The crypto world is a uniquely perfect environment for arbitrage. As William Belk argues here, the combination of it’s distributed nature, regulation, security, availability, and anonymity factors means that the marketplace has many inefficiencies, and that “arbitrage opportunities will continue indefinitely.” For example, some markets pay a premium for security, geographical location, or simply because they don’t know they can get it cheaper somewhere else. In some cases, the price discrepancies across different exchanges can be as much as 43%.
I came across Bibox around December when looking for an alternative to Binance. This one at a glance looked like inspired by Binance but with more features and many new coins. Bibox app is also pretty smart and you can use it to trade smartly from your smartphone. One thing that Bibox is doing better than Binance is charting. If you already use the Binance mobile app, then you should try Bibox to see how it is different than Binance.
So you can identify cryptocurrencies that will survive into the future yourself. The market is damn volatile and when you allow suggestions, everybody is marketing their own cryptocurrency everywhere, so you end up getting what many people use but not what might truly survive in the long term. So make your own decision by knowing what makes a cryptocurrency survive for long.
Before buying into a position on an exchange, it’s probably prudent to consider whether there’s enough liquidity to make a well-timed exit. Day trading is all about timing one’s trades, and many cryptoassets and exchanges don’t have the liquidity to support the near-instant trades an experienced trader might be accustomed to in trading stocks or forex. Consider checking the 24-hour volume of the asset, and verifying that the exchange allows you to both buy and sell the asset — some only allow you to buy, and some that allow you to sell might temporarily turn off selling at times of high volatility.
Is a digital asset which is designed to act as a medium of exchange that uses encryption to secure transactions and control the creation of new currency units. Cryptocoins are a subset of digital coins. Bitcoin was created in 2009, thus becoming the first decentralised Cryptocoin. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular 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.

If you have an account on Poloniex.com or Bittrex.com (and other crypto exchange sites) you can use their API with TabTrader to easily trade and monitor prices on your phone.  It's important to me that the app connects to Poloniex and Bittrex because these exchanges have good volume. And they're pretty credible. TabTrader supports other major exchanges too :)

EDIT: #10 Bonus (Suggested by @kerstenwirth ) — always check the ticker symbol. Ticker symbols are not universal, and may vary from exchange to exchange in rare cases. Those cases, though, can come back to bite you. For example, Bitcoin Cash trades on some exchanges as BCH, while it trades on others as BCC. BCC is also the ticker symbol for BitConnect, which was recently outted as a Ponzi Scheme. If you bought BCC under the impression was Bitcoin Cash, you would’ve lost a lot of money.
The moment you look at the amount of support Tron has been receiving lately, you immediately realize it’s not just yet another blockchain-based platform. Tron’s technology aims to deploy world’s largest FREE content entertainment system. The platform allows anyone to store and own data, and to freely publish their content. Its app “Peiwo” already gathers 10 million enthusiasts and is on the road to become the world’s first TRON-compatible entertainment app. This technology revolves around the following ideology:  All contributions on the network should be of equal quantitative value, the Internet should be decentralized, and data creators should have the absolute ownership of the data. It’s important to realise though that Tron has been pushed like hell by an ambitious marketing department… I have not yet decided if this is a cryptocurrency which will survive but, for a one year hold, it seems a safe bet.
A successful strategy regarding this is placing very low buy orders. About a week ago a crazy dump occurred, selling off Augor coin down to 25% of its value! After a short while the market recovered slightly and anyone who had low buy these low orders could easily double or triple their investment. Placing buy orders requires special care, don’t wake up when you’re far away from the market to find your buy order is suddenly higher than the current market price!
A small number of cryptocurrency pairs. It is true. You will not find any altcoins from above the top 20. However, Bitstamp offers in its turn the possibility to work with hybrid pairs including USD and other fiats. The exchange can be used as your pass into the world of altcoins as you may buy BTC or ETH here and then transfer those cryptos to other exchanges with a wider range of pairs, which do not support fiat money.

