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1561  Economy / Trading Discussion / Re: Success in futures trading after long wait. on: January 22, 2023, 08:02:42 AM
I continued to liquidation there without giving up.
No stoploss? Be clear, you continued to "gamble" without giving up.
This is a common mistake for people who are new to trading. They always think that their trade will always go in a good way so they intend not to use any method of risk management like setting stop loss and target price.
Another thing OP must learn is how much amount to allocate per trade, so you will still have some capital left once you need to trade again.
1562  Economy / Speculation / Re: I think Bottom is gone on: January 21, 2023, 01:48:17 PM


We are already around 50% positive since the local bottom last year which is around $15,000.
For me, yes, there is a high possible that it was already the bottom but I believe, there are a lot of possibilities we may visit that area or below $20,000.
Because for me, I am against to some people right now that they are talking about parabolic run again because the pump only started this year or happened in just a short period of time which for me is not healthy and I am still not satisfied.
1563  Economy / Speculation / Re: How was your belief formed? on: January 21, 2023, 01:44:23 PM
I am often considered crazy by friends around me who invest in stocks, bonds and real estate, they always laugh at me when we discuss portfolios and investment opportunities. Maybe some of us (on this forum) also have the same fate as always being ridiculed when talking about investing in bitcoin.
(....)
It's just crazy because they are thinking the wrong way and when they start to believe they are back to you and keep asking.
This is normal for me because they have a different vision from yours, and another thing they must not talk about for things that they don't know.

If ATH is formed again in 2024 or 2025 I think there will be 10 times more people adopting bitcoin and learning about it than today (or maybe even more than 10X) and I would really like to laugh at my friend who insulted me.

I thought I would like to know how your trust process builds up in investing your money in bitcoins?
I believe that there be more people will be introduced to Bitcoin even price is dumped or pumping.
Bitcoin is not here just for the price only, really use of Bitcoin is for payment. Regarding the adoption, there are also a lot of players in the cryptocurrency space right now, not Bitcoin only. Consider also these altcoins, if you combine whole altcoins market cap, they are huge. So, it will be different in the future, even the price of Bitcoin will not that high to pump compared to previous all-time highs.
1564  Economy / Trading Discussion / Re: Which indicators you use? on: January 21, 2023, 01:36:56 PM
EMA combination of RSI is already a good indicator for me, simple is beautiful and you can then focus to analyze the candlesticks' patterns after that.
With EMA will help you the price action and RSI is the momentum indicator, these indicators will just help your decision, so always verify and check before entering a trade, and the best is also to try to look at different timeframes, not just only.
1565  Economy / Trading Discussion / Re: Trading is risky, be conscious on: January 21, 2023, 01:34:29 PM
(....)
What would be your advice for those wanting to trade as a newbie?
Learn the basics. Because these basics are the foundation and core of everything in trading.
There is some newbie who wants to become one in just 1 night, but it's not possible. You must trust the process.

Another thing is "capital preservation", it's not always good to to trade, sometimes it's better not to trade than to trade for a trade that you are not sure, there are still lot of opportunity that is good entry in the future.
1566  Alternate cryptocurrencies / Altcoin Discussion / Re: Coins or tokens related to the AI or ML on: January 21, 2023, 01:25:24 PM
I don't really know and I am curious why Artificial Intelligence / Machine Learning does need cryptocurrency. It seems really does not work together.
Maybe they will do some token sales to support their development of AI/ML projects. But seems the use case of the token itself is not relevant.
1567  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Aptos speculation on: January 21, 2023, 11:43:06 AM
Aptos is really making huge noise right now.
I believe this Aptos project could be the next Solana if they will succeed. But I don't think it will happen. After a lot of layer 2 protocols now, I don't believe there will be new projects especially since this is a layer 1 protocol which completely different from Ethereum and Solana.
1568  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH & DOT on: January 21, 2023, 11:37:05 AM
A few years ago, I sold PolkaDot at its own high point after steadily buying it.
From now on, I will continue to invest in PolkaDot and Ethereum again, what do you think about the future of these two coins?
Seems Polkadot is extremely hammered during the recent bear market we experienced. And additional to that, if you are not yet aware, Gavid Wood (CEO of Parity before) steps down from its CEO position, but he is still part of Parity a blockchain infrastructure company which also focused on Polkadot/Substrate development.
1569  Economy / Speculation / Re: 2023 Elliott Wave on: January 21, 2023, 11:22:45 AM
the bull run continues it looks like we have a strong buyer, I just watch the awesome oscillator and it looks like doesn't loose its power  Grin but stochastic RSI and fibbonaci says it need to cool down first before another run, Want to buy but still scared at this time  Grin Grin
Me, I was worried because we gain a huge percentage of pumps in just a short period of time.
I am still waiting for the monthly candle close for this month and I will observe the price action of Bitcoin starting February up to the end of this first quarter of the year.
Overall, now I am still not satisfied for the market is already in a bull market.
1570  Economy / Speculation / Re: BTC bulls back? on: January 21, 2023, 11:17:37 AM
I don't think it's a question of the Bulls being back, it's a question of us getting back to normal. If you look at the history of bitcoin, its trend, and the halvings, last year we fell too much due to leverage exploding and scams like FTX affecting the whole crypto ecosystem.
(.....)
These are good things about a bear market for me, market cleaning the market like eliminating frauds or scams, and after that market is back again.
So for me, what we are experiencing right now is a pullback from the last quarter of 2022, where we experienced a bloody market.
For me, I am not still bullish for now, I am looking for wider, higher timeframes.
1571  Bitcoin / Bitcoin Discussion / Re: Bitcoin always shames social media experts. on: January 21, 2023, 11:14:48 AM
One unique feature of Bitcoin is that it always put social media acclaimed "experts" to shame. Sometimes these social media bitcoiners claim mastery over bitcoin. They indiscriminately predict its price as if they invented the coin with Satoshi. Even Satoshi now might not understand the price movement of Bitcoin because the creation is now economically powerful.
(.....)
In short, Bitcoin is always unexpected. And these "social media experts" are speculators also. Since Bitcoin is extremely volatile, you will be unable to predict what are the next actions of it.
And there are also some people who are not believing with Bitcoin, and I do believe that these people are also have their own opinion or some of them don't know what Bitcoin is.
1572  Bitcoin / Bitcoin Discussion / Re: Bitcoin increased my mental awareness on: January 21, 2023, 10:31:22 AM
3. Then, you realise you must have backups for all your wallets. But how many backups and what types of backups.
4. You make the backups for each wallet. But then you must find where to store the backups.
5. You find a place to store the backups. But then you are not sure if the backups are safe.
(....)
You must be careful here also, sometimes it's very dangerous if you have multiple backups that are stored in different places because sometimes you will forget and may be found by other people and try to open them and steal all of your funds.
It's ok as long as you are aware that you have a backup stored somewhere else and you are positive that it's safe there.
1573  Bitcoin / Bitcoin Discussion / Re: Genesis Bankrupt, Impact on BTC? on: January 21, 2023, 09:09:49 AM
more or less there must be an impact that is felt on bitcoin, because the news that is currently spreading will definitely have an impact on bitcoin.
but I'm not too worried, because I learned from previous scandals, that bitcoin won't go down too far, and surely there will be many people who think like that, and still hold their assets from being sold.


