Latest posts of: Chinocshyp

Recognizing a good time to sell a coin depends on some factors which include (but not limited to) the future of the project, technical analyses, future development plans, the current phase of the market cycle, etc

THE FUTURE OF THE PROJECT
For a project that has a bright future, the right time to sell the coin would always be NEVER!. yea, you heard me right! a project with a bright future should be held for the future. Personally, I never get rid of a token unless I feel it would end up being a shit coin. Holding will benefit you in every way. even you can't hold all, hold at least 25%. your future self will thank you for that.

TECHNICAL ANALYSES
Ignoring technical analyses is always a mistake. if you are a good technical analyst, you could wait for a good period when you think the market will fall before selling. you could even decide to buy later if you have a trade setup.

FUTURE DEVELOPMENT PLANS: If the projects have any future development plans and you know they are serious about these plans, it wouldn't be a good idea to sell so soon.

giving the nature of human behavior, restoring confidence in cryptocurrencies shouldn't be that hard. The past years in crypto has been filled with weak hands and inexperienced traders. even though the current market still has inexperienced traders, the market has gotten more mature than before. To return the confidence in crypto, projects must now focus on developing products and services whose tokens have immediate utility. Less and fewer tokens are built on hype. Investors have become smarter than they used to be. Gone are those days when people just simply buy into every project they come across. things have now changed.

To revive the interest of investors, projects have to start keeping their users in mind. This is very important because every investor believes that real productivity growth of any start-up comes from its users, not its speculators. The projects investors look for nowadays are projects that have a real use. Not projects that make noise without releasing any product.

Eventually, though, it would do everyone good to have confidence in crypto. this is like the internet repeating itself

Nice principle. I have a couple of principles too. principles are important if you truly want to be consistent and trade the market the right way
some of my principles are as follows:

1) I never use leverage: leveraging in crypto trading is no doubt the largest killer of accounts. It's beyond a reasonable doubt that most the traders who use leverage in forex would lose eventually. I try to stay away from leveraging every single time. As I have said before, there are enough gains - enough to guaranty equal profitability, even without leverage.

2) I stick to my strategy every time. I never ever change a working strategy, no matter how lucrative it would have been to. the thing is, usually spend 6 months testing a new strategy before I put it to play. but when I do get a good strategy, nothing can make me change it unless its's another strategy I tested for another 6 months that gave me a better result. I can't overemphasize the importance of getting a working strategy and sticking to it. the market is too random for you to change strategies every time. sticking to one strategy is your best bet to getting a good ROI long term.

3) I ignore a currency if it has news attached: rather than try to long or short the news. I simply ignore a currency that has any upcoming news attached. this has kept me away from a lot of bad trades. an example is BCH before the fork. everyone thought bch would moon just before the fork. but I stayed out. however, two weeks before the fork, bch went up over 70%. people felt smart for buying, but I knew there was a problem on the way. 5 days before the fork, bch crashed over 80% n bitfinex and the trading even had to be stopped. neither buy or sell the news. simply leave it as it is.

I don't invest in icos. I simply decide to trade or hodl them depending on how good or bad they perform in the markets. The problem with ICOs is that they tend to give to bonuses to their investors who are bound to dump those tokens in the near future, once they launch on exchanges. Also, a lot of projects have very bad marketing teams. Let's be sincere here, a project with bad marketing is bound to fail. most projects that succeeded in the markets now where hyped. No matter good a project is, it will still not get its rightful place in the markets if there is no hype around it.

What I think about ICOs is that only those that truly want to use the tokens and those that are willing to invest long-term, should buy into ICOs. It would be a really bad idea for someone to buy into an ico, hoping for short-term because they will most likely not get it.

Most investors ( especially the large ones) don't invest for short-term gains. they would have done large research on a project before investing in it. a good idea would be to target the projects where those large angel investors put their money. that way, we can be sure that we are putting our money in a place that has been proven by great investors.

