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.
Yes you can short btc but the volatility is intense and you get margin called easily. Also, bitcoin is heavily manipulated. Not as much as Altcoins in general but if you look closely you can see it. (25% pump right before Gov auctions off seized coins from Silkroad, hmmm)
At this point I still owned Ethereum and the price was still swinging back and forth. Since I needed an income and didn’t want to get a job, it was time to try this trading idea. But I set a strict requirement that if I didn’t earn enough money to pay my rent after a month, I’d quit trading.
It’s important to learn, but for now, If you’re just interested in trading and investing, having a basic common-sense understanding of business, consumer demand, and economics is enough to give you an edge over other traders (at the moment). Most of the current batch of traders are early cryptocurrency adopters, cryptocurrency “miners,” programmers, and basically people that are more tech savvy than business/market savvy.
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;
Have you heard about ICOs? Don’t worry if you haven’t. ICOs simply stand for Initial Coins Offer. It is the latest craze in the crypto world and it is enriching a lot of investors. They are more viable and trusted than those too-good-to-be-real HYIPs (High Yield Investment Programs) that promise you heaven on earth and eventually disappear with your money.
Just remember that while some patterns can guide you in the right directions, others can “lie” to you. Therefore, while charts and analyses can inform you, you will need to use other cryptocurrency tricks and techniques to guide you as well. Keep in mind that you’re making an educated guess. Even the best charts can’t tell you the guaranteed future.
Luckily, we have this wonderful and somewhat magical concept known as Contracts For Differences. All CFDs represent a contract between the trader and the exchange that is accepting or proposing the contract. It dictates that the difference between entry price and the exit price of each trade is in turn equal to the profit that the trader will make. Essentially, it’s both parties agreeing to simulate the use of actual assets. This allows the trader to use an exchange of choice for Bitcoin trading without actually owning any Bitcoin. CFDs offer flexibility, no matter if you are interested in going long or short term. The best part is that they can be entered into the exchange at any time on any day and be closed whenever you wish.
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.
BTC can be traded 7 days a week and 24 hours a day. There are no official exchanges that are tied to time or have a weekend or public holidays. There is also no official course and official price. All this creates just perfect conditions for arbitrage;
Why was it important to clear this up? Because I’m earning Bitcoin but my rent is paid in USD! I need to sell BTC for USD to pay my bills. Several things were on my mind the first time I had to do this.
Unfortunately for those suckers, I made a killing (and still am making a killing) by betting against everything they were saying. When you tell the truth and stand up for something, most people won’t like it. The only real way to deal with suckers is to take their money on the way down.
Since my warnings and predictions are crystallizing faster than expected, I’m here to give you a final warning and the workings of fraud and manipulation + intrinsic value of crypto. First of all, you might want to look at the warnings I gave at 24 february 2018, before binance hack came out + also warning to sell of your before it happened + another one in …
Bitcoin sank on Monday after website CoinMarketCap removed prices from South Korean exchanges, because coins were trading at a premium of about 30 percent in Asia’s fourth-largest economy. That created confusion and triggered a broad selloff among investors.
You want to be on the opposite side of this equation. This comes from doing research, following news feeds, trying to predict when some sort of information is going to be publicized, and the value is going to be inflated. You’ll want to buy before this increase, usually during a dip or correction. You then in tern should only sell when the value is higher then when you purchased. And that, my babies, is called a profit.
Of course, it is up to you, if you do decide to attempt day trading then be careful, test out with a small amount of your portfolio and avoid emotional stress. For me, you risk entering the world and mindset of a gambler. Just see if your day trading is outperforming your hold trading.
Hello, This chart is only valid once the condition indicated is met. Which is breaking below 9200$ as indicated in the chart. We have three possibilities one of which will work out (again once the condition is met) The first possibility is finding support on the March 2017 uptrend line which is also the end of the cloud as well as a fib level. The second …
Are you one of those endlessly scanning the internet for possible places to invest your money and make huge profits? Please, stop the search! There’s no need to keep bothering yourself because I have good news for you. I have found a place whereyou could invest and potentially become a millionaire within a short period.
