With the current good news creeping up on Bitcoin and Bitcoin trading, a lot of people are entering the Bitcoin community in order to make some money from trading it. I will be showing you how to trade in cryptocurrency. Everything from reading charts (which provides you with the historical data you need to make a buying decision), to how to make well-guided predictions on the crypto currency market. I will only be covering the basics for now; just enough to get you interested in the wealth of possibilities that cryptocurrency presents. There is a lot to learn about trading and markets(I am still learning too). Everything stated here is just advice, I am not recommending you to do anything with trading, just friendly advice. Do your own research and never invest more than you’re willing to lose.

Note: this is just an exposition on crypto currency trading.



Before you start trading Bitcoin, you have to understand what Bitcoin is before delving into it. Bitcoin is a cryptocurrency, a digital currency just like fiat money(Dollar, Pound Yen, Euro etc.) but unlike fiat, money Bitcoin is only held electronically in what we call Bitcoin wallets



Before buying a Bitcoin, you must have a wallet. There are many great options like Coinomi, Blockchain wallet, Coinbase etc. all these wallets are available for download at Google Play store. All you need to do is register with your real details, and a wallet Id will be given to you, which is an equivalent of your local bank account number.

Now you are ready to buy Bitcoin. You can use Luno(available at Play store), or you can buy from reputable sellers on Nairaland. The current price of Bitcoin is 360 – 375 for a dollar.



After you have bought yourself some Bitcoin, you need a place to buy and sell your Bitcoins to make some profit. There are some good and not so good options out there, here are a few that I know about:



https://www.bittrex.com

http://www.poloniex.com

https://www.bitstamp.net

https://www.kraken.com

https://www.bitfinex.com

they are called Exchanges. Word to the wise, do not put more Bitcoins than you’re willing to lose in any exchange! They can be untrusted like the Nigerian government.



Now, you that have registered on any of these exchanges(I use Bittrex) You need to learn when to buy and sell. This is where it gets complicated for even for me, but don’t panic yet, I will expose you to variables that help me to make informed predictions on when you need to buy or sell by giving you an idea of what is happening in the market. Whether the price is rising or falling, if we are in a bearish market (down trend) or a bullish market (up trend), etc. To find out this information you have to look at market data or charts as they called in the investment world. Here are a few:

https://coinmarketcap.com

This website provides you with all the data you need about Bitcoin and other coins called altcoins. It provides you with information such as; market capital of a coin, the circulating supply, the trade volume(24hr), percentage change, the graph, the website of a coin etc.

Note: altcoins are Bitcoin alternatives that you can invest your Bitcoin in when the price of an altcoin increases you make money when it decreases you lose money, but the beauty of cryptocurrency trading that you can’t lose everything, unlike the stock market.

Another variable that informs you when to make a buying decision is the chart

Go to https://www.tradingview.com you can also find the chart of a coin on all exchange websites.

On a chart, you will see, red and green vertical rectangles. They are called candles. Red means that the price of a coin is reducing, and goes downwards while the green means the opposite. The chart acts as a historical data to understand how a coin has been doing in the past and where it is headed. There are other variables that help us to actually understand where a chart is headed, whether there is going to be a fall or rise in the price. They are known as the support and resistance level.

You can read more about resistance and support level with this book https://www.amazon.co.uk/dp/B074RCVY31

It is a comprehensive guide to trading in crypto currency(with pictures)

Another thing you want to pay attention to is the trade volume. You can find that at https://coinmarketcap.com

Volume plays a huge part in trends that are happening. It can tell you the amount of money being spent to acquire a coin and can be able to dictate whether a trend is here to stay or if it is just a false trend. If the price of an altcoin goes up, but there is a very little volume to support it, odds are the price will go back down. However, if the price goes up and there is a high amount of volume supporting it. You have good reason to believe that the price/trend will stay and can buy into the coin.

The last thing you need to know when watching charts is the order book.



There are two parts to an order book;

Bids (red)
Asks (green).
The Bids are how much people are willing to buy Bitcoins for, and the Asks are how much people are will to sell Bitcoins for.

The order book also gives you a good idea of how much support the current trend has. If you see there are a lot fewer bids than asks. When someone sells a large quantity, the price will change drastically.

All these information are available to you on any exchange site. But it is a lot easier to use an app I downloaded from playstore to do this. Tabtrader. It is easy to use.

source: http://halfworks.com

I hope you learned a little about trading today. Remember this is only part 1 of many parts of cryptocurrency trading

If you have any questions or concerns, you can contact me at halfworks1@gmail.com



Happy investing!

@op, thanks for d info.beside, bitcoin what coin can u recommmend and pls do u know a website dat rate coin. Thanks

Nice post!

This is a good first step. Before I started out trading at Paxful, I read every manual and watched every tutorial video they
have. I even joined their Paxful School and learned some effective trading tips.

Juliana7:
@op, thanks for d info.beside, bitcoin what coin can u recommmend and pls do u know a website dat rate coin. Thanks

sorry for not replying early enough.
We have 1000+ alternate coins out there, you can visit coinmarketcap dot com to view coins based on their volume, market capital rankings. You can do your own research on a particular coin by following them on social media(their website and Twitter) you can also carry out a technical analysis, study support and resistance of a chart. Etc.

elsavanur:
Nice post!

