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Re: [ BOUNTY ] SWIPE - Monetizing mobile engagement data - (tokens = $350k USD)
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Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1372055
Joined Twitter Campaign
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https://reddit.com/user/deonyx1
Swipe campaign Week 8 (19-25/08)Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1372055
Joined Twitter Campaign
https://twitter.com/techdeonyx
Joined Reddit campaign
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Reddit campaign
New posts
1. https://www.reddit.com/r/swipecrypto/comments/9a1odn/data_is_the_new_oil_of_digital_economy/?utm_source=reddit-android
2. https://www.reddit.com/r/swipecrypto/comments/9a58jt/the_importance_of_swipe_network_on_blockchain/?utm_source=reddit-android
3. https://www.reddit.com/r/swipecrypto/comments/9a5cih/strategic_partnership_swipe_and_media_protocol/?utm_source=reddit-android
4. https://www.reddit.com/r/swipecrypto/comments/9a5e79/we_can_see_the_beauty_of_blockchain_through_swipe/?utm_source=reddit-android
5. https://www.reddit.com/r/swipecrypto/comments/9a5ruq/stay_updated_best_way_to_interact_with_the_swipe/?utm_source=reddit-android
Comments
1. https://www.reddit.com/r/swipecrypto/comments/99um81/introducing_rebecca_swipes_newest_team_member_and/e4s3sjo?utm_source=reddit-android
2. https://www.reddit.com/r/swipecrypto/comments/99uopn/how_swipe_can_sole_data_trust/e4s43pq?utm_source=reddit-android
3. https://www.reddit.com/r/swipecrypto/comments/9a4fwo/swipe_data_monetization/e4stnmn?utm_source=reddit-android
4. https://www.reddit.com/r/swipecrypto/comments/99v6o9/biweekly_updates_for_swipe_is_here_again/e4strgx?utm_source=reddit-android
5. https://www.reddit.com/r/swipecrypto/comments/9a4itl/how_blockchain_technology_is_making_data/e4stw72?utm_source=reddit-android
6. https://www.reddit.com/r/swipecrypto/comments/9a4ham/swipe_biweekly_update_13th_24th_august/e4su8np?utm_source=reddit-android
7. https://www.reddit.com/r/swipecrypto/comments/98qeyt/rswipecrypto/e4suk09?utm_source=reddit-android
8. https://www.reddit.com/r/swipecrypto/comments/9a58jt/the_importance_of_swipe_network_on_blockchain/e4sufyk?utm_source=reddit-android
9. https://www.reddit.com/r/swipecrypto/comments/9a4cvd/value_propositions/e4swn98?utm_source=reddit-android
10. https://www.reddit.com/r/swipecrypto/comments/99x7uy/swipe_token_ico_blockchain_mobile_app_crypto/e4swu6u?utm_source=reddit-android
11. https://www.reddit.com/r/swipecrypto/comments/9a7r1g/survive_financial_uncertainty_in_the_cryptosphere/e4tu4f3?utm_source=reddit-android
12. https://www.reddit.com/r/swipecrypto/comments/9a6j06/swipe_the_next_big_data_guy/e4tuepq?utm_source=reddit-android
13. https://www.reddit.com/r/swipecrypto/comments/99z8ik/swipe_network_incentivizes_users_to_share_their/e4tw41e?utm_source=reddit-android
14. https://www.reddit.com/r/swipecrypto/comments/99uqkf/swipe_network/e4twbz0?utm_source=reddit-android
15. https://www.reddit.com/r/swipecrypto/comments/99kcnh/how_swipe_plans_to_solve_the_prevalent_issues_of/e4twoo2?utm_source=reddit-android
Twitter Campaign
Likes&Retweet
1. https://twitter.com/swipecrypto/status/1032485373786521602?s=19
2. https://twitter.com/swipecrypto/status/998118273467088897?s=19
3. https://twitter.com/swipecrypto/status/1030804110528798720?s=19
4. https://twitter.com/swipecrypto/status/1032881892196904960?s=19
5. https://twitter.com/swipecrypto/status/1031512277827051520?s=19
Reddit campaign
New posts
1. https://www.reddit.com/r/swipecrypto/comments/9aenio/a_decentralized_mobile_data_platform_swipe/?utm_source=reddit-android
2. https://www.reddit.com/r/swipecrypto/comments/9aeobu/incentivized_data_security_system_swipe/?utm_source=reddit-android
3. https://www.reddit.com/r/swipecrypto/comments/9awfkq/lack_of_trust_among_the_centralized_models_that/?utm_source=reddit-android
4. https://www.reddit.com/r/swipecrypto/comments/9axl5n/swipe_network_the_solution_to_data_leakage/?utm_source=reddit-android
Comments
