Best explaination I've seen of what is happening so far in crypto land:
https://amp.reddit.com/r/BitcoinMarkets/comments/7nzlwh/bitcoin_manipulation_theory
I've noticed these same *massive* buy walls as this guy is talking about in all the sh!tcoins being pumped, just saw one earlier in Siacoin which prompted my earlier post (and surprise 100%+ profit, and counting, in under 2 minutes ). This way institutional investors can buy Bitcoin inventory slowly without skyrocketing their own buy in price and keep Bitcoin price relatively stable as there is no money draining from Bitcoin like it really should be at first glance. With all the money seemingly going into alts Bitcoin should've tanked to $7,500 or less instead of consolidating between 13K & 15K.
This would fit wallstreet type trading perfectly.
Yup.
It's amazing how couple days can result in thousands of dollars of lost opportunity cost.
-I bought VET at $1.20 ONLY a week ago.
-I wanted to buy more that night but sending money takes 8 days to verify.
-In the meanwhile VET went up to $4 right now
OMG. If I had used wire transfer instead of ACH, I would've had the money few days ago to buy more VET.
I STILL don't have funding arrived. Literally losing money by tens of thousands.
Don't sweat missed and/or loss of unrealized gains, just take the punches and seek the next investments. You're constantly missing huge swings in hundreds of other cryptos.
Day trading is inherently risky, and prone to becoming a gambling addiction. And wild price swings in any asset often bring a correction/retrace, and besides the small ones, while a big one may never come, it may also be devastating and immediate. Sometimes they never recover, not in any trading time frame, but also sometimes they go up a massive ways without ever looking back, forming a new level. Those are super rare though, and while seemingly more common in cryptos, those that crash often do so painfully.
Nah, that aspect is just pure manipulated trading. Wild swings are rife in the lower-priced stocks, specifically the vast majority of penny stocks. A little hype, and some big whales moving a lot purposefully with one direction in mind, often using social media to manipulate minds as well as the market. Get people hyped up, tell them it's the next big thing, and that big things are happening soon!™ Then the whales move in and put up huge trade walls that encourage or stall price movement, depending on goals.
It's not bubble syndrome, just the nature of sailing in murkier seas. I've made and lost significant money through the stock market, and now likewise in the crypto market. Except so far I'm overall very up right now, those too are still unrealized gains.
I say for anyone interested in trading cryptos more accurately, go study stock trading. Do so in depth if you wish to see -- and keep -- gains. You can get lucky (I did, early on in my trading) and that can bait you when others don't behave quite the same way. I remember in college I traded the banking disaster (from the bottom, basically) and at one point had an unrealized $8000 gain, but ended up only actually realizing half that. And others I've held on for too long in the red and never see them come back up.
But ultimately, something similar was said earlier, but here's Warren Buffett's take: "The stock market is a device for transferring money from the impatient to the patient"
When you aren't super wealthy, and dream of riches, you are more likely to play the go big or go home game, and bet on the wild rides. Some get lucky, the vast majority do not, not in the long run. As you acquire wealth, you first are probably doing it via some patience, but you are probably more so not making such big individual bets. You are more conservative in your gambles, at least when it comes to your total net worth compared to the size of your trades.