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Other / Politics & Society / Re: USA Circus just funny
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on: January 11, 2021, 05:25:14 PM
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If there would be riots vol 2 I definately will get some popcorn and will enjoy the show  Nice to look those fools lol That is mean If US goes down then whole world goes down including the country where you live. |
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Economy / Trading Discussion / Re: How do you day trade with bitcoin these days while it is full of stress?
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on: January 10, 2021, 03:39:43 PM
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I don't know why most people enjoy the heavy rise of bitcoin while it is only good for long term holders. How long do they want to hold? Forever? They have to sell at some point and exit the market. For day traders like me, expensive bitcoin is not attractive at all because it not only reduces my profit, it also increases my stress.
I have to buy at $40.000 and sell at $40.200 to gain daily profit (This is an example). This is much less profitable than when I used to buy at $8000 and sell at $8200 the same day. Apart from this, whenever I buy at $40.000, I am worried about a big crash right around the corner because the prices are too high now.
How do you cope with this situation as a day trader? Do you dare to buy $40K bitcoin for short term trading?
Whether its 8k or 40k, should not make any difference to traders. You need to increase or decrease your position size. If are stressed trade small. You have that flexibility as it is divided into Satoshis. In fact its more volatile, more swings up and down, giving more opportunities to trade and profit. |
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5
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Economy / Trading Discussion / Re: Does Trading have an advantage over investing??
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on: January 10, 2021, 02:51:46 AM
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Learning how to trade takes a real long time, energy and lots of losses.
I would say Investing is the way to go if you are new to trading.
Even though the BTC, ETH and other altcoins have exploded in price, there are many more gems out there in which you can put your risk money.
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6
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Economy / Trading Discussion / Re: How to trade after all time high
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on: January 10, 2021, 02:28:23 AM
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Can anyone please suggest that, how should we trade when Bitcoin or any token is above it's all time high.
At that time we don't have any charts,so we should trade with the help of indicator only.....
I would always wait for a pull back. Bounces from the pullbacks have been very swift and fast. That is the only way I would enter. |
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP is DEAD?! Ripple XRP DUMPING?! Buy the dip? Price Prediction!
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on: January 07, 2021, 09:56:28 PM
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As explained in the video, Ethereum was a much more lucrative AND safer play -- as proven by today's price point of over $1,000 per coin  Only lucrative to those whales who happens to hold a sizeable sum of eth, that can not be compared to an individual who for instance can only afford to buy 1 eth probably at the cost of $500 and now that the price of eth has pump up to $1000, waw! $500 profit... not bad, what about those who bought above that price! how lucrative is that, my point is most good project can be consider lucrative depending on the time you get in and the amount you hold. The world of investments is a world in which timing is everything, you can always find a point in time in which it was optimal to buy a coin and then and optimal point to sell it, but it does not really work like that as it is impossible for a person to predict things like that, this is why even if technical analysis is useful you need to also use fundamental analysis and if you used fundamental analysis you would have realized that despite XRP being the third coin in terms of market cap it was a terrible coin to invest in. why do you think it was a terrible coin to invest in? yeah please tell us Why |
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15
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Economy / Trading Discussion / Re: Indicator for good daily trading performance?
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on: January 07, 2021, 07:56:18 PM
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Hello guys, I'm quite a beginner in crypto and I have about one week of trading. I find trading quite easy, I managed to learn from my mistakes and observed different market patterns. My current performance (average) of daily profit is around 1-2% and I have no clue how far I'm from those who are expert traders I created a poll if you don't want to share your experience, in case you suggest new options, please let me know. I have also a strange feeling that these earnings are done too easy comparing with other offline jobs and I don't see it quite fair  I am not an expert trader and neither I trade cryptos yet but I think 1-2 % is excellent profit. If you can make 1% on a consistent basis and increase your position size as you go, you will be super rich . If you don't mind me asking, what broker do you use for trading cryptos? |
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Alternate cryptocurrencies / Altcoin Discussion / Re: XRP Price After Lawsuit?
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on: January 07, 2021, 06:01:03 PM
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Ripple is not just a crypto currency.
Ripple is designed for speed and lowest fees. It is eventually going to replace SWIFT - International Bank Wire transfer which is very slow and charges very high fees. Banks have been testing Ripple's xRapid and are successful in sending funds at high speeds with fraction of the cost. Ripple made a substantial investment in Moneygram. Ripple could become new standard for cross border payments. Ripple has active partnerships with more than 40 banks and some of them major. More than 50 banks are testing Ripple.
So long term prospects for Ripple are very good. With this SEC lawsuit out of the way whenever that is, it could skyrocket.
So Ripple is not dead.
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Bitcoin / Bitcoin Discussion / Re: TIME TO END MANIPULATION
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on: March 17, 2018, 10:41:24 PM
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These bans are having a real bad effect on the crypto ecosystem. We should act and do something.
Someone start a project on creating decentralized net or something. Also, some ad services that are crypto friendly and stuff.
We need hardware for infrastructure to beat Google for crypto's sake. Anyone got an idea?
Markets go up and down. They go in to mania phase and eventually they fall. That is the nature of all the markets. Manipulation happens in every market whether its stocks or commodities or something else but they can be manipulated only upto certain extent. IMHO we don't need to do anything. Trade, invest and make money. It will resolve itself and go much higher in the near future. |
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Bitcoin / Bitcoin Discussion / Re: I Love To See People Panic Selling Of Bitcoin
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on: March 17, 2018, 10:34:57 PM
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I love it too. Its a buying opportunity for me. General crowd started going crazy for Bitcoin when it was at the top i.e. when it was close to 20k. They started selling when it went below 10k. That is how regular people loose money. This bear market will be over in next few months and again there will a mania phase which will take cryptos to all time highs again.
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Will Kill The Income Tax
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on: March 16, 2018, 12:37:10 PM
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That is the reason Governments, people in power etc are scared of crypto currencies. Cryptos are unstoppable, they might be able to slow it down in the short term but long term cyptos will take over.
Governments will still be able to tax people with sales tax, property tax, registration fees, tolls, this fee, that fee etc etc. So I don't think there is a threat to survival of governments. They will find a way to tax their citizens.
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