Latest posts of: justdimin

Quote from: Mr. Magkaisa on June 22, 2023, 10:27:11 AM

Quote from: Mayor of ogba on June 19, 2023, 04:36:36 PM

As a newbie in the crypto space, I want to know the steps to take to be able to understand technical analysis and also know how to enter a trader.

- Honestly, what you are asking is not easy to understand immediately for a beginner entering Crypto trading. In order for you to have an understanding of this, you must first have an idea, even a basic one, so that you can understand what others will tell you here.

You can only understand this somehow if you are in the actual trading view, and to see it you must have an account on Binance, Bybit, and other exchange site platforms. And when you also learn about technical analysis, at the same time, you will learn fundamental analysis, of course, and other tools that will be used in trading activity.

Learning about TA is a months and months long work and in order to be able to do that, you need to make sure that you know what you are doing and if you are doing a good job then you will realize that you are getting better at understanding it. Not a lot of people can understand it completely which means that it is not going to be a simple job.

I think it is better if you could focus on what you could do, and that means we are talking about making as much profit as you could after you learned it. How do you understand you learned enough to trade? Well, there are two ways, one is you will learn it by seeing, like you would write down on a piece of paper when you will buy it without buying it, and then check later if you were right. Second is spending just a tiny amount to trade and see if you could.

Quote from: shivansps on June 22, 2023, 11:28:26 AM

This is a matter of psychology and self-control as well. After all, when it gets low, sometimes we think that it can still go down and a little more and a little more .. And then it rises and we try to catch a spaceship that is about to take off, but it was not going to take off
And if a trader knows when the right time is to enter the market, then this is a good trader and it didn't come to him immediately, but through the result of many mistakes and loss of money. Even with great experience, it is not always easy to know when to enter the market. This timing question will always be one of the most difficult
And the signals are a separate issue. They must be taken into account, but you should not rely - I agree with you

Well, that's why I enter when it is going down, not wait for it to go down more because I will buy again later on anyway, whenever I get my hands on some money I will buy bitcoin. This is why there is no need to wait, mainly every time I get paid, I end up getting my salary and when I get my salary I buy bitcoin with it, well not all of it but some of it.

This means that I may buy at the bottom (thankfully this month I did) and I may buy up, but if I buy up today, I may buy bottom tomorrow. That's why I am usually not worried about it, that's not a problem for me. I think it is quite important to remember that we could keep having some sort of results that change things in the end, I think that's a lot better and more important to do it that way.

Quote from: octobuzz on April 19, 2023, 08:45:18 AM

The rapid development and advancement of AI is something that everyone is aware of. AI has truly come to stay with new ideas being implemented and released by different companies.

However, I'm a bit curious on how AI would affect cryptocurrency in the nearest future. Will it be majorly positive or negative? Let's all share our thoughts on this.

I think it depends on the advancement level, I mean if we are talking about just a bit, then no it won't but if we are talking about actually using high levels of AI and not machine learning, then we could maybe start seeing something.

When you are using machine learning, it does learn by itself, and it even goes out and learns how to learn as well, I have used it to prepare all of my vacation for example, from train tickets to hotel to everything to see, that's good because it goes and looks for it, and learns about it, you do not teach it how to find train tickets just in case someone asks, you teach it how to find where to find train tickets and it goes finds it. We need to improve on this like 100x more and think for itself, it is not really AI if you ask it and it responds with the answer, it is AI when it asks "why do you want to do it" instead of giving you the result.

Quote from: Ultegra134 on June 15, 2023, 11:08:19 AM

Quote from: kryptqnick on June 15, 2023, 10:17:59 AM

The price is currently around $25k. It's not ideal, yes, but it's not terrible either. It's possible that we'll have another bear year and see improvements somewhere in 2024. In that case, Bitcoin can easily drop to $20k, perhaps even $15k. I don't think the latter is likely, but it's not impossible at all. When investing in Bitcoin, one should take volatility into account and be ready for lengthy bear markets. If one is too anxious seeing an investment down 5-10%, I'm not sure Bitcoin is a good choice, as it will bring a lot of anxiety to such people.

