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Everyone? This is a simple logic, a huge number of traders sold their holdings first and then the market goes down after that. So it basically means that the first to sell before the market goes down profited and exited immediately and did not go greedy for more. So technically, it should be majority losses when the market is down.
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$6k price wont really be an easy road.Try to look on the price as of this time. We have price decreased for $400 in a hour time. from 5400+ to 5000.
I don't know whats the reason behind such dump but its just a typical day on crypto but seeing 6k soon is there.No need to rush up though as long
we can assure that we will able to break that resistance.
That's something a known drop. This form of growth has been taking place with bitcoin from the starting days of the year. Whenever there is some good growth due to corrective factor or due to manipulation there happens a big dump and further it recovers within specific time period. This time too I believe the recovery will take place shortly. The reason behind it is the Bitfinex issue report that says about covering tether and etc. I did not read the whole story but I know it is a really big FUD. I thought tether stop giving us headaches in the last year but it always comes back to cripple the market one more time. But I still wish this won't stop btc to reach $6k again. |
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Hope for the best but expect the worse. I dont want your heart guys to be broken so much because you are 100% expecting for a bull run to happen. I know that the market is doing good and giving suprising positive trend for a short time but we aint there yet until we get there. The best preparation for us is always to accumulate enough where you can live your dream for the rest of your life after selling it all in a bull run.
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So based on the report, only those small and medium exchanges does not show their real volumes. I don't think this serves as a major problem in the crypto market when the largest and famous exchanges do report their actual and real-time volumes. People just need to use those if they don't want get stressed on this facts. |
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With recent surge in Bitcoin above $5000, those prophets and prophetesses has come again to predict. All there predictions in late 2017 and early 2018 that Bitcoin will not rest and gasp for breading until it reaches $80,000 per Bitcoin failed to hold any ground. They have lead millions that are following there channels bankrupt in which they are yet to recover. That is why it is good to always do your own research and follow it strictly, even-though it failed, you will be more satisfied than shifting blames to someone that is directing your decision financially. I have found out that majority most times are always wrong.
Why all these stories, they are silent for over a year and suddenly re-appeared about a week ago. Now, there prophesy is that Bitcoin will re-traced to $4200 before we experience any tangible moves, telling there followers to place a pending order around that range. Personally, I don't agreed with them but have an opinion that they will join to buy in $6300 - $6700 range. Technically, on which side would the shift goes based on your justification.
I was so desperate with all my losses in 2018 that I needed something to remain positive so I look for predictions and rely on it. And the result of it was the worst decision of my life. I did find two of them and both of them says btc and some altcoins that they mentioned that will reached new highs when 2019 arrives but none of these came true. Better believe in yourself and don't trust these fake prophets or anything related like its their special talent because you will just loss more. |
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You have rich experience in everything OP. I also tried stocks but it doesn't give the profit I want like in crypto. Cryptocurrencies are a beast when it comes to multipliers so I hunger for more btc and altcoins more than stocks. I was very close on getting rich on crypto in 2017 but I was so greedy and dumb.
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The first thing that comes to my mind with this topic is that you forgot that it is time to eat or you just really forgot to eat. Whenever you are in a market that is so active, you dont want to miss any minute or second of their movements that it made me check coinmarketcap every 5-10 minutes. And because the bear market happened last year that it made me a healthy person again.
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Are you into trading? What coins do you like to trade the most and what's your trading startegy?
I have favorite altcoins before like pink, doge and bela but I think people shifted on the new released coin so I had to refresh. A year ago , those coins are on of the many that I like to take advantage when they fluctuate but I think because of the hundred new coins out there, they are kind of buried and forgotten for a while so need to adapt and find those kind of coins again before the bull run. |
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Hey I am newbie this forum and analysis that Bitcoin market down last 2 years.So I want to how much money need for trade and how get profitable frorm trade.I think this forum have many expert traders so I requested to all please tell me your experience about trading.
I'm not exactly an expert but I have rich experience in trading and the truth is that you need to have to accumulate coins that you made research and you will not move them as in you will just let them sleep. Allot only a small amount like $200 to practice your short term trades and then long term can be about $1k worth. |
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I started back in 2016 and it was just a try and I did stop after because it feels like I have no direction on what I am doing. But then I came back after a few months because I saw many people that I know personally getting a lot of profits from pump and dump so I did with dedication and determination. I made a good amount but it is still not enough.
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We are talking about a world currency here and even if some countries won't accept it, that fact that 1st world countries like Japan and Korea is already enough to contribute a lot to make it reach to $100k someday. You can still get rich but time is just your enemy if you are not that patient though.
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Hello to all the Bitcointalkers! Because it is my first post, I have, at least, to present myself in several words. I am a coins/tokens dev and web developer full stack. After several years of crypto experience, I decided to create my own project. It is not a coin, nor a token (there is already plenty of ERC20 tokens and coins), it is a cryptocurrency exchange. There is already some exchanges available on the web, but I would like to build one which may fit to Bitcointalk users, it's why I opened this thread, and ask you today what do you like the most in crypto exchanges, as well as the things that you dislike. It can be specific features, themes, properties... I want to build a good exchange, and for that I need to know your preferences. Waiting for your replies  Lugdunex I just want everything fast in the withdraw and deposit time. Less fee when I made my successful trades and the same as withdrawing as well. I I also want a lot of volumes and seriously less shitcoin because even top exchanges just keep adding more and more. |
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You are right but if they have the determination and knowledge and they won't experience the same fate that most newbies do. Of course, they can loss at the start and on the later trades but its important that they are learning and then when they already familiar with the market then I think they can now make profit. And for those newbies who always lose, instead of quitting I think it is better for them just to HODL.
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In my personal experience, it's hard to manage your greed when it's a bull market. Because in a bear , you won't get influenced by greed because you don't get money a lot and greed is where you want to have more after you get something which is not possible in a market that does not do good. The best thing to do to deal with it is better to experience your mistakes to not do it again or the other one which is sell 70% - 80% as always like it's your trading rule.
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I think you should. The down period have stayed for a long time and I'm certain that those times are over. I have read somewhere that some countries want to issue bitcoin bonds and it really makes me agree to a video that tells that the pieces are falling into place.
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Bitcointalk name: BigTeeths
Bitcointalk Rank: Full Member
Telegram username: @helpImsorich
Twitter handle: @darkpazzage
ETH Wallet Address: 0xddDa37CB09A9057c82a5b29Fc5782Ebe5d3A9373
Wear Appropriate Signature: Y
Wear Personal Text: Y
Wear Avatar: Y
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I want to Learn by myself For This I need Some Tips and Some Good Ways.Should I Learn From Online Article Or Books?What should be the Way to Learn Well.What is The First thing I Have to do. Please Give me Your Suggesstion.It Will Be Great Help For me.
I don't really depend on books because I always forgot all the things that I read. It's the thing that called 'analysis paralysis' that you are stuck thinking on how will it go on many occassions but you are just doing nothing. Try to do it at the same time like reading a few basic steps then use a small amount to trade. |
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Digital assets that are listed in Binance gains high liquidity so this is not a huge suprise. It has always the most volume and I'm sure that there are a lot of whales hanging out there and just cutting their orders just to make it look it's a normal buy and sell orders. If I were to decide I would want only 10-20 exchanges that will exist in the market so Binance will have 80% or more of the total volume of the whole crypto market.
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