 Show Posts
|
|
Pages: [1] 2 3 4 5 6 »
|
|
My portfolio lost 10%.
I got real sick went into the hospital for 3 weeks where I didnt have access to trading. Stupidly I didnt put stop limits, but I did lock in some profits.
From what I read we werent in a bubble, I even remember seeing coinbase commercials in the hospital bragging about how BTC was going up and up. I was surprised that coin base got that big, but based on the fact they "lost" some coins of mine and I have been emailing cust serv for four months with no reply, really should be able to afford some really good commercials. If you cant trust coinbase who can you trust? MfGox? trevon,BTCNick and what ever that pyramid scheme was called? What ever happened to them anyways? I hope jail.
But seriously, what happened where it slid so quick after seeing such steady gains? Not like I can read the WSJ or money.cnn.com and see news or prospectuses coming out
I only lost 1k$USD but I'm pissed because my sell window was within 200 bucks which I thought I could hit. N00b mistake.
PS whats "Phase E" or a phase for that matter? I hear that on tradingview lingo.
|
|
|
|
Of course, in addition to its investment value, Bitcoin is seen as a currency, and its characteristics are decentralized and anonymous.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.
There are so many merchants now accepting bitcoin other than Amazon and Tesla. This article give the top 11 major companies that are accepting bitcoin - https://www.buybitcoinworldwide.com/who-accepts-bitcoin/Microsoft, Overstock, Home Depot, Namecheap, Starbucks, Whole Foods, NewEgg, Lolli, FoldApp, Purse.io, CoinCards Those are just the major companies, there are also smaller merchants that are now accepting btc. So it is not for trading or investment purposes only but you can very well use them in a lot of merchants. You can also check this one out - https://99bitcoins.com/bitcoin/who-accepts/So I can go into a home depot show a qr code on my btc wallet and buy some lumber? Or is it some obscure online thing? |
|
|
|
|
I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
|
|
|
|
|
BTC is going so high its getting hard to day trade, my megar thousands of dollars just doesnt have the buying power to take advantage of a big swing. But Im also not a gambler so I wont buy "junk stock/bonds" type of coins where there is no real utility to them and are likely to pump and dump.
1 BTC
2 ETH
3 LTH
4?
5?
I want to diversify even though it seems like they all follow bit coin, but I can buy much more liye coins then BTC. Is it possible that BTC can get so that unless you have some serious money you are not going make shit day trading even if its a perfect;y timed trade.
I liked it when BTC was sub 17k because I could buy a couple grand watch the price swing up sell and make some decent money. Or is my strategy all wrong? I dont like to go long but I do have some BTC and only BTC that I am going long with because it seems to recover and bounce back, HODL if you will. But I want to use the other half of my crypto account thats just sitting in fiat right now. I bought one coin a few month back EOS? where the price went up 60% quickly then I sold when it platowed, its one of those coins thats made to be spent on goods and item hence solving the problem that if you were a merchant accepting BTC you would have to sell constantly so you are not losing your money in the market, what I though bitcoin was supposed to be for. BTC could totally crush western union and cash app if it had a stable coin counter part.
|
|
|
|
What would you do? WWYD?
Zoom out your chart to get what is happening with the general price movements. This step to zoom out help you to identify resistance and support. Notice the changes of volume together with any peak or dip. Zoom in the chart to last few days (1D candle) and use 30 min or 15 min candle to choose your entry. Price usually bounces after 4 or 5 red candles and falls back after 4 or 5 green candles. Thank you this is the best real advice I have found on this board most people are critical but not constructive. |
|
|
|
There is no good or right answer to this. This depends on a multitude of factors that are specific to a person's situation. The first thing that would have me wondering is if there is any merit to the Super Cycle theory that claims that we might not be at the peak of the current cycle, but that this cycle and the next will merge with us being just at the beginning. That would mean that the price of BTC is yet to go up to its peak. On the other hand, more widely excepted models suggest that we are running through a normal cycle that will have it's end sometime this year. Just those two concepts will have you scratching your head on what to do.
