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I've been trading and investing in forex and stocks since late 2012, profitably, I may add.
In forex I would simply make short entrances and exits, that's how I learned how to wave trade (Catch peaks and bottoms), while investing I learned that if you are well informed about the stock to simply hold for the long run.

I've been trading crypto since 18 months.
Crypto is another animal.
This is the first time I had to deal with a bear market in crypto.. Until now everything used to be either flat or green and if you just waited long enough, it would see your price again.

In terms of risk/reward potential, it was worth holding on and adding more positions once it bottomed to lower BEP.
"Stop Loss" is what actually caused one of the bugs that Poloniex owe me money for, as using the stop loss would make your bitcoins vanish

Dealing with the bear market has taught me a lot, especially about crypto's volatile nature.
If you want to make MORE money, you do NOT hold all your trades but often exit with a loss, quick scalp another pair and make up for it.
If you are in for the long term, I believe that all of the proper tech coins who have active developers and a proper roadmap will only continue to go up for years, but then you would definitely have to just buy and log out.

You can't compare crypto with forex and you can't compare a bearmarket with a sideways/bull market.
"Taking losses" when I expected things to simply bounce back (As there were literally 100s of analysts who saw the pattern of Stellar going for a x3) was not an option, especially with the alternative being so buggy.

It was also part of ego to hold on to that trade as I made $250k out of $50k the trade before that, which also almost pushed me out of my margin, but then turned around. (Litecoin, I did very, very proper research for that one)

I've gotten a whole lot better and the only way to learn, especially in a bear market, is to be in the middle of it and lose money.
Learn the signs, learn the value of a stop loss when going to bed (if it's not buggy and a black hole for your btc's ofc

)

Making money is very easy for me, now I am working on the "keeping money"-part, which is far harder in a 24/7, volatile market.

I've made a checklist for myself, by which I live now.
I've gone back to my roots of being a startup investor (It's how I made most of my money since 2012), I'm now checking out all the tiny marketcap coins and I'm aiming more long term.
Smaller exposure per pair, don't let ego get the best of me after a winning streak, i'm studying technical analysis myself, let some low bids sit for unexpected dumps..

If it was easy, everyone would make fortunes (And keep them

), so far I've had a couple of good streaks in which I turned very small money into bigger money, but then I went to bed, being in the wrong pairs, without a stop loss.
Those times have changed and I am determined to make lots of wealth in crypto and enable me to pay off the fast track queue.

killa-007
Traffic Value: $11,038.09657 Slovenia

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08/07/2017 09:07

One noob question, can i put ltc address for cashout from polniex? As I dont have my own ltc wallet, polo would be fine for me.
Stop losses are needed unless you are holding for long, found that also the hard way but this is still early stage. whoever is trading now, one tip for you

people are buying from mon- friday, and on friday afternoon there is a massive sell which follows by slow sell in saturday, after it slowly stabilizes, it is like this for 3 weeks now. btc touched support line on channel(2450), you can expect correction to 2620, possible even 2700. and after retest down again. Break above 2750 would signal up trend and break below 2450-2500 (in next 3-5 days) would be downtrend. If you look at chart btc made, higher high, lower low, lower high, higher low, lower high, higher low, higher high, higher low and higher high and agan now higher high what slowly indicates for consolidation and breakout with possible reversal of trend. I am becoming more bullish on btc with every week. We might touch 2200, but from looking RSI levels and MACD crossovers i see them higher every week. Will see.
My chart:

online free hosting

dguy
Traffic Value: $15,993.01608 Canada

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08/07/2017 09:13

One thing you will learn is that no market is different. They are all the same. They are all run by humans and humans always act the same way (greed or fear). The only markets that are 'different' are the markets that are either rigged by the government/central banks and or HFT computers. Those ones you cannot win unless you know the people rigging them or know what they are going to do but those are not true markets

MarcdeKoning - Administrator
Traffic Value: $468,983.12758 Netherlands

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08/07/2017 09:18

I've learned that news completely overrides patterns.
News creates volume, volume is what moves the market.
In this case, we are dealing with a lot of segwit-related updates during this month, lots of uncertainty and the market of the last 3 months looks an awful lot like the following pattern:

I think we're already in the fear-stage.
If it was just btc playing its game then perhaps it might just be some volatility, but the entire market has been bearish for about 3 weeks now and we've gone through a bull trap during the past week.

