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Topic
Board Trading Discussion
Re: How to trade after all time high
by
create_crypto
on 03/01/2021, 03:41:21 UTC
Can anyone please suggest that, how should we trade when Bitcoin or any token is above it's all time high.

At that time we don't have any charts,so we should trade with the help of indicator only.....

Indicators didn`t work at long time run, so they will not give you effective points of entering into position (long or short no metter). I advice you to study technical analysis, but not from youtube bloggers, but from best traders in the world like Soros, etc.

And I can also say, that not all technical analysis also works, but some mechanism from it works, and they didn`t changing last 50 years at any markets, including trading stocks, commodities etc.
Post
Topic
Board Altcoin Discussion
Re: Is ETH overpriced?
by
create_crypto
on 03/01/2021, 03:25:59 UTC
Ethereum is not overpriced, it should be valued at more than 1000$ per coin because it is really a highly valuable Blockchain that is being used by thousands of humans. It's underrated for sure.
Also Ethereum was more than 1000$ at the time, when it have multiple time less usage, and bitcoin was at 40% less than this days.

Huge part of coins on coinmarketcap, based as smart-contracts on Ethereum aswell.
Post
Topic
Board Altcoin Discussion
Re: Whats your thought about New projects?
by
create_crypto
on 03/01/2021, 03:19:08 UTC
If you visit some crypto forum you will see so many upcoming cryptocurrency projects coming into the industry but sometimes I begin to wonder what is their purpose of bringing in New crypto project knowing well that some of them have wrong motion of the project they are bringing, I have participated in so many of them last year but I have not hear from them again some are abandoned on the proccess with a lot of promises they come with just to gain your interest. What do you think?

This is the problem on the crypto market of that really good projects with awesome team and new gamechanger technology could completly be failed on the market or beiing undervaluel hundred of times (for example WOZX of Steve Wozniak, founder of Apple).
Steve Wozniak, one of who created a company, that have double marketcap then all crypto with bitcoin aswell, and they was gamechaner for personal computers in the world. We all know personal computer as we know, because of Steve Wozniak.

And at the opposite site shitcoin even without an active website could hit in capitalisation coin like WOZX. Or coin like TRON, that completly copied white paper even with dots from other project (google history of Tron in 2017 year), from no name team, could have in 500 times more capitalisation when coin from the person, who know all the world.

At the end, I think is best wave of outgoing year become DeFi.
Post
Topic
Board Economics
Re: China Economy Forecasted to Surpass US Economy by 2028
by
create_crypto
on 03/01/2021, 02:57:16 UTC
The year 2028 is still about 7 years away, so anything can happen in 2028. Including the Chinese economy is expected to pass through
the American economy. If you look at China's current economic development which is quite rapid, it is possible that in 7 years China will
be able to dominate the global economy. But we also must not forget that today the USD is the currency that is still trusted by most countries
in the world, as a global currency that can be used for international trade.

While Yuan is still used by residents of China only. So, indirectly, America still plays an important role in the world economy. Both China
and America will continue to fight to become the country with the best economy. We'll see who is better in the next 7 years.

They have testing their own Chinese cryptocurrency - China's National Digital Currency DCEP. They doing it last 2 years, and now started to implement in some regions of country. Also big chinese companies at these regions start to accept it.

https://www.asiacryptotoday.com/china-digital-yuan-dcep/
Post
Topic
Board Economics
Re: Who will be the leading economy at 2030?
by
create_crypto
on 02/01/2021, 16:52:47 UTC
In your post, who is the WE? And with what I read you are saying that they have lost their first place in the economy and it will last till 2030? Pls visit your post back if you want an exciting discussion to correct yourself.
In my opinion the struggle for economical supremacy or supreme reign is mockery to developing countries, so country has cemented economical stability for generation while some counties are in present catastrophe. The fight should be against hunger for at least children in war,rebel afflicted countries, water as well and its a collective work.


You can find that discussions about that here:
https://bitcointalk.org/index.php?topic=5304274.0
https://bitcointalk.org/index.php?topic=5304145.0
Post
Topic
Board Trading Discussion
Re: What I think every trader should do to stay in the green
by
create_crypto
on 02/01/2021, 16:44:22 UTC
The problem with trading
When I started day trading crypto 3 years ago, I didn't have a plan with my trading. I just thought "if my win rate is high, I will make money gogogo".
I think everyone is missing a very important step if you just do some TA and start trading.

