Questions for traders

[JariKriting]

1. Lisk , ltc, ICN , PSB, ether . this is my usually trade .
2. Poloniex , c-cex  , bittrex , and yobit.net-  I trade in this exhanges site.
3. I buy an altcoin when the price is low or cheap and then wait to To increase the price and then sell not all I think the 50% because I wait to increase more .if the price is dump I will buy again.

if every dump you buy coin, how you anticipate if coin down until di-listing in exchanger
and you can lost all your money your investment in trading because you can't selling your coin

[1715378403]

1715378403

[1715378403]

1715378403

[sevendust777]

Hi everyone,

I'm getting to know better the market for cryptocurrency trading. In special, I'm really interested in understanding which are the biggest challenges/problems you face when trading. My intention is to study and analyze deeply these problems and evaluate potential solutions that will be valuable for traders, so it would be really great if I could get some feedback from you. So, basically, I have some few main questions but, please, feel free to provide any feedback you may want to.

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?


Thank you!
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UPDATE:

I have been receiving great feedback! Thank you so much for this. Yes, I understand that everyone has a own strategy when it comes to trading, so I was really trying to understand better the difficulties you encounter. I think I'm starting to get some initial relevant ones.

Many of you said that watching prices closely, putting effort tracking many altcoins you hold and even acting fast enough can be tough. I have some additional questions:

1) Do you use some kind of bot or any similar tool to help with you decisions? If you do, do you think that this tool/bot that you're using could be improved somehow to help you even more?
2) If you don't use such tools, why would that be ?

Also, some of you mentioned that is challenge deciding when to buy/hold/sell your coins, specially when pumping and bumping are involved. I understand that prices are unpredictable, but even though, you probably use some kind of analysis or any source of information to help with you decisions. Some few questions:

1) If you're willing to reveal them, which sources do you trust when making your analysis?
2) How effectively do they help you today?
3) Which are the most difficult/time consuming/tricky tasks when you're actually collecting the info/making your analysis?

I'd like to thank you again for taking some time to put your feedback here.

I trade so many cryptocurrencies some of them are NEM, XAUR, HMP, PSB etc... This are some of my coins i hold for longterms... I also like day trading for everyday profit...

I started trading @Ccex but now i do trade @ Poloniex, Bittrex, Yobit, Cryptopia, Nova, Bleu and more depending on the coins i support and depending on the coins movement...

I do some arbitrage once in a while, I just do basic trading buy low sell high...

[cinchin]

1) Which cryptocurrencies do you trade?
-I usually trade FCT,XMR
2) Which exchanges do you usually work on?
-I usually work on poloniex.com
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?
-I usually trading buy low sell high,or choose wisely when buy or sell,difficult is you need decision buy or sell immediately

[Idrisu]

To answer some of your question; as a trader you need to understand the fundamental laws of trading, that is:
1. Currency pair information: If you are trading bitcoin with other crypto currency? You need to know all information about the current state of those currency.
2.Right exchanger or trading site: Yobit is good for newbies and if you are a professional? Poloniex.
3. Good technical and fundamental analysis: Don't go into trade if you don't understand technical and fundamental analysis because there are what determined the market movement force and because of this I always place a trade after study market price action.
The answers to some of your question provided by other posters' are good but remember market has a mind of it Own and the best ways to trade is have a good money management policies in place.

[monbux]

1. Lisk , ltc, ICN , PSB, ether . this is my usually trade .
2. Poloniex , c-cex  , bittrex , and yobit.net-  I trade in this exhanges site.
3. I buy an altcoin when the price is low or cheap and then wait to To increase the price and then sell not all I think the 50% because I wait to increase more .if the price is dump I will buy again.

Lisk has caused me to lose a lot of money, haha.

Since most people have answered the first set of questions, I'll try to take on the updated ones:

1) Do you use some kind of bot or any similar tool to help with you decisions? If you do, do you think that this tool/bot that you're using could be improved somehow to help you even more?
No and I'm skeptical of this.  What if something happened with the bot that caused you to lose all your money?

2) If you don't use such tools, why would that be ?
As above.
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1) If you're willing to reveal them, which sources do you trust when making your analysis?
Me, myself, and I
2) How effectively do they help you today?
It's been a heck of a ride
3) Which are the most difficult/time consuming/tricky tasks when you're actually collecting the info/making your analysis?
Trickiest task?  Making money

[ikydesu]

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?

1. Bitcoin primary, and ETH.
2. Used local exchange to trade bitcoin, for alts usually using bittrex or poloniex.
3. Usually i using scalping strategy, earn little amounts constantly with some time frame (minutes or hour).
I'm interesting with arbitrage, but i need to learn more to use it.

[dothebeats]

1. LISK, ICN and of course, bitcoin.
2. I often use Bittrex, Polo and Bitstamp for trades.
3. Arbitrage I do a lot when there are some nice price swings happening in the market. But right now, I don't trade btc for the mean time and my sole focus is finding a nice coin to do some heavy trades on and potentially give me some hefty profits.

[bitcoinisbest]

Hi everyone,

I'm getting to know better the market for cryptocurrency trading. In special, I'm really interested in understanding which are the biggest challenges/problems you face when trading. My intention is to study and analyze deeply these problems and evaluate potential solutions that will be valuable for traders, so it would be really great if I could get some feedback from you. So, basically, I have some few main questions but, please, feel free to provide any feedback you may want to.

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?

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1) As of now the only withstanding coin in the market is btc and rest of the coin is just for the owner to earn profit as within no time their value becomes zero. (There are exception though to it)
2) Majorly localbitcoin is the best unless you have good local exchanges in your country.
3) No strategy based on demand and supply.