Well I really dont want to post numbers, but lets just say, im not trying to help others to get any financial gain from anyone. I make plenty trading.. And I trade mostly stocks.. But the crypto world is full of opportunity right now, and it would be sad to miss out.
1st thing, you should always expect that something could go wrong with a trade and therefor you always size your entry so that it wouldn’t hurt you too bad. Buy no more than 25% of your account in one position. That being said, if you learn to read charts, you will almost never have a bad trade, therefore on the rare occasion when it does turn the wrong way, you wont mind just taking the small loss and jumping into the next trade without hiccup. But yeah I will cover these topics in some videos, I’m writing a note right now, thanks for your topic suggestions. And Thank you very much for the vote!!
The father of Bitcoin was able to not only code an exceptionally well built system, but also found clever ways to ensure his work was validated and not misunderstood for some sort of a scheme by others. For example, Nakamoto left a message inside this first manually altered code. When the first block of Bitcoin was mined, it read ‘The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.’ This quote is the headline for The Times newspaper which was published on January 3rd, 2009. The clever use of this simple message is overlooked by many, and it dictates that the first block was mined no earlier than January 3rd, 2009. This is extremely important because the whole Bitcoin system is designed to run and validate itself from the previously mined blocks, so giving a valid timestamp which can be authenticated by a simple headline title to the first block was genius. Afterwards, all blocks used the previous block for reference.
Update: In late 2017 Kraken was temporarily unlisted here following extensive trading engine and UI issues. Thankfully, in 2018 the website underwent a successful migration and all systems are now reported to be functioning to everyone’s satisfaction.
Open an account in BTC. Of course, it’s easiest to trade in dollars, however, opening an account in BTC for Forex can raise your profit enormously. Moreover, some brokers allow trading with ordinary currency pairs when opening an account in BTC;
You see I have a bit of an unfair advantage. I have been trading penny stocks for over 10 years. Have you ever heard anyone say that trading is risky and you will likely lose all your money? And Penny stocks are even more dangerous, and mainly all scams? Well, its true that penny stock are often very scammy and there are alot of pump and dumps, and reverse splits and shady company activities. But I have been trading penny stocks successfully for over ten years, and I actually love trading them. I look forward to hitting the markets every day. I often dread the weekends because the market is closed and I no longer have my own personal money making video game 🙁
They need to be more save then regular currencies and remain this for a longer period of time. When Ethereum, was hacked which made a damage of around 50 million dollars. It hurt then entire Cryptocurrency world.
I’d imagine trading altcoins is no different from any other types of trading, namely you still need a plan and you need to be disciplined enough to follow it through. But my question is how do you go about creating a trading plan for altcoins? How do you know the plan and strategy you devised really works and is profitable long-term?
Being 22 years old in New York City is a financial struggle. I didn’t have enough money to pay rent, and the value of my Bitcoin had dipped to $550. I sold it all and ditched my plans for a mining rig. My financial situation needed to be stabilized before I could invest in assets based on my philosophical beliefs.
If you are able to stay one step ahead of the beat, this can be a very effective means of momentum analysis. This is helpful even for a more long-term strategy: imagine uncovering early information on an upcoming partnership. Discovering news before the majority of investors will help you get in (or out) of a coin much faster, giving you the upper hand.
Not all traders make gains from trading, since this is a zero-sum game (for everyone who benefits someone else loses on the other side).The Altcoins market is driven by large whales (yes, the same ones responsible for placing huge blocks of hundreds of Bitcoins on the order book). The whales are just waiting patiently for innocent little fish like us to make mistakes. Even if you aspire to trade on a daily basis, sometimes it is better not to earn and do nothing, instead of jumping into the rushing water and exposing your coins to losses. From my experience, there are days where you only keep your profits by not trading at all.
This is the simplest trade to perform: immediately buying or selling your coin at the market price, plus extra fees. This can be bad news in a volatile market, as you might buy/sell at a lower or higher price than your anticipated level as the markets change.
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You have made a good trade, but as always, the moment you sold your coin runs up again! First, meet this guy – Murphy’s Law. Secondly, read over what was written previously here and never enter position again under pressure. As long as there is profit – you are ok. Go on to your next trade and don’t find yourself losing it.
Bitcoin and popular altcoins can be found on TradingView, through the free, real-time data of 25 exchanges. Cryptocurrencies are somewhat similar to precious metals, in that their creation is controlled and most have a cap on the amount of units, just like precious metals, which have limited minable amounts. One of our most popular chats is the Cryptocurrencies chat where traders talk in real-time about where the Cryptocurrency market is going.
