Author

Topic: I am confused with trading.Help me out (Read 3444 times)

legendary
Activity: 1414
Merit: 1002
= jasad =
April 20, 2016, 10:13:46 AM
#63
I understand that you are confused, because many people here are negative about the value and they tell you that you have to stop or something etc. but dont do that.
But trading is not that bad, because you can make some profit with it and that is nice.
of course trading not bad,its for thy who really know about what they trade and have good knowledge about trading,for newbie i just sufggest to learn about many infromation related altcoin,because trading just like gambling,so risky..
sr. member
Activity: 363
Merit: 250
April 20, 2016, 09:17:02 AM
#62
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
Well in trading mate thats normal the one that youre saying buy low sell high you should promote the more buyer the the sell price will rise up and you can also wait for long term trading if you have the patience to wait like me im waiting for long term trading all of my coins are sleeping lmao. Goodluck mate Smiley
The best thing is that you have to know that the value can keeps stable for a long time so you must know that otherwise there will be a chance that you also can lose some money.
And in the beginning you have to start with some small amounts and later you can make some more profit.
hero member
Activity: 924
Merit: 500
April 19, 2016, 10:01:57 PM
#61
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
Well in trading mate thats normal the one that youre saying buy low sell high you should promote the more buyer the the sell price will rise up and you can also wait for long term trading if you have the patience to wait like me im waiting for long term trading all of my coins are sleeping lmao. Goodluck mate Smiley
newbie
Activity: 6
Merit: 0
April 19, 2016, 05:47:16 PM
#60
Start with a small amount, make sure you can make at least 200 tiny trades before going bigger. This is better than demo trading because you use a little real money which is enough to trigger your internal emotions and decision-making skills that demo cannot.

Then practice practice as much as possible and eventually if you are part of the top 5% of traders at one point you will be able to make minimum wage consistently.
hero member
Activity: 644
Merit: 500
April 19, 2016, 01:14:38 PM
#59
Thank you so much to everyone who posted here and shared their knowledge.It has helped me a lot and I hope will help others also.Trading is lucrative but it involves risk too and thanks for reminding me this and teaching basic of trading
This is the real function of forum to spread and share knowledge / experience.

Glad to hear it was helpful for you, just additional comment from me , if you are talking about trade bitcoin-fiat then I think it is needed large capital to start. Try trade on altcoin, you might can start trading with 1 btc capital only and you can earn more than 50% of your capital a day.

i don't agree with this, it doesn't matter how much you start with for trading no matter what you trade (bitcoin or altcoin) in both cases you can start with a small same size investment and make profit or lose money.
but altcoin have more profit but also more loss while bitcoin trading has less change.

This is why people should use the alt coin as a educational and stick with that route to earn back more in bitcoin.

As long you dont pay for the alt coins and trade and earn the alt coins through other ways should be fine.

Yup I think OP could buy Localbitcoins account, Which is with more than 100 trade and 100% trust. Then He can do doing with his fund and as much he can...
legendary
Activity: 1456
Merit: 1002
April 19, 2016, 10:17:01 AM
#58
Thank you so much to everyone who posted here and shared their knowledge.It has helped me a lot and I hope will help others also.Trading is lucrative but it involves risk too and thanks for reminding me this and teaching basic of trading
This is the real function of forum to spread and share knowledge / experience.

Glad to hear it was helpful for you, just additional comment from me , if you are talking about trade bitcoin-fiat then I think it is needed large capital to start. Try trade on altcoin, you might can start trading with 1 btc capital only and you can earn more than 50% of your capital a day.

i don't agree with this, it doesn't matter how much you start with for trading no matter what you trade (bitcoin or altcoin) in both cases you can start with a small same size investment and make profit or lose money.
but altcoin have more profit but also more loss while bitcoin trading has less change.

This is why people should use the alt coin as a educational and stick with that route to earn back more in bitcoin.

As long you dont pay for the alt coins and trade and earn the alt coins through other ways should be fine.
legendary
Activity: 854
Merit: 1000
April 19, 2016, 04:04:30 AM
#57

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




One will have to wait a whole year before the price can rise to $500!
[/quote]
Short term trading works best only if you trade in great volume I.e if you buy 10 btc at $400 and sell after 2-3 days at $410 you will make $70 profit but if you trade with less btc,your traffic wouldn't be substantial
legendary
Activity: 1960
Merit: 1026
April 19, 2016, 03:49:59 AM
#56

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




One will have to wait a whole year before the price can rise to $500!
[/quote]

if you buy bitcoin at $390 and sell at a price of $450-500 usually takes a long time. better play fast and sell in the range of $395-400
sr. member
Activity: 350
Merit: 250
April 19, 2016, 02:55:43 AM
#55

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
[/quote]




One will have to wait a whole year before the price can rise to $500!
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
April 17, 2016, 07:46:22 AM
#54
Thank you so much to everyone who posted here and shared their knowledge.It has helped me a lot and I hope will help others also.Trading is lucrative but it involves risk too and thanks for reminding me this and teaching basic of trading
This is the real function of forum to spread and share knowledge / experience.

