Topic: How do you trade your crypto currency? (Read 750 times)
Trading is quite difficult to learn and master because aside from time, you need to be cold-headed and patient. You can watch youtube vids or read articles of effective trading. Don't rush and feel free to ask opinions from experts. Find the best coin to trade by doing your own research and choose a reliable exchange site like etherdelta.
So far I started with Hitbtc and really like that platform to use for trading and I just read up on Coin News and spend a lot of time studying the charts. Most of my profits come from small pumps instead of buying low and holding for awhile.
You should really be careful with all those small pumps bro ! As sweet as they can be for profit, they can be deadly. Yes, if you can time it well, you can really be hitting some great profit in the long run, but one bad thing is that you can end up losing your funds as well.It is a huge risk for a high profit but I would rather trade the normal way than ever try something like that. Even if you want to trade any coin today, you have to be smart about it, whether it is a shit coin or not.
You will know a shitcoin anyway by the volume of the trade but one thing is never to hold it for long and never to trade them without a stop loss. Altcoins all have a chance of easily experience huge dumping when BTC is having some swell time, so it is always advisable to be safer than sorry.
I did day trade cryptocurrency with short term especially altcoin that paired with BTC because the price of BTC strong bullish trend now. I just take profit 10%-20% then buy again in lower price, and i choosed only some altcoin that has strong fundamental just like ETH, LTC, DASH, WAVES, OMG, POWR, POLL, CCORE. And I also use cut lose strategy when wrong analyis and the price continue jump.
Want to know how you trade and how it works. Thanks
You trade your coins/cryptocurrencies on an exchange similar to traditional online stock market exchanges. Best to be safe and stick with the well-known ones like the following:
-Poloniex
-Bittrex
-Binance
-Bitfinex
I suggest you do more google research before actually trading.
Nice exchanges you have mentioned there and I have been using bittrex for a while now without issues. Yet, being a newbie, you should better get verified first before putting any funds on bittrex so you do not get locked out as some are having it presently.-Poloniex
-Bittrex
-Binance
-Bitfinex
I suggest you do more google research before actually trading.
We cannot start telling you how we trade and how it works, you just have to hit the books and learn and there are so many resources you can make use of if you are eager like some people have rightly said.
You trade your coins/cryptocurrencies on an exchange similar to traditional online stock market exchanges. Best to be safe and stick with the well-known ones like the following:
-Poloniex
-Bittrex
-Binance
-Bitfinex
I suggest you do more google research before actually trading.
Nice exchanges you have mentioned there and I have been using bittrex for a while now without issues. Yet, being a newbie, you should better get verified first before putting any funds on bittrex so you do not get locked out as some are having it presently.-Poloniex
-Bittrex
-Binance
-Bitfinex
I suggest you do more google research before actually trading.
We cannot start telling you how we trade and how it works, you just have to hit the books and learn and there are so many resources you can make use of if you are eager like some people have rightly said.
Want to know how you trade and how it works. Thanks
I don't Trade always, but I'm trading my coin is I'm buying tokens in a LOW price that I know that is worth buying for and I'm going to sell it on a HIGH price so I could make profits in the long run. Don't ever just randomly buying tokens just because you have the money, NO, you are just going to waste your money, because not all of the tokens in the exchangers could give you profits, some of them are just shitcoins.
So far I started with Hitbtc and really like that platform to use for trading and I just read up on Coin News and spend a lot of time studying the charts. Most of my profits come from small pumps instead of buying low and holding for awhile.
Want to know how you trade and how it works. Thanks
You need an account to a trading platform, poloniex and bittrex are some
Then you can buy cheap and sell high
A better way of trading is to buy ICOs and when are available in trading platforms to sell them or wait until is the right time to sell them...
Good thing with EtherDelta is that it is a decentralized exchange but you still have to be very careful when playing with your private keys. Also, as much as ICOs can be highly profitable, you have to be ready to do some thorough research on them, so you do not be a victim of scam as some of them are huge scams these days.
Want to know how you trade and how it works. Thanks
I have always been good saver rather than investor of bitcoin. With my experience I have invested sometimes and got the returns. I have always applied simple strategies such as swing trading where one would go buying coins at lower rates and then try to sell it as much high as one could do.
It doesn’t work well enough if you are not putting all the efforts into holding it and putting extra hours on researching where to invest your money. So choosing of coins is very important aspect the same way a we would do with normal fiat currency or commodity in the forex market. That’s all I know about the trading or that’s all I learnt up until now after making some investment into trades.
Knowing all the exchanges to trade is one thing which the user above me have already listed out but knowing how to trade is the most important thing. No one on this forum will definitely sit you down to let you know how to trade safely and effectively as you have to search online, the forum and YouTube yourself to get some resources you may need to learn. However, I will advise you make some search on YouTube, as you will get some good resources to get you going pretty fast there.
