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1  Economy / Trading Discussion / Re: Insure your Bitcoin with options on: August 04, 2020, 05:44:57 AM
Always getting REKT by the volatile crypto market? You can insure (aka hedge in trading terms) your crypto assets with options trading.

What does this mean?

Hedging is a trading strategy to reduce or eliminate the risk of holding one position by taking on another position.

One simple example is to compare it to insurance, which is basically a form of hedging.

How do options come in?

Options and its trading terminologies may sound complex. However in layman terms, the mechanics behind options trading can be referenced to the insurance industry ó where people pay a premium to insure their health. In fact, we could say that insurance providers are simply options sellers!

Hereís an example of how you can use options to insure your BTC.

Example: Insuring your BTC by buying a put option

If you hold 1 BTC you bought at $7,000 and is long term bullish but afraid of short term volatility, you can buy a put option priced at $200 to protect your position against a possible crash.

If BTC nosedived, your maximum loss will be capped at $200.

If BTC dipped to $6,000 on Settlement Date, you will lose $1,000 value from your BTC. However, your put option will have an intrinsic value of $1,000 and can be sold for that amount thus offsetting potential losses and limiting your loss to your Premium Payable.

Summary

Options can be used as an effective hedging tool ó as a protection against market volatility for cryptocurrency holders or as part of a wider trading strategy for professional traders.


Read full article with accompanying images here: https://blog.sparrowexchange.com/insure-your-bitcoin-with-options/

 


Sorry for being noob dude, Can you briefly explain or summarize it in simple explanation about sparrow exchange, what doesn't it means?
am I gonna invest in it then has a similarity of staking? Just not so sure if I am correct to my understanding, but anyway I think this will give me a bit of help to me.
2  Economy / Trading Discussion / Re: Your Best trading platform is? on: August 04, 2020, 05:34:30 AM
Crypto exchange platforms.

I've been studying the exchange platforms available for crypto trading and I saw a list of ten top crypto trading platforms from Cryptodetail.

I'll list below in order of rating.
1. Coinbase
2. Binance
3. CEX.IO
4. Localbitcoins
5. Bitfinex
6.Bittrex
7. Kraken
8. Coinmama
9. Changelly
10. Prime XBT


In that ranking order we can see that Coinbase is the top and probably the best trading platforms. I found out that coinbase doesn't only offer trading services it also license other businesses to use its API for crypto payment related transaction.

I want us to discuss on the following areas.

1. From your experience which of the trading platform has great features and epic user experience (UX) that new traders should learn to use.

2. What is special about coinbase that almost all the website are ranking it to be the best crypto trading platform?

no offense dude, most of your choice is not good exchange in my own perceptions.
Binance and Bittrex are the only platform that are good in my own opinion. In short, majority of the
platform you stated are terrible.
3  Economy / Trading Discussion / Re: How do you make `Trading` profitable? on: August 04, 2020, 05:15:23 AM
This is my long-standing question - How do you make Trading profitable?

Now let me explain the point:

I am doing trading in shares, stocks, commodities and cryptocurrencies since last few years. Most of the concepts related to trading such as Trend Analysis and Fundamental Analysis were part of my professional course which made me interested in trading since I was student. Over the years I have been able to read trends accurately many times and bought cryptocurrencies at times immediately before upward trend. But one thing is still mystery to me, when to sell?

For example, around 10-12 days ago, I accurately predicted the upcoming rally in bitcoin price and long 0.50 BTC at the leverage of 25x @ $9150. Two days later, price rose to $9350. I already made 56% return on my investment in just 2 days. Now this is critical point where I always become blank. Once I made profit, I couldn't predict whether it is good to sell or hold for more profit. No matter what I do, I always make wrong choice. Actually I sold my futures at that day but imagine if I didn't sell, my investment would be up by 538%!! Imagine the profit of 538% in just 10 days!!

Same things happen opposite too. Lots of times, I keep holding coins due to FOMO and lose the chance of making profit. Suppose if I would still be holding my futures and didn't sell them today, price may fall again tomorrow and I may have lost the chance of making 538%.