1. https://www.reddit.com/r/swipecrypto/comments/9a7q5w/swipe_monetizing_mobile_engagement_data/e4uwnn7?utm_source=reddit-android
2. https://www.reddit.com/r/swipecrypto/comments/9a7xnx/swipe_biweekly_update_13th_24th_august/e4uwqpx?utm_source=reddit-android
3. https://www.reddit.com/r/swipecrypto/comments/9a6l4t/swipe_team_is_made_up_of_many_talented_individuals/e4uwwgc?utm_source=reddit-android
Twitter Campaign
Likes&Retweet
Likes&Retweet
1. https://twitter.com/swipecrypto/status/1029983410113007616?s=19
2. https://twitter.com/swipecrypto/status/1029290220770869249?s=19
3. https://twitter.com/swipecrypto/status/1028900171474558976?s=19
Twitter Campaign
Likes&Retweet
1. https://twitter.com/swipecrypto/status/1037911751155544064?s=19
2. https://twitter.com/swipecrypto/status/1034700503702155266?s=19
3. https://twitter.com/swipecrypto/status/1028527988046888960?s=19
In addition to activity, everyone now has a merit score, and you need both a certain activity level and a certain merit score in order to reach higher member ranks. The required scores are:
You get merit points when someone sends you some for one of your posts. Additionally, when someone sends you merit points, half of those points can be sent by you to other people.
Certain users are designated as "merit sources". They can create new merit out of nothing, up to a limited number per month (which differs per source). I will not be posting a definitive list of merit sources (so that people don't bug them too much), though you'll soon figure out who they are if you pay attention.
There is currently no such thing as a "demerit". I'm hoping that the positive merits alone will be fine. I could add demerits pretty easily later on if necessary, though.
I'm hoping that this system will increase post quality by:
- Forcing people to post high-quality stuff in order to rank up. If you just post garbage, you will never get even 1 merit point, and you will therefore never be able to put links in your signature, etc.
- Highlighting good posts with the "Merited by" line.
While we will not be directly moderating this, I encourage people to give merit to posts that are objectively high-quality, not just posts that you agree with.
Do not beg for merit excessively.
Useful infographics
Forum users have helpfully created some infographics to explain the merit system:
paxmao's infographic
ibminer's infographic
8Habits's infographic
JetSet11's infographic
zentdex's infographic
alia_armelle's infographic
If you want to be a merit source:
1. Be a somewhat established member.
2. Collect TEN posts written in the last couple of months by other people that have not received nearly enough merit for how good they are, and post quotes for them all in a new Meta thread. The point of this is to demonstrate your ability to give out merit usefully.
3. We will take a look at your history and maybe make you a source.
I am especially eager to have merit sources in sub-communities such as the local sections.
Trivia:
For current members, your initial merit score is equal to the minimum required to your rank. Of that, a certain amount (less than the usual half) is spendable. The spendable amount was calculated based on your current rank and the number of activity points you earned in the last year. A Legendary member who hasn't posted in the last year would still be Legendary, but would not have any spendable merit.
If someone sends you 1 merit, the 0.5 sMerit is not wasted; it is just not shown until you get another merit point.
There are stats here, and you can find someone's merit summary by clicking the "merit" link on their profile.
| Rank | Required activity | Required merit |
| Brand new | 0 | 0 |
| Newbie | 1 | 0 |
| Jr Member | 30 | 0 |
| Member | 60 | 10 |
| Full Member | 120 | 100 |
| Sr. Member | 240 | 250 |
| Hero Member | 480 | 500 |
| Legendary | Random in the range 775-1030 | 1000 |
You get merit points when someone sends you some for one of your posts. Additionally, when someone sends you merit points, half of those points can be sent by you to other people.
