One fact of trading that’s best to make peace with is that you’re never going to perfectly time your buys and sells. What are the chances you’re going to purchase at the exact bottom and sell at the exact top, coupled with putting enough capital into the trade to make a dent in your wealth. Trading is not cut in dry in the sense that there is only one set path to take. Every person has different goals in investing and trading, and cryptocurrency trading is similar in that regard.
You should have a general understanding of what a cryptocurrency is because knowing the functional use of a coin can give you an edge when deciding your investments. There are hundreds of coins ranging from major players like Bitcoin (BTC) and Ethereum (ETH), to smaller coins that we refer to as “altcoins.” Each coin is unique and offers their own flunctional use cases. If you’re feeling unclear about what a cryptocurrency is, check out some of the resources below. They give great explanations of Bitcoin and Ethereum, and blockchain, the underlying technology of which cryptocurrencies are built upon.
"You can buy bitcoins once a week for 500 or 1,000 pesos, regardless of the price; The average price of your investment in bitcoins will be very good, since although one day purchases more expensive and the next cheaper, the long-term average will be better than saying 'today the price is good, I will buy for 50,000 pesos' but you can That tomorrow may come even lower; If he buys regularly and leaves it for a year or two it is not speculation. "
Before that, first understand the overall skeleton of Crypto Trading and have a clear understanding of Cryptocurrency and Bitcoin. Hopefully that will help you to mark out the good’s & bad’s in Crypto market. Being one of the fast renowned blockchain expertise company in India. Our Blockchain experts frequently deliver their knowledge on Blockchain & Cryptocurrency and if you’re one with aim to kick start it then here are best explanatory blogs for you!
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.
Forks are nice, but they aren’t worth losing money over. 1 Bitcoin Cash is worth about $330 as of today in Oct 2017. 1 Bitcoin costs about $4.8k. If it cost you hundreds in losses to get a single Bitcoin Cash, it probably wasn’t worth it. In other words, don’t let excitement or fear of a fork mess with your general strategy too much. The best example of the worst that can happen with a fork is Zclassic. This event was really sad. Let is serve as a reminder of how brutal crypto can be and why chasing a fork sometimes just ins’t worth it.
You could try this instead: Develop your own day trading strategy with indicators and rules that you understand and hold yourself to. Then read the news, but read it with a grain of salt — and try not to make trading decisions based on rumors that might be debunked the very next day. You shouldn’t buy just because you see the price rise and fear missing out.
Trading strategies have been practiced since the first human civilizations formed. This means that even though we have converted them to our current trading market, the basis of everything is still bartered trade. What are we trying to say here? We’re trying to say that no matter what the strategy is; the main point of following one is to make a profit.
We are still seeing the bulls grind EMA 4 hour support, but they have to break the lower highs to see continuation and shift momentum. The bears continue to hold the upper paw as long as the lower highs remain. The daily chart continues to tighten and this weekend it will be worth watching other alt coins in daily equilibriums to see if we have any initial ...
Hi, unfortunately I bought bitcoin at the peak, then it fell all the way down before I switched over to some of the Altcoins you mentioned, however I didn’t realise the time I switched over to them, that the Altcoins were at a peak and when I switched they then fell down too leading to more of a loss. I also, feel a lot of those coins have maybe had their days of 100x, 10x their gains and had more potential at the time you bought into them.
Ethereum'is on the trouble! Almost all the altcoins trades above the major counter-trendline but Ethereum'is not on the list anymore. It has a break downwards from the trendline and from the strong area which is not the good sign but we can find something positive also, currently, it has an opportunity to make a new higher low on the market structure and it shows ...
Developing a facility with TA takes time, but there are good, free resources available to help beginners get acquainted with the basics. As a place to start, consider checking out the free educational material on BabyPips.com. While the site is focused on forex rather than cryptocurrency, its lessons on TA are relatively applicable to day trading BTC, too.
TIP: There are a few sides to cryptocurrency. 1. you can trade and invest in it, 2. you can use it for transactions (anywhere a coin type is accepted), 3. you can break out a graphics processing unit and some software and mine coins (see how to mine coins). Those are all valid and interesting, but with that in mind, this page is focused on “trading” cryptocurrency (and therefore also investing in it). With that said, even if you want to do the other things with cryptocurrencies, you still need to be set up for trading.
Fundamental analysis is a methodology that was first conceived by the late American Investor, Benjamin Graham. It was then later popularized by Warren Buffet, currently one of the world’s more famous value investors. Fundamental analysis is a concept that is most often applied to companies, but it can just as easily apply to digital assets such as Bitcoin. Instead of metrics such as the P/E ratio, factors such as the following can be used as part of any cryptocurrency related fundamentals analysis:
The second reason to buy the most liquid coins is that there are risks of scams. When you purchase Bitcoin you are sure that you will be able to sell it to somebody later. However, when you buy X coin, which is not as liquid and as popular as Bitcoin is, your risks are higher as everything depends in this case on the project, its team, goals, roadmap, background etc.
This marketplace is widely known within the cryptocurrency community and I would tell that this is true as you hardly can find a trader who heard nothing about it. Moreover, several famous and popular tabloids like Forbes, Coindesk, Reuters have mentioned Bitstamp in their articles. The company has established cooperation with Ripple, CACEIS and Swissquote.
Investors need to be more selective with presales and ICOs in 2018. Not only will most ICOs fail but if you’re not getting in during the presale, you’ve already lost. If half the tokens were sold for $1 during the presale, and the ICO price is $3, who wins when the coins hit a major exchange? While you might still turn a profit by buying at the ICO price, those who purchased at presale have a much better risk/reward profile.
