Finally, i find way into crypto trading - page 3.

kamblepatry09

jr. member

Activity: 53

Merit: 2

In future you will probably be trading Altcoin. so for you my opinion is..

1) Do a minimum recherche before buying, don't attempt to buy just seeing pumping.
2) Find out in where it launched & see if it launched in a reputed market or not.
3) Monitor on it's volume and exchange rate for few weeks if you think it's potential then buy.
4) Don't buy when raised high price and don't sell on dip. Wink

Be smart, Happy Trading...

maydna

hero member

Activity: 2912

Merit: 556

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Quote from: JeotQ on January 29, 2020, 02:08:00 PM

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

Buying bitcoin at low and selling at high will be the best way to make a profit, and that is a good trick for people who don't know much about trading. They don't have to analyze deeper than the other people, and they only find out the low price to buy and hold it for a while. People can do that, and I think they can get any time to buy bitcoin at a low price.

People only need to have an account in the exchanges as you, and binance will be the best exchange they use to buy and sell bitcoin. If they can buy and sell many times, I am sure that they will make a profit, and they can collect a lot of USDT and bitcoin because they can have a big chance to repeat it over and over.

Stanlo

full member

Activity: 952

Merit: 110

its still very risky and I don't like that idea of yours, I'm better off with storing my bitcoin in my wallet and keep buying when I see another cash, bitcoin trading is risky

bgaf

sr. member

Activity: 644

Merit: 257

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Quote from: letyouearn on January 31, 2020, 05:51:06 PM

Don't really like the idea of such trading but it's better than trying to daytrade using technical analysis anyway. I prefer using crypto as long-term investing instrument, storing money in bitcoin and top altcoins.

This kind of strategy works best for those who doesn't have enough time to monitor their funds. Actually this is a good idea for those who have also work and can't completely watch the charts. For me I do trading if I have free time but also I have work and cannot really focus on trading alone. But there are signal in our group who are doing trading and they just telling us when short and long time though I can't check for myself I trust them since its been a long time since I started to join them. Anyway we have different opinion and the style we do work for ourselves in different point of view.

heleina

newbie

Activity: 588

Merit: 0

Trading or investing always involved Risk Factor. The flow of the market is unpredictable sometimes and if your decision is wrong, that will lead you to losses..

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Quote from: letyouearn on January 31, 2020, 05:51:06 PM

Don't really like the idea of such trading but it's better than trying to daytrade using technical analysis anyway. I prefer using crypto as long-term investing instrument, storing money in bitcoin and top altcoins.

If we choose cryptocurrencies as a place to make money then we will never avoid the risk. Both of way (trading and investing) will always have a risk each other. Such as trading, your risk is when you are wrong to make an analysis and for investing especially for long term investment then you will find how the movement price of bitcoin itself.

I mean, have you remember bitcoin price just increased for almost $18000 in one year at 2017 ago, when you buy bitcoin at $1000 in the early of that year then you are deserve to gain $18000 in one year, but who know if you have greedy thing. I will believe you will never sold bitcoin at $18.000 and finally you will see bitcoin price decreased a lot, yeah that is the risk that you will find.

ije07

sr. member

Activity: 1435

Merit: 250

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every investment or trade has its own risks, but in terms of trading it is far more risky if you choose the wrong coins and the exchange you use doesn't have many users. but I think you have done a good job, especially if it's your first time trading. my advice, you should always be vigilant because the price of cryptoqurrency is always changing all the time and you must always monitor the assets that you are trading.

imstillthebest

full member

Activity: 1638

Merit: 122

because trading its not easy . what you do is only right , you learn for months , finding way on how to improve your trades and finalyl you know the secret . its only impossible that no one helped you on this forum because there are so many users on this forum and most of them are traders . they wont give straight forward answer because its hard to explain without actual initiation unless you hire them as a coach to guide you step by step using some tools like video calling or live chatting .

coinfinger

sr. member

Activity: 1638

Merit: 278

The two platforms you mentioned, iQoption and Olymptrade, are both binary options traders.
These two sites are very different from the one you used in trading cryptocurrency, you can testify that.

When it comes to option trading you just have the put and call options and use these two options to predict where the price of an asset, currency, or stock is heading to. If you make an accurate prediction you make profit. Some people have said that it’s just like gambling, well, I don’t really think so because you still have to do some analysis in it.

davinchi

legendary

Activity: 2100

Merit: 1058

What the risk would be is that you might be stuck with USDT for long time and it might not give you the chance to trade with the markets simultaneously which would stop your profits but if you continue to hold those USDT just to purchase bitcoins at a dip which you are waiting for would be something which would really give you profits.

Moreover, it is good to hear that you were able to earn $100 profits from just buying and selling bitcoins but I doubt, you would have need to wait for some mid-term in order to sell your coins for $9200 price. Also, the current bullish signs made it possible for you to quickly fill your profits, but the market might even move in an opposite direction. You need to prepare yourself for that situation so that you can minimize the risk of facing any loss.

bering

legendary

Activity: 2884

Merit: 1006

Leading Crypto Sports Betting & Casino Platform

If you says no risk to losing your money in trading then i have to says that's non sense and there is no such thing because risk always be involved if it related to money especially trading when uncertain things will always be parts of it however i have been heard the method you used that there was some of people suggest to me while the price of btc down then you can convert it to usdt and they says it safe method to minimize losing money but i personally never done it before

Doranile432

member

Activity: 476

Merit: 22

Still you aren't far from the risk of losing out, once bitcoin keeps climbing on and on you will be left with your stable coin and you will miss out a lot, i think it's better to just keep your bitcoin instead of trying to trade it which can make you lose what you already owned

wxxyrqa

full member

Activity: 1330

Merit: 121

Quote from: letyouearn on January 31, 2020, 05:51:06 PM

Don't really like the idea of such trading but it's better than trying to daytrade using technical analysis anyway. I prefer using crypto as long-term investing instrument, storing money in bitcoin and top altcoins.

