Finally someone says it! Believe me there are so many so called "TA experts" whereas everybody with some (academic) background knows that TA is BS. One reason is the time the market has been around and a second reason is that the past is a bad indicator to correctly predict the future. I mentioned two years because it sounds to be a reasonable time horizon to have a fair chance to not find yourself in the middle of an ongoing crash at least at some point in time. But, and this is a big but, you never know. Can be the same problem in two years as it might be in six months.
I wouldn't go so far as to call it bs, what's BS is that you can swear by it and use it as a completely reliable tool -- it helps and it confirms, and it identifies possible opportunities, but I think the TA I enjoy the most is by those who know what the real deal is with it. Helpful, informative, and entertaining (I admit, I do indulge every now and then cause it's fun to fantasise haha). I do point out the market's still far too young to build proper TA too -- 2013/14 if you want to be lenient, is still 2 years away from completing a decade's worth of data. The problem with TA is that it doesn't capture the extremes at all. If you take the price decline in 2018 from 20k to - I don't recall exactly - let's say zero for the sake of explanatory power  Do you remember how many TA experts were wrong until we finally hit rock bottom? They corrected their analyses on an hourly basis. Last year start of the pandemic when markets out of a sudden moved to ATHs? I don't a single TA expert who said we are going to have record highs at the peak of the pandemic. What did TA do in 2007? Or 2000? If you rely on TA and don't have a trading strategy like selling some here and there and not buy in again catching a falling knife, you'll lose everything. I know that's what you basically said that TA is just one tool of many, but there are people out there who follow these TA gurus because they talk as if they had a crystal ball but can actually show a convincing fake crystal ball in the form of their computer screens (which are - you may guess - not a crystal ball). |
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You are right, most people due to the fact there saw testimonies of people who made profit from a particular trade and there jump in buying the top which will later lead them to loosing funds, in this crypto space one really need to learn how to control his emotions if not might end up being frustrated. The crypto space is big enough and got lots of opportunities so no need of chasing an opportunity which has flew already, make researches there are lots of fresh opportunities all you got to do is Join them early, remember the rule here is buy low sell high.
And probably the testimonials long before sold their coins and then start advertising them. There are a few celebrities on Twitter who use their follower base to manipulate the market. One day they say out of a sudden that Bitcoin is doomed and three months later they show up again and say Bitcoin is going to a million USD. |
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Ever since I have come into the space, I have noticed so may ways of getting money even without capital, these you mentioned are highly recommended, it's only the lazy ones that said there is no money in the crypto, I started from airdrops and performing bounties, not everyone will do airdrop but they will still survive in the crypto world.
The list solely depends on the one you can afford to participate, I would love to participate in NFT but the fee behind it is pretty expensive to me, some investors are using it to make more money.,
What do you mean when you say the fees are expensive for NFT? You mean the trading fees or setting NFT up on a blockchain? I thought you can easily trade them on a few marketplaces that exist. Isn't it like normal token trading? |
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About 80% of trader failed and loss their money in margin trading, but i dont know how many % of trader who loss from spot trading, could be lower than 80% but i think higher than 50%. People who loss on cryptocurrency market, usually newbie trader that does not use money management and dont have any skill yet to learn about fundamental of crypto. Too be greedy and not patient also become the most factor for newbie trader loss alot money. Only trader who keep learn from the mistake and has experienced many years that possible make profit by consistent.
In other words you would say that every trader who educates him or herself will make profit no matter what? What about the zero sum game when the market doesn't go up all day long? Some have to lose and some have to win. |
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Hello guys,
does anyone have any statistics % or information about how many people either succeed or fail (lose their money) doing trading in cryptocurrencies, also the people who are working on their own coin project( not a scam project)?
Thank you
You won't find any statistics on that as hardly anyone would be willing to disclose exact numbers anyway. Big players have probably been more successful as they have a longer breath when their are dips in the market. In total crypto produced a lot of winners I think as during an upswing it doesn't equal a zero sum game. If it crashes like now, new losers are born as we speak. |
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Today i realize the current market capitalization of the cryptos passes the Apple market capitalization... This is crazy because Apple is the company with the biggest market capitalization, and to see the cryptos market bigger than apple just means that bitcoins and cryptos are a bigger company even if it's decentralized.
