Learn to trade and invest in Bitcoin, Litecoin, Ethereum, Monero, Zcash and other altcoins. Use the sidebar links below for altcoin trading resources.
The official source for CryptoCurrency News, Discussion & Analysis.
The Internet's only place for ~~censored~~ ***uncensored*** cryptocurrency news, technicals, education, memes and more!
For all they hype that utility tokens, turing complete chains and stable coins get when people talk about altcoins, not only does bitcoin still command the majority of the exchange volume and the majority of the value, but its blockchain is also the one relied upon to operate the largest token - Tether. For those who don't know, Tether is an OMNI token, and Omni itself is a platform that runs tokens using OP_Return transactions on the bitcoin blockchain. (OMNI was originally known as MasterCoin). submitted by
Together, the daily volume of Tether and Bitcoin are typically greater than that of all other coins and tokens combined.
When it comes to what is relied upon as a store of value and as a secure platform on which to host tokens, there is nothing that compares in terms of real world use to Bitcoin.
Read our case study trades to learn from real bitcoin traders and improve your own trading ability. Our last post
got a lot of good feedback. Many of you wanted to also see unprofitable trades, which we have included to help you learn from the mistakes of others. Background
There are two main trading opportunities that are covered in this article. Firstly, there was a rally following the announcement of Coinbase’s exchange on the 26th of January. Then later in February, there was another sizable rally on Valentine’s Day. Click here to read our previous post on the January price crash.
These trades are not the most profitable recorded, but the trades that others can best learn from. http://i.imgur.com/w90f9BW.png 10. Buying the Rumor
This trader opened two simultaneous positions. Position 1:
Open: 247.64 USD
Close: 285.16 USD
Profit: 4.20 BTC / 109.73% Position 2:
Open: 247.88 USD
Close: 285.03 USD
Profit: 4.22 BTC / 108.62% http://i.imgur.com/kunLqzh.png
This trader entered two long positions on Bitfinex, with 10x leverage, before Coinbase’s exchanged was announced. After the grand reveal, their 7.7 BTC deposit produced a substantial 8.44 BTC profit the next morning.
The risk / reward balance of our trader is very impressive. To begin with, they did not instantly sell for a small profit immediately after their position was opened. Instead they held out to see what the market would do. When a major spike did occur, they did not get greedy and closed their position while they were in a profit. 9. The Panic Seller
Open: 254.88 USD
Close: 262.46 USD
Profit: 1.12 BTC / 12.03% http://i.imgur.com/ARMG7OJ.png
Unlike the previous trader, this speculator was not so quick to take their profits. They opened a long with 5x leverage while the rally was gaining momentum. When the trader closed the position, their 9.33 BTC deposit produced a respectable 1.12 BTC profit.
The timing of their opening was impeccable, however their returns could have been considerably higher by closing earlier. It was not until the price dropped significantly that they sold in panic. If you need to improve your trade opens, consider watching the MACD
to identify significant trends to follow. But remember to take your profits, like our the previous trader, to realize your hard-earned bitcoin. 8. Following Momentum
Open: 258.88 USD
Close: 297.15 USD
Profit: 0.1 BTC / 107.53% http://i.imgur.com/novlaG8.png
Let’s take a look at a trader that was also following momentum, but remained prudent enough to take their profits. This time we have a smaller trader with a 0.096 BTC deposit, but using 10x leverage allowed them to generate a hefty 0.1 BTC profit.
Unlike the last trader, this person almost perfectly timed their position close. If you need to work on taking your profits, consider setting price targets that you will close at — this helps prevent trading on emotions. 7. Selling the News
Open: 306.03 USD
Close: 232.42 USD
Profit: 1.96 BTC / 263.93% http://i.imgur.com/FwmCtvj.png
A trend that has been prevalent over the last 9 months with bitcoin trading is for the price to rally on major news, but then return to pre-news levels. This can be seen with PayPal’s bitcoin partnerships
, Microsoft accepting bitcoin
and now with Coinbase’s exchange.
