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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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JohnsonLoi
post Feb 2 2021, 09:21 AM

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QUOTE(Eithanius @ Feb 2 2021, 09:01 AM)
That deposit IINM is for sellers in case they got your money and decided to cabut...

If you buy USDT via P2P, no need deposit... Unless you need to sell USDT later...

I've been buying USDT without the need to deposit...
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Oh I got it.

It is like if seller cabut, the security deposit is the penalty seller have to pay.
JohnsonLoi
post Feb 3 2021, 01:13 PM

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I am new to leveraged trading on Binance.

I long BTC yesterday and so far is in the profit (Unrealized PNL).
I do not put stop loss nor target profit. If I want to exit the position while I am in the profit , do I click 'Stop Profit & Loss' or 'Close position'?
JohnsonLoi
post Feb 3 2021, 01:37 PM

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QUOTE(shahrul09 @ Feb 3 2021, 01:33 PM)
Close position will basically close your position on market sell/buy. If you doesn’t care about fee. Use this. Faster and will close immediately.
I use this.
If you care about the txn fee, close your position manually by limit order.

I never use the stop profit and loss.
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Thanks and good to know.

Yea I will close whenever I feel like it so I don't put the stop loss and profit and do not care about the fee much.

Anyway I am using Isolated instead of Cross Margin as it is easier for me to understand.


JohnsonLoi
post Feb 3 2021, 01:48 PM

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QUOTE(ben3003 @ Feb 3 2021, 01:45 PM)
Yeah tats y i am patiently waiting for big drop.. too bad i am too new for short or watever.. pakai luno saje.. small drop tried few times masuk, either not earning or losing lol..

Then 90% of time chase high sure kena burn 😂
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Depends on your time frame.

If you focus short term and want money quick, then I don't know how low might crypto go.

But long term, it is good. So if you can hold for at least 6 months and ignore the noise (dip) in between, you will be good

This post has been edited by JohnsonLoi: Feb 3 2021, 01:49 PM
JohnsonLoi
post Feb 3 2021, 01:59 PM

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QUOTE(MANUTD676767 @ Feb 3 2021, 01:51 PM)
I see Luno like to delay the price ler. Are they scamming people lol
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After I know that they can halt trading when there is huge volatility, I do not plan to use it anymore. They call it Circuit Breaker

Imagine wanting to sell BTC at the top but cannot sell lol

Prefer Binance for now
JohnsonLoi
post Feb 3 2021, 04:40 PM

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QUOTE(shahrul09 @ Feb 3 2021, 04:28 PM)
Sorry if you misunderstood. I never use those stop profit & loss button there. But I do use stop loss, I key in manually using the stop limit at the “close“ section. Its an old way. Prefer it this way. I would advise you to always use stop loss if you don’t want to get burn and liquidated if there is a sudden dump that nobody can see to minimise your losses.
It gonna be painful if you get liquidated.
Price not always gonna go up one way only.
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Yea, but probably will set stop loss slightly above my liquidation price
JohnsonLoi
post Feb 3 2021, 04:40 PM

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QUOTE(ben3003 @ Feb 3 2021, 04:36 PM)
wow didnt know this can happen at luno. but i can see is when binance is very active up down, luno one macam gerak very slow.. probably should switch to binance also..
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https://pictr.com/image/7eVfX8
JohnsonLoi
post Feb 4 2021, 08:21 AM

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QUOTE(ben3003 @ Feb 3 2021, 04:43 PM)
ah shit... tat is bad. but will that affect my stop loss order?
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I am not really sure as I only read what was written on that screenshot. But my guess is that after they resume the trading then only everything can operate as usual


QUOTE(shahrul09 @ Feb 3 2021, 04:49 PM)
Lmao, but this only trigger when sell off happen, never did it triggered when price pump. Did it triggered when xrp pump all the way to 0.7?
I saw it only triggered when the sell off come.
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No. When I noticed it the first time it when was the price of XRP was going up when it happened on Saturday night! And then when the price dropped from 0.7x to 0.5x it happened again on Monday night


QUOTE(Andrew Lim @ Feb 4 2021, 12:03 AM)
I feel Luno and Remitano are only good for cashing out or buying stablecoins with MYR, and I would immediately transfer the stablecoins to Binance.
Their infrastructure isn't good enough for daily or regular trading, and they all have Securities Commission breathing down their backs.
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Agree. Binance is the best


QUOTE(wongtheboy92 @ Feb 4 2021, 12:33 AM)
but if u want to convert crypto to fiat, u still need to sell it over Luno/Remitano platform right?
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Binance, Localbitcoins also work

JohnsonLoi
post Feb 4 2021, 09:04 AM

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QUOTE(ben3003 @ Feb 4 2021, 08:48 AM)
Wow eth gonna break rm7k..