The uncertainty regarding the segwit and the huge amount of new traders and bitcoin holders will only "help the process" of a road downhill.

Regarding the sell off during the weekend, I noticed it as well and it makes perfect sense.
Trading 7 days a week is not for everyone, most sell off for the weekend

dguy
Traffic Value: $15,993.01608 Canada

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08/07/2017 09:27

True, but this could also be considered consolidation after a huge run up. News is part of the trade. Sometimes it is news, sometimes it is technical trading. Neither is supreme because the humans behind it will trade on both. Markets aren't about the numbers, they should be but they have humans behind reading those numbers and applying their fear/greed emotions to them.

One thing I learned was that the crowd is always right, except in the extremes because it is the crowd that drives the price until they run out of people to sell to or buy from

killa-007
Traffic Value: $11,038.09657 Slovenia

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08/07/2017 09:53

I find this chart very intereasting, it shows avrage value of coins , and % pump in publes, and now we are only at at 80%, though its true that we were the lowest during bear market last year.

killa-007
Traffic Value: $11,038.09657 Slovenia

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08/07/2017 16:52

bubbles not publes lol

Looking at str though, when it was last so low on rsi it went up 250% in next 30 days, though i expect next sell off next week to get in at 500 sat at daily rsi around 20, ofc it btc does not break support lines

stobb
Traffic Value: $159.22316 India

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08/07/2017 18:47

hello i added a monitor listing with 30 days premium still it's not listed mods help me and help me to open a forum thread

siddartha149
Traffic Value: $683.06885 India

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08/07/2017 18:51

Selling my FTQ investment for 90.90%. Total cost $20. If anyone interested, I have listed it up for sale.

jordy186
Traffic Value: $868.5955 Netherlands

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08/07/2017 19:29

i think you can guarantee us a better profit if you use part of the funds to buy up cheap shares

Royfft
Traffic Value: $1,617.84595 Canada

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09/07/2017 01:03

So I am going to play a bit of a devils advocate here. I am by no means a trader, and I am giving you my trust again Mark by putting my money into the next crowdfund. Personally I think you did a piss poor job though. When I put my money in with bitcoin, it was worth about $1400. When the project started it was worth $1700, in between it hit nearly $3100 and is currently sitting at $2400, yes over the past 2 months bitcoin had its ups and downs as for other crypto's they jumped a tonne as well.......but strictly holding on btc alone would have given us a a 41% profit, given you had not sold when it was high and just held. With the ups and downs 4% profit, which if you invested with btc you actually lost money is kind of sad. As MTV is crowdfunded, and you stress transparency, I am calling you out to show all of your trades, with the profits and losses that you put everyones money through rather then explaining what happened.

Jack1953
Traffic Value: $93.136 Brazil

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09/07/2017 02:59

I am calling you out to show all of your trades, with the profits and losses that you put everyones money through rather then explaining what happened.

I bet Marc will not do that.....

stobb
Traffic Value: $159.22316 India

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09/07/2017 06:24

MODS PLZ OPEN A MONITOR THREAD FOR MY MONITOR LISTING "platform-projects"

il051
Traffic Value: $14,823.02214 Croatia (LOCAL Name: Hrvatska)

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09/07/2017 08:40

Royfft, I don't know if this old saying is widespread, but in my country we say "after the battle, everyone is a general". It's easy to say after the results are known that he could have made it better. Yes, he could have, but I'm honestly surprised that he made any profit at all, because I follow altcoins market and I know how stressful was during this last period.
Another thing, if he would have decided to hold btc, as you suggested, then we wouldn't need him at all. That's not trading! Everyone can buy some btc and hold it, but the real opportunity is hiding behind less known altcoins and, according to Marc's words, it seems that he found few of them with big potential. He's smarter now, he learned something from these trades and I'm quite convinced that he will make the right moves this time so it's good decision to reinvest that money again into his project.
If trading with cryptocurrencies would be so easy, everyone would be rich. You simply can't predict what will happen.

