Topic: Where and how to trade in the crypto currency market (Read 292 times)
sometimes it is good to pick out some specific coins and trade with them. as you said, the best way is to learn and avoid following others. trading can be difficult for some people. the reason why some choose to follow pump and dump groups.
It is not a good suggestion to follow and rely on the others because without learning it is impossible for the people to understand where to trade and where to invest, there are different exchanges and has different volumes. So you need to research a lot of coins which has huge potential in the market and has active developments will have the chance to increase their prices.
I agree totally with what you said, but there should still be a room for listening to people’s suggestion and opinion because we have so many experienced people in that particular field were we lack knowledge of, what I don’t support is working on that opinion without making further research on them. If we are to take every projects we have in the market which you quite admit that they are lots of them, it will be impossible to get the right one on time, and the first 100 you might pick may be a wrong coin, but with people’s suggestion, you can get clue to the ones that are worthy of dedicating time to for research, otherwise, you will end up wasting a while year researching without making any investment. SO better we still listen to what people say but act on them with wisdom.
It is not a good suggestion to follow and rely on the others because without learning it is impossible for the people to understand where to trade and where to invest, there are different exchanges and has different volumes. So you need to research a lot of coins which has huge potential in the market and has active developments will have the chance to increase their prices.
I am trading both BitMEX and BitSeven. And as a seasoned FX trader (although my rank here in bitcointalk is still a Newbie due to not posting and interacting since I registered way back 2013) I can tell that BitSeven is a bit of a user friendly and less intimidating than BitMEX.
Leverage is controlled by you the trader and if you don't know what you're doing, you could end up losing your money fast because the higher the Leverage you use (100x), the Cut Loss price is very close to the market price so a quick swing in a highly volatile period could get you liquidated (in BitMEX terms) quickly.
So the idea if you're a newbie in Leverage trading is to start trading with small amount. Ideally, use the bare minimum (0.001 BTC is the minimum amount) and use a small leverage say 2x or maybe up until 5x until you get used to it so that your Cutloss price is way farther than the market price. And if you're analysis is correct, you will have a much better chance of making a profit or getting positive Settlement Amount (in BitSeven terminology)
Leverage is controlled by you the trader and if you don't know what you're doing, you could end up losing your money fast because the higher the Leverage you use (100x), the Cut Loss price is very close to the market price so a quick swing in a highly volatile period could get you liquidated (in BitMEX terms) quickly.
So the idea if you're a newbie in Leverage trading is to start trading with small amount. Ideally, use the bare minimum (0.001 BTC is the minimum amount) and use a small leverage say 2x or maybe up until 5x until you get used to it so that your Cutloss price is way farther than the market price. And if you're analysis is correct, you will have a much better chance of making a profit or getting positive Settlement Amount (in BitSeven terminology)
the information you provide sounds interesting, but whatever you say I've never tried a new exchanger that hasn't proven its reliability. maybe in the near future I will join and trade several altcoins there.
Looks like the writer of the post is new in the crypto arena and that is why he is asking about when and where to do this or that. I will suggest this way: Brother, it is your first duty to research the Hows and Whats of the crypto and you should do that without anyone’s help. Do search videos on YouTube and explore things on Google.There is a number of digital exchanges that offers a lot of services read about them. Read how do you tackle the down market etc and only then you should think of trading.
1200000 trading types are there in cryptocurrency field because we have different mind set do the things differently that's why the trading will be different to pick up by the each and every people that who want to make their journey unique and I think this is the thing that we have to take it seriously and make the first step probably the best that is important in trading.
For many years Bitmex was almost a monopoly on short and long 100x operations. In recent months, several new companies are emerging that offer this opportunity. The big problem is that it's hard to believe they have the liquidity needed for such operations.
That's right, with Bitmex operational business, the competition will be tough, as bringing the same offers needs to prove that you are capable in doing it, without any concrete proofs it hard to convince people to change up and use your platform, there's maybe some who can try and use the service but majorities will stay with Bitmex,. 
Reading with proper experience always important because if we put a investment and don't know how to trade properly then measurement that you made is totally waste and the work time you are giving is also worthless so I need to clarify what is going on and make your strategy for the current situation in trade will be successful.
Well, probably the first step he going to do is to have full knowledge and skills in trading before stepping in on the market field. I don't know yet what exchange site OP stated because I never heard that before. Maybe that is required KYC/AML too which I personally avoided as of now. Many of them say here they must like to use Binance no KYC required if you are in the miminum level of fund circulation which 2 btc well, I agree on them.
