For BTC, I'm conflicted. We're still technically very bullish but on the weekly/monthly charts.... we could be in the 5th wave of Elliot wave theory and possibly sending into a downtrend to 780 or 660 after a psych out uptrend in the next few weeks. After we hit those possible targets, we're gonna confirm megabull run coming.
Just for the new bitcoin traders, here's a strategy I've been practicing with when I get bored and need a little refresher on how to trade short term.
Register on bitmex, go to Bitcoin (XBT) and go to March 31st (Futures). Place in your orders at x50 leverage, put an order (market or limit), and put 1% of whatever your account is. Learn to form a plan with this.
I just pull out anytime I make .01btc (for poker lol) or hits my targets, and exit my position.
Jaxson Jackson
How much is you average profit above buyng and holding? If you don't so that, of course.
Kayden Cook
Holding some ETH, Monero, and expecting LTC to bounce up a lot after segwit implementation. Darcrus Tokens looks like a sleeper, the dev has a really good track record.
Adrian Roberts
>what wallet do you use? how secure is it? where can i get it? how are you exchanging ur usd into bitcoin and how do you get it back into usd? how much do you lose in doing so? where are you trading altcoins at? are you keeping ur bitcoins/altcoins on the exchange via ur account? isnt that risky?
First of all I'm not a 'professional' trader, just doing it for a few months now. This is what I do: - Downloaded bread wallet app from appstore. I'd say that's really secure. - I'm from a smaller European country and I buy bitcoin from a small and trusted company. They promote Bitcoin on every platforms in my country (Tv, radio, etc.). They are a bit cheaper than other sellers in my area on "localbitcoins". I just send them my Bitcoin address and the money through my bank account in my currency and they send back Bitcoin in 1-2 hours during workdays. - I use Poloniex to trade so once the bitcoin is in my wallet I send the amount I want to trade with to my wallet on Poloniex and there you can sell-buy anything you want.
I haven't cashed out my Bitcoins yet but for small amount I will try to sell BTC to that company where I bought and they will send money to my bank account. For bigger amount I will try to find someone on localbitcoin to sell and use my Payoneer card (it's a debit card that my country's tax authorities can't see or don't care about). But I don't think that tax authorities care about payments under ~$5k.
Right now I only have around $150 worth of Bitcoin so I just keep all that on Poloniex. Once I will have more I will keep there only that I trade actively.
Hunter Roberts
OP how active are the Telegram chats?
Samuel Nelson
The P&D group, dead. Gonna delete it soon then remake when alt season is back.
Bootcamp has activity.
LTC will probably dump a lot after segwit is released lol. buy rumor/sell news.
I don't tell people my amount of anything but if I'm right just 30% of the time, I'm break even but I'm way above that.
Mason Sullivan
I know bitfinex has been hacked. But are they still on business? I saw a lot of transactions on them on crypto compare.
Aaron Price
30% can be enough with a good profit/loss ratio
Isaac Hughes
I can say that i know for a fact that LTC will pump. Rumor/News doesn't always apply. Especially to crypto.
Hudson Johnson
Also what kind of strategy do you use?
Brandon Edwards
They gave everyone a 30% (or something close to do this) haircut. Its a high volume leverage trading platform with a good UI so it still gets business just nothing compared to where it once was.
Grayson Perry
thx
Sebastian Nguyen
Which one do you recommend.
Dominic Flores
For leveraged trading?
1broker for x5 margin okcoin futures for x10/x20 Bitmex for x50-x100 but very small positions
1broker is the only one that works in the US without a VPN though.
Isaiah Brown
Myriad?
Ryan Jenkins
If it keeps falling tomorrow I'm out
Jose Moore
Anything fundamental happenings with it soon?
What price did you get in at?
Charles Barnes
Why? Do you have a strategy or is just afraid?
Justin Richardson
Prepare for another drop soon, coinfags.
Shitcoin is still way up over the last month. A robust price rise needs to be built on a base of long-term users, of which there's no evidence of behind the last month's rise.
It's massively overbought.
Eli Jones
Also
BACK BELOW $1000 AHAHAHAHAHAHAHA
Asher Allen
How does it feel to invest in a currency propped up by heroin and cocaine?
Kevin Reyes
whats so funny? never heard of shorting? or are you too poor to put up the capital required to make any money doing it?
Connor Cox
Fucking awesome, faggot.
lol this guy is a nocoiner who much rather wait for the next hot tip on robinhood.
James Kelly
Halving on the 18th or 19th of January. It's pretty much at the bottom after a long accumulation.
Hudson Reed
cope.
BTW I bought in 2012 when it was below $10. How does it feel to know will never have 10,000% gains, like me?
You keep your shitpost AHAHAH, I'll keep the money bitch.
Nicholas Smith
Is it a goood idea to buy 10$ worth of every meme coin ?
Josiah Ward
meh. I guess.
Also quick update on BTC.
We could either in an EW cycle (doubt it now) or a C&H that started all the way from the last high in 2013.
My guess, the next few weeks are gonna be a downtrend/consolidation then a huge fucking megabull run.
