CryptoGo is a 3rd party that will go through many different cryptocurrency exchanges and buy you the coin you wish – any coin available. Basically a bitcoin broker or crypto broker. It makes cryptocurrency purchases easy and convenient as they handle all deposits and transfers, two of the most confusing and difficult aspects of crypto trading for first-timers, on the trader’s behalf, ensuring that their money is well placed. A big plus is that you can exchange fiat currency for any virtual currency, an extremely rare option in the current exchange range. For a thorough look at this new platform, check out my in-depth analysis.
If you, like me, believe that bitcoin and the entire market capitalization of cryptocurrencies will increase in value over time, then the goal is to collect as many coins as possible, getting in at the right prices, and build a strong diversified portfolio of crypto assets that you can hold.
Well that’s true for professional traders, or say someone who is trading with large amount and expects a profit everyday it’s his job. But with casual traders, someone like me, they don’t usually set a goal or anything just trade with small amounts and hope you gain some profit at end of day.
Despite the strict crackdown on cryptocurrency trading and Blockchain-related platforms, former Chinese cryptocurrency exchanges like OKEX and Huobi have continued to thrive over the past several months, processing over $1 bln on a daily basis.
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
Buying into an ICO can be a valid way to make mouth-watering ROIs, some as high as 100,00% (or more). Here you’re buying the tokens of a brand spanking new coin before it is launched, so obviously you are getting a discounted rate. As long as you do your research on the ICO and project, you could see enormous spikes in value and huge returns on your investment.
They’re focused on small technological innovations that help build hype for a coin in the short term, without giving much thought about how the coin will exist outside of the exchanges and crypto community. This gives you a huge advantage.
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.
Don’t FOMO. This is a spot that people most frequently lose money on. A dash of manipulation, two tablespoons of media hype, a cup of CME and CBOE announcements, and a generous handful of FOMO drove Bitcoin prices from $10,000 to $20,000 in December. Since that time, Bitcoin fell to a low of $9,000 and is currently sitting at around $11,000. It’s easy to look back and say, “if only I waited one month, then I could’ve bought at $9,000 instead of waiting for Bitcoin to hit $20,000 again for me to break even.” But the reality is, the combination of 1) being greedy, 2) investing blindly, and 3) FOMO were likely large contributors to the purchase at an all-time-high. Even in the crazy world of cryptocurrency, if a coin pumps that quickly, it will correct — it’s a matter of time. Speculative pumps are almost always followed by dips. While trying to jump onto a train going full speed sounds like something straight out of a James Bond movie, I’m sure most of us can agree we would probably save some limbs if we just waited for it at the next stop.
Research shows that more than 80% of day traders fail in their first year. Almost all day traders suffer BIG losses when starting out, and few actually move on to start making profits. Why? Because they lack the education, experience, insight and have no risk management systems. You wouldn’t sit your grandma down at her first game of Texas Hold’em and expect her to clean up, would you?
Kraken works well through SEPA, has an easy verification process (expect 4-6 weeks vetting with current backlog) compared to Bitstamp, and is very knowledgeable when it come to cryptography and security. As of early 2017, this platform has been re-positioning themselves as a crypto exchange by adding multiple new altcoins. I’ve written an in-depth Kraken review with everything you need to know..
One of the very first automated bitcoin trading bots to ever be created goes by the name of BTC Robot. While it seems to do the job and is quite easy to set up, user’s mileage may heavily vary when using this tool. Some people seem to be making modest profits, whereas others seem to struggle to get it to work properly. There is a 60-day refund policy, which makes it a no-brainer to try out regardless.
It’s important to realise that you need to do your own research and come up with your own strategy for cryptocurrency trading. If you are short on time and want to play it safe; the easiest cause of action is to simply diversify into several different coins and then wait a year or more. However, if you want to maximise profits you should learn how to swing trade cryptocurrency. I strongly recommend swing trading over day trading – day trading is stressful, time consuming and only really profitable if you have a lot of money to play with. Swing trading involves trying to capture large movements in the market – for example, you might decide that you want to net a profit of 30% on Ethereum…
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.
CFD trading offers instrument with high leverage. Many brokers offer CFD (certificate for difference) trading with cryptocurrencies. Features like guarantee stop, loss protection, free training, bonuses and much more are presented.
The reason that the results of my informal survey are confounding is that the correct answer is “0.” I suppose we should be happy that 30 percent answered correctly, but the fact that 50 percent chose “1 BTC less fees” shows confusion about how centralized exchanges work. 1
Take Tron, which leapt some 90% in a day after its founder issued a vague tweet about upcoming partnerships. On the other hand, announcements of regulation, legitimacy, security breaches or technical issues can send prices plummeting to the ground.
Why is using blockchain and decentralizing a currency so important to its success? The answer to this question boils down to the ability to cut out the proverbial middle man responsible for verifying all transaction who in the real world charge the users for this action. What does this mean for the user? The transaction fees are set by the users. In theory, there doesn’t have to be a transaction fee at all to complete each transaction, but there is the matter of speed and how quickly you want your transaction to be added to the blockchain. If you need everything done now and want your transaction to be accelerated to the top of the list, then expect to pay a small amount for your transaction. The thing is, it doesn’t matter how much money you are sending in your transaction, low or high it is all equal to the roughly the same amount of data. Because of this, the fee will entirely be reflected only by how fast you want the transaction to be complete.
“Bitcoin did not just appear, it was not just ‘invented’ in 2009. Bitcoin is the brain child of a multi-decade research project involving many smart people across numerous public and private sectors.”
If you’re on Twitter, I also created a list of bitcoin influencers that you can subscribe to and read their content. I find this to be the most way of consuming information quickly before making trades.
There are crypto traders out there who sell subscriptions to their private groups where traders are given signals on buys and sells, and discuss their trades. I am a member of one, and while they provide a good insight I know, it isn’t for me. The same people are there all the time; I wonder if they even sleep, stressing about entry points, exit points, break even stop losses and so on. They high five on good trades and cry through the bad ones.