Glad to hear it was helpful for you, just additional comment from me , if you are talking about trade bitcoin-fiat then I think it is needed large capital to start. Try trade on altcoin, you might can start trading with 1 btc capital only and you can earn more than 50% of your capital a day.

i don't agree with this, it doesn't matter how much you start with for trading no matter what you trade (bitcoin or altcoin) in both cases you can start with a small same size investment and make profit or lose money.
but altcoin have more profit but also more loss while bitcoin trading has less change.

Trading with high price is good we will make good profit with this but our fate is not good price went decrease means we will get huge loss so instead of loosing huge money in a single shot we may invest small amount and making small profit is good idea i think and in altcoin we can make nice profit but loss also is there because price variation so i think bitcoin variation is better now.

your English is so bad, i can't really understand what you are trying to say.

if you are talking about diversifying your investment, then i agree this is a good idea to invest in multiple coins to reduce the risk.

but if you are saying if we buy coins that have lower value we can make better profit then i disagree because coins with lower value line something that is worth 100 satoshi are most probably going to die soon so the risk is higher.
hero member
Activity: 910
Merit: 1000
April 14, 2016, 06:54:04 AM
#53
Thank you so much to everyone who posted here and shared their knowledge.It has helped me a lot and I hope will help others also.Trading is lucrative but it involves risk too and thanks for reminding me this and teaching basic of trading
This is the real function of forum to spread and share knowledge / experience.

Glad to hear it was helpful for you, just additional comment from me , if you are talking about trade bitcoin-fiat then I think it is needed large capital to start. Try trade on altcoin, you might can start trading with 1 btc capital only and you can earn more than 50% of your capital a day.

i don't agree with this, it doesn't matter how much you start with for trading no matter what you trade (bitcoin or altcoin) in both cases you can start with a small same size investment and make profit or lose money.
but altcoin have more profit but also more loss while bitcoin trading has less change.

Trading with high price is good we will make good profit with this but our fate is not good price went decrease means we will get huge loss so instead of loosing huge money in a single shot we may invest small amount and making small profit is good idea i think and in altcoin we can make nice profit but loss also is there because price variation so i think bitcoin variation is better now.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
April 14, 2016, 03:00:39 AM
#52
Thank you so much to everyone who posted here and shared their knowledge.It has helped me a lot and I hope will help others also.Trading is lucrative but it involves risk too and thanks for reminding me this and teaching basic of trading
This is the real function of forum to spread and share knowledge / experience.

Glad to hear it was helpful for you, just additional comment from me , if you are talking about trade bitcoin-fiat then I think it is needed large capital to start. Try trade on altcoin, you might can start trading with 1 btc capital only and you can earn more than 50% of your capital a day.

i don't agree with this, it doesn't matter how much you start with for trading no matter what you trade (bitcoin or altcoin) in both cases you can start with a small same size investment and make profit or lose money.
but altcoin have more profit but also more loss while bitcoin trading has less change.
legendary
Activity: 2674
Merit: 1048
April 14, 2016, 12:39:55 AM
#51
Thank you so much to everyone who posted here and shared their knowledge.It has helped me a lot and I hope will help others also.Trading is lucrative but it involves risk too and thanks for reminding me this and teaching basic of trading
This is the real function of forum to spread and share knowledge / experience.

Glad to hear it was helpful for you, just additional comment from me , if you are talking about trade bitcoin-fiat then I think it is needed large capital to start. Try trade on altcoin, you might can start trading with 1 btc capital only and you can earn more than 50% of your capital a day.
legendary
Activity: 3472
Merit: 10611
April 13, 2016, 10:47:41 PM
#50
Before you start trading, I suggest you to acquire as much info as you can. Trading BTC or the Nasdaq or the Forex or whatever is basically the same so you'll find plenty of info everywhere.
Do not start trading if you have no idea about it. Also learn how to read the charts.

well, in my opinion they are the same and they aren't at the same time. as bitcoin grows bigger and bigger it becomes more like forex,... and the same rules will apply and the technical analysis will work but until then it is controlled a lot by hype and a lot of newbie traders who panic sell/buy and swing the price around.

and this becomes a lot worse when it comes to trading altcoins. since that market is a lot smaller the manipulations are a lot bigger.
hero member
Activity: 1092
Merit: 520
Aleph.im
April 13, 2016, 10:17:34 PM
#49
You need to wait for earning some profit in trading. Cryptos moon and you can double or triple your investment in a short time.

