Trading Cryptocurrencies - page 2. | Bitcointalksearch.org

hotcoin1234

newbie

Activity: 224

Merit: 0

Quote from: Lifestudent38 on May 03, 2018, 03:46:24 AM

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?

Even though doing your own research before investing in any crypto is the "most correct way" and is the safest. However normally when i buy into any crypto my criteria in choosing is
1. Good design, the website functioning smoothly and there is no typo error
2. I do have some crypto groups and following some youtubers for cryptos, so i will buy based on their reviews.
3. Based on your own feeling of whether is this project really needed in the market does it have the potential to moon.

geyayy

full member

Activity: 588

Merit: 100

Before you conduct trading, you should know well your coin or asset. You can check your coin status on their respective groups or sites. If you think you know what you are trading then explore many trading site as possible because each site has different value for your coin. Find and join the site with the highest value then trade there. If you are risky enough, you can hold your coin until you think you have earned more than what is the initial value of your coin.

Lifestudent38

jr. member

Activity: 127

Merit: 1

Quote from: berytry on May 06, 2018, 08:43:02 PM

In my opinion, trading is a high risk category, because if you are not careful, you can lose your money in an instant. I once felt it when the price dropped, I experienced panic sell

Trading Cryptos or regular commodities is very emotional. This game is 90% mental and 10% skill...

Lifestudent38

jr. member

Activity: 127

Merit: 1

Quote from: gowobonyok on May 04, 2018, 08:17:28 PM

Crypto trading can be very profitable but the risk is also great. different from other assets, bitcoin the price can change in a very short time.

Who needs to trade on margin when Crypto- prices are so volatile!!?

uchiikina14

member

Activity: 308

Merit: 10

In trading cryptocurrencies it is too risk you have to study first before you do it. Everything you need to know before you start doing trafing is Bitcoin, Ethereum and Litecoin. If you want to trade you need to have a cryptocurrency wallet and a cryptocurrency exchange to trade on. A cryptocurrency wallet is where you will store your encrypted password that represent your coins. A cryptocurrency exchange is like a stock exchange.

What you should know when you start trading crypto currency:
◽️A cryptocurrency exchange is not part of the regular stock exchange
◽️A beginner might prefer to trade cryptocurrency stocks. I think the simplest place to buy, sell, and store coins is Coinbase, but you can only buy, sell, and store Bitcoin, Ethereum, Litecoin, and Bitcoin Cash on Coinbase. If you are serious about trading cryptocurrency, you’ll need another exchange like Coinbase’s GDAX, Bittrex, Binance, or Kraken.
◽️The cryptocurrency market is insanely volatile in 2018.

What You Need to Know to start trading cryptocurrency:
◽️A beginner should start by choosing a company with a good reputation that offers an exchange and wallet (to help keep the process simple).
◽️A beginner should also start by trading prominent coins.

berytry

member

Activity: 280

Merit: 18

@berytry

In my opinion, trading is a high risk category, because if you are not careful, you can lose your money in an instant. I once felt it when the price dropped, I experienced panic sell

wayancrypto

member

Activity: 462

Merit: 11

I have been 2 years in crypto trading and all my decisison buy and sell is base on technical analysis. And to make more easy to in trading i just focus to trade in pair USDT, this pair is more easy for me because i just make analysis 1 price action of coin, and when any bad news and all crypto down i can quit from the market faster and move all asset to USDT. Technical analysis is really helpfull to get better price when buy and sell and to know which support and resistance area.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: Lifestudent38 on May 04, 2018, 03:41:22 AM

Quote from: batang_bitcoin on May 03, 2018, 06:59:07 PM

Quote from: Lifestudent38 on May 03, 2018, 03:46:24 AM

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.

Of course how the majority of newcomers are entering the crypto market with all of their amounts that they can't afford to lose and a lot of people are being so mad after they are getting a bit lost in their amount. I don't think so, miners are not involving in the market manipulation. I guess they are only trying to get their revenue from mining the coin.

anti-scam

sr. member

Activity: 476

Merit: 251

COINECT

Quote from: allezbitcoin on May 04, 2018, 12:04:53 PM

Quote from: anti-scam on May 04, 2018, 11:54:21 AM

Quote from: Semight12 on May 04, 2018, 10:54:28 AM

One of the best factors to be considered while trading is the news update about the commodity you are trading. You can buy base on upcoming event of the coin you are buying and sell while price goes up. News affect price of every coin both positively and negatively

this is what I worry about, a lot of people make a bad issue to press the price. This issue always succeeds in making BTC prices plunge, and traders feel panicked so the market experiences a bad trend.
Traders need quick and precise information to be able to anticipate this.

We are in the world of cryptocurrency so things like that is something reasonable, especially now that many people are happy to make bad news about bitcoin. the news is not good for bitcoin and make bitcoin prices go down, of course their goal is only one that is for earn big profits.

