I have learned in cryptocurrency to focus on events and news about bitcoin or cryptocurrency in general and this has been actually helpful. My question is what have you learned in bitcoin and Altcoins trading that you did not know exist in illiquid market?
Events and news is one thing,if you looking for the long term market,never take any nasty decisions and sell off your coins because then you wont be able to get back to the coins you sold unless you are following the market round the clock which is impossible or make a entry point hoping you could get in before the recovery. 
Topic: What have you learned in cryptocurrency trading. - page 2. (Read 404 times)
I have learnt that patience is a huge criteria in trading.Being patient is the mos important if you have done your research.As Buffet says ''The Stock Market is a device for transferring money from the impatient to the patient….''.You can see the importance of patience
The fact is that apart from patience, nothing more has to be done. If you look at the current state of things, you can be sure that the price of Bitcoin is very much delayed at $ 11,000. Many users invest in Bitcoin for $ 15,000, exactly when Bitcoin showed its maximum value when it grows from $ 20,000. If this continues, then there will be no patience. 
My advice is to keep an eye on the Google trend graph for "bitcoin", "Ethereum", "Litecoin" etc.
Google trends tracks how many people are searching for those keywords, and when the graph spikes, there is usually a surge in price as well as these noobs invest. When google trends turns down, trading volume and price usually drop as well.
Google trends also shows which countries are doing the searching. Not all countries have cryptocurrency exchanges, so surges in the USA, Europe, Korea have more effect than surges in south america or africa.
Google trends tracks how many people are searching for those keywords, and when the graph spikes, there is usually a surge in price as well as these noobs invest. When google trends turns down, trading volume and price usually drop as well.
Google trends also shows which countries are doing the searching. Not all countries have cryptocurrency exchanges, so surges in the USA, Europe, Korea have more effect than surges in south america or africa.
I have learnt that patience is a huge criteria in trading.Being patient is the mos important if you have done your research.As Buffet says ''The Stock Market is a device for transferring money from the impatient to the patient….''.You can see the importance of patience
Never trust anyone who is involved in trading because most of the media channels will entice you to buy this coin and buy that coin and this can cause you to lose a lot of good profits. I've been involved in this and lost a lot of money but that's my most valuable lesson
Your emotions are your biggest enemy in trading, be it cryptocurrency or traditional stocks. Usually, fear and anxiety kicks in whenever your position feels to be unsafe especially in unexpected crashes just like what happened in Dec 22, 2017. If you let your emotions get the better of you, most of the time it will result into actions and decisions that are made hastily and not thought out carefully. Also, gauging out the general sentiment of the market before taking a position is also vital in performing successful trades as you know what to expect in trading against other traders.
Being patient and waiting for the right buy-in price and for the right cash-out price is one of the major lessons that I've learned. I was never a very patient person and lost a lot of money because I jumped in too early into an investment, or couldn't wait any longer and sold it at a loss.
The feeling is mutual to you dude in trading industry you need a lot of patient why? Because the market is full of big whales the price can be change any time you need also to be calm in any problem that you encounter in trading and last do research always trust your self dont join in any pump and dump group because you never win by joining that group.
Being patient and waiting for the right buy-in price and for the right cash-out price is one of the major lessons that I've learned. I was never a very patient person and lost a lot of money because I jumped in too early into an investment, or couldn't wait any longer and sold it at a loss.
I have been trading not so long ago, but I have already mastered several basic rules. Patience is the main thing. As long as you are patient, you are successfull. You can trust only yourself. If you want to do well, do it yourself. Do not hurry. Everything comes in time to the one who can wait.
Focusing on events ir more appliable to hodling then to day trading. I don't see much sence in the other types of trading in crypto rather than those two. In day trading you can easily apply all indicator to the chart and it will work fine unless nothing serious happened. The day trading is not that different from fores. It seems like speculations are the same everywhere.You can pick more volatile pair and set a higher leverage in forex to get the same amount of profit as in crypto day trading. Another thing is hodling, whis is what crypto famous for.
Many of us tried to used trendline, moving average cross to identify the position of the price and used them also to identify trend and some time it assist us to place a good trade. However, I have learned in cryptocurrency to focus on events and news about bitcoin or cryptocurrency in general and this has been actually helpful.
exactly!
in time I have learned that all of these things are good, and you gain a lot of good information by looking at trend lines, etc and even doing some technical analysis. but at the same time it is not the most reliable thing to have when it comes to trading, specially trading altcoins.
the "news" is the biggest thing that can change the course of a cryptocurrency. not to mention how many pump and dumps take place in the altcoin market which is practically impossible to find and predict.
on one hand we have a lot of tools such as TA which are not 100% reliable. on the other hand we have a market that is manipulated which makes everything that much harder. and that is the most important thing I have learned.
