In other words, buy low and sell high via an exchange using limit orders, dollar cost average, set stops if you aren’t in front of a computer, ladder buy and sell orders, use TA, manage risk, preserve capital, watch out for scams, know the tax implications, and consider being conservative in general and not spending your life savings on digital assets.
Keeping up to speed with the news on Cointelegraph, seeking independent ratings on ICOs, and gathering as much information as you can on a coin’s background are essential steps before you decide to make an investment. After making a purchase, monitor any changes in price closely – and consider setting higher and upper limits on when you would want to sell your crypto, mitigating losses in the event of a crash and protecting profits after a surge.
In case, you do not wish to hold the token, you’ll be charged a small fee of 0.1%. Moreover,for depositing cryptos, you’ll not be charged anything but at the time of withdrawing, you’ll need to pay 1% fee with the minimum withdrawal of USD 15. Overall, Bibox offers an easy to use platform for you with a large array of cryptocurrency assets for trading.
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.
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.
The crypto market is a ‘giving’ mechanism, not a taking mechanismAugust 9, 2015How simple it is for amateur traders to hit the buy button, without even the slightest hint of an insight into the hidden forces that impose their will on the movement of price throughout each and every segment of this market. How simple it is to adopt such basic view of the digital currency markets
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.
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.
!function(n,t){function r(e,n){return Object.prototype.hasOwnProperty.call(e,n)}function i(e){return void 0===e}if(n){var o={},s=n.TraceKit,a=[].slice,u="?";o.noConflict=function(){return n.TraceKit=s,o},o.wrap=function(e){function n(){try{return e.apply(this,arguments)}catch(e){throw o.report(e),e}}return n},o.report=function(){function e(e){u(),h.push(e)}function t(e){for(var n=h.length-1;n>=0;--n)h[n]===e&&h.splice(n,1)}function i(e,n){var t=null;if(!n||o.collectWindowErrors){for(var i in h)if(r(h,i))try{h[i].apply(null,[e].concat(a.call(arguments,2)))}catch(e){t=e}if(t)throw t}}function s(e,n,t,r,s){var a=null;if(w)o.computeStackTrace.augmentStackTraceWithInitialElement(w,n,t,e),l();else if(s)a=o.computeStackTrace(s),i(a,!0);else{var u={url:n,line:t,column:r};u.func=o.computeStackTrace.guessFunctionName(u.url,u.line),u.context=o.computeStackTrace.gatherContext(u.url,u.line),a={mode:"onerror",message:e,stack:[u]},i(a,!0)}return!!f&&f.apply(this,arguments)}function u(){!0!==d&&(f=n.onerror,n.onerror=s,d=!0)}function l(){var e=w,n=p;p=null,w=null,m=null,i.apply(null,[e,!1].concat(n))}function c(e){if(w){if(m===e)return;l()}var t=o.computeStackTrace(e);throw w=t,m=e,p=a.call(arguments,1),n.setTimeout(function(){m===e&&l()},t.incomplete?2e3:0),e}var f,d,h=[],p=null,m=null,w=null;return c.subscribe=e,c.unsubscribe=t,c}(),o.computeStackTrace=function(){function e(e){if(!o.remoteFetching)return"";try{var t=function(){try{return new n.XMLHttpRequest}catch(e){return new n.ActiveXObject("Microsoft.XMLHTTP")}},r=t();return r.open("GET",e,!1),r.send(""),r.responseText}catch(e){return""}}function t(t){if("string"!=typeof t)return[];if(!r(j,t)){var i="",o="";try{o=n.document.domain}catch(e){}var s=/(.*)\:\/\/([^:\/]+)([:\d]*)\/{0,1}([\s\S]*)/.exec(t);s&&s[2]===o&&(i=e(t)),j[t]=i?i.split("\n"):[]}return j[t]}function s(e,n){var r,o=/function ([^(]*)\(([^)]*)\)/,s=/['"]?([0-9A-Za-z$_]+)['"]?\s*[:=]\s*(function|eval|new Function)/,a="",l=10,c=t(e);if(!c.length)return u;for(var f=0;f0?s:null}function l(e){return e.replace(/[\-\[\]{}()*+?.,\\\^$|#]/g,"\\$&")}function c(e){return l(e).replace("<","(?:<|<)").replace(">","(?:>|>)").replace("&","(?:&|&)").replace('"','(?:"|")').replace(/\s+/g,"\\s+")}function f(e,n){for(var r,i,o=0,s=n.length;or&&(i=s.exec(o[r]))?i.index:null}function h(e){if(!i(n&&n.document)){for(var t,r,o,s,a=[n.location.href],u=n.document.getElementsByTagName("script"),d=""+e,h=/^function(?:\s+([\w$]+))?\s*\(([\w\s,]*)\)\s*\{\s*(\S[\s\S]*\S)\s*\}\s*$/,p=/^function on([\w$]+)\s*\(event\)\s*\{\s*(\S[\s\S]*\S)\s*\}\s*$/,m=0;m]+)>|([^\)]+))\((.*)\))? in (.*):\s*$/i,o=n.split("\n"),u=[],l=0;l=0&&(v.line=g+x.substring(0,j).split("\n").length)}}}else if(o=d.exec(i[y])){var _=n.location.href.replace(/#.*$/,""),T=new RegExp(c(i[y+1])),E=f(T,[_]);v={url:_,func:"",args:[],line:E?E.line:o[1],column:null}}if(v){v.func||(v.func=s(v.url,v.line));var k=a(v.url,v.line),A=k?k[Math.floor(k.length/2)]:null;k&&A.replace(/^\s*/,"")===i[y+1].replace(/^\s*/,"")?v.context=k:v.context=[i[y+1]],h.push(v)}}return h.length?{mode:"multiline",name:e.name,message:i[0],stack:h}:null}function y(e,n,t,r){var i={url:n,line:t};if(i.url&&i.line){e.incomplete=!1,i.func||(i.func=s(i.url,i.line)),i.context||(i.context=a(i.url,i.line));var o=/ '([^']+)' /.exec(r);if(o&&(i.column=d(o[1],i.url,i.line)),e.stack.length>0&&e.stack[0].url===i.url){if(e.stack[0].line===i.line)return!1;if(!e.stack[0].line&&e.stack[0].func===i.func)return e.stack[0].line=i.line,e.stack[0].context=i.context,!1}return e.stack.unshift(i),e.partial=!0,!0}return e.incomplete=!0,!1}function v(e,n){for(var t,r,i,a=/function\s+([_$a-zA-Z\xA0-\uFFFF][_$a-zA-Z0-9\xA0-\uFFFF]*)?