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Author Topic: trading outside of crypto?  (Read 803 times)
TheGreatPython
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October 08, 2018, 12:01:55 PM
 #41

Hello I didn't know anything about trading until I first started trading monero on poloniex when it was like $5. Now I've learned a lot just from trading and mining crypto but my only experience is with crypto.

So I guess this is backwards but now I would like to try trading or investing outside of crypto....is that stocks?...see I have no clue what everything is called. Are there trading sites like bittrex etc?

what is the differences between a crypto exchange and a "stock exchange" that trades in dollars? Do you have to provide ID? Are they easier to fund in dollars?

Is there anything like a Trade Satoshi where I can just practice with small amounts?

Thanks for any information


I think there are two things wrong with what you are trying to achieve. First of all this is crypto forum, this is "bitcoin"talk so whatever you are trying to do outside of bitcoin you should go do it on their forums and learn from them, we here are bitcoin traders and not stock traders.

However if we put that aside you should also know that if you want to trade stocks that will not be similar to bitcoin. In crypto we have huge swings so there are people who keep making money and who keep losing money and everything in between, in stocks things move much slower so you will not see these kinds of moves. People who make %20 in stocks considered to be genius whereas %20 is easy to achieve in bitcoin, up or down.

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October 08, 2018, 01:21:11 PM
 #42

As far as I know, there are advantages and disadvantages trading in crypto or stock exchange. Stock exchange is more regulated and legalized than crypto exchange. Based on my knowledge, the major thing that affects the price of the product your holding in stock exchange is the economy level while in crypto, the price is always driven by the trader by following TA and FA results. If you wanted to invest in stock exchange, you better ask an assistance to a professionals or consult your bank because they always offer this type of investment.
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October 08, 2018, 02:40:30 PM
 #43

I've not really traded outside of Cryptocurrencies.I think trading is generally risky. if you want to trade outside of crypto.but we should need to understand how he can get started with trading.too confident is not good other.
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October 09, 2018, 07:42:58 AM
 #44

Hello I didn't know anything about trading until I first started trading monero on poloniex when it was like $5. Now I've learned a lot just from trading and mining crypto but my only experience is with crypto.

So I guess this is backwards but now I would like to try trading or investing outside of crypto....is that stocks?...see I have no clue what everything is called. Are there trading sites like bittrex etc?

what is the differences between a crypto exchange and a "stock exchange" that trades in dollars? Do you have to provide ID? Are they easier to fund in dollars?

Is there anything like a Trade Satoshi where I can just practice with small amounts?

Thanks for any information


Trading outside of crypto, I guess you mean forex or binary trading, cause that’s the two things you can trade outside of crypto trading and they are quite similar to each others. You just need a little training on how it works to be able to understand and trade them.

I have tried forex trading once, but it wasn’t really much of what I expected then, so I decided to quit. And like I said, there isn’t much difference between them. I believe if I go back to that this time around I will also make good profit from every trade.
You can also trade in stock exchange and hope that you will find it better than crypto trading. In crypto trading you can only trade in those currencies in which you invest your money, while in stock exchange you can buy and sell any product shares just in seconds. But don’t be greedy because greedy people always lose their money in stock and in crypto trading.
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October 09, 2018, 09:05:15 AM
 #45

I've not really traded outside of Cryptocurrencies.
Then why are you commenting here to increase your post count? Roll Eyes

Quote
I think trading is generally risky.
Any type of speculative market is risky. Be it stocks, bonds, securities, cryptocurrencies, gambling, commodities. All of them.

Quote
if you want to trade outside of crypto.but we should need to understand how he can get started with trading.too confident is not good other.
LOL get started with what? Like walk into an exchange and ask them how to make money? You guys really make me laugh.

You can also trade in stock exchange and hope that you will find it better than crypto trading. In crypto trading you can only trade in those currencies in which you invest your money, while in stock exchange you can buy and sell any product shares just in seconds.
You have no idea what you are talking about. The ICOs provide you with tokens that can be compared to the stock markets shares. So in that way they are similar. Pumping and dumping is also the same and FUD marketing is also same.

