Post
Topic
Board Trading Discussion
Topic OP
Questions for traders
by
wallacedf
on 15/12/2016, 23:35:40 UTC
Hi everyone,

I'm getting to know better the market for cryptocurrency trading. In special, I'm really interested in understanding which are the biggest challenges/problems you face when trading. My intention is to study and analyze deeply these problems and evaluate potential solutions that will be valuable for traders, so it would be really great if I could get some feedback from you. So, basically, I have some few main questions but, please, feel free to provide any feedback you may want to.

1) Which cryptocurrencies do you trade?
2) Which exchanges do you usually work on?
3) Which strategies do you use in your trades? Does it involve Arbitrage trading? What's the most difficult part of it?


Thank you!
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UPDATE:

I have been receiving great feedback! Thank you so much for this. Yes, I understand that everyone has a own strategy when it comes to trading, so I was really trying to understand better the difficulties you encounter. I think I'm starting to get some initial relevant ones.

Many of you said that watching prices closely, putting effort tracking many altcoins you hold and even acting fast enough can be tough. I have some additional questions:

1) Do you use some kind of bot or any similar tool to help with you decisions? If you do, do you think that this tool/bot that you're using could be improved somehow to help you even more?
2) If you don't use such tools, why would that be ?

Also, some of you mentioned that is challenge deciding when to buy/hold/sell your coins, specially when pumping and bumping are involved. I understand that prices are unpredictable, but even though, you probably use some kind of analysis or any source of information to help with you decisions. Some few questions:

1) If you're willing to reveal them, which sources do you trust when making your analysis?
2) How effectively do they help you today?
3) Which are the most difficult/time consuming/tricky tasks when you're actually collecting the info/making your analysis?

I'd like to thank you again for taking some time to put your feedback here.