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Author Topic: So I want to get into trading.  (Read 9336 times)
mutami
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June 02, 2017, 06:22:45 PM
 #1

Obviously, I need BTC to get in but it seems like everything is high right now.  Should I wait till BTC is < 2k? Or ETH < 200? I'd like to get in and start trading alt coins.  But for me to maximize my profits in USD I need to wait till BTC is at a reasonable cost.  Or do you guys see it climbing to 3k in the next couple of months?
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June 02, 2017, 06:37:09 PM
 #2

It is hard to predict price shifts of Bitcoin, altcoin market evaluation is even harder. The only clues we have are bitcoin related news.
But news alone is not enough to fully predict the price. I will give you an example: scaling upgrade is scheduled to be executed in August.
Normally this would be bullish news - but I expect that right before scaling upgrade will be initiated there will be mass panic.
Newbies, skeptics and care bears will liquidate short positions to get rid of BTC in case that something would go wrong.
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June 02, 2017, 06:40:34 PM
 #3

If you think it is too high only buy a small amount with a plan to buy more if it goes lower. This way you will at least have some if it goes higher.
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June 02, 2017, 07:04:11 PM
 #4

Obviously, I need BTC to get in but it seems like everything is high right now.  Should I wait till BTC is < 2k? Or ETH < 200? I'd like to get in and start trading alt coins.  But for me to maximize my profits in USD I need to wait till BTC is at a reasonable cost.  Or do you guys see it climbing to 3k in the next couple of months?

The idea with trading is to increase the number of btc you have so in that sense the price doesn't matter. That being said I still wouldn't recommend trading as 99% of traders end up with a loss so unless you really know what you are doing its not advisable.
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June 02, 2017, 07:19:53 PM
 #5

I would rather wait for a good ICO and make sure i read and understand everything what their business proposals and will contact the team and then take a decision to invest with them and that is how i am making my money in the trading industry.It is good business for now,but you have to make sure you are investing in legit ICO.
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June 02, 2017, 07:24:47 PM
 #6

The idea with trading is to increase the number of btc you have so in that sense the price doesn't matter. That being said I still wouldn't recommend trading as 99% of traders end up with a loss so unless you really know what you are doing its not advisable.

I don't think that is accurate.  I have read and done some research.  While I would say most people who trade may not be successful there are a lot who are.  I am not new to trading.  Just new to trading cryptocurrency. 
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June 02, 2017, 07:44:18 PM
 #7

Obviously, I need BTC to get in but it seems like everything is high right now.  Should I wait till BTC is < 2k? Or ETH < 200? I'd like to get in and start trading alt coins.  But for me to maximize my profits in USD I need to wait till BTC is at a reasonable cost.  Or do you guys see it climbing to 3k in the next couple of months?

First, we can't really predict the path of bitcoin price. But for me the price is strong and most likely to go up in the next couple of weeks.

You should have bought btc's when the price dip at around $1800-$1900 last week. But since the price is slowly moving upward now to $2300-$2400, so I doubt it will go down to sub $2000 again. If you can afford to buy it now then I suggest get some small portion of it and see how the trend moves. Just remember that invest on what you can afford to lose so that at least you can mitigate your risk. Goodluck to you.

 
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June 02, 2017, 07:48:56 PM
 #8

D not wait for any moment but start the trade as soon as possible as the price will now not drop to down but the price will increase more. You have to buy bitcoin at what price available now as in the future it will increase and you will earn the profit and if you want to start trade with altcoin then remain alert as there are a lot of scam and ded coins do not invest in these scam and dead coins.
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June 02, 2017, 07:49:26 PM
 #9

If we talk about trading it is about business.Evryone goes to a business must prepare himself for a lower and high income.
To trade is a very good idea to make money,because you have the assurance to earn money.That if you succeed theres a way to your business to become a big source of your income.
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June 02, 2017, 07:53:42 PM
 #10

Practice trading here first http://bit.ly/simplemargin

They let you use their platform with demo money. If you profit more than you lose, then go for it with real BTC.


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cpfreeplz
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June 02, 2017, 07:55:29 PM
 #11

If you're looking to trade altcoins you're just trying to get something that rises faster than bitcoins so the amount you purchase bitcoins for is irrelevant.
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June 02, 2017, 07:56:09 PM
 #12

Trading Altcoins is a dangerous path, but worth it, if you are ready for the swings of pumps and dumps.

Firstly, before getting capital in order to trade, you should pick yourself a nice exchange (Poloniex or Bittrex will do – huge volumes and various coins to trade).

Secondly, you shouldn't care about bitcoin price when trading BTC/Altcoins pairs, because, as said above, you are raising your bitcoins, not your USDs (Bitcoin is your main currency here).

