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 — where people pay a premium to insure their health. In fact, we could say that insurance providers are simply options sellers!

Here’s 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 — 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/

 

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?

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.

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??

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

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?

here is my first  chart  for ETH i hope it helps

and my analysis can help you to make better profits

---

2nd analysis 

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ETH JUST FORMED SUPPORT 338

MORE UPSIDES SOON !! BULLISH !!

---

eth formed 342 support  more upsides likely

[moderator's note: consecutive posts merged]

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.

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?  

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  but my profit-making got better with time.

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.

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%

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 – 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.

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

everyday new trader born, ready to send their money to "big guy"

My Luck is not for Trading, I think Trading is not for Me.  I try it many times, and I understand that trade isn’t for me. Every time I lost my Satoshi on Buy/Selling,  because i haven’t any expression about Coin Chart, buy, sell, and about more.