Let me rephrase my question again for better understanding: Which signals, what techniques, which movement do you consider while making selling decisions so that you always make best possible profit in the given scenario? If I chose right time to sell my futures, I would have made 10 times more profit.

it seems that you have a lot of good experienced in crypto earnings mate.
in my experience regarding about doing day trade I also made profit every week on which is not
bad at all to be considered because I can able to sustain all my costing monthly, just like that.
4  Economy / Trading Discussion / Re: ProBit exchange and their poor support system. on: August 04, 2020, 04:31:09 AM
I have to use so many exchanges because I am a bounty hunter and I hold some coin.Recently I am using probit exchange.So far my experience is good but 4-5 days I have a problem after deposit.I have deposited 1.16 BNB from Mxc exchange to Probit exchange.But mistakenly I didn't use memo while depositng BNB.So its natural that my deposit has not come.So at first I didn't know I didnot use  memo so I have mailed mxc exchange first and they send me transaction id and told me to ask probit exchange.And they gave me eply within 20 minutes.And I have contacted probit like 4-5 days ago.But they didn't give me any responses.Bot replied and told me they will contact me.So far they didn't contact me.

So I am very disappointed with Probit support.So do anyone know how many days require to answer by probit support.I think its not very good for exchange that don't have a live chat support and don't reply messages for 5 days.

And last will probit give me my BNB back or it will lost forever??

Usually, the support team will reply to anyone who has an issue for a couple of minutes or an hour only. But if they didn't respond for more than 1 day, well that really something for me. I think there is fishy going on to that exchange platform anyway. But try not to stop messaging them about the issue you have.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you agree with the experts? on: August 02, 2020, 04:45:42 AM
Well, COVID to be honest has nothing to do with the price happening now in cryptocurrency or bitcoin.
In short, there is no connection or very irrelevant. And it's not because you are an expert it means you're telling the
truth completely, I doubt that. In fact, even I'm home I still got earned with bitcoin or altcoins actually.
6  Alternate cryptocurrencies / Bounties (Altcoins) / Re: Atomars exchange & ADAMANT Messenger bounty campaign on: August 02, 2020, 03:40:25 AM
You first have to send me the tokens I earned on your project, until now I have not received a bouny, so I would say the project is dubious, you are already opening several threads on this forum, but I suspect none has yet get something from you

The platform was too suspicious and you were right it is really dubious, I hate to say this I tried to sign-up using my
the old account even I already clicked the activation on the spam message the was still not valid, that means there is something
fishy with that platform exchange anyway.
7  Economy / Trading Discussion / Re: Which is more profitable, trading with Forex or trading with Crypto Currencies? on: August 01, 2020, 12:02:05 PM
I used to trade with Poloniex but I do not earn a lot, my loses from trading is higher than my profit, I think due to Bitcoin crazy price up and down. Until I try Forex trading using WhaleClub, where I trade currencies using Bitcoin.

To be honest I found trading with real currencies like: GBP/USD, EUR/USD is more profitable than trading with BTC/ETH, etc..

Do you agree?

Excuse me, no offense but I beg to disagree with your statement. Because to be honest it is much better to trade cryptocurrency/Bitcoin rather than Forex. You know why? because of the volatility they have compared with real currencies you've mentioned at the above. This was already proven and tested to me for a couple of years now.
8  Economy / Trading Discussion / Re: A good advice for every traders. on: August 01, 2020, 11:46:53 AM
Being an individual trader first you need to have Passion, Self-discipline, determination, and Patience also you must
know how to use TIMING in the actual trading too. These all will definitely give you a good guideline behavior as an individual
crypto trader.
9  Economy / Trading Discussion / Re: im crypto trader and analyst on: August 01, 2020, 10:56:55 AM
here is my first  chart  for ETH i hope it helps

and my analysis can help you to make better profits Smiley





2nd analysis 






ETH JUST FORMED SUPPORT 338

MORE UPSIDES SOON !! BULLISH !!



eth formed 342 support  more upsides likely

[moderator's note: consecutive posts merged]

Were all these based on your experience in the actual trade you did dude?
There's some kinda bit confusion regarding what you are trying to emphasize.
Isn't it much better to use some other platform giving a tutorial about crypto trading?
Well, anyway, I respect your view, a good day.
10  Economy / Trading Discussion / Re: Those reliable exchanges on the market on: August 01, 2020, 10:46:27 AM
Binance has demonstared trust over time even when they were hacked. Bittrex also seem decent and I am on a look for BitMax, they are currently doing well beyond my imagination.

