Hi, I'm just trying to plan ahead here and assuming that we are going to have a bear market at some point in the next couple of years, I would like to try to put my bull market profits to good use. I was wondering what is your strategy to continue making money when things turn bearish?

Whether it's shorting, leveraging, trading, earning interest, investing in gold or the stock market or anything else, I'm interested to hear how you are planning to continue making money. If you made money during the last bear market I would be interested to hear how you did that as well.

Thanks.

Thank you for the explanation, that's what I had always assumed but then I got a little concerned when I thought it could run the other way. In that case I suppose if you were lucky enough to buy a leveraged position towards the start of this bull run, say October last year for $12k then you could quite comfortably just sit on that and hoddle it safe in the knowledge that you are unlikely to ever be liquidated unless something goes drastically wrong with Bitcoin.

Thanks man, TBH I was kinda expecting to get lambasted for trading leverage without fully understanding how it works 

Admittedly I didn't use a stop loss with this trade, however would be planning to do so if I make any further leveraged trades in future.

Just to confirm though, as I bought in with 3X leverage at about $40k and BTC is now at $66k, if BTC were to suddenly go back to $40k I should be down to somewhere around my initial stake rather than being liquidated because BTC dropped over 33% from on a 3X from $66k, is that correct?

Hi, I've taken a bit of a gamble by buying Bitcoin with a 3X leverage. I bought in when Bitcoin was around the 20 week MA so this has fared well so far but I realise this was a risky move, particularly considering I don't actually fully understand leveraged trading.

I'd always assumed that if in order to be liquidated BTC would need to go down 1/3 from my initial buy in but I just had a thought that got me concerned.

Let's say for arguments sake that I bought in $1000 with BTC price at $10,000 which has now doubled to $2,000 after Bitcoin went up to $13,333 (I'm not sure that my math is right but anyway).

I would assume that Bitcoin would have needed to go down $6,666 in order for my initial stake to be liquidated and I was assuming that this would still be the amount that Bitcoin would need to go to, however now I'm a bit worried that my initial stake is irrelevant and that Bitcoin would need to drop 33% from the $13,333 that it's at now in order for me to be liquidated meaning that no matter how high Bitcoin goes, if it goes down 33% from that high I could be liquidated.

Is it possible that somebody could confirm if that is true or false please?

Thanks

Thanks guys, I appreciate all the feedback. Turns out I actually really enjoy attempting to trade so I'm going to try to find some more decent youtube videos to get stuck into while Bitcoins playing up. Cheers

Yes, I guess I am asking this but the only reason that I ask that much is because it's what I am currently experiencing and was curious to know whether this is a one off or if there are other coins that follow such easy patterns to profit from. From the sounds of it I have been getting spoilt and this is a one off.

Since I posted this a few hours ago I needed to get some sleep and OMI was heading upwards towards .97c so I made some sell orders between 0.097 and 0.98 which freed up some funds to set some buy orders before I went to bed.

I set some buy orders at 0.901, 0.911, 0.921 and 0.931 and set an alarm to wake me up a few hours later. I woke up and all but the 0.901 buy order had been triggered. On top of that, OMI has now climbed back up to 0.98 and is very close to triggering my sell orders at 0.989 and 0.999. (0.989 just triggered before I could finish this post)

I've cleared a few sell orders from 0.97-0.98 to free up some more funds and set another lot of buy orders from 0.911, 0.916, 0.921, 0.926 and 0.931.

I'm going to go back to sleep now and half expect that I may wake up to some of those lower buy orders being triggered. Now that I've posted this, I'm sure it will just fly past 1c instead or skim the top of my buy orders lol but we'll see.

Hey, thanks for the response. I feel like it has been easy to trade firstly because it has regular big spikes up and / or down before returning to a similar level where it had been before the spikes. These spikes can wipe out your buy and sell orders and then the return to it's previous level allows you to almost instantly buy / sell for a nice profit. I hope that makes sense?

If you look at the buy and sell orders here, that big green spike allowed me to sell at 0.996, 0.998 and 0.999 and then a few minutes later buy back at 0.851, 0.861 and 0.902.

https://imgur.com/a/GgBqPo5

Secondly, it seems to be somewhat predictable, in that it gets caught in channels between each 0.1c where it seems to go up and down a few times from the top of the channel to the bottom and back before moving on to the next channel. Here's a couple of pictures on the 15 minute chart of it recently getting caught in channels from 1c - 1.1c and then later from 0.9c - 1c:

https://imgur.com/a/PAvPVq4

https://imgur.com/a/MmU6eV5

This allows you to set buy orders at the bottom of the channel and then sell orders at the top over and again until it breaks out into the next channel. I guess it's a small sample size and probably won't remain this predictable for long but it has been quite easy to take advantage of those channels while it has seemed to be following them.

