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Alternate cryptocurrencies / Altcoin Discussion / Invest in Litecoin (LTC) and Monero (XMR)
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on: July 13, 2021, 06:48:38 PM
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Hey fellows, hurry up and invest most of your money on Litecoin (LTC) and Monero (XMR). I heard from a very reliable grapevine that ending this week and coming weeks, Litecoin and Monero are going to have a very strong bullish trend.
The last time I ignored the knowledge from the same source, I was pulling my hairs from my head because what the source said was accurate to a T and I ignored it.
I have already invested 35% of my total capital in each LTC & XMR.
I know most of you have been having hard time like the rest of the world. So here is a chance to fatten your cryptos.
Good luck!
Viketo Sumi Armani123
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Economy / Speculation / Free falling Bitcoin
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on: May 17, 2021, 03:44:54 AM
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My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.
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Economy / Speculation / Upcoming Market Prediction (Market heading for a great downfall)
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on: March 25, 2021, 09:18:41 AM
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The analysts are overconfident that in the immediate months ahead, some of the most prominent along with many other rising stocks in the market is going to face a downtrend enormously. Some of the prominent stocks are going to fall by more than 92%.
Do I believe them? Yes, I do. When you look at the market performance of 2020 and past few months of 2021, the market trend has been very erratic. It has been very difficult to predict the trend. And despite the Corona Virus wave that has almost crippled the world's economy, cryptocurrency continues to soar in upward trend, ceaselessly, although erratically.
I believe that the market cannot go on continuously upward forever but it is bound to fall. I agree with the analysts that that downtrend is very likely to happen in immediate future.
So, I suggest that you limit your investments in cryptocurrency in the near future. Unless you are sure, don't make hugh investment. I am going to hold most of my stocks in Dollars and not in cryptocurrencies until I am sure that market is starting to rise after its downfall.
Armani123 (Viketo Sumi)
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Economy / Trading Discussion / Online Gambling 'or' Day trading cryptos- Which one is more lucrative?
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on: March 21, 2021, 03:09:29 PM
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Online Gambling 'or' Day trading cryptos- Which one is more lucrative?
Hey folks, it me Armani123 (Viketo Sumi) again. Well, which one suited you more: gambling or day trading cryptos?
Firstly, let me elaborate my experiences in online gambling. I have been gambling in crypto gambling sites for more than seven years now. I gamble in casinos as well as in sports. As long as I am concerned, casinos has been good to me. I prefer dice rolls, roulette, reels, and megaways games in casinos. The better side of casino games is that, if your luck seems to elude you, then you can always abandon it and come back on different day to check if your luck has changed.
I believe everyone can profit in casinos as long as one is determined to spend only a limited amount one sets before entering a game. This is not just notional but a given fact and proven times and times after. Learn to control your emotions and play the game and don't let the game and your luck dominate you. If you do, you ultimately become an addict.
If you are having a bad hand continuously, then abandon it to play another time. On contrary, if the lady luck is in your side, don't be too greedy and leave the game while you are ahead. Another smart way to gamble is to limit your time, but maintaining timeline can be very disenchanting. So I suggest, limiting your funds is more appealing.
Coming to Sports gambling, I have not even once made a considerable profit. In fact, most of my funds I netted in casinos were lost in sports gambling. On top of my gambling accounts, I have also funded hugh amount of funds from my saving accounts into sports gambling with no returns.
Before I started sports gambling, I did what all the experts advised. I researched the athletes or the teams according to the sports they played. Before setting my bets, I would thoroughly research both sides of their skills, endurance, past played games and everything that I could think that would impact the games.
Not just physical but I would also look into social medias to know what is happening in the lives of the athletes so that I can assume their state of mind. For instance, if there is a problem happening in the private life of an athlete, the athlete is prone to perform under since there would be a knack of their private problem in their mind. This is a psychological fact.
I researched all these fields before placjng my bet and leaving no chances to fate. But still I fared badly. Human beings emotions are very hard to gauge. So I have completely abandoned sports gambling before I am completely bankrupt. Now a days, I support my favourite teams by making small donations than straining my emotions by betting on their matches.
