If you’re not careful when it comes to cryptocurrency trading, you could find yourself gambling more than you’re trading, and eventually you might lose all your money. Trading is not a game, and just as there is real money to be made, there is real money to be lost. Doing your research and keeping the following concepts in mind when trading could help you avoid the pitfalls of cryptocurrency trading.
As mentioned above, get ready for tracking and research. If you want to be successful, track the latest cryptocurrency news, ranking and key indicators daily. Join the discussion threads on Reddit and Telegram. And don’t be afraid to ask fellow traders questions. If you look at those discussion threads, you will see that it is a very engaged and helpful community. This will help you to make smarter decisions. But don’t do the FOMO trade (Fear Of Missing Out). Don’t be caught in the fear of missing out the next big opportunity in the crypto space.
On top of the possibility of complicated reporting procedures, new regulations can also impact your tax obligations. The U.S, the ‘property’ ruling means your earnings will now be deemed as capital gains tax (15%), instead of normal income tax (up to 25%). Each countries cryptocurrency tax requirements are different, and many will change as they adapt to the evolving market. Before you start trading, do your homework and find out what type of tax you’ll pay and how much.
TIP: If you don’t understand the tax implications of trading cryptocurrency tread very carefully. There are some nasty traps you could fall into when trading coins. For one, they are not necessarily considered “like-kind assets.” If that is confusing, then consider sticking with trading USD for coins in Coinbase until you grasp the concept. Learn about cryptocurrency and taxes.

React to “the Mood of the Market,” But Otherwise Pick a Strategy and Stick With It. The market changes moods, and some strategies are better than others in a given market. So you’ll likely want to evolve your strategy as the market changes, and you learn. However, you’ll also likely want to avoid things like going long for most of the year, but then 9 months into your investment you start day trading when the market is down. Sometimes it can be tempting to change one’s strategy to adjust to the current market (for example if the market is bearish and trading in a tight range), however, this can get you in real trouble if you don’t make very careful moves. A long investor who starts going short will start realizing capital gains and will risk being in fiat if and when there is a recovery (recoveries, like corrections, can come on very quickly and without warning). If you do switch from long to short, make a commitment to yourself to buy back in upon a certain event occurring (like the 5 day EMA crossing the 50 day on 6 hr candles; something like that). I’ve hear countless stories of plans to buy back in, they often end with “but I didn’t,” those are the stories told in bull markets by very sad people.
BitForex is an investment fund established in 2015. So far, it has accomplished excellent results. With experienced, skilled traders and financial experts in the company, the investment fund has realized success. Throughout their careers, each of them has held high-profile investment management positions, which has sharpened their skills and experience. Besides, their employees are motivated and experienced in various areas including computer technology, marketing, trading, law, and management. As such, they are ready to provide relevant services. The profits generated from the company are shared among fund, private investors, and clients.
Know when to take a loss. Nothing is less fun than taking a loss, but if you are going short in BTC and you haven’t set a stop, sometimes it makes more sense to take a loss and wait for a better price than it does to suddenly start going long. The best way to know when to hold ’em and or fold ’em is some basic TA on longer term charts (I will use things like MACD on 6hr – 12hr – 1 day candles to confirm trends) paired with unwavering discipline.

