Newbie don't necessarily have to use real money to learn trading on exchanges. They could use demo account to learn. There are some exchanges that offer the demo trading feature.
The best advice for newbies remains "trade with what you can afford to lose'
But for "some" newbies they are taking demo account not that serious because they have this thinking that isn't real at all. I know there are several exchanges like bitMex where you can trade without money involve as if you are really on a practice trade and familiarizing the market. |
|
|
|
Cryptocurrency is still trying to find its feet and recover after a heavy dip .many are still afraid to pump in money for now. But with time we will see another significant pump and rise in price of token
I agree. if we are going to understand the market there is really no certainty in here, remember that bitcoin has no intrinsic value it just got valuable because of supply and demand law. Pump without announcement? Does the cancer cells says when it gets to your body ? I guess not. |
|
|
|
Bitcoin is the most stable coin of all because likely bitcoin get pumping right now. We must need to support bitcoin for its price gonna pump up again last year maybe tgis year is the most special for crypto.
Pumping coin is not a stable coin. What stable coin looks like is a fix or less volatile market value, unlike bitcoin that contains high volatility rate making it the most misbehave one. The only factor that is stable on bitcoin is its market dominance that is 50% in the long years of it in the market. |
|
|
|
i know . binance is a popular exchange and known to have a huge volume , i think this the reason why binance traders can earn more profit but but , a pro trader can always earn sufficient profit no matter what exchanges he or she will be using .
The buying price were a little bit far from the other exchanges which making Binance trader to generate high percentage of returns. It's volume will be a big consideration to know how much we possibly got in any exchanges and so Binance have the advantage. Of course, investors are smart to know that and they'll find satisfaction with Binance. Even the binance has a low buying price for alternative coins still it would not assure the profit of every trader especially the beginner ones. The consideration of binance having a huge trading volume is the biggest factor why we trader can say that. Don't argue about how binance easily got to the top of exchanges. |
|
|
|
This system is quite fair. Those with higher ranks get more stakes but they have much more past activities on
the forum than a newbie. Their posts are visible on more places and have higher advertising value. I have no time
to read all the posts in a thread if there are too many but I try to read all the posts from higher ranked members.
I am not saying that those posts always have higher information value just explaining how it works in my case.
The overall system for stake allocation is fair, just like in company position the new one will get a lower wage than those who are old in company, it is the wage increment I guess. I don't have any problems with stake allocation since it is stated at first, if you don't want their allocation system then don't apply for it. |
|
|
|
This is the besttine to invest especially the market is making a good rally,so its time to buy an altcoins to invest,investing on ICO'S are still worth and we can make those long time or short time investments just be patient and be wise as always.
I agree, bearish market is a perfect time to invest, why? because the prices are quite low compared when it gets to bull market and chances on having a huge profit is high also. But there are instances that not all coins are profitable, just know what and where to invest to avoid much losses. |
|
|
|
Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)
Also I want to invest 200$ in crypto right now so you can suggest me something for that too.
PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.
Convert all the altcoins to major cryptocurrencies and hold ETH or BTC. If you want to try yourself as a trader just trades with major cryptos like ETH. Always buy reliable project's token and hold till get the point that gives you the best profit. Best option for the beginner like him tho, what other beginners do is that they buy many coins and try to hold them listening to fake ads on youtube or somewhere in the internet. Ethereum and Bitcoin ( or other high capitalized coins) is the best option to trade or hold as a beginner. |
|
|
|
im prefer using mobile wallet, because its more simple and effience regarding im only using phone rather than notebook for my crypto work, and its more simple to activated 2 way authentication security with phone.
Indeed, right now i am trying using mobile wallet too. Its more simple and dont have to sync with network. The most important thing is we should keep safe our seed phrase and not share it to anyone Also prefer using mobile wallet since it is personally gaining access to your coins and I don't believe much on online wallets since there are various event that hackers are trying to hijack the particular website. I do have 2 different mobile wallets for my coins especially on bitcoin and ethereum based wallets. |
|
|
|
It depends on the particular coin that I want to buy per time .
Nevertheless, I prefer using binance because of it's user friendly interface.
I usually get the attention of binance angels whenever I have an issue faster .
Up to 80% of all Binance users enjoy using this exchange and they have very good security on their platform. I believe that choosing a good exchange is extremely important because recently 2 exchanges Cryptopia , Coinbene is being attacked by hackers and this is very bad for investors. I personally advise people to consider carefully before participating in any exchange because they all have risks Binance is really a great exchange for all, maybe, but not for those who is old in cryptocurrency. I guess some oldies here do not prefer binance at all, its like binance is their 3rd or 5th option. Me, i can use all of exchange as long as it has the same UI with my preferred exchange. Also the history of the exchange having an attacks, it is a great factor to choose. |
|
|
|
I don't think that we need any specific trading plan for crypto trading, as the market has been constantly changing, so we have to plan our strategy according to the market situation.
Absoulutely, if ever you prepare a plan it should be just an initial plan because of market's volatility, a rapid changes within a short time interval. What i am doing is that i don't set up a plan for a trade, if i want to trader and got an instinct that i would gain from it i will go for it. But most of my trades has been researched . |
|
|
|
It's a pretty simple question dude, yes I'm holding it and value 0$ the only reason why am I do it, nobody wants to buy this shitty coins and it's just a garbage in my pocket.
