jeraldskie11
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September 05, 2023, 10:19:06 PM |
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<snip>
In other words, that is what we called fundamental analysis. I have heard a person saying that he is profitable in trading using only fundamentals. Meaning all their trades are depending on the news, not by analysing the market prices. And I also believe it because news are very effective instrument to be used in trading because it can really affect the value of an asset. That's why it's best to use both technical and fundamental analysis in trading because it increase the probability of winning the trades.
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jossiel
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September 05, 2023, 11:47:36 PM |
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Bitcoin is totally unpredictable and uncontrollable.
Anyone who is giving a speculation about what price can it be in the nearest future are all mere speculators and it's all about randomness whether they'll be right or not.
And for the news out there, we've got multiple source and since everyone has got access to the internet. It's very easy to do that with a few search away about 'crypto news' to make yourself updated of the current news and trends of the market.
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goinmerry
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September 05, 2023, 11:58:25 PM |
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There are lots of sources nowadays about/teaching how to deal with market trading and determining trading signals.
Might be in the form of an article, on websites, personal blogs, social media platforms, messaging groups, or a video, etc. I'm not against it as long as there's no subscription needed and no such thing as paying for a premium subscription just to get a so-called premium signal. If that source is effective for everyone, they can take it as a reference if they want on their future trading decision.
But to minimize what's best, it's good to only rely to follow on a certain trading analyst with good and complete details of their stated analysis and not just say "bitcoin will reach $$$ tomorrow" or "Buy this #### at $$$$" etc. A detailed and professional analysis is more interesting to follow on these traders when giving an analysis to everyone.
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rozak
Sr. Member
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September 06, 2023, 02:05:12 AM |
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If you go to the YouTube and look for crypto zombie And follow them to get current news and treading Articles and online webinar about bitcoin. This page usually talks about bitcoin every single day and they also direct you to see what is going on and other YouTube pages that is related to what they do too.
To be honest, I don't really like following news like that which usually tends to affect the investment plans I make. everyone who invests is confident in their predictions for the future. and of course they are aware that the investments they consciously make in Bitcoin can make them profit and also lose. We all place money with an understanding of the risks. By the way, you haven't been active for a long time and then you're active to talk about a Yotube channel. Are you also part of that channel? you promote it here?
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Litzki1990
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September 06, 2023, 05:28:27 AM |
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Those who are big investors and who have a lot of knowledge about the market can analyze the market and understand what the next movement of the market could be. Maybe no analyst can say with 100% sure that the market will go in a certain direction, they can only guess which direction the market is more likely to go by using their own ideas. In many cases, their estimates match.
It is difficult for a professional trader to accept trading because he has to analyze the market a lot and then accept trading, but it is very easy for those who have no minimum knowledge about trading because they trade without any kind of market analysis.
Those who trade with an idea about the market are more likely to gain from the market but those who trade without any idea are more likely to lose their money. So we must take time with adequate understanding of the market and then start trading.
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Altryist
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September 06, 2023, 08:19:34 AM |
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In other words, that is what we called fundamental analysis. I have heard a person saying that he is profitable in trading using only fundamentals. Meaning all their trades are depending on the news, not by analysing the market prices. And I also believe it because news are very effective instrument to be used in trading because it can really affect the value of an asset. That's why it's best to use both technical and fundamental analysis in trading because it increase the probability of winning the trades.
An integrated approach will not be superfluous, you cannot ignore the news, even if a trader trades only based on technical analysis, then the news can in some cases confirm the correctness of the transaction. This can be used as an auxiliary element in the analysis, especially since the cryptocurrency market reacts very well to news. Of course, it all depends on the strategy, but it will not be superfluous.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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Hamza2424
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🇵🇰 Pakistan
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September 08, 2023, 08:54:33 PM |
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It's good to have a such source where you can get updates for 2 hours as it really helps to understand the sentiment from the 1st view but on the same being dependent on that source can really affect your decision-making if you really want to survive in the market need to be care full with the sentimental analysis beating updated. Better find your mentor by yourself who suits you better because it's not the MAths class where the same teacher can teach everyone. Secondly I really .... Wasn't expecting the SR member to be sharing such signal source posts, Whatever people do there's always a back story. To be Noted for those who lose in the market If we just start treating all of them equally it would be a mistake on our end, if someone lost his/her funds in trading there could be a lot of reasons, maybe he/she didn't even know about trading, a weird reason can be maybe someone places a wrong limit order as well you know the game is based on perspective ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) .
