I am confused with trading.Help me out - page 3.

btvGainer

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Quote from: bankingbtc on March 26, 2016, 04:55:58 AM

Quote from: btvGainer on March 21, 2016, 04:31:31 PM

I have read and heard that one can earn and make good money with trading bitcoins.I also want to give it a shot.Everyone says the basic rule of trading is buy low and sell high but I am confused because which ever exchange I try,the buy rate is always higher than sell rate.How can one profit if sell rate is less than buy rate.If I buy at $390, the sell rate is $380

you shouldn't care about that, if you want to get profit, you shouldn't sell them at tiny price, because you will only lose money that way, you just have to wait for good price rise and sell then, would be dumb to sell for such a low price

Thats right but I want to learn how to read and understand market.Where do I find data for trends and more importantly how to know when whales will dump it

bankingbtc

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Quote from: btvGainer on March 21, 2016, 04:31:31 PM

I have read and heard that one can earn and make good money with trading bitcoins.I also want to give it a shot.Everyone says the basic rule of trading is buy low and sell high but I am confused because which ever exchange I try,the buy rate is always higher than sell rate.How can one profit if sell rate is less than buy rate.If I buy at $390, the sell rate is $380

you shouldn't care about that, if you want to get profit, you shouldn't sell them at tiny price, because you will only lose money that way, you just have to wait for good price rise and sell then, would be dumb to sell for such a low price

luciann

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Quote from: rekinthis on March 25, 2016, 05:11:08 AM

Quote from: btvGainer on March 21, 2016, 04:31:31 PM

I have read and heard that one can earn and make good money with trading bitcoins.I also want to give it a shot.Everyone says the basic rule of trading is buy low and sell high but I am confused because which ever exchange I try,the buy rate is always higher than sell rate.How can one profit if sell rate is less than buy rate.If I buy at $390, the sell rate is $380

yes of course there will be price falls too, not rises only, just don't panic, don't be afraid and just keep your coins not matter what, after some time price will go up again, it is normal to bitcoin to fall and go up again, and sell only when price is high

Panic is only natural, because its your hard earned money you paid into bitcoin.

So losing $100 can be too much.. as I mentioned most people dont look how much they work with 1st to even trade.

luciann

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Quote from: imbest on March 24, 2016, 06:58:43 PM

You need to wait when bitcoin price goes up, then sell it and make some profit.you can buy now and wait until price goes up

The price goes up and sell is a obvious one.

But it really determines on how big your bankroll is, to survive enough to trade really.. cause there will always be a bad trade.

fravia

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Quote from: btvGainer on March 21, 2016, 04:31:31 PM

I have read and heard that one can earn and make good money with trading bitcoins.I also want to give it a shot.Everyone says the basic rule of trading is buy low and sell high but I am confused because which ever exchange I try,the buy rate is always higher than sell rate.How can one profit if sell rate is less than buy rate.If I buy at $390, the sell rate is $380

yes of course price changes, pumps and dumps like usual, and you shouldn't be afraid of that because it is very normal for bitcoin, if you bought for 390$ for example, don't sell them for sell that 430$ or you won't get profit, don't sell when cheap

7Priest7

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Quote from: btvGainer on March 21, 2016, 04:31:31 PM

I have read and heard that one can earn and make good money with trading bitcoins.I also want to give it a shot.Everyone says the basic rule of trading is buy low and sell high but I am confused because which ever exchange I try,the buy rate is always higher than sell rate.How can one profit if sell rate is less than buy rate.If I buy at $390, the sell rate is $380

there is a risk when you trade bitcoins, like you buy for 400$ and next day it falls down, but you shouldn't be afraid because that is not horrible thing just you have to stay calm and don't panic and don't sell your bitcoins, because price will go up pretty soon

JEON

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there is much risk to trade bitcoins, you have to take care of it.

RealPhotoshoper

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Quote from: btvGainer on March 21, 2016, 04:31:31 PM

I have read and heard that one can earn and make good money with trading bitcoins.I also want to give it a shot.Everyone says the basic rule of trading is buy low and sell high but I am confused because which ever exchange I try,the buy rate is always higher than sell rate.How can one profit if sell rate is less than buy rate.If I buy at $390, the sell rate is $380

you are right,its always happen on every exchange,they always put different buy price and sell price,just like forex. but i suggest you to looking for cheapest buy price on every exchange,and then sell it on highest sell price in every exchange,and remember to buy only when bitcoin price really down,so you will not get hard to buy "buy price"

rekinthis

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Quote from: btvGainer on March 21, 2016, 04:31:31 PM

I have read and heard that one can earn and make good money with trading bitcoins.I also want to give it a shot.Everyone says the basic rule of trading is buy low and sell high but I am confused because which ever exchange I try,the buy rate is always higher than sell rate.How can one profit if sell rate is less than buy rate.If I buy at $390, the sell rate is $380

yes of course there will be price falls too, not rises only, just don't panic, don't be afraid and just keep your coins not matter what, after some time price will go up again, it is normal to bitcoin to fall and go up again, and sell only when price is high

makingwin1

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Quote from: btvGainer on March 21, 2016, 04:31:31 PM

