Bitcoin has gone through its extreme highs and lows this year. Researchers are predicting it o go back again next year.
I think bitcoin is very low this year and everyone thinks it's the end of bitcoin. and many people get losses not profits. bitcoin is experiencing a lot of decline, but next year we hope. Its not actually very low compared last years lowest look at the charts historically Its a healthy chart of being bullish from the beginning of Bitcoin those people who losses are the ones who buy at the peak where in BTC is about to go down 2018 is a year of initial adaption, Exchanges and ICOs and regulations are taking places once stabilized we will expect a stronger Crypto |
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Though i don’t really use this everytime i trade because i make sure that i have enough time to focus totally
Confident on trading Yes, I do this in normal tradings however when it comes to margin, its a different story Stop loss is a must, its a part of risk management else, all funds in an open position might burn |
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I have a higher Electric rates about 0.21Kw/h
Been mining CN-H algo's with 480's, optimized doing 90-100w
and still, getting some profits, not that much
but is enough to continue mining operations
For me mining still worth it for the miners who has existing and paid off rigs with lower power rates
However, as the concept of adding new rigs, at this point I just prefer to buy coins
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~snipped~
Good pointers indeed but most beginners today are not used to read every cautions before doing trades. So for me, I want to see them experiences those losses in the early phase of their trading journey so that in the future they will do something to prevent or minimize it. Their experienced will lead them to automatically known those pointers above if they are really eager to pursue their trading career. As mush as we want to help newbies to experienced mistakes, it can't be prevented. Sometimes to become professional, you must know the feeling of being in loss so you will understand what you are really doing. Newbies should expect a loss, that's so normal what it should take into consideration is the amount to be burned however, if the amount is too small, often times those fail trades are forgotten, and if its a big amount it will be remembered sometimes getting the pain will be the best teacher and experience |
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I have gone through the entire posts on this thread and I can say the knowledge gotten is gold. Just one question I have in mind, how do I place trailing stop losses and by what margin do I it to stay in the trade please? I've heard difficulty with this.
for margin trading I only use Bitmex Trailing stop + sign for long and - for short Ex. present price 6600USD, if you set +10 or 10, you can only do Long position and will trigger at the price of 6610 with -10, a Short position that would trigger 6590 I would suggest to take the testnet before doing an actual trade on this, as there were times that trailing stop wont guarantee an exact price expected |
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Atriz is also a great CM and been worked with him before
btw, Hope we could also get the owed post from week 7.
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Early birds catches the worm
However you have to choose a decent worms as some of them might not as juicy as you think
More often on the early stage a mere challenging buggy coin wallets is a headache
However I agree on the benefits as it would pay a great profits
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Doing everything requires the accumulation of knowledge. This is the most basic requirement for an industry. If you don't know anything about the industry, then you can't participate. Blind participation will only make you lose.
Doing everything requires the accumulation of knowledge. This is the most basic requirement for an industry. If you don't know anything about the industry, then you can't participate. Blind participation will only make you lose.
It is in Nature for a person to check and research on anything seems new Drastic decisions is purely discouraged here in crypto world every actions you take should be in calculations and not with emotions sometimes participation will make you gain knowledge, than doing nothing at all |
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Sometimes you can find you'a late from the Buying zones recommended,..don't panic wait for its correction then enter especially if the targets are not reached!!
If you don't know what those Target means or refers to then I guess FOMO will not avoided a typical beginners mistake don't worry, they will learn it eventually There is many chances in the trades if the market is promising!!
Don't jump to the trade that have arisen for more than 5% because its initial take profit for Whales!!
Learn to Protect your capital!!
Let's trade safely!!
More often If I'm late at breakout, Waiting is gold |
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A lot of factors For individuals, might be the lack of information what crypto is, and what it could do to financial institutions For Governments, Anonymity and decentralization is not yet acceptable For Corporations, Disruptions, competitors are seen For us crypto users, its an opportunity  |
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There were a lot of competitors emerged
And I would say, investors has now a lot of choices on a particular tokens and technology approach
ETH new and existing investors are also keen on this and might switch to the most profitable technology
Adding up BTC price dips that affected almost all price cryptos
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"The 3 Golden Rules"
1. In trading/investing/gambling (whether forex, stocks, crypto, sports betting, etc): Invest only what you can afford to lose. It could be an initial step for beginners but if you are already an expert trader, this rule will be override and will aim for much higher investments 2. Don't blindly follow any expert's advice, do your own research. Only you will take responsibility for your losses, not the guru. I'll take it as one of the news, fuds, at the end my TA's will be followed |
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Is it safe to trade on bitmex? 1) I have experienced most of the times that the liquidation occurs very often and this rises a question if bitmex is real or fake.The second reason is whenever the market is down or hitting low prices the drop in bitmex is very huge compared to other exchange.This points really rises a doubt in my mind regarding the reliability on bitmex.  Extreme volatility would caused the frequent liquidation on this type of exchange And exchange Volume will speak itself on its Market price, if its high volume expect a differences in prices compared to other exchanges 2) I am not sure if trading bots on bitmex are real or not.  These were raised a lot questions to traders however if you look closely, its a possibility of being there is and there's not One thing for sure that this exchange is not for newbies |
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Make sure to include social signals in your trading. What I mean by social signals is when the founders or other influencers post about your coins, take that into consideration and act FAST. Never be greedy when it comes to trading on social signals.
