An official announcement thread of a coin will show you important information: Total coin supply, technical details, development plans, mission statement, community speculation, and a lot more. Additionally, Twitter is a great resource not just for news, but tracking down web pages and other forums related to a cryptocoin.
You can make money with crypto, it moves up and down like any stocks. If you have no idea about you’re doing, it’s likely that you will loose your money. Just one important advice : dont get attached, dont get emotionnal (should not be too hard if you read RoK :D), money is made from greed and fear and only the and small percentage can benefit from the idiots who loose it all.
While I don’t disagree there is money to be made, please do your own due diligence before embarking on crypto-trading and “striking it rich.” Taking out high interest loans, sinking your savings and the likes into this experiment, ye be warned. My generation especially, it seems everyone wants it all now without producing anything of value. This article reeks of this.
Nonetheless, choosing an exchange that meets your needs is important. For US-based investors, CoinBase is one of the leading exchanges to offer cryptocurrency trading on Bitcoin, and recently integrated with Fidelity Investments so Fidelity clients can see their Coinbase balances from their Fidelity brokerage accounts.
Each user has a “wallet” with specific information that confirms them as the owners of any specific cryptocurrency. Each user’s wallet allows them to send and receive coins and acts as a personal ledger of transactions. These wallets are built to be secure however additional measures and passwords need to be considered to keep them secure. The wallets can be stored on a cloud or an internal hard drive.
Unfortunately, not even a single cryptocoin from this community gathered enough momentum to push them into the world’s consciousness until 2008 — the year when Satoshi Nakamoto’s paper, “Bitcoin: A Peer-to-Peer Electronic Cash System”, was published.
I made a great mistake in not buying Ethereum and Ripple in 2017 until 18 May. My mistake was Bitcoin Maximilism. I refused to have anything to do with Ethereum and Ripple because I didn’t like them. As a result I missed these returns.
Influential entrepreneur Richard Branson talks about STK (Stack) on his blog. Cryptocurrencies are new to a lot of people. Allowing payment transactions in day-to-day life using cryptocurrency has been a significant problem in the past. There are a few issues that need to be solved in order to make the
Taking the USD I’ve made to buy a home is a solid decision. I can live a nice middle class lifestyle in Los Angeles. Or I can drive a flashy car while I rent a crappy apartment in Los Angeles. It all comes down to your values.
On 22 May 2010, a total amount of 10,000 BTC was spent on pizza – the first, real-world transaction that involved the use of Bitcoins. A programmer from Jacksonville, Florida, Laszlo Hanyecz, proposed to pay 10,000 Bitcoins for a pizza on the Bitcoin Forum. The exchange rate at the time was put at about US$25.
The cryptocurrency trading platform you sign up for will be where you spend a considerable amount of time each day, so look for one that suits your trading style and needs. Exchanges like Coinbase offer in-depth platforms, such as their Global Digital Asset Exchange (GDAX). It’s always worth setting up a demo account first to make sure the exchange has the technical tools and resources you need.
The clampdown in South Korea, a crucial source of global demand for cryptocurrency, came as policymakers around the world struggled to regulate an asset whose value has skyrocketed over the last year.
Leave your ego aside. The goal here is not to be right on your trades, but to make a profit. Do not waste resources (time and money) to try to prove that you should’ve been entering that trade. Remember, there is no trader who never loses, at least sometimes. The equation is simple – get the total profits to be higher than the total losses.
Getting it right. Day trading involves skill, knowledge for gains better than holding on. Over a longer period for 99% of the traders holding on gives far better results than day trading. This is true for ETH or BTC as well. You might make 5-10% over a week but you risk losing 40-50% while trying to day trade.