Hi, I hope I'm not coming across as shilling the coin. I have no intention to do so. I did make a review of it which I posted above which could make it look like I am shilling the coin but I can assure you that is not my intention. What you are saying has already happened, it pumped from .032c to 1.32c and is now back at 0.94c but as I mentioned in the post above, the trades that I have been making have allowed me to retain a decent proportion of my profits during the downtime.

Just a quick question, from the points I made in the OP, can you see why I think this coin is "easy" to trade? It does seem a bit too good to be true and maybe it is but these spikes and the fairly regular flows between support and resistance levels have genuinely made me feel like it can be easy to make money with the right coin due to these attributes.

Hey, thanks for the feedback. The thing is, the market hasn't been going my way. It started off well when I first bought into OMI at 0.35c at the start of the NFT craze and it soon went up to 1.32c, since then it has dropped back down to 0.91c at present. During this period I have lost some of my profits but the strategy has minimized my losses quite considerably so I can continue to trade with the profits that I have left. I have watched quite a few trading videos (I really liked the beginner course by CottoncAndy) but felt that my time was better spent researching the coins that I am invested in as I was initially planning to HODL, however an opportunity seemed to present itself for me to attempt to trade.

Whilst I'm not an experienced trader, I have researched my investment very thoroughly to the extent that I have written a review of OMI and why I feel that it is a good investment:

https://bitcointalk.org/index.php?topic=5325347.0

I have found that the ups and downs of OMI have been a lot less stressful over the last few days as I don't feel the need to overinvest, can keep some of my money in USDT and am able to make money whether it goes up or down. Maybe it will come back to bite me and if I start losing money then I can stop but at the moment, the strategy seems to be working well time after time and so I have no reason to stop right now. I don't mean to appear arrogant, I understand that trading in general is very difficult, however for the reasons stated, OMI seems to be an ideal coin to trade.

Hi,

I just wanted to start by saying, I'm not a trader and I don't know much at all about charts but I've invested a lot of money into OMI and whilst watching it like a hawk, I happened to notice that it could be very easy to trade.

Firstly, the price seems to flow between support and resistance channels at each .1c, for example it will flow from around 1c to around 1.1c a few times before moving up or down to flow back and forth from around 0.9c to 1.1c.

Secondly, it has a lot of spikes making it easy to set high sell orders and low buy orders which get snapped up by these spikes. For example, last night I made over $1000 in a few seconds when it spiked from 0.9c to 0.99c and immediately shot back down to 0.86c where I just bought back in ready to trade some more.

This seems to happen quite frequently with OMI to the point where I can just set sell orders so if OMI seems to be working it's way up from 0.9c to 1c, I can just set sell orders that start small from say 0.939c then increase in value each step from 0.949c to 0.959c to 0.969c all the way to 0.99c where I've converted half my stack to USDT ready to buy back in again in the same way on the way back down.

I've now got 9% more OMI than I did less than 2 days ago. I understand that if it carries on going I will end up with less OMI but I will have more money and less risk whereas if it carries on going down I'll have more OMI and less risk.

I appreciate that this could easily put down to beginners luck and I'm happy to hear any constructive criticism of my beginners strategy but with OMIs crazy spikes this strategy seems to be very easy to execute.

I was wondering, are there any coins that are similarly easy to trade on Binance? I have as much money in OMI as I'm comfortable with and would like to try to attempt the same strategy on a decent coin with similar attributes that is available on Binance if possible?

I snapped this screenshot of the easiest trade I've ever made. Unfortunately I was overinvested at the time and didn't have any low buy orders set so missed out on buying the downward spike that happened a few minutes earlier but that was a lesson learned.

https://imgur.com/a/GgBqPo5

Sorry about the long post but I wanted to put together a review of CHZ and OMI just in case others might find it useful, I had to rush it a bit so please forgive any errors:

Disclaimer: I own both CHZ and OMI. I'm also not a financial adviser and my experience of NFTs is quite limited so please don't make any financial decisions based on what I say, this is just my opinion.

The apps:

OMI: The VeVe app is still in its beta phase. The NFTs themselves are first generation and whilst they already look impressive it will be interesting to see how they evolve as time goes on. You could one day have your very own charizard flying around the house setting fire to your girlfriends hair.

