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Showing 20 of 810 results by nl247
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Board Speculation
Re: Why bitcoin is falling and when will it end? [ANSWERED]
by
nl247
on 17/08/2019, 07:15:13 UTC
I wasn't expecting the ATH to be overtaken by this year and this is why I'm not surprised with the sliding. Although, it is a kind of correction but I can't say when we are going to see a stop.

We've passed the last high, you should be looking for the next bottom. I call between $1k and $2k.

Really... Roll Eyes If bitcoin gets to that, what do you think of altcoins Huh

No-one would give you a definite answer as to what is going to happen to any market. Either two things for Bitcoin right now;
1. We have switched to a long term uptrend and right now some little correction which should give us a higher low when the correction completes
2. This is just a bull trap and we could still have more downside. However, this should be glaring based on certain psychological supports leading to a lower low, but a good time to load up more.

As for altcoins, we all know the answer to your question. Some are already dead as at now, more would die and basically for the altcoins with no usefulness, which most of them are, death is inevitable anyway.
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Topic
Board Trading Discussion
Re: If you're ~15% in the red, is it crazy to sell?
by
nl247
on 22/12/2018, 13:33:35 UTC
Percentage should not determine why we should sell or hold.  Remember that those that are patient will make good profits in this market.  Trading is a game and you need to plan and know how long you can hold before investing your hard earned money.
Planning! That is the best word for it. A lot of people that want to take advantage of the market fluctuation enter it the same way of gambling, and if you do that, you are simply exposing yourself to a huge risk as a trader. Without a trading plan and strategy, it is just plain simple, you are gambling and the outcome is always horrific. Making profit in the market is one thing that has to do with your level of anticipation, knowing what to look out for before you anticipate, and having in mind where you want to be stopping loss based on your reward to risk ratio. All those put together coupled with other few things, makes up a plan.
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Topic
Board Trading Discussion
Re: Funny Movie About Crypto Traders
by
nl247
on 21/12/2018, 13:48:06 UTC
Hahahahaha! Extremely funny. I can imagine what would be running through the guy's head at the point when the lady was trying to distract him, and I am sure he is pretty much just figuring out what is going out on the charts at that moment. Life as a trader is not an easy thing, as you really need a lot of concentration making plans, but like the video said, we are basically in it for them, but that does not mean you should not always find a time for your woman or man as the case may be anyway.
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Board Speculation
Re: Bitcoin - reason for long term invest
by
nl247
on 21/12/2018, 09:58:34 UTC
Maybe you should try to do some research and make that decision on your own. From your research obviously, you will find out the reason why you should actually be investing in the long term or not. First and foremost, there is a lot of handwriting on the wall for everyone, and when it comes to a market that is new and evolving into a better one every day, I guess one way or the other, you will get to find your question answered as the case may be.
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Topic
Board Economics
Re: Bitcoin price predictions from Twitter 5 years from now
by
nl247
on 21/12/2018, 07:43:45 UTC
Bobby Lee's bitcoin price prediction has made my heart calm, and no longer worried about the FUD news being reported by the media and frightening me, sometimes wary people don't believe this and need proof, but I think this can be an encouragement to continue working in cryptocurrency.
Oh! So your heart was in great turmoil before? Bobby is not some soothsayer who can see what the future holds exactly, as he is simply using past moves to judge the future. He may end up right or not, but one thing for sure is that the market is still in a long term uptrend. Where it bottoms out or how far it goes when the bull kicks in is something I would rather leave for time and trend to tell. Working around some predictions now is not something realistic, market will do whatever it pleases to do, but there is no need not to be calm, it is a new market, it is growing everyday and there is more development kicking in which all points to one thing, it will still be long term bullish after all.
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Topic
Board Speculation (Altcoins)
Re: It is right to come back?
by
nl247
on 20/12/2018, 17:27:08 UTC
What I see right now is a market that is doing a short term relief rally, nothing can be said for now if the market has completely ended its downtrend until we basically see it starting a proper new trend, so all we have to do now is wait and see how the trend is actually going to be working out. Nonetheless, if you cannot trade the market, once the market drops lower, just see it as an avenue to buy more. Market trend will always change one way or the other, and that is one way to stay optimistic.
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Topic
Board Trading Discussion
Re: Don't love any Alt coins.
by
nl247
on 20/12/2018, 10:58:53 UTC
I guess this is something we have really mentioned several times in this space about altcoins, as they are the most volatile of all when it comes to long term hold, and simply you really do not want to be putting much of your hopes in them, because they are always known to end up hitting back on their historical support in the long run anyway. Nonetheless, that does not mean, they still cannot end up recovering, as that is some normal thing in most markets, but you just have to know how you want to be handling yourself in most cases, that is all.
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Topic
Board Speculation
Re: Is Bitcoin going to be the best hedge in the upcoming financial crisis?
by
nl247
on 20/12/2018, 07:28:22 UTC
Normally, when there is economic or financial crisis, it is a normal thing to see people trying to find a space they can easily get into to hedge their funds, and basically, I would not be surprised to see this as a space a lot of people will want to get into for that reason. However, we still have to understand that this is a new market, so we just have to wait to see how the reaction would be like, but there are so many other ways to hedge, it just depends on which is readily available the most anyway.
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Topic
Board Economics
Re: On stablecoins
by
nl247
on 19/12/2018, 17:26:29 UTC
There is obviously no doubt about it that stable coins are incomparable to bitcoin as they are not even cryptocurrency in the first place. So in a way, it is more like just trying to compare fiat and bitcoin as you have said or centralization and decentralization respectively. Left for me, I feel there is really no point having them in the first place, and somehow would be more detrimental in the long run but it is what it is.
The only advantage I see with them now is just the ability to hedge crypto funds, and is it not even a lot better and more relieving to do that with real fiat? Till now, I still try to want to wrap my head around their usefulness since exchanges could just list fiats instead with regulation.
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Topic
Board Trading Discussion
Re: Trading is a zero sum game.
by
nl247
on 19/12/2018, 11:42:15 UTC
Well, in a lot of ways, you are right, but that depends on how you approach trading anyway. If you approach it as a pure gambling then you will expect to see it act that way based on the decisions you will be making, but if you see it as something you have to do right, you sure will have a good plan to always do things right as long as you know what you are doing. We are all trying to anticipate movement in the market as retail traders, and the earlier you get used to that, and know how you can handle yourself as a trader with a good plan, the better for you as a person.
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Topic
Board Speculation
Re: Do you think Bitcoin price will bottom out at $3000?
by
nl247
on 19/12/2018, 10:42:52 UTC
Small problem using market cap as any type of psychological barrier.

