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we know many of the factors that make bitcoin fall and also we already know that many factors make bitcoin rise and high. bitcoin volatility affects all trades on the market.
I am still skeptical about the factors that make the bitcoin stable. please share your knowledge here about factors that can make a stable market!
In my own opinion the most important factors that will make bitcoin stable is when most of the people view this as one of the main financial currency. Many perceive the BTC as investment but not as currency. The price volatility of BTC is because of the sudden shift supply and demand during the trading in the market. But once BTC became the main currency of financial market then the price will start to become stable. |
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Hi guys,
Was analyzing the price movement of BTC and by the looks of it seemingly having a triple bottom at a price of around 7000 and other indicators also seemingly support this text book theory.
I am still very much early into my Technical Analysis and from the theory I have read, seemingly a triple bottom occurs in a long downtrend and a sign of a bullish reversal. I honestly dont have any experience dealing with this kind of situation so was just wondering if anyone can give me a approximation of the probability of this taking place? If so what kind of run up can we expect?
Hope I am clear in what I want to ask.
Thank you
This is not always the case. Sometimes even you have seen the triple bottom or 5 waves it does not follow the reversal that it should happen. You need to look for other indicator such as volume, MACD, RSI, and S and R. Relying purely in TA analysis might also put you in disadvantage you need also to consider the fundamental aspect. Sometime investor sentiment is powerful than TA. |
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why the state does not print a lot of money? than debt to other countries. is not it easier to make money than debt and ultimately burdens the state?
whether if printing money will have an impact on the money itself? or will it impact the value of the money in the eyes of the world?
Printing more money will results to hyperinflation it is an occurrence of rapid eroding the real value of the local currency, and causing the population to minimize their holdings of local money. It has serious bad effects on the worth of the money. Printed money should be equal to the gold reserve of a country. |
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Crypto world is in crysis now and it's not only due to red market but also because of tons of scam ICOs. And that pisses a lot of bounty hunters off cause scam ICOs produce useless unworthy tokens! People waste sometimes several months to participatein bounty and either get no tokens or get shitcoins. It's so hard now to find a good bounty. eCoinomic.net platform is running one now and it looks pretty solid and trustworthy, they also predict a balanced growth for CNC token https://bitcointalk.org/index.php?topic=2897866.msg29799978#msg29799978But how do you guys know if your bounty is trustable? Why do you personally trust bounty you're participating in right now? Bounty campaigns works perfectly to those people who doesn’t mind losing time and effort in front of computer. Joining bounty has no guaranteed return. But in some people here I the forum they already know bounty manager who has high success rate. Maybe it is high time for us know those bounty manager who has credibility on making ICO successful. |
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I am hodling few coins in an exchange and do some trading. Cut losses were fine with me 'coz I'm a bit scared of high loss, I am just playing in a safety mode. But, while many are happy with the eth's continuously pumping and traders are happy to see the market's optimistic view, I am still here waiting for the Eth to drops heavily like at least $30. So, I can buy some and will experience the fruits of eth's benefits as well.  Is it possible now, to reached down it's value like that? Like hello? I've been waiting for a couple of months. Lol Am I the only one here, in the contrary of patiently waiting for eth to dump like hell? I don’t see your rationale of your desire that ETH would become $30 apiece. Granting that it happen then what would be your assurance that it will return to high position. Most commonly happen from this kind of scenario is the coins never got back to high price because something bad happen to the crypto. Take example of Bitconnect from as high as $400 it when down to $0.71. There are no guarantees that your desire will happen. My advice to you is instead of waiting the coin to crash study harder on technical analysis and start trading seriously. |
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Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
I don’t think so! I think the government is just doing their job protecting its citizen from people or organization taking advantage the crypto craze. The countries prohibiting the cryptocurrency are only limited. I think it is a good sign that some are still upbeat to cryptos they only ensuring the public safety. |
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Hey what do you think, is it risky to buy crypto currencies that are not top 100? I mean do you have a higher chance to lose your money or not?
