Personally I don’t trade them, but did look at it , since 2 weeks. Few people was suggesting to me about…so I decide to look at little deeper. And…it didn’t really convict me at all.
But…there’s a way to trade them, and if your good at… you can make A LOT! I will show you how and what to do.
First…why I don’t like “crypto” ?
For this sections, I use only some logical comments sence.
- Underground ( un safety)
If you invest or trade something totally “maid-up” or simple to say was a “scam”, how can you get your money back? No one will help you, since you decide to get out from “the system”,
- A tool for criminal or terrorism funding
From what I did understand… you can’t see who sold, or bought it… and can’t track the source. Well..this it’s something perfect for criminal organisation non? Maybe our system right now it’s not perfect…and to politicized, but still…there’s some good in it on that subject.
- To complicate
For a “Geek” , installing multiple software would be very , and are fun… for me it is not… for someone who doesn’t even have interest in “trading currency” or “stock market”…it is totally uninterested, and this it’s the majority of people on Earth.
I don’t think…bankers will start to change all financial system for few…when the majority of people doesn’t have any interest at.
- Nothing news….just one more
Human nature… there’s few people who control all world…and the “majority” need to escape this! …and time to time, few, try to create some paralleled system ,witch never work. But the difference now, it’s the “social media”
- “lies” about safety and can’t be manipulated
How can you say it can not be manipulated?
- Our government have so much money, it can buy the majority of “crypto”, and drop it as they want. Or hold it…sell high, make money, and you loose.
- Why can’t a government can’t “mine-bitcoin” or other “crypto”? They can afford one of the best computer and speed… and get very easy bitcoin versus your computer.
Just with those 2 examples, I don’t understand why people say it’s not possible to manipulate this currency.
How to trade “Crypto”?
- Tools to use
Learn the psychologies behind “Tulipomania” , it was the same pattern with “Gold” and “Silver”. Get a book, research it is interesting, but you need to understand the psychologies behind to know how to trade this.
- Pattern to studies
Ok! this it’s a great one…but it happens in “1h chart”, Why I don’t trade them…? to much work and I already have my pairs with more advantage than any “crypto”.
- When to Sell it
Here I use Fibonacci time and retracement. ( use the default configuration)
- Bitcoin’s game over
This it was my screenshot maid befor the big down…. where I was mentioning about BTC/USD get smash at 23-25 and 68%.
Anything move like this…. will drop! this it’s time to sell it! don’t hold it!
- BTC/USD now… there you go…
…can it go hire? I don’t know..but for me I got my “bit-mania”….pattern , and it’s hard to go back at those highs.
As you can see…it can be very lucrative to trade “crypto”… but not easy.
I like to stay with what workds for me and I recomend to do the same. Don’t go for the “HITS” , but for classics. Like in music…there’s “top hits” everyday…but history remember only “classics”.