It’s very very easy to make mad money when the market is on an upswing, less so when cryptocurrency enters a bear market. Talented traders, and those with information, can make money on the way up and on the way down.
I day trade and swing trade crytpo on Binance.com, http://Bittrex.com and the dreaded EtherDelta.com. It is very risky but profitable if you time it right. I write info on various coins and ICOs on Cryptocurrency Trading – Day and Swing Trading – Bitcoin, Ethereum News
First off, i never knew about this site, i stumbled on your article while i was looking for articles on how to trade cryptos on the internet.I became curious when i saw the outpouring of positive comments so i decided to sign up and follow Luc.Unfortunately those videos are no longer available due security breaches.Gutted i must have come in so late.I would like to appeal to you for the sake of the people who have genuine interest in trading cryptos, can you post videos on how to read and interprete the charts.This is one area im inching to learn.I would be grateful if i can have video tutorials on this
You may also like to check the coin rankings & market capitalizations on coinkapp – which has a splendid comparisons list of the top cryptocurrencies. Alternatively, coinmarketcap offers a rather simplified list.
Hi, I’m searching for an alternative to the unacceptable high fees of Coinbase, more specifically for European users. I noticed that they are not only “stealing” money by charging high fees to everything, but they have also the worst change price on market from fiat to criptos. Of course: the app is good and also is the support service, but at what price! BTW, what about Robinhood? It is new on market and it is only available in the US, with Australia and China coming soon, but it seems really interesting! I noticed that you unlisted Ether Delta, it is due to the change of ownership and the new policies? In this case it could also be good to update the description. And finally: it could be possible to have an extended review of Binance? I’m using it right now and I’m happy with it, but I’d like to understand… Read more »
By a wide margin, the right strategy for most people is to just buy and hold. Get some well know cryptocurrencies like Bitcoin, Ethereum, Dash, or Litecoin, put them in cold storage, stick them in the sock drawer and forget about them. Don’t read the news. Don’t worry about the wild swings or the predictions of doom from the popular press. Just buy, hold and forget. In a year or two, dig them out and sell some of them and buy a little more with the proceeds. Wash, rinse and repeat until retirement.
Let’s look at Ethereum as an example. It is the second most popular cryptocoin, after Bitcoin. In 2014, when Ethereum launched its project, it sold its coin Ethers in Bitcoins or $0.40 when it was raising the sum of $18 million via an ICO.
The advantage of the Coinbase system, however, is that it is more simple, instant, and your order is guaranteed to fill, in exchange for a higher fee. On the GDAX market, the “maker” order is free, but you risk the order not getting filled and having to set a new price.
Compared to fiat currency, the volume of crypto traders is nothing, and this means how the coin is viewed can dramatically alter its value. Did you buy Bitcoin because it was plastered all over the media as the “future of finance”? Without even knowing it, you’ve just invested based on sentiment analysis.
Bitcoin mid term analysis. As I do think that we’ve finished our ABC correction (check the overview chart on TradingView for that too), I do think we’re currently going into a WXYXZ sideways corrective combination. Why do I think that? Well, that’s simple. We can’t go in to impulse waves straight from the ABC correction. The same way that you’ve seen Wyckoff …
Creating an exit strategy with a stop loss and profit target is safe, sensible, successful trading. It will minimize risk, help you identify if a trade is risky or profitable, as well as eliminate emotion from the equation (a trader’s worst enemy!).
“Enjoyed the course! Learned a lot about Charting techniques, still have a lot to learn! The course is well worth the price! It will more than pay for itself over time. Thanks for putting this course together, greatly appreciated!!!”
In addition, in its official blog post, Korbit also said on Jan. 19 that the existing fund deposit method will be terminated and replaced this month. It added that users “must have a Shinhan Bank account registered under your legal name.”
In addition, the official announcement also established an anti-money laundering guideline for cryptocurrency exchanges, which outlines situations where exchanges should stay alert to potential illegal activity.
Once the limit order is set, be patient. Give the price time to fluctuate—testing highs and lows—and see if your limit order catches a buyer (or seller). There is no hurry to cancel you limit orders, so resist the urge to rapidly change your limit order prices. Many experienced investors will set multiple limit orders at consecutively lower prices to take advantage of a big selloff or take some profits when the price tests a new high. Limit orders are your best friend, use them.
Yes, in hindsight (which is always a stupid way to evaluate it) you would make money. But you would’ve made WAY more money holding. Eth was somewhere around 90x returns just holding last year. You think you can compete with that by day trading? Especially after the constant transaction costs you’re incurring?
A big part of learning any new skill such as trading cryptocurrencies is having the ability to stay up to date with whats going on in the markets and the news surrounding the coins your trading! That is why the team at LearnCrypto.io broadcasts twice a day Monday-Friday on the Crypto News Youtube channel!
You ought to know that no trader wins 100% of the time. In fact, many successful traders win 60% of trades – this is an acceptable figure. To hold on to your wins and minimize your losses, you will need to put in place systems that guarantee this (see the Stop Losses and Take Profits section below).
In 2009 Satoshi Nakamoto had found a way to a decentralized coin and cash system without a central unit. From this Bitcoin was introduced to the world as the first digital currency of its kind. The “blockchain” is the master ledger that records and stores all the transactions and mining activity, trades, and purchases. At the same time, it requires validation of ownership. Technically a transaction is not finalized until it is added to the blockchain which usually takes a few minutes and is irreversible. During the time between transactions, the units are not available for usage by either side, which prevents double spending, fraud, and duplication. 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. The “Miners” act as the “record keepers” for the cryptocurrency communities. Through technical methods they create new coins and verify the blockchains.
The word “crypto” in the phrase “cryptocurrency” is used because every single transaction involving digital currencies is completely encrypted for security purposes; this process is known as cryptography. The use of cryptography, in this case, is done for following reasons:
Embrace volatility – Cryptocurrencies are famously volatile. The price of Bitcoin, for example, went from $3,000 down to $2,000 and then leapt up to nearly $5,000, all within three months in 2017. Whilst this means risk is high, it also means the potential for profit is great too. It’s always sensible to check the volatility of the exchange you decide to go with.
AUR has a 50% premine… the airdrop means the supply of coins in circulation will increase while the demand has largely diminished. No one knows for sure but I think it’s pretty safe to say that the airdrop will lead to further price collapse.