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Aanuoluwatofunmi
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September 08, 2023, 09:05:52 PM |
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Generally I’m just trying to tell you to understand that you have to get a particular place that you can hear the current news on the bitcoin market, because to my little knowledge that is what effect bitcoin either positive or negative. Don't appear too proactive about news because it's not the major cause to market price to rise or fall, news are just to give us updates on what transpires within the ecosystem of cryptocurrency, then we work on them in relation to the economy and financial activities to know how they may or may not affect the market demand and supply, while in trading, we mostly listen to news in other to get us latest updates on activities happening in cryptocurrency and world at large.
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Bitcoin_people
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September 09, 2023, 02:53:57 AM |
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I think one should never take advice from other sources to make such decisions. But if you are well knowledgable and experienced about bitcoin trading then you can advise everyone better. Just like you have taken advice from all other social media, you have to be careful as they give you wrong advice. And by following wrong advice, a new trader is definitely at risk of losing his money, so don't take such wrong advice. So first of all you need to know good strategies and gain experience from them so that you can use your money to create a good fund. Anyway if you can research well about trading then surely you can make profit but one thing should always be kept in mind never take high risk. Always research good strategy never trade in altcoins or shitcoins as there is fear of losing money. If you want to trade Bitcoin, it is possible to be successful if you acquire good skills and then trade later.
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| | . Duelbits | │ | | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | ██████████████████████████████████████████████████████ . PLAY NOW . ██████████████████████████████████████████████████████ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | |
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Latviand
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September 09, 2023, 05:44:34 AM |
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I think one should never take advice from other sources to make such decisions. But if you are well knowledgable and experienced about bitcoin trading then you can advise everyone better. Just like you have taken advice from all other social media, you have to be careful as they give you wrong advice. And by following wrong advice, a new trader is definitely at risk of losing his money, so don't take such wrong advice.
Not take is a big word, the right words would be to consider since that means that you're hearing what they're talking about but doesn't mean that you completely and blindly follow them. Depends on the advice though, I don't know if you've watched the movie Into the Spider-verse but there's a dialogue in that movie where the MC(Miles Morales) is asking the Other Dimension Peter Parker about how to use his powers but all he did was advice him about making sure wearing the suit and it's maintenance is convenient for him based on experience, my point here is that there are good advices out there and it's not a good thing to just don't listen to all of them even if they are pretty reasonable.
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Fivestar4everMVP
Legendary
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Leading Crypto Sports Betting & Casino Platform
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September 09, 2023, 08:17:32 AM |
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I've read some comment from users saying that Bitcoin is completely unpredictable and if I must be frank, then this I completely agree with, Bitcoin and cryptocurrencies in general are totally unpredictable, and even though news and updates do affect the price of Bitcoin positively or negatively, it is still hard to predict when the good news or bad news will be released, it can only be a bit easier for those who have nothing else doing but spend the better part of their 24 hours online..
This is also why trading is also a bit of a hassle, all this to me just requires luck and patients, for even with all the chart reading and market analysis, it is still most time very difficult even for the professionals to correctly predict the direction the market is heading ..
So what is the solution?
For me, the solution is to just buy when the price is down, and wait for it to climb, then sell and take your profit .
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fullhdpixel
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September 10, 2023, 04:51:55 PM |
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Following channels to get the latest crypto news of important for your own speculation of the market. Following channels for trading isn't a good practice because the information might be wrong and will lead you to loss. It is better that you come up with your own strategy if you are a trader. The forum is also a good place to gather information daily,but you should also DYOR,so that you will improve yourself in trading. But if you depend on channels to tell you what yo do,it means that you wouldn't learn. So I would advice you to invest in a long term and hodli,without bothering about the price of bitcoin.
If what we only want is crypto news, I think a better source would be the crypto news sites but we should also pick the ones that are on top so that we can be sure that the information they provide are true. Crypto channels must only be for getting signals which might be helpful for a trader. But again, you need to be very picky because many for them are miss leading and scam. As you said, it is still better to stand on our own. Not just we can completely avoid being deceived, we can also be proud of our selves once we are already doing well in. Other than the crypto news site and crypto channel, your are right that our forum is also a good site to get info. It can be an all in one solution because different topics about crypto can be discussed here.
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Negotiation
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September 10, 2023, 05:41:54 PM |
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In fact if you can only succeed in trading using signals then it will be a wrong decision and nothing else, in my opinion if you can't recharge the market properly then it's better not to depend on signals and your money will be lost. will be saved from it. If you save your money, you can use it later.