I have no doubt using Binance. But Bittrex is now requiring KYC, so not using that exchange anymore. I used to trade some alts before in Bittrex. Other exchanges mentioned by the OP are popular ones. But even though they are known to the community, it is always better to safeguard your coins. So as much as possible, secure your coins in your own wallets.

Binance is no doubt much better than Bittrex at the moment. Before I like Bittrex but until one day they disabled my account all of a sudden,
due to that, I need to submit KYC then my assets were there I submitted or comply the KYC for the sake of my token that was stored on Bittrex
then after I verified my KYC I withdraw all the assets I have in there. One more thing Bibox, Lbank, Houbi, and Okex was also a good exchange too.
11  Economy / Trading Discussion / Re: Crypto volatile again, Whats stopping you from trying Options Trading? on: July 31, 2020, 02:03:38 PM
Here are some benefits of Options Trading, especially in a volatile market like Crypto:
Leverage and limit risks while getting higher potential returns - Option trading is very attractive for small pocket traders. By taking position in options, one can reduce the cost significantly.
For example,
It's Monday. BTC @ 10k
You buy a put for 1 BTC @ 9k expiring on Friday for $100
[if BTC falls below 9k, you can force someone to buy your BTC at 9k]
Wednesday, BTC flies up to 13k. You won't get stopped or liquidated. You are fine. Keep sipping your cocktails.
Thursday, BTC flies down to 7k. Still not your problem.
Friday, BTC settles at 8k at 4pm Singapore time.
Your profit is: 9k (strike price) - 8k (settlement price) - $100 (cost of premium) = $900
$900 profit from using $100. 9X return.

In the alternate scenario, BTC settles at 20k. Your maximum loss is still 100$.

Works in different market scenarios - One of the key advantages of options trading is the flexibility of changing strats as per different market conditions. There are various strategies for all kind of markets, whether bullish, bearish or sideways

You can hedge your trades to protect them from incurring losses.

Remember, shorting is a dangerous game, why not try options and limit your risks peacefully?  Cool

Your explanation was totally giving me a confusing on my part dude, Honestly, I don't get what you just said in the above..
Just what I understand is when I do trade I analyze the buyers and sellers in chart graph then, when I see that there is a chance
for me to gain I will set the price for buy and sell support, just simple as that.
12  Economy / Trading Discussion / Re: Am I missing something ? futures trading on: July 31, 2020, 01:44:17 PM
First rules of the game; Put in what you can afford to lose in case things don't go as planned.  Crypto markets are so unpredictable and very volatile, You can make a lot of profit or lose it in a very short time frame.

If I were you I would keep with the small amount until I master and get used to the movements of the markets. I personally Lost slightly over 10 ETH when I was learning futures trading  Grin but my profit-making got better with time.

Ye, you are correct mate I support your answer very well. Because if anyone can't afford to lose anything they are suitable to stay here for long because everything will just turn into nothing but waste garbage. However, when I do trade in the actual market I always make sure before at the end of the day I get profit.
13  Economy / Trading Discussion / Re: How do you make `Trading` profitable? on: July 31, 2020, 01:30:33 PM
We all know that most of the altcoins are volatile in the market. Meaning, there is no chance for us to
determine if it is profitable or not. This will depend on our hands if We get profit or not. Besides, trading is not that easy
as others expecting it. But this trading really needs skills, understanding, and patience as well.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Do i get scammed? he want my encrypted wallet hash? on: July 27, 2020, 01:21:16 PM
I bough some TrustSwap and now on discord the offical "Jeff Kirdeikis" writing me i
have a bug where i will looose 90% chance my coins in my metamask wallet when i transfer.
he need now my encrypted wallet hash to investigate in this.

