G'day
How is everyone going in the Crypto space? would love to know what have you been up to and where are you at... shoot me a comment, and we can work thru something for you...
Trading cryptocurrency
I am quite new to this space (almost2 months), I know it's profitable.
If your aim is to grow the amount of bitcoin in your portfolio, I find that it would not be easy.
Why?
Because at the rate bitcoin is going up compared to the alto coins it would be hard to do so. Unless the bitcoin rate doesn't have too much difference from the time you sold and intend to buy..
I am quite new to this space (almost2 months), I know it's profitable.
If your aim is to grow the amount of bitcoin in your portfolio, I find that it would not be easy.
Why?
Because at the rate bitcoin is going up compared to the alto coins it would be hard to do so. Unless the bitcoin rate doesn't have too much difference from the time you sold and intend to buy..
whats the aim? Make money..? growing your portfolio (not putting your eggs in one basket) I am sure you would know by now that there is more then just 2 coins in the crypto world (that is if you have checked out coinmarketcap.com from the previous post)
Where can I exercise this strategy?
Basic users
Coin spot, (Australia)
https://www.coinspot.com.au?affiliate=87VYN
Bittrex, bittrex.com (international)
I am sure there are more sites out there that you can choose from. If you have more sites we can check out please add it to the comment section.
Please don't be intimidated when I categorise (Basic/Mid-advance users) it just have more buttons to press and more choice of coins to choose from, you may get lost/discouraged/confused in all of it...
If you have share trading experience this would be an easy switch (keep in mind market behaves differently from shares)
Please don't be intimidated when I categorise (Basic/Mid-advance users) it just have more buttons to press and more choice of coins to choose from, you may get lost/discouraged/confused in all of it...
If you have share trading experience this would be an easy switch (keep in mind market behaves differently from shares)
How to understand and read the market, this is a big subject,
I was recommended this site to learn from..
https://www.youtube.com/c…/UCCatR7nWbYrkVXdxXb4cGXw/featured
He does a 14 tips on how to read the market, how to use the tools on the graphs, candle charts (whats that?) that actually gives more info of the market timeline.
I was recommended this site to learn from..
https://www.youtube.com/c…/UCCatR7nWbYrkVXdxXb4cGXw/featured
He does a 14 tips on how to read the market, how to use the tools on the graphs, candle charts (whats that?) that actually gives more info of the market timeline.
Graphs and charts are good to look at but there are so many coins which do I pick??????? Where do I start??
well you can also start by reading up on news on the coins, what they are doing, who's supporting their coin (Microsoft, Fujitsu, Alibaba, IBM just to name a few.). Apps are a good place to follow news on this coins.... Twitter, Telegram, some of them have facebook pages too... or you can ask friends what are they looking in to or are HODL.
with this you can also exercise the X2 sell half, X5 sell half or quarter and hold the rest to see how far it will go.... or you can just buy and sell setting orders..
What I like to do is HODL, but there comes a time to move on to other coins, when I see a good increase percentage wise I aim to pull out the original seed and place it in to another coin (growing your portfolio) that I have looked, read, understand, talk to the team (yes build a team, like minded people to talk about this), make the educated decision.
Hope this has been another informative post,
Remember Do your homework, read, follow news, make your decision and please remember to sleep too..
Remember Do your homework, read, follow news, make your decision and please remember to sleep too..
"It is not how hard you work which would guarantee your future, but what you do with your hard earned money after work hours would, "
Have a great weekend!!!
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