Here’s what’s Lisk all about: Most developers today rely on centralized giants, such as Google Play and the AppStore to put up their newly developed apps. These giants take much of the profits and attention from these apps, and Lisk believes all this should be going to the developers themselves. This is where its Javascript-based tech comes in. Lisk is incredibly exciting because it aims to offer a decentralized apps platform, one that actually favors the developers, and therefore gives them the bigger piece of the cake. Lisk was previously Crypti, and after proving itself on a community level, it was forked by Max Kordek and Oliver Beddows into Lisk, in 2016.
Know what you are investing in, and know the risk. Bitcoin is speculative and volatile. Buying near $Xk means buying near the highest price Bitcoin has ever been. Some think Bitcoin is going to $X2k; some think it is going to $10. It is easy to get euphoric and think whatever today’s price is a safe bet. Historically that has been true or not depending on the weather on a given day.
This may seem like a silly question but am I able to buy and sell any and all cryptocurrency on the apps you listed? I wish I had seen this article a lil sooner…when searching for an app I read nothing but great things about coinbase. But it’s terrible. Fees are absurd, I can only buy (haven’t sold any thing yet bc I’ll incur more fees when I do so I’m waiting til its REALLY worth cashing in) 5 cryptos, and I can only get alerts for 3 of those 5. It’s awful. I want to be able to but whats looking good without having to pay crazy flat fees PLUS surcharges and international fees. It cost me $3 every time I buy…but I will divide my money up for the day to keep buying as it drops lower. So if I have $500 to put it, I’ll buy $100…if it drops I’ll buy another $100 and so on. But that will cost me $15 just to buy it. Is there an app that allows purchases for ALL cryptos with low fees????

On cryptocurrency mining: As noted, one way to invest in cryptocurrency is via cryptocurrency mining. That is a valid way to start investing if say you love computer gaming and need a new rig and want to invest in small amounts of cryptocurrency while maybe making back some of the cost of the rig (and maybe even breaking even) but that is an entirely different subject. The average investor will want to trade USD for cryptocurrency on an exchange and avoid the complexities and investments of mining. In all cases, unless you already have a good rig with a great graphics card, you’ll need to put down USD upfront anyway.
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.
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.
Speaking of the last two points, realize that crypto tends to be pattern based and tends to go in cycles. See “the cryptocurrency rotation” and “market cycles” for an in-depth look at what this means. You want to be in a coin before it starts its rotation, and then laddering out as its rotation ends. Likewise, in a perfect world you want to be in for the bull part of a market cycle, and out for the bear part. Near impossible to spot these trends in advance, but with experience you should be able to spot them as they occur and manage your positions accordingly.
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.
Kryll offers functional blocks that can help you. One of them, Market Trends, provides market information including price fluctuations, demand versus supply analysis, machine learning based market predictions and other options. In your strategy you can also include your preferable trading actions, such as buying, selling, splitting amounts into subsets, and many others.
React to “the Mood of the Market,” But Otherwise Pick a Strategy and Stick With It. The market changes moods, and some strategies are better than others in a given market. So you’ll likely want to evolve your strategy as the market changes, and you learn. However, you’ll also likely want to avoid things like going long for most of the year, but then 9 months into your investment you start day trading when the market is down. Sometimes it can be tempting to change one’s strategy to adjust to the current market (for example if the market is bearish and trading in a tight range), however, this can get you in real trouble if you don’t make very careful moves. A long investor who starts going short will start realizing capital gains and will risk being in fiat if and when there is a recovery (recoveries, like corrections, can come on very quickly and without warning). If you do switch from long to short, make a commitment to yourself to buy back in upon a certain event occurring (like the 5 day EMA crossing the 50 day on 6 hr candles; something like that). I’ve hear countless stories of plans to buy back in, they often end with “but I didn’t,” those are the stories told in bull markets by very sad people.

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.
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.

Watch out for scams. There are a few different scams in the crypto world. Anything that isn’t buying a coin with a good reputation is a big risk. Learn more about scams. In short, be super careful about anything that promises free coins, sick returns, or wants you to lend your coins. Buy the top coins using a careful strategy and ignore all the sites promising you they can outperform the market if only you give them X, Y, and Z.