They can also be expensive. Whilst there are many options like BTC Robot that offer free 60 day trials, you will usually be charged a monthly subscription fee that will eat into your profit. They can also be expensive to set up if you have to pay someone to programme your bot. On top of that, you’ll need to pay to have your bot updated as the market changes.

Learn Technical Analysis. Technical Analysis (TA) is the analyzing of price and volume data and trying to predict future trends based on that. If you know how to read a chart, you’ll be better able to understand how things like candles, moving averages, RSI, and the order book can clue you into good spots to buy and sell. Crypto defies logic all the time, but basic indicators are still helpful to understand. TIP: You don’t have to be good at TA, you can just follow others who are. Fibonacci support and resistance levels, moving averages (try 12, 26, 9 MACD on 4hr candles), RSI, and a few other popular indicators are vital to wrap your head around. All the pros use these, and all the big players have bots who run strategies based on these (complex versions of these at least). You can’t afford to ignore TA if you are going to trade crypto and not just invest in it. I suggest you get familiar with tradingview.com ASAP. See a basic TA strategy.
They can also be expensive. Whilst there are many options like BTC Robot that offer free 60 day trials, you will usually be charged a monthly subscription fee that will eat into your profit. They can also be expensive to set up if you have to pay someone to programme your bot. On top of that, you’ll need to pay to have your bot updated as the market changes.
Before committing to a trade you'll always need to answer a set of questions like: What is the target for this trade; Where to sell; What is the position size; Where is the stop-loss; Is this a short or a long-term investment. With Crypto Trade Academy, you'll not only learn to ask yourself all the right questions. When you complete our training, you'll know how to answer them each time you'll start planning a new trade.
For instance, you might have a day trading strategy that exploits differentials in tightly correlated cryptocurrencies: BTC and ETH, for example. If you think that BTC and ETH are tightly correlated and you see that ETH is disproportionately low, you might buy ETH with the expectation that ETH will rise up again to restore its typical relationship with BTC. However, this might be a case of contagion: the whole market is going down. In this case, your technical analysis could be your downfall: you’ve just bought into a position that’s still going down.

I prefer to trade on decentralized exchanges. For myself, I made a choice in the form of ethnermium.сom. They have a huge number of coins. There are no minimum restrictions on trade and fees are so insignificant that you will not notice them. I also think the advantage of the easy creation of a wallet like MeW and easy integration with metamasks and a high level of security

So let’s take our hypothetical 1 BTC from before and take a short position on Ethereum. We are able to borrow 2.5 BTC worth of ETH and sell it. 30 minutes later, the price of ETH has plummeted 10%. Now we can close our short position, buying back 2.5 BTC worth of ETH; except now, since the price has dropped, we are buying more ETH than what we sold. Our borrowed coin can be payed back and we take the rest as profit!

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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Perhaps the deadliest mistake a trader can make is letting emotion get the best of them. Those with the wrong mindset will lose in the long run; Whether it’s losing a trade and trying to get it all back by chasing a phantom opportunity that was never really there, or winning a huge trade just to get too greedy and giving it all right back. Set a clear goal each time you sit down to trade and walk away once you’ve hit your goal. Do the same for loses. Walk away and come back tomorrow. There will be opportunities will be there the next day, I promise.

