Commodities and Stocks are My Only Profits Now

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rocket2014Full Member
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#1Jan 18, 2018, 04:26 PM
I'm just going long on gold, silver, and some stock perps. That's the only way I'm making any cash lately. I'm all in on crypto and Bitcoin but this is nuts. Three weeks straight, my crypto bags are just sinking. The only thing keeping me afloat is commodities and Google stock. With all the $ devaluation, what do you reckon will happen to crypto since so much cash is linked to USDT, which is tied to the dollar? Still feeling bullish about crypto for this year?
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stack_2017Senior Member
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#2Jan 18, 2018, 08:12 PM
I'm not very bullish and I don't think we're going to reach Bitcoin's ATH again, but I don't eliminate the possibility of going back to 100k $. It all depends on the crypto market structure passing the vote (and it being actually good for the crypto space and not just banks) and it's also possible that some of the money from Gold and Silver would rotate back to Bitcoin and crypto once they start going down again.
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HyperCipherFull Member
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#3Jan 19, 2018, 07:37 PM
If Bitcoin will still follow the usual pattern of the Four-Year-Cycle, then I'm very sorry to say - NO, 2026 might not be a bullish year for Bitcoin, and therefore it won't be bullish for shitcoins as well. Where do you buy your Gold, Silver, and Stocks?
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cobr4404Full Member
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#4Jan 19, 2018, 10:57 PM
After the rejection on the 21 Weekly Moving Average, the chances of entering the bear market just increased. We've seen the price of Bitcoin went to as high as $98,000, but immediately went down as soon as Trump yet again announced a tariff-related thing that pushed the price of Bitcoin to where it is right now. I'm not familiar with how Gold and Silver moves price-wise, but just by observing it, it seems like it's inversely moving with Bitcoin. I mean if Gold and Silver goes up, Bitcoin goes sideways or goes down, and vice-versa. I guess we need to wait for those whales to sell their Gold and Silver in the next weeks then they will rotate their money onto cryptocurrency and Bitcoin just like what you said, but overall, the chances of Bitcoin reaching $100,000 is going down, and it might go down even more if the price goes down as well.
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madfalconFull Member
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#5Jan 20, 2018, 03:21 AM
I am still very much bullish on crypto this year regardless of the current market condition, to be honest with you, the crypto market shouldn't be in the state it currently is right now, but unfortunately, it is because some major institutions are manipulating the price of Bitcoin, and we all know that what ever affects bitcoins negatively or positively will affect the entire crypto market the same as well.. This is absolutely a bullish year for crypto even though some or most people believe it should the beginning of bear season, they forget that Bitcoin has moved away from that old way of increasing value to a new way, I believe that if this institutions will stop the manipulation and allow the price of Bitcoin to trade freely, the price of Bitcoin and other major crypto currencies will recover quickly and before the half of this year, we might be celebrating a new all time high.. Not financial advice anyway.
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the_kingHero Member
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#6Jan 20, 2018, 07:22 AM
I remain optimistic, of course I will learn from the experiences that have occurred, maybe we have faced four halvings in Bitcoin and we understand the state of the crypto market after all that happened, for me currently trading in the crypto market is a little difficult, it's an unstable market especially the price of Bitcoin, I might consider it for a long term investment. Your understanding is also the same considering that the price of Gold, Silver or shares in the market is skyrocketing, of course that is one of your policies, trading not only in the crypto market, you have the right to freedom to do so, as long as you are sure that your trading is profitable.
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rocket365Senior Member
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#7Jan 22, 2018, 11:32 AM
Crypto at this time could means everything ... it clear that you can earn and lose at the same time even in any chance of the market. Plus you have certain instruments that provide an income even if you don't want to trade. I have always seen all "coins" including bitcoin/crypto as a tool, as something that provide a real "advantage" and not a ROI at the end of the year
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coin_sigmaLegendary
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#8Jan 22, 2018, 02:44 PM
Well, based on the historical data, Bitcoin should be bearish until the end of this year. I am still expecting to see the price around $70k. It's not happening yet, so I consider this year to be bearish until it reaches that price. This might be a slow process; we might see some ups and downs, but I believe before we see the $100k level again, it would drop below $80k. Look at this image: Source: From tradingview ideas Actually, other predictions are pointing to $49k, which is cheaper than the current price. Since I am not a fortune teller, I can't determine if this would happen. There are lots of things changing on the market, and institutions already have a big role in changing the market. I'm just curious, what platform do you use? It's interesting where you can be able to trade crypto and stocks/commodities.
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shard_minerSenior Member
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#9Jan 22, 2018, 03:59 PM
Personally, it looks Bitcoin might have a tough year and a bearish one at that because, the price has kept declining over the weeks and might get to 75k margin more sooner than we think, before rising further. There's so much ongoing in the world and one of which the U.S and some of its news and policies affecting the market mostly that of devaluation of the USD which is a brother to USDT, makes Bitcoin more attractive to investors and users, on a broader perspective. It's good advice though not to hold too much flat or stagnant cash in stablecoins as this news unfolds.
