Need a piece of advice form experienced traders - page 2.

dark08

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Quote from: kidis on December 10, 2019, 12:29:29 PM

Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?

I only used one exchange to monitor the flow of the price, upon seeing a good opportunity to buy or sell then I will make a move its better to find a good exchange site where you feel good to stay in that case you will find your own trafing set up.

CodyAlfaridzi

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Quote from: kidis on December 10, 2019, 12:29:29 PM

Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?

I'm don't feel the need to make an exchange only in one market. Of course, I look for the best rate but for trading, volume/liquidity is more important. Market with better liquidity tends to have a better rate because any slight difference (spreads) between exchanges could be arbitraged.

Assface16678

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Quote from: Reid on December 11, 2019, 07:46:10 AM

Doesn't matter. As long as it is not above the basis price of all the exchange.
Stay with one exchange. Follow how much per bitcoin is.

If you are talking about arbitrage then it will be a difficult path.
Better to just stay with trading in one exchange then do everything you can to make profit.
That is already risky, you should not put it in higher risk.

Trading is about an exchange of currency into another coin that gives you profit, one of the primary goals of every trader is to have their earnings with the use of different styles like in short and long term trading. Those trading methods depend on your trading style, in trading having money or profit is not enough you also need to know what is the basic techniques and how to read when is the coin will be profitable. First, make your research this is they to success you must be knowledgeable in trading like what is the coin suits to your short or long term trading, second you must ready an initial balance for trading to know how does it work. By this knowledge you learned you can now use those as an advantage to other traders and gives you a lot of money, lastly is trust to your every trade you cannot pull out every time if you doubt you cannot earn profit by that.

Reid

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Doesn't matter. As long as it is not above the basis price of all the exchange.
Stay with one exchange. Follow how much per bitcoin is.

If you are talking about arbitrage then it will be a difficult path.
Better to just stay with trading in one exchange then do everything you can to make profit.
That is already risky, you should not put it in higher risk.

AniviaBtc

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Quote from: Kupid002 on December 11, 2019, 05:55:25 AM

Quote from: kidis on December 10, 2019, 12:29:29 PM

Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?

If there are option that you can buy much cheaper in other exchange even i dont register there i will grab that . That was a potential earnings but before doing that you should review the exchange you want to try and check if theres negative feed back given on that exchange.

These topic is very often and common so what you're looking for is easy to find based on the experiences and opinions here. Try to explore here and the answer to your questions will follow. The opinions here are almost the same and is aiming to help you prevent losses while you perform trading.

I suggest that go deeper from this website, don't rely on what is obvious but the basics of trading will really help you to become a professional trader.

Kupid002

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Quote from: kidis on December 10, 2019, 12:29:29 PM

Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?

If there are option that you can buy much cheaper in other exchange even i dont register there i will grab that . That was a potential earnings but before doing that you should review the exchange you want to try and check if theres negative feed back given on that exchange.

irsykes

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Quote from: kidis on December 10, 2019, 12:29:29 PM

Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?

For trade, when i do trading like usual i will keep into current exchange. Because if must move between exchanges need more fees and it means i must look more profit to cover it. And i think every exchange especially bitcoin market will have a little spread in price. If there are a lot of spread, arbitrage trader must already stand by in that market.

Wexnident

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Just like what others said, there ain't much difference when it comes to rates across various exchanges. Instead of deciding depending on that, find an exchange where you feel comfortable with and where you could easily access or insert funds easily from your country, be it a local exchange or not.
As for this "bond" you talk about, well, as long as the exchange is reputable, has no bad records in the past, user friendly and has nice customer support, go for it. If i take this right, emotional attachment has no place in choosing an exchange.

Yaunfitda

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Quote from: kidis on December 10, 2019, 12:29:29 PM

Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?

Of not, there are a lot of exchanges out there, so I don't understand why you're stuck win just one. And to add to that, just a precautionary measure, don't put everything in an exchange though, better have your money in a wallet that you control over with.

It's also good to experiment and experience other exchanges though, regardless of the exchange rate, just saying.

jrrsparkles

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Quote from: kidis on December 10, 2019, 12:29:29 PM

Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?

Holding funds on wallet: When you are this kind of trader you will look for the best price when selling your cryptos not sticking with any particular exchange but you can't got with a random trading platform so it should be combination of reputation of exchange and its price. This kind of traders will be basically long term traders.

