Bitmex Calculators and why/how to use them. Most people using Bitmex have absolutely no idea what they are doing and getting into, far too many comments and observations I have seen tell me that the average Bitmex user is likely to get Rekt as denoted in this article/quiz. Most don’t use any form of risk/money management and likely have no idea how to even calculate possible wins/losses on trades ahead of time. This really bothers me as I think it is extremely important that people just don’t gamble their money away using powerful platforms like Bitmex. If you wish to prevent from becoming Crypto Road Kill then take this article to heart and dive in and do the work to educate yourself of the risks involved with trading your Bitcoin and other Cryptos on Bitmex. Calculators will help you know the risk/reward ahead of time and by doing that you are in planner mode, this mode is where all great traders are born!
Calculate your likeliness of getting Rekt on Bitmex While the clickbait-ish title of this post (yes, I admit that) is meant to be quite funny, though the topic of this post is quite serious. Due to our Bitmex Signals & general Crypto Signals Post, we are in several trading chatrooms by many signal providers (we stay in all channels we recommend to make sure, the quality remains of what we are suggesting you guys) and the things we read there, are screaming “I WANT TO GET REKT” way too often. Sure, you might have joined one or more of these channels to get advisory and guidance – which is a good thing if the channel is operated in a good way and you want to encounter your insecurities. The thing is, we see the same mistakes made on Bitmex over and over again. We don’t judge that, we’ve been there ourselves years ago and we know this is just the way our brain and our emotions work. But this habits will kill your balance sooner or later. Experienced traders know that. So, we created a “Bitmex indicator” for you to check yourself if you are trapped in the common pitfalls of…
Do you hate Technical Analysis or think it holds no weight in your day to day trading ideas? Think again. TA is not simply drawing lines and figuring out Fibonacci ratios to grow your investments. It serves trading bitcoin as Rambo served his country, often unloved but for sure a needed unsung hero for us to abuse…
The Smart Options stress-test for Crypto Signals providers. Check out our reviews – we collected a handful of providers that really knew to trade. We attached our results and checked out each and every detail for you. A golden post if you are in search for a reliable provider.
On every Bitcoin price discussion you face, may it be telegram channels, may it be Reddit, Facebook or Twitter you will find people screaming “There, there – that whale-driven manipulation Bart pattern on Bitcoin” – Ricco, who is our technical analyst at Smart Options, has been trading since the 90s and knows inside and out the common chart patterns. When we discussed the recent hype about the “Bart Simpson” – pattern, he immediately sat down to make a video, as he is allergic against – quote – “overhyped garbage” – quote end-. See Ricco demystifying the Bart Simpson pattern now:
A project we are eyeing since the beginning is the decentralized exchange Altcoin.io. And finally, we will be able to see the Plasma featured beta on May 19th. To innovate, you have to experiment. You need to try different things until you hit upon the one idea that beats the rest. We spent months exploring whether state channels were the right basis for our decentralized exchange (DEX). We learned a lot from the experience, but to deliver the DEX of the future, we need a better solution. — Altcoin.io This better solution is Plasma, which has been introduced by Vitalik Buterin (Ethereum) and Joseph Poon (Lightning Network). Smartoptions is looking eagerly forward to test the DEX and has a big red cross on the 19th this month.
Safer trading with bots? I can see you raise that eyebrow and normally I would totally raise mine along with yours. Not so in this case. We wrote already about 3commas in the past and recommended their very versatile tool with a team of super active developers. But their recent addition is just great and needs a small introduction. We will show you how we use the recently published auto trading bot, and how to use it in the best way to sleep tighter with your trades running.
The above picture is the average person freaking out when the market does not go their way. This is Jill, PLEASE we repeat! Don’t be Jill… “Jill is an adrenaline junkie, unfortunately she is an adrenaline junkie in trading crypto. Jill will buy a coin just because somebody on trading view screamed that it was going up 500% next week! Jill will sell any coin as soon as she reads on coindesk about some China news of them banning exchanges/ICOs, which they do about a few times a month it seems. Jill trades with her thoughts and feelings, she is always right even though she only loses money. Jill thinks it all is a conspiracy by the government/Hollywood to keep her down.” In short as you see here, Jill has issues and has no idea what she is doing. Unfortunately the majority of newbie traders have this un-solid emotional state. Jill is caught in the EMOTIONS trap vs real objective knowledge. When starting out in something new, you will be in that realm. It is normal until you learn the ins and outs of trading Bitcoin and other cryptocurrencies. Here are some steps you can use to learn to control…
Our friends from CryptoMedics recently published an extensive piece about VIBEHub in their CryptoGem series – and that for a reason! From May 4-5 the VRLA (VirtualRealityLosAngeles)- conference takes place. The VRLA is the „THE WORLD’S LARGEST IMMERSIVE TECHNOLOGY FESTIVAL“. Among many others the conference is sponsored by Microsoft and Intel which shows the relevance of the it. Not only is VIBEHub one of the sponsors but also they will give a presentation about „the implementation of volumetric video technology on the VIBEHub platform and will display the profound effects it will have on our society.“ This conference is the perfect opportunity to present their innovative tech to big companies and look out for potential partnerships. This looks like a solid short term trade and a great long term hold anyways.
Due to our widespread post about Crypto Signals, we are often approached to join this channel or write about that provider, and mostly we decline. However, the solution by SwT – a swing trading channel – is a fresh approach, as it is hands-free for the customer. We did not test this service itself with our accounts but want to write about this solution, as we knew from our reader’s emails that there is quite a demand for that. While we stay away from any settlement, where a bot is executing trades without a pair of human eyes, the SwT is an API Auto Trading Bot. This means mainly that their traders do the technical analysis, the bot executes the trades on the client accounts via API. Please know, that giving someone else the possibility to send trades to your account comes with a risk, you must be willing to take. Let’s have a look.