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321
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Economy / Exchanges / Re: best place to trade BTC
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on: February 05, 2021, 10:17:27 PM
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Easy, secure, low-cost to trade crypto. Coinbase just provide services in certain countries. Who can name some . Thank you
Rather than telling many exchange names, I would like to tell about the exchanges I m already using. I will give here some points out of 10 from my user experience, then you can have a clear idea. 1. Binance -10 2. Kucoin -10 3. Chiliz -7 4. Sparrow - 6 5. Cointiger - 5 6. Probit - 8 I have user experience in all of above exchanges. So By looking at many of the replies non-other than me and my reply, You can easily choose what is the best.. Thank you! |
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322
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Bitcoin / Bitcoin Discussion / Re: How do you use bitcoin?
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on: February 05, 2021, 10:12:38 PM
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There are many countries where bitcoin is not accepted legally, so how do you use bitcoin in that country? Usually if you raise the level of bitcoin use in that country then you may get into legal trouble.
So how do you use your earned bitcoin in that country.
Now there are lots of ways to convert BTC to fiat currencies. As an example Binance p2p. Likewise, we can sell our BTC or any other crypto to buyers. Don't be scare about the withdrawing process. This is a big world and lots of paths to what we want to do. Just analyze the market and make a move. You will get your profit definetely. |
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323
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Economy / Trading Discussion / Re: Trading bot vs. you -> who's better?
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on: February 05, 2021, 10:09:57 PM
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Hi,
Still learning trading tips&trick and now I reached this chapter of trading with bots.
What's your experience? Did the bot perform better than you? What's your monthly profit (%) via bot compared to the one without it?
thanks
Personally, with my hand on experience, I don't recommend bots for trading. Because you are using some strategy to code bot he is only reading the technical part and working accordingly. But assume that a big crash of stocks or some kind of news comes out then we can see unexpected moves in the market. But Bot hasn't any idea about the situation and he is doing his work according to the code. So you can lose your whole account balance. |
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324
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Economy / Trading Discussion / Re: How To Protect Yourself In This Situation
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on: February 05, 2021, 10:07:33 PM
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Given these parameters:
Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.
What is the best approach to guard against this?
Absolutely in trading, there is no 100% trading strategy. Actually, trading is one of the high-risk ways to earn method. But if you were able to manage your risk level you will able to sit on profit always. So according to my view in this kind of scenario, you have to place the buy order just above the next support level. Most of the time price will retest the support level or just turn around above that. So it's always safe and profitable to Keep the buy order above the next support level. And please note that you have to manage your risk at first. |
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325
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Economy / Economics / Re: Is Bitcoin's price drop to 30K healthy?
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on: February 05, 2021, 10:03:18 PM
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Absolutely yes. If you take a look in Forex trading, Stock trading you can see there is no pumping regularly. After a big pump, there is a little dump to correct it. And also we have to remember in Trading we are getting money as profit from someone else lost. So This should happen to the long life of the market structure. And when talking about dropping to the 30000 levels, That's good and we have Identified that that level act as a stronger support level. Maybe once or twice BTC price will retest that level and then have a big pump to 50K. |
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326
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Economy / Speculation / Re: Bitcoin BREAKS $20,000! - Binance
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on: February 05, 2021, 08:02:48 PM
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2021 many companies investment in BTC let's see
In my view, Bitcoin has still a bullish market structure. So I guess it will able to retest the 30000$ level again and if it has a pump we can expect BTC at the 50000$ level. But if it breaks the 30000$ level It will further dump to the level of 20000$. But collecting satoshis will never be worthless. And you know the time that Bitcoin will be major currency pair in local market soon. |
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327
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Economy / Trading Discussion / Re: How did YOU start trading in bitcoin?
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on: February 05, 2021, 07:59:48 PM
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Hello everyone!  I am a starting player at the BTCitcoin trading world- haven't bought any yet. Just a young man looking for investing his money from high school, and I don't know where to start!  How did you start trading in bitcoin? How could I do that too? Do you have any tips for begginers?  Happy 2021 -Tzutzik What should you do first is you have to make your own rules to trading. As an example, if you are so greedy you cant win this game. And you have to be patient more than a normal person. Coz the thing is This trading field is a device for transferring money from the impatient to the patient.Then you have to learn technical analysis. You can use the trading view as a chart analyzer. You can learn technical analysis from youtube. There are many. Then you have to be a fundamental analyzer. Simply You have to read the news and understand the effect of the news on the Coin that you trade. I just simply describe this but you have to work hard for this. And please don't deposit early. At least analyze the market for 6 months and make a sense of it. |
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328
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Other / Beginners & Help / Re: Newbie bitcoin question
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on: February 05, 2021, 07:54:27 PM
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newbie here no hate.
Can someone explain to me when should you sell your bitcoin positions and should u exchange them for cash(usd) or other coins?
+ what is the difference if i have my bitcoin in wallet or in open position like he has in the video. thaks alot
So the first thing in crypto field (as per my knowledge) You have to collet satoshis much as you can. The unit that measure the wealth in the crypto industry is satoshi. ask when to sell Can someone explain to me when should you sell your bitcoin positions and should u exchange them for cash(usd) or other coins?The thing is you have to sell BTC at a major resistance levels. So you can place sell order in just below major resistance. Most of the time Thse currencies are respect to support and resistance.(it is not 100% accurate) . |
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329
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Alternate cryptocurrencies / Altcoin Discussion / Re: I think ethereum is the best crypto next to bitcoin.
