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Author Topic: what did the author mean?  (Read 200 times)
agentF
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August 02, 2020, 12:07:26 PM
 #1

Im referring to this tweet:

https://twitter.com/qwqiao/status/1289631610137018369?s=12

I quote: "Seriously tho the best way to trade shitcoins in a bull market is trend following. Draw a bunch of MAs and buy if price > MA. If you can code do this for 100 shitcoins at once. Sit back and watch your BTC double. This tweet will get 5 likes but it's the biggest alpha I've leaked."


Could anyone explain in a simple word, what did he mean?
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August 02, 2020, 12:29:02 PM
 #2

MA is abbreviation of Moving Average which is used in technical analysis, and the author only gave his opinion on how to trade using that indicator. Since I'm not a crypto trader, and obviously neither are you - it might be best to read the following article. I think some things might be a little clearer to you, but don't expect to be able to get rich just by trading in shitcoins - there are more who lose everything they have than those who can say for themselves that they are successful at it.

https://www.investopedia.com/articles/technical/052201.asp

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August 02, 2020, 12:56:05 PM
 #3

MA is abbreviation of Moving Average which is used in technical analysis, and the author only gave his opinion on how to trade using that indicator. Since I'm not a crypto trader, and obviously neither are you - it might be best to read the following article. I think some things might be a little clearer to you, but don't expect to be able to get rich just by trading in shitcoins - there are more who lose everything they have than those who can say for themselves that they are successful at it.

https://www.investopedia.com/articles/technical/052201.asp

Actually i dont even try trading, just wanted to know what did he mean.

Thank you for your explanation.
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August 02, 2020, 02:03:02 PM
 #4

The idea is good but I don't think it would still work on trading shitcoins. The author obviously refer to the trend in the last bull run where shitcoins also rise together with the legit coins, but this time, people are more matured, so we will not likely see the same scenario.

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August 02, 2020, 02:28:17 PM
 #5

Could anyone explain in a simple word, what did he mean?
If you have 1 btc then you buy 100 shitcoins > shitcoins has rised in value > your 1 btc may double or it may triple depending on what price you buy those shitcoin. Worst if most of those shitcoins dropped value we will have another thread here that crypto is scam.

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August 02, 2020, 02:40:01 PM
 #6

Moving average is called as MA for short and the author is considering a MA and is telling us to trade 100 shitcoins at once according to the MA.
He is assuming that some of those shitcoins will get us the profit and double our investment.

Well this might happen some times but it might also turn our whole investment into a loss if those shitcoins don't increase in price.
I generally don't invest in shitcoins at all since there are so many potential coins out there to invest in.

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August 02, 2020, 02:45:35 PM
 #7

Im referring to this tweet:

https://twitter.com/qwqiao/status/1289631610137018369?s=12

I quote: "Seriously tho the best way to trade shitcoins in a bull market is trend following. Draw a bunch of MAs and buy if price > MA. If you can code do this for 100 shitcoins at once. Sit back and watch your BTC double. This tweet will get 5 likes but it's the biggest alpha I've leaked."


Could anyone explain in a simple word, what did he mean?

Just as Lucius said,if you don't know what that means, just stay away from this kind of advice.

There is nothing like "just watch your btc double". The risk is enormous, you will most likely just lose your btc by doing so. Or do you think every is an idiot by just holding btc? People don't do that because the odds are mostly against you (simple because most of those altcoins aren't worth anything, and most of their price should be zero)

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August 02, 2020, 02:52:54 PM
Last edit: August 02, 2020, 03:04:09 PM by Bttzed03
 #8

~ I quote: "Seriously tho the best way to trade shitcoins in a bull market is trend following. ~
Could anyone explain in a simple word, what did he mean?
That's all you need there. In a bull market, almost any chart you see is on an upward trend and any twitter trend analyst will look like an trade expert because they can pick any altcoin, draw some lines using indicators like MA or whatever, post image on twitter, then wait. I've seen that happen a lot of times in 2017.

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August 02, 2020, 02:55:40 PM
 #9

I believe he's talking about hyping the coin to catch the cryptocurrencies world attention and many of them may fall for it. We could the rise in the value of dogecoin when Elon Musk made a post praising it and it worked for bringing up its price by which many of its holders have made a whole lots of profits lately.

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August 02, 2020, 03:29:39 PM
 #10

     Moving average is quite important when it comes to trading specially in this industry. But if you are planning to trade, this is a not so good idea if you ask me. It is better to not get involved in shitcoins since it obviously is what it's name is saying. Shitcoins can make your money disappear in a single moment. So if you plan to risk on these type of coins, better read a bit about those coins and observe. Choose a shitcoin that isn't that much of a shit(if you know what i mean). But even so, it doesn't guarantee much of a gain and much more tedious. I suggest that you go for good coins with good credibility. While it may not make you get 2x-10x profit, it is quite safer than those shitcoins.

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August 02, 2020, 03:30:37 PM
 #11

Actually i dont even try trading, just wanted to know what did he mean.

Thank you for your explanation.
Better not to try that strategy if you don't do trading. Stay yourself with the best coins that you can rather than diversifying too much like what was suggested by the author of that post. It is not an advisable strategy for people who are not dealt with trading.
You are prone to be rekt than to make with that strategy.