Not really there are promising coins out there but not included in top 100. Investing is based on your own risk appetite. It is only our perception that it is good to invest within the top 100 crypto. Losing money is dependent on your skill in trading and not on the cryptocurrency. Even you choose good coins if you lack in knowledge then the probability that you will lose money will increase. |
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Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?
I don’t believe that to be able to become successful trader you need to become college educated. But I do believe that to become successful in trading you need to be educated in trading discipline/courses. This is the key for long term success in trading. Knowing the technical and fundamental analysis is vital for victory. |
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I think that the cryptocurrency market us unique, because many investors don't understand blockchain technology. So they rely upon experts on YouTube, Twitter, and Telegram for information, analysis, and advice. As a result, we have the phenomenon of crypto influencers. Some are reputable, like Carter Thomas of Coin Mastery, but others are not. What's your opinion on Crypto influencers? Are they good for this market and the cryptocurrency movement? Do you take advice from them? And who's good to follow?
Following the trading advice by crypto influencers exposes you to a lot of trouble. The logical thing you might do is to only make it a basis for your initial strategy but never make those advices as your main factors for decision on trading. The danger on that influencer is we don’t know who is really saying the truth and not so it’s better to trust your own analysis. |
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We should trust our experience in trading even though the situations got worst, and I don't think panic selling is the solution. What will happen to your future profit if you sell it all due to you're panicked? That's why we should stay stronger and keep the faith burning so we could stand against negative speculators.
This is not true all time my friend but I respect your opinion. Your action will depend if you are trader or long term investor. The logical thing to do if you are trader during sudden drop of price is to cut loss and try another trade in other day. While if you are long term investor this kind of drop is nothing to worry since you are looking at the 2-3 years perspective. |
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JULY 2018, we will see what aero deep want us to have,.
that time of the year they will launch the beta of their project.
2019, eceryone will see the success they will be having and more drone in the sky will be seen with cargoes.
Its a good time to be alive when technolgy take a huge step of innovations in terms of delivery service and other thing that drones can be involved. If this project continue to success there will be a flying cars too. That's right! The platform of the deep aero and also the Product of the deep aero project will serves as a stepping stone to have more innovative gadgets and machine in the future im sure that there will be a lot of people that wants to be part of this project Well, as what we see in our world, there are many technologies invented to lessen the work of people, to make it easy, to make us be more updated and when times comes, so many people around the world will be interested to use such technologies to make their work easy, and to make it possible to use ofcourse they need a capital to implement it around the world. Deep Aero is a very big help to make drones be implemented all over the world, and to make it possible we need to support it to have more investors invest on it. If this will be the case may I ask if Deep Aero project will be another job killer? If these technology will lessen the work of the people; why as an investor would support this. Though I really like the concept of this project there are some things that I am not comfortable. |
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I feel that i never have enough coins. To day i just bought another batch with Icon (ICX) i am not only bullish on ICX but wish i had more of WAN,VEN,ONT,NAV,OMG and EOS.
Do you guys feel the same thirst/hunger to buy/add more fiat to the crypto world. And when is enough ?
Because of the long downtreand we have been withness to now. Do i start to be positive to what i see right now. And want to take a loan in the bank 50k to buy more of the coins that i have mantion in this thread. The plan is to make 2-3x and sell some and pay back the loan. I know this sounds crazy to most of you and i know it is.
Positive and negative comments are all welcome in this thread. Thanks
Greed is a dangerous feeling in trading and investment. The rule of thumb is whenever you have this kind of urge the more you should be very careful. Never engage trading and investing if you this feeling. Many people burn their money out of greed and I hope you have not burn yet. Only invest money in crypto that you are willing to loss this is to minimize your damages. |
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So I basically got fomoed. Towards the end of 2017 I saw how high bitcoin skyrocketed and decided to invest in ripple as a test. Less than one week it went up 3x. This made me more ballsy and I put in 11k total in various other alt coins like ripple, ethos, tron, and cardano. After the crash I lost about half of my value just like that. I am frustrated with the experience and wish I would have just put in 1k or something. I wish I could just not invested and went into what I was doing earlier which was just investing the boring and traditional way. Should I wait and hodl or pull out and do something else?
