Bitcoin Trading Tip #1: Become Fluent in Technical Analysis
The nature of Bitcoin makes it an outlier in comparison to other asset classes or currencies. There is no central bank or governing body to influence its valuation. News events can have unpredictable impacts, and other financial instruments exhibit sporadic correlations. In fact, Bitcoin pricing models are largely speculative, ignoring a great deal of traditional financial theory. Understanding the basics of technical analysis is an absolute must before entering the Bitcoin markets. In many ways, price itself provides the only dependable clues pertaining to Bitcoin’s future value. The lack of relevant market fundamentals places an impetus upon analyzing pricing charts, applying indicators, and reading price action.
Bitcoin Trading Tip #2: Adopt a Sustainable Pace
Trading is a marathon, not a sprint. One of the most important tasks facing Bitcoin market participants is establishing a schedule that is sustainable over the long haul. Putting in extraordinarily long hours on a daily basis leads to burnout and subpar performance.
Bitcoin Trading Tip #3: Stay Aware of News Items
Bitcoin is unique in that typical news items do not have a predictable impact upon the markets. There are no scheduled GDP releases, WASDE or EIA inventory reports to boost participation and skew pricing.
Bitcoin Trading Tip #4: Implement Stop Losses
Consistent volatility is an attribute of Bitcoin markets that is particularly attractive to active traders and investors. Valuations regularly fluctuate between 5 percent and 10 percent daily , creating opportunities for traders with an appetite for risk. No matter if a trader is engaging the cash, CFD, or Bitcoin futures markets, using stop losses is a must when trading Bitcoin. The wide swings in pricing are certainly ripe for profit, but the potential for catastrophe does exist. It’s absolutely imperative that you use a stop loss somewhere in the market — the exact placement will vary — to protect any open position.
Bitcoin Trading Tip #5: Use Prudent Leverage
It’s a cliché, but leverage is truly a double-edged sword: It boosts gains but magnifies losses. Too much leverage promotes reckless money management and will lead to blowing out your trading account. Too little can hinder performance because premium trades may not perform up to their capabilities. Ultimately, effectively managing leverage is a balancing act that a Bitcoin trader must conduct. Bitcoin futures products may help you manage leverage because they place an extra emphasis on proper leveraging. The offerings of the CME Group and Chicago Futures Exchange (CFE) are priced at $25 and $10 per tick, respectively. To say the least, it can be capitally intensive to take multicontract positions. A simple way to define position sizing is the 3 percent rule. Under its parameters, a maximum of 3 percent of the trading account may be assigned to a single trade. This ensures the proper alignment of risk to reward with respect to position sizing and stop loss location.
I have been posting daily market updates for a while. I want to provide a list of good trading tips applicable for novice and advanced traders. Hopefully this post will help clear misconception and improve your trading. This is for trading only, not investment. IE: Speculate for profit through the volatility of the market. Gather information: When it comes to trading, where you get your information and how you filter them is important. During market movements, people always want to know why Bitcoin is moving by justifying it with news (related or unrelated). I can tell you from my experience that news always come after market movement. I have some personal stories, but I’ll share later. As a trader, we need to focus on the price action and how price reacts to news. A good piece of news during a bear market could be a sell-off. Market often shrugs off bad news during bull markets. My point being: observe what the market action is telling you, not what news is telling you. Keep an open mind when trading: For a speculator, all trades come with risk, the risk of being wrong. Whenever you place a trade, answer the following question first before you click that buy. I recommend keeping a journal or trading blog like me.
Write down the reason why you entered this trade. This could be anything from MV cross or support/resistance boundaries. This way, you can always review your initial reasons for keeping this position open.
If you happen to be wrong, what is your exit? Where is your stop? Always have a stop ready, even if the stop is large. Always keep in mind that the trade can and will go against you at times.
Trading can be emotional. We are terrible traders when emotional. The first step is to become self-aware that you are emotional. To say it bluntly, the market doesn’t give a shit about how you feel. My best advice is that you should stop trading temporarily until you can get your emotions under control. Obviously easier said than done, but with practice, you get the hang of it.
Focus on the exit: In trading, we tend to focus a whole lot on entering a position, but very little on exiting. In fact, I believe the timing of the exit is more important than entry for trend followers. Before a trade, have a strategy in place for when the market is going against/with you. We already explained stop-loss orders, but what does a trader do when the position is largely profitable? Exit could be a trailing stop-loss, or maybe a projected TA target. Write your thought process on paper. These are the general tips I offer without being too specific. If you would like me to go over any specific strategies or want me to elaborate it further, leave a comment below. I have twitter and a bitcoin trading blog if you are interested.