I know the current market capitalization can have a hard drop in the future, but right now is impressive to see it over $2T.
That is true but the comparison doesn't make a lot of sense frankly speaking. If you want to compare the two, you should also take the whole industry that Apple belongs to the same way as you now take all cryptocurrencies. Whether you bring up the comparison or not, the amount of money in crypto is amazing. |
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As most of the people said here the points/ways are very good indeed. A lot of information in this post. For me it's helpful for NFT. I had very lower knowledge about NFT. Buy reading the OP I have gained some ideas about NFT(though It's not 100%). But I did not understand the arbitrage points. I know arbitrage but can not understand these lines. What actually you op wanted to share by this?
ARBITRAGE $ NFTI
Spread%: -9.72
Uni: 606,799
Sushi: 623.3449
Zerion: 665.79
There are very seldom arbitrage opportunities that can effectively be exploited by a normal trader. On centralized exchanges arbitrage is done by bots, but for these decentralized exchanges it will hardly be possible to exploit the spreads because the fees per transaction are too high. |
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I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge
Th world's largest community-owned coin has a couple of wallets with the majority of the total supply being owned by just a hand full of people. Whether you are a fan boy or you just like the coin or whatever, I will just say take care! |
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In that case, we better stop thinking about profit but instead of thinking about losses. Maybe this could help to avoid frustration.
Traders had overly think about that trading could make them profitable and rich which is just eventually different. Maybe some did the best and reach their goal but I know it wasn't in an easy way. And just like us, they also suffer losses, tested their faith, and most likely, they'll come into frustration but they were able to manage themselves and conquer such feeling that is why they succeed.
A good risk manager has an eye on both sides anyway. One eye on the winning side, that is profits when the price goes up of course, but on the other side is the losing side and a good risk manager not only tries to increase the profit side, but also to minimize the loss side. Part of it is to be ready to sell an asset without running in circles in your head whether it could go up again minutes later when in fact you are convinced it will actually go down. That is why we have to make a market analysis first before making decisions. It is very unfortunate that most never do that instead of having used their emotions to help. Thus, we need to widen our market understanding, not only to focus on the other sides but to take a look also on both sides. We had suffered frustration that's because we don't accept that we lose (which is a part of trading). It is not only about analysis, it is about being rational in terms of your decisions. If you sell and it goes up afterwards don't be upset as long as you are in conformity with your decision. Those who are upset won't sell next time believing they don't want to make the same mistake twice but that time when they hold tight the market crashes. |
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And also you can always argue retrospectively why it would be more risk today than it was three years ago as you have the information from today. Buying Bitcoin also depends on the time horizon you are having in mind. I would say if you buy and hold for two years you are likely to be alright, but if you need the money in half a year from now you could have a bad timing and have to sell in the middle of a crash, like many had to sell in 2018.
Analysis is always retrospective though, and every TA person knows this, which is why the good ones can laugh about their charts and not take themselves too seriously;) That's the problem with risk analysis based on a market which has only been around for 10 years (we can't really call the early years a real market!). You simply just have too little data to make any really meaningful analyses. Oh, and I remember biting down in 2018/19/20 when forced to sell for bills coins I'd earned at far higher prices. Much pain. Finally someone says it! Believe me there are so many so called "TA experts" whereas everybody with some (academic) background knows that TA is BS. One reason is the time the market has been around and a second reason is that the past is a bad indicator to correctly predict the future. I mentioned two years because it sounds to be a reasonable time horizon to have a fair chance to not find yourself in the middle of an ongoing crash at least at some point in time. But, and this is a big but, you never know. Can be the same problem in two years as it might be in six months. |
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BTC seems to terun to 60k again, Can I return to the market and invest in it. If you, how do you choose? BTW, I have got $129k in this bull market, can I make more?  Making more money from your $129k is possible most especially if you invest in a solid projects on uniswap and PancakeSwap, rather than investing in scam projects, it's much more easier to see a coin than will x10 ur money than buying huge market cap coin on either binance or any other CEX, as for the bull run no one knows when it will end, ride with the trend while it last I am sure that if you managed to earn such a sum during this bullish cycle, you know perfectly well what and how to do for this. Moreover, I am sure that you received your profit by trading not little-known coins) Even if you are sure a coin could make you x10 your money it is also hard to hold onto it. It is not like everyone could easily know what goes x10 and then cash out and everybody has a profit of x10. Choose your exits wisely and make it in incremental steps. |
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Ethereum is mooning. So much buying pressure that's impressive. I can see it shooting through the 4k USD mark and then even 5k USD.
