Feel worried and being robbed by day traders for they are the only individuals who are earning for their activities. There are huge whales as well who are good in day trading and could relatively move market price of a certain crypto in the market. Thus, could even control the market price of the crypto.
You can do day trading too but if you aren't then it's your choice and you only have a choice to hodl if you don't mind them trading on their own. Besides, this is how the market moves it's either someone or you're the one who makes the first move, so don't be surprised. Honestly, I feel bad though I am not a crypto investor but the uptrend has its unique motivation investors get when it happens. On the other side, investors should be alert and ready for any down trend which is called survival. As long as a person holds coins and do not sell in low market then there is not loss and it will be a big profit if investor make it to high market successfully. So, drop does not matter a lot as long as an investor holds and makes it to bull market so ultimately selling price will be high. |
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It is just hard to imagine that bitcoin is going to reach 50,000$ this year because in the first place, bitcoin really had a hard time breaking the 7,000$ price this year. In my speculation, bitcoin can only reach 15,000$ at the end of this year.
This is irrelevant to say that it will be 50k dollar price in future or by the end of this year and we should think about this prediction that who is predicting this and on what reasons this prediction is based. There is actually nothing and it has been proved that predictions are almost irrelevant and uncertain so this makes that I have no believe on predictions anymore. Now, experts are saying that it will be 10k dollar by the end of this year and few months ago it is 50k dollar prediction so this is something useless to talk about. |
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Weis aims to provide social media and digital marketing services to provide more awareness of cryptocurrencies and how we will reform a user friendly platform to filter the huge amount of information available to those entering the crypto market and to those already operating within it. Ethereum smart contract technology will be used to provide a streaming media platform designed to put new and emerging talent shoulder to shoulder with established artists and household names, and in turn bringing more users and awareness to crypto. However, there are so many more cool reasons why the project will thrive, especially the token. You can check their whitepaper very carefully under the token section to understand what I am talking about. To read up more about their project, please check their website here - https://weishub.com/You can also quickly scan through their ANN thread here - https://bitcointalk.org/index.php?topic=3495546.msg36235747#msg36235747Or join them on telegram to follow up on project updates - https://t.me/weishubNot everyone needs cryptocurrencies. Some people sees it like nothing. I once discussed about Bitcoin with someone and they asked what Bitcoin is all about and after I told them that it was for peer-to-peer transactions, she just said it makes no sense to her cause she can already use her card or PayPal or even bank app or online banking. I just think it’s only those that wants to hide their information that are interested in using cryptocurrency. |
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At present, the market is experiencing a global correction. Someone attributed to this the manipulation of large players, some think that the cartel wants to bring down the market, but that's what I think about this:
1)Earlier when the first crypto currency (bitcoin) was born, there were few about it, that was heard, there were only enthusiasts who were interested in the mine. Here they are the first holders who sold them for 1-10 $
2)Then the game involved people associated with innovative technologies, which had large extra money, that would buy them bitcoin at cheap prices from the first miners. Thus raising the price to $ 100
3)But since after such a surge in prices, the first holders sold all their bitcoins, bringing down the rate. I do not think that in the past years 2010-2014 these were corrections. Most of all it was the draining of the first players who were happy that they sold so dearly. And they thought that the bubble burst
4)But large holders, all bought out and dropped superfluous players. After that, a good news background started, carrying a missile called bitcoin far into space.
5)People have heard from all sides what bitcoin is and that it grows very fast. Without understanding the market, despite the graphics, people bought bitcoins, selling apartments and getting into loans. By that, they carried the missile far into space. But the day came when the big The holder decided not to wait any longer for the end of the galaxy, but decided to sell his bitcoins ...
6)And people bought everything and bought ... And when the buyers were over, the sale of those who bought not long ago began. Then the sale of those who bought at the top was started. Forming with this a snowball, flying down. And now those who did not dare to go to market, not having had time to click on the buy button for $ 20,000 sitting and rejoicing that they did not come here. Sometimes glancing at the low rate
7)But we know that such a low price is an occasion to buy crypto currency. I'm sure that there will not be such prices any more. When players who sold bitcoin for $ 100-200-300 pumping a rocket with fuel began to enter the game. TV to say that the bubble does not burst, but grows. And the race of those who will buy for expensive ($ 30,000-$ 50,000) from those who buy now will begin. The choice is yours when you buy ...
The market is down and I believe that’s what most of these whales want. They want the market to be at a very cheap price so they can be able to buy in a lower price. I don’t expect people surprised as long as they were here last year to see the price get pumped and dumped. If they were to see that, then why be surprise when they see the price falling, they should already know why that’s happening and just keep calm about it. Whatever it is, we better have patience. |
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last year, before i started to buy bitcoin, i knew the basic in trading that buy low sell high, but after the ATH of bitcoin last year, it is hard for me to buy bitcoin, so i go to altcoins that is stating to mooning like bitcoin, but after the ATH of bitcoin and it started to drop down, my portfolio also started to cut into small, then days, weeks and months passed by, there is no progress in the market just all of them are in the dip. i am trying to be calm because my assets are losing, until now even you try to use "buy low sell high" it is not profitable. because some of them are already low and getting more lower.
