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1  Economy / Trading Discussion / Why do so many people lose their positions due to Bitcoin's decline? on: January 21, 2021, 01:37:49 PM
Trading financial instrument , derivatives have high risk , and having full knowledge of risk management of position size is a key to make a quality decision. The fundamental impacts news can make you rich or rekt you especially when the hype in social media get built up.  Many people lost their portfolio because of lack of market structure. Not every dip or rally you jump into.  These is my view why many lost during this Bitcoin decline.
2  Bitcoin / Bitcoin Discussion / Does anybody have any suggestions for investing in Bitcoin? on: January 20, 2021, 06:58:56 AM
There are lot notions around the number one digital currency investment. Potential investors from Wall Street think that it might not be the best for them to invest in Bitcoin. Some people skepticism arise a result of record exchange hacks and also lot of scammers in various social media platform.
Financial expert advisor have different opinions about the bitcoin future despite the huge profit risk takers  made during this year rally. What is your legit suggestion  in investing into bitcoin base on the level of your exposure to the blockchain industry?
3  Economy / Speculation / The price of Bitcoin has exceeded $34,000. Is it still suitable to buy now on: January 13, 2021, 06:35:42 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price  recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
4  Alternate cryptocurrencies / Altcoin Discussion / Which coin has the most investment value in the cryptocurrency field? on: January 08, 2021, 05:57:38 AM
From the coinmarketcap, we could see lot of coins and tokens listed on daily basis. Some have potential to give investors good returns while some are just shitcoins that drain one hard earn money. This year is anticipated to be a bullish year for crypto, what is the best crypto you will stockpile outside Bitcoin.  before the closed of the first half of the year.
5  Alternate cryptocurrencies / Altcoin Discussion / What should newbies pay attention to when trading with virtual currency? on: January 07, 2021, 12:35:27 PM
looking at the high volatility of the alt season with Doge opening the floor gate for the alt season session. there are lot of risk involve  in the market ,  for example pay attention to the exchanges you which to trade your prefer crypto currencies , that been said , liquidity of the exchange should be a looked into , because this determine the rate at which your orders such as buy or sell  are executed , take for example you prefer to trade in an exchange that has low liquidity , if the price of BTC is at $38,000  and you wish to  sell  your holdings , due to low liquidity your asset might not be sold at that amount you want . so this should be what you need to be aware while applying risk management in this alt-season. supporting or contradicting opinions are welcome for discussion.
6  Alternate cryptocurrencies / Altcoin Discussion / Which virtual currency is suitable for long-term investment? on: December 28, 2020, 10:23:25 AM
Taking a look at the crypto industry, there are lot of potential crypto asset to invest into for a short and long term. But as an investors, long term is more preferable for me , from your opinion, what will be the best crypto asset that worth my hard earn money l can invest into  for a long term. although bitcoin and ethereum are center of focus for big financial institutions such paypal and the rest of the fintech giants.
7  Economy / Trading Discussion / technical analysis short setup for bitcoin today on: December 22, 2020, 07:58:28 AM
this technical analysis is done in zb.com exchange where l took chart .

bitcoin created a market structure of head an shoulder pattern.

the left shoulder was created on the 18th to 19th of December. which lead to consolidation .

A breakout of the consolidation hedge btc higher to print a fresh record high of $24282.

Bitcoin consolidated which formed the head pattern.

btc plunged yersterday and cool off the dump with another consolidation.

this created the Right pattern since price created higher low.
breaking the neckline at $22508 will lead to a probable sell off setup.

the chart below feature short entry, target and stop loss.



this is my bias on bitcoin today. you can share your opinion.
8  Alternate cryptocurrencies / Service Discussion (Altcoins) / Which Crypto Exchange with liquidity that could dominate the crypto industry? on: December 15, 2020, 08:12:01 AM
Trading or investing hard money into crypto asset can be hard for newbies and even expert that control large financial portfolio looking at crypto exchanges. The crypto space is full of multi-dimensional exchanges, traders should take safety and liquidity as top priority in considering where to trade and invest cryptographic money into. Below are my research:

Coinbase is trusted, has very high liquidity but few trading pairs.

Binance is trusted, has high liquidity and many pairs for trading .

Zb.com is trusted and transparent, has extreme large liquidity due to china dominance, no track record of hacking activities.

These are my three recommended exchanges. Base on geopolitical sentiment , what exchange might dominate the Asian continent in the future?
9  Alternate cryptocurrencies / Altcoin Discussion / Are there any investment opportunity that ETH2.0 brings? on: December 08, 2020, 08:22:08 AM
ETH2.0 is definitely the latest big event. many crypto enthusiast believe this will solve lot of underlying challenges such as scalability etc. but there are  questions that  needed more clarification in the crypto space as outline below:

1. What impact will it have on investors?
2. Have you heard of QETH? what is that? Is it ETH1.0 or 2.0? Is it one of ETH?
 
your contribution will be highly appreciated.
10  Economy / Trading Discussion / Mistakes newbie makes in trading resulting to losses on: March 19, 2019, 09:00:28 PM
Trading is not a quick get rich scheme. But having quality knowledge about price movement of crypto asset is essential before taking crypto trading as a full time job.

There are several mistake newbies often make during the course of trading which are listed below:

1- Buying of a crypto asset that is already high without stop loss and  selling low because of uncertainty of indecision candle  in chart.

2- over reacting to sudden change of prices which leads to Panic selling.

3- Trading without any strategy  in mind before placing an order.
 
4- the fear of missing of out is another major strategy whales use in manipulating prices thats attract newbies to buy at all time high.

5- Trading with 100% of the portfolio in only a single trade instead of spreading hard earn money in different trade.

6-not taking proper rest and allow the brain to relax in taking proper decision in entry or existing orders.

7- Greed is never be satisfied with the little profit,is an emotions that create an hunger for more profit.this hunger for more profit without setting take profit or stop loss result to losses due to over excitement of trend movement that favors the trader

These are mistake that newbie make that result to loss of their hard earn money in crypto exchange trading.

Hence to avoid all these mistakes you need to to learn different trading strategy and different chart pattern and historical data analysis of crypto asset.

We have seniors in the forum , their contribution will be vital and help everyone to avoid mistakes ,these are just my experience and observation.
Have a cool crypto trading .



11  Other / Beginners & Help / Why you should avoid trading bot on: February 22, 2019, 12:04:25 AM
Trading bot are authomatic algorithm settings built by affiliate marketers that allows your computer to trade for you even when your off pc

We had enumorous amount of individual joining the crypto world 2017 when there was remarkable bull market .
Many lost there portfolio during 2018 due to high predictions of bitcoin  to hit 5Ok . Many predicted also with their bot.which lead to these losses.

Why you must avoid trading bot.
1.The market Is not control by bot but traders who are humans who place orders.

2.Emotional sentiment by traders can drive the direction of the price which the bot might not detect.

3. Crypto news channel also drives the fluctuation the price such as the sudden announcement of ban of crypto asset by China or any other countries.

4.Bot are not perfect and can be malfunction due to virus in your PC.

5.They can only be used by the developers successfully

6. Consuming more electrical energy and internet data because you must leave the PC on continuously.

Note that if trading bot are actually making profit as many a times most bot developers claim why are they selling it  since the market capitalization is more than 133billions of dollars as of today.The bot should have accumulated all the billions in the market to their portfolio . And the traditional  banks would have been making use of these bot to trade both Fiat and crypto asset.

So in my opinion these bot does not worth investing cryptographic money into .

These are my thought why you should avoid trading bot if you have any reason why you should avoid trading bot please share your experience to enlighten members of the forum.
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