Certain users are designated as "merit sources". They can create new merit out of nothing, up to a limited number per month (which differs per source). I will not be posting a definitive list of merit sources (so that people don't bug them too much), though you'll soon figure out who they are if you pay attention.
There is currently no such thing as a "demerit". I'm hoping that the positive merits alone will be fine. I could add demerits pretty easily later on if necessary, though.
I'm hoping that this system will increase post quality by:
- Forcing people to post high-quality stuff in order to rank up. If you just post garbage, you will never get even 1 merit point, and you will therefore never be able to put links in your signature, etc.
- Highlighting good posts with the "Merited by" line.
While we will not be directly moderating this, I encourage people to give merit to posts that are objectively high-quality, not just posts that you agree with.
Do not beg for merit excessively.
Useful infographics
Forum users have helpfully created some infographics to explain the merit system:
paxmao's infographic
ibminer's infographic
8Habits's infographic
JetSet11's infographic
zentdex's infographic
alia_armelle's infographic
If you want to be a merit source:
1. Be a somewhat established member.
2. Collect TEN posts written in the last couple of months by other people that have not received nearly enough merit for how good they are, and post quotes for them all in a new Meta thread. The point of this is to demonstrate your ability to give out merit usefully.
3. We will take a look at your history and maybe make you a source.
I am especially eager to have merit sources in sub-communities such as the local sections.
Trivia:
For current members, your initial merit score is equal to the minimum required to your rank. Of that, a certain amount (less than the usual half) is spendable. The spendable amount was calculated based on your current rank and the number of activity points you earned in the last year. A Legendary member who hasn't posted in the last year would still be Legendary, but would not have any spendable merit.
If someone sends you 1 merit, the 0.5 sMerit is not wasted; it is just not shown until you get another merit point.
There are stats here, and you can find someone's merit summary by clicking the "merit" link on their profile.
I've been thinking about this, I didn't really want to make a new thread about it, but commenting on a post already discussing about merit in detail is fine
The merit system introduced into the forum is good and lovely and my thoughts is there could be a time where merit would translate to a BTT token and could be withdrawable as crypto coin, and if that happens then those that thought that writing just a spam post on the forum is good would then start struggling to earn token or buy with their BTC.
This is crypto community and a top one at that... Just my thoughts though, I may be wrong.
Re: "Don't invest more than you can afford to lose", meaning explained!
Hi everyone,
I wish to explain what this statement actually means and how important it is to everyone.
The first time I came in contact with it, it was like a turn off to me, but later I understood it and why it stands that way. But to some it presents a negative attraction to them. Human beings like to do what they are told not to do because they thought it was good that's why you are trying to prevent them from doing it, but this is not the same with this.
Now this idea helps isolate your mind from unnecessary worries after you have invested your money, and enables you to make intelligent decisions especially during the bear market. Particularly the day traders find it very useful daily, and of course for long term holds. The thought will give you the mind to hold your coins till profit and prevent you from selling at loss.
It does not mean in any way that you will lose the amount you are investing, but also if it happens you will not need to commit suicide because it happened. This is a preventive measure to save your heart from unexpected occurrences should it happen.
In actual sense, "Don't invest more than you can afford to lose" only helps you not to lose your money finally.
Remember that intelligent trading decisions cannot be made effectively with your emotions active, so avoid trading with high emotions.
Happy trading guys
I wish to explain what this statement actually means and how important it is to everyone.
The first time I came in contact with it, it was like a turn off to me, but later I understood it and why it stands that way. But to some it presents a negative attraction to them. Human beings like to do what they are told not to do because they thought it was good that's why you are trying to prevent them from doing it, but this is not the same with this.
Now this idea helps isolate your mind from unnecessary worries after you have invested your money, and enables you to make intelligent decisions especially during the bear market. Particularly the day traders find it very useful daily, and of course for long term holds. The thought will give you the mind to hold your coins till profit and prevent you from selling at loss.
It does not mean in any way that you will lose the amount you are investing, but also if it happens you will not need to commit suicide because it happened. This is a preventive measure to save your heart from unexpected occurrences should it happen.
In actual sense, "Don't invest more than you can afford to lose" only helps you not to lose your money finally.