You need to figure out what coins are best to invest and what coins are worst. Check sellwalls (automatically selling orders) and if you see a crypto that selling price is 10 satoshi and there is a sellwall in 11 satoshi than keep away from that crypto.

And also, don't listen trolls in trading sites.
legendary
Activity: 854
Merit: 1000
April 13, 2016, 05:25:46 PM
#48
Thank you so much to everyone who posted here and shared their knowledge.It has helped me a lot and I hope will help others also.Trading is lucrative but it involves risk too and thanks for reminding me this and teaching basic of trading
legendary
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
April 13, 2016, 06:27:58 AM
#47
@OP,
The difference between the buy and sell price that you are seeing is called spreads or margins that you need to wait to be filled when selling your coins in order for you to be able to earn from trading, as these brokers earn from these spreads only, which is why everyone is bound to follow the rule...
legendary
Activity: 1946
Merit: 1137
April 13, 2016, 02:21:22 AM
#46
It is clear that you don't have any previous experience or knowledge about trading, and you are only boosted by an emotional impulse to trade bitcoins. I would recommend you to stop this attempt in order to get a first understanding of this business if you don't like to blow your whole money.
 

we were all confused and inexperienced once but over time we made mistakes and learned from them, so you shouldn't just run away if it is confusing.
although it is a good advice to not act irrationally and only based on fake hype that people create on the social media to create panic.
newbie
Activity: 32
Merit: 0
April 13, 2016, 02:15:15 AM
#45
It is clear that you don't have any previous experience or knowledge about trading, and you are only boosted by an emotional impulse to trade bitcoins. I would recommend you to stop this attempt in order to get a first understanding of this business if you don't like to blow your whole money.
 

 
 
 
sr. member
Activity: 350
Merit: 250
Interested in the Power of Bitcoin
April 11, 2016, 10:41:24 AM
#44
Everyone keep going around buy low and sell high. You guys are just using different and more complicated ways to say the same thing.
There are real techniques for trading. But, looks like no one here knows. And those who know it, are not willing to teach.

Yes, buy low and sell high.  But it is more complicated than that.

First, wherever you buy, you are probably going to want to find a different source to sell. 

For example, if you think you can buy on bitstamp and then resell on bitstamp, you won't have much of a markup if any.  You have to find a different exchange or a different source to sell.

For example, buy on bitstamp and then sell on the otc market, like meeting someone in person or selling on localbitcoins.  The difference in price of what you've bought and then what you've sold can be profitable.   

Even better is if you find a trader who wants to get rid of his coins at below market rates.  If you advertise enough on Craig's List, localbitcoins, backpages, etc, you may eventually find people, like miners, bitcoin enthusiasts, etc, who will see you at below market rate.  You can then resell these on the exchanges or from a local buyer.

That is where the buy low, sell high comes in.  If you can't buy at a good rate, you will not be able to sell at a higher rate.

Hope this helps!
sr. member
Activity: 350
Merit: 250
April 11, 2016, 10:20:47 AM
#43
I understand that you are confused, because many people here are negative about the value and they tell you that you have to stop or something etc. but dont do that.
But trading is not that bad, because you can make some profit with it and that is nice.
hero member
Activity: 826
Merit: 1000
April 10, 2016, 04:11:39 PM
#42
Before you start trading, I suggest you to acquire as much info as you can. Trading BTC or the Nasdaq or the Forex or whatever is basically the same so you'll find plenty of info everywhere.
Do not start trading if you have no idea about it. Also learn how to read the charts.

Half the struggle is getting consumed with all the trade strategies to go, and because of this most people just give up.