Identifying this trend helped our trader turn a 0.74 BTC deposit into a 1.96 BTC profit. While accurately calling the top may require a bit of luck, they did a great job of managing their open position for several days.
As the price was retracing over several days, it made financial sense to keep their position open and incur interest charges on the funds BTC.sx
provide for 10x leverage.
A general rule of thumb is to consider closing unprofitable positions within 24 hours to avoid paying interest. However, the market was moving in their favor — more than compensating for the interest charge. The end result was making approximately 90% ROI for every day their position was open. 6. Missing the Boat
Open: 280.12 USD
Close: 237.00 USD
Profit: -0.96 BTC / -75.81% http://i.imgur.com/LrWfZXr.png
Unfortunately, unprofitable trades from time to time. But these are actually valuable learning experiences. This is certainly the case for our trader that ‘missed the boat’ when both opening and closing their position.
This trader was slightly slower than the earlier momentum traders and went long at 280.12 USD with 5x leverage. Their potential profit would have been higher had they entered a position sooner, but this was initially not too much of a problem when they quickly became profitable.
However, they failed to realize their profit while they had the chance to do so. In fact, they only closed after the spike to cut their losses. Quite clearly, if they had entered the position sooner, their loss would have been much smaller. Or even better, if they did not miss the boat to close above ~283 USD, they would have made a profit. Now Let’s Look at the Lessons to be Learnt from the Valentine’s Day Traders 5. “Honey, can you please stop trading bitcoin for 10 minutes?”
Open: 234.66 USD
Close: 258.37 USD
Profit: 0.18 BTC / 76.47% http://i.imgur.com/rq2xuRM.png
With 24/7 markets, bitcoin waits for no one. This trader was not going to let their Valentine’s Day plans get in the way of making a profit. Here we have a trader going long at 234.66 USD, with 10x leverage, then closing the position on Valentines Day evening to lock-in a 76.47% ROI.
As covered above, this trade demonstrates the effectiveness of both following momentum and taking profits sooner rather than later. 4. The Sneaky Mid-Date Trade
Open: 256.66 USD
Close: 236.50 USD
Profit: 0.09 BTC / 71.04% http://i.imgur.com/NXiVQT7.png
Being a trader it can be hard to stop price-watching sometimes. Here we have a BTC.sx user taking an opportunity to short bitcoin will the price rallied during Valentine’s Day evening. By entering a 0.13 BTC short position, at 10x leverage, they set themselves up to profit from a price fall.
Our simple user interface also allows trades to be made on mobile devices for those moments when you cannot get to a computer.
A great lesson to be learnt here is to not set stop losses too small. Initially the market moved against the trader. However, our trader had a large stop loss to allow the price to move higher, before heading down, where a 71.04% ROI was later generated. 3. The Dumper
Open: 243.95 USD
Close: 234.24 USD
Profit: 0.02 BTC / 34.54% http://i.imgur.com/NsRJTTO.png
Following momentum also works when shorting bitcoin. Shown by this trader, a sell was made 10x leverage, helping drive the price lower and generate a profit. At BTC.sx
, all positions are executed on exchange order books. Consequently, leveraged trades help move markets in your favor, with greater influence than just an unleveraged buy or sell.
Following the dump to 227 USD, our trader failed to take his profits and the market crept back up over several days. On the 17th February, their profit even turned into a small loss. However, as the market fell lower the following day they were able to finally close their position in a profit. 2. The Coin Toss
Open: 243.38 USD
Close: 234.19 USD
Profit: -0.20 BTC / -32.72% http://i.imgur.com/6CHDwl1.png
All trades should be based on research and technical analysis. Simply placing a trade, without a justified reason, reduces your chances of making a profit to the toss of a coin. This trader found out the hard way when the market moved against them with a 10x leveraged buy, resulting in a -32.72% ROI.