Volumes indicate the liquidity of an asset. The greater the liquidity the easier it is to buy and sell, even when there is turmoil, and the lower the Bid-Offer spread and therefore the cost of trading. You want to avoid assets with tiny liquidity as when the shit hits the fan it will be costly to exit. Bitcoin has world-class liquidity. I run a crypoasset analysis site named Blocklink.info. Here is a screen-grab of the most liquid assets in the world.
Understanding support and resistance are pretty handy in the trading world, not only with forex, stocks, and commodities but also with the new kid on the block – cryptocurrencies. For example, when prior resistance turns into new support, we often encounter splendid buying opportunities in a strong uptrend. Check this space for a powerful support & resistance cryptocurrency strategy coming soon!
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 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.

As you decide to become a member of this platform, perhaps now, you will receive many incredible benefits. Our guide will include answers to all of the most basic and advanced questions. Strategies on how to better choose which altcoins to put your money into. As well as buy signals and detailed trading ideas for all those that already have the basic knowledge.
Tokenized crypto funds such as PentaFund are a way to benefit from all of these and more, without the legwork. Simply buying a token is enough to gain exposure to the awesome gains of the blockchain industry with the guidance and protection from the pros. Tokenized funds are one of the key products that will bring cryptocurrency into the mainstream, and the best time to get in is right now.
Consider seeking out opportunities to practice and master using the lingo. It might not suffice to idly read terms like ‘MA’ or ‘DCA’: many new day traders get their feet wet by using these terms in conversations, in real life and public forums like Reddit. People often find that they learn better when they actively discuss the things they’re learning, finding the best ways to explain it to others.
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.
The smart selection of assets ensures the fund avoids the biggest pitfalls of the industry. Only assets with excellent fundamentals and growth potential pass the strict filtering process. Continuous review minimizes the exposure to bad assets. The portfolio is diversified across the whole blockchain industry, with different cryptocurrencies, technologies, industries, fiat currencies, and traditional assets all represented. The cryptocurrency market runs 24/7, and PentaFund ensures that the funds are protected at all times.
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.
Bart Smith, the head of digital assets at trading giant Susquehanna, told that BTC remains the best option for those willing to invest in virtual currencies due to its functionality and widespread use. He called bitcoin “the currency of the Internet” and praised its numerous real-world use cases, such as cross-border payments or bitcoin ATMs, introduced in Europe for the first time in June.
These big coin strategies can also be used for trading bitcoin cash as well as other cryptocurrencies, in fact, you can use this as a trade guide for any type of trading instrument. The blockchain technology is a big step forward for how to access information and many companies are starting to develop applications to use it in their favor. Remember that when trading digital currency it may seem like it is not a real currency but it actually is real, this is not some Ponzi scheme. Before you buy bitcoins have a solid plan in place and don’t underestimate the cryptocurrency markets, you must do your technical analysis just as if you were going to day trade any other instruments. You can also read our best Gann Fan trading strategy.
Buy-and-hold crypto trading has definitely been one of the most profitable cryptocurrency trading strategies so far. This is not surprising because most of the major cryptocurrencies are not far from their all-time highs and many are pushing to fresh highs at the moment. The guys who have bought and held these cryptos during the last few years until now have all been rewarded handsomely.
Certain candlesticks contain powerful clues about the direction of order flow and where the price is likely to go. The mighty engulfing bar is one of them and marks levels where reversals are likely to occur. Engulfing the entire price range of the preceding candle says much about where the big market players are putting their money. More about engulfing bar crypto trading coming soon!
For instance, ZClassic will be forked to create bitcoin private, and all holders of ZClassic will be rewarded with bitcoin private on a one-to-one ratio.  This is big news and if ZClassic already meets the rest of the other criteria discussed above, then this news would be guaranteed to earn it a place as the crypto to invest in right now. That’s because the demand for ZClassic will most likely grow in coming days as people seek to earn some free coins.
If your focus lies in crypto-to-crypto trading, Binance is the option you can go ahead with. Binance is ranked as one of the most popular cryptocurrency exchanges worldwide. Being natively evolved from China, it offers its features and functionality to traders worldwide. On the top of this, it’ll also provide you with impressive offerings along with an extremely low trading fee. Though the Binance platform hasn’t been too old in the field of exchanges, it has taken over and gained a rapid growth by getting listed in the top 10 cryptocurrency exchange platforms of current times. Binance holds a huge selection of altcoins with Bitcoin, Ethereum, and Tether pairing.