Make sure you're following all of the coin's social media. You can profit massively this way!
this is good but not on its own because these "social signals" you are talking about are most of the times fake hype that will also fail to succeed in pumping. of course you shouldn't confuse them with the nonsense random people post. for example a coin developer may hype his coin and release a bunch of stuff but it may not lead to any kind of rise. because the market is going the other way for instance or the coin was just pumped. in short you should only take then as a small possibility that may or may not happen. then you analyze the market and charts to see how possible it is based on the ongoing trend. More often social media signals are in vague statements that seems in safe side Its a take your own explanation things that a newb usually got misinterpreted Instead of relying on the signals, Learn from their materials I've seen a lot of social media groups posting strategies that were helpful understand the markets |
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Snip**
2.5% is nice, but sometimes you have to take a 1% gain to avoid taking a 1% loss, and if you set your exit just above 1% it covers the trading fees on binance. And if I make 3 trades at 1% in a day, which is, most of the time pretty easy using the depth charts. I like to look at the total BTC on the order book cumulatively of over 100BTC in Bids/Asks. That way the faking out of the order book isn't as easy, and whales have to dump large or buy large in order to move it much. Also if the Volume is over 1000BTC/24Hr is another one of my rules for trading a particular coin. For example the only coins right now on binance for considering a trade in are : ADA, TRX, ZIL, FUN, XRP. That's how we get around the misleading of the orderbook. Much better if you could mix other indicators to prove your decision together with orderbooks It could help you out where the market is truly heading and may avoid contradicting whales I am using orderbooks as confirmations together with other 3 indicators |
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I think it's very valuable if you can buy coins that have such cheap prices and you can use them to make a profit.
Yes you are right we should buy the coin which can give us profit for holding, now a day if we find or search the market so we will see the best coin among all now a day is one and only bitcoin, it has great opportunities to increase the price and get bigger profit for us, we are living in modern age where all of us should have such facilities as bitcoin and investments in forum of money. Under 1$ token or coins gives a much profit opportunity however careful which coins you want to invest with as we speak, Its a continuous reminder to do research market caps, Fundamentals, Devs, whitepapers its a bit tedious however for sure it would give you a decent returns |
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Thank you for replying so quickly!
1.- Would you rather mine or invest into crypto directly? With the current market condition, I would rather buy decent coins than mining
2.- Do you recomend me to mine bitcoin or is it even harder to make money trying to mine bitcnoin? (I focused my "research" on altcoins, so I have no idea of the technical difficulties of bitcoins)
There are online calculators out with corresponding mining difficulty to verify which would be more profitable to you and is way relative with your electricity cost https://bitcoinwisdom.com/bitcoin/calculatorhttps://whattomine.com/3.- About the last and penultimate answers; Is it impossible to make money mining altcoins or just very unlikely? Cause, what I understood with that last answer is it might be possible to make money (what I want is for it to make me any money. If it repays the investment sooner or later is of less importance for me, for me having invested 10k dollars and not making money but loosing it even more is a full defeat while making little money and repaying initial investment in two years is only partial defeat, partial victory)
Though if I just buy a 200/300€ GPU and it turns out not to be proffitable it wouldn't be such a bad thing cause I guess I could use that GPU for gaming (always optimistic)
It is unlikely, and not much if there's any, mining is digging/finding a gem, a lot of miners seek this and its not as easy as you think |
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I think this incident happened with every trader! It is a normal matter in the crypto? Sometimes your favorite coin may dump to bottom, sometimes your ignored coin may pump to the sky high! So, you shouldn't be upset, because now you know something how the crypto market goes and how to manage it! At least you got some profits! One day, you will make huge profits, no worries. Best of Luck.
Yeah It's exactly a normal thing. If there's no pump and dump, traders can't earn profit and exchanges will be gone. It's like playing puzzles where each coin have the turn when he will be rise and I thought it will also depend on their community or their supporter. Missed the train ride and became upset? its what you called a FOMO Don't let that eat you up, there's a lot of train still passing by Timings are sometimes connected to luck, however it doesn't end there If you woke up and forgot to set things up, stop limit/stoploss, etc.. then its a lesson that should be aware of |
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Do not hesitate to start trading, wrong in trading is a natural thing for people who have just started trading. That's because to be able to get profit from trading requires a process and it will definitely take a long time. My advice if you are afraid of experiencing losses when trading, it is better to trade in small amounts. That's because if you fail later, you won't lose much.
Please, I will advise anyone to be hesitant when it comes to them trading immediately as long as they are certain they do not have any knowledge of how to trade. I have seen a lot of people say you can just hit the exchange and start gaining experience, but that is a foul one. It is more like you going to the court of law to go represent someone legally without even knowing what being a lawyer entails. Being new to trading should make the person see it as a profession and be ready to take that mindset into seeing the need to learn as much as they can, and practice severally to build on a strategy before even making an attempt into the real trading world. Hesitation doesn't mean a hindrance going in a court I'll take it as going in war zone you have to equip yourself in preparing for a big battle small battles will give you a decent exercise,practice and will get you pain a bit Small battles - small amounts, learn TA's, FA's, document mistakes and assess your skills at the end of the day, check yourself If you are really entitled to become a soldier Otherwise, trading is not for you |
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Ethereum gains a lot of support and popularity as it said to be decentralized blockchain comparing to BTC
while ripple is opposite and made an attempt on banks using using blockchains
However investing wise is that these two will not be ignored
I'm just getting more profits in xrp for trading than eth as of the moment
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