This sounds really scammy....
could anyone help me??

[17:15]
you try to make a new signature on a transaction and it may not work causing it to be lost forever
[17:15]
which is why as I said I advise you not to move anything just yet
[17:15]
we're in the early stages of investigating this issue
[17:15]
can you get to your computer now?


Jeff Kirdeikisheute um 17:16 Uhr
there's around 90% chance that you'll lose coins
[17:16]
don't say I didn't warn you.

Sorry, But I'm not quite familiar with that wallet. And aside from that I don't trust with the discord apps.
Because this apps was also being used most tf the time by the opposrtunist or scammers to find collect fund
from the investors. just simple as that.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: The success of IEO is Exchange on: July 27, 2020, 01:08:41 PM
The success of ICO lies in the hand of huge partnership support, huge investors and trust but since scammers canes around ICO trust was ruined but now what we have left is IEO, and I will keep repeating myself over and over for new projects that the success of an IEO is top exchanges, no matter how good your use case is, if you choose p2pb2b or vindax over Okex or binance just have it at the back of your mind that failure awaits you with 80% chance over 100%

Certainly, you are correct mate, if the exchange is not on top in the market for sure the coin will be list on that platform
will not become successful in the end. This will exist only for a short period of time. However, if the coin will be list on the exchange such as kucoin, Binance, Bibox, Houbi, and more that are on top surely the coin will become successful in the end.
16  Economy / Trading Discussion / Re: Where could i learn about trading? on: July 27, 2020, 12:57:11 PM

In addition to this, I'd recommend the following resources:

[1] BabyPips School of Pipsology: It's straightforward and comprehensive. You can skip the first few sections about forex and move to the real stuffs Ė Technical analysis, Fundamental analysis & sentimental analysis. It'll give you an in depth knowledge of market. It's one of the best (and free) trading resources I've seen till date.

Url: https://www.babypips.com/learn/forex

[2] YouTube: If text-based learning isn't your thing, you can utilize youtube. There are tens of thousands of videos to learn trading with. Just sieve through and pick good videos and learn at least 1-2 hours daily. You'll get up to speed in due time.

Isn't the babypips has a monthly fee? is there a free training for trading tutorial for this platform?
Although, I know there's a free tutorial crypto trading in crypto but honestly is not that easy to understand even
I watched them till the end of the tutorial.
17  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price prediction! Something happens. on: July 27, 2020, 12:33:44 PM

Look at ETH price trend! Is it a bull market?
What do you think ETH future price trend?
Please leave your comment and discuss it together!
#ETH #Blockchain #cryptocurrency

To be frank, I don't see the image you used here in your topic mate. But if you are asking the future price of ETHEREUM,
well my answer is I don't know. Because as we all know the market in cryptocurrency was too unpredictable and most of the price of the altcoin that is potential in the market is so volatile.
18  Economy / Trading Discussion / Re: Hire Crypto Trader on: July 27, 2020, 12:20:23 PM
everyday new trader born, ready to send their money to "big guy"

This is true and correct, But as much as we can let us trade what we can afford to lose.
And day trading I think is one of the best tools for us to earn crypto or bitcoin. This is what I did
actually for a year now. And it's been very helpful to me honestly speaking.
19  Economy / Trading Discussion / Re: Finding Altcoins With Potential on: July 27, 2020, 11:58:12 AM
As far as I know, there are many options for us to find a good and potential altcoin.
One of these is Coinmarketcap(CMC), Cryptomarket, Coingecko, and More. We can also use news update
platform about in cryptocurrency.
20  Economy / Trading Discussion / Re: Trade isnít for Me guys. on: July 27, 2020, 11:11:02 AM
My Luck is not for Trading, I think Trading is not for Me.  I try it many times, and I understand that trade isnít for me. Every time I lost my Satoshi on Buy/Selling,  because i havenít any expression about Coin Chart, buy, sell, and about more.          

Trading is a business type if you think that this is a place where you can find your luck of course not! it's for you may be because you are full lack of knowledge. Trading needs time to spend to learn or study about it. It also needs time to spend to gain a lot of ideas about it for us to earn big in the future.
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