Advice about BTC trading?

Feb 21, 2022 at 12:10
707 Views
11 Replies
Member Since Jun 23, 2014   6 posts
Feb 21, 2022 at 12:10
Hello,

What do you think is the best way for trading with BitCoin?

Trading on the crypto markets like Binance, CoinBase, and etc or trading as currency pair with some forex broker?

Can share your opinion about the pros and cons?
Member Since Apr 09, 2019   538 posts
Feb 25, 2022 at 11:21
It's not spot on yet but the more money that is coming into BTC the more it is behaving like currencies do. I think it is easier to try and trade BTC now than it was back in 2017/2018 even.
If you can't spot the liquidity then you are the liquidity.
Member Since Feb 12, 2019   105 posts
Feb 28, 2022 at 19:48
Maybe do both .
I hold my Bitcoin on Coinbase other Cryptos on Binance
Trade Crypto on EagleFX , BTC XRP sometimes Dash so id say do both buddy if in doubt just hold
Member Since Mar 30, 2022   6 posts
Mar 30, 2022 at 06:32
I always trade cryptocurrency through cryptocurrency exchanges. There is more functionality and the exchange is tailored specifically for cryptocurrency. I have never even thought about Forex, can it be more convenient?
Member Since Oct 20, 2018   300 posts
Mar 31, 2022 at 20:50
Well... I don't like exchanges much. I hold my coins in hard wallet and trading crypto on broker - EagleFX. After all I'm not trading only crypto but FX too so that's the best way for me.
momchil_slavov@
Member Since Apr 04, 2022   3 posts
Apr 15, 2022 at 09:00
I would suggest focusing on Bitcoin right now, the high liquidity associated with bitcoin makes it a great investment vessel if you're looking for short-term profit. If you're a beginner, there are tons of useful information and tutorials, which might come in handy, if you take a look
Member Since Mar 11, 2022   51 posts
May 18, 2022 at 10:07
I’m not trading cryptos atm, keeping them safe with capital wallet. It’s the need of the hour because of the recent crypto crash and rise in thefts.
Member Since Apr 09, 2019   538 posts
May 18, 2022 at 12:24
Also to be honest the best thing to do is the same with any asset you plan to trade. Try it out on demo and learn how it moves.
If you can't spot the liquidity then you are the liquidity.
Member Since May 18, 2022   2 posts
May 18, 2022 at 14:55
Ripple (XRP) has seen a marginal increase in price as the market enters the weekend. The cryptocurrency is trading at $0.2381 after an increase of about 0.4% over the past 24 hours. The daily trading volume has increased marginally to $534 million.

One of the major points of interest for Ripple (XRP) has been the recent price surge in Bitcoin (BTC) [url]https://jidex.io/xrp-to-btc[/url]. Ripple (XRP), on the other hand, has not seen much of an increase in price. This suggests that investors don’t believe Ripple (XRP) has much to offer in the near future and they are ready to take their profits and invest them in alternatives. At this point, Ripple (XRP) stands as a survivor but it is not yet clear if it can become a major player in the blockchain industry.

The 4 hour chart for XRP/USD shows that Ripple (XRP) has broken out of a descending triangle which is a bullish development. However, Ripple (XRP) is still struggling to sustain above the $0.24 level. The RSI on the 4 hour chart is well below the 50 level which shows that the market is bearish. The MACD shows increasing bearish momentum but the signal line is slowly turning bullish which is a warning sign. However, the most important indicator to look out for would be the Stochastic RSI which is about to make a bearish crossover.
Member Since Jan 13, 2021   52 posts
Jul 15, 2022 at 14:35
lassep posted:
Hello,

What do you think is the best way for trading with BitCoin?

Trading on the crypto markets like Binance, CoinBase, and etc or trading as currency pair with some forex broker?

Can share your opinion about the pros and cons?
Well now is a good time to buy the coin although it could go lower, trading it will allow you to consistently make money on it whether it goes up or down
Member Since Aug 05, 2021   401 posts
Jul 25, 2022 at 17:13
I've done both, but have to say I prefer trading crypto through my broker. I still have an account with an exchange that I use from time to time, but it just seems easier and more preferable the other way.
Member Since Jul 25, 2022   20 posts
Aug 01, 2022 at 07:11
The best I can tell you to do is to analyse the market before you make any trades and when you wish to go online, use a small amount.
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