Taking the first option listed above, which is to buy the underlying, you become the direct holder of the digital asset. Upon purchase, the cryptocurrency is sent to your bitcoin address or account (wallet) with the exchange. From there, you can transfer the crypotocurrency to any bitcoin address or wallet address using your private key that verifies you control ownership of the asset.
Technical analysis is the study of past price patterns. This will allow us to identify opportunities for profit. The cryptocurrency market, maybe more than any other market, has a herd mentality. The tendency, especially with inexperienced traders, is to buy when the price is raising, and sell when the price is dropping. We can take advantage of this with technical analysis.
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.
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Technical analysis: . ZCOIN/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of ...
The next thing we’ll need to do is deposit fiat currency into our account. The easiest way to do this is by adding a bank account. Once you’ve initiated the deposit, it will take 4 business days to appear in your account. Kind of a bummer, I know; but the idea is to only need to do this once, as we’ll be growing this initial investment day by day with our trades.
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
Watch out for odd Altcoins and ICOs. The market is tricky enough with the major coins, it is even trickier with odd alt coins and ICOs. Yes, sometimes you can buy these low and see insane gains. In fact, getting it right is the best bet in crypto. The problem is, almost all the odd coins down the list and ICOs will spend the majority of their life being near worthless. Then, you may see a short time span in which these coins preform well. You would think that you would be able to take profits then, but so many people do not. After that one event these can end up in the graveyard. Yeah, you could make it big on low cost alts and ICOs… but I’ve seen more than a few people lose money. Be careful bottom fishing, Bitcoin might not make you rich, but it is a way less risky bet than coins further down the list.
And remember, you don’t have to buy a whole coin — you can buy fractions of coins. The top coins are expensive, so consider buying fractions of a coin to start if you don’t have a big bankroll. It has historically been a mistake to buy only ETH and LTC because BTC costs more. You should consider which one is most likely to increase in and retain value.
Ethereum bounced from the demand zone twice forming a tweezer bottom BUT was unable to close above the EMAs, which does not bode well for bulls. The support level near the channel bottom and FIB seems to be holding so far but signs of resistance are creeping in. MACD signal line is trying to crossover bullish and histo has just now turned gree, however, RSI ...

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.


What are Confirmations? How to Time the Bottom of a Market Super Simple Bitcoin Explanation What Does “HODL” Mean? The Top Cryptocurrencies That Aren’t Bitcoin The Ethereum Classic Investment Trust (ETCG) Explained How to Short Bitcoin and Other Cryptocurrencies What is “Alt Season?” How to Buy Bitcoin and Other Cryptocurrencies (Simple) What are Sats?
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.
Read Part 2 of BTCManager’s series, ‘A Guide to Trading Cryptocurrency,’ here. In Part 3, we look again at another complicated trading style that focuses on your inner self and human behavior. Markets are chaotic. Cryptocurrency markets, even more so. But just because the markets are random and sentiment can shift rapidly does not mean you cannot profit from fluctuations…
You do not need to right away choose the first exchange option you see on Google search. Take your time to research as different crypto exchange platforms available in the market vary from each other in terms of functionality and style of trading they offer. To save your time, I’ve listed below the different types of cryptocurrency exchange platforms that’ll help you get a better idea:
Suppose you’re watching BTC’s chart and notice multiple Doji candlesticks, a classic indicator of indecision in the market. You have a feeling from a few other indicators that the price is about to rise, so you buy more Bitcoin — but alas, the indecision swings the other way, and you’ve lost money (but hopefully not that much, since you’re placing stop-loss orders!).
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.