This is probably the most important factor to look at when deciding whether a cryptocurrency will survive into the future or not. Some cryptocurrencies, apart from acting as coins and trading assets, also provide platforms, serve as the fastest means to move money across the globe, try to solve a certain problem in society or in the cryptocurrency ecosystem, and do a lot more.
You cannot “buy the dips” if you have all your money to invest already invested. LET US STRESS THIS POINT! The point should be obvious, but it bears repeating over and over. It is tempting to go all-in, but that limits your options. Consider always having some funds to the side to buy an unforeseen downturn. Even if you want to “go all-in” on crypto… leave yourself at least a little money to the side just in case. If you are all-in and the price takes a hard downturn, it takes lots of options off the table. It is hard not to go all-in when a coin goes down 60% – 80% over the course of weeks or months, but sometimes they go down even more than that, and it is wise to always prepare for the worst case.

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.

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BTC saw a pump last night that only lasted about 10 minutes in terms of the significant part of the move. Since then we have consolidated for 9 hours giving some of the move back. This is still healthy consolidation on the 4 hour and even a potential bull flag. Bulls are trying to hold the back test of 4 hour EMA supports. We are still in a 4 hour lower high ...
This is a typical recommendation coming from stock and Forex markets. There is a probability of a strong and significant price wave when rumors appear. Those who buy on rumors have greater risks as there are still no facts to prove them. However, they also have better profit opportunities as trends are in their initial phases in moments when such rumors appear.
Let’s say on January 2, 2017, you owned $1,000 and exchanged it into euros (EUR) with another market trader at a rate of EUR€0.9565, leaving you with EUR€956.50. Then, on November 24, 2017, the value of the US dollar had fallen from EUR€0.9565 to EUR€0.8380, so you decide to exchange your euros back into US dollars. After finding someone willing to sell their US dollars for your euros, you carry out the exchange at the new price. Your EUR€956.50 is now worth $1,141.40, leaving you with a profit of a little more than 14%.
Coinigy is an incredibly powerful tool for anyone who is serious about crypto trading. This video from their team explains exactly what it can do for you, but to put it in layman’s terms: It makes technical analysis a breeze and really simplifies the process of trading across several exchanges. It costs $15 a month and is at least worth trying out the the free 1 month trial to see how you like it.

Blockfolio also provides complex and powerful analytical and charting tools that make the tracking price trends of the currencies you’re investing in seamless and practical. The app can also be programmed to gather together the latest news stories from your favorite cryptocurrency news websites and sources and present them in a comprehensive array.

The motivation for the investors is that the token will be traded from day one on the exchanges and would yield a nice profit to the ICO participants. In recent years, there have been many successful ICOs, both the project itself and especially in measuring the yield for investors. Coins doubled, or tripled, their value and much more in relation to their value on the crowd sale. Augur’s preliminary crowd-sale (we reported on it previously here) yielded investors a phenomenal 1,000% for their investment. Okay, but what’s the catch here? Not all the projects benefit their investors. Many ICOs proved to be complete scams, not only were they not being traded at all but some projects disappeared with the money and we have not heard from them right up to this day.


TIP: If you don’t understand the tax implications of trading cryptocurrency tread very carefully. There are some nasty traps you could fall into when trading coins. For one, they are not necessarily considered “like-kind assets.” If that is confusing, then consider sticking with trading USD for coins in Coinbase until you grasp the concept. Learn about cryptocurrency and taxes.
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.

