In my opinion choose only exchange that have feature of stop loss because crypto has too high fluctuacion and the market open 24/7 but we can not spend all the times to watch it. So with stop loss we can cut the loss automaticly when the price dump. I used Binance, Bittrex, Poloniex and Gate.io .
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I bought Bitcoin first in 2015 when the price about $300, in this year the price already dumped hard. We can see it from the historycal price of Bitcoin since 2010, the price of Bitcoin already many times dumped hard to 90% and after that the price going up to the new level high. According to historycal price of BTC in 2014-2015 , in this year the price of Bitcoin will move stagnan and in the end of year will going up to the top again and in next year will going to the new level high.
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There are good news coming that bring new institutional investor to the crypto market. And that investor will easy to pump the crypto market because they has big money and the market cap of crypto still very low. Keep patient waiting for next bullish so we can recover loss and make profit.
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Yes last year many youtuber and expert has prediction the price of Bitcoin will keep going up to $50k in the end of 2018, but the fact is far from it the price of Bitcoin come down to the new level low. Dont believe any prediction and use own analysis to make better decision and dont forget to learn more about risk management.
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I only use crypto exchange that have feature of stop loss, because with this feature i can manage the risk from unpredictable price action of crypto. So is better add this feature to attrack more trader.
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HitBTC is one of the top 10 exchange according to daily trading volume. I hasbeen use it for a few years and they working well so far. If you have any question and problem you can ask in their new telegram official to get faster respon.
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In my opinion we can say the crypto in bull market if the price going up 5x to 100x just like in 2017, and if the crypto just going up 10% to 30% and then going down that i will call only uptrend.
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I will buy and hold 3 different coin with different portfolio, 50% for Bitcoin, 25% for XRP and others 25% for ETH. This all coin is always 3 top ranking since afew years and in the long run all of this will keep on that ranking. In 10 years i think the total market cap will be increase to 5 to 10 trilliun dolar, so thats coin will be huge.
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I did the same thing because iam loss too much money. There no other way just hold it for long term untill next bull market coming. I never sell my coins in big loss because i believe this is market cycle and bull market will coming later. I will keep holding for next 1 to 2 years until bull run coming.
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Currently ETH still bigger than EOS and in next afew years still become better one because ETH development keep running to upgrade the technology, just like hardfork to change POW to POS and later they will solve scalability issue.
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Crypto Trading CFDs is margin trading that will be more risky than spot trading, we have to try it first in demo account to know how many times of leverage and the lot we should be use. With more higher volatility than price action of forex , the good idea to use leverage in crypto margin trading is 3x to 5x leverage.
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In my opinion Bitmex does not make any effect with price of Bitcoin because when we trade there we are not really make transaction with real physical Bitcoin. We make deposit by Bitcoin and use that BTC to buy contract, just similar like trading on the metatrader platform.
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Proof of joined post Bitcointalk username: enawati Campaign in which you participate: Signature Campaign ETH address: 0x954B1ccDF26a1ab2A1272fBf4E0563355A0e9de2
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Some people afraid to make invest in crypto because they dont know what is Bitcoin and others crypto actually, they said that like MLM or ponzi scheme. They really dont understanding what is Bitcoin and what the benefits, and they just said fraud because some non legit crypto did bad thing in crypto space, like ONECOIN or others ponzi coin.
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For swing trading will be more easy than day trading, we have to understanding the trend of crypto market, for now that all crypto already going down to more than 80% so we have chance to make alot of profit when the price back to the highest. Buy now and hold it untill reached the top price, keep patient and dont be greedy make possible to earn profit up to 10 times.
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I agree with that, because by keep learning we will know the mistake in trading and we will find the solution for that. No one trader never make mistake and no one trader will become expert trader by instant, all need times, through proccess and keep learning.
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In my opinion to be expert trader we should be learn it direct with expert trader, so we will have the same skill and knowledge the same like them. Its necesary to join any trading cource and join trader community to sharing trading strategy with others trader.
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Crypto market will be back for bull run because bearish and bullish is normal cycle in crypto market. This market still young and will keep bigger and will become multi trilliun dollar in afew years. Alot of new milyuner was born from crypto market and the number will increase.
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Binance already has stop limit function that we can use it for stop loss and trailling stop, and so far not all exchanges offer this function. Binance is good exchange for day trading and swing trading because also have very high trading volume and and lower spread and trading fee than others exchanges.
Feature of stop limit in Binance only possible to use it for stop loss, but we can not use it for SL and TP at the same times, but i just know exchange of gate.io has Price condition feature that we can use for SL and TP at the same times so trading will be more profitable, less risk and easy.
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I will chooce crypto trading because the fluctuacion is higher , so i can also make money by higher profit. In bull market we can make profit about 500% to 1000% amonth, so from crypto trading is possible to change our financial to be much better.
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