Topic: Beginning with bitcoin trading (Read 4519 times)
I'm like 2 years studying trading and chart but I'm not still confident in trade and how to make a good move, but I can admit to have done some good profit
The forex and other tradings are controlled by some government and organization. But, the crypto currencies are till now unpredictable. Big companies are encourage the peoples at the beginning. when , collection is enough they shutdown the company.
I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.
Yeah, definitely right! Thats why i choose bitcoin trading instead of forex trading.
Apart from gambling, trading is best idea because here we can easily analyse the market with experience. In beginning you may loose some money but once you are familiar with analyzing than you will make money easily with little amount of money. So start with little amount money and start finding the good one.
And in trading it's the same as with gambling: only play with money that you can afford to lose. As far as I know now isn't the best time to buy into the market as I think price will drop in the coming months due to the rise in price of the past weeks. Then again, I'm no pro trader.
I also start earn bitcoin from trading, i think bitcoin affectly from news not from candle analysis(i mean not yet predictable using candlestick). So far i implement technical analysis always got floating more than 3 weeks, its diffrent when i used fundamental analysis and got profit within 3-7 days.
Apart from gambling, trading is best idea because here we can easily analyse the market with experience. In beginning you may loose some money but once you are familiar with analyzing than you will make money easily with little amount of money. So start with little amount money and start finding the good one.
i agree with you, as long as we can learn from our lose then i am sure we can increase our skills in trading and we can survive in trading, beside that the most important is we can make money from trading too. we need to practicing what we learn from the source and we need to do trading every day so we can mastered it soon. every people which is new in trading is doing this until they become pro trader, they doing with carefully when they make analyzing the coin and make sure you understand step by step before you want to do trading.
Apart from gambling, trading is best idea because here we can easily analyse the market with experience. In beginning you may loose some money but once you are familiar with analyzing than you will make money easily with little amount of money. So start with little amount money and start finding the good one.
If you have a polo account I'd look into lending small amounts during spikes, since spikes trigger short-selling bots and cause a temporary surge in demand of certain coins. You can lock in a decent interest rate as seen by the recent dash spike. I was seeing 1-2% roi.
Alternative is learning technical trading indicators, following pumpers on twitter, or following one of the multitude of 'methods' you find on the line.
Alternative is learning technical trading indicators, following pumpers on twitter, or following one of the multitude of 'methods' you find on the line.
I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.
Yes you are Right Bitcoin and Altcoin Trading is Unpredictable and If you want to Succeed in Bitcoin and Altcoins Trading then you need to have Knowledge about trading and You will Get Experience automatically when you start and Do Some Trading But I Suggest you to Firstly Take Some Advice from a Experienced Trader to avoid Mistakes....... It is true that forex trading and bitcoin trading is different. While there are well established companies treading in the forex for long time so that some big one actually controls it. bitcoin On the otherhand is still evolving, many countries are still in 'wait n watch' step. Bitcoin trading is heavily done at chinese btc exchanges. Thus whatever happens there has influence over the global bitcoin prices. Recent China govt decision to investigate the bitcoin exchanges caused bit slump in the bitcoin market. Thus for understanding the bitcoin trends you may want to keep an eye on those important exchanges and political situation as well. If there come another exchange capable of significant impact then understanding of that helps a lot.
There are lot of speculations about the way trade happens in chinese exchanges. Understand that point as well.
Many who have recently joined bitcoin are preferring to hold the bitcoins rather than trade. As per them in coming years bitcoin price will skyrocket to some million dollars.
There are lot of speculations about the way trade happens in chinese exchanges. Understand that point as well.
Many who have recently joined bitcoin are preferring to hold the bitcoins rather than trade. As per them in coming years bitcoin price will skyrocket to some million dollars.
you try to look at the following link, this may be very helpful there who are still newbie ..
https://www.youtube.com/watch?v=40euNfWpXB8
https://www.youtube.com/watch?v=yGxRayvAQvk
I think it helps you to those who are still newbie
It is true that forex trading and bitcoin trading is different. While there are well established companies treading in the forex for long time so that some big one actually controls it. bitcoin On the otherhand is still evolving, many countries are still in 'wait n watch' step. Bitcoin trading is heavily done at chinese btc exchanges. Thus whatever happens there has influence over the global bitcoin prices. Recent China govt decision to investigate the bitcoin exchanges caused bit slump in the bitcoin market. Thus for understanding the bitcoin trends you may want to keep an eye on those important exchanges and political situation as well. If there come another exchange capable of significant impact then understanding of that helps a lot.
