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I do not see any correlation between bitcoin and inflation. Its the economy of each country that determines if they experience inflation or not while it is the adoption or acceptance of bitcoin that determines its increase in value.The government of a country can find a way out to or implement policies to correct inflation but bitcoin on the other hand has a decentralized system.
I agree that these are all common mistakes made by everyone involve in trading. Many newbies in trading will experience this and if they are reading this, these will help them and be served as a warning when they get there in trading their money.
Lol. The funny part is that even if they read it, some of them will still make the mistakes mentioned lol. Experience is always the best teacher. Even when I started I read all these but I still made the mistakes. And by the time I realized everything I have done I felt like it was too late but I still didnt give up, although I did quit for a short time but I still got back to it.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?
Your prediction became true and that is exactly what it is happening, I just hope the bulls have enough strength to hold their own against the bears and do not allow the price to that much lower but that does not seem likely since the bears are doing everything they can to make the price even lower and it does not seem like there is an end in sight to their desire to make the price even lower.But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range
Any thoughts?
For now the bull still trying to strive harder to beat the bearish trend and that's a very struggling scenario. Many people specially the new traders who panic and dumped their asset when they saw price starts to rise. It's good to buy while current price is at very cheap price, in order to benefit once market of crypto starts to spike at better and increasing value.
Crypto market is full of blood and tears.
Certainly many people who enter this market long enough will have losses money, even lot of money.
I've lost a lot money because of the margin. When I think I know everything about this market. That moment I was gone.
Have you ever lost a lot of money? Please share with me your story about this market. I want to learn from you. Thanks a lot.
Yes youre right this market is just unpredictable, you never know what follows next. When you think the market is getting better thats when its actually getting worst. There are many times the market starts to go up, when I invest, the minute it will start going down again and I will be losing. And during bearish market, trading is one hell of a difficult job to do.Certainly many people who enter this market long enough will have losses money, even lot of money.
I've lost a lot money because of the margin. When I think I know everything about this market. That moment I was gone.
Have you ever lost a lot of money? Please share with me your story about this market. I want to learn from you. Thanks a lot.
Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.
I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
There is nothing wrong with what you have said, most of these altcoins never get back up when they fall. Sometimes you will see some groups and all they do is look for altcoins to pump and dump, and if you keep waiting, everything will be dumped on you and you become the loser. I dont play with any good opportunity I get to pull myself off from any cryptocurrency I think might be bad.I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
Re: Do you regret it not selling at peaked on last jan 2018 ?
Do you regret it ?
or do you believe BTC will create a new ATH ?
I sold my Bitcoin and altcoins immediately price reached very high, I do that all the time, if price goes high I will sell and then wait for another time to buy and hodl. I sold my coins and after I did that the prices of the coins started to drop to a low rate, I only bought some Bitcoins and that was just few weeks ago. Now waiting to see what happens next.or do you believe BTC will create a new ATH ?
Re: So much money being made by crypto traders! Can you see that?
The current state of the crypto market is definitely not for newbies but for those who have a good understanding of how it works. You don't need an expert tutorial to know that good crypto traders are still making a huge profit from market speculations despite the downward trend in value that bitcoin and various altcoins have witnessed in recent days. CoinmarketCap data today, as shown below, reveals that out of 100 top coins 98 are on green. I think this is reassuring that it is not over yet with the crypto. How far do you think this Green will go?.
source: coinmarketcap.com 2018-11-26-08_14_50
The price did quite well today and I hope it continues to do just fine, there was an increase this week. But we are not yet sure if there is going to be a Bull as some has predicted, whenever people think there is going to be an increase, thats when you will see that the price begins to go down instead of going up as predicted. I hope it will be different this time around.source: coinmarketcap.com 2018-11-26-08_14_50
I only think that there are not enough further technological development for Blockchain and cryptocurrency to be enhanced in ways that it becomes commercialized.
To some extent, Blockchain is being applied to many fields. However due to the variation in cryptocurrency price, there will be less usage and application to Blockchain servcies.