Actually, I would not say you really learned the perks of trading pretty much because before bitcoin even decided to start moving downwards, it consolidated for a while, and that brought about a comeback for the altcoins which I believe if you actually did sell high you should have been able to increase your bitcoin stash. It is one thing to buy low and it is another thing to know when to sell high which a lot of people out of greed tend to eventually miss those highs at the end of it all. However, you have another chance to buy low now, to make up or possibly just wait for another come back. it is market, it would always happen |
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This is actually nothing new. They actually have mentioned this before in the past, I think it might of been on their blog but they stated many times that the trading for the BTC/USD, ETH/USD, etc pairs are actually done with fiat currency and that they don't allow any trading of tether on their platform, basically no BTC/USDT, ETH/USDT, etc is done on bitfinex.
I think they posted this 6 or 12 months ago when there was another tether FUD week where everybody else was panicking.
But basically you deposit USD from your bank account and get USD in your Bitfinex, if you want to buy some alts on other exchanges like Binance, they will convert the USD to USDT and let you withdraw that.
If you only trade on Bitfinex and never withdraw anything crypto and later on your withdraw your USD, then it will get processed as USD and not tether.
Its all very confusing.
It is all really very confusing and I can just imagine they made it that way so you won't have to question a lot of things while you are still trying to wrap your head around their confusing statements and as long as it is like that, nothing changes the fact that they still remain shady. I even wonder how they are still getting away with the fact of not allowing auditing, and that obviously shows they have a lot of things to hide and possibly they are just trying to cover up their asses based on what happened with the USDT pairs pump recently. As far as I am concerned, their days are numbered. |
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Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.
When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so..
Well if you have no spare coins than there is really no reason to get into the crypto trading to begin with because trading is something that takes time to master. However lets say you will continue, from now on the number one thing you need to know is to not get into these things all together with all of your money, your first mistake was to put all your eggs into one basket. In case of any drops you should consider buying with half, if you bought at 230 with half and than rest with 200 than you will have 215 average, as soon as it hits 216 you are profiting, but now you will have to wait for 231 to profit. See the difference? |
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When something falls as much as %40 and you just watch it go down it kinda is a bit of your own fault as well. I mean I do not want to shame anybody here I have done the same things as well and the market is not making it easy however if you want to be down less than there is only two things you can do.
Get out in the right time if you can which is a hard thing to achieve or you can purchase more and more with more money you get, if you are not doing this as your livelihood that means you must have some sort of income, spend a bit of your income into buying more so that the amount of how much you are down can drop and you can get out quicker when it goes up a bit.
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I once traded in one market and I have stored my assets there and after a few days the exchange could not be accessed anymore and I lost my money there it was an experience that had happened
I like your advice that to be very careful with fake exchange, that is the thing i am doing before i trade, i always make sure that the exchanges is popular and trusted and i am avoiding to trade on some exhanges that lookslike not really safe. Among all the best exchanges there are few highly rated and best recommended but not all are good but satisfactory. Besides these best exchanges we have fake exchanges on internet as well so be aware of such things which is very important to know about it as it can give a bad finish to your hard work. If you want to get rid of such activities then you have to take the ways straight towards best recommended exchanges where no one can scam. |
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it can happen that each country will issue its own cryptocurrency but this is very difficult because crypto is very different from fiat and they do not have full control of crypto money that is why they might prefer to legalize and provide security facilities and services for cryptocurrency.
We are well aware of the crypto market which is most profitable in the current time though profitable but very sensitive as well. If you treat it according to the rules and principles then you can survive there irrespective of whatever crypto coin it is. Many countries are using these decentralized coins but many countries are opposing as well. However those who are accepting these coins are in profit and on the track of success. |
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If an earthquake hits an area, and facilities used in accessing internet connection destroys, internet connection maybe paralized and it will be impossible to access the internet. We can't do anything about it but to wait until everything is fixed and normalized.
Even small technical faults can deteriorate the system and may force you to live in a world with no online links. This is how things operate and if the signal transmitting body is not working due to any reason, of course there is no other way but to fix it. The internet waver are not like the radio waves which can travel long boundaries. They are limited to a given range however if you are using a SIM that has international roaming, using a network from Canada in an area hit by catastrophe in India can allow you to use internet. |
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There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.
This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.
Is this correct?
That’s not possible, it’s not going to happen. But assuming it happens, when there are a lot of lost Bitcoins, I think it will make the price of those available to increase, meaning that Bitcoin will get costly. That Bitcoins get lost doesn’t mean that everything will disappear just like that and there wouldn’t be any left to be used. And trust me, the devs will always find a way to tackle any problem that comes their way. |
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Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.