Which is very understandable, if anything the best way is to network and find a day trader thats already been doing it for awhile and learn their trade setup etc.
sr. member
Activity: 675
Merit: 254
So far so good
April 10, 2016, 04:53:00 AM
#41
Before you start trading, I suggest you to acquire as much info as you can. Trading BTC or the Nasdaq or the Forex or whatever is basically the same so you'll find plenty of info everywhere.
Do not start trading if you have no idea about it. Also learn how to read the charts.
klf
legendary
Activity: 1344
Merit: 1000
April 10, 2016, 04:33:16 AM
#40
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
this is happen on almost every exchange,the only way to get profit and pay some margin is you must trade with large amount,i know its not easy,but you must try to collect bitcoin as much as you can,and trade it on good exchange.
Yes before doing trading you should collect at least countable bitcoins then give offer to clients i think it works you will make profit. why the buy rate is always high means the bitcoin is raising day by day this digital money transfer is became very famous now it's spreading all countries now so the price of bitcoin will not drop in coming days it must be high i don't know how much it will increase so better collect more coins now only.
sr. member
Activity: 294
Merit: 250
April 09, 2016, 05:46:02 PM
#39
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
this is happen on almost every exchange,the only way to get profit and pay some margin is you must trade with large amount,i know its not easy,but you must try to collect bitcoin as much as you can,and trade it on good exchange.
hero member
Activity: 910
Merit: 1000
April 09, 2016, 01:09:14 AM
#38
Try it in which place bitcoin is not working means they don't have access to get that money from there wallet they can give some good margin because they don';t have other option from them buy bitcoin for low and sell it with high price this is the good solution and now every 1 holding there bitcoin for price high so better buyy some coins if you get any good margin now only.
newbie
Activity: 8
Merit: 0
April 08, 2016, 06:18:43 PM
#37
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 book about this. It focuses on Forex - Forex being a lot like Kraken though Kraken might not have a lot of liquidity  -  the exchange rates not moving quite as quickly overall - as when there is not a lot of capital volume being exchanged in the respective exchange markets

It is possible to turn a profit at Kraken, but when the markets are stagnating, it takes a little bit of time.
hero member
Activity: 910
Merit: 1000
「きみはこれ&#
April 08, 2016, 05:31:48 PM
#36
I tried my hands at alt coin trading but failed miserably.The coins that I bought went dead before I could sell them.I dont want to burn my hands again with alt coins

That's why its important to stay updated with the latest happenings in the crypto market.You can't simply buy dead coins,try taking a day or two to analyze the value of the coins.Mostly go for already established coins like ETH,DOGE,etc.
legendary
Activity: 854
Merit: 1000
April 08, 2016, 05:00:45 PM
#35
Investing in Bitcoins is a long term trade.Prices don't fluctuate that much,if you want to invest in short term goals ,buy Altcoins .Buy like 10 of them each one of different type.Its a Pump and Dump situation,risky but you can play smart.The other technique what people do is specing the coins through various exchanges for little profits.Selling at 5%+ Preev rate and buying at a lesser value.Hope you understand.
I tried my hands at alt coin trading but failed miserably.The coins that I bought went dead before I could sell them.I dont want to burn my hands again with alt coins
hero member
Activity: 910
Merit: 1000
「きみはこれ&#
April 08, 2016, 04:51:00 PM
#34
Investing in Bitcoins is a long term trade.Prices don't fluctuate that much,if you want to invest in short term goals ,buy Altcoins .Buy like 10 of them each one of different type.Its a Pump and Dump situation,risky but you can play smart.The other technique what people do is specing the coins through various exchanges for little profits.Selling at 5%+ Preev rate and buying at a lesser value.Hope you understand.
legendary
Activity: 1526
Merit: 1001
April 08, 2016, 03:50:16 PM
#33
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

This is the strategy that most of the traders do, but the difference is to catch the best moment to buy low (at the lowest price possible) and after a few minutes or days/weeks selling at a higher price, it's nearly impossible to get instant profit because the price does not change too often.
sr. member
Activity: 364
Merit: 250
April 08, 2016, 09:13:46 AM
#32
The value around this time is indeed low, but you have not to be negative and just wait longer for a better value so you can have some more profit also later in the future and that is good.
On this time there are a lot of people that is trading now because they dont have the patience to wait such a long time for a price increase.
legendary
Activity: 1190
Merit: 1002
April 06, 2016, 09:31:19 AM
#31
Everyone keep going around buy low and sell high. You guys are just using different and more complicated ways to say the same thing.
There are real techniques for trading. But, looks like no one here knows. And those who know it, are not willing to teach.

you are saying like you know what is the real techniques for trading. Then why dont you share your knowledge.

Buy low and sell High, is not that you will get the price of 1 sat and sell at 10 sat , you have to check the details of the coin how much high it has gone and what is the low and then do the calculation and see that what the coin trend is going, if the coin have bottomed out then just buy it when you see that the pump or upper trend is going to run then just buy it and after  a decent profit set the sell rate , This is the basic rule of trading, you have to decide what price you are going to buy and what price you are going to sell.
newbie
Activity: 49
Merit: 0
April 06, 2016, 08:35:58 AM
#30
Everyone keep going around buy low and sell high. You guys are just using different and more complicated ways to say the same thing.
There are real techniques for trading. But, looks like no one here knows. And those who know it, are not willing to teach.
full member
Activity: 168
Merit: 100
April 05, 2016, 02:41:55 PM
#29
Try to learn binary options, it is much faster way than ordinary trading. Firstly learn the binary option market, check it and let's go.  Grin 

If most people have a hard time learning how to trade.