There are lot of speculations about the way trade happens in chinese exchanges. Understand that point as well.
Many who have recently joined bitcoin are preferring to hold the bitcoins rather than trade. As per them in coming years bitcoin price will skyrocket to some million dollars.
There are lot of speculations about the way trade happens in chinese exchanges. Understand that point as well.
Many who have recently joined bitcoin are preferring to hold the bitcoins rather than trade. As per them in coming years bitcoin price will skyrocket to some million dollars.
I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.
Forex is you guys are using dollars where you need to buy what is in demand and depends on the volume before you will sell it and made a profit for me forex is hard to follow than bitcoin exchange website. Technology now are becoming more useful and based on my analysis when you really want make profit wait for the price decrease buy and sell. 
Looks like I found the topic I'm looking for as a newbie.
im very new here whats the best way for someone in central europe to get his first bitcoin and where to trade with them!
I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.
trading forex and bitcoin (crypcurrency) is vey different because bitcoin prices are not influenced by fiat but is influenced by supply and demand
You can trade forex with bitcoin using 1broker
Yes I agree with you. I have also even tried forex trading before and have good experience about market. But forex trading and Bitcoin trading two very different platforms. Forex only work on volume but Bitcoin trading platform works on demand and supply.
I would like to give suggestion for Bitcoin trading as keep watch on chart with volume in amount as well supply. This analysis can help to understand current condition of market. Price prediction is another part but trader must have to understand buy wall and sell wall and orderbook.
Even user can do altcoin trading which is beneficial for traders who trade for short term.
I would like to give suggestion for Bitcoin trading as keep watch on chart with volume in amount as well supply. This analysis can help to understand current condition of market. Price prediction is another part but trader must have to understand buy wall and sell wall and orderbook.
Even user can do altcoin trading which is beneficial for traders who trade for short term.
I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.
While doing trading with cryptocurrencies trader must have to understand basic things such as chart of every time duration, total volume, buy wall, sell wall, order book etc. This can help you to determine current market conditions of particular cryptocurrency.
Trading cryptocurrencies is quite risky so please be aware before trading cryptocurrencies.
I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.
While doing trading with cryptocurrencies trader must have to understand basic things such as chart of every time duration, total volume, buy wall, sell wall, order book etc. This can help you to determine current market conditions of particular cryptocurrency.
Trading cryptocurrencies is quite risky so please be aware before trading cryptocurrencies.
Technically trading with bitcoin is really very good decision basically it one of the most profitable markets to trade.You can make good money using this way.Personally i love to trad ,whenever you hold an asset, it can increase or decrease in value cos BTC prize is unpredictable.Before you start trading Bitcoin of course you have to quite much knowledge.
Bitcoin is not completely related to one specific country, you may see news regarding bitcoin from forex but forex is completely different because forex is related to specific country and it depends on their economic status, it can be run government authorized shares being run in the forex. But where as in bitcoin trading no economic and government authorized people has no involvement in bitcoin trading.
Do you think this is worth the time? I feel like the market is too unstable to predict and you may be wasting some time but idk
Of course it is but you need to be smart and being smart you will know an unstable market is the market you want to be trading in.
What mean smart? Everyone can trade, but not everyone will earn. Now Bitcoin price is growing, so it should be easy, but choosing good exchange is the most important thing.
To all unexperienced users I advise stay away from Paxful.
Good exchanges are Coinbase, LocalBitcoins, Bitstamp. Kraken, OKcoin and BTC-e.
Full list of biggest markets is: https://bitcoincharts.com/markets/
Do you think this is worth the time? I feel like the market is too unstable to predict and you may be wasting some time but idk
Of course it is but you need to be smart and being smart you will know an unstable market is the market you want to be trading in.
what i think about trading is that as a beginner it is not right for you to start trading when you don't have formal knowledge of trading currency but i think as are just Beginning you need to start with the basic first before going on with trading because you need to know when to buy or when to sell in order for you not be on the loses.