It's not that bad either, judging by how the situation with the SEC has progressed. Bitcoin is the only coin that has shown minimal volatility and retained its value, which is quite logical if you ask me since the SEC is mostly after altcoins. Personally, I'm greatly satisfied with the current price, and if the lawsuit against Binance doesn't take a turn for the worse, it's very unlikely to see a new bottom. As for the OP, it's perfectly normal and expected to experience a lower price after conducting a purchase; it has happened to everyone, including myself. It's not something you can easily predict or expect, so you shouldn't have any regrets.

I think that is because whatever happened with SEC, has nothing to do with bitcoin and that is why it didn't really get an impact. Even the worst possible thing that could ever happen ended up happening, that has nothing to do with bitcoin and that is why people felt easy about it. It was like a safe harbor, it was a place where people ended up doing whatever they wanted to do and they ended up with a good result in the end.

You could simply just run away from anything and just find yourself safe at bitcoin, this is why most people preferred bitcoin and that is why I think it is going to end up with a great result eventually. This means that we are not going to end up with a great result, it is going to take a while but it will certainly happen.

Quote from: davis196 on June 16, 2023, 10:37:59 AM

This is yet another forum post about "Crypto hater says this and that about Bitcoin". Should we even care?
The crypto/Bitcoin haters won't go away and they won't stop hating on Bitcoin/crypto.
The fact that this guy doesn't understand why Bitcoin is more valued than "Hamster coin" only shows the doesn't understand how economy and finance works and he's completely retarded. Evading the US sanctions is actually something good. The USA is shooting itself in the foot by using it's own currency and financial system as a global weapon.

I think it doesn't matter in the sense that we should be caring about it and make a trade, but it does matter in the sense that someone that is high up there in political world ended up hating bitcoin and we should be well informed on it. Remember history class? Why would I care about the war between Rome and Carthage?

It doesn't mean that I would ever use it, but I was thought about it at school for some reason. Because so I would be well informed on the subject, being able to know a lot of things means you would be wise, the more things you know the wiser you are. This is one of those things, be aware of it, be informed on the subject, then you don't have to do something about it directly, just being aware of this news is enough.

Quote from: Mame89 on June 21, 2023, 10:29:09 AM

Why not, because Bali is a tourist destination that must be visited. Bali in other words can be called the island of the gods because the place is very beautiful like in heaven where the gods are. This is in my opinion.

Regarding the prohibition of crypto transactions, as a tourist, you should comply with the regulations in that country, there is a saying that says "Where the earth stands, there the sky is held in high esteem". Because each country has its own laws governing currency as a means of transaction. As far as I know, Indonesia only prohibits bitcoin transactions as a means of payment, bitcoin as an investment instrument, Indonesia does not prohibit it.

But in my opinion, the State should also not give sanctions to those who want to sell and buy using crypto, this is the basic right of every human being, as long as both parties agree. Because in ancient times buying and selling could be by agreement between the two parties to the transaction. For example, their agricultural products are exchanged for handicrafts from ceramic plates, jars, bowls, that is the individual right of each of them as long as they mutually agree and the government has no right to impose sanctions. Hopefully in the future Indonesia can implement a system like this, so that the country continues to develop following technological developments.

To be honest, as long as I do not live there, it doesn't bother me. Not like I will ever visit there because it would be financially silly, I haven't seen most major european cities, well in fact none of them yet, so I would rather spend that money on that, but the fact that I could means that I would not care about the laws of it at all. I would just focus on the situation a lot differently and I would not be able to actually consider that as a trouble.

I think it's quite important to remember that we should be considering these as no trouble as tourists, it's just not an issue, it's not regarding you, it's regarding their own citizens. You will be in an out, you won't stay there so why would it matter to you at all?

Quote from: MiF on June 21, 2023, 01:33:27 AM

No one knows the exact price or how far the price will rise this year,we still on dip but there is still a big chances of rising in the next couple of months i think bitcoin will reach 50 to 60k$ before year end this was my own thoughts. There is no accurate prediction but based on my observation price is slowly rising this time and if this rising continue we will be having a new ATH few months from now.

I think when you look at the current situation, it's easy to say that it could be possible to make that much profit, I know that it's not going to be simple but it can be done and I think it will happen. I hope that it will happen quickly but until it happens we just need to make sure that it can't be done any other way any time soon.

