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Stick to your own so that you wont really be regretting once you do made out a bad decision because if you do tend to follow others and turns out to be negative then you would really be having that regret inside which isnt something good.Its better to lose with your own analysis and preference rather than on hearing out other peoples suggestions which is just really simply the same or simple speculation or prediction.
Buy if you do see that it is the bottom price and dont let yourself easily panic on times like these since its been really just a normal cycle for this market to have on where not all the times
we are seeing high or huge numbers.There's always a correction next in line.
Making a mistake all by yourself is not a bad thing because you know where it went wrong and you could avoid doing that again. However, if you have no idea what went wrong and you are just following a person, then if that person doesn't make you any money then you will stop following that person and follow another person. Always learn to trade yourself, I would understand following others when you are a newbie, you could follow them until you learn yourself, but anyone who has been in crypto for over a month should be able to make their own decisions, if not then just buy bitcoin and you could make a profit that way without taking much risk. On a month's time or even weeks then as a noob then you would really be having those kind of views whether it would be worth on going by yourself or would continue to follow someone just because it doesnt really need to put up much effort in regarding to this one. This do vary on person to person because we do really ending up on different perception and views towards things that why decisions would be made will really be basing up if he do sees opportunities on dips or market condition something like this. I think that before buying you should do an examination of conscience, it is something like putting everything on a scale and asking yourself what would happen if this scenario occurs, then this or this, that is to say, make a total description of the scenarios so that you know how you can react if they occur, the idea is not to keep thinking about how the trader can react to a type of market movement, the first thing that should always be considered are the scenarios that can be lost, because winning is something else, it is something more relaxed, but I believe that to buy should depend on our decision rather than someone's advice. The fact is that almost all newbies to the cryptocurrency market have followed someone else's advice. Now they all regret seeing their losses in the balance, or they just sold everything and never want to enter the cryptocurrency market again. |
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The team of the decentralized exchange Wowswap announced the launch of its own aggregator Wowmax in early July.
They intend to compete with the existing 1inch, Matcha and Uniswap further reducing the price impact when sending orders and using asset arbitrage strategy to extract a positive slippage, 100% of which is paid to the trader in native $WUT tokens, which are also deflationary.
Wowmax have launch immediately after the $WUT token presale and $WUT listing on Uniswap and other exchanges ends in early July.
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[topic in progress]
WOWswap is a fully decentralized, community-owned trading and lending protocol. It is based on a simple idea: liquidity providers can create pools, and traders can borrow from the pool to make leveraged trades. All critical protocol parameters are set by WOW token holders (DAO). DAO participants also receive additional rewards for their votes on protocol changes, in addition to staking.
The guys created a protocol that uses all the strengths of decentralized exchanges. Its essence is that traders open leveraged positions on WOWswap, borrowing additional capital from community liquidity pools and directing trades through the most liquid exchanges such as Pancakeswap, Uniswap, SushiSwap, etc. Speaking of which, you can be sure that if you want to open a leveraged trade with a large capital, no spreads are a problem. This technology benefits all existing decentralized exchanges by increasing trading volume. WOWswap gets access to more liquidity, and traders get the opportunity to trade coins with leverage not available on any other exchange.
WOWswap runs on 8 blockchains Ethereum, Binance Smart Chain, IoTeX, Solana, Polygon, Avalanche, HECO and Kava. The number of coins available for leveraged trading is over two hundred, which is the highest among all decentralized exchanges.
WOWswap has a strong background of investors and partners like Mechanism Capital, MetisDAO, BNB Chain, Polygon, Avalanche, Zee Prime Capital and others. WOWswap is a secure decentralized exchange. It has been successfully audited by the independent company Hacken for smart contracts and also has integration with Chainlink Oracle for pricing channels.
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I'm not ready to buy more BTC yet, but I've been stacking some Coinbase shares. It's partly a bet on USDC as they own 50% of it. You know how USDC makes money? Interest. Rising interest rates are a good time to be in the stablecoin business.
