-Bitcoin is just code so unlike physical currency, it can be divided to accommodate problems of quantity in circulation. Hoarding by wealthy speculators in order to manipulate the market (the same people we allow to govern our currency in exchange for them not engaging in this practice) becomes irrelevant.
No technical indicator is 100% effective every single time and in this regard, our team at Trading Strategy Guides uses the OBV indicator with other supporting evidence to sustain our trades and give some more confirmation of our trades. On this part comes the Ethereum trading strategy which will be used to identify Bitcoin trades.
Founded June 2016, BuyUcoin is an Indian Digital Currency Exchange and Blockchain Wallet service where consumers and traders can transact with multiple digital currencies like Bitcoin, Ethereum, Litecoin, Ripple, NEO and many other popular assets. We currently serve more than 200,000 users and handle more than $30m in transactions.
The news of the ICO ban in China had bitcoin trading down 12%, Ethereum down 23% and Litecoin down as much as 32%, as shown below. So don’t go throwing your entire savings account into Litecoin just yet, and being bullish long-term doesn’t mean it will get there smoothly.
The last book on my list is one I’ve always loved: One Up on Wall Street, by legendary investor Peter Lynch. Yeah that Lynch, the one with his name on the marquee. He beat the market for fifteen years. Statistically most traders bust out after ten years. A lot of the advice in the book, like making sure you buy a home before investing in stocks, is outdated. Homes are regularly a huge money pit of debt for today’s young people. But his investing advice is timeless and applies to any market.
Following this and into 2013 Plus500 added Bitcoin. I was going long at night and waking in the morning to see my money go up and up, but one night the price crashed, and I got margin called. Over the next two months, I was chasing and kept losing. Finally when my losses hit -£20k I closed my account. I felt sick, and I reckon it took a good month to get over, maybe longer.
At the most basic level, a cryptocurrency is really no different than the money you have in your wallet in the sense that they have no intrinsic value and cryptocurrency are just bits of data while real money is just pieces of paper.
“We’re planning to operate this business on break even basics and we don’t plan to profit from it for the foreseeable future. The value of Robinhood Crypto is in growing our customer base and better serving our existing customers.”
Disclaimer: I am not a professional (or even a veteran) trader. I am an intermediate trader with a passion for cryptocurrency. I am disclosing my own ventures in crypto because cryptocurrency trading does make up a chunk of my online income and I want to be 100% transparent with you when it comes to making money online. Investing in cryptocurrencies carries a risk – you may lose some or all of your investment. Always do your own research and draw your own conclusions. Again – this article is aimed purely at advising; draw your own conclusions on whether cryptocurrency trading is right for you.
Did you notice that when the market cap on two different days was almost the same so was the price? This might help you to understand what to expect within the day. Check this information before you start again selling in panic when the price drops at a considerably low amount. A very good idea is to create patterns where you write down a market cap and a probable range of a cryptocurrency price. This way you will know where the market is probably heading. And if it’s the right time for you to sell or whether the price will bounce back again (if the market cap is high and only the value dropped). You can check the market cap and a price of all cryptocurrencies for each day at coinmarketcap.com, here select a coin you want to monitor and click on the tab “historical data”.
Judging by the choices of two top startups, you could see this week as a sign of cryptocurrency’s shifting purpose. Yesterday Stripe removed Bitcoin as a payment option on its platform, and now Robinhood is adopting trading. “People are thinking about cryptos less from a payments standpoint and more from an assets investment standpoint” Tenev explains.