The increase we had right now means something good, and that is why I believe that we are going to end up with a good profit later on. I know that people are looking into the market like it's on a bull run already, and we are at June only, think about what could happen until December. I think your estimate of 50k is not too far off, I think that could happen by the time December comes around.

Quote from: YUriy1991 on June 21, 2023, 06:00:29 AM

Quote from: EarnOnVictor on May 24, 2023, 04:28:20 PM

Get used to the psychology of the market, the market has many conditions that it could follow that will either favour a trend or opposes it. It could make a deeper correction, and it could reverse even as you think it's still correcting. That's why traders should get ready to adjust to any market condition as any market could be short, medium or long-term in trend, and so are corrections too.

Yes, Today Bitcoin's recent surge to 29k has provided strong validation of its resilience, as it managed to climb without encountering any significant rejection along the way. This remarkable performance serves as a testament to the efficacy of technical analysis in understanding and predicting market behavior. I expect Bitcoin to retest May 2023 opening levels and close the CME gap before entering a period of sideways moves.

There may be a small additional suggestion from me here. It is very important not to get involved in shorting Bitcoin based solely on meeting resistance. I have observed many retail traders choose short positions simply because of the prevailing resistance level and bearish sentiment. However, it's important to realize that Bitcoin often behaves the other way around, catching shorter people off guard and causing significant losses. So, Let it shape the Price action Once Bitcoin experiences a slight cooldown.

The fact that we decided not to be okay with all those falls is the thing that makes me the proudest. I mean we are talking about not being able to crash, it tried to crash and we recovered from that level and that's a good thing. I think it's important because it allows us to not be worried about anything like that ever again.

I think it should be considered a bigger and better deal, since we are talking about a much better thing in the end. I know that people are going to be worried about it one way or another and they will wonder if it will crash again and harder this time around. Like a lot of people call this a dead cat bounce already, but that doesn't mean that it didn't bounce, it already did, and if you bought at the bottom then you could have survived.

Quote from: Taskford on June 15, 2023, 11:54:29 AM

In my own opinion there nothing to debate this topic because this all depends on a persons need.

We know how expensive the real estate assets on business hub cities compare to province so much better if you rent since you can enjoy all of your time since you will not get drained to travel long hours for you to get home.

You can also buy house and lot even if your budget is tight but expect it will be on province and not near to your workplace. so try to decide depends on your needs since buying an asset is somehow a big obligation to take.

That makes it debatable because the answers are subjective. One person can state on why renting a real estate is better and the other person can give his opinion as well on why buying a real estate is the best. Real estate in a city is expensive but once you buy it, you can still be able to recover your capital for a short period of time if you open up different businesses there.

You can also resell your real estate later on, for a much higher value. To have a real estate in the province area do also have its own advantage because it is more relaxing there and you can use some of your land to make a farm. It can as well provide you an extra income.

Quote from: so98nn on June 19, 2023, 11:08:41 AM

The cover-ups are always there and in the FTX case, it's brutal. Every bit of info is traceable around the internet and through the FTX servers or system. Nothing gets deleted just like that, there are transaction histories, proofs, snaps, backups, and whatnot but the government took the slower steps to reveal everything just to create that negative buzz in the world of cryptocurrencies.

Sometimes I am feeling the USA is slowly injecting this negativity into the crypto space in a step-by-step manner and no one would ever understand this unless the whole Crypto space is halted somehow.

They always making headlines but periodically and creating that fear in investors' minds who are into cryptocurrencies. First, they did 4-5 exchanger scams and opened them showing how their books are not clean including Binance US. Then they targeted the banks which are directly involved with the crypto such as SVC.

Don't you guys think everything is fishy and most of the drama started with FTX fall!

I do not think that it is a secret anymore, it is obvious that they are doing it because decentralized currency is putting some difficulty on the centralized fiat they have. If bitcoin keeps growing bigger and bigger, how could nations like USA or UK or China etc etc, big nations basically, could keep their population under control?

Financial freedom is one of the ways people could end up changing the system of a nation, because they have no worry anymore, and not like you can seize it neither because bitcoin could be privately owned, hence you would not be able to seize their finances. This means we are going to end up with a big deal when in fact there is nothing they could do and the best way would be to make sure they slowly and gradually make it look bad.