Hi guys! I want to share with some crypto trading tips. This kind of emodies my whole experience of cryptocurrency and If I discovered this 2-3 years ago. I would'nt have made some of the mistakes I've done so I'm going to show you guys a very quick explaination why this is importante to me. The best tip I can gave is "to stay in the game" in this expanding market. No shorting, no leverage. It takes discipline and slightly more patience. The way you don't make money as you shaken out the game will lead you into a winner. I'm not afraid to admit my mistakes. When I started mining Bitcoin, I was all excited and the Bitcoin was stable at $10 and you know its unbelievable now. But when I was mining at $10 for three months and suddenly it rose up to $50 and thinking I'm smart enough to sell it at $15. Like damn, wish I could think of a better fortune. It just keep going and going. I was just waiting for that one moment to just buy back and get back into the game but it just went up to a hundred and a thousand and now its at 8,000. It's just hard to fight that kind of initial instinct, you feel like the market is going to drop tomorrow. You feel that its gonna collapse, the buble is coming. I want to sell now but you know the market will punish you for overestimating. Who would have think that Ethereum will suddenly blow up go farther $100. You feel like it can't go up anymore, thinking it had a hard time finding $100 and going to $130. And you sell it to $100. Nope, same mistake again. It even went to a thousand last year and $511 by now. This is the important thing here. CryptoCurrency is an expanding market. It grows a day and the increase is massive whether it will be 23% this day or 20 tomorrow. The market is just insane and unforgiving. It's very important to stay in the game. Don't feel embarassed and be patient in crypto. You will get your time. Ps. This is not a trading advice, I'm not a trading expert. Just want to share my knowledge and experiences to everyone.
Bitcoin Profits - Trade Bitcoin CFD Without Knowledge
5 key tips for trading Bitcoin And An Additional Tip For Those Who Don't Have Any Knowledge of Trading CFD's Undoubtedly, 2017 has been the year of bitcoin. Its explosion in popularity has created a global buzz among consumers, merchants and investors. The speed of the transaction, low rates, increases in value and other factors have convinced people around the world to make Bitcoin one of its main modes of exchange. As a result, large groups of traders have capitalized on the boom in bitcoin trading in the spot, CFD and futures markets. In an environment that is best described as "turbulent", discipline and dedication are two indispensable prerequisites for success. The Tip For Those Without Any Knowledge Trade Bitcion Profits CFD with OHLC Charts. There Are few tricks which helps you making money without any knowledge. You can make some money with Like A minimum of $300 or more depending on your investment. To know more about this trick you can ask me separately and enjoy making money with guarantee.
Here are five tips to change the inherent volatility of Bitcoin operations in your favor: Become fluent in technical analysis Adopt a sustainable rhythm Stay on top of the news Implement loss stops Use prudent leverage Let's look at each of these in more detail. No. 1: be competent in technical analysis The nature of Bitcoin makes it an outlier compared to other asset classes or currencies. There is no central bank or government agency that can influence its valuation. News events can have unpredictable impacts, and other financial instruments show sporadic correlations. In fact, Bitcoin's pricing models are largely speculative, ignoring a large part of traditional financial theory. Understanding the basic concepts of technical analysis is an absolute necessity before entering the Bitcoin markets. In many ways, the price itself provides the only reliable clues related to the future value of Bitcoin. The lack of relevant market fundamentals drives the analysis of price graphs, the application of indicators and the reading of the price action. No. 2: Adopt a sustainable rhythm Trade is a marathon, not a sprint. One of the most important tasks faced by Bitcoin market participants is to establish a sustainable long-term schedule. Putting extraordinarily long hours on a daily basis leads to exhaustion and inferior performance. The market hours for Bitcoin are long: Commercial hours of the place Cash market 24 hours a day, 7 days a week CFD 24 hours a day, 5 days a week Futures 23 hours a day, 5 days a week Nobody can trade effectively 24/7. The best practice is to adopt a manageable calendar by delineating optimal trading times and focusing exclusively on those periods. Get more information about Bitcoin futures options here. Bitcoin Trading Tip No. 3: Stay informed of news articles Bitcoin is unique in the sense that typical news does not have a predictable impact on markets. There