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Senha 40 ou 104 bitstamp
People usually think that in order to start trading Cryptocurrencies they need a large capital. The goal of this challenge is to show that you can profit from trading Cryptocurrencies even with a minimum starting investment. Trading cryptocurrency is very risky due to the volatility of the market. Only invest what you can afford to lose. The cryptocurrency market is a very volatile market.
I bought some coins at sats 0. I later sold the coins before the coin burn event at sats 0. I later bought some coins again at sats 0. A day before the announcement, I sold the coins at sats 0. Traders often use Technical Analysis prior to buying or selling a coin. For coins that I will hold for long period of time, I prefer reading their white paper first to check if their idea is good and if there are use cases to it in the real world. I also follow their official twitter account and subscribe to their subreddits.
Registering on their slack or discord channels is also a good way to interact with the community and the dev team. Finally, I also check the activity in their respective Github repositories.
I participate in telegram channels from time to time and check recommended coins by some groups. What worked for me in the long run is looking out for events or updates from a coin and assess them to see if it will positively impact the price of the coin. The first event was a coin burn event. Events like these usually help increase a coins price simply because of the law of supply and demand.
Most of the time, coin burn events increase the price of the coin days before the date itself because traders will automatically assume that lower supply often leads to a higher price. This is because most people already bought in early anticipating that some folks will buy in late. This is why it is very important to keep yourself updated with news and updates in Crypto as much as possible. I consulted coinmarketcal again to see which coins or tokens will have an event in the first few days of the year.
I came up with the following high level list:. As you can see there are a lot of events and coins to choose from and I had to narrow down my selection. I even try to buy in more during dips to accumulate more units. This narrows the list quite a bit. This historically helps price go up simply because of the hype on succeeding events. The AMA event may not seem like a big deal but it will help early investors and speculative traders learn more about the tech and concept behind the token.
Being listed in an additional exchange also always help pump up the price of a coin or token. With Bittrex limiting new registrations, new folks joining are only left with Binance to invest and trade with. Adding an a new exchange will surely help bring in more money to the token. Below are some screenshots to show the details of my first trade for the year:. And finally, the google sheet to track everything can be found here.
I will be following your progress. Have learned a lot just by copying your moves. Joined Binance has Bittrex is backlogged with new users. Thanks for the tip about event driven trading.