In fact, relying so much on 100% correct prediction as a trader would be more like over working yourself. Every trade needs to be well planned before jumping in or jumping out and the caliber of traders that over work their emotions are those who do not always have that planned already but simply just do so much activity on the market that they let their emotions rule them when they should be making good decisions and trade on what they see and not what they feel.

The mistake any new trader will always make after learning some few certain things is to assume that they are going to end up right 100% of the time, and always forget to plan how to exit or stop loss whenever things like that happens. It is a market and anything can happen, which happens in every other market as well, and that is actually the essence of having a stop loss in any market which should even be more important than buying and selling a position.

15th June ? Baseless I must say, because this is 30th of May, and to simply get to that $11500 that you have so claimed, is actually going to take longer than that. Moreover, nothing is guaranteed and some of you that come up with your own theory of the future are simply just saying things you really do not know. Firstly, anything can happen to the market before then, so expecting that there would be a crash at the particular date to $3000 from $11500 is just absurd.

It seems people started speculating on their own rather than depending on any strategy or indicators. I believe innocent people will ignore these kind of speculations. Otherwise, they might be losing rather than making any profits just due to misleading guides from this forum.

That is one definite thing you just cannot leave out. As long as you cannot thoroughly analyze the market, you are just going to end up in a situation where you are just simply gambling. The good thing about knowing how to do some analysis and make good use of indicators is so that you are not making decisions blindly but you are at least, using what you see to make those decisions and not what you feel. A lot of people have lost so much before they just cannot stick to this simple thing before hitting an exchange.

Competing? I cannot see any competition here as far as I am concerned, and if you think it is by manipulation of price based on its growth in value, then I must say you must have underestimated Roger Ver and the huge position he had in bitcoin which he must have moved into his own alt.

Bitcoin cash was never a problem to the growth of bitcoin and by the way, even bch is really feeling the heat of the market as well presently. BCH is never a threat to bitcoin and if that is what you think, then, you are really mistaken. By the way, I like how you called BTG pretender as that is basically all these forks are including BCH and they really have nothing to offer.

I expected you were going to say the cancer in our midst are the CME and CBOE that came up with the future contract and seems more like the market is having the hand of the biggest manipulators in the industry. However, 2018 is still going great for those who understand what the future holds.

Yes, it is a good tip for investors but not mainly for traders. ICO may be a huge risk, but that does not mean you can stay away but instead find a way to play safe by doing proper diligence before investing into any market. The reason why some people always end up victim of scammers is just because they look at the physical appearance and not the inner one like the team, availability of product and so on.

Still, in trading there is a lot of risk as well, and this is the reason why you still need great knowledge to be able to do it well as well, while including something’s to build up your skills in making good decisions too.

I like the aspect of not believing too much in technical analysis. I learned that the hard way in my years of learning how to trade.

The most important aspect in every trade is stop loss and a trader should always play that out first before even entering a trade because most times, even TA can fail you when you think the signal is just right for you to get into a market. As long as you have a strategy, emotional control will be so easy and knowing what to trade as well is always important, most especially coins with volume.

The market obviously cannot keep going up and it is normal to have some correction as this is just simply a market like any other market. Ethereum has had a good time going up and it is about time to have some retracement before trying to see if there is any possibility again of going further.

The main reason noobs always panic easily at times like this and start doomsday theory is because they always feel market should always respond upward in the short term and never change trend.

That is it, but the main thing is choosing the right ICO and what he just did is even going to result in his first mistake by asking on a public thread if he is making the right move. People in this forum these days do not give a damn about whether someone is making the right decision, they are only after increasing their post count and the OP being a new guy should take this into consideration.

Do your own research about the team, the product and the future potential and take your own risk based on that. The public won't be there when you lose a lot of money, and same people who told you to go ahead will tell you how stupid you were to fall for that same ICO if it ended up being scam.

Yes, I am not sure how the ripple market is going to end up anyway, but there may be some possibility to see it do great. Personally, I do not like centralization and since Ripple is a centralized currency and some shady stuffs which may be going on unknowingly by the devs, I always want to stay clear out, but as a trader, as long as it brings some short term movement, one can say there could be a possibility for it but from the whole list, EOS is my top pick.

Market is changing but when it comes to the movement of altcoins, I really do not see anything changing that much as they are still in a way affected by bitcoin price movement and I do not want to be missing out on selling at a huge great price at the end of the day and thinking that the market will just be there sitting and waiting for me to take out profit when I should have. If you want to trade, then do so but be ready to learn and if you want to hold for as long as you can and miss out on those short terms as long as the trend changes, then be my guest.

Losing money is basically like what would be one of the painful moments for anyone in this space either directly or indirectly, lol. I remembered in my early years when I was a victim of MEW phishing scam with about $3800 worth of tokens as at then, and they all zapped.