are no scheduled releases of GDP, WASDE inventory reports or EIA to boost participation and biased prices. If you are going to start trading with Bitcoin, it is a good idea to have access to a live news service and monitor it. No. 4: Implement Stop Losses Consistent volatility is an attribute of the Bitcoin markets that is particularly attractive to active traders and investors. Valuations fluctuate regularly between 5 and 10 percent daily, creating opportunities for traders with a risk appetite. It does not matter if a trader is participating in the futures markets of cash, CFD or Bitcoin, the use of stop loss is essential when operating with Bitcoin. The big price swings are certainly ready to make a profit, but there is the possibility of a catastrophe. It is absolutely imperative that you use a stop loss somewhere in the market, the exact location will vary, to protect any open position. No. 5: Use prudent leverage It's a cliché, but leverage is truly a double-edged sword: it increases profits but increases losses. Too much leverage promotes the management of reckless money and will lead to the exploitation of your trading account. Too little can hinder performance because premium operations may not work according to their capabilities. Ultimately, effective leverage management is an act of balance that a Bitcoin trader must perform. Bitcoin futures products can help you manage leverage because they place an additional emphasis on adequate leverage. Offers from CME Group and the Chicago Futures Exchange (CFE) are priced at $ 25 and $ 10 per tick, respectively. To say the least, it can be capital intensive to take positions of multiple excerpts. A simple way to define the size of the position is the 3 percent rule. Under its parameters, a maximum of 3 percent of the commercial account can be assigned to a single operation. This ensures the proper alignment of the risk to the reward with respect to the size of the position and the location of the stop loss.
Top-60 bitcoin/crypto quotes of the last decade, because reading them makes you feel good, and it feels good to feel good. Also one trading tip
First, number one trading tip for the next decade (in my opinion): XXA/XLM trading pair, price is 5.20 XLM (0.3588 USD). Ixinium XXA is so undervalued right now. Target profit +300% for this year. Backet by precious metals. Precious metals 100% insured by Lloyd's of London. Target price levels for this year because of precious metals base value: 12.0 XLM (0.83 USD, +130.6%) 18.8 XLM (1.30 USD, +261.5%) 23.2 XLM (1.60 USD, +345.9%) Price up since Coinmarketcap listing 7 days ago: 47.26% XXA/XLM trading pair on Stellarport and StellarX exchanges with zero trading fee. It's not too late to become an Ixinium whale :) My favorite bitcoin/crypto quotes, last ten years:
Came into Bitcoin for the short-term dollar gains. Stayed in Bitcoin for the long-term bitcoin gains.
Fiat addicts you to spending. Bitcoin addicts you to saving.
There are 1,900x more dollars in existence today than there was less than a hundred years ago. Bitcoin has no top because fiat has no bottom.
Most investors would be better off if they lost the password to their account and couldn’t log in for a few years.
How I learned to stop worrying and love the bear market: Value your wealth in bitcoin not fiat.
If I had a Bitcoin for every time someone asked me if I know who Satoshi is... I'd be Satoshi.
Every second bitcoin stays out of the spotlight, is another second we get to build unopposed. We can't take this time for granted.
You can't be excited about Bitcoin and fear the bear market. It's like being excited for Christmas but fearing winter. The bear market is a natural part of Bitcoin's mass adoption.
Crypto is the only money that works on the internet. But it's also the only money that works in space. It's really expensive to bring gold bars to Mars.
The fact that your normie friends don't think Bitcoin is cool yet is the reason why there is still massive upside potential.
Feel free to print (fiat money) as much as you need, as I am already all in crypto.
Satoshi walks in to a bar. Nobody knows.
Fiat supply: unlimited. Gold supply: unknown. Bitcoin supply: 21 million.
Most people still don’t know anything about Bitcoin except its price. But they don’t know why Bitcoin has a price in the first place. Hence the skepticism. When you don’t know why something has a price, it is impossible to understand how much it can really be worth.
There can never be more than 17 million people who own 1 full bitcoin. But in practice, there will be far fewer.
Internet allowed you to never have to go to the library. Bitcoin will allow you to never have to go to the bank.
Google's CEO is Indian
Nokia's CEO is Indian Adobe's CEO is Indian Amazon's BOD is Indian MasterCard's CEO is Indian Microsoft's CEO is Indian Pepsico's CEO was Indian indra nooyi Nasa has 58% Indian employees Do something towards $Btc bans in India! ENOUGH IS ENOUGH.
