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1  Economy / Trading Discussion / Re: Support & Resistance (Basics) on: December 21, 2018, 02:14:05 PM
Yeah support and resistance works ... until it doesn't

Something doesn't have to be right 100% of the time in order for it to work. These markets are completely irrational at times, there's no way to fully predict the price movements, support and resistance levels work a large amount of the time and as long as you know how to properly use stop-losses you should be able to profit by accurately identifying them and trading within them.
2  Economy / Trading Discussion / Re: [VIDEO] $174 mil dollars entered crypto in last month via stable coins on: December 21, 2018, 02:10:50 PM
174m is nothing in terms of the crypto market and you cannot even be sure that this money entered the market

It's a big thing actually. It's buying a stable coin out of these exchanges who are offering it available, and I think it's a safer way of entering the market because it wont print unusual green candles. Btw, these stable coins are also cryptocurrencies but only is backed by dollars to maintain it's stability and safety.

But it still could be that it was just funds being redistributed from one stable coin to another. Even if it is new money I stand by my point that it is not hugely relevant. While I understand marketcap isn't a true reflection of the money in a market, it still gives a vague idea. 174m in to a marketcap of over 100bn is a drop in the ocean.
3  Economy / Trading Discussion / Re: [VIDEO] $174 mil dollars entered crypto in last month via stable coins on: December 19, 2018, 12:20:14 PM
174m is nothing in terms of the crypto market and you cannot even be sure that this money entered the market. Just because a stable coin is being printed does not mean it's actually being bought and used. It could be that $174m entered in to PAX but all $174m came from tether, that tether still exists, it will just be sat in an account belonging to Tether somewhere until it's demanded.
4  Economy / Speculation / Re: How/Why to Buy Bitcoin in 2019 on: December 19, 2018, 12:17:26 PM
I don't think is it good to buy bitcoin this coming 2019 but since you give some tips it might be worth it to buy bitcoin this coming 2019.
Honestly, I just following the movement price last 2014 and 2015 so, 3rd quarter of 2019 I'm sure that bitcoin price will rise up again just like what happened last 2015 and I think more event will come this coming a year.

2014/15 crash took about less than 1 year of decline in BTC price before the recovery started. I believe if BTC were to reach new lows now that we would actually be in a bearish market for longer than that time.

2014/15 crash and today crash are different, back then there were only a handful people involved while right now almost everybody knows about it and some countries were starting to accept it. And IF we are going to create a new low in the future, I am afraid there will be no more new ATH in the future because of its volatility.
let's talk about Japan, for example. They were regulating their exchange and basically, they were supporting Bitcoin on that country. And when the price goes this lower, do you think only a handful people that lose their money? no, it's a lot.
and of course, they will suffer a set back(mentality and financially) if the price keeps moving down and creating its new low in the future. I am afraid, nothing good will happen.

Yes they're different but they're not worlds apart. The actual event that caused the crash in 2014 was far more cataclysmic than this bubble bursting but the market still recovered from there. While you're right that adoption is much higher this time around, as is awareness, it's still a long-shot from its true potential. For every 1 person that got burned this time around there will be another 10 or more looking to invest in the next bull run. Long term bitcoin cannot sustain such harsh highs and lows but it will survive this one.
5  Economy / Speculation / Re: cryptocurrency market cap at $100 billion... Are we bottomed yet? on: December 19, 2018, 12:14:58 PM
Thinking about more the events of today and the timing is starting to make a little sense. It's in line with roughly how long BTC took to bottom in 2014 but more importantly it is unexpected. Even the most bullish of people thought we'd see the price dipping to the mid to high 2000s. The bears were calling 1000s or even triple digit figures. The market always reverts when people don't expect it and when negativity or positivity is approaching its maximum
6  Economy / Speculation / Re: cryptocurrency market cap at $100 billion... Are we bottomed yet? on: December 18, 2018, 10:54:13 AM
There are some positive signs that it could have been the bottom with the significant market gains in the last day or two. Though I think it's much too soon to put any weight behind it. Market needs to recover much further for any hint of bullishness to return, BTC price breaking $4500 seems like a big step along the road. Soon 2018 will be behind us and I think whatever happens that 2019 will be a better year.
7  Economy / Speculation / Re: How/Why to Buy Bitcoin in 2019 on: December 18, 2018, 10:50:34 AM
I don't think is it good to buy bitcoin this coming 2019 but since you give some tips it might be worth it to buy bitcoin this coming 2019.
Honestly, I just following the movement price last 2014 and 2015 so, 3rd quarter of 2019 I'm sure that bitcoin price will rise up again just like what happened last 2015 and I think more event will come this coming a year.