So why is BTC up this last 24hrs and alts down? This I have never seen before, are people selling their alts to buy BTC? How can I find this out? |
|
|
|
|
Anything? did this predict the 55k ATH? Or was this timebase too short looks like it was going to do something.
|
|
|
|
 So I have my three charts: BTC/Coinbase 15 min interval Bowlingerband set to follow my time base (15 min) BB pair with an oscillator (I was told on this board to have your oscillator paired to get any useful info out of it) also set to same time base. I go back and fourth between 15min 1hr 6 hr SET a stop loss order for right around my buy in price (I dont like to gamble) With its stop price set $1.00 above its limit price (I some times get these mixed up and the order doesnt work; but I believe you set your stop price 1.00 above your limit price so it executes immediately) So Im looking for: The BB to pinch together on an upward price trend, and the AO "Awesome oscillator" to be above the line going from red to green? Please bear with the n00b questions not only is this all new to me but I'm also legally blind so Im trying to get this to work over multiple screens/machines plus a new iphone max so I can see what I'm trading if I have to leave the home set up. So many hours on tech support with microsoft and apple to pair the devices, half the reps I'm explaining to them how to make this work    . From what I learned on this board do my comments over the .jpeg make sense? |
|
|
|
I just started using this and it seems great even though you have to pay for it. I'm legally blind so it took me a while to get my charts set up. My question is this how can I make/clone this chart with other coins; same layout/tools different coin? I would start playing around with it but I dont want to mess up what I have set up since I'm actively trading and not quite sure how I got it set up. Does anyone here use trading view? Thanks.
It's free to use basic version. I use trading view implemented in Binance since that's the exchange I use. With that I have it easier to track all on one screen. I have a binance acct with 1000$ in it that I have been trying to get the user name and password to. Their tech support sucks I just paid the 15 bucks because I dont want to deal with any BS while trading. The money I make trading well pays for it. Im getting frustrated with the interface because I will run it on my phone different then on my PC since im legally blind and use the phone for quick glances, then trade in CBPro, seems more familiar to me. I just want three panes: Price, bolinger band, and awesome oscillator and want all three to sync to the same time frame so I can quickly look at 1hr 6hr 1 day and 15min. Maybe I just cant see... Thanks for all the help. This is going to be my job since im disabled and spend most of my day in bed. Im trying to get a real job but the program im in for the blind/disabled has me scoring too low on the physical test before they will place me into an office job. Social security just doesnt pay enough, even if you worked and paid taxes your whole life they dont give you shit back if you become disabled. Im lucky to have a computer and crypto, I just have to work the bugs out. If I had a sighted person come to my house for an hour and explain this I would be set. |
|
|
|
|
I just started using this and it seems great even though you have to pay for it. I'm legally blind so it took me a while to get my charts set up. My question is this how can I make/clone this chart with other coins; same layout/tools different coin? I would start playing around with it but I dont want to mess up what I have set up since I'm actively trading and not quite sure how I got it set up. Does anyone here use trading view? Thanks.
|
|
|
|
 OK so based on the indicators do I buy, knowing I'm paying a high price but seems market is going up but will peak and go down soon, so when I see (Being a cautious trader )the price go down ie two red bars on a 1hr/bar chart sell since I'm already at a profit right now, and wait a few hours/day for the price to dip then buy back in? What would you do? WWYD? |
|
|
|
So.. pretty much a typical pump and dump group?
... @OP not comprise of market movers, there is almost nothing you can do to the market. Manipulating the market would be so difficult at that point. There really isn't any chance of this happening. I know I have 0% influence over the market, all the people saying pump and dump should too. I was thinking more of a group where we could all learn together ie.: "Hey I think this will work". "No I tried that and lost money". I am good at learning from other mistakes. If someone sucks at something I still listen to them because I can learn what NOT to do. |
|
|
|
I wish I knew how to program a bot to do this.