Millions of dollars are being transferred everyday with cryptocurrency. However, there are not many usage for it.
What do you guys think?
A lot of people has said its because of the ETF that wasnt approved this year. Some has claimed that the ETF will be approved next year but no one has mentioned when exactly its going to be, and the price has been dropping since, except this week it got a little back to top. I do believe the BCH fork is always part of what lead to the price to drop (especially the drop to $3k).To some extent, Blockchain is being applied to many fields. However due to the variation in cryptocurrency price, there will be less usage and application to Blockchain servcies.
Millions of dollars are being transferred everyday with cryptocurrency. However, there are not many usage for it.
What do you guys think?
Hi friends I have regret that i entered into trading too late if my head had known this trading field before only i could have started early only , and now i would be making profits by now , but now i am learning still because i started too late
Now i see many people start trading at very less age only if i see them i regret that why at that age i didn't start trading
Do you have regret like this ?
There is nothing to regret, since Bitcoin hasnt end yet. Since its still here, then there is still the opportunity for you to make something out of it. Just continue to have patience, a lot of people believe there will still be another bull run, and I believe the same thing. Just invest and hold, there will be a Bull and you will profit from it.Now i see many people start trading at very less age only if i see them i regret that why at that age i didn't start trading
Do you have regret like this ?
Last year we had a great run. Despite the downs in the beginning of this year, I still believed that by the starting of October, the will be a good run, but I don't see anything of significant improvement. What do you guys think?
A lot of people are claiming that yesterdays price ($3150) was the bottom. Today has already seen an increase of about 3%, and we are still not yet sure of whether the bull run will be any time in this December. Most predictions has been showing next year, but no one is saying when exactly its going to be in next year.In past 24 hours. The prices of both Bitcoin and Ethereum has now fallen by more than 3% in U.S. Dollar.
1. Bitcoin price drop in daily peak, this dominant cryptocurrency is actually down six percent. BTC at its low in daily volume in steep sell off or 5% to 10% thus tends to see an increase in daily volume.
2. The Ethereum price has experience in similar trend as well as Bitcoin. ETH has dropped $2billion to $1.6 billion by more over 20%.
Is Bottom Far from here?-- Bitcoin
What happen to tokens if ETH drops 35% more?
Yes, Bitcoin was down 5.5% today. The current price now is $3.2k. I still think it will go down, cause a lot of people has been saying lately that the price will go down to $2500 and that will be the bottom price before the price starts to go up. January is when we will likely see the bottom price, after that will be the bull run.1. Bitcoin price drop in daily peak, this dominant cryptocurrency is actually down six percent. BTC at its low in daily volume in steep sell off or 5% to 10% thus tends to see an increase in daily volume.
2. The Ethereum price has experience in similar trend as well as Bitcoin. ETH has dropped $2billion to $1.6 billion by more over 20%.
Is Bottom Far from here?-- Bitcoin
What happen to tokens if ETH drops 35% more?
Re: Binance traders are making more money than other traders
I just published a study which explores how Binance traders are making more money than traders on other exchanges.
https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study
I'm happy to answer any questions about the study.
Just tell us that you need to generate traffic for your blog, than saying what you know nothing about. Your success in trading has nothing to do with exchange youre trading on. A good trader knows that the only thing that matters most is their skills and not the exchange youre trading, as long as youre skilled you can make use of any exchange. https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study
I'm happy to answer any questions about the study.
A huge number of new startups showed negative dynamics in the price of the token after entering the market. Therefore, people do not want to buy them during the initial sale. Cheaper to buy on the exchange
Not all the coins are cheaper on the exchange because I have seen many coins/tokens got pumped once it hit exchanges. This may be the reason why people are preferring to contribute into ICOs. There are many exceptions and sometimes you also must be true. It means we cannot have one general rule to invest and when to wait. We need to diversify that is the only solution, it seems.Whether you are a day trader or you trade once in a while, you have to align yourself with the smart money, not the dumb money, surf along side the whales,not against them, trading is war and you have to choose your battles correctly
When the market becomes bearish, thats the perfect time to hit and buy more with your money while you continue to wait for the bull run. Some people also decide to wait to be very sure that its bull time so they can then get in and go with it. But sometimes it ends up being a Bull trap, cause it might drop when you have invested.When you are a newbie you can refer to something on tradingview.com
1.Technical:
RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.