Finding bottom is gonna be a pain in the ass though.
Kevin Clark
What turd are we going to manipulate this weekend
Jeremiah Hall
yes. Diversification
Oliver Murphy
agreed with this showerhead, i am still skeptical on ICN personally, but the rest of the alts u mentioned i am bullish on. i got out of BTC around $950, looking to buy the dip ;)
Christian Hernandez
To anyone looking to arb something
Market buy SBD on poloniex and market sell it into SBD on liqui.io
Cooper Jenkins
Arbitrage opportunities are self correcting within minutes of appearing, thanks for speeding up that process by pointing it out you fucking idiot.
Caleb Wright
einsteinium please
Nicholas Reyes
can someone please explain how 100x leveraged bitcoin works? can i just buy and hold?
Ryder Morgan
You get liquidated if the price goes below a certain price and opposite if you sell (short).
James Mitchell
If the price goes 0.99% in the wrong direction you lose everything. People only use huge leverage for FOREX because it has close to no volatility. 1:100 in crypto is suicide.
Chase Clark
Oh its the riskiest thing ever but at 1% of bag per trade and you stick to a certain plan, you'll be fine.
Liam Long
I stuck to my 1% plan on x50 margin and this is what I'm at right now
Isaiah Scott
Are we actually going up again now that China FUD was disproven?
Colton Nguyen
We are in a very exceptional market.
Samuel Lopez
why is it so difficult to buy altcoins? >having to get separate wallets >some wallet addresses don't work >no one is selling >no one is buying
what's the point in diversifying again?
Jordan Myers
Why do you guys choose to trade in crypto currencies instead of other types of trade?
Kevin Clark
My guess is ease of access plus the volatility making people think they can make quick cash. For some (holders) it would be the constant trend upwards. Media attention plays a big role in the last few years.
Bentley Hall
Relatively no fees to trade for one, most 'traders," are just drug buyers from any of the darknet markets who are new to trading entirely, funny as fuck twitter community, and overall kind of easier.
Also compared to just stock, keeping track of the entire crypto market is so much simpler with just keeping up with your twitter. Just more fun overall and scary as fuck which I looooove.
Aiden Nelson
I just started on this Bitcoin business with Electrum. Can someone send any amount as a test for me? Appreciate the help.
Sign up for faucets and make it a daily habit. Turn off adblock so the sites stay up. If you want to be trader, learn forex trading on simplefx.com/?sfx-r=b8f1124b-8cdb-4a37-991e-50576b311a91 with a demo account, and research forex trading on youtube or the links in my OP.
John Parker
I'm not actually begging. I just need to test real quick before I delve more. Someone can send a Satoshi for all I care. Thanks for the tip regardless.
Isaiah Gray
>mfw in ICN since ICO
Nicholas Thompson
Bought some below ICO price, sold around top, bought back in at 28kish and gonna try to sell profits at top while keeping my initial investment for a long time.
Adam Garcia
ah a scraper, good, lots of moneys to be made.
Connor Edwards
lol need to keep with my goal of 5% returns daily.
Been difficult lately since no alt season but meh. Wasn't in a long on BTC cause I don't like entering during a parabolic area.
Noah Jenkins
are you on whalepool too? I don't daytrade, there's no much point to it for me, just find good projects and buy a bulk.
Evan Gray
lolno. I got banned from the telegram, just in the teamspeak whenever something big is happening like that Roger Ver interview a while back. Don't think I wanna talk to the guys ever.
Dominic Hill
ayo, you was trollin' ?
Jeremiah Wood
Shilled something retarded as a favor. My friend is a mod there but he can't unban but whatever. Are they actually a good room?
Julian Moore
who, whalepool? I guess so, been listening to them since late 2014, they're full of useful information, like attending class with an interesting professor.
Ayden Howard
the people from Bfx and Kraken use it as an outlet, so it's always fun
Andrew Jenkins
Has buttcoin already hit its price recovery level today at $900? Is it going to go higher before the downtrend or is this it?
Hunter Sullivan
Too volatile right now to confirm a trend cause right now this is either the overdue correction or straight up done with the bullrun (doubt this one though).
Kevin Flores
he hasnt bought LTC yet
hahahahahaha
stay poor cucks
Leo Campbell
My guess is that it will go down some more. Im just waiting on this little raise to finish, then i sell
Aiden Thomas
I bought bitcoins after the initial drop from 1170 to around 1100 thinking that it would recover like that drop in November. Should I just take the hit or use the bitcoin to trade in alts?
Asher Torres
Alts.
Carson Anderson
Keep holding. Go long. Next halving 2020. If you are new to Btc alts will completely fuck you. Have fun
Isaac Hernandez
What's happening with siacoin ? The volume is unusually high on polo.
Charles Anderson
Look what I found. Lol.
Angel Taylor
...
Joseph Green
What's the better strategy? - Buying 8 potentially good smaller altcoins for $20-20 each - or using my $160 for careful(!) margin trading on bigger altcoins? Time frame: 4-5 months
Nathaniel Howard
got pumped two nights in a row seems quiet today tho
That channel is amazing for learning TA on Bitcoin. Gonna remove the aluna guide.
