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Author Topic: Trading tips need  (Read 761 times)

reliablenottaway

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Trading tips need
« on: March 20, 2018, 09:48:10 AM »
Hello!
I am just getting into cryptos and I would like to engage into trade. Therefore, wanted to ask some experienced traders for some tips on how to learn the trading process and how to start trading!
Will appreciate all the help!

xeonhp

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Re: Trading tips need
« Reply #1 on: March 27, 2018, 11:24:56 PM »
Best tip: DON'T TRADE

CryptoFiend

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Re: Trading tips need
« Reply #2 on: March 28, 2018, 08:35:16 AM »
A few small tips:

Never FOMO into a coin (don't buy just because it's going up)
Get to know to coin inflation rate and maximum supply
Zoom out on charts - see where it's at in it's market cycle - don't just look at the past 24 hours
Never invest more than you can afford to lose (you'll hear this about 10 times per week on Twitter/forums)

secco

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  • Re: Trading tips need
    « Reply #3 on: March 29, 2018, 10:34:31 PM »
    buy on dip, though it is hard to determine where is the real floor...
    Hacker, Pirate, Milf Hunter, Owner of Bitcoin Garden

    CharlesGibson

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    Re: Trading tips need
    « Reply #4 on: April 02, 2018, 09:49:53 AM »

                Ether cryptocurrency to be capped? Ethereum founder Vitalik Buterin has made an EIP (Ethereum Investment Proposal) to put a cap on Ethereum cryptocurrency. He suggests to cap it to 120,204,432 which is 2x the number of ethereum sold in its sale in 2014. Vitalik believes this move will bring the much required economic sustainability to the cryptocurrency. Ethereum is soon going to ditch the proof-of-work model and implement a sort of proof-of-stake algorithm called Casper. Do you guys think this is a wise move?

    lippiestick

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    Re: Trading tips need
    « Reply #5 on: April 04, 2018, 05:29:59 PM »
    Why do people say that it's not good to trade? What if you don't know how to mine or you don't know where to start and someone is trying to sell you their crypto? Shouldn't you get it? I understand if it's from a total stranger and you're a first-timer so you better not, but from a friend? Is it worth the risk?

    By the way, where's a good trading platform where one can observe and possibly start buying then trading? :D

    acceptrandom

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    Re: Trading tips need
    « Reply #6 on: April 06, 2018, 01:01:16 PM »
    Hey, you should start looking some videos on youtube, about people who have experiences in cryptocurrency. Also, you can try to learn about economy in general ;)

    Ethuipna

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    Re: Trading tips need
    « Reply #7 on: April 08, 2018, 09:13:24 PM »
    i'm in
    "Opportunities don't happen, you create them." --Chris Grosser

    CharlesGibson

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    Re: Trading tips need
    « Reply #8 on: April 09, 2018, 12:38:35 PM »
    How To Protect Your Crypto Holdings With A Private Wallet:

    With Bitcoin, Litecoin, and other cryptocurrencies hogging the headlines almost every day, crypto security has never been more important. At this rate, it is extremely vital for cryptocurrency investors (many of them testing the waters for the first time), merchants and users to learn and protect their holdings with a private wallet.

    Unfortunately, many seem to be unaware of the concept, since most exchanges tend to hold your coins for you, instead of giving you complete access. Let’s understand a private wallet better first.
    What is a private cryptocurrency wallet?
    A private wallet is one that you get to control your funds, unlike the wallets of exchanges where you transact. A private wallet works like any other cryptocurrency wallet — it is used to store, send and accept cryptocurrencies.
    Fundamentally, every cryptocurrency wallet contains (and lets you access) a public and private keys, which are used to send and receive your coins.
    What’s a public key, you ask?
    A public key can be thought of as an equivalent to your bank account number. A public key is the address by which others can transfer funds to your wallet. It’s also the address by which others can see the source of the funds they receive. It’s perfectly safe to share your public key with others — as it’s essential to complete a transaction.

