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721
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Economy / Trading Discussion / Re: How to start: Daytrading?
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on: March 05, 2020, 10:04:18 PM
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Top 3 things to look after?
To my knowledge the top 3 things to bear in mind are, cover your basics, don't invest more than you can afford and set yourself a deadline for when you're going to stop day trading and asses how it all went. Also, can use tools but I wouldn't recommend them at the beginning, give yourself some time before you use them as you'll need to first understand how they operate. |
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722
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Economy / Trading Discussion / Re: 5 mistakes every crypto trader should avoid
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on: March 05, 2020, 07:56:27 PM
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The advise is all great but most of us already are aware of these rules, the only problem though is standing by them as emotions can often drive our actions much more than we anticipate. One aspect is that no one really knows for certain when and how much to go in and so inevitably there will be times when one makes a loss but at least its all part of the experience and one hopes that these mistakes get minimised overtime.
And this is the thing, though, although we hear and know what to do when it comes to trading it's like we don't respect those unless we experience the pain - funny isn't it!
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723
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Economy / Trading Discussion / Re: Are you holding Bitcoin?
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on: March 05, 2020, 07:52:37 PM
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Well, since the recent crush where I set up a stop-loss I felt it was too risky to go back in and now that the market seems to be booming again I'm thinking it's probably going to go big this time but I'm still playing safe and haven't bought in yet  It's just so frustrating  seeing how easily you could be in profit and even faster in a loss. It's all so crazy, so I'm going to sit on it for a while before going back in! |
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724
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Alternate cryptocurrencies / Marketplace (Altcoins) / Re: I have 2,600 TRON and want equivalent in BTC
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on: March 05, 2020, 12:17:59 PM
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Hey everyone Pretty much the title - I have 2,600 TRON and want the equivalent price in BTC. If anyone know any changers like Shapeshift that can do this too, please let me know  Heya, that's fair enough and rather than suggesting some changers that can help you out with this transaction I'm suggesting bestchange, an online platform that houses hundreds of exchange platforms. The webpage link is here: https://www.bestchange.com/You can see that after going to the main page, in the coins list is TRON so if you were to use this platform then you shouldn't have any issues. I hope this helps |
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725
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Economy / Trading Discussion / Re: Which is Best Trading or Freelancing?
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on: March 04, 2020, 11:06:51 PM
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I think they're both very good options of making money following a lot of hard work. And if I was to give you my honest opinion then, whether trading or freelancing is best, I think is something completely dependent on you and what you're good at and like doing.
Like I said the 2 options are great but both require that extra bit of effort, in terms of self-motivation so it depends on your skills and what you enjoy doing too. That's my honest opinion!
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726
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Economy / Trading Discussion / Re: Stop Loss, A life saver or a evil?
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on: March 04, 2020, 02:24:11 PM
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I really like the stop-loss option, to me at least, it provides me with so much more flexibility and often if the market trend goes the other way to what I expected and thus set my stop-loss is usually because of the volatility and I don't really put the blame on the option.
It's frustrating when you buy and sell at the wrong times but having a stop-loss is definitely better than nothing!
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727
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Economy / Currency exchange / Re: A question about exchange rates
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on: March 04, 2020, 10:21:08 AM
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The answer above is related only to P2P transactions. Heres my answer for online exchanges: Fixed rate exchanges offer in general higher rates for buyers and lower for sellers, the spread is bigger. I only use real exchanges that offer no coins but a market and I use relative low(buy) limit orders. This only works well on big exchanges with a well filled orderbook. The bigger the exchange, the smaller the spread. You almost always can beat the price of a small fixedrateexchanger who trades with his own coins. In many cases the market maker pays less fee than the taker. In that case it makes even more sense to set a limit order below(buy) or above(sell) spread. The more volatile the market situation is, the better your chances to make good deals. But with low(buy) or high(sell)limit orders you need more time for execution. Also very often the fees at fixed rate exchangers are higher compared to real exchanges. Include the fees for deposit and withdraw in your calculation. If you exchange low amounts, g.e. 0.1BTC, it might be cheaper(and stressless) at fixed rate exchangers like changelly. Consider a third way if you dont include fiat in your trade: Use decentral exchanges wherever possible. If you trade eth-erc20tokens, use tools like https://dex.ag/, where you get automatic the best rates of several dexes. If you trade different blockchains, give waves a try(relative good volume for BTC,ETH,XMR,LTC). In the same thought of line as @mr.relax, in stance of the market volatility and considering that you're trading for a profit rather than a loss, generally float rates are more advantageous to use, they're safer for a trader at either end of the spectrum, either buying or selling. On the other hand, fixed rates aren't completely bad, they too can be good to use in certain circumstances like when you deal with small amounts as you can minimise the loss. The bottom line is that whether you use one or the other, it's difficult to judge per say which one should be used as it depends on the situation, though more often you see float rates |
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728
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Economy / Trading Discussion / Re: Trading for Beginners?
