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Cogwheel has an unusual design and the main idea is interesting in general but the Crash game has hooked me up. I even busted several times but something forced me to make a deposit again and I won at last  |
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I like this piece! I should say that I agree that the same reasons are applicable to crypto trading. Honestly, I don’t understand why people keep on making these mistakes while there are so many sources to learn how to avoid them.  I don’t mean to praise myself but I’ve managed to learn how to adapt to market conditions during the first year of my trading. Now, I can use advanced trading exchanges like https://cexbro.com/ and be confident enough in the process. I guess nearly everyone can make trading effective with enough knowledge. |
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There will always be some risk, but you can reduce it by selecting a reliable bitcoin exchange and a safe cold (offline) wallet. I can recommend you cex or https://cexbro.com/ depending on your trading skills and aims. Therese platforms have never been hacked. |
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Cex certainly accepts credit cards. And you can buy bitcoin there. Check their infobot (telegram-based https://t.me/CexIoInfoBot) or the site itself. There should be more exchanges that accept credit cards, so you have a possibility to chose. |
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Well, we need money to make purchases. And we actually need these things that can be bought. But investments are the future. So, consider buying only things you really need and leaving some money in form of investments.
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What would be good exchange to use. That has stable coins on it. For trading ? should i use Binance?
You can try Binance for trading. Or some simpler exchange and friendly to beginners, like CEX. The company takes care of its customers, and as proof - launched infobot, https://t.me/CexIoInfoBot, that will navigate you in market changes and price movements. |
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After the years in trading Bitcoin it came more and more clear to me that Bitcoin is technically not decentralized anymore... its mainly owned by huge mining farms or early adopters who are able to manipulate the market at will, many exchanges playing with Bitcoin and Altcoins by making fools out of the normal Joe who wants to enter the Crypto world, i know many here will think that you should be ready and get informed before taking any step into the crypto world, but does it not bother anyone that some people are enriching them self by kicking the crap out of your wallets??
Bitcoin Mining is dead unless you own a mining farm with the necessary hashrate, again only big companies having access to Bitcoin!!!
What is your thought about this??
I didn't really get your point. What makes you think that Bitcoin isn't decentralized anymore? Just because of the fact that miners produce Bitcoins after each verification of the transaction? Then what about blockchain which records are impossible to change or break? |
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Well, I only started to use bots in my trading. Actually, it's an info bot . I'm just trading on this exchange. So, when I saw it launched such a tool, I decided to try it and see how it works. Now, it's one of my favorite instruments in trading, as it keeps me informed about the current market movement and price changes. But you have to decide which one to use according to your needs.
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Do you accept other depositing and withdrawal means except for coins and cards? And what are the minimum and maximum for deposits and withdrawals?
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Agree with OmegaStarScream – it is really important to make clear which payment methods are suitable for you. BTC is available on most if not all platforms, so you really have a wide selection of platforms. Also, it is important to know where are you from to give any advice, as the same exchange can operate in my location but be unavailable in yours.
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I understand your problem. Honestly, I guess most traders do. The fact that you haven’t learned trading doesn’t necessarily mean that you are not fit for this activity. Maybe, you gust need to re-think if sources of knowledge that you use are good. How well do you know the situation on the market? In case if you can’t say which crypto coin has been the most volatile, use bots that will help you keep in touch with reality – https://t.me/CexIoInfoBot. Read the most important crypto news on sources like this one – https://cointelegraph.com/tags/cryptocurrencies and practice a lot. Wish you luck. |
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Well, it is important to be calm and confident but it doesn’t mean that you should not think about each step before actually making it. The secret of success is in the balance.
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Well, it is a complicated task. You can’t learn bitcoin trading just by only reading crypto news or only researching how trading works or only observing price changes. It is important to do it all and even more. Moreover, to be a successful trader, you should always keep on learning. For example, though I am not a newbie, I still using infobot https://t.me/CexIoInfoBot and reading forums like this one. It helps to keep my brain fit for trading. |
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I think it's possible just to switch to using XRP in such a case.
I know this might be not an answer to your question, but just think about it - if you need transactions like those from Ripple, so what do you want from Bitcoin? There are lots of coins that solve the issues with slow transactions, just some of them and don't make things more complicated than they are.
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Try to create a plan each time you enter the market, and stick to it. It helps to keep calm. If necessary, apply for some trading tools to feel more comfortable and confident. For example, I have recently explored for myself info bot launched by the exchange I use - https://t.me/CexIoInfoBot. I like the idea of monitoring the changes that occur in the crypto market and price movements. Also, I noticed I feel calmer now because if something new will happen in the market, I will be informed. |
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Hmm, interesting post. I will certainly pay more attention to these indicators. You made me want to share what I know about optimization of trading) I am using two info bots on Telegram that report about current exchange rates and updates. These are CoinMarketCap and CEX Info Bot, https://t.me/CexIoInfoBot. It is not as insightful as a post you shared but might be helpful for someone. |
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Try margin trading. Very fascinating, complicated and titillating  |
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Currently, I'm trading on quite new CFD platform CEX.Broker, https://cexbro.com/. Being a user of CEX for more than 2 years, I've got used to it, as it is very convenient. Therefore when I saw the news about the launch of a new trading platform, I was intrigued immediately. Now, as I mentioned before, I'm testing it, and haven't identified any serious issues yet. |
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The most important thing that I learned from trading with cryptocurrencies is that it's important to always have a plan and know when it's time to walk away.
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If you want to be a trading expert you won't need any trading bot LOL 😂 I advise you to start reading technicalities and how to interpret charts. It will help you a lot. And of course trial and error is another way of learning." Agree, learning technical analysis and knowing how to read candlesticks is much more helpful than using a trading bot. But I think it's possible to combine using the knowledge of tech stuff and info bots as supporting tools. Let's take Info Bot from CEX https://t.me/CexIoInfoBot as an example: I like the idea of receiving notifications on Telegram about the latest exchange rates and updates on the market, but it doesn't relieve me from learning technical aspects of trading. It just simplifies life, so why not. |
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