Some of my stablez bring me a good passive income. They are placed in LP on wowswap. I mean BUSD and also USDC. I think this is a good strategy to increase my stablez for further bitcoin buying |
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Hi guys. I'm newbie here. Wanted to hear your opinions.
These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.
I’ve already started DCA for Bitcoin this month without question. Could have ended up buying LUNA because of those temptations lol, but I’ve already decided to go for long term with Bitcoin. As of right now, only BTC and ETH are the worthy coins to do DCA. I know that we are waiting for the right time to buy Bitcoin when it dips even more. But the reality is that there is no perfect timing. Regardless of the price movement of BTC, I have made a commitment to DCA with Bitcoin with my extra money (can’t say beer money coz’ I don’t drink that lol) which is to build wealth overtime. The LUNA situation tested all experienced traders for FOMO, I was exposed to it for a few dollars, but I am not at a heavy loss, I believe that I withstood this temptation unlike the people who keep increasing the volume of this scam |
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Obviously this seem as a good time to be. However I think it is still to early. Do not be fooled we are in a bear market, and I believe we will be for the most of 2022 even 2023, so in my opinion I think you should wait, although I do not think BTC will go lower that 15k.
I have the same opinion, I DCA bitcoin regularly, but I am also more inclined to open a short position to the 15k level, as this decline should be gradual over two years |
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to decide to buy you should not be in a hurry.
to what extent the price decline will occur no one can know for sure, but now it looks like the sharp decline has ended the price has stabilized in the last 24 hours. maybe if you believe that Bitcoin or Altcoin will be able to get back up at a time like this it is very appropriate to buy.
however, I myself believe that the market will recover until I have exchanged my stablecoin for several Altcoins that I believe in.
I keep about 40% of my stablecoins in liquidity pools on wowswap, where I moved my assets from anchor just before the UST scam. Getting passive income at the same time I make regular purchases of BTC, ETH and BNB. I think we can afford it now, because we are not at the top anymore. |
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To me it seems that we are seeing a general downwards trend in crypto currencies and other asset classes. Inflation is rising and the economic outlooks are not that great for most countries. We just got out of the covid mess and now things are looking bad again. Usually these are good times to buy, when the majority of investors is looking for a way out there are opportunities to profit. Buying a variety of the top alt coins is a good idea. When prices will recover alt coins are expected to outperform other assets, but they also have more risks. If you don't need the money right now than go for it. Personally I want to add some more BTC and ETH to my portfolio. Hopefully I am getting mostly cash for my birthday next month, than I can put all that into cryptos.
I think buying altcoins should be followed by buying bitcoins because bitcoin serves as a kind of diversifying asset in this regard. It has not lost that much lately compared to altcoins, which have lost 70-90% |
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Около 50% моего портфеля занимает BTC. 30% стейблы BUSD, USDC. Все остальное сейчас лежит в монетах WOW, SXP, BNB, ETH, BSW
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It's funny and sad to see all people panicking. They are selling and losing. They're buying inflationary fiat  Do they even know it? Remember guys, 1 BTC will always equal 1 BTC and the supply is very limited. If you can see this in the long run you will be a winner. Of course, chickens will run home as always  Don't worry, HODL, BTC will come back stronger than before. To The Moon! BTC- Let the haters feel good, this is all they can do anyway. This is a fundamental thought. From trading profits (about 50% of it) I am buying bitcoin into my long-term spot portfolio. It does really matter |
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1/10 cryptoinfluencers do their work only for the community, everyone else for their own purposes
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Buying something with bitcoin is also good because people start to learn about it and bitcoin massively increases due to this
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После такого падения битка на дно, цена альткоинов заметно урезалась, но не думаю что это конец, падение будут продолжаться.
Пока все альткоины не превратятся в мусор.