Do you think this is worth the time? I feel like the market is too unstable to predict and you may be wasting some time but idk
Hey guys, one bitcoin noobie here, who want's to start trading. So which trading platform would be suitable for a beginner like me? I found that people here usually recommends LB's services and it seems to be popular. whether there are other sites that you would recommend?
Thanks!
Thanks!
A few of popular exchanges:
- Local Bitcoin
- Paxful
- BitStamp
- Coinbase
Before you begin trading, take a look at a few sites before making a decision to start exchanges through the service.
Use your common sense, there are a people who may try cheat you at the beginning in this business.
Hey guys, one bitcoin noobie here, who want's to start trading. So which trading platform would be suitable for a beginner like me? I found that people here usually recommends LB's services and it seems to be popular. whether there are other sites that you would recommend?
Thanks!
Thanks!
Bitcoin's price sometimes can really be unpredictable. Even with a huge sum of investment sometimes it is hard to earn money here since it is very unpredictable. As an extra to bitcoin trading, I also do altcoin trading to maximize my profit. Since investing in ICO sometimes is very profitable, I invest into it when I see a good one that I think will grow.
I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.
That's good that you are stuying bitcoin price movements it's really hard for newbie to know about this one the different from exchange website to forex , in forex trading you could lose big money there even your starting and you need atleast 100$ capital to start but in exchange site where you can trade small altcoins you need to understand and follow the flow of the altcoins to make grow your money. 
Yes it is best time to invest into bitcoin because bitcoin have strong ability that it can grow their price definitely in coming days, because daily investments on bitcoin trading is keep growing. But it is completely different from forex here you can store bitcoin for future purpose also.
Bitcoin is following which forex trading site?
I have observed bitcoin price chart and I think it's the safest coin to invest right now,all those other coins or altcoins are just hype and speculation,so I'll go for Bitcoin.
Yes go ahead to invest on it bro, obviously bitcoin would be the profitable crypto currency and nowadays price also getting increase day by day. If possible buy some bitcoins and hold it for sometime sell out. I am sure you will get the profit.
Now a days not only you there are many people who investing their hard earned money into bitcoin trading, because bitcoin has strong future even you can trade other altcoin by using your bitcoin. That is the best part here if you want to trade only btc/usd are else other coins means. This the right platform for trading.
Precaution: Trading is a bit risky.
Precaution: Trading is a bit risky.
I see you started with forex, thats good. It will help you a lot later, im currently trading forex too.
First of all, you should accept all loses you have, the behaviour of market is quite different from the regualr.
it is more aggresive, usually it is harder to predict. but you should always stick to the same strategy as you had before- just dont get over-excited, and go slow with it.
you have time, btc won't dissapear tommorow
First of all, you should accept all loses you have, the behaviour of market is quite different from the regualr.
it is more aggresive, usually it is harder to predict. but you should always stick to the same strategy as you had before- just dont get over-excited, and go slow with it.
you have time, btc won't dissapear tommorow
Analyzing the bitcoin market is really not that hard, bitcoin price does not move like alt coins, because they are too volatile, sometimes you can even see ups and downs in minutes in alt coin markets but bitcoin is not like that, all you need to do is to keep a watch on it for a few days and keep watching some news and you will be good to start with it i guess.
I have observed bitcoin price chart and I think it's the safest coin to invest right now,all those other coins or altcoins are just hype and speculation,so I'll go for Bitcoin.
I am not yet into trading but looking forward to get in here,a lot of my friends told me there are a lot of money if you know how to trade wisely and on time,Just got me an e-book about crypto currency trading and looking forward to apply everything I learn here.
They are right trading has a good source that you can make a profit but the problem if you do not have any skils in trading you are wasting some of your bitcoin or you may lose.. so better to start and study it first in small amount until you find the best methods how to make profit.. Use coinmarketcap to find legit altcoin.
OP, you are right that big market movers move the bitcoin markets because it is completely different than forex.
If you want to trade in bitcoins, you need to be cautious with the movements it takes every minute as anything can happen in these markets because it takes less capital, at least less than forex to be moved towards a side.
If you want to trade in bitcoins, you need to be cautious with the movements it takes every minute as anything can happen in these markets because it takes less capital, at least less than forex to be moved towards a side.
I am not yet into trading but looking forward to get in here,a lot of my friends told me there are a lot of money if you know how to trade wisely and on time,Just got me an e-book about crypto currency trading and looking forward to apply everything I learn here.
