Introduction to Crypto?
What is Blockchain?
What is Bitcoin?
What are ALTS?
Difference between tokens & coins?
What is coin market cap?
Difference between Spot & Future Trading?
What is Stop loss and Take Profit?
What is Leverage Tokens?
Definition of Trend and its Types?
Why 80% trader’s loss in crypto?
What is LIMIT, MARKET, STOP LIMIT, OCO in trading
How invests your Portfolio?
What is Trading View?
What is Cryptocurrency?
Cryptocurrency is a type of digital asset that typically functions as a currency. The system that makes a cryptocurrency possible is based on cryptography (“crypto”) and a cryptocurrency is meant to be used as a currency (“currency”).
Cryptocurrencies are digital currencies that are not controlled or supported by any central authority like banks. Instead, transactions and ownership data are stored through distributed ledger technology, such as a blockchain.
A blockchain is a distributed database or ledger that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party.
Blockchain technology was first outlined in 1991 by Stuart Haber and W. Scott Stornetta, two mathematicians who wanted to implement a system where document timestamps could not be tampered with. In the late 1990s, Cypherpunk Nick Szabo proposed using a blockchain to secure a digital payments system, known as bit gold (which was never implemented)
Blockchains have been heralded as being a disruptive force to the finance sector, and especially with the functions of payments and banking. However, banks and decentralized blockchains are vastly different.
To see how a bank differs from blockchain, let’s compare the banking system to Bitcoin’s implementation of blockchain.
Hours open
Banks are open from 9:00 am to 5:00 pm on weekdays. Some banks are open on weekends but with limited hours. All banks are closed on banking holidays.
BANKS
•Checks: can cost between $1 and $30 depending on your bank. •ACH: ACH transfers can cost up to $3 when sending to external accounts. •Wire: Outgoing domestic wire transfers can cost as much as $25. Outgoing international wire transfers can cost as much as $45.
BANKS
•Card payments: 24-48 hours •Checks: 24-72 hours to clear •ACH: 24-48 hours •Wire: Within 24 hours unless international *Bank transfers are typically not processed on weekends or bank holidays
BANKS
Bank accounts and other banking products require "Know Your Customer" (KYC) procedures. This means it is legally required for banks to record a customer's identification prior to opening an account.
Government-issued identification, a bank account, and a mobile phone are the minimum requirements for digital transfers.
Hours open
Bitcoin no set hours; open 24/7, 365 days a year
BITCOIN
Bitcoin has variable transaction fees determined by miners and users. This fee can range between $0 and $50 but users have the ability to determine how much of a fee they are willing to pay. This creates an open marketplace where if the user sets their fee too low their transaction may not be processed.
BITCOIN
Bitcoin transactions can take as little as 15 minutes and as much as over an hour depending on network congestion.
BITCOIN
Anyone or anything can participate in Bitcoin’s network with no identification. In theory, even an entity equipped with artificial intelligence could participate.
An internet connection and a mobile phone are the minimum requirements.
Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions. It is rewarded to blockchain miners for the work done to verify transactions and can be purchased on several exchanges.
Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto.
White Paper https://bitcoin.org/en/bitcoin-paper
"Altcoin" is a combination of the two words "alternative" and "coin." It is generally used to include all cryptocurrencies and tokens that are not Bitcoin. Altcoins belong to the blockchains they were explicitly designed for.
The crypto industry has said that the key distinction between coins and tokens is that crypto coins are the native asset of a Blockchain like Bitcoin or Ethereum , whereas crypto tokens are created by platforms and applications that are built on top of an existing Blockchain.
CoinMarketCap provides cryptocurrency market cap rankings, charts, and more. We tracks capitalization of various cryptocurrencies by listing prices, available supply (amount of coins that is currently in circulation), trade volume over last 24 hours, or market capitalizations.
CoinMarketCap was founded in May 2013 by Brandon Chez in Long Island City, Queens, New York.
In Spot Trading, you can only trade in one-side, and gain profit when the price of your holding assets rises. In Futures Trading, you can trade on both sides: buy long when seeing a rise and sell short when seeing a fall. Therefore, Futures Trading is usually chosen to hedge the risk of price fluctuations in the Spot markets to ensure asset value.
Stop loss and take profit are two essential trading orders used to control profits and losses in trade. Both orders are designed to decide how much you are willing to risk or make from each trade. This may seem pretty easy at first, but knowing how to apply for each order correctly according to preset risk management rules is what differentiates successful traders from the crowd.
Unlike margin trading, leveraged tokens allow you to gain exposure to leveraged positions without having to put up any collateral, maintain a maintenance margin level, or worry about the risk of liquidation. However, even though you don't have to worry about the risk of liquidation, there are still risks associated with leveraged token positions, such as the effects of price movements in the perpetual contracts market, premiums, and funding rates.
A crypto market trend is a tendency for data – usually price points – to follow a certain direction on a price chart over time. It can be perceived as a signal of future price movements and forms the basis of many trading strategies.
There are two main types of trends that traders identify when analyzing the market: uptrends and downtrends.
An uptrend, also known as a bullish trend, occurs when a cryptocurrency’s price experiences a sustained rise. On a chart, this will appear as higher price highs over a period of time (Figure 1). Bullish trends occur when a crypto’s demand (buyers) outweighs the supply (sellers).
