As we have a retarded amount of newbies that do not know what they actually do, I thought I write something for them. Way too many people lose money in a market where this is actually hard if you follow some guidelines.
I will post this post several times over the next few days, just so it reaches out to as many of the newbros as possible. This is Veeky Forums and even if the recent spurge of /pol/tards and wanna/b/s is somehow disgusting, some of the newbies seem to be actual okay guys.
Read it, understand it, try it. This is what will indeed make you money. I dont want to overly shill support-graphs and triangles as the holy grail of reading graphs (MACD, bollinger bands etc. are also important), but they help you to analyze and understand the history of the graph better. Also they often confirm themself through their broad usage alone. And it all boils down to probabilities and anticipation - not prediciting the future, because this is impossible.
After this, you need to take into account news & rumors. Buy the rumors, sell the news. It sounds easy (like it was in the case of DGB), but sometimes it is a bit harder to distinguish, as many things are bullshit and the devil is in the details. E.g. the minecraft-server of DGB: it was shilled as a big step from the supporters (always missing, that it was a 3rd party and not a big deal) and heavily under fud, when it was discovered that the 3rd party had a fucking link to a cracked version of minecraft on their site (again: never pointing out the fact that it was outside of the reach of DGB).
After that, it is just a matter of practice. It all comes down to probabilities, beein able to cut losses, evaluate informations and not getting emotional. Part 1/2
Then you need a set of rules, e.g.: - set stop-limits every fucking time you buy into something - dont buy at or near a new ATH (rarely goes well) - there WILL be a dip, even if it is only a small one - never buy, because you "might miss something" - always have a valid reason (and no, "Veeky Forums said its gonna moon" is not a valid one) - do your own research will help you to distinguish shills and opportunities - never rely on single platforms alone - reddit, twitter, bitcoin forums, Veeky Forums, blogs, news-sites etc. are very good as a whole, but normally kinda shity on their own (stay away from zerohedge tough - tinfoil alert) - never focus on a single currency alone; diversify in at least 2 time horizons (1-7 days short term (ST); 2-4 weeks mid term (MT); 1-12 months long term (LT)) and reevaluate them accordingly - never!!! daytrade with more than 5% of your funds per week/month, if you are not consistently in the greens with these 5% - if you are in a ugly situation (like having >50% of your stuff beeing stuck in a coin) and NOT in dire need of money: HOLD YOU FUCKER! The market is exploding and the burst of the bubble is months if not years away, you will at least get your money back, if you did not buy useless coins on small platforms like yobit - stay the fuck away from yobit - starters are fine with poloniex and bittrex
Important sidenote: Set stop-limit-orders at e.g. 95% of your entrance point/adjusted to the current price when you are away from the computer. Yes, sometimes it is only a short bounce and you lose some money or profit while the value goes bonkers afterwards - but most the time, it just prevents you from heavy losses or missing opportunities to sell your stuff at a good price because you were sleeping/shitting/suffocating on a cheeto while wanking on your possible profits while selling on a ATH.
In 2-3 weeks, when you made some money out of my suggestions, you may tip me a beer: 1CQF625V4t7b8tCLcSbzK4rhmp3L6g1Kyq
Anthony Ward
Thanks. I know nuffing about cryptoinvesting, I know something about some other things. Just plain wise words. I thought it is really important in this world too to set simple goals, but also I think the dream in the background "I'm gonna fuck a model in that lambo" is as important for long-term success.
I feel it is great to be at Veeky Forums and reddit although there's some niggercoins poppin' in and out, but it does give your subconscious (no folio) something to chew. Like you meant I guess, just find all the information you can get, twist it, squeeze it and chew it another round.
Thanks boh, did set that address on my notebook.
Tyler Williams
How to become a master at technical analysis.
1. Draw a FIB retrace from the start of a move to the peak. 2. Enter market when it dips to the 61.8 FIB 3. Panic sell when the next pump starts to dump. 4. ?????? 5. New lambo + $10,000 road bike with full DuraAce Di2, some SICK 37mm deep wheels, and dual sided power meter.
Sebastian Robinson
I hope it will help in the long run. These rules will also be expanded and improved, as this is only a short rundown I thought about during a break on my job (I work in finance).
Too many people burn their hands on this market without having to. Banks, whales, institutional investors etc. are rich enough, they dont need the money of someone, who is just out to maybe pay his mortgage, student loan or everyday stuff. Lets help these people instead of the whales, scammers and shillers.
