Quote from: jimbo2000 on February 15, 2018, 05:47:50 PM

Quote from: bitcoin_is_here_to_stay_2 on February 15, 2018, 01:42:48 PM

Quote from: TERA2 on February 15, 2018, 09:58:56 AM

Quote from: gentlemand on February 11, 2018, 01:36:48 PM

I don't particularly believe there's much or any skill involved in trading crypto, whereas there is a tad with shares as they're somewhat calmer and more measured.

Crypto is so relentless, shameless and chaotic that I'd assume anyone applying principles learnt elsewhere will get their arse handed to them rapidly.

There are definitely skills involved in trading crypto, but they are crypto specific skills. You learn them only from years of trading crypto. You can't just use your experience from trading stocks. An example is always buying at a certain volume and percentage drop, and learning how walls lure buyers and sellers.

TERA, sounds very interesting. Can you be more specific? Especially how walls lure buyers and sellers. I'm trying to learn to trade crypto better and you seem to be one of the best traders on this forum

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Without meaning to jack someone else's answer, (I'd be interested if TERA can add more to it) with walls it seems to just be a case of a psychological phenomenon. When there's a big buy wall that makes people think there's a lot of buy pressure and strength so they put their offers in above that buy wall, and then the reverse with a sell wall. More often than not these walls are never even touched and if they are they're often pulled before being filled.

Thanks, Jimbo. But I can also imagine an alternative scenario, e.g. I am a whale and want to buy a lot of bitcoins without raising price to much, so I wait until there is a big sell wall, and voila, I can have my position without (much) slippage. I was not following prices long enough to know which scenario occurs more often. Knowing this would be one of the "crypto specific" trading skills, I guess Wink

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bitcoin_is_here_to_stay_2

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