Someone suggested it, to use hypothetical investments. Follow the market for some time and see how it behaves in a month/week/day/ and you'll have some idea of how it goes. There was one website, like a game with investing, you have a market updated non stop and you set a price for btc to hit or drop to, it's more like a gambling game while you're following a market.
As i can understand bitcoin market is depending on us, on us selling and buying the bitcoin. Otherwise one can decentralization the bitcoin price, and if you have hard study about it, than I don't think that study can help only know the bitcoin market, But now should see very thing is going fine, and bitcoin price up, than its mean bitcoin market very well.
Following are the best ways u can do bitcoin trading
-zebpay
-localbitcoins
-with ur friend ,well i think its the most trust worthy area .
And i think bitcoin trading will be the new future .
-zebpay
-localbitcoins
-with ur friend ,well i think its the most trust worthy area .
And i think bitcoin trading will be the new future .
-zebpay is from India an i doubt they accept anyone from other countries. and even if they do there are a lot of other exchanges which are a lot better.
- localbitcoins trading is harder than you may think, there is already a lot of competition and selling for fiat there has risks of its own like the charge backs and other types of fraud
- this third one is not even trading, you can sell to your friend if you have bitcoin and they want it but it is not trading.
Following are the best ways u can do bitcoin trading
-zebpay
-localbitcoins
-with ur friend ,well i think its the most trust worthy area .
And i think bitcoin trading will be the new future .
-zebpay
-localbitcoins
-with ur friend ,well i think its the most trust worthy area .
And i think bitcoin trading will be the new future .
-zebpay is from India an i doubt they accept anyone from other countries. and even if they do there are a lot of other exchanges which are a lot better.
- localbitcoins trading is harder than you may think, there is already a lot of competition and selling for fiat there has risks of its own like the charge backs and other types of fraud
- this third one is not even trading, you can sell to your friend if you have bitcoin and they want it but it is not trading.
Hi, like most people have said already. Crypto coins are very volatile. High risk, high reward. Invest in the right
Coin and you can make good money.
Coin and you can make good money.
Following are the best ways u can do bitcoin trading
-zebpay
-localbitcoins
-with ur friend ,well i think its the most trust worthy area .
And i think bitcoin trading will be the new future .
-zebpay
-localbitcoins
-with ur friend ,well i think its the most trust worthy area .
And i think bitcoin trading will be the new future .
Bitcoin trading is one of the profitable way to generate more money or bitcoin because we know that bitcoin or any crypto-currency is very volatile to its price and most of them are unpredictable since they don't take controls from government or any high officials. Just continue studying about bitcoin trading and who knows maybe bitcoin trading is the one that you are looking and will help you to earn some easy $$$ in the future. Just patience and determination 
.
. I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.
Traidng with bitcoin is really good business or profit if you are always in market and seeing always the movement and the different price of bitcoin like forex then you will know the basic on how to trade this kind of experience is good so you can help your self to analyze about on what you are going to trade. The bitcoin market can be analyzed in the same way as the traditional markets. Most of the times, especially in quiet periods, it behaves the same way (probably due to bots using the same algorithms).
You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.
You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.
Correct, and I like to add that I discovered that most volatility in crypto currency happens when China Stock Exchange is open.
Yes, but Bitcoin market is still very little, so even one good news (or bad news) can change price in few hours by several percent. That's why trading Bitcoin still is high risk, even for experienced traders. For Newbies (in my opinion) it is just simply lottery
its true, but the changing price is not directly happen like what in forex. beside that, bitcoin is not depending with news in out side, maybe just a little and if we make analysis, make sure we know what is going on with the markets before we decide to buy bitcoin.
I think much more dangerous are informations from inside
Every attack on big exchange, bad news from chinese farms or modification of the law in one of the large countries end up with price destabilization.
All this situation we cannot predict, it can happen any time. Bitcoin trading is still based more on the growing popularity and the belief in success than on technical analisis.
I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.
Forex and Bitcoin trading is really different . Starting from the platform that is being used to do trade on each. I could say bitcoin trading is far away more simple ,it maybe volatile but not as volatile on prices on forex and also in forex there are wide range of choices to trade starting from currencies,commodities etc.. Bitcoin trading is unpredictable too unlike on forex which you could do make some patterns and analysis.Hi Zadicar,
Can I ask which plaform(s) you use to trade forex?
i think bitcoin price still stable. but altcoin's prices are not stable. if you see some dump for bitcoin. you can wait or buy more bitcoin for reduce price per your bitcoin. i dont know how is it named.
