Do you know what I wonder about almost every day I trade cryptocurrencies on exchanges? I wonder how they can survive in a highly competitive niche without providing the even most essential tools a trader needs to act professionally in the markets. Why is there no stop-loss option, Bittrex? Where are some proper analytics for my portfolio, Binance? Even the shadiest FX broker knows about the need for such features, and they would not even start without. OK, crypto is still young, I get it. In the search for a tool to compensate those crucial features, I met 3commas.io –…
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There are a number of ways to profit from cryptocurrency, but day trading is most likely the fastest. Day trading involving speculating on the price of currencies, and then buying and selling them within the course of a day to make a profit.
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.
Tidex is a new bitcoin and altcoin exchange that trades popular digital currencies, including several Waves assets. based in the UK and officially endorsed by the Waves Platform. It trades WAVES, Waves tokens and other popular cryptocurrencies including LTC, ETH, DOGE, DASH and BTS, although no fiat currencies. It launched with zero-fee model for traders and liquidity guaranteed.
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.
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.
I don’t quite understand you, Your saying the tax trade event laws only apply to exchanges but not for traders? That makes absolutely no sense. Law still exists whether you disclose them or not. That will be for you to decide on how you plan to do your taxes but I do recommend those understand crypto tax trade laws in detail so you know what your getting yourself into. So far people on here have very little knowledge of tax laws or feel taxes don’t apply to them when they absolutely do.
Most cryptocurrencies are mined. You invest in a very strong computer and the electricity to run it, and you are rewarded with crypto for contributing to the network as a node that confirms blockchain transactions.
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?).
Genesis’ move into crypto lending is the latest addition of institutional services in a market that has also recently seen the launch of bitcoin futures trading and increased interest in bitcoin exchange-traded funds.
Xcoins describes itself as a Bitcoin lending service that allows traders to get bitcoins by using a credit card PayPal. Due to charge back with paypal, buying cryptocurrency has been difficult however Xcoins claims to have found a way around it. Their unique peer-to-peer lending model connects lenders and borrowers and allows users to get bitcoins through a series of secure loans. Each secure loan can be paid with any PayPal-recognised payment method. Unlike regular cryptocurrency exchanges, borrowers that no longer want the bitcoin can get their money back. Lenders may also choose to join the platform for free.
NEO is the first decentralized, open-source cryptocurrency and blockchain platform launched in China in 2015. NEO uses a unique blockchain algorithm similar to Ethereum’s model. While the basics still apply, it also supports decentralized commerce, identification and digitization of several assets.
While you don’t have to reveal your name when sending Bitcoin or other popular cryptocurrencies, transactions are stored on a public ledger. With Groestlcoin, you can send the coin anonymously from their Samourai wallet. The Samourai wallet allows for private stealth addresses with VPN support and encryption. The team behind Groestlcoin, over 20 members, has
“The content and instructors of LearnCrypto’s Cryptocurrency & Wyckoff course are both excellent. It’s worth every Satoshi. At a minimum, it saved me thousands of dollars. In the best case, it might make me a decent income. As a newly retired person, it’s tempting to jump into trading just at a time in life that money is hard to replace if lost. Indeed, I was like “a monkey with a buzz saw” and managed to barely break even during the great bull market of June 2017. I was ripe for losing money, since I was listening to the social media buzz. The instructor, Todd Butterfield, is wonderfully responsive and totally knowledgeable. What this course isn’t: an introduction to the mechanics of using crypto exchanges – there are inexpensive courses (e.g. Udemy.com) that cover that ground – but beware of their hype content. This course isn’t full of hype about IPOs and the “next big thing”. It is no less than a sound introduction to building a retail business or career of trading cryptocurrency.”
Buying more coins to expand your cryptocurrency portfolio is a smart idea – the more you diversify, the better your chance of hitting a coin that goes to the moon. I do however recommend keeping at least 60% of your portfolio in relatively safe coins like Bitcoin, Ethereum, Litecoin and Monero.
A popular site for buying bitcoin or ether from those far-out tricky countries that are not accepted by the larger exchanges. Note that users cannot sell back to the site – only buy. There’s much more detail in my inspection of Coinmama which I encourage you to read.
How do you qualify your bases? I know you need a bounce of 10% or more and when I am marking up charts that are past I can nail it almost every time but when I actually trade I seem to miss. Any help you can give me? Maybe a specific video to watch? Thanks!
The local price of bitcoin plunged as much as 21 percent in midday trade to 18.3 million won ($17,064.53) after the minister’s comments. It still trades at around a 30 percent premium compared to other countries.
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.
Hi and thanks for a no bullshit overview and beginner’s guide to Crypto. I’ve been doing my due diligence for a couple of weeks now before investing my hard-earned moolah. I’ve self-educated a good bit and I’m pretty much ready to rumble! Your info is the best, as it verifies what I’ve compiled from multiple sources Thanks
Target and stop when starting a trade: For each trade we must set a clear target level for taking profit and more importantly, a stop-loss level for cutting losses. A Stop-loss is setting the level of loss where the trade will get closed.
With over 19,000 subscribers the team at LearnCrypto.io broadcasts live to our students daily bringing you news, charts, and a interactive live chat with over 900 students currently enrolled in our Cryptocurrencies and Wyckoff Trading Course.
Overview: Another week and some interesting regulatory statements from both Japan and the United States. As the SEC continues to take a stance on security type coin assets, Japan Suspends two crypto currency exchanges and looks to sanction others while South Korea bans politicians from owning crypto currencies in an attempt to curb hidden agendas. We also see …
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The Commodity Channel Index (CCI) is a technical indicator used to spot trend changes in the market. Despite the name, the CCI indicator can be used in multiple markets, not just in commodities. The indicator works by comparing the current price to the average price over a determined period of time. The indicator can be positive or negative as the price fluctuates above or below the zero line. The CCI indicator was initially developed for long term trend changes, but can be used for a variety of time frames including monthly charts, weekly charts, hourly and even minute charts.
When it comes to finding a healthy altcoin, it will be the one that has a strong community, that showcases high liquidity, and that is supported by developers improving the coin’s source code. These three factors strengthen a coin’s overall value in the competitive crypto space.
Firstly, I want to outline why the portfolio rebalancing has worked for me. My original investment was just in Bitcoin with a small amount of Ethereum, but as my investment grew I started to sell Bitcoin and buy others. During these early days, I blindly invested in a few other coins, Golem, Augur, Steem, Dash and Monero, but with no real strategy. Over the first couple of months, my portfolio made some modest gains.