There are many reasons why the digital currencies are gaining popularity and momentum around the world. They have a finite supply that has been identified and source codes outline the exact number that can exist. Users of this currency benefit differently from users of traditional currency. For example, governments cannot intervene and banks cannot freeze your account. Since there is a limit on the amount, cryptocurrencies in that sense, are finite commodities, more like metals than a currency, and with time their value could go up.
My favorite trading book is Rule the Freakin’ Markets by Michael Parness… I don’t use any of his strategies but he really has the right attitude about trading and he grows a fairly small account into a huge account. His method involves trading a lot of blue chip stocks, earning plays and news type trades. All of that is good trading but you can expend a lot of time making very little if you don’t think in percentages.. That’s one of the biggest lessons for a new trader, or perhaps one of the reasons so many traders fail.. you have to find markets to trade where your swings are in big percentages.. 30-50% swings or even more.. it leaves a lot of room for error and still end up in a good profit.. ill make an entire new post on this subject, and a video .. this is why cryptoland is so awesome, right now, the swings are huge..
Bitcoins have their own set of limitations that altcoins hope to solve. Some altcoins build new, useful features that Bitcoins do not offer. For example, Darkcoin is working toward creating a platform that will make the transactions completely anonymous. Whereas, some coins such as Mastercoin and CounterParty use Bitcoin’s blockchain to fully secure their own ecosystems. Likewise, every one of the available altcoins takes its unique approach to refining the concept of digital currencies.
If you are in Europe and in a country which participates in SEPA (Single Euro Payments Area), you are charged next to nothing to withdraw funds (€0.15 with Coinbase) which is great. The same goes for all sites which support SEPA. Kraken, for example, charges €0.09 for withdrawals.
Only invest what you can lose. During the recent crash in January 2018, hobby-investors got burned. Reports of frustration and losses came at the cost of broken monitors, smashed laptops, and heavy monetary losses. While the rules are in more particular order of importance, it’s safe to assume this is the most important rule, the rule to rule the rules. As soon as your money is converted into cryptocurrency, consider it lost forever. There is absolutely no guarantee you can get it back. Losses don’t simply come from dips in the market; extraordinary factors such as hacks, bugs, and government regulation can mean you’ll never see any of your money again. If you are investing money you can’t afford to lose, you need to take a step back and re-evaluate your current financial situation, because what you’re about to do is an act of desperation. This includes: using credit cards, taking out mortgages, applying for loans, or selling everything and traveling the world (as glamorous as that sounds).
I have a feeling it will. I held my small amount and am waiting to see what happens this week. THere seems to be a good deal of stress THERE, but if things go even partially smooth, there should be some upside. IMO…(noob here….)
Fortunately, many exchanges have developed the ability to place limit orders and stop orders. This means that you can decide what you want to do, buy or sell, when a currency hits a certain price ahead of time and have your order ready to go. Limit orders give you a lot of flexibility to plan ahead and get some sleep, even if you expect movement in markets overnight. For example, you may purchase a currency at $20 toward the end of your trading day and then place a limit order to sell when it hits $21 if you expect it to rise overnight. Of course, if you’re worried about losing your investment, you could also place a limit order to sell at $19 if it dips. If either of those things happens, the trade will take place automatically, even while you are sleeping.
To give an example, in early June 2017, Bitcoin was trading at $2,983, before losing 30% of its value a month later in July—crashing to $1,992. Then it climbed up to $4,764 in September, posting an impressive 139% gain.
This counterparty risk and risk of loss from hackers is another reason why some investors don’t hold their Bitcoin on exchanges directly but transfer it to an independent wallet (which carries its own risks, as outlined above).
Price has come down sharply to the floor of the Cloud and has hit the Weekly S2 and the 50% fib of the recent upswing. There is also Hidden Bullish Divergence between current levels and the Feb 6 low, even though the current move hasn’t bottomed out just yet. The whole process of shifting trend on the daily timeframe takes time and I think that is what we are …
Bittrex has earned it’s place as the new contender to the throne of world’s largest crypto exchange. Years of hard work and some lucky circumstances (BTC-e shut-down, Poloniex exodus, Cryptsy) have compounded a steady inflow of new users. It is a great place to trade bitcoin and other cryptocurrencies. I’ll let you read the detail in my Bittrex review, which has some important facts and analysis.
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This article was originally posted on techcrunch.com by Romain Dillet on January 18th, 2018 Ledger raises another $75 million to become the leader in cryptocurrency hardware wallets Ledger just raised an impressive Series B round of $75 million (€61 million), led by Draper Esprit. The startup already raised a $7 million round last year. But the cryptocurrency […]
Bitcoin can be spent just like other fiat currencies. While some people keep them for future investments, others prefer using them in making international money transfers. The most important thing is that your portfolio is completely under your control; there is no interference from the government. Its use across borders and its flawless digital transfers as well as its censorship resistance make it invaluable.
“We believe that cryptocurrencies have the potential to fundamentally reorganize the way money works from the ground up, putting power previously held by financial institutions directly in the hands of the people,” Robinhood added in its announcement.
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.
What I wish you would understand is that the implications of Bitcoin are wide, varied and can be both wonderful and incredibly detrimental to the cost of your freedom (whether you care about it or not).
You get the tight market spread and low trading commissions, while the broker benefits as your traded volume and profits grow. All popular Forex trading styles including scalping, hedging and all types of expert advisors are allowed. Available leverage is 1:3.
With just a few dollars worth of Bitcoin you can start trading cryptocurrencies right now. There are no broker fees, there are no middlemen to deal with, nor really any barriers to entry or red tape. All you need is some percentage of a single Bitcoin. There is no reason not to try it out. If you can accept risking a few dollars, it’s a great way to get into cryptocurrency.
I can only see substantial growth for Wyckoff because we are still in the infancy of crypto and peoples thirst for knowledge. I’ve completed the course but I’m repeating all the lessons again (and again) until I’ve committed to memory the Wyckoff Method – AJG
All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing.