Platform that similar with Bitmex is Finbitex.com ,Other platform to trade crypto by use margin and leverage is Meta trader, now many regulated broker provide crypto pair in their platform. One of the good broker is FX Open, this broker has lower spread than other, and also we can make deposit by different currencies, like BTC, LTC,USD,EUR,GBP.
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Some important thing to chooce exchange to trade Futures is they have high trading volume and available many optional of leverage. I have seen some exchange offer by minimum 10 x leverage and this is too big and high risk for beginner in margin trading. I think Bitmex is one of the best exchange for Futures trading because has very high trading volume and they offer leverage start from 1 x.
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This is depend on the situation of the crypto market, last year there are many altcoin was give bigger profit than Bitcioin, just like XLM and LTC , but for this year when bearish market is Bitcoin stronger than all altcoin. For current situation, day trading with altcoin still promising higher profit than Bitcoin.
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To change life from crypto is not necesary to quit from the main job, because we can make invest or trade crypto by spend a few hours aday, just like 2 or 3 hours. Now the more important to make consistent profit is we should be have knowledge to predict when bull market start and when will be turn in to bearish, so we will know when should be to start to invest and when should quit from the market.
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ETH just did it and will continue going up to reach the highest price again. ETH still become the most favorites altcoin by many investor and trader. The Smart contract technology given many advantages for different kind of industry, and this technology will use in more industry and the mass adoption will be bigger.
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Since Ethereum started tradeable in 2015 till now, this crash is the biggest one, Ethereum was drop about 90% from the highest price. And compared with price action of Bitcoin, when crash to 90%, its will be have big probablity to going up, we just need patient wait for that. Iam still bullish for Ethereum because smart contract technology is the new technology that will keep growth.
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Iam still bullish for Ethereum, because Ethereum still become the biggest altcoin according to market cap. Ethereum just like others altcoin that will bounce back and going up again to the highest price later. Because this coin also will be better, they will solve scalavility issue and possible to process amillion transaction persecond, also Ethereum will change to Proof of Stake that will be more profitable for holder.
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Storm token was back to bottomed price, and in the long run this token has possibility to going up more because they has live product. We have to patient wait for bull market. If this token going up back to the highest price we can make profit 20 times.
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Bounty earning is down dramactly because market crash and to make money in this situation of market , iam doing crypto trading and also learn trading on the stocks market. I still doing bounty program because this job required short times. Hopely this crash will finish soon and the market back to bullish again.
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Ethereum was drop about 85% since december and that mean the price already oversold. Currently Ethereum still become the biggest altcoin based on market cap, so will be have potential to going up more. But by to see more than 55% dominance BTC on the market so is more good idea to put your money in to Bitcioin.
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The best crypto exchange now is Binance that has high daily trading volume, they listed alot of potential coins and has friendly customer support. Others benefits that they offer is trading competition, airdrop and this platform offer stop limit feature that important for trading for stop loss.
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ETH still become number 1 altcoin according to market cap so ETH still the most popular one and the founder Vitalik Buterin also keep to development ETH become much better, and at the moment all altcoin crash but in the long term all altcoin also can be going up because the trend of the market also will change. Ethereum still have strong fundamental because this coin will change to PoS and will solve scalability issue.
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The market dumped started on january and that mean nearly in 9 month the price keep down, and by looking for history price action of Bitcoin this is still normal, and the price will be going up again later, can be in the beginning of this year or next year. Current total market cap of crypto is very small so has big probability to increase.
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Yesterday all price of crypto dumped hard just afew hours but i loss only 5% because i used stop loss, if i did not use it will be possible i loss more than 10%, so stop loss is very important in trading to reduce the loss. Stop loss also will helpfull to recover the loss soon, because we can buy more in cheaper price so when the price going up again, loss will be recovered and we will make some profit as well.
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I was started become bounty hunter when bull market before december 2018, and in that times i joined many potential project. I earned nice reward but emotional of greedy bring me loss in trading. So to make money in crypto from bounty and trading is not only need times and skill, but also should be has good psychology by avoid greedy.
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Price of crypto is nearly unpredictable, and we can see big dump was happening in crypto market, so in my idea to minimize the risk, we should be use 50% of fiat/USDT balance on every trade, and others 50% fiat we can use it to buy back at lowest price when the price dumped, so loss from first open potition will recover soon. Since not any sign bull market coming , this strategy is good to use to avoid loss and to recover loss. Never forget to use stop loss to avoid huge loss.
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I still believe bull run in crypto will coming, if not in the end of this year , that will come in next year. Crypto is not dead but this is natural market which bearish and bullish will be changed. Crypto is tiny market and will be huge market later, just like stocks market.
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When we put money in to crypto we should know the risk, the level risk for crypto is higher than others asset because the volatility also higher. And to manage the risk we should have skill and knowledge when best times to invest in crypto and how long to invest on it and what the target profit. After target profit reached we should has diversify risk by move the profit to the others asset that has lower risk.
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Market cap of crypto is still very small compared others asset, we can compare market cap of gold that have more than $ 7 trillion. When i first jumped in to crypto 2 years ago, the total market cap just around $10 billion so that mean the market cap was increased, and in the long run will going to multi trillion dollar.
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The fluctuacion of crypto is very high so minimum to take profit in every trade is should 5% and stop loss minimum 3%. The percentace to take profit should be according to trend and situation of market, when the market in sideaway and consolidation we can take profit minimum 5%, but in bull run we can take profit minimum 20%.
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