Another problem is that you are John Henry battling the steam shovel. Very smart people have built very smart algo-trading bots. APIs on crypto exchanges make these very easy to create. Can you beat these little demons with just your “dog’s breakfast” in your head (as Vonnegut called it)? Recall how Cuban’s comments seem to have precipitated a bitcoin selloff a few days ago. Was that people reacting, or was that a thousand little algo-insects doing sentiment analysis on twitter? You wouldn’t be able to beat these creatures to the punch.
Volumes indicate the liquidity of an asset. The greater the liquidity the easier it is to buy and sell, even when there is turmoil, and the lower the Bid-Offer spread and therefore the cost of trading. You want to avoid assets with tiny liquidity as when the shit hits the fan it will be costly to exit. Bitcoin has world-class liquidity. I run a crypoasset analysis site named Blocklink.info. Here is a screen-grab of the most liquid assets in the world.
If you’re looking to buy large quantities of Bitcoin, you can use OTC (Over the Counter) exchanges. OTCs specialize in fulfilling large orders and, as such, can usually execute your order a lot faster than traditional exchanges can.
I ruled myself free to apply discretion in my index-tracking. It was very clear early on that Ripple was in a secular bear market against Bitcoin from 18 May and I quickly became and stayed underweight in Ripple.
The ICON technology (ICX) is incredibly exciting because it aims to harbor the single largest decentralized global network. It aims to provide its users a certain degree of connectivity between countries and cultures around the world that’s currently just not possible or non-existent. This network gives way to businesses and individuals to communicate, transfer, deposit, and in many different ways cooperate with each other in a never seen before way. ICON shows extraordinary potential for the future, but it’s already boasting a large community made of reputable security institutions, banks, hospitals, insurances, universities and institutions in many other sectors. Crucially, ICON is NOT yet tradable in South Korea – when changes I expect this coin to moon.
FXOpen lets you trade cryptocurrencies Bitcoin, Ethereum, Litecoin against the US Dollar, Euro or Russian Ruble in the form of CFDs. We use top Liquidity providers (Exchanges) to agregate liquidity and hedge the risks of client’s exposure. Our order execution is based on the ECN Aggregator.
ICOs have a lot of varieties. You may either see ICO sales with a specific time limit or pre-defined project funding goals. For example, an ICO may have tokens that are sold on a pre-defined price that will not change during the ICO sale; in such cases, the token’s total supply has to be static.
Frankly though, I don’t see this train stopping any time soon and everybody should throw at least a couple of hundred bucks at crypto to hedge their bets. You may lose your money and if that freaks you out, maybe this isn’t for you. Here’s the thing though, only with risk can one hope to profit – this applies to all aspects of your life.
Don’t be greedy – the crypto space is very volatile but it’s not too dissimilar in its trading and price discovery than the stock market. Rallies eventually lead to selloffs and its better to lock in profit early than take on unnecessary risk for a slightly higher move. Also, sometimes doing nothing is better than doing something.
The Swissquote Bank financial platform sees more traffic than anything comparable in Switzerland and is secure and user-friendly. The research and analysis tools and real-time information it provides give you everything you need to invest in the financial markets.
Huobi and OKEX, formerly two of the largest cryptocurrency exchanges in the Chinese market prior to the government’s ban on cryptocurrency trading, relocated immediately after the ban on cryptocurrency trading was imposed in October 2017 to Hong Kong to serve both Chinese investors and international traders. Almost immediately after the two exchanges migrated to Hong Kong, Huobi and OKCoin experienced a massive surge in daily trading volume and demand.