How do you trade with crypto currency?

[PacePay]

Usually i choose the altcoins with big potential to trade and i avoid the shitty new coins. There is some known altcoins actually used by big community and their prices is increasing as well

Sometimes I also search for those coins for which will have a bigger volume of trade and which will have higher fluctuation rate, with these kind of coins I am able to earn a faster profit, but in some cases when I imagine a good profit from a coin then I do not care that this coins is new or older.

[Indrawan77]

Usually when i do trading i am searching for the updated news, then i find coin with the high trade and i tried to purchase various alt coin, the key to my trading is news and patience, well i havent earn a lot for now but i think i still earn some profit

[Backside walkaround]

Listening to tips can be dangerous.   If you want to conduct an orchestra,  you have to turn your back to the crowd.  I forget who said that, but I've always stuck to it with investing.  It's often the best course of action to not do what others are doing and vice versa.   This forum is sort of an echo chamber of bulls but most people are NOT investing in bitcoin.  That's all the tip I need.

[electronicash]

Most of my trades are only base on the news I've received and tweets from the dev team of the coins i've follow. That's just it and i get out immediately after selling the coins unless i have so much trust to the devs.  i wonder how OP did the technical analysis and which indicators he is using.

[elDano]

It is quiet easy to trade with the cryptocurrency's because every person who is dealing with the crypto tokens wants to trade with you not everyone off course some people just want to store them but there are plenty enough.

[gkv9]

I trade altcoins like Monero, Ethereum and its classic version, and I trade them based on their announcements, and especially the most important thing, and that's people's sentiments... I try and watch and see how's everyone reacting upon market's moves regarding that crypto and I act accordingly...

[vhong]

I only trade those popular coins with a lots of volume, user support and always have good news about the development.

[serjent05]

I only trade those popular coins with a lots of volume, user support and always have good news about the development.

I do trade  them too but I'm more interested on the  high risk high profit coins.  Those that is labeled or potential Pump and Dump coins.  You can earn 10x easy with  these coins but well if your unlucky you will end up bagholding useless coins.  Though Im interested in this type of coins, i never comment in their thread because i know it  willl be gone soon. so why  waist my time.

[Barraken]

I only trade those popular coins with a lots of volume, user support and always have good news about the development.

I do trade  them too but I'm more interested on the  high risk high profit coins.  Those that is labeled or potential Pump and Dump coins.  You can earn 10x easy with  these coins but well if your unlucky you will end up bagholding useless coins.  Though Im interested in this type of coins, i never comment in their thread because i know it  willl be gone soon. so why  waist my time.

I do not trade the high risk high profit coins. I only trade the Monero, Lisk, Dah or Ethereum, they are safter.

[iv4n]

I don't know how to explain how I trade, I go to yobit and then watch market. After some time I decide to buy and wait for rise. I'm not for waiting, and I go there to have fun while I buy and sell coins, and playing like I'm on Wall street. That is interesting for some time, and then it become boring when I see that I lost a lot of money. I think I will stop to trade soon, I had fun but its not for me. I think I don't have good prediction skills with altcoins.

[MFahad]

Hi there,

I've started trading a few months ago with a very small amount and it was quite effective for me. 80% of my trades are based on technical analysis and 20% on rumors, tweets, announcement, etc.

I'm curious what is the most common technique do you use for trading?

Good luck,

Yes, actually in crypto trading i also feel rumors are here, and sometime i can't think that what will be the right price of that currency which i buy it, and later on i realize nothing is happen as i think about it. So that why i remember one thing, if you have correct information about cryto currency, than you will earn money from trading.

[belfricsbitcoin]

The most important aspect of trading any asset class is the effective money management rather than the trading technique. If combining technical and fundamental analysis can give a full proof profit formula, then every trader should be making money with all the modern algorithm tools that are available currently. The price movements are cyclical in nature. Traders get in to a cycle where the market moves as per their intutions and calculations. This gives the confidence for the trader to bet more and stay constantly invested in the market. When the market turns against the traders calculation, the ego to accept losses and the confidence attained from the previous positive trades will make the traders to loose more than what they have earned. Hence, be it crypto currency, Forex, stock or commodities, the most important trading technique will be to do proper money management of his portfolio and manage effectively his 'planned risk' versus the 'actual risk'.

