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Showing 20 of 342 results by Geurangsang
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Board Trading Discussion
Re: Risk associated with Prop firms
by
Geurangsang
on 07/04/2024, 17:01:44 UTC
which to me I see it as a waste of resources, instead of going through this why not save up then invest the little you have then you don't have to share your profit with anyone or any firm

I think there are various options for trading.  Prop itself is a type of trading that utilizes large capital from other people, and of course there are conditions for its use.  This prop is only suitable for experts who can stand on their own feet, but lack capital so they need support.  For non-experts, another option is to become a holder or run using your own money which is better.  Or there is also a no-cost option for learning, you can register a demo account on the exchange.  But of course you don't get income with a demo account.  Additional point, you can learn without losing.
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Board Trading Discussion
Re: Advantages of Building a Crypto Arbitrage Bot
by
Geurangsang
on 06/04/2024, 22:13:34 UTC
I think this is possible to do with bots, but it is not easy like the OP said.  Maybe we can use the API available on the exchange to get real-time prices that occur, and compare them automatically with your script.  However, you also need to calculate the fees you have to pay for both exchanges so that you still make a profit.  And you have to do that manually with your own estimates and there are different opportunities.  As far as I know, arbitrage at that time only occurred in a short time and your chance of winning was very small.  Therefore, your script must really be able to work quickly and be able to execute correctly.  If not, you will only get a refund or worse, you will continue to fail to get opportunities. I'm very interested in the OP ideas, but it really needs serious testing and time for continuous improvement.
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Topic
Board Trading Discussion
Re: How To Make Money Trading, Even When You Are Wrong
by
Geurangsang
on 05/04/2024, 18:28:19 UTC
I think there's no harm in following the videos on YouTube.  Even though many people brag, of course there are those who really teach the theory.  But of course you should not accept everything without clarification.  However, of course having a good mentor is a great thing.

He is able to be in drawdown from 8 trades in a row, because he is not risking a large lot size per trade.
I think this is a good thing to minimize the risks that occur.  And I think this indicates he is a good analyst.  This set up is what many beginners skip so they find themselves falling.

I am not an english native speaker so I dont understand everything in the video.
I think you should look for channels that you can fully understand.  This helps you to really understand what is being said.  Look for channels that use your national language.  Then you can register a demo account to practice it.
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Board Trading Discussion
Re: Just because some meme coin or other low Cap coin listed don't mean it's over
by
Geurangsang
on 05/04/2024, 18:05:20 UTC
I think nothing really ends in crypto.  The world keeps turning and opportunities keep coming. We can also look for profits in very chaotic markets, the important thing is that we can find good momentum to enter and take profits.  Of course this can only be done with good analysis and that is the most difficult thing to do.  Joining a project at a low price of course must have its own analysis method.  without it, we are just gambling in the hope that it will be true, but instead we lose everything.  A good investment is something that has been planned, even though we cannot control everything, at least we can prevent a lot of losses.
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Board Trading Discussion
Re: Why most of Exchanges FAIL ?
by
Geurangsang
on 04/04/2024, 14:43:40 UTC
I think OP are right and remind me of a common statement in this group, it's never store your assets in an exchange wallet, but always keep it in your own wallet. Actually, I have experienced this thing after quitting the crypto world for a while and I left several assets on exchange such as Forkdelta, Bittrex and Bibox. That asset has been lost forever and it has always remained seared in my memory.

Indeed, we really have to choose an exchange that has a good and trustworthy reputation. However, that is not always a guarantee. The point is that we must always be vigilant to keep our assets as safe as possible. Bankruptcy that occurs on exchanges is not in our control, but we must always care about where our assets are.
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Board Trading Discussion
Re: The hanging man between the bull and the bear.
by
Geurangsang
on 04/04/2024, 14:27:05 UTC
I think OP is mistaken in understanding the terms bullish and bearish. As I know, bullish is a trend that shows an increase. This is characterized by an upward push by the bull. While bearish is a market that shows a degression because it is attacked by a big bear. So I think what should be true is that if the price opens higher and closes lower it is bearish.

I think looking at trends only in daily periods is not right. We have to look at other trend changes in weekly and monthly periods so that we can find the major trend. Daily periods cannot show trends clearly.
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Topic
Board Trading Discussion
Re: what sort of features would you want in a trading bot?
by
Geurangsang
on 31/03/2024, 02:20:22 UTC
I am very interested in your project. Can you share the link for your bot so we can try it for a while and provide an evaluation of your bot's performance.

Currently I only found bots with poor performance. They only carry out rigid analysis and cannot adapt to changing market conditions. Some bots are only suitable for bullish conditions, but it is difficult to find them for barrish ones.
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Board Trading Discussion
Re: How do exchanges work?
by
Geurangsang
on 28/03/2024, 05:33:24 UTC
My question is why is the rate higher on one exchange than on another?

