Topic: Trading Cryptocurrencies (Read 415 times)
I'm an upcoming trader and I use Bittrex exchange. I prefer long term trading and for that I use fundamental analysis. Here I listen to news and events about coins on the exchange. I make my trade based on this and it never fails me.
What do you base your decisions on when you enter a trade in the crypto-sphere?
The risk definitely is the first deal. I make sure that I can take the risk if ever I lose in my trade but if not then that's an achievement and it boost my confidence as a trader. Before I listen to those news that are literally giving the market a bad sign to collapse or put into a correction but now I don't. I'm not that good in trading so getting those helpful advice from other traders which I think will be beneficial to my trading habit is being absorbed, we are all old and we know what are the good advice and not because other advice now are just shilling their coins.
I always look at when the coin is to be launched on new exchanges. I also see how the capitalization of this coin increases. Check out the latest news on the coin I'm analyzing. If all these quotes are positive and like me, then I will invest in this coin.
Its exciting when flipping. Just follow the trends then buy at short dips and sell for short profits at intervals. . It is a very frustrating but productive endeavour. If you want to go in to flipping, it needs to be done full time and not part time else you might get burnt easily.
What about anticipating Market Makers moves? They control the market in general
check some important thing before investment, like their basic about the project, roadmap also their vision. also always following announce about that coin which you invest on it, at least it will a bit help you.
Both fundamental and technical analysis are important in trading crypto currencies in a day. Although it is very risky to trade short-term, a profit of 10$ above is still a profit. Try to research about the most commonly used indicators when trading during any trend in chart. I recommend the website Tradingview which shows almost real time data from exchanges. Only apply those which are applicable to your taste. Good luck trading!
Hi guys, the topic of discussion is aimed at gathering input from other traders about how they make their choices in the Crypto Market, and hopefully hereby we can get a more holistic view of the current Crypto-Traders Psychology.
What do you base your decisions on when you enter a trade in the crypto-sphere?
To trade is to take the risk and you can not really set aside the doubt and panic, but the thing is you must always think positive and make researches to make a precise decision about what to trade, when to buy, and when to sell. Trading is really a hard job and you must be careful in every decision that you make. That is why research is the key. Also loss is normal in trading. What do you base your decisions on when you enter a trade in the crypto-sphere?
I feel that fundamental analysis is important in crypto trading. Most of the coins react to the news. When I am doing short term trading, I usually choose coins that have good news of development coming up.
I also need this information because I'm also new in trading. Commonly, I only join the bounty campaign and collect rewards to be invested or trade in the altcoins.
But in trading the cryptocurrency, I'm still using a normal method where I must read and learn much about the altcoin and see the market every day. When the changes are red, I will buy them. And when they are green, I will look at the rising changes and decide to sell or not.
But in trading the cryptocurrency, I'm still using a normal method where I must read and learn much about the altcoin and see the market every day. When the changes are red, I will buy them. And when they are green, I will look at the rising changes and decide to sell or not.
This was a hard lesson to learn - how to buy in dips when all is red and how to sell in rally's when all is green!! This is the most difficult part of trading afterall.
I also need this information because I'm also new in trading. Commonly, I only join the bounty campaign and collect rewards to be invested or trade in the altcoins.
But in trading the cryptocurrency, I'm still using a normal method where I must read and learn much about the altcoin and see the market every day. When the changes are red, I will buy them. And when they are green, I will look at the rising changes and decide to sell or not.
But in trading the cryptocurrency, I'm still using a normal method where I must read and learn much about the altcoin and see the market every day. When the changes are red, I will buy them. And when they are green, I will look at the rising changes and decide to sell or not.
I'm generally disappointed in trading, because I'm not lucky to choose promising coins, I'm thinking about starting to take part in bounty campaigns.
The most profitable airdrop had one user earn like $3,400 (I am speculating it was during the 2017 peak) so there is potential among certain bounty and distribution campaigns but I guess it comes down to use of the token at the end of the day.
Also its important to never ever give up on anything you undertake in life. I started trading FX in 2012 and only became profitable in 2016 and I can tell you its satisfying once you finally reach the point of knowing!
What do you base your decisions on when you enter a trade in the crypto-sphere?
The risk definitely is the first deal. I make sure that I can take the risk if ever I lose in my trade but if not then that's an achievement and it boost my confidence as a trader. Before I listen to those news that are literally giving the market a bad sign to collapse or put into a correction but now I don't. I'm not that good in trading so getting those helpful advice from other traders which I think will be beneficial to my trading habit is being absorbed, we are all old and we know what are the good advice and not because other advice now are just shilling their coins.Absolutely, never ever enter a trade with funds you cannot afford to lose!!
The reason why I was asking is because BTC and ETH most notably does not seem to respond on technical levels they way FX or commodities do... and I am sensing some foul play - like miners pushing up prices and then dumping when they reach their targets.
Well manipulation is always prevalent in any market (yes even regulated markets like NYSE and NASDAQ is rife with manipulation). As an ex-Wall St Fund Manager - James Rickards called on the "painting the tape" method prevailing between miners. Think about this!!
Person A sells to Person B for $10,000
Person B sells to Person A for $10,100
Person A sells to Person B for $10,200
The P/L stays constant at 0 throughout and the price bumps up... obviously the market is much more complex than this
Great somebody has made this. I know time and again this has been asked so many times but to be honest the skills needed for good trading really depends on the person who is researching about the said token or tokens that he wishes to invest his money with. Also he must have good speculative skills in learning how the market behaves.
The best strategy in trading is to have a very experienced mentor, which will be able to tell where it is worth, but where not to invest your money ..
Hi guys, the topic of discussion is aimed at gathering input from other traders about how they make their choices in the Crypto Market, and hopefully hereby we can get a more holistic view of the current Crypto-Traders Psychology.
What do you base your decisions on when you enter a trade in the crypto-sphere?
To trade is to take the risk and you can not really set aside the doubt and panic, but the thing is you must always think positive and make researches to make a precise decision about what to trade, when to buy, and when to sell. Trading is really a hard job and you must be careful in every decision that you make. That is why research is the key. Also loss is normal in trading. What do you base your decisions on when you enter a trade in the crypto-sphere?
There are very many methods that do not help at all. Personally, I tried quite a bit and realized that it's necessary to rely on personal experience..
I'm generally disappointed in trading, because I'm not lucky to choose promising coins, I'm thinking about starting to take part in bounty campaigns.
I started trading relatively recently, so I have not yet mastered how to analyze the market, but I try to observe trends, and then I make a choice.
Usually I check about the potential, before I start the trading I check are there any events for the coin or any factors that can move the coin price and then I check are there a lot of investors interested in this coin, it can be from forum or group chat, of it fits my criteria then I will go to trade, when I trade I usually aim for long term, a piece of advice before you go to trade is to find as many as possible the updated news, information and news are very important when you want to trade
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