let's say you want to buy Ethereum on ETH-BTC market. in case you buy an exising order you are the taker and the fee is more expensive than if you place a buy command (cheaper than the lowest sell order) - in this case you are the maker of the market since you are placing a command

Safety rules were written with blood. That statement sounds familiar to every soldier around. Although we are not dealing with a risk to human lives, losing your expensive Bitcoins by making mistakes trading is definitely not a fun situation.

So, how we can avoid those mistakes in our trading? How to be mostly on the green side? First, it is important to note that to trade right requires attention and your one hundred percent focus. Secondly, trading is not for everyone. The following tips are easy to internalize because these tips were “written in blood” (my own blood). However, it’s still difficult to apply them in real-time. After all, we are not rational human beings.

01.

• Have a reason before entering each trade: Start a trade only when you know why you’re starting and have a clear strategy for afterwards.
  Not all traders make gains from trading, since this is a zero-sum game (for everyone who benefits someone else loses on the other side).The Altcoins market is driven by large whales (yes, the same ones responsible for placing huge blocks of hundreds of Bitcoins on the order book). The whales    are just waiting patiently for innocent little fish like us to make mistakes. Even if you aspire to trade on a daily basis, sometimes it is better not to earn and do nothing, instead of jumping into the rushing water and exposing your coins to losses. From my experience, there are days where you only keep your profits by not trading at all.

02.

•    Target and stop when starting a trade: For each trade we must set a clear target level for taking profit and more importantly, a stop-loss level for cutting losses. A Stop-loss is setting the level of loss where the trade will get closed.
  
  
  Quote
  Here again, it is important considering a number of factors when choosing a stop loss level correctly. Most traders fail when they fall in love with a trade or the coin itself. They may say, “Here it will turn around, and I will get out of this trade with a minimum loss, I’m sure”. They’re letting their ego take control of them and unlike the traditional stock exchange where extreme daily movements are considered 2-3% in value, Crypto trades are a lot more riskier: in my life as a trader I’ve seen a coin dumping by 80% just in a few hours! And nobody wants to be the one who is left holding it.

03.

•    Meet FOMO (fear of missing out): Indeed, it really isn’t fun to see such situations from the outside – when a certain coin is being pumped up like crazy with huge two-digit gains in minutes.
  
  
  Quote
  That bold green candle yells at you “you are the only one not holding me”. At exactly this point you will notice lame people flooding the Crypto forums and the exchanges’ Troll boxes to talk about this pump. But what do we do now? Very simple, Keep moving forward. True, it’s possible that many may have caught the rise ahead of us and it can continue raising, but bare in mind that the whales (as mentioned above) are just waiting for small buyers on the way up to sell them the coins they bought in cheaper prices. Prices are now high and it’s clear that the current coin holders only consist of those little fish. Needless to say, the next step is usually the bright red candle which sells through the whole order book.

04.

•    Risk Management: little pig eats a lot, big pig gets eaten. This statement tells the story of the market profits from our perspective. To be a profitable trader, you never look for the peak of the movement. You look for the small profits that will accumulate into a big one.
  
  
  Quote
  Manage risk wisely across your portfolio. For example, you should never invest more than small percentage of your portfolio in a non-liquid market (very high risk). To those trades we will assign greater tolerance – the stop and target levels will be chosen far from the buying level.

05.

•    The underlying asset creates volatile market conditions: Most Altcoins are traded according to the Bitcoin value.
  
  
  Quote
  Bitcoin is a volatile asset (relative to FIAT) and this fact should be taken into consideration, especially in the days when the Bitcoin value is moving sharply. Bitcoin and Altcoins have an inverse relationship in their value, i.e. when the value of Bitcoin rises then Altcoins are losing their Bitcoin value, and vice versa. When Bitcoin is volatile, our conditions for trading are kind of foggy. During fog we can’t see much ahead, so it is better to have close targets for our trades or not to trade at all.

06.

•    Tips for trading Altcoins: Most Altcoins lose their value over time. They simply bleed their value away slowly (sometimes rapidly).
  
