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Author Topic: your favorite site to stay tuned?  (Read 84 times)
Dragoone
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June 11, 2018, 12:04:54 PM
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guys i already checked a lot of places and sites for trends, signals, news etc but I still miss the big picture, which site do you recommend / prefer?

thanks in advance
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June 11, 2018, 12:20:44 PM
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 #2

I tend to trust charts over anything else.. Websites and sources of information (including news and especially signals) can be manipulated, and I find charts don't really lie.  Its okay if you disagree, but I'm gonna give my outside of the box answer.  

Going to go a bit on a tangent here but charts, in my opinion, measure human sentiment and reaction to price action.  For example I know most people think price action is caused by the news but most people "look for news" after seeing the price jump or drop.  This to me is illogical.  This would be like in philosophy if you formed a conclusion first then attached premises to support that argument instead of using premises to form a conclusion.  People hate the idea of chaos which is why price has to be justified for a reason.. other than it simply just dropped or went up.  So back to the human sentiment thing being a catalyst that is measured in charts.. when a price goes up or down, the story a chart tells you is what percentage of people did what with that information.. if something is dropping for example.. certain percentages of whales will dump, smart money will follow, certain people after them will take profits, late reactors will split into two groups.. one will sell at break even.. one will decide to close the chart and do something else out of frustration.. others will panic sell.. others will refuse.  A major support area will be broken and people will enter into full capitulation and accumulation will begin.   Looking for what phase people are in by learning to read charts and what percentages of people are left can really help you get closer to the bottom on buys, and react quickly enough and not fomo when looking to lock in profits.  News and announcements and telegram chats and your friends rejoicing or complaining is all emotional, and really hides you from seeing the underlying truth that is right there without any of the noise.  Even if you use all of the other things you're talking about, really study charts and see if you can predict what people will do, who are the ones doing what and where, and how can you not follow the same patterns they are to start trading more successfully.

One other thing about signals... I wrote a write-up signal groups and why you should ignore all of them that I'll quote here, the "bigger picture" is these people are using you.. even if you win, also has a few useful links that I found useful when starting out.

I'm brand new to this and excited to get started but also don't know where to begin. I've been looking into services that offer education as well as give you alerts on specific trades they see as potentially profitable. Anyone have any suggestions on a reputable, affordable service? I've been looking specifically at Crypto Investing Insider. The reviews I've seen have been good. Can anybody give me some direction, it would be much appreciated. Thanks! Smiley

The problem with any sort of paid service or even free ones when it comes to following trades, is the information is gonna be heavily biased towards the person offering it to you over helping you.. here are some examples.

1) Could be selling a class for crypto noobies... the class offers overly generic information that could be found anywhere for free but could be useful information for someone who is just starting out.
2) The information could be offering one way to trade, but that strategy might not be appropriate for your portfolio size or risk level.  You definitely would trade differently with 1 million dollars compared to 1 thousand.
3) Signal groups for trades can be a self-fulfilling prophecy but you never really know the person offering the information is being legit.  They may know some sort of news.. but they could just as easily be trying to pump the price because they are bag holding.  Since everyone makes mistakes and no ones perfect, they could just write this off as a mistake later with really no harm coming from shilling you their bags.
4) The information is somewhat useful but leaves out important info that is necessary for applying it.  You may get information on arbitrage for example but if you're only intent on working with one exchange, this information no matter how useful won't apply for you.

So here's a couple I suggest, they don't talk anything about specific trades.  

https://www.youtube.com/channel/UCvQ12D5GqyW1qtM0a3Qpwcw  - this guy's training videos are very basic, but some useful information on how to setup charts correctly (color, gridlines, basic trend lines, fibonacci extensions, etc)
https://www.babypips.com/ - this site is super useful for learning about candle patterns on charts
https://www.youtube.com/channel/UCbcxHiowf0TSNKn3xVpGTiQ - I don't really use this guy's method, but the way he relates to support/resistance can be incredibly useful for beginners.  Sometimes information you don't use can open your mind to a different way of thinking.

The absolute most important thing in trading is buying low and selling high.  It sounds so crazy but almost no one follows this.  You have to buy when things are red and you have to let go of them when things are green, without worry of missing out or fear of it going to zero.  How you go about your entries and exits you can work on through technical analysis and understanding all the cause and effect things in the market (like how btc price affects altcoins in every possible scenario), but if you aren't willing to buy low and sell high, you will never make it in this game, emotion has to stay out of it.  Emotional people who follow others will get rekt by whales in this market and scared to death by noobs who panic sell and want others to follow them.  Learn the right principles of trading and start slow, if you
don't have much money, just paper trade all day long.  When I first started I was scared to death, so I started doing 100 paper trades a day and until I was breaking over 50% I didn't invest any real money.  Not trying to scare you I just want to make sure you are getting the right information quickly enough (because people just starting out are willing to accept advice more than those who have done it a long time, you just aren't as defensive of criticism) for it to make the largest amount of difference.


Good luck.

Dragoone
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June 12, 2018, 06:20:17 AM
 #3

first of all, thanks a lot for your great help! very good information and a bunch of new questions in my head Wink I will study your links, is there a crypto you recommend for beginners? I read a lot you should choose one with a lot of up and down moving like tether, or is there a better one?

Paper trading means with a demo account?

once more - thanks a lot!
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June 12, 2018, 03:49:16 PM
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Yes, "good" day-trading coins are ones with high liquidity, range and volatility--basically, any coin that has a history of having made big jumps in a short amount of time (you can also see why this is dangerous). Some popular ones are neo, eos, ltc. Do some research on your own, however, choosing coins is subjective.