    (Source: 99bitcoins.com)
    On the other hand, a private key is different. Think of it like your banking PIN. It is used along with the public key to create a permanent unique message signature when executing transactions. The private key must be kept secret; otherwise, anyone can access the money in your wallet. These public and private keys are mathematically linked when creating identities, signing messages, and validating signatures. Losing the private key can lead to loss of funds, access to unauthorized hacking and many other mishaps.
    Ever noticed how you don’t need to enter a private key when transacting on exchanges? It’s because they hold the private key to these wallets, not you. The wallet belongs to them, and so do the funds in it.
    Exchange wallets are of two types: hot wallets and cold wallets. Think of hot storage as carrying money in your wallet everyday, whereas cold storage refers to your savings in your bank account. Hot wallets are therefore faster and easier for exchanges to access — like taking out notes from your wallet. Cold storage would involve additional steps before moving your funds.
    Exchanges keep a certain portion of their (i.e their users’) coins in hot storage for quick transfers and withdrawals. These wallets are connected to the internet and can be used to move funds quickly. On the other hand, a cold storage is meant for long term holdings. They are the most secure forms of crypto storage and include wallets like hardware wallets and paper wallets.
    The Importance of private wallets
    With all the hype building up around cryptocurrencies, there’s real danger building up around illegal hacking and thievery on wallets. Many exchanges across the globe have been victims to stolen funds — some as high as $400 million only recently.
    Why does this happen? Because you’re never truly owning your coins when you leave them at the exchange. The security here is only as strong as the exchange’s best practice.
    Let’s understand this with an example. Say you move 1 BTC to an exchange, to sell it and buy another cryptocurrency of your choice — such as Monero, or Ripple. Once you’ve completed the trade — your coins rely on the exchange’s wallet. If this exchange were to be hacked or shut down, you’d lose your coins with it. There’s no recourse in such scenarios.
    It is therefore extremely important to ensure that your money is safe, secure and avoids falling into the wrong hands — and an exchange — where you do not have access to your private key — isn’t the best place.

    Opting for offline methods of storage (cold storage: hardware wallets, paper wallets etc.) can serve to be more useful when it comes to cryptocurrency safety. You can get a hold of a private wallet depending on the cryptocurrency you hold. For many — a hardware wallet like Trezor or Ledger is ideal, as it can hold a large number of cryptocurrencies in one unit. For software wallets — it is best to locate them from their official websites — such as Bitcoin’s or Ethereum’s. Here are a few reasons why you must own a private wallets for your cryptocurrencies:
    Only you have the control over the private keys.
    They provide you access to your money, anytime and anywhere.
    Cold storage wallets prevent illegal hacks into your currencies.
    They are user-friendly and even portable.
    Introducing CoinSwitch
    While cryptocurrency exchanges offer users the option to move coins to their own wallets, security is best achieved when it isn’t optional. This is where CoinSwitch comes in. CoinSwitch mandates that all transactions users perform on its platform involve a their own wallet address. This ensures that your coins are in your wallet at the end of every transaction. It’s mandatory security with no workaround to it.
    Additionally, with the increasing number of cryptocurrencies hitting the markets, many are understandably interested in coins that may not be traded directly on their preferred exchanges. There is then a need for a tool like CoinSwitch, which allows users to trade multiple cryptocurrencies for another in a reliable way.
    CoinSwitch is an aggregator for cryptocurrency exchanges. It aggregates and lists more than 250 cryptocurrencies trading across the best exchanges. Of course, this includes Bitcoin, Litecoin, Ethereum, Bitcoin Cash and more. And it solves multiple user problems at once:
    Security: At CoinSwitch, you can complete your trade by sending coins from one wallet and receiving them back in your own wallet. At no point do you have to leave your coins on the exchange. Instead, you get to keep them in your own private wallet.
    Rates: With access to multiple exchanges across the world — include major ones such as Shapeshift and Changelly, Cryptopia, Bittrex you’re guaranteed the best rates at any given point of time. Forget having to check multiple exchanges to get the best deal.
    The best part is that your funds do not suffer any kind of custodial risks because you don’t need to keep the coins at the exchange.
    These trades can be done in easy, simple steps. All you will have to do is:
    Enter your wallet address
    Enter the exact amount of cryptocurrency to convert
    Select the exchange type
    Convert
    Track your conversion
    Here is the step by step guide to exchange coins from CoinSwitch: https://blog[dot]coinswitch [dot] co/coin switch-exchange-tutorial-274acaca10a9
    You’re not only converting your cryptocurrencies easily, but also moving them into your own wallet — even those that aren’t available on your exchanges.
    Protect your coins with the right wallets and avoid situations of money losses and its misfortunes.

    CharlesGibson

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    Re: Trading tips need
    « Reply #9 on: April 10, 2018, 10:11:16 AM »
    CoinSwitch Adds 31 New Coins

