CryptoCoinsInfoClub.com

Understanding Cryptocurrency Trading

Beginners Guide To Cryptocurrency Trading (how To Makeprofit)

Beginners Guide To Cryptocurrency Trading (how To Makeprofit)

Cryptocurrency & Blockchain enthusiast. Founder of www.livemarketcap.com ; Beginners Guide to Cryptocurrency Trading (How to MakeProfit) Some cryptocurrency traders may forget about traps existing on trading platforms. In order to help beginners to avoid it and start to make first money from trading, in this short article Ive listed the most important tips. 1. Theory. Before your first deal on a trading platform I strongly recommend you to have basic knowledges. Learn or ask about Candlestick Chart (also called Japanese Candlestick Chart), Order Book, Spread and Depth Charts. You also must understand different order types. I will cover it in next articles. 2. Cryptocurrency platform fees. Different trading platforms have different fees. Using some of them you will pay a percentage of each deal, using another ones you will pay for income and outcome (payout) transactions. Understand platform rules before starting use it. 3. Technical analysis. Remember, the technical analysis is based on the information from the past. Dont even try to predict the future cryptocurrency prices, no one knows it. 4. Arbitration. Some traders could think its very easy to make profit from the difference of the prices on 2 platforms. Yes, it could be possible but dont forget about hidden dangers. The main problem, during the operation the exchange rate can significantly change. You can minify the risk if you will have fiat money and cryptocurrency on both platforms. There are few other problems such as small available volumes for the price you are interested on, orders execution delays, transactions fees. 5. Distribution. To minify possible risks, its better to distribute your money into different cryptocurrencies. For exemple, in your wallet you can have 40% bitcoin, 25% ethereum, 20% bitcoin Continue reading >>

Cryptocurrency Trading: Understanding Cryptocurrency Trading Pairs & How It Works

Cryptocurrency Trading: Understanding Cryptocurrency Trading Pairs & How It Works

Cryptocurrency Trading: Understanding Cryptocurrency Trading Pairs & How it Works The basics By Aziz, Founder of Master the Crypto No responses Home Bitcoin Cryptocurrency Trading: Understanding Cryptocurrency Trading Pairs & How it Works This article explains the basics of understanding Cryptocurrency trading pairs and how it works, which represents a key element in Cryptocurrency trading. Delving into the crypto world is extremely intimidating, especially when youre dealing with a subject matter that is naturally complex. Not only do you have to deal with the complexities of understanding the tech behind cryptocurrencies, but youd also have to deal with the difficulty in knowing the intricacies of trading cryptocurrencies. Like it or not, anyone who wants to enter the Crypto world MUST have a basic understanding of how to trade. Why? Because if you want to own cryptocurrencies, you must know how to buy or sell them in an exchange, what factors to look out for and how to manage your coins, amongst other things. (See more: 4 Reasons Why Now is the Best Time for You to Invest in Cryptocurrencies ) Before going into the specifics, its important to understand the general overview of the Cryptocurrency trading process: Cryptocurrency Trading: Understanding Cryptocurrency Trading Pairs & How it WorksPowered by Master The Crypto The first stage entails buying the base currency of the Cryptocurrency world, in the form of Bitcoin using your domestic currency. Heres a helpful guide: Crypto Guide 101: Choosing The Best Cryptocurrency Exchange . A base currency is defined as the common currency against which all Cryptocurrencies are quoted in There are more than 1,200 cryptocurrencies in existence, in which all of these coins c Continue reading >>

