Bitcoin
Out of context: Reply #1816
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i'm trying to be simple as possible here so whatever you trade keep these things in mind:
there are 3 types of events what can bring the price up/down of anything on the market (yes this applies to coins)..- Price play (playing with low volumes to pump or dump the price)
-Bitcoins value is 100% in the price, so if you and enough ppl go into panic mode and everybody just wants to get rid of it at any price it can go down as fuck to $100. whatever your read exactly 0 thing holds it back from doing this.
- Proper stocks have various factors and tools what does not allows this to happen(institutional owners, halts, trading time etc.), or it takes far longer than with crypto
- That's how you short a stock, and you can do this with a high volume on a Newsplay event if you got the money for that (like Soros :).- News play
Crypto isn't immune to the news. Like with the proper stock-market it is critical to get the news on time and learn how to make decisions.
The biggest risk factor are regulations, and "glitches". And trust me the second one is a far bigger issue than the politicians.- Cycle
Every traded instrument has a cycle (weekly, monthly, yearly patterns). This means that at certain intervals the price is guaranteed to move in the expected direction.Price play can overwrite the News and Cycle play expectations.