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Showing 20 of 502 results by randythered
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Board Trading Discussion
Re: trading with risk reward ratio
by
randythered
on 20/01/2019, 20:21:09 UTC
Quote from: Jhonyguy on January 20, 2019, 07:38:04 PM

1) what to do is you dont get good RISK REWARD TRADE
simple dont trade that day protect your capital and search for trades next day



I think this was the biggest thing holding me back when new to trading and probably many others too. It doesn't even have to be with good risk reward ratios (it can be more common sense than technical). People get stuck in the habit of trading and through success turn to permanent optimism. They think they can predict the market all the time and then take up risky positions for small returns.
 
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Board Economics
Re: First Bitcoin ATM in Venezuela
by
randythered
on 20/01/2019, 20:18:18 UTC
Venezuela is one country where BTC use could really be pushed. It's a country where people really are in need of an alternative to fiat. I don't think that Maduro will allow it though, he'll push Petro if he has to to replace Bolivars.
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Board Bitcoin Discussion
Re: Binance CEO saying don't keep coins on exchanges
by
randythered
on 16/01/2019, 22:09:04 UTC
Well duh, it may not be great business sense for him to say that but everyone knows it to be true so it's for the best. In some ways it's even good for them. They're not a wallet and don't want to be held liable for more funds than actually need to be on the exchange for trading.
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Topic
Board Economics
Re: Oil could lose $9 of it's value. In a week.
by
randythered
on 15/01/2019, 11:09:42 UTC
Is there a reason behind your prediction other than some TA? I find that oil price tends to follow closely to world news rather than following TA. Long term the oil price is quite low as it was not under $60 for most of 2018.
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Board Speculation
Re: Bill Gates & Richard Branson 1.2 billion investment into bitcoin revolution!
by
randythered
on 15/01/2019, 11:06:41 UTC
This whole page is trying to lead in to something called bitcoin revolution, whatever it is I'm sure based on the testimonials on the side of the page and the fake news that it's some sort of scam. Try avoid reading news on such sites.
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Board Bitcoin Discussion
Re: "Tour de Satoshi" This guy is trying to promote BTC by doing a bike tour.
by
randythered
on 13/01/2019, 11:50:42 UTC
This is a cool idea, I worry that it will fall short when it comes to funding. Without funding it will struggle for publicity and even for significant participation. One of the biggest issues with a decentralized system like bitcoin is that there is no central entity to provide funding for marketing etc.
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Board Bitcoin Discussion
Re: would u open a loan to buy the dip?
by
randythered
on 13/01/2019, 11:48:13 UTC
No. Under no circumstances would I take such a highly leveraged and risky approach. People often get caught up in the idea that things are a sure thing, they are not. Generating wealth is not a race. If you treat it as such you will ultimately never end up finishing that race.
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Topic
Board Trading Discussion
Re: What is the best Bitcoin robot?
by
randythered
on 12/01/2019, 13:13:30 UTC
The amount of times a bot is correct isn't what matters, unless going for a fixed percentage gain/loss every time. A bot can be right only 10% of the time but make 1000% returns that 10% and only lose 1% the other 90% of the time. That's a great bot to find.

All that being said. Try avoid paid bots, they're mostly scams, if they were that successful they wouldn't share them.
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Board Bitcoin Discussion
Re: We are the 15%
by
randythered
on 12/01/2019, 13:11:38 UTC
That's true for pretty much everything. The few always hold the many. I mean, considering that Satoshi's addresses hold at least 20% of the supply (that's just his known ones) you can already adjust the figures based on that. Over the passage of time those coins will be redistributed. Even the biggest whales will sell at some point.
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Board Speculation
Re: Is it fair to call it burst of bitcoin bubble.
by
randythered
on 12/01/2019, 13:09:06 UTC
Quote from: bitbunnny on January 12, 2019, 12:03:28 PM
First of all Bitcoin is not a bubble but it has some rules how it's functioning. Looking at such conments here on forum it's easy to conclude that many users don't have a clue what is Bitcoin and how it's functioning, what are the basic characteristics. And that is really sad. They only motive is obviously only greed and when they are unable to fill that everyone else is fault and of course Bitcoin at first place. This shows how education about Bitcoin and cryptocurrencies in general is deeply needed.