Understanding Bitcoin Price Charts

Understanding Bitcoin Price Charts

CoinDesk Launches 2017 Year in Review Opinion and Analysis Series Whether you already own bitcoin or plan to get some, sooner or later youll want to know how much the cryptocoins are worth when converted to your currency of choice . Later, you may want to know whether to hang onto your coins or to sell them hopefully making a little profit in the process. However, analyzing price charts and understanding trading terms from the financial world can be rather daunting, especially for the beginner. This guide serves as a useful primer of the basics. The best place to find out the latest price of bitcoin (currency symbol: BTC or XBT) is the exchange you bought them from ( Bitstamp , Bitfinex and BTC-e being the most popular exchanges at the moment), or Coindesks own Bitcoin Price Index . Knowing bitcoins current price is one thing, but pretty soon youll want to know where prices will go in the future. Forecasting price movements of anything traded at an exchange is a risky probabilities game nobody is right all the time. Many traders have lost lots of money, if not their life savings, into such attempts. The two main approaches to predicting price development are called fundamental analysis and technical analysis . While fundamental analysis examines the underlying forces of an economy, a company or a security, technical analysis attempts to forecast the direction of prices based on past market data, primarily historical prices and volumes found on price charts. To perform technical analysis on bitcoin price and volume history, youll need bitcoin price charts that display data in a more readable manner than just plain number tables. Good places to start are the charts on Coindesks Bitcoin Price Index . The most basic type of price chart displays prices as a line: Closing pr Continue reading >>

The Total Beginner's Guide To Cryptocurrency Trading (bitcoin, Ether And More) - Trading Heroes

The Total Beginner's Guide To Cryptocurrency Trading (bitcoin, Ether And More) - Trading Heroes

Home Cryptocurrency Trading The Total Beginners Guide to Cryptocurrency Trading (Bitcoin, Ether and More) The Total Beginners Guide to Cryptocurrency Trading (Bitcoin, Ether and More) As traders, our job is to take advantage of opportunities in the markets. Sometimes, these opportunitiescome in the form of entirely new markets. I've been interested in cryptocurrencies for a few years now, but I've been very reluctant to trade them, much less write about trading them. I felt that there was just too much risk. and quite frankly, I didn't understand them well enough myself. The first time that I saw them as viable for trading was when I went to this conference . I saw Chris Dunn talk about trading Bitcoin, but Iwas still skeptical that itwould stay around for the long-term. I credit my friend for talking to me about it on Twitter and opening my eyes to the potential in trading this emerging market. I'm not sure if he wants to be named, but you know who you are. I sincerely appreciate the education and helping me see the light! This is a perfect example of the benefit of staying in touch with other traders on platforms like Twitter . Anyway, as I have done more research and have actually started trading them, I have found that there are tremendous opportunties. With somecoins, it's potentially like being able to get pre-IPO shares of Microsoft. There will probably be losses of that magnitude too. That's just how these new technologies work. So in this post, I want to share with you my knowledge of the cryptocurrency markets and give you a total beginner's guide to trading them. Be sure to bookmark this page because I'll continually update the information, as things change. For you crypto veterans, this will be very simplified, but my goal is to make this information as eas Continue reading >>

Understanding The Cryptocurrency Market - Blockchain Technology Explained | Toptal

Understanding The Cryptocurrency Market - Blockchain Technology Explained | Toptal

Cryptocurrency Market Size and Technology The market cap of Bitcoin exceeded $70 billion , with peak trading volumes around $3 billion per day. Technology consulting firm CB Insights has identified 27 ways blockchain can fundamentally change processes as diverse as banking, cybersecurity, voting, and academics. The World Economic Forum estimates that by 2027, 10% of global GDP will be stored on blockchain technology. Most mining pools are located in China, comprising more than 70% of total Bitcoin mining. China manufactures most cryptocurrency mining equipment and leverages the countrys cheap electricity prices. There are over 1,000 cryptocurrencies in existence right now (called "altcoins"); over 600 have market capitalizations of over $100,000. Bitcoins market share has fallen from 81% in June 2016 to 41% one year later, in June 2017. However, Bitcoins price has continued to soar. In August 2017, Ethers market capitalization was around $28 billion. At one point, commentators anticipated that Ethers market capitalization would surpass that of Bitcoin (the " flippening "). However, issues with Ethereum technology have since caused its value to decline. Supply and demand matters. The rate of increase of the supply of Bitcoin will decrease until the number of Bitcoin reaches 21 million, which is expected to take place in the year 2140 . Similarly, the supply of Litecoin will be capped at 84 million units . Initial coin offerings are trending right now. This year, former Mozilla CEO Brendan Eich raised $35 million from an ICO in less than 30 seconds , and Bancor Protocol raised $153 million in under three hours . Blockchain-related projects have raised more than $1.6 billion via ICOs to date, while venture capitalists have provided only $550 million for cryptocurrency com Continue reading >>

