And i bloody stupidly decided to play it safe last night and converted everything into usdt before i got too drunk to trade
Spent all day nickle and dimeing with bloody 500usdt btc buys and selling them all a thousand higher for like 8$ gains
If i ha? of just left it woulda mooned pretty hard ahh well now i know to set up some trailing stop limits or something before i ?tart going all clam eyed watching diehard 3 for the first time somehow
I know i should shut up about gme but the ceo went on crazy anti liberal rants and heaps of pro trump rants even stayed maralago etcetc and all the reddit GME apes went ape **** cause theyre all liberal that crashed the price some say intentionally so some puts could come thru and clean house so to speak. Its almost like watching the identical thing happen to btc
Anyways im too mentally exhausted to continue these constant small trades i must be makeing binance a fortune i think i cleared triple digits in 1 day easy of buys and sells
So for the benefit of anyone unfortunate enough to be reading my nonsense ill post a screen shot of how i basically just roughly count how many bitcoin are being bought and sold and from that you can pretty much safely see if the price will be going up or down ao for example
Next to the coloured dashes on top right you can see the amounts of bitcoin being traded and at what value they are being traded. On the fly you can quickly add those all up and which ever has the most will basically WIN a little fight as the price moves up and down.
Essentially the bigger number gobbles up the smaller number.
So for this second in time its better to sell rather then buy because your buying purchase at market rate will just be gobbled up by the sales at market and you can see just how much is waiting for you after that
Makeing buy and sell orders is as simple as clicking on the price you want (i usually have 50 selected rather then 100 for a bit more accuracy) anyways you set ya limits and watch either the green army over throw the red or vice versa.
One thing to make not of is just how LITTLE people are tradeing further out then a thousand or 2 price point wise.
Its all just little algorithmic bot buying and selling
I do enjoy throwing down a large amount manually im still a bit skeptical on the bot situation but ill let a few run theyre full course before i make my mind up. One thing is for sure if you could somehow organise a few whales to either all buy or all sell at same time it would completely white wash the little green and red armys completely and the price would just fly up or down
Pretty much just like the stock market does but the levels of bull**** in the stock market are just unparelled
Anyways im getting to the point now where im feeling like all i really need to do is increase my investments 10 fold and instead of makeing hundreds of little $8 gains id be makeing hundreds of little $80 gains and that would honestly become my new job. But im in no rush still cutting my teeth a bit and sadly btc isnt immune to trump and media manipulation it seems