Really enjoyed watching the video especially as a newbie wanting to get involved in trading, looking for to watching more of your videos, ps it’s awesome to find someone that’s happy to share their knowledge without a hidden agenda, thanks 🙂
First of all, the information is not even close to evenly distributed. We’re all playing with partial information and a fog of war. Even worse, we all have varying degrees of ability to process that information. Meaning all of us are kind of stupid. If you’re not that bright, it doesn’t matter how much info you have, you won’t be able to do shit with it. Go directly to Dunning-Kruger and do not pass go.
Coinbase and Robinhood were founded around the same time about five years ago and are part of a small crowd of fintech startups with valuations exceeding $1 billion. Coinbase, one of the world’s largest cryptocurrency exchanges, makes money by charging the buyer and seller a fee. It’s easy to see why Robinhood wants in on the action. While Robinhood added more than 300,000 accounts in November and now has more than 3 million users, Coinbase has grown more rapidly, to more than 13 million as of late last year.
Etherdelta is a recent addition to my list. You absolutely have to check this decentralized exchange (DeX) out. Created by developer Zack Coburn in 2016, Etherdelta has become the community’s favorite place to trade Ethereum ICO tokens without using custodial accounts or centralized services. More than 325 ERC20 tokens are listed. Daily trading volumes are respectable for the most popular ICO coins. Using this DeX requires the Metamask Chrome browser extension. The best part is that your money is always under your control. Such infallibility comes from the storing of all personal funds in smart contracts – over which only you have control of the private keys.
This does not mean that you have to run now as the price recovered and then some. It just means that you have to be aware of the market like any day trading requires. This is not like buying Bitcoin forgetting about it and then just cash in and buy a car. You have to educate yourself, find the right broker and watch the markets and news for developments.
Can someone who is an experience trader, who got their experience and made overall profit day-trading stocks and commodities and is now day-trading cryptocurrency, give me their opinion how profitable this is? How closely do candlestick patterns of cryptocurrency conform with known patters applicable to stocks and commodities? How much more profitable is it than trading stocks and commodities if its profitable at all?
Bitcoin is great and I’m definitely going to be making use for it in the near future, however, trading it back-n-forth is something I’m not interested in. The whole idea of Bitcoin is to get away from this fraudulent system presently controlled by the banksters. The banksters, and their never-ending bailouts and market manipulation, has destroyed any confidence of an ordinary investor smart enough to stay away from them. The entire global financial financial system, starting with Wall Street/City of London should be reorganized in bankruptcy court and every bankster responsible for architecture of QE TARP ZIRP 0% unlimited bailouts should be prosecuted to the fullest extent of the law and incarcerated.
Since cryptocurrency is such a hot opportunity at the moment and blockchain opens many doors particularly for large corporations (including the insurance industry), many companies are making moves toward blockchain or even creating their own cryptocurrencies.
Bitcoin continues to test our major support, remain bullish for another bounce while keeping a tight stop loss. Buy above 9381. Stop loss at 8897. Take profit at 10728. Reason for the trading strategy (fundamentally): The big news event on the horizon is the US Congress set to hold a hearing next week on cryptocurrencies and initial coin offerings (ICOs). The …
The other upside to such a trend is that while centralized exchanges are relatively easy to use, they also act as a kind of dark pool in that you never really know who the counterpart to your trade is and whether or not someone is front-running your order or manipulating prices. A downside is that the burden of security gets put back onto the customer, and for sure hackers will start chasing individual wallets to get at the loot.
Hey Sirus, at the moment no I don’t but I am soon going to be partnering with some close friends who have had excellent success with crypto also and we’ll be expanding the info we have available for you guys.
What goes around, comes around :-). Luc is one of the selfless people that likes to share, thank God for people like him. And regarding sums: people, do not disclose how much you have or are making, as that will make you a target. Just enjoy Cryptoland, make some money for yourselves and your familes and try to have fun along the way. Peace.
I, for one, found this article fascinating. While I agree with some of the commenters words of warning, I also realize this is a new market and the chance to make money in new markets before the unwashed masses pile in is something an adventurous man embraces. Like the Taipans of yesteryear, we’ll learn along the way and develop some mastery.
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 […]
There is lots of value created by ‘pump- & dumpers’ so watch out! Always set a goal, which you want to achieve, e.g. 2% or 35 USD per day. If you don’t check you exchanges daily, then the best thing you could probably do is add a limit order. A limit order is executed, when a specific price is reached. For example, if you buy Ether for 0.05 BTC. You can make a limit sell order for 0.075 BTC. This means that you will automatically sell your Ether when the value is higher than 0.075 BTC. This assures, that you don’t miss any big price movements- it can always fall back to 0.05 before you can see the profit opportunity.
Absolutely no! C.A.T. is a personally compiled jar (Java8) file. So all you need is to install java 8 SDK on your desktop, laptop or VPS and run cat.jar. You can even run C.A.T. on with default config to have profits.
This is a complex beast, but it comes down to the basic laws of supply and demand. It is a statistical approach that uses price, volume, and the assumption that everything moves in trends. It takes years of experience and the ability to deal with complex statistical patterns and economic trends, so this method is the least user-friendly for rookies.
Growth (Price & MCap): Ethereum has outstanding growth in its short life, but it was only created in August 2015 so it lacks the 8-year track record of Bitcoin. This is significant. Ethereum’s explosive performance in 2017 could indeed fit into the time-frame of a bubble.
In 2009 Satoshi Nakamoto had found a way to build a decentralized coin and cash system without a central unit. From this Bitcoin was introduced to the world as the first digital currency of its kind. The “blockchain” is the master ledger that records and stores all the transactions and mining activity, trades, and purchases. At the same time, it requires validation of ownership. Technically a transaction is not finalized until it is added to the blockchain which usually takes a few minutes and is irreversible. During the time between transactions, the units are not available for usage by either side, which prevents double spending, fraud, and duplication. 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. The “Miners” act as the “record keepers” for the cryptocurrency communities. Through technical methods they create new coins and verify the blockchains.
Day trading takes time, patience and dedication. When I was day trading stocks in 2012/2013, it consumed a lot of my time. When day trading you are looking for a point to enter a trade and a point to exit a trade. The goal is to use the information you have alongside the charts to find an opportunity to make a profit. You may hold a trade for a matter of minutes, hours or days. Rarely though are you long term investing. Your investment timescale is usually based on the signals the charts are giving you.
The problem is for every winner there is a loser. And the biggest winners are the ones who know what’s happening on the inside – they are the ones who can get the coin the cheapest which is kinda like house odds.
Day trading cryptocurrencies greatly differ from a typical long-term investing. And one can not approach it the same. Traders who focus on day trading can earn significantly more since their profits are locked in daily. That means gains are made on prior gains (in addition to a first investment). So theoretically speaking a trading account can balloon tremendously. As a day trader, a big initial investment is not required from you in order to make a good profit. In case of a long-term investing you, however, need to put aside some serious money to make at least something from your investment. Many investors also like the idea to get into a get out and at the end of the day not owning any cryptocurrency they have traded, just a good old fiat currency like dollars or euros. Owing to many traders rather choose to day trade cryptocurrencies. That being said, the risks associated with day trading are rather high, to minimize them we have created the following guide.