What Is Cryptocurrency: Everything You Need To Know [ultimate Guide]

What Is Cryptocurrency: Everything You Need To Know [ultimate Guide]

What is Cryptocurrency: Everything You Need To Know [Ultimate Guide] Angel Investors, Startups & Blockchain developers... What is cryptocurrency:  21st-century unicorn – or the money of the future? This introduction explains the most important thing about cryptocurrencies. After you‘ve read it, you‘ll know more about it than most other humans. Today cryptocurrencies have become a global phenomenon known to most people. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance. In 2016, you‘ll have a hard time finding a major bank, a big accounting firm, a prominent software company or a government that did not research cryptocurrencies, publish a paper about it or start a so-called blockchain-project. “Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us.” – Thomas Carper, US-Senator But beyond the noise and the press releases the overwhelming majority of people – even bankers, consultants, scientists, and developers – have a very limited knowledge about cryptocurrencies. They often fail to even understand the basic concepts. So let‘s walk through the whole story. What are cryptocurrencies? Why should you learn about cryptocurrency? And what do you need to know about cryptocurrency? What is cryptocurrency and how cryptocurrencies emerged as a side product of digital cash Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin , the first and still most important cryptocurrency, never intended to invent a currency. In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to- Continue reading >>

Understanding Cryptocurrency Trading Signalsmacd In 300words

Understanding Cryptocurrency Trading Signalsmacd In 300words

Understanding Cryptocurrency Trading Signals MACD in 300words How to make profitable trading calls using MACD indicator? How understand if a trend is about to end using MACD? MACD stands for Moving Average Convergence/Divergence Oscillator. It is a trend following indicator. It is used to identify new trends in the markets, and confirm if they are bearish or bullish. The slope of MACD indicates the direction of the trend. It is a lagging indicator i.e. it is used to confirm the direction of price movement. MACD is made up of 2 lines and a histogram MACD line Black line in the below image It is the difference between 12 Day Exponential Moving Average and 26 Day EMA Signal line Purple line in the below image It is the average of the last 9 days of MACD and smoothens the MACD line which is very responsive to price changes. Histogram Red and green bars - shows the difference (divergence) between MACD line and Signal line. The normal settings of a MACD are 12, 26 and 9 (as explained above) and can be changed as per your trading strategy. Deciphering a MACD chart showing the MACD line, Signal line and Histogram with positive and negative divergence. MACD hacks that you can use to make profitable trading calls - When MACD line cuts signal line in uptrend and divergence is positive i.e. green it is a buy signal confirmation When the signal line cuts the MACD line in downtrend and the divergence is negative i.e. red, it is a sell signal confirmation If the MACD is above the centre line the markets are bullish. If the MACD is below center line the markets are bearish MACD hacks on BTC chart (last 4 months). Chart from Bittrex.com How to understand if a trend is about to end using MACD? When the MACD line diverges from the price line it means the trend is ending. In the first pri Continue reading >>

