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381  Economy / Trading Discussion / Re: Newbie Trading Question for Coinbase Pro? on: November 12, 2019, 01:53:00 AM

If after you have studied lots of videos from YouTube and you still cannot grab it, just leave trading alone man

No need to be so scathing. Everyone starts from somewhere.

As for actions you might want to take in regards to these order types when you're trading as the definitions of these types of orders have already been explained, people typically set stops on their trades to prevent excessive losses on trades because most people typically enter trades based on a certain amount of money being risked. Stop orders help you cap losses to a predetermined amount, though note that Coinbase Pro only lets you set limit stops now, and in some instances, your limit stop might be skipped over because it does not instantly execute onto the books. CBP actually removed market stops a few months ago AFAIK, dunno why but that's not a good thing in my eyes.

Generally, you use market orders when you need to quickly enter or exit a trade (usually during times of high volatility), and you use limit orders to enter or exit trades when things are calmer or when you don't necessarily need the speed of a market order so you save on fees too.
382  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Question about yobit's free coins on: November 12, 2019, 01:41:53 AM
QUBIX really just seems like a random shitcoin created simply for the purpose of being pumped and then dumped on Yobit- I can't find any information on it either even after doing extensive digging on various search engines narrowing in on just the term Qubix, and it does not seem to be listed anywhere else except on Yobit. The only information I can really find on it is from the Cryptotalk forum and some people suggesting it's some failed IEO on Yobit, but that's about it.

There honestly might not be any sort of site or even a blockchain for the coin at all. That's completely possible considering how shady Yobit is overall; I've found another Russian-language website that seems to suggest it was made only for pumping and dumping here (click for direct link) as well.
383  Economy / Exchanges / Re: Bitcoin margin trading platform, which is better? on: November 12, 2019, 01:34:53 AM
I love Bitmex's UI and the fact that you can customize so many features in so many ways on their site, something that no other major leveraged trading site offers to the extent Bitmex offers, but I've been slowly moving over to Bybit as of lately even though their interface is not as great as Bitmex's primarily because the site tends to run much smoother than Bitmex does during times when prices are moving strongly in one way or another. There's not nearly as much volume on Bybit most of the time, but it's still good enough for the amount of crypto I'm trading, and the site is reliable when I need it to work.
384  Economy / Gambling discussion / Re: Gambling Addiction at its Worst! on: November 12, 2019, 01:28:59 AM
The worst thing that's happened to me directly as a result of gambling was almost spending money I needed for daily expenses a few years back; fortunately I was able to come to my senses shortly after realizing what I had nearly done and I've never gambled more than I could ever afford to lose since then, but I do know a lot of people don't end up nearly this lucky from my personal experience. I've since only gambled for entertainment every now and then to avoid any sort of serious addiction, and it's been working fine for me.
385  Economy / Trading Discussion / Re: How to start trading with 2 BTC? What is the first step? on: November 11, 2019, 01:01:38 AM
Do not mess with leverage if you're new. It's a terrible thing for people that don't really understand it, and it's going to mess you up if you start out trading with margin. Start by trading on a reputable site without using leverage and read up and test how the site you're using works (VERY important), and start by watching or reading beginner guides on trading on places like Medium or YouTube, and start applying what you learn with a very small amount of money to ensure you're learning but not wasting excessive amounts of money at first.

It's very possible you might not profit much at first. Most new traders tend to lose money simply because of inexperience, but that's fine as long as you're only risking a set percentage of your trading capital per trade and you're not risking more than you can afford to lose. The latter is probably the most important thing you need to remember in trading.

You'll never learn much by copying others' trades, though it's possible and actually built into some platforms like eToro for free (AFAIK). I'd advise against starting out by copying others' trades, because the end goal is to be trading on your own, not by depending on other people. It's fine to occasionally view other peoples' trades to visualize their thought processes and techniques, though.
386  Alternate cryptocurrencies / Altcoin Discussion / Re: What have been some of your biggest losses/mistakes and successes with trading? on: November 11, 2019, 12:56:07 AM
A while ago when I had just started trading cryptocurrency as a whole, I got liquidated for about $2,000 on a leveraged trading site. That was one of my biggest mistakes in trading in general, especially back then, and that was also a wake-up call to myself that I was risking way too much money for very little reward, and I worked for the next few weeks to retrain myself to both think and trade differently and develop a better-formed risk management plan as well.

It wasn't the end of the world because I had learned from that experience and I also didn't risk more than I could afford to lose at that time. Not all losses are terrible things, and I've actually learned about a lot of my own flaws through analyzing losses.
387  Economy / Trading Discussion / Re: Have you not relented in viewing your account wallet? on: November 10, 2019, 04:18:30 PM
I also used to obsessively check my wallet balances and their equivalents in fiat currency a few years ago, but I've mostly gotten used to the volatility that occurs with crypto and I only check my wallet(s) maybe once a week now, or if I notice there's some truly significant price movement happening. Crypto's volatile, and that's what you sign yourself up for when you get into it. You'll get used to it eventually.

