Sort:  
  • Trending
    • [-]
     7 years ago  

    Marginal trading is another tough lesson to learn if your not careful. I'm glad I caught on to the concept in my earlier trading days. Don't get me wrong with marginal trading as it does have some good value to it. It's just that when it's time to collect from the trades, the bulk of the money goes to the actual lender. It gets tricky so just be sure to overlook the terms before engaging.

    [-]
     7 years ago  

    yes you are right investing in longterm portfolio is a key short term is always gives you loss so you should HODL your coin for atleast year or two, but this is my personal opinion.

    [-]
     7 years ago  

    You guys are bang on. The newbies cause these panic waves. HODL.

    [-]
     7 years ago  

    I just switched over to attempt exchange style trading and it seems like if you do it right you stand to make more profit than just playing the big "3" from coinbase. Do you have an exchange you recommend?

    [-]
     7 years ago  

    There are at least a dozen "major" exchanges around the world that do significant volume in a given space of trade pairs. Poloniex is an excellent option for a first time exchange account as they vet their available trade pairs well, and only make available what has a significant enough volume developed from other exchanges to support their customers' divestiture should they decide there exists some good reason to liquidate (i.e. truly worthless claims, dodgy mods, fraud, technical problems, etc). Some of the other exchanges like Bittrex or CCEDK use the power of being able to offer listing to a small coin for a larger cut of the transaction fees, and provide a means of capitalization through trading into bitcoin and the others available. As soon as you can trade a coin newly minted into an exchange of any sort, make no mistake that "money" is being "created" just like a central bank does, except the new "money" is in our decentralized open-source ledger rather than the fed's centralized closed-source private/public banking cartel. Additional major players in the exchange game are obviously those of eastern origin, such as BTCe and BTC38, both Chinese. The last group of players would be the futures markets that offer some simple options trades or highly leveraged margin accounts like Bitfinex and BitMex. To give you an idea of the ability they now wield, Bitfinex was being criticized in April for being "insolvent," but have sinced launched IOTA which peaked at a market cap of nearly $1.8B. Value that they created. In their computer. The current market cap is at a paultry $800M, but you can bet they can pay their bills now. For a long time.

    Sorry for the red pill. I do that sometimes. Most times. =]

    Start with Polo. Follow the rabbit hole down from there. =]

    G3

    [-]
     7 years ago  

    Another chinese site which has english is Yunbi. But you need a chinese bank acct.

    I wanted to get PAY & MCO so I signed into BITTREX. They have lots of alt coins there

    $0.00
      Reply