Crypto trading is buying and selling cryptocurrency to get profit, buying at lower price and selling when high price. Its easy to do it, but the difficult thing is to get consistent profit. And usually the mistaken that are often made by the trader is not able to manage emotions like greedy, do not determine the area of stop loss, easily panic and believe in the existing FUD.
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I also hold POWR Token for longterm investment because my prediction the price still able to going up to $2, the fundamental of this project is strong. The team behind it is professional, aim of the project that interesting and Australian support this project. And other thing they has working product already in Australia and New Zealand, then plan to India. And they has staking program that will give many benefits to the investor.
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I think so, ICO is too big in determining hardcap target. I do not understand why ICO needs too much money, whereas there are some ICOs that are still just plans and dont have working product yet. The money is in use for what, probably all ICO should reduce the hardcap targets and maximize the quality of products that have been planned to give more benefits and profit to the investors.
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Difficult to find good investment company now, I think much better to invest in Bitcoin self. But if you are would like to try some investment with fix montly profit can be Bitconnect lending is best option, but I dont know excatly there are legit investment from really bot rading or just ponzi scheme. But will be good if you put your Bitcoin there maksimum 5% of your total Bitcoin.
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Will be many option to increase BTC but in my opinion from bounty and day trading is best way to make Bitcoin. By doing This 2 thing with focus, keep learning and patience will be give good result. Trading indeed is big risk but with patience and always learn from mistakes will make us become more expert and can manage psychilogis well.
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I think you have to understand about charting and some indikator and the function, this is important when first start to learn trade in technical analysis. And to learn it its easy just google it or learn it from some video in youtube. Then the most important is learn how to manage the emotion, because many trader lose their money because of this. Greedy trader is mean far from consistent profit. Other way you can sharing with other professional trading in some telegram group to learn about technical analysis.
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I think not so easy, to trade Bitcoin is difficult for me because when do Bitcoin day trade you have to analysis the chart and its fundamental like some news about Bitcoin, then you have decide which price to buy and sell. Should be really understand about price action and have good psikilogis like patient and dont be greedy. Other thing for day trade we should have full time to analysis the charting. And actually for beginner, swing trading or hold Bitcoin for longterm will be more profitable than day trading because the price of Bitcoin strong bullish in the longterm.
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Many ICO failed because they doesn't have working product, only plan in their white paper. So now important to make investment in ICO that has working product already and the team behind it should be professional and transparan. And I think very important any regulation of ICO to protect investor from fraud and so that ICO will more in quallity of product and give many benefit to the investor.
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Firstly you have understand about technical analysis, this knowledge is important to read and to know the price in over sold area or in overbought area. And also understand about candlesick pattern, price pattern, some indikator and price action. This technical analysis important to understand when we do short term trading , and for longterm trading we should be analysis the market from its fundamental. Other more important thing in trading is risk management and good psikilogis like always patient and do not greddy.
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Before jump in to altcoin trading I was learn about technical analysis in forex trading, and because I feel altcoin trading is more easy than forex so I move to altcoin trading started by amount $1,000 about 6 month ago. During this periode first month I earn much profit about 200% but second month I got lose until third month, because Im made some mistake and greedy, then for next a few month remaining I make some profit again and now my money become about $5,000 . This not bad compared result in forex trading.
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In my experience with Poloniex this is good exchange and never problem wih them, but now I heard the verification procces so long, I think this is because they has increasing more customer and they can not handle it, A few year ago when the has customer around 4,000 trader is very easy and fast to get verified. But other exchange like Bittrex will be good to get fast verified account.
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Altcoin trading promising high profit but also will be high risk, so always use amount of money willing to lose. I think in trading more important is strategy and risk management, if you expert already you can start with bigger amount, but if still newbie in trading much better use amount by minimum like $100 so when you lose, not really effect with your psikilogis.
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In my opinion ETH is more strong and more popular than LTC, but both actually good for longterm investment. These altcoin is my favourite coin that I believe will be huge in the future because development of these coin done by professional and solid team. By make investment in portfolio 60% for Ethereum and 40% for Litecoin I think will be great idea.
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I been invested in some ICO and the result 70% of all that ICO given me profit. This is depend on the your analysis that you did, if your really understand about the fundamental of the project and if you learn about aim of the project. Then if you have good money management and risk management , so investing in ICO will promising profit. And other important think is always use money willing to lose to invest in it.
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In my opinion Bittrex is better one because the volume there is bigger than EtherDelta, and also in Bittrex available 3 paired altcoin that is BTC/altcoin, ETH/altcoin and USDT/altcoin, and for beginner trader is more easy to trade in Bittrex with paired USDT, because will be analysis the price of 1 coin only which is traded, because the price of USDT is fixed. And also in EtherDelta only available ERC20 token, so if you would like to trade others coin like WAVES, Bitcoin Cash, Ripple, Dash, Litecoin will no available there.
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I used multiple exchange but not for arbiratge, because arbiratge promising small profit and need long time confirmation when sending it. I used multiple exchange because some times there are good and potenial coin not listing in my currenct exchange, so I will move to other exchange.
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Good idea to buy Bitcoin is when the price drop about 10%, because trend up of Bitcoin is strong, then you can trade use that Bitcoin to increasing amount of BTC. For altcoin trading much better do short trading especially altcoin that paired with BTC because the price of Bitcoin bullish trend all the time. I think just take profit between 10%-20% is enough and more safe, dont be greedy then you will win.
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For centralized exchange for the better choose exchange that has full regulation, like Bittrex,Poloniex, Liqui, Binance, Bitfinex, Cryptopia, HitBTC. But I personality used Bittrex because here the volume is bigger than others and Bittrex also has full regulation based USA. And for decentralized exchange I used EtherDelta, in this exchange available all ERC20 token and this also good exchange because we got the private key, so we have full control of our money there.
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