Reddit trading crypto. Forget about r/bitcoin, etc.

Reddit trading crypto There’s way less manipulation and fraud by the exchanges, and your wallet will never get hacked. Now I'm back to my starting capital since I withdrew all of my gains. The catch is, when using the limit button to close a trade, you must priorly set a worse or better price depending if you are Long or Short. When I was learning about crypto, like many people new to the crypto space I was curious about day trading. Remember that crypto in the past goes very cold over the winters between runs. Most alt coins since January up 400-700% lol And of course you will get rekt in a bear market or when crypto losses it’s bullish edge. This platform offers a solid range of coins with very competitive trading fees. I've found a few, often years-old comments saying "just use a VPN bro", but I don't want to assume that all exchanges ignore VPNs. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier I trade crypto because the market doesn't stop and it can move %10 in minutes. Trading crypto can be profitable, but it's very nerve-wrecking and you need a lot of patience! I don't do it on Revolut mind you, I use Kraken. Coin giveaways only on Reddit are allowed, and buying or selling of what is prohibited by Reddit is not allowed. They were never profitable to begin with and only appeared so by using creative ways to discard bad results. All trading is done through smart contracts and decentralized oracles providing price feeds. If you want to do it though, id suggest working out your total level of knowledge on crypto (if you're relatively new to the space you shouldn't be day trading full stop). I feel like it's both it's hard to learn crypto trading and then use that knowledge to also trade Forex. Cons: 1) Day trading doesn't work. I made a deposit of about $400 have been trading for 10 days. Post and let the community decide! Here you can discuss cryptocurrency news, exchanges, memes, investing, trading, fundamental and technical analysis. I've been trading crypto on BYDFi now for two years and they accpet US traders without VPN or KYC thanks to the MSB regulation they have in the US with FinCEN. Moreover, crypto is more volatile than forex. Ensure you understand risk and reward and have plans in place to manage your risk and follow your sey plan. This post will aim to give you a bit of an insight into how I became successful in trading crypto and give you some real examples of how I read the charts and try to minimize my risk. So even if he closes it perfectly at break even, he still lost 7% -> -35 USDT. They accept US traders without VPN or KYC thanks to the MSB license they obtained in the USA. As if they lost a bunch of money gambling, which is what they were probably doing. With a 24/7 market swing trading crypto becomes a lot more stressful and time intensive than swing trading stocks. FAQs: help. Funding fee. Remember the end of 2017 saw some insane returns - some coins going up 40,000% (such as Ripple) but crypto has been in a bear market for over a year now. We explore some of the top crypto subreddits ranging from Bitcoin for beginners to advanced crypto trading strategies. Many beginners use brokers for their first purchase. Second rule of crypto, with or without fees you'll lose all your money, lose your sleep, get depressed, get emotionally wrecked In my opinion instead of paper trading you should go ahead and trade with a very SMALL amount of real funds. Day trading is easy on Swyftx as you can sell, swap, and buy coins easily and instantly. For crypto to crypto CEXs the best imo would be: KuCoin as it has a lot of financial products i. Not all will shine though, and you have to understand/follow closely lots of different ecosystem. Started more than 8 years ago, it claims to be one of Reddit’s original cryptocurrency subreddits. I've identified a few coins that would be fairly good to start swing trading (regularly swing 5-8%). 200x leverage, 400+ altcoins and lower fees than most mainstream platforms like Binance and Bybit (this is why I changed from Bybit), 0. Please use Old Reddit to see the full sidebar to participate here. Real small. 1 er – Binance, la plateforme pour professionnels, axée trading. The volatility of crypto really is appealing for a swing trader. That means you made $100. Buy and sell cryptocurrency on Grid Trading 101. Stock traders check their performance against the S&P. Here is my definition of a swing trade: buy an asset before news and then sell the asset on the hype or on the release of news for a profit. I've been trading crypto part time for 2 years now, started in 2020 and so far I managed to 4x my intial capital (not flexing just so you know my background) and yes lot's of ups and downs. Just HODL bitcoin. Jul 23, 2021 · There are subreddits dedicated to most things blockchain and cryptocurrency-related - covering most of the major tokens, as well as the latest industry news, crypto trading advice, upcoming ICOs and, of course, rumours linked to the major players