Quote from: tranthidung on June 15, 2023, 10:52:32 AM

Quote from: kryptqnick on June 15, 2023, 10:44:54 AM

Binance is the most trusted crypto exchange, and it's also a huge crypto business. Even the lawsuit has a mild negative impact on the market, so going down would probably be much worse. We've seen exchanges go down in the past, and that can temporarily cause significant damage.

If they don't scam, they will continue to exist. Because you mentioned about "exchanges go down in the past", I'd like to quote BitMEX exchange and their former CEO story.

That exchange has continued to exist and operate until now and I believe Binance will not die. They are a serious business and a game changer in this industry. They are different than FTX as they are better and more careful with risk management. They are seriously do as best as they can to comply with current regulations.

100 million is nothing for Binance to be fair, and they are not illegally running an exchange neither, they are valid legal company that has a .us company that deals with all the legal parts and making 100 million per month at least, probably more.

So, the maximum fine they could throw at the binance corporation, they can pay it and still continue, they will fix whatever caused them to have that problem, and not do that again, but they will continue without a trouble. Think about how much money this company makes, they are making tens of billions of dollars per year, it is just not going to be possible to stop them at all, it's just not possible. They will figure out a way to throw money at other politicians, and I mean like 30-40 million per congressman and 100 million per senator and they would still be rich and could run the whole nation. They do have the money for firing Gary for sure, easily done.

Quote from: stomachgrowls on June 14, 2023, 11:26:20 PM

Risk levels is different on both things on which it would really be that normal to have that kind of approach on which one you would really be dealing off with. We know that gambling is for fun and trading or investment

is really just an another form on which dealing up with crypto does really have that imposed risks but not as high when we do gamble. Somewhat when it comes to duration on how long you would be able to make
money is totally different. This is why there are people who are really that interested on playing gambling due to this kind of thing and differentiating up stuffs when it comes to duration and the easy making of money
but we arent that blind about on the risks involved.
Entertainment thing is totally different when it comes to investment or trading on which we know that these things could potentially make our lives to be financially free on the time
that you would be having a good grasps into it.

I think it's quite important to calculate the risk levels, that's the risk management part of crypto trading and that makes it so much more profitable for most people. I understand that some people are completely mad men when they are trading and they do all kinds of crazy stuff, and that's who they are so I understand it. Think about it this way, there are people who jump off airplanes with parachute as well, would any "normal" person do that, why would I want to jump off an airplane?

Even if I survive and there are 100 million tons of cottons everywhere and I have 8 different alternative parachutes just in case, why would I ever want to do that? Yet some people do, that's their thing, they love adrenaline, and they may find this type of trading more fun as well.

Quote from: DanWalker on June 19, 2023, 09:56:28 AM

What happens after you cut loss, but the price doesn't continue to fall? Whether in a bull or bear season, bitcoin is never predictable, and we will never know what the market manipulators are thinking. Selling bitcoin while the price is falling is actually an extremely risky move, if you are not a good analyst, you should not try this.

If unfortunately, the market continues to fall when we buy, we should be patient and continue to DCA if we still have money in reserve. If not, hold on and do nothing, don't try to prove that we can read the minds of the sharks or the market makers.

That is why you do not cut loss and sell, that shouldn't happen and that would result with you losing money. The reality is that we are talking about a situation where you should be gambling as much as you possibly could, and if you keep doing that then you are going to be fine.

I personally believe that the best thing to do is DCA, it allows you to make as much profit as you possibly could and if you keep doing that then you should be feeling fine. I know that it is not going to be a simple thing, but if you could do that then you should be fine. I know that it is not going to be that hard to handle it all, but if you believe in yourself then you should be fine. I believe that DCA will make me rich, this is why I feel comfortable when I am buying more when the price is dropping.

Quote from: palle11 on June 13, 2023, 12:02:20 PM

Quote from: Hypnosis00 on June 10, 2023, 12:49:44 PM

I was thinking about this saying "Huge risk = huge rewards" but it was too opposite from what we want instead, we are looking for Less Risk but huge rewards. That is why only a few people succeed in trading as they can't accept the challenge and manage to handle stress. As we can see, many traders quit and become holders, but that was a good escape rather than leaving crypto forever.