1 - market cap is horse shit.

2 - nearly half of that figure is made up of wretched shitcoins.

I don't think we're going to get a crypto spring until plenty more shit is flushed away. That means a market cap considerably lower than where it is at present.
Oh! I can't wait to see a lot of them get flushed down the drain as shit as they are. For now, I still feel we have not even reached the capitulation spot, as there could be more bearish conditions to come, but that is pretty much left for time to tell, and it would probably be at this point, that we will get to see so many of these altcoins take the death lane. I really just pity those who are busy holding some shit coins for quantity sake for the sake of some huge wealth in the long run.
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Topic
Board Altcoin Discussion
Re: Where is the direction of the cryptocurrency in the future?
by
nl247
on 14/12/2018, 13:38:03 UTC
Even up till now, there are still so many people that disagrees with the traditional market, for one reason or the other, so one way I have noticed is that people will always have their own reason for their actions, no doubt about that. One thing I know for sure though is that the future is bright and certainly, there is nothing changing that. The media will always want people to believe what they want them to believe with speculations, but in the long run, judging from the look of things, this is a space that is growing everyday and there is so much more to come.
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Board Altcoin Discussion
Re: HODL for only the brave !?
by
nl247
on 14/12/2018, 10:18:13 UTC
I do hope, but to put it bluntly.
My hope is starting to waver because of this market, I feel so bitter watching all of my investment goes down for more than 80~90% from its original price.
while at the same time I need to encash it for my need.
even though it's not all of them but still, this bear is killing it.
did you feel the same thing, my friend?
Did you enjoy when your investments were flying x2 or x5 ? Ups and downs are happening with any market and we must accept these by simply watching it. If you have invested only the money you do not need immediately then you can find chances to watch this market calmly. We must invest only the excess money so that we never need to encash for any need.
That is always the thing, there will always be a time for the bulls and a time for the bears, which as at now, it is a time for the bears, and one way or the other, we just have to understand basically that we only need to accept what the market brings at every certain point in time, but at the same time, find a way we can always take advantage of each trend that the market hits us with. As long as you are smart, you will definitely know what you are doing, and you will be brave enough to be able to learn from your mistakes and be patient enough to wait for the time to put that knowledge into good use.
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Topic
Board Trading Discussion
Re: Do You Need To Put Your Emotion in Trading ?
by
nl247
on 14/12/2018, 09:42:48 UTC
no need to use emotions I think if we before starting a trade investment know all the risks that will be invested in investing in crypto currency beliefs and patience will reduce emotions
It is simple! Put your emotion in trading and you are screwed with your emotions. Trading is all about taking a risk but at the same time realizing that you cannot always be right which is why there is what is referred to as risk management which a lot of people usually do not understand. Now, when you trade with your emotions, there will always be an issue when it comes to trying to make important decisions in your trade as the case may be. Always and always keep your emotions in check and trade what you see decisively.
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Topic
Board Speculation
Re: BTC is not going UP anytime soon and here is why.
by
nl247
on 13/12/2018, 16:38:53 UTC
Been thinking the same thing for days now, but of course, it is a market and nothing is certain and it all depends on the angle you want to be looking at the chart anyway to be able to call if we have even hit the level of capitulation or not. For now, we just let the market play its thing out, one thing is certain though, which is the fact that we are still in a bear trend and how ever the bears want to push it down the more, it just makes a lot of sense to buy more at the end of it all, once the market starts showing signs of recovery. Let's see!
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Topic