2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading
Thats really nice. I never knew about this TradingView of a thing when I was a newbie, although I didnt get to lose much and everything I lost I did recover them all back. But this right here really would have helped me if I did know something about it. Only get to know about this year, and I have been checking it out, pretty helpful.1.Technical:
RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.
2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading
For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.
I already have enough Bitcoin bought at a bit cheaper rate and I dont think buying more would be a good idea, and by the way the price has been dropping since then without going up. ETF hasnt been approved yet, might be approved in 2019, next year, so that might be the reason why the price has been dropping. Dont know if theres still hope the market will recover this year, maybe that would be next year.Knowing now that it has gone below, what is your take on the current situation.
We can see these days that not all people know cryptocurrencies, if they do perhaps they have heard only about bitcoin, but without owning or having the experience of making any transactions.
Maybe altcoins will become popular within 3 years from now?
When you mention cryptocurrencies, anyone hearing that already knows that youre not referring to just only one, although they might just know about Bitcoin and not others. Altcoins are not really meant to be known much, cause they are just alternatives, the main thing when we talk about crypto is Bitcoin and its not all altcoins that is going to last. There are already popular altcoins like ETH, Ripple, and BCH, and these ones are meant to stay alongside BTC.Maybe altcoins will become popular within 3 years from now?
The Bitcoin drop could be because of the Bitcoin fork of forks. Bitcoin supply is not scare after it forks. Do u agree ? This time it forked from Bitcoin cash.
No one can really tell what happened to the price of Bitcoin or any of the altcoins, cause they as well are going down with Bitcoin, but most of us believes that the price crash was due to the Bitcoin Cash fork (BCH SV and the ABC fork), and I too believes that, cause the price started dropping heavily and down to $4000 within an hour, and that was on a Wednesday.Maybe investment no longer allows us to make quick profits, but I think that even if we don't invest, we can get relatively stable income from the rewards, but we need to work harder!
When we invest, its all about waiting for when the bull will come, thats the only way you will profit. But it is not good to be relying on your investment since youre already aware that Bitcoin is a volatile asset and youre not sure to which direction it will be going. There are lots of other things one can engage in like trading, cloud mining and many of them.Re: Trading is the key to increase your portfolio in the Bear Market
l start trading Cryptocurrency in the year 2015 as novice, l read lot of books on forex trading such as "Japanese Candlestick Charting Techniques author by Steve Nison" which l integrate the knowledge l got from those books into Cryptocurrency. l was mentor by great minds knowing when to buy and sell any Crypto Asset and hodl Crypto Asset that have high future potentials. Cryptocurrency trading is divide into two analysis which are briefly discussed below
1.Technical analysis: this are time frame price action movement of a Crypto Asset base on history. chart are study carefully to know how a Crypto asset have been trending within a period of time.This chart can be in form of a candle stick chart , line chart , bar chart . the chart i use is candle stick chart which helps me to know if the bears or the bulls are dominant in the market which is pointer . In technical analysis there are indicators that enhances my interpretation of the candle stick which are list below
i. RSI: this is the relative strength index . is the oldest of all indicators . this helps me to know when a coin is over bought or over sold
ii MA: this is the moving average that helps me to double check the average price movement of the coins/token
iii MACD: this is moving average convergence and divergence, this is the last indicator i used to test if a coin is at the support level or resistance level
outside this indicator there are others could help to enhance my trading such as Bollinger Bands,stochastic ,Ichimoku Kinko Hyo etc .