"You need a strategy"
Everyone told me from day 1 "You need a strategy" - but I simply didn't know how to make one. After losing 90% of my account balance, I took a break from trading for 6 months. Then I came back with a new mindset and reviewed some of my past trades.

I had no plan
When I look back at it, it was actually crazy how much I cowboyed my trading. Sometimes, I made +1%, sometimes -3%, sometimes +5%, sometimes +10%, sometimes -7%. There was no structure and I had no idea what results I could expect.

Since I had no forecast of my results, it was difficult to follow my rules. I simply lacked motivation to follow my rules. I think this is very common.

What worked for me
What made me go from a bad trader to a consistent profitable trader, was ACTUALLY using a strategy. Not only trading based on a vague strategy.

NOW - How the heck should I form a reliable strategy that works?
I opened up a Google Sheet and started writing formulas to estimate my earnings and losses from trading, based on different win rate, starting balance, leverage etc. It helped me a lot but it was so tedious to change the strategy in Google Sheets

I had enough. So I started to Google if there was a better way to do this. I found nothing. The only thing I found was a Forex Profit Calculator, but I wanted one for crypto.

Winrate.io was my game changer
So I made my own one. I created a website called winrate.io where you can test your current strategy or create a new strategy if your current one doesn't work.

This was a game changer for my own trading - Since I realized that my current strategy was not efficient at all and I was trading on an exchange with crazy fees. I sat down for 1-2 hours and tried different setups, and found out that I just had to make a few tweaks to make my current strategy work a lot better.

This is free and it will not ask for anything from you - not even your email. This is simply my Google Sheet in a more user friendly version that I personally use to improve my trading. My friends also use it regularly. So I wanted to share it with you as well. Hope thats OK!

https://i.imgur.com/x9uiVMi.png

I really think this step is very important but something that a lot of traders does not do - because it is difficult to do in Google Sheets or Excel.

Please let me know if you think this is helpful and if you have any questions.

All the best,
Joel

I think is is a wrong question, because the best traders in the world not all the time green, Secret of their trading - they very quick cut losses, so tha]ey have a lot of trades with little losses like - 0,1%, 0,2%, 0,5%.

The idea us:
- You cut the loss quickly and do not let it shrink, triple, etc.
- To sit out a loss and miss opportunities to acquire something that does not fall, for example.

And than you catch really good position like buying BTC, at this year maybe at points of 5500$ and 12300$, you almly remain in growing profits all the time while the growing trend is on your side.

That`s why top traders can loose money for months doing quick losses cut, to catch the trend, that give you money for next years.
Post
Topic
Board Trading Discussion
Topic OP
Best Exchange of the 2020
by
create_crypto
on 02/01/2021, 16:17:20 UTC
Year ended, we have some new exellent opening of the year like Uniswap, but what is the best exchange of the year, what do you think?
Post
Topic
Board Trading Discussion
Re: What Type/Kind of Trading Style is the Best and why
by
create_crypto
on 02/01/2021, 16:10:59 UTC
In recent times I have understand that most beginner traders don't know the kind of trader they're. Either
1. Scalper
2. Day trader
3. Swing Trader
4. Position Trader.

Which of these trading methods/style is the best (that you use), and you can recommend and why.

Whose the best traders in the world - they use:
3. Swing Trader
4. Position Trader.

Because, if you have big resourses it is impossible for you scalping, because every time you have much more buying and selling power, than market can give you at every moment, thats why you starting to move pricese with your volume.

Day trading creating big problem than you trying to follow the trend, but you have an opportunity to sleep well)

Swing and position trading also difficult to trade by the rules, you must quick cut losses. That`s why you feel doing a lot of money loosing trades sometimes months, but your goal at the end to catch big unstopple trand like last months happened with Bitcoin.

And I also don`t see any seriuos succesful top traders, who still trading 1 and 2 types. Of cause they know how to trade these styles aswell, but decide not to.
Post
Topic
Board Trading Discussion
Re: Is Buy and Hold Really the Best Strategy in Crypto?
by
create_crypto
on 02/01/2021, 15:56:10 UTC
Some people say that Buy and Hold is the best strategy and can't be beaten. They hear phrases like “95% of traders lose money” and automatically assume that all trading is bad and markets can not be outperformed.

In my Medium post, I’m going to show you, that holding might not be the best option if you put in a little bit of work. To do that, I compare Buy and Hold returns for 25 coins with several basic trend-following strategies in different time periods (over 3.5 years of data and then a little extra).

READ THE POST HERE!

The source code of strategies and raw test results (CSV) is pushed to my Github.