The Absolute Beginners Guide To Cryptocurrency Investing

The Absolute Beginners Guide To Cryptocurrency Investing

The Absolute Beginners Guide to Cryptocurrency Investing Angel Investors, Startups & Blockchain developers... References are made wherever possible. All statements are based on the authors experiences. I take pride in informing the public and helping as many as I can through sharing my experiences with my readers. That said, no one except you can take responsibility for your Cryptocurrency Investing decisions, so do think it through before investing. When I first started taking an interest in cryptocurrency I thought I was so lost in this huge sea of unknowns. Where do I start? What are the useful keywords to look up and keep in mind? What are the available helpful resources? This cryptocurrency investing guide is written so that in just 20 minutes, you would have a sense of what to expect of your upcoming crypto journey, and how to best go about starting it. Enjoy it, it might just be the most exhilarating ride of your life. As the tech literacy of the population increases, acceptance of crypto as a legitimate store of value follows, and it boomed. Titles along the lines of Bitcoin price hits new all-time high and Ethereum price surges are starting to perforate the general publics news feed. What we know for sure is that people who were once skeptical of Bitcoin and the technology behind it are slowly understanding and getting increasingly involved with crypto. As at the time of writing, the market cap of the entire crypto space is at 30.9 billion USD. It was 20 billion just four months ago. What would it be four months from now? Current Makeup of the Cryptocurrency Space You would have heard of Bitcoin and the altcoins. How this naming convention started was because back in the days of 2011, forks of Bitcoin appeared in the markets. The forks, or clones, each aspire Continue reading >>

Bitcoin And Cryptocurrency 101: Understanding The Basics

Bitcoin And Cryptocurrency 101: Understanding The Basics

Bitcoin And Cryptocurrency 101: Understanding The Basics The rapid rise in the price of bitcoin and other cryptocurrencies has attracted the attention of investors, financial companies, regulators, and the media alike. While many have had their interest piqued, it can be challenging to understand the basics of bitcoin and other cryptocurrencies. There are a few reasons for that. First, there is a lot of technical language involved, particularly if youre trying to understand how the software works. Also, many cryptocurrencies are experimental open-source projects and there is disagreement about how they should evolve among developers, miners, and early investors who have large holdings, and therefore a lot of influence. Then there is the issue that the concept alone challenges many peoples conventional notions of money. Cryptocurrencies have been called everything from the future of currency to outright scams and Ponzi schemes. In this article we will provide a brief overview of Bitcoin and cryptocurrencies, review how they are used, and discuss some risks to consider if youre thinking about buying cryptocurrency-related stocks and ETFs. Cryptocurrencies, also often referred to as coins, are digital currencies that are secured through one-way cryptography, the enciphering and deciphering of messages in secret code or cipher. Many of them rely on public blockchain technologya distributed ledger of all transactions that is decentralized and unable to be changed under most circumstances as long as nobody controls more than 50% of the computing power on the network. Unlike traditional currencies, they are not controlled by any central government or authority. In the case of some of them (Bitcoin, Monero, and Litecoin for example), the supply of new coins is controlled by a Continue reading >>

Cryptocurrency Trading Explained: What You Need To Know

Cryptocurrency Trading Explained: What You Need To Know

20/11/2017 10:01 AM AEDT | Updated 20/11/2017 7:55 PM AEDT Cryptocurrency Trading Explained: What You Need To Know Here is all the important information on regulations, risks and rewards. Concepts such as 'cryptocurrency' and 'blockchain' have become major buzzwords in the financial world as of late and, even if you aren't from an economics background, people are starting to realise that things like Bitcoin and Ethereum can be major moneymakers. Investing and trading in digital currencies is quickly turning into the newest way to jump on the cryptocurrency bandwagon, and while it isn't too late to join the party , wrapping your head around exactly how to do that is one very daunting task. To give you an idea of how big of a thing this is, a single bitcoin (currently the most popular form of cryptocurrency) was worth almost $8,000 AUD at the time of writing this article. And while blockchain technology is still in its early stages of development and will soon become something we use without really knowing -- for most people, it's like we are back in 1994 when the internet or email was developing. So when it comes to putting your money into what could be the next big step in technology, if you find yourself as confused as the television show hosts above, there's no need to worry -- we've got you covered. What Is Cryptocurrency Investing And Trading? Emma Poposka, the CEO of digital currency management company BronTech , told HuffPost Australia that there is a big difference between investing and trading in cryptocurrencies -- but both are becoming more popular among people around the world. "Literally to invest, in the most layman's terms, is to buy a particular cryptocurrency and to wait for it to increase in price," she said. "To trade cryptocurrencies is similar to th Continue reading >>

