Year 2018, its been rough year until now starting from the first day. When December 2017 hike came into effect then everyone thought that next year bitcoin and most of the Top altcoins will spike themselves by doubling themselves in volume. With that thought in mind most of the people invested heavily at wrong time. That was the initial event when 2018 started. We surged through mega dump in the period January to February by dropping ourself to 16,000 USD and then 10,000 USD all the way down to 30-40% from ATH of December. Traders Who Invested in December : These people suffered a lot due to this kind of drop. They already went down by 40% from initial investment and there is no way they are going to recover that investment until the time they see 16K plus prices. But according to what I read over the forum most of the people with hard truth sold their coins already in the bear and incurred with huge losses ranging from 20-40%. Learning : This event taught us that whenever the market goes many folds high then its the worst time to invest. Do not think that if the market has hiked itself heavily means it has become stronger and it will grow even further. No, that is the worst outcome you can predict from that. So whenever the crypto currency is in bull run ( ~ 20% + high from initial value) then its not the time to enter the market but to halt your trading operations. Traders Who Invested in February to May : These were the traders who had the excited state after the ATH's. They made investment whenever the price dropped below 10K USD during this period. We had 4-6 such occurrences when the BTC price moved from 10K to 8K USD and it was the exact time when you will see heavy rush in the market and more 24 hours volume than any other period. However this was too soon to predict that the BTC might go boom at anytime after tomorrow, then after day after tomorrow but nothing like that happened and BTC dropped even further to lowest of 2018 that is 6K USD by April midway. People took further shot of investing at this period and then this pumped the market to 8K USD by the end of May. They had great time with this peak because most of them got the profits as they invested during the trough and sold at crest. Perfect trade! But not the best one. Learning: Investment should not be done in excitement because it may result in some sort of loss which could be unprecedented. In this group not all the people got benefited because many of the bought the coins at 10K USD which was still the highest point until the May. However there were people who bought the bitcoin by looking at the bottom price of BTC which was around 6K USD. Nonetheless they made great profits after BTC started its wave off the trough reaching 8 to 10K USD. So the second group here analysed the situation by somewhat studying the bottom price and made the profits. Traders Who Invested in May to August : These are the group of investors who have already understood that this year is not so good for bitcoin and it is all surrounded with the Bearish Trend of bitcoin and even other coins indeed. This taught good lesson and people have now created strategy of buying bitcoin by investing only when they see the bottom rates. Sometimes it is hard to see the bottom rate but with the current years movement it is finalised that bitcoin will never go down to 5.5-6K USD looking at the current trade volume of bitcoin. This group will benefit the most in this year because they are probably holding their coins, they know very well 8, 10K USD is nothing but illusion and what they need to do is, to wait and see BTC moving above 10K USD to have proper sell of from the bear trend. Leanring : The best thing to do is, research your "trade trend". After looking at 8 months of data one can surely state that we are not going off the bearish trend so easily and thus it might get difficult to get profits in such time. So the best way to keep buying at the troughs and whenever you see the bottom price. DONT rush the bitcoin selling whenever you see little green spikes, that would be mad decision to take because you are still selling in the Bear trend and not profiting with great % share. Bear Fear For those who are not capable of having control over their investment can do one easy stuff : They can go for the short term trading along with the swing mode. Though we are in the bear mode then also crypto currencies keep fluctuating within that bear wave by 5-10% on a day or two basis. It can be done with careful selection of coins with such volatility and still have profits being in the bear. With the time you may think that Bear is nothing and just nausea which can be overcome very easily.
My Conclusion from 2018 "Trade Trend"
I was very much disappointed when I first saw the dumpsters in crypto currencies as my investment in versatile coins was going down very crazy. But over the period I did notice these troughs and crest and cant tell you how important they are while investing into the crypto. Whenever I see wide open graph of BTC or any currency then we can clearly see that from January to August every coin has made a wavy pattern with long troughs and crest and then you realise that you could have bought at lowest rates and that too many times and could have sold at high rates many more times. This way profiting yourself multiple times and by re-inevstign your profits.
Key Notes :
1) There is still great possibility that this trend will continue.
2) There is NO POINT in asking when moon will come, because you can still gain profits whether its bear or bull.
3) Bearish trend is just your fear, it doesnt matter for how long it will stay.
4) Try to look at the smaller picture rather than bigger one, because no one knows the future trends.
5) You don't really need TA and other analysts to let you know whats coming, because you can predict whats the trough and when is the crest to buy and sell. |
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What are you guys trading on the most?
Anyone using the Bitcoin to trade stocks like 1Broker? Or mostly trading BTC markets? Or Altcoins?
No stocks mate, this time its only crypto to crypto trades. I have tried the Fiat to Crypto and other way around by using some wallets but it seems that constant stability of the fiat is not giving the wings to this market. Apart from this, crypto to crypto is having big margin and possibility of profiting me because of its curse of being volatile.  I can literally sniff through different coins and see their pump and dump patterns to initiate my next time trade and earn lot through it. This you will understand if you are regular at trading in the crypto space. |
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The ICO prices are decided according to the circulation and how much funds they want to raise in terms of soft cap and hard cap. If there is huge quantity of the coins in the circulation then it might come up with the less prices because there is huge supply and thus people can buy tons of coins in single shot. Similar case with the coins with limited circulation and then have higher prices always. This is to reach the soft cap and hard cap faster.