    We are happy to announce that we are adding 31 new coins. Now you can instantly exchange these coins from CoinSwitch.co.
    Following is the list of the newly added coins:
    GladiusToken(GLA)
    UTRUST(UTK)
    Fortuna(FOTA)
    Odyssey(OCN)
    Blockport(BPT)
    Zeepin(ZPT)
    Oyster(PRL)
    Achain(ACT)
    RChain(RHOC)
    THEKEY(TKY)
    Dent(DENT)
    DeepOnion(ONION)
    carVertical(CV)
    SingularityNET(AGI)
    QLINK(QLC)
    Trinity Network Credit(TNC)
    KickCoin(KICK)
    Dragonchain(DRGN)
    IHT Real Estate Protocol(IHT)
    DeepBrain Chain(DBC)
    LATOKEN(LA)
    DADI(DADI)
    Electrify.Asia(ELEC)
    Telcoin(TEL)
    KuCoin Shares(KCS)
    BOScoin(BOS)
    Credits(CS)
    Loom Network(LOOM)
    Jibrel Network(JNT)
    TrueFlip(TFL)
    Polymath(POLY)
    This development comes in as a part of our commitment to provide our users with access to exchange most cryptocurrencies on our platform. In the coming weeks, we will be adding support for more exchanges and coins.
    Here is a 90-second video guide on how to exchange coins on CoinSwitch:

    About CoinSwitch:
    CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator. It provides exchange service of 275+ coins and over 45,000 pairs from leading exchanges like KuCoin, Bittrex, Cryptopia, ShapeShift, Changelly, Evercoin, Changer, and KuCoin. It provides an easy way for users to trade coins across multiple exchanges based on price and reliability.
    Please do write us to [email protected] if you have any queries.
    Happy switching :)

    fgshevchenko

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    Re: Trading tips need
    « Reply #10 on: April 10, 2018, 11:25:35 AM »
    Hello
    I want to buy tokens in ico.
    who heard about it ico https://paladium.cc
    Promise x10 by the end of the year

    CharlesGibson

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    Re: Trading tips need
    « Reply #11 on: April 11, 2018, 01:08:12 PM »
    How To Use MyEtherWallet

    A private wallet is essential to storing your crypto assets safely. While simple private wallet solutions may not be possible for all cryptocurrencies, Ether and all other ERC20 tokens are in luck. MyEtherWallet is a minimalistic yet versatile online Ether wallet generator that can also be used as a chrome extension or even offline. The website design is simple, sharp and aesthetically pleasing. Users are guided along every step of the way, with prominent instructions and conspicuous reminders to adopt best practices in se your Ecuringther wallet. What’s more! You can do a whole lot of other things with the service:
    Send and receive Ether and Ether based ERC-20 tokens like TRX, GNT, VEN, ICX etc.
    Swap Ether for Bitcoin and Augur (or swap Bitcoin for Ether and Augur. Augur is a cryptocurrency used in a platform that lets you bet on event outcomes. It has become a successful token in its own right.)
    Create unique names (domains) to represent your Ether wallet address through the Ethereum Name Service (ENS).
    Buy or sell domain names using the Domain Sale service.
    Create your own Smart Contracts.
    Of these, basic users most commonly create new wallets, transfer Ether and Ether based tokens and access wallet info. Here’s a step by step guide to how you can use MyEtherWallet to create your own Ether wallet, transfer tokens and view information about your wallet.
    Creating a new Ether wallet
    Creating a new Ether wallet on MyEtherWallet can be done in a few simple steps:
    Step 1: Visit MyEtherWallet. By default, the ‘New Wallet’ tab is selected when you visit the site.

    Step 2: Type in a password (at least 9 characters — one that you can easily remember) and select the ‘Create New Wallet’ button. Write down the password in two or three different papers/notebooks and store the papers/notebooks safely, in separate places. You’ll need this password to access Ether and Ether based tokens in your wallet.

    Step 3: Download the Key-store file. This is your private key (needed to spend Ether and Ether based tokens in your wallet) encrypted by the password you provided previously. You need to enter your password to decrypt and access the private key. This prevents your private key from being accessed by hackers as long as you don’t divulge your password. Store the Key-store file in two or three offline storage devices (eg. USB drives). You can use this Key-store file later to view your wallet address or send Ether or Ether based tokens on MyEtherWallet. You can also use this Keystore file to access your Ether wallet on other Ether wallet clients such as Mist, Geth, Parity etc.
    Select ‘I understand. Continue’ after downloading the Key-store file.

    Step 4: Save your unencrypted private key from this page. You can also print out a paper wallet that has a QR code representing your wallet’s private key and also the private key in plain text. Store the private key in two or three offline devices or better yet, write it down on a piece of paper. Print 2 to 3 copies of the paper wallet and store them separately in safe places. Select ‘save your address’ to view your public wallet address on the next page.

    Step 5: Access your public Ether address by choosing to either enter your private key or upload the previously downloaded KeyStore file. The public address is like your ID on the Ethereum Blockchain. Crypto tokens need to be sent to this address.

    Enter private key to access your wallet and view wallet information. You can also upload the Key-store file to access your wallet

    Enter your password after uploading your Key-store file.
    Your wallet details including the wallet address and amount of Ether held in the wallet is shown now.

