fine pointers there RonCar.
My 2 pennies
Pick out multiple markets and read about arbitrage here
A micro and quick intro,
An arbitrageur would short sell the higher priced stock and buy the lower priced one. The profit is the spread between the two assets.
If you fund the exchange with btc almost non deposit fees will be charged. Most off the times a btc redraw wont cost much either. Fiat fundings/redraws could be indeed tuff.it will give you more losses than profit because of the deposit fees in exchanges.
Yes this is a good tip for all as we cannot say when will exchanges be compromised. If possible, large amounts should be returned to own wallet after using exchanges.Never store all your money on one exchange either. Best to keep money off exchange but barely anyone does that, so at least keep it spread across several sites so if one goes under you are not totally fucked.
This is actually my habit, after gaining a large amount of trading or shall we say have big profits i directly withdraw it on my own wallet and dont tend to put all on exchanger wallet. Its better to be cautious to our bitcoins.Yes this is a good tip for all as we cannot say when will exchanges be compromised. If possible, large amounts should be returned to own wallet after using exchanges.Never store all your money on one exchange either. Best to keep money off exchange but barely anyone does that, so at least keep it spread across several sites so if one goes under you are not totally fucked.
That would be cool but I dont have video editing skills, that would encourage more users so that they would not be dismayed after being scammed by so many p&d altcoins and exchangesI think the need to add some video for an explanation, probably will look attractive and cool
Agree, these options are the major things that you must implement it to your self when you engage into trading especially when you are a newbie , dont listen on others recommendations or hypes.Your last point is very important:
5. Do not be swayed easily by trolls
A. Do Your Own Research (DYOR)
There are a lot of people promoting pumps and dumps in many places, Reddit, Skype, Telegram, Slack, Forums, etc...
Do never listen to any of them, if they are pumping is because they want to eventually sell and you'll be left bagholding if you don't get out on time.
If they are promoting a dump is because they want to buy coins cheaper so they hope people will sell their positions to then pump it back up and profit. You will lose an opportunity in that case.
If you really want to trade don't just go by what people says. Learn how to read charts and how they work. Professional traders have spent years studying and learning and observing market dynamics and trends. If you are not good at it then stay out of it.
This. very important. just like what happened to bitfinexNever store all your money on one exchange either. Best to keep money off exchange but barely anyone does that, so at least keep it spread across several sites so if one goes under you are not totally fucked.
yeah a lot to learn to be better at least to share here for novice people who jump into trading site, it is important to note that the experience is a good teacher, cheersThanks for all the comments, I agree that doing research is most important practice every investor should do as I have been a victim by other pump and dump altcoins in my early stage of learning cryptocurrency, and that exchange is very well known of having so much trolls too..
1 btc per week ? it seem so hard to get it at yobitGood post . But need one more post for newbies .After read this post you need to search for "Full Bitcoin trading guide" . You can get a good post on trading here:http://coinduet.com/index.php?p=/discus ... ding-guide or search on google.
Thanks, it really help for newbieHello guys this is my suggestion for newbie who wants to trade, I'm not an expert but hope this would help you
1. Find a known and good reputation exchange. Example: Poloniex at Bittrex. Why?
A. There are many exchange sites that has many pump & dump coins
B. These kind of exchange have a high standard of accepting coins
C. They have huge volume so trades are moving constantly
2. Find and search about the coin you want to buy. Example: bitcoin, ltc, eth, etc.
A. Pick old coins that still exists and active to date
B. High Market Capitalization
C. High Volume in exchange
D. Original concepts and active developers
3. Do not buy at the peak price
A. Check the daily or weekly details of its high and low trades
B. Now the saying "Buy low and Sell High" will took place
C. If possible, buy while it still have negative change status if you know the trending will go up
4. Try not to invest in one coin
A. You need to have alternative coin in trading so that your investment will not be stucked while waiting for uptrend
5. Do not be swayed easily by trolls
A. Do Your Own Research (DYOR)
Happy Trading
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