Anthony Davis
Would you FUDders stop talking about this minecraft as something that boosted DGB? You seem to agree that it was fanmade, but DGB was mooning LOOOOONG after it was announce because of its technical capabilities and exposure. No one, except biz (who you think controls the markets) cared about the minecraft The minecraft was just a overrall gradual investor thing, and it if it actually does take off in someway, there will more to come. Also, you are forgetting it mooned 3 times after short dips. But i guess according to you, its muh minecraft rumor. The 4th moon was literally cause by citibank, which i have to give it to you, but lots of people were counting on them getting first, but they still placed as finalists
Btw, i can tell youre a newfag who only traded cryptos for a month.
>look, i wrote a wall of text of a coin i missed out on. Give me your btc!
You want to know who the real crypto millionaires are? People who bought and held btc, eth, and now dgb, which is why op wont post his actual blockfolio.
Charles Morris
Have you not seen how many people come here asking what to do? This is decent help for them.
Carson Garcia
Seriously, the fact that you think DGB was mooning all because of muh minecraft and not becaues of citibank or it being introduced on the korean exchange, just proves your a fud trying to trick newfriends. Literally kys,
and btw, ive helped a ton more nu coiners than you buy actually teaching them how to buy btc and long term invest on good coins.
Benjamin Perez
exactly. hes a fucking clever fud, reposting the same shit anyone whose been into crypto for 2 weeks would know, but having it purposely designed shit on DGB investors. Im so fucking sick of these FUDs and this minecraft shit, its more reasons why i have to keep posting the DGBinfo to nu coiners.
Do you know much money ive made people by telling them to invest in dgb when it was 100, 300, 600? I was using as much fundamentals i can, analyzing the coin, the latest news, ONLY FOR THIS FAGGOT FUCK OP SAYING IT WAS ALL MINECRAFT
Im sorry OP, i want to literally gouge out your eyeballs now. And i cant wait for my DGB investment to pay off so i can post smug anime girls to you.
Sebastian Ross
I don't think it was ever this person's intention to offend your investment choices, they're just trying to help.
Alexander Turner
Thx user, this thread should be pinned. Good advice!
Parker Bell
This had nothing to do with you and your coin. He was just using it as a clear cut example of how/when to buy the rumor and sell the news. Good for you that you made money off DGB, that's great, but lots of people lost money when they panicked. Maybe if they had read this sort of post before they wouldn't have panicked and DGB wouldn't have dropped so drastically. Not everything is a slight against you, relax.
Benjamin Morris
You want me to post a screenshot of an app, which values I could heavily inflate / deflate / change, before you believe me something that I never stated?
I dont think that I need to prove something, as I just point out basics. It is nothing special, just a rundown of basically every mistake I saw in the last 2 days alone on this board.
These basics are ignored by many newbies. Guys who lost money on DGB because of hype and shills, people who tried daytrading without a clue what even a candle is and so on. I just want to prevent the needlessly rich guys from becomming needlessly richer. My house is paid, education for my children is paid and I am happy with my job (yes, I still work).
We would have had needed such posts months ago, when all of this started. Veeky Forums became bitter and edgy like these boards - Veeky Forums was always a place of reason and I would appreciate it to roll back to these times. Not because I cannot cope with it but because everyone is missing out opportunities or is just losing money, listening to wrong advise, scammers or trolls. This craftsmanship is best learned slow and steady, not like many here propose with "mooning" or "lamboland" or "we all are gonna be rich". Simple minds or uneducated people will just run into their demise that way.
Regarding the BTC adress: Newbies wont give out huge amounts of bitcoin and it is not what I want. It is just for me to know that I reached someone and can drink a beer on their behalf, when the sun sets and I sit down together with my friends.
Brandon Stewart
Addition: with "these boards" I wanted to specify /b/ and /pol/. The influence of these boards became obvious in the past weeks, not just with the whole niggercoin-cretinism.
Cooper Scott
Chill user, I'm hodling a shitload of dgb and didn't in anyway that this is a fud. I think it's good to give newbies an intro to all of this although I'd expect from anybody who tries crypto to first learn basics before diving in deep.
Jacob Russell
Before anybody says that I'm a bagholder, I'm not, got in at 300sats
Joshua Nguyen
How do you set stop limits on bittrex/poloniex?
Luke Gray
Polo, middle column.
Read the example on stop-limits to make sure you understand how they work here.
Thanks a lot op, most help threads get answered with "fuck off" so its nice to see someone willing to give actual advice for a change. This may sound dumb but if it wasn't for all the stupid ass nigger coins I wouldn't have learned about how exchanges work.
Austin White
...