When you trade trends, you can be the last person to join the trend & first person to leave the trend & you can still outperform everyone else in long term simply because others will keep guessing the tops & bottoms while you will keep riding confirmed trends.
You don't need to fomo into positions, if you accumulate early.
If your "financial advisor" doesn't advise you to buy crypto, fire 'em.
Bitcoin doesn't care about your feelings. It also doesn't care about your gender, ethnicity, sexual preference or religion. Bitcoin just is.
Want to prove to an investor that your crypto product is needed? Get people to use it. It is really hard to argue with usage.
Is it possible to be a BTC maximalist and be Vegan? Asking for a friend..
If you think that bitcoin is not going to the mainstream, think again.
Most people don’t know what money is. This is why Bitcoin is still underrated. First, learn what money is. Then, you will be able to leverage the massive opportunity that is Bitcoin.
If you think the people in charge know exactly what they’re doing, do nothing & continue on with your life. If you think those in charge may NOT actually be as smart as they want us to think, buy a little Bitcoin. The status quo is a bet on humans, but Bitcoin is a bet on math.
Bitcoin is only risky to those who don’t understand it.
Short term volatility doesn’t phase long term investors.
If you manage your risk, your profits will take care of itself. If you don't, your parents will take care of you.
For every person in the world, there are only 0.00225764 bitcoins.
If you did your research, this bear market was expected. Bear or bull market, it’s business as usual for true Bitcoiners.
For Bitcoin to succeed, the whole world doesn't need to understand its value proposition. Those who do will profit from its monetization. Those who don't will naturally adopt this better money.
Economic reality imposes itself onto the world whether you're aware of it or not.
This is not financial advice. This is life advice. Buy Bitcoin.
If Banks & Fiat are horse carriages, then Bitcoin isn't merely cars, it's fucking teleportation.
How Bitcoin enables global prosperity:
Bitcoin makes you future-oriented Bitcoin makes delaying gratification easier Bitcoin makes saving & capital accumulation easier Bitcoin makes investing easier Bitcoin makes global trade easier Bitcoin makes advancing civilization easier
Bitcoin is the ultimate marshmallow experiment. People who are able to hodl for longer will tend to have better life outcomes.
Other than your human time, Bitcoin is the scarcest thing on earth. Human time will become more abundant as life expectancy increases. Bitcoin, however, will only become scarcer.
The energy cost of Bitcoin mining will pale in comparison to the improvements in the world’s productivity and prosperity that are enabled by Bitcoin.
Pros of bear market:
-You can buy more Bitcoin -Devs more productive than ever -Weak hands driven out+hodler base strengthened -Focus on fundamentals, not short-term price -Overvalued shitcoins deflated -Critical Infrastructure being built out, making next bull run even fiercer
The more productive we are during the bear market, the harder Bitcoin will pump in the next bull market. Ignore short-term price action. Focus on Bitcoin fundamentals.
Bitcoin bear market is the best time for buying, learning and staying miles ahead of the normies who will once again be late to the game and will buy the top.
Before you invest in Bitcoin, invest in educating yourself about Bitcoin. Understanding Bitcoin will make your conviction much stronger and enable you to maximize your gains.
There are 2 ways you can adopt Bitcoin:
Early on & willingly-> result: allows you to capture upside as Bitcoin grows & becomes widely used or
Much later & not having another choice-> result: failing to capture most upside from Bitcoin's monetization.
The choice is yours.
The overwhelming majority of highly intelligent people I talk to still have no idea why Bitcoin is valuable. We are extremely early. The ability to identify opportunity before others and take advantage of the information asymmetry is key.
Bitcoin will succeed with or without you. Don’t be left behind.
In the 90s people couldn’t imagine that the Internet would replace newspapers, TV, phone calls, shops & many other things. Today, people can't imagine Bitcoin becoming mass adopted money. Bitcoin will do to money what Internet did to information. And money is a way bigger market.
If every millionaire in the US wanted to have just 1 bitcoin they wouldn't be able to. There will always be fewer bitcoins than there are millionaires in the US (let alone the whole world). Ignore this at your own risk.
The corporations & institutions that stand to lose from Bitcoin adoption are made up of individuals who stand to benefit massively from Bitcoin adoption. Realizing that every group or entity is made up of self-motivated individuals is key to realizing why Bitcoin will succeed.
Bitcoin self-selects for people with:
* Low time preference * Long attention span * Commitment * Authenticity * Patience * Persistence * Ability to focus * Ability to go against the mainstream Bitcoin is a marathon, not a sprint.