Quote
But don’t be greedy because greedy people always lose their money in stock and in crypto trading.
Thats always true.

R


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October 09, 2018, 10:20:10 AM
 #46

Hello I didn't know anything about trading until I first started trading monero on poloniex when it was like $5. Now I've learned a lot just from trading and mining crypto but my only experience is with crypto.

So I guess this is backwards but now I would like to try trading or investing outside of crypto....is that stocks?...see I have no clue what everything is called. Are there trading sites like bittrex etc?

what is the differences between a crypto exchange and a "stock exchange" that trades in dollars? Do you have to provide ID? Are they easier to fund in dollars?

Is there anything like a Trade Satoshi where I can just practice with small amounts?

Thanks for any information


Trading outside of crypto, I guess you mean forex or binary trading, cause that’s the two things you can trade outside of crypto trading and they are quite similar to each others. You just need a little training on how it works to be able to understand and trade them.

I have tried forex trading once, but it wasn’t really much of what I expected then, so I decided to quit. And like I said, there isn’t much difference between them. I believe if I go back to that this time around I will also make good profit from every trade.
We can find a trading platform that fits us, for me I love crypto because it's more profitable here, I am not saying all the time
but based on my experience, I have made a good profit investing during the early days. I should focus on crypto as the more I stay here
I learn something that could help me be more confident.
It means that you have no idea of any other trading apart from cryptos. If you are making good money from crypto trading then there is no need to search other places for trading. Continue in crypto trading, although it is risky but it is also very profitable. You can make big profits in the future when the price raises little bit. Patience and coolness in needed for crypto trading.
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October 09, 2018, 12:39:13 PM
 #47

Well, I know only a little about stocks trading, as I'm interested mostly in crypto. The procedure of trading on a stock exchange and a crypto one is practically the same. The difference lies in what you trade.
On stocks, you could practice with small portions like it's usually done at crypto exchanges such as CEX (https://cex.io/) or Bittrex.
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October 09, 2018, 03:14:10 PM
 #48

If you decide to search trading platforms outside of cryptocurrency, I just wondering, does cryptocurrency not give you any profit? If you know already the ins and outs of cryptocurrency, don't hedge another place to gain money. Expect you have the advantage to focus on two jobs and you consistently run them simultaneously. I have been trading on forex, when I compare between trading forex and cryptocurrency then cryptocurrency has a high volatility. And you need ID card to create a forex account.

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October 09, 2018, 03:57:47 PM
 #49

We can find a trading platform that fits us, for me I love crypto because it's more profitable here, I am not saying all the time
but based on my experience, I have made a good profit investing during the early days. I should focus on crypto as the more I stay here
I learn something that could help me be more confident.
Actually, when it comes to volatility and the fact that it is a new market, I would say cryptocurrency is actually a very good place to be trading and why look for other markets that would restrict you to a better profit as long as you have the knowledge to do so. Now, that the market is young, I guess it is a good thing to be taking advantage of the volatility.

Actually, crypto has given a lot of people the chance to have a feel of what market is all about and how they can go about trading the markets to be at an advantage. Forex is good, stocks is great but at the end, you just need knowledge to be able to do right and there is nothing bad actually with diversifying anyway. I believe most people here already having portfolio which might cover gold, bonds and government securities too. Hence, trading outside crypto is not a bad idea Wink.

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October 09, 2018, 04:33:40 PM
 #50

Well, I know only a little about stocks trading, as I'm interested mostly in crypto. The procedure of trading on a stock exchange and a crypto one is practically the same. The difference lies in what you trade.
On stocks, you could practice with small portions like it's usually done at crypto exchanges such as CEX (https://cex.io/) or Bittrex.

Unlike others at least you said you don`t know much about stock trading, most of others comments are of topic. For trading with stocks you need to be a broker or to have one, you need a licence for doing that, that`s why crypto trading attracted so many people, simply you don`t need anything except internet and some money, everything else is a piece of cake, you register on any exchange platform or on several and you sell and buy as you wish and when you wish, from that will depend will you have profit or not. There are forex and similar trading platforms, I never had anything with that because I think it`s one big scam, they are yelling about profit everywhere they can, they promise big earning, but we all know that it`s not going like that. Crypto trading is free trading and anyone can practice it, you can start with 5 or 5000 dollars, for every other kind of trading you will need a bunch of money just for start, here you can build your own way.

