Topic: Usefulness to bounty-hunters about trading on the crypto exchange (Read 162 times)

Maybe, but you can not always keep, there are times when you need to sell or buy, and then you already need to have at least basic knowledge) Actually, I was guided by creating this statue

This knowledge is very professional, so I learned a lot.
But for an ordinary person, if you can't master so many skills, what you need to do is hold.

Thank you very much that this is at least someone you need. If anyone has any desire to write, I will be happy to further develop this topic

This is a very detailed explanation of the professional knowledge, which is very helpful for the newcomers in the forums. I just joined the reward program this week, and I was lucky to see the article you released.

You are absolutely right. Many bounty hunters provide their services in exchange for a reward, which often goes in the project currency. And accordingly a person needs to exchange this currency, well, or he liked the idea of the project too much and he wants to buy more, but he is not a trader and does not know anything about it, so here is such a short review of possible options. I think you will agree that for the thread for traders it will be a very weak article.
P.S. And few people with bounty hunters go there. I dare say that less than 10% of them have never been there. In the point of logic, you are absolutely right, just wanted to still draw the attention of the bounty hunters to this topic, that they would be more educated financially.And I'm very grateful to you, all the same feedback was very important to me

Aren't bounty hunters people who deliver services in exchange for tokens, such as translations and/or other marketing services? In my opinion your (very usefull) topic applies more to traders or holders, as opposed to bounty hunters.

I just very often saw how bounty hunters ask about investments, since all the same their capital is growing and they already want to invest somewhere and more correctly manage their capital. Accordingly, with this desire there was an idea to write such an article, well, in fact, I was also interested in the nuances of trade in my time)

The market is very young, so the laws of fundamental and technical analysis simply do not work. This must be taken into account first.

Well you almost got me but when is see some shitcoin like NEM i must disagree with that coin,it was a purely pump and dump coin and it isnt worth to invest in,scalping is indeed the best trading style because it scalpers like me could survive in any market situation that we have bear or bull,consilidation or not that is why it is the best to start learning scalping over these other trading styles.

I've sent him some merit. He deserved it indeed. Very useful topic, thank you. Although I do not quite see what bounty-hunters have to do with it?

I inspired your long article but I really wondered why nobody's hitting merit to this guy.
This is why we could say Merit is a failure because not everyone care to give a damn merit after flesh and blood of creating good posts like this one;

But anyway, back to your thread:
bounty hunters have a very special role for the cryptocurrency because they're the one who try to circulate the coins once when bumped into coin exchange.
here's the thing, the more coin holders the more chance that the coin will pump because the trading momentum circulation is higher than fewer holders.
That's why crypto developers are giving free tokens on airdrops so that there will be more holders and more investors in the system.

I met a lot of different posts on the forum, with questions about sales, how to correctly, when to buy, when to sell, and so on. I will try to briefly answer to all these questions in the comments corrects if something goes wrong and complement all changes and suggestions I would make. We will be financially formed
Of course, as soon as the price drops investors try to buy at an acceptable cost to them, and then, when the price soars up - again to sell. That's the whole trick. As you can see, trading with crypto-currencies is simple, you just need to understand it and go through the whole cycle from entering money to the exchange, before withdrawing the profit.
Buy & Hold
A classic long-term strategy, in which the position opens for a period of 2-3 months to several years. In this case, when analyzing the crypto currency, a fundamental role is assigned to fundamental factors. The potential for growth of long-distance crypto currency depends on demand among large investors and real users, so it is information on the team, technical capabilities and the road map of the project that allows to predict the course's behavior.

Thus it is impossible to ignore and technical factors: a sharp increase in cryptocurrency by hundreds of percent usually means that investors will soon begin to take profits, which is why the value of the coins inevitably goes down. The most striking example of such a situation - a sharp increase Sia cryptocurrency in the middle of 2017. The red color on the chart indicates bad entry points, green - good opportunities for purchase.


Buy & Hold - a subject of special admiration for beginning crypto-currency traders. The stories of Bitcoin-millionaires holding coins in their wallet for several years are one of the main reasons for the popularity of this strategy. Since the crypto-currency market is still very young, many traders believe that the effectiveness of Buy & Hold will remain extremely high in the next 3 to 5 years.

The main risk when working with this strategy is a sharp collapse or a long fall in the value of the asset. When investing funds for a long period, you need to be prepared for the fact that in case of an unsuccessful combination of circumstances, the value of the asset may fall several times.

