Finally, i find way into crypto trading

[JeotQ]

After months of trying to find ways to trade online i finally took the risk and so far its worth it, I've asked about how to trade on here but no one gives me a straight forward answer and my journey began with trading platforms like IQoption and later Olymptrade, well here is few facts i later unravel

I decided to take a risk by using my bitcoin that i locked away in my wallet for few months now to trade on binance and i was able to earned 100$ by just buying low and selling high, between 8300$ per bitcoin and 9200$, this is a good trick for those who don't know how to start trading, use USDT/BTC trading pair

So far what I've learned is there is no risk of losing your money here, you can be stuck with USDT for a while but we know that bitcoin is volatile, the time will come again, forget other platforms and use crypto trading exchanges like binance, kucoin, huobi... Thank you

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[FLHippy]

Good trading trick, look at the price, Bitcoin is now above your high, so what would you do? I do not see any reason why we should again fall down, we have confirmed that 8000-9000USD is a strong resistance and we can continue in uptrend.

[socks435]

IQoption is not a trading site it's actually a binary trading it is just likely you are gamble and it is not the same as trading on Binance.

Trading with USDT/BTC is not actually a trick it is the basic way how to buy low and sell high. There is no trick there it is an old passion basic strategy to make profit on trading. If you stay with that you are far from losing except if the market is in bear market.

[Ss4sukE]

percentage of the low purchase price of $ 8,300 to the selling price of $ 9200? if counted, it looks like you got a profit of $ 900 and not $ 100. Sorry, maybe I miscalculated.
it means you are trading short and have made a big profit, maybe I'll try it next time if I have the capital to trade.

[bttmember]

This is simple strategy but in reality it is quite a gamble in the sense that when btc will start real bull run then during small dips person following this strategy will sell and get usdt but infact he will miss the booming ship of btc rocket. You will know about it during next bull run when you will keep looking at your usdt while btc will hit 10x.

[batang_bitcoin]

So far what I've learned is there is no risk of losing your money here

Actually, there is a risk there. If you are keeping your bitcoin most of the time in an exchange, there's a chance that they might get hack and your funds will be gone forever. Binance is no exception because they've been attacked before and good thing that they've refunded all of those affected users.
If you're for the BTC/USDT pair, you have to be cautious about that scenario because if not, I'm not wishing though, that incident may happen again.
Just keep it on a safer vault or storage like hardware wallet and just sell and transfer it to an exchange if necessary.

[disconnectme]

I hope you know trading is more than what you just explain, good luck to you first for taking that trade and work out fine for you, but you know you can also short, buy high and sell short. If you want to be a successful trader you need to learn, read and the most important thing be very discipline

[cytpoway121]

That's the basis of crypto trading. You need to practice, find a winning strategy and dyor daily.

Take emotions away from trades, avoid fud or fomo and stick to basics too.

Be wary of green candles especially in alts

[Rengga Jati]

-snip- I've asked about how to trade on here but no one gives me a straight forward answer -snip-

Can you share the link where you asked "how to trade" to people here? I doubt you didn't ask something in specific, so people just give you the answers generally.

-snip- I decided to take a risk by using my bitcoin that i locked away in my wallet for few months now to trade on binance -snip-

Firstly, you choose a good place to trade your Bitcoin. Binance is very recommended exchange and it is the place where all people usually do trading. Then, buying and holding Bitcoin for several months is the basic way of earning profits through the volatility of its prices. The principle is "buy at a low rate and sell at higher rates". But this conventional way takes a bit longer time. However, as the beginning step, you did well start. 

[Flux0z]

Good for you, that you made a profit, but trading is unfortunately not that "simple". You could be selling at $9000, and watch the price fly to $25000 and watch it STAY there, leaving you behind.

Trading is not that difficult, though I advice anyone to think twice before getting started, as trading on centralized exchanges puts your money at risk.
Do some research on decentralized exchanges, goes for anyone reading this actually.
Blocknet's DEX is probably the best one out there in terms of decentralization and assets listed: https://blockdx.com/

Other than that, good luck on your trading venture

[abeecrypto]

Yes. That is a good one. But that is just the basics of trading. It might have worked now. But that does not mean it will keep working as easily as that. Trading goes beyond that. You were right on time for the rise of the market. That is why you could make some profit.
And nobody has a single answer on how to trade successfully. It takes some reading, practice, and strategy to be a successful trader.