The trading strategy used is bollinger bands. (You can create bollinger bands on graphs in poloniex). The strategy is to buy when price touches lower bollinger band and sell when the price is above your bought price and also hits high bollinger band. If the price goes down and again touches lower bollinger band then invest another 25% of total investment assigned for a currency.
When you are choosing the crypto exchange, look at and compare cryptocurrency platform fees, among other things. Using some crypto exchanges you will pay a percentage of each deal, using other ones you will pay for income and outcome transactions. You need to pick what fits you more. For example, Bitfinex charges Maker 0.1% and Taker 0.2% in fees based on the volume. Kraken charges Maker 0.16% and Taker 0.26%. European BitBay charges both types at 0.43%. You can see and compare fees schedules here.
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.
Another tip is to try and determine why the value of a particular cryptocurrency is rising or falling before you make an investment. Buying a coin that’s in freefall and waiting for its value to increase again may seem astute, but there’s no guarantee that it’ll bounce back. Chasing gains by backing a currency that’s surged can also seem tempting, but there’s always the risk of “pump and dump” schemes where the price crashes afterwards. Know the “why” before you buy.
Don’t zoom in too much on the price trends of the moment; don’t sweat the small things. It’s easy to zoom in and get stressed when Litecoin goes from $220 to $213 (or something like that). However, these little movements only matter if you are day trading large amounts of coin relative to your total investable funds. Zoom out a bit and look at trends over larger periods of time. Don’t think of that $213 relative only to $220, think of it relative to the $100 Litecoin was at a few months back, the $400 it was at after that, and the $100 it was at just a little while ago. From that perspective, a fluctuation between $220 and $213 is nearly insignificant. I will rarely make trades on timeframes shorter than 2hr candles, and I generally am looking at 6 hr and 1 day candles, because I value my sanity and am focused on the long term trajectory of crypto. That only changes in very specific instances and with purpose. If you zoom in too much, you lose sight of overarching trends (many of which are actually stronger indicators of what is actually happening).
We’ve come a long ways in our path to becoming crypto traders, but there are still some very important things to learn. So far, we’ve learned how to do a fundamental analysis of a cryptocurrency, and that it’s important to do this so that we fully understand them before investing. But as traders, we need to understand what kinds of things tell us when should buy or sell. We need to understand technical analysis.
Now I have my strategy that I stick to without letting my emotions interfere. I have a set of coins that I like trading so I only look at those charts. I have patterns and indicators that I look for on those charts so I can quickly flip through them. Within minutes I can set my orders, set alerts on my desired entry and exit prices, and walk away from the computer.
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.
In the first week of January 2018 popular exchanges like Binance, Bitfinex, Bittrex have shut down new users registrations to maintain the quality of exchanges. This is when the Gate.io name popped up and after trying for almost 1 month, this exchange seemed to be a solid pick for 2018. The mobile app is fully functional and lets you also add fiat money using AliPay account. You can trade BTC, ETH, USDT, QTUM for any other crypto of your choice.
Bull markets, bear markets, corrections, and bot manipulations. All part of the cryptocurrency trading world that has gotten people so interested in trading crypto and being part of the game that’s sure to change the investing world forever. These new markets are right now looking for new investors, but how to invest if you are a beginner? Here are some cryptocurrency trading strategy tips.
Risk Warning: Trading forex, cryptocurrencies, indices, and commodities are potentially high risk and may not be suitable for all investors. The high level of leverage can work both for and against traders. Before any investment in forex, cryptocurrencies, indices, and commodities you need to carefully consider your targets, previous experience, and risk level. Trading may result in the loss of your money, therefore, you should not invest capital that you cannot afford to lose.
Almost everyone joins Telegram groups and follows Twitter traders for signals, and there is nothing wrong with that, as long as you do your own research. There is no shortage of ‘shilling’ (promoting coins and market moves for personal gain) across all social mediums, and you will come across tons of people claiming that a particular coin is going to ‘moon’ soon or give 10x gains.
This is the perfect opportunity for investors with the available funds to buy the undervalued cryptocurrencies. As a trader, you use your expertise to assess the market conditions and fundamentals to predict when the market is most undervalued and likely to make a recovery soon. Then, just make your trades and hold out during the period of fear and uncertainty, all while making a nice profit when the market returns to sanity.
These are what allow us to buy and sell cryptocurrencies. There are a handful of popular crypto exchanges, some of them have advantages over others. For example, some exchanges don’t allow us to deposit and withdraw using fiat currency like the U.S. dollar and euro; others aren’t available in certain countries. In this guide we will focus on two very popular exchanges, GDAX and Poloniex. GDAX gives us the ability to use our fiat currency to buy Bitcoin. Poloniex does not, but does give us a wide array of altcoins to trade. There, we’ll be using major coins like Bitcoin and Ethereum to buy the altcoins, and vice versa. Other popular exchanges such as Kraken and Bittrex offer even more coins.
There are some people who believe that Bitcoin is the only blockchain based protocol which has value and that all others will fail. These people are known as Bitcoin maximalists and their belief is based on economics, specifically Austrian economics, and that the technology which is great for Bitcoin is not useful for anything else. I am more open minded and believe that there are other applications of the technology which will create sustainable ecosystems but I could be proved wrong here. It is important to spend time doing your own research and building up your own view on where the technology may be used.
Always pay attention to Bitcoin. Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline, or remains stagnant in price.