That is not surprising at all, the altcoin season is already here, it's normal to see altcoins pumping, ETH could reach 4k or 5k.. it's easy in the bullish season. It's possible that Ethereum will now close the gap to Bitcoin and even get close to it. Where will Bitcoin dominance be in four weeks from today? It will never be close as bitcoin will always be the king in the market, if altcoins had a run and bitcoin will dump, you know what's the effect, it's not good to see as the market will certainly bleed. I go with the 5k for Ethereum. Bitcoin dominance is melting and it could go on if Ethereum keeps preforming like that. For now there aren't too many reasons why it shouldn't. |
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Well in my own investagations about the bitcoin price i see that buying bitcoin this time is more risk than buying bitcoin on last 2018, if we are going to buy bitcoin in the price of 50k to 53k$ we can really say that this is a risky type of buying because 53k$ is not a joke it is a big money comes with a big loss if ever btc will drop down after buying, i think the posible great option is to wait for the dip and then buy to avoid big loss, beause we really dont know after this bull run there is a big dip waiting and we need to be more careful on it.
Actually, every day that passes that Bitcoin does NOT die is another day it becomes less likely to ever fall to zero. So in terms of risk, I'd say every day you wake up and Bitcoin is still trading, your risk of losing it all becomes less. More adoption, more recognition, more "too big to fail". What may be lower every day would be the risk to return ratio. But even so, after 12 years, that return is far more attractive than almost any other asset I could easily access. Which risk are we talking about here? =) And also you can always argue retrospectively why it would be more risk today than it was three years ago as you have the information from today. Buying Bitcoin also depends on the time horizon you are having in mind. I would say if you buy and hold for two years you are likely to be alright, but if you need the money in half a year from now you could have a bad timing and have to sell in the middle of a crash, like many had to sell in 2018. |
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what I can see is that most of the new investors had given no interest to know more about the project. They are just riding on the market flow, buy now and sell later. And they will leave soon when the Bullrun will end and these types of people had no plan to commit long-term investment but just a short-term deal. So, we can't expect them to take care of the crypto world but they could be the reason for the market failure.
Yes, that is the big differences between investors and traders. We cannot expect traders will be continuously persisting in this crypto space by contributing in all the means for building stronger marketcap for the entire cryptos. But they are all working only for their own benefits and we can expect them to pull off at any time which will definitely affect all the other investors who are all planning for long term holding. But, we must need these traders to take our market into new heights so that the investors will keep attracting and will be coming-in. So everything is happening for a reason and over the time it will end up in good reason like building more stronger this crypto space. I believe the damage traders could cause is limited except for a couple of coins that are thin in volume and only pumped. Bitcoin and Ethereum benefit from so much more apart from just getting pumped. Ethereum is under constant development and Bitcoin has the first mover advantage a really strong following in general. Even the big players won't be interested in cashing the price at all. Those who hold a lot of Bitcoin will either try to sell slowly or not sell at all. Unless the exchanges don't collude am not afraid of heavy dumping. The exchanges always win no matter where the price goes for as long as the volume stays high and it will stay high because everyone is excited about crypto. |
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I can only recommend BNB to you. BNB journey in 2021 is very good, price BNB increased after the team reduced the supply of BNB in the market with the combustion process that was carried out some time ago. The BNB is currently priced at $624, and will hit the $1,000 mark before the turn of the year. If you are still unsure about BNB or the price is too expensive for you, please check the list of coin that have the potential to benefit you at CMC.