  
  Quote
  Take this into account when holding Alts for the medium and long term, and of course choose them carefully. What kind of Alts are recommended for the long term? Remember, this is only when there is a reason for making a trade. The projects/coins that have a higher daily trading volume and which have a widespread community behind them, with continuous development, are here to stay with us:
  
  Ethereum ETH, Monero XMR, Factom FCT, DASH, are all leading coins and traded the most volume daily. You should follow the coin’s chart and identify low and stable periods. Such periods are likely to be a consolidation period by the whales, and when the right time comes, accompanied by a good press release of the project, the pump will start and they will sell in profit.

07.

•    A word about public ICOs (crowd-sales): Many new projects choose to make a crowd-sale where they offer investors an early opportunity to buy a share of the project (tokens or coins) in what is meant to be a good price for the tokens.
  
  
  Quote
  The motivation for the investors is that the token will be traded from day one on the exchanges and would yield a nice profit to the ICO participants. In recent years, there have been many successful ICOs, both the project itself and especially in measuring the yield for investors. Coins doubled, or tripled, their value and much more in relation to their value on the crowd sale. Augur’s preliminary crowd-sale (we reported on it previously here) yielded investors a phenomenal 1,000% for their investment. Okay, but what’s the catch here? Not all the projects benefit their investors. Many ICOs proved to be complete scams, not only were they not being traded at all but some projects disappeared with the money and we have not heard from them right up to this day.
  
  So how do you know if you should invest in an ICO? It’s not about science, it is important to pay attention to the level of seriousness of the project and its team. Look for the project’s website (does it look like a child has built it during computer school?), Who is the team behind the project – Are they hiding behind nicknames or proudly present themselves on their website? Pay attention to the Bitcointalk thread (does it exist at all?) and how the team members respond to technical questions. Is there a large community behind the project? Expect to see a Slack gathering its community. Watch out the amount raised: A project which had raised too little will probably will not be able to develop over time, a project which had raised huge amount – there won’t be enough investors left out there to buy coins on exchanges. And most importantly is risk management. Never put all eggs in one basket and invest too much of your portfolio in one ICO.

08.

•    A final tip – practical steps to implement right away:
  
      Fees, fees, fees: Multiple trade actions = More fees. It’s always advisable to post the command (maker) and not to buy from the order book (taker). In Poloniex exchange, the difference is 0.1% in favor of the maker. That’s quite a bit.
  Traders with no pressure: Don’t start trading unless you have the optimal conditions to make the decision to start a trade and know when and how to get out of it. Pressure almost always creates losing trades. Wait for the next opportunity, you will get there.
  Setting goals and placing sell orders: always set your goals by putting sell orders. You don’t know when a whale will pump your coin up to catch your command (and pay a reduced fee on the “maker” side, remember?).
  
  
  Quote
  Buy the rumor, sell the news. When major news sites publish articles it is usually exactly the right time to actually get out of the trade.
  You have made a good trade, but as always, the moment you sold your coin runs up again! First, meet this guy – Murphy’s Law. Secondly, read over what was written previously here and never enter position again under pressure. As long as there is profit – you are ok. Go on to your next trade and don’t find yourself losing it.
  Leave your ego aside. The goal here is not to be right on your trades, but to make a profit. Do not waste resources (time and money) to try to prove that you should’ve been entering that trade. Remember, there is no trader who never loses, at least sometimes. The equation is simple – get the total profits to be higher than the total losses.

THANK YOU[/list]

Safety rules were written with blood. That statement sounds familiar to every soldier around. Although we are not dealing with a risk to human lives, losing your expensive Bitcoins by making mistakes trading is definitely not a fun situation.

So, how we can avoid those mistakes in our trading? How to be mostly on the green side? First, it is important to note that to trade right requires attention and your one hundred percent focus. Secondly, trading is not for everyone. The following tips are easy to internalize because these tips were “written in blood” (my own blood). However, it’s still difficult to apply them in real-time. After all, we are not rational human beings.

(01) Have a reason before entering each trade: Start a trade only when you know why you’re starting and have a clear strategy for afterwards.
Not all traders make gains from trading, since this is a zero-sum game (for everyone who benefits someone else loses on the other side).The Altcoins market is driven by large whales (yes, the same ones responsible for placing huge blocks of hundreds of Bitcoins on the order book). The whales are just waiting patiently for innocent little fish like us to make mistakes. Even if you aspire to trade on a daily basis, sometimes it is better not to earn and do nothing, instead of jumping into the rushing water and exposing your coins to losses. From my experience, there are days where you only keep your profits by not trading at all.