If you’re still getting to know that the price of Bitcoin is manipulated, then you’re still starting. We already knows that cryptocurrency can be manipulated by anyone as long as they have what it takes. Some people even go ahead to join pump groups in name of making profit from their investments. I believe what these people do is gather money in their group and then invest it to pump price, after that they withdraw it and share among themselves. |
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There are many problems with centralization. For example, central Banks can print money and plunder your wealth without your consent. Your money in the bank is not actually your money, but the bank's liabilities to you. You don't always get your money out of the bank. It's possible that the bank will only allow you to withdraw 60 euros a day, and it may even force you to confiscate your deposits. Private property is sacrosanct, but people can't help it. In the BTC, these bad things will no longer exist. BTC is a monetary system that is completely out of the bank and only runs on the Internet. Even the law enforcement agencies cannot seize or confiscate BTC. The BTC network cannot be blocked unless the Internet is completely shut down.
In the BTC system, you can really control your money, not indirectly through the bank. BTC has used technology for the first time in human history to ensure that private property is sacrosanct.
Even if there happen to be decentralization, that doesn’t change anything, what you have is what you will still have. You don’t sit and be a lazy man and blame it on banks or whoever you want to. You’re here now, so use that opportunity that you have got, rather misuse it. And for the fact you don’t know– central banks do not print money just for no reason, they just don’t print money. You need to make research and learn how it works. A country don’t just start printing money anyhow, if they do like that then their currency value drops. |
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Looks like this price range is a stable price for bitcoin this time. The whole market is still not grow enough and maybe we need to wait more time until new or old investors come again and put money on market, and most of coins can reach over x100 i think. Until then we just can wait.
Yes, it has been stable since long but it will start increase trend only if we investors try to avoid selling for small profit that will enable the price to follow up trend. About real time you are absolutely right about that, we need to wait for some more time in order to make sure our coins gain more value that will make out outcome. After following all this it will payoff the most if you start buying right now. |
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This question about experience. More part of people sell in minus, doesn't matter which analysis used news or techniques. Sell after news is possible, buy a gossip and sell facts.
Yeah you are right, people should not trust in news and predictions because most of the news are baseless and there is nothing like that which is in the news. The same is in prediction. Most of the predictions are against the facts and that’s why I never believe in predictions. I always look the market trend and the demand level from all over the world and take action about my holding. |
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I've often heard that to know that you are a successful trader you have to pull profitable trades in a bear market, not just a bull market. I've been successful during our bear market this year, by using the Depth Chart, or Micro-analysis of the order book. I've set a tight stop-loss at 1% risk, with 1-3% profit exit per trade. I use the principles of compound-interest to grow my btc stack with trades. What are your bear market strategies? And if you are new and lurking and looking to learn about daytrading and have no idea where to start or how, swing on by our discord, everyone is really helpful, and it's free with no obligation for anything. We can help set up that trading plan for you, or even if you don't understand terminology or whatever about trading...we can help. Swing by and say hi, stay awhile and listen, and learn something! Voodoo CryptoBoth in bullish and bearish we have the same strategies we have learned which are the rules of trading so if you know these rules then you will survive in any market conditions either bull or bear. You will have maximum profit only if you buy on low price that will result in saving as well as you will have greater benefit of it in bull market after selling coins on high price. |
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Trading is more profitable than mining if you what you are doing. Mining bitcoin requires a lot of investment and with current market situation it is even no longer profitable.
Yeah if the rate in the market is low, of course mining will not be profitable, especially if the electricity and maintenance costs are expensive. of course the income from mining will not be able to cover that cost. if you have more skills and knowledge about crypto, then I suggest choosing a trade... Trading is better than mining because it is easy to have already existing coins rather than going for mining it will consume electricity and time so you do not have to start mining instead of trading. Furthermore, trading with the Bitcoin will have huge profit if you know the rules and procedure on the other side we have several coins best for short-term so you can also trade with those coins. |
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This is my allocation when I am investing in crypto for the long run.
Since I am a bitcoin hodler, I put most of my money into it. I put around half of my capital on it. 25% of my money will be going to the coin that is on the top 10 in market cap like ETH or EOS or XLM. 15% will go to the coins that are in top 11-50 in market cap and the remaining 10% will be going into the coins in top 51-100 in market cap.
What I buy depends on me but I'm holding ETN at this moment.
Very nice allocation of capital. I have a similar strategy and allocate according to the probability of benefit ratio that is allocate the maximum to the coins that can give away the most. And Bitcoin is the only coin that has been taking majority of my capital. ETH and ripple comes down in the list. They key to success here is to hold these assets for as long as possible for the addition of value in the long run is pretty much obvious. |
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there is no required amount before you start trading start with the low prices and start with the amount that you can face to loose it thats it.
To start any kind of trading you should have enough amount in your hand for not to affect your personal life due to trading. Coins are present in the market on affordable prices so anyone can easily buy coins and can get more profit through both long and short-term trading. You have to start buying right now in order to acquire a better position in the market for you have eyes on future profit that is possible only if you start preparing yourself from now. |
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