How does crypto trading work?

[BlackDesign]

Can anybody tell me how does crypto trading works?
How can you tell which will provide more profit if all follow bitcoin?
Does it based on arbitrage trading or not necessarily?

Hope somebody can help me, thanks

 

[alurosu]

Can anybody tell me how does crypto trading works?

It works just like buying any other stock. For example if you trust tesla, you buy the TSLA stock. Same goes for crypto. You research the project and put money where you see potential.

How can you tell which will provide more profit if all follow bitcoin?

You can pair most coins vs BTC and see they are not a straight line. Big moves are in sync, but they are growing independently as well.

Does it based on arbitrage trading or not necessarily?

Not necesarily

 

[onlinemarketer12]

Buy when price is low and sell when high.

 

[BlackDesign]

It works just like buying any other stock. For example if you trust tesla, you buy the TSLA stock. Same goes for crypto. You research the project and put money where you see potential.


You can pair most coins vs BTC and see they are not a straight line. Big moves are in sync, but they are growing independently as well.


Not necesarily

Buy when price is low and sell when high.

Thank you for your answer guys ,
So seems like this is long term trading , is there day trading for crypto?
I'm looking to study arbitrage trading / day trading of crypto currency and if you have any idea where can I start that could be great

 

[alurosu]

So seems like this is long term trading , is there day trading for crypto?

There is day trading, but it's wild out there. It's a new market and logic doesn't really apply all the time. Also you can't compete with trading bots. That's my opinion at least.

 

[treehorngroup]

Yeah as alurosu told competing with bots in day trading is almost impossible. Check out some videos on YT about it.

 

[BlackDesign]

There is day trading, but it's wild out there. It's a new market and logic doesn't really apply all the time. Also you can't compete with trading bots. That's my opinion at least.

Yeah as alurosu told competing with bots in day trading is almost impossible. Check out some videos on YT about it.

Actually my plan was to learn the market and eventually create a bot of myself if the field is somehow safe and can be profitable
Thank you I will look into that on youtube , any recommended channels?

 

[Spotix]

Buy low sell high

 

[alurosu]

Buy low sell high

I thought you buy high and sell low. Weird ..

 

[mconur]

Same as stocks, but it's 24/7 and more volatile

 

[goku555]

Eliott Wave theory is a good start since the crypto markets are not manipulated... YET
the waves are more natural and form correctly
What i do is look for a good opportunity when things are high on the hourly candlestick chart then check the 5 minute then sell then buy back an hour later and increase my litecoin units slowly day by day. Gotta be extremely careful though. Some nights its hard to sleep thinking i may need to have sold but holding is always safe long term

uh and becareful holding USDT known as Tether which is usd to crypto pairing LTC/USDT or BTC/USDT etc it may crash one day. so always set a buy order low when you are sleeping if you do a short and hold it while sleepin

AND NEVER use a software wallet on your phone to store your crypto and use 2 factor authentication on EVERYTHING crypto related or you will be hacked
use hardware wallet and verify that is indeed from the verified seller not a swap or fake OR use a paper wallet

 

[goku555]

Actually my plan was to learn the market and eventually create a bot of myself if the field is somehow safe and can be profitable
Thank you I will look into that on youtube , any recommended channels?

Philakone on youtube
& Francis Hunt's Crypto Sniper, Reset sniper and market sniper channels

 

[Alexa Blish]

Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.

 

[botsignal]

i think it's better you learn before invest in something you don't know, it's not so easy

 

[AlexLaw911]

Check twiter thats where the best info can be found!