Remember that intelligent trading decisions cannot be made effectively with your emotions active, so avoid trading with high emotions.
Happy trading guys
That is the basic rules we should know and follow when decides to replace our money into market with investment method. Most of us only see the profit and ignore the risk, using this guide will minimize our risk from bigger lost. Profit is good but break this one will make you bankrupt. Thank you for your post and see you next time.
You are right herurist, and that's exactly the case with majority traders in the market, being only focused on their gain and totally ignoring the the basic rules and then finding it hard to cope with the market after the mistake is made and they keep questioning and blaming the market
Re: "Don't invest more than you can afford to lose", meaning explained!
It definitely applies to all people calling themselves traders, but not so much (at least in my opinion) to people investing in Bitcoin for the very long term, because as long as you don't sell your coins you won't lose anything.
Losses on paper are part of every form of investment and should always be disregarded. In the same way profits on paper doesn't mean you actually made any profit, because you only profit when you sell your coins at a higher price.
You got the trading part right, but maybe it's a good idea to include in OP that you as investor only lose when you sell at a lower price, because trading and longer term investing is not exactly the same.
Thank you BitHodler for buttressing that point, you have made it even clearer to understand and thanks for your kindness, I appreciate Losses on paper are part of every form of investment and should always be disregarded. In the same way profits on paper doesn't mean you actually made any profit, because you only profit when you sell your coins at a higher price.
You got the trading part right, but maybe it's a good idea to include in OP that you as investor only lose when you sell at a lower price, because trading and longer term investing is not exactly the same.
Yes, this is a wise move. Everyone should have invested the amount that he is willing to lose. Of course, no one likes losses, especially so devastating, but right now, this is a great time to experiment a bit, or simply put your portfolio on a cold wallet. The bear market can stay here for a while and looking at these prices will not make you happy (if you are not buying, of course 
). Give it some time and things can turn around in a surprising way.
Yes exactly, you got my point, and if one is not buying at the moment he should take a break but not necessarily selling out his portfolio because he is pissed with the market but with patience. ). Give it some time and things can turn around in a surprising way.Just like what you mentioned about investing amount one is willing to lose, there is a thread I opened to explain it in detail you can take a look and add to it here: https://bitcointalk.org/index.php?topic=4931142.msg44430837#msg44430837
"Don't invest more than you can afford to lose", meaning explained!
⭐ Merited by BitHodler (1)
Hi everyone,
I wish to explain what this statement actually means and how important it is to everyone.
The first time I came in contact with it, it was like a turn off to me, but later I understood it and why it stands that way. But to some it presents a negative attraction to them. Human beings like to do what they are told not to do because they thought it was good that's why you are trying to prevent them from doing it, but this is not the same with this.
Now this idea helps isolate your mind from unnecessary worries after you have invested your money, and enables you to make intelligent decisions especially during the bear market. Particularly the day traders find it very useful daily, and of course for long term holds. The thought will give you the mind to hold your coins till profit and prevent you from selling at loss.
It does not mean in any way that you will lose the amount you are investing, but also if it happens you will not need to commit suicide because it happened. This is a preventive measure to save your heart from unexpected occurrences should it happen.
In actual sense, "Don't invest more than you can afford to lose" only helps you not to lose your money finally.
Remember that intelligent trading decisions cannot be made effectively with your emotions active, so avoid trading with high emotions.
Happy trading guys
I wish to explain what this statement actually means and how important it is to everyone.
The first time I came in contact with it, it was like a turn off to me, but later I understood it and why it stands that way. But to some it presents a negative attraction to them. Human beings like to do what they are told not to do because they thought it was good that's why you are trying to prevent them from doing it, but this is not the same with this.
Now this idea helps isolate your mind from unnecessary worries after you have invested your money, and enables you to make intelligent decisions especially during the bear market. Particularly the day traders find it very useful daily, and of course for long term holds. The thought will give you the mind to hold your coins till profit and prevent you from selling at loss.
It does not mean in any way that you will lose the amount you are investing, but also if it happens you will not need to commit suicide because it happened. This is a preventive measure to save your heart from unexpected occurrences should it happen.
In actual sense, "Don't invest more than you can afford to lose" only helps you not to lose your money finally.
