Just bought my first bitcoin, massive newbie excitement to be on board in some small way. It's clear that this currency has massive potential to pave incredible social change. Feel slightly late to the party! Want to invest more, any advice for a newbie on how to begin trading? Best sources of information? Early stage tips. Thanks in advance!
I've been trading BTC for a few weeks now. I've never traded anything before. What practical tips can I share with you, fellow BTC enthousiast and/or trader? (Note that I will not be held liable for any losses incurred and/or tears shed) 1) Don't put all your money in BTC. It's an experimental currency. What goes up CAN come down (see 2011) and you don't want to be the last one holding the bag IF something bad happens. Things like an internet shutdown, faulty block size, etc. 2) Determine your stake. You want to make a good return but, as noted in (1), you might lose everything. Yes, you could have made a $brazillion by now if you went all-in back in 2009. You don't know this is still the case in 2013. Putting 10% of your total net worth into BTC is risky imo, 20% is bordering on madness. Your choice. 3) Mentally prepare to lose your entire investment. There's nothing to back you up. Take a deep breath and visualise all those BTC vaporize. Be stoic about any losses (hat tip N.N. Taleb). Good. Let's start trading! 4) Determine when to sell. Seeing that BTC/USD go up all the time and not expecting a drop is what a fool believes. Sell into the rise, especially if it's going too fast. Better to have one bird in the hand than 10 in the air. Buy into the drop. If your total BTC value goes over the stake you determined in (2), sell the difference. 5) Plan ahead. Sometimes you can see a storm brewing. If the BTC is hovering around the $48 mark on light volume, and not breaking $50, it'll likely make people take their profit and sell -- followed by bargain hunters making a move. Be that bounty hunter and make sure to always have some spare $$ in your exchange account to bid when the price drops. 6) Take advantage of other's greed. I've been a sucker many times before and bought while the BTC/USD was going up rapidly. Followed by profit takers who knew to sell this rapid increase. Be on the lookout. 7) Don't let emotions get to you. Be stoic about losses because trading takes a toll on your sanity. Better to trade a couple of times during the day than to have market blips dictating your life--unless you're a professional trader. Set some sell and buy orders so you can take advantage of big price swings should they happen. 8) Don't trade at work or school (unless you're a pro). 9) Check if you filled in your order correctly before submitting. I've sold 30 BTC for $0.5 while it should have been the other way around (sell 0.5 BTC for $30). On multiple occasions. This strokes with 7) I hope this was useful, please leave comments/additional advice (I'm an OK trader but I want to improve myself). Thanks for your attention!
Hi guys! I have been developing a btc advicer bot that uses the technical indicator MACD to determine if you should hold/buy/sell. Everyday it sends out an email with advice. It is completely free and available at www.coine.xyz Feedback is appreciated!
Hello, I am from europe and I have been buying bitcoin on CEX.IO, after I buy I transfer to my private wallet. Seeming how bitcoin is pumping now I expect a dump somewhere, I would like to sell my bitcoin at the peak and rebuy. A YouTube I watch trades on prime XBT, but that does not appear to be a website you would want to trust. I was wondering if anyone here could share a trustworthy and reliable trading website that will not make me lose big amounts of money each trade as I would on CEX.IO and ould be well compatible with europeans. Thank you
06-14 01:44 - 'Contact us today for the best signal and account management advice that will aid you the maximum profit you need in your bitcoin trade #bitcoin' (i.redd.it) by /u/peubanks101 removed from /r/Bitcoin within 37-47min
I've been posting daily Bitcoin trading advice on one of my twitter accounts recently using a price to 60-day exponential moving average ratio. Links below. Advice: https://twitter.com/wbic32 Source: https://github.com/wbic16/wbic32 The algorithm looks for buy opportunities when the price is less than 75% of the moving average. It looks for sell opportunities when the moving average levels out and the price is above 95% of the moving average. I ran this algorithm against the S&P500, AAPL and Bitcoin over the last year. Example results if you had followed this sort of advice in 2014 (after tuning the volatility parameters):
S&P500: 3.8% better than dollar cost averaging
AAPL: 10 shares for an average of $48 ea, about half off
Bitcoin: 9 btc for an average cost of $320
I'd welcome any advice to improve the algorithm or comments you may have. Thanks!
11-12 12:43 - 'My advice out there is for you to be wise before you invest in any Bitcoin mining or ICO website. I was introduced into Bitcoin trading about 2 year and it has really helped my life. I don't confide in a portion of this int...' by /u/Mranonymoux removed from /r/Bitcoin within 71-81min
''' My advice out there is for you to be wise before you invest in any Bitcoin mining or ICO website. I was introduced into Bitcoin trading about 2 year and it has really helped my life. I don't confide in a portion of this intermediaries any longer. I lost $23k to an ICO investment scam ( pincoin). I was devastated, I tried everything to recuperate my funds but it wasn't possible. A friend of mine told me about a California based proficient hacker( anonymouxinvestigator (dot) com) who helped him recover his Bitcoin wallet. I was skeptical, I lost all hope but decided to give it a try because it's been six months . I didn't know how he did it , I got my funds back after 2 weeks, i was so surprised. I'd like to tell everyone who has been scammed, please don't give up on getting back your money. There's hope on the horizon ''' Context Link Go1dfish undelete link unreddit undelete link Author: Mranonymoux
Chris Dunn just gave away a load of bitcoin on Twitter!
