Tag Archives: trading

To the MOON with Kraken Futures

Everyone who has a little fortune on crypto either actual or fictional gets really excited when the price of Bitcoins ( BTC ) goes up and they go beserk that the price starts going down.

So far there are 4 types of people which I’ve met and I could categorize them like this when BTC starts fluctuating like a yoyo on steroids.

  1. Hold on their crypto and yet imaginatively think how much they have either made or lost if they sold it just now.
  2. Stuck in ALT coins and wished they had sold it when it was at its All Time High (ATH)
  3. The FOMO dude … gets excited or frustrated but do not hold a single crypto wishing they had imaginatively bought some when it was 6 cents.
  4. A trader … enuf said !

Not many dare venture into crypto trade with so much news of exchanges being the targets of hackers and exchanges just do an exit scam. Some also tried it out and had bad experience with it, therefore, they decided not to try it again.

There is no right nor is there wrong in doing any of the above as its your money and your assets. If you had held BTC at a certain point in time, you would almost be in profits just by holding your coins as the value had increased so much that it would be stupid to buy pizza with 10,000 BTC.

Just like in some traditional markets, today’s variety of crypto trading has widened to match the options of the traditional markets. Instead of only the typical exchange which only offers Buy High and Sell Low trade boards. We are all now introduced to other instruments like FUTURES Market for crypto.

What are Crypto Futures Trading ?

source

In a really simple term, you are able to make money whichever way the markets go. Now, also remember that you are also able to loose money whichever way the market goes.

One of the platforms which I kinda like to mess around with is Kraken. I think it has a really slick interface and most importantly, the platform is fast and so far reliable for me.

In most of these Crypto Futures trade platform, you would normally see that they do not use the symbol of BTC as you are not really trading Bitcoins / USD , however, you are trading Bitcoin Contracts. Each contract is normally worth $1 . So if you are buying $100 , you are actually buying 100 contracts.

Image result for crypto futures buy low sell high

There are 2 main type of trades. You can either buy LONG or SHORT. Buying LONG means you buy it at a low price now and possibly sell it at the Higher price. Going SHORT would meant your want to sell at a high price now and then buy it at a lower price. So both ways you are able to earn a lil bit of $$$ …. if you place your order in the right direction.

Those are the 2 most basics you need to know. There are so many other things you can do to minimize your losses, to increase your profits with minimal capital.

So if you are keen or even interested in starting to trade crypto futures market ( its not meant for the weak heart ) I do suggest you just give it a try with perhaps at least $50 or $100 ?

Only trade what you can afford to lose should always be your no.1 rule. As things move extremely fast in the crypto world.

I do suggest you look up tutorials which is abundance on youtube from people who has been trading crypto futures and you will be able to learn a lot. Again, it’s your money, therefore, I’m sure you would always like to make the best decision to your best ability.

Here is the link if you want to checkout the platform

https://futures.kraken.com/

Cheers and have a brilliant week ! Stay safe !

So BTC is up – What’s your move ?

It seems like a great week for cryptos and at this current point of time of this writing, BTCs seems to be on its bull run.

Its great and all however what have you done to take advantage of markets like this ? Or in actual fact, what have you done ?

Normally to prep and maximize on BULL runs are to tame the BEAR markets and did you know over the past 8 – 12 weeks when BTC was just tanking vs the USD there was a very noticeable pattern in trade.

Its normally early of the week markets will dip and start to rise once more towards the weekend. As weeks goes by, the market starts to dip earlier and earlier.

I can’t really explain this as I’m no “trade” expert and will never ever claim to be one . These were the times where many traders were taking advantage of the predictable market trends to grow their BTCs.

One of the chat groups that I’m in pushed their USD100 to close to 10 folds just by riding the waves. The whole idea is not to focus on the $$$ but focus on increasing the volume of your BTCs. So we do lookout for trades vs altcoins as well since the yield can go crazy at times.

Trading is actually fun however there are no shortcuts … you gain on some days and you just need to tank on others. The idea is not to be greedy.

There are so many people currently trading bitcoins and the image above was shared awhile ago .. I’m not 100% sure if the data is still valid however that gives you an idea as to how many people are actually trading cryptos.

Back to the question !

What’s your move ? The price of BTCs are up …. what would you be doing to take advantage of this bull market. Indication states that its pushing for $7500 however i’m anticipating for a slightly higher target.

There are lots of questions in any traders head but most of it sums up to , is this bull run sustainable ?

I do use a tool which keeps me updated with all the happenings and news that goes around 24/7 . You should check it out and see if this app works for you. Here is my link if you are thinking of downloading it. Its one really handy app … https://bi.city/s/Vqtff2

For me, I’ve got my expected price to sell and then dump most of the profits into STEEM where the rest would be reinvested into my daily trades.

What about you ?

Have a great weekend everyone !

STEEM’s SMT Trading Exchange

Over the past few weeks, we’ve heard of initiatives like @steemengine which enables anyone on STEEM to create their own tokens. I think its a great idea and I knew that there were some discussion on using side-chains to create SMT Simple tokens for projects on STEEM.

People like @actifit , @steemhunt and even @magic-dice and who knows perhaps @drugwars will and some already have benefit from having their own token within the STEEM ecosystem.

Recently @steemhunt had signed a MOU ( memorandum of understanding ) stating a collaborative effort to get SMT tokens tradable on DAYBIT exchange

http://bit.ly/2ScUlWx

In all honesty, I only used a number of exchanges and this was the first time hearing about DAYBIT so I decided to dig in more. Even though there is no STEEM / SBD wallet yet , I did try depositing a lil bit of crypto’s in and start to explore this exchange.

At a glance, it looks just like ANY other exchange. And this is the top 5 exchange in Korea ? I did the norm signup and mobile registration. You had to do it to enable the deposits and 2FA.

The uniqueness about this exchange is that this exchange is just uniquely fast ! After reading more about it, its actually developed using a programming language called “Erlang” which is used for high-capacity data … example WhatsApp, LINE and even games like League of Legends.

What really caught my attention was its built in “trade intelligence”. So If you wanted to catch a trade at the top ( almost top ) and then sell .. you can actually set it to do so.

In the screen above I have set my trade to SELL my EOS to USDT after figuring out the TOP and it drops 5%. Now upon writing this , I just placed my order and waiting for it to execute. Hopefully I can report good news in my next article.

So literally you can also set the BUY signal at the bottom. I’ve not tried it out yet, however excited to see how it goes.

So before DAYBIT enables SMT tokens on the exchange, why not you give it a try so that onces SMT is on board you know how to auto trade. To signup, click the link below

https://daybit.page.link/SaF3gBzNda55NaQS7

A little bonus, if do trade on this exchange, you are also able to earn DAY token. Currently trading at $0.03 per token.

So checkout DAYBIT today …. and you must try the auto trade. Do let me know your experience on this exchange if you have used it before.