Remember that intelligent trading decisions cannot be made effectively with your emotions active, so avoid trading with high emotions.
Happy trading guys
I do not understand what happened to some altcoins, I know that when correction, red altcoin dominates the crypto market.
but when the bitcoin correction, there is still altcoin that has increased and rises significantly.
what factors make altcoin rise when bitcoin falls?
share your knowledge with me!
I see a lot of people ask this question, but the common reason here is more of human factors, remember it's real people that trade cryptocurrency, even when robots trade they are simply made to imitate humans and do exactly what humans should do while trading. So the common thing that happen is when Bitcoin price starts sliding down, people tend to move their coins from BTC to USDT and to Altcoins to make room for purchases when it starts recovering upward and thereby making Altcoins to move up, same thing happens when BTC begins to move forward, people sell their Alts to buy BTC and Alts price moves downwards the morebut when the bitcoin correction, there is still altcoin that has increased and rises significantly.
what factors make altcoin rise when bitcoin falls?
share your knowledge with me!
you are a bag holder and you are encouraging others to make the same mistakes as you and become a bag holder! this is wrong. you should never do that. it is like going to the beach with a bucket and creating a "portfolio" of grains of sands from different beaches thinking if you hold on to them they will be worth a lot some day! but the difference is that you get sand for free but you spend your money and possibly your time on these useless coins you are bag holding but the result is the same, they don't have any value specially in long term.
You have completely misunderstood the post, I was in no way encouraging anyone to hold any useless coins, remember I didn't even mention any token name, and what you call shiit coin may obviously not be shiit coin to another person, I was talking about in a general term if you feel that your present portfolio is low in value due to the present market conditions that you should not sell them for a penny because you felt like quitting crypto.
It's no longer news to say that some wish to quit crypto or that some are at the verge of doing so, but is that really the right thing to do? Well we can't possibly say because we may not tell their pains.
But if you must quit cryptocurrency, there is just a best way to do it and still keep high with good smiles afterwards.
Different reasons might have prompted anyone to consider quitting, ranging from market difficulties to personal mistakes during trading or for some that were scammed and feel like a lot has been lost and may not wish to continue.
Whatever the reasons are, I would just tell you that if you must quit, Don't sell off your portfolio because you want to quit, rather Take a Note pad, write your passwords and personal details in a way that would be readable to you or anyone else in 10 year or more from now, so that when those coins you think are just shiit coins today finally gain weight, you wouldn't have any reason to cry again.
I have lots of them too, from ICOs to bounty program and airdrops, but instead of quitting, I would rather take a holiday or consider another skill for few years and come back to Crypto to reap the fruit of my labour.
Remember the history of Bitcoin from the beginning, don't be force to sell your portfolio because of the harsh bear market. Whatever that's hot now will definitely be cold again and harvest won't be far anymore.
But if you must quit cryptocurrency, there is just a best way to do it and still keep high with good smiles afterwards.
Different reasons might have prompted anyone to consider quitting, ranging from market difficulties to personal mistakes during trading or for some that were scammed and feel like a lot has been lost and may not wish to continue.
Whatever the reasons are, I would just tell you that if you must quit, Don't sell off your portfolio because you want to quit, rather Take a Note pad, write your passwords and personal details in a way that would be readable to you or anyone else in 10 year or more from now, so that when those coins you think are just shiit coins today finally gain weight, you wouldn't have any reason to cry again.
I have lots of them too, from ICOs to bounty program and airdrops, but instead of quitting, I would rather take a holiday or consider another skill for few years and come back to Crypto to reap the fruit of my labour.
Remember the history of Bitcoin from the beginning, don't be force to sell your portfolio because of the harsh bear market. Whatever that's hot now will definitely be cold again and harvest won't be far anymore.
The market has been down for too long. Do you feel like quitting cryto because you ve lost much?
For me, am a die hard fan of crypto. I will be a coward if i run away. I will stay till the green light shows. What about you?
For me, am a die hard fan of crypto. I will be a coward if i run away. I will stay till the green light shows. What about you?
I have been to this field for so long. I got my first coins in 2012. And I've been through the great correction o 2014-16, when the exchange rates went down continuously for almost two years. The present correction phase looks mild when I compare it with that of 2014-16.
