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.

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.


LocalBitcoin is a P2P Bitcoin exchange with buyers and sellers in thousands of cities around the world. With LocalBitcoins, you can meet up with people in your local area and buy or sell bitcoins in cash, send money through PayPal, Skrill or Dwolla or arrange to deposit cash at a bank branch. LocalBitcoins only take a commission of 1% from the sellers who set their own exchange rates. To ensure trading is secure, LocalBitcoins takes a number of precautions. To start, the platform rates each trader with a reputation rank and publicly displays past activities. Also, once a trade is requested, the money is held on LocalBitcoins’ escrow service. After the seller confirms the trade is completed the funds are released. If something does happen to go wrong, LocalBitcoins has a support and conflict resolution team to resolve conflicts between buyers and sellers. Check out LocalBitcoins FAQ

The other major risk to be aware of is that hackers are always looking for vulnerabilities to exploit. One example is the more than $30 million worth of Tether coins that were stolen. The most surefire way to ensure the safety of your coins is by using a hardware wallet such as these by Ledger. Keep in mind that this will slow down your ability to trade those coins, as you will be transferring them between the device and your exchange accounts (more on wallets and exchanges soon).
The day I first heard about Bitcoin on Reddit, a friend had also called me to tell me about it. We spent most of our friendship talking about Ayn Rand and programming, so when we heard about a currency that was software and couldn’t be controlled by governments we were very interested. I purchased $600 worth of BTC and my friend and I planned on buying a mining rig.

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.
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.
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.
Why is it necessary to do this way? When you go shopping, you try to find the best prices looking for discount programs, bonus campaigns and other ways to minimize your expenses. When dealing with crypto trading, you have no need to compare prices in different places as the cost is on the chart already. All you need is to understand whether this price is suitable for you or not.

Market orders allow us to exchange any amount of coin right away at the current market price. Orders are filled using the best available price in the exchange’s order book. For example, if you placed a market buy order for $100, it would buy from the lowest priced sell order(s) until you had used that $100. The advantage is that this transaction is always completed immediately; the disadvantage is that we don’t know exactly what price we are going to get.

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.

Trading strategies are there to provide objectives for traders to earn more with lesser capital; just like how a successful business should operate. There are a lot of trading strategies that are being written all over the internet today, but what we’ve noticed is that most of these so-called “strategies” are just plain common sense; something that is hard to come by nowadays.
This link explains how to use moving average analysis to identify potential opportunities. The short version is that if we see the EMA cross above the SMA and begin shooting upwards, we know that the price is beginning to beat the trend, forcing the trend to change directions. This can make these cross points a good entry point for a trade. Similarly, a good exit point for a trade is usually when the EMA crosses below the SMA.
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.
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.

I prefer to trade on decentralized exchanges. For myself, I made a choice in the form of ethnermium.сom. They have a huge number of coins. There are no minimum restrictions on trade and fees are so insignificant that you will not notice them. I also think the advantage of the easy creation of a wallet like MeW and easy integration with metamasks and a high level of security
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On April 12th, 2018, Bitcoin’s (BTC) price jumped over 10% in a single minute. If you’d been properly positioned with a good strategy, you could have made a single trade and increased your position’s value by 10% almost instantly. On the other hand, if you were shooting in the dark and didn’t have a strategy, you could have taken a big hit in 60 seconds.
The Coinbase smartphone app, however, offers a diverse feature set beyond what the Coinbase website delivers. Using the Coinbase app, which is available for both iOS and Android devices, it’s possible to purchase and store Bitcoin via in-app purchase functionality. In addition to Bitcoin, the Coinbase app also offers investors the ability to purchase either Etherium or Litecoin, the two most popular altcoins on the market.
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.

So it comes as no surprise that this new generation are exhibiting all the same traits and mistakes that sucked the previous generation of new investors and generations before them through the financial wood chipper. Now a funny event in the last few days made me think running over some classic errors of judgement for this new generation might have some benefit.
Read Part 3 of BTCManager’s series, ‘A Guide to Trading Cryptocurrency,’ here. In Part 4, we look at a very easy to pick up technique that, like the Ichimoku Kinko Hyo, originates from Japan. Renko charts are another Japanese technique that is easy-to-use and reliable for making profitable trades. Similar to candlestick charts, Renko charts are even easier to analyse…

Similar to investing, diversification is king. To lower possible trading risks, it’s better to distribute your money into different cryptocurrencies. While some grow, some will fall and by not putting all your money on single bet you can balance the losses. That said, trading requires research and tracking changes and there are a lot of cryptocurrencies — which means a lot of research. Start with a few and expand slowly.
So I decided to take a peek at github, here's what I saw 11,200 repositories for bitcoin vs 3,563 for ethereum. **for non technical folks - repositories are where developers are storing code for projects** However, you have to note that Bitcoin was released in January 2009 and Ethereum was released in July 2015. Total volume isn't the best measure, let's take a look at the languages used.
Crypto is really unpredictable. While reaping profits of hundreds of percent, the section withstands now and will continue getting dozens of billions of dollars erased flat out in the future. When Bitcoin loses its value against the US dollar Altcoins usually go through the same process. Simple math shows that even holding a part of the portfolio in Altcoins, such as Ethereum and Litecoin, is usually not enough to avoid getting a big chunk of the portfolio’s USD worth wiped out following a Bitcoin dump.

We know firsthand what it’s like to kick yourself over trades that haven’t worked or worked spectacularly yet not have the desired position size. All you can do is live in the now, the past is over. After all, hindsight is 20-20. It would’ve been nice to go all in when Bitcoin was $600 a year ago and cash out on a high return, but that’s not how it works. Imagine if you bought in 2013 when Bitcoin was 1,000, panicked when it dropped to 200 then sold? Imagine that sting. Hindsight is 20-20, we can’t predict the future. Learn from past successes and failures and apply it moving forward. Here are some tips, in our experience, for new cyrptocurrency investors.
Another thing I need to make clear is the type of trading I do - day trading. My base currency is Bitcoin, which I use to buy Altcoins like Ethereum, ZCash, Golem, etc. When I make a trade to buy an Altcoin with BTC, I could end up selling the Altcoin back for BTC within a matter of minutes or hours. All of my profits are converted back into BTC at the end of each trading day.
You could try this instead: Be sure to watch an exchange’s order book to better understand the actual prices you can get for the amount of cryptocurrency you’re trading. Consider breaking your order into smaller pieces to get a better price, or use a trading algorithm that lets you execute your larger order as a stealth order at the top of the order book.
Now, about mean reversion. When looking back at charts for cryptocurrency trading from the times gone by, most of the plays have been in the momentum category. If we have the condition for mean reversion with a range-bound environment, one should be very cautious when we have momentum. If everyone else is buying and you’re trying to sell you are going to get run over as if standing on the tracks in front of a freight train.
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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.


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.