, 02:19:12 PM
That's the thing with us, Humans we have the elementary awareness of what's good or bad and for some reason some of us still stride towards the bad thing.  Greed is one of them and I'm sure most of us on here, in a nonobjective scenario, know exactly what to do and what the rules are but yet most of us struggle to apply these rules.
Like, how many times have you said to yourself this is the last round but then you still found yourself still doing that thing whatever it was even after the 3rd round or so? Being disciplined is very hard, especially when you don't have anyone around you to stop it.
719  Economy / Trading Discussion / Re: New Charts for Technical Analysis on: March 07, 2020, 09:58:56 AM
But is that free? Like there is no limitation using it?
I think that is not free service because upon trying to visit the site, it says I need to subscribe to the premium to use the filter. So, it's totally paid service. Hopefully, there is a free trial even just an hour of reading the price chart and probably OP gives an update about this. I like it too because this indicator is easy to understand no more lines interrupt upon reading the indicator.

Technical analysis(TA) is very important in trading but other's problems are dont know how to use indicators. Because it is very hard to understand for them reading a chart. I think this one will be the answer, it's very simple and clean to read.

I'm not surprised that you have to pay to get access to the TA volume chart analysis this guy has made. He seems to have spent some time researching, thinking about this and implementing it for all of us to use, at a price of course, so the fact that he's upright charging for the service is only right and it indicates that it is all likely legit. Unlike many other who claim they've done something and its all free, it is then that I become quite suspicious  Huh
720  Economy / Trading Discussion / Re: How to learn bitcoin trading? on: March 06, 2020, 10:20:04 PM
Keep being curious and asking questions, keep being interested and even by the fact that you're posting on here is something. Honestly, most of the learning occurs online from fellow traders or from webinars, reading charts, blogs and articles. There are tones on each of these types of info online so you'll never fall short of them as long as you have the determination and drive to learn.

Ultimately, though, you learn much better by doing micro-trading but I wouldn't recommend that until you're already covered some ground work!
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