“Blockchain solves the problem of manipulation. In the West, people trust Google, Facebook, and their banks. But around the rest of the world, people don’t trust their corporations as much. Blockchain opportunities are the highest in the countries that haven’t reached that level [of trust] yet.”
It is possible that you are relatively new to the cryptocurrency world and therefore know little, or nothing, about Bitcoin. Bitcoin is the pioneer cryptocurrency launched in 2009 by a software developer called Satoshi Nakamoto.
There are fees involved with trading; fees decrease as trading increases. Other exchanges have better rates (like GDAX for example). In other words, you’ll pay a little bit more than market price (or sell for a bit less than market price) and pay a small fee when trading on Coinbase (this is the trade-off for ease of use).
Crypto currency day trading is offered by Forex/CFDs brokers as well as on some crypto currency exchanges, such as Binance. You should be careful when selecting a broker to open an account with since there are many scam brokerages out there.
Well are there even tax laws that are in effect now in crypto trading? In exchanges perhaps but for traders i don’t think so. Unless people would be willing to disclose their information when registering on an exchange, pretty much how south korea is planning to regulate crypto.
I feel like this one is the most important. Besides Bitcoin itself, I look primarily at the technology or business behind the coin I am considering investing in. Take NEO or Ethereum for example. Both of these many people think to simply be just coins. However, what they really are are byproducts of the platforms that they power. The NEO and Ethereum networks are actually very comparable, offering entire platforms upon which to build decentralized applications. They are in tern, creating a currency upon which their microcosmic economy runs.
Volumes indicate the liquidity of an asset. The greater the liquidity the easier it is to buy and sell, even when there is turmoil, and the lower the Bid-Offer spread and therefore the cost of trading. You want to avoid assets with tiny liquidity as when the shit hits the fan it will be costly to exit. Bitcoin has world-class liquidity. I run a crypoasset analysis site named Blocklink.info. Here is a screen-grab of the most liquid assets in the world.
You will never do better than that, even if you manage it for a number of years. Eventually you’ll revert to the mean. That’s statistics baby. And math is God. It runs things around here and everywhere else.
According to legend, Satoshi Nakamoto started to work on the Bitcoin concept in 2007. While record shows that he was living in Japan, it is speculated that Nakamoto may not, after all, be a single individual but a collective pseudonym for more than one person. On 15 August 2008, Neal Kin, Vladimir Oksman, and Charles Bry filed an application for an encryption patent application.
HIGH RISK INVESTMENT WARNING: Leveraged trading in foreign currency contracts, contracts for difference or other off-exchange products carries a high level of risk and may not be suitable for everyone. Before trading, you are strongly advised to read and ensure that you understand the relevant risk disclosures and warnings here: Risk Disclosure Statement. There is a substantial risk that you may lose all of your initial investment. We advise you to consider whether trading leveraged products is appropriate for you in light of your own personal circumstances. We recommend that you seek independent financial advice and ensure that you fully understand all risks involved before trading. Trading through an online platform carries additional risks. Refer to our Regulation section here.
Due to the popularity of our post about the Ethereum Classic hard fork, we receive email requests on how to claim the hard forked Callisto ($CLO) coins, which you are eligible to get if you hold Ethereum Classic ($ETC) by block 5500000. So here is a summary of all you need to know to get your Callistos.
I gradually traded my way up to 5.5 Bitcoin (worth over $5000 at the time) in less than a month or two. This isn’t to suggest that trading is something that’s easy or effortless. Losing money is an inevitable part of trading and investing, but can certainly minimize risk and loses with the right strategies. The reality is that if trading were an easy, risk free way to make money, everyone would be a trader. However, if you’re a strategically minded person, patient, and able to research and analyze market trends, you’ll enjoy trading cryptocurrency.
“We believe now is a great time to offer an institutional-focused lending service because it will increase general liquidity in the marketplace, encourage new financial institutions to participate in a two-sided market and increase the working capital that companies use to scale their digital currency-centric businesses,” Genesis Capital said in a press release.
Just like trading stocks, there are many strategies that people live by. Many are great, many are.. um.. interesting. However, there are three basic principles that I follow when investing in a cryptocurrency.
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.
Q1 2018 Early bird registration & engagement with crypto communities Early engagement allows to better assess the community needs and plan a successful integration of tokens/coins into our platform.
Categorize your investments and look at the long picture. In the process of your research, you’ll eventually realize you’re coming across a few different categories of coins. For some of them, you believe they have good teams, great vision, amazing publicity and a track record for successful execution. Great! Put these into medium or long-term holds and let them marinate into a delicious tenderloin. When the price dips, don’t even consider panic selling because anything in your medium or long-term portfolio should remain untouched for a set amount of time. BNB is a good example of a coin Miles considers a long hold. Recently, it dipped 20% for a while, and within our community, we witnessed some sell-offs to preserve investments. A week later, it jumped up almost 3x for a period of time.
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.