I and my friend encountered this situation and I am sure many others would have too. Scammers contact the crypto users on telegram. They get your ID from crypto related telegram channels and then ask you for a help. The scammer tells you that he is not able to withdraw coins from an exchange and asks you help him by signing up on the exchange and withdrawing coins from there to the scammers address. In return they give you a few amount of bitcoins.
The scammers website asks you to deposit at least 0.01btc before you can withdraw any coins. People fall for this trap and hence get scammed.

Few of such sites built by the scammers: westcrypt.info  , monocrypt.info , cryptoelips.com , westerncrypt.com

Find the discussion from various other people here: https://forums.digitalpoint.com/threads/new-scam-site-danger.2842061/

Be aware guys. Do not fall for such traps..

THANK YOU

I've compiled a list with some interesting projects that want to implement a form of basic income through cryptocurrency and blockchains. For now, I've just added a link to their website and some basic publicly available information. In the future I'll add more information to this list, if people are interested.

I'm not that good in creating these extensive and visually appealing threads, so apologies for the not-so-compact layout. Definitely let me know in the comments if you know any other related projects that I could add!

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What is Universal Basic Income?
Source: https://en.wikipedia.org/wiki/Basic_income

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Legend
Green = UBI distribution has started
Red = Possible SCAM

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Altrui.st
This project originates from the Techcrunch Disrupt European Hackathon 2017 (Berlin) and won third price. The Deutsche Bank and ESRI APIs were used just for the purpose of the hackathon sponsor prices. We are rethinking that part.

Dev Post

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BIG Foundation
BIG (Basic Income Guarantee) is a concept of unconditional basic income implemented using blockchain technology.

Whitepaper

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Bitnation
Johan Nygren, a basic income activist, is currently exploring if basic income can be implemented using cryptocurrency. Cryptocurrency are digital currencies whose value and number of units are regulated by encryption techniques, outside of any central banking system.

Explanatory Article

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Circles
“Circles” will be a currency created from basic incomes only. In the system outlined in the following, new money is constantly distributed to every account participating in the system. The money in every individual account are uniquely identifiable and only gain in value if the account connects to other accounts and joins groups. This incentivizes every user to limit themselves to one account.

Whitepaper

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C.UBI
C.UBI is an initiative that proposes a preliminary framework to finance a universal basic income out of global resource usage, within the context of a circular economy and enabled by technology.

Manifesto

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Democracy Earth
With the rise of open source software and peer to peer networks, political intermediation is no longer necessary. We are building Sovereign, an open source and decentralized democratic governance protocol for any kind of organization. They have included Basic Income as part of their whitepaper.

Whitepaper

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Duniter
Duniter is a cryptocurrency software, which means it is a software providing the ability to create currencies. Duniter is different from other cryptocurrency softwares you may know (Bitcoin, Litecoin, Peercoin, ...) for 2 main reasons : its currency code includes the concepts of a Universal Dividend and Web of Trust; but also its Blockchain code, which is far more energy efficient, getting rid of the massive waste of energy introduced by Bitcoin.

Whitepaper

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Enumivo
The Enumivo Project envisions to provide a basic income (UBI) for all, on the premise that all citizens of earth have a right to an equal share of the planet's natural resources, a right as basic as the right to breathe air.

Whitepaper  |  Bitcointalk Thread

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GoodDollar
GoodDollar is the brainchild of Yoni Assia, eToro Founder and ColoredCoins co-founder.
The idea was first described in The Visible Hand (Yoni Assia, 2008), as a new type of money that has 2 main features:
It is transparent as it is based on blockchain, and every transaction is connected to a person.
It has a universal basic income, or social interest, based on social mining.

Whitepaper

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Greshm
Greshm is an independent basic income system backed by the US Dollar. You should be skeptical, but this is serious. We won't print money, but we'll be doing the digital equivalent. Project Greshm has developed a mechanism that allows us to continually create new currency without devaluing it against the dollar. This stream of new Greshm currency (XGD) will fund everyone's basic income.

We plan to organize the project as a nonprofit to manage the currency for the benefit of society.

Whitepaper

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GroupIncome
Group Income (n) is an efficient, fair, decentralized Basic Income system for you and your friends.