If you don’t have a deep understanding of:
What money is
Functions of money
Money properties that fulfill its various functions
Then don’t you dare criticize Bitcoin.
Bitcoin doesn’t care:
- what color you are - what sex you are - what age you are - what your religion is - who your parents are - which university/school you went to - who you’re friends with - how expensive your lawyer is Bitcoin cannot discriminate.
You chase money every single day. You stress over money all your life. You worship money.
But you have no idea why money is valuable. Money controls your life because you have no understanding of what it is. Once you ask yourself “What is money?”, Bitcoin will make sense.
Satoshi Nakamoto deserves:
- Nobel Prize in Economics - Nobel Peace Prize - Nobel Prize in Physics But thankfully the last thing Satoshi needs is the validation of the establishment.
Bitcoin is doing better than corporations & altcoins though it never had:
- CEO - Marketing - Salaries - ICO - Partnerships - Headquarters - Customer support Bitcoin is an emergent superorganism. Members contribute according to their ability, driven by passion more than greed.
July 2011 - $31
- “Damn, I should've bought bitcoin earlier” Apr 2013 - $266 - “Damn, I should've bought bitcoin earlier” Nov 2013 - $1,242 - “Damn, I should've bought bitcoin earlier” Dec 2017 - $19,891 - “Damn, I should've bought bitcoin earlier” 2022-2023 - ... - “Damn..”
Successful crypto trading boils down to correctly predicting how the whales will torture the normies next.
Bitcoin doesn’t wait for anyone. It’s up to you if you want to learn this the hard way.
Percentage of world using the Internet in 1995 = 0.4%
Percentage of world using the Internet in 2019 = 58.8% Bitcoin is to money what the Internet is to information. Percentage of world using Bitcoin in 2019 = 0.4% If you thought you are late to Bitcoin, think again.
I didn't choose the dollar.
I didn't choose the euro. I didn't choose the pound. I didn't choose the yen. I didn't choose the ruble. I didn't choose fractional reserve banking. I didn't choose central banks. I didn't choose quantitative easing. I choose Bitcoin.
Go to location
Social Security #
Proof of address
Unreadable legal docs
Wait a week for your funds
Which one will the next generation choose? Many of these wisdom quotes are from the author of the new book called “This ₿ook Will Save You Time”, and he's donating all of the proceeds from the book sales to a Bitcoin developer.
Der Anteil an Margenhädlern ist besonders beim Bitcoin Trading hoch, da viele Privatanleger in Bitcoins eine Chance auf schnelle Gewinne sehen und auf Fremdkapital angewiesen sind. Unser Tipp: Achten Sie auf spezielle Grenzen, die unter- oder überschritten werden. Weil das Bitcoin Trading hauptsächlich in USD stattfindet, sollte man auch den Dollar-Kurs beachten. Wird markante Marken wie ... Bitcoin verdienen: 10 Möglichkeiten, um selbst Bitcoins zu verdienen. Der Bitcoin-Preis steigt und steigt – und damit auch das Interesse an Bitcoin. Doch je später der Einstieg in die digitale Währung, desto teurer wird dieser. Denn ein Bitcoin kostet mittlerweile deutlich mehr als eine Feinunze Gold. Wir zeigen 10 Möglichkeiten, wie ... Wenn der Bitcoin-Markt sich in Wechselphasen befindet, sind unsere Verhältnisse beim Handeln eher vernebelt. Bei Nebel sehen wir nicht viel vor uns, also ist es besser unsere Grenzen in Geschäften nahe bei uns zu haben, oder am besten gar nicht zu Handeln. Foggy Market. Tipps für das Handeln mit Altcoins: Altcoins verlieren mit der Zeit ... Regardless, when Bitcoin is volatile, trading conditions are kind of foggy. During periods of fog, we can’t see far ahead, so it is better to have close targets and stop-losses set – or to not trade at all. Foggy Market Must-Have Tips For Trading Altcoins. Most altcoins lose value over time. They may bleed in value slowly or rapidly, but the fact that the list of the largest 20 altcoins by ... Für den Bitcoin-Handel gibt es unterschiedliche Wege und Plattformen. Welche das sind, worauf Sie bei der Wahl einer Trading-Plattform achten sollten und welche Möglichkeiten Ihnen sogenannte ...
Bitcoin Trading for Beginners (A Guide in Plain English ...
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