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Bitcoin isn’t just an unknown commodity: it will always be an unknown commodity. Bitcoin doesn’t have the fundamentals that investors typically use to analyze an asset. Most stocks or bonds can be analyzed based on some trait of the instrument. Stocks have P/E ratios and dividends, for example, while bonds have return percentages. Bitcoin has no fundamentals that can be easily measured.
When you buy/sell via an exchange, try to use limit orders (try not to use market orders). On some exchanges, like GDAX, limit orders have lower fees than market orders. On GDAX, limit orders are free as long as they don’t fill immediately. Meanwhile, market orders result in a .3% fee, which is better than the 1.4% that Coinbase charges but not as good as 0%, especially if you are day trading. If your exchange rewards you for using certain order types, aim to use them.
Howdy, Welcome to popular Cryptocurrency blog 'CoinSutra'. I'm Harsh Agrawal, a tech enthusiast & Digital nomad from New Delhi, India.I started CoinSutra to help users around the globe to learn about popular Cryptocurrencies.Here at CoinSutra I write about Bitcoin Wallet, Cryptocurrency wallets, Online Privacy & Security, VPN experiences & making money from Crypto.
Stop limit orders are really only useful when selling coins. They allow us to set a condition: we specify a price, and if the price becomes less than or equal to that price, a market order is automatically placed for us. The advantage here is that if we need to step away and will not be able to watch the price, we have some protection if the market begins to plummet. The disadvantage is that we are counting on there being good buy orders available to fulfill our sells. If a massive amount of market sell orders were to be executed right before your stop is triggered, it’s technically possible to be left with the bottom of the barrel. This has happened before, but is not common.
One of the most powerful tools made available by the Blockfolio app is the price tracking functionality it offers. The Blockfolio app is able to deliver running price updates via push notifications directly to a smartphone as soon as a currency reaches a predetermined level, increasing reaction speed for high priority buying and selling actions when prices reach a specific threshold.
Limits orders allow us to place an order at a specific price. We can specify the amount of coin that we want to buy or sell, at the price that we want this to happen at. You may have noticed that the order book is always full of sell orders that are a little higher than the current price and buy orders that are a little lower. The advantage with limit orders is that we can do do the same with our orders. The disadvantage is that our transaction likely will not be filled immediately and will count on the market price to make its way towards us.
It’s even crazier that traditional strategies that are used in valuing stocks don’t exactly apply to the crypto market. For instance, when valuing stocks, one can do a fundamental analysis by using ratios such as the price to earnings ratio P/E, debt ratios among others. These are concepts that don’t apply to the crypto markets. So can you value cryptos and make money in this highly volatile, but lucrative market? The answer is YES. Here are 4 tips on how to do so.
Identifying sell levels to take profit: Using the order book we identify the areas of resistance that we previously analyzed. It is likely that being resistant, massive supply (a “wall” of sell commands) is present around these spots. The trick is to place our sell commands precisely one step ahead, at a slightly lower price, so in case the demands start to eat away the supply wall – our command has already been placed and sold to profit.
NEO: Apart from being a cryptocurrency, NEO is known for its niche smart contract feature just like Ethereum’s. Smart Economy, Digital Assets Storage and Exchange Automation are achieved through Neo’s smart contract. And coming from China, if it gets to receive the welcoming use that the Chinese always give to their startups, it’s bound to make it big in the industry. It also ensures digital identity anonymity and achieves consensus through the Delegated Byzantine Fault Tolerance
Read Part 2 of BTCManager’s series, ‘A Guide to Trading Cryptocurrency,’ here. In Part 3, we look again at another complicated trading style that focuses on your inner self and human behavior. Markets are chaotic. Cryptocurrency markets, even more so. But just because the markets are random and sentiment can shift rapidly does not mean you cannot profit from fluctuations…
A quick look at the Bitcoin price over the last few years reveals a strong upward trend, but also times where the price was over and undervalued. Since most buyers and sellers are regular people and not professional traders, the cryptocurrency market is extremely sensitive to media hype and news stories. When the news is good, people rush to buy overvalued cryptocurrencies. When something bad happens, they panic and sell their coins at below their true value.
Cryptocurrency is volatile! There is always the chance that the market will crash, or that you will face some other catastrophe. Cryptocurrency isn’t a centrally controlled and regulated fiat currency. If you lose a coin, or someone cheats you, or your account gets hacked, there is nothing you can do about it (which is one reason why you want to have 2-factor authentication set-up).