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on: March 03, 2020, 11:54:04 PM
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If you know to yourself that your not that skills yet or don't have any idea or knowledge about in trading better for you not to proceed it. Instead, you better begin with learning, feed yourself first about idea, knowledge and more about in basic skills in crypto trading dude.
with this for sure in the end once you are ready, it will be easy for you to get profit when you do trade in the actual platform exchange.
I couldn't agree more with @jcpone it really is super important to know what you want and the process/es required to do so. Often, people get it wrong at first because they don't understand what they're doing and due to those few instances where they'd obviously lost money they become disheartened about trading, and that's a shame because it can be a decent way to make spare cash, if one knows how to do it and when. To get a good coverage of what trading is all about and which exchanges, or what apps to use to track your portfolio, there're many resources out there that can help so just a quick Googling often provides you with more than enough digestible info. |
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729
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Economy / Trading Discussion / Re: What tools are not enough for you to interact with cryptocurrency?
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on: March 03, 2020, 10:33:09 PM
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Hmm, 'scratch' is the word that stuck with me from reading your post and to be completely honest having this amount of enthusiasm is great and the fact that you both want to be active 'cryptos' would definitely be good not only for you as you'll be learning a lot but also for the community. I'm concerned though that what you're asking and the answers you might be getting might make you give up but don't give up. It would be a difficult challenge and a lot of time and some money will need to go into making this a thing, maybe having it all on a website or something  One tool that I think many people would appreciate is direct price comparisons and live rates from different exchanges? |
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730
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Economy / Currency exchange / Re: Have $20 zelle need bitcoin
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on: March 03, 2020, 09:26:02 PM
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Is $20 even enough to even bother buying BTC? Anyway, if you're really determined to press ahead with this if you Google "exchange zelle to btc" you'll get enough results with the top search platform already being quite a well known exchange. I'd imagine you might consider this as possibly not many people would want to trade such a low amount, but who knows - I could be wrong |
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731
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Economy / Trading Discussion / Re: Trading Options is a bit overwhelming for me. Any Suggestions to make it easier?
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on: March 03, 2020, 05:43:16 PM
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Are there any guides that could help me understand trading options? or any platforms that makes it easier for trading?
By now what's great is that you realised there are way too many trade options out there and they all have their own perks and what not but if you know exactly what you want to do and which strategies you pally you can already start to eliminate a lot from the huge list of exchange platforms available out there. What I'd advise first of all is to understand how trading works and its operations in general. Once you get a good understanding of that, you can then move on to do experiment that on some of the most well known exchanges, sone you might have probably heard a lot about is Binance, and if that doesn't suit you needs maybe try a platform that houses a lot of other different exchanges like bestchange. I have used this platform myself when transitioning between different altcoins and I had no problems. Just experiment at your own will but do remember it may be risky and you might lose money, especially at the beginning. |
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732
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Economy / Trading Discussion / Re: Anyone trust cleo.one trading platform?
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on: March 03, 2020, 02:45:03 PM
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Hello people,
Looking for objective useful comments on cleo.one services evaluation.
I have registered, more on a let me see what's this approach, but still not sure if I will actually use it.
I have found an unplaesant term of service, user gives them Realty's royalty free rights to use or share the user trading robot strategies. Other then that some review sites have positive, negative and in-between alleged user reviews.
For a play and learn, or a side work, it seems ok, for a professional, not really a good ideia.
Anyone has a tip or contribution?
Thanks,
We live, we learn. Hoping for a better tomorrow. Not actually hopping for a revolution.
Giving the bot strategies royalty free rights to users for uses seems like an idea based on altruism, I suppose which could be accepted or not by the users, depending on their motives and values. Unfortunately, I haven't had the pleasure to deal with them or have heard from anybody who has, but if in doubt why not try others? There're so many more out there you could chose from |
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733
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Economy / Trading Discussion / Re: What is your trading app?
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on: March 03, 2020, 09:57:57 AM
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May I know your trading apps guys, so that I can choose a better one trading or best trading app?
