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.
Only invest what you can afford to lose. Some people think this advice is in regards to simply caring about your financial future and if you are ok with risks then you can ignore it. That is NOT the case. This advice actually exists to reflect the decision making model that is required for successful day trading. In day trading you don’t have the opportunity to hesitate and you do have to take occasional gambles, if your dealing with money that you can’t afford to lose then no matter how hard you try, your decision making will be effected and you will not be risk adverse enough.
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Setting goals and placing sell orders: always set your goals by putting sell orders. You don’t know when a whale will pump your coin up to catch your command (and pay a reduced fee on the “maker” side, remember?).
I simply want to arm you with this information so that you do not miss out on the financial revolution. The chance to build a cyptocurrency portfolio that makes you good money is now, by the end of 2018 it will be too late to join the race and still make insane profits.
The next bull run seems to be around the corner and there are odds that we can see it starting by mid of March. We did some research on how we will design our portfolio for this scenario and how we would spread our funds for it. This is more our long-term investment to exploit this upcoming bull run of Bitcoin. As we have seen many good coins tanking hefty within the last weeks, we stay very conservative in this approach. There are many undervalued coins and tokens out there, but look at the amount of ICOs popping up, look at the number of new projects hitting the markets – the total market cap increase is not in relation to the new coins and tokens, we can’t see enough money around to see the majority increase significantly. Actually, we expect a huge wipeout of several altcoins within the next months, so we stay on the safe road with the selected projects we invest in. We also filtered out projects where the price has been artificially pumped short-term with spread fake-news about never partnerships. This might be cool for some quick pump-and-dump-bucks, but we suspect it the legitimacy of the project in the long-term. Let’s go shopping!
If you have never traded markets like Forex, Futures or Commodities on longer time frames, daytrading Cryptocurrencies will be a lesson in self discipline and one which may render your sanity seriously shredded. It is generally thought that one should spend time on Daily or longer and H8 minimum for trading to begin with to get a handle on trends and recognising the behaviour of the markets before venturing into the intraday mode which really requires a good skill level along with market knowledge.
Learn more: Cryptocurrency Trading Signals Services There seems to be a lot of talk in the world of cryptocurrency when it comes to investment. There are many individuals who choose to get their information from blogs and social media, but there are some sources that can be better than others without a doubt. This article is […]
As you can see, yesterday we crossed the neckline of H&S, today we crossed Double Top’s neckline. Anything under 9k will bring it to the hell – at least to 7.6k and if the Double top will be executed in full power 6k-6.5k or lower). If you think that it will bounce before 20RSI on daily – you are extremely optimistic. GL, boys!
Compared to bitcoin trader, alt coin trader might be having more chances to get at least one trade for every day, but when we are having more options we will be misleading to wrong trades other than that concentrating on technical analysis with many options will be difficult for any trader.
We are in a growing market; we could be in a growing market for years. There is no need to day trade. There are amazing returns available from finding a good coin with a solid trajectory, finding a good entry point and holding for the medium to long term until you are in profit. You are then able to liquidate some of your positions and find new entry points.
Few days after something happened, I stared to make trade by my self and I make some money on my account I was really happy for that it is went to change my life but at the next day bad news again, I received an email from my account manager that my trade was a mistake because the company was hacked and I never received a call for the company just emails traying to explain something that I don’t understand I’m waiting yet this call.
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.
For those just getting into the hobby of buying and investing in cryptocurrency, I hands down recommend Coinbase. Sign up for Coinbase here. If you sign up through my link, we’ll both get $10 worth of Bitcoin for free.
While Bitcoin and Ethereum are relatively safe commitments for new traders, the risks when dealing with less-known coins can be significant. While some coins are undervalued, some are simply pump-and-dump (or even Ponzi) schemes that rely on speculation and hype to artificially boost their prices.
There are alternatives out there though. A friend of mine who is well connected in the crypto space, Derrick, has teamed up with the legendary Diggy Dirk and created a platform for newbie cryptocurrency traders and enthusiasts – Keys To Freedom.
At this stage of the project, you can purchase our ARCT token with a 45% discount at a price of 1 ETH = 125,000 ARCT, which will allow you to get much more from participation. (ICO 1 ETH = 75,000 ARCT, Release 1 ETH = 50000 ARCT).