On the contrary, bitcoin has been widely used for international payments and is way more efficient compared to traditional cross-border remittance. According to Mr. Smith, “They use Western Union, traditional banks; It is slow and it is expensive. And there are people that can stop you from sending that money, whether that’s good or bad. With bitcoin, I can send money. It’s fast. It’s cheap. And frankly, no one can stop me.“
For example, if it was thought that things were getting very frothy, and most of the people who were getting in were just gamblers who were buying on credit, then that might be the time to cut loose using that as your signal rather than using a technical one.  On the other side, if you have cryptocurrency that is just hammered to the floor with everyone thinking it’s dead and everyone’s out of it, one can use this opportunity to make a few purchases as a long-term investment and wait for the upturn.
Dad advice: Aim to buy low, sell high; try not to buy high, sell low. Look at the price trend, if we are at the highest point it has been in the past 24 hours (days, weeks, etc), that is inherently riskier than buying at a short term low. It can make sense to buy as the price starts to break out, but buying after a breakout at a new high while filled with excitement is a little “irrationally exuberant.” This is to say aim to “buy the dips” and often “the best time to buy is when there’s blood in the streets… even if it is your own.” Conversely, the worst time to buy is often (but not always) right after the price has shot up and everyone is manic. If you do buy high, and it ends up dropping shortly after, consider HODLing (to “HODL” is to Hold On for Dear Life as the price goes down. It is what you do when you buy high and then neglect to set a stop or if you are going long and can’t or don’t want to cash out yet). Buying the dips and holding can be dangerous in a bear market, and it can put pressure on you to sell low if you overextend, but its still often better than FOMO buying the top. Sometimes it can be wise to sell for a loss or to buy when the price is at a local high, but knowing when this is the case requires a rather high skill level. Thus, although rules sometimes are best broken, start by aiming to buy low and sell high.Two last points 1. Knowing when to take a loss is hard, buying the dips and holding is easy. 2. The dips WILL happen, you must be patient and ward off FOMO!
Similar to Bitterex, Poloniex is also a crypto-only exchange which will allow you to go ahead with your trading by depositing Tether dollars. The fee charges for this crypto exchange depends upon your choice (whether you are a maker or taker) and can be 0.15% to 0.25% accordingly. Traders looking for a variety of altcoins can check Poloniex for their requirements. Although you’ll get an intuitive mobile-friendly website to place your trade; there are no options in terms of mobile applications.
Payment Methods – What payment methods are available on the exchange? Credit & debit card? wire transfer? PayPal? If an exchange has limited payment options then it may not be convenient for you to use it. Remember that purchasing cryptocurrencies with a credit card will always require identity verification and come with a premium price as there is a higher risk of fraud and higher transaction and processing fees. Purchasing cryptocurrency via wire transfer will take significantly longer as it takes time for banks to process.
Bitsane offers a minimalistic, user-friendly interface for maximum usability. Our platform provides super-fast execution of trade transactions for major currency pairs, such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Iconomi, Ripple to traditional currencies USD and EUR. The number of trading instruments is constantly expanding. In addition to the aforementioned crypto currencies, deposits and withdrawals are available via SWIFT (in dollars) and SEPA (in Euros), OKPay and AdvCash payment systems.
I’m a nomad from The States, currently residing in Indonesia. Can you suggest the best global service for wallets/exchanges? In The States it’s Coinbase but its supported countries are extremely limited for my needs limited. I need something I can access in basically any country without issue. I know there are a options out there, but I wanted to get you opinion of how other travelers have gotten past this.
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.

Leverage is money that a broker loans you. Unless you’re a professional trader, you should stay away from leverage until you’ve learned everything you can learn about making trades with your own money. While leverage can help you make greater profits with short cryptocurrency movements, it can also amplify your losses when the trade takes a wrong turn.
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.
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The truth is that bitcoin is the hottest trading market right now, hotter than stock trading, oil trading, gold trading and any other market at this point. The reason people believe this is going to continue to be a hot market is because blockchain technology which is what allows transactions to happen without a central exchange. Here is another strategy on how to draw trend lines with fractals.

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