This site uses cookies. [More] [No problem]

 


CRYPTO 101 AND TRADING GUIDES TO GET YOU STARTED TRADING

Guides for novice cryptocurrency traders and hodlers.


Guides to get you started with cryptocurrency trading:

GUIDE Technical Analysis in Cryptocurrency Trading

Technical indicators work. Sometimes. Should you use technical analysis for crypto?

This post on cryptocurrency technical analysis specifics was originally published in 2016. Back then, it was a common debate in the TradingView chat whether technical analysis in crypto can actual...

Read the full guide >>

GUIDE Daytrading on Crypto Markets: Good Idea?

Daytrading means entering and exiting the market in a single day. Is this a good crypto trading strategy?

Daytrading is quite a broad term for the style of trading that has you enter and exit the market during a single trading session, preferably in profit. You can be a daytrader if you engage in scal...

Read the full guide >>

GUIDE List of No-ICO Tools for Crypto Traders and Investors

Curated list of tools for crypto traders. If you want to add a tool, comment below the article and also post your crypto address if you want people to send in donations.

This is a list of free or freemium phone apps and web apps that are useful for cryptocurrency traders or investors and were not backed by money from an ICO. Some of them you will already know from ...

Read the full guide >>

GUIDE New cryptocurrency exchanges for trading in 2018

Added Kucoin. Find new emerging cryptocurrency exchanges for your altcoin trading in 2018 (and avoid potential drama).

.

Read the full guide >>

GUIDE Opinion: Time in the market vs timing the market

They say that in the long run, time in the market beats timing the market. With the short term direction you cannot know for sure - even technical and fundamental analysis together with Reddit sentiment can only give you what's likely, not what's hundred percent sure.

Let’s take a quick look at the difference between trading and investing. When you trade you don’t care which way the market goes as long as your position is making you money. All you need is to be...

Read the full guide >>

GUIDE Back to Basics: How to buy altcoins (New Kraken rating)

For daytrading you need the liquidity of your coinpair - in 2018 that can be alt/btc as well as alt/eth or alt/neo in Asia. Alt/fiat pairs are also tradeable very well.

It is incredible how fast the markets have changed. This article was originally posted in January 2017 when people commonly traded at Poloniex and normally referred to altcoin/BTC pairs as their...

Read the full guide >>

GUIDE Best Altcoin Exchanges, Tried and True

Where to trade altcoins? Which exchanges are liquid, which have issues and which look like exit scam? Updated for 2017/2018

So you want to join the madness and start with altcoin trading? Let’s first look at what is important - what you should be looking for - and what you can leave behind. Your priorities: ...

Read the full guide >>

Blockchain Technology 101: Blockchains, Blocks and the Role of Price

Definition of Blockchain

Blockchain is a term that denotes literally a chain of blocks, where block is a bundle of confirmed transactions and additional features that ensure blocks cannot be skipped or reordered in the future.

Definition of Block Time

Block Time can be defined as the average time that is taken for generating an extra block in the block chain.

Bitcoin Block Time: For Bitcoin 10 minutes will be the block time.

Definition of Private, Public and Consortium Blockchain

Blockchains are functioning under the peer to peer networking method. As it is a straightforward phenomena: Not involving any third person into the transaction process.

Private blockchains are similar to decentralized databases and may have its use as an internal tool for organizations and businesses where member parties do not want to trust each other.

Bitcoin is a public blockchain, meaning the use of it is not restricted to anybody. The transactions on Bitcoin blockchain cannot be deemed as canceled nor taken back. This is known as “Reversibility of Transactions”. This is to be noted that majority of the users have lost their Bitcoins, just because of their sheer negligence while transacting.

A semi decentralized blockchain is known as the “Consortium Blockchain”. The users will be restricted by the administrators of this blockchain, since only the faithful nodes are enabled for executing the consensus protocol.

Now, how can a Bitcoin be owned?

Bitcoin Regulatory Hurdles

Bitcoin specifically has also faced many regulatory issues from protective governments. There are some countries such as Bangladesh, Bolivia, Ecuador, Saudi Arabia, and Kyrgyzstan that have declared Bitcoin as illicit and illegal.

Availability & Price of Bitcoin

  • There is a considerable number of Bitcoin ATMs throughout the world. Over 1964 Bitcoin ATM’s are there in USA and 539 in Canada. The number of Bitcoin ATMs through the world is considered a strong fundamental positive in the business of bitcoin trading because it shows there is demand for cryptocurrencies other than for speculation.
  • “Bitpay” or Coinbase” are the usual Bitcoin payment services for merchants who decide to accept cryptocurrencies. One of the other popular processors in the past was also “Mycelium“.
  • Plenty of exchange providers are available throughout the world that are dealing with cryptocurrencies.

The first and foremost thing to understand about the Bitcoin price is that it would be always fluctuating.

An unforeseen thing can be happened in the increase and decrease of the Bitcoin price within a short or longer period of time.

This is because the fact that cryptocurrencies trade on capital markets and is fundamentally completely normal. However, the amplitudes of cryptocurrency price fluctuations might be relatively high due to its novel nature, illiquid markets, and young economy respectively.

For interesting facts that are not quite common knowledge scroll down through this blockchain infographic:



Originally appeared on The Business Of Crypto. Infographics provided by Bitcoinfy, republished with permission.


Like us on all the networks