How does crypto trading work?

BlackDesign

BlackDesign

Power Member
Joined
Sep 8, 2014
Messages
581
Reaction score
266
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 :)
 
Advertise on BHW
BlackDesign said:
Can anybody tell me how does crypto trading works?
Click to expand...
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.

BlackDesign said:
How can you tell which will provide more profit if all follow bitcoin?
Click to expand...
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.

BlackDesign said:
Does it based on arbitrage trading or not necessarily?
Click to expand...
Not necesarily
 
Buy when price is low and sell when high.
 
alurosu said:
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
Click to expand...
onlinemarketer12 said:
Buy when price is low and sell when high.
Click to expand...
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
 
BlackDesign said:
So seems like this is long term trading , is there day trading for crypto?
Click to expand...
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.
 
alurosu said:
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.
Click to expand...
treehorngroup said:
Yeah as alurosu told competing with bots in day trading is almost impossible. Check out some videos on YT about it.
Click to expand...
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?
 
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
 
Last edited:
BlackDesign said:
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?
Click to expand...

Philakone on youtube
& Francis Hunt's Crypto Sniper, Reset sniper and market sniper channels
 
Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.
 
i think it's better you learn before invest in something you don't know, it's not so easy
 
Advertise on BHW
You must log in or register to reply here.
Sign up now!

Main Menu

Home Main Forum List Black Hat SEO White Hat SEO BHW Newbie Guide Blogging Black Hat Tools Social Media Downloads

Marketplace

Account Selling Content / Copywriting EBooks / Methods Hosting Misc Proxies For Sale SEO - Link building SEO - Packages Social Media Social Media - Panels Web Design More

Making Money

Affiliate Programs Hire a Freelancer IM Journeys Making Money Pay Per Click Site Flipping Want to Buy

BlackHat World

Dispute Resolution Forum Suggestions & Feedback Introductions Lounge
Back
Top