Let me know what you think! Thanks!

https://i.postimg.cc/wxkFKGvQ/1-med10-profit-Jan2019-Jul2020-2020-08-24-13-24.png

Yes, most of time "buy and hold", is a strategy, that came for whose you bought and price now getting upset.
If some coin will rise 3-10x times, you sell it and happy.

But if coin fall in 3-10x times for a lot of people that just mean that they now must hold intill price will return.

That`s why this meme massivly become on crypto scene, after highs of December 2017 - January 2018.
Post
Topic
Board Economics
Re: We dont see and dont feel hyperinflation only for one reason
by
create_crypto
on 02/01/2021, 15:34:32 UTC
We dont see the hyperinflation only for one reason
because of the big drop in money occasioned by Covid19
Thanks to covid we dont have to bring 100k+ to shop to buy  some milk and other food .

No wonder why before the covid every responseble person at the covid times have a economic degree or kind of economic money business background.

So if they open business normal ways again...
The hyperinflation will rocket fast like rocket


I can say you that we have a pritty big inflation in travel industry (airlines companies, cruises, liners, trains). Whose players who survive play prices up as they can to quickly recover.

Also sevices for medicine and health industy infliated terrible. In some contries because of a covid people can`t even treat cancer, because all industry fiting for covid, and they must to find private expansie hospitals.

Also we see how part of stimulation package money gone on a markets and at crypto also, while a lot of people siting at home, and didn`t find other ways to spend it. Therefore, this money supply is taken out of circulation and does not create inflation.


Post
Topic
Board Economics
Re: China Economy Forecasted to Surpass US Economy by 2028
by
create_crypto
on 02/01/2021, 15:09:27 UTC
That manpower is also the cheapest as far as I know, not to mention the money trap that China puts other small countries in to create a new Silkroad. But, China beating US when it comes to economy is still a dream to be fair, the economy of China is exclusive and most of their wealth is invested in real estate bubble that does not pop because they have exclusive economy.

That is simply not true. Manpower in China used to be cheap, but that was one or two decades ago. The wages have risen to such a level that they are now 2-3 times higher than the comparable salaries in countries such as India and Indonesia. On top of that, they are now getting strict with environmental and other regulations. Lax regulations attracted a lot of investment earlier.
If you compare the salaries of US citizen with Chinese citizen then you can see huge difference in the minimum wages.Of course US doesn't have huge amount as minimum wage but still they are far like 10 or more times than average pay in those countries you mentioned. What China did is created more employment with very low pay so everyone can work which will help their government to become better in economy as well.

Last years chinese salaries grown very much. And they are already on 30-40% more than, for example, most of old comunists USSR countries, like Russia or Ukraine. Avarage in China is 14.294 $ (yearly)

https://tradingeconomics.com/china/wages

And we have a median salary in USA - 35.977 $ (yearly)

https://en.wikipedia.org/wiki/Personal_income_in_the_United_States#:~:text=The%20Bureau%20of%20Labor%20Statistics,sex%2C%20ethnicity%20and%20educational%20characteristics.

But in China we have also much less prices for living, buildng homes, services, etc. If we include that factor from GDP by PPP, we can see that on the same 1 dollar in USA you have a 1,72 dollars in China money buying power Index.

So we can see that is not big gap in final income and wealth -
14.294 $ * 1,72 = 24.585 $
24.585 $ vs 35.977 $ = US salary more on 46%

If we compare just pure numbers:
14.294 $ vs 35.977 $ = Us salary more just on 151%

And that`s why last 6-8 years most of companies oppening their new factories not in China but in Bangladesh, Vietnam and India. Because Chinese salaries already not little as it was 20 years ago, for example.
Average salary is higher in China but what about the salary of majority of people which is far lower than US as far as I know. Not sure about the exact values wnd calculation of average salary but the ground reality is different from what we can see on the paper.
That is true they have that problem with a lot of people (mostly in a countrysides), that living very poor. That`s why Chinese goverment creat a lot of programs of "elimination of poverty" like "Zero poverty" promgram.

And they also settled this goal to be achived that year.

https://news.cgtn.com/news/2020-11-23/China-eliminates-absolute-poverty-one-month-before-schedule-VEp8VAJJS0/index.html#:~:text=China%20has%20set%20the%20goal,by%20the%20end%20of%202020.&text=The%20population%20living%20in%20absolute,decreased%20from%20832%20to%2052.

For understanding how many people in the country living poor and how many rich, it is created an Index (Income Equality), that showing how many time top 10% richest people earn more than top 10% poorest people in the country.

