• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Join 50,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

Crypto Trading

Discussion in 'Investing/Trading/Cryptocurrency/Altcoins' started by Timmy1990, Aug 28, 2018.

  1. Timmy1990
    Offline

    Timmy1990 I Will Not Stop! Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    543
    Likes Received:
    1,022
    Joined:
    Jun 12, 2018
    Gender:
    Male
    Location:
    Melbourne, Australia
    Rep Bank:
    $4,353
    I am and have been noticing a suspicious trend that whatever CNBC says is going to happen in crypto the opposite happens almost instantly in the market this dates back all the way to January, take this for what you will. I sense a bit of manipulation.
     
  2. mike24601
    Offline

    mike24601 Consumption Bear Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    195
    Likes Received:
    494
    Joined:
    Apr 8, 2017
    Gender:
    Male
    Location:
    Illinois
    Rep Bank:
    $3,889
    The crypto market is clearly manipulated by both benevolent and malevolent forces. Supposedly just 1,000 people control about half the Bitcoin market. All depends who has more push/pull at the time. No surprise though, this is old hat and goes back hundreds of years in the stock trading world. One of the best examples of what is likely happening in crypto is what also happened to RCA (Radio Corporation of America) during the 1920s, in which a small pool of investors were able to stimulate massive buy and sell movement by trickling in lots of money over many very small orders. I no longer invest in crypto, just watching things play out now.
     
    Timmy1990 likes this.
  3. Jaden Jones
    Offline

    Jaden Jones Igloo Builder Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    187
    Likes Received:
    220
    Joined:
    Aug 22, 2018
    Gender:
    Male
    Location:
    Canada
    Rep Bank:
    $1,177
    You will always find patterns in things if your looking hard enough I suppose. But if I were to bet on Bitcoin, it would be only on the fact that there is heavy manipulation. Not just from the whales, but from the exchanges as well. They are becoming massive. Coinbase can just announce they are thinking about something and it shoots up . That's just crazy.
     
  4. gio_pio
    Offline

    gio_pio New Contributor

    Messages:
    2
    Likes Received:
    5
    Joined:
    Aug 29, 2018
    Rep Bank:
    $36
    I have no doubt the large institutions are trying to enter the market. Their problem is the size of the buys they require. You can't exactly log onto binance and place a single order for $25M of an altcoin without forcing the price way, WAY UP. The most common market manipulation I see daily is caused buy this very "problem."

    So, as I understand it, this is how they manage to place a buy for, say, $25M worth of Cardano for instance. Place an order for a larger than usual size buy for that particular market. Let's say $1-5M worth. That causes the price to bump very noticeably. Traders see that and assume a moonshot is starting and quickly join in buying. Then, once they've generated enough enthusiasm, the institution sells the buy they just acquired. Again, this is a large order so the price begins to drop very quickly. This will cause a panic and the price drops below their initial starting price. Now they can rebuy a larger amount without causing the same reaction. Buyers left holding coins worth less than they paid only a short while ago, now try to minimize their losses, freeing up more liquidity for the institutional buyer.

    I see this daily on the depth charts. You'd be surprised how accurately you can forecast the market's short term movements just learning to read depth charts.
     
    Dramolion likes this.
  5. mom
    Offline

    mom Contributor

    Messages:
    55
    Likes Received:
    28
    Joined:
    May 9, 2016
    Gender:
    Male
    Rep Bank:
    $156
    It's like everything...you need to be the company doing the I.C.O. and bringing out the product not the investor.
     
  6. danray
    Offline

    danray New Contributor

    Messages:
    15
    Likes Received:
    4
    Joined:
    Jul 11, 2018
    Gender:
    Male
    Rep Bank:
    $21
    The cryptocurrency market is young and therefore it’s more sensitive to manipulation than established traditional markets. Mostly, people assume that whales or wealthy people, cryptocurrency trading bots, and exchanges are causing the manipulations. I think it’s true to some extent. People are inclined to go to extremes. While some believe that cryptocurrency is completely decentralized, others see conspiracy theories everywhere. Although there are facts of manipulation, we still have opportunities to make money on cryptocurrency. So, I don’t miss the chance to buy crypto at low price on CEX (Bitcoin Crypto Exchange - CEX.IO). Nevertheless, the crypto market matures, and with the time will become more resistant to manipulations. Moreover, there are still many benefits, given to us by crypto.
     
  7. HotForexsignal
    Offline

    HotForexsignal PARKED

    Messages:
    1
    Likes Received:
    0
    Joined:
    Wednesday
    Gender:
    Male
    Location:
    Redwood City, CA 94063, USA
    Rep Bank:
    $2
    Binance Lite is cash-to-bitcoin brokerage support where users can moreover bitcoin by depositing cash at a network of supported Newsagents
    Binance Lite Australia currently offers the choice to make a getting honoring of bitcoin in Australia using cash (AUD). They plot upon giving more digital currencies and fiat options in the well ahead.
    Global cryptocurrency dispute Binance launched Binance Lite Australia. Binance Lite is a cash-to-bitcoin brokerage sustain where users can make a getting linkage of bitcoin by depositing cash through a network >1,300 supported Newsagents across Australia. Binance Lite is operated by InvestbyBit, an independently operated subsidiary of the Binance.com cryptocurrency row.
     

Join 1000s of entrepreneurs who are rewriting life's script and winning financial freedom.

---- ----

You must be a member to join the conversation.

Create Account

Join the community fast and easy!

REGISTER

Log In

Already have an account? Login here.

LOG IN

Share This Page