2014/15 crash took about less than 1 year of decline in BTC price before the recovery started. I believe if BTC were to reach new lows now that we would actually be in a bearish market for longer than that time.
8  Bitcoin / Bitcoin Discussion / Re: Chances of Bitcoin as first ever currency in the Planet Mars on: December 18, 2018, 10:48:19 AM
0% chance because we'll never colonize mars. By the time we have developed sufficient capability to do so we'll also have been able to discover and reach much more suitable planets.
9  Economy / Trading Discussion / Re: New to crypto trading - Is now the time to get in? on: December 17, 2018, 10:48:30 AM
Hi all.  When the hype was at its peak about a year ago, clearly this attracted a lot of people.  I waited and watched.  Would love to hear views on if this is a good time to start looking at BTC and alts.

Also, have seen a few accounts that offer services (VIP signals etc).  Presumably some of these are better than others.... if so, what have been your experiences?  Thanks.

I would advise against any newbies trying to trade in this current market. It may be a good time to invest but it's not a good time to trade. There's little easy money going around and the market is in a constant downtrend, without knowing what you're doing you're liable to lose money. Perhaps try a paper account for a while to hone your skills before the market conditions become more favorable.

Avoid signals at all costs, they're not looking out for your best interests, they are looking out for their own. No one has a crystal ball and if they did they wouldn't be sharing it with you. They use these groups to get people to buy shitcoins off them at an inflated price.
10  Bitcoin / Bitcoin Discussion / Re: You know the famous quote about religion on: December 17, 2018, 10:45:43 AM
Well, it's a novel way to bash on BTC, I'll give you that. I mean this in the least hostile way, but if you really don't believe in BTC or any crypto then why spend time in a bitcoin/crypto forum? I am truly curious as to the answer. I personally find it hard to believe that the so called haters are all here out of the kindness of their hearts to try and warn people off losing their funds.

I am, I know someone that does nothing else than go on about btc all day, he doesn't have a lot of money but he believes one day he'll be a millionaire so he doesn't work.

I know of others who are similar, the sooner all crypto dies the better.



Well why not spend your time and energy trying to convince him to do different with his money instead of using it here? I know you may feel as if it is your moral responsibility but all of us are grown adults and we are capable of making our own decisions. At the same time we are responsible for dealing with the consequences of those decisions. If crypto does die (as per your wishes) then we are the ones that have to continue to live and enjoy our lives following that.
11  Economy / Trading Discussion / Re: Binance traders are making more money than other traders on: December 17, 2018, 10:42:56 AM
I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

This isn't at all surprising given the high volume on Binance, there's just more scope for profitability. Couple that with an attractive fee structure compared to some competitors.

For daily or regular traders fees is very important and if this is the minimum as compared to the other exchanges then  daily add up a good amount at the end of the month . So today we have so many people who are doing this full time and some credit goes to binance which is making it possible .

It's something that is oftentimes overlooked. I noticed it myself quickly in my earlier days of trading. When trading small margin in high liquidity margins I would sometimes have a daily trade volume of 20 times or more my entire balance. That was on bittrex which meant I was paying 0.25% of that 20 times which came out to be 5% per day. When transitioning to binance this was instantly lowered to 2% and even lower if using BNB for fees. That 3% a day really adds up over time.
12  Economy / Trading Discussion / Re: Trading is a zero sum game. on: December 15, 2018, 10:16:37 AM
The very fact of trading being a zero sum game means that at all times there must be winners and losers, if those winners left the market, the losers wouldn't stop losing, the winners would just be replaced.

You cannot be annoyed at people for taking an opportunity presented to them to generate profit from doing something. Each person has their own choice in life of who to be and what to do, if they choose to trade, good for them. If they choose to try and solve all of the worlds problems, good for them. Neither one is right or wrong as they're surely only motivated by what makes them happy.
13  Bitcoin / Bitcoin Discussion / Re: You know the famous quote about religion on: December 15, 2018, 10:11:39 AM
Well, it's a novel way to bash on BTC, I'll give you that. I mean this in the least hostile way, but if you really don't believe in BTC or any crypto then why spend time in a bitcoin/crypto forum? I am truly curious as to the answer. I personally find it hard to believe that the so called haters are all here out of the kindness of their hearts to try and warn people off losing their funds.
14  Economy / Trading Discussion / Re: Binance traders are making more money than other traders on: December 15, 2018, 10:07:41 AM
I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