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October 09, 2018, 06:28:11 PM
 #51

Hello I didn't know anything about trading until I first started trading monero on poloniex when it was like $5. Now I've learned a lot just from trading and mining crypto but my only experience is with crypto.

So I guess this is backwards but now I would like to try trading or investing outside of crypto....is that stocks?...see I have no clue what everything is called. Are there trading sites like bittrex etc?

what is the differences between a crypto exchange and a "stock exchange" that trades in dollars? Do you have to provide ID? Are they easier to fund in dollars?

Is there anything like a Trade Satoshi where I can just practice with small amounts?

Thanks for any information


Trading outside crypto is way too different.There are lot more option with different categories Soo the choice becomes vast and risk factor also increases.The basic thing that you have to understand if you wanna start trading in stock market is excessive knowledge of the companies and commodity with exact news and trends.With all this info you can atleast understand the process.

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October 10, 2018, 10:01:55 AM
 #52

Hello I didn't know anything about trading until I first started trading monero on poloniex when it was like $5. Now I've learned a lot just from trading and mining crypto but my only experience is with crypto.

So I guess this is backwards but now I would like to try trading or investing outside of crypto....is that stocks?...see I have no clue what everything is called. Are there trading sites like bittrex etc?

what is the differences between a crypto exchange and a "stock exchange" that trades in dollars? Do you have to provide ID? Are they easier to fund in dollars?

Is there anything like a Trade Satoshi where I can just practice with small amounts?

Thanks for any information


Trading outside of crypto, I guess you mean forex or binary trading, cause that’s the two things you can trade outside of crypto trading and they are quite similar to each others. You just need a little training on how it works to be able to understand and trade them.

I have tried forex trading once, but it wasn’t really much of what I expected then, so I decided to quit. And like I said, there isn’t much difference between them. I believe if I go back to that this time around I will also make good profit from every trade.
It does not actually have to be only Forex or binary trading, with binary trading even not being a good option for me actually, and only a professional trader should go that lane. There are other available options like stocks that anyone can trade but at the end of the day for someone to be able to trade in some of these other markets and most especially market like stocks; you really need some pretty good bucks.

For Forex, however, you can decide to start with any amount that you please, but whichever way, the only thing with trading is that they require the same level of knowledge about analysis to be able to do well.
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October 10, 2018, 10:11:20 AM
 #53

We can find a trading platform that fits us, for me I love crypto because it's more profitable here, I am not saying all the time
but based on my experience, I have made a good profit investing during the early days. I should focus on crypto as the more I stay here
I learn something that could help me be more confident.
Actually, when it comes to volatility and the fact that it is a new market, I would say cryptocurrency is actually a very good place to be trading and why look for other markets that would restrict you to a better profit as long as you have the knowledge to do so. Now, that the market is young, I guess it is a good thing to be taking advantage of the volatility.

Actually, crypto has given a lot of people the chance to have a feel of what market is all about and how they can go about trading the markets to be at an advantage. Forex is good, stocks is great but at the end, you just need knowledge to be able to do right and there is nothing bad actually with diversifying anyway. I believe most people here already having portfolio which might cover gold, bonds and government securities too. Hence, trading outside crypto is not a bad idea Wink.
And if you feel you have the skills in crypto and you are doing good then you should focus.
It's important not to be greedy here because once you are not focus your future is not gonna good.
With the big market in crypto, I think anyone can stay here and make money as much as he want if he is capable.