Undoubtedly, this is the best way to profit on the cryptocurrency market, especially if you invest for a long time in the highest-rated cryptocurrencies, as well as projects that have good prospects and are in demand in society. Such activities and income from these activities should be less of a concern to someone who has other sources of income. with daily trading, the trader makes a profit every day, every week and every month, and with long-term investment, profit can be obtained in six months or a year.

xiboothrezi

sr. member

Activity: 1246

Merit: 285

Quote from: JeotQ on January 29, 2020, 02:08:00 PM

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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

It is better like that, learning by doing, congratulations because you can find a path that suits your wishes. After this you will discover even more new things, especially if you are trapped in falling prices, you will learn a lot about patience and train your mentality to become stronger, a tough choice to hold amid falling prices that tend to continue to occur, and this will become more light if you learn about market analysis. You can learn technical things directly from various kinds of literature on the internet, but more important and good lessons are from your own experience. Believe me, you will definitely get the lesson itself by doing it directly. Note that you must be prepared to face the risk, so play it safe.

letyouearn

legendary

Activity: 1722

Merit: 1014

Don't really like the idea of such trading but it's better than trying to daytrade using technical analysis anyway. I prefer using crypto as long-term investing instrument, storing money in bitcoin and top altcoins.

SquallLeonhart

legendary

Activity: 2436

Merit: 1102

Quote from: joseyphil82 on January 30, 2020, 09:18:00 AM

OP target was 9200 dollars and now bitcoin is way over, i hope you've learned your lesson here, trading is very risky, what if bitcoin keeps surging from here on? You will feel very angry for holding that stable coin when you should be holding bitcoin

You would only be angry on yourself and no one else so it is fine. This would make you more conscious about your investments next time onward and you would gain huge lot of experience by facing any such situation. Price for bitcoin keeps crossing $9300 which is a good sign for the bull runs because bitcoins already have crossed a target of $9200 which might now leave bitcoins nearby $10,000.

This would be the first step to the bullish markets in these past few years after the mid 2017 bull runs. This also might be a market situation where even newbie traders can make immense profits just by following the trend and speculating the graphs for maximum time.

kodtycoon

legendary

Activity: 1568

Merit: 1002

what you say is something that happens by chance and does happen in a fast time, because there will be times when you buy at a higher price and then the price is dumped. if that's the case, what will you do? because every trade has its risks and you cannot assume trading in this highly fluctuating market has no risk. be careful, because pride will most likely lead you to suffering

isaac_clarke22

sr. member

Activity: 1596

Merit: 264

I remembered when I held my first Bitcoin like it was only .002 BTC and I thought I'll be just fine just hodling it. Turns out I found out too late that BTC is indeed unstable that day and my first exchange to trade at was EtherDelta
I appreciate the sharing of your story, OP.
We're not in the same route, but we're going towards the same goal. Good luck to us!

Sanugarid

full member

Activity: 1442

Merit: 153

★Bitvest.io★ Play Plinko or Invest!

Quote from: breathlessz on January 31, 2020, 12:30:42 AM

Quote from: Maslate on January 30, 2020, 08:04:57 PM

Quote from: Latines on January 30, 2020, 11:13:10 AM

There is no 100% probability of winning in the auction. Therefore, I did not rejoice ahead of time. Maybe you will be led throughout the year, and then you will lose everything. Or maybe a blunder in a month. For this, study all the pitfalls, understand the essence, do not act on emotions. Emotions and money have always been enemies, they do not live together.

Trading does require more of your time so you need to be very knowledgeable on the coin you are trading and not just trading only even without prior knowledge about the coins you are going to trade. And since you have no assurance of winning or losing in the end, you have to be very patient because being impatient alone will only make you lose more in the end.

patience must also be based on analysis, so that we wait for nothing. in this case the time required cannot be ascertained, so it takes a strong psychological so as not to panic when facing market fluctuations. to support success in trading, psychology has the biggest role

This is indeed good news for you. We can say that trading is also a good way of earning with regard to crypto. There are actually lots of ways to earn crypto including this one. And because of that, we can make ourselves profitable. There are techniques you need to consider when you do trading and you must have a solid portfolio for your guide. You must be knowledgable when entering in this kind of business or way of income because one wrong mistake can lose your money in just a blink of an eye. Trading is really a hard way of earning because since crypto is volatile in terms of price, we cannot predict when to pump up or when to dump in terms of value.

MINISTR_E

member

Activity: 139

Merit: 11

Quote from: JeotQ on January 29, 2020, 02:08:00 PM

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

You are just lucky, you are in the right trend for bitcoin; next time the same tactic will not work, buy low, and the market will go even lower. Although it must be admitted that this tactic can give a good harvest with due diligence.

Topic: Finally, i find way into crypto trading - page 3. (Read 878 times)