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on: February 05, 2021, 07:51:33 PM
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I concur with you that ethereum is the best cryptocurrency after bitcoin and ethereum has become the lord of altcoin, but I don't know if ethereum will be able to dethrone bitcoin, in light of the fact that bitcoin is the ruler of cryptocurrency and ethereum is the ruler of altcoin, so bitcoin and ethereum have different positions and will stay in its situation until at whatever point.
At the moment Eth has a very bullish market structure. It will retest the previous resistance level very soon. If the resistance level act as support then we can expect Ethereum in 2000+$. But the worst case is because of this high vitality the ethereum base transaction fees are increasing crazy. So the transaction costs are much more hire. I f we can expect a solution here, It will be better. |
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330
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Bitcoin / Legal / Re: Pakistan has started work on legalizing bitcoin and other cryptocurrencies
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on: February 05, 2021, 07:49:25 PM
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Yeah, Actually this decision of the government is better. When technology developing rapidly, You have to adapt to it. If you couldn't able you will be a slow as a snail to your future wealth growing. So the governments must see these new opportunities to young entrepreneurs to become successful in their life and bring foreign money into their country. At the same time I heard news from the Indian government, They are going to banned crypto from the country. I don't know what is the rationale behind that. But It will not a wise decision to take at the moments like this.
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331
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Bitcoin / Bitcoin Discussion / Re: What will you do if Bitcoin hits $1m in the future?
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on: February 05, 2021, 07:45:33 PM
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If I am readily aware or confident that bitcoin will reach $1M as early as now, then the most logical action is to buy more, since that is going to give me more chance to earn more. However, let's say I'm a normal guy with no clairvoyant powers, if in the case I have some bitcoins in me and it happens to reach $1M in the future, then I'll go cashout some of my earnings, drink a beer, then buy a lambo. In cash, give money to the poor in my community, donate to charity, invest some of it back, and finally settle inside my house and lay my back.
If by chance bitcoin reaches $1 million, early adopters of bitcoin or anyone that acquired and hodl bitcoin would earn huge profits. However, with such probability, I think everyone already has their plans in place. Anyway, if the moment Bitcoin hits $1mil it takes some time. Maybe another 10-20 years. So In my point of view as a crypto trader you have to collect satoshi as much as you can. It will be never worthless. |
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332
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Economy / Trading Discussion / Re: Are there any relationship between Gold and Bitcoin ?
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on: February 05, 2021, 07:25:46 PM
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I can only find their similiraties but in the eyes of most people, bitcoin and gold are in competition and would be trying to fight each other by increasing their values.
We are the only one thinking there's a competition between both assets. The two are different and unique in their own ways. While one already has the trust of the people for been a safe heaven, the other is been seen as a very volatile (which it's), speculative assets that has no real life usages. The only relationship I can think off is both been a better alternative to the fiat system, if you're looking for a way to escape the Ponzi scheme called the fiat system, you can used that worthless fiats to buy gold (if you intend taking less risk). Or buy bitcoin (if you'll be comfortable with the risk it posses) and do understand that it has greater chances of outperforming any assets since it's relatively new and has a better technology and mode of operation which is decentralized and also digitalized unlike gold that's the direct opposite. I can agree with the part of your statement. they have unique features. Of course yes! And Gold is a safe haven assets already. After the popularity of Bitcoin it also now acting as a safe haven. So the whale ( Not like retail traders like us) are moving huge volumes between these two assets. It cause to pumps and dumps. I can provide many examples that tally with my statement. A recent example is the last week Gold Chart and Bitcoin chart. please compare them carefully. So you will have a clear idea about my statement. |
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333
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Economy / Trading Discussion / Re: Are there any relationship between Gold and Bitcoin ?
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on: February 05, 2021, 07:21:59 PM
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We have no way of truly attaching a hard value to an ounce of gold, and it is not used as a currency. However, faith in the metal itself keeps it valuable – the value of gold is in the minds of those trading it - Bitcoin is valuable because those trading Bitcoin consider it to be valuable. Both are of limited quantity; both are considered a hedge; both are seen as an anti-fiat currency. In many ways, Bitcoin seemed to be designed – whether intentionally or not – as a virtual form of gold. ] I can only find their similiraties but in the eyes of most people, bitcoin and gold are in competition and would be trying to fight each other by increasing their values. I can't agree with the part which says Both are limited quantity. Coz Bitcoin supply will end in 2140 and the date that Gold supply end is not declared yet. And the thing is I m not going to connect those two metal and Digital currency. I just have a point when the whales are moving between these two currencies the dumps and pumps occur. As an example please analyze both Gold and Bitcoin charts starting from last Monday. So you can see the difference and how the thing was going on. |
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334
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Economy / Trading Discussion / Re: Are there any relationship between Gold and Bitcoin ?
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on: February 05, 2021, 07:16:17 PM
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Bitcoin and gold to deference currency. I think don't have any connection in there. If you follow bitcoin price chart you saw that bitcoin price all time increase and decrease but gold price can not increase and decrease in same way.
So i think don't have any relationship between Gold and bitcoin.
I disagree with you, all cryptocurrency is related to each other but the bitcoin is most demand crypto. There are several crypto currency that can be use to exchange in local currency, my point is the other crypto like gold need to trade on other currency like bitcoin before local currency that will become fiat. Indeed, if they trade both, the stock of bitcoin will decrease and the value will increase and the stock of gold will increase so the value will decrease. So I want you to make an analysis about last week. If you carefully analyze it you can see that starting from Monday Gold was selling and Bitcoin started to pump. This is one example for my point. |
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