What are some bitcoin trading strategies? can I start bitcoin day trading?

Bitcoin is not incredibly hard to trade, but it is volatile. Don’t overleverage. Personally I find lending out your funds on exchanges (for others to margin trade) a much more robust way of making money than trading. I speak from experience .

Bitcoin is a currency much like any other, albeit digital. It can be saved, spent, invested, and even stolen. The rise of Bitcoin, the most widely circulated cryptocurrency, began in 2009 by someone (or someones) using the alias Satoshi Nakamoto. It came to prominence earlier this year when its value suddenly jumped.

Bitcoin trade and exchanges -Just like physical currency exchanges or trade. You’re essentially buying one currency with another. The relative value of a nation’s physical currency is a reflection of the country’s economic and financial health, especially since we moved off of the gold standard. The U.S. dollar, for example, is worth more than that of the Mexican peso due to the discrepancies between the two countries’ economies—therefore you can buy lots of pesos for very few dollars (the dollars being relatively more valuable).The same holds true for Bitcoin, except that its value comes not from an industrial economic base but from the work performed by your computer. That means it can be traded like a commodity, no different than pork bellies or Florida oranges.

CEX.IO Bitcoin Exchange

In my opinion, the best way to start trading bitcoin and crypto is to trade on Poloniex since it is the most comprehensive crypto exchange in the world. Trading with Bitcoins today is every hugh market, since you just don’t trade only with cryptocurrencies but also stocks, commodities, forex and other ways to make money.  keep learning about the new markets, crypto or not, doesn’t matter, the important thing is to learn: learn for example about Namecoin, Litecoin, Ethereum, Mastercoin. Don’t stop ir and keep learning about crypto-startups, possibilities of invest at the blockchain, bitcoin hedge funds. Digital currency are of the view that it facilitates a much faster, no-fee payment system for transactions across the globe. The virtual currency can be exchanged for traditional currencies and its exchange rate against the dollar attracts potential investors.

Changelly

Here is, one of the best user interfaces exchange. Every step has been simplified and explained in details, allowing new users to start trading in no time. The website is fast and intuitive, and everything works like a charm. They also have a great API, which serves a large number of traders. The exchange also offers Turbo trading, a sort of binary options gambling. Users predict will the price rise or decline within a given time period (usually 1 to 5 minutes). If the user is correct, it makes a profit If not, it loses the amount invested. Use bitcoin to go long or short cryptos, stocks, forex, cryptos, and commodities up to 100x leverage. No banks, fully anonymous, and zero-fee trading

Interestingly enough, it doesn’t require identity verification at all. That makes it one of the rare exchanges that do not require any sort of verification. The exchange has a strict “no fiat” policy meaning they don’t use the banks or any similar traditional institutions or fiat currencies in their operations.

In conclusion, It may be risky a little bit but worth it to wait. Risky in some part because if you invest on the wrong coin you must say goodbye to your money, it is to lose a money there if you don’t know what trading is, be sure that you know what you are entering. If you know all the aspects then expect a very big of profit when you invest to the right coin.

Changelly

CEX.IO Bitcoin Exchange

Leave a Comment