Post
Topic
Board Trading Discussion
Re: What would be your recommendations when trading crypto?
by
Teraboy
on 10/11/2016, 13:58:47 UTC
Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley
actually to make trading in crypto is a risky work because most of the people usually get losses on crypto trading .
but i will suggest for only bitcoin trading .
as we know the price at different exchange are different so we can transfer our btc into and doller into btc to get profit from one exchange to another .
( be careful use this stretgy when btc rate are at high difference between the two exchange )

The method you are pertaining must be the " Arbitrade Method" wherein you will buy low in the other site then you will sell it in another site where the price is high.

But it is risky because not all trading sites are legit. So if you are going to use that method. Make sure the sites you are trading is a legit one to prevent loosing from trading crypto.
No, it's so bad, and will not giving a different gap in the price. and if that's really good idead and why a lot of people are not doing that rather than just using any exchange for trade their bitcoin?
I would strongly for refusing for using it and just choosing one reliable and best for me. and it's also no friendly with the tax for every transaction and how many you will make your transaction in a day?
It's very useless in my mind.
Even at the time for waiting your transaction the rate of bitcoin can going down below of the previous exchange site.