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Hey dudes hope you are well. I sell a lot of things on Craigslist. I am now planning on putting a couple things up and saying I accept btc or eth along with the greenback. Wondering if you guys have tried this. I
Not really tried this out, but it's a cool concept really. You get to attach some amount of BTC or ETH in which your payment is made to your stuffs/products. People buy these stuffs and on the long run, your coins flourish in the green market and depreciates when market is. Just make sure you know your risk management skills. |
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There are different formats of trading. I started Crypto trading with Bitcoin, by dealing with Local dealers. As I kept on the quest of getting more facts and information about crypto, I ran into online exchanges and I developed myself to an extent. Trading is actually cool, if there are Morales from around one's circle.
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Be thirsty for knowledge. Blockchain technology and crypto trade are new spheres when compared to mainstream industries and much is in development right now. Knowing more will increase your success chances, build up your trading portfolio but also the quality of analysis you do on daily basis. Investigate things that have nothing to do with trading but can help you understand the market better. Each day there are exciting discoveries that can change the face of the crypto world drastically. Understanding them will help you develop your own strategy, design more effective analysis, and generally improve your trading skills. PS: For trade-only education, visit our website, https://www.cryptocointrade.com. You may find an interesting thing or two while reading our articles. And it is completely for free, so no losses on anyone's side  I tell people often, Knowledge is power and the right knowledge is wisdom. In any sphere of life knowledge is key, not just about crypto. The amount of knowledge you have is equivalent to your potentials. In other to excel in crypto-trading, knowledge must be acquired on a daily. No one is an Island of knowledge. |
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Also, some people feel hyper when it comes to applying the sense of Online betting. The orientation behind betting is different from that of Bitcoin trading. Greed kills those who are under the spell. And it is advisable, you pick some lessons from betting, only to serve as a back up to sentimental analysis.
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Greed is a factor that drive to doom. In this case you need to be subjected to sentimental analysis. Some people after getting 20% profit for them selves, they still hope on the probability of making more. Fine you can, hut it is risky after all.
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This market is so volatile that sometimes you’ll get shivers from it. There are talks that it is caused by big whales’ moves, pump & dump and FOMO events. The volatility works both ways. It can make you rich or it can leave you penniless if you are mentally lazy. It’s worth mentioning also that some exchanges offer margin trading as well. I strongly recommend you stay away from it if you are new to trading. Keep in mind that things can change very quickly.
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If I lost most of my capital in one coin, I will hold the first to coin it up again, whether it can be called trading or not? Give your opinion Entering in a hasty trade without a clear strategy is a terrible idea. But if you put in some effort and learn how to analyze the coin/chart, set up entry, exit and target points and adjust position size correctly, you will be able to know the difference between a good and a bad trade. Your goal must always be to pick the best possible trade. And remember a good trader always trades less. |
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Hi,
What is your opinion about forex trading vs crypto currency trading?
Which one is better? More profitable ?
Also, there are some bots like GunBot or C.A.T which automate whole trading, but is there any bots for forex?
Is crypto currency and forex trading strategy and method the same?
Forex trading and cryptocurrency trading are effectively in competition with each other, in spite of the obvious crossover. This brings up the argument of tradition versus revolution. Through the various dedicated exchanges, you’ll see that due to the cryptocurrency evolving nature, new coins are constantly being promoted. That’s not all, as ICOs (Initial Coin Offerings) are also popping up pretty regularly, so the market is set to expand exponentially in the years to come. Fiat currencies are effectively locked in, so it’s a case of weighing tradition against evolution when comparing the two markets. |
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In terms of Market volatility, Forex trading is more bankable than Cryptocurrency. Though, there is little to what I can say about Forex trading, but I'm sure of the stable currency values, because, for years, world traders have been able to deal with them. On the other hand, the cryptocurrency market presents something different and fairly unpredictable.
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The next Bitcoin pump for this year, as we had for Bitcoin at $20k seems impossible and illogical for people to believe. The year is already out of days. Apart from this, if there will be any pump whatsoever, there should have been signs and moves as soon as the second half of 2018 began. Nonetheless, some are still head strong about having a pump this year. Some are putting in emotions unnecessarily though, and some are just being optimistic because of what they know about bitcoin.
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