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June 12, 2018, 04:02:08 PM
 #5

There are multiple sites which you could use for a variety of purposes. For instance, my favourite site for news is cointelegraph. I keep reading the artciles on it. You can get to know everything that's happening around the world in the crypto market. For reading the charts I find Trading view as the best site.
It also provides many types of tools which you can use for analysis. You would be knowing coinmarketcap which can be used to find the price differences of a particular coin between different exchanges.

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June 12, 2018, 06:17:24 PM
 #6

guys i already checked a lot of places and sites for trends, signals, news etc but I still miss the big picture, which site do you recommend / prefer?

thanks in advance

What big picture you are referring to?

If it's all about website, honestly all your visited is enough as most of them are useful and can be your reference as a starter. Im sure most of them are informative so just keep reading those. 

But honestly, just a basic knowledge enough and you don't need to read all of them. As soon as you progress you will automatically learned what things need to be learned.

..is there a crypto you recommend for beginners? I read a lot you should choose one with a lot of up and down moving like tether, or is there a better one?

As far as the general answer is concerned, the mostly answer you will get in terms of long term holding is Bitcoin and ETH that's why it good for beginners since you are in the stage of learning.

Now if you want to step up into advanced learning, you really need to trade another coin on actual for you to see which coins will be part of your trading portfolio. You might experienced loss on the way but it's normal as part of your building process.


Dragoone
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June 14, 2018, 07:32:00 AM
 #7

There are multiple sites which you could use for a variety of purposes. For instance, my favourite site for news is cointelegraph. I keep reading the artciles on it. You can get to know everything that's happening around the world in the crypto market. For reading the charts I find Trading view as the best site.
It also provides many types of tools which you can use for analysis. You would be knowing coinmarketcap which can be used to find the price differences of a particular coin between different exchanges.

thanks a lot buddy, really appreciated! the sites were new to me, I will take time and check them carefully!
Dragoone
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June 14, 2018, 07:35:44 AM
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Yes, "good" day-trading coins are ones with high liquidity, range and volatility--basically, any coin that has a history of having made big jumps in a short amount of time (you can also see why this is dangerous). Some popular ones are neo, eos, ltc. Do some research on your own, however, choosing coins is subjective.

nice coins I already own, I will try my luck - how much gain in % is a realistic outlook in your opinion? I often read beginners are too greedy!
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June 14, 2018, 07:47:25 AM
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In this bearish market many holding cryptocurrency are bailing out squeamish due to crypto markets fallen prices Good time to buy at this current drop? Hedging might also be a good move or consolidating into a strong progressive asset backed project.
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June 14, 2018, 08:43:25 AM
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thanks a lot buddy, really appreciated! the sites were new to me, I will take time and check them carefully!
You might also want to take some of your time to check speculation, bitcoin discussion, and speculation(altcoins) section. By looking at those sections, you can analyze the real human sentiment and will solidify your decisions after reading charts(because post speculating about bitcoin and other alts will tell the current sentiment people got with the market) just remember to do the opposite of what you are seeing. If you are seeing a positive sentiment on a market that has gained, then sell off especially if the positive human sentiment level is high and vice versa.
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June 15, 2018, 09:56:20 AM
 #11

In this online market, there are too many sites and I work some site but I like Yobit because this is a very perfect site for me. If you don’t use yobit you can check this site it is very instant sell and low transaction, very easy to use so I like this site and too many people like this site. You can withdraw any amount and you can withdraw fiat dollar.

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June 16, 2018, 12:13:34 PM
 #12

There are lots of good sites to be up to date on what’s happening in crypto. But I don’t rely on them 100% for every actions I take. I mainly use charts cause they are more helpful than all these news media sites and the rest of them. News can be manipulated, there can be fake news just to deceive people and make them take the wrong actions.

A news site I have known to be more reliable than others is cointelegraph. Other ones I do use includes Coindesk and cryptocoinsnews. Always get your facts right, don’t rely only on one of them, cause there are lots of them.

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June 16, 2018, 04:26:14 PM
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I liek cointelegraph to check the news, also i have suscribed on some guys related to crypto on facebook, also, i use different ways like youtube n twitter, and most of info i have here on bittalk.

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June 16, 2018, 04:51:11 PM
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I don't use any site but twitter a lot. Coindesk is legit (some professional academic researchers said). Also turtlebtc for big picture prob can help
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August 11, 2018, 01:45:23 PM
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for the problem of normal trading signals I see on the free telegram channel.
but all of them need to be filtered for selection, because telegram channels are also just a prediction.
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August 11, 2018, 01:58:09 PM
 #16

guys i already checked a lot of places and sites for trends, signals, news etc but I still miss the big picture, which site do you recommend / prefer?

thanks in advance
I love coinmarketcap most of all. It has all the main coins listed and you can see general charts as well as current prices on different exchanges. There are lots of ways to sort coins on this website, which is helpful to get the general idea about the market. For example, apart from the list based on market capitalization, it is really useful to take a look at 24h biggest losers and winners. Bitcoin's dominance in the top of the page is helpful to get the general idea about the dependence of alts. It's also amazing to explore historical snapshots since 2013 to see how the market was evolving and which investments kept turning out to be successful.

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August 11, 2018, 03:59:34 PM
 #17

guys i already checked a lot of places and sites for trends, signals, news etc but I still miss the big picture, which site do you recommend / prefer?

thanks in advance
which is my favorite site for news that is cointelegraph. with this site you can find out all the news about the crypto market besides that I also like coinmarketcap here all the major coins are listed and you can see the current prices on different exchanges. in my opinion on this site you can get a general picture of the market.

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