For example:
- In US 18,5 times
- In China 21,6 times

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

In China a liitle bit more disequality at 3%. But not huge diffenece with US.

For example disequality in Germany - 6.9. At till three times lower than in US.

Post
Topic
Board Economics
Who will be the leading economy at 2030?
by
create_crypto
on 02/01/2021, 14:35:50 UTC
We have a good predictions that US will lost their leading position as first economy in world till 2030. But what do you think?
Post
Topic
Board Economics
Re: EU reality and challenges.
by
create_crypto
on 02/01/2021, 14:26:54 UTC
If we compare EU zone with biggest economies like US and China,
we can see that EU shown how fragile their economy now.

What we have:
China +2,1% growth
US - 2,4%
EU zone - 7,3%

And for EU economy it is one of the worst years after WWII war. And to return on the same level EU must up to 2 years of recovering. At the same two years more China already could be ahead at 16-22% more.

https://ec.europa.eu/commission/presscorner/detail/en/ip_20_2021

Post
Topic
Board Economics
Re: China to overtake the Us as the largest global economy by 2028?
by
create_crypto
on 02/01/2021, 14:04:41 UTC
Does that mean that the 3rd world war would happen before 2028??

China becoming the financial powerhouse will pose significant challenges among its neighbors and it is a great threat to global peace! China has shown its predatory and expansionist mentality quite a few times already. All of its smaller neighbors have faced such heat and some of them have given in to immense Chinese fire power! Only Japan and India have stood its ground against Chinese which has now become a major challenge for the global trade and peace! 

I am sure US and EU will not let it happen! Even Australia is taking a stand against Chinese fire-power nowadays and hence Chinese government has stopped Coal import from Australia. Not less than 60 ships are waiting at an Anchorage point within South China Sea! India and Bangladesh have banned Chinese nationals to fly into their country. The matter will only grow worse! If this continues to happen, I am sure the world will see another world war soon!

A country's potential is largely determined by the number of its inhabitants.  If the country is home to over 1.5 billion people, then there will be a huge number of talented engineers, scientists, inventors and developers among them. 

Don't demonize China.  This state is headed by pragmatists, not fanatics. 

For the Chinese, war is always a strategy, not a tactic.  The Chinese religion is Buddhism. 

They are aimed at expansion, but this will be a very slow expansion.  If this is a war, then it will be a sluggish, positional war, not a blitzkrieg.

You right, China have a very good system o let must more talanded and educated people to rule the country. For example, mayors of a city must learn ecomony, management and simtimes engeneering or politics completle ended educations for manage the city, So he must learn up to 12 years.

Even Elon Musk said, that for him was very easy or much more easy to find understanding with politicians and managers in China than in US.
He said, that they completly understand all of him. But he can`t find understanding with US govenment (including problem of AI), he even tryed to convice US governors on the Governor Confenece. Than he Mask said about: "no one listening me."
Post
Topic
Board Economics
Re: China to overtake the Us as the largest global economy by 2028?
by
create_crypto
on 02/01/2021, 13:53:51 UTC
I thought China has already overtaken the US this year, or was that just projection? I thought US gdp was around $24tr and China around $28tr or something similar (but with the 4tr+ difference).

I've seen many notable projections also about China and Russia no longer being countries by 2028 (eg splitting due to war or civil differences) which is something I think we'll see a large pressure on a split at some point (especially in china).

You right, it is already happened last 2 years. They leading now by GDP by PPP more than 18% already.

https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locations=CN-US
Post
Topic
Board Economics
Re: China Economy Forecasted to Surpass US Economy by 2028
by
create_crypto
on 02/01/2021, 13:45:52 UTC
This competition may go on for America-China, but statistics has always shown China leading. The economy already has over 1 billion population to take care as against over 300 million population of America. For the past 4 years that US has relax the funding and involvement in international projects, China has done more. They got more reserve of Cryptocurrency, Gold and even US currency.

Totally agree, And we can compare China and US by a lot of indexies.

So China is now world leading country in production:
- Autos and Engines.
- New buildings.
- Production of cement for construction.
- Amount of road surface.
- Amount of highways.
- Length of railways.
Post
Topic
Board Economics
Re: China Economy Forecasted to Surpass US Economy by 2028
by
create_crypto
on 02/01/2021, 13:32:25 UTC
That manpower is also the cheapest as far as I know, not to mention the money trap that China puts other small countries in to create a new Silkroad. But, China beating US when it comes to economy is still a dream to be fair, the economy of China is exclusive and most of their wealth is invested in real estate bubble that does not pop because they have exclusive economy.