1-Open youtube and type "python lesson". Spend 10h watching videos and learn basics of python (generally object-oriented programming) 2-Open api documentation - every exchange has their own API documentation (f.e. binance link - https://binance-docs.github.io/apidocs/spot/en/#change-log) 3-Start coding your trading bot 4-If you don't know how to code something use online examples: https://www.w3schools.com/python/That is really enough to start and it's surprisingly fun to do. Create something that never existed before. That work and generate profit for you. And remember. When you have a problem that you can jump over, just reach exchange support. API related questions are TIER1 priority for them. They know that 1 API day trader will create volume equal to 10-100 manual traders. They will answer immediately. About your strategy ... well yes, but actually no. You strategy is like "I'll buy low and sell high" the problem is with knowing when is low and when is high. Because chart can go like that too:  As far as python goes: I joined trading veiw after many here told me I needed a MA and oscilator since my limited info off coinbasepro wasnt enough to make educated day trades off of. After reading your post I found this feature called "Pine script": // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/// © beamin //@version=4 study("My Script") plot(close) Is this similar to what you are talking about but maybe more limited? Or is this a way to build your own custom MA or Osc.? Very immature strategy.
1- so all I need to do to cheat your strategy is to wash trade few K$ on a shitcoin that i want to get rid of? $1 mln fake volume cost around 200$-2000$ on kucoin.
2- "Invest in it, its price will increase in the next hour." what if not?
3- "Sell after 5% and repeat." what if not?
4- any plan B? exit plan? Yes its immature I have only been doing this for a few weeks now and I finially have made just over 10kUSD so now I can start doing this seriously. 1. No. I dont do shit coins only the top 5-10, I dont trust new coins or have enough experience to read them 2.IF not hold. Look at 15 min all the way to 1D charts. Be prepared to sell and take a loss or hold longer. 3. Play by ear, I turned a few grand into 10k in two months doing this. I could have made a lot more but I was cautious since I was so new. 4. Stop limit orders |
|
|
|
This was taken on a smaller time Frame that means you are scalping. You must have added some indicators to guide your process. At this point it should probably be hitting the lower Bollinger band and signal a buy. Just s guess because I only use small time Frame after analysis using big time frame and then check for entry point on small time frame.
I have heard of the bollinger band but have no idea how to use it. Do you have to pair it with a moving average? I have heard people say on this forum you need to use two indicators an oscillator and an average I think? |
|
|
|
People could trade at whatever hour they want, trying to trade on the most active period of the day or most active period of the week, or even most active period of the month, year will not really yield you any better or worse trades if you are not at the top of the game. Sure maybe there are very few traders who are so veteran and great at what they are doing that they end up with actually making a huge decision and change their trading according to time zone, but that is very rare and very few people.
Any regular human who makes regular trades should not care about it because the difference is just few pips and that should not matter to you unless you do 100x high risk leverage per minute. Of course there will be tons of people who will ignore this and keep on trying to find the best methods of trading instead of actually learning how to trade but that's okay, thanks to them we make a lot of profit.
What are pips are they like the crypto version of basis points? |
|
|
|
You can now transfer crypto into ameritrade and those other wall street brokers? Is this something new?
No, you can you use them as your checking account to get fiat to Coinbase / Gemini There is no worry about any issues with other checking account providers since although it looks / feels / acts like a checking account it's actually part of a brokerage account. I know several people who have used them for checking while only keeping a minimal amount in the brokerage part. That or you can just fix your issues with chexsystems. Call your state banking department if you can't get satisfaction: https://www.csbs.org/state-bank-agency-contact-quick-access-Dave Thanks for the link. I filled a dispute with check systems sending them a copy of my ID that had an issue date after they claim I was dead so I hope to hear back from them. |
|
|
|
Have you ever think to use Bisq? It's a decentralized exchange with no authority over your funds. You just need to install the software, add your bank account numbers, deposit your bitcoins and start trading with people. I have a thought on this mate, recently, Nigerian were stopped from using their bank(cards) in connecting with cryptocurrency transactions, however, their major means of purchasing bitcoin is through centralised exchange mechanism like Luno, Binance, remitano which all stopped operations with NGN cards transactions. Can bisq be used instead since they are decentralized platform with no authority over customers fund. I will do some research either to check if Nigerians are eligible to connect with their bank account details. Funny story I had an actual Nigerian business partner in real life, he was a doctor, radiologist, and on the side we imported cars. I sent over email my bank details to him, something I never thought I would do so it became a joke. But when I first met him I was very skeptical. |
|
|
|
That is one way to make good trading you study how it works and you make your own strategy, starting small is a good way to invest you made the decision use the amount of the money that you will not regret using that I think you are ready to lose. From what you said you also need sources on why did you come up with this strategy? or how? this can help a lot of people but for some, they will give it a try without anykind of sources.
