Simple rules of profitable trading cryptocurrency.
Incomes are too low...
To obtain a bitcoin is now not so easy... Collect Satoshi from Bitcoin faucets is not a very attractive job for many of users... Where is the exit? To increase the income you can by trade on the cryptocurrency exchange.
What is the cryptocurrency exchange?
The cryptocurrency exchange is a place, where trading many different types of coins, which often called altcoins. Trading altcoins is a risky business, but at the same time can be profitable. Here we must keep in mind two things: experience, caution, and, of course, luck (!). If you have large funds, it is better to divide them into various exchanges. The exchange may be hacked, the administration may be crooks, some state services may begin litigation with the exchange...
Here are some of the crypto exchanges, which I have been using and are trustworthy.
Exmo exchange. The exchange is foremost honest. Working steadily for several years. Enter or withdrawals fund quick. Of the shortcomings can be noted only that the minimum amount of orders is sufficiently large, and also the minimum amount of deposits is not small.
Next exchange. Livecoin exchange . Wonderful the exchange. Everything quickly, honestly, working for a long time. One flaw, for users from Russia - there is no withdrawals funds to Qiwi. But you can withdraw to Qiwi through another service - Capitalist.
Another exchange, which I use recently. Poloniex exchange . The advantage of this exchange - a large number of currencies that are worthy for the exchange, but which are not represented in the previous two exchanges. I think for trading this one is the most appropriate exchange.
Well, the main thing. The most profitable cryptocurrency.
Based on my personal experience, the first place I will put Potcoin. If you are curious, you will find what is represents this currency. Let you do it on your own. This cryptocurrency periodically has large value changes, value changes can reach 300% and more within just a few months.
Well, next point. You can earn much with Monero. This coin is rapidly gaining value, though not making such significant changes as Potcoin.
For long, stable investment I think the best thing will Dogecoin. It slow, but continuously growing. Investment in this coin is low risk, in my opinion. In the last three years, this coin grows more than 10 times in value. I love Dogecoin for fast, low-cost transactions.
Most people hurry up to invest in Bitcoin... This is the riskiest investment. For now, Bitcoin is the most controlled coin. Mining of Bitcoin is not available to everyone, so a narrow circle of people now controls the value of Bitcoin and engage in speculation with this coin. Most nasty in Bitcoin - the high cost of the transaction, and long time waiting for confirmations in the network.
This is the short list of my beloved coins. :))) You can try yours.
The secrets of profitable trading cryptocurrency.
How to minimize losses and to maximize profits? Please note, the first place I put the reduction of losses. Do not be greedy, trying to quickly hit the jackpot. This is the best way to lose everything.
Always understand, what you are doing. Don't do any step, until you know why. For better results, I would advise you not to use scripts, advisers, and other popular applications. Your head is the best app. You must believe it, or not to see a profit.
To make a profit you must understand the market sentiment. See market depth, to understand, which moods prevail. Buyers or sellers, which are orders waiting in a larger amount of? That is it.
Next. Main rule - buy cheaper, sell expensive. Do not hurry, wait until the price reaches the minimum. It's called a correction. The market will not fall below the price best for sellers, and will not rise above beneficial to buyers. It so simple, nothing else. Do not trade in empty market, see trading volumes!
Do not panic, be like a boa on the hunt. Stay down, wait. And you will have good luck!
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