in the world of cryptocurrency. As for day trading, remember to use a exchange that has low fees, and don't be afraid to hold onto your coins a little longer to ensure you see profit. There are several trading strategies that traders use to buy and sell cryptocurrencies, manage risk, and maximize profits. If you do learn how to do research - you wouldn't need a lot of strategy to trade Crypto yet. Crypto. **In other words, Josh position basically starts with a -7% PNL due fees. Day trading can be profitable, crypto, forex, stocks, anything that's exchanged can be First off, you need to trade larger amounts, at least hundreds but usually thousands of dollars per trade to make enough profit to offset trading fees. com Exchange and Crypto. Cryptocurrency trading platforms (suited to beginner/intermediate users). Since your only trading longs and alt coins. They also have a trading wallet that makes trading crypto a breeze. So something to think about as volatility and times change. 06% for market orders. It’s also one Crypto. Tp is usually the start of the pullback, a little can go a long way with crypto. Let’s say crypto A doubled in price (went up 100%). So, I've compiled this ultimate beginner's guide to cryptocurrency, with the goal of helping you make the best decisions and avoid costly mistakes. You login directly with your crypto wallet. Forget about r/bitcoin, etc. It went to the moon! MOONING: When your crypto is in the process of reaching the moon MOONS: r/Cryptocurrency's crypto that's currently on a test net as of the time of this post. Recently, someone I know was recommending me crypto trading and so I started considering it. I personally follow short term trends, wait for a small pullback, then enter on the next affirming candle. Well if crypto B drops 10%, guess what, you’re at a breakeven. Profitable trading bots exist, and are profitable because the creator knows the cause and effect. Not if you want to keep your sanity. From my last post on deciding the best candidate for trading stocks using algos, I decided that my strategy fit cryptos better because cryptos have more volatility and trade 24/7, which are both helpful for my strategy to succeed. Day trading can be profitable, crypto, forex, stocks, anything that's exchanged can be A community for like-minded day traders or people looking / considering day trading cryptocurrency across various platforms. Aug 2, 2021 · I would argue that loosing money and getting at least one random 10x on crypto trading is a rite of passage to the beautiful world of crypto! In that honour, I will be starting a guide series to trading in cryptos! Simplicity: Our ready-to-go algorithms make crypto trading accessible to everyone. Short term price is entirely random. With Swyftx’s wallet, you can store your cryptocurrency and coins for as long as you like, without any of the risks associated with using other exchanges or online wallets. com I put a small amount of money into crypto as a "just in case" another bull run happens. com Visa Card — the world’s most widely available crypto card, the Crypto. Never leverage trade with your whole portfolio, the maximum exposure I recommend is 1/4th of your entire crypto exposure, don't leverage as a main source of gains, use it as a boost for your main portfolio. I think it's not unusual to get your start in crypto through trading crypto Maybe you even watched some YouTube videos on technical analysis and charting (aka astrology for traders). I would argue that loosing money and getting at least one random 10x on crypto trading is a rite of passage to the beautiful world of crypto! In that honour, I will be starting a guide series to trading in cryptos! So, for this first introductory lesson - let’s cover the very basics and understand the different order types! Stay updated: Keep up with the latest news, trends, and developments in the crypto space by following reputable sources, participating in online forums, and engaging with the community on social media. Don't let short-term price Feb 20, 2024 · Reddit is truly the beating heart of the cryptocurrency world. Like 50$. crypto exchanges, founded in 2011 during crypto’s Paleolithic era. I have chosen 15 crypto pairs to trade according to the backtesting results provided by the platform itself. Please share any insights, tips, or resources that you think could be valuable for someone starting their journey in crypto trading. They charge . There's free trading bots on Kucoin, I have been trying the futures grid bot lately with $100, it's been a month the price is almost the same as when I started the bot but it has profit because of the arbitrages the bot has done over time so it seems like it's a good bot for a long term long hold with a bit of leverage. **Opening the trade using a market order + closing the trade will be 0. We're here to revolutionize how Algorithmic Trading works, and it make it easier and more accessible for everyone! When your crypto has reached an ROI of 1000% or more. Keep with stocks. I would prefer trading