In this scenario it was more likely that the price was going to head downwards for several reasons. For one, by looking at the above chart it is easy to see that there is price resistance
around $244, indicating limited upside potential. Additionally, volume was declining at this point which means that a significant breakthrough is unlikely. Lastly, the MACD
showed the upward movement was loosing momentum, indicative of a trend reversal. http://i.imgur.com/rMgIsVr.png 1. The Technician
Open: 245.05 USD
Close: 235.53 USD
Profit: 0.01 BTC / 33.68% http://i.imgur.com/3bbQxso.png
Over at Bitstamp, one of our traders made a similar trade, but went short instead of long. By correctly identifying the price resistance, declining volume and declining momentum, they concluded a price drop was likely. Their analysis produced a well-deserved 33.68% ROI.
This shows that, even in a seemingly flat market, there are opportunities to be found by trading one step ahead of the market to profit from when a price swing does come. And in bitcoin, that price swing is inevitable. Conclusion
While it may seem obvious, the best traders on our platform always tend to have an objective and a clear reason for trading. This shows the more informed traders will always have that slight advantage over the rest of the market.
Another common pitfall is not taking profits sooner. Although hindsight is 20/20, it is generally more profitable to close a position too soon, rather than too late. If you want to use the power of leverage / margin trading to increase your potential returns, check out BTC.sx. We offer up to 10x leverage on Bitfinex, Bitstamp and itBit.
Bitcoin is moving past resistances above $10,000 after making the initial breakout some 24 hours ago. As of this article’s writing, BTC trades for $10,225, having traded as high as $10,350. Despite the rally, not everyone is convinced this is the breakout that will kickstart another massive move. - Top 10 Bitcoin Trading. 1. Changelly - Bitcoin Exchange. Changelly: Buy, Sell or Exchange many different currencies: Click Here! 2. CEX - Bitcoin Exchange. CEX: Buy & Sell BTC, BCC & ETH with Credit Card, fast after verification: Click Here! 3. Bleutrade - Bitcoin Exchange. Investing in Bitcoin could be risky due to the lack of proper regulation of the cryptocurrency sector in certain parts of the world. However, there are many top-notch companies that can assist you in becoming successful when trading Bitcoin and other cryptos. The ten brokers above are definitely the right place to start. Join the cryptocurrency revolution. Compare the best Bitcoin trading brokers FREE & find the leading platforms to buy Bitcoin BTC online. Compare fees, commissions, promotions, and trading features all in one place. Start your online trading journey today, don't miss out on the hype! Here we will discuss the top 10 bitcoin trading platforms, which are as follows. The price of bitcoin is rising day by day, and many people are thinking to invest in the digital currency. Bitcoin is the cryptocurrency and decentralized digital money. The use of bitcoin is the exchange of bitcoins with dollars or euro.
The BEST Bitcoin Trading Platform - Duration: 18:18. Moocharoo 7,696 views. 18:18. How To Make $100+ A Day, Trading With A $1000 Account - Duration: 17:33. Riley Coleman 302,765 views. Top 10 crypto trading bot 2020 Best Bitcoin Trading Bot OFFICIAL SITES FOR THE TOP 10 RECOMMENDED RESOURCES 1. BITCOIN PROFIT (Available in 16 Countries) Visit Link here: https://www.fmovision ... Top 10 Altcoins Set to EXPLODE In 2020 Best Cryptocurrency Investments Part 3/3 ... ripple, xrp, blockchain, bitcoin ta, bitcoin trading, bitcoin news today, crypto news, bitcoin price ... #bitcoin #crypto #cryptocurrencies What are your thoughts on the coins we discussed? Got a coin you feel deserves a spot in the top ten? Feel free to leave a... Grab our top-rated Bitcoin wallet for free: https://wallet.bitcoin.com ... Easily Make $100 Day Trading Cryptocurrency On Binance Beginner - Duration: 16:24. CryptoJack 266,449 views.