Totally agree with this, biggest regret of my trading career is joining some campaign that generated shitcoins in the market ( technically not if they did not find some exchanger for it) Also regretting on invested ICO which its price did not meet my expected value, more of like losing 60% of original capital. |
|
|
|
I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
a trader should ready to do all type of trading then only he can survive for long time if you are only do long term investment and trading you cannot survive here you need to do both quick and long term trading that is the proper way. In the present market $1000-$2000 is a good capital investment for trading needs. By now each and every coin in the top list with a low price less than $10 is good for trading. Surely there'll be some volatility and we cannot expect profit in the short term, at least we need to hold for some time period to experience the price growth from the buying to the selling. $1000 to $2000 is good for a beginner like him and should have some money reserve since failures and mistakes are expected. Knowledge about the market is the real capital here, not in any amount of money can buy a skill but the experience of being a trader. You can start lower than that and gradually increase as you longing in the market. |
|
|
|
more than 90 percent of the crypto traders trade in Binance exchange rest of the exchangers mostly traded are Bittrex
Of course, these exchangers are the most profitable, in terms of the number of orders that you can always sell or buy much more profitably than on other resources. Nevertheless, today there is a fairly large number of equally promising exchanges that are worth paying attention to. Not all exchanges are promising though, there are some other having a bunch of issues. But you had mentioned a reputable exchange which is better to choose. Binance now is the most popular exchange because of not having KYC and of course, fewer issues have regarding withdrawing funds. So it means they are reputable and reliable exchange ever. There are lot of ICO whose product is an crypto exchange now but cannot surpass other existing exchange so what does it inflicts? did not get it til now tho, however some top exchanges has still this system bugs, just recently my tokens went missing on IDEX stating it is not their fault and already left deposited tokens on their platform due to unknown bug. |
|
|
|
for this year there seems to be a pretty good wave for the market, because from now on the market has started to have a good increase even though it is still slow but I am sure that until the end of the year the market will definitely rise again
Good wave starting from these days as increasing market is approaching. The increase on price is noticeable compared to its price month's before and is recommendable for investors to go ride the low wave right now as it is expected to be big before the year ends. |
|
|
|
All time is not good for investing! It is not all season one plant a seed and harvest. Remember that trading and investment has a face and you have to follow the face in other to be able to invest right. If investing is your desires you most invest knowing the accumulation and distribution faces of the investments cycles. You can only invest and make profits when the assets is at the lowest price and sell when it is at the high price.
Yeah, i agree there is no certain time to invest and so you can invest anytime there are circumstances that investment should be done after a long research and market study. There are just season for investment on cryptocurrency because of volatility and trend, just look at bitcoin it does not move everytime but it will anytime. |
|
|
|
It is not good to be that too confident with your market analysis. Sometimes, being that too confident will affect the momentum of your trades. I will still go with just enough confidence, the unsure feeling that maybe my entry isn't a good one will still make our trading balance as well.
Enough confidence shouldn't be unsure because this can be considered already as doubt which shouldn't be avoided when making trade to keep the emotion intervention away. Whenever we make a decision, we should push it through and also accept if we make errord. Excessive confidence and emotionally responsive (negatively) on the market is very dangerous especially when day trading, it should not be the basis of trading, it should be the analysis (technicalities) on a certain coin we are trading. Don't worry if you lose a trade, we are all flawed and entitled to commit mistakes in an uncertain industry like this. |
|
|
|
Trading make me stress because i loss alot of money but when i earn alot of profit, that return will change my life. Crypto trading always give negatife and positive impact for us, but i believe crypto will much more give healthy life for many trader. If we keep learn from the mistake, later crypto trading will really change our financial because from this market we can earn profit above 10x just in afew month.
Sometimes you are upset if you fail, but just move on, there's plenty of time to trade and that gives opportunity for every trade. Sometimes I find it very unhealthy especially when we lose and trying too hard to get back what we have lost. Being emotionally responsive to the market really affects negatively and since market is volatile being emotional can keep you out of the track. |
|
|
|
I'd say it depends on if we're talking about bitcoin or other cryptocurencies, bitcoin is really hard to predict even if you're really good at technical analysis, but as for the altcoins I would say yes it's really helpful, alts tend to be way more predictable if you use the right indicators(of course as long as bitcoin doesn't go against your position in a trade either it's a long or short with or without leverage), you should keep an eye on btc constantly dealing with alts.
Although its hard to predict the price for bitcoin still technical analysis is vital especially when day trading, Price history charts should be included when dealing with price analysis. But it is really more easy to analyze the alternative coin's next price movement especially the high volatile ones. |
|
|
|
I don't think they are all going away and comeback recently, they just go the silent side. Surely the last bull run was surprisingly a lot of people and Bitcoin investors aren't going anywhere they just did take the profit wait for the accumulation period to start again. IMO, the market cycle is just repeating chain, and market/trader psychology plays a big part.
I guess they did not leave thr bitcoin cause if they did bitcoin price will fall under a couple hundred of dollars. Bitcoin investors are just having time benefitting what thry have gained on th last high pump. Bitcoin will be favorable in the market and will not lose investors. |
|
|
|
Only thing to do is to wait until the market get recover's for those people always complaining that bounty ico is not profitable anymore the problem is the market situation also if your token get listed in other exchanges it can't reach the ico price you bought.
Guys be patient, we all know that market is not that ideal very much and so prices of alternatives are quite low and this is maybe the main reason why participating on ICO is not that profitable anymore also the bounty hunting on them too. There are just a few whose project is really good and new,80% are just copied resulting to low investment funds. |
|
|
|
|
Show Posts