with forex since with low price movements you can make handsome rewards. J’utilise cette plateforme pour gérer des positions à court-moyen terme et effectue beaucoup de transactions. r/cryptocopytrading Subreddit can't wait for questions and hot discussions! I regulary buy small amounts of bitcoin to hodl, but recently I also got an account on Kraken to get my feets wet in trading (mostly for fun, money I can afford to lose, no prior skills or experience). It pretty much breaks my number 1 rule of trading crypto: Only invest money you have to lose. Second on crypto trying to time the market is much more difficult than on the regular stock market because there's nothing but hype underpinning most cryptos. This space is severely lacking, so there is absolutely a market for "copy trading". Because, in that case, you will be chasing shitty shady YouTubers and Tweeters anyways - no advice works in that case. So which means if the return of all your trading activity does not beat what Bitcoin is doing, it is not worth to be trading. If you're someone who doesn't want crypto on exchange and wants it on your hardware wallet then i believe Gemini is the best. Nexo is the world’s leading regulated digital assets institution. Week 1 I love all the people in this comment section that have no idea what day trading or technical analysis is. I usually only held bitcoin and ethereum. com DeFi Wallet. 025% (of your trade value) by executing a limit trade, ticking the post only check box and closing that trade using the limit function. 2. I started to day trade crypto last year. 2)Robinhood has no stoplosses for cryptocurrencies, so if you're wrong about a buy and your not watching the market like a hawk, you're fucked. With over 50 million active daily users, Reddit carves a niche for nearly any topic using subreddits. I'd like a platform that doesn't impose KYC, has an exhaustive list of altcoins (not tiny shitcoins, but more like top 100 mkt cap coins), and offers some amount of leverage/margin trading. Jun 17, 2021 · You can start looking into ICOs, new coins and even crypto interest earning platforms to earn yield on your crypto. If you find this helpful, please upvote and share with others who might need it! r/DayTradingCrypto: A community for like-minded day traders or people looking / considering day trading cryptocurrency across various platforms. Welcome to FXGears. I started to go crazy. Make money trading crypto, invest long term in ETF, selected stocks. I did a bit of lurking on this sub and found that some who trade crypto will say that crypto shows patterns in the weekly's, but if it comes to trading crypto on a daily it's unpredictable. Even with a proper reading of the charts, it is still coming down to taking a flyer. Automation: Trade like a pro without the hassle. We would like to show you a description here but the site won’t allow us. What are some tips and tricks that you wish you knew when you first got into the crypto world? I feel like i have no real direction or plan in place rather than to just buy mostly randomly. A broker will facilitate an instant purchase of the digital asset of your choosing and will not offer spot trading. Not boomer enough to invest in bonds though! Would never day trade stocks or forex again. Please note, publish only relevant post on cryptocurrency, especially regarding crypto trading. com serves over 80 million customers today, with the world’s fastest growing crypto app, along with the Crypto. I would always recommend trading with cash when it comes to crypto. It’s just not a good idea for newbies, or anyone really. I was up several times a night checking the prices. I started to day trade crypto last year. com Alts are where the money and risks is also. This is definitely one to pull your coins off of quickly if you do trade through it. In this discussion, let's share our most effective crypto trading strategies and learn from each other. Thanks in advance for your help! Welcome to FXGears. Set up your exchange connections and let Tradetomato do the rest. I mostly intend on trading smaller amounts over certain periods of time just to start playing it safe. Here are some basic guidelines: The math for day trading (crypto or otherwise) doesn't make sense unless you have at least several thousand dollars trade with. You might want to start with paper trading to get used to. Most people are suggesting a 100% crypto trading platform which, at first sight, seems reasonable, but why not use a more established broker like eToro? At least, it is regulated by the FCA, ASIC and CySEC. 