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Showing 20 of 1,457 results by wayaneka
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Topic
Board Altcoin Discussion
Re: Holding and taking profits
by
wayaneka
on 23/06/2021, 03:46:20 UTC
Holding and swing trading can be promising higher profit than day trading but this is according to which level price we buy the coins. If we start now to holding for a few years, is look like no good idea because after nearly 1 year in bull season, the market can be changing to bearish. Good duration for holding now is less than a year or just a few months. From historycal of total marketcap, the best time to holding crypto in in 2015 and sell in the end of 2017, and start again to holding in 2019/2020 and sell in the end of this year. We also should be looking for good and strong fundamental coin for holding.
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Topic
Board Altcoin Discussion
Re: Btc down trend are started ?
by
wayaneka
on 22/06/2021, 03:48:53 UTC
Since BTC keep stay at prive above $30k, Iam still bullish with BTC because this price area is current support. But if BTC going down and breakout support area, the high probability trend of this market changing to bearish. The crypto market should be not changing to bearish yet, because this is too fast after long bearish that started on 2018 then continue in 2019 and 2020. High probability the trend of bullish will exist again for another 1 year. I think death cross pattern is not comfirmed yet.
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Board Trading Discussion
Re: Failed in trade it's not joke.
by
wayaneka
on 21/06/2021, 05:31:04 UTC
We can not eliminate the risk of trading but we can only possible to reduce it by using risk management. According to my experienced in margin trading, i failed because make too high target monthly profit so i use high leverage and high lot transaction too, and second one is I did scalping trading, this is other mistake that many traders been loss money from it, because scalping is more risky than swing trading. Avoid greedy in trading and make target profit monthly about 10%-20% and patient to compounding it for 1 or 2 years. That will be promising huge profit.
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Board Altcoin Discussion
Re: Will stable coins take control of Bitcoin as crypto adoption in the future?
by
wayaneka
on 20/06/2021, 04:25:44 UTC
I dont see any probability stable coins will take control of Bitcoin. Stable coins and fiat is the same, both can to printing as much as we want and its will decrease in value because of too many circulating supply on the markets and cause of inflation. Bitcoin is future of money that will fight with inflation from stable coin and fiat.
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Board Altcoin Discussion
Re: Why Stablecoin is so important in cryptocurrency?
by
wayaneka
on 19/06/2021, 05:01:46 UTC
I think alot of trader prefer to trade altcoin on pair stable coin than BTC, because will easy to determine P/L and its more easy to do TA. When I started learn how to trade crypto in 2015 alot of altcoin paired with BTC and make me hard how actually the price in USD but now alot of altcoin paired with stable coin so make more easy to trade, especially for beginner trader. Stable coin needed not only for trading but also for yield farming, staking, diversification risk and others purpose.
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Board Altcoin Discussion
Re: Is Ethereum going to Die?
by
wayaneka
on 17/06/2021, 04:11:19 UTC
This is depending on the development of Ethereum itself. More competitor of Ethereum is growing rapidly like Binance smart chain, and there are also others smart contract project that promising more benefits than BSC. Take alook on Solana project, i have been try to send and make transaction token SPL  /Solana Program Library to from exchange to other wallet and the fee transaction is near zero with faster comfirmation time. All crypto community will prefer to use this smart contract than expensive one. But I believe Ethereum will become much better in the future, because ETH is the leader of smart contract platform. and the ecosystem currently is very strong.
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Board Altcoin Discussion
Re: How about the future of the market?
by
wayaneka
on 16/06/2021, 03:43:34 UTC
Bitcoin just breakout from the support area, and this is good sign and it will triggered others altcoin. Price action of Bitcoin and others altcoin has high probability to keep going up after correction. BTC and others coin already to go high and its normal dumped up to 50%, and then sideaway for a few week then try to bounce back again. Crypto and NFT market is still very young and still have big room to growth. We need to more understand the duration and cycle of the trend market, because trend of market all the time changing, bullish to bearish and to bullish again then changing again.
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Board Altcoin Discussion
Re: How many scammers have you funded by putting your money in?
by
wayaneka
on 13/06/2021, 05:26:18 UTC
Currently I never touch ICO or other fundraising model, because I prefer to buy tokens after listed on the exchange. But my mistake is using centralized exchange that have low trust, so I been loss about 2k equivalent of tokens. This CEX is Cryptopia, they closed and never refund the assets of all their user, that happened in 2019.  For beginner in crypto space should be becarefull to use any CEX and pick out that really has high trust and regulations.
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Board Altcoin Discussion
Re: Do you trust centralized exchanges?
by
wayaneka
on 12/06/2021, 04:07:56 UTC
I don't trust CEX but I need it for trading and to make fiat withdrawals, alot of CEX in the crypto market, and  I really careful to choose it, because if we put money there, that mean they has full control with our fund, and we have seen some CEX like MT Gox, BTC-E.COM, Cryptopia and Livecoin is closed and turn in to scam. I only use CEX which has the highest trading volume because these CEX is trusted by many crypto users. For long term investment, I prefer to stored crypto in my personal wallet. For staking crypto, I also avoid to use CEX, much better to make account on DEX or Personal wallet so that full control is belong to users, not the exchange and this is the most important thing in crpto markets because currently less regulation in crypto space.