I would also encourage you to have a secure place to keep your passwords, maybe written down in a couple of locations or stored in a password manager, just create something which works for you. Also, keep a copy of your private key for each wallet. If you lose your access and lose your keys, then you lose your coins. Don't worry; this is not necessary with every wallet, for example Coinbase and a Nano S will manage your private keys for you, this will all start to make sense once you start.
Update 1st October 2018: The cryptocurrency market has been volatile as ever over the last 6 months. Unless you are a skilled trader, it is harder to make money in a bear market than in a bull market – and we have been in a bear market for some time now. Personally, I have stopped trading and I am now focussing on growing my portfolio passively using a cryptocurrency trading bot – you can find out more about this here.  If you are new to crypto, read on!
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.
The cryptocurrency market is very well known for one thing, and that is volatility. The price of Bitcoin, or any given cryptocurrency can rise by 20% in the span of a few hours and just as easily fall by another 20% in the next few hours. Ultimately, some traders use this volatility to try and turn a profit. One such strategy that allows for this is swing trading.
Here again, it is important considering a number of factors when choosing a stop loss level correctly. Most traders fail when they fall in love with a trade or the coin itself. They may say, “Here it will turn around, and I will get out of this trade with a minimum loss, I’m sure”. They’re letting their ego take control of them and unlike the traditional stock exchange where extreme daily movements are considered 2-3% in value, Crypto trades are a lot more riskier: in my life as a trader I’ve seen a coin dumping by 80% just in a few hours! And nobody wants to be the one who is left holding it.
Let’s say a trader has bought Bitcoin for almost $20,000 in December 2017. The current price of this crypto is around $7,000-$8,000. It is evident that he has made a mistake purchasing Bitcoin at its tops. Why do many beginner traders do those mistakes? The main reason for this is lack of knowledge and some typical emotions that make them buying when the price grows.
PentaFund is an actively managed fund (as opposed to passive investment funds, such as the Vanguard 500 index) made up of cryptocurrencies, blockchain assets, and traditional assets. It applies modern portfolio management principles to the world of cryptocurrencies. Arbitrage, leverage, short selling, hedging strategies, derivatives, as well as technical, fundamental, algorithmic, and trend analyses are all used to take advantage of the growth and opportunities in the crypto space.
To stress some points made above, realize that a diverse portfolio and investment strategy will eat into gains as often as it staves off losses. The only way to make big profits most of the time is to make risky moves. If you go all in on a single coin at a given price and it goes up, that is a payday. If it goes down, your investable funds are locked into that crypto (unless you want to sell at a loss). Diverse strategies protect against this, but they will also eat into your potential gains (as it is rare for everything to go up or down at once). Know what you are looking for and know how to weight your portfolio to reflect that.
You might buy in to your Ethereum position at $1000, you set your sell position $1300. Your sell order could take days, weeks, months, years or till the end of time to be filled. Once it has been filled, you then take that profit and you roll it over in to a new buy over at, say, $1100. Choosing good targets for your buy and sell orders is crucial if you want to be a successful swing trader but overall swing trading cryptocurrency is pretty easy – set your orders and then just wait.
There is also an Ethereum-based ETF pending regulatory review, and many such products are likely to follow. For now, there are just a few options available. For example, ticker symbol GBTC is one such security listed on the US-based OTC Markets Exchange, and is available at major online brokerages such as Fidelity, providing stock market investors a way to gain exposure to Bitcoin without buying the underlying or using a derivative.
Knowing generally how people are behaving, how they are feeling about the coin’s activity, and the news flow (i.e. government, or big business factual news about the space) surrounding the upturn or downturn that will push it one way or the other is the key to this strategy for the trading of cryptocurrency.  One can’t really tell exactly but using the right clues we can make smart decisions based on the preponderance of the evidence.
Pentafund is a tokenized fund, making it extremely easy for investors to get in and out. To buy in and earn returns, all you need to do is buy some PentaCore (PENT) tokens and hold on to them. The tokens represent a portion of all the assets owned by the fund. To cash out, you can either sell your tokens on the open market, or redeem your tokens with the fund directly. The fund allows up to 10% of the fund’s net asset value on a quarterly basis. This is a strong guarantee of liquidity and a price floor for investors.
Think of this as your guide to day trading cryptocurrency and you’ll avoid most of the hurdles many traders fall down at. When choosing your broker and platform, consider ease of use, security and their fee structure. There are a number of strategies you can use for trading cryptocurrency in 2017. Whichever one you opt for, make sure technical analysis and the news play important roles. Finally, keep aware of regional differences in rules and taxes, you don’t want to lose profit to unforeseen regulations.
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