2 Fundamental Analysis:these are factors that might influence the price movement of any Crypto Asset such factors are frequent announcement and update of the Crypto Asset in social media , political influence ,economical influence.this is the first analysis l do before trading to find out from news channel such as Coincheck, CNN, Cointelegraph about negative and positive news with respect to any Crypto Asset.This help me to no when coin is about to be pump or dump.
laws l use in trading
1. The coin must have a big market size before trading
2. l trade only with what l can afford to lose
3. l don't use emotions to trade
4. l trade with Big exchanges
5 l use the stop loss features for trading
crypto asset l traded
1. NEO
2. BTC
3. XRP
Winning Strategy
i use three strategy that have make to increase my pofolio
1. volume : after my fundamental analysis l look for coins or token that have accumulate volumes and gathering momemtum
2. trending ; the trend is my friend after the laws of technical analysis have been broken .
3. scalping : when i see that number 1 and 2 strategy is fulfilled i scalp .
Trading Time frame
l use the 30mins time frame to scalp
My Risk management
risk management enable me to manage my portfolio and control how much am willing to lose or gain per trade, that is why l use stop loss . am ready to risk 10% of my porfolio to increase my portfolio by 25%. the risk ratio is 2:5 with respect to loss/gain.
Exchanges l have traded
l trade with big exchanges because of their features .
1. poloniex
2. binance
3. Bittrex
In conclusion my experience as crypto trader is that never be too anxious for price movement. Greed and Fear is the key factor that result to lost of Crypto Asset in trading .
Please kindly share your experience in trading so far to improve a member of the forum skills in trading Crypto Asset
Anyone who wants to trade perfectly must always leave their emotions out of it. And by the way, trading doesnt work for everyone so there are still other ways anyone can increase what they have without having to trade, but dont even go for poor methods such paid-to-click or Faucets and things that are similar to all that, they are just a waste of time.1.Technical analysis: this are time frame price action movement of a Crypto Asset base on history. chart are study carefully to know how a Crypto asset have been trending within a period of time.This chart can be in form of a candle stick chart , line chart , bar chart . the chart i use is candle stick chart which helps me to know if the bears or the bulls are dominant in the market which is pointer . In technical analysis there are indicators that enhances my interpretation of the candle stick which are list below
i. RSI: this is the relative strength index . is the oldest of all indicators . this helps me to know when a coin is over bought or over sold
ii MA: this is the moving average that helps me to double check the average price movement of the coins/token
iii MACD: this is moving average convergence and divergence, this is the last indicator i used to test if a coin is at the support level or resistance level
outside this indicator there are others could help to enhance my trading such as Bollinger Bands,stochastic ,Ichimoku Kinko Hyo etc .
2 Fundamental Analysis:these are factors that might influence the price movement of any Crypto Asset such factors are frequent announcement and update of the Crypto Asset in social media , political influence ,economical influence.this is the first analysis l do before trading to find out from news channel such as Coincheck, CNN, Cointelegraph about negative and positive news with respect to any Crypto Asset.This help me to no when coin is about to be pump or dump.
laws l use in trading
1. The coin must have a big market size before trading
2. l trade only with what l can afford to lose
3. l don't use emotions to trade
4. l trade with Big exchanges
5 l use the stop loss features for trading
crypto asset l traded
1. NEO
2. BTC
3. XRP
Winning Strategy
i use three strategy that have make to increase my pofolio
1. volume : after my fundamental analysis l look for coins or token that have accumulate volumes and gathering momemtum
2. trending ; the trend is my friend after the laws of technical analysis have been broken .
3. scalping : when i see that number 1 and 2 strategy is fulfilled i scalp .
Trading Time frame
l use the 30mins time frame to scalp
My Risk management
risk management enable me to manage my portfolio and control how much am willing to lose or gain per trade, that is why l use stop loss . am ready to risk 10% of my porfolio to increase my portfolio by 25%. the risk ratio is 2:5 with respect to loss/gain.
Exchanges l have traded
l trade with big exchanges because of their features .
1. poloniex
2. binance
3. Bittrex
In conclusion my experience as crypto trader is that never be too anxious for price movement. Greed and Fear is the key factor that result to lost of Crypto Asset in trading .
Please kindly share your experience in trading so far to improve a member of the forum skills in trading Crypto Asset