Bitcoin itself is not a bubble. There's no disputing that. But the boom and bust cycles are similar to those which people would associate with a bubble. A bubble does not have to begin and end at 0.
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Board Speculation
Re: Is it fair to call it burst of bitcoin bubble.
by
randythered
on 11/01/2019, 13:03:06 UTC
By definition the bubble burst. It's just that many associate a bubble with the price going from 0 to something high and then back to 0. Instead of it just being the price raising much above a fair price and then returning towards a fair price.
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Board Speculation
Re: Dovish Fed Minutes Sees Cryptocurrency Market Lose $11 Billion in 5 Hours
by
randythered
on 11/01/2019, 13:01:54 UTC
Interest rates not increasing should increase investment in to alternative investments than bonds or savings so in theory cryptocurrencies prices should increase on this news. The only reason that could be otherwise is if people are associating the halt on interest rate hikes with a more negative outlook for the economy and therefore spending/investment.
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Board Trading Discussion
Re: What will you do when the market goes down? This is my advice
by
randythered
on 11/01/2019, 12:59:27 UTC
Quote from: milewilda on January 10, 2019, 06:24:13 PM
Quote from: randythered on January 10, 2019, 05:56:24 PM
Easier said than done. It's hard to predict such small movements as we're seeing at the moment. It is a good strategy but you have to be calculated and strict about your decisions. If you aim to make 5% then take 5% and always have a point where you'll stop your trade and take a loss if the price is moving against you.
Usually stoplosses would have the ratio of 2:1 but still depending on your risk management on how much you would totally risk up for a possible profit target.Its true that these things are easy to advice when you do know on what you are doing compared to other traders which it is really very very hard to be done. Even pro's do still struggle on how this market moves.Basing on OP, he do active trades with minimal percentage targets. Going for shorts on time spans isnt bad compared on swing or long term.

A 2:1 ratio seems about right to me too. But it always depends on what the market is like that you are trading in. But too many people get caught up in emotions and fail to cut their losses. Either by selling a bad investment as it goes down or by buying back in on a pump. We're only human and we have to be willing to accept that sometimes we'll get it wrong through no fault of our own.
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Board Trading Discussion
Re: What will you do when the market goes down? This is my advice
by
randythered
on 10/01/2019, 17:56:24 UTC
Easier said than done. It's hard to predict such small movements as we're seeing at the moment. It is a good strategy but you have to be calculated and strict about your decisions. If you aim to make 5% then take 5% and always have a point where you'll stop your trade and take a loss if the price is moving against you.
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Topic
Board Trading Discussion
Re: Bitmex should be banned by CMC
by
randythered
on 10/01/2019, 17:55:00 UTC
I'm not sure how CMC use the price on Bitmex. I see that they exclude volume and know they use a weighted volume to calculate the price overall. How would they use bitmex price if they're excluding its volume? Or do they not include it at all?
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Board Speculation
Re: How would a government go about getting into BTC?
by
randythered
on 10/01/2019, 17:53:04 UTC
Unless they were aiming towards integrating bitcoin in to their economy and being open about that then you'd think they'd choose the OTC route. They can keep their transactions unknown and hold the coins in secret. I don't see much reason for a government to do that however. I don't really see any ever trying to buy BTC themselves.
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Board Speculation
Re: Bitcoin Price: Analyst Willy Woo Says Bears Still Have the Upper Hand
by
randythered
on 06/01/2019, 22:11:38 UTC
Anyone claiming that bitcoin is bullish at this point is severely jumping the gun. The market has been bearish for nearly 1 whole year now and nothing short of a big bullish movement spanning 1 - 2 months is going to convince a large portion of people otherwise. So many people called the bottom at 6k and they were wrong, it could be true for 3k as well.
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Board Speculation
Re: What's up with bitcoin ?
by
randythered
on 06/01/2019, 22:10:16 UTC
There is little short term volatility at the moment when compared to the past. The price is very static and that's because it's in a sweet-spot where few people are willing to sell but few people are willing to buy. Or alternatively supply and demand are in near perfect equilibrium with little shocks on either side.
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Board Speculation
Re: Why Do You Think 2019 Will Be Different?
by
randythered
on 06/01/2019, 13:29:03 UTC
Quote from: pooya87 on January 06, 2019, 03:23:23 AM

wrong.
goes up doesn't mean it should automatically come down too. the reason for the rise determines whether the price should "correct" afterwards or not. otherwise there is no reason for all the rises to end with a drop.

Well, not wrong. It depends if you're speaking long term of short-term so I understand your response. Long term it always holds true because at some point in time bitcoin will be redundant.

Short term there's definitely a big emphasis on the nature of the rise, I was being simple in my response because I assumed that anyone with half a brain can see that the growth in 2017 was not healthy or sustainable growth.
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Topic
Board Trading Discussion
Re: It is not your fault that you are loosing in trading!
by
randythered
on 06/01/2019, 13:26:33 UTC
Quote from: raven7886 on January 05, 2019, 05:45:19 PM
This is exactly what I have been trying to tell people! Your experience and expertise doesn't matter in bitcoin, you can be an amazing trader, you have no fault in the trading because there are things that nobody expects happening in bitcoin. How could anyone have guessed someone would sell a ton of bitcoin all at once when Craig did it, everything looked like bitcoin price was bound to go up and 6.5 thousand looked like the minimum bitcoin will be and it was all sunshine however one unexpected thing led to another and here we are the price is low.

Nobody, not even warren buffet could make great trades too many times in a row in bitcoin. A friend of mine turned 0.7 bitcoins into 40 bitcoins and lost about 15 bitcoins recently, he is still in profit but even the best traders will lose money eventually because unexpected things keep happening in this space.

But you shouldn't have lost out in that situation assuming that you're considering bitcoin value. If you're trading frequently from usd/btc to try and grow usd value then you should've had some sort of a stop-loss in place. If you're just trying to grow your bitcoin then there's little way you could've lost out.