I would recommend only BNB to someone who wants to trade Defi on another platform other than Ethereum. BNB looks like a solid buy now only because of the excitement on BSC with defi but there remains a lot to be seen once the hype has died down. Does BSC have enough good projects and good dapps like ETH does? Of course it does not. Does that mean the market price will be affected? Of course it will. In fact the price of BNB continues to increase, since the advent of the BSC platform the project developer have preferred BSC over the Ethereum platform, because BSC transaction fee are much cheaper than Ethereum. When viewed in terms of innovation, Binance is faster at updating than Ethereum, this greatly benefits BNB in the future. I am not of the impression that BSC is getting close to Ethereum now. Ethereum is the flagship in that area. The price is just climbing and climbing and it does not stop. I have no idea where the limit of this Ethereum bull run could be. |
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Wow, you got quite a lot in the bull market, But i also grateful for what i earned in this bull market.
I think BTC will hit $60k in June or July 2021.
The price of BTC itself keep going strong and also for another top altcoins in the market.
We just need to wait and hodl for now until the price of BTC skyrocketing again.
Now the price of bitcoin nearing the value of 58k,which seems the productive growth of the price.The best way to get a decent profit from your investment is just keep hold of your asset then to sell with minimum profit.Till the bitcoin rock in the market with the price pump,just hold your bitcoin in your wallet. Ethereum is mooning. So much buying pressure that's impressive. I can see it shooting through the 4k USD mark and then even 5k USD. It's possible that Ethereum will now close the gap to Bitcoin and even get close to it. Where will Bitcoin dominance be in four weeks from today? |
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$ 1, $ 10 and $ 100 are unlikely to be achieved this year, let alone DOGE relies too much on Elon Musk tweets for its price to go up.
This is not a promising project and the risk is very high if we invest in large amounts of DOGE, because based on my research on DOGE
prices movements are very volatile, this is because currently the DOGE hype is very high. So don't invest in the long run if we want
to buy DOGE and immediately sell if we have managed to get a profit from DOGE.
Mate, the word volatile and risk is given in every stock exchange like crypto so it shouldn't be an issue anymore. But I agree with you that doge is not really a promising coin but I find it effective in scalp/spot trading and very short-term holding, that is what people did to take profit in doge coin. Yes but the coin goes so bonkers that I would even be afraid to short it if that's possible somewhere, I guess so. DOGE is out of control, you can't tell where it is going next. |
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We need to accept losses and at the same time we should not be greedy so that we can stick within our trading plan which is the first rule of controlling emotions in trading. When we are good at the emotion control then we can easily avoid frustrations in trading.
Yeah traders are becoming frustrated when they keep worrying on unexpected results. So, I agree we must need to accept all the results of trading which can be profits sometimes and losses in different occasions. But, traders must need to treat both of them as same thing. It may not be possible for all the traders from the beginning but over the times of practicing, I guess it will become possible. Avoiding frustration needs lots of practices but unlike demo trading, people do not need to go for any specialized training for this. Just remembering basic rules of emotion control will help anyone to avoid frustration. In that case, we better stop thinking about profit but instead of thinking about losses. Maybe this could help to avoid frustration. Traders had overly think about that trading could make them profitable and rich which is just eventually different. Maybe some did the best and reach their goal but I know it wasn't in an easy way. And just like us, they also suffer losses, tested their faith, and most likely, they'll come into frustration but they were able to manage themselves and conquer such feeling that is why they succeed. A good risk manager has an eye on both sides anyway. One eye on the winning side, that is profits when the price goes up of course, but on the other side is the losing side and a good risk manager not only tries to increase the profit side, but also to minimize the loss side. Part of it is to be ready to sell an asset without running in circles in your head whether it could go up again minutes later when in fact you are convinced it will actually go down. |