Heya, the thing is that there are so many crypto apps that people use that would make it quite difficult for you to choose and pick but you should know which one suits your needs better The list can be overwhelming so thus I'll provided you with an article which lists some common and some less common ones that people often use, you can read about them here: https://themoneymongers.com/best-cryptocurrency-trading-apps/Alternatively, if you just want an app with lots of different platforms that you can then choose which one to trade on, depending on your currency bestchange may also be a start They have over 300 verified platforms in one place. Anyways, I hope my response together with that of others will help you choose whichever one you think is best for you! Best of luck |
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734
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Economy / Trading Discussion / Re: Trading vs. Investing.
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on: March 02, 2020, 11:11:25 PM
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Trading and investing are two different ways to make money, though only if the person operating it knows what they're doing. They are both risky and requires regular update of the industry and market in general, and they both take time to master.
However, I see trading more as a short-term risk and immediate return while investing is more long-term, so they both have pros and cons. I personally prefer investing over trading because it suits me better but there're also people who prefer the opposite.
Finding which one of these 2 suit you best is something, I think, is worth finding out. Like I said, they can be both as risky as it is rewarding.
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735
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Economy / Currency exchange / Re: I have PayPal balance i want ETH or BTC
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on: March 02, 2020, 08:05:10 PM
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Hello. I have paypal balance, verified account and i want to buy eth fast, maybe btc but i prefer eth for now
My paypal is verified and the funds are in the account balance not from card.
Please send me a msg on telegram if you want to sell me eth btc for paypal. I want to buy 200$ worth of crypto.
my telegram : @marian12022
Heya, I'm just curious, is there any reason why you're not using exchange platforms? There are many reputable ones out there that support instant transactions and usually its very rapid also. I usually prefer using them over finding random people which of course you'd need to trust them with your money, and sometimes an escrow could be arranged. For me going down this route its much more complex rather than doing it over exchanges where at least the different platforms have been verified and there will be no need for an escrow or other checks. |
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736
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Economy / Trading Discussion / Re: Bull and bear market.
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on: March 02, 2020, 06:23:16 PM
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There is a bull and bear market. In which market is it hypothetically possible to make more money? In which of these two markets do people usually make a profit? And how to determine the beginning and end of one of the markets?
That's the billion dollar question, isn't it? If people knew exactly when the beginning or end of either bull or bear market was more and more people would not complain about the market being so volatile. The reality is, however, that one can only predict when these happen and that doesn't necessarily mean that they get it correct either because there are a lot of factors some of which are clear and some which are not, that determine which way the market goes. As when do traders make most profit, well I say it all depends on the trader and how they trade as such it's very difficult to say precisely but often I tend to have better days during bull market. |
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738
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Economy / Trading Discussion / Re: Crypto Charts Are Garbage
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on: March 02, 2020, 11:22:03 AM
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Anyone sick and tired of articles citing charts? I’ve been in stocks for 10 years and I know how to read them. Bitcoin/crypto isn’t candle based.
The problem isn't in the charts themselves, the problem comes from the people reading and interpreting the charts and in this case it's the article writer. This in fact is a challenge because unlike you many people go by what the 'interpreter' tells them and obviously that's not going to do any good. Many articles cite charts because it makes their work more credible but one must be mindful about how these charts are being read. It seems that what you're picking on is the sole fact that they include it rather than misinterpreting the charts - 2 different things! |
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739
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Economy / Trading Discussion / Re: Want to learn trading
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on: March 02, 2020, 09:45:13 AM
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Hello guys! Well, I have known about crypto for a while, but never really gone into trading.
Recently I got an interest in crypto trading but didn't know anything about it. So, If anyone here can guide me from where to start and learn about trading?
Do tell me if there is any course available online, free or paid? Maybe in Udemy?
Would be a real help. Thanks!
Heya, I'm glad you're being sensible and asking for help on acquiring the knowledge first rather than asking for exchange platforms or trading strategies. I think this is a really good start for you. Udemy does some courses in crypto trading and it's quite cheap but sometimes I found that I was able to get courses for free also by finding various codes or using their own promos - maybe you get lucky too. Anyways this is one of the courses they do: https://www.udemy.com/course/cryptocurrencytrading/There're also a lot of other way to learn like reading article and so on, one of which you can read here: https://www.tradingheroes.com/cryptocurrency-trading-guide-beginners/Happy reading! |
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740
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Economy / Trading Discussion / Re: Crypto Trade Managers
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on: March 01, 2020, 11:56:55 PM
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One thin I can tell you for sure is that you should have some trading knowledge yourself, otherwise no matter which broker, or trade manager you manage to find despite most of us telling you on here that this is not the way to trade. At some point you will get ripped off and scammed.
Best to try platforms, many of which you can find in one place as up to 300 of them have been verified and registered with bestchange, but this is only one idea of many btw, there you can try trading by yourself little by little or else use the bots. Sometimes bots can be more trustworthy than people!
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