Не хотелось бы увидеть их ниже минимумов 2018 года, потому как страшно представить что может случиться с их курсом во время следующего бычьего рынка. Есть такие монеты как дэш, монеро, которые так и не вернулись к своим максимум спустя 4 года |
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Тема в процессе наполнения.
WOWswap – это полностью децентрализованный трейдинговый и кредитный протокол, принадлежащий сообществу. Он основан на простой идее: поставщики ликвидности могут создавать пулы, а трейдеры могут занимать средства из пула, чтобы совершать сделки с использованием кредитного плеча.
Ребята создали инструмент, использующий все сильные стороны децентрализованных бирж. Его суть в том, что трейдеры открывают позиции на WOWswap с кредитным плечом, занимая дополнительный капитал из пулов ликвидности сообщества и направляя сделки через наиболее ликвидную биржу.
Эта технология приносит пользу всем существующим децентрализованным биржам за счет увеличения объема торгов. WOWswap выигрывает, получая доступ к большому количеству ликвидных активов, а трейдеры получают выгоду, имея возможность торговать монетами с кредитным плечом, недоступными ни на одной другой бирже.
WOWswap работает на 6 блокчейнах, таких как Ethereum, Binance Smart Chain, IoTeX, Solana, Polygon и Avalanche. Количество монет, доступных для торгогвли с кредитным плечом больше двухсот, это наивысший показатель среди всех децентрализованных бирж.
Ежедневно на WOWswap листятся новые монеты. WOWswap имеет сильный бэкграунд из таких инвесторов и партнеров как Mechanism Capital, MetisDAO, BNB Chain, Polygon, Avalanche, Zee Prime Capital и других. WOWswap является безопасной децентрализованной биржой для маржинальной торговли. Она успешно прошла аудит смарт-контрактов от независимой компании Hacken, а также имеет интеграцию с Chainlink Oracle для каналов ценообразования.
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This is newbie talk, so don't kill me. I want to learn, but it seems so complicated.
I want to - sell BTC for ETH, and then sell that ETH for more BTC than I started the trade with. Sounds like a simple way to start, yet I know it won't be.
My biggest concern is that there are so many exchanges. How the heck do I know which ones will pay me after I make an exchange? I know I have to check their reserve balance, but what else should I look for?
Some of the best centralized exchanges are binance, kraken, bybit. They have an advantage in liquidity, but the disadvantage is that the funds stored on the exchange do not belong to you. Some of the best decentralized exchanges are dydx, mango markets, wowswap. There is not so much liquidity here, but you have full control over the management of your assets, because it works through connecting your wallet w/o having to make a deposit and go through the KYC procedure for trading or staking |
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Hi guys. I'm newbie here. Wanted to hear your opinions.
These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.
Oh yeah, we all get that itch of buying more when the prices are at such discounts. But I have never heard of the exchane wowswap. I hope you have done your research well before you take a long position on it. I recommend storing your coins on a non-custodial wallet rather than an exchange if you are going long. I personally think BTC will revolve around this range and we might see a bounce back once positive sentiment hits the market. Yes, you're right, I don't use untested trading and staking platforms. Bitcoin is in a downward phase and any bounces are just an excuse to put hamsters with pink glasses in the closet |
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To get the best out of any analysis confluence between multiple tools is best because it gives a clear picture of where to possibly set take profit and set a stop loss in case of reversals. For me i Iove support and resistance and so I combine trend lines, moving average, time frame and indicative candle stick making sure my chart is as neat as possible and any signal outside this i avoid it. This keeps my trading discipline in check.
What are your own it can be beneficial to someone else.
When trading on a decentralized wowswap exchange (I do not use centralized exchanges) I use such indicators as MA 20, 50, 100, 200 in combination with levels of support, resistance. Also I use RSI indicator and volumes. As for margin, I do not use leverage above 5x, it also depends on the volume allocated for opening a deal and its direction (long, short) |
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Over the years I have come in contact with so many traders and 65% of them have always complained about not making a profit in their trading when asked the reasons behind their losses they have always responded by saying this,( bad luck). You can not make profit in trading without observing the trading rules.
