Beginning with bitcoin trading

[Idrisu]

I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.

[Arkazle]

Thanks for your post. Yes you are quite right, Cryptocurrency markets are a lot more volatile and unpredictable. Unless you have a very good understanding of the current market, what is happening in the scene, know who is purchasing etc it can be very hard to make good profits with large capitals.

[TDutch]

"Cryptocurrency markets are a lot more volatile and unpredictable"

That is why this market is just so interesting. Managing your trade when you are "in" is much more important now.

[nizamcc]

Bitcoin markets have nothing to do with most news as you see in forex, because in forex, currencies are run by their countries' economical state, but bitcoin is not bound to any country which is why the movements here are completely unpredictable and surprising.

[NorrisK]

The bitcoin market can be analyzed in the same way as the traditional markets. Most of the times, especially in quiet periods, it behaves the same way (probably due to bots using the same algorithms).

You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.

[TDutch]

The bitcoin market can be analyzed in the same way as the traditional markets. Most of the times, especially in quiet periods, it behaves the same way (probably due to bots using the same algorithms).

You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.

Correct, and I like to add that I discovered that most volatility in crypto currency happens when China Stock Exchange is open.

[kotwica666]

The bitcoin market can be analyzed in the same way as the traditional markets. Most of the times, especially in quiet periods, it behaves the same way (probably due to bots using the same algorithms).

You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.

Correct, and I like to add that I discovered that most volatility in crypto currency happens when China Stock Exchange is open.

Yes, but Bitcoin market is still very little, so even one good news (or bad news) can change price in few hours by several percent. That's why trading Bitcoin still is high risk, even for experienced traders. For Newbies (in my opinion) it is just simply lottery

[ethereumhunter]

The bitcoin market can be analyzed in the same way as the traditional markets. Most of the times, especially in quiet periods, it behaves the same way (probably due to bots using the same algorithms).

You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.

Correct, and I like to add that I discovered that most volatility in crypto currency happens when China Stock Exchange is open.

Yes, but Bitcoin market is still very little, so even one good news (or bad news) can change price in few hours by several percent. That's why trading Bitcoin still is high risk, even for experienced traders. For Newbies (in my opinion) it is just simply lottery

its true, but the changing price is not directly happen like what in forex. beside that, bitcoin is not depending with news in out side, maybe just a little and if we make analysis, make sure we know what is going on with the markets before we decide to buy bitcoin.

[pooya87]

I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.

well i think you can always use any kind of analysis that you have knowledge of and they will always help but they are never completely right no matter what market you are doing it on.

and for bitcoin in my opinion the reason why it changes like this is that bitcoin is still too small and has not yet reached the mass adoption, so the adoption is still happening which makes it always go up in long term.

[Idrisu]

The bitcoin market can be analyzed in the same way as the traditional markets. Most of the times, especially in quiet periods, it behaves the same way (probably due to bots using the same algorithms).

You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.

Correct, and I like to add that I discovered that most volatility in crypto currency happens when China Stock Exchange is open.

Yes, but Bitcoin market is still very little, so even one good news (or bad news) can change price in few hours by several percent. That's why trading Bitcoin still is high risk, even for experienced traders. For Newbies (in my opinion) it is just simply lottery

its true, but the changing price is not directly happen like what in forex. beside that, bitcoin is not depending with news in out side, maybe just a little and if we make analysis, make sure we know what is going on with the markets before we decide to buy bitcoin.

to me bitcoin is more predictable compare to other financial assets. Basically in bitcoin most times support and resistance will always work for swing trader, is not the same for forex. Many data both political and economic flow in forex market 24 hour this change the market direct but in bitcoin those data are limited.

[aysha9859]

i think bitcoin price still stable. but altcoin's prices are not stable. if you see some dump for bitcoin. you can wait or buy more bitcoin for reduce price per your bitcoin. i dont know how is it named.

[Zadicar]

I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.

Forex and Bitcoin trading is really different . Starting from the platform that is being used to do trade on each. I could say bitcoin trading is far away more simple ,it maybe volatile but not as volatile on prices on forex and also  in forex there are wide range of choices to trade starting from currencies,commodities etc.. Bitcoin trading is unpredictable too unlike on forex which you could do make some patterns and analysis.

[xIIImaL]

i think bitcoin price still stable. but altcoin's prices are not stable. if you see some dump for bitcoin. you can wait or buy more bitcoin for reduce price per your bitcoin. i dont know how is it named.

All the crypo currency's price always volatile only, However bitcoin price simply raising from the past two months this shows its stability and potential. I think in this year end bitcoin price will be atleast 850$ and more.

[TDutch]

I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.

Forex and Bitcoin trading is really different . Starting from the platform that is being used to do trade on each. I could say bitcoin trading is far away more simple ,it maybe volatile but not as volatile on prices on forex and also  in forex there are wide range of choices to trade starting from currencies,commodities etc.. Bitcoin trading is unpredictable too unlike on forex which you could do make some patterns and analysis.

Hi Zadicar,

Can I ask which plaform(s) you use to trade forex?

[kotwica666]

The bitcoin market can be analyzed in the same way as the traditional markets. Most of the times, especially in quiet periods, it behaves the same way (probably due to bots using the same algorithms).

You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.

Correct, and I like to add that I discovered that most volatility in crypto currency happens when China Stock Exchange is open.

Yes, but Bitcoin market is still very little, so even one good news (or bad news) can change price in few hours by several percent. That's why trading Bitcoin still is high risk, even for experienced traders. For Newbies (in my opinion) it is just simply lottery

its true, but the changing price is not directly happen like what in forex. beside that, bitcoin is not depending with news in out side, maybe just a little and if we make analysis, make sure we know what is going on with the markets before we decide to buy bitcoin.

I think much more dangerous are informations from inside
Every attack on big exchange, bad news from chinese farms or modification of the law in one of the large countries end up with price destabilization.
All this situation we cannot predict, it can happen any time. Bitcoin trading is still based more on the growing popularity and the belief in success than on technical analisis.

[Sponsoredby15]

I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.

Traidng with bitcoin is really good business or profit if you are always in market and seeing always the movement and the different price of bitcoin like forex then you will know the basic on how to trade this kind of experience is good so you can help your self to analyze about on what you are going to trade.

[DoublerHunter]

Bitcoin trading is one of the profitable way to generate more money or bitcoin because we know that bitcoin or any crypto-currency is very volatile to its price and most of them are unpredictable since they don't take controls from government or any high officials. Just continue studying about bitcoin trading and who knows maybe bitcoin trading is the one that you are looking and will help you to earn some easy $$$ in the future. Just patience and determination .

[raja3sumi]

Following are the best ways u can do bitcoin trading
-zebpay
-localbitcoins
-with ur friend ,well i think its the most trust worthy area .
And i think bitcoin trading will be the new future .

[foggy1421]

Hi, like most people have said already. Crypto coins are very volatile. High risk, high reward. Invest in the right
Coin and you can make good money.

[pooya87]

Following are the best ways u can do bitcoin trading
-zebpay
-localbitcoins
-with ur friend ,well i think its the most trust worthy area .
And i think bitcoin trading will be the new future .

-zebpay is from India an i doubt they accept anyone from other countries. and even if they do there are a lot of other exchanges which are a lot better.
- localbitcoins trading is harder than you may think, there is already a lot of competition and selling for fiat there has risks of its own like the charge backs and other types of fraud
- this third one is not even trading, you can sell to your friend if you have bitcoin and they want it but it is not trading.