Thirdly, if you want to trade BTC/Altcoins, you should start low to know how things roll.

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June 02, 2017, 10:11:57 PM
 #13

After bitcoin hitting drastic price changes, there will be no wonder like you many people are getting into bitcoin trading or adopting bitcoins for first time just for the reason of trading it. When ever bitcoin gets new ATH, people do come forward. But people who are only caring about developing trading skills, finds good times.
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June 02, 2017, 11:16:49 PM
 #14

If you think it is too high only buy a small amount with a plan to buy more if it goes lower. This way you will at least have some if it goes higher.

This seems a good idea, and in fact I use to do it. For example, if I want to start buying ethereum but the price seems too high, I start by buying a fraction of what I am willing to spend. If I have $200 to buy Eth, I only buy $20 expecting a better price to buy more, but if instead of lowering the price keeps going up, I keep buying minimum but consistent amounts.
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June 02, 2017, 11:36:56 PM
 #15

If you think it is too high only buy a small amount with a plan to buy more if it goes lower. This way you will at least have some if it goes higher.
That's a good idea to start anyway.  And I would advise this gentleman not to buy crypto on margin if he doesn't know what he's doing.  Leverage works great when you're on a roll, but it can wipe you out faster than you can blink when things go south.  And as to whether bitcoin is too high...that's the thing.  If you wait for bitcoin to come down to a certain price, what if it doesn't?  What if we're on the way to $3000 as I write this?  That's the question that every trader has to answer for himself, and there isn't anyone on this forum who can tell you with any certainty where the price is going to be by the end of the evening, much less a month or a year.  You got to make that call yourself.
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June 03, 2017, 01:16:54 AM
 #16

Practice trading here first http://bit.ly/simplemargin

They let you use their platform with demo money. If you profit more than you lose, then go for it with real BTC.
I just know there is this kind of web, I also still learn to trade and want to try it.
thanks for sharing.

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June 03, 2017, 01:22:20 AM
 #17

Obviously, I need BTC to get in but it seems like everything is high right now.  Should I wait till BTC is < 2k? Or ETH < 200? I'd like to get in and start trading alt coins.  But for me to maximize my profits in USD I need to wait till BTC is at a reasonable cost.  Or do you guys see it climbing to 3k in the next couple of months?
If you will start trading as soon as you get your bitcoins then the price doesn't matter because you will just use it on trading and it will grow if you are a good trader and you will just continue trading until it reach a high amount of bitcoin. In my opinion as long as bitcoin doesn't reach up to $2,500 it is a good buy for me but it depends on you if you will follow my buying of bitcoin.
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June 03, 2017, 03:21:40 AM
 #18

If you think it is too high only buy a small amount with a plan to buy more if it goes lower. This way you will at least have some if it goes higher.

This seems a good idea, and in fact I use to do it. For example, if I want to start buying ethereum but the price seems too high, I start by buying a fraction of what I am willing to spend. If I have $200 to buy Eth, I only buy $20 expecting a better price to buy more, but if instead of lowering the price keeps going up, I keep buying minimum but consistent amounts.
This is a good idea. I've read about some investors in the stock market buy stocks periodically. If someone were to buy $1200 worth of shares in a company, they will buy $100 worth of shares each month. that way if the stock price fluctuates, they are able to purchase the stock at a lower average price. The only disadvantage is that you are sacrificing some profit for more safety.
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June 03, 2017, 03:23:52 PM
 #19

Obviously, I need BTC to get in but it seems like everything is high right now.  Should I wait till BTC is < 2k? Or ETH < 200? I'd like to get in and start trading alt coins.  But for me to maximize my profits in USD I need to wait till BTC is at a reasonable cost.  Or do you guys see it climbing to 3k in the next couple of months?

You should not wait for trade, just try with little money you have to make profit. Replace your strategy in the right coins, disciplines, patience and see the result. Learn with small step on real market is very important, you'll know how better your method & skill you have. As a trade we only wait for sell, not to buy. Hope you find your answer & good luck.

 
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June 03, 2017, 04:07:49 PM
 #20

I would really suggest researching into the stock market. Trading is a risky business but right now appears the time to take some risk in crypto as the profits can be quite large. Familarize yourself with how to read a chart and understanding how volume can impact price. Do you want to be a swing trader (high to medium risk) who buys when the price is rising and sells once you hit a small profit goal? Do you want to be a day trader (very high risk) who is looking to get in and out over the course of 1-2 days? Do you want to be an investor and slowly build your position over time (safest)?

No matter what be prepared to lose it all, and understand that losing trades happen to the best investors.
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