Muhhhh bull run

>muhhhh bull run

why are so many of you people waiting for a bull run when scalping the shit out of the downtrend has been the most lucrative thing I have done this entire year

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I'm new to this shit and just browse to learn, what is scalping and what methods are used to do it?

because the average IQ of this board fell by 60 points after december/january. newfags came in, oldfags got out

Scalping is trading currencies/stocks at a very small time frame. Going in and out of the market, taking quick profits multiple times a day. This can be very risky for beginners, so I recommend you get good at trading higer time frames before trying a scalping strategy.

If you are interesting in learning to trade I would recommend reading the full forex course at babypips.com/learn/forex and making an account on tradingview.com and getting accustomed to maneuvering the website and the charts!

Taxes dingus

Op go fucking trade forex this is for big boys not nickel and dime guys.

>implying Jow Forums used to be smart
Oh ya, when the front page was nothing but mooncoin, espers, and niggercoin it was great.

What exchanges can I short on? Is it only bitfinex? Trying to get in on the juicy gains after sitting on the sidelines for a year. Wish me luck boys.

Lurk moar

>starting to short something already 85% down
It's going a little more but not a crazy amount, don't be an idiot and short the bottom.

This isn't the bottom though. I may not know how to short sell but I do know what a bottom looks like and this is not it.

Ya you definitely got it all figured out, go lose all your money on bitmex.

ah, forgot about that one. Thanks. Tell me though, why do you honestly thinks its the bottom? I don't see a reason why the market, especially bitcoin, will go up. Between the current hashwar, increasing calls for regulation, better tech emerging, market sentiment, etc, there buy pressure just isn't there.

Also I know the popular thing to do is make fun of the bitcoin doomers, and judging by the past that's an accurate thing to do, but no one is considering the last time that this happened the crypto landscape was completely different. So that doesn't guarantee the same outcome this time. Just my thoughts on it.

Bitcoin will always be around, but it will be replaced by things that are technologically superior. We don't still fly around in propeller driven airliners just because they started the air travel revolution. Same thing with btc. Also the btc == gold equivalency won't hold either given it was a last ditch pivot to makes excuses for lack of adoption as a currency.


>plebbit spacing

We are nowhere near anything taking over bitcoin in crypto. For the vast majority of people bitcoin IS crypto. They maybe also kind of know about eth and xrp.

We are already starting to see some signs of capitulation, the bears are winning right now as their is a lot of sell pressure and sellers are ok with taking a lower price. It is slowing down though, the 2.9k/3k resistance isn't looking that strong so we might go down to the 1.2k-1.9k order block but there is a decent chance we don't go there or if we do, we don't stay long. However for a lot of traders that I know this is a big do not trade zone (maybe take a small short) as it is ripe for a black swan event. Your best bet is to wait until we start coming back up and look at the bigger candles (3d and weekly candles) and wait for us to start hitting higher lows.

If you want to make money in crypto the biggest advice I can give is to PRESERVE YOUR CAPITAL, don't try to make a ton in one trade. Not losing capital is more important than making money, don't FOMO.

Crypto to most people is what they get from fast money and market watch. The actual hardcore crytpo followers know the difference but your average joe doesn't. And ya I should have rephased the "something taking over bitcoin line". What I meant to say is that there are a lot of potential projects that have the ability to supplant it in the future but not right now. So like you said IF some black swan event does occur when and if its at the right price level it may get flipped.

> Not losing capital is more important than making money, don't FOMO

well said. I've had 5k on the sidelines now for about a month waiting to get in but the market just doesn't look right yet.

Either way this bear market still has a ways to go.

>scalping
fancy word for overtrading
the smaller timeframe, the harder the trading is. difficulty goes like this:
hodl("investing")

Yes sirs pls do the needful sell low

Thanks brahs, I'll take a look at that course and read up.

It can easily go down another 85 percent.

What are you basing that off of? Any fundamental or technical analysis? or are you just talking out your ass?

>85% more

fucking Jow Forums

you realise marketcap would be less than a single company like coinbase then?

thats like saying AAPL could go to $20bil

Enjoy your taxes