All the crypo currency's price always volatile only, However bitcoin price simply raising from the past two months this shows its stability and potential. I think in this year end bitcoin price will be atleast 850$ and more.
I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.
Forex and Bitcoin trading is really different . Starting from the platform that is being used to do trade on each. I could say bitcoin trading is far away more simple ,it maybe volatile but not as volatile on prices on forex and also in forex there are wide range of choices to trade starting from currencies,commodities etc.. Bitcoin trading is unpredictable too unlike on forex which you could do make some patterns and analysis.
i think bitcoin price still stable. but altcoin's prices are not stable. if you see some dump for bitcoin. you can wait or buy more bitcoin for reduce price per your bitcoin. i dont know how is it named.
The bitcoin market can be analyzed in the same way as the traditional markets. Most of the times, especially in quiet periods, it behaves the same way (probably due to bots using the same algorithms).
You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.
You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.
Correct, and I like to add that I discovered that most volatility in crypto currency happens when China Stock Exchange is open.
Yes, but Bitcoin market is still very little, so even one good news (or bad news) can change price in few hours by several percent. That's why trading Bitcoin still is high risk, even for experienced traders. For Newbies (in my opinion) it is just simply lottery
its true, but the changing price is not directly happen like what in forex. beside that, bitcoin is not depending with news in out side, maybe just a little and if we make analysis, make sure we know what is going on with the markets before we decide to buy bitcoin.
I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.
well i think you can always use any kind of analysis that you have knowledge of and they will always help but they are never completely right no matter what market you are doing it on.
and for bitcoin in my opinion the reason why it changes like this is that bitcoin is still too small and has not yet reached the mass adoption, so the adoption is still happening which makes it always go up in long term.
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The bitcoin market can be analyzed in the same way as the traditional markets. Most of the times, especially in quiet periods, it behaves the same way (probably due to bots using the same algorithms).
You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.
You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.
Correct, and I like to add that I discovered that most volatility in crypto currency happens when China Stock Exchange is open.
Yes, but Bitcoin market is still very little, so even one good news (or bad news) can change price in few hours by several percent. That's why trading Bitcoin still is high risk, even for experienced traders. For Newbies (in my opinion) it is just simply lottery
its true, but the changing price is not directly happen like what in forex. beside that, bitcoin is not depending with news in out side, maybe just a little and if we make analysis, make sure we know what is going on with the markets before we decide to buy bitcoin.
The bitcoin market can be analyzed in the same way as the traditional markets. Most of the times, especially in quiet periods, it behaves the same way (probably due to bots using the same algorithms).
You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.
You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.
Correct, and I like to add that I discovered that most volatility in crypto currency happens when China Stock Exchange is open.
Yes, but Bitcoin market is still very little, so even one good news (or bad news) can change price in few hours by several percent. That's why trading Bitcoin still is high risk, even for experienced traders. For Newbies (in my opinion) it is just simply lottery
The bitcoin market can be analyzed in the same way as the traditional markets. Most of the times, especially in quiet periods, it behaves the same way (probably due to bots using the same algorithms).
You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.
You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.
Correct, and I like to add that I discovered that most volatility in crypto currency happens when China Stock Exchange is open.
The bitcoin market can be analyzed in the same way as the traditional markets. Most of the times, especially in quiet periods, it behaves the same way (probably due to bots using the same algorithms).
You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.
You can try to apply your analysis for a while with a hypothetical investment and see how you do to know if it can work for you.
Bitcoin markets have nothing to do with most news as you see in forex, because in forex, currencies are run by their countries' economical state, but bitcoin is not bound to any country which is why the movements here are completely unpredictable and surprising.
"Cryptocurrency markets are a lot more volatile and unpredictable"
That is why this market is just so interesting. Managing your trade when you are "in" is much more important now.
That is why this market is just so interesting. Managing your trade when you are "in" is much more important now.
Thanks for your post. Yes you are quite right, Cryptocurrency markets are a lot more volatile and unpredictable. Unless you have a very good understanding of the current market, what is happening in the scene, know who is purchasing etc it can be very hard to make good profits with large capitals.
I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.
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