Whilst they already have some really good contracts in place, the selection of NFTs on the app is currently limited to Batman, Harley Quinn, The Joker, Ghostbusters, the Powerpuff girls and a few other less popular names, however demand has outweighed supply and most of these are currently unavailable making it quite hard to get anything that you might actually want.

CHZ: The socios app has been around for a while and is up and running smoothly. It allows football fans to interact with the club and other fans as well as to buy and sell fan tokens which rise and fall in value whilst giving you influence on club decisions through fan polls. The app can be used to offer fans benefits such as VIP access to games and other bonuses such as club tours and meeting players.

Conclusion: I think that the Socios app has good potential to keep the interest of football fans, however the potential uses and room for improvement seems to be quite limited in comparison to VeVe, so it may struggle to take off amongst mainstream fans. That said, the fact that such high profile clubs like Juventus, Barcelona, PSG and now Man City have signed up with Socios suggests that they do feel that it will be successful.
The VeVe app has a long way to go to reach its full potential, however I feel like the VeVe app could become extremely popular once it is out of beta and a wider variety of bigger, better and more advanced NFTs are made available, though we might have to wait a while to see if it actually lives up to that potential. 

Price and Market cap:

CHZ currently has a price of $0.57 giving it a market cap of $3.1billion whilst the fully diluted market cap which includes CHZ that haven't yet been released onto the market is $5.1 billion.meaning that there's $2 billion of CHZ as yet unreleased.

OMI is currently fluctuating rapidly but as at time of writing is sitting at $0.012 on 20/03/21, given that there's 166 billion OMI in circulation this gives it a market cap of roughly $2billion 

It's quite important to note that OMI is deflationary, meaning that whenever people purchase NFTs on the VeVe app the correlating value of OMI is burnt, reducing the supply and putting upward pressure on the price of OMI.

The tokenomics of OMI are a little more complicated, however of the 750 billion OMI that were issued:

340 billion are locked up never to be released
97 billion were accidentally locked up, effectively never to be released
168 billion are currently in circulation 
145 billion OMI shared between the team and business development costs are currently out of circulation with the potential to be introduced at any time.

Conclusion: OMI is a long way ahead of CHZ in this category in my opinion, the lower market cap is a benefit for OMI and the deflationary nature of the currency gives OMI the potential to increase in value exponentially, however this will rely on the VeVe app becoming popular and the NFTs becoming widely used.

Contracts:

Both have shown that they have the ability to attract top contracts already which is a bullish sign for CHZ and OMI. There's rumours that OMI will be looking to sign contracts with Pokemon, the NFL and the UFC in future and many other contracts could be in the pipeline. CHZ has already signed contracts with Juventus, Barcelona, PSG and now Man City. They have already signed top teams in most of the top leagues in Europe and can start working their way down to other clubs in these leagues.CHZ also has the potential to start looking outside of football if it wants to go down that route but it's as yet unknown if they will.

Conclusion: This one goes to CHZ as the list of clubs that they have already signed while impressive is still rather small in comparison to the possibilities, however both have huge potential to expand here.

Availability:

OMI is currently only available on Bitmax and Bitforex with a listing on Uniswap coming up on March 24th.

CHZ is currently available on Binance, Huobi, FTX, Bitfinex, Uniswap and a host of other exchanges.

Conclusion: OMI is currently very hard to get hold of, many people including myself have had to sign up to Bitmax or Bitforex just to buy it whereas CHZ is readily available on many top exchanges. This gives OMI a huge advantage as it will likely increase in value significantly once it starts getting listed on more popular exchanges.

Final conclusion:

I think both of these cryptocurrencies have the potential to multiply in value in the long term as long as things go smoothly. OMI appears to have a lot more room for improvement than CHZ.but this will be reliant on the team behind it to make the moves necessary to ensure that it reaches its full potential.

It's worth noting that whilst Bitcoin seems to have less of an impact on OMI than it does on CHZ, the impact of Bitcoin on both of these cryptocurrencies is undeniable and should Bitcoin head into a bear market, the value of both OMI and CHZ could be significantly impacted.

Thanks Maki, I'll have a look into Dego.

MANA has jumped from $0.91c to $1.13 since I posted this a few hours ago. Omi has gone from $0.32 to $0.38.

These NFTs ain't playin'

NFTs have exploded onto the scene over the last few weeks and the hype doesn't look like it's going to fade any time soon.

I've been researching NFTs with all my spare time over the last 10 days and had noticed that many of the NFTs that were pumping particularly hard were available on Binance. I assume this comes down to the volume that comes with Binance but may also have a lot to do with the ease and cost of trading these coins back and forth via BNB.

