Questions for traders | Bitcointalksearch.org

bitcoinisbest

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Quote from: wallacedf on December 15, 2016, 06:35:40 PM

Hi everyone,

I'm getting to know better the market for cryptocurrency trading. In special, I'm really interested in understanding which are the biggest challenges/problems you face when trading. My intention is to study and analyze deeply these problems and evaluate potential solutions that will be valuable for traders, so it would be really great if I could get some feedback from you. So, basically, I have some few main questions but, please, feel free to provide any feedback you may want to.

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?

-----------------

1) As of now the only withstanding coin in the market is btc and rest of the coin is just for the owner to earn profit as within no time their value becomes zero. (There are exception though to it)
2) Majorly localbitcoin is the best unless you have good local exchanges in your country.
3) No strategy based on demand and supply.

dothebeats

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Cashback 15%

1. LISK, ICN and of course, bitcoin.
2. I often use Bittrex, Polo and Bitstamp for trades.
3. Arbitrage I do a lot when there are some nice price swings happening in the market. But right now, I don't trade btc for the mean time and my sole focus is finding a nice coin to do some heavy trades on and potentially give me some hefty profits.

ikydesu

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Quote

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?

1. Bitcoin primary, and ETH.
2. Used local exchange to trade bitcoin, for alts usually using bittrex or poloniex.
3. Usually i using scalping strategy, earn little amounts constantly with some time frame (minutes or hour).
I'm interesting with arbitrage, but i need to learn more to use it.

monbux

legendary

Activity: 1736

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Quote from: HatakeKakashi on December 16, 2016, 07:56:06 PM

1. Lisk , ltc, ICN , PSB, ether . this is my usually trade .
2. Poloniex , c-cex , bittrex , and yobit.net- I trade in this exhanges site.
3. I buy an altcoin when the price is low or cheap and then wait to To increase the price and then sell not all I think the 50% because I wait to increase more .if the price is dump I will buy again.

Lisk has caused me to lose a lot of money, haha.

Since most people have answered the first set of questions, I'll try to take on the updated ones:

1) Do you use some kind of bot or any similar tool to help with you decisions? If you do, do you think that this tool/bot that you're using could be improved somehow to help you even more?
No and I'm skeptical of this. What if something happened with the bot that caused you to lose all your money?

2) If you don't use such tools, why would that be ?
As above.
--------------------------------------------------------------------------------------------------------------------
1) If you're willing to reveal them, which sources do you trust when making your analysis?
Me, myself, and I
2) How effectively do they help you today?
It's been a heck of a ride
3) Which are the most difficult/time consuming/tricky tasks when you're actually collecting the info/making your analysis?
Trickiest task? Making money Wink

Idrisu

sr. member

Activity: 924

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To answer some of your question; as a trader you need to understand the fundamental laws of trading, that is:
1. Currency pair information: If you are trading bitcoin with other crypto currency? You need to know all information about the current state of those currency.
2.Right exchanger or trading site: Yobit is good for newbies and if you are a professional? Poloniex.
3. Good technical and fundamental analysis: Don't go into trade if you don't understand technical and fundamental analysis because there are what determined the market movement force and because of this I always place a trade after study market price action.
The answers to some of your question provided by other posters' are good but remember market has a mind of it Own and the best ways to trade is have a good money management policies in place.

cinchin

sr. member

Activity: 308

Merit: 250

1) Which cryptocurrencies do you trade?
-I usually trade FCT,XMR
2) Which exchanges do you usually work on?
-I usually work on poloniex.com
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?
-I usually trading buy low sell high,or choose wisely when buy or sell,difficult is you need decision buy or sell immediately

sevendust777

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Quote from: wallacedf on December 15, 2016, 06:35:40 PM

Hi everyone,

I'm getting to know better the market for cryptocurrency trading. In special, I'm really interested in understanding which are the biggest challenges/problems you face when trading. My intention is to study and analyze deeply these problems and evaluate potential solutions that will be valuable for traders, so it would be really great if I could get some feedback from you. So, basically, I have some few main questions but, please, feel free to provide any feedback you may want to.

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?

Thank you!
--------------------------------------

UPDATE:

I have been receiving great feedback! Thank you so much for this. Yes, I understand that everyone has a own strategy when it comes to trading, so I was really trying to understand better the difficulties you encounter. I think I'm starting to get some initial relevant ones.

Many of you said that watching prices closely, putting effort tracking many altcoins you hold and even acting fast enough can be tough. I have some additional questions:

1) Do you use some kind of bot or any similar tool to help with you decisions? If you do, do you think that this tool/bot that you're using could be improved somehow to help you even more?
2) If you don't use such tools, why would that be ?