Update: I’ve unlisted Bittrex from the ranking while new account registrations remain closed. I’ll be re-listing the exchange once new sign-ups are allowed. Currently only corporate accounts are being accepted, which is not ideal for a cryptocurrency exchange.
Consider the situation now. What will be the source of your special insight into crypto prices and trends? The web is now ubiquitous and there seem to be no particularly arcane sources of info. (One exception though: listen to fresh cryptocurrency podcasts and immediately buy anything that’s mentioned (not investment advice, just a theoretical proposal). Another exception: actually understand the technology, and judge what is sound rather than hyped.).
While this may have been true two years ago, the space has changed considerably since then. More robust altcoins have popped up in the past year such as Ethereum that have a significant market cap. You can use tools like https://www.coinigy.com to aid your cryptocurrency trading. I would strongly advise against taking rules #2 and #3 literally.
Litecoin is similar to Bitcoin in many of its characteristics, and is also one of the more veteran cryptocurrencies out there. However, there are two main differences between Litecoin and Bitcoin; Speed and amount. While it takes 10 minutes to create a Bitcoin block, Litecoin demands roughly 2.5 minutes to create a block – meaning 4 times the speed. Moreover, Litecoin attracts many users as it can produce 4 times the quantity of Bitcoin! However, as Litecoin uses highly complex cryptography, often mining it is more complicated than other cryptocurrencies.
The internet is buzzing about this new public coin offering and even the Israeli Government is stepping in and will be helping the industry with credit guarantees. Read all about this fascinating coin offering in the following articles or scroll down to learn about our opinion on this ICO: [leaprate.com] Israel Diamond Exchange and Carats.IO to […]
That’s very true. I think in some countries, if you don’t switch back to fiat then it’s not a taxable event, unless I understand that wrong. I hope not anyway because I haven’t been paying attention at all and just look at the first and last number and how much I profited hahaha!
Looking for a reputable place to buy? Try Coinbase, the regular McDonald’s of crypto exchanges. Other noteworthy exchanges include Shapeshift, CEX or Changelly. We won’t go into too much detail here; hopefully if you’re considering day trading, you are these past baby steps.
It is not possible to make profit everyday no matter how professional or experience you are, experience only help your decision making, another thing people need to realize is that it is very difficult to make money in a bear market for most traders so you need to be very discipline to do so especially now that the prices of Altcoins have dropped significant since Bitcoin rally began.
This new venture won’t be easy for Robinhood. Even the biggest exchanges are suffering from slow trading and other issues as demand has skyrocketed. Complaints about Coinbase, for instance, have surged recently. Coinbase didn’t immediately respond to requests for comment but said earlier this week that it added a former Twitter Inc. executive to its ranks to lead customer service and vowed to substantially increase its support staff. Robinhood says it has also added to that department recently.
Since Bitcoin’s official release in January 2009, cryptocoins have transformed the financial industry. Many have heard about popular cryptocurrencies such as Ethereum or Bitcoin or Ripple, but few know how they work, where they come from or what is needed to get started in the crypto space. So this is your guide to understanding cryptocurrencies and how they are reinventing the financial landscape of tomorrow.
Bitso is a Mexican cryptocurrency exchange founded in 2014. It allows users to exchange Bitcoin and Ether for Mexican Pesos. Users can deposit and withdraw MXN through the Ripple Gateway among others. Bitso is committed to developing efficient financial services in Mexico.
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.
Note: There are many cryptocurrency exchanges out there however the big boys – Bitfinex, Bittrex and Poloniex – are no longer accepting new users due to extraordinary demand. Binance is the best trading exchange that still takes on new users.
Trend trading is conducted through extensive technical analysis which includes the analysis of both chart patterns and technical indicators. When a trend is indicated, a trader is better able to forecast where the price is likely to move, and by how much it might move. However, determining trends through technical analysis is not the single indicator for future price movements. Things like risk management and trading psychology must be taken into consideration as well.
I day trade and swing trade crytpo on Binance.com, http://Bittrex.com and the dreaded EtherDelta.com. It is very risky but profitable if you time it right. I write info on various coins and ICOs on Cryptocurrency Trading – Day and Swing Trading – Bitcoin, Ethereum News
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.
Placing the stop loss below the breakout candle is a smart way to trade. We’ve written more about the reasons for hiding your SL above/below the breakout candle in our most recent article here: Breakout Trading Strategy Used by Professional Traders.
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