It is still very painful for me till date because by now those tokens are worth a whole lot and some of them have increased hugely in percentage even with this dip but I am still happy that I moved on, obtained more tokens, waited it out, learned from my mistakes and that $3800 right now is like a chicken change.

I am sure he must have derailed or probably getting himself confused. Although I understand what he is trying to say anyway, it was just that he did not get the right idea to put it down. Apparently, from what he is trying to imply, the use of cards, POS and so on have brought about cashless age which could be considered as a way in which people no longer hold physical cash anymore but what he is mixing up is that digital currency is far from that which he probably need to gain knowledge about before embarrassing himself next time.

Adopting crypto is a gradual process and obviously we cannot just expect the whole world to just embrace cryptos immediately. Some would be slow to embrace, some will be fast to embrace and that is how adoption of technology generally is.

There is going to be a huge level of restriction to some of the underdeveloped and third world due to lack of resources such as access to the internet and so on, which would make virtually most of them still stick to the traditional way without knowing what is going on in the digital world.

The best way to even explain all these is that, the volume that is being sold may not actually be bought by one single person.

Some are bidding to buy at a lower price and more like an auction market, until you offload your bitcoin, then you may have to keep selling to those who are bidding lower for it and if you see the need to offload it all at once, this automatically drives down the market generally. The market cap is not that huge, so it is normal to see things like this happen.

No one knows and if you really do not believe in the future of what you are holding, I really do not think you should be investing as that will set in a lot of emotions for you in the long run and rather than trying as much as possible to buy the dips, you are concentrating so much on the current price and how much you are missing but not how much you can be profiting hugely at the end. No one knows what the future holds, at this stage, just be buying what you can afford to lose or just stay out of the risk involved.

Who knows? It may actually be anything and could be way far from the news. It is funny the way the market has played out for a while that even with all the sentiments around with some feeling bullish and some few ones feeling bearish, it just seems the market is not even ready at all for any form of bullish moment anytime soon and all that we can see now is just the bears taking the day. We cannot say for sure how far it will fall, but only time can give us that.

I am not even seeing strict regulations in most places, except just few ones that simply would not have caused such a crazy move in the space downwards. The gospel truth is that no one knows what exactly may be going on generally in the market and sure, all these FUDs may be the cause, but I just feel since the appearance of futures and some of these big institutions, a lot of things actually changes with the market movement. I may be wrong, but that is what I feel.

There would still be some people who would see it as an easy way to evade tax system and probably be able to cover up their tracks and get away with it. Governments still get value added tax from goods purchased anyway and that is something.

Moreover, I believe there may be some system in place eventually to help track some of those things, but this is based on assumption as I cannot think of one. Who has the tax paying helped anyway, except for some set of thieves using our taxes to enrich them-selves? In summary, no one cares about the government anymore?

Definitely a pretty hard core one. It is more like the topic that is on the lips of everyone all over the tech space. A time will come when everything will become digital and blockchain as well as AI would have entered each and every sector all over the world that it would bring about a very appealing market in the long run. Over the world right now, there is a lot of research going on utilizing blockchain and AI in the real world and with all these things coming into fruition, it would be an amazing one.

Asides that, I feel the whole thing have so much gotten to become an issue that most traders already fixed their mind to and with that sentiment ongoing every time, there would always be that pattern happening. There is already that generally spread mentality about bitcoin affecting the market either is a bear rally or bull rally, and it is usually negative, but traders are the ones who make quick decisions to opt out of alts in this kind of stuff so as to be able to gain a good ground with the knowledge that the alt market will start dropping anyway and this is the issue that makes supply to shoot up and then a lot of reds.

I guess that is where the OP missed that particular point. You really need to learn the use of indicators, and some analysis to be able to make some good decisions in the market and without that knowledge, every other tip he has mentioned will not even work for any trader. It sounds so easy and can help anyone make a good trade, but not a good decision as that can be done only with some level of knowledge that you could only have gained with what you have learned.

That number seven actually summarizes how to simply trade the altcoin market asides some of the strategies you will also need to use to trade. OP did not add always learn before you start trading as that is the only way those strategies can end up working for you anyway. Having a strategy will help you know when to enter a trade, when to active and where to set your stop losses no matter what without any form of emotion in your decisions.

There is one thing with bitcoin trading and that is to follow the trend. Yes, technical analysis can really show one signal, but that does not mean the market cannot show the other way. For instance, the market is showing some form of bullish divergence on the 4hr chart, but at the same time, we still cannot just forget that there are some resistances proving stubborn and not being able to break them will make us to always go test the lower support or even break it. It is just a matter of knowing what to look out for and trading on that.

This dip is a really good time to buy. We are still in a dip with no one knowing if we will end up going lower or we may experience a bounce and then get to see the market doing great eventually. Time is all we have and for someone who cannot trade anyway, there is no point waiting than just to keep buying bit by bit as nothing is certain at all in this market. A lot of people thought the result of the consensus can actually cause some move but here we are .