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The price of Bitcoin is hovering around USD 52K at the time of writing this article. In the last 24 hours, Bitcoin hit a bottom of USD 47K and has recovered since. Now you might be wondering if it is the right time to invest in Bitcoin. Here are the 6 reasons why you should: 1. Decreasing Mempool congestion: The current mempool congestion is said to be one of the reasons for the current fall in Bitcoin prices. While this might sound ridiculous, you can check and compare the charts of Bitcoin prices ( https://www.coindesk.com/price/bitcoin) vs. the chart of Mempool Transaction count chart ( https://www.blockchain.com/charts/mempool-count). While this congestion was at its peak between Apr 18 to Apr 24, it has since reduced considerably and we are already seeing Bitcoin price recover. When the mempool congestion is minimum we are likely to see the Bitcoin price rise. 2. Support price: The support price of Bitcoin has been set to around USD 48K-USD 50K by multiple exchanges and researchers (Refer: https://www.barchart.com/crypto/quotes/%5EBTCUSD/cheat-sheet and https://www.newsbtc.com/analysis/btc/bitcoin-makes-comeback-53-5k/). What this means is that when Bitcoin hits these price levels, people will be resistant to sell and large scale buying is expected. What largescale buying means is that the price of Bitcoin will shoot back up again. 3. Acceptance of Bitcoins by Corporations: Given that several large organizations are coming forward to accept Bitcoins as valid mode of payment, it is likely that Bitcoin adoption increases many folds. This is due to the reason that once these large corporation earn in bitcoin, to pay their suppliers, vendors or employees, they would naturally have to use Bitcoins. This increase in usage by itself would drive the demand for Bitcoin high. Further, on seeing large corporations accepting bitcoins, smaller organizations are likely to follow suit and same cycle would be followed by them. 4. Scarcity: While it is needless to say that bitcoin has always had the concept that it would remain scarce and that issue of new blocks would reduce over time, in the recent times, the amount of people engaging in Bitcoin mining has increased to such levels that miners get a very small portion of the mined Bitcoin. In this regard, one major pattern that I have observed is that every time that block rewards get halved the Bitcoin price slingshots to an all time high. This is is clearly visible with the Bitcoin price rising to an all time high in 2017 (1 year after halving in 2016) and now in 2021 (1 year after halving in 2020). Considering the above, I believe that bitcoin is likely to explode by the end of 2021 and break the current all time high again. 5. Increased HODLing: One more reason that I would consider is that there is an increased number of people who get attracted to the technology and concept of Bitcoin and therefore end up HODLing Bitcoin (like me) and would love to see their Bitcoin rise in value over the years rather than selling and making a quick buck. This would propel Bitcoin to higher prices without crashing. 6. Lost wallets: Around 20% of the Bitcoins that have been mined are locked in wallets (Refer: https://www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html). As time passes we could see a lot of people actually forgetting where they have kept the private key or seed phrase for their wallets (But ensure you keep them safe ). This is eventually going to cause decreased supply in Bitcoin over the years and help maintain the increase in Bitcoin prices. While the above is my analysis of why Bitcoin should be purchased, please carry out your own analysis before you invest in Bitcoin. Further, while I have highlighted the reasons as to why Bitcoin needs to be purchased now, you should also consider various risks, legal/tax issues, etc. before you invest in Bitcoin. Would be happy to hear your thoughts on this. Thank you. I believe this is a careful analysis and I thank you for taking time out to actually make this analysis possible. I am sure with this, we now have more reasons to buy bitcoin. Personally, I do not really think a real bitcoin user needs the motivation of an increase in the price of bitcoin to buy bitcoin. The real users are those whose primary reason of buying bitcoin is not for profits, but to enjoy the freedom that comes with it. They are those who buy bitcoin in order to make anonymous transactions, pay less fees and wait lesser days for these transactions The not for profits thesis I would highly doubt. Nobody buys Bitcoin for the sake of others being able to sell at a profit to them. Buys buy because they hope attain a surplus value due to their buying decision. Th surplus value can come through selling Bitcoin again or through holding it and making use of its purchasing power that it one day may have in the real market as a stand on its own asset. For now Bitcoin is not denominated in Bitcoin but in USD. |
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Bitcointalk username:fancy2973
Bitcointalk link:https://bitcointalk.org/index.php?action=profile;u=326000
Rank:Full Member
Current Post count: 326
ETH address: 0xfF0B5c2D076287c82842e923DB21747d2ae88a77
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