Such a mindset would indeed cost him a lot until reality sets in for him. Not just the crypto market, but every other markets where buying and selling takes place, there is no foolproof strategy that never losses, though some strategies can be said to be more effective than others. For instance, if you can become quite knowledgeable in the way Pivot Points works, you would be steps ahead in winning more trades than otherwise.

Indeed another laudable milestone accomplished! I see minimum bet stays same across all your supported coins, that would appeal to lot more players. Exchanging Dogecoin to other coins is not integrated yet, do you have that in the pipeline?

Looks to me you do not give much attention to your RSI, else the subsequent long positions you took should have waited until market is oversold as above and that might mean, you also missed good and less risky entry point.

Waiting perhaps till the price hit $19k again  I suppose he meant to say, HODLing is a better choice than trading in a bear market, but I want to say that trading offers at least twice as much benefits except when it is not backed by sound knowledge and skills. A trader is a holder, but a HODLer is not necessarily a trader.

Calling a spade a spade, majority of so called traders are not literate enough in trading and many got here owing to FOMO. The solution is in stepping backward to get properly equipped with the right knowledge and skills, because trading is an art that needs to be learnt. HODL is not trading.

As for profiting in a bear market, yes profits can be made in all kinds of market, by applying appropriate approaches and techniques. One approach obviously would never measure up, which unfortunately is what a lot of traders have got.

ETH still got lot of potentials and a future! Whenever you're privileged to get some at a very reduced rates, don't pass it up! Beyond that, you shall need the virtue call patience, everyone, whoever made money in whatever field of human endeavor, got it.

They certainly are special and you can tell that much if you ever tried hunting for one. It doesn't turn up that frequent and the guy above was indeed super lucky. Maybe you can hit a few and show to us how easy it gets with you?

Looking forward to see Doge come on board, it makes a more discrete sense!

Quite impressive, I must say and going through your posts, one can see how the journey to BTC2.9 was made possible from BTC0.29, keep it up! I relish the part, where you nonetheless create time for family. That's exactly how it should be, when we make all the money without family to share it with, then are we really poor.

I want to know though why except for Dash, you seem not to be interested in the more established coins, which obvious should have more liquidity?

Here's what my take in the above trade formation would look like - coming from a Head n Shoulders formation.

Summary is, trading is not unhealthy but approach can make it one. Some people stay glued to their trading screen almost all day, chasing every movement albeit noise in the market and taking in those daily doses of omg, ahaaa, geez, wt#, etc. Those are what stress feeds fat on, but they are avoidable and one sure way is to plan your trade and always trade your plan. Profitable opportunities will always abound in the market, so no need trying to catch all in one day. Take a walk often, go be with family and friends and once your computer or platform is shut down, also shut it down in your mind.

Lastly, form a habit of withdrawing part of your profits and give yourself a treat - life is for the living.

Yes, there is certainly a method in that madness, $500M bet on Bitcoin to rise does not happen every day. It either confirms Tether is on fire or Bitcoin is finally geared up for another bullish run. Experience from trading shows that breakouts don't just run along, they mostly retrace to test and even retest the prominent support level before giving it a run, so let's wait in excitement as the days go by.

At any rate, selling Bitcoin at peak prices for Tether and buying them Bitcoins back at lower rates is a smart and profitable move to take anytime Bitcoin loses steam.

That's inexperience and greed at work. Couple of projects have had successful ICOs, because the exponential growth in value of Bitcoin and lots of altcoins turned the crypto market to another gold rush. Some ICOs even cornered more than their projections and now instead of turning that a blessing to the underpinned projects, it metamorphosed to a jinx, because the developers still jaws wild open. I know of Two-TV that short changed its bounty hunters, when it came to rewarding them for promoting their brand, someday they would understand the harm in underestimating the community.

That's hitting the nail right on the head! In the first place, one should be wary of any project that failed to hold its own, when it had a 100% chance of doing so. It's not the same thing to describe them as undervalued, because they are not even valuable yet and any more funds thrown in their direction, most likely would be good money after bad money. Profits only come about, when there is demand and supply and if there no people willing to buy from you, you're back to zero.

Better to stay on beaten tracks and especially as almost all the established coins can technically be said to be undervalued at the moment.

Going by your query, I see there is a lot more you need to know to survive the hash reality of the crypto markets. If you know the things that made Bitcoin #1, then you're half way into what to look for from a crypto with potentials and there are many of them out there, but are probably oversold at the moment, you'd step and walk over them while searching. Suffice to say the answer you seek is hidden in the knowledge you acquire.

Yes Bollinger bands is one utility indicator for ascertaining when to take a position in the market. I usually verify their signals by also throwing in RSI or Stochastic in.  Usually a good buy is whenever price approaches the lower band from below - usually after a breakout had taken place.

We were trying to run away from Shylock banks and now we're having to contend with exchanges. Withdrawal fee of 100k Satoshi when transaction fee is only a few thousand Satoshi is unexplainable. I most of the time have my coins exchanged to Doge, before moving them out of the exchanges and that saves cost for me.

Is that really a positive news for the cryptocurrency markets? All I see is same old story of liking the blockchain technology, but hating Bitcoin and it looks like the Federal Reserve bank of India are about to add a more dangerous twist to the ugly situation by setting boundaries for their proposed coin.

I see OP did not say anything other than drumming up belief and support for Bitcoin from each and everyone of us, instead of folding our arms and waiting until institutional investors swoops in. Bitcoin is a competition to local currencies and we can be sure most countries will never legalize it and won't ban it either. It's up to us to start creating more businesses around Bitcoin and before long we'd be stimulating more demands and it gets better from there. We have not done badly so far and Bitcoin would soon be 10, but we can do much more!

When you deal with well established exchange or brokers, KYC, doesn't come up until the amount involved goes beyond a certain significant level - big enough to finance crimes not when peanuts are involved. Bounty hunters are promoters not investors and they hardly earn something significant from the campaigns, so asking KYC from them is a misplaced priority or a clear attempt to defraud.

You can tell a project is calculating to scam its bounty participants, when at the tail end, they start asking for KYC even when they said otherwise at the beginning. They know most bounty hunters would rather not go through KYC and so they end up not getting their rewards. Now, what's that, scamming of course! A project like Two-TV  did as much, till this minute, they refused to make public, the bounty campaigns spreadsheets and then slammed KYC to get rewards, they'll reap what they've sown.

It's true banks and governments acceptance of cryptocurrency would boost the mass adoption, but that won't be the end of the story.It would also mean the governments finally got Bitcoin where they wanted and the price would now become what they wish. I see it not going down well and to a very large extent, Bitcoin was created to bypass banks and governments.

Hello Coolwave, do accelerate this transaction please:

70b426c8b67924240ed6619284d553778605dfefad4065a1acb7bf4f26fb07d6

Thanks!