Is this the start of the 2nd altcoin BULL MARKET?? This is crazy, i have seen people throwing around the "free money" term and that exactly what its becomming. Its too easy,, almost eerily easy
The bull market started in January bro, it's just most people are only catching on now (thats the whole "10 steps ahead thing")
theres gonna be alot of cash splashing around the place over the next few months
People who have been buying wisely are about to be on the receiving end of huge windfalls of profit
Remember what ryan says "behind every short term cycle is a long term cycle"
this bull market happens every year between january and september so theres many weeks of cold hard profit ahead
Yes indeed... The one peculiarity that makes the altcoin market so rewarding is the fact that every time BTC makes a movement, either up or down, a high profit opportunity is always opened up in the alt markets.
For instance - if BTC were to advance by 30% this week, you'd literally watch as people begin to pull their bitcoins from the altcoin exchanges in order to partake in the BTC advancement. As a result of this, volume in the altcoin market will have severely decreased, and an entire nest egg of high potential opportunities will be left exposed - in the form of severly "cheap coins."
But, as you said, being that 99% of the traders who participate in this market are unskilled - they fail to pick up on this as an opportunity... Instead, they will proclaim that the "altcoin market is dead," because as I have mentioned several times in the past, 99% of the participants of this market aren't traders - they're gamblers... and, even worse, they have been manipulated into perceiving the professional's 'sell signal' as a 'buy signal'... they also perceive the professionals 'buy signal' as a 'sell signal'...
So quite literally... 99% of people in this market have been trained to accept false buy signals as genuine buy signals, which is why they consistently fail
And also, this is why volume is instantaneously drawn away from altcoins 'while' bitcoin is advancing in price and not before...
It is the same thing that happens when bitcoin crashes and begins to decline in value... The traders who sat on the fence and missed out on the price advancement in the BTC/FIAT market instantly withdraw their holdings from whichever BTC exchange that they're registered with - only to deposit this lump sum directly into their bittrex wallet in order to make up for their losses by jumping into the 'hot altcoin(s)' of the moment...
It happens again and again... But, for the most skilled players in the market, this is almost like a never ending carousel of profit... because as long as this market is alive, this cycle will forever be intact.
When bitcoin rips, the altcoins dip... When bitcoin dips, the altcoins rip! That is the price cycle of crypto currencies in general... it's how money flows into one segment of the market and then into another which, again, symbolises the power of 'demand.'
Making money in the crypto market is such a basic endeavor that anyone is able to do it. Those who are consistently successful in this market are able to use this price cycle to their advantage, and many traders have made excessively large amounts of BTC by literally "following the money..."
So true and another thing is most people dont even want to learn how to trade, so they always find themselves going up against "the big boys" that DO know what they're doing and they get walked all over
Its sad OR beneficial depending on what your approach play is
I couldn't give a flying fuck if people learn how to trade or not
the more people who try to trade without sharpening their skills = the more money i make
If people want to get into the boxing ring with world champions and they haven't spent even one day in the gym, then they're gonna get slapped around the ring all day. They don't stand a chance in hell and they dont even fucking know it LAWL. Altcoins aren't a joke peoples lol, just because you can wake up and decide that your going to be a trader for the day, that doesn't mean that there aren't sharks who are waiting for you to step one foot into the water so that they can rip you apart
Bro I understand where you're coming from, but you have to stop and think about the little guy. We all started out not knowing shit so you have to have some compassion for the new guys who are just starting their journey
Making money is easy, keeping it is where the battle starts
Its cool to be making a fuck load of money and having freedom to do bigger things and what have you, but its all fast money and fast money doesn't always last unless you keep plunging a portion of it back into the market. For me I am always leveraged up to my eyeballs on okcoin because those idiots are just throwing money away
. I take ALLLLL of my money from altcoins and quadruple that shit so easily by doing that