MarcdeKoning - Administrator
Traffic Value: $468,983.12758 Netherlands

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09/07/2017 08:43

@royfft:

"you did a piss poor job"

Please have some decency.
I've said that I am very unpleased about the result as well and how it could have easily been 300%+ if it wasn't for just 1 mistake.
It's very hard for me to "grant your wishes" when you treat me like this.

Having said that, I've said that when bitcoin rocketed up, we were very deep into stellar.
Whenever bitcoin would go up, all the alts would go down, hard, making us lose a lot of USD value.
Now the crypto market changed its course once more and whenever bitcoin goes down, the alts go down even more, resulting in a loss of double the USD value.

It was never a bitcoin HOLDING fund, it was a trading fund.
It wasn't based on bitcoin, but on USD.

@Jack1953:
A member that has been around as long as you have, is completely allowed to be unhappy about the result that I clearly am not happy about either.
However, I have never given reason to question my honesty and I have worked very hard for my current status/image, I would appreciate it if you would give me the trust I deserve, unless you can back it up with proof.
I truly am one of the most honest people you will ever meet and you can in all cases trust your money in my hands, knowing that I will treat it with the highest level of respect and care.

Having said that,

Basically all I have to show is the stellar-trade in which I put 70% of the portfolio, which then crashed 70%.
The rest that I told about was that I used the other 30% to make a 600% return, getting the portfolio temporarily up to $92k until 2 weeks ago when a huge bearmarket set in (Simply look at the market and you will see)

vicura
Traffic Value: $4,969.3683 Spain

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09/07/2017 10:23

Come on guys, dont go that hard on Marc, he was trying hard and he could had given to us about 300%! This is insane, the opportunity to win up to 300-500% and losing obly 10% of your money... if he manages to get 300% 3-4 times in tje next rounds, he would make me nearly millionare with a budget of around $4000. Do you realise that? 300% x4 times is probably irrealistic, but still the chances are there and of course im gonna risk 400$ to earn up to some $100k!

Also, I was really expecting some loses and that Marc would come yesterday telling us we lost money on the trading after all the bad events, but he still managed to break even (with a slight profit).

And come on, stop complaining, I should be the one "more pissed off" because I was on the top 3 of higher investment (so was "risking" way more than others) and Im pretty happy and gonna add $1000 more.
Just a small reflection.

And I'm not a big fish with lots of saves, Im just a 22 year-old-guy with an average salary that preffers to invest in these projects way more than having these new fancy iphones or expensive clothes to impress people I dont care

unthink
Traffic Value: $9,606.72522 Portugal

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09/07/2017 10:37

"And I'm not a big fish with lots of saves, Im just a 22 year-old-guy with an average salary that preffers to invest in these projects way more than having these new fancy iphones or expensive clothes to impress people I dont care"

Well said vicura, same boat here

MarcdeKoning - Administrator
Traffic Value: $468,983.12758 Netherlands

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09/07/2017 11:04

I've done the same throughout my entire childhood.
Never bought the expensive sneakers or the game station once they came, worked 3 jobs at once at one point, "merched" on the side.. Always saving up.
Then 3 days before turning 21, I started investing.

MeagoDK
Traffic Value: $2,697.0796 Denmark

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09/07/2017 16:14

You did one very very bad trade and I am sure you do not "bet" that amount of money in one trade again.
I think it is pretty amazing that you used the rest to recoup that much.

carvalho17
Traffic Value: $28.3459 Brazil

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09/07/2017 16:31

A 4% profit is better than no profit at all

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