I have read and heard that one can earn and make good money with trading bitcoins.I also want to give it a shot.Everyone says the basic rule of trading is buy low and sell high but I am confused because which ever exchange I try,the buy rate is always higher than sell rate.How can one profit if sell rate is less than buy rate.If I buy at $390, the sell rate is $380

yes you're right, main rule of bitcoin and every other crypto is to buy cheap and sell expensive, let's say if you bought your bitcoins at 390$ each, don't sell them for 380$ next day, you have to wait for right moment, like huge price rise to 500$ or 450$ and then sell

imbest

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You need to wait when bitcoin price goes up, then sell it and make some profit.you can buy now and wait until price goes up

tyz

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Mostly has already been explained. I would add the following read what explains what bid, ask and spread are. It will help you to understand the issue better.
http://www.investopedia.com/terms/b/bid-askspread.asp

TommyBitcoin

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Interested in the Power of Bitcoin

Quote from: Fortify on March 22, 2016, 04:28:33 PM

You have to remember the aspect of arbitrage between different bitcoin exchanges (bitstamp, bitfinex, localbitcoins, btc-e) and the extra perks that long term traders may get on each of them. If you can buy bitcoins for $400 at one exchange and sell it for $410 at another then with high enough volumes you can make some money.

An even better way is to buy them below exchange rate!

It is possible, but it requires a lot of work- online and offline marketing- and patience. Slowly but surely you can find people who are willing to sell below exchange rate: miners, preppers, and from people with other lifestyle choices. It won't happen over night, but with time and effort you can build up a good network.

pooya87

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Quote from: btvGainer on March 21, 2016, 04:31:31 PM

I have read and heard that one can earn and make good money with trading bitcoins.I also want to give it a shot.Everyone says the basic rule of trading is buy low and sell high but I am confused because which ever exchange I try,the buy rate is always higher than sell rate.How can one profit if sell rate is less than buy rate.If I buy at $390, the sell rate is $380

it is not that easy and "fast" you don't buy and then sell right after.

first you find a low price lets say $400 then you place buy order to buy at $400 or wait and buy when the price is near that. they you place a sell order at a higher price lets say $420 now you wait until it gets filled.

the important part is choosing the low and high prices. and remember that the wait part can be 1 minute to forever.

odolvlobo

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Quote from: btvGainer on March 21, 2016, 04:31:31 PM

I have read and heard that one can earn and make good money with trading bitcoins.I also want to give it a shot.Everyone says the basic rule of trading is buy low and sell high but I am confused because which ever exchange I try,the buy rate is always higher than sell rate.How can one profit if sell rate is less than buy rate.If I buy at $390, the sell rate is $380

Despite what you have heard, most traders lose money, especially the inexperienced ones.

"Buy low, sell high" is not a rule or a method. It is a requirement. If you can successfully buy low and sell high, you will have a profit. Otherwise, you will have a loss.

Here are some more helpful "rules" in the trading world:

"There ain't no such thing as a free lunch".

"If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy."

btccashacc

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Quote from: Fortify on March 22, 2016, 04:28:33 PM

You have to remember the aspect of arbitrage between different bitcoin exchanges (bitstamp, bitfinex, localbitcoins, btc-e) and the extra perks that long term traders may get on each of them. If you can buy bitcoins for $400 at one exchange and sell it for $410 at another then with high enough volumes you can make some money.

this is the one of the trading strategy, in addition if you won't charge for fees, you can convert your coin to first dogecoin, it cost you cheaper than bitcoin's fee it's really help if you want to send your coin from one exchanger to another exchanger
goodluck

techgeek

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Quote from: Fortify on March 22, 2016, 04:28:33 PM

You have to remember the aspect of arbitrage between different bitcoin exchanges (bitstamp, bitfinex, localbitcoins, btc-e) and the extra perks that long term traders may get on each of them. If you can buy bitcoins for $400 at one exchange and sell it for $410 at another then with high enough volumes you can make some money.

As attractive this sounds for most, I think the risk volume should be factored.

Esp when needing a bigger bank roll to just scalp those margins. I dont know, this is just me but Id prefer to micro loan the same margin then risking a bankroll.

Fortify

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You have to remember the aspect of arbitrage between different bitcoin exchanges (bitstamp, bitfinex, localbitcoins, btc-e) and the extra perks that long term traders may get on each of them. If you can buy bitcoins for $400 at one exchange and sell it for $410 at another then with high enough volumes you can make some money.

1Referee

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Quote from: btvGainer on March 22, 2016, 02:57:35 AM

Quote from: Rude Boy on March 22, 2016, 01:32:11 AM

Basically you need some patience in trading. If you buy at $390, you have to wait until the selling price cross $390+ then only you can get some profit. All you need is hold your coin.

Behalf of this, try localbitcoins, you can set your selling price (not too much price than the current sell price) and bargain to buy at low price.

Ok I understand that I have to wait till price goes above $390+ to make profit but usually the price fluctuations are little over short period of time so I have to wait very long to make considerable profit and again wait for price to get back lower.Right?

Yes.

It's barely worth trading if you buy for example at $400 and sell at $410, so to make a better profit you should have more patience. It can take a few days some times, and some times it takes a month or so. And then as you also mentioned, you have to wait till the price to come down to a level where you can easily buy to repeat the whole cycle.

btvGainer

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Quote from: Rude Boy on March 22, 2016, 01:32:11 AM

Basically you need some patience in trading. If you buy at $390, you have to wait until the selling price cross $390+ then only you can get some profit. All you need is hold your coin.

Behalf of this, try localbitcoins, you can set your selling price (not too much price than the current sell price) and bargain to buy at low price.

Ok I understand that I have to wait till price goes above $390+ to make profit but usually the price fluctuations are little over short period of time so I have to wait very long to make considerable profit and again wait for price to get back lower.Right?

Topic: I am confused with trading.Help me out - page 3. (Read 3451 times)