How can you expect others to even start with binary options like you are a referring to.. lol.
sr. member
Activity: 252
Merit: 250
April 05, 2016, 01:34:35 PM
#28
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, personally i think that trading is most profitable way, much better than gambling, investing or holding bitcoins, and if you don't get any profit, maybe you do something wrong?

you shouldn't be afraid that price will fall down after you buy bitcoins, because that happens pretty often, you have to stay calm and just hold your bitcoins
sr. member
Activity: 350
Merit: 250
April 05, 2016, 09:31:50 AM
#27
We all know that the value is quite low and that it is really hard to make some profit with Bitcoin, but you have to wait a little longer to make some profit, it will rise soon.
Trading is a good thing to make some profit with Bitcoin, if the value is not rising you can always trade and that is very good for your money and coins.
hero member
Activity: 658
Merit: 500
April 04, 2016, 10:44:32 AM
#26
Try to learn binary options, it is much faster way than ordinary trading. Firstly learn the binary option market, check it and let's go.  Grin 
full member
Activity: 238
Merit: 100
April 04, 2016, 06:58:13 AM
#25
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're confused because you're new to trading, don't do huge mistake and don't sell them when they're cheap, because sell rates will be larger than buy rates and you will lose money

if you started trading and you know basic rule then you need to know second very important rule, don't panic and hold bitcoins for long time
hero member
Activity: 966
Merit: 507
April 03, 2016, 05:55:56 PM
#24
It is clear that you don't have any previous experience or knowledge about trading, and you are only boosted by an emotional impulse to trade bitcoins. I would recommend you to stop this attempt in order to get a first understanding of this business if you don't like to blow your whole money.
legendary
Activity: 854
Merit: 1000
April 03, 2016, 03:55:42 PM
#23
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
full member
Activity: 238
Merit: 100
March 26, 2016, 04:55:58 AM
#22
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
sr. member
Activity: 252
Merit: 250
March 25, 2016, 10:12:00 PM
#21
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.
sr. member
Activity: 252
Merit: 250
March 25, 2016, 10:10:49 PM
#20
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.
hero member
Activity: 770
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
March 25, 2016, 11:13:31 AM
#19
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
sr. member
Activity: 392
Merit: 250
March 25, 2016, 10:00:24 AM
#18
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
newbie
Activity: 4
Merit: 0
March 25, 2016, 09:55:57 AM
#17
there is much risk to trade bitcoins, you have to take care of it.
legendary
Activity: 1050
Merit: 1001
March 25, 2016, 08:53:27 AM
#16
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"
hero member
Activity: 658
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
March 25, 2016, 05:11:08 AM
#15
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
full member
Activity: 238
Merit: 100
March 25, 2016, 02:40:22 AM
#14
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
hero member
Activity: 616
Merit: 500
March 24, 2016, 06:58:43 PM
#13
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
legendary
Activity: 3360
Merit: 1533
March 24, 2016, 04:38:21 PM
#12
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
sr. member
Activity: 350
Merit: 250
Interested in the Power of Bitcoin
March 24, 2016, 04:25:09 PM
#11
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.
legendary
Activity: 3472
Merit: 10611
March 22, 2016, 10:41:58 PM
#10
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.
legendary
Activity: 4466
Merit: 3391
March 22, 2016, 06:32:00 PM
#9
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."
legendary
Activity: 1120
Merit: 1000
March 22, 2016, 05:58:54 PM
#8
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
hero member
Activity: 826
Merit: 1000
March 22, 2016, 04:33:15 PM
#7
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.
legendary
Activity: 2688
Merit: 1192
March 22, 2016, 04:28:33 PM
#6
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.
legendary
Activity: 2170
Merit: 1427
March 22, 2016, 03:35:44 AM
#5
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.
legendary
Activity: 854
Merit: 1000
March 22, 2016, 02:57:35 AM
#4
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?
legendary
Activity: 2282
Merit: 1041
March 22, 2016, 01:40:59 AM
#3
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.


that's simple if yu just focus on one coin.

what he intend to know is which coins, newer ones which probably have potential to grow. and that before it sky rocket he already have about millions of these coin bought at about 0.00001 btc probably. and thats where certain profit is.
hero member
Activity: 770
Merit: 500
March 22, 2016, 01:32:11 AM
#2
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.
legendary
Activity: 854
Merit: 1000
March 21, 2016, 04:31:31 PM
#1
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
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