Here Are A Few Steps To Avoid Losses In Trading:
1) Have good knowledge about Trading: In order to avoid losses in trading, I advise every trader and those intending to venture into trading to get knowledge of trading first before trading. Go for online classes(Youtube) for a pre-trading experience, register for mentorship classes, and onsite classes for a fast and better understanding.
Note: Learn To Earn.
2) Trade With Well Known Trading Platforms Only: To avoid losses as a trader, ensure you trade with the recognized trading platforms, e.g, Bitfinex, Binance, Huobi, Coinbase, Bittrex, kucoin, be careful and don't trade with an unfamiliar trading platform.
Note: Walk with the wise you become wiser.
3) Master Your Trading Strategy: Traders who make huge profits in trading have one secret which they do not share that is their trading stategy. They master one trading pattern and they work with it, when you master your strategy, you will trade with confidence you will jump around looking for signals or analysis before trading.
Note: Stick to what works for you.
4) Understanding The Power Of Risk Taking: As a trader, taking a risk in trading is good but knowing when to take the risk is better, so many traders lose money in trading because they believe that everything about trading is risk-taking no, you only take cross-examined and calculated risk only in trading this will help you to stop even when your profit margin is high.
Note: We trade to grow not grief.
Summary: Your profit must be greater than your losses if your a good trader so trade with wisdom.
I will also share my version of the trading strategy in this topic too - Timeframe - 5 minutes - Look for a big accumulation of highs or lows and use them to draw the level - When this level breaks through, go in the direction of the trend, put a stop-loss outside the high or low - Keep the risk/reward ratio of 1 to 3 - Use no more than 4x leverage (Cexes – Binance, Kraken; Dexes – Wowswap or Ddex) - Profit! |
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I have seen many questions about how they are going to be a professional trader, so I just wanna share my experience, I am not a professional trader but I just wanna share some of my experiences and way of thinking in trading. 1. Trade at your own risk - You should know that investing, gambling and trading is somehow the same because you are not sure that you could win the prize, so expect that you could win and you could lose your money. 2. Limit your budget - always limit your budget for trading, you should use only those extra money you have, instead of spending it on some other things, you may use it for trading, at least you made something to make it profitable. 3. Do not be greedy - There are many people who suffered from being greedy, they tend to spend all their money because of thinking that they could still make more money but instead of earning they have lost their money. ALWAYS KNOW WHEN TO STOP AND CONTINUE TO TRADE. 4. Learn from your own mistake - Instead of being sad because of losing try to think on some other thing why you get lost and think some good strategies to overcome those mistakes. Some good tips from google: 5. Check the ticker symbol - Ticker symbols are not universal and may vary from exchange to exchange in rare cases. Those cases, though, can come back to bite you. For example, Bitcoin Cash trades on some exchanges as BCH, while it trades on others as BCC. BCC is also the ticker symbol for BitConnect, which was recently outed as a Ponzi Scheme. If you bought BCC under the impression was Bitcoin Cash, you would’ve lost a lot of money. 6. Pay attention to the bitcoin - Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in price. Trading is really profitable ways of earning money and having skills and knowledge about it would be a great advantage for you. I'm sharing my trading strategy - Timeframe - 5 minutes - Look for a big accumulation of highs or lows and use them to draw the level - When this level breaks through, go in the direction of the trend, put a stop-loss outside the high or low - Keep the risk/reward ratio of 1 to 3 - Use no more than 4x leverage (Cexes – Binance, Kraken; Dexes – Wowswap or Ddex) - Profit! |
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Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.
2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.
This is an established system. Those who have been in bearish cycles before understand how it works. It's just time to accumulate bitcoin and other assets. I also do this and I am a supporter of cryptocurrencies, but I also regularly open short positions on wowswap on bitcoin, because we need to realize the fact that we are already in a bear market and making money on a short position is much easier now than it was a last autumn |
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