It's also possible you have too much invested if you're obsessively checking your wallet. Consider how much you're risking, and if that's too much, take some out. If you've got a little less invested and you have less to lose as a result, you're likely going to worry less.
388  Economy / Trading Discussion / Re: 5 mistakes every crypto trader should avoid on: November 07, 2019, 09:53:58 PM
Diversification's not entirely needed if you're only talking about it in regards to doing so in cryptocurrency as well. Many people have done extremely well investing only in Bitcoin and holding and/or trading only Bitcoin, and a lot of alts end up going nowhere as well, even sometimes despite having a good project.

Doing your own TA is also an extremely good idea, especially initially. You're never really going to learn if you only use other peoples' work or copy other peoples' trades, and you have to start somewhere. It's tempting to just copy other peoples' trades like you can do on a site like eToro, but you really gain nothing from that.

A lot of people also rely too much on one or two indicators or end up trading with no plan to minimize risks. Risk management's extremely important because you can have a very high winning trade percentage rate but still lose a significant amount of money on just one or two failed trades. You should also take risk into account when making individual trades as well, because a lot of traders, even more experienced ones, take a significant amount of risk for just a tiny reward.
389  Other / Beginners & Help / Re: Hardware wallet for $5 - Don't be fooled! on: November 07, 2019, 09:32:55 PM
Might just be some sort of placeholder item not intended to be bought to catch peoples' attention as well; if you read the item description, it says that you need to contact the seller from either their WhatsApp or Gmail for more information, and I wouldn't be surprised if this was the case because they also have other listings organized similarly with various storage and RAM options available for products like Amazon Fire TV sticks with the same description and the same MOQ of 50 items.

Either way, it's not legit and it's not worth your time to even contact these guys. Already risky enough to buy hardware wallets from a place that's not from the manufacturer's site, never mind something like this.
390  Economy / Gambling / Re: introduction on: November 07, 2019, 09:19:52 PM
Site support automatically popping up in the left corner and the button being in the left corner is also pretty awkward. Most people tend to be right handed or right eye dominant, and you're accomodating for more people by having that on the right side of the page.

Not sure if this is some sort of bug or if it's intended, but I get the alert '1 new message' on my Chrome tab when I go to your site, probably from the automatic support popup. Somewhat annoying to have that happen IMO, and it doesn't seem to go away until you start the support chat, but I understand you're trying to show users that you have active support.
391  Economy / Trading Discussion / Re: Do long term holding profitable in all cases? on: November 07, 2019, 09:07:21 PM
If you still strongly believe Ethereum's going to rise in the future for whatever reasons you've determined like their technology and other features, then sure, keep holding, but I would agree with what's been said here that long-term holding's still not 100% safe, though for the majority of people it's a better way to go than trading for sure. One pretty easy way to see this is just looking at the historical snapshots that Coinmarketcap provides (click for direct link); a lot of the top altcoins and Bitcoin have been rising for quite some time, though a few of the past top alts like Peercoin have basically vanished because they didn't have much of a use case and didn't have much development.

It's up to you in the end, but always remember that it's sometimes best to just cut your losses and start anew. Bitcoin's been historically one of the best if not the best coin to hold long-term, but that might change in the future. Nobody knows. Do what you think's best, as long as you can afford to be wrong.
392  Alternate cryptocurrencies / Altcoin Discussion / Re: Making money through DEX fee's. The next big thing? on: November 07, 2019, 08:54:59 PM
I agree, though I will also add that a lack of liquidity and trading volume on most DEXes compared to traditional, more centralized exchanges is also part of the problem why most people don't choose to use decentralized exchanges. More and more places starting to require KYC as a result of more pressure from governments to tighten down on crypto is probably also going to make some people look towards decentralized exchanges as a viable option as well, and rewarding those who help keep the entire thing running smoothly is a great idea for all users as well, though I imagine rewards for running a node like this probably won't be as high as expected as more and more people try to get a piece of the pie.
393  Economy / Gambling discussion / Re: honest opinion on our future gaming platform project. on: November 07, 2019, 08:47:26 PM
From the picture of the poker part of your site, it seems like you guys have some sort of tab system similar to what you find with a browser going on with the lobby and game being the tabs in that picture; I find that systems like this online typically don't work extremely smoothly for a number of reasons, but I'd be interested in how that works out once the site launches.

I'm personally pretty indifferent to how a crash site works because it's still essentially the same game regardless of how it's presented, and I don't care much how the game's animation is presented, but it's certainly unique that you guys have made something a bit different here. Provably fair's another nice touch, and even though almost all of the popular casinos around here offer provably fair systems, there's unfortunately still a few sites that don't.
394  Alternate cryptocurrencies / Altcoin Discussion / Re: Can an expert tell me how to identify a shitcoin (example: Insight Chain) on: November 07, 2019, 01:24:24 AM
I personally call coins without a working product shitcoins, or especially ones that promise one far in the future; a lot of these promises eventually fall through and never happen, and it's gambling if you're buying something that's only promising to deliver something. Some factors also depend on how you view things; for example, a lot of people like to call strongly centralized coins and tokens like Ripple shitcoins. Projects that aren't solving problems but are looking for solutions to problems that might not even exist are also shitcoins in my eyes. There's really no one way to define it, but a very general way of defining a shitcoin would just be a project that doesn't meet its own goals and/or does not have any significant real use-case.
395  Economy / Trading Discussion / Re: TRADING TOOLS? useful/useless on: November 07, 2019, 12:58:25 AM
I've only ever found good ol' technical analysis to be effective; there's plenty of software and sites out there that claim to offer a boost to your trading performance through some obscure correlations that are very weak and other similar claims, but almost all of them just don't end up working in the end. Bots can be a useful tool, and I've experienced success in using them, but you'll need to learn how to configure and modify settings in whatever trading bot you choose to use and that takes time too, in addition to having some sort of profitable strategy (using backtesting and your own testing, etc) for the bot to run.