    Copy the public address and send to someone to receive coins to this address. If the balance is updated after you send Ether tokens, you’ve got the public address right.
    You’ve successfully created your own Ether wallet now! You can port this wallet onto a number of wallet clients like Geth, Mist and Parity. You can also port the generated wallet onto hardware cryptocurrency storage devices like Trezor and Ledger.
    Supported tokens
    MyEtherWallet supports Ether, Ethereum Classic and all Ether based crypto tokens launched on the Ethereum Blockchain (ERC-20 Standard tokens).

    To view Ether based crypto tokens stored in your wallet, add them from a scroll down list. If the crypto token you have is not listed, select ‘Add Custom Token’ and follow steps provided by MyEtherWallet to add the specific Ether based crypto token to your wallet for easy tracking.
    Following are the major tokens supported by MyEtherWallet:
    Gladius Token (GLA), DigixDAO (DGD), Simple Token (OST), Edgeless (EDG), Decentraland (MANA), OmiseGo (OMG), iExec RLC (RLC), Enjin Coin (ENJ), Ripio Credit Network (RCN), ETHLend (LEND), Etherparty (FUEL), Storj (STORJ), WeTrust (TRST), Request Network (REQ), Numeraire (NMR), Status (SNT), Icon (ICX), AdEx (ADX), BlockCat (BKCAT), ChatCoin (CHAT), Salt (SALT), SingularDTV (SNGLS), VeChain (VEN), District0x (DNT), Humaniq (HMQ), Iconomi (ICN), Augur (REP), Vibe (VIBE), Cindicator (CND), Walton (WTC), Populous (PPT), Quantum Resistant Ledger (QRL), Gnosis (GNO), Golem (GNT), Civic (CVC), EOS (EOS), Basic Attention Token (BAT), 0x (ZRX), Power Ledger (POWR), Genesis Vision (GVT), Po.et (POE), TokenCard (TKN), Wings (WINGS), Raiden Network Token (RDN), OAX (OAX), Kyber Network (KNC), AirSwap (AST), Ambrosus (AMB), Blocktix (TIX), IOStoken (IOST), Blockport (BPT), Oyster (PRL), RChain (RHOC), Dent (DENT), Aion (AION), CyberMiles (CMT), Gifto (GTO), Time New Bank (TNB), TenX (PAY), ChainLink (LINK), Centra (CTR), Zilliqa (ZIL), Nucleus Vision (NCASH), Nuls (NULS), WAX (WAX), True USD (TUSD), SIRIN LABS Token (SRN), carVertical (CV), SingularityNET (AGI), Bluzelle (BLZ), YOYOW (YOYOW), KickCoin (KICK), Dragonchain (DRGN), IHT Real Estate Protocol (IHT), BlockMason Credit Protocol (BCPT), Tron (TRX), KuCoin Shares (KCS), Credits (CS), Loom Network (LOOM), Jibrel Network (JNT), Polymath (POLY)
    Sending crypto tokens
    Send crypto tokens from your wallet by selecting the ‘Send Ether and tokens’ tab.
    Access your wallet by one of these methods — connect hardware storage devices Trezor or Ledger, enter your private key, upload Keystore file, enter mnemonic provided by some wallet clients.

    Paste the Ether address in the ‘To’ box, choose the the amount to be sent and select ‘Generate Transaction’. Gas limit and Gas price (GWEI) determine how fast your transaction is processed by miners (people who encrypt cryptocurrency transactions). For information on manually setting up Gas price and limit, visit MyEtherWallet’s section on these topics.
    Loaded with all these features, it is surprising that MyEtherWallet is a free service. The wallet generated can be ported to and used on other clients and devices making the service more valuable. Leading crypto exchange aggregator Coinswitch also supports Ether wallet addresses generated by MyEtherWallet. You can send Ether and other Ether based crypto tokens earned from cryptocurrency swaps on Coinswitch to Ether addresses generated on MyEtherWallet. Coinswitch supports 250 crypto tokens and exchanges between 6000 unique crypto token pairs. If you’re looking for some cool Ether based tokens, find them at Coinswitch.co.
    Happy switching :)

    MikelZero

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    Re: Trading tips need
    « Reply #12 on: April 15, 2018, 06:59:31 PM »
    One of the best and reliable tip when trading is buy when the price is low and sell when the price is high.

    Lacryptic

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    Re: Trading tips need
    « Reply #13 on: April 17, 2018, 01:54:11 PM »
    Effectively diversify investments, use exchanges only for exchange. Once you bought a crypto currency, transfer money from the exchange to a purse that you control only.

    acceptrandom

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    Re: Trading tips need
    « Reply #14 on: May 07, 2018, 02:54:59 PM »
    One of the best and reliable tip when trading is buy when the price is low and sell when the price is high.

    Haha, if it was simple everyone would do it :D

     

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