I don’t care much about Altcoin bull runs where the price dramatically increases 15-20% in a few hours. Those aren’t the patterns I am looking for when I trade. In fact, if i see a chart like this I almost always ignore it:
The proliferation of the virtual currency and the accompanying trading frenzy have raised eyebrows among regulators globally, though many central banks have refrained from supervising cryptocurrencies themselves.
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.
One big difference to Forex are the big spreads. A spread is the difference between ask and bid prices. The ask price is the highest price that someone wants for a given cryptocurrency, this is essentially the buying price. The bid price is the lowest price someone is willing to give you for a given cryptocurrency, this is basically the selling price.
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..
Bitcoin Cash (BCH) was created by the bitcoin hard fork on August 1, 2017, generated a new version of the blockchain with different rules. By switching from the main bitcoin blockchain to a new version, the software now has capacity for larger number of transactions.
With a Google Doc, all parties have access to the same document at the same time, and the most up-to-date version of that document is always visible and editable to all parties. This real-time shared Google Doc is just like a distributed blockchain ledger. The “real version” of the transaction is verified by analyzing all the available blocks on multiple computers and taking “the average”.
WhaleClub – WhaleClub serves over 15,000 traders every day. There are no fees when it comes to deposits, withdrawals, and trading on WhaleClub and the exchange doesn’t have any limits as well. However, they only accept cryptocurrency deposits and withdrawals so you need to own bitcoins before you can start trading on WhaleClub platform. WhaleClub does not charge any fees on trading, all of the costs are embedded into the bid/ask spreads, leveraged and margin trading fees. Whale Club is a bit specific exchange, as it only offers margin trading. Standard open book trading without leverage is not supported. The five different order types offer risk management solutions for day traders as well. Whale Club has one of the best user interfaces out there, it is both intuitive and fast at the same time.
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.
Manage risk wisely across your portfolio. For example, you should never invest more than small percentage of your portfolio in a non-liquid market (very high risk). To those trades we will assign greater tolerance – the stop and target levels will be chosen far from the buying level.
Trades may be cancelled or reversed in the event the broker finds fault in its systems (price, etc.) or if it finds a client violates their particular account agreement with the said broker (agreements vary).
Created by Charlie Lee, a former Google engineer, Litecoin is an open-source payment network that operates on a global scale. It is not controlled by any centralized power, and it uses the “scrypt” as proof-of-work. It is similar to Bitcoin but has the advantage of offering a faster rate of generation and therefore faster transactions. This is one of the main reasons why its enthusiasts continue to invest or hold onto the coin even after finding out that its founder sold his stack.
Day trading cryptocurrency has boomed in recent months. High volatility and trading volume in cryptocurrencies suit day trading very well. Here we provide some trading tips for day trading cryptocurrency, including information on strategy, software and trading bots – as well as specific things new traders need to know, such as taxes or rules in certain markets.
Even though a lot of investors tend to compare IPOs with ICOs, the truth is that they have a lot of differences. When compared an IPO, an ICO will rarely grant its investors any ownership of the business that is trying to develop, whether it is a cryptocurrency or a crypto project.
Big fan of Bittrex but currently only taking corporate accounts, so you would already need an account. Other than that, worth looking at poloniex, kraken (but may not have enough coins for you) and coinexchange
Another thing that the blockchain can be used for is truly decentralized market systems which can use peer-to-peer payments without a middleman. One of the early examples of such a market is OpenBazaar. It is a completely free marketplace where you can Buy or Sell items without any fees or restrictions. The payment system is peer-to-peer and a blockchain is in use to verify all transactions. Simply download the software and look for items you wish to buy or post items you wish to sell; the rest is history as they say.
One by one, the exchanges are closing the doors to new Registrations under the pressure of excessive demand. Bittrex, Cryptopia, CEX are closed to new registrations. It is still possible to open accounts at Binance, Bitmex, Bitfinex, CoinExchange, COSS, HitBTC, Altcoin.