Wow.. its been a while since my last post in mining and still ETH hasn't implemented the POS.. I wonder whats really holding them back Linked to hardware I guess  Mining Profitability turn into GPU sales ASICs came in but still GPU's on demand We always see this from history |
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I suppose we're heading towards a retrace back to the milder ranges of $15000 and $16000, though it is also likely that the buying pressure overwhelms the sells and we can set foot @ $19000. Right now, most of the sells are positioned @ $18800 and $19000, and those levels are definitely the main hurdles that could stall the movement towards the previous ATH.
Another thing to watch imho is the breakouts from the 20k levels, if an ATH formed then definitely BTC stories will explode, an interesting moments for crypto's, a weekly chart Higher High possible target at 160k  |
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Am watching the price movement of ETH lately, if ethereum should pick up from here it might be difficult to predict the price movement of bitcoin. Ethereum picking up from here will move money to altcoins, its another cycle of getting money into altcoins before another bitcoin move. Some altcoins are not actually doing bad and the recovery of Defi. If bitcoin does not make 19k in 2 weeks we might wait till next year to break the ATH.
Same here, Checking from its history makes it a bit low price where BTC has its level of pricing as of today, I am waiting for some consolidations and a break out to confirm a buy. thus unsure of ETH demands as well on these coming days. |
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Whales, institutions, normal buyers. With the combined purchasing power of the normal buyers just like you and me, it creates a demand that affects the price to increase. In simple explanation, that's what happens when the price goes up. The demand is high. And another one is when there are millions of newly printed Tether.  When BTC goes on these price range like today, it is now very noticeable affecting emotions or attracting other investors and individuals, thus may trigger more demands. BTC price is bound to go higher, as the supply is not constant and becoming more slimmer in the long run (Halving) |
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It is difficult to identify a skilled trader and copy their trades, even the best in the crypto market cannot be sure of their deals.
A newcomer with a small amount of capital is very likely to lose all their assets trying to copy the deals of big traders.
First, you need to use special platforms in order to avoid typical mistakes due to inexperience. Secondly, in order to understand how experienced a trader is, it is enough to look at the complete and transparent statistics to make it over a long period. If the platform provides such functionality, it can be trusted, as well as a trader. However, I have not seen traders providing their copy trading services with positive long-term statistics. Most of the platforms provide at least 12 month statistics and barely enough to convince you on the popular persons trading capability together with its gains over the specified periods. you can also set your own risk management setting own SL and TP's |
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Everyone wants to make a profit from trading cryptocurrency. And there are lots of users or people in the crypto world who offered Crypto Trading Bots. Do you think it is advisable to take this kind of scheme? Bots are tool made by developers for an investors usage, advising people to use them should be at your own knowledge level and risks In terms of legitimacy, yes, they are legit and do exists, same with scammers  always take precautions in dealing with it, this includes author backgrounds, legit reviews and demo's |
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To make easy looking for many altcoin kinds to trade you must join all telegram signal crypto group, every day I check more than ten groups to get information with hot and update altcoin to buy, they will give information about spot and future trading, then analyze by our self which one good coin to trade and what have price to entry.
That is a great strategy to follow up on, it is also prudent to take into account reviewing the behavior of bitcoin since it has the impact on altcoins almost directly, very few are those that react after major movements. Of course, you are doing good, but not only completely relying on those updates given by the traders, but we should also learn some fundamentals about the coins which are already in the market, a coin with the decent update will always help the coin to increase its price. Been with telegram groups, but sad to say it is not that much of help rather than create confusions, better to create great foundations, Self learning is good and practice a lot, a lot of tutorials already posted here. Technical Fundamentals and Risk Management. Goodluck |
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I wonder if there are any free consultants out there that have time to hold your hand instead of you doing your own research.  I can only imagine that you held a few. We all start somewhere buddy! Guys, please shoot across your suggestions - it will be really helpful to get the ball rolling. Thanks Com'on guys, its not a big deal to help a newbs btw, here's a good read bro, hope it helps https://www.gpuminingresources.com/p/what-hardware-do-i-buy-to-start-mining.html |
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Do you use a trading bot and what's your favorite trading bot?
Also what type of strategies you use with the bot? And it is profitable for you?