That is simply not true. Manpower in China used to be cheap, but that was one or two decades ago. The wages have risen to such a level that they are now 2-3 times higher than the comparable salaries in countries such as India and Indonesia. On top of that, they are now getting strict with environmental and other regulations. Lax regulations attracted a lot of investment earlier.
If you compare the salaries of US citizen with Chinese citizen then you can see huge difference in the minimum wages.Of course US doesn't have huge amount as minimum wage but still they are far like 10 or more times than average pay in those countries you mentioned. What China did is created more employment with very low pay so everyone can work which will help their government to become better in economy as well.

Last years chinese salaries grown very much. And they are already on 30-40% more than, for example, most of old comunists USSR countries, like Russia or Ukraine. Avarage in China is 14.294 $ (yearly)

https://tradingeconomics.com/china/wages

And we have a median salary in USA - 35.977 $ (yearly)

https://en.wikipedia.org/wiki/Personal_income_in_the_United_States#:~:text=The%20Bureau%20of%20Labor%20Statistics,sex%2C%20ethnicity%20and%20educational%20characteristics.

But in China we have also much less prices for living, buildng homes, services, etc. If we include that factor from GDP by PPP, we can see that on the same 1 dollar in USA you have a 1,72 dollars in China buying power.
So we can see that is not big gap in final income and wealth -
14.294 $ * 1,72 = 24.585 $
24.585 $ vs 35.977 $ = US salary more on 46%

If we compare just pure numbers:
14.294 $ vs 35.977 $ = Us salary more just on 151%

And that`s why last 6-8 years most of companies oppening their new factories not in China but in Bangladesh, Vietnam and India. Because Chinese salaries already not little as it was 20 years ago, for example.
Post
Topic
Board Economics
Re: China Economy Forecasted to Surpass US Economy by 2028
by
create_crypto
on 02/01/2021, 12:57:54 UTC
In my opinion it's a bit utopic to expect China to be the largest economy in the world in less than 10 years. We shouldn't forget that China is a communist country with no free rights for their population. So at the moment the world is not reacting to it as there are more concerning problems like covid pandemic. In my opinion the pressure against China will pick up in the next years probably hurting Chinese growth rates.

By the political system - yes, communists, that mean no elections, just one real party ruling. But by economy - they have a completly capitalists country with protection of rights of ownership, freedom to enterprinership. That is the main difference between traditional communists countries like old-USSR country.

Also we can look for Syngapour, country, that also have not democracy very long tome, it is ruled by autocratic regime, and they begin to one of the richest ecomonies of the world.
Post
Topic
Board Economics
Re: China Economy Forecasted to Surpass US Economy by 2028
by
create_crypto
on 02/01/2021, 11:24:01 UTC
Quote
The Chinese economy is expected to surpass that of the U.S. in 2028 - five years earlier than previously forecast - following fallout from the coronavirus pandemic, according to an analysis released Saturday.

Source:  https://www.msn.com/en-us/news/world/china-expected-to-surpass-us-economy-in-2028-analysis/

As stated, this is 5 years earlier than last projected, due to the effects of the pandemic. The US is not going to like being in the number two spot, and even less when India’s economy then surpasses the US after that. The biggest benefit to this massive Asian economies is the sheer number of people. The United States’ best hope of competing is to increase the number of Americans and, and quickly.

The US should be drastically overhauling the skilled worker visa program to greatly increase the number of tech workers brought into the country so that the next tech mega companies are created here, and not in Asia. This is should be viewed as an area of national security. Larger militaries inevitably follow larger economies, and the US can not afford to squander the advantages while they still have them.

If we will take a look about GDP by PPP, it is alredy happened 2 years ago, and now Chinese GDP more than 23.5 trillions:

https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locations=CN

Than, US GDP less than Chinese at 18%

https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locations=CN-US
Post
Topic
Board Economics
Re: How will financial crisis affect crypto?
by
create_crypto
on 02/01/2021, 11:10:49 UTC
Here what I found styding bitcoin corellation with gold:

- Bitcoin returns have an asymmetric response to market shocks, which is of the same direction as for major precious metals like siver etc.

- Bitcoin correlations behave completely different from Gold, in particular in market distress.

- Bitcoin is not so stable in price like gold. It is very diffucult for gold been so volatile like bitcoin.

- Bitcoin as an asset does not resemble any other conventional asset from an econometric perspective.