Also, some of you mentioned that is challenge deciding when to buy/hold/sell your coins, specially when pumping and bumping are involved. I understand that prices are unpredictable, but even though, you probably use some kind of analysis or any source of information to help with you decisions. Some few questions:

1) If you're willing to reveal them, which sources do you trust when making your analysis?
2) How effectively do they help you today?
3) Which are the most difficult/time consuming/tricky tasks when you're actually collecting the info/making your analysis?

I'd like to thank you again for taking some time to put your feedback here.

I trade so many cryptocurrencies some of them are NEM, XAUR, HMP, PSB etc... This are some of my coins i hold for longterms... I also like day trading for everyday profit...

I started trading @Ccex but now i do trade @ Poloniex, Bittrex, Yobit, Cryptopia, Nova, Bleu and more depending on the coins i support and depending on the coins movement...

I do some arbitrage once in a while, I just do basic trading buy low sell high...

JariKriting

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Quote from: HatakeKakashi on December 16, 2016, 07:56:06 PM

1. Lisk , ltc, ICN , PSB, ether . this is my usually trade .
2. Poloniex , c-cex , bittrex , and yobit.net- I trade in this exhanges site.
3. I buy an altcoin when the price is low or cheap and then wait to To increase the price and then sell not all I think the 50% because I wait to increase more .if the price is dump I will buy again.

if every dump you buy coin, how you anticipate if coin down until di-listing in exchanger
and you can lost all your money your investment in trading because you can't selling your coin

HatakeKakashi

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Activity: 1274

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1. Lisk , ltc, ICN , PSB, ether . this is my usually trade .
2. Poloniex , c-cex , bittrex , and yobit.net- I trade in this exhanges site.
3. I buy an altcoin when the price is low or cheap and then wait to To increase the price and then sell not all I think the 50% because I wait to increase more .if the price is dump I will buy again.

xuan87

legendary

Activity: 1666

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I am open to trade all kind of crypto currency, so basically I trade crypto currency based on the updated news, so I am not focusing on the coin but I am more focusing on the chart, usually I do my trade in bittrex or yobit because yobit got more alt coin than other exchanger and bittrex is a reputable exchanger, I usually just used speculation to trade I am still learning how to trade properly, so my weapon to trade are based on news and chart

eternalgloom

legendary

Activity: 1792

Merit: 1283

1. Bitcoin, Dash and Monero
2. Only on Poloniex
3. I usually do some day-trading and I also look for news involving the altcoins in question.
I'm also subscribed to a number of blogs and news sites that offer trading tips.

DingDong87

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1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?

1, Amps, Lisk, Waves, Jewels

2, Poloniex, Bittrex, Yobit Cry

3, I buy when the fudding starts I sell when the hyping starts. No arbitrage, the most difficult part is sifting through threads of bullshit.

Potato Chips

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Quote from: wallacedf on December 15, 2016, 06:35:40 PM

Hi everyone,

I'm getting to know better the market for cryptocurrency trading. In special, I'm really interested in understanding which are the biggest challenges/problems you face when trading. My intention is to study and analyze deeply these problems and evaluate potential solutions that will be valuable for traders, so it would be really great if I could get some feedback from you. So, basically, I have some few main questions but, please, feel free to provide any feedback you may want to.

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?

Thank you!

1). It actually depends on the current market but as of now its mostly bitcoin and XMR, ETH, XRP , LSK are the coins that i think is promising

2). You can try Poloniex and C-CEX since their site is easy to understand when it comes to newbies

3). Its nothing much just the common thing buy low sell high. The hard part I guess is You have to always keep watch of the market and

finding the promising coins when they are low

amacar2

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Quote from: wallacedf on December 15, 2016, 06:35:40 PM

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?

1) Mostly bitcoin and to hedge against bitcoin when bitcoin market is on dump, i hold few high volume altcoins.
2) Poloniex and bitfinex mostly but occasionally also bittrex and yobit.
3) Arbitrage trading can't give you much profit also it will require much more bankroll so i don't try to do arbitrage trading. Mostly i buy from exchange and sell it on local trading platform or directly to local guys at few % above the market rate.
4) Difficult part is to keep getting updated regarding variety of altcoins that you are holding or having close eye to catch some profit on swing.

Important lesson is not to buy when any coin is pumping/bumping and not to sell what you have when it is getting small dump.

Nahl

legendary

Activity: 1652

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Quote from: wallacedf on December 15, 2016, 06:35:40 PM

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?

