Educate yourself

Don’t worry, cryptocurrencies are here to stay, and you will not miss out if you take some time to first educate yourself. Investing without knowledge is equivalent to gambling. Take the time to become familiar with the field of cryptocurrencies.

Join a trading community

Networking is crucial for building a great portfolio. I progressed most when I joined a good cryptocurrency community. I joined “enchancedinvestor” when I was starting out and I’m still an active member of it. I suggest joining , because it’s awesome. Our analysts are amazing, they provide our community with great calls every day. You will have the opportunity to learn a lot from the meaningful discussions.

Invest

Eventually, you will have to start investing yourself if you wish to really understand the market. You will need to have many sucessful investments if you wish to have a “strong portfolio”. However, don’t be intimidated by the market. Educate yourself, start with smaller amounts of money and you will get a feel of the market.

Crypto-world involment

You could start writing articles and blogs about cryptocurrencies. This way, you will constantly be learning new information regarding the cryptocurrency market.

If writing articles is not your thing, start following more cryptocurrency articles. You will see what different people think about the cryptocurrency trends.

There are many more ways to be more involved in the crypto-community. If following articles and writing them isn’t your thing, find something else related to the field.

The important thing is that you are always learning new information regarding cryptocurrencies and gaining new experience.

It definitely is one of the biggest exchanges in terms of volume and trading activity, but if it is the best? That is very subjective and comes down to user preference. For example, I tend to avoid trading on any sort of centralized exchange such as Binance as they have much higher security risks.
Furthermore, questions are rising around centralized exchange’s orderbooks remember that as they control everything in their own backend, they can easily manipulate prices by making trade volume appear out of thin air. Just look at Bithumb being accused of insider trading for example: Bithumb exchange accused of insider trading. As we can see centralized cryptocurrency exchanges witness all the same problems as the traditional financial institutions on wallstreet: insider trading, manipulation and wash trading. They have indeed become the very thing that cryptocurrency was created to solve!

Luckily we also have the decentralized Cryptocurrency Trading Software! Here users can safely trade with the knowledge that orderbooks are completely on chain and cannot be altered. Furthermore in most cases decentralized exchanges operate in a peer-to-peer platform, meaning traders trade directly wallet to wallet without ever giving up control of their funds. Sure the age of decentralized exchanges is just starting, and volume may be a little lower, but it is only by adopting their use as the new standard that we can solve the true corruption that plagues our financial existence.

There are plenty in the market. I have experienced good gains on on my personal experience.

High precaution has to be taken when one decides to invest in crypto coins. It may make your gain exponentially high, at the same time may make you lose your fortune too. The question itself depicts, the user has basic understanding of the underlying risks of day trading crypto coins.

My strategy - start each day afresh. Study the market trend, analyse carefully which one is doing well(good 30 mins will do). I prefer cross examining the price fluctuations in different Cryptocurrency Exchange Software. Then I would begin buy/sell and vice versa. It’s obvious, you lose some and gain some. One has to learn to balance both in order to survive. It’s only time and experience - that teaches how to survive everyday.

Based on your geographical location you may choose to invest in the following:

• XRP - Ripple
• KIN - KIN Coin
• XLM - Stellar Lumens
• IOST - IOSToken
• FUN - Funfair
• XVG - Vege
• RPX - Red Pulses
• TRX - Tron
• LTC - LiteCoin
• PLR - Pillar

The advice I have always given to people interested in investing in crypto currencies for their first time is don’t put in what you are not comfortable losing. And when I say losing, I mean losing all of it as this is well in the realm of possibilities. All it takes is one hack, or one Cryptoexchange to shut down at the wrong time. The two risks with investing in anything are risk of loss of capital and opportunity cost. The risk of loss of capital is greater in cryptocurrencies because of the limited timeframe of their existence, security issues, and a lack of a framework for valuing them. There are some methodologies that have been developed for valuation but they mostly remain rudimentary. With that being said, if you do invest some capital which you are fully willing to lose, there is scope for extraordinary upside which can’t be gained in any other investments.

With so many crypto exchanges out there, it is important to choose the one that offers the most liquid order book in the world, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO and many other digital assets with minimal slippage.