In regards to trading crypto currency, depending too much on technical analysis could be disastrous as the digital currency market is not mature enough yet. Technical analysis proves prudent when the traded product has huge liquidity and wider participants. Current volume traded in digital currencies are far less as compared to the FX and equity market. Hence external factors like government interventions, technical hitches for the underlying blockchain, security concerns etc can induce huge volatility to the digital currency.

Keeping a close watch on the latest activities in fintech news in regards to blockchain technology will be a good benchmark to ascertain the sustainability of the cryptocurrencies. At this initial development phase of cryptocurrencies, fundamentals should be given equal importance along with technicals.


Regards,
Belfrics Manager,
Belfrics

[BlackPanda]

The best technique in trading is patience attention. when you can put up with much stronger then you can get the chance to benefit. advantage can be achieved with patience. but see also the luck factor. luck is also part of a point that can make you rich.

[dunfida]

Hi there,

I've started trading a few months ago with a very small amount and it was quite effective for me. 80% of my trades are based on technical analysis and 20% on rumors, tweets, announcement, etc.

I'm curious what is the most common technique do you use for trading?

Good luck,

Yes, actually in crypto trading i also feel rumors are here, and sometime i can't think that what will be the right price of that currency which i buy it, and later on i realize nothing is happen as i think about it. So that why i remember one thing, if you have correct information about cryto currency, than you will earn money from trading.

Crypto trading is not easy as it sounds because as we can see there are lots of coins are existing as of now and  most of it are just scam coins which pump just once and dump forever which is  really a waste of money thats why  if we intend to  buy a crypto we must do some research first if  it is a potential coins.

[ultrloa]

Hi there,

I've started trading a few months ago with a very small amount and it was quite effective for me. 80% of my trades are based on technical analysis and 20% on rumors, tweets, announcement, etc.

I'm curious what is the most common technique do you use for trading?

Good luck,

Yes, actually in crypto trading i also feel rumors are here, and sometime i can't think that what will be the right price of that currency which i buy it, and later on i realize nothing is happen as i think about it. So that why i remember one thing, if you have correct information about cryto currency, than you will earn money from trading.

Crypto trading is not easy as it sounds because as we can see there are lots of coins are existing as of now and  most of it are just scam coins which pump just once and dump forever which is  really a waste of money thats why  if we intend to  buy a crypto we must do some research first if  it is a potential coins.

The very hard thing to do there is selection on which is movy coin and also the monitoring since we need to monitor the flaws of such coin in tradings so we can earn nor avoid loss but if you really familiar or shall we say just joined the thrend for those new ones added and trade it well you might still earn with that thing and also the one thing traders they should remember is they should not listen the trollbox

[SvenBomvolen]

   I don't trade, I'm reading about trading and I'm more confused now then in the beginning. People mention trading as good investment strategy, but nobody said how to trade. How to get informations, where, is there any way to know how reliable source is, whom to trust?
   In one moment I will try this trading, for now I still don't have account on any exchange site. I wishto open it one day and finally try it after so much reading about it. Maybe things will be more clear when I go there and see it for myself how things work there.

[iqlimasyadiqa]

The best technique in trading is patience attention. when you can put up with much stronger then you can get the chance to benefit. advantage can be achieved with patience. but see also the luck factor. luck is also part of a point that can make you rich.

I agree with you . thing to consideration by is patience. we have to be patient when we buy and sell coins that we have. when we the right to choose when we can benefit. all started from patience.

[trinaldao]

Thank you for all your answers. I see a lot of different opinions and also some opinions that are confirming my way to trade.

How they say, prepare for the worst and hope for the best.

Feel free to come with another suggestions about how you trade.

the first important thing for me is make a spreadsheet at excel to manage how much your deposit, your lose, your profit perday, soe in first month you will know the real profit of your trading, or the real lose of your trade

[john2231]

There is a common way to trade that you can be made a good profit. the first thing you do is research first if what altcoin is the best you can go here in coinmarketcap and choose the top 20 choose altcoin you wish to hold those are legit and it can live for along time in the market..

[salmanahmedone]

Usually i choose the altcoins with big potential to trade and i avoid the shitty new coins. There is some known altcoins actually used by big community and their prices is increasing as well

Sometimes I also search for those coins for which will have a bigger volume of trade and which will have higher fluctuation rate, with these kind of coins I am able to earn a faster profit, but in some cases when I imagine a good profit from a coin then I do not care that this coins is new or older.

Alt Coin trading is good but u r trading here just by some hopes....but trading is a game of mind.........all devs trap our mind then trap our money in a coin hhahaha....u wil broke soon