Trading needs a lot of strategies like patient, making a research or anything that can help to you to grow your money.
Trading is not easy need a lot of knowledge there before you start better if you have some knowledge before to start it because if you do not have enough knowledge can cause losing your capital.
All these even starts with a very great knowledge. This knowledge is one thing a lot of people do not have because they always refuse to learn most of the time. What some people just want to do now is to hit the exchange and expect to start making money from the fluctuations by buying low and selling high which is not a strategy. Even if you are buying or selling, there are certain things to be looked at to help fuel that decision, and the truth is that so many people usually discard that and end up facing the consequences. There is not any secret thing in trading now all you need is to follow the basic market language, strategies according to different market situations, rules and guiding principles. Trading with less valuable currency or coins will give you less return while more valuable currencies will give you huge returns and valuable coins are two which are favorable for long term, Bitcoin and Ethereum. |
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it might be that many people want big profits so he spread fud about crypto and makes everyone panic and sell his assets, when the btc value goes down then he will buy it and wait till its value goes back up.
Price will face with upheaval situations and it faced and has been facing which is our fault, though there is nothing to worry but we all are foolish to make irrelevant decisions being educated. I have concerned on people as they sell directly without looking at market price which is low these days and they sell immediately as the price increases a little and this act declines the price further. |
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I think btc is safest place to hold money, if price of oil will go down-money will come in btc,right now oil is interesting by high price because a lot of cars in the world use fuel. In future most expensive and valuable resource will be electricity,because of electric cars and cryptocurrency
Oil is not a currency and is not an easy source in which we invest our money but on the other hand the Bitcoin is an easiest source where you do not have to make arrangements but just investment is required. There is no connection between oil and Bitcoin as we know that Bitcoin is a currency and decentralized so only its demand has great affect on its price, the more we demand the more increase will occur in price. |
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I started off with low financial funds so the best cryptocurrency for me, to begin with, would be that which was one of the top currencies but also one which was valued low, and that was the only ripple so I purchase 100 USD of ripple but over time after I understood the market my investment increased tenfold.
This is better strategy to start with low financial growth. Actually the thing is, when a newbie get interested in this world of bitcoin and wants to go for trading specially, he must needs to fulfill some basic requirements. He must follows some other instructions too that can define plan and he seems to be observant. So better is to make good plan and stick to it for most of the time. |
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does it vary for different coins? I'm asking because if I want to day trade I want to make sure its doable. Someone told me it takes a long time to have a buy go through and a sell.
EDIT: Ive added this because it seems not everyone reads all the replies, I had posted two more posts to clarify. ill just throw it in here for now.
I should have clarified,
If I want to buy AT MARKET PRICE for example if LTC takes a dip and goes down to $300 and I buy right when the dip starts to recover at $305 and it goes back to baseline of $350 and then SELL... in essence if I only bought one LTC I just made $45
$305LTC - $350LTC= $45USD
Thats why I asked about how long it takes to buy and sell LTC-BTC-ETH Usually the dips happen and they recover in a couple minutes. If I can't BUY at market price when it dips and then sell at market price when it recovers then my friend was right but I'm in the dark because i havent done it myself and IM RELYING ON ALL YOUR KNOWELDGE!! Which I appreciate immensely.. I love forums and have learned many different things for being part of a community and I know if I have info on something to share it as I did at the bottom of this post about coinbase USD transfers to gdax.
I am going to start with around $100-300usd and do some test buy/sells.. I've been studying the charts and I am pretty confident in my chart analysis.. I am a newbie with crypto but I have day traded (not much but i understand it) with my brother on the stock market.
I also learned through my own playing around on coinbase and GDAX that there is a work around to buy the price of crypto at market price instead of coinbases inflated price by using GDAX
1. transfers from coinbase of USD currency have no fees. therefore I can fund coinbase and transfer USD to GDAX instantaneously and get away from the inflated coinbase price. As far as what I read this seems possible but until my USD funds are in coinbase I will not know if it actually works if it does I will report back and make a thread about it so people can save money on their first purchase.
Im still not verified on poloniex and I studdied the graphs on there as well as the volume(pretty busy) I am verified on bittrexx BUT my issues with trading on bittrexx is there is no selling out of crypto into USD so i have to deal with an exchange fee to send to a different exchange that will let me sell from crypto to USD. unless there is a exchange that has multiple coins(more then just btc-eth-ltc
I know poloniex has USDT but i cant transfer that out into my bank account??? im not sure if that is possible in poloniex? are there any that do allow bank transfers other then coinbase,GDAX(I wont dare use gemini)??