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August 02, 2020, 03:52:33 PM
 #12

I quote: "Seriously tho the best way to trade shitcoins in a bull market is trend following. Draw a bunch of MAs and buy if price > MA. If you can code do this for 100 shitcoins at once. Sit back and watch your BTC double. This tweet will get 5 likes but it's the biggest alpha I've leaked."

pump and dump is a form of manipulation and as any manipulation goes, they are hardly predictable because they are not natural market movements. of course there are always signs on the charts but i have never seen moving average work well in predicting a pump and dump.

think about it this way, if it were this simple to predict an unpredictable thing called pump then every newbie with a bot would have been super rich by now!

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August 02, 2020, 04:20:03 PM
 #13

I quote: "Seriously tho the best way to trade shitcoins in a bull market is trend following. Draw a bunch of MAs and buy if price > MA. If you can code do this for 100 shitcoins at once. Sit back and watch your BTC double. This tweet will get 5 likes but it's the biggest alpha I've leaked."

pump and dump is a form of manipulation and as any manipulation goes, they are hardly predictable because they are not natural market movements. of course there are always signs on the charts but i have never seen moving average work well in predicting a pump and dump.

think about it this way, if it were this simple to predict an unpredictable thing called pump then every newbie with a bot would have been super rich by now!
The man have much money will have great power on their hand and waste your time to analyze when pump and dump, check last happen on today when bitcoin higher price suddenly going down more than minus 20%, if you keep reading chart impossible to do it but whit some one have much money and sell his bitcoin assets could make bitcoin going down.

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serjent05
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August 02, 2020, 07:53:19 PM
 #14

The idea is good but I don't think it would still work on trading shitcoins. The author obviously refer to the trend in the last bull run where shitcoins also rise together with the legit coins, but this time, people are more matured, so we will not likely see the same scenario.

Aside from that, there is far greater risk in trading shitcoins.  Most of them have low to no volume.  A short term activity of pump and dump before going idle for very long time again, besides most of the trades of shitcoin is manipulated so, unless we know some insider, we will never guess the start and end of the said pump and dump activity.

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August 02, 2020, 08:04:35 PM
 #15

The idea is good but I don't think it would still work on trading shitcoins. The author obviously refer to the trend in the last bull run where shitcoins also rise together with the legit coins, but this time, people are more matured, so we will not likely see the same scenario.

Like what "shitcoins" did rise alongside with the BTC pump?

What I don't get is, how to draw/code a bunch of MA's if those shitcoins didn't establish a good volume, even a bit, after all.

Maybe it's for "low cap coins" or something called along those lines?

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August 02, 2020, 09:48:05 PM
 #16

Well, heard this so many times in my friend who had actively traded on the crypto trading business. But he said that this is only profitable in a short period of time. Just like a shit coin have a massive hype if you know they're doing this kind of manipulation, it is the time grab the opportunity. However, this MA is also can be used as an indicator of TA. But I consiered this trategy is very risky, I better prefer on bitcoin and top altcoins on CMC.

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August 02, 2020, 10:58:49 PM
 #17

The same could be done for Bitcoin in a bull market but nobody knows when it will end. There's always a bunch of smart guys who say "I told you so" right after it happens but not many able to predict it. Usually it's like this - buy a shitcoin with high hopes> watch it go up for a few days > watch it dump in 1 minute > Sell with no profit.
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August 02, 2020, 11:08:56 PM
 #18

The idea is good but I don't think it would still work on trading shitcoins. The author obviously refer to the trend in the last bull run where shitcoins also rise together with the legit coins, but this time, people are more matured, so we will not likely see the same scenario.

Like what "shitcoins" did rise alongside with the BTC pump?


Exactly, that's what we witnessed in the last bull run but I'm quite sure it's not likely to happen in the next.


What I don't get is, how to draw/code a bunch of MA's if those shitcoins didn't establish a good volume, even a bit, after all.

Maybe it's for "low cap coins" or something called along those lines?

Whales can make on their own, they can manipulate the price to invite traders then probably dump and get out when profit is made, but the question is, will it draw the attention of the traders when the market is bigger now and we have a lot of good coins to trade with legit volume. I think this experiment would fail if applied in the next bull run.

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August 02, 2020, 11:46:20 PM
 #19

I quote: "Seriously tho the best way to trade shitcoins in a bull market is trend following. Draw a bunch of MAs and buy if price > MA. If you can code do this for 100 shitcoins at once. Sit back and watch your BTC double. This tweet will get 5 likes but it's the biggest alpha I've leaked."


Could anyone explain in a simple word, what did he mean?
He mean that auomation of buying and selling crypto alts based on public interest data could be beneficial.
Saying this is one thing, building system that do that successfully is another story.
Simple to say, hard to do in other words Smiley
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August 02, 2020, 11:57:57 PM
 #20


I am not a good trader, but, is it serious this i sthe best way to trade shitcoins and double your BTC?
Well, is it too risky, isn't it?
Let's say that there are some people who think the same and buy the shitcoins using their big amount of BTC, the shitcoins may be up again. But, how long they will survive? Or they will only face the stagnant price after it? Or only a sudden increase and then......
If the shitcoins can increase significantly and also continuously, you may get some profits of it(not double of your BTC as soon as possible).
but, how if the price drops again till the bottom? You can lose your money from it. 
Of course, it is part of your risks. But, is it too risky to put your BTC into shitcoins and gamble for the shitcoins to double your BTC?
I think that you should think triple times to follow this.

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