Tag: crypto trading

  • How to Quickly Make Losses on Crypto?

    How to Quickly Make Losses on Crypto?

    Make losses on crypto, it sounds so impossible. But life is not the fairy tale. 

    2 min read

    Yes, how to quickly make losses on crypto. Of course, I didn’t make a mistake in the title. I even didn’t mean to say “how to make a quick profit”. Although that’s precisely what attracts some people to cryptos.

    Because of the story of the people who bought bitcoins in the period from 2009 to 2012, and now they are wealthy, many of you can think that cryptocurrencies are a shortcut to opulence.

    You can earn quick, it is not impossible,  but this quick profit goes side by side with a big risk.

    Whoever loves quick earnings at high risk, should go betting or to casinos. It is much faster than earning on cryptocurrencies. 
    This post is for those who see the possibility of quick earnings in cryptocurrencies, and don’t see the risks. 

    The truth is: you can gain a suitable profit, but also you can quickly make losses on crypto.

    There is no profit with no risk

    Even in the world of cryptocurrencies. I’ll try to briefly introduce some of the biggest traps for insufficiently informed investors and traders who are looking for quick wages.

    Cloud mining

    You’ve probably heard that cryptocurrencies are generated through the “mining” process. You can invest a certain amount of money in hardware, this hardware is set to “miners” and money starts to come.

    Although many overlook the amount of work and some of the costs that exist there, it is still relatively difficult to find a miner to whom this investment is not profitable.

    Anyway, chances to quickly make losses in crypto are bigger here than anywhere. The equipment is more expensive and more complicated, crypto mining has become the business of big companies. There should be no illusion about that.

    There is another type of mining, which many have “harnessed”, known as Cloud Mining.

    It’s a much more elegant variety. You can rent someone’s hardware to mining for you, with a fee to the hardware owner.

    That’s it! Voila!!!

    However, there is one big problem: most of those who rent this hardware, don’t actually have it!

    Where is the catch?

    They pay old investors with money taken from new ones.

    Most of those who offer cloud mining are fraudsters. Personally, I would never invest in it, because there are a lot of possibilities to quickly make losses on crypto.  

    But if somebody wants, here are some things on which you have to pay attention:

    * If you buy hardware for mining, you need about a year to pay for equipment.

    Honestly, there are no guarantees that you will ever repay the investment. But whoever gives you guarantees that you can through cloud mining make more than 100% a year, you can be sure he is a fraudster. If an alleged cloud mining company is not recognized, for example, on blockchain.info/pools, it’s all fraud. There is a very small possibility to find it in the “unknown” category, but this option is really very small.


    Fake cryptos
    There are currencies which are presented as cryptocurrencies, and in fact, they are not. As something is not cryptocurrencies, it still doesn’t mean that it’s a scam, but you have to be very careful. When someone suggests you invest in a particular crypto, this is what you have to be aware, in order to avoid to make quickly losses on crypto: 
    If the income is not guaranteed by a company, but the individual who offers you this investment, then that individual is either a fraudster or unauthorized person.

    The reason is clear:

    There are no guaranteed earnings in cryptocurrencies, nor anywhere else!

    Also if the currency cannot be bought or sold on the free market, you should be very cautious.

    In this case, there is the opportunity that price is manipulated and keep at an unrealistically high level in order to make the investment cost-effective.

    Cryptocurrencies generally are open source, if they are not, you can be sure it’s fishing.

    Trading markets

    Whoever is considering trading on the stock exchange should have one thing in mind: there are always more losers than winners. That mean, you have to be better than most participants and then you can earn.

    All right, all the generals are great after the battle. Don’t listen the others, you have to find your own path.

    If you do not have experience with trading on the stock or cryptocurrencies markets or knowledge, there is the bigger chance you will be easy prey.

    That’s all I have to tell you at this moment. Let us know what do you think!

    Risk Disclosure (read carefully!)

  • Just 5 F***ing Minutes In Trading To Find What BS Is

    Just 5 F***ing Minutes In Trading To Find What BS Is

    Start with a small amount if you do not have a lot of money.
    Stop on what you consider to be the last stop.

    2 min read

    Just 5 F***ing Minutes In Trading To Find What BS Is

    These are the best trading tips you’ll ever get. Remember this:

    * When the market is sinking rapidly – buy.
    * But when it rises, place a stop order at the price of the purchase.
    * Each time the value rises to $100, move the stop for $100. Follow the trend.  Every time you move your stop, it protects your profit. Follow the trend until the momentum is lost or until everything is reversed.
    * Do not try to predict the climax. Continue moving the stop order point.
    * Stop on what you consider to be the last stop.