Investing and especially trading, is a highly skilled task. You need the best equipment, execution and tools. When the market is only going up any fool can make money but that blessed state never lasts long and what is left is an environment requiring focus, skill and discipline. To succeed unlike the devastated cohorts of dotcom and the real estate bubble, you have to work hard at it.
Almost every crypto-list today starts off with the king – Bitcoin! Satoshi Nakamoto created Bitcoin a long time ago, and it was the first cryptocurrency to step blinking into the bright light of the world! Bitcoin has surpassed all expecatations and continues to grow in value and popularity – despite recent setbacks and a lot of FUD from trolls and haters (read: traditional banks) online. Will Bitcoin continue to increase in value in 2018? Recent trends say: Yes! In my opinion, any cryptocurrency portfolio should hold some Bitcoin.
Many litecoin investors followed the wrong herd last December when its founder Charlie Lee sold all of his shares in the company to avoid a conflict of interest. This should have indicated to investors that the price would not hold and would decline, Spatafora says. Instead of selling, many crypto investors bought more litecoin "like idiots when it was not sustainable," he says.
A week in the crypto market is equivalent to three months in the traditional capital stock exchange, in terms of events and occurrences. One who wants to jump right into the deep water of crypto trading has to follow it not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the process. Sometimes it pays off to be a long-term investor, rather than a daily trader. By the way, as a daily trader it does not necessarily mean you are bound to buy and sell and trade every single day. Trades can reach their destination within minutes, as well as within months. Think about the time you are willing to invest in studying and tracking the market. Remember your time has marginal cost, or in other words – your time has a price tag. If you have decided to put your time and effort into trading on a daily basis, it is better to start with small doses and examine the performance prior to increasing invested amounts. This is yet an additional benefit of crypto – the possibility of trading on micro-transactions. Unlike the capital market, where if you put an eye on Apple stock, you would need to buy a minimum share equivalent to a couple thousand bucks, in crypto you can perform transactions of a few cents.
So I decided to take a peek at github, here's what I saw 11,200 repositories for bitcoin vs 3,563 for ethereum. **for non technical folks - repositories are where developers are storing code for projects** However, you have to note that Bitcoin was released in January 2009 and Ethereum was released in July 2015. Total volume isn't the best measure, let's take a look at the languages used.
Take a look at the screenshot. You can see there candlestick chart. In the upper part of the chart, you can choose indicators and different graphic tools. As for indicators, there are many useful algorithms including the most popular Bollinger Bands, ADX, ATR and the others. Graphic tools are represented by different types of lines and other geometric patterns. Here you can find Fibonacci retracement as well.
An unbreakable rule in trading says that you should never involve your emotions in trading. This is a basic rule for anyone who trades over any term, but especially for the ones who trade for the short term. Imagine buying Bitcoin according to the DCA strategy: Let’s say the Bitcoin price had crashed by 40% in three days. Now what? Obviously it is the time to buy a second portion of the coin (according to DCA) and average the initial trading entry price. But instead, almost everyone I know got “cold feet” exactly at the “terrifying” moment of decrease and had not completed the purchase of the second share. Why does it happen to us? One word – emotion. Emotions, in this case – fear of loss, affects us and completely disturbs our plan of action. If you are one of those (yes, the majority) who won’t buy the second share in the example above – you should consider your future as a trader, a crypto trader in particular. Getting over your emotions is also important after an unsuccessful trade or after you have sold a coin which is sky rocketing just after you sold it (FOMO). To sum up, don’t regret profit you’ve missed and don’t feel guilty about lost trades. Set yourselves a plan of action together with a set of goals, and act accordingly – as if you were a pre-programmed computer. Human beings are not rational creatures.
Hello All, I'm currently looking at the 1 hour chart and things are looking pretty good at the moment. For one we seem to be breaking our of the bull flag that had been playing out over the last few hours to the upside. Second, the MACD and STOCH RSI are turning positively for the short term at least. This can potentially lead us on a run into resistance around ...
You’ll find that different exchanges cater to different markets. Today, most countries have at least one cryptocurrency exchange specializing in their own currency. There are exchanges that can accept New Zealand Dollars in exchange for bitcoin, for example. Other exchanges are known for certain pairs. Bithumb, for example, has particularly strong liquidity in the ETH/KRW (South Korean Won) pair at the moment (and it’s easily the most popular cryptocurrency exchange in Korea).