Every time it looks like it's near a reversal for good, it suddenly turns back and continues its down trend again, I don't want to quit but every thing seems like I should but I wouldn't, I've come a long way, I strongly believe that it's not an end to Crypto, it's just a harsh market period and would definitely recover in no distance time.
Trading is an art and those that mastered the art played better even when it's raining. Crypto trading is not different either, but when the market is down we tend to forget all the formula we know and quickly get absorbed into the situation, the same happens when the market is going up, we clap and forget to take actions and eventually see the opposite happening.
However, we can do better and survive even when the market is bad.
To take profits or cut out loses is very important strategy in crypto trading, and I will describe few ways you can achieve this without feeling the heat of the market.
Depending on your style of trading whether long term or short term but when situations present itself I would advice that you combine the two methods and get the best out of the market.
How to handle cutting out losses
Using Enigma (ENG) as a case study. At the time of writing this post, Enigma (ENG) is at 10600 sat on Bittrex and 10634 on Binance exchange, let's assume you have invested $1000 and bought it 3 days ago when it was at good buy around 12546 sat giving you a total coin of 1245 ENG. It has only went up only a few percent and its possible that you didn't sell before it reversed, as at now it has dropped 15.51% lower, but assuming you are close to your trade when it was dropping, you could place your stop loss at 5% below your buy order and cut out loss at around 11900 sat or abruptly sell out at 11400 sat when the EMA crossed the SMA curves and started with sharp move downward.
If you did any of these I described above, the next question is what should you do with the money you sold since you are still at loss if you just walk away like that. Then the best thing to do is to reinvest back into the same coin by taking a watch at the market and buying back at much lower position when the EMA curve crosses the SMA again, with this buying around 10600 sat or below can give you around 1340 ENG which is higher than 1245 ENG you initially had, and the good thing is you are still back in the market. You should be sure to sell when you are at profit around 10% upward is better than none since 100% is very hard to come by this days unless you want to wait a longer time which is why I said you should learn to combine short term and long term together for optimal profit.
Alternatively, you can have patience and wait for full recovery but whichever one it is, avoid selling your coin at the bottom or middle of red candle which is a possible place to even place a buy order. Always look at your indicators it can be helpful.
For Taking Profit when the market is up you can just determine how many percentage profit you want and set your sell order, still watch the market and assuming that first target is not realizable before downward move, you can sell at comfortable profit and buy again at lower position.
I hope this helps anyone because the market is really not very favorable as it used to be.
Please note it's better to wait for market full recovery than following this method unless you are willing to give it what it takes and most importantly do not use this method under pressure or with your emotions as it can be very destructive if it is not handled with care.
Happy trading guys
To be able to survive in the bear market, in my experience it can be seen that in order to successfully trade and reduce risk and loss, before any transaction you need to have a clear plan, You may find that bitcoin prices are constantly decreasing and this has made altcoin a very profound reduction. So let's just trade the bitcoin at this point.However, we can do better and survive even when the market is bad.
To take profits or cut out loses is very important strategy in crypto trading, and I will describe few ways you can achieve this without feeling the heat of the market.
Depending on your style of trading whether long term or short term but when situations present itself I would advice that you combine the two methods and get the best out of the market.
How to handle cutting out losses
Using Enigma (ENG) as a case study. At the time of writing this post, Enigma (ENG) is at 10600 sat on Bittrex and 10634 on Binance exchange, let's assume you have invested $1000 and bought it 3 days ago when it was at good buy around 12546 sat giving you a total coin of 1245 ENG. It has only went up only a few percent and its possible that you didn't sell before it reversed, as at now it has dropped 15.51% lower, but assuming you are close to your trade when it was dropping, you could place your stop loss at 5% below your buy order and cut out loss at around 11900 sat or abruptly sell out at 11400 sat when the EMA crossed the SMA curves and started with sharp move downward.
If you did any of these I described above, the next question is what should you do with the money you sold since you are still at loss if you just walk away like that. Then the best thing to do is to reinvest back into the same coin by taking a watch at the market and buying back at much lower position when the EMA curve crosses the SMA again, with this buying around 10600 sat or below can give you around 1340 ENG which is higher than 1245 ENG you initially had, and the good thing is you are still back in the market. You should be sure to sell when you are at profit around 10% upward is better than none since 100% is very hard to come by this days unless you want to wait a longer time which is why I said you should learn to combine short term and long term together for optimal profit.