2nd RESPONSE:
just to respond to the remarks of me being a newbie. I buy and sell cars for a living and started literally with no money. you buy cars low and sell for more then your in it for. same thing with crypto exchanges and on the stock market exchange.
Except I need to learn about the exchange rates for transfering from exchanges to an exchange that I can cash out to USD. BTW the fees for day trading on the stock market or way higher then any of the fees on the crypto exchanges So i really dont see the big fuss about the fees. However, Im using microeconomics to do my best to keep my fees for trading coins and transferring to exchanges and out to USD to a minimum.
I need to figure out the fees for trading crypto coins say for example using LTC to buy XRP an then when I made the profit i want to XRP to LTC or whatever coin i want to trade it into. thats the part I definately need to figure out. starting out im probably gonna stick with the 3 big ones ltc-eth ad btc and watch for dips and sell on the recover.
the crypto exchanges are more lucrative because its barely regulated and I know it will be regulated in the future at some point because crypto is getting major talk right now, and I've watched the whales doing their manipulation. Wink
I could have bought BTC at $16 a couple years ago so believe me I was pretty annoyed but it is what it is, Im not gonna cry over it.
This will all depends on the frequency of the valuation which will flactuates in that time, I guess. We all are aware of this fact that bitcoin is a sustainable crypto currency and it has proved its worth even and then it is very volatile also and because of its votality its valuation keeps on flactuation. So the time when you will buy and sell your bitcoins is very difficult to define because nobody exactly knows when the valuation is going to inflate and deflate and obviously one would sell his bitcoin only when the valuation is high so it’s very difficult to predict what is the time between buy and selling of bitcoin. It is sustainable but to an extent compared against other cyrtos. But in most of the cases, people aren’t getting this fact that bitcoin is profitable for them. They usually argument that why a thing that isn’t be seen and which is so versatile and volatile, can become a source of much bigger profit ratios. This thing need to be understood that nothing is better than bitcoin. |
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It really doesn't matter about these micro-scale changes in market sentiment, whether we're in a bearish or bullish trend now has little effect on the long term value of bitcoin or cryptocurrency in general. Trading is still profitable in either market, you just have to change up your strategy, when one coin drops faster than another the difference between them can be converted into profit, but you need to be quick on your feet and take advantage of the differences promptly.
I cannot say that we see now the bearish trend or a bull run. The market is simply changing all the time, and we cannot make now any predictions concerning the prices of the cryptocurrencies. IMHO. About the market of Bitcoin we do not have to bring something which is permanent here because the market along with its value and demand rate alters in different times. This is a market with unstable factors so it requires a strong support and common use due to which it will become stable. Now the market price has increased a little to 6.6k dollar which is good improvement so I think bearish trend will finish. |
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Me too, watch youtube for some tutorials.
Not only YouTube and tutorials. That is going to give you half of the knowledge actually. You should also focus on the market and should have the ability to evaluate crypto so that it can maximize the future profit. Besides, learning directly from some one who has been in the business for some time and who knows pretty well about trading crypto is great and can enhance your strategy. Having good plan will make you a good trader. |
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If you want to get into trading so I think it is a good decision because if you do any kind of job and you can trading with your job. It is a very profitable platform but you need to learn about trading without learning you can’t make a good result in trading. I'd suggest for trading you must follow babypips because you can get her good tips for your trading.