This isn't at all surprising given the high volume on Binance, there's just more scope for profitability. Couple that with an attractive fee structure compared to some competitors.
but if in my opinion it depends on the person to use, because if the way of trading is not appropriate for sure to get a good profit is difficult, so it all depends on how the person trades

Sure, person to person it does. Some people may not be profitable on Binance but they are on bittrex for example. But on average people are going to be more profitable in a market that has a better fee structure and offer more opportunities for trade due to high liquidity.
15  Bitcoin / Bitcoin Discussion / Re: Does the Value of bitcoin depend on economic dynamics? on: December 14, 2018, 12:50:25 PM

Like every fiat currency today, bitcoin has assumed the position of a currency though typified as a crypto-currency. But in reality, it is obvious that the value of any country's currency depends to a large extent on her economic dynamics and activities (demand, supply, external reserve, level of production, etc.) . By that i mean, the strength of an economy determines the strength or purchasing power of her currency against those of others.

On this basis what can we allude to be the cause of the recent decline in value of bitcoin?

This is because, the United States, China, Europe etc experienced mild growth in the 2018 fiscal year as such one would have expected an improvement in the value of bitcoin just as the value of those other countries have either stabilized or improved.



If you consider where the demand for money comes from then you'll have your answer. For most currencies it is for transactional purposes. This is also true for bitcoin, unlike other currencies where it is influence by a single economy it can be influenced by all economies and several micro-economies also.
16  Economy / Trading Discussion / Re: Binance traders are making more money than other traders on: December 14, 2018, 12:48:11 PM
I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

This isn't at all surprising given the high volume on Binance, there's just more scope for profitability. Couple that with an attractive fee structure compared to some competitors.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: WAVES has come A LONG WAY in the last two and half years! on: December 13, 2018, 05:04:46 PM
Waves is quickly showing itself to be better than ETH, but so are many other coins and if some of them deliver they'll be a further improvement on ETH. There is so much competition in this field that many will never get the market share that they deserve. ETH benefited so much from being a first mover as bitcoin has done so over the years.
18  Bitcoin / Bitcoin Discussion / Re: Bitcoin is still Bitcoin, but we are greedy. on: December 13, 2018, 05:02:45 PM
Lot's of post about Bitcoin price, few are worried few are motivating. But I want say Bitcoin still is Bitcoin but we are greedy. We just want become rich suddenly like magic. We don't want to wait. Every currency fluctuate on the world and we are not think about it but if it's happen with Bitcoin we start make sound. Really are we not greedy ? Once Bitcoin was around $20K we didn't sold it and we expect it will raise more then we will sale. Many people's bought on $20K what about them? Now it's near $3K and we are expecting it will come more down then we will buy. So actually we are really greedy. Still Bitcoin is Bitcoin, just price are plying. If price go again on $20K then we will think why we not buy when it was 3K.

However just I want to say don't expect become millioner on a day. Still you can buy Bitcoin, no one was expected it will go $20K on last year. But once it reached then fake expert was give prediction it will go $25/30K. Now dumping price again they are giving prediction it will go $1/1.5K. Don't trust them. Keep patience, if you are holder just think you have diposite it bank for a year. If you want to buy then do not think it will go down and then we will buy. Just buy and hold it. Who know when it will up. But your Bitcoin will be same Bitcoin so don't worry about USD price. Any time it could be recover. Don't be hopeless and sale your Bitcoin.

BTC is as much about public opinion and acceptance as it is about the technology. While BTC tech is the same or better than it was a year ago, public opinion and acceptance is much worse. So it's not the same as it was.
19  Economy / Speculation / Re: Weiss Ratings reveals this is the best time to invest on: December 13, 2018, 04:51:40 PM
I would say that now does seem like a promising time to invest though I do expect a clearly defined bottom to form first after a sharp drop and a sharp rebound so maybe somewhere around 2500. Though this news makes me less optimistic, Weiss generally seem to be fairly far off with their predictions and are very lax in a lot of their reporting.

As for Bakkt. That's not going to cause a bull run of its own. It might add some market support or contribute slightly to a steady recovery but it won't cause any kind of buying frenzy.
20  Economy / Speculation / Re: Japanese Regulator Aims to Reduce Crypto Tax to Revitalize the Market on: December 11, 2018, 07:53:17 PM

One Japanese congressman and lawmaker, proposed ...


He proposed. Why dont we wait what will other few 100 congressmen have to say.

I can tell you near word for word what they'll say "no, I don't see any way in which this will benefit us, we should not be making it easier in order to encourage people to report their tax liabilities, we should find a way to punish those who do not".
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