When can buy tat dip lol
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In bull market, all dips are quickly being bought
JohnsonLoi
post Feb 4 2021, 12:20 PM

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QUOTE(wongtheboy92 @ Feb 4 2021, 11:55 AM)
There will be a withdrawal fee to your local bank account right? Usually I heard ppl convert into USDT in Binance from their crypto, I am unsure why thou.
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If use P2P there will be no fee. Since it is direct bank transfer from another guy to your bank account. Like how your friend do bank transfer to you.
JohnsonLoi
post Feb 4 2021, 03:46 PM

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QUOTE(Sky.Live @ Feb 4 2021, 03:43 PM)
almost everything i owned turned into stable coin now.. now i can only watch lol
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What do you own I wonder?

Everything is going up now

JohnsonLoi
post Feb 4 2021, 03:49 PM

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Elon Musk just tweeted Doge and it is now pumping hard

https://twitter.com/elonmusk/status/1357231313376456708

This post has been edited by JohnsonLoi: Feb 4 2021, 03:50 PM
JohnsonLoi
post Feb 4 2021, 03:56 PM

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QUOTE(Patent @ Feb 4 2021, 03:54 PM)
he removed #bitcoin in his profile and then tweet doge
i think elon is just shitposting
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I believe he owns a lot of Doge
JohnsonLoi
post Feb 4 2021, 04:03 PM

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QUOTE(Sky.Live @ Feb 4 2021, 03:51 PM)
Sold my BTC / ETH / Link / DOt
left with ENJ not much movement

link and dot left like 20usd only
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I think most people in this crypto space long enough know that only BTC and ETH will survive. Other coins are just hype and speculation
JohnsonLoi
post Feb 4 2021, 04:10 PM

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QUOTE(skyp @ Feb 4 2021, 04:09 PM)
I believe so..
So far besides Doge and Btc, what other coin he tweet before?
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Only BTC and DOGE I believe
JohnsonLoi
post Feb 6 2021, 09:59 AM

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Just want to see the sentiment here in lowyat forum

Anyone here think BTC will at least reach $300,000 USD this year in 2021?

Put the percentage chance between 0-100%

*1% = very unlikely
*99% = very likely

This post has been edited by JohnsonLoi: Feb 6 2021, 10:00 AM
JohnsonLoi
post Feb 6 2021, 10:16 AM

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QUOTE(Amaru @ Feb 6 2021, 10:01 AM)
0.0001%
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Why so low? What is the highest you think it will reach this year?
JohnsonLoi
post Feb 6 2021, 12:40 PM

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QUOTE(ljken @ Feb 6 2021, 11:33 AM)
Need to look at BTC marketcap, 300k would mean either all altcoin collapse flow into BTC or USD inflated by a lot.

The money don’t appear from thin air. 0.001% is a very generous %.
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Imagine Tesla or S&P500 companies putting just 5% of their balance sheet into BTC
JohnsonLoi
post Feb 6 2021, 08:34 PM

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$60k per BTC possible in February
JohnsonLoi
post Feb 7 2021, 08:18 PM

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QUOTE(lovingforyou @ Feb 7 2021, 07:22 PM)
Can i buy some DOGE ?
It's viral but i understand it's troll coin
but who knows it priced at 1USD after few months due to it named?
Any future of this troll coin
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I have seen strangers thing happening in crypto.

Yes for me DOGE is basically gambling as it has no fundamental value. Just a meme coin. But never say never if it will reach $1.
$1 is basically around 16x from here which isn't far.

I have seen Bitcoin done more than 50x and Ethereum already up 16x alone since the low last year.

But still I recommend buying Bitcoin first before Doge

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