A downtrend, also called a bearish trend, is a drop in the average price of a cryptocurrency over a certain timeframe. In a downtrend, the asset price action will continue to create lower lows on a chart (Figure 2). This occurs when a market’s sellers are stronger than its buyers.
The most common reason why many traders lose money is simply that they want to become professional traders without learning more about it first. This is mostly because many traders start trading when they see an advert talking about trading (or extremely favorable conditions, such as in early 2020..but this is the next point). These ads are in all platforms like Google, Facebook, and television.
After spotting an ad and learning more about its potential, they open an account and start trading. They do all this without even learning the differences between assets and how trading works. Other people start trading after seeing the hyped stories of millionaire traders on television.
Therefore, we recommend that you take time before you start trading. A good place to start is to look and have a good understanding of the five key stages that traders go through. Knowing these stages will help cushion you from the challenge of losing money as you start your trading career.
The next step to avoid losing money as a trader is to learn the details of trading. Some of the top concepts that you can use are:
Fundamental analysis - This is where you use news and economic events to determine the future direction of an asset.
Technical analysis - This is where you use technical indicators like the moving average and the Relative Strength Index (RSI) to predict the future direction of an asset.
Price action analysis - This is where you use chart patterns like the ascending and descending triangle and head and shoulders to predict the future direction of an asset.
Risk management - Here you will learn more about how to manage your risks in day trading.
Money management - This is the study of how to use and allocate your money in the financial market.
Strategy development - Most importantly, you will learn more about strategy development and how to create a trading plan.
The most important reason why many traders fail is the Fear of Missing Out (one of the most tremendous psychological mistakes you can make). This is where they see other traders doing well and decide to get into the business as well.
The volatile crypto market makes for wild market swings, causing the price to rise and fall quickly. Price can also move in one direction for a long time, especially during bull and bear runs. When a buying market starts to reverse due to a minor price decline or a trend change, uninformed and inexperienced investors sell their positions for fear of losses.
1. Only Invest What You Can Afford to Lose
One of the best ways to invest is to use an amount you can afford to lose or one you won't need for an immediate need. This can help remove your emotional attachment to the money invested. In addition, investing money you don't need immediately will help you remain unmoved by short-term volatility since you believe the price will recover.
2. Always Think Long Term
The crypto market is volatile and constantly has major price swings. A more long-term perspective is usually safer, as you won't get so bothered by daily price swings and seasonal bear markets. Even though the market is volatile, those with a long-term perspective can still summarize what is going on in the market in simple words. It is usually clear if a market is a bull market, a bear market, or simply consolidating.
3. Dollar Cost Averaging
With dollar cost averaging, you won't invest all your capital in one position. Rather, you invest a little at specific intervals over time. This way, a fall in price may not affect all your positions since you didn't invest at the same price
Dollar-cost averaging can protect you from the adverse effects of the bear market. However, it can reduce your general profit in the long run.
4. Diversify Your Portfolio
Another way to avoid panic selling is to diversify your portfolio. Investing in assets other than crypto can help you stay calm since it is less likely that your whole investment will be down at the same time.
One of the best ways to diversify is to invest in non-correlated assets, that is, assets whose price movements are not caused by the same factors that move the cryptos you invested in. That way, your other assets may still be in good condition when crypto prices are down.
5. Always Do Your Own Research
Always do your research before investing in any crypto. In your research, you need to analyze technical, fundamental, and sentimental aspects. Taking your time to analyze and research before entering positions can give you some form of confidence in your positions. In addition, knowing why you entered the trade can help you stay in it even during adverse conditions.
6. Accept the Market Fluctuations and Stick to Your Trading Plan
You are expected to have a trading or investment plan before putting your money into any assets. As much as many investors find it hard to stick to their plan, doing so can help you to
What is a limit order and how does it work?
A limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received (the "limit price"). If the order is filled, it will only be at the specified limit price or better. However, there is no assurance of execution. A limit order may be appropriate when you think you can buy at a price lower than--or sell at a price higher than--the current quote.
What is a market order and how do I use it?
A market order is an order to buy or sell a stock at the market's current best available price. A market order typically ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. A market order is generally appropriate when you think a stock is priced right, when you are sure you want a fill on your order, or when you want an immediate execution.
What Is a Stop-Limit Order?
A stop-limit order is a conditional trade over a set time frame that combines the features of stop with those of a limit order and is used to mitigate risk. It is related to other order types, including limit orders (an order to either buy or sell a specified number of shares at a given price or better) and stop-on-quote orders (an order to either buy or sell a security after its price has surpassed a specified point)
What is a OCO and how does it work?
For instance, if a crypto coin is trading in a range between $100 and $120, a trader could place an OCO order with a buy stop just above $120, and a stop sell just below $100. Once the price breaks above or below the set limit, a trade will be executed and the second one will be canceled.
For long run in crypto world you need to invest your portfolio in three parts
1 30% for long term
this will help to recover your midterm loss if incase loss happened in midterm
2 30% for midterm
this will help to recover your midterm loss if incase loss happened in short Term
3 40% in short term
intraday Tradimg scalping etc
TradingView is a browser-based charting platform and stock screener founded in 2011. It provides real-time market data, technical analysis tools, and social features to help traders