Well, one lesson I'd like you to take from my post is; a bear market is never friendly for a bounty hunter. when the cryptomarkets where booming btc was 18k, some bounties actually gave out high allocations of up to 7 million dollars. it was easy for them to pay this since they themselves raised 10s of millions of dollars. I'd say i benefited from all of this. However, most of the projects whose bounties gave hight allocations ended up crashing in the markets. while those like icon who gave very little actually went up more than x10

So, bounties with large allocations made me profitable. however, that was because I sold right after they hit the markets and invested in more promising cryptocurrencies. I have this rule of hodling only bounty tokens I know will have a great future. Other wise, I sell. It would be a bad idea to neglet bounties with little allocations. they might actually be your gold mine. take bnb for example. it has on up x300 since they did an airdrop of 100$ for users.

The best thing, in my opinion, to do as a bounty hunter is to think mainly about the possibilities of hype and success for a token. The best of bounty hunters do bounties, not based on allocation size, but based on the future potential of the project.

Yeah, I fully agree to this. Many ICOs aren't really a scam. however, because an ico couldn't reach a hard cap (probably because of low marketing efforts, people suddenly conclude that such ICO is a scam. since 2016, I have come across good projects that didn't succeed because they couldn't reach a soft cap. I have also come across scam projects would succeed and boom before revealing their true color. an example is bitconnect, a ponzi scam which ran away with people's money.

In essence, suddenly concluding that a project is a scam without any clear proof to justify such accusations is bad. It's beyond a reasonable doubt that some projects where indeed create to scam users. but that does not mean all projects are the same. Special attention should be given to bounty hunters who have become automatic "scam meters" of projects. because an ICO didn't pay the bounty hunters early, they refer to these bounties as being a scam. However, need I remind you that many projects hardly reach hard cap nowadays, because of that, it is hard for them to actually pay bounties in full.

I think it would benefit us all to stop seeing all projects as a scam and start searching for the good ones.

Yeah, I think it would go beyond 10k. However, It has to come back below 5k in the near future to wash out all the greedy traders - because everyone cannot make money.

Based on my analyses, even though the price has been moving very high, the volume hasn't been that impressive. With the price currently sitting around 9300$ There is no doubt that we will see 10,000$. the question is, what happens from there. The smartest of traders would get out early and not leverage at this time. because, trust me, leveraging at this time will bring peril to a lot of people.

Everyone believes btc will hit 100k+. I believe it too. it will most likely do so. but this is not the move that will take it there. BTC could certainly go higher than 10k But I'd advice traders to be careful. I am sure the whales are gearing up to drain as many traders as they can lay their hands on.

In this situation, there's one best thing to do.

holders: for you, the long-term gain is what you crave. my suggestion would be for you to keep holding or sell half of your assets and buy lower.

margin traders: All the best for you. you need to be more careful and set a tighter stop-loss. I'd have suggested you stop margin-trading, but I believe you know yourselves better.

I completely agree to this. for bounties and new projects to stop, blockchain itself has to stop - which is virtually impossible. Bounties have become a standard way of advertisement in blockchain and in the right hands, can be a very awesome advertisement tool. However, my concern now is this - how would you be able to fetch out the real bounties? How will bounties be limited to a few users in the future?

A lot of new bounties have sprouted out within the past six months. however, 80% of them are either a scam or wouldn't keep to their words. picking the best of bounties has become quite a problem. Even though bounties will never stop coming out. people will soon lose interest in them if there is no mechanism set-up to regulate these campaigns, filter out scam and ensure that bounty managers actually pay the hunters for their work.

As for new projects, their fate is the same as that of bounties. In the coming few months, you would see a lot of new projects come to evolve. however, fetching out the best projects is the hard part. but I believe with a little bit of research, and doing your due diligence, you will eventually find your way around.

I will go with little reward, less value. because, let's face it; most bounties that offer you large rewards mostly ended up becoming a dead project, However, some hyped project like icon, binance etc who didn't really give much, went up a lot. binance did an airdrop of 1000 bnb in 2017. at the price then, this was just worth 100$. however, bnb has gone over 300X since then. that 100$ would have been around 35,000$ at the current market price. that is how things work - quality matters. A lot of bounties will offer millions of dollars of bounty reward when they themselves are unable to raise even up to 1 million dollars. why on earth will a project pay you a 5 million-dollar bounty when they themselves couldn't rase up to 1/5th of that!. I have missed out on very good projects because their bounties weren't as lucrative as others and I have myself to blame for missing out on the bull run of these bounties.