    So, you want to enter the crypto-trading? You do not want some small 10% ROI after a year on a regular old stock market because it’s for grandparents and old people. Or you want to quit your business with a middle finger and immediately start trading cryptos. Okay!

    Maybe it’s your dream to become Gordon “greed is good” Gekko, or Jordan Belfort, a Wolf from Wall Street? Or you may want to blow up and do not want anything less than a yacht, a villa and a girl in a bikini scrambling around one of your pools. All this and even more FULLY can be yours! Find how HERE

    Are you ready to turn your dreams into reality?

    Cryptocurrencies have some of the best ROI in history (ROI = return on investment) and you have a great opportunity to earn good money.

    How to make money with cryptos?

    Stories like “… I invested all my money in Ethereum (and so are all my friends) …” they are fun at some level (students can afford some risks because if they lose everything they will have a lot of remaining life to recover later).

    On the Internet, you could read the announcement of a person who pawned his car because he wanted to enter the “shit coin pump”  where traders gather and buy like crazy to inflate a collapse of crypto. Before it falls on idiots. Of course, he lost all the cryptos and his wife kicked him out. This is not good and you do not want to be that guy.

    FIRST QUESTION

    “Do you have enough money to invest?”, is the first thing you need to ask yourself because if you have extra money, you would be surprised what you can do with it.

    Start with a small amount if you do not have a lot of money. Careful. You should only invest money that you can afford to lose.

    Of course, nothing stops you to take a loan, sell a cottage, another apartment, a wife’s car, something that you do not need anyway. It will be hard not to make money. The crypto will not disappear as the Internet has not disappeared.

    SECOND QUESTION

    “Are you a buy-and-keep, or a trader?” This is the second question that you need to ask yourself when trading with crypto. Because these are two completely different things.

    Simply, just buy and keep is the right strategy for most people. You should get some of the famous cryptos like Bitcoin, Litecoin, or Ethereum, put them in cold storage and forget about them. Do not read the news and do not worry about wild swings or predictions of a collapse from the ”yellow” press.

    But if you want to trade cryptos, this is something else, because that means looking for information on how to enter and exit the market. We recommend you to do some research before you accidentally select some cryptos and look at their charts because otherwise you will trade blindly and you don’t want that. The rules of the game are basic, but it’s important to remember:

    Buy cheap, sell more expensive! 

    There are two parts: earning money and keeping! Most people fall and burn in the second part because everyone earns money and then immediately invests it further. Trading with crypto is like a golden fever! You are like the conqueror of new territories.

    You enjoy the excitement that is better than sex.

    However, it is brutal in the days when you are losing. You will lose money, friends, hair, you will be unsatisfied, angry, depressed and distracted.  Remember, you play against the maniac and sadistic “mind” of the market, and against yourself. Your system of belief, emotion, and mental power works against you. Markets and people are not rational. First of all, we all have partial information like in the fog, because the information isn’t near evenly distributed. We all have different degrees of ability to process this information, which means that we are all at some point stupid. We all own distorted mental heuristics and a stupid system of belief.

    Being “right” when you are actually wrong is a great way to lose your money.

    The reasons why new traders are losing are:

    a) They trade without edge, in other words – they are gambling
    b) Also, they are trading on a lot
    c) And they’re trading low-value things

    Trading with crypto is like juggling with a cobra! So if you’re not a professional trader, do not do these things. Crypto markets are moving at the speed of video games and you can easily lose money.

    Does this mean you should not trade cryptos? It’s not about it. We enjoy trading!

    You should too!

    Risk Disclosure (read carefully!)

  • How To Trade Crypto And Stocks / Forex

    How To Trade Crypto And Stocks / Forex

    How To Trade Crypto And Stocks / Forex
    Basically, it is the same but with some differences. In this post, you’ll find all about them.

    By Guy Avtalyon

    How to trade crypto, stocks, or forex? It is similar but at the same time different from other trades, for example, stocks or forex. At first, we have to define the difference between crypto and Forex or stock trading because you have to have theoretical knowledge.

    What is crypto trading

    Crypto trading is simply the exchange of cryptocurrencies. Just like in Forex. In crypto trading, you are buying and selling a cryptocurrency for another. It’s the same as you buy Bitcoin or altcoin for USD and Euro.

    What is the Forex market

    Forex, also known as FX, or currency market is where you can trade currencies. The forex market isn’t centralized. It is, also, OTC or over-the-counter market. Here you can buy, sell, or exchange currencies at determined or current prices. So, it operates like any other market.

    What is stocks trading

    In short, it is the buying and selling of company stock – or derivative products based on company stock – in the hope of making a profit.
    Let’s go further!

    How to trade crypto

    Honestly, all of these types of investments are risky. Crypto gives greater growth than stocks or forex.

