How Does Trading Work? What Are good sites?

equator

legendary

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Quote from: Amph on March 30, 2016, 01:16:15 AM

daily trading is too much of a pain in the ass, the only real good and very profitable trading, is to buy new potential altcoin and sell them when they skyrocket, and they usually always skyrocket, you will see with lisk again

i would not evne call it trading, maybe i would call it one time investment

I agree with you for daily trading it is really pain to just sit opposite to monitor and watch the price to go up and down, instead their are so many new coins coming every weekly you can just participate in their give away policy and do trading, but not daily, you can put the selling price and buying price automatically it will get clear.

I use to do this type of trading in Yobit and coinexchange.io. yobit gives freecoins through which you can trade and understand how to do trading without investing risk.

bitgamerz

newbie

Activity: 51

Merit: 0

Before you even consider trading, let me invite you to read about the scams.

I hear more about people losing money with BTC trading & scamming than peeople who actually make profit.

No matter how you sell your BTC, there will always be someone to scam you (unless you use Online exchange plateforms like btc-e or kraken and you have amazing trading skills with a big capital).

Is that your case ?

Amph

legendary

Activity: 3248

Merit: 1070

daily trading is too much of a pain in the ass, the only real good and very profitable trading, is to buy new potential altcoin and sell them when they skyrocket, and they usually always skyrocket, you will see with lisk again

i would not even call it trading, maybe i would call it one time investment

notlist3d

legendary

Activity: 1456

Merit: 1000

At this point I think long term holding is kinda the name of the game for most. BTC is the gold of crypto, this has not changed for quite some time. I have dabbled in alt's at points. But BTC holding long term has been my biggest sucess (and that coming from mining).

It is not a sure thing though look at those who bought in 900-1000 day's of BTC... they lost big. So it is in no way a sure thing. But I like long term holding of BTC. It can be done safe and secure. Also a lot of alts are crap in my eyes. There are a few with promise... but very few compared to number of alts out there.

maniator

newbie

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Merit: 0

I trade at bitfinex.com and it's really good.

fuathan

hero member

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Aleph.im

These are pretty good trading sites with relatively low fees...

poloniex.com
bitfinex.com
yobit.net

n691309

legendary

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Quote from: mikehersh2 on March 24, 2016, 06:36:28 PM

Still fairly new to BTC, and only make them with signature campaigns. However trading is obviously a major role in bitcoin. Can someone explain to me how it works, and how I can get involved?

First of all i would suggest to take a look at the most popular exchanges, personally i use poloniex, c-cex, yobit and some others. Then just look and analyze how tradings are made. Take notes how much is changing the price in an hour and so on you will understand the basics.

aardvark15

hero member

Activity: 1008

Merit: 510

Trading with cryptocurrencies is just like trading with stocks. You can trade a cryptocurrency for fiat or for another cryptocurrency. The trick is finding an exchange that is both trustworthy and has the trading pairs that you want. I'm having trouble finding one that works for me. Cryptsy was the one I used and I liked the trading pairs, but they stole my money. So be careful!

GermanGiant

hero member

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Quote from: mikehersh2 on March 24, 2016, 06:36:28 PM

Still fairly new to BTC, and only make them with signature campaigns. However trading is obviously a major role in bitcoin. Can someone explain to me how it works, and how I can get involved?

Similar to any stock trading. Long, short, arbitrage --> Profit.

Pursuer

legendary

Activity: 1638

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Where is my ring of blades...

Quote from: n0ne on March 25, 2016, 03:57:01 AM

Localbitcoins looks to be the best for trading. It has made the process of trading very simple rather than trading through exchange websites.

localbitcoins is a good place to buy bitcoin locally not for trading.
although it is possible to do some trades on localbitcoins and make money from the big price difference, it is not the best suggestion especially to someone who has no prior experience with trading.
I would suggest using the popular exchangers that are trusted (old) and still have a good daily trade volume.

quentincole32

hero member

Activity: 518

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Quote from: mikehersh2 on March 24, 2016, 06:36:28 PM

Still fairly new to BTC, and only make them with signature campaigns. However trading is obviously a major role in bitcoin. Can someone explain to me how it works, and how I can get involved?