35% trading fees and gives you 10 free crypto withdrawals per month. But if I get that extra $100 or so and have time, I like to go for a swing trade. Our…. I had modest gains from holding but wanted to try and make more money by flipping coins and building up my portfolio on highs and lows. I love that some of them get really toxic and passionate about it. Now, I am a hodler and a DCAer. Be patient: Cryptocurrency investments can be volatile, and it's crucial to have a long-term perspective. Aaaah, trading. Trade Bitcoin BTC, Ethereum ETH, Bitcoin Cash BCH, Litecoin LTC, Dogecoin DOGE and more on this cryptocurrency exchange subreddit. You would have made more money just buying and holding most alt coins since you started trading on it. Day trading crypto is the absolute worst thing you can do since exchanges literally trade against you. The crypto-trading platform Binance has over 25 million users, which means it’s part of most cryptocurrency traders First off, you need to trade larger amounts, at least hundreds but usually thousands of dollars per trade to make enough profit to offset trading fees. true. YT channels TopStepTrader with insights into trading psychology, risk management, and practical tips for futures trading Always, ALWAYS prioritize risk management. So first thing I do is make sure BTC is an upwards trend much like what it Trading takes a lot of effort and that effort must pay off. That is poor science. Thanks for your questions, u/LittleVegetable5298. Technical analysts observe patterns of price movements, trading signal and other analytical tools to evaluate the strength and weakness of an asset. crypto. DON'T CLICK CREATE POST! Click below it. Nope! Both are different markets. To me the mental game has always been the hardest part. Trading in general is gambling just like when starting a business. But you can get better VFM regarding fees and spread elsewhere. For diversification sake, look into CeFi solutions like interest-earning platforms like Hodlnaut, Nexo, Celsius, Anchor Protocol, YouHodler Avalanche. com, a trading forum run by professional traders. 07% fees * leverage. 📈 8. At the moment I mostly trade Crypto futures on Binance, which allows me to short or long. Revolut is good for newbies just getting in to crypto, as it's easy to buy and sell. No BS simulated trading. If you’ve taken any crypto trading classes or know of reputable platforms, I’d appreciate your recommendations and personal experiences. All rigged! Still have substantial crypto holdings, run nodes, provide liquidity and stake. If your goal is to trade in the stock market, you def should not practice using crypto. ) You can get paid a maker rebate fee of -0. 13 votes, 32 comments. Next 5-10 years every asset you trade will be on chain. Crypto could give off every bullish indicator available and still sink you by taking on a major drop. This is the way. First rule of crypto, with or without fees you'll lose all your money, lose your sleep, get depressed, get emotionally wrecked, put in jeopardy your relationships with friends, family, partner IF you day trade . Is holding and staking better than trading? Is it worth putting large sums in? Aug 1, 2022 · The old age saying of only put money into Crypto that you are prepared to lose is extremely valuable. If you follow closely and actively trade (not day trading), you can get into lots of projects early. The owner was recently arrested, which caused the exchange to lock all deposits/withdrawals for around a month. This includes all erc-20 tokens. That is why most trading algorithms test profitably and fail as soon as real trading starts. Aug 28, 2024 · /r/altcoin keeps track of all the tokens created and released in the market every year. Every distributed (or non-KYC) exchange that offers crypto futures/perpetuals/margin trading says "not available in the United States, and using a VPN is a ToS violation". And if your goal is to day trade crypto, more power to you. So 10% in crypto B wiped out 100% of gains in crypto A. Community: Join a growing community of traders who’ve chosen to trade smarter, not harder. e. Want to know why NYSE is surveying 24x7 trading? They see the writing on the wall with crypto. Join us for discussions on crypto trading bots, algorithmic trading and cryptocurrency in general. They don’t have of your info. While I have Coinbase as a wallet for buy and hold, I find its list of altcoins highly limiting, fees quite ridiculous, and doesn't offer leveraged trading. com is the best place to buy, sell, and pay with crypto. I thought the same about taxes, but TurboTax has a nice line of products to help pay Stock and Crypto gains. I'm currently looking into launching a crypto hedge fund. I am back testing scalping Crypto strategies at the moment, but they look promising. But good luck! I don't day trade as I don't have the freedom to lose much money, but when I do research cryptos I often use their subreddit + digging around on a google search. I've been trading crypto futures on BYDFii for the past two years. I'm a new trader looking to see which market to trade in. Welcome to Crypto Copy Trading Community! This is the place where you can share your ideas/usercases/questions on copy trading topic. Fewer coins, fewer trading pairs, and more drama issues. If you aren’t able to find a crypto on KuCoin I recommend HotBit. Learn how to set stop-loss orders, calculate position sizes, and manage your overall risk per trade. Altcoins are referred to any cryptocurrency excluding Bitcoin, which includes even ETH, ADA and BNB. Day trading is perfectly doable, but you'll lose money fast if you don't approach it with discipline and a plan. Crypto is relatively new, while forex is a well-established market. The bot is using grid strategy and creates buy and sell orders inside the trading corridor. - Kraken: A secure platform that offers multiple payment options, low fees, and a wide range of cryptocurrencies. Had to stop. Welcome to /r/CryptoTradingRoom - a 100% community driven sub, 0% ban (if post relevant to crypto). This time, I ask of you, what is the best platform to trade algos?