A section on cryptocurrency investing and trading tips and tricks designed for novices, but with insights anyone can enjoy.
For informational and educational purposes only.
To buy altcoins you need an exchange that allows you to trade dollars for altcoins, like Kraken, or you’ll need to buy Bitcoin or Ethereum on a platform like Coinbase, and then trade one of those for altcoins on an exchange that allows that, like Bittrex.
We explain how the different order types work on Bittrex. This will include how to set limit orders and how to set stops using conditional orders.
We explain how to invest in cryptocurrency for beginners. The first thing you need to decide is if you want to invest directly in cryptocurrency or invest indirectly (for example through a stock).
In cryptocurrency, which coins are performing well tends to rotate. Sometimes BTC is dominant, sometimes alts are, sometimes a single coin like ETH will take the lead.
In general, when Bitcoin stagnates it gives altcoins a chance to run. The Bitcoin stagnation that started in December 2017 set the stage for an altcoin boom like few before it.
In cryptocurrency trading people buy the rumor and sell the news. Meaning prices tend to increase as a “rumor” spreads and decrease when rumored event occurs (“the news”).
Bitcoin has struggled to stay in the $14k range after hitting a high of $20k. Logic might say sell and wait, but those who sell could miss a number of forks.
John McAfee was touting a cryptocurrency every day for 20 days, he switched to Tweeting about a coin a week. We list all his picks here.
Technical Analysis (TA) describes analyzing historic price and volume trends to predict the future price movements of assets.
In Forex trading (foreign currency trading) there is a “first in first out” (FIFO) rule. This rule should be optional cryptocurrency.
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