Evan Nguyen
why the hell would you help newcoiners? are you actually retarded? trading is a zero-sum game, the losses of others are the gains for us. let the normies and the newcoiners jump into the market and let them be as retarded as usual, this means there'll be more morons to buy our bags when the time to dump will come
Jacob Roberts
Yes but Veeky Forums is not the whole market is it? It's a forum for discussions. Would you not rather have more 'smart' people posting here? There's still enough retards out there for you to make gains from.
Cameron Cook
90% of what i own is in crypto (+2500%) Let it crash already so newcoiners btfo
Ryder Hill
He thinks he will get rich off Veeky Forums "buying" his bags
Angel Harris
Veeky Forums has made me some money in the past and I like it but I'm getting tired of impulsive and angry people, wish I could find somewhere else to meme about
Jose Johnson
>draw meme triangles
TA is equivalent to palm reading
Gabriel Fisher
>let the normies and the newcoiners jump into the market and let them be as retarded as usual, this means there'll be more morons to buy our bags when the time to dump will come
2 Reasons.
1st: Like already pointed out is Veeky Forums a neglectable amount of the whole market. Many people get burned because they wont read anything at all, just because they have read something on facebook. By making it to Veeky Forums, you actually showed at least some dedication, which is actually more than 90% of all newbies do.
2nd: I liked the old Veeky Forums. It was enjoyable, as there was reason and calmness. Sure, we had our share of idiots but it was not the majority. Today, you need to actually look for reasonable toppics which do not consist of >look how rich I became - larpers >begging >TO THE MOON WITH THIS COIN!! NO WALLS TO X0000 SATS!!! >Muh niggacoin >lets show off our portfolio and >I fucked up I just want to spread a small amount of common sense in Veeky Forums, just so the people see that Veeky Forums did not became /pol/ or /b/ 2.0 but with crypto currencies. I see threads about technical analysis from graphs of promissing coins now and then, but it always will get invaded from people who cannot comprehend what they are looking at.
Less and less sophisticated people to talk with about stuff that need more than one working brain cell. It gets like /pol/ and /b/ more and more, except that Trump and gore/porn gets replaced with every available shitcoin thinkable.
Isaiah Cox
then get out you delicate little flower, go shitposting on reddit with pussies such as yourself
David Perez
This is good info, something to think about, thanks for sharing!
Kevin Robinson
I fucking love you
.. ... trading is a zero sum game so my loss would be yur win.... y r u doing this?
Juan Ortiz
>hasn't invested in Footcoin This shit's gonna shoot up, and you don't want to be late Go ahead and invest in it
Jordan Wood
>.. ... trading is a zero sum game so my loss would be yur win.... y r u doing this?
See 1st reason.
Julian Ramirez
One important addition:
NEVER EVER trade with money which you cannot afford to lose. 100k DGB wont make the landlord happy, even if it might spike up again and get you dem delicious gains, which could lead to homelessness faster than you can imagine.
NEVER EVER lend money from relatives, friends, colleagues, banks, neighbours or the mafia just for trading cryptos. If you lose money, you not only may put them in financial danger but also the relationship between you and them can get strained or break. No money on the world is it worth to risk or even strain your relationship to a loved one. Especially when we talk about the mob, you are in for a world of hurts if you want to tell them that "THE COINS WILL BE WORTH MORE NEXT WEEK, I SWEAR!!!" when they come to collect their money.
Matthew Robinson
Inb4 "DGB SHILL!!!!!" - it was the most recent example on how many newbies got burned by it.
Dont get triggered about it, just because I mentioned it.
Landon Martin
who gives a shit about others? just lend the money from other people\significant others and then do your best to not pay them back. unless they're some sort of mafia or you have legally binding contract, you're most likely to get away with it
Christian Perez
...
Camden Phillips
Has someone actually loaned money from the mafia to buy potcoin? them keks for that user
Hunter Diaz
There are many stupid fuckers out there, doing stupid things. I would not be surprised if people whore themself out for money to trade with. Especially in cryptos, I am sure it can be as addicting as gambling. It is not like stocks, where you pay several dollars to put up an order.
Cameron Gonzalez
nice fb meme faggot
Jayden Hill
OP, I will sound like an autist but I was with you until you posted this normie pic. I believe reaction pics tell more about yourself than people expect and your choices make you look like an unimaginative conformist. Otherwise you sound decent so don't let me stop you but I hope you will take note that I'm not the only one who feels this way.
Jeremiah Reed
OK a complete retard here. Could anyone explain to me what does the following stand for:
>ATH >shills >stop-limit-orders
Ian Allen
Yes I have to admit that I'm addicted
Thomas Rodriguez
>ATH
All time high. As in, the price.
