I would also like to compare Bitcoin to something else
"Time for a break let's look at trading view ideas a bit". Seriously looking at daily and weekly charts is way more fun than 1 hour with 36 technical indicators I think I will spend more time doing this instead.
I noticed (again) some people comparing Bitcoin -0.24% to other markets (with the right TF the right indicators the right everything carefully chosen to make it look bullish ).
Well I need to bring balance to the force. Since I cannot be that dishonest I am comparing gold 0.93% to digital gold 0.93% on the SAME TIMEFRAME with no indicators.
Clean, unbiased, naked charts.
Here is an alternate one for gold 0.93% , but that is too crazy lol
I compared Bitcoin -0.24% to Nasdaq in 2000 using the timeframe that I think made it look most bearish . This is fun and all but I am not spending more than 10 minutes on that chart. I think the result is satisfactory considering the time spent.
Looking for reasons for your gamble money to go up is the safest and one the the most common and quickest way to end up with empty pockets.
Within the thousands of charts, dozen of possible timeframes, hundreds of indicators, and millions of settings for each indicator, you WILL find something that will confirm your "belief".
Investing and trading is not about cherry picking facts that make you feel good.
That gold 0.93% comparison thought....
Just use Wall street cheat sheet for this and stick to the rule (wait am I actually saying this?). How dumb is that. People are making their own rule LOL.
I noticed (again) some people comparing Bitcoin -0.24% to other markets (with the right TF the right indicators the right everything carefully chosen to make it look bullish ).
Well I need to bring balance to the force. Since I cannot be that dishonest I am comparing gold 0.93% to digital gold 0.93% on the SAME TIMEFRAME with no indicators.
Clean, unbiased, naked charts.
Here is an alternate one for gold 0.93% , but that is too crazy lol
I compared Bitcoin -0.24% to Nasdaq in 2000 using the timeframe that I think made it look most bearish . This is fun and all but I am not spending more than 10 minutes on that chart. I think the result is satisfactory considering the time spent.
Looking for reasons for your gamble money to go up is the safest and one the the most common and quickest way to end up with empty pockets.
Within the thousands of charts, dozen of possible timeframes, hundreds of indicators, and millions of settings for each indicator, you WILL find something that will confirm your "belief".
Investing and trading is not about cherry picking facts that make you feel good.
That gold 0.93% comparison thought....
Just use Wall street cheat sheet for this and stick to the rule (wait am I actually saying this?). How dumb is that. People are making their own rule LOL.
Comment:
This
Comment:
Ok so it seems the people making these terrible side by side charts and arrows pointing to Bitcoin 1 million also make ridiculous arrows showing immense gains for everything else. Not going to link anything. You see this anywhere, EURUSD for example.
"Let your winners run" Yeah... run away from me...
I guess we figured out why they sell courses and signals rather than make money trading and investing. I am pretty sure they know what they are doing. Just pick any chart draw an arrow showing we are at a bottom, gigantic gains and you get all the gambling noobs excited.
What do noobs and gamblers want?
1- Some simple easy to copy paste idea.
2- Gigantic gains. Huge winners.
3- To get in at the very bottom.
And this is exactly what those guys are providing.
I would say, looking at views and likes, 80% people are drawn towards these kind of ideas.
80% of traders lose...
"Let your winners run" Yeah... run away from me...
I guess we figured out why they sell courses and signals rather than make money trading and investing. I am pretty sure they know what they are doing. Just pick any chart draw an arrow showing we are at a bottom, gigantic gains and you get all the gambling noobs excited.
What do noobs and gamblers want?
1- Some simple easy to copy paste idea.
2- Gigantic gains. Huge winners.
3- To get in at the very bottom.
And this is exactly what those guys are providing.
I would say, looking at views and likes, 80% people are drawn towards these kind of ideas.
80% of traders lose...
Comment:
The right way to trade or invest. Be organised.
Going to be honest at school we boys never managed this. I'm 30 & I still don't clean my room too.
But when you clear your mind and do things mecanically the right way, it's really awesome.
Like holding a piss for a really long time and then letting go, what a relief! Wow I'm such a poet.
Anyway, first of all these trolls are clearly doing things the opposite of the right way.
The top way of doing things? Have a checklist!
It could be something like this:
News
Social opinion
(Interest rates - does not apply to crypto)
Futures positioning
Mining prices (crypto only)
Naked chart Technical Analysis
Oscillators
You have some liberty to look at various things, you do not need to be a frozen robot, but still, you gotta check everything. Here in this example you would always look at all of these and draw conclusions. Give it a final score or something. For people that are biased and look for reasons as to why they are right, ideas that tell them "yes, your magic coins WILL go to 1 million", having such a methodology would be a savior.
This is similar to my post about BTC being a bad investment where I looked for several facts.
I am interested in this subject, I will probably try to design something here, I will post a new idea.
Going to be honest at school we boys never managed this. I'm 30 & I still don't clean my room too.
But when you clear your mind and do things mecanically the right way, it's really awesome.
Like holding a piss for a really long time and then letting go, what a relief! Wow I'm such a poet.
Anyway, first of all these trolls are clearly doing things the opposite of the right way.
The top way of doing things? Have a checklist!
It could be something like this:
News
Social opinion
(Interest rates - does not apply to crypto)
Futures positioning
Mining prices (crypto only)
Naked chart Technical Analysis
Oscillators
You have some liberty to look at various things, you do not need to be a frozen robot, but still, you gotta check everything. Here in this example you would always look at all of these and draw conclusions. Give it a final score or something. For people that are biased and look for reasons as to why they are right, ideas that tell them "yes, your magic coins WILL go to 1 million", having such a methodology would be a savior.
