Who’s itching to buy? - page 8. | Bitcointalksearch.org

Oshosondy

legendary

Activity: 1624

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Gamble responsibly

Quote from: Anders_Bitcoin on May 10, 2022, 04:21:22 AM

If the recovery takes a long time, won't I pay a fee every day for using the margin?

You will not pay any fee as long as you did not close the trade. What take fee is the opening and closing of the position. If you mean interest, if you use 1x, it is your money and no interest, the more the margin ratio, the more the interest the exchange will charge you, but I do not expect you to use high margin ratio.

Quote from: NeuroticFish on May 10, 2022, 04:35:05 AM

The risks of margin trading are pretty big and the market is a bit unstable/risky too, increasing the chances to get burned.

You can decide to just use 1x or low leverage like 2x. I use 2x for bitcoin but 1x for altcoin. But you are right as the margin ratio is increasing, the risk is higher.

Quote from: Anders_Bitcoin on May 10, 2022, 05:04:47 AM

I meant a lot of volatility, when bitcoin loses 3% in price, for example, then alts sinks by 6% or 9%, that is, 2 or 3 times more, or even 4, and so on. But also in a bull run during the consolidation of bitcoin, alts also shoot at plus 20-50% in a day or two

That is what happened since four days ago, it has always been happening like that too, altcoins are more risky, but if the trade go in the trader's direction, it would be a big profit.

Anders_Bitcoin

newbie

Activity: 42

Merit: 0

Quote from: palle11 on May 10, 2022, 04:59:51 AM

Quote from: Anders_Bitcoin on May 10, 2022, 04:42:56 AM

I understand that the risk increases when trading alts, as they are more volatile. But not all of them follow the bitcoin graph in some cases. Recent examples with the same monero, doge, tron

I don't think altcoins are more volatile than bitcoin. However if you want to trade it use a very low leverage incase it happens to start regaining for retracement because bitcoin can do so. Most altcoins do follow the bitcoin move including all the coins you have mentioned and to let you know that, all of the coins you mentioned are on bear because of bitcoin has been falling too.

I meant a lot of volatility, when bitcoin loses 3% in price, for example, then alts sinks by 6% or 9%, that is, 2 or 3 times more, or even 4, and so on. But also in a bull run during the consolidation of bitcoin, alts also shoot at plus 20-50% in a day or two

joeperry

sr. member

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Based on my analysis on the current market I think it is going downwards or more bearish but I am still unsure with my prediction, if the price of the Bitcoin will exceed $33k or $34k then I think I am wrong with my prediction. So far majority of my holdings is in stable coin to avoid unnecessary crashes in the future.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: Anders_Bitcoin on May 10, 2022, 04:42:56 AM

I understand that the risk increases when trading alts, as they are more volatile. But not all of them follow the bitcoin graph in some cases. Recent examples with the same monero, doge, tron

I don't think altcoins are more volatile than bitcoin. However if you want to trade it use a very low leverage incase it happens to start regaining for retracement because bitcoin can do so. Most altcoins do follow the bitcoin move including all the coins you have mentioned and to let you know that, all of the coins you mentioned are on bear because of bitcoin has been falling too.

Anders_Bitcoin

newbie

Activity: 42

Merit: 0

Quote from: NeuroticFish on May 10, 2022, 04:35:05 AM

The risks of margin trading are pretty big and the market is a bit unstable/risky too, increasing the chances to get burned.
Maybe you're itching to buy, and I don't tell you to do or don't, just be careful.

I will tell about altcoins. Iirc they have a history of following Bitcoin crash and even crash more, just a little delayed. So, again, careful and read more.
I know that Monero, for example, which pumped greatly in the past days, now (for some 24h) is dumping.

So imho DCA is still the safer call Wink

, however, please decide yourself for your money.

I understand that the risk increases when trading alts, as they are more volatile. But not all of them follow the bitcoin graph in some cases. Recent examples with the same monero, doge, tron

NeuroticFish

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Activity: 3668

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The risks of margin trading are pretty big and the market is a bit unstable/risky too, increasing the chances to get burned.
Maybe you're itching to buy, and I don't tell you to do or don't, just be careful.

I will tell about altcoins. Iirc they have a history of following Bitcoin crash and even crash more, just a little delayed. So, again, careful and read more.
I know that Monero, for example, which pumped greatly in the past days, now (for some 24h) is dumping.

So imho DCA is still the safer call Wink

, however, please decide yourself for your money.

Anders_Bitcoin

newbie

Activity: 42

Merit: 0

Quote from: livingfree on May 10, 2022, 03:44:08 AM

Quote from: Anders_Bitcoin on May 10, 2022, 02:02:30 AM

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.

What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?

I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

No one will answer you with the most accurate result that it will.

We're all speculators here and whoever has the say that has a sense, maybe you can rely on that. But if experience wise, this is always like this and you know it.

After the dump, there's a recovery period that will come back and it won't always be at the bottom. Right now, if you're into this opportunity, DCA is the perfect strategy as you've already known.

I'm sure that it will recover although we won't be sure how long until it goes back to $40k.

I expected May to be green, it seems to me we need a little time, maybe about two months to hold on and not fall lower, then it will be a sign for a big growth

Anders_Bitcoin

newbie

Activity: 42

Merit: 0

Quote from: Oshosondy on May 10, 2022, 02:28:39 AM

You want to open a long position, to be at the safest side this time, go for bitcoin and do not use more than 2x margin ratio, you can use more than that if you are an expert and want to close the position very early. For altcoins, never use leverage, just go 1x. Using 1x means it is long term without liquidation for long position even if the price fall further but as the price rise you will make money.

If the recovery takes a long time, won't I pay a fee every day for using the margin?

livingfree

hero member

Activity: 2884

Merit: 579

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Quote from: Anders_Bitcoin on May 10, 2022, 02:02:30 AM

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.

What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?

I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

No one will answer you with the most accurate result that it will.

We're all speculators here and whoever has the say that has a sense, maybe you can rely on that. But if experience wise, this is always like this and you know it.

After the dump, there's a recovery period that will come back and it won't always be at the bottom. Right now, if you're into this opportunity, DCA is the perfect strategy as you've already known.

I'm sure that it will recover although we won't be sure how long until it goes back to $40k.

bittraffic

hero member

Activity: 3038

Merit: 617

Price didn't breakout that $30K support level and its starting to retrace, it could be a good time to buy if you like the thrills. Or you could wait for next week's candle to green and start buying.

For altcoins sure you can buy, they are all cheaper two months ago. Most of their charts follows BTC price, whichever you may chose its the same.

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

You want to open a long position, to be at the safest side this time, go for bitcoin and do not use more than 2x margin ratio, you can use more than that if you are an expert and want to close the position very early. For altcoins, never use leverage, just go 1x. Using 1x means it is long term without liquidation for long position even if the price fall further but as the price rise you will make money.

Anders_Bitcoin

newbie

Activity: 42

Merit: 0

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.

What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?

I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

Topic: Who’s itching to buy? - page 8. (Read 958 times)