How To Trade Bitcoin (and If You Should)

How To Trade Bitcoin (and If You Should)

There's a digital gold rush sweeping the globe as investors try to cash in on Bitcoin, the notoriously volatile cryptocurrency. Getting involved yourself is easierand riskierthan you think. As with any exchange or speculative market, trading in Bitcoin is a risky venture that could cost you real moneyand lots of it. So the most important advice is to proceed with caution. If you're game, though, here's what you need to know to get started. 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 10-fold from $2 to $266 between February and April, with a peak market valuation of more than $2 billion. The simple answer is: just like physical currency exchanges. 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' economiestherefore 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. That said, exchanges like Mt. Gox act as intermediaries for currency transactions, converting wealth from Bitcoin to US dollars to other national currencies, back to doll Continue reading >>

Guide To Cryptocurrency Trading Basics: Introduction To Crypto Technical Analysis

Guide To Cryptocurrency Trading Basics: Introduction To Crypto Technical Analysis

Guide To Cryptocurrency Trading Basics: Introduction to Crypto Technical Analysis Charting and stuff By Chayleh Tracey No responses Home Coin Analysis Guide To Cryptocurrency Trading Basics: Introduction to Crypto Technical Analysis A series on cryptocurrency trading basics, focusing on breaking down crypto technical analysis at a beginners level for everyone to understand. Technical analysis represents a methodology for evaluating investments which involves a statistical analysis of market activity. It does not attempt to measure a securitys underlying value, but rather, utilize price charts and other indicators to identify patterns that can be used as a basis for investment decisions. (See also: Guide to Valuing Cryptocurrency: How to Value a Cryptocurrency ) Essentially, technical analysis is predicting future prices by looking at charts and fancy indicators; sort of the stuff you see wall street bankers do Technical analysis can be performed in various ways, which include relying on charting patterns, statistical indicators and oscillators, and a hybrid of the two. The main differentiating feature of technical analysis as compared to fundamental analysis is its exclusive use of historical volume and price data. Technical analysis is concerned with the future, and the best predictor of future price movements is past trading information and data. Guide To Cryptocurrency Trading Basics: Introduction to Crypto Technical AnalysisPowered by Master The Crypto The overarching principle of technical analysis is that a securitys price already reflects all available information and instead focuses on the statistical analysis of price movements. It may seem complicated on the surface, but it boils down to an analysis of supp Continue reading >>

How To Trade Cryptocurrency For Beginners

How To Trade Cryptocurrency For Beginners

Cryptocurrency Basics 24 Cryptocurrency Investing 32 The content of this website is provided for informational purposes only and cant be used as investment advice, legal advice, tax advice, medical advice, advice on operating heavy machinery, etc. Our site is not officially associated with any brand or government entity. Any mention of a brand or other trademarked entity is for the purposes of education, entertainment, or parody. Neither CryptocurrencyFacts.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from CryptocurrencyFacts.com. In other words, this is a website on the internet offering free information about cryptocurrency, this is not your accountant, lawyer, or fiduciary offering you professional tax, legal, or investment advice. Everything You Need to Know to Start Trading Cryptocurrencies Like BitCoin, LiteCoin, and Ethereum We explain how to trade cryptocurrency for beginners. To start trading cryptocurrency you need to choose a cryptocurrency wallet and an exchange to trade on. From there it is as simple as filling out a form and waiting for the transaction to process (once your information is verified with the exchange you pick). In other words, if you want to trade cryptocurrency you need: A cryptocurrency exchange (or two) to trade on. Simple as that. The rest of the page will explain the details and other important things to know. How to invest in cryptocurrency: If you want to invest in cryptocurrency, and not just buy/sell/trade, then you have a few options. Generally new investors can choose between the GBTC trust sold on the stock market, a cryptocurrency IRA (we dont want to recommend one until we have reviewed them), or an exchange-b Continue reading >>

