Music coins are fine & all, but it is a fundamentally limited userbase. Getting over that hump is going to take a lot of work. Also: I'm skeptical this coin can draw much hype in the marketplace. It's too theoretical.
Just reposting myself from February 12 with BTC at around 8.5k. Predicting pricesely how BTC rebounds from multiple bearish months is impossible, but I still think this was the right call overall. I also continue to be happy with my buy-in of ETH around $650.
Trade at your own risk.
BTC downtrend temporarily broken now, but 4H RSI showing divergence. There will be a pullback, whether it is from here or a bit higher. My preference would be for BTC to get higher, then retrace to the downtrend line to use that as a new support, and then move sideways or higher from there. We'll see what happens.
So what's up with DGD acting as some sort of shelter for drops? Last few downturns have seen this token jump ridiculously high.
I have to ask, have you been able to successfully overtime jump back into and out of ETH over time slowly increasing your stack? If so I may want to learn some actual TA and try that next year sometime once I have had enough time to learn and have built a decent portfolio. Being able to consistently increase holdings with swing trading to fiat instead of spending more $$ would be the dream.
Yes, I have increased my stack doing this, growing it by about 63% in 2018 so far just by trading. I don't put in any new fiat anymore. I could have done much better, in retrospect, and am always trying to identify patterns and signals I didn't see before.
There are two things to learn and practice:
1) determining what you think will happen to the price in a given period of time by studying whatever indicators work for you; and
2) profitably trading based on your prediction.
I am continuously working on improving at both of those aspects. I think in many ways it's actually easier to predict the move correctly than it is to then trade it profitably. When you are making trading decisions in real-time, it's often hard to pull the trigger and then wait patiently as the price moves in the wrong direction. You have to devise a trading plan and stick to the plan, until the conditions for that trade change sufficiently to invalidate the plan. It's not easy at all. Sometimes my trades don't work out, but I'm getting better at recognizing when to bail and when to stay in a trade. Despite my frequent prediction posting, I also prefer to not do many actual trades. For example, if I'm fairly confident the price is going up, even if I can tell there is likely to be some volatility in the interim, I'm ok holding through that, or might look to only trade a small portion of my stack. If I can see the market flipping from bullish to bearish, I am more likely to fully sell everything under those conditions, to buy it all back lower.
The only way to learn what you need to learn is to study historical and live charts, and then actually trade (probably in very small amounts to start).
Do you have any recommended resources for learning to read charts and indicators?
Yes, I have increased my stack doing this, growing it by about 63% in 2018 so far just by trading. I don't put in any new fiat anymore. I could have done much better, in retrospect, and am always trying to identify patterns and signals I didn't see before.
There are two things to learn and practice:
1) determining what you think will happen to the price in a given period of time by studying whatever indicators work for you; and
2) profitably trading based on your prediction.
I am continuously working on improving at both of those aspects. I think in many ways it's actually easier to predict the move correctly than it is to then trade it profitably. When you are making trading decisions in real-time, it's often hard to pull the trigger and then wait patiently as the price moves in the wrong direction. You have to devise a trading plan and stick to the plan, until the conditions for that trade change sufficiently to invalidate the plan. It's not easy at all. Sometimes my trades don't work out, but I'm getting better at recognizing when to bail and when to stay in a trade. Despite my frequent prediction posting, I also prefer to not do many actual trades. For example, if I'm fairly confident the price is going up, even if I can tell there is likely to be some volatility in the interim, I'm ok holding through that, or might look to only trade a small portion of my stack. If I can see the market flipping from bullish to bearish, I am more likely to fully sell everything under those conditions, to buy it all back lower.
The only way to learn what you need to learn is to study historical and live charts, and then actually trade (probably in very small amounts to start).
To bad my coins are still stuck on CM, i'm gonna miss the ride to the moon.
Well... glad I fell asleep before buying the WTC yesterday. 20% discount today because they fucked up a tweet.... Doesn't take much in this market man, lol.
Cryptopia is where coins go to die, it has no volume to moon anything at the moment.To bad my coins are still stuck on CM, i'm gonna miss the ride to the moon.
Well... glad I fell asleep before buying the WTC yesterday. 20% discount today because they fucked up a tweet.... Doesn't take much in this market man, lol.
Other aspects of the cryptocurrency ecosystem will not be taxed. Miners who receive block rewards will not be taxed, as their services are considered to be voluntary, according to the document.
I imagine they had a lot of internal investigations to do after the BCC fiasco
thanks! (not really sure if sarcasm though ;) )Congratulations on buying some Ven. You choose a wonderful time to enter the market.
Expect only greatness from here on out.
Brandson
Any new update on a short term ETH prediction? There seems to be a possible head and shoulders pattern forming on the 1 day chart.