Tyler Hernandez
Thanks, great youtube channel! I need to study margin trading for a little longer. For now I just divided my money into six altcoins.
Landon Johnson
based
Isaiah Roberts
What should I use for bitcoin and litecoin wallets on fedora linux?
Luke Nelson
BUY LITECOIN
Benjamin Rivera
dead coin shill.
Zachary Sanders
There's a bull flag though. Buy goyim
Adrian Flores
already took my 50% profits on bitmex, i think it could go a lot higher, but i am not confident because i don't know how segwit will affect the price long term. I guess difficulty will increase x2, but dat transaction time though. and i'm sure btc miners will go to litecoin as price rises, which increases security of network. i hope it all works out in the long run, and inspires BTC chinese mining pools to pass segwit!
Caleb Mitchell
where to buy uk pls
Blake Ross
I used to trade crypto. I get it. It's fun, simple, and full of memes. But what is the point of it all?
Hardly any of these currencies are used to buy anything. Only bitcoin has any sort of usefulness regarding liquidity. So, why all these extra coins? Is it all a web of P&D schemes? If so then I don't see where this market can go in the future.
I'd like to imagine a time in the future where there is a thriving cryptocurrency trade, with volumes rivaling the stock market. People gambling in backrooms using USB sticks as currency. Professional crypto traders with walls covered with monitors. Crypto hedge funds, federal raids on crypto pirates. It's all very cyberpunky.
But, I don't know guys. Where is the staying power of this meme? Does anyone else feel the same way?
James Moore
It's a new currency so many businesses have not adapted to this. More businesses may or may not adopt crytocurrencies so the future seems uncertain for now. The stay power seems to depend on if people adapt them or not. I hoping that people will use bitcoins or other currencies since they seem to be growing in time.
>I'd like to imagine a time in the future where there is a thriving cryptocurrency trade, with volumes rivaling the stock market. People gambling in backrooms using USB sticks as currency. Professional crypto traders with walls covered with monitors. Crypto hedge funds, federal raids on crypto pirates. It's all very cyberpunky
True, people think adapting new tech will improve the world but improperly adapting new tech will bring us a more dangerous and competitive world that make everyone suffer.
James Roberts
Been reading up on Cryptocurrencies for a while now. Today I create a wallet, bought a part of a Bitcoin and an account on poloniex. Must transferred a test amount to poloniex on BTC. Not sure what strategy to use but will play with a few test buys/sells using small amounts to get the hang of the basics. Would seem that buy and hold in the long-term is a must do but would be great to take advantage of that volatility to with some short-terms bets. Any suggestions for a newbie would be welcome.
Ian Collins
Must transferred = Just transferred.
Noah Mitchell
what price do you see btc in a year guys?
Xavier Smith
Relatively newbie here too... Bought 8 different smaller coins to play the "hold and sell at pumps"-game, but after a day I'm bored already lol. I think I'll sold them and just yolo-ing with margin trading because I don't have patience to play like that.
Christopher Jones
$1100
Christian Smith
I saw it's possible on at least some of the exchanges to use Orders to buy and/or sell at target prices. Might be a little less boring but, to be honest, if I could buy and hold for a few years and get big x then I would be super happy with that. Would get interesting at that point deciding how to take profit. I have a real talent for making the market do the opposite to what I wanted so I'm not going to be a good short-term trader. I'm looking for coach!
Joshua Martin
Honestly if you have a talent for being a counter, you can become quite famous and make money eventually in other ways. The perfect example being "d_seaman," or David Seaman who was a giant indicator in the crypto world for where trend was going. If he said he went long, you go short.
Seriously worked out most of the time, not joking.
Now the smug twat is out of the crypto game and makes money with his pizzagate videos on youtube.
lol just give me the money, I'll trade it for you.
Gavin Long
>Honestly if you have a talent for being a counter... As soon as I wanted to be contra, my predications would happen!
Owen Brooks
Easier to become famous by being stupid.
Aaron Rivera
>You predict the market, your investments are doing well, people follow you, you make big money >You don't predict the market, your investments are shit, but people follow you to counter, you make money What's the problem?
Daniel Thompson
WELP today sucks
Gavin Perry
Is this just a dip right?
Anthony Harris
Buy XHI COIN guys. huge buy volume! this coin will triple within the next few months I've been watching it for a while. made a decent amount buying and selling dips
Jace Phillips
In all seriousness, if BTC hits 500 should I dump all my savings on it?
Oliver Torres
ive been out of mining and trading for a while, computer broke. now ive got it up and running again, and I've got a better gpu and free power, so im looking to mine some kind of coin to make some free money on the side. i know it isnt crazy profitable, but I think i could make some beer money on the side if i mine the right coin and then use it to trade other alts back when i was last mining the best coin was eth but it looks like its taken a fall, is it still best to mine? or is xmr or something else now the new go to?
Jayden Baker
ALL COINERS ON SUICIDE WATCH
Kayden Cruz
660 is my guess. It's the 50% fib level from the low of 160ish to the recent high.
