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.
Poloniex was started in the year 2014 and has become a preferred platform for crypto exchange and trading since then. You might want to pay attention to this US based platform as it offers more than a hundred cryptocurrencies to its users for trading. What makes the exchange unique probably the most preferred choice of people like you is that, it holds the highest volume for Ether as it supports both Ethereum and BTC markets independently.
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.
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.
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.
Before I start describing the main features of this trading platform, I would like to familiarize you with the company itself. Bitstamp is one of the oldest cryptocurrency marketplaces in the world. The company began its activity in 2011 in the UK. However, later they have opened other offices in Luxemburg and New York. Crypto exchange Bitstamp received its license in Luxemburg.
Bitbuy.ca is a Canadian owned and operated digital currency platform. Originally founded as InstaBT in 2013, the company’s mission is to provide convenient, dependable and secure access to Bitcoin and other digital currencies. Customer service, ease of use, and quick turnaround times for deposits and withdrawals are pillars of this platform. They cater to beginners as well as experienced traders, and are one of Canada’s quickest growing buy/sell platforms. A great choice for users looking to buy and hold crypto, or users looking for a reliable on-ramp to turn their fiat into crypto quickly and easily.
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.
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.
An additional common mistake is searching for crashed coins, in accordance to their value against the Bitcoin, hoping they will return to their glory prices. So newsflash – there are coins which are light years away from their peak levels. Take Aurora for example; in March 2014 an all-time high price of 0.14 Bitcoin for one Aurora was recorded. As of the time of writing, Aurora trades at a 99.9% discount – 0.00014 Bitcoins. Could the (damned) Aurora make a move upwards 1000x? You’ll never know. You surely can’t assume a coin being lower than its peak price is an opportunity rather than a falling knife. There are also coins which disappeared and slowly got out of continuous trading – a scenario defiantly worth considering (especially with the low-cap and volume altcoins).
You might be familiar with traditional investment funds. These are pools of investor capital managed by a team of professional investors. These specialists use a range of strategies, including the ones we’ve talked about, to earn returns on all of the capital within the fund. Investors in the pool benefit from having access to the skills of the professional traders, while the traders benefit from having much more capital to trade with. It’s a win-win.
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?
We liken our approach to stock investing. Bitcoin and cryptocurrencies are commodities; they are not stocks. They have prices, but they are fundamentally different. The exchange may be the only similarity between the two. We know that the underlying technology powering Bitcoin has potential to be adopted for institutional and retail capital alike. Cryptocurrency’s decentralized nature means that it cannot be shut down or manipulated easily. Many people ask why own Bitcoin, it’s that simple. We believe in the future and so should you. So we’re going long with Bitcoin anticipating capital will continue to flow as it’s potential is realized.
The benefit of a USD wallet on Coinbase is that you can put money in that and then buy coins instantly from the wallet. If you try to buy directly with your bank account, the transaction can take about a week. A credit card doesn’t have this problem, but limits are usually lower on a credit card. TIP: I almost always deposit USD in my wallet as opposed to buying coins directly from Coinbase via my bank account when using Coinbase to buy (I do this on-the-go sometimes). You can also wire money if you need the funds to be in the wallet faster. On that note, I almost always then use GDAX to buy/sell coins when I’m on a desktop (then use Coinbase as my wallet and mobile app).
Disctric0x is a network of decentralized communities and marketplaces, and where each ‘district’ is a decentralized entity on the district0x Network. In other words, District0x allows anyone to create a network of communities (or organizations) with a focus on governance, cooperation and decision making being decentralized. District0x is an open-source software project, and as such, it does not seek to gain profit, but rather focuses all of its attention towards building software that enables development and governance of marketplaces that are powered by the community.
The first thing you need to do before you invest in a crypto is to analyze its trading volumes. As a rule, always go for cryptos that have high daily trading volumes, unless there are some big upcoming news about a low volume crypto. High volumes signal to a Crypto’s liquidity, and the presence of an active community. The problem with low volume cryptos is that in most cases, they lack a strong community backing them, and they can easily get delisted from exchanges, leading to losses.
On the other side of the coin, decentralized exchanges (DEX) remove the middleman – meaning trading is automated and peer to peer. They include IDEX, Waves, Bitshares, and OasisDEX. Unlike their centralized counterparts, there is more of an emphasis on privacy here, allowing you to take further steps to protect your identity. The “trustless environment” on these platforms is driven by smart contracts. Although you retain 100 percent control of your cash through your own personal wallet, losing your private keys could make your funds irretrievable.
Investors can get insights into the fund with the PentaView analysis platform. It’s basically an aggregation of the data regarding the investments and assets within the fund. The cryptocurrency space is constantly evolving and PentaView is a tool to keep users up-to-date. PentaView also gives investors a way to make suggestions to the PentaCore team.