Holding funds on exchanges: Means you are trusting that exchange more and doing trades more often in this case you may not switch exchanges for few bucks which actually cost more expense that your profits from it.

~Money~

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Quote from: kidis on December 10, 2019, 12:29:29 PM

Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?

well my choice is trust and how long they are in business.

but in todays time, not every exchange is not fully secure ... even big exchange are also not fully secure to keep funds for long run,after cryptopia hack i don't trust any exchange or keeping funds for long run.lost good amount of alts in cryptopia hack and learned my lessons in hard way. Sad

the rise

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not if the potential for artbitrage remains below 5% (btc), I prefer to trade it again in the same market, but this is not the case with certain altcoins because the volume of each coin in the exchange market can produce quite a large price difference. In artbitrage many conditions must be understood, there are markets that have higher withdrawal fees such as livecoin and hotbit.

Shimmiry

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Quote from: nicolas1979 on December 10, 2019, 09:25:57 PM

Most of us will do that, we need far rate for buy and sell but low in withdraw transactions. That's the work and take time to decide because rate change every minutes/ hours without announcement. Some people with huge fund take the simple, never see rate but analyze market direction. Their profit will close rate/ fee but for this strategy need more than money because patient also needed.

In terms of trading, there's a lot of suggestion styles and techniques came from different person base on their experiences. Trading is all about an exchange of a thing for another thing, but in crypto, this in exchange for coins to different coins that are profitable. In trading there's a lot of tips and techniques one those is knowing what trading, because you cannot enjoy learning something if you don't know what to do, next, is having you must know how to read the graph commonly it gives you a clue when this is the right time to invest. Last is trust to your self even what happens because every failure there's a lesson that you can use in the future.

acdc

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If you are trying to make money from the spread between trades I think you will be disappointed, the money earned from the spread is very small and not worth your effort.
In fact, there are many exchanges that have very high price differences, but the number of transactions is very small and the fees are too high. I think it's best to use reputable trading and have a low withdrawal fee.

nicolas1979

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Most of us will do that, we need far rate for buy and sell but low in withdraw transactions. That's the work and take time to decide because rate change every minutes/ hours without announcement. Some people with huge fund take the simple, never see rate but analyze market direction. Their profit will close rate/ fee but for this strategy need more than money because patient also needed.

maxreish

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Quote from: kidis on December 10, 2019, 12:29:29 PM

Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?

I am bond with my current exchanges not just because I have an account there but because I have chosen the trusted and established exchanges where I am trading my coins. If you are looking for the best rates, the exchanges I have decided to trade in were included. Focus on your trading strategies, best platforms of a particular exchange is easy to find but the trading success rates depends on you.

zeze18

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Quote from: kidis on December 10, 2019, 12:29:29 PM

Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?

IF you're looking for pro advices, twitter is the place for you. Pro traders and crypto influencers are sharing their though through their tweets and you could follow many crypto traders that you think is a pro. Also you could follow the official coin accounts to get up to date with their news

goaldigger

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Quote from: kidis on December 10, 2019, 12:29:29 PM

Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?

I don’t because the rates are almost the same and I’m just using the exchanges that is really trusted in this market so I don’t make any effort to look for the rate individually. The rate of bitcoin will always change, so make sure that you have enough time to analyze so you wont miss the chance buying a cheap one.

leowonderful

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While I like to get good rates for trading and buying and selling coins just like anyone else on this planet that's trading Bitcoin, I mostly stick to a few exchanges that I have accounts at as a lot of exchanges that show exchanges that are greater than normal or too good to be true are often not legit or there's some strings attached that makes it hard to withdraw or perhaps something fee-related. I've tried arbitraging in the past, but it's something mostly dominated by bots now and I found it to not be worth my time.

harizen

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Quote from: kidis on December 10, 2019, 12:29:29 PM

Are you guys looking for the best rates in the market when deciding to buy/sell Bitcoin or you're bond with the certain exchanges where you have an account?

Instead of getting good results by looking for the best rates, it might destroy your whole funds in the process.

It's not that arbitrage isn't a good method after all but for that to be effective, it needs lots of things to consider. It's not advisable for beginners.

Before we go technical here, what's your goal? We might have a good suggestion instead of playing around with the arbitrage method.

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