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gw31_2021Full Member
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#10Jan 22, 2018, 04:26 PM
I'm not bullish on Bitcoin this year, the price of other crypto depends on Bitcoin, what can make Bitcoin pump this year is yet to happen, people are speculating that something exciting is likely to happen  this year and that would make the price of Bitcoin to spike this year. In my opinion, nothing is going to happen, I have thought of several things but there's nothing that will cause the price to pump, people are just guessing. Realistically, no body knows the future.
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mark_whaleSenior Member
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#11Jan 22, 2018, 05:54 PM
That is a very high leverage you got there for Bitcoin, especially on a year when many expect Bitcoin and most of the crypto coins to undergo a bearish market cycle. At this point in time you should do more shorting for crypto vs longing. Market still seems to move sideways in longer time frames, but I think the trend is trying to change to bearish.
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dan.wolfFull Member
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#12Jan 22, 2018, 11:57 PM
I've been longing to trying these stocks trading on my Bybit account, I don't know how to long and short these commodities, the last time I received the last price of Gold reaching new ATH today, it's was an amazing news. Do these stocks commodities be working like the way spot do? Like owing some quantity of gold, or silver in your wallet while the values keep appreciating and depreciating in your wallet? Does it work that way?
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w1z4rd100Senior Member
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#13Jan 23, 2018, 06:08 AM
Maybe you haven't yet tried the futures market? Even though we are bearish, you can still make profits in trading, like it's not always the "buy low, sell high". You can short the market, which means you will make profits if the prices go down. So for me, as a trader, you must practice too to be versatile in every market condition, bearish or bullish because you can make profits too during bear/bull market.
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HyperCipherFull Member
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#14Jan 23, 2018, 08:05 AM
Did you actually look at the screenshot that he posted? That screenshot literally shows that he is "Long" Bitcoin, Gold, Google, and two stupid shitcoins with different amounts of leverage. OP is obviously using a small amount of capital to open these Long positions, but he's showing it to tell us that, "GOLD, SILVER, STOCKS Perps is only thing I make money on now".
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rocket2014Full Member
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#15Jan 24, 2018, 04:23 PM
I buy gold, silver and stocks and other commodities on Perpmate DEX, and Yeah, I agree on this statement because anything I trade the way like it is bear market works, anything I tried longed on crypto didnt do much, and I am big believer in crypto > tradfi.
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seed2017Full Member
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#16Jan 24, 2018, 05:15 PM
If you can wait it out - do it and don't push for your red positions to become red on your bag. If you can't.. Well, you didn't manage your risks properly. I, for one, don't trade gold silver or stocks, only coins of different caliber - and all of them are in red right now. But I can just wait to see a different picture. And I will do it because I don't want to panic sell
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SilentBullFull Member
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#17Jan 24, 2018, 05:55 PM
I'm bullish in gold and Bitcoin it's just a slight drop, but I don't think it's a problem because this is Bitcoin, not an altcoin where the drop can be very severe, even making our entire asset go into the red because of a drop that is too deep in altcoin, and silver has not thought about having it at this time.
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ledger69Member
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#18Jan 24, 2018, 07:55 PM
Year to year doesn't matter, not going to buy gold or silver right now at the peak just because bitcoin will have a bad year. Instead, I will keep it in fiat, at savings or whatever, and then I will slowly do DCA on bitcoin. I will buy some at 60k, and then some more at 50k, and some more at 40k and that's it, I will run out of money (hopefully I will have some more but doubtful) when it hits 40k. That means my average would be around 50k for bitcoin, not great but not bad. I would have to wait for it to go back above 100k after that, which may take few years but it will happen.
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jakewolfFull Member
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#19Jan 25, 2018, 01:16 AM
Everyone who has Bitcoin in their wallet right now is definitely feeling down because the price is falling, but this won't make me lose my desire to keep adding Bitcoin. When it comes to other assets, I'm not interested even though there are good altcoins out there. What I mean is that my interest in other coins is not the same as my interest in Bitcoin. This is where it's important to get into the habit of not checking your assets too often. We can't be sure if 2026 will be a bullish year that will see Bitcoin reach a new all-time high, but I believe that there is no reason to expect a downturn. Gold shouldn't be overlooked either. It will also be useful.
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vault_2009Full Member
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#20Jan 25, 2018, 03:09 AM
This is how you get richer. Because if you end up buying during bear markets, that would be a lot better for you and you will profit. People check gold or silver or stocks when bitcoin isn't doing good, and come back when there are bull markets and green returns on bitcoin, that is as wrong as it can get. When you should buy is bear market and when it's all a bloodbath, when people are fearing and leaving, that is when you get in and buy and make money from it. Obviously it is not easy and most people just lose money because they fear and sell when it goes down, and then they try to buy some more later on when the price goes back up, you do not buy when it goes back up, you should buy when it goes down more and more.
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