Thank you!

1. usually bitcoin but it all depends on the market trend because currently most of altcoins had down trend
and i must do small research to choose which altcoins will be profitable for short trade

2. bittrex and poloniex for altcoins trading and local exchange to bitcoin trading

3. i don't have the particular strategy during my trading activity and i'm not working alone currently because there are my friends as traders
too and if i want to buy altcoins or bitcoin usually we will do small discussion untill we decide to buying or selling

pooya87

legendary

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Quote from: wallacedf on December 15, 2016, 06:35:40 PM

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?

1) i have always been investing in bitcoin for long term and did a little short trading but didn't like it much. and as for altcoins i have been trading them actively before bitcoin started to move up like crazy. now i am staying away from altcoin market.
2) bittrex
3) if i can find a good arbitrage opportunity yes, i will pounce on that. but it is rare.

deisik

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Quote from: wallacedf on December 15, 2016, 06:35:40 PM

Hi everyone,

I'm getting to know better the market for cryptocurrency trading. In special, I'm really interested in understanding which are the biggest challenges/problems you face when trading. My intention is to study and analyze deeply these problems and evaluate potential solutions that will be valuable for traders, so it would be really great if I could get some feedback from you. So, basically, I have some few main questions but, please, feel free to provide any feedback you may want to.

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?

Nowadays, I prefer to stay with Bitcoin only, small amount of which I still trade primarily at Btc-e. Earlier, I heavily traded dogecoins using arbitrage, and that eventually allowed me to earn around a dozen bitcoins starting with basically nothing, but later I decided to call it a day since it had been heavy on the CNS. Right now, as I said, I trade a fixed part of my Bitcoin stash (in percentages), so that I can always profit from both rises and drops in Bitcoin price. If you are going to use arbitrage yourself, you'd better find or develop a price tracking bot...

That will help you immensely

ArdiPrabowo

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Activity: 644

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Quote from: wallacedf on December 15, 2016, 06:35:40 PM

Hi everyone,

I'm getting to know better the market for cryptocurrency trading. In special, I'm really interested in understanding which are the biggest challenges/problems you face when trading. My intention is to study and analyze deeply these problems and evaluate potential solutions that will be valuable for traders, so it would be really great if I could get some feedback from you. So, basically, I have some few main questions but, please, feel free to provide any feedback you may want to.

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?

Thank you!

1 usually iam trade bitcoin monero etherum maidsafe litecoin
2 iam trade in poloniex bitrex cryptopia kraken huobi
3 iam strategy use pivot point to analys price,
about aribitrage i can see price in poloniex bitrex and yobit

Zadicar

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Quote from: wallacedf on December 15, 2016, 06:35:40 PM

Hi everyone,

I'm getting to know better the market for cryptocurrency trading. In special, I'm really interested in understanding which are the biggest challenges/problems you face when trading. My intention is to study and analyze deeply these problems and evaluate potential solutions that will be valuable for traders, so it would be really great if I could get some feedback from you. So, basically, I have some few main questions but, please, feel free to provide any feedback you may want to.

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?

Thank you!

Trading isnt really an easy thing and the only solution with that is having a good knowledge and creating profitable plans,experience does really matter we cant perfect trading even how professional we are since price is truly unpredictable.

1. I do trade on Bitcoin,Xaur,LSK,XMR2
2. C-cex and Poloniex
3. Common ways on doing trading and people do have its own techniques and strategies they really differ.

btcdiggingmaster

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Transact Safer / Chase Better

Quote from: wallacedf on December 15, 2016, 06:35:40 PM

Hi everyone,

I'm getting to know better the market for cryptocurrency trading. In special, I'm really interested in understanding which are the biggest challenges/problems you face when trading. My intention is to study and analyze deeply these problems and evaluate potential solutions that will be valuable for traders, so it would be really great if I could get some feedback from you. So, basically, I have some few main questions but, please, feel free to provide any feedback you may want to.

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?

Thank you!

Really what i can say is every one has his own independent thought about trading because every skilled person will have his own thoughts to trade at higher price, volumes, company assets, user base, % mining lot more. Each person has his own thoughts in trading. let me answer you question.

1) Which cryptocurrencies do you trade?
I used to trade XMR, ETH, RIPPLES,XCP, NAV

2) Which exchanges do you usually work on?
Basic exchange which has good volume like Bittrex, poloniex

3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?
My part is simple i try to do trading on the basis of user base and company updates, My most difficult part is today many people are keep pumping and dumping the coins.

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