Reading with proper experience always important because if we put a investment and don't know how to trade properly then measurement that you made is totally waste and the work time you are giving is also worthless so I need to clarify what is going on and make your strategy for the current situation in trade will be successful.
For leveraged trading, I still prefer Bitmex, and I don't have any problem to trade in that site. And if you want to promote the other site, then we need to see good proof from the site so we can test the site to know more.
But for the truth, I never heard that website because I only use Bitmex and I don't search the other site to do leveraged trading.
How about the KYC? Did we need to fill KYC to withdraw the money?
But for the truth, I never heard that website because I only use Bitmex and I don't search the other site to do leveraged trading.
How about the KYC? Did we need to fill KYC to withdraw the money?
Some trading sites needed KYC but if you prefer trading eth contract crypto, you'll need only to trade it directly to etherdelta or even forkdelta. The trading can be done directly as long as you have enough gas fee to cover the transactions. Thinking about leverage trading, it's always better but we need to learn trading by basic ways so start it in an easy ways. Engaging with other trading sites nowadays really need a strict requirements upon registration, so it's not yet good enough to deal with some circumstances while you're still on the process of learning.
the information you provide sounds interesting, but whatever you say I've never tried a new exchanger that hasn't proven its reliability. maybe in the near future I will join and trade several altcoins there.
For leveraged trading, I still prefer Bitmex, and I don't have any problem to trade in that site. And if you want to promote the other site, then we need to see good proof from the site so we can test the site to know more.
But for the truth, I never heard that website because I only use Bitmex and I don't search the other site to do leveraged trading.
How about the KYC? Did we need to fill KYC to withdraw the money?
But for the truth, I never heard that website because I only use Bitmex and I don't search the other site to do leveraged trading.
How about the KYC? Did we need to fill KYC to withdraw the money?
I never heard bitseven exchange site platform, but OP was totally well said of having a point of view on that exchange. Even how kind of words you have tried to saying here but I won't trust exchange that no so popular from traders, maybe they have low value and far behind of chances in getting profit. Well, unless if I heard some positive comment about them.
Okay your article is a good one but the exchange you're promoting is something we are all not sure about. I do like what you said about coins that newbies should start with, no one should start by trading lower coins just because they are cheap, whoever does that is just taking a bigger risk with their money.
There are over two thousand coins on coinmarketcap list and you don't expect me to go and buy the lowest because it is cheap or whatsoever, I can't do such a thing. That's a big, it is best to start with the top ten coins.
There are over two thousand coins on coinmarketcap list and you don't expect me to go and buy the lowest because it is cheap or whatsoever, I can't do such a thing. That's a big, it is best to start with the top ten coins.
For many years Bitmex was almost a monopoly on short and long 100x operations. In recent months, several new companies are emerging that offer this opportunity. The big problem is that it's hard to believe they have the liquidity needed for such operations.
I'm sure you are on advert here and this is your purpose, to market bitSeven site for traders. Perhaps someone directed you to open an account here or you are an altcoin account. Well, if it is a good trading site, I wish you the best.
Firstly, the post itself is not well-formatted which would detract readers such as myself. Secondly, I am fine with Bitmex which is why I have no interest in BitSeven since the advantages that they stated in their comparison table did not impress me basically.
It's great with what you do like making articles and how to promote Bitseven, it's very new here, but I would be more interested in giving more evidence or whatever you have now to convince more people here, but I individuals will see a more definite exchange like Binance because they trust me with what they give to everyone.
This exchange (bitseven) is probably that was created to compete with Bitmex because bitseven offers 100x leverage trading like Bitmex.
But it seems that it is not attractive at all, they have no good advertisement, promotion, and management. It shown on how the rep is not really active in this forum, no one will be interested with a new service with no active support.
It's great with what you do like making articles and how to promote Bitseven, it's very new here, but I would be more interested in giving more evidence or whatever you have now to convince more people here, but I individuals will see a more definite exchange like Binance because they trust me with what they give to everyone.
So basically you are promoting BitSeven? A new trading site that offers up to 100x leverage. No offenses, but my first impression when I read something related to 100x leverage is not so good because of the existence of other similar site which has very bad reputation in this forum.
Newbies should be careful when ordering for a leverage of 100 plus because it might be dangerous and risky. You get the effect when you start burning your capital and you see all the walls breaking down your face.
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