This is similar to my post about BTC being a bad investment where I looked for several facts.
I am interested in this subject, I will probably try to design something here, I will post a new idea.
Comment:
Ok so... Since "decentralised" mining is now centralised within very few big farms - at those prices individuals cannot make it work - what if this little group were looking at buyers, and making sure they sell just enough for the price not to go down?
It is possible I suppose...?
There is still some trading volume, but the thing is not moving at all?
Come on is that only noobs "scalping" with a huge risk of massive slippage when a break occurs? Or only wash trading and all that stuff?
It's been 50 days...
It is possible I suppose...?
There is still some trading volume, but the thing is not moving at all?
Come on is that only noobs "scalping" with a huge risk of massive slippage when a break occurs? Or only wash trading and all that stuff?
It's been 50 days...
Comment:
All this bad news and the price is not moving...
Something is wrong with the crypto cult.
That's it they have been completely brainwashed.
Oooor it's just the usual manipulation.
When there is news, there always is a reaction.
Whatever, deep in the green on my short, got my stop loss watching out for me, longs have been paying shorts for the past month ("buy the bottom"), I can just sit on my butt and enjoy the passive income. It can last as long as it wants, I don't mind :D
Something is wrong with the crypto cult.
That's it they have been completely brainwashed.
Oooor it's just the usual manipulation.
When there is news, there always is a reaction.
Whatever, deep in the green on my short, got my stop loss watching out for me, longs have been paying shorts for the past month ("buy the bottom"), I can just sit on my butt and enjoy the passive income. It can last as long as it wants, I don't mind :D
Comment:
Someone posted the price of bribes to have true believers of crypto that want to bring down evil Wall street and money printing central banks, and care about the tech, shill your worthless magic beans.
For them to hide that the message is sponsored, add an additional 20% :)
NewsBTC 4000$
Bitcoinist 3600$
Cryptovest 2100$
GlobalCoinReport 1400$
AMB Crypto 1300$
Coinidol 1000$
BTCManager 1000$
Blokt 900$
CryptoPotato 900$
Coinspeaker 500$
Cointelligence 300$
CryptoNinja 200$
I do not know if this is true but it was said MacAfee charged 100.000$ to shill a shitcoin.
No comment is required.
On another subject, for the first time crypto with all the bad news and drop in interest, has not seen its prices dropped. So my question is, will miners and exchanges ever stop manipulating the price? What happens when people find out?
For them to hide that the message is sponsored, add an additional 20% :)
NewsBTC 4000$
Bitcoinist 3600$
Cryptovest 2100$
GlobalCoinReport 1400$
AMB Crypto 1300$
Coinidol 1000$
BTCManager 1000$
Blokt 900$
CryptoPotato 900$
Coinspeaker 500$
Cointelligence 300$
CryptoNinja 200$
I do not know if this is true but it was said MacAfee charged 100.000$ to shill a shitcoin.
No comment is required.
On another subject, for the first time crypto with all the bad news and drop in interest, has not seen its prices dropped. So my question is, will miners and exchanges ever stop manipulating the price? What happens when people find out?
Comment:
The global order book is mainly on Bitmex and they are the ones with all the volume.
If they maintain the price at 6400 indefinetly...
Should I just open a huge short with a liquidation price at 6500 & profit from the funding? It is positive in 8 hours once again...
I would get 0.03% daily (of position size), and lose 1.4% if we go above 6500.
Well I do not expect the price to stay there for another 45 days..
Could I... open a big short position right before funding, and then get out after?
Risk reward would be 1:150 thought XD
It's just boring, I just want to go look at Kraken order book and scalp but no one is trading anything...
Oh well just going to keep working on my methodology and I think I will look at stocks seriously and start swing trading those.
If they maintain the price at 6400 indefinetly...
Should I just open a huge short with a liquidation price at 6500 & profit from the funding? It is positive in 8 hours once again...
I would get 0.03% daily (of position size), and lose 1.4% if we go above 6500.
Well I do not expect the price to stay there for another 45 days..
Could I... open a big short position right before funding, and then get out after?
Risk reward would be 1:150 thought XD
It's just boring, I just want to go look at Kraken order book and scalp but no one is trading anything...
Oh well just going to keep working on my methodology and I think I will look at stocks seriously and start swing trading those.
Comment:
If I want to play being a market maker on mex:
0,0078% from the spread
0.0250% fees received
100000 contracts * 0.03% = 30$
Buy at 6410 price drops to 6408 when you sell = a loss of 0.03%
Smaller size is easier to get rid of quickly.
Oh I just want to DO SOMETHING AAAAAH.
0,0078% from the spread
0.0250% fees received
100000 contracts * 0.03% = 30$
Buy at 6410 price drops to 6408 when you sell = a loss of 0.03%
Smaller size is easier to get rid of quickly.
Oh I just want to DO SOMETHING AAAAAH.
Comment:
Coinbase to launch their IPO:
An amazing opportunity for crypto speculators to invest in a big growing niche
Or an amazing way to throw money out of the window (users are dropping buying and selling is non existant, coinbase fired 25 people)
An amazing opportunity for crypto speculators to invest in a big growing niche
Or an amazing way to throw money out of the window (users are dropping buying and selling is non existant, coinbase fired 25 people)
Comment:
Found out how to chart gold since 1970 on TV
Comment:
:)
Are we finally going to lose support and fall?
There is a trendline @5500 thought so if we fall the downside will be pretty limited.
Will we go up to 9000 or more before going down?
Why is this thing not doing anything for so long?