Do not use crypto-exchange exchanges for long-term storage of funds. History knows several cases of loss of coins as a result of hacking and fraudulent actions of the owners of exchanges. The only reliable way of long-term storage of crypto currency is using "cold" wallets installed on the user's computer.

Goodies
• the most tranquil trading style
• does not require permanent storage of currency on the exchange
• brings high income on a long distance

Minuses
• high level of risk
• Lack of stable income
The Buy & Hold strategy is rarely used for a single asset. Much more often, traders make up a full-fledged investment portfolio.

Portfolio investment
Portfolio investment is a variation of the strategy Buy & Hold, which involves buying not one, but several crypto-currencies in a certain proportion. This approach minimizes the risk of a deep drawdown or a complete loss of funds. In most cases, the portfolio consists of at least 5 coins. The higher the capitalization and the reliability of the currency, the more should be its share in the portfolio.

The selection of assets is based on the same principles as for the Buy & Hold strategy. First of all, the fundamental factors are considered, after which a convenient entry point is selected according to the schedule. Let's give an example of drawing up a crypto-currency portfolio:

• Bitcoin (40%)
• Ethereum (30%)
• Ripple (15%)
• NEM (10%)
• ZCash (5%)

Portfolio writing is the most common answer to the question of how to earn on the exchange the crypto currency: the strategy combines high profitability and a relatively small level of risk over a long distance.

The main shortcoming of portfolio investment is the difficulty of storing and transferring the crypto currency. The user has to install many different wallets on his computer, and each of them can take up a large amount of storage space for the hard drive on the hard drive.
Goodies
• There is no need to conclude many deals
• It is safer than Buy & Hold for a single asset
Minuses
• high risk of prolonged subsidence
• Lack of stable income
• Several coins are required to store coins

Trading against the trend "to rebound" from an important level
A kind of short-term trade, in which the position opens when a psychologically important price point is reached. Often this approach is called "trading by levels", referring to the levels of support and price resistance, which are set in the area of the most noticeable price minima and highs in large timeframes.

A good example of trading "from the level" is the purchase of Lisk's crypto currency at one of the previous highs after a prolonged fall.

The main risk of this strategy is the non-zero probability of continuing the trend to fall. To limit losses, traders use a small part of the deposit to make a deal - an average of 1 to 3%.

Goodies
• stable income
• relative ease of analysis
• the ability to take profits on major market movements
Minuses
• Fundamental factors may be stronger than technical levels

Trade "to rollback"
One of the types of short-term trading, in which a trader opens a position against the trend in the hope of making a profit on the rollback of value to the previous values. This strategy can easily be explained on a concrete example by means of a graph.

When trading "to rollback" a trader uses a small percentage of his deposit to enter the transaction. As a rule, this figure ranges from 0.5 to 2%.

Goodies
• the possibility of frequent opening of transactions
• works on most timeframes
Minuses
• small profit at high risk

Scalping

A strategy in which each transaction lasts no more than a few minutes. When scalping, the trader first analyzes the transactions in a glass of prices, and in case of obvious excess of purchases over sales, opens a deal, hoping for a rapid increase in value.

In practice, this strategy is used by crypto-currency traders rather rarely. Mostly, scalping is done by trading robots that make decisions to open transactions based on programmed algorithms.

Important: "trading robots", sold in open access - a kind of fraud. The creator of an effective automated trading system will never sell it to third parties.

Goodies
• schematic trade
Minuses
• the need to conclude a large number of transactions within a day

Trade "on news"
One of the most complex and dangerous trading strategies. The trader can try to catch a wave of sharp growth of a rate against the background of the release of positive news about a particular asset or the entire crypto-currency market. Despite the apparent simplicity, the strategy has a number of serious risks.

News is not always unambiguously interpreted by the market. What a particular trader considers good and important news can go unnoticed or provoke a fall in the rate.
Most news "works" only a few minutes. The trader, who did not manage to enter the deal before the end of the wave of growth, runs the risk of losing funds on the rollback.
Since the risks when using this strategy are large enough, the volume of the transaction should not exceed 1% of the deposit.

Goodies
• quick result
• the ability to catch a large wave of growth amid important events
Minuses
• the need for continuous monitoring of news
• high risk of losing funds on a course rollback

Conclusion: what strategy to choose for trading
The choice of a specific trading strategy for the exchange of crypto currency depends on the goals and temperament of the trader. Long-term strategies, such as portfolio investment, are well suited for slow accumulation of capital. At the same time, short-term trade allows you to receive a stable income every month, which is especially important for those who plan to make trading the main tool for earning.