Basic of Cryptocurrency Trading

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Hello friends.

I was just going through surffing and i found cryptocurrency trading which is interesting. There are so many crypto coins available but i dont know which is best one. I want to know more about coins and trading.
Please do help.
#off topic forum #basic #cryptocurrency #trading
  • The first one is a King BTC for sure.
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  • What kind of crypto are you looking for? There are lots of Crypto launching everyday and people are investing their money in order to get return feedback.
  • OP left right after posting this thread - and has not returned since. Maybe found a crypto forum?
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    • Maybe they bought some crypto and had to sell their computer to get money for food.
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  • I would suggest that you take some time and learn what crypto currencies are.. you can find classes on Udemy usually for free if you google for a free coupon. Just racing out and purchasing cryptos makes no sense. They have different uses.

    Bitcoin is focused on being a transactional coin - that is you can buy stuff. In theory since there are a limited number of coins (21m) and it takes an effort to mine these coins (answering mathematical problems), then they have a perceived value. If you could create an endless number of Bitcoins, then they wouldn't have any perceived value. Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. While the Bitcoin blockchain is used to track ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running the programming code of any decentralized application.

    There are many other coins or tokens. Many were derived from Initial Coin Offerings (ICOs) in which a company is creating a blockchain based business solution and the token provides certain value within the business process. That is, it doesn't link to ownership in the business, but rather might provide the value of a shipment or a contract. Personally I am not overly excited with ICOs since I would rather have a stake in the business and not an activity token.

    Simply said, this is a fairly complex space to invest in outside of Bitcoin which in theory could be defined as digital gold. That is, limited supply, a cost to 'mine', no counter party risk, easily split into smaller valued pieces and cannot be (easily) destroyed (gold can lie at the bottom of the ocean for 100s of years and then pop up good as new).

    Go and learn about what you are investing in before you just jump in! That is good advice for all investments whether cryptos, real estate, stocks etc...
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  • Ok, l thought that you said suffering, my mistake carry on.

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    • That comes later!
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  • Lucy,

    Choose two trading platforms. I use TradeOgre and Cryptopia.
    Check back from time to time. Without messing up anything you're doing right now.
    -- Significant price changes are from 09:00 to 17:00 GMT+8 (Asia) and GMT-4 (North America & EU).
    ...

    Create a spreadsheet. Take note of coins with largest trading volume and crazy market price changes.
    -- Also take note of price differences between your two platforms.
    ...

    Do this for two weeks or so.
    -- You'll know what to do next. Otherwise, it's likely that crypto trading isn't for you.
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    • As noted above, the person who started this thread hasn't been back since she posted the question.

      Also note that EU is not -4 GMT. It ranges from +2 to actual GMT.

      I'm thinking that no-one should take any advice at all from someone who thinks Europe is in the same time zone as North America.
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    • Tagiscom,
      Would you be kind enough to put some alt text? I assume you posted an image and nothing else?
      I can't even download your image for my AI to describe it to me (it doesn't appear as a graphical element that my screenreader recognizes, so I can't do any action).
      I'm completely blind. In most cases, I'd call you out as rude. Especially since it's 00:37 here. And everybody around me here is sleeping. So nobody's up to assist me.
      But I guess I'd just call this misinformed communication for now.
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  • My problem with CRYPTOCURRENCY is its willingness -- as espoused by its adherents' entreprenoorially proto-orgasmic promo showtime -- to masquerade as a breakthru option for shit we already got.

    Exchange is forevah exchange.

    How complicated you wanna make this?

    tbh I been asked to write for crypto guys plenty times but I always gotta figure a whole buncha domestic stuffs first.

    1) Stickin' a spanner inya ass steada figurin' spanner stuff is no way to get pumped.

    2) Plz can you be brief with your brief bcs tbh I can't rocket yr shit out there less'n you certain yrself what this actschwlly IS.

    3) I ain't intrested in whatchyoo STOLE, nor whereya wanna hide the f*cker.

    Am I wrong in thinkin' most people jus' wanna hand over agreed amountsa dollars for agreed amountsa stuff?

    Any levelin' up on that essential deal gotta be an eager & incisive eye for WHAT prolly worth WHAT.

    Soon as anywan persuades Moi how this CRYPTOCURRENCY deal gonna figure for noo moms with kids, seniors treadin' familiar haunts for their favo stuffs, an' centennials demandin' practically evident bang for buck in a world they priced the f*ck outta ... plz call an' I will happily write out yr shit.

    My only conditions are:

    1) I get paid 100x the gowin' rate for potentially breakthru stuffs, seein' how you claimin' to revolootionize the planet & shit ...

    2) Payment is cash plz. Or mebbe hair products ... or on-demand guys whose valley-like sternums I can slither my tongue along for 5 mins whenevah I feelin' stressed.

    Plus also ... can we mebbe sumtime figure a secure purse?

    I ain't nevah carried a wallet evah -- an' if my financial security gotta depend on protectin' my essential means of storage & exchange from harm it don't currently figure, can I mebbe be sure that when I open up my modest vestibule an' figure the small change clanksyin' around therein, my fortune-as-currency got sum kinda value in a system seems more geared up for Dark Web Swankisti thrivin' on a covertly Big Bucks Only ticket?




    As the revolutionary fireworks fizzle on time's unfolding panorama, now may be the perfect time to fire up your crypto shoutout for max effect.

    Startup is easy. Results are guaranteed.

    All you gotta do is convince your crypto initiative is worth her time.

    Over, say ... luxury clothin' for stoopid pets or miscellaneous spazzcraft tba.




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  • I recommend you not to trade, if you not a professional trader, just HODL
  • Useful thread! Thanks for comments!
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  • join some conversational groups on telegram or discord. not too hard to find. very helpful
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  • Cryptocurrency and Blockchain is still at its infancy stage and that means it has still a lot of room for opportunity and improvement. It takes a lot of research and knowledge to determine what cryptos are best to invest into. However, you can always start with bitcoin.

    Bitcoin and other cryptocurrencies are very volatile in nature and so there is a risk in trading them. However, there is a huge opportunity in trading them just like how bitcoin went up from $1k in January 2017 to almost $20k near the end of the same year. So, they are still worth taking the risk. Just make sure you only invest what you can afford to lose.

    Experience in trading is very important. You can start with a small amount to practice or use demo accounts offered by some exchanges. You also need to be updated with the fundamentals of the cryptos you are investing into, plus the news and events surrounding the whole cryptocurrency and blockchain. Technical analysis are also helpful and something you need to take time in studying.

    The important thing to note in trading is always buy low and sell high. You can either choose to be a short term trader or long term trader. Short term means you close trades in as quick as 1 month to 6 months. Long term means more than 6 months to years. Day trading could give you gains in a day but very risky too.
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    • Lol, thanks for a laugh, BC has dropped from 20k two years ago, to around 3.5k now, or it has plummeted 450%, (Tradingview quote) which l guess that means if you are not happy with getting wiped out once, you can again, (several times).

      And about an 86% drop in December last year, if you prefer to almost lose everything.

      I am personally still amazed that people keep wasting their time with this junk. This is an, (l won't say it) instrument that shows all the signs of dropping, (like a dropbear on a hot day) that not even institutionalized investors will touch.

      There are better opportunities in the ASX or NASDAQ, l would suggest going there.

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  • OP has been gone for months - rhetorical comments
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    Basic of Cryptocurrency Trading

    Hello friends. I was just going through surffing and i found cryptocurrency trading which is interesting. There are so many crypto coins available but i dont know which is best one. I want to know more about coins and trading.