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Leverage Trading is the possibility to trade an amount, which you don’t have at your disposal. Normally Cryptocurrency Exchanges offer a leverage of up to ten to one (10:1). This means, that for each dollar you get 10 dollars of buying or selling power.
I don’t know if it’s real but heard alot of big groups that secretly do organize pump and dumps, not sure though. But to answer your question, yes day trading is profitable in someway if you’re experience one and has the patience to do it. Day trading is not always profitable , you will encounter some of the time losses that you may want to quit in day trade. Experience alot of things from doing this, at first it was fun but in the long run it’s very tiring since I have to be updated about that certain coins i invested with and watching the market 8 – 12 hours straight or more.
The project went live in 2015 but by 2016, the value of an Ether skyrocketed to $14 per coin. If you spent $100 then, it would have given you 250 Ethers and by the end of 2 years (in 2016), that would have been worth $3,500.
To help protect your market orders against dramatic price moves, market orders are adjusted to limit orders collared up to 1% for buys, and 5% for sells. Collars are based off the last trade price. This means that your order will not execute if the price of the cryptocurrency moves more than 5% lower than its price at the time you placed a market sell order, or more than 1% higher than its price when you placed a market order, until it comes back within the collar.
You’ll be notified in-app about scheduled maintenance windows and their duration. During a maintenance window, you can place orders to buy or sell cryptocurrencies, but they won’t execute until the maintenance window is finished. Furthermore, all pending orders will remain pending during this time.
I disagree with the article, fundamental analysis is worth absolutely nothing, ive traded dozens of altcoins, for me they are ALL shitcoins, pumped and dumped, it doesnt matter why is the coin great or not, it will move up and down like ANY stocks ever. Do not chase the news because its already priced in when you read it. Once you understand that, you can move out of this shitty market that has become crypto (one year ago was crazy though, buy anything, make 100 % in a week).
JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world’s leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.
Don’t invest blindy. There are people in this world who would sell a blind person a pair of glasses if they could make money. Those same people play in the cryptocurrency markets and use every opportunity to exploit less-informed investors. They’ll tell you what to buy or claim certain coins will moon, just to increase the prices so they can exit. Due to the highly speculative nature of the cryptocurrency markets today, a good investor will always do his or her own research in order to take full responsibility for the potential investment outcome. Information coming from even the best investor is, at best, great information, but never a promise, so you can still get burned.
Almost every crypto-list today starts off with the king – Bitcoin! Satoshi Nakamoto created Bitcoin a long time ago, and it was the first cryptocurrency to step blinking into the bright light of the world! Bitcoin has surpassed all expecatations and continues to grow in value and popularity – despite recent setbacks and a lot of FUD from trolls and haters (read: traditional banks) online. Will Bitcoin continue to increase in value in 2018? Recent trends say: Yes! In my opinion, any cryptocurrency portfolio should hold some Bitcoin.
On top of the possibility of complicated reporting procedures, new regulations can also impact your tax obligations. The U.S, the ‘property’ ruling means your earnings will now be deemed as capital gains tax (15%), instead of normal income tax (up to 25%). Each countries cryptocurrency tax requirements are different, and many will change as they adapt to the evolving market. Before you start trading, do your homework and find out what type of tax you’ll pay and how much.