Are Commodities Taking Over Crypto Profits?

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chain404Newbie
Posts: 36 · Reputation: 21
#1Dec 8, 2017, 05:10 PM
I've been focusing on gold and silver lately. Stocks are also doing better for me than crypto. It's wild, I've been deep into Bitcoin but my crypto bags are just sinking. All I can profit from are commodities and Google stocks. With the dollar's value dropping, what's gonna happen to crypto? Are we still optimistic this year?
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#2Dec 8, 2017, 06:04 PM
Not really feeling bullish anymore. I doubt we'll hit Bitcoin's all-time high again this year, but maybe we could see $100k again if the market structure shifts. It really depends on whether those new regulations help crypto or just favor banks. If gold and silver start to decline, maybe some investors will rotate back to Bitcoin.
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#3Dec 8, 2017, 06:36 PM
If Bitcoin sticks to its Four-Year-Cycle, I hate to say it but 2026 might not be good for us. If that's the case, then altcoins won't do well either.
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wildaltNewbie
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#4Dec 10, 2017, 01:01 PM
Seeing how Bitcoin reacted to tariffs recently, it seems we're entering a bear market after that rejection at the 21 Weekly Moving Average. I don't know how gold and silver typically move, but it seems like they often move opposite to Bitcoin. When gold goes up, Bitcoin goes down or stays flat. We might be waiting for whales to sell their gold.
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SilentBearFull Member
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#5Dec 10, 2017, 04:17 PM
Honestly, I'm still bullish on crypto this year despite the market state. It shouldn’t be in this position. Institutions are clearly manipulating Bitcoin's price, and whatever affects Bitcoin tends to ripple through the entire crypto market.
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#6Dec 10, 2017, 10:15 PM
Yeah, I'm optimistic too. I’ve learned from previous halvings and know the crypto market's cycles. Trading Bitcoin is tough right now it’s unstable. I might just hold for the long term.
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0xViperFull Member
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#7Dec 11, 2017, 01:04 AM
Crypto can be everything... you can win or lose no matter what the market throws at you. There are ways to earn without even trading. I see coins, including Bitcoin, as tools to gain real advantages, not just for yearly ROI.
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whale420Senior Member
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#8Dec 11, 2017, 02:25 AM
Based on history, Bitcoin looks bearish until year-end. I expect to see it around $70k. Until it hits that mark, I'm seeing this year as bearish. It's a slow game; there will be ups and downs, but it’ll probably dip below $80k before we see $100k.
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nick.orbitFull Member
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#9Dec 11, 2017, 08:16 AM
Looks like Bitcoin's in for a rough year. Prices have been dropping steadily, and I wouldn’t be surprised if we hit $75k soon. The US news and policies are affecting everything, especially with the dollar devaluing.
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#10Dec 11, 2017, 09:27 AM
Not feeling bullish about Bitcoin either. It depends so much on Bitcoin's movements. Something big would have to happen for Bitcoin to pump this year, but I’m not seeing anything likely.
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fullnodeSenior Member
Posts: 434 · Reputation: 1205
#11Dec 11, 2017, 01:33 PM
That use you're using for Bitcoin is pretty risky, especially in a bearish cycle. Right now, you should focus on shorting instead of longing. Market trends seem to be shifting bearish.
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W1ldLordSenior Member
Posts: 52 · Reputation: 1673
#12Dec 14, 2017, 12:02 AM
I've been wanting to try stocks on my Bybit account! I’m clueless about trading commodities, but I've heard gold hit new highs. Do stocks behave like spot trades, where I hold a quantity and watch values fluctuate?
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atlas100Senior Member
Posts: 213 · Reputation: 1540
#13Dec 14, 2017, 04:07 AM
You might want to explore the futures market! Even in a bear phase, you can profit. It’s not just about buying low and selling high. You can short, which means you profit when prices drop. Gotta be versatile.
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Posts: 131 · Reputation: 6
#14Dec 14, 2017, 10:11 AM
Did you see that screenshot he posted? It clearly shows he's long on Bitcoin, gold, Google, and a few random altcoins with use. He’s using a small amount of capital to make these long trades, but claiming commodities are the only thing he’s profiting from.
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chain404Newbie
Posts: 36 · Reputation: 21
#15Dec 14, 2017, 01:24 PM
I buy gold, silver, and stocks on Perpmate DEX. Totally agree with the original post everything I’ve tried in crypto hasn’t worked out. I still believe in crypto over traditional finance.
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0xVectorFull Member
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#16Dec 14, 2017, 01:40 PM
If you're in the red, just hold tight. Don’t rush to push your losing trades into profit. If you can’t wait, you probably didn’t manage your risks well. I only trade coins, and I’m down too, but I’ll wait for a better moment.
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cobra42Full Member
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#17Dec 15, 2017, 10:40 AM
I’m bullish on both gold and Bitcoin. Just a minor dip, and it’s not alarming. Bitcoin isn’t like altcoins that could crash hard. Silver, on the other hand, I’m not thinking about right now.
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#18Dec 15, 2017, 02:56 PM
Doesn't matter what year it is; I'm not buying gold or silver at their peak just because Bitcoin might struggle. I’ll keep cash on hand and DCA into Bitcoin. Plan to buy at 60k, then 50k, and finally at 40k. Average around 50k isn’t horrible, right?
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chri551Full Member
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#19Dec 15, 2017, 03:39 PM
Everyone holding Bitcoin is feeling the pain as prices fall, but I’m not losing my desire to stack more. Other assets don’t interest me like Bitcoin does. It's important to avoid checking your balances too often.
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benblockSenior Member
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#20Dec 15, 2017, 06:01 PM
Buying during bear markets is where real wealth is built. If you buy when everyone else is scared, that’s when you profit. Too many people panic and sell low instead of buying when things are rough.
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