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!
1) Mainly bitcoin and some of the alts (PSB, NEM, ETH, Monero and other coins on ICO)
2) Formerly on Bitfinex but since lots of problems lately I transfer to Kraken. I preferred also Poloniex in terms of altcoin trades.
3) Focus and putting some time to monitor the price. Other alts have high rate of price volatility and prone to manipulation that's why we need to focus on latest trend to avoid being late.
Strategies vary per user. If you found yourself succesful in a strategy of yours just continue doing that.