Bitstamp is a European Union based bitcoin marketplace founded in 2011. The platform is one of the first generation bitcoin exchanges that has built up a loyal customer base. Bitstamp is well known and trusted throughout the bitcoin community as a safe platform. It offers advanced security features such as two-step authentication, multisig technology for its wallet and fully insured cold storage. Bitstamp has 24/7 support and a multilingual user interface and getting started is relatively easy. After opening a free account and making a deposit, users can start trading immediately. Check out the Bitstamp FAQ and the Fee Schedule
NullTX stands for Null Transaction. If you use Bitcoin regularly, at some point in time you encountered some sort of anomaly. Whether it be a null transaction, low fee, inputting the wrong address, or even had your wallet hacked. NullTX's mission is to be the #1 information source when it comes to solving your cryptocurrency problems. We provide the latest news in crypto along with educational articles regarding Bitcoin, Ethereum and much much more.
Investing isn’t poker or rather it should not be a gambling game. If you go all in with investing in an asset or two, you are almost certain to lose everything, it is just a law of probabilities. Diversify. Do not believe anyone who tells you otherwise, ever. Of course this new generation’s first instinct is to go all in and then when a correction or crash sets in, they lose everything. They then go away and never come back. It’s a never-ending cycle.
ACTION: Go out and find a few other people that trade, find people you trust. Start a group chat on Facebook messenger — or on whatever platform you prefer. Each of you should research 2–3 credible sources to begin following and then delegate the sources equally. Each day your team should study their respective sources and relay only the necessary information to the group, focus only on information that is crucial for advising trading decisions.
Sia is the very first decentralized storage platform that’s based on and secured by the blockchain technology. Through the blockchain tech, Sia can provide much reliable data storage options that do not have a single point of failure, can offer more storage space – at much lower costs than traditional cloud storage providers. Besides the obvious, investors are readily jumping on the Sia-train for one more reason: Privacy. Unlike cloud-storage provides, Sia’s tech gives you all the keys to your own (encrypted) data, and mandates that no third party will control nor access your files.
Bitcoin and Altcoins trading is like a raging river. It is a non-stop, rapidly changing process, more often than not accompanied by significant consequential events. If you swim against the current, you might disappear completely. In order to improve trading skills and market understanding, it is best to learn from other’s mistakes. The following article was written based on major experience in the crypto field and after having thousands of crypto trade positions over the past years. And of course, mistakes were made along the way. Shall we begin?
Binance is a digital asset exchange service. Basically it’s an online platform that allows people to buy cryptocurrencies using Bitcoin. Learning how to trade on Binance will get you in the cryptocurrency game and give the ability to trade basically any coin on the market. Best of all, unlike some other exchanges, Binance offers a truly staggering number of cryptocurrencies for you to buy and sell so you are very likely to find the coins you are looking for on the Binance platform.
Ripple continues to remain pegged down by this supply zone and the EMAs as it tries to break out from that descending trendline. The lower trendline has been adjusted and we can see that it has tested near it multiple times and is now attempting to break past resistance and make its way back to the FIB level or the supply zone above. MACD seems to be signaling ...
The fight over whether bitcoin’s currency code should be BTC or XBT is ongoing (as of November 2017). When bitcoin was first introduced, BTC became both the abbreviation for bitcoin and its currency code. As bitcoin gained momentum and recognition, a large portion of the community asked for a better currency code that adheres to the International Standards Organization’s rules on cryptocurrency codes, mainly that currencies not associated with a specific country should start with the letter X, hence XBT.
Swing trading concerns individuals that hold a cryptocurrency over a set period of time, usually a few days or weeks. Swing traders will then attempt to determine the overall trend of their cryptocurrency holding and execute trades based on its overall upward or downward trend. The success of swing trading is largely dependent on an individual’s ability to time the market, which is an extremely difficult feat to achieve given just how quickly the cryptocurrency market can turn. Thus, swing trading is no doubt one of the more riskier trading strategies to pursue.
Bitcoin is a volatile asset (relative to FIAT) and this fact should be taken into consideration, especially in the days when the Bitcoin value is moving sharply. Bitcoin and Altcoins have an inverse relationship in their value, i.e. when the value of Bitcoin rises then Altcoins are losing their Bitcoin value, and vice versa. When Bitcoin is volatile, our conditions for trading are kind of foggy. During fog we can’t see much ahead, so it is better to have close targets for our trades or not to trade at all.
Today’s article is all about the cryptocurrency trading strategy that you’ve probably been hearing so much about. There are tons of cryptocurrency trading strategies that promise to make you rich. Our team at Trading Strategy Guides understands that now everyone wants a piece of the pie and that is the reason why we have put together the best Bitcoin trading strategy PDF. We have also created a complete strategy article that has a list of all of the best trading strategies we have created.