I think this is something that usually happens if we look at several exchanges. This is because the price displayed on an exchange is based on the most recent orders. The number of transactions that occur on each exchange is definitely not the same at one time, thereby increasing the price on one exchange, even though there is still no price change on the other exchange. But this will not last long because there will be another correction after a few minutes so that the price is closer to the same.

But you have to be careful in looking at price differences on exchanges that are not well known. It's possible that an exchange that looks cheaper is a fake exchange that attracts prey. Be aware of it and always use verified and reputed exchanges.
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Board Trading Discussion
Re: The Meme Sniping Trend on Raydium and Solana: Let’s Discuss!
by
Geurangsang
on 28/03/2024, 05:20:42 UTC
What is Meme Sniping?

  • Meme Sniping involves swiftly grabbing newly listed meme tokens as soon as they hit the market. It’s like catching a wave in the crypto ocean – but with profits!

Honestly, I just heard about Meme Sniping. If you just take new memes that have just been registered without analyzing them, I think it's suicide. As you said memes often lack utility and an established roadmap, and this means we are just gambling when entering the market and this is not very good. And usually after a coin is released there will be a price reduction because many investors sell their coins to secure profits from their investment. Many experts recommend to not holding memes for a long time because many memes are worthless after being released.

I think this trend is just speculation and it will not work for a long time because there is no clear analysis and no basis at all.
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Board Altcoin Discussion
Re: Selling BTC for Alt Coins?
by
Geurangsang
on 27/03/2024, 05:21:51 UTC
I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.
Bitcoin is the best place to invest. If you have made up your mind, it is better not to sell all your Bitcoins. You can sell max 50% of your assets for top Altcoins such as ETH, BNB and Solana. You can also search for other best Alts on Coinmarkercap or Coingecko. Something you should know is that investing in Altcoins have more risky then on Bitcoin. You have to be a good analyst to find profitable coins. The crypto market is very volatile and you should do your own analysis so that you are confident in your investment. Otherwise, sticking to Bitcoin is the best choice.
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Board Trading Discussion
Re: Best altcoin now?
by
Geurangsang
on 26/03/2024, 08:24:34 UTC
Which altcoin shoud I be carefully looking at now as BTC goes a little down, do yoiu think..=?? Anything interesting in the trading platforms moving up against the other trend..??

Got an eye wide open on something very interesting right now, bnut don't know what you guys would  say about this at the moment...  Shocked)

I think this bullish will continue maybe until before the halving happend. But seeing base on the trend that is still very strong, perhaps bullishness will still exist even after the halving. Corrections are common when prices are very high.

I think ETH is the best Altcoin right now. Because after the BTC ETF was approved, there was even an agenda for an ETF on ETH. Of course this will increase the value of ETH massively. Apart from that, Solana has also shown tremendous improvements. Encouraged by the cheap gas fees and the hype that occurred in memes, this gave him even more opportunities.
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Board Trading Discussion
Re: Should trades be closed only when the market is bullish?
by
Geurangsang
on 26/03/2024, 08:04:29 UTC
A tendency arises among us. When the value of Bitcoin increases a lot, we start trading more. Which puts our trade management in jeopardy, during which most of the time people face loss.

I think it would be easier to trade on bullish times. Bullish have a chance to increase earnings. Usually people close trades when bearish occurs. I think there is wrong momentum with your trading. Have you not calculated the risks that will occur? If not, you should do so before trading. This is about how to set your stop loss so that you don't experience losses. It is also possible that you were too hasty in trading while you did not see the opportunity for a correction, so you experienced a loss. Here you have to control your emotions so that you are not killed by your own greed. Just do it slowly and follow the trends that occur. Make this experience your teacher and continue to improve your trading skills.
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Board Trading Discussion
Re: Quick way to learn bitcoin trading
by
Geurangsang
on 23/03/2024, 08:43:31 UTC
Hi is there a quick free beginner course to learn crypto trading anyone can recommend?

Courses cannot completely improve your skills in trading. I think learning trading is about persistence, no matter how much money you spend on learning, but without persistence and good emotions, you will fall. In my opinion, the course only teaches theory and maybe it is good for knowledge. But you must have  the guts to try it with your own hands.

You may be able to find free courses on major exchanges like Binance and others. You can create a demo account to try out the analyzes that you have learn on the course. After understanding it, you need to try it on a real account. Do it slowly, no need to rush. Here you need to train your emotions well. Maybe it's easy to write it down, but it's not easy to put it into practice. The point is that you have to have persistence to trade.
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Board Altcoin Discussion
Re: Ethereum vs Solana
by
Geurangsang
on 22/03/2024, 15:30:40 UTC
I think choosing Ethereum is better way for invesment. Because we know that there is no Altcoin that is more famous than Ethereum and especially in a few moments there will be an ETF on Ethereum, of course this will make the price more higher. The only problem currently with Ethereum is that it has huge fees. This is of course because the blockchain is very dense. But I'm sure this will be improved by the developer soon.

