Conventional wisdom in the cryptocurrency space is to "Buy The Dip". That is well and good when times are good, but is the fastest way to go under under when bitcoin and the crypto markets are on the down trend.
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Perhaps a stupid question, but why is it more people then not, try to acquire more bitcoin then anything? And use alts to do it? As far as percentage of gains, it is by far the worst.
I have kept track of this, and out of all the coins/tokens I hold, bitcoin has done the worst, BY FAR! So I always wondered why??? Am I missing something? Thanks.
I agree with you but I also think that a bear market is a good time to accumulate. I'm not saying to spend your warchest on any three trades but what's the harm in trying to DCA into some cheap assets before they go up? I think trying to guess the dips in a bull market is super risky as well. As always thanks for your great work!
no they try to incite a pump, which they did. People fomo in and they dump when it reaches the objective. they bought the spike all the way up and probably make 2-300 per bitcoin when they dump it. If they pumped in 100 million like you say, tha'ts 14,000 bitcoins. times 200-300. do you really think that is a natural spike of $400 in 25 minutes? Out of nowhere.
I never understood the thinking behind this...So I got this straight, you think some whale dumped $100 million into bitcoin, to lower the price, and lose all of their money??? I see people saying this a lot, but the concept makes no sense. Who would invest a lifetime fortune into something, to lose it?
Once more, 0x is SO much more than just a DEX. Its a PROTOCOL, and its the power behind DEXes(like bitfinex's ethfinex or Aragon or even Paradex that *hint* Coinbase *hint* acquired last week), oracles like Augur or even derivative markets (dy/dx).
Please check it out, I swear i'm getting triggered everytime you call it a DEX.
A technique I use which you may not have accounted for is exponential cost averaging on bear market dips. Example, big red candle buy $500 fiat, a week later if more red, put $1000 fiat and so on while the market is down. With this technique you don’t have to worry about buying at the right time on the way up
Both strats work.. those chasing higher highs during bull runs and those dumpster diving. There are more than 1 way to get to your destination. Both strats have their masters.. there are groups out there running hedgefunds that almost always short for instance.. and make money. Horseman capital was net short pretty much 5 years of a bull market and outperformed it.
The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.