Some Cryptocurrency Trading Software allows for users to trade with up to 3.3x leverage by receiving funding from the peer to peer margin funding platform. Users can enter an order to borrow the desired amount of funding at the rate and duration of their choice, or they can simply open a position and the exchange platform will take out funding for them at the best available rate at that time.

These are the few popular ones at the moment

• beaXchange
• Binance
• ChainCreator.Exchange
• Coinbase
• LocalBitcoins
• Remitano

Before getting your feet wet with crypto trading, take time to understand the jargon and common terms.

 

• Limit - An order to buy/sell at a specified price or better.
• Market - An order in which a buy or sell order to be executed immediately at current market prices.
• Stop - An order to sell or close your position once the market reaches a certain price.
• Trailing Stop - A stop order that can be set to execute once the market goes against you by a defined price, called the price difference. Trailing–stop sell orders are used to maximize and protect profit as a stock's price rises and limit losses when its price falls.
• Fill or Kill - This type of order is a limit order that must be filled in its entirety or canceled (killed). The purpose of a fill or kill order is to ensure that a position is entered at a desired price.

There are some key elements that can help you to choose the right exchange: Fees, for example on Bithumb it's .15% while on many others up to .20%; Security, the best way to secure your money is to use two-factor authentication; and Trading with Currencies, since the market volume can tell you a lot about the Cryptocurrency Exchange Software, the volume ranking also tells about the credibility of the exchange.

I am agree with your viewpoint to insuring their Cryptocurrency Exchange Software like Binance for getting ready for any bad happening in future. It will also keeps the trust of the traders and investors at your respective exchanges. Unless user will move to much safer exchanges which will not be good sign for you..

If you trade just for entertainment then I guess you have lots of money to waste.Trading is a serious things as it involves risks of losing..There are lots of people who works so hard, research deeply and then move to trade..

A good cryptocurrency platform should offer :

• high liquidity
• security features
• trading with leverage
• multiple trading products
• advanced trading GUI

Bitcoin may be sold and bought through an exchange site or through a broker or individual trader. Which exchange site you choose or which broker you trade with will depend largely on where you live or work, as funds will need to be transferred easily and locally without the need for expensive currency conversions and international telegraphic transfer fees.

You may refer to Buy and Sell Bitcoin by Country and Geographical Location to select the exchange closest to you. Note that most exchanges require that you submit some personal documents in order to comply with Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) policies and regulations. All standard procedures which you should find no difficulties with.

It is also advisable that you have a bitcoin wallet set up and ready for you to transfer and store the purchased bitcoin, as it is always safer to be in control of your own bitcoins than leaving it at the exchange. You may refer to Setting Up a Blockchain Wallet on Web Browser and Mobile Devices to get started immediately, or while you wait for the exchange to verify and approve your account identity.

Is this site is free or we have to pay some amount to get participate in the surveys and many more...And I am fully satisfied with your answer for not spending a single penny from our original investment.

Just like any other form of trading, to be a profitable Cryptocurrency trader, you need to first understand the essence of this market. Generally speaking, there are number of ways to profit from Cryptocurrency, while day trading is most likely the fastest one. This method involves speculating on the price of Cryptocurrencies, just like in Forex, and then buying and selling them throughout the course of the day to make a profit. Due to the increased volatility of this market, there are usually 2 possible outcomes: You can either make a lot of money or lose a lot of money.

Firstly, there is no backing to them. While other fiat currencies moved away from gold standards and the like some time ago, they do have backing - the labour of the citizens of the country. That has a definite value. I don’t see that with cryptocurrencies - like diamonds, they only have value because people think they do.

Secondly, you can’t spend them. A handful of places accept bitcoin, but very, very few. Even less accept other types. So if I want to buy bread, pay rent or pay for a taxi, I have to convert it to local currency. This entails extra costs, and extra risk as the conversion rates are volatile.

As a tertiary one, bitcoin especially causes problems at a time we are trying to reduce wasted energy. Massive server farms are using astonishing amounts of power to create these coins. That’s not sustainable, in both meanings of the word.