Returning to main objective, day trading cryptocurrency has been indulging to me. Till date, I have accumulated a handsome share of profit from trading. There is no chance of losing your whole principal amount like in majority of gambling games. Unlike in sports gambling, there is no fixed timings. You can always leverage your principal amount by transferring funds if you are into futures trading. And there is no fear of losing your principal amount if you are into spot trading. You can always wait for the bullish trend and withdraw for profit. There is always a chance for some crypto currencies to go bankrupt but one is less likely to encounter such downfall with a bit of research.
According to my experiences, it is hard to lose a hugh amount of fund if you are into day trading. You can cut your loses immediately and pull out if the market is in the down trend.
Like sports gambling, trading also requires one to do intensive research and keep up with social and market medias. Aside from researches, it is vital for trader to learn the patterns of market graphs and various signals before on plunges into the real world of trading. Learning to trade is a lifelong process. Anyone can teach you to read signals but the rest is up to you.
Trading can also be classified into short term and long term investments, then there's scalping etc. But let's leave that for another time.
With all the information stated above, in my opinion, I would definitely prefer trading than gambling. Speaking of gambling, I still gamble seldomly but I have had numerous unlucky encounters with sports gambling to stay away from it. Humans are the most complicated creatures to predict. Instead, I prefer casino games. Since there is no emotions but luck it will always be my choice of gambling.
Armani123 (Viketo Sumi)
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Economy / Trading Discussion / Caution: Don't get carried away by social media vibes while trading
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on: February 23, 2021, 07:57:57 PM
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Fellows, this is a Big Deal. Don't get carried away by social medias such as Telegram, Twitter, Reddit etc's vibes that has gone viral. These articles prompts user to invest in particular cryptos as they predict that there is going to be a hugh bullish trend. This is purely a marketing stunt from giant traders to make a quick profit from the misfortune and duped small time traders.
What the Big traders do is that, they buy a stock while it is very low. Then they starts rumour mill encouraging all to invest in that particular stock as they predict hugh profit from it. So naturally, traders start buying these stocks with an intention of making hugh profit. As a result, since there is maximum purchase, the price of the stock shoots high.
When the Big traders as satisfied with the profit they have incurred from the stock, they dump their stock, which ultimately reduces the value of stock to a minimum.
The outcome is that, hugh traders make a hansome profit, while the small time traders are left haplessly holding onto their stock, since they cannot sell at a hugh loss. They have to wait for a long duration hoping to dump their stocks when the market raises its bullish trend, which could take months.
Small time traders can also make a hugh profit if they are able to time the market and invest before the market trend shoots up high. But for those who are late and invest at the last moment, buying stocks at stiff price hoping the market would keep on climbing, its a big misfortune.
So fellows, invest while the price is at its lowest and dump the stock when you attain a profit.
Viketo Sumi (Armani123)
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Economy / Trading Discussion / Newbie traders - Learn from my mistakes
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on: February 13, 2021, 09:58:42 PM
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Newbie traders - Learn from my mistakes
I, myself have not been a Trader very long, but now, I have a gist about trading. In the beginning, when I first started trading, I was stupefied by enormous number of things I had to look out for, inorder to place a successful trade and knowing when to exit the market. So many signals to look out for while keeping an eye on the markets. These things left me in confusion and ultimately, I lost a good portion of my capital.
I am aiming this article mainly for newbies who has recently started trading. I faced a lot of hurdles myself not knowing which side is up and which is down. In my state of daze, I sought all the wrong help that a professional traders avoid themselves from, which only made me lose more money and sinking me lower. I seeked helps from proclaimed trading gurus (them telling me when to enter the market and which cryptos I should invest in). All their predictions came at a price and nothing was free. But hardly any of their expert opinions made me any profit. So I kept jumping from one professionals to another, hoping that I'd find my golden goose. I was totally wrong. I didn't find any treasures at the end of a rainbow. All it did was lighten my pocket. It was excessively discouraging and almost made me give up trading.
Feeling depressed, I stopped trading for few days and looked at my past trades from every perspective and in doing so, I learned few things one should accomplish beforehand. After rectifying my past mistakes, I am fairly doing fine now. So let me share these few gems with all traders-in-learning.