Ethereum hit the scene with the promise of using the blockchain for more than just currencies. You could build decentralized apps on top of Ethereum and even new currencies. In the summer of 2016 I decided to buy ETH at around $9. The day after I purchased Ethereum something called the DAO hack happened and the price dropped 50%. Unlike in 2011, I didn’t need the money I invested to cover any bills. I watched my Ethereum swing between $4 and $20 for about 8 months. I wondered if I could take advantage of those swings by buying when the price was low, selling when it was high, and buying back in when the price dipped again. Though I didn’t take any action on the thought, the idea lingered in my head.
Units of the new cryptocurrency are then created. When a transaction is made the units are carefully formed and preserved through algorithmic encryption, then linked together in enormous chains of data (term is blockchains) , where the currency can be tracked and exchanged.
Technical Analysis (aka studying the chart patterns) works pretty damn well in crypto trading. My gut tells me it’s because most of the folks trading cryptos are geeks and we’re prone to liking TA because it makes sense to the engineer brain. That makes them a self-fulfilling prophesy. It also works because there’s lots of machine trading going on. You’ll be trading against bots regularly on the exchanges and they have no choice but to make decisions based on moving averages, pull backs, breakouts and all the other things that TA aficionados love.
Binance is a cryptocurrency exchange with a focus on the Chinese market and other Chinese coins. Currently, it supports English and Chinese users. The Binance token (BNB) was created during the ICO event to fund the development of the Binance exchange.
First descriptions of a functional Cryptocurrency appeared around 1998, and were written by a person named Wei Dai. They described an anonymous digital currency titled “b-money.” Not long after, another developer by the name of Nick Szabo created what they call “Bit Gold,” the first cryptocurrency that used a proof of work function to validate and authenticate each transaction. All following currencies would use this proof of work concept in their code.
My general rule in buying Bitcoin on leverage is to buy the dip: you want to see red candles after a period of green candles on the charts. I like to buy at 10x leverage to start with. If the position trades into a nice profit I slide the leverage slider up to 50x or 100x. This has the effect of moving your Liquidation Price up and therefore securing profit.
Many investors now recognize cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) as asset classes. Therefore, knowing the three ways to trade this cryptocurrency can be useful for Bitcoin investors (and can be applicable to other cryptocurrencies).
Have Fun. Don’t just make your investment and sit and stare at charts all day. Connect with your fellow investors and share your thoughts and experiences. Put some passion and fun into your digital currency experience, and everyone wins. Life’s way too short to just sit back and fret; make your investment an enriching and enjoyable part of yours.
Let’s get this straight: day trading is a full-time job. You’re not going to be popping onto your laptop every few hours in between martinis by the pool; this is an occupation that requires constant attention. Stress will be a reality and unless you pay constant attention to price movements, you risk losing your money.
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Hello my lovely Crypto-Family! The 24 hour-ban from yesterday has just made D4rkEnergY even more thirsty after spreading love and wisdom to you guys! So not the greatest days in trading, D4 sighs. Once again Bitcoin has come home drunk and has smashed half the furniture and beaten up poor ETH and all the little coins. One of the top altcoins is not having it …
Bittrex is currently closed to new user while they upgrade their systems. In the interim, you can buy coins from Changelly with Credit/Debit or Bitcoin. I’ll let everyone know when Bittrex is back up for new registration. Happy trading!
as far as bots are concerned: I wanna make my own trading decisions. I have tried automated trading with currency in the Forex market a few years back. I even hired s programmer to help me code a strategy, but it wasn’t making near what I could make on my own. So I dropped the project.
There are other exchanges out there that are specifically designed for high rollers, Cumberland mining will only accept clients who are looking to invest over $100,000. However for those in the middle I would recommend you check out CryptoGo.
BitBay is the biggest BTC, LTC, ETH and LSK exchange in Poland. They provide a safe platform to trade and exchange BTC to PLN and have multiple withdrawal and deposit methods. The more you trade on their platform the lower their fees are.
Once you’ve verified your identity and connected a payment method, you’re ready to buy cryptocurrency. Click over to the Buy/Sell page any amount of the coin of your choice. Note, for trading purposes I recommend BTC or ETH — as I’m not aware of any LTC markets.