It would be a dream of most new people to make money in trading by using bots but unfortunately you need to learn few bitter facts before continuing your dream of easy profits. There are many bots on markets and there are lot of people from this community using those bots but none of them proving themselves a threat to the fame of Warren Buffet, a billionaire who made most of his money from stock trading and investments. I mean to say like manual trading, bots also may book profits or losses just a market volatility dependent but with manual trading, everything will be within your control at least. I have used few bots but concluded I am the best compared to them so now doing only manual trading. Honestly, now a day I am making less losses and more profits than what I booked with bots. The conclusions make a good point, I am considering a bot use and looking success rate references Though the door is not yet closed, I'll just stick for manual trading for the meantime Agree on the easy money dreams, get your hands dirty instead |
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For the past month, I started to dump those indicators
Not as effective to me, not actually sure if I had problem reading them but I don't actually have a consistent success using them
I'm into Candlesticks, Trends, S&R analysis, had a success on these basic tools than those indicators you've mention.
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With the release of Randomx Algo the CPU mining will be worth it again and lots of coins will use Randomx.
I wonder if it will be possible to mine anohter profitable coin with GPUS and Randomx with our CPU on the same PC.
Yes it is possible, by running two different instances ( CPU mining and GPU mining) However, profitability is the issue, depending on your current Electricity cost if its worth it. What will be the windows settings? specify or allocate resources for your windows system on CPU in order to not freeze How to specify or allocate resoruces? Will it be inside windows settings if yes then how? or will it be from the CPU miner settings? Most mining app has a capability to specify how much/many cpu cores to be used if not, then this link can help https://smallbusiness.chron.com/designate-cpu-usage-45952.html |
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With the release of Randomx Algo the CPU mining will be worth it again and lots of coins will use Randomx.
I wonder if it will be possible to mine anohter profitable coin with GPUS and Randomx with our CPU on the same PC.
Yes it is possible, by running two different instances ( CPU mining and GPU mining) However, profitability is the issue, depending on your current Electricity cost if its worth it. What will be the windows settings? specify or allocate resources for your windows system on CPU in order to not freeze What will be the requirements of phsical RAM and Virtual RAM?
Please share your thoughts as this will be very interesting for the miners for extra income because every CPU and the PC already runs when mining with GPUS so with a little more electric cost it will be extra profit from CPUS hopefully...
Depending on the number of GPU's 4GB should be fine at 5GPU's |
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But, why only Bitcoin? Many currencies are increasing their value this year. Thanks for the article but, I think is necessary to talk about all the currencies.
Its because BTC has proven its value I'm not actually against other coins as I am also holding a reputable coins Being said that coin reputation and its value are a major considerations for investments |
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I would personally say Paper trading is somewhat useful I understand those emotions compared to actual trading involving large amount of money but what makes it useful to me is that, you could actually do simulations on your plan/new trading techniques without sacrificing/compromising your funds and doing it in an actual trading platform compared to testnets. Building confidence is much more viable paper trading is your friend |
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Low profit + massive dump = game over for miners right now.
If i had my machines online, i would be losing 10$ per month mining ETC (after electricity bill) and winning around 15$ per month mining ETH.
No go. The question is: are so many people mining at loss ETH? Or is it that ASIC can still make some decent profit and they stay online after a massive 20% drop in price???
Sounds stupid, but I had seen peeps mining at a loss Their reasons? I guess, Diff low, and HOPIng for a bull run  My RX are still collecting dust, might be a month or two, have to bid farewell with them, just trying to see GPU price changes on a holiday season |
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I not really think if crypto signal groups really useful. Maybe yes for who can know when to buy and sell. But usually it make us to pay in high amount of money, and i think my capital is less than how much i should pay. That is why i not use any crypto signal groups.
My opinion that it was never helpful in any way. The first one who bought are creators or admins of that group and they are the ones who really profit in this scheme. And op is right and that after the long bear period, people lose interest in trading crypto which stops new people to get in which is also stops those lying pump and dumper crypto signal groups who invite newbies. No not really, been in a group for a couple of months and decided to leave, honestly its helpful for learning and gain different strategies that aren't basically shared anywhere as free. I'd prefer building my own strategies not relying on them, as I know they aren't permanent. |
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Another philosophical approach might to be ask yourself this question: "If you are not extremely confident that a trade will work in your favor and that you might get stopped out, are you still willing to take that trade ?"
Problem with this approach is that, even if you have concrete confidence, there is always a case that the market will oppose you So good Risk management with Stop Loss will always be your shield |
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Trading Journal is somewhat very useful
I usually indicates what style did I use, indicators, TF, RR, pairs
at the end of the day I gladly take this as a good data, from where I did wrong, make a study, what's most effective and what OP's says, Tweaked it
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Its forming another Leg down for me, Typically creating a slight smaller similar wave image at 1D from the previous December 2017 Chart  |
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