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October 10, 2018, 10:45:54 AM
 #54

so many stock exchanges are running today. you only need to choose, like instaforex, forex, fbs, etc. I think there are limits to stock trading and it's more expensive than crypto trading. All trades I think will ask for ID for the security of your assets. and in my opinion it is best to invest in real assets, such as houses, land, gold, etc.
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October 10, 2018, 11:09:02 AM
 #55

If you want to trade outside of crypto, you should research or have a knowledge in having investing there. Just like in cryptocurrency it is also risky but stock exchange is a good investment, you can have a mutual funds if you want to invest there.
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October 10, 2018, 12:31:42 PM
 #56

Crypto and stock trading has a lot of differences. I may not have enough knowledge in stock market since I havent tried to engage into it yet, but I have read a few stuff about the stock market.
One of the quotable difference between the two is, Stock market bears lesser risks than cryptocurrency, yet cryptocurrency could be more profitable in a daily basis, when properly handled by an experienced trader. Meaning to say cryptocurrency are very volatile compared with stock.
In stock market you have thousands of options of buying shares of different companies. In my view stock trading is much easier than crypto trading, because there you can sell your shares anytime you want but in crypto you may not find buyers easily. Investors also look the market trend and the price on which they want to buy crypto. Stock market is not like crypto market.
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October 10, 2018, 10:24:21 PM
 #57

I've not really traded outside of Cryptocurrencies. But it's something I'm really looking forward to getting involved in. I got in talks with a friend about trading in other markets like forex. According to what I got from him, He said the trading patterns are quite similar with just minor differences here and there. I might get on the train soon.
Yes cryptocurrency trade shares a lot in similitude with forex trade, but there is usually an edge, if coming from forex trade. So far if your cryptocurrency trade have revolved just around buy and hold and little or no experience with margin trade, then there's still a lot of learning to be done. Be sure you fully understood the meaning of these two words: margin and leverage before taking a shot at forex, because the playgrounds are not exactly same. However there's the good news that you can without sweat lay hands on demo accounts for practice and learning.
Edsemen
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October 10, 2018, 10:30:53 PM
 #58

so many stock exchanges are running today. you only need to choose, like instaforex, forex, fbs, etc. I think there are limits to stock trading and it's more expensive than crypto trading. All trades I think will ask for ID for the security of your assets. and in my opinion it is best to invest in real assets, such as houses, land, gold, etc.

It's just a hassle in trading outside crypto, because you need more requirements to do it so. This can be stressing many people to gamble their liabilities, which I think risky for all traders. Real asset is proven effective, and since the market outside crypto is still on going development I guess it would go further in the next few years so as with crypto. Choosing outside crypto is everybody's preference, but moreover it crypto is a very surprising aspect of investments.

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October 11, 2018, 12:24:57 AM
 #59

If you trade outside of crypto, if market is down, does everyone lose similar to like crypto when everything is down?  Example say all coins are down for a few days etc.  Well could it be possible to be up with other things?
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October 13, 2018, 10:11:29 AM
 #60

Hello I didn't know anything about trading until I first started trading monero on poloniex when it was like $5. Now I've learned a lot just from trading and mining crypto but my only experience is with crypto.

So I guess this is backwards but now I would like to try trading or investing outside of crypto....is that stocks?...see I have no clue what everything is called. Are there trading sites like bittrex etc?

what is the differences between a crypto exchange and a "stock exchange" that trades in dollars? Do you have to provide ID? Are they easier to fund in dollars?

Is there anything like a Trade Satoshi where I can just practice with small amounts?

Thanks for any information


Trading outside of crypto, I guess you mean forex or binary trading, cause that’s the two things you can trade outside of crypto trading and they are quite similar to each others. You just need a little training on how it works to be able to understand and trade them.

I have tried forex trading once, but it wasn’t really much of what I expected then, so I decided to quit. And like I said, there isn’t much difference between them. I believe if I go back to that this time around I will also make good profit from every trade.
We can find a trading platform that fits us, for me I love crypto because it's more profitable here, I am not saying all the time
but based on my experience, I have made a good profit investing during the early days. I should focus on crypto as the more I stay here
I learn something that could help me be more confident.
Besides crypto trading we have other choices as well that is in the traditional trading with products either of daily use or on country basis huge trades. Furthermore, a person can invest in stock market which will also generate profit but every business needs time to give you profit and you have to be prepare for everything. I prefer real estate business in which Bitcoin has entered as payment mode which is now more productive.
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