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So the post is really about trading and HOPING to take some money.
Crypto is over-hyped now and too many people think it's free money and they'll make a fortune easily but we all know it's not as easy as some might think.
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I also use Tor a lot and I have the same problem as OP, a lot of white space at the bottom and some on both sides.
But I have this only in Tor (with this forum).
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I'll use an example: just because scalping worked for me, doesn't mean it will work for you.
Sometimes, people genuinely want to help and if OP doesn't know how to use the info, it's not posters fault.
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I am observing today something similar to what happened in 2020 but at a micro-scale. The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain, particularly airlines and other travel hospitality linked business. Zoom stocks are up, mining and raw materials down,... It looks like a repetition also in bitcoin price with a plunge that may be ongoing.
For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.
Good analysis and prediction... now, we all can see that you were spot-on. |
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Crypto and leverage... oh dear.
(sorry, couldn't elaborate)
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Yes... there's something like that already... it's called "Elon Musk".
Today, he likes bitcoin so it shoots up 10%, then tomorrow he doesn't so it plummets 20%... and so on.
He only gets richer and most of crypto traders/investors will eventually end up losing.
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Scalpers don't avoid stop losses... that's a myth.
Scalpers have to be fast so they don't have time to set stop losses but since they monitor the trades, it's fine.
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Taking into account that most of the traders lose... over 80% of them, I wonder how much money you expect to make.
Trading is not some dream world where you grow money on trees, it's hard work.
Crypto is over-hyped now, so when the s...t hits the fan, there'll be lots of losers.
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oh no... more bots.
Bots do NOT work and that's why there are more sellers than buyers.
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Simple support and resistance... the rest is voodoo for me.
I'm aware of the amount of the indicators out there... it's just I find most of them... well, not good and over-thought.
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Rebranding is like scam people, then rebrand and "hey, we are a good company?"
Always wary of rebranding.
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It's a good article but I'd assume everybody who trades bitcoin already knows it.
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I got the message too, cryptocurrencies are still not good for leverage trading, even if leverage trading is included, it should not be more than 10x. People are losing to leverage trading and they are people that only have little amount of money that are losing to rich people that trade huge but little it no leverage.
Well... obviously, trading crypto with leverage is beyond insane when bitcoin can easily go up or down 10% a day. |
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Nowadays, you can trade crypto with pretty much any CFD broker. Have you tried?
OK.. they might not offer many cryptocurrencies but still a decent start.
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OP, so you haven't read a single book from your recommendation list?
Which book do you personally prefer?
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https://iqoption.com/lp/ultimate-trading/en/ You're having a laugh recommending iqoption, one of the biggest bucket shops in history. Just because crypto market is unregulated, doesn't mean I'll use an unregulated broker to try crypto trading. |
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That's a busy event. Glad you had fun.
"2. Learning before earning: This is one point that stuck. Making money has always been the goal. It is very convenient to forget that there is a process to achieving that goal. You have to be aware of activities happening in the crypto industry."
Unfortunately, this is the part many crypto and forex traders forget about; many jump first, learn later.
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Hi everyone!
I really wish I had found this forum sooner.
I'm here to tell beginners: Beware.
I lost everything. All coins and all my savings.
Why?
Because I didn't know how to use my coins.
It all started with discovering the futures market. High leverages!
That sounded interesting: Earn at high more than 10x more.
Don't believe it.
I lost my coins because I wanted more than time could provide.
I wanted to be smart and I was the dumbest guy in the world.
Believe in spot, believe in your bitcoins And believe in the power of time.
I lost about $150,000 for wanting to be faster than time itself. Don't be stupid like I was.
Save your coins and have a decent future.
Thanks for reading.
Ouch, very sorry to hear it. Unfortunately, this story is similar to the stories of 80%+ traders who eventually lose their money trading forex, stock, crypto, etc. |
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Stocks crypto and all others are just the one way how to take your money.
Add there the fear of inflation and You get the perfect combination of greed and fear how 80% Will lose all.
If You are newbie Welcome to lose Money the news the fuds are designed perfect ways for You to lose Money.
Its just one way how to take your Money so that You Will Work More hours and cheaper salary for those who Got Money from You.
The profit does Not happens automaticly You need to Know what You are doing.
But all to say the whole point of the markets is to take your Money from You.
Finally, a rational analysis. Stocks then forex and now crypto have been / are promoted as some "easy money" or "make money online" schemes which can't be further from the truth. As you correctly mentioned over 80% of traders lose, so much for an easy money scheme. It's mainly those unscrupulous entities which make money when most of retail traders lose. |
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Then, explaining that the max number of coins is fixed and known makes it an asset with the price bound to grow and this is the reason for many speculating on its price. Forex and stock markets are similar, but with stronger regulations and smaller price variations. So it's not gambling/casino.
I beg to differ. 1. Price of anything can go up as well as down so the price is not bound to grow. People thought MySpace was going to grow forever and look where it is now (just an example). 2. Currencies are backed by the economies, stocks are backed by companies' profits. On the other hand, Bitcoin has no intrinsic value, so once the hype goes away and people switch to something new, the value of bitcoin will diminish. 3. Crypto market is unregulated so it's a very scammy industry and regular folks should stay away from it unless they are happy to give money to scammer. |
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