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usekevin
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September 10, 2023, 10:47:50 PM |
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The bitcoin is the cryptocurrency which define the price movement of other coins.So if you inverse in the bitcoin or altcoin,you need the signal for the bitcoin.Only few signals in the market are trusted one.I don’t want to mention those signals too.My recommendation will be create your own signals based on the market.Use the previous chart history of the bitcoin,using that build your own signal for the price movement.Now the market nearing the bitcoin halves,so need to worry on the dump in the price of bitcoin till the year end.
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Dzwaafu11
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September 11, 2023, 02:26:28 AM |
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Generally I’m just trying to tell you to understand that you have to get a particular place that you can hear the current news on the bitcoin market, because to my little knowledge that is what effect bitcoin either positive or negative.
Having a place, particularly a source of information, is not bad, but relying on it is the worst part. As you said, but these social media things, not all of them are reliable sources, and that's why one must DYOR. It will be the most important and effective way to adapt to bitcoin other than listening to the news. As you will get what you want at that time. My reason is that these people are not showing the other side of bitcoin that a beginner who wants to enter the crypto space needs to be aware of, and those looking for how trading fluctuates or something similar shouldn’t follow social media because they don’t show their losses but only what they have gained, which is not supposed to be like that. If you want someone to know about something, you need to tell him or her the positive side and the negative side for him to know where he is about to go so that when he reaches there, he will know what to do, and that's what will prevent such a person from focusing on the negative side of it.
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Learn Bitcoin
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September 11, 2023, 02:42:15 AM |
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Generally I’m just trying to tell you to understand that you have to get a particular place that you can hear the current news on the bitcoin market, because to my little knowledge that is what effect bitcoin either positive or negative. News is one of the reasons the market may get affected, but this is not the only reason the market is concerned. Indeed, Bitcoin price goes down when a major country bans Bitcoin for some reason. It increases the fear, and people start panic selling, which causes a downward trend. Similarly, when a large company announces that they will accept Bitcoin as a payment method, people buy it with the hope that it will increase in Price. But the the,ing is I do not trust any kind of signals. Those things are just predictions, and we never know if those signals will be accurate. If you lose money for your mistake, the pain will be less. But if you lose money because of other peoples mistake, it hurts most.
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jessica.roy
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September 11, 2023, 04:54:56 AM |
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Many individuals mindlessly followed "capofcrypto" on Telegram, engaged in a Bitcoin shorting strategy, and experienced significant losses during the recent price surge. Therefore, it's crucial to emphasize the importance of educating oneself before blindly following anyone's financial advice.
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freedomgo
Legendary
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Activity: 3206
Merit: 1152
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September 11, 2023, 08:50:03 AM |
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I’m not against about following some trading signals since it’s actually a trader’s choice. However, knowing the fact that this trading market is always unpredictable due to its high volatility, then we can’t expect some trading signals to be always reliable and will certainly make our trades profitable in the end. At some point it works but most of the time, trading signals are not accurate and are not effective when trading. So if I were you, instead of listening some crypto influencers that gives trading signals, I would utilize that time to study on my own and help improve myself about trading and learn all its technicalities that are somehow very crucial to trading. Trade on your own and learn from your own mistakes and losses.
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justdimin
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September 11, 2023, 06:14:11 PM |
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I’m not against about following some trading signals since it’s actually a trader’s choice. However, knowing the fact that this trading market is always unpredictable due to its high volatility, then we can’t expect some trading signals to be always reliable and will certainly make our trades profitable in the end. At some point it works but most of the time, trading signals are not accurate and are not effective when trading. So if I were you, instead of listening some crypto influencers that gives trading signals, I would utilize that time to study on my own and help improve myself about trading and learn all its technicalities that are somehow very crucial to trading. Trade on your own and learn from your own mistakes and losses.
Yeah true, but people have a need to cling to something. If you are not going to trade based on TA, or FA, or signals or whatever, even copy trading someone else, then how are you going to trade. You need a reason to think that it will go up so you should buy, why would you think that it will go up, no reason at all? That doesn't sound reasonable. I think it should be important to make sure that it could go on about like that and should be considered something good. I believe that it is going to be at least a reason to do and some people pick that reason in the form of signals from someone or somewhere. I can't really argue with them, I wouldn't do it myself but I do understand the logic behind it as well at least.
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GeorgeJohn
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September 12, 2023, 08:58:49 PM |
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In the case, its very obvious that bitcoin the market is unpredictable the way I do see the market of cryptocurrency and secondly when looking at the market its obvious even some people who distribute signals do not give a real account of benefit or profits they make with their signals, its better for we to learn and comprehend the primary things concerning trading and signals concerning what will be next thing to happen in the market, so I believe that with the look of things trading doesn't not been depends on signals of another person, if you want to succeed in trading try devote out time to learn and understand the basic needs of trading.
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