There are rumors on social media right now especially Twitter that there are some creditors of Genesis, and these creditors are big players in crypto, some are centralized exchanges, and cryptocurrency projects like the NFT platform.
Overall, these are just rumors and some of these already got explanations just like Mirana connected with Bybit, which Mirana manage *some* of Bybit fund came from Bybit CEO.
1574  Bitcoin / Bitcoin Discussion / Re: Bitcoin's freedom is Absolute! on: January 21, 2023, 09:04:10 AM
(....)
My point is, no one should detect for anyone how to enjoy the freedom. You can only advice or teach, stop seeing people using exchanges or doing kyc as anti bitcoin.
This is the point indeed what you can see right now on the internet. Most of the people who love privacy, will always advice you on some privacy matters that what they can see, they will educate you that x is bad, y is good, and you should this, and that.
I got your point, freedom always comes from our self. Just like they way we start using Bitcoin, it became freedom already.
1575  Economy / Speculation / Re: Bitcoin hits 20,000$ again, what is the reason? on: January 18, 2023, 01:59:01 AM
Another thing that could be the reason is if you noticed, these past few days especially when the year 2023 started, the value of the United States Dollar (USD) started to fall also while the cryptocurrency market or even stock markets started to rise.
There are a lot of reasons for me, especially since the Bitcoin block halving is fast approaching, it will happen next year, so for me, that's one of the reasons too why we started to pump recently.
1576  Economy / Speculation / Re: Did you sell off during the 21k price breach. on: January 18, 2023, 01:56:04 AM
It's tempting, but no dice for me, it's too early to sell as the price is still very low. Even if you bought at $15,500 the margin of profit is still not huge as compare to selling your stash in a bull run.
(....)
But if you are not looking forward to a bull run this year, you gonna sell even if you bought at the $15,000 level. For me, I have some Bitcoin that bought around $17,000 and just sold when Bitcoin broke the $20,000 level a few days ago because I believe, there are still a lot of opportunities to accumulate more Bitcoin before this year ends.
1577  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Nexo going down as well? on: January 18, 2023, 01:22:27 AM
Be careful with this exchange. After what happened to FTX Exchange, there are already a lot of centralized entities affected, by its contagion effect.
If you take a look at this exchange, they got very high APY/interest on their Earn Interest program which for me is very fishy. Recently, I heard Nexo faced some issues with regulators. For me, I will not use this exchange at all and withdrawal all my funds right now.
1578  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Crypto exchanges market affected by ICOs? on: January 18, 2023, 01:13:35 AM
ICO is a past story but people mutated ICO to IEO, IDO and more. They have different names to use but the main task is to raise funds from the crowd, from investor community or speculators. Nowadays, after the ICO scam time in 2017 and 2018, you will hardly to find projects that raise funds by ICOs.
(.....)
As you can see also that the evolve from ICO to IEO -> IDO became more centralized things and regulated. For sure a lot of people got their lesson after what happened on lot of scams during ICO.
For me, it's a good thing that there are already a lot of ways for projects to conduct token sales for their retail investors. Overall, there are still a lot of people who are manipulating these kinds of token sales ways.
1579  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum Shocks the World on: January 18, 2023, 01:08:33 AM
Ethereum Shocks the World: Half a Million Validators and Rising, Is Ethereum the Next Crypto King Or BTC?

tell me if it's a stupid question
Yes, this is a stupid question. For me, this is not a valid comparison, Ethereum versus Bitcoin is not the thing here.
Bitcoin will always be the king of cryptocurrency. And both great cryptocurrencies got different use, Bitcoin is a major in payments. Ethereum is likely more advanced, which focuses on smart contracts.
1580  Alternate cryptocurrencies / Altcoin Discussion / Re: How to profit from altcoins collapses? on: January 17, 2023, 12:45:48 AM
Is it possible to profit from collapses of altcoins? Do you have any ideas how to?
Yes, when you are trading, you can earn huge profits and loss huge also because of volatility. This is likely gambling also because I believe behind these pumps and dumps are manipulation from whales or other traders also.
For, I will not touch anymore these altcoins, it's not active anymore, and some of the trading volumes could be manipulated.
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