\s*\(/i,l=[],c={},f=!1,p=v.caller;p&&!f;p=p.caller)if(p!==g&&p!==o.report){if(r={url:null,func:u,args:[],line:null,column:null},p.name?r.func=p.name:(t=a.exec(p.toString()))&&(r.func=t[1]),"undefined"==typeof r.func)try{r.func=t.input.substring(0,t.input.indexOf("{"))}catch(e){}if(i=h(p)){r.url=i.url,r.line=i.line,r.func===u&&(r.func=s(r.url,r.line));var m=/ '([^']+)' /.exec(e.message||e.description);m&&(r.column=d(m[1],i.url,i.line))}c[""+p]?f=!0:c[""+p]=!0,l.push(r)}n&&l.splice(0,n);var w={mode:"callers",name:e.name,message:e.message,stack:l};return y(w,e.sourceURL||e.fileName,e.line||e.lineNumber,e.message||e.description),w}function g(e,n){var t=null;n=null==n?0:+n;try{if(t=m(e))return t}catch(e){if(x)throw e}try{if(t=p(e))return t}catch(e){if(x)throw e}try{if(t=w(e))return t}catch(e){if(x)throw e}try{if(t=v(e,n+1))return t}catch(e){if(x)throw e}return{mode:"failed"}}function b(e){e=1+(null==e?0:+e);try{throw new Error}catch(n){return g(n,e+1)}}var x=!1,j={};return g.augmentStackTraceWithInitialElement=y,g.guessFunctionName=s,g.gatherContext=a,g.ofCaller=b,g.getSource=t,g}(),o.extendToAsynchronousCallbacks=function(){var e=function(e){var t=n[e];n[e]=function(){var e=a.call(arguments),n=e[0];return"function"==typeof n&&(e[0]=o.wrap(n)),t.apply?t.apply(this,e):t(e[0],e[1])}};e("setTimeout"),e("setInterval")},o.remoteFetching||(o.remoteFetching=!0),o.collectWindowErrors||(o.collectWindowErrors=!0),(!o.linesOfContext||o.linesOfContext<1)&&(o.linesOfContext=11),void 0!==e&&e.exports&&n.module!==e?e.exports=o:"function"==typeof define&&define.amd?define("TraceKit",[],o):n.TraceKit=o}}("undefined"!=typeof window?window:global)},"./webpack-loaders/expose-loader/index.js?require!./shared/require-global.js":function(e,n,t){(function(n){e.exports=n.require=t("./shared/require-global.js")}).call(n,t("../../../lib/node_modules/webpack/buildin/global.js"))}});
We cannot say when you have lost a trade in cryptocurrency trading. 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 everything you’ve invested. Never invest more money than you are willing to lose. You should consider any money you put into a trade as lost.
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!
The basic idea of this strategy is, “get out until the carnage is over.” When the crypto-market is under fire, non-crypto assets will appreciate in value compared to cryptocurrencies. Moving some of your portfolio over to fiat currencies (or something else) will protect it from a declining cryptocurrency market. This is similar to how investors buy gold as a safe haven in times of stock market turbulence. When the storm is over, you can buy back your assets at a lower price. It’s always a good idea to keep a diversified portfolio.
Trading on low-volume days in the market could incur substantial slippage. People who make trades — especially large trades — on low-volume days often will not find many partners on the other side of the order book willing to make that trade. The result is that they could end up paying much more for the trade than expected, incurring slippage in the process.
As we learned before, identifying one identifier does not make an opportunity. Technical analysis is your friend. If you’re trading with the breakout strategy, and you see a pattern that signals a possible breakout forming, use multiple indicators like volume and RSI to verify your hypothesis. If you check for 3 indicators and 2 of them confirm your hypothesis, only then should you feel confident opening a position.

TIP: A cryptocurrency wallet is a place where you store encrypted passwords that represent coins (the equivalent to storing money in a bank account). A cryptocurrency exchange is like a stock exchange or like a currency exchange in a foreign airport (a place people can trade cryptocurrency for other cryptocurrencies and fiat currencies like the US dollar). Just like if you want to trade stocks you need a bank account and access to the stock exchange, it is the same deal with cryptocurrency.
Cryptocurrency exchanges are websites where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euro. For those that want to trade professionally and have access to fancy trading tools, you will likely need to use an exchange that requires you to verify your ID and open an account. If you just want to make the occasional, straightforward trade, there are also platforms that you can use that do not require an account.
While these rules are by no means the only lessons you need, they’re definitely a great starting point. Sometimes, though, things are easier said than done, such as watching your portfolio value plummet and still having the iron willpower of resisting the sell button. One of the best solutions I’ve found to this was to join a community of like-minded cryptocurrency investors. Educated and smart crypto-traders, as well as the community members, will all be there to support your efforts and will be holding with you in the rough times.
×