It is good time to start! Anyway I am supporting the opinions above about start from the begining! from the first step - learning! Before start trading you must learn about cryptocurrency trading! This step help you to avoid mistakes! Anyway experiance come with experiance! Could you suggest something for newbies? If you are a newbie at trading questions, you can watch webinars at youtube. I have seen one project trying to create the platforms which contains all in one portal. Where beginer can find all info about ongoin ico, with explanations and opinions of experienced traders, and get qualified education - how to invest in crypto!+ read some articles which users add at the portal Yep, I've seen that portal. It's Streamity. They had some free webinars in youtube that were useful to make my case better. I upgraded my cryptotrading skills. I got their tokens and I hope to earn now. They going to launch something huge! I mean Idea is very good! Portal will include information and analytical, invеstment and educational resources, each of them will exist as a separate! For example you are interested in info-analytical resourse - you going to market overview (about types of сrуptосurrеnсу wallets, protection of сrурtо-assets, current ІСОs, give you recommendations on purchasing tоkеns.) & news portal ( going to be an aggregator that collects the basic information from сrурtо-portals, social networks, сrурtо-companies and developers, it highlights main aspects and excludes unnecessary information) If you interested in investments - there going to be statistic ico calendar blogs and articles etc And of course streamity school - educational portal - for different levels They have alredy launched beta (Can you imagine this? - they are at crowdsale period but the main product - you can test it ) Here is the link - https://streamity.org/en/. This project is great, really. I don't know anything like this. wow. interesting For me it was very difficult to deal with the market is the beginning because it was totally unknown to me and first attempt also has its own difficulties so it was tough and I took help of others. Now the my point is to learn about the concerned market or about the market of your desire especially we desire for the Bitcoin but it is the highest point for which we need to gain experience first. |
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The truth is always somewhere in the middle. Even when there's a glimmer of hope people then to get too excited. Maybe 3 or 4k would be realistic and that too at the upper end. Having said that, fear can exaggerate things too and people say it could go to 0$ which is as unlikely as it going to 15000.
But what do you think when can it be possible. In my opinion, it is not possible for almost a decade if the prices and the speed of the market remained the same. Also the prices are determined by the demand in the market and if the red market prevails for long like it has been since January, for most part of the year, demand will stay cold and hence the prices. We need quick economic growth for ETH but there are exogenous factors that interfere and disturb the market. |
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It is very hard to say anything about the price in 2020,But I think that the price will be much higher.And can ride up to $ 5,000.But sooner or later, these currencies will merge and come out new and all the holder can go bankrupt.For this you need to trade.To ramapati Desio and sell high
For me it would be even bigger, in two years etherum will hit X times his ath, for me 7.500/10k$ is very possible. Man you cannot give simply a prediction. You have to have a logical reason behind it as well. The value given by experts is always backed by past data and preset market data. What is your value backed by? Having said that, I would say that it is not easy to cite a value for ETH in 2020 but in the end of the year, we would have ETH raised as much as $2000. If this were favorable, we might see Bitcoin above $30000. This is what the experts predict. |
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We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?
The main advantage of crypto based gambling is that many countries have banned the deposit of money to online gambling sites and this will open up the market from those restriction but the sites in this space have more limit than the fiat based sites which makes it less attractive, we need more competition in this market. Yeah you are right. My country also banned such sites and you cannot invest in such gambling sites. Bitcoin and other Altcoin are the easiest way to deposit your money because cryptocurrency is still decentralized in many countries and they do not allow trading in crypto. Therefore many gambler use crypto for their gambling addiction. Yeah it is only crypto that increased the ratio of online gambling. Now many people gamble with their holding because they want to make more and more money in less time but it is their thoughts and nothing more. Finally they lose all their money and their wallets have been cleaned up by site controllers. Better not to gamble with your holdings. |
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yes, and i really think they're better than normal casinos cause you can just sit at the comfort of your home and play your favorite games without needing to go to your local casino
Just one time in my whole life I sue online gambling. The experience was not good and I lost some money. That was the last day for me of online gambling. I think that if you want to lose your money in seconds online casino provides you this opportunity and will empty your wallet in seconds. Better not to play online casino ever. I will never support online gambling. |
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The Bitcoin has the huge price last December 2017 . And the price suddenly changed this year. Many members and especially those active traders have been disappointed with the sudden drop in bitcoin price. That's why people are often comparing the price of bitcoin last year.
We can not predict the price of Bitcoin this year. It's too early to say that the cryptomarkets are not in depths and gradually returns into the light. So i'm still waiting what is the good news happen in this year.
What do you think?
All of us waiting for the good news and i know it will came anytime soon, the market is still recovering right now which is normal,this is not new to us bitcoin has done great things to us for how many years it survived,lets us be patience a little bit ,right time will come. They should not be disappointed because profit and loss are the parts of business and crypto investment is a business. You can see the early investors they made thousands of dollars against their investment. If you are impatient and cannot wait for more then you should not invest in cryptocurrency. Trading is a useful source of making money, so strong determination is mandatory in crypto trading. |
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one form that must be passed for the gamblers to win here the test and the trial that must be passed if we fail the stress will hit us because the gamble is full of emotional ties.