First and foremost, it is imperative for a newbie to learn the chart and various signals such as MA, EMA, WMA, KJD, MACD, RSI, DMI, MTM etc. When I say learn, I mean thoroughly. If you are averse to reading, there are hundreds of directive videos in YouTube. These videos have really helped me out in understanding various concepts to trading. So, I am assured that it would help you too.
Never try to learn all the signals in one or two sittings. As complicated as it is to master oneself to reading particular signal, you are liable to find yourself in confusion if you try to cramp all knowledge at once.
Most importantly, learning to read the chart should come foremost. I use candlestick myself. Charts plays the most important role in making decisions. So you should learn each and every shapes and forms there is since every pattern depicts what the future outcome might be like. It is not 100 percent assured, but to some extend, the chart is often predictable, as long as the market is not extremely volatile.
Coming back to art of learning, initially, I would suggest that you learn to read two to three signals and see if the signals are aligning with the chart. I recommend you to use candlestick for chart since it has numerous ways to tell you how the future market rating could be by the past market chart patterns.
Now, coming to practical world, I don't suggest a demo account to test your knowledge. Demo accounts dosen't enable you to test your emotions because there is no account for you to lose or gain anything. As a result, you fail to give your attention fully and leads you to learn almost nothing.
I'd suggest you invest the least amount of capital that cannot hurt you even if you lose. And as I said earlier, try out few signals and see if they are aligning with the chart. If they are, then its time for you to enter the market and wait for it to see if you read the signals right. In the same manner, try out the rest of the signals according to your liking and try out. Try to experiment using different signals with another till you find your niche.
Placing your trade is all about timing. So patience is a major factor. Look out for the market, right along, reading signals and chart. If you find that the market is very unstable, I suggest you take a break from it. Wait for it to come back to a normal trend where you can most likely predict the future by reading the adjoining signals and patterns. Then, make your play. Anyways, who is to say that the market trend is normal.
Don't be discouraged if you fail to predict the market but consider it as a stepping stone. You remember that even the top professional traders also fail more than one-third of times they trade.
Trading is an art where you are the teacher as well as the student. One can teach you how trading is done or how to read signals, but eventually, the final outcome will be up to you.
So, I wish you good luck.
Viketo Sumi (Armani123)
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Economy / Trading Discussion / Take caution to unstable market
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on: February 10, 2021, 08:18:21 AM
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Hey fellows,
Just a reminder. Take caution to unstable market. If you see that the crypto market is too volatile to predict, then you should immediately stop trading.
I lost a hefty share of my precious cryptos in the past few days as the market was very irregular and I couldn't give my undivided attention to the market trends constantly. So, if you are like me, unable to commit each and every second, I'd advice you to wait for the market to reach its normalcy. And then, you can start trading.
Good luck.
Viketo Sumi (Armani123)
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Alternate cryptocurrencies / Speculation (Altcoins) / Which 'cryptos' do you suggest I should invest in for a duration of 3 to 5 month
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on: February 06, 2021, 10:03:37 PM
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Seeing how cryptocurrencies have been soaring, I have decided to make a bold move and invest a quarter of my total capital in cryptos. I am looking forward to invest for the duration of 3 months (maximum for 5 months).
Looking at past performances of various cryptos, I have decided to invest in 1inch, Bat, Atom, Sushi, ADA, wave and some in Bitcoin. Do you think my choices are prudent? Which 'cryptos' do you suggest I should invest in for a duration of 3 to 5 month?
Viketo Sumi (Armani123)
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Economy / Trading Discussion / How many of you use "Crypto Prediction Applications" for trading?
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on: February 01, 2021, 06:40:07 PM
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How many of you use "Crypto Prediction Applications" for trading?
You see, for the past few days I've being trying out some of "crypto prediction apps" but I haven't been lucky. It would be enlightening to know the percentage of other traders who use prediction apps.
And if you do, could you please tell me which prediction apps are best in the market? Thanks.
Viketo Sumi (Armani123)
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Economy / Trading Discussion / Should I sell or hold on my bitcoin?