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Board Bitcoin Discussion
Re: Now is the best time to invest in Bitcoin
by
wayaneka
on 08/06/2021, 04:02:40 UTC
This is according to how long you want to make invest in Bitcoin, if you would like to invest in to it by duration more than 5 years, now is good times to buy it because current price dumped more than 40% from ATH. Bitcoin is digital gold, so the marketcap in the long run will surpass Gold. So Bitcoin still have room to grow and the price have potential increase another 10x or more.
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Board Altcoin Discussion
Re: Are Altcoins the Penny stocks of the crypto world or are shitcoins
by
wayaneka
on 08/06/2021, 03:54:18 UTC
Yes Penny stock is similar shitcoin on crypto, in my country Penny stocks called "saham gorengan". The price history of this kind of stocks just like pump and dump coin, it can even have more high risk, because after the dumped can be no one buys the stock, or the bid of order book is empty. The marketcap of this stocks is ver low because alittle bit trader have interest to trade it. I've traded stocks and have that bad experienced.
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Board Altcoin Discussion
Re: NFT Trend Can Go For Long?
by
wayaneka
on 08/06/2021, 03:38:04 UTC
NFT industry is keep growing rapidly, I can see that many artist, content creator and digital art taken alot of benefits from this technology. The total market cap of NFT coins currently US$16.773.033.674, and this still small number and in the long run will growing because more people will join and take advantages from NFT . NFT is new technology and still young market, so that still have room to evolve.
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Board Bitcoin Discussion
Re: Bitcoin crashed 36% this month, good days for Cryptocurrency are over?
by
wayaneka
on 07/06/2021, 03:53:45 UTC
In the beginning of bull season in the middle of 2016, BTC was crashed from $777 to $470, that mean dumped about 40% and after that the price keep rally to new high. Afterwards, we have seen another crashed of BTC while on bull season, so according that history when bull market is normal BTC dumped up to 50% and then need a few week /month to bounce back. It seems unfair if the bear market lasts for 3 years but the bullish season only lasts less than 1 year, so my prediction the bull market will continue.
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Board Trading Discussion
Re: Crypto trading vs Forex trading
by
wayaneka
on 07/06/2021, 03:34:36 UTC
In my opinion crypto trading on the spot market is lower risk than forex trading, because forex trading actually trading with use margin /leverage. I did trading forex for more than 4 year, but its really hard to earn profit consistently. But from crypto trading on spot market, I did make huge profit only for holding by longterm. Traders are more successful in spot markets such as stocks and crypto compared to the margin forex trading.
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Board Altcoin Discussion
Re: Did you fall for the current dip and sell off
by
wayaneka
on 06/06/2021, 11:07:57 UTC
I have friend, and he sold and cash out some his coin because he need money for urgent. But iam still holding strong, keep waiting for another 6 month or 1 year, this is short times for me, because i been waiting for more than 3 years since 2018 for bullish season, and I dont want missing another bullish season. I believe Bullish season 2 will coming in next afew month, and alot of coin will going to new ATH.
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Board Altcoin Discussion
Re: Not everyone can be lucky when it comes to shitcoins
by
wayaneka
on 06/06/2021, 11:01:24 UTC
Beyond my prediction, memecoin of DOGE and SHIBA made up to x100 profit, this return surpass others project that has stronger fundamental and use case. But make invest in this kind of coin is very risky because when the market changing to bearish, the price possible crash more than 90%. And in the long run, there are no guarantee and low possibility the price will recover because these coin with no working product and use case.
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Board Bitcoin Discussion
Re: Does the epidemic have a big impact on Bitcoin?
by
wayaneka
on 05/06/2021, 04:30:57 UTC
When the pandemic started, crypto and stocks market dumped but after that all this market rebound and continue bullish and ATH. I think this happen because amillion people quit from the office job and they only can work at home, and they chooce spot online trading. So that more new investor come in in to crypto and stocks markets that the trigger market to bullish.
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Board Bitcoin Discussion
Re: The Future of Crypto
by
wayaneka
on 05/06/2021, 04:20:52 UTC
From the 2013 till this date the total of crypto marketcap growing rapidly, started by $1 Billion in 2013 and now reach more than $2T, that is 2000 times of growth, this amazing because just take less than 10 years. And this crypto market has more potential to growing because still little people are getting into the crypto market, and when compared to the stock market market cap, it is also very small, with the total world stock market cap reaching over $100 T. By to see this number of stock marketcap, is very has potential the crypto market reach to $10 T in a few years.
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Topic
Board Altcoin Discussion
Re: XRP is Back
by
wayaneka
on 04/06/2021, 03:51:22 UTC
I still holding XRP because my prediction this coin will surpass ATH, the samething like ETH and BTC did. In this bull season, XRP have potential to rally to $10, because when bull season on 2017 this coin reached $3, and current bull season is bigger than 2017.  After up to 9 years on development, the community of this project stronger, they continue to make partnership with major banks, and also continue to develop better services and products.
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Board Altcoin Discussion
Re: Next 10x projects picked for 2021
by
wayaneka
on 04/06/2021, 03:37:11 UTC
To earn profit 10x from these coin is more difficult because of high cap coin. To be have more potential to gain 10x is better to choose coins that the marketcap below $100 million. All these coin has potential to be next 10x project, but not in this bull cycle maybe the next bull season when the total marketcap of crypto reached above $5 trillion. I prefer to choose coin with low cap and working product like Bondly, RAMP, PERP and MCDEX for more potential to gain multiple profit.