Understanding Cryptocurrency Trading Signalsdows Theory And Its 6 Tenets In 500words

Understanding Cryptocurrency Trading Signalsdows Theory And Its 6 Tenets In 500words

Understanding Cryptocurrency Trading signals Dows Theory and its 6 tenets in 500words The objective of this article is to explain the six tenets of Dows theory and how they can be used to analyse cryptocurrency trading signals in 500 words. I will be using short sentences so that it is easy to grasp and understand. I will be using BTC charts from Bittrex.com for illustrations. For a detailed overview, please visit the sources attached after the explanation. Charles Dow is known as the father of technical analysis and he along with Edward Jones created the Dow and Jones index. While observing the markets he developed a series of 6 tenets which are now the basis of technical analysis. Understanding these 6 will change the way you analyse markets. Primary trend Its a major trend that is in the market and may last for an year to 3 years. E.g BTC is in a bull trend since Jan 2017. Secondary Trend This is the retracements or corrections which keep on happening in the primary trend. The time varies between a few days to a few months. E.g. Whenever BTC price hits a major resistance it falls (retraces 33% to 66% and then rebounds). Short Swings or minor movements this varies with news and opinions and lasts for a few hours to a month. E.g. when China banned BTC it went down to $3300 or when the hard fork was suspended it traded up to $7800. Accumulation phase When investors who see the future and understand what is happening (insider information holders and good analysts) buy a coin at low prices. E.g. BTC buying and accumulation up till 2016 Public Participation Phase When the public starts seeing the value in a coin and starts buying it which results in the price of the coin increasing. E.g BTC rising to $1800 then $2900 then $4000, $5000, $6000 and so on Distribution phase D Continue reading >>

Understanding Cryptocurrency Trading Volume

Understanding Cryptocurrency Trading Volume

Understanding Cryptocurrency Trading Volume Along with circulating supply and market capitalization, volume is one of the most prominent metrics in crypto. Lets breakdown what volume is, and how it can show us a coins direction. UNDERSTANDING CRYPTOCURRENCY TRADING VOLUME Along with circulating supply and market capitalization , volume is one of the most prominent metrics in crypto. Lets breakdown what volume is, and how it can show us a coins direction. The volume of a token listed on CoinMarketCap is quite simple. Its the amount of the coin that has been traded in the last 24 hours. For example, roughly $3.5 billion worth of Bitcoin has changed hands in the last day. You can break this down in a variety of ways; you could also list it as3,039,787,668 Euros. Or, in crypto terms, 642,566 Bitcoins. You can also slice and dice it by exchange. In the last 24 hours, roughly 14.97% of all Bitcoin traded moved through Bitfinex, where the price is $5514 as of writing. Essentially, volume underscores how many people are buying and selling the coin. If the price of Bitcoin goes up and it shows a hefty volume, that tells us lots of people are making moves. Thus, it will likely keep going up. If the price of Bitcoin drops, but theres minimal volume, that could tell us only a small amount of people back the trend. Lets go into more detail on the ramifications. Volume is arguably the most important metric for a cryptocurrency , because of the amount of ways it can be broken down. From volume, you can infer the direction and movements of a coin. Its an essential metric for traders. Volume can examined in minute detail. You can track volume on CoinMarketCap by the last 24 hours, last week, or last 30 days. This helps reveal if a coins recent swings are an aberration or the norm. A co Continue reading >>

More in cryptocurrency