"In Cryptos the next move will not be the last move: up or down, there is money to be made" - Pamela Paige

Pamela Paige is a real estate developer in New York City who specializes in connecting high-level commercial developers nationally. She joined the crypto trading world at the beginning of 2017, an investment opportunity that, she thought, should not be missed. After our interviews with crypto traders Steven Hatzakis and Crypto Ed, we are thrilled to share with you today the views and opinions of Pamela Paige @thepinkcrypto.

When did you join the Cryptocurrencies world and started to trade them? How did it happen?

I entered the world of trading about a year and a half ago. I am a long time follower and enthusiast but most of my funds were always tied up in real estate developments. I saw an opportunity for Blockchain technologies and cryptocurrency to cure real estate of its fatal flaws and to me, that meant it was time to buy.

How could blockchain technology cure the real estate market's fatal flaws?

My entire process was making mistakes in order to learn 

Many of the issues experienced in the traditional real estate markets can be cured, or at least dampened, by blockchain tech. For one, the speed of transactions is absurdly slow. We are in an age of technology where we still rely on paper pushers to get paperwork done correctly, and if there is an error, you have to wait for it to be corrected which leaves room for more human error. The long holding periods, the faulty debt-enslaving lending system, poor valuations, appraisal smoothing, and the overall property visibility/liquidity are all problems that come to mind.

However, the biggest flaw we need to combat in real estate is the implications it can have on the economy. The debt enslaving loans mixed with poor valuations during booms and crashes drives entire economies into a collapse. Having said that, well-awarded economists have been mentioning that digital currencies (long before crypto was around) are the only method of effectively combating the inflation and instability caused by traditional markets. It was theorized that there are lending methods that can stabilize the economy if their focus wasn't entirely based on turning profits, and based on research, this claim appears to be accurate.

As a crypto trader, what did you have to learn on your own but would have preferred to be taught?

This market is very much a trial-by-error learning curve. So I can't say I missed anything in particular because my entire process was making mistakes in order to learn. Of course, those of us who have been through ringer can surely help beginners become more knowledgeable. I am also building a platform with a group of friends that will be a crypto database focusing on free education instead of traditional paid groups and shills. I think these are important steps to take in order for us to really help with mainstream adoption.

The only thing I would say I was missing was experience and I should have "paper traded" long before entering real trades. Don't FOMO [Fear of Missing Out] in because the market is about to move, there will be other opportunities to make money off crypto down the road. The next move will not be the last move, up or down, there is money to be made.

Are Crypto markets suitable for short-term trading, in your opinion?

Short-term trading in Crypto is an absolute godsend to anyone who wants financial independence

Short-term trading in crypto is an absolute godsend to anyone who wants financial independence. Do your due diligence first of course. The volatility in the market allows for drastic ROI’s but also provides an atmosphere where you can afford to make mistakes and easily make your money back on one quality trade. The lack of volatility in traditional stocks prevents this and makes the learning curve a bit harder to deal with. Of course, that’s my opinion, you could very well argue that the volatility makes the learning curve here harder to deal with as you could stand to lose your money just as fast.

This indeed sounds too good to be real…

Crypto in general sounds too good to be true, and I would argue that it's largely because it is. In most cases, the projects are nothing more than grand ideas that will never come to fruition. The beauty is we are now starting to see businessmen and women mix into space with developers and traditional investors. This is necessary for growing the community to applicable spaces.

But there must be some pitfalls to avoid, aren’t there?

The pitfall is the same as the benefit to me. It's very easy for everyday people to get caught up in the quick gains, just to turn around and lose more than they earned. So risk management is incredibly important. The risk in this market can also be found in the lack of regulations. While it is good not to stifle the growth, we don't know where regulations will land on different projects. This can be harmful as you might buy into something that tomorrow is deemed a security, and as there are no securities exchanges, the price will tank and it would likely be delisted. We haven't really run into this issue yet - Coinbase is, but the market sentiment is surely highlighting it with projects like XRP & ETH.

What is the most complicated situation you’ve had to face so far?

