An Invite to explain Bulls Bears and Traders
Open Invite to a discussion
Since I have been on this platform I have seen a lot of posts on Business, trading and exchanges most from people who this may be a first time to have used an exchange, Myself I have traded shares and forex before I came into bitcoin but the same principles stand here as they do in crypto land and as much as they do on the London stock Exchange. I am not brilliant by any means I have made trading mistakes everybody does and those who say never are the ones who possibly have never traded. I am also not fantastics in covering the subject fully this why I have set the topics as an open discussion.
The aim is to help new people understand about markets and exchanges and business cycles, it would help with people who panic at the first sign of a downtrend and how to spot the uptrend rather than them becoming panic merchants and losing money sorry in its not meant to be derogatory of anyone here.
I know this may not be in the interests of Traders simply put because traders gain at the buying the sell off to sell, only to sell higher on the uptrend. I am not asking for anyone to give the their trading secrets away, i an just asking for help with basic concepts for new people, it may develop in to more as relationships are gained.
#TOPICS TO OPEN THE DEBATE
What are Bulls and Bears
What are candlestick charts
What are signs for the market bottom
What are the signs for an Uptend
When is it a good time to sell and when is it good time to buy
I have open a channel in the chat rooms called The Trading Pit please come along and join in help others to become proficient in trading Steem Bitcoin and other Cryptos
I hope this will also improve the quality of posts on trading if you think its a good idea please let me know here in replies I want to get this right there is no intention of any ego or boasts as I have first stated in trading you win some you lose some, put you should only lose what you can afford to lose, I am not a tiger of wall street, but there are plenty out there who will buy on someones panic.
I am not an experienced trader but bulls seem to people that are taking up long (buy low sell high) positions while bears are people that are taking up short positions( borrow to sell high -> buy back borrowed shares when they are low).
Thats more to do with margin trading, there are a number of strategies for trading margin trading is like taking a bet on the market going up or down and sometimes loaning money to in crease the size of a margin.
Bull and Bear are always locked into a fight Bull markets are when the markets rapidly increasing value, and the bear market is the market that's going down at the moment there is not much movement in the Bitcoin markets so people refer this as moving sideways traders are never to happy in this sort of market because there very little to be gained in profits the Bulls and bears are at a stalemate put the market will move one way or another at some point .
If you look at steem on the exchange its in line with a new business and the pattern we see is a very quick rate of adoption and then attrition i saw a lot of doom and gloom everyone staying the end is coming in posts but what was happening was a correction in which the steem found ifts floor of support and should rise again when confidence returns this is where people loose money as they sell on the rumour, the future now also depends on the inward investment into steem over the long term and people want the the news provided by steemit, if dan has his eye on the ball and is correct in his sums steemit might just become the go to platform for real intraction in the debates stories and news.
This market seems very speculative. The whole basis of it is on the value of voting power, which in my opinion is very strong, the remaining speculation is whether people will adopt it. Limiting the ability to vote to users with more steempower however in my opinon is a bad move because it limits interactivity for newer users. They also really badly need an official tutorial for new users to reduce confusion.