Crypto trading

[jaygreenb]

Notice how bears were not able to push the price down any further tho...people kept claiming bear market but really if you look at it on high time frames, it is a falling wedge, which is a bullish pattern. Price doesn't keep pushing back up after multiple attempts to push it down in a bear market over 10-11 days.

Are you using anything to earn yield right now? Not staking, but lending products or anything through defi. Currently have some BTC sitting on crypto.com getting 6.5% but wanted to start playing around with what's out there. Preferably something relatively safe where I am not going to get rugged. Have to say I am pretty impressed with crypto.com though, if you stake 40k USD worth of CRO, they pay 8.5% on btc/eth plus 10% on the cro staked, considering upping my 4k stake currently. Stable coins they pay 12.5-14.5%

 

[Zimbabwe]

Btc floating around 47k usd for a week relatively steady is definitely manipulation. Hearing price predictions for eth ATH of 20k usd. I am bullish but I see half that at best. It's all dependent on Btc going off.

Congress voted to allow senators to own stock, recent news events have caused a massive dip in Coins.

I wouldn't be surprised if this was market manipulation to buy cheap Coins and sell once the market goes back up.

 

[ryanfincher]

What did you guys buy during the dip?

I got stocks in Mana and bitcoin for real cheap

AVAX LUNA NEAR
Good eco-systems projects, they are booming

 

[DEEZEDBRAH]

Congress voted to allow senators to own stock, recent news events have caused a massive dip in Coins.

I wouldn't be surprised if this was market manipulation to buy cheap Coins and sell once the market goes back up.

It's all corrupt BUT more have won the game here. I had faith in Ada. It's gone now. At this stage, the only guaranteed projects for the next crypto bull cycle are of any interest at this stage. Was a fan of Trump BUT he definitely didn't drain the swamp.

 

[BackInTheGame78]

AVAX LUNA NEAR
Good eco-systems projects, they are booming

Luna primed for a short ..shorted NEAR yesterday and made some good profit before closing it. In general anytime a token hits an ATH, it's usually safe to short within a few days.

 

[SargeMaximus]

Crypto crashing today. Still enjoying the high dips fellas?

 

[BackInTheGame78]

Crypto crashing today. Still enjoying the high dips fellas?

I'm enjoying shorting with leverage. Can make money both ways.

 

[jaygreenb]

Crypto crashing today. Still enjoying the high dips fellas?

Yes, I've made enough to retire these past few yrs. Thanks for asking

 

[SargeMaximus]

Yes, I've made enough to retire these past few yrs. Thanks for asking

Lucky bastard lol. Wish I could trade with Margin and all that **** but I can’t

 

[BackInTheGame78]

Lucky bastard lol. Wish I could trade with Margin and all that **** but I can’t

Why not?

 

[SargeMaximus]

Why not?

I’m Canadian and don’t have access to apps that do it. Also don’t have much money at all

 

[BackInTheGame78]

I’m Canadian and don’t have access to apps that do it. Also don’t have much money at all

I use Kucoin...could also use Phemex or PrimeXBT for that.

 

[SargeMaximus]

I use Kucoin...could also use Phemex or PrimeXBT for that.

Kucoin looks sketchy

 

[BackInTheGame78]

Kucoin looks sketchy

Those type of things happen on all exchanges unfortunately during heavy sell offs. Dude mentions Binance but that is the worst one of all when that happens...literally has a class action lawsuit from numerous people that had that happen. Not to mention Binance is involved in numerous other shady practices. Honestly have no idea how it's the largest exchange with that type of track record.

IMHO, Kucoin is one of the best exchanges out there both in terms of quality of new tokens added regularly and in features.

 

[jaygreenb]

Lucky bastard lol. Wish I could trade with Margin and all that **** but I can’t

I never used margin, my only advice is be very careful. Make sure you know what you are doing and start slow. Personal opinion is crypto is so volatile you don't need it, to each their own though.

 

[BackInTheGame78]

I never used margin, my only advice is be very careful. Make sure you know what you are doing and start slow. Personal opinion is crypto is so volatile you don't need it, to each their own though.

I've been trading pretty obvious moves(fading local highs when they don't progress farther, longing local bottoms) and use tight stops and basically just take quick scalps...have been making 200-300 dollars within 15-20 minutes a bunch of times using 5x leverage

 

[SargeMaximus]

I've been trading pretty obvious moves(fading local highs when they don't progress farther, longing local bottoms) and use tight stops and basically just take quick scalps...have been making 200-300 dollars within 15-20 minutes a bunch of times using 5x leverage

I don’t think I have the TA skills to pull that off tbh

 

[jaygreenb]

I've been trading pretty obvious moves(fading local highs when they don't progress farther, longing local bottoms) and use tight stops and basically just take quick scalps...have been making 200-300 dollars within 15-20 minutes a bunch of times using 5x leverage

Would you recommend that to someone without trading experience? Some people can absolutely make it work in their favor but I have seen a lot of heart breaking stories involving leverage. You have to be very skilled and disciplined and even then it really adds a lot of risk. Not saying it can't be done though just approach with caution.

 

[BackInTheGame78]

Would you recommend that to someone without trading experience? Some people can absolutely make it work in their favor but I have seen a lot of heart breaking stories involving leverage. You have to be very skilled and disciplined and even then it really adds a lot of risk. Not saying it can't be done though just approach with caution.

Absolutely not. Just saying what I have been doing that's been working for me. For whatever reason I am really really really good at identifying local tops. Pretty much everytime I look at a chart and think to myself that's probably going to go down from here after a run up, it does within a short time. Never really traded them before but I have been missing out on a lot of money by not trading them apparently.

 

[BackInTheGame78]

I don’t think I have the TA skills to pull that off tbh

Fair enough...I've put in a lot of time with charts and analyzing patterns, etc so I feel pretty confident with my trades... moreso with my shorts tho.