    You all know all about the Bitcoin. Well, Bitcoin isn’t the only digital currency that you can trade on the market. It is really the first and most popular one and is the real digital gold in the industry. The most important part behind cryptocurrencies is the technology that holds a large part of their value. The technology is what provides a safe way to identify a transaction and, also, the way to transfer currency or fiat money in exchange.

    If you want to trade crypto you need as first:

    1) A cryptocurrency wallet (or two).
    2) An exchange or platform to trade on.
    3) By using a bank account (find more HERE)

    There are only a few things, but important, you have to know about trading cryptocurrency.

    Trading cryptocurrency is simple to start, but there are some essential aspects to understand before you start trading and this is basic friendly advice to mull over, not professional investment advice.

    I’ll explain an example of Bitcoin.

    How to trade crypto

    Firstly, you’ll have to buy the underlying asset from an exchange or online broker.

    If you want to protect your Bitcoin, you must have underlying. That’s the best way. However, you’ll have to take some reasonable steps to reduce the risk of Bitcoin stealing and loss of private keys. The steps are simply a diversification of holdings across different wallets/storage types. Keep in mind that you’ll need two-factor authentication and strong passwords.

    Further, you can trade a CFDs derivative and hold a cash margin.
    If you want to trade on Bitcoin for a short or medium period find, use an online forex broker that will provide you 24-hour trading. Also, ask for the potentially lower margins, and also, the ability to go long or short. Choosing the right broker is very important. Your broker has to provide you the best trading tools and favorable commission rates.

    It is always smarter to buy a publicly listed security linked to Bitcoin and hold that shares with an online broker.

    Stock investors, investing in Bitcoin through listed security, for example, ETF or ETP, could be suitable. Especially for investors that prefer taking a passive position. More active traders might notice that the limited trading hours and possible lack of volume are limiting factors. That could limit their trading indeed.

    Overall, using listed securities that invest, track, or hold Bitcoin can be a viable alternative to diversify away from the risks of margin trading or safeguarding private keys when buying the underlying.

    How to trade forex

    You can trade currency based on what you think its value is, if you think a currency will increase in value, you can buy it. If you think it will decline, just sell it.
    In forex trading, you’re betting on the value of one currency against another.
    For example, EUR/USD, which is the most-traded currency pair in the world.
    EUR as the first in the pair is the base currency, while USD, as the second, is the counter. Read more HERE

    When you see a quoted price, that shows how’s much one euro worth in US dollars. Also, you’ll always see two prices. That is because one is the buy price and the other is the sale price. The difference between these two prices is the spread.
    When you choose to buy or sell, you are actually buying or selling the first currency in the pair.
    If you think the Euro will rise in value against the dollar, you buy EUR / USD. And vice versa, if you believe the Euro will drop, you sell EUR/USD.

    If prices are quoted to the hundredths of cents, how can you see any return on your investment when you trade forex?
    Leverage!
    When you trade forex you’re borrowing the first currency in the pair to buy or sell the second currency.
    To trade with leverage, you just set aside the necessary margin for your trade size. If you’re trading 200:1 leverage, for example, you can trade $2,000 in the market while only setting aside $10 in the margin in your trading account. Still, leverage will not just increase your profit potential. It can also increase your losses. If you are new to forex, you should always start trading with lower leverage ratios, until you feel comfortable in the market.

    How to trade stocks

    Stock markets are places where buyers and sellers of shares meet and decide on a price to trade.

    It is important to know that the corporations listed on stock markets do not buy and sell their own shares on a regular basis. You have to know that you\re not buying shares from the company, you are buying it from some other shareholder.

    There are many stock exchanges, many of which are linked together electronically which means markets are more efficient.

    The prices of shares on a stock are established through an auction process

    The prices of shares on a stock market can be set in a number of ways, but most of the most common way is through an auction process where buyers and sellers place bids and offer to buy or sell. A bid is a price at which somebody wishes to buy, and an offer (or ask) is the price at which somebody wishes to sell.

    When the bid and ask coincide, a trade is made. If there are many buyers and sellers at higher and lower prices, we say the market has good depth. Stocks are quoted by their ticker symbol, represented by between one and four capital letters, which are often loosely representative of the company name.

    Market orders are simply orders that direct your broker to buy or sell shares at the best possible price. A  market order doesn’t guarantee the price, but it does ensure that you’ll get the number of shares you require. When an order is completed, it is said to be filled.

    Stop orders are contingent on a certain price level being attained to activate the trade and your trade will be executed only when what you want to buy or sell reaches a particular price.

    If you understand how the financial markets are structured you can use the same skill and experience to profit in all three.

    It’s the same, you buy low and sell high against the crowd. There is no difference.

Traders-Paradise