A major role of bitcoin are :

1. Economy Revolution
2. Technology and Mining
3. To the moon together
4. Trading is the last

However if you want to start training trade, Try to trade your bitcoin to altcoin, and start trade altcoin with small amount only. Use your brain to sell your coin when the price high and buy when the price low.

I recommend :

1. Bittrex
2. Poloniex

mikehersh2

sr. member

Activity: 462

Merit: 273

Quote from: Aamir1 on March 25, 2016, 12:42:54 PM

Quote from: LFC_Bitcoin on March 25, 2016, 10:26:38 AM

I wouldn't advise to get mixed up in regular trading unless you have some kind of expertise in it OP.
Buy when you think the price is low & sell when you're happy with whatever profits if any you get.

Don't get mixed up with trying to be clever day trading, it usually only has one outcome.

That is exactly right, i myself never dared to try trading just because of that fear of facing a loss because of less experience, i never tried it that is why i am always afraid of doing it as i don't know anything about trading and market rates if when they are good for buying.

So, are you going anything else for BTC besides signature campaign?

Mystogan

newbie

Activity: 45

Merit: 0

I'm using poloniex from a week. I like their layout and night mode lol. But i suck at trading opened account so I can buy altcoins.

Supercrypt

legendary

Activity: 1554

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Bit-x and Ecoin are good trading websites. It works the similar way like stock market and forex where you buy and sell bitcoins. You buy them at a lower price and sell them at a higher price (excluding the trading fee). LBC also has a trading option but the fee is quite high.

3amsalem

newbie

Activity: 22

Merit: 0

i think trading is a risky busness because there is always someone who wins and others who lose so that makes it like gambling so if you know what are you doing go ahead if not i don't think you will hve a positive results

coinzat

sr. member

Activity: 434

Merit: 250

Young but I'm not that bold

there are two kind of trading for bitcoin. first one is to trade bitcoin to flat currencies like USD, EUR etc.. and the second one is trading bitcoin with altcoin and the second one is more risky as some altcoin has very volatile market and some of them are scam coins.
you can trade in https://poloniex.com - https://www.bitfinex.com

Aamir1

hero member

Activity: 756

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Quote from: LFC_Bitcoin on March 25, 2016, 10:26:38 AM

I wouldn't advise to get mixed up in regular trading unless you have some kind of expertise in it OP.
Buy when you think the price is low & sell when you're happy with whatever profits if any you get.

Don't get mixed up with trying to be clever day trading, it usually only has one outcome.

That is exactly right, i myself never dared to try trading just because of that fear of facing a loss because of less experience, i never tried it that is why i am always afraid of doing it as i don't know anything about trading and market rates if when they are good for buying.

LFC_Bitcoin

legendary

Activity: 3556

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#1 VIP Crypto Casino

I wouldn't advise to get mixed up in regular trading unless you have some kind of expertise in it OP.
Buy when you think the price is low & sell when you're happy with whatever profits if any you get.

Don't get mixed up with trying to be clever day trading, it usually only has one outcome.

RealPhotoshoper

legendary

Activity: 1050

Merit: 1001

Quote from: mikehersh2 on March 24, 2016, 06:36:28 PM

Still fairly new to BTC, and only make them with signature campaigns. However trading is obviously a major role in bitcoin. Can someone explain to me how it works, and how I can get involved?

yes,trading is major role in bitcoin,bitcoin trading is simple as we see when people buy on low price and sell high,but when we do it,i dont think i feel same like people,i dont know why,trading just get small profit. is suggest you to trade with big amount of bitcoin,and you will have chance to make big profit.

Kprawn

legendary

Activity: 1904

Merit: 1074

You can try out this site, https://1broker.com/ if you want to take a crack at it and then use this as a guide http://www.bitbiz.io/threads/newbie-guide-to-trading-on-1broker.810/ to get you started.

What is the level of your trading skills? It would help to give more detailed information on the subject. If you simply want to trade in and out of fiat, I would recommend using a local exchange. Some

exchanges needs a lot of private information to verify your identity, so choose wisely. Roll Eyes

Topic: How Does Trading Work? What Are good sites? (Read 1245 times)