Additionally, because of the way Bitmex contracts work, the short to long ratio will always remain 1:1 and the tools trying to estimate long-to-short superiority like Coinfarm are using multiple assumptions to arrive at the numbers they provide. Seems to be a common misconception not just here that some people think there's sometimes more longs than shorts or vice-versa on Bitmex, but there isn't.
396  Economy / Gambling / Re: Luckyhash.net Crypto casino Dice/slots 0.5% house edje on: November 07, 2019, 12:45:56 AM
Seems pretty suspicious to me that the entire Provably Fair page of this site (click for direct link) is plagiarized from another casino named bitcoinfay (click for link) that also happens to have almost the exact same theme and layout as this site except this one seems to have less games than the other site I've linked here. I dunno about you, but I don't like to gamble on sites that seem to be generated from templates and have information that's copied sloppily from other places.

The Terms of Service for both sites and Privacy Policy at the bottom of both also seems to be the same. Yikes.
397  Alternate cryptocurrencies / Altcoin Discussion / Re: CMC and coingecko on: November 07, 2019, 12:37:56 AM
Some of CMC's data is also somewhat unreliable, though to be fair it's difficult to pull accurate numbers on volume and various other statistics for coins nowadays, especially when a lot of exchanges now fake volume and trading activity to get users to trade on their platforms.

It's also very possible some coins are just not listed on CMC and/or CoinGecko because the listing process on both sites seems to be somewhat long, and there needs to be a request sent to either of the sites in order for a coin to be listed. Nobody seems to have linked to this yet, but I've found CMC's exact requirements (click here for link) for a coin or an exchange to be listed on the site.
398  Economy / Trading Discussion / Re: How to learn bitcoin trading? on: November 06, 2019, 11:35:26 PM
If you're completely new to crypto as a whole, I highly suggest you read some of the basics about crypto in the Beginners & Help section; there's plenty of comprehensive reading material on that part of this forum, and some basic information about this forum as well. One of your questions about increasing wallet security's answered in one of the pinned threads in that section (click for direct link to thead), and if you've got any questions outside of trading including technical problems about bitcoin and more, that's the place to go to ask. The Bitcoin wiki (click for direct link) also has a lot of good reading for beginners if you navigate towards the Topic central category.

As for tips and resources for trading, there's plenty of information and discussion about that in this part of the forum, though there's not as much general information around here and a lot of the discussion is about just one or two topics. One of the first things you should be doing is finding a reputable exchange to trade on (some of them being Binance, Coinbase Pro, Bitstamp and others as well), learn how to properly navigate the site you choose to trade on, and then find and read or watch basic material on trading if you're also new to that. A lot of the general information about topics, such as and especially like TA, applies to crypto trading, though it's very true that some things don't and crypto markets move more erratically and wildly than traditional markets.

edit: fixed a broken hyperlink in my post.
399  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you sell a million dollars bag of crypto? Would you trust exchanges? on: November 06, 2019, 10:56:46 PM
Some other sites also have some sort of tiered verification system that limits how much you can transact or withdraw at one time or within a certain timeframe, so make sure you're properly verified on whatever reputable exchange(s) you're choosing to use beforehand. Certainly do not use any sort of exchange that seems shady in any way, and stick to ones that are reputable and have been well-established. I've done relatively large withdrawals and transactions through exchanges like Coinbase Pro before with very few problems.

I would also suggest using limit orders to scale out to save money on fees if you're trying to cash out a large amount of crypto and if you've got time. Market orders usually cost quite a bit more than limit orders, so take note of that.
400  Economy / Trading Discussion / Re: Market Price Vs Limit Price on: November 06, 2019, 10:20:32 PM
I usually use limits to enter and exit whenever possible, though there are times when I will enter using limit orders and exit using market orders when things are moving rapidly as it often happens with crypto. I especially like to use limit orders when the markets are moving slowly or when I'm just letting a trade run when I'm not actively watching it. You don't always need to pay the cost of speed. I also use market orders for stops, especially on leveraged trading sites like Bitmex or Bybit when prices can move extremely rapidly and jump over where your limit stop is set to execute. That's one instance where it's a good idea to pay for the speed that a market order provides.

Some sites, especially leveraged trading sites such as Bitmex, Bybit and Deribit, give you a rebate on fees when you use limit orders because you're helping to provide liquidity by making a limit order, and that helps to offset the fees associated with market orders a little bit.
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