FAQ  |  Youtube Channel  |  Subreddit

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Horizon
Horizon NGO is the first decentralized platform for uniting universal basic income initiatives. We are an independent non-governmental organization offering a basic income token implemented on the Ethereum blockchain. This simply means that, through our crypto tokens, everyone can start building a basic income for him- or herself. Our job is to keep on gathering enough financial reserves to make regular payouts possible. For this, we largely depend on donations and partnerships both inside and outside the crypto world.

cutive Summary

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Kuwa
We are developing a cryptocurrency "faucet" to deliver a universal basic income (UBI). As part of the project, we will implement the Kuwa identity sytem.

Whitepaper

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Manna aka Grantcoin
Manna is the world's first universally accessible, people-powered alternative currency.
No matter who you are or where you're from, we believe you have a basic human right to share in the money supply.

Whitepaper  |  CoinMarketCap  |  Bitcointalk Thread

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Project UBU
We aim to create the world's first fully fledged decentralised currency that works to the benefit of everyone without relying on taxation.

Whitepaper

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Purpose/DUBI
Purpose is a token built on the ERC-20 Token Standard that allows people to contribute to its altruistic objectives by holding it. Its primary feature is its ability to generate a second token called DUBI (Decentralized Universal Basic Income) that is supported by a large community of activists, as well as an independent group of volunteer developers who work together towards
increasing DUBI’s value, in preparation for eventually gradually distributing it among the world’s population.

Whitepaper  |  CoinMarketCap  |  SCAM ACCUSATION

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Raha
Raha offers people around the world a basic income through their app. Snap a video to prove you're real, then start minting your basic income.

Raha Basic Income Explained  |  Google Play Store  |  IOS App Store

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Solidar(WEBSITE DOWN)
Solidar is a decentralized, distributed, peer-to-peer demurrage based, electronic currency designed to create an economic system based on stability and well-being of all the people. Solidar is distributed monthly to all network members as crypto-vouchers' universal basic income, to provide the satisfaction of human basic needs.

Project Info

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Steem Basic Income
Steem Basic Income is a social experiment to bring a basic income to as many Steemit members as possible. Members join by sponsoring others into the program. Steem Basic Income is delivered through providing regular upvotes to member content.

Steemit account  |  Discord

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Swift
Swift Demand is an attempt at basic income. Each user who is signed up for the service receives 100 swifts each day. No additional swifts can be created with time or resources. No user can gain any other 'advantage' when it comes to acquiring swifts.

Whitepaper

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Ubic
UBIC stands for Universal Basic Income Currency and is a blockchain -based platform that will distribute crypto currency under the form of an universal basic income.

Whitepaper  |  Reddit

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Ubit
UBIT - Universal Basic Income Tokens are an experimental function of the Unibit Blockchain. Participants will receive a set amount of UBITs weekly based on a tier system: Registered, Verified, and Permissioned. Verification processes will act as extended transaction layers (email, sms, etc). This prevents users from running multiple instances, and allows for a more fair distribution.

Github  |  Bitcointalk Thread

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Vialcoin
The First Cryptocurrency which strives to deploy a Universal Basic Income viable solution using the blockchain technology. Somebody still needs to work, but that somebody can be your computer. Deploy and earn using technology, while pursuing a career that truly fulfills you. We believe our world is in dire need of more people chasing dreams and purpose, and less people chasing money.

Whitepaper  |  Bitcointalk Thread

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ZeroPoverty
We want to eradicate poverty forever. We will do it by creating a cryptocurrency (like Bitcoin) to deliver a Universal Basic Income (UBI) to everyone. We recently launched The Crypto UBI Project (TCUP). We will finish implementing TCUP during August 2018. We will publish all TCUP software as a free open source project.

More Info

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* Updated: 27/09/2018

DISCLAIMER: Projects descriptions are copied from the respective websites, as to keep the information given as neutral as possible. The link in the project title will usually show you exactly where the text was taken from.

Sources + Interesting Links
https://cryptoubi.org/
https://cryptoubi.org/links
https://steemit.com/cryptocurrency/@daan/let-s-talk-about-universal-basic-income-list-of-ubi-coins (My own Steemit blog)
https://www.reddit.com/r/CryptoUBI/comments/86k4ax/complete_list_of_active_basic_income_projects/
https://www.youtube.com/watch?v=aJqguQqIJp8 (MetaCert Exclusive: Roundtable Discussion on UBI with Scott Santens and Eric Stetson)

THANK YOU!!!!