In any case I am currently seeing that ICO prices are averaged between 0.01 to 0.50 cents always.
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Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
Your method was correct but the current time for the crypto currencies is not good at all. There is nothing wrong with whatever steps you followed, you know buying the crypto at bearish trend and then waiting for them to recover themselves from it. I think it is perfect one but its not the right time for crypto and they are very hard on getting recovered from the current bearish trend. They are going even down below and that is true but do know that whenever crypto go down they come up with even more velocity and intensity and thus can profit you hugely.  |
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I have see this kind of technical analysis all the time in the forum and people have put forth many detailed graphs like that one. I guess these analysis will never work because understand this, "Crypto is many times dependent on fundamentals rather than technical stuff". This is completely different world from the stocks, forex etc. and you can imagine that by seeing how fluctuating the market we are in and how it create versatile graphs each time. No theories can explain properly what is going to come in the future so dont bother yourself with such analysis.
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It actually depends on what coins you are holding? Some coins have strong fundamental and usage and hence will recover faster than those who are more or less testing coins.
Indeed. But I do believe that there is always relation between all the coins including BTC with the global market movement. So it can happen that if BTC itself starts recovering then there might be + movement in the altcoins too. Basically all the crypto's are login through a lot now a days and unless and until they dont come on same page in terms of good fundamental news, push from the whales then there is no hope yet. But once for all this will reset back to the normal and we will see great deal of market recovery. I am confident about that. |
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Believe me none of them yet.
The current market is being manipulated with the news, SEC's decisions, ETF stuff and whales playing around. There is lot more to face before we can even launch our rocket into the space mate.
Yes one thing is sure that one day crypto currencies will be reaching moon and Saturn back again but when is the big question and no one is answerable to that yet.
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I'm not familiar to the world of trading (even the traditional ones). Can someone explain how a crypto exchange (like Binance or Kraken) benefits a cryptocurrency?
Thats a good question. Exchangers are actually playing big role in the coin evolution because that is the only platform which connects the investors and projects by bridging them. I think this way people benefit from trading the coin and profiting themselves while on the other hand crypto currency gets invested heavily and they ultimately raise the funds for project development. So its like the portal from where crypto currency can gain the value for themselves. Apart from this people do come to know which coin exists in the market and which is great from all of them, by means of volume, orders, value etc. |
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Many times the slops could be great way of investing our money. I think money making is simple combination of your efforts and knowledge and how you blend both of them. It wont matter if the market is dropping if you are smart enough to play the game. Many people will choose to stay away form the market whenever it is dumping itself while only few of them will get in and buy more coins. Now these are the people who are real investors and I think they will get huge profits once the market start rebounding itself. |
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I don't believe in news at all. Remember one important thing that, bitcoin is in news because it is the hottest topic in the world currently and people always look for its news. This increases the TRP of news channels and thus it becomes the sensational news of the channel. This way they get benefited.
I dont know what people think about this but I am 100% sure that news channels has intentions like this only. They have theories of bitcoin going down without any proof, no backing data etc. Its better to stay away from them.
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Do not diversify too fast is something new that I am reading here and I agree upon that. This is because of the altcoins that are coming to the market are wide range and can be more or less good than what we have currently in our portfolio. It is always good to have coins which are more active, with greater volume and also with working products. Many times we invest heavily in the coins which are not having all these qualities and later in the time if new coin generated is having such quality then it might get difficult to spare our money from the previously invested coins and then re-inevst it. So yeah I believe that diversification should be done with at most care.
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#Proof of Authentication Post
Twitter : @bitcoindev1
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This is not really only about bitcoin because these are the ways of deceiving people for scams. These are multiple ways which can be used for scamming anything from altcoins to bitcoin and even fiat purchases made. This can be titled as ways to get scammed in crypto currencies. Its good tutorial anyway, and in all of them phishing has gotten a lot of roots in the deep crypto. They are everywhere via different sites, offerings, email links and basically every stuff that we click on! |
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I am not sure whether we should be giving more importance to the stock market or crypto because it all depends over the personal instincts and not what market says. Because you can work in your own ways and create different strategies to win the market.
Crypto currency is best because its volatility is best quality for giving us opportunity to buy at right time and sell at right time.
Stock on the other hand is not that volatile and could take up months and years to give us even 10-15% of profits. So imagine which one is good.
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So from your story I believe that we should learn how people resist the changes in the economy. Well there is even more to learn about these history lessons and thats we should not be repeating those mistakes which they did in the past. We should be more liberate enough to change these things and accept what is coming next. Crypto currencies can be life changing for us, surroundings, government and public services and much more and I guess this can be the evolution of finance otherwise it wont be. It will be just another history lesson for the future people if wont liberate ourselves.  |
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