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Non-leveraged crypto trading with iforex

  • #41
  • Apr 3, 2023 7:34am Apr 3, 2023 7:34am
Allright. I can agree with that. You know what is going on for the past few days, right? The biggest crypto exchange is being probe by the U.S. authorities. There can be a lot coming out of that in the following days and weeks. Gotta be careful. There's definitely accumulating volatility under the surface.
  • #42
  • Apr 4, 2023 12:41am Apr 4, 2023 12:41am
I don't have any points against buying non-leveraged these days. It is good also for keeping the total volatility of your portfolio in check. However, have you actually seen what happened? I was monitoring the situation all night when the big news broke in the U.S. with allegations, charging, investigation. Well, the market turned red for a few hours, that's for sure. But the losses and the selling was limited, and it bounced right back up.

What I am saying is, the market looks strong this time, maybe finally cryptos FTW?
  • #43
  • Apr 4, 2023 8:43am Apr 4, 2023 8:43am
lolz, sure, it can be the situation this time, but you'll never know. How do you know when a worse tide of news will break out in the middle of the night, you're asleep and don't have control over your positions, and the market literally dumps. If you have any leveraged futures contracts, you will have wished to neutralized your exposure and gone down into non-leveraged trading. You can sleep well if you don't have that, probably.
  • #44
  • Apr 4, 2023 9:58am Apr 4, 2023 9:58am
You can't. On the other hand though, it is a bit about belief. If you don't believe WGMI, then you're simply NGMI ) trust the process and keep filling the bags with the decent names, spot or not.
  • #45
  • May 16, 2023 3:59pm May 16, 2023 3:59pm
Jeesus. This market is a psychological roller coaster that must have been driving everyone literally crazy for the past month or so. Has anyone followed the price action?
Ngl, I actually was 100% sure cryptos FTW, I thought it was the onset of the next big bull run, every other economic data release was supportive of the price. The BTC was up like 75% YTD. I started to think about my decisions and opinions on non-leveraged trading, felt a slight FOMO and wanted to pile in on altcoins and whatnot, no cap.
But then things started to happen lol, and I was back in my happy place and contentment in terms of my decision on non-leverage.
Anyone had an interactions with any coins past month? It was intense. And it is still going as intense as ever. You can't NOT love the adrenaline flow, right?
  • #46
  • May 17, 2023 12:26pm May 17, 2023 12:26pm
You've bet your bottom dollar some of us had some crazy action in the markets. I think I was right afterall. I told you about the possibility of some of the worst case scenario type of news coming out in the middle of the night. Ever checked social media? People were waking up to tens of thousand dollars in the green, and their P&L was turning red in the span of a few hours 180 degrees. This market has the ability to be the slaughterhouse that it already is, slaying bulls and bears left n right. Bull traps and bear traps all in the same 24h period. I cant imagine ANY scenario where I'm 50x long ANYTHING under these conditions
  • #47
  • May 17, 2023 4:44pm May 17, 2023 4:44pm
I dunno, I seen ppl conjurin up some high level mambo jambo on some exchanges and pull in some hefty profits But, you just need to have a lotta stress resilience for it I guess, I wouldn't wanna see my P&L in the green big time, go for a jog or breakfast, come back to see everything decimated either. that'd be just soul crashing.
  • #48
  • Jun 2, 2023 10:35am Jun 2, 2023 10:35am
Well? I have been seeing nothing but sideways price action, a lot of frustration and longs getting butchered, shorts getting slaughtered left and right.
Still not the right time to use some leverage, eh?
Where's that bull run that we were promised?????
  • #49
  • Jun 2, 2023 11:44am Jun 2, 2023 11:44am
Quoting Vudokus
Well? I have been seeing nothing but sideways price action, a lot of frustration and longs getting butchered, shorts getting slaughtered left and right. Still not the right time to use some leverage, eh? Where's that bull run that we were promised?????
Bull run or not dude, the time for filling the bags still has not finished. I have been checking the buyside with enough chain analysis and flow analysis. The big names and whales are still buying under the surface on many platforms and pulling out their stuff into cold wallets.
They are not doing that with leverage. They are buying spot, my G )
  • #50
  • Jun 4, 2023 1:17am Jun 4, 2023 1:17am
Quoting Whitewind
{quote} Bull run or not dude, the time for filling the bags still has not finished. I have been checking the buyside with enough chain analysis and flow analysis. The big names and whales are still buying under the surface on many platforms and pulling out their stuff into cold wallets. They are not doing that with leverage. They are buying spot, my G )
True dat. I also happen to agree with spot buying during these kind of periods. Anything can happen with this time, defi markets are patiently waiting on the next big thing that could change the overall narrative in the markets.
However, I'd say I have seen a healthy rotation under the surface. See how BTC and ETH holds up? LTC's halvening is also coming up, so that holds up quite nicely as well. The top tier altcoins are bleeding out veery slowly. Can't say the same about the low quality coins out there, it's a different realm. One day they're up like 150%, the other day they get listed on a major exchange and down 65%. I don't have the heart for buying them with leverage or any other coin right now for that matter
  • #51
  • Jun 5, 2023 1:55am Jun 5, 2023 1:55am
Quoting Raincrusher
{quote} True dat. I also happen to agree with spot buying during these kind of periods. Anything can happen with this time, defi markets are patiently waiting on the next big thing that could change the overall narrative in the markets. However, I'd say I have seen a healthy rotation under the surface. See how BTC and ETH holds up? LTC's halvening is also coming up, so that holds up quite nicely as well. The top tier altcoins are bleeding out veery slowly. Can't say the same about the low quality coins out there, it's a different realm. One day...