Risk is not eliminated in trading but it is reduced when we use proper risk management. Agreed that some people have left trading to hodling and that is basically because of the trading mentality of profiting 100% without thinking of losing so they losing but having in mind that it is less risk and huge profit. Market trading can not be without risk and losses and it is better setting your loss limit. One important factor of stop loss is it stops you from losing all your capital.

I am one of those people, I left trading and I became a long term holder, that's a lot better for me and so far I have made better returns that way as well. Trading is something that requires studying, learning, a lot of indicators, chart reading technical analysis and many other stuff along with a lot of news, some of them bad and make it go down and all these matters and you need to be great at it in order to be a good trader that makes profits.

What makes a good long term holder? Literally just forgetting that you invested, we heard all those news "guy invests into bitcoin 10 years ago, forgets about it, founds his keys and suddenly a millionaire!" well that's it, that's a long term holder, involuntary long term holder but that's all you gotta do.

Quote from: wajik-tempe on June 12, 2023, 12:09:19 PM

Furthermore, it's best to start modest and gradually expand your exposure as you develop expertise and confidence in Bitcoin trading. It's also critical to keep up with the newest cryptocurrency news and developments, since they may have a considerable influence on Bitcoin's price swings. Before investing in Bitcoin trading or any other type of speculative investment, it is suggested that you conduct extensive research, exercise risk management strategies, and consider getting guidance from experienced traders or financial experts.

I think it would be smart to start small because that way you get to see where you are in talent as a trader. If you start with a small amount and then you start to make a profit do not get too confident and put all your money in suddenly, just increase it by 10-20% levels and try again, if you keep making a profit then keep increasing that way for a long time and eventually you will do better. But most people end up not doing that and the results are not that great.

I have seen people who lose when they first start and that is the best, losing right as you start is amazing especially if you didn't use all your money, because that makes a person be a lot more careful. However, if they end up with a profit the moment they start, that is going to be a lot worse for them without a doubt.

Quote from: tjtonmoy on June 14, 2023, 04:43:26 PM

Trading is a skill we learn through a process. It requires learning many things, such as analyzing skill, risk control, understanding market movements etc. It includes risks too. But with experience, we can make profits. But not every time, we make losses too.
As in gambling, it's a 50/50 chance on every possible outcome. People makes profits and losses in here too. In the end, it truly comes to luck while gambling.
So trading and gambling has a thin line between them. But at the same time, they have their differences. Not everyone can start trading as soon as they please. It takes time and dedication to learn the process. On the other hand, anyone can just pop up in a gambling platform and start right away. And gambling is designed in such a way that it will always feel newbie friendly. It's so easy that often times it turns into an addiction.

For my perspective, I think we can compare between betting and trading to be much similar. Because in betting, you need to collect data, make analysis, then place your bet. It's also a 50/50 chance. So it also have difference.
There's no doubt that gambling is different from trading.

It takes time as well, you need to learn all those things and people think that you can learn them very quickly but the reality is that it takes such a long time to learn it. After just a month of studying about how to be a better trader, if you think that you learned all you could learn, then you are wrong. People keep finishing one source and think that since all of that source is over and they learned everything there, that means there is nothing left to learn and they should start trading.

In reality, we all know that's not the case and it is never going to be one at all. We should personally assume that the best thing to do in this case would be having more and more sources ready so that we can check them all and see if there are any different material to learn.

Quote from: asriloni on June 15, 2023, 03:27:29 PM

it's caused by there are no transparency in the exchange sites. I meant some wallets must be dedicated to make sure if it will always become transparent, but we can identify easily the hot wallet.
Remember when FTX was collapse. Its wallet was also fully transparent. The only problem is if the investors and users didn't know the financial in the company.

They have no clue about what's going on with it. That's why the retail investors and users will always be loosers once the exchange site goes bankrupt.
There are no decentralizations in the crypto except bitcoin.
Everything being controlled by the developers even dapps as well.

I think that if there shall be a reliable method to disclose the financial condition from any crypto exchange sites. I meant something like a financial report once you are seeing from the stock market.
So far there was no exchange site that was published their financial report properly.

The difference was that in that case FTX just spent money that they didn't have, which caused them to collapse. We had something similar in my nation as well, a crypto company ended up spending the money they had in their books that wasn't theirs to buy out another company, but after a certain threshold of people withdrawing due to bear market, it all went belly up and bankrupted.