Pro trader Chris Dunn just sent $50 each to more than 120 people on twitter! I happened to be one of the lucky winners, he's made my day! Generosity at its best and another demonstration to newbies of the beauty of digital currency technology. www.twitter.com/chrisdunntv Follow his bitcoin trading advice, he nails it 9/10. P.s. yes he probably had a little too much to drink tonight haha
CBOE Bitcoin Futures: Trading advice from a seasoned stock+options+forex trader
Disclaimer: This is only my opinion. Nobody knows what will happen in the future, but this is what I will be doing. TLDR: If you own Bitcoin already: don't sell. If you want to buy more, watch the market over the next few days (especially the next few hours) for good opportunities. I've been a professional (other people's money) stock, options, and FOREX day-trader for a few years, and have many more years of non-professional (my own money) experience. In about one hour (6PM Eastern Time), the Chicago Board Options Exchange will begin trading Bitcoin futures under the ticker XBT. A short explanation of futures trading: Traders bet on the future price on an asset, in this case Bitcoin. Instead of actually trading Bitcoin, they are trading contracts that give the right to buy or sell the asset at a certain price. Futures exist for many assets, including but not limited to Gold, Silver, Wheat, Corn, Soy, the S&P500, etc.... Read more on futures here.
What does this mean for Bitcoin?
The addition of this new security will make a big impact on Bitcoin trading. Bitcoin will see a huge increase in trading volume and, consequently, short-term volatility. Eventually, the addition of volume will cause the price to stabilize. However, the new traders will likely cause a frenzy of buying and selling that, for the near future, will cause huge spikes in both directions. Again, in the long-term, the price should stabilize from the additional liquidity, but the influx of traders will temporarily destabilize the market. Other than the price, the introduction of Bitcoin to mainstream traders will further support the growth of Bitcoin as a currency. I am very pro-Bitcoin long-term. Watch this video from Andreas Antonopoulos for his insight on the CBOE.
This is my opinion. I cannot predict the future with certainty, and there is a very good chance I will be wrong. Be smart with your trading to protect you when you're wrong. Today I sold about half of my Bitcoin at a profit after buying during yesterday's mini-correction. My plan is to hold the other half through the chaos. I am anticipating major price swings in both directions over the next few hours/days, so I intend to buy back the Bitcoin I sold if/when the price dips considerably. In the event that the price skyrockets, I still have half of my Bitcoin. In the event that the price tanks downwards, I can buy much more Bitcoin to bring my average Bitcoin price down significantly. If you already have Bitcoin, I suggest holding it tight. If you want to buy more, you may see some very good opportunities in the near future. Good luck! :) EDIT: Although futures trading started tonight, most traders will not engage in trading until tomorrow morning. Thanks for the gold!
Bitcoin Price Analysis: Macro Resistance Turned Support — Will it Hold? Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This price analysis is for informational purposes and should not be considered investment advice. Statements and financial in
Bitcoin Price Analysis: Macro Resistance Turned Support — Will it Hold? Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This price analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Inc sites do not necessarily reflect the opinion of BTC Inc. They should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results. UCBI banking
Bitcoin Trading - Advice From The Professional Trader. 07.10.2019. Bitcoin trading is a very popular process of buying or selling Bitcoin (so as other cryptocurrencies) on cryptocurrency exchanges like Binance, Kraken, BitMEX, etc. Cryptocurrency remains a hot topic for quite a while. This market is relatively new and is extremely fragmented. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Buy Bitcoin Worldwide does not offer legal advice. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Trading Risks. Bitcoin trading is exciting because of Bitcoin’s price movements, global nature, and 24/7 trading. It’s important, however, to understand the many risks that come with trading Bitcoin. Leaving Money on an Exchange. Perhaps one of the most famous events in Bitcoin’s history is the collapse of Mt. Gox. In Bitcoin’s early ... 7. Accept that Bitcoin is a volatile, high-risk opportunity. Finally, if you’re going to handle Bitcoin investing mentally, you need to get your head around the fact that it’s going to be a bumpy ride. The volatility in Bitcoin is enough to scare off even the most experienced of traditional investors. New Bitcoin & Altcoin Trading Tips For 2019 Ignore Financial News and Other Traders. Don’t waste your time reading the news. The vast majority of the published analysis and news posts you will find in the traditional press is biased or promoted by a particular company or group. Better to invest your time in learning the long-term trends by ...
Bitcoin Trading for Beginners (A Guide in Plain English ...
Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin trading is the act of buying low and selling high. Unlike investing, which means... Today bitcoin is the most popular cryptocurrency all over the world. Many people become rich with this bitcoin trading. If you really want to make money from... Great Free PDF to learn from: https://docs.google.com/document/d/15c3rN15rkXldY8Te3GDG4NG7noaaoikydOoZQlElwXw/edit Thank you guys so much for watching, make ... If you are Bitcoin traders and If you are a cryptocurrency trader, then you should know how you can earn more from Bitcoin trading or cryptocurrency trading.... The remainder – 3.5 million of all mined Bitcoin – is used for trading, primarily between exchanges. If you’re all confused about the numbers, let me put it in simpler terms.