If you check the linked twitter announcement you will see that the zero-fee trading capability has already expired:


Obviously Kucoin is a good platform but they also have to be profitable and make money.
 

The way Samsung has played this is somewhat disappointing. ERC-20 compatible coins? Wtf? But, I get it. Even talking about crypto in relation to their newest Galaxy model is a huge step forward, not to mention the actual wallet implementation. It's important to keep the momentum going forward so that more and more people get involved in crypto. Overall it's a good news.

I have a problem to understand these raw data


Does it mean the spreadsheet contains every individual trade ever made on every currency pair?

If so, I can see why this information can be pricey, but I still have a problem to see the usability in trading. Can you share something about how people use these data in practice?

This is a tough choice. Either your family members learn how to deal with wallets and private keys, or they should find a trustworthy 3rd party. Maybe there is another option, but I don't know about it.

You can leave this choice to them actually. The main thing is you keep the private keys (to all of your coins) in a deposit box or somewhere that your family knows about.

Yes, it would be an amazing profit in 5 years, not to mention 10. If it only were possible.

Newbies are usually attracted by these promises and want to get rich quickly, only to lose their entire capital after a while. Otherwise market makers and exchanges that trade against their customers wouldn't be so rich.

I always see numbers like these and it makes me wonder:

Did anyone really manage to have a consistent 10-20% monthly profit (month after month)?

And I have serious doubts it is possible. To quickly elaborate:

10% monthly profit cumulatively means about 200% profit a year. You start with 1 BTC and at the end of the year you have 2 BTC
20% monthly profit cumulatively means about 800% profit a year. You start with 1 BTC and at the end of the year you have 8 BTC

These are huge returns that I think even the best traders in the world couldn't make.

Sure people claim they can do it, but somehow I doubt. I think you can make it once, two times, you can even be lucky to make it five or six times, but to have such huge returns on a consistent basis is impossible.

More realistically, you can have a consistent profit of 10-30% a year, but not that amount month after month long term.

The link is not working: "404 Not Found", so the OP should fix the page.

Anyhow, the website you are referring us to is all about the mechanics of trading. That may be enough to get you started but to actually make money, that's hardly enough. You would have to learn a lot more, including price action, technical analysis by using indicators, money management, trading psychology, etc.

This topic has been discussed here many many times, but I guess a reminder couldn't hurt. Especially if it is coming from OPs personal experience.

Sadly, the phishing site is still present in the search results of google, so one should never use google search to log in. Rather one should type in bitcointalk.org directly in the address bar to avoid this kind of phishing attack.

I couldn't agree more. You have to have some strategy to follow. And if your strategy parameters tell you to exit, you exit.

Otherwise, you will always have some regrets and missed opportunities will always linger in your mind. As a result, you will always be in a state of emotional turmoil. "Oh, I exited too soon." "Oh, I didn't exit on time." "Damn, I didn't enter where I should have."

That's why it is much better to have a definite strategy that you can quantify somehow. Either by using indicators, or in some other way. And follow it blindly. If you do, you can eliminate regrets entirely and be without emotional imbalances.

Great point. I think they can't make money. TA can be useful in trending markets, but when the market is ranging, TA is pretty much useless. Also, the sad reality is that the vast majority of TA crypto traders are losing money because they have been taught to be reversal traders, rather than being trend-following traders.

I'm not sure about this, but I think that the TA indicators (taken over from forex and the other markets) are probably not so suitable for the present stage of the crypto market.

Where do you trade?

If you trade on Binance there is a bot (free of charge) you can use. The drawback is you have to have some basic skills to install and make it work.

https://github.com/jsappme/node-binance-trader

Not only does it help you set a stop loss, it can also help you set a take profit level if you like.

The other drawback is obviously you have to have a permanent internet connection (raspberry pi connected to the net 24/7 or some basic hosting where your bot can run).

I used to follow some crypto guys that I thought were good. But then I found this guy:

https://www.youtube.com/channel/UCc8IRYpgBr4NGbaQFnd2b-A

He doesn't do crypto, just forex and metals, but I trust his system much more. IMO it is way better than the usual BS preached and recycled by thousands of other self proclaimed experts out there.

P.S. He won't give you the exact system how to trade. Rather, he would encourage you do make your own trading system based on technical analysis by giving you the basic rules and principles.

I have to admit that I'm not journalling, although I should. Keeping a journal is currently pretty low on my to-do list, so I'm constantly postponing it.

I'm aware, though, that experienced traders swear by it. Among the other things, journalling may help develop intuition and pattern recognition.

Probably this means that I'm just a beginner in trading, which in fact I am.

Glad you figured that out.

Let me know if/when you find a replacement for Bitmex you are satisfied with. I would like to try them too.

I think it is accurate, but I don't know about real time updates. I trade the day chart, so real time updates don't matter for me so much.

This part from your homepage caught my attention:


I have no idea what order routing means. Could you explain a little bit more?

$6232

Reasoning: On the monthly BTCUSD chart there is a resistance level somewhere between $5800 and $6200. I would like to see this level broken (in the next couple of months), so that it could ultimately become a new support level.

@micgoossens: Thank you so much for the opportunity to participate in this game.

I see that some of the negative comments revolve around market manipulation and people losing money. I tend to agree with the assessment that there is market manipulation. But there is also market manipulation (by the big banks) in the forex market that goes unpunished. People losing money is hardly an argument also. Nobody is forcing anybody to invest or trade for short term gains.

That being said, I don't think that Bitcoin needs an ETF. ETF can be a hidden source of inflation and additional manipulation. So we are better off without it.

Great news, great indeed. Keeping the finger crossed for their system to succeed and inspire the other online retailers to follow them soon.


I hope they won't regret this decision, because, in 15-minutes, the price of some cryptocurrencies can change a lot. The fee is more or less reasonable I guess.

A question: did you use "stop market" or "stop limit"? If I remember correctly there is a difference how the price is calculated in one versus the other type of stop loss. But I don't think this would explain why your stop was triggered.


I don't think using other exchanges charts is a good practice. On https://www.tradingview.com you can actually find the XBTUSD Bitmex chart, which I think is the best chart to use if you trade there.


My experience is that Bitmex has among the most volatile swings. Someone is manipulating the price heavily on that exchange.

There is no other way to explain these violent swings and immediate pull backs.

Look how similar gold and bitcoin are (if we disregard the x-axis/time and count only market psychology):


source: https://preview.redd.it/5t92r1c860b11.jpg?width=640&auto=webp&s=329d08ada82c04aa2fb1f8b7f0abc292b09acef2

which tells us that, historically, gold also had (and still has) ups and downs and that ultimately Bitcoin behaves very much like gold.