>shills
People who go "holy shit guise have you heard of this coin" in order to pump its price. Alternatively, people who go "holy shit this coin is shit sell sell sell" in order to drop its price.
>stop-limit-orders
Just an order to buy or sell once a coin reaches x price.
Eli Martin
you see what I mean OP? there's a wave of newfags that is seriously disgusting. whenever they post some doubts, don't reply to them. let them drown in their own ignorance. if they're too lazy to look for informations on their own, then they can fuck off and go bankrupt
Ian Wilson
Reminder that all of this is little better than gambling. Be about as cautious with crypto trading as you would be on a poker table
Ian Perry
Oh wow it's another >babby who's been trading for a few months tries to gice me advice edition.
>always set the stop losses! It's free insurance guys! Kek. I used to be like you
Fuck off with this shit though. We have "advice-givers" exactly like you to a tee post the same shit as you every 2 months or so. You people are fucking retarded people who always make these after you think you've "totally figured it out. Just be humble and follow some common sense rules guys." Fuck off newfag.
T. Someone who also works in finance
Hunter Carter
Fuck you too newfag. It's shitheads like you who cause the crash because you idiots aren't used to losing 60+%, yes 60% of your entire portfolio and still just holding without breaking a sweat.
Nathaniel Morgan
not exactly true, if the market is bullish we all ride up (with minor trimming of the ranks)
Aiden Wright
OP you make sense in a lot of ways, good job. I've been only trading for 2 months, from 5$ to 250$ rn. Most of the stuff u said i just realized out of common sense over time, and i already knew not to fuck with money u cant lose and never ask anyone for money. Keep up the threads.
Oliver Anderson
>After this, you need to take into account news & rumors. Buy the rumors, sell the news. What does this mean exactly?
Robert Price
I don't know what the fuck I'm doin. Just waiting for news for ENRJ.
Penny stocks and I'm thankful for your posts
Tyler Morales
Technical analysis only really works with currency and futures for very boring commodities, like corn, lumber.
I don't know anybody that ever got rich doing nothing but trading corn futures. People get rich trading in oil futures, but that shit is batshit and not easy to get into.
Anyways, it only works because you wizards *believe* that it works, so if 1000 sorcerers all see that 'enveloping morning star double bullish hammer' they all do the same thing and so the price changes simply because meme'd it into changing.
Value investing is the only one true religion. You TA fags are just jerking each other off on what would otherwise be very flat-trading financial instruments nobody else cares about.
Cameron Jenkins
>What does this mean exactly?
"Buy the rumors" means simply "buy the coin when there are rumors". Rumors spark the interest of a broader buyer base in the coin and therefore it rises up the price of the coin, as everybody wants to join the ride.
"Sell the news" mean that you sell your coin when the news about the rumor gets out. The rumor is what makes the coin interesting - news make a rumor a fact or disprove him, meaning that there is nothing interesting anymore. Exceptions are when the news is actually very good, then sometimes it may rise even further (e.g. when the news create new rumors).
Simple example is the DGB competition from last week. Their participation was highly anticipated and therefore it was bought and shilled like hell. And after this (and due to other factors, e.g. the heavy overevaluation at this point in time) the coin plummeted to the 1000s again.
Anticipating this case is easy. They are a stable bet in the next weeks, regardless what the fud (fear, uncertainty & doubt) will say. They tested the 1200 3 times now, it will show a steady growth and a strong one in a couple of weeks, when it comes to the second part of the competition.
Owen Allen
>Anyways, it only works because you wizards *believe* that it works
Which is exactly what I wanted to say:
>Also they often confirm themself through their broad usage alone.
Cameron Barnes
You wanna know why dgb had a moon again yesterday? Because cryptoyoda on fucking twitter loaded up when it was 1000+/- and then shilled it to his/her 20 thousand followers. Nothing over the top, just 3 tweets from one of the most popular crypto traders on twitter.
When they say buy, it's already too late. When they say sell, it's already too late.
Buy projects, not coins.
Sebastian Carter
>disrespecting NGR
Ryan Bailey
By the way dgb is still gonna make people rich. They're going places.
Daniel Williams
Cryptoyoda also said that he is in for $1 on DGB. We will see what happens on this coin. Project is more solid than many thers tough.
Carson Ramirez
Can you link the tweet that says $1? I only see him saying he hopes people aren't shortterming it.
Blake Johnson
Newbie here
How do I connect my Coinbase to bittrex without them freezing my account?
Isaiah Martin
Does polo impose fees on stop-limits? I get taxed just for placing normal limit orders without the transaction executing