My advice to bounty hunters is this: do bounties for a project with the aim of being an investor. Ask yourself - if i had the money, would i invest in this project? do they have a good team and a good future? if your answers are no, then chances are, that bounty is not worth doing afterall.

Funny you should ask. Before I became a successful trader, I have lost... countless of times. However, each loss has helped me in improving my strategy. What I have realized in my 4 years of trading is that you will lose, eventually. However, your next step of action after every loss depends on how much percentage of your account you lost, which in turn depends on how much you risk per trade. a person who loses all of his accounts entirely is most probably over risking/overleveraging. I have heard of traders who risk over 30% of their accounts per leveraged trade on bitfinex. That's hilarious!

So, yes, I have made a lot of losses in the past. However, I have moved past that now. I still make little losses of course. But these losses are very minimal and take a very insignificant part of my account. however, when I do profit, I profit big.

the key is to find a strategy that allows you to win big in case of good trades and lose small in case of bad trades. that's what my strategy is all about. Also, i simply don't leverage anymore. that's because in the real sense, leveraging in crypto can stop you out in a matter of minutes because of the high level of volatility. Hence, with this volatility, you don't really need leverage to make a lot of money.

I hope you get back to crypto-trading soon. however, this time, it may be better for you to use a broader approach and think long-term.

Well, my thought is this: everyone who doesn't believe in blockchain technology now will one day swim in their own tears. Of course, crypto time is not over! as a matter of fact, it is just beginning. crypto market crashes, just like crashes in the stocks and forex markets, are a healthy phenomenon. This occurs to get the bad ones out of the markets in order for the markets to get mature. Eventually, the crypto markets will be filled mainly with investors who truly know the utility of the tokens. that is when the real mature blockchain boom will occur. for now, all that happens is speculators focusing on market sentiments to determine the direction of price. this won't last for long! eventually, the real users will come, leaving these speculators at the back. when that time comes, only those who invested long term will rip the benefits.

So, is crypto a scam or a way to make money? well, it depends on how you would want to make the money. If you decide to go long term, build a blockchain skill and be ready to work, or maybe you want to invest long-term, then yes, it's a way to make money. however, if you are the type that wants to sit down and have money flow into your account without much work, then no, it is not.

I say yes and no. I think it's too late to judge. I'd have said an outright no if BNB had decided to remain on ethereum blockchain forever. however, now that that is moving to their native blockchain, it would be a tug of war. this is because binance would now have a lot of autonomy as to how to tweak their platform. eventually, they might even decide to do everything ethereum can do and more. However, when scalability issues are taken into account, ethereum's scalability might be slow but would be huge. ethereum might be underperforming now, but i have the belief that it is building momentum. ethereum has a lot of features which a lot of us don't even know about yet. there is no doubt that ethereum is not as fashionable as some other smart contract platforms out there, but ethereum blockchain still has a lot to offer in the future. hence, I believe it's too early to say for sure whether BNB will beat ethereum.

Depending on how much crypto specialties you would want to cover, I'd say 2-5 years.
First, you need to get the general concept of blockchain technology. edx has a wonderful short-course on this. that course is free to take and would enlighten you on how blockchain works. trust me, you would want to truly understand this if you want to be a crypto consultant, regardless of which specialty you choose. this should take roughly two months

Some specialties you might decide to look into include

crypto marketing: to become a crypto marketer, you need to be a good copywriter. I'd recommend makepeace course on copywriting. then you need to learn about facebook ads, seo, bicointalk advertising, and email marketing udacity course or HubSpot free courses are a great start.

Crypto-economist: the success of any cryptoproject depends on their crypto-economics. deciding to become a crypto economist keeps on on the verge of being a hot cake. to become a crypto-economist, you can start by taking general economics classes for free online.

I agree with that. I first started as an unprofitable trader though. Then I moved on to bounty hunting where I made a couple of thousand dollars and head over to professional training as a trader. ever since then, I have channeled my bounty money into trading. however, it's sad to say that bounty hunting is not as profitable as it was a couple of years ago. This is partly due to the fact that more and more people are getting into the bounty space, hence reducing stake rewards. however, all hope is not lost because I'm sure that bounty managers will soon come up with new ways to filter out the bad bounty hunters. for example, a council could decide to organize the bounty hunters certification where only certified bounty hunters will be allowed into certain bounties. this helps to ensure that only qualified and experienced bounty hunters take part in the bounty campaigns. However, I still do bounties when I see good ones.