The halvening thing is a double edged sword. It might not work out as you might be thinking it would. We have seen many halvening cycles in BTC, and the price is still not a million dollars per 1 BTC you know.
Bear markets still happen, and you don't want to come into the halvening day holding tons of LTC on leverage. I'd say the best method to prepare yourself for this event is again buying spot LTC if you want to own LTC that much. Because the social media is pumping this news a lot lately. And you know the drill, buy the rumour sell the event kind of at thing. Right?
  • #52
  • Jul 13, 2023 11:25pm Jul 13, 2023 11:25pm
Well, for the past month, nothing has been happening as you could see. The buyying opportunity persists lads. Everything has been in a not-so-tight range thus far. We're still spinnin around the concept that spot buying here would work way better than leveraging into any coin
  • #53
  • Jul 14, 2023 10:52pm Jul 14, 2023 10:52pm
Exactly, same thing with LTC. Yes it has made some gains in the weekly chart. especially if you look at the last week of june. but then it gave away more than half of those gains. some might see those 30%+ weekly gains and might have jumped into LTC with leverage, and if that was the case, they probably are majorly disappointed to lose all their capital. Weathering a 10%+ drop with leverage must be hard without a tight risk management, don't you think? and even if you have such rules, they should have been already stopped out. That's just not an ideal way to go about this.
  • #54
  • Jul 16, 2023 7:27am Jul 16, 2023 7:27am
Just like I said earlier man, we saw a lot of news related jumps across the board for the last two to three weeks, a spot btc etf here, a different crypto etf there, a a bank ceo naming bitcoin digital gold here, a partnership there. but even with all that, there is not a lot of risk appettite in the markets. otherwise btc would have been at $50k rn, wouldn't it? if you look at the metrics, people are still pulling out their crypto out of the exchanges. i think the smart money is still accumulating spot
  • #55
  • Jul 17, 2023 8:06am Jul 17, 2023 8:06am
thats exactly how i think man. i told you the last time. there are big buyers under the surface and they are definitely not getting their hands on leverage. and they don't have to, they got enough big bags, they can just buy spot and sit on top of that for months, and when the big news come out, they will have their profits. they are not paying any leverage fees, no rollovers, no nothing. silently and calmily waiting for the big waves to come. and thats what retail should do as well.
  • #56
  • Aug 3, 2023 11:33am Aug 3, 2023 11:33am
Guys guys guys. I came here to reiterate the same thing I said the last time. It's still all news related price action. You just seen what happened. A credit agency downgrades the US debt. US risk assets fall, all the other risk assets fall as well. Guess what? cryptos fall across the board too. I think the correlation between cryptos and risk assets, tech companies, NASDAQ and all that is still high. And I guess I still stand by what I said earlier. Spot buyers will not cry in this bloodshed. Even if they wont fall like a 50%, even if they fell like 3-5% and then get back, in terms of the price, the stress is still not worth it with leverage.
  • #57
  • Aug 4, 2023 11:12pm Aug 4, 2023 11:12pm
You're absolutely right fren. Its totally not about a single name. When they fall, they take each other down as well.
You know, I am almost certain about the fact, that the major part of these falls are coming from the positions that are forced to be closed down due to excessive borrowing via leverage. Exchanges stop traders out of their positions, singlehandedly force them to bring down their leverage and free up margin, well, there you go, millions of dollars wiped out in a matter of hours, the house always win, and the traders get hurt because of this self-fulfilling prophecy caused by overleveraging.
  • #58
  • Aug 5, 2023 4:48am Aug 5, 2023 4:48am
that's exactly why I am stacking them up a few at a time. Buying with cash, without owing anyone, that's the spirit. otherwise, you will buy a ton with leverage, you wait for the court decision, as a lot of traders have probably done with ripple, or microstrategy's quarterly earnings and how many bitcoin they bought, you wait for the price jump with the leverage...
what if the bounce never comes? what if the bogdanov brothers see your leverage and go "dump eet" lol
  • #59
  • Sep 11, 2023 8:21am Sep 11, 2023 8:21am
Well, come to think of it, they just might! You know how I know? have you seen the most recent news about this spot bitcoin ETF? The market has been waiting on it for years bruv, for years! and even that could not keep the markets up on their toes. I have a bad feeling about the market might be on its way down sometime soon too. First of all the market has been waiting for some good news for so long, and when the good news cannot keep the markets up and going, that's almost bad news. People are again loaded up with leverage since there has not been a large capitulation for quite a long time either. Soo its a ticking time you-know-what.
  • #60
  • Sep 11, 2023 11:14pm Sep 11, 2023 11:14pm
you are right, the whole world was watching this whole binance fall case revealing, nothing good or bad came out of that for now. and all of them are now waiting for the ETF news. Can you imagine if it gets rejection or falls on its face? so many people will say bye bye to their hard earned money because of leverage. it's too much risk man.. I cannot be bothered to lose all my money in a matter of minutes because of that
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