Alternatively, you can have patience and wait for full recovery but whichever one it is, avoid selling your coin at the bottom or middle of red candle which is a possible place to even place a buy order. Always look at your indicators it can be helpful.
For Taking Profit when the market is up you can just determine how many percentage profit you want and set your sell order, still watch the market and assuming that first target is not realizable before downward move, you can sell at comfortable profit and buy again at lower position.
I hope this helps anyone because the market is really not very favorable as it used to be.
Please note it's better to wait for market full recovery than following this method unless you are willing to give it what it takes and most importantly do not use this method under pressure or with your emotions as it can be very destructive if it is not handled with care.
Happy trading guys
Very Well said, having a good plan is very important and should be the starting point but it does not override the occurrence of the beer market which is why I described the nature of the downtrend and a possible way to maneuver and still make profit within it, that's if you don't feel that waiting for full recovery would be good for you.
My encounter with cryptocurrency and my involvement is of course to make profit and and value to people's life. First it was the technology behind Bitcoin the blockchain that got my attention. Now I'm even more convinced because the blockchain technology is totally real and can be very useful to our lives in general. We seek to enhance people's performance in every activity and business which blockchain is the answer to it, that has really kept me with Crypto.
I wonder why anyone would ever think that Ether is dead, don't forget that situation happens. At the moment things are generally not very good but it's definitely not a dead end, it's normal for market to fluctuate and there lot of factors that influence the market but we can be sure that things will get back into the right shape and we all smile together for the green zones again, just be patient and hopeful.
It's definitely not all Altcoins is made to cover the weakness in Bitcoin, most of them are just profit based and a means of making money either by selling something especially the numerous projects on Ethereum Smart Contract, many of them have no relation to the blockchain development but only appear in the consumer part of the blockchain so it does not help Bitcoin in any ways.
Find out the project that the team want to bring into the crypto market, if the project is not realistic then it's a no go area but if it then also compare possibility factors and look into their approach or road map even some ICO reviews can be helpful in determining if the project is worth investing your money in it.
While trading we have to follow few rules and without following those rules there is no way to be a successful one except a successful by chance. There are lots of rules of them greedy plays a vital role. While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a lessor.
What if you were greedy at that lucky time? 😆You will then make a bigger profit. This is risky, you dont know what you get
sometimes our mind do make the right predictions but you will never know, cause youre afraid. Sometimes its good to believe in what your mind tells you. Since we already know that this is all about risk, the amount you put in does not matter, what matters is if you can be able to bear the loss if it happens. So invest how much you can afford to lose, if it does happen.And the risk of being lucky is more, one you can't depend on it and you can't even teach another person because you don't know exactly what you did that worked though it worked but no chance that it would ever work again even though you will always want to try it again and again even when you lose.
greed is the most fear factor and insecurity feeling in crypto trading we should nt hurry things to happen and feel fearful in investing and selling in loss and holding for long time as well
The more you are in the crypto trading market the more you develop your own style and eventually it could turn out to be the best for you, you can follow rules but developing your own style and trading strategy is the best way to scale through faster and with better profits and less mistakes
⭐ Merited by FlamingFingers (1)
Trading is an art and those that mastered the art played better even when it's raining. Crypto trading is not different either, but when the market is down we tend to forget all the formula we know and quickly get absorbed into the situation, the same happens when the market is going up, we clap and forget to take actions and eventually see the opposite happening.
However, we can do better and survive even when the market is bad.
To take profits or cut out loses is very important strategy in crypto trading, and I will describe few ways you can achieve this without feeling the heat of the market.
Depending on your style of trading whether long term or short term but when situations present itself I would advice that you combine the two methods and get the best out of the market.