I have gained money with a lot of coins. However, the coins I have gained money with include:

BNB: I mean, this gave me an x40 return and that's because I didn't get in at the earlier stages. BNB might have made me a lot of money in the past, but that is not the end. with binance coin being the native currency of binancechain, I see BNB hitting 100$+ in the future

COUNTINGHOUSE TOKEN: Actually I got 3500 of CHT during their bounty. they are a hedge fund that use a special kind of algorithm to remain profitable. the price was just around 0.5$ when i got the bounty, but now, the price hovers around 3$

ONTOLOGY: got into their airdrop. as at that time, the value of my airdrop was 900$. but ontology saw an x10 growth and sent the airdrop level to almost 10,000$. Ontology is still a great buy now.

ethereum: bought ethereum at 0.8$, sold at 720$. hence, that made me quite a lot.

surely, crypto market will survive the blockchain isn't just another rubbish like the tulip mania! It's a new revolution that is already adding real value to the lives of a lot of people including me. the use of cryptocurrencies has gone beyond being a mere ledger. Its utility has spanned across virtually all sectors. Here comes the best part; with the upcoming US economic crisis which is inevitable, investors will need a new quantum of solace. they will have no other choice than to take their investments from US stocks and invest it into cryptocurrencies. Cryptocurrencies are more than just utility tokens. they have become common investment tools and radical stores of value. From the investment stand-point, the only difference between bitcoin and gold is that gold is physical and unlimited and bitcoin is not. other than that, they both serve as a strong store of value. Crypt will surely see its ups and downs, I mean no market doesn't right? but it is surely not going to die. Not now, not ever!

For your first question, yes, there are a lot of strategies you could use to scalp with 500$. You could go ahead and master elliot waves and mix it with the macd. a follow a guy called anil mangal on youtube. he will teach you a lot. however, mangal doesn't scalp but his strategies can also be used for scalping.

for your second question, If you really wanna scalp, I'd suggest you don't use leverage and look at the bigger picture on a larger timeframe before taking any trades. this helps prevent an unfortunate scenario of the market turning against you.

For your third question, nop, scalping is not worth it. I currently make almost 100% per month because every time, you have a couple of cryptos that pump way more than others. my job is to find those currencies and trade them. However, scalping in crypto is too risky. one week, you make 20% and the other week, you lose 30%. there are a lot of immature traders in crypto and this has made it so darn hard to scalp long-term. I'd suggest you look at the medium-term picture and not scalp. the future market will reward you for that.

for your third question, I'd suggest you use binance. it has a lot of volatile pairs and is currently the best exchange. other suggestions include Huobi and bitfinex.

there is no entertainment in trading. trust me, trading is anything but entertaining. However, knowing how to trade the markets gives you leverage over the whole lots of people out there. you know where the market is going. As a matter of fact, if you can trade, no recession will ever affect you. a lot of good traders called the bitcoin short while it was at 20,000$. we knew bitcoin was coming to 3000. So, we got out before the big crash. Being a trader gives you an unfair advantage because as others manage their money and people come in and go out of the markets, you simply watch the charts and monitor their movements. It's more like how a smoker smokes 10 packs a day but only the medics know he would have lung cancer. watching the charts show us everything that is going on. So, trading is more enlightening than entertaining. If you take trading as a form of entertainment, then you will surely lose your money.

Yea, we really have to be careful about what we are investing in. I personally have lost a fortune on bad investments. we really need to do our due diligence when it comes to investing in projects. the funniest part is, the scam projects usually have sweetest of websites. It's important that you make your own digging on the projects you come across so that you won't end up with the wrong project.

I'd suggest that before you invest in any project, you check their team's LinkedIn accounts. try to verify them and ensure that they are true. any suspicion should be cleared out

A good next thing to do will be to check the GitHub of these projects. a project Github tells a lot about their projects. the more the activities on a project's GitHub, the higher the chances of that project being genuine

Investing is an art, not a science. hence, don't try to use scientific research mentality to judge investments. instead, think right outside the box and the best ideas will come.