News and fake news can really play a factor in the price action

The worst situation I have found myself in yet is not taking enough profits on coins I knew were bad projects just because of the illogical price action we have seen in the past. I made a mistake of not locking them in, but I also made mistakes like throwing my bag of ZRX into thin air. Of course, it's run up a billion and a half per cent (sarcasm) since I vaporized it. I copied and pasted an address that didn't copy and paste and hastily sent it while working on too many things at once. My new policy? Copy, paste, read the first 5 and last 5 digits to make sure they match.

On a scale from 1 to 10, how much would you say technical analysis applies to cryptos?

This is a solid 10 for me. People can try and claim TA is useless all they want but it is a tool, that analyzes the psychology of the market. If used properly, it provides a massive benefit and is as equally responsible for my success as fundamental analysis has been.

Are there any cryptocurrencies that adhere to technical analysis more than others?

There certainly are. When you see projects like Verge with ridiculous cult followings and unprofessional behaviour then news and fake news can really play a factor in the price action. TA might be a little less useful on these but it’s important to factor news into trading in general.

How closely do you follow news about Cryptocurrencies? Or is it all about price action for you?

Media attention tends to be misleading but can be used as a good indicator of where we are headed

This is a tough question to answer from a perspective of giving advice but I personally don’t follow news outlets very frequently because they tend to have too much bias. I do pay attention to headers, but rarely read the article itself. Having said that, I pay significant attention to news delivered by the projects themselves. Media attention tends to be misleading but can be used as a good indicator of where we are headed.

How do you find the crypto-trading community? Do you share opinions and experiences with fellow traders?

I speak with several traders on Twitter and also run a Crypto Roundtable with industry professionals from development all the way to hedge fund managers. I wrote an article recently in 21 Cryptos about the importance of expanding your network, especially in crypto. As they say, the bigger the network, the bigger the net worth, and this really applies to crypto because there is so much information to keep current. So having the basis of extra researchers you trust can be a huge benefit.

More and more stocks and forex traders are dipping their feet into crypto-trading. Is there any advice you can share about how to choose an exchange or a broker?

The bigger the network, the bigger the net worth, and this really applies to crypto

My advice would be to do your research and talk to other traders before you do anything in this space. It isn’t a dive in head first kind of ordeal but you also don’t want to miss the train. Eventually, the markets will stabilize and be less volatile as more and more money pours in. Come chat with me on Twitter @ThePinkCrypto, I would be happy to share my knowledge and provide guidance with any new traders!

Institutions are gradually entering the Crypto scene. Do you think that this could significantly affect trading?

This can absolutely affect trading. Initially, it’s bullish news for the crypto space but it comes with the downside of big money market manipulation. But overall this will increase market liquidity and this is great for early adopters.

2018 has been a rough year so far for cryptocurrencies after a meteoric rise in 2017. Any price forecast for the months to come?

I don't like to give predictions because they really are useless. I would advise looking at the different scenarios/probabilities via technical analysis and keep an understanding that fundamentals can change price action in a matter of seconds. Last Saturday, July 14th, was a perfect example: Coinbase said they are looking at several coins, they didn't say they are listing them, and yet the price rose purely based on speculation. This is also dangerous if we want to point back to the question before this. My guess is based on technical analysis that we have done via @coinismIO is 5800 is the most likely scenario for incoming price action. This could go all the way down to 4800 off current scenarios we have highlighted. That doesn't mean that there isn't a small chance that the trend will get reversed, especially with the bullish news coming into the market lately.

Play the charts and take trading where the charts/fundamentals take you

What would be your final advice to other crypto traders?

Do your own research and analyze charts from different styles of chartists and see what is most logical to you. Then make your trades. If you wanted a wild shot in the dark, I would say 5500-5800 bottoms out and a reversal appears w/ the bullish news (especially if ETF's launch) and then we work slowly towards our previous highs. ETF's might act as a catalyst to push us back to the all-time highs, but don't bank on it. Play the charts and take trading where the charts/fundamentals take you.

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