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on: January 24, 2021, 02:16:26 PM
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Hi Everyone, I have a dilemma since I am holding an wholesome portion of bitcoin. With all the speculation going on in the market I don't know whether to sell or hold on my bitcoin. I've been wanting for more than a week to see if bitcoin's price improves, but it is only falling more and more.
I've gone through dozens of analysts' blogs, websites, market cap sites, price prediction sites, and all the important bitcoin market sites to find the right answer. But I am still unsure.
So, can anyone please tell me if I should dump my bitcoins with some losses (selling at lesser price than the buying price), or should I hold on to it?
There is also another reason. A promising stock just opened up. So should I sell my bitcoins and but the new stock that I'm interested in?
Viketo Sumi (Armani123)
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Economy / Trading Discussion / Best art for crypto trading
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on: January 21, 2021, 02:26:40 AM
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Best art for crypto trading
In a 'pump pattern', the probability of reoccurring the same chart pattern is almost definitive.
So, in my personal opinion, the surest way to success in crypto trading is to find a "pump finding application" and find out the approximate time ticker duration. Then buy at its lowest lower low, wait for it to reach its highest higher high and then, you sell your cryptos.
I've been using this technique for the past six months and I've had 73% success rate so far.
And for the apps, I've been using "Crypto Pump Finder" for the more well-known cryptos. I have been using "Coinstats" for cryptos that are less known and remote.
For the exchange, I use Binance.
I hope you also successful by implementing this technique and increase your principal in folds of profits.
Viketo Sumi (Armani123)
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Economy / Exchanges / Best crypto trading app. (From my personal experience)
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on: January 20, 2021, 03:10:49 AM
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(From my personal experience) I'm a newbie in crypto trading and I wanted to share my unbiased experiences with with various Crypto-Exchanges. I'd love to individually benchmark every exchanges I've used, but that'd amount to a lengthy article. So I'd rather relate about the best exchange I have discovered from series of exchanges I have tried, practically and personally.
The sole reason I'm writing this article is mainly for a newbie like me - trying out each any every exchanges there is in the market to find their niche. And in the process, depositing and withdrawing cryptos into one exchange after another just to know if that particular exchange meets their needs. And since every exchange does not have a demo account, it can be discouraging, so here I am.
I have used Poloniex, OKEx, Zebpay, Coinswitch, HitBTC, HuobiPro, KuCoin, WazirX, CEX.IO, Kraken Pro, Coinbase, Crypto.com and Binance. For series of reason, I used multiple exchanges. I wanted to personally find out which of the exchanges were more suitable for trading in various fields such as margin rate, fees, provisions, and promotions available for dedicated traders. And most importantly, Customer Dealing.
So, taking all these matters collectively, I want everyone to know that I have chosen Binance as my ultimate choice. I'd also like to share my honest assessment why I have chosen Binance to the readers.
First and foremost, I want to state that Binance cares for its traders. Let me summarize. During my initial trades in Binance Futures, as soon as I had three consecutive losses, I was repeatedly informed through my Email and Binance App warning me that I could lose my capital if I'm ill equipped with the proper knowledge.
Let me tell you that my account was far away from liquidation, but still I was fore-warned. And this was not a single incident but I had consecutive losses because of my folly, and every time, I was notified. This aspect alone proves to me that Binance cares for its Traders and it is not into business only for profit.
Of course, other exchanges also notified me when I was trading in Futures with high leverage. But that was only after the liquidation of my account has crossed 80 percent.
You can keep on telling me about Buying and Selling Rates of Binance. Their rates are so good to be true. Since they have the highest number of traders using their exchange, their market is so competitive, unlike many exchanges with very few traders where one is compelled to incur losses even if one decides to sell at market rate. Indeed, one has to sell very low below market rate in order close one's portfolio.
You'd be astonished by the number of different cryptos and tokens Binance accommodates. I'm assured that you'd find your favorite crypto and tokens amongst them. And that's not the end of it. They keep on adding reputed cryptos and token. Recently, they have included JUV and PSG tokens for football fans.
