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mikehersh2 (OP)
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March 24, 2016, 11:36:28 PM |
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Still fairly new to BTC, and only make them with signature campaigns. However trading is obviously a major role in bitcoin. Can someone explain to me how it works, and how I can get involved?
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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adibe
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March 25, 2016, 01:32:59 AM |
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For me, it's like buying bitcoin when the price going down and sell it when the price is increase. For me the best sites is VIP bitcoin because it's the place where my country is supported.
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hasiramasenju
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Activity: 980
Merit: 1000
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March 25, 2016, 03:37:49 AM |
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For me, it's like buying bitcoin when the price going down and sell it when the price is increase. For me the best sites is VIP bitcoin because it's the place where my country is supported.
basically all you says it's true but do not forget all it must be do at the right time because if you buy and prices going down i'm pretty sure that you will loss and trading also good options to long term jobs because i saw that some people has go full time for trading because these jobs can give you daily profit |
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pooya87
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March 25, 2016, 03:44:51 AM |
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Still fairly new to BTC, and only make them with signature campaigns. However trading is obviously a major role in bitcoin. Can someone explain to me how it works, and how I can get involved?
trading is basically buying low and then selling it high. you just have to find those two prices on your own with some analysis. easy version is like this: for example right now bitcoin price is $415 so if you can find bitcoin at $410 or lower and buy you can make a profit by selling it at $417 and more. or you can buy at $415 and wait for the price to go up and then sell for profit. |
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Herbert2020
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March 25, 2016, 05:22:30 AM |
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you can choose whatever exchanger you like , it is up to you and your preference. here is a list of them with their volume and list of the coins and fiat that are being traded there:
coinmarketcap.com/exchanges/
my suggstion: kraken and bittrex
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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n0ne
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March 25, 2016, 08:57:01 AM |
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Localbitcoins looks to be the best for trading. It has made the process of trading very simple rather than trading through exchange websites.
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Kprawn
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March 25, 2016, 09:56:49 AM |
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You can try out this site, https://1broker.com/ if you want to take a crack at it and then use this as a guide http://www.bitbiz.io/threads/newbie-guide-to-trading-on-1broker.810/ to get you started. What is the level of your trading skills? It would help to give more detailed information on the subject. If you simply want to trade in and out of fiat, I would recommend using a local exchange. Some exchanges needs a lot of private information to verify your identity, so choose wisely.  |
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RealPhotoshoper
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Activity: 1050
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March 25, 2016, 02:52:08 PM |
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Still fairly new to BTC, and only make them with signature campaigns. However trading is obviously a major role in bitcoin. Can someone explain to me how it works, and how I can get involved?
yes,trading is major role in bitcoin,bitcoin trading is simple as we see when people buy on low price and sell high,but when we do it,i dont think i feel same like people,i dont know why,trading just get small profit. is suggest you to trade with big amount of bitcoin,and you will have chance to make big profit. |
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LFC_Bitcoin
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Activity: 3528
Merit: 9552
#1 VIP Crypto Casino
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March 25, 2016, 03:26:38 PM |
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I wouldn't advise to get mixed up in regular trading unless you have some kind of expertise in it OP.
Buy when you think the price is low & sell when you're happy with whatever profits if any you get.
Don't get mixed up with trying to be clever day trading, it usually only has one outcome.
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Aamir1
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March 25, 2016, 05:42:54 PM |
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I wouldn't advise to get mixed up in regular trading unless you have some kind of expertise in it OP.
Buy when you think the price is low & sell when you're happy with whatever profits if any you get.
Don't get mixed up with trying to be clever day trading, it usually only has one outcome.
That is exactly right, i myself never dared to try trading just because of that fear of facing a loss because of less experience, i never tried it that is why i am always afraid of doing it as i don't know anything about trading and market rates if when they are good for buying. |
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coinzat
Sr. Member
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Activity: 434
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Young but I'm not that bold
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March 25, 2016, 06:53:21 PM |
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there are two kind of trading for bitcoin. first one is to trade bitcoin to flat currencies like USD, EUR etc.. and the second one is trading bitcoin with altcoin and the second one is more risky as some altcoin has very volatile market and some of them are scam coins. you can trade in https://poloniex.com - https://www.bitfinex.com |
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3amsalem
Newbie
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March 25, 2016, 08:23:09 PM |
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i think trading is a risky busness because there is always someone who wins and others who lose so that makes it like gambling so if you know what are you doing go ahead if not i don't think you will hve a positive results
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Supercrypt
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March 26, 2016, 02:32:26 PM |
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Bit-x and Ecoin are good trading websites. It works the similar way like stock market and forex where you buy and sell bitcoins. You buy them at a lower price and sell them at a higher price (excluding the trading fee). LBC also has a trading option but the fee is quite high.
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Mystogan
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March 26, 2016, 02:50:40 PM |
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I'm using poloniex from a week. I like their layout and night mode lol. But i suck at trading opened account so I can buy altcoins.
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mikehersh2 (OP)
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March 26, 2016, 06:39:17 PM |
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I wouldn't advise to get mixed up in regular trading unless you have some kind of expertise in it OP.
Buy when you think the price is low & sell when you're happy with whatever profits if any you get.
Don't get mixed up with trying to be clever day trading, it usually only has one outcome.
That is exactly right, i myself never dared to try trading just because of that fear of facing a loss because of less experience, i never tried it that is why i am always afraid of doing it as i don't know anything about trading and market rates if when they are good for buying. So, are you going anything else for BTC besides signature campaign? |
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quentincole32
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March 27, 2016, 06:04:21 AM |
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Still fairly new to BTC, and only make them with signature campaigns. However trading is obviously a major role in bitcoin. Can someone explain to me how it works, and how I can get involved?
A major role of bitcoin are : 1. Economy Revolution 2. Technology and Mining 3. To the moon together 4. Trading is the last However if you want to start training trade, Try to trade your bitcoin to altcoin, and start trade altcoin with small amount only. Use your brain to sell your coin when the price high and buy when the price low. I recommend : 1. Bittrex 2. Poloniex |
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Pursuer
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Where is my ring of blades...
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March 27, 2016, 10:06:55 AM |
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Localbitcoins looks to be the best for trading. It has made the process of trading very simple rather than trading through exchange websites.
localbitcoins is a good place to buy bitcoin locally not for trading. although it is possible to do some trades on localbitcoins and make money from the big price difference, it is not the best suggestion especially to someone who has no prior experience with trading. I would suggest using the popular exchangers that are trusted (old) and still have a good daily trade volume. |
Only Bitcoin
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GermanGiant
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March 27, 2016, 11:57:25 AM |
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Still fairly new to BTC, and only make them with signature campaigns. However trading is obviously a major role in bitcoin. Can someone explain to me how it works, and how I can get involved?
Similar to any stock trading. Long, short, arbitrage --> Profit.  |
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aardvark15
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March 28, 2016, 08:57:22 PM |
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Trading with cryptocurrencies is just like trading with stocks. You can trade a cryptocurrency for fiat or for another cryptocurrency. The trick is finding an exchange that is both trustworthy and has the trading pairs that you want. I'm having trouble finding one that works for me. Cryptsy was the one I used and I liked the trading pairs, but they stole my money. So be careful!
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