We did it! We made it through all the fundamentals needed to start trading cryptocurrency. I think you might agree that each individual concept on it’s own is not terribly complicated. You might even be thinking: “This sounds really easy! I’m going to be a millionaire by Christmas!” It’s great to be ambitious about getting started, but slow your roll. It’s going to take some work to put all of these concepts together, and the only way to do it is to start trading.
Cheap fees and fast exchanges. For each trade, the exchange platform you’re using will take a small percentage as commission for the service it’s providing. This is inevitable. Where cryptocurrency trades differ from their fiat currency equivalent is in the size of this fee. Because the fees for transferring cryptocurrencies (typically via wallet payments) are cheaper than credit card and bank transfer fees, cryptocurrency-trading fees are cheaper than forex-trading fees.
I am sorry because I am unable to give you a personal recommendation as we are a comparison website and general information service. Your decision would entirely depend on your needs. You will also need to put in the time to learn how each platform works, where each feature is and how to utilize it. Kindly spend some time with it and continue doing your research. You may find a list of trading platforms on the page you’re viewing. You may click the green “Go to site” button and/or the links for you to read more pertinent information about each option.
Maybe one day our fiat money system will go under and be completely replaced by cryptocurrencies. We’re living in a digitalized world and the possibility of Bitcoin or any other major cryptocurrencies to replace the way we pay for the goods and services is not beyond the realms of possibility. However, as long as there are still profits to be made from Forex currency trading we encourage you to read our receipt for Forex trading success: How to Make Money Trading – 2 Keys to Success.
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.
The problem with this approach is that once you sell, you’ve actually lost money (you don’t lose until you sell), and while in some cases, cutting your losses does make sense, most coins will bounce back in days, if not hours, and then the same people, seeing a surge, buy back at higher prices, only to repeat the cycle. Buying high and selling low is a one-way ticket to going broke.
Backed by trusted investors and used by millions of customers globally, Coinbase is one of the most popular and well-known brokers and trading platforms in the world. The Coinbase platform makes it easy to securely buy, use, store and trade digital currency. Users can purchase bitcoins, Ether and now Litecoin from Coinbase through a digital wallet available on Android & iPhone or through trading with other users on the company’s Global Digital Asset Exchange (GDAX) subsidiary. GDAX currently operates in the US, Europe, UK, Canada, Australia, and Singapore. GDAX does not currently charge any transfer fees for moving funds between your Coinbase account and GDAX account. For now, the selection of tradable currencies will, however, depend on the country you live in. Check out the Coinbase FAQ and GDAX FAQ
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.
As Bitcoin heads toward a new all time high, many are eager to reap profits. The ETF disapproval is a sign of changing attitudes for Bitcoin. It was unlikely the SEC was going to approve the ETF. This reinforces how important it is to stay up to date. Get involved; chat on boards, comment on blogs, and follow news on social media. A viable strategy for one person may not work for another. It’s all for naught if you don’t appreciate the power that cryptocurrencys mean.ower that cryptocurrencys mean.
Let’s discuss the correct way of using the order book. A coin’s value is determined by the last executed transaction, at the junction between buyers and sellers, or according to the supply and demand forces. Those supply and demand commands are arranged in a table, better known as the order book. In crypto, it’s all about volatility. Thus, and following the previous tips given in our crypto trading article, when you enter a position it is recommended that you set the sell level to take profits. Alternatively, while aspiring to make it simultaneously, set a stop loss to minimize losses. But how will we know exactly where to place these commands? To identify both resistance and support areas, we start by analyzing the graph at the most basic level. A beginner’s technical analysis article will assist with this task. We identify points where we want to take profit (resistance levels) and simultaneously identify support levels. By referring to the order book we will find the optimal levels at which we will actually place these commands. Note that if support levels break down it is time to cut the losses.
I downloaded the app and under Fund management the first option is to bind bank card BUT THIS is only for Banks in China then the second Option is BIND ALIPAY , but I face issues when I enter my email account (alipay registered email acc) and click submit button nothing Happen. It says “PLS fill your own alipay acc” and “Click the view below and Upload the alipay code”, I fill my info and click to the logo of alipay but nothing happen like what it stated
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!
You could try this instead: Buy and sell on multiple exchanges; then, when you see those moments of indecision in the market, buy more of the cryptocurrency on the exchange with the lowest price, while simultaneously selling some on the exchange with the highest price. That way, your risk is mitigated: if the price rises, you’ve made money, and if it drops, you can buy back in at the lower price.
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.
In this complex chart, you can see the current Bitcoin prices in the upper third. The green lines indicate a rising price, red lines indicate a falling price. The thin blue threads above and below the candle-shaped price indicators are the Bollinger Band. If the candle touches the top, then the value is “overbought” and will likely fall. If it touches the bottom, then the value is “oversold” and will likely fall.