In the end, decentralized is good and all, but we can't keep having that type of thing on the long run, it just won't be possible, decentralized is not sustainable because it requires our contribution constantly for liquidity and if we don't then it doesn't work. It would require all of us to go there together to be less volatile than centralized ones, and I don't see how we can convince that many people.

Quote from: sulendra12 on June 15, 2023, 12:00:41 PM

Quote from: shitpost pioneer on June 08, 2023, 09:34:25 PM

After all Altcoins were troubled recently, Litecoin is gaining more confidence again.

But can Litecoin outperform Bitcoin or is Litecoin dead in your opinion?

I can say no to both questions. I don't think Litecoin can outperform Bitcoin because of the upcoming halving in 52 days by the time I wrote this post. I also don't think Litecoin is dead because the strong community and supports from the long-user and one of the old coins out there that does still exist and survive despite so many competitions among other altcoins in the market, decent market cap and price should be enough reason to convince Litecoin is not dead. I'm not a fan of Litecoin but still using it time to time for easier transfer to other wallet because of low fees and fast transaction speed.

I think that is a bit of an unknown situation, I wouldn't be able to say litecoin wouldn't outperform bitcoin, but I also wouldn't be able to say it wouldn't outperform neither, I can't say which one will happen. I think it is going to be a bit of a different situation and we would have to learn to just wait and see, that is the hardest thing in the crypto world, we need to act quickly if we want to profit and sometimes taking our time and waiting to see what is going to happen is a bit of a different situation.

I think it is going to be a tough situation if we act quickly because nobody really knows what is going to happen, so we just need to make sure that it is going to be a bit of a tough situation that should be the important thing, just wait and see what will happen.

Quote from: EarnOnVictor on June 16, 2023, 08:30:31 AM

I voted for a stoppage of the rake hike, they've done well already with the manner in which they were aggressive with it last year. This is a very good measure as a result of the threatening inflation. However, this time that inflation is subsiding, it's a good act to stop it or slow it down to the lowest pace.

The rate hike is very good during bitting inflation times, but when done too quickly, that's where the problem is, including your concern on real estate. That's your concern but generally, it could reduce demand and prices would crash in every sector causing another problem. Still, it has its own advantages on Credit Default Swaps, Savings and others, so it should be done with caution.

And at this point, the FED still holds the Federal Funds Rate at 5.25% on Wednesday. I hope it won't go higher than this, no thanks to inflation.

I agree with this, it was a needed thing to slow down the inflation and they did it, it's a good job and kudos to them. But they have already done it so there is no reason to keep doing it over and over again, we are quite happy with what we got already and that should be enough. I know that there are a lot of people who are still worried about it but that doesn't mean that they are right.

I hope that it's not going to be like this each time and it gets better, because if they keep increasing the rates a lot more then we are going to seer trouble starting. Recession is no joke, everyone putting their money in the banks means a lot less employment available and a lot worse situation for investors who wouldn't grow their profits because nobody would invest.

Quote from: Dr.Bitcoin_Strange on June 15, 2023, 08:57:19 PM

Quote from: MCUKing on June 15, 2023, 03:35:32 PM

I was wondering why the market is falling even after the pause on the interest rate by FMOC. There were fundamental reasons even which can dump the market and negative sentiments were as well under control. I was trying to find some reasons and found many things interconnecting with each other.

Tell me you are not aware of the U.S. government trying to crack down the use of crypto. Also, you are not aware of the issues with some exchanges being charged by the SEC. It's suggested that all these recent activity is what is contributing to the price decline in the crypto market.

Just tonight, one user here just mentioned the quote below, that most people are not even aware of the recent happenings in the crypto space, and I had doubts that it was a very accurate assumption, but indeed, it is just the truth.

I could write a whole essay on why I think what government is doing right now is connected to some rich person trying to manipulate the market and that is why we are seeing this, and then we are going to see something good which means the whale already bought at the bottom he caused and want to sell at the peak he helped build as well.

But, it is not going to be an interesting to say because it's a full on tinfoil hat theory that I do not have any data to back it up. If we could see who Gary has been getting paid from, legally as donations but also illegally as well which is the hard one, then we can find who caused all this stir up as well, they wanted him to do this and he did it because he was bribed by them, which they will make more money back again.