They do it in an organized and well-planned way, look at just a few months ago Bitcoin is constantly under pressure and bad issues come and go.
and now they are enjoying their work, because they managed to buy Bitcoin for a cheap price.
A lesson that panic will make them more happy.

gowobonyok

jr. member

Activity: 490

Merit: 2

Crypto trading can be very profitable but the risk is also great. different from other assets, bitcoin the price can change in a very short time.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

If you want ask about trading or to be a trader you can learn more in this section https://bitcointalk.org/index.php?board=8.0 there a lot information about trading.

Being a trader you should be able to manage your mental or lust. Analyze is restriction to knowledge when you buy and sell, but the deciding is your mental and lust. Technical analysis and fundamental analysis is the knowledge you should learn before starting trading, starting trading is very easy to do but to get your profit does not determine within a month.

shirackjs

sr. member

Activity: 812

Merit: 256

Quote from: IgorShumilo on May 04, 2018, 12:30:41 PM

I make several decisions:
1. Do not invest more than 20 percent of my salary.
2. Do not invest all funds in one coin / token.
3. Do not participate in pumps.
4. Before buying a coin / token, study more information about it.
5. Look at the situation on the market, buy when the time bears and sell when the bulls are.
6. Follow the news on a specific coin / token.

I agreed with all the points and it is similar to my investment principles. By following the points, i made quite a number of good trades. The principles also help me not to get into fomo and pumps.

dollarneed

hero member

Activity: 742

Merit: 500

Quote from: IgorShumilo on May 04, 2018, 12:30:41 PM

I make several decisions:
1. Do not invest more than 20 percent of my salary.
2. Do not invest all funds in one coin / token.
3. Do not participate in pumps.
4. Before buying a coin / token, study more information about it.
5. Look at the situation on the market, buy when the time bears and sell when the bulls are.
6. Follow the news on a specific coin / token.

Completely agree with you.
The point is don't invest more than you can't afford to lose. In addition, just invest with your extra money and don't forget to make a research about the coin that you want to invest in, there are so many shitcoins out there so we have to be selective in selecting whether the coin has good future or not.

IgorShumilo

full member

Activity: 518

Merit: 105

I make several decisions:
1. Do not invest more than 20 percent of my salary.
2. Do not invest all funds in one coin / token.
3. Do not participate in pumps.
4. Before buying a coin / token, study more information about it.
5. Look at the situation on the market, buy when the time bears and sell when the bulls are.
6. Follow the news on a specific coin / token.

bozo333

sr. member

Activity: 742

Merit: 255

CryptoTalk.Org - Get Paid for every Post!

Trading is the best way to earn more money in quick period but this platform is little risk so we should analyse the right coin in right time then only it will make huge profit in this platform. But lot of traders are failed in the first trading so we must trust our trading it will more supporting to future investment.

Svelto

sr. member

Activity: 686

Merit: 257

I will look a few factors before buying a coin. For long term hold, the product must be disruptive to the market. I will then look at the roadmap and development of the project. If the above factors are good, I will proceed to buy the coin.

allezbitcoin

full member

Activity: 392

Merit: 100

Quote from: anti-scam on May 04, 2018, 11:54:21 AM

Quote from: Semight12 on May 04, 2018, 10:54:28 AM

One of the best factors to be considered while trading is the news update about the commodity you are trading. You can buy base on upcoming event of the coin you are buying and sell while price goes up. News affect price of every coin both positively and negatively

this is what I worry about, a lot of people make a bad issue to press the price. This issue always succeeds in making BTC prices plunge, and traders feel panicked so the market experiences a bad trend.
Traders need quick and precise information to be able to anticipate this.

We are in the world of cryptocurrency so things like that is something reasonable, especially now that many people are happy to make bad news about bitcoin. the news is not good for bitcoin and make bitcoin prices go down, of course their goal is only one that is for earn big profits.

anti-scam

sr. member

Activity: 476

Merit: 251

COINECT

Quote from: Semight12 on May 04, 2018, 10:54:28 AM

One of the best factors to be considered while trading is the news update about the commodity you are trading. You can buy base on upcoming event of the coin you are buying and sell while price goes up. News affect price of every coin both positively and negatively

this is what I worry about, a lot of people make a bad issue to press the price. This issue always succeeds in making BTC prices plunge, and traders feel panicked so the market experiences a bad trend.
Traders need quick and precise information to be able to anticipate this.

Leftneck

member

Activity: 476

Merit: 10

A Blockchain Mobile Operator With Token Rewards

which must be considered is the ico background, such as the development team whether it can work well or not.
lalilu see ico review from other web.

Semight12

newbie

Activity: 17

Merit: 0

One of the best factors to be considered while trading is the news update about the commodity you are trading. You can buy base on upcoming event of the coin you are buying and sell while price goes up. News affect price of every coin both positively and negatively

Topic: Trading Cryptocurrencies - page 2. (Read 439 times)