Patience is key when we talk about trading tips. I've had too often then i sold while the price was climbing. In some cases i mist over 70% of profit.
So don't do any hasting trading, have a clear mind and be patient.
Topic: Basic trading tips - page 2. (Read 2118 times)
Arbritage can be profiable if you have a lot of cash on both exchanges. But arbritage like gamlinb can be very risky when the price is very volatile.
Currently it is quite volatile, so I would not even consider doing arbitrage.
Currently it is quite volatile, so I would not even consider doing arbitrage.
and what do you think about arbitrage?
it offer a very tiny profit, and it can not be done on any exchange anymore, but only on those exchange that offer a margin of profit, but they usually do, because they have something bad to offer
like higher fee, higher waiting time for your money to be deposited(more conf) or withdrawals, but with the right bot, you should be able to do a 0.1-0.5% of profit on the best case
I'm going to start trading with cryptocurrencies and I need some basic information. I know how trading works but I want to know how much BTC should I start with and how long time does it take to get profit.
First register as trader in any good trading sites like localbitcoins. then go with the trading demands. Having a bitcoin in a less number is not problem. I suggest you to have 5 btc atleast with you. Go with buying btc first and then do selling.and try earn trust from the people
I'm going to start trading with cryptocurrencies and I need some basic information. I know how trading works but I want to know how much BTC should I start with and how long time does it take to get profit.
With more money u get in, the more money u can make, I think that is a rule. Everything else is more or less luck. I made some trading with 0.005 btc, with some currencies that I follow for some time now.
That is my advice to u, follow news, follow what people talk around and when u catch the right moment u need to react. And in end don't trust in anything u need to have your own way of calculating things in your head, when u develop that feeling u will be a good trader, at least I see it like that.
Find good trading site and try it, nothing can replace real thing and experience. I wish u good luck in all this, and be careful. Regards.
and what do you think about arbitrage?
buy low sell high! it's the basic tip..
I agree,one more.....you also have to be patient when you want to sell bitcoin back
I'm going to start trading with cryptocurrencies and I need some basic information. I know how trading works but I want to know how much BTC should I start with and how long time does it take to get profit.
There are no guaranteed strategies for trading as most of the crypto's are manipulated a lot and is only profitable to people who are running those proof of scam coins.some basic knowledge about coins and markets is available at coinmarketcap.com ,i will also advice to read the recent news articles on coinbase.
Imagine you buy 1 bitcoin at 400$, it's a wise idea to have some active orders or a bot to sell if it hits 350$ for example because at night when you sleep the price can go down easily even 100$ and you don't want to have your bitcoin stand still and lose money.
Its better to only use half of your money to buy coin at first and if price rises you will gain profit for sure and if not you can buy more coins at cheaper price with the remaining cash.
Never become panic when you see large dump within a hour and sell all your coin, that is the best time to buy more.
Never become panic when you see large dump within a hour and sell all your coin, that is the best time to buy more.
buy low sell high! it's the basic tip..
I'm going to start trading with cryptocurrencies and I need some basic information. I know how trading works but I want to know how much BTC should I start with and how long time does it take to get profit.
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