Cryptocurrency Trading

[Kimboxterbot]

So I'm new at CC trading and I'd love it if anyone would give me tips and tricks/strats, what to do and what not to do... etc. I still haven't tried to actually trade because I'm scared to do a wrong move. When I start I'll be starting with very low amount ($5-$15) and I wanted to know best sites to trade at and stuff like that too. Thanks!

 

[Kimboxterbot]

Does no one CC trade on MCM, or does no one want to give up their strats and stuff? I get it really, but it would be amazing if you do... if you don't want it shown publically you can always PM it to me

 

[Kimboxterbot]

Unfortunately, on this forum, most people exchanging with Cryptocurrency are using it to purchase Leaksource alternatives and Minecraft accounts. However I'm sure there are some people willing to assist you.

Idk what a leak source alternitive is, but I'm pretty sure there are some CC traders on here... I didn't register on a CC Trading forums and join groups because I'm doing this for fun plus I'm super new... only forums I could think of that might've been able to assist me was on here... oh welp

 

[ImRoot]

Idk what a leak source alternitive is, but I'm pretty sure there are some CC traders on here... I didn't register on a CC Trading forums and join groups because I'm doing this for fun plus I'm super new... only forums I could think of that might've been able to assist me was on here... oh welp

Buying and selling cryptocurrencies is sorta like the stock market. You want to buy low and sell high however since CC's are a VERY unstable currency people usually don't buy 1:1 In large amounts. This is because 1 day bitcoin could be worth 5000$ the next day it may be work 4000$. People will still do 1:1 currently value trades for small amounts of money but if you want a more stable to make money you would go invest in real estate or the stock market. But there are another way to get CC's aswell and its called mining. Since CC's dont have banks or governments regulating the amount of money people can have their computer have do math equations (mostly SHA 256 Encryptions) to get money that way. I recently invested 2000$ in 3 gtx 1070's and i make around 200$ per month mining zec. The disadvantages of mining at home is
1.Power costs are high. Most mines will double or even triple your power costs for the year so generally, you want under 18 cents per kwh if you are going to mine (you can go higher than this but it becomes less profitable)
2. Heat. These computers create a shit ton of heat and will make your room into a sauna
3. Upfront money. It costs alot of money to builds these mines and if you mine a coin for 1 year and dont ever cash out to PP or something and it crashes there goes all of your money. So mining different coins is a good idea.

If you want you can pm me for more details cheers

 

[Kimboxterbot]

Buying and selling cryptocurrencies is sorta like the stock market. You want to buy low and sell high however since CC's are a VERY unstable currency people usually don't buy 1:1 In large amounts. This is because 1 day bitcoin could be worth 5000$ the next day it may be work 4000$. People will still do 1:1 currently value trades for small amounts of money but if you want a more stable to make money you would go invest in real estate or the stock market. But there are another way to get CC's aswell and its called mining. Since CC's dont have banks or governments regulating the amount of money people can have their computer have do math equations (mostly SHA 256 Encryptions) to get money that way. I recently invested 2000$ in 3 gtx 1070's and i make around 200$ per month mining zec. The disadvantages of mining at home is
1.Power costs are high. Most mines will double or even triple your power costs for the year so generally, you want under 18 cents per kwh if you are going to mine (you can go higher than this but it becomes less profitable)
2. Heat. These computers create a shit ton of heat and will make your room into a sauna
3. Upfront money. It costs alot of money to builds these mines and if you mine a coin for 1 year and dont ever cash out to PP or something and it crashes there goes all of your money. So mining different coins is a good idea.

If you want you can pm me for more details cheers

Thanks a ton! I would enter stuff like the stock market and real estate but these are actual fields in schools that are studied... I know nothing about both and would just waste my money if I tried. I need to either take an online course or just wait till I can study them in school... thank you very much again!

 

[ImRoot]

Thanks a ton! I would enter stuff like the stock market and real estate but these are actual fields in schools that are studied... I know nothing about both and would just waste my money if I tried. I need to either take an online course or just wait till I can study them in school... thank you very much again!

np glad i could help

 

[Kimboxterbot]

I have around 13,000$ invested but I'm no where near a 'skillful' investor.

Wowzers o.0

 

[QisGood4U]

I have some friends in the Poloniex Trollbox slack channel that have a few thousand BTC, I just do whatever they say and that made me a few BTC...
Like this guy says
"Buy low, sell high" thats basically all, if you're still doing this and are reading this TODAY. Buy KMD today and buy VERGE (XVG) in two days

 

[Kimboxterbot]

I have some friends in the Poloniex Trollbox slack channel that have a few thousand BTC, I just do whatever they say and that made me a few BTC...
Like this guy says
"Buy low, sell high" thats basically all, if you're still doing this and are reading this TODAY. Buy KMD today and buy VERGE (XVG) in two days

Bruh! No way... can you add me to a group or something? I'll do whatever is said

 

[Window]

You need to invest a bit of money. If you invest like $100 your going to make barely any profit unless the price of the currency doubles.

Also if you want to invest into BTC wait for the value to drop then buy abit

 

[Kimboxterbot]

You need to invest a bit of money. If you invest like $100 your going to make barely any profit unless the price of the currency doubles.

Also if you want to invest into BTC wait for the value to drop then buy abit

Okay.

 

[Kimboxterbot]

What kind of coins ya looking to buy? I got most low/medium currency coins, along with eth, and btc.

I kinda quit this cause I have no understanding in it

 

[Kimboxterbot]

Ah ok well yesterday/today are good times to buy, since the market is p low rn for all coins.

I'll consider it