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Gribētos ieguldīt nelielu summu kādā perspektīvā altcoinā, tad sagaidīt līdz tas dubultojas, izņemt pusi naudā, lai virtuāli sanāktu pa nullēm, un pārējo atstāt un pavērot - ja jūtami un kaut cik stabili pieaug, tad daļu pārdot, negaidot rekordus un sekojous kritumus. Pēc tam - redzēsim, varbūt gaidīt nākoo kritumu un pirkt. Jebkurā gadījumā, darboties piesardzīgi un lēni, max 2x nedēļā.
Bet ne tagad; pagaidīu līdz februārim, kad, cerams, mazināsies tā trakā decembra zelta druda sekas - palaik reti kur var normāli piereģistrēties un stabili kaut ko izdarīt.
Bet ne tagad; pagaidīu līdz februārim, kad, cerams, mazināsies tā trakā decembra zelta druda sekas - palaik reti kur var normāli piereģistrēties un stabili kaut ko izdarīt.
I'm beginner in trading but I have studied some topics and currencies for a few days. I have decided what I would like to gain from all this crypto stuff and I would like your constructive critics about my ideas.
1. Start with a sum that I can afford to lose.
2. Register with a few reliable exchanges - have registered and passed verification at some, although some more are overwhelmed now and not sure, when they'll recover.
3. Define the goals - at first, I just want to earn the same fiat value that I had initially invested and still have the same fiat value of coins left (to aim for double value, essentially). I'd like to collect small gains by selling small amounts of coins and keeping whatever I feel like ready to lose (or not win, because, technically, if/when I get back my initial amount, I'm already at 0 loss).
4. Choose the best coin(s) for my strategy (see below), and find an exchange supporting the coins.
5. Get my money onto to the exchange as cheaply as possible - I'm in Europe, so SEPA transfer might be the best way, but will have to wait a few days and also might need additional IBAN verify with some small amount. Still, maybe better than instant bying with a debit card and paying 8% fee.
6. Keep the coins out of exchange - ok, have set up some wallets and played a bit with settings to get familiar.
7. When selling, also account for local capital gain taxes (23% in my country, as explained by consultant when asked about income from exchanging cryptocurrencies) - thus I might gain less than I initially accounted for.
My strategy follows.
At first, wait for low. I guess, in February things might have settled a bit after December's craze? Maybe people got too excited during Holidays? Not sure, what happened so suddenly. Then I'll buy some (see point 1), wait for high (ideally, double
), sell the amount that has fiat value over my initial investment.
I'll wait for periods when it's going solidly up but won't wait for record high because then it might suddenly fall or people might sell / buy like crazy and all exchanges will be overwhelmed. So, I need at least a few days of solid rising to be sure that I can sell. 50% might be a good point to cover possible fees and differences and still gain something. If less than that, then better wait some more (forever in the very worst case). After that I'm not sure, maybe I won't buy anymore but just wait and collect income, as long as the coin is going up, keeping the coins with fiat value I invested initially. Or I might start trading more actively, but still carefully and holding for long periods. Anyway, I'll stay away from day trading.
It seems, currently low but popular altcoins might be better fit for my strategy because they have more chance to double at some point and keep at that level for longer than just a day? Or am I wrong?
What do you guys think? Is it all any good?
1. Start with a sum that I can afford to lose.
2. Register with a few reliable exchanges - have registered and passed verification at some, although some more are overwhelmed now and not sure, when they'll recover.
3. Define the goals - at first, I just want to earn the same fiat value that I had initially invested and still have the same fiat value of coins left (to aim for double value, essentially). I'd like to collect small gains by selling small amounts of coins and keeping whatever I feel like ready to lose (or not win, because, technically, if/when I get back my initial amount, I'm already at 0 loss).
4. Choose the best coin(s) for my strategy (see below), and find an exchange supporting the coins.
5. Get my money onto to the exchange as cheaply as possible - I'm in Europe, so SEPA transfer might be the best way, but will have to wait a few days and also might need additional IBAN verify with some small amount. Still, maybe better than instant bying with a debit card and paying 8% fee.
6. Keep the coins out of exchange - ok, have set up some wallets and played a bit with settings to get familiar.
7. When selling, also account for local capital gain taxes (23% in my country, as explained by consultant when asked about income from exchanging cryptocurrencies) - thus I might gain less than I initially accounted for.
My strategy follows.
At first, wait for low. I guess, in February things might have settled a bit after December's craze? Maybe people got too excited during Holidays? Not sure, what happened so suddenly. Then I'll buy some (see point 1), wait for high (ideally, double
), sell the amount that has fiat value over my initial investment. I'll wait for periods when it's going solidly up but won't wait for record high because then it might suddenly fall or people might sell / buy like crazy and all exchanges will be overwhelmed. So, I need at least a few days of solid rising to be sure that I can sell. 50% might be a good point to cover possible fees and differences and still gain something. If less than that, then better wait some more (forever in the very worst case). After that I'm not sure, maybe I won't buy anymore but just wait and collect income, as long as the coin is going up, keeping the coins with fiat value I invested initially. Or I might start trading more actively, but still carefully and holding for long periods. Anyway, I'll stay away from day trading.
It seems, currently low but popular altcoins might be better fit for my strategy because they have more chance to double at some point and keep at that level for longer than just a day? Or am I wrong?
What do you guys think? Is it all any good?
It seems, all popular exchange & trading services are overwhelmed and many of them have disabled new registrations (including Litebit) or verifications. Also, Bitcoin network is slow, lots of uncommitted transactions.
I'm wondering if all of the "crypto gold rush" will blow up not because of cryptocurrency being inferior than fiat but because of worldwide technical difficulties.
Regarding one of the issues in this topic, I kinda agree that in situations when IBAN verification is expected to be required then they should immediately show a large banner about that and not permit to initiate sending money to their account (not sure, how this could be best disabled).
Or maybe it can be simplified by sending the reference code straight in the first payment? But that would be not wise - the same as sending large sum before being verified. Anyway, the information should have been on their site somewhere right close to the bank account settings and in large, visible text, something like:
"Warning - we won't accept deposits from IBAN until it is verified ...."
I'm wondering if all of the "crypto gold rush" will blow up not because of cryptocurrency being inferior than fiat but because of worldwide technical difficulties.
Regarding one of the issues in this topic, I kinda agree that in situations when IBAN verification is expected to be required then they should immediately show a large banner about that and not permit to initiate sending money to their account (not sure, how this could be best disabled).
Or maybe it can be simplified by sending the reference code straight in the first payment? But that would be not wise - the same as sending large sum before being verified. Anyway, the information should have been on their site somewhere right close to the bank account settings and in large, visible text, something like:
"Warning - we won't accept deposits from IBAN until it is verified ...."