Okay, their provisions. On top of spot, margin and futures trading, they have other numerous sectors such as savings, stalking, pooling, crypto battles, loans etc. There are endless aspects where one can multiply their capital. You will find that you have no need to visit other exchanges once you are acquainted with Binance. A one-stop-destination for a trader, whether one is pro or an amateur.
They also have an hierarchical system (VIP Levels). The more you trade, the higher in hierarchy you reach, offering you the priviledge of reduced trading fees.
It also has a task center and reward center where traders are rewarded for accomplishing certain tasks and rewarding dedicated traders.
For all these reasons, I'm now a dedicated Binancer, although I am a very small time trader, still learning the ropes.
In conclusion, I'd like to say to Binance to keep it up. And if I have a say, I'd appreciate if Binance would reduce its trading fees, a little bit more.
Viketo Sumi (Armani123)
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Alternate cryptocurrencies / Service Discussion (Altcoins) / My superbly fulfilling experience with Binance
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on: January 20, 2021, 02:31:19 AM
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I'm a newbie in crypto trading and I wanted to share my unbiased experiences with with various Crypto-Exchanges. I'd love to individually benchmark every exchanges I've used, but that'd amount to a lengthy article. So I'd rather relate about the best exchange I have discovered from series of exchanges I have tried, practically and personally.
The sole reason I'm writing this article is mainly for a newbie like me - trying out each any every exchanges there is in the market to find their niche. And in the process, depositing and withdrawing cryptos into one exchange after another just to know if that particular exchange meets their needs. And since every exchange does not have a demo account, it can be discouraging, so here I am.
I have used Poloniex, OKEx, Zebpay, Coinswitch, HitBTC, HuobiPro, KuCoin, WazirX, CEX.IO, Kraken Pro, Coinbase, Crypto.com and Binance. For series of reason, I used multiple exchanges. I wanted to personally find out which of the exchanges were more suitable for trading in various fields such as margin rate, fees, provisions, and promotions available for dedicated traders. And most importantly, Customer Dealing.
So, taking all these matters collectively, I want everyone to know that I have chosen Binance as my ultimate choice. I'd also like to share my honest assessment why I have chosen Binance to the readers.
First and foremost, I want to state that Binance cares for its traders. Let me summarize. During my initial trades in Binance Futures, as soon as I had three consecutive losses, I was repeatedly informed through my Email and Binance App warning me that I could lose my capital if I'm ill equipped with the proper knowledge.
Let me tell you that my account was far away from liquidation, but still I was fore-warned. And this was not a single incident but I had consecutive losses because of my folly, and every time, I was notified. This aspect alone proves to me that Binance cares for its Traders and it is not into business only for profit.
Of course, other exchanges also notified me when I was trading in Futures with high leverage. But that was only after the liquidation of my account has crossed 80 percent.
You can keep on telling me about Buying and Selling Rates of Binance. Their rates are so good to be true. Since they have the highest number of traders using their exchange, their market is so competitive, unlike many exchanges with very few traders where one is compelled to incur losses even if one decides to sell at market rate. Indeed, one has to sell very low below market rate in order close one's portfolio.
You'd be astonished by the number of different cryptos and tokens Binance accommodates. I'm assured that you'd find your favorite crypto and tokens amongst them. And that's not the end of it. They keep on adding reputed cryptos and token. Recently, they have included JUV and PSG tokens for football fans.
Okay, their provisions. On top of spot, margin and futures trading, they have other numerous sectors such as savings, stalking, pooling, crypto battles, loans etc. There are endless aspects where one can multiply their capital. You will find that you have no need to visit other exchanges once you are acquainted with Binance. A one-stop-destination for a trader, whether one is pro or an amateur.
They also have an hierarchical system (VIP Levels). The more you trade, the higher in hierarchy you reach, offering you the priviledge of reduced trading fees.
It also has a task center and reward center where traders are rewarded for accomplishing certain tasks and rewarding dedicated traders.
For all these reasons, I'm now a dedicated Binancer, although I am a very small time trader, still learning the ropes.
In conclusion, I'd like to say to Binance to keep it up. And if I have a say, I'd appreciate if Binance would reduce its trading fees, a little bit more.
Viketo Sumi
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