Absolutely right but first a gambler should judge himself if he is going well then it is okay to continue gambling. On the other hand if a gambler is not comfortable so he should stop it because it may lead towards loss. The first priority is to master your self in a game and then start gambling after which you will know how to make instant money and the probability will be yours. many people are frustrated at gambling. and the cause is none other than because they make gambling a source of income. and when they lose they will play crazier. so the essence of what I'm saying is, we should not take the gambling as so much income that it will not eat our emotions when gambling I think they need to clear their mind to not using gambling as a source of income because this is really difficult for them. this will make them become frustrations because they cannot win any games and they losing too much money. it is better that they can think that it is their time to stop gambling and considering the other thing to make money. and if they can do this, I am sure that their mind will not think about playing gambling and making money from gambling. You are right about gambling, is not a source of income and I did not say that it is income sources but saying that one can make money here after wining and this is true that people in casinos win after bet if he is successful to win a game. Gambling is of both abortive and successful attempts and one should start it if he has experience of any particular game. If he is not an experience person then it would be risky for him to enter into a casino. |
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I had a bad experience hodling. Initially I used to research for good coins and hodled them till it doomed. Recently tried short term trade and good with it.
Lol, actually at some point we have all ended up having that bad experience but really you cannot blame anyone who is into holding because it is simply hard to understand the movement of the market if you are not a learned trader and you would not want to be gambling your position as that can actually give room for more mistakes and make you lose more. This personally made me to go through serious trading lessons on my own and it took so much time to get it right and a whole lot worth it as it is far better than just holding through. Trends will always change in between, and it is best to always take advantage of those trend fluctuations. In these days there is no risk in holding besides if you sell your holding then you will lose your money due to fall in the price. if you have trading experience and can trade positively then you should not just hold your coins, because you can make more money from trading. More time over the internet and knowledge about the market trend is valuable for traders. |
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Of course, bitcoin can be a global currency if most of the country accept it. Wherever most of the country prohibited bitcoin, so it is very hard to be a global currency.
There are things which are not in favor of the bitcoins for now but we cannot say that things will never change. Bitcoin has a very much strong potential of becoming the global currency and that it can lead the world in much better way than any other normal currency. The only thing which we need to do is to wait for the time when things happen in a way like this and that before that, we must go for investing in the bitcoins for our better future. |
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I will choose to buy and hold, for now I will buy coin because the price is going down greatly, and I will hold up to 3-6 months, I am sure I will get a good profit.
In a situation when the entire crypto market is falling, I don’t think so that there can be any other thing which can keep us safe from any kind of loss other than that of holding of all the different coins including the coins which we have bought for the sake of day trading till the time, we don’t see the market getting better and that you must keep yourself well in control so that you may not lose your money. |
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I will choose to buy and hold, for now I will buy coin because the price is going down greatly, and I will hold up to 3-6 months, I am sure I will get a good profit.
Strategies are changing and we can not apply any single strategy to different markets because it gives us different results. We should trade simply so that we may not trap in our own strategy, we should apply a strategy if you are looking comfortable to it. The current time gives us only one sign and that is to buy a lot of Bitcoins so that this decision payoff in the future. |
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Bitcoin will be the only currency for internet payments replacing credit cards so in next five years we may see bitcoin is single largest currency on bitcoin
I don’t agree with you. I think that the world is turning towards crypto currency and in the future the whole world will use only crypto for their daily payments in their local markets. I know it will take long time but one we will see that all other currencies disappear from the market and only cryptocurrency is usable all over the world. I always believe in one thing and that is you never know what future will bring for you and that it is better to hope for the best so that you may plan the things with positive state of mind. Bitcoin has this much potential of leading the world and that it can become a global currency but this is something which will take lot of time as things need to time to be settled down in the favor of the bitcoin. |
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I also don't see much of a connection really. Maybe if bitcoin becomes a more global currency that is widely used then mayyybe it could but for now I don't see how it could affect bitcoin.
The price of oil depends on the production and demand, while bitcoin price depends upon the mining, availability and investment cap. As more and more people invest in bitcoin the price increases and when the investment ratio decreases the price also decreases. There is no link between oil and bitcoin. Both are different in range, need and market value. |
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