Board Speculation (Altcoins)
Re: Will all ecr20 tokens follow ethereum?
by
nl247
on 13/12/2018, 10:47:58 UTC
I think that the ethereum will grow by the end of 2018.
You see, this is one reason why it is not good to be thinking for the future in a market, when the future is still very far. We are approaching towards the end of the year, and nothing has happened yet. However, I am not saying nothing will happen, considering it is a volatile market, and we can see some surprising price action in the market, but it is all the same thing, we just have to blend with the trend in most cases but for now, I would not be expecting something so much.
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Board Speculation
Re: Underlying BTC problem
by
nl247
on 13/12/2018, 06:57:00 UTC
I don't think that it is the biggest problem. To my mind, the main one is that market is not stable and most people don't believe in crypto and power of coins which make it volatile
Probably volatility may be a problem for some, but that is one of the reasons a lot of traders are in this market, and they are taking a huge chunk advantage of it. However to me, it is not the problem, but the root cause of that volatility, which is high speculative environment and manipulation combined with people's greed are the main problem here. Remove all those aforementioned from the market and you will see less volatility. However, it is a new market, so that would be a lot to ask at this stage until we start seeing real life usage and less speculation.
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Board Speculation
Re: BTC Falling to mid 3K Will it go down more?
by
nl247
on 12/12/2018, 10:54:23 UTC
I think the bearmarket isnt done yet as we are fishing for a bottom.

But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range


Any thoughts?
Bearish market will might continue until the year end but I may think that it won't go deeper by $3k. Anyways, we still don't have assurance or indications that it will stop by then, but I'm still positive with that.
We are sure still in a very bearish condition and of course, there is a great possibility we might get to see the market go down more, but that would all be dependent on how the trend absolutely want to end up playing that out. For now, we simply may just have to keep calm and see how events will be unfolding but as for now, there is  a possibility we might still see some little bit of fall towards $3k.
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Topic
Board Trading Discussion
Re: A Future Collapse in Bitcoin's Network, Plus $1175 in The Cards! -magicpoop
by
nl247
on 12/12/2018, 09:43:35 UTC
Next time if you post stuffs that belong to other people, at least be smart enough to post the link to the original article and not just their name. As far as I am concerned, this still remains an act of plagiarism. I follow magicpoopcannon on tradingview, and he is of course a pretty good analyst.

I would not doubt the fact that $1175 might be likely, but of course, at the same time, it is a market and nothing is guaranteed but one guaranteed thing is that mining will always sort itself out as it is designed that way from the start. As a trader however, what you are actually meant to be doing is to anticipate for likelihoods and trade it accordingly.
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Topic
Board Economics
Re: Who are benefited with cryptocurrency?
by
nl247
on 12/12/2018, 07:37:03 UTC
From the bearish market it seema that there are individuals who were benefited with cryptocurrency and taken it as an early christmas gift for them. Probably those who control the market are mostly likely to be the direct benefactors of bear market. What do you think and who do you think control the market of cryprocurrency?

For now, no one could benefits this market condition except for the scammers, hackers and haters of crypto as this whole year is a total mess for the crypto currencies in which many have become losser that even the big whales cannot be save of this bearish market trend.

The fact that you are not benefitting does not mean you should practically assume no one else is benefitting from the market at this point. Asides from those who are shorting the market, those who are seeing the market as an opportunity to be buying in low at the current values, and seeing it as a benefit, are most definitely benefitting from it. We have seen trends like this in the past, some are still in benefitting now from the past, even with the dip since they are early investors and some will still benefit in the future, even with further dips.