There is a saying among the forex traders that "the trend is your friend" and if you really want to make it in forex you have to learn how to follow the trend. Many of us tried to used trendline, moving average cross to identify the position of the price and used them also to identify trend and some time it assist us to place a good trade. However, I have learned in cryptocurrency to focus on events and news about bitcoin or cryptocurrency in general and this has been actually helpful. My question is what have you learned in bitcoin and Altcoins trading that you did not know exist in illiquid market?
I learn to accept the result and try to fix the strategy to get more profit. Look's not interesting what I learn but for me that's the value of trading. When we can accept the result, it will be easy to keep disciplines with our strategy. Meaning we will never panic to buy/ sell/ hold even the price go on the wrong place. Fix strategy is never make the same mistakes. From there, you'll understand always loss, mostly because make the same mistakes. Just like that and thank you very much.
I been almost 3 months in this crypto world and have a lot to learn more. So now I have some techniques to gain profit. Being a trader the one thing to be bear in mind was buy a coin at a dip and sell it at a pump. You need also to control your emotion and put the knowledge as the leader
When a coin and you analize this has a bright future, dont be greedy for money think the profit you can earn if you hold it a more little time. And when a coin is not to great for you sell it when the time it pumps.-hope it help you
When a coin and you analize this has a bright future, dont be greedy for money think the profit you can earn if you hold it a more little time. And when a coin is not to great for you sell it when the time it pumps.-hope it help you
I'd say Forex and Stock Exchange is completely different from cryptocurrency trading. In stocks the movements can be predictable unlike in cryptocurrency where nothing is certain.
Because the price is much easier to move in crypto, i learned to set really low buy orders, and really high sell orders. There are many times when there are sudden pumps and sudden dumps, and if you set the orders on them well, they can be very profitable.
Also, I agree with paying attention to altcoin events. They tend to prove the price quite a bit, followed by a dump after the event / a few days before the event.
Basically, crypto prices move much faster than any markets, so trade accordingly for profits
Also, I agree with paying attention to altcoin events. They tend to prove the price quite a bit, followed by a dump after the event / a few days before the event.
Basically, crypto prices move much faster than any markets, so trade accordingly for profits
I am in crypto market since 2014 and even still feel i am just like a newbie with trading, experiencing with cryptocurrency trading i learned a lot, yet to understand much more to become a good trader. I have faced ups amd downs during the period while some moments were severe to decide how to manage the situation, i hope this forum helps me to understand whole strategy of trade
I did long term trading so to decide to buy any coin i use fundamental analysis. And to more understanding the fundamental of the project i learn it in their white paper and also looking for other review in some youtube channel related crypto and some forum. For tecnical analysis in crypto i see little bit different with forex trading because the volume also different and cryptocurrency market more fluktuasion.
Long term trading is a good way of making money, instead of doing short trading. Due to it is more safer than short, but you could have a lot of profit in doing short term though it can't be deny that is it too risky, it is just need to monitor it from time to time for you to avail the chance to earn big in it. 
Due to the fact that the crypto markets are not as liquid as other traditional financial markets, there is a bigger element of manipulation going on by the whales and other big fish trading cryptos. I often times see one coin being controlled in price by just one or two big whales and they do as they like to make the price benefit them and take many smaller fish down by their tactics. I have also seen more FUD AND FOMO buys and sells arriving in the crypto trading space, even worse and bigger than in traditional markets.
Even after so much time spent I can't say that I learned to trade. Its not something that you can learn just like that, to many unknowns in trading, we deal with many informations and analyzing them in seconds and making decision is not exact since. Sounds like I learned that with trading anything can happen.Crypto is crypto, there are many people here without any knowledge and ota easy to manipulate with them, that is why markets are so vulnerable to manipulations of any kind. Be ready for impossible is my advice for people who enter in crypto trading.
Due to the fact that the crypto markets are not as liquid as other traditional financial markets, there is a bigger element of manipulation going on by the whales and other big fish trading cryptos. I often times see one coin being controlled in price by just one or two big whales and they do as they like to make the price benefit them and take many smaller fish down by their tactics. I have also seen more FUD AND FOMO buys and sells arriving in the crypto trading space, even worse and bigger than in traditional markets.
I learned that crypto currency trading is not just easy as what other said. The most traditional method for trading is buying at low and selling at high value is kinda hard to know. Most of the time need a patience and luck in every trade
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