There’s nothing you can do to reverse your situation. You two options: Option number 1 is to accept that you have already lost the 50% and at this moment you will cut your loss. This option is radical one because the amount you have invested is gone already. But the good thing in here is you learn that trading is not an easy task and next time you will respect that trading is not have always good endings. Also based on experience in order for you to recover your loss you need to hold your portfolio for 5 years. But this doesn’t guarantee you that it will reverse. Option Number 2 is to hold your portfolio and wait to recover your investment. Patience is the key to success in this alternative. 5 years of waiting to be exact with no guarantee that it will reverse. I prefer option number 1. Now the choice is yours amigo. |
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2017 is consider the golden year of ICO but despite of this 46% of them failed to deliver their promises. I think bulk of this failures is because lack of vision of the project. They are only good at paper but delivering what they stated in the whitepaper are not seen in the end results. |
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Back on topic, you cant really say that we should not being too emotional but these things cant really be avoided yet we are risking out our money that's why its normal for a human being.The thing here is that on how you gonna handle in times of this one. There are lots of ways on diverting your attention into other stuffs.
If you are dealing with a huge amount of money, it is emotionally draining when you see your investment going down, but if you have entered the market when the price was low then there is nothing much to worry, all my investments in this market are in profit and i really do not care when the price crashes in the short term, i am just in it for the long term and if there is a major correction i will evaluate my positions. Not all situations of traders would be similar as yours which there would be always an encounter either emotionally draining because of seeing your portfolio going on red or deep loss on a bear market.If you do already holding up for longer or lets say years where the profit was just enough to cover the bearish trend then that would be good because you are not stressed since you are still seeing positive but on over all its just like the same because profits would be still on loss. It is really hard to be in this situation most especially during the entry in the resistance 2 level. It is easy for to say to calm down but in reality if we are in this situation the normal reaction is lose control of the condition. In addition to hold the position maybe it is also a good practice to temporarily have a break in trading until such time you already know your next move. |
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Top reasons that leads to fail in trading Being emotional. It's hard to control your emotions especially once prices go down and you see all your money go down the drain. The panic seller's attempts to cut losses has only hurt them more in the process and makes them end up losing even more. Unfortunately, FOMO takes over and this is what kills the newbie traders. Using your emotions will probaly lead you to lose everything.. Drifting through the wind. chasing the ones that are already pumping, which is very risky. You bought when the price is still high then price dropped and you are holding a bag of expensive coin. Don't put all your eggs in one basket. Diversity. Diversify your investments so if one falls, other investment may help you to recover. For best in the trading field you need these 5 things to be added in your check list, as all these five things are pillars of success here in the trading. 1) Solid Trading Strategy
2) Trade Plan
3) Money Management Skills
4) Reasons for Entries and exits.
5) Journal, News
P.s
I have quote some people words from my last topic
I like to add the greed factors. It is common culprit of bad decision most especially during Bull Run. More often people still invest even they already know that the market is overbought. In case of selling, many traders didn’t stick to their trading plan in hoping that the price still increasing. But most this kind of trader lose because they were left behind in low price. |
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What is the famous saying....."If you can't handle the heat get out of the kitchen."
There are so many people crying about the recent of BTC that I'm frankly getting annoyed. You should know the risk involved in investing in crypto. If not, don't even waste your money. Go buy a CD that won't make more than the rate of inflation. Remember investing is literally legalized gambling. Treat it as such or don't even jump in the pool.