How to handle cutting out losses
Using Enigma (ENG) as a case study. At the time of writing this post, Enigma (ENG) is at 10600 sat on Bittrex and 10634 on Binance exchange, let's assume you have invested $1000 and bought it 3 days ago when it was at good buy around 12546 sat giving you a total coin of 1245 ENG. It has only went up only a few percent and its possible that you didn't sell before it reversed, as at now it has dropped 15.51% lower, but assuming you are close to your trade when it was dropping, you could place your stop loss at 5% below your buy order and cut out loss at around 11900 sat or abruptly sell out at 11400 sat when the EMA crossed the SMA curves and started with sharp move downward.
If you did any of these I described above, the next question is what should you do with the money you sold since you are still at loss if you just walk away like that. Then the best thing to do is to reinvest back into the same coin by taking a watch at the market and buying back at much lower position when the EMA curve crosses the SMA again, with this buying around 10600 sat or below can give you around 1340 ENG which is higher than 1245 ENG you initially had, and the good thing is you are still back in the market. You should be sure to sell when you are at profit around 10% upward is better than none since 100% is very hard to come by this days unless you want to wait a longer time which is why I said you should learn to combine short term and long term together for optimal profit.
Alternatively, you can have patience and wait for full recovery but whichever one it is, avoid selling your coin at the bottom or middle of red candle which is a possible place to even place a buy order. Always look at your indicators it can be helpful.
For Taking Profit when the market is up you can just determine how many percentage profit you want and set your sell order, still watch the market and assuming that first target is not realizable before downward move, you can sell at comfortable profit and buy again at lower position.
I hope this helps anyone because the market is really not very favorable as it used to be.
Please note it's better to wait for market full recovery than following this method unless you are willing to give it what it takes and most importantly do not use this method under pressure or with your emotions as it can be very destructive if it is not handled with care.
Happy trading guys
However, we can do better and survive even when the market is bad.
To take profits or cut out loses is very important strategy in crypto trading, and I will describe few ways you can achieve this without feeling the heat of the market.
Depending on your style of trading whether long term or short term but when situations present itself I would advice that you combine the two methods and get the best out of the market.
How to handle cutting out losses
Using Enigma (ENG) as a case study. At the time of writing this post, Enigma (ENG) is at 10600 sat on Bittrex and 10634 on Binance exchange, let's assume you have invested $1000 and bought it 3 days ago when it was at good buy around 12546 sat giving you a total coin of 1245 ENG. It has only went up only a few percent and its possible that you didn't sell before it reversed, as at now it has dropped 15.51% lower, but assuming you are close to your trade when it was dropping, you could place your stop loss at 5% below your buy order and cut out loss at around 11900 sat or abruptly sell out at 11400 sat when the EMA crossed the SMA curves and started with sharp move downward.
If you did any of these I described above, the next question is what should you do with the money you sold since you are still at loss if you just walk away like that. Then the best thing to do is to reinvest back into the same coin by taking a watch at the market and buying back at much lower position when the EMA curve crosses the SMA again, with this buying around 10600 sat or below can give you around 1340 ENG which is higher than 1245 ENG you initially had, and the good thing is you are still back in the market. You should be sure to sell when you are at profit around 10% upward is better than none since 100% is very hard to come by this days unless you want to wait a longer time which is why I said you should learn to combine short term and long term together for optimal profit.
Alternatively, you can have patience and wait for full recovery but whichever one it is, avoid selling your coin at the bottom or middle of red candle which is a possible place to even place a buy order. Always look at your indicators it can be helpful.
For Taking Profit when the market is up you can just determine how many percentage profit you want and set your sell order, still watch the market and assuming that first target is not realizable before downward move, you can sell at comfortable profit and buy again at lower position.
I hope this helps anyone because the market is really not very favorable as it used to be.
Please note it's better to wait for market full recovery than following this method unless you are willing to give it what it takes and most importantly do not use this method under pressure or with your emotions as it can be very destructive if it is not handled with care.
Happy trading guys
There is something that is not all that cleared and its it has being disturbing my mind for so long. Why is it that people differentiate between bounty hunters and those who contributed in projects using their money. Trust me, I see bounty hunter and investors as same because even the bounty hunter you are talking invest time which worths than money in the project and much more. In conclusion, the bounty hunter would do what the investor would do too
You are very correct here, to me I see it as a misplacement of priority to say that bounty hunters have no investment in the project they worked for over 1 month to 6 months as the case may be, that's a pretty long work period to look less value to, the hunters deserve more respect than they have received