There are many exchanges, yet only some of them are good to use in secure.
I like bittrex, poloniex, hitbtc, etheredlta, binance and waves dex. They working smoothly and I didn't have problems there. I do bitcoin fiat trades there.
Knowing all the exchanges to trade is one thing which the user above me have already listed out but knowing how to trade is the most important thing. No one on this forum will definitely sit you down to let you know how to trade safely and effectively as you have to search online, the forum and YouTube yourself to get some resources you may need to learn. However, I will advise you make some search on YouTube, as you will get some good resources to get you going pretty fast there.
It is not important to know all the stock market sites, so I have worked with 3-4 stock exchange sites so far. Sometimes when you get used to an interface, other interfaces seem to be useless. If there are those who want to do arbitrage they need to know all the stock market sites. Want to know how you trade and how it works. Thanks
You trade your coins/cryptocurrencies on an exchange similar to traditional online stock market exchanges. Best to be safe and stick with the well-known ones like the following:
-Poloniex
-Bittrex
-Binance
-Bitfinex
I suggest you do more google research before actually trading.
-Poloniex
-Bittrex
-Binance
-Bitfinex
I suggest you do more google research before actually trading.
which one works for you?
You have to understand that you do not have control of your funds when using most of these exchanges as they are centralized, so you may have to put in what you can afford to lose incase anything goes wrong with any of the exchanges.
You trade your coins/cryptocurrencies on an exchange similar to traditional online stock market exchanges. Best to be safe and stick with the well-known ones like the following:
-Poloniex
-Bittrex
-Binance
-Bitfinex
I suggest you do more google research before actually trading.
-Poloniex
-Bittrex
-Binance
-Bitfinex
I suggest you do more google research before actually trading.
which one works for you?
stay away from bittrex, they have turned into a scam exchange service. you can read the scam accusations against them: https://bitcointalksearch.org/user/richiela-96390
and look at their topic for more explanation: https://bitcointalk.org/index.php?topic=463202.1720
the rest of these exchanges aren't any better either. they all suffer the same flaw of not being regulated and be shady. they can easily run away at any time they wish to. and so far there has been a dozen big exchanges that have ran away with large amounts of bitcoin. sometimes they simply disappear and sometimes they tell some lies about being hacked or something and sometimes like bittrex they simply close lots of accounts selectively and be silent about it.
you may ask what is the solution? well there aren't any simple ones. you either have to suck it up and accept the risk of getting scammed by the exchange you trust and withdraw your money each time. or you have to stop trading! or you have to use decentralized exchanges which are harder for traders.
You trade your coins/cryptocurrencies on an exchange similar to traditional online stock market exchanges. Best to be safe and stick with the well-known ones like the following:
-Poloniex
-Bittrex
-Binance
-Bitfinex
I suggest you do more google research before actually trading.
-Poloniex
-Bittrex
-Binance
-Bitfinex
I suggest you do more google research before actually trading.
which one works for you?
stay away from bittrex, they have turned into a scam exchange service. you can read the scam accusations against them: https://bitcointalksearch.org/user/richiela-96390
and look at their topic for more explanation: https://bitcointalk.org/index.php?topic=463202.1720
the rest of these exchanges aren't any better either. they all suffer the same flaw of not being regulated and be shady. they can easily run away at any time they wish to. and so far there has been a dozen big exchanges that have ran away with large amounts of bitcoin. sometimes they simply disappear and sometimes they tell some lies about being hacked or something and sometimes like bittrex they simply close lots of accounts selectively and be silent about it.
you may ask what is the solution? well there aren't any simple ones. you either have to suck it up and accept the risk of getting scammed by the exchange you trust and withdraw your money each time. or you have to stop trading! or you have to use decentralized exchanges which are harder for traders.
Want to know how you trade and how it works. Thanks
Trading crypto basically needs the trader to buy and sell crypto. This is done on exchanges which are numerous and are both centralized and decentralized. Although centralized exchanges are not liked by many people still I prefer to use them because of the added safety of getting exempted in case taxation issues appear and I can show my ledger and pay taxes as required - you dont want to get sued in case your government declares crypto as taxable.
While trading the basic idea to make profit is to buy low and sell high. Bitcoin is something to HODL and holding bitcoin for long term while selling smaller portions of it for profits at intervals is what many people have been doing. Altcoins are better for day trading but there are many goo altcoins worth holding for long term as well.
I'm looking for some new ICO projects, create as much account as i can, buy those coins and wait till it reaches to the exchanger. I'm pretty sure if they reached to the exchanger , the price would be double or tripple the sale price .
Create an account in trading platform such as poloniex, bittrex, cryptopia and others ... then you can verify your identity if you trade in large quantities, it will ease in deposit and witdhraw, or if you want to arbitrage your coins. And you can see before you trade, you can buy some coin if the price is low. You can see the chart and daily volume....
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