[inoes]

Can you maintain your income? if you can get profits so easily it means you can read market prices, your predictions are sharp, and your analysis is correct. the problem I face in the crypto world is the difficulty of getting the right moment to do buy / sell orders.

[samcrypto]

That's the basis of crypto trading. You need to practice, find a winning strategy and dyor daily.

Take emotions away from trades, avoid fud or fomo and stick to basics too.

Be wary of green candles especially in alts

Its good for us to found our rhythm in trading and its not easy at all. Keep it up, if you already found that winning strategy you need to stay on that and of course you should still seek for more strategies to use so you can earn more. Emotions should really set aside, don’t listen to your second thoughts and always depend on what’s on your trading list, FOMO is not a good one.

[asyakashi]

Looks easy, and this thread should be in the trading section.
btw I like the way you make money, I think altcoin is more promising while your trade is a long term trade.

[awik p]

That's the basis of crypto trading. You need to practice, find a winning strategy and dyor daily.

Take emotions away from trades, avoid fud or fomo and stick to basics too.

Be wary of green candles especially in alts

Its good for us to found our rhythm in trading and its not easy at all. Keep it up, if you already found that winning strategy you need to stay on that and of course you should still seek for more strategies to use so you can earn more. Emotions should really set aside, don’t listen to your second thoughts and always depend on what’s on your trading list, FOMO is not a good one.

right, emotions must be kept aside, looking for a lot of strategies is good for exploring ourselves to find a good strategy system, because everyone must have a different trading style, so we need to explore our potential and remain confident, to remain consistent with the influence of outside influences

[n0ne]

Good, almost everyone who are into trading might have got the same experience. At the beginning user finds it hard, once its been done. Further onwards they'll get adopted to the process of buying low and selling high. Everytime this isn't possible, and this can be overcome by having patience and making close observation on the market. This will help in knowing the market changes.

[minairia3]

Congrats to you mate. Not everybody here got the same confidence as you did. Remember that trading ans even you bought it at a high price dont easily lose hope and dont sell it to lower your loss. Only fools would sell at a loss ends.

Trading has so many strategy and the one you mentioned is simply a basic one. Try to engage yourself more on reading patterns and market charts. This is what Ive practicing now so I can be more efficient on trading.

[CryptoVzla]

this trick is worked for those guys who have big capital for investing, they also can do arbit rage within exchange to compare price.
but if you are low budget traders, i dont think this trick will give you much profit.

im just trade with old trick that usually people use, that buying altcoin at low and sell it at high, invest on bitcoin need big capital to get big profits

[BlackFor3st]

After months of trying to find ways to trade online i finally took the risk and so far its worth it, I've asked about how to trade on here but no one gives me a straight forward answer and my journey began with trading platforms like IQoption and later Olymptrade, well here is few facts i later unravel

I decided to take a risk by using my bitcoin that i locked away in my wallet for few months now to trade on binance and i was able to earned 100$ by just buying low and selling high, between 8300$ per bitcoin and 9200$, this is a good trick for those who don't know how to start trading, use USDT/BTC trading pair

So far what I've learned is there is no risk of losing your money here, you can be stuck with USDT for a while but we know that bitcoin is volatile, the time will come again, forget other platforms and use crypto trading exchanges like binance, kucoin, huobi... Thank you

Your strategy is not that bad for starters as you do it manually and you are not greedy which is good. What you have discover is the basic, buy low and sell high but what I like to your decision is that you trade safer with low risk because you only buy bitcoin which is in top 1 of the rank.

And now that the market is starting to recover, your first trade became successful and what will be your next move after earning some few bucks from your first trade. That will be your first hurdle and I hope that you can come up with a good idea in order to gain a profit again.

[OrangeII]

but every trick requires close attention because when you let your guard down, you will get a loss. So far, I feel that it's best to trade with USDT because that can be a safe point when prices are down. Well, this explains why USDT has a bigger volume than bitcoin. however, that's a good tip for beginners, it's just that, right now people are focusing on increasing the number of their bitcoins, so many people choose altcoin trading over USDT / BTC.