They’re committed to safe and secure trades, because at the end of the day, you’re trusting your money with them. They understand that, and they take that very seriously. Their system is 100% proprietary, has been stress tested and DDoS tested, and they have never lost a single coin. They also maintain a ledger themselves in the interest of ensuring that they know where every coin – whether Canadian or ethereum – is at all times.
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.
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.
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Follow us on Twitter, Join us in Telegram. Stay tuned. #buymorebitcoin
BitForex has a prime goal to accomplish the highest return from the activity on the foreign currency exchange (Forex) and cryptocurrency exchange markets. The platform is mainly for those who would like to venture into the world of online forex trading and cryptocurrency trading through modern cloud mining platform. In addition, the platform offers affordable and safe investments. With a team that works tirelessly, they ensure that each client gets the attention and support he or she deserves to reach great success and growth throughout their
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.
Good traders acknowledge their mistakes, and more importantly – analyze and learn from them, thus improving their skills for understanding the market. So which kind of trader are you? Did you find yourself somewhere in the article? We would love to hear on the comments section below, and you are welcome to share this article with whoever you see as relevant.
Known for handling one of the largest Bitcoin volumes out of all the crypto exchanges globally, Bittrex allows you to decide the trading rates with a service fee of around 0.25%. Moreover, a lot of your time will be saved as the verification process in Bittrex is pretty fast which allows you to start the trading process without any major halt. The platform supports two types of accounts namely, Basic and Advanced with withdrawal funds up to 3 BTC/day to 100 BTC/day, respectively.
In stocks, it makes sense to sell losers, but that isn’t always true in crypto. In stock trading, if a company is not doing well, it can be smarter to sell their stock and buy a stock that is doing well. In crypto, big changes can happen quickly. A bearish coin can make a turnaround at any support level or based on some good news or rumors and make 100% gains in a matter of hours. If you aren’t trading frequently and aren’t at a computer 24/7, it can be a solid move to slowly build a position in a coin that isn’t doing well, but that you think is a good long-term bet. The only exception to this rule is this, if you understand TA, it is generally wise to ladder out when all the short term averages have fully crossed under the long term and in when they have crossed over. Your goal is still the same, to build a position low and hold until highs, you are just practicing some risk management in between. This added measure helps protect you from long bear markets. In other words, only sell losers if you have a logical reason and trust yourself to buy back in. If not, focus on building average positions (but plan for the worst before it gets better). Bottomline on this: Stocks move much slower than cryptos. So a loser sold now and shifted to a winner can mean months upon months of rewards. Cryptos tend to move fast and go into bear and bull mode in groups and go on runs at the blink of an eye. Sell a loser today and shift it to a winner, and trends could be changing by the time you wake up. It isn’t that you should never sell the losers and buy the winners, it is that it is trickier in crypto than it is in stocks and the same logic doesn’t apply exactly.

Bittrex is a US based crypto exchange platform that allows you to trade in large numbers of trading pairs. You’ll also be able to get all the major cryptocurrencies on the platform including litecoin, darkcoin, and nextcoin. Along with this, it also offers Ethereum and Neucoin. If you are looking for a platform that offers reliable security, then Bittrex is the right choice for you as it offers 2FA and is well-regulated and compliant with the rules of the United States.

Dad Advice: Don’t invest more than you can afford to lose. No really, there will be many great investments in your lifetime, there has been in Bitcoins lifetime. Bitcoin doesn’t cost $225 anymore. The chances that you’ll never have to work again if you invest your life savings in Bitcoin aren’t non-existent, but they aren’t as good as they used to be. If Bitcoin ends up down, you’ll be hodling the bag while others are on to better and brighter pastures.

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.

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.
At Crypto Investing Insider, our passion is trading and our goal is for every member to be successful. We search through hundreds of cryptocurrencies every month and only select a few to move on. We look for innovation, joint ventures, mass adoption and provide in depth technical analysis. We look for coins that have long term potential, but we waste no time selling on spikes, locking in profits, and adding more coins to our portfolio without having to add any more capital.
While Ethereum focuses on dapps and Ripple on ultra-fast finances, Monero focuses on – privacy! This technology actually uses cryptography to protect all incoming and outgoing addresses, as well as the transmitted amounts. Monero is an all-in-one solution for all privacy enthusiasts, and as such, it holds tremendous potential for great success in the crypto world. Monero is my favourite coin.
It’s important to realise that you need to do your own research and come up with your own strategy for cryptocurrency trading. If you are short on time and want to play it safe; the easiest cause of action is to simply diversify into several different coins and then wait a year or more. However, if you want to maximise profits you should learn how to swing trade cryptocurrency.
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.
Technical analysis is not the be-all end-all of trading. It’s a tool to help you. Studying charts for hours trying to find patterns is not what’s going to make you money. Zooming in from a 15-minute chart to a 5-minute chart to find a pattern that’s not there is probably going to lose you money. Technical analysis works a good amount of the time, but don’t blindly follow it. If signals point to a trade that you don’t feel right about, it’s best to trust your gut and live to fight another day.
Understand blockchain – You don’t need to understand the technical complexities, but a basic understanding will help you respond to news and announcements that may help you predict future price movements. It is essentially a continuously growing list of secure records (blocks). Cryptography secures the interactions and then stores them publicly. They serve as a public ledger, cutting out intermediaries such as banks.
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