These groups of people are usually sore loser who didn’t do their assignment. They keep complaining their misery to others. Cryptocurrency is known to be the most volatile market, so if I were you don’t jump in because of hoping to big gains. You need also to consider the risk of losing large amount of money. |
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Losing your hard earned money on trading is one of the traumatic experiences that might happen to you. This is usually happen when you are so bullish on the coins you are investing. Here are my thoughts on how to redeem you from this kind of experience.  1. Acknowledge that you did something wrong There are no other ways to start the process of redemption by accepting the fact that you made wrong decision. You need to accept that every once in a while we do poor judgment. It is important; when this thing happens to us we are ready to humble ourselves that we committed mistakes. 2. Identify the problems
a. Lack of experience – I was a successful trader in stock market winning mostly of my trade. But playing here as a day trader in crypto is something new. Your success in stock market doesn’t guarantee you success in BTC. b. Playing aggressive – Since I have too much ego in my head I put all my money in one coins only. I didn’t consider altcoins to hedge risk from BTC. There are altcoins who doesn’t affect much by this massive correction. c. Didn’t follow my trading plan – Foundation of trading practice is to follow the plan you have originally set. Your exit strategy is one of those important decisions you will made. It composes of selling and cut loss strategy. 3. Courses of actions a. Never stop growing (learn the new market) – In every new things to we do it is very important to know our strength, weakness, opportunities, and threats (SWOT). Money is involved in every trade which make, which gives us reasons why we need to study the every aspects of cryptocurrency. b. Follow religiously your trading plan – There some trader who doesn’t have trading plan, in my case I have one which was not followed. Trading plan was based on your personal experience in trading. In time these plans was polished and test its effectiveness. If followed properly chances of success are increase. c. Never stop trading – If this single defeat dictates me to stop then the real loss will happen. These circumstances should ignite us to continue, make this experience to hungrier for success. d.Diversify your portfolio – Never do all in trade. These will gives you room for another alternative once the other coin doesn’t do well. Balance your portfolio composes of your well research coins. After careful assessment of my situation, I believe that once a trader will always be a trader. I may lose sometimes but will rebound harder and stronger.
Remember merits are perishable if not useTaking a break for a period of time helps you recover from clouded minds. Usually after losing great amount of money we usually tend to become more aggressive. During this time people become more prone to doing bad decision. For you to recover you need to revisit your trading plan. I also agree with your courses of action. Following this religiously will make a difference in the end results. |
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Technical trader has no problem determining about the resistance and support area. But how did they able to know that this is the resistance point and this is the support. I am a trader but I am not a technical trader. What specific signal or volume or etc to know it is that and that?
You may refer to this video regarding determining the resistance and support area. https://www.youtube.com/watch?v=DfNYmXkCfOsI really confuse in your post how come you become a trader if you don’t know the technical analysis. I suggest you to take time to study TA because although it is not hundred percent correct but at least you have basis on your decision. |
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Hello, I'm a very modest miner with 4 graphic cards, 2 on ETH and 2 on BTC throught nicehash, nothing fancy  I'm thinking about a selling strategy for my mining income and I welcome criticisms and comments. I'm not the best at economics and it may be heavily flowed, that is why I need you. Note of interest: I believe in crypto so I'm long-term bullish. My goal is obviously to make the most money possible out of what I mine but also play it safe to avoid loosing everything in case of BTC's price tanks too hard. I was thinking to follow these rules: - Keep 50% of what I mine and HODL to it. Selling some of it by small increment from time to time if BTC keep rising. (Like sell a bit when BTC reach a new high at least > 3k the last high)
- For the other 50% that I mine:
- My lowest selling price is 9000 euros. If/when BTC is under that price, HODL. Under that price i'd rather eat electricity cost and consider it a hobby/gamble (same reasoning for ETH)
- If BTC is high enought, my idea is to put a stop sell order for 33% of what I have to sell at 10% below the current price. 33% of what I have to sell at 15% below the current price and the last 33% at 20% below the current price.
- If BTC price increase, I'll slowly relist my BTC at the price that matches 10/15/20% below the new max price.
The other alternative I see would be to sell at or around market price every week what I mined. My strategy has the advantage of getting me more money if the coin price increase. In case of a decrease, I control my loss and do not lose more than 10-20% of the current price. I welcome any tips / idea and criticisms about my risk-management plan to sell my mining income ! How would you guys approach the situation ? In my opinion you have a perfect and good selling strategy. All you have to do is follow your plan religiously and annually review all the applicable changes you need to revise. Even you have perfectly fine strategy you still need to review it for effectiveness calibration. Cost of mining and price of crypto is a determinant of your strategy. These two should be monitor monthly. |
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