I think Solana was only chosen because of its lower costs making it an alternative for shipping. If I can say, I prefer BNB over Solana. BNB is more popular than Solana. However, BNB has shortcomings because it is a coin developed by Binance, and many speculate said that BNB will collapse if Binance breaks down. CMIIW.
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Board Altcoin Discussion
Re: Do you this the current correction was local bottom price for alts?
by
Geurangsang
on 22/03/2024, 15:20:34 UTC
I think what happened the last few days was just a correction from the market. I am sure this bullishness will continue because there is another point in the future, it's the ETH ETF. Even the BTC Halving has not happened until now. ETH ETF will make ETH have a higher value and of course as we saw in the previous period, when BTC and ETH rise it will always be followed by another Alt. Maybe many Alts will not move, but certainly not a few will experience improvement when the time comes. And I think it's time to enter to the market because it's not too late.
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Board Altcoin Discussion
Re: Is investment a necessity or a want?
by
Geurangsang
on 20/03/2024, 08:29:22 UTC
Necessity is something that must exist in life. If it is not there, of course it will disturb your life and make you uncomfortable. I think investing is just a choice to make for the future, if you are okay after doing it. Investing is not a necessity where you have to sacrifice your health to do it. Many recommend investing only with cold money, so that it doesn't disrupt your life when something bad happens to your investment. Investments don't always make money, but sometimes they also cause headaches and generate losses. Especially when we make wrong decisions from wrong analysis or when the market doesn't want to compromise with us, it will really kill you if you use your hot money. Therefore I prioritize my health over investments.
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Board Altcoin Discussion
Re: Are memecoins also classified as Altcoins?
by
Geurangsang
on 20/03/2024, 08:04:58 UTC
All coins except Bitcoin are called as Altcoins which is an abbreviation for alternative coins. Then a new term emerged called memecoin, which is an Altcoin inspired by memes, jokes or images that is viral on the internet. Apart from coins, there are also memes in the form of tokens called as meme tokens. Memes usually take advantage of certain moments to appear and get hype to rise. Many people think that memes are shit coins and are less popular, but in this bullish trend, the name meme is increasingly popular because it can provide more profits than other altcoins can provide. It's just about knowledge about the terms, nothing else.
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Board Altcoin Discussion
Re: Why Memes really pump hard than others
by
Geurangsang
on 18/03/2024, 15:36:11 UTC
Basically memecoin is a part of Altcoin, with an emphasis on jokes and virality.  Maybe you are lucky to get a profit from your investment in Memecoin, but I'm not too interested in Memecoin.  For me, Memecoin is just taking advantage of the hype to move and just for fun.  There are no special characteristics or utilities, and no strong base that will make it viable for a long time.  Please be careful about your investment in memecoin.
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Board Altcoin Discussion
Re: Elon Musk hints Possibility of Accepting Dogecoin for Tesla Car Purchase
by
Geurangsang
on 15/03/2024, 04:05:52 UTC
I think Elon Musk is a great businessman.  He was able to see the opportunity to promote Doge for the umpteenth time.  I think this will lift Dogecoin once again in this bullish periode.  I think this is an advantage for holders of these coins because you can be sure that the price will rise soon.  But from my point of view, Musk is only doing hype to increase the price of Doge.  Doge is not the best coin at the moment, and why is Doge only accepted?  I am a little disappointed with this Elon Musk's attitude.
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Board Altcoin Discussion
Re: How safe is BSC (bep20) chain?
by
Geurangsang
on 15/03/2024, 03:51:13 UTC
How safe is BSC (bep20) chain? Is it okay to store a large amount of BTC and USDT on that chain? If Binance shutdown will the chain still operate normally?

I think BSC is safe enough for now.  BSC is liked by many people because of its very small transaction fees.  However, many people doubt whether to store coins there for a long time.  BSC was created by Binance, and they are still running because Binance is still working.  It is not recommended to store assets on an exchange because something bad could happen and there is a risk of losing your assets.

BTC and BSC have different blockchains, so it is impossible for you to store your BTC there.  If you mean wrapped tokens, that is not recommended.  Tokens may fall and you will lose your money.  It's better to use real coins and don't store your coins in an exchange wallet.

Storing USDT is still better than wrapped tokens, but also not for long time.  USDT is a centralized token and can be frozen at any time.

I don't know exactly what will happen to BSC if Binance fails.  It is also very likely that there will be problems with BSC considering that the coin runs on it.  As I said before, maybe you are safe using BSC now, but not good for a long time.