Also sorry if Iam going to offend you because this is what I kind of did but I also win but its really time consuming for me I can watch the charts for every 5 mins and by doing this I did not get the chance to learn and I don't know why it did not work for me. At the very least I still did win for a long term of holding.
So what can you recommend for sources? I thought this board would help as people here said youtube videos are not good sources but nobody says how to do it right, they just tell me I'm doing it wrong. To be completely honest some of the reply's I get on this board sound like people who have no idea what they themselves are doing, because if they did they would offer solutions. Why are the people here so hostile to new members with questions? |
|
|
|
If it's really not what you meant, why don't you just turn it to group which give advice? A group buy/sell coin at same time is very similar with pump-and-dump scheme. Yes you are right, but this group would only be a couple people. If we had 50 whales we still couldnt pump and dump btc its way too huge. My idea was just that a small group that would learn from each other. Even if every member of this board put all their BTC together and tried to pump and dump btc it wouldnt work, btc is just way too big. Look how many it took to manipulate gamestop. Way more then this board could ever do. I dont understand all the hostility, im new to this forum and have learned a lot from it. My goal was to expand my knowledge while helping others. Not get 1000 people to put $1000's into some weird alt coin worth $0.37 cents then try to sell a day early. And to : ou're going to rely on "kid" youtubers' for your wisdom? Roll Eyes
If you put all your head together, you might (just might) have one brain cell between your collected group of wanna be traders.
Permanently set to Stand-By.. I was saying those people who follow kids on youtube back in 2017 that were clearly pumping and dumping were idiots like those who thought bitconnect could actually work. I'm just someone whos disabled out of work and need a source of income during covid. Between being legally blind and physically disabled I dont have many options when things are normal add covid to the mix and since I live on social security I take this seriously as I'm trying to make this into my job. Sure not all of my ideas are good, like this one but the only way to find out is to try. Reposting "pump and dump" in countless replies isnt helping anyone out. What I dont understand is how people think that I have he power to manipulate the price of BTC; I dont even own a full bitcoin. |
|
|
|
Only oscillator is not enough for you to trade. You need to combine one oscillator with at least another indicator but it is not a type of oscillator indicator.
I mean the you can combine a pair of indicator: one is for oscillator, and the another is for the TA indicator with relation to that oscillator. If you use On Balance Volume (OBV) as TA indicator, you would combine it with OBV oscillator.
So each oscillator has a indicator that goes with it? Do you use the OBV? Whats the relation between the two and what am I looking for? I use OBV in that post as an example of indicator pair. It is different on your trading view and plans, you can include each pairs and look at any overlaps on price chart and indicator charts and can get your conclusions. Think of it and try with few pairs before you can choose a best pair from your view. Next step is practice with discipline and stays closely with indicator pair. Don't let your emotion and other things affect your orders. One week or one month of practice can help you to see how it works. It is practice so you can use very small amount to test with every pair. So one thing I found by chance really was called the "Awesome oscillator" When it went green above the line I bought and sold when it dipped. I made six trades with it and profited on each one. I was using 1k-2k USD on BTC . How do you know what to pair this with? I dont think theres an "awesome oscillator" TA, and what relationship do you look for? The trading view definitions are really helpful but dont give you the whole picture, or maybe they are geared to more experienced traders. I wish there was a class I could take at a community college on trading crypto. I have forgot almost everything from the series 7 book I studied a long time ago, and that was mainly the laws nothing of practical day to day value. |
|
|
|
|