FYI, here's a handy list of the main NFT coins available at the moment:

https://coinmarketcap.com/nfts/

I've been researching NFTs with all my spare time over the last 10 days and what I initially noticed from this list was that at the time, they had gone up on average about 60-70% over the last 7 days.

I also noticed that many of the NFTs that were pumping particularly hard were available on Binance. I assume this comes down to the volume that comes with Binance but may also have something to do with BNB.

Not wanting to miss out on this new fad, my initial strategy was to just FOMO into every coin that I could find available on Binance and spread the risk across them all. This actually turned out to be a quite a good strategy as my portfolio kept on rising whist I was researching which coins I wanted to hold long term.

Just for your information, the NFT coins I've found available on Binance so far are:

Theta, CHZ, ENJ, MANA, CHR, OGN, SAND, AXS, COCOS.

I started my own Telegram group and signed up to a couple of other Telegram groups to do some more research on the subject and there's a few options that I have seen being recommended frequently by people who understand the space better than I do.

MANA - MANA  is based on a popular game called Decentraland. People can buy land and various items using the cryptocurrency. Mana is my largest holding and is currently up 46% over the last 4 hours and 159% for the week. It went parabolic earlier and has now pulled back to $0.91 at the time of writing. I'm expecting that $0.91 will look like a very cheap price next week.

https://coinmarketcap.com/currencies/decentraland/
https://coinpaper.io/coin/mana-decentraland
https://www.youtube.com/watch?v=v26yQGTycco


Chiliz (CHZ) - This is a football (Soccer) related cryptocurrency that allows fans of their favourite teams to buy tokens of their own club that give them certain benefits such as an ability to vote on certain decisions. Juventus were the first to sign up with Chiliz but many other major clubs have followed including Barcelona, PSG, AC Milan and more. Chiliz has pumped from $0.27 to $0.85 over the last few days, however has now pulled back and is currently trading at $0.61. If you're quick this could be a good time to invest before it pumps again.

https://coinmarketcap.com/currencies/chiliz/
https://www.youtube.com/watch?v=wygzmKe937w


Omi ecomi (OMI) - This is the cryptocurrency used by the creators of the digital asset trading platform VeVe. VeVe is a marketplace for buying and selling NFTs, a craze which looks like it could grow very fast in 2021. OMI is the cryptocurrency that people on VeVe use to buy gems which they can trade for NFT tokens such as Batman, Harley Quinn, Ghostbusters and various others. It's not available on Binance, Bitmax and Bitforex are currently the most popular exchanges for this coin.

https://coinmarketcap.com/currencies/ecomi/
https://www.youtube.com/watch?v=wygzmKe937w


A couple of others that you might want to look into.

Enjin (ENJ) - This coin is used by the gaming industry to allow gamers to buy in game items.
Sandbox (SAND) - I'll be honest, I haven't had time to research into this one, however I'm seeing it being highly recommended by people who understand the NFT world a lot better than I do.


If you want to learn more about NFTs feel free to check out my Telegram group for NFT crypto investing

https://t.me/joinchat/V5nNVoIR7qZkY2Y8

If you want to learn even more, the guy who runs this Telegram group is a really nice guy and regularly puts out some excellent Technical Analysis on a regular basis.

https://t.me/cryptoprocarlton

I was hoping to get some feedback on which are your favourite coins and why you like them?

I appreciate that it hasn't in the past but I think this will time will be a bit different. Could easily be wrong but that's just my guess, I'm not suggesting that it's going to be correct.

I think Americans in general have a tendency to hate any policies that could be labelled socialist such as this but like I said in the above post, if you look at the Scandinavian countries that follow the Nordic model of high taxes to subsidize world class social welfare programs, it's actually resulted in their citizens enjoying a fantastic standard of living...


Social Welfare spending as % of GDP:

Finland: 30.8%
Denmark: 27.8%
Sweden: 27.1%
Norway: 25.1%
UK: 21.5%
USA: 19.3%

https://en.wikipedia.org/wiki/List_of_countries_by_social_welfare_spending

Quality of life index:

Denmark: 1st
Finland: 3rd
Sweden: 10th
Norway: 11th
USA: 13th
UK: 18th

https://www.numbeo.com/quality-of-life/rankings_by_country.jsp


World happiness report:

Finland: 1st
Denmark: 2nd
Norway: 3rd
Sweden: 7th
UK: 15th
USA: 19th

https://en.wikipedia.org/wiki/World_Happiness_Report

GDP per capita:

Norway: 6th
USA: 10th
Sweden: 15th
Denmark: 19th
Finland: 24th
UK: 26th

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

Poverty:

Norway: 0.2%
Finland: 0.2%
Denmark: 0.5%
UK: 0.7%
Sweden: 1%
USA: 2%

https://en.wikipedia.org/wiki/List_of_countries_by_percentage_of_population_living_in_poverty

Income inequality:

Finland: 3.9
Denmark: 4.0
Norway: 4.1
Sweden: 4.6
UK: 5.4
USA: 9.4

https://en.wikipedia.org/wiki/List_of_countries_by_income_equality

Life expectancy:

Sweden: 82.7
Norway: 82.4
Finland: 81.7
UK: 81.2
Denmark: 80.8
USA: 78.9

https://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy


World education rankings:

Finland: 3rd
Norway: 12th
USA: 17th
Sweden: 19th
Denmark: 24th
UK: 25th

https://www.theguardian.com/news/datablog/2010/dec/07/world-education-rankings-maths-science-reading


World ranking of countries by IQ:

Norway: 100
UK: 100
Finland: 99
Sweden: 99
Denmark: 98
USA: 98

https://iq-research.info/en/page/average-iq-by-country

Crime rate:

Finland: 22.75
Denmark: 24.72
Norway: 33.51
UK: 43.64
USA: 46.73
Sweden: 47.21

https://www.numbeo.com/crime/rankings_by_country.jsp


World Health organisation ranking of health systems:

Norway: 11th
UK: 18th
Sweden: 23rd
Finland: 31st
Denmark: 34th
USA: 37th (Privatised healthcare system)

https://en.wikipedia.org/wiki/World_Health_Organization_ranking_of_health_systems_in_2000


Unemployment rate:

USA: 3.5
UK: 3.8
Norway: 4.0
Denmark:  4.8
Sweden:  6.3
Finland: 7.2

https://en.wikipedia.org/wiki/List_of_countries_by_unemployment_rate


Homicide rate per 100,000:

Norway: 0.5
Sweden: 1.15
Denmark: 1.2
UK: 1.2
USA: 5.3

https://en.wikipedia.org/wiki/List_of_countries_by_intentional_homicide_rate

Incarceration rate per 100,000:

Finland: 51
Sweden: 59
Denmark: 63
Norway: 63
UK: 140
USA: 655

https://en.wikipedia.org/wiki/List_of_countries_by_incarceration_rate

Infant mortality rates per 1000:

Finland: 2.3
Norway: 2.6
Sweden: 2.9
UK: 4.3
Denmark: 4.4
United States: 6.5

https://en.wikipedia.org/wiki/List_of_countries_by_infant_mortality_rate

To be fair, I thought the 2009 stimulus would be terrible for the economy and that actually managed to stimulate the economy and get people back to work. At least this time the money is going directly to the people who will spend it within the economy rather than the banks who just hodled it for profit.

The Nordic countries in Scandinavia have a lot of similar policies and they have some of the strongest economies in the world.

I don't think this will be as terrible as people think it is, particularly not if you're invested in crypto 

Thanks man, I'm all in at the moment and planning to remain like that until July when depending on circumstances I'll look at slowly starting to take profits just incase the bull run does come to an end early but I think late September is probably a realistic estimate of when BTC is likely to peak so I'll watch out for any parabolic run coming around September onwards and make sure I'm not overinvested when that happens. Cheers.

I think you both might be missing the bigger picture here. Some people will invest their $1400 stimulus funds into Bitcoin but many wont, however that's not where the big money will come from. The fact that the stimulus money will devalue the dollar will encourage people and corporations who already have a lot of money to find alternative investments such as stocks, gold and cryptocurrencies. At the moment Bitcoin is a strong contender and for many investors and corporations that were considering investing in Bitcoin anyway, this could be the event that pushes them over the line.

As long as it continues to head in the general direction of North then we're all good.

OK so, the $1.9 trillion stimulus bill has passed the senate and is now pretty much nailed on.

I was wondering what effect you think this will have on Bitcoin over the coming days, weeks and months? It doesn't seem to have made a huge impact straight away, I guess this is because people were expecting it to happen anyway but surely as the stimulus starts to take effect over the next few months, inflation is going to become a huge problem for any individuals and companies who happen to be sitting on piles of cash. Will the government be able to stop inflation from running out of control or are Bitcoin and crypto holders in for the treat of their lives?

https://eu.usatoday.com/story/news/politics/2021/03/06/bidens-covid-stimulus-bill-passes-senate-legislation-heads-house/6886446002/