(Ex:Binance, Coinbase, anything with a api - Binance: A popular platform for trading with low fees, a wide range of cryptocurrencies, and a user-friendly interface. Kraken is not regulated by any entity, since cryptoassets are not considered financial assets. No psychological practice in paper trading. S. My examples later will assume $4k. The issue I’m having is watching some videos on it, I’m having trouble focusing on some of them and so much of the information is going over my 1. It has many newer listed coins available sooner than the larger CEXs. At least then some of the psychological aspect of trading will be present. The leverage is okay, 125x but most assets have upto 50X leverage. Our… I started to day trade crypto last year. Crypto traders check their performance against the Bitcoin. Learn algorithmic trading from alongside other like-minded, friendly individuals and help each other grow together. You get rewarded moons for submitting good, helpful content like this, and high quality shitposts. Our vision is to help one another grow each day and share tips, strategies, resources and expertise with one another to create an iron-sharpening-iron ethos. Been in a crypto game a long while and have been dabbling in some test swing trades using coinmarketcap. I gave up trading crypto because it’s 24/7, nonstop, go go go. If I have a few extra dollars left over from a trade I'll throw it into crypto on robinhood. So, the idea is to follow the general rule of crypto trading – buy low, sell high. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. trading, staking, lending, bot trading etc. Actuellement Binance est la plateforme qui totalise le plus gros volume journalier de transactions. For DEXs it would be PancakeSwap, MakiSwap, PooCoin and 1inch. I have previous trading experience in other markets but felt uncomfortable with some aspects of trading crypto, specifically how much faster it is than the stock market and how it runs 24 hours a day. 02% for limit orders and 0. Very good trading interface with TradingView charts for both desktop and mobile, stop loss/take profit + many more order types, 200x leverage, 400+ altcoins, and a very fast order its definition is as follows: " Technical analysis is the study of statistical trends, collected from historical price and volume data, to identify opportunities for trade. I am following few ecosystems but that’s already huge occupation to be honest. They do however offer better rates than Huobi per-trade. And with such a volatile market it’s very easy to get rekt while you’re sleeping. Second, if you can't learn how to do research, don't ask for trading strategy advice on r/CryptoCurrency. Position sizing is very important, and without it, people will not be profitable. We are currently just a small algo trading team ($23m) trading our own money, but we are looking to launch a service that small investors can plug into using their own crypto exchange accounts. Fidelity Crypto is a cryptocurrency custody and trading service provided by Fidelity Digital Asset Services, LLC (Fidelity Digital Assets), a New York state-chartered limited liability trust company (NMLS ID 1773897). Jan 8, 2025 · Buy directly from cryptocurrency dealers for simple and quick purchases. Dec 30, 2021 · A 20-year-old crypto market-maker who skipped college breaks down his Reddit-inspired approach to trading — and outlines why he sees ether displacing bitcoin as the 'king cryptocurrency' There are a number of reasons why you - yes, you, the person reading this - should not actively trade crypto. Nov 8, 2024 · Kraken is one of the oldest U. But Josh got very lucky! And the price of Ethereum stays around the value of his entry point. com serves over 100 million customers today, with the world’s fastest growing crypto app, along with the Crypto. Jun 8, 2023 · Find the best subreddits for crypto traders, Bitcoin, meme coins, and more. The top two interests were either Crypto or Options. Is holding and staking better than trading? Is it worth putting large sums in? There are several trading strategies that traders use to buy and sell cryptocurrencies, manage risk, and maximize profits. Oct 18, 2021 · What are some tips and tricks that you wish you knew when you first got into the crypto world? I feel like i have no real direction or plan in place rather than to just buy mostly randomly. cqjzfpo xcm yvmt oqisoia qys pmzbjxyg moyeg icjc ozkshj lord