This is a good first step. Before I started out trading at Paxful, I read every manual and watched every tutorial video they
have. I even joined their Paxful School and learned some effective trading tips.

that's a very good step. How has trading been treating you?

If you are in the crypto market and you are yet to get any of this powerful coin coming, it mean you are already sleeping enough.



15 million of Safemoon coin go for #60k

15 million of MRAT coin go for 60k

15 million of free coin BSC coin go for 60k

16 million of NCAT coin go for 60k

Buy it and store it

All are fully on binance market soon.

This information is enough to change your entire life



Contact me on Whatsapp to get it if needed.

0815 246 9749

CRYPTO CURRENCY CANNOT MAKE YOU RICH!


If the above headline is one of the thought you carry or your believe.

Or it is one of the fact that is pushing you from learning it because your spiritual father said it..


hello sir/ma, can you permit me to correct and straight it well.


crypto currency cannot only make you rich it can make you wealthy!

Yes! what I just said now is not from fact nor any motivation speech but real talk about it.


crypto currency trading has turn many Nigerian to instant millionaire infact billionaire!


I have seen an average Nigeria make a great wave of $20,000 from this business within a week.


I have seen a man move from rental appertment to his own house.



Hear this, last month , somebody I know bought a coin called doge at #115 and before anyone know what was happening the coin increase to #145 per one .

He eventually bought over 3,000 of it. Much profit.


Don't invest into what is not profitable but something strong and valuable.


This is what you need to succeed in this business.


Good information and knowledge is the first key you must know.


let me tell you this,


Binance finally list a token but only few people.know.
The price for one is just #5.

The name of the token is *MDT.
Though this coin was in the market but yet to transact.

I told people especially my ongoing student Nationwide to buy this token because of deep information over this project.


Early this morning, the transaction kick started.


The price is now #40 per one !!!!


My fellow,

With just #1000 you will buy 200 of this coin if only you know and you have this said information.

Let assure you wanted to sell this token now at #40. 40*200. You make #8,000. just like that. The price never stop rising!!!!


See the power of good information and knowledge!



Can you please change your mindset?
Can you please find someone to teach you deep details of this business?
Can you please change your mindset?


Do and see good reason why you should do it earlier


That is exactly, what crypto can do for you when you have good information and knowledge towards project.

What are you doing now?



I have advice u enough not to sit behind the door but kick started now.



If you think you need my help in any place in this crypto trading or you need good signal

chatting me and reaching me is not far.

0815 246 9749
olurantiprofile@gmail.com

DM me* if you need any help!


You are the best!


Great day

There are a lots of untapped wealth in Crypto industry.

I pit you if you don't upgrade your brain toward.

Many are tap this hidden wealth while many busy follow the Shadow.

This coin called (stacks. STX) was $0.9359 june 18,this year but today more than $2.


My friend, wake up! Crypto industry is daily growing!

Don't beat the Shadow !

Upgrade yourself

Buy it ,trade it ,stack it and hold it.


I will you best week

Clement
09064873736
(Help and signals support)

Crypto trading actually relies on strategy and information to make a healthy profit...Firstly, you need to be hooked with channels that provide real time market info on possible bull or bear markets and airdrops...

You also need to learn how to list a crypto trade (https://blog.bitmama.io/how-to-list-a-crypto-trade/) and be wise enough to know when to hold and when to exit.

Most of all, I recommend learning from a mentor who is already a pro in the game and trading on reliable platforms like Bitmama

https://bitmama.io/buy-sell/bitcoin-in-nigeria
https://bitmama.io/buy-sell/bitcoin-in-ghana
https://bitmama.io/buy-sell/bitcoin-in-kenya

I recommend them cause I use them too. Good Luck.

HOW TO EARN $500 OR MORE WEEKLY WITH $20-50 USING A HIGH-RANKING EXPERT TRADING METHOD ON BINANCE

When I tell people that in everything they do, they should first seek empowered knowledge and updated information, unfortunately, many don't understand it. Many people believe that they can just go online and start a business. Having spent over 8 years in the forex and cryptocurrency markets, I know some good onions that will not make your eyes water. Now, listen well.

Do you know that you don't need to perform any technical analysis on future trading before you can make good money? Do you know that you can make over 567.45% weekly, even beyond all expectations, with just an app? Many have spent a lot of money to learn and trade, while many have also lost a lot of money. But when you engage some tools, either in spot or future trading, you can make good money. Let me break it down for you.

You need a Binance, Bybit, or Kucoin account.
Connect with a high-ranking trader whose primary job is daily trading.
Fund your account with a minimum of $10.
Initiate this trade immediately.
Download their app and keep watching.
Let me tell you what will happen:

When these high-ranked traders are making money, you too are making money.
You make whatever percentage you set in, and many others.
Let me share my experience from last week:

I funded my Binance account with $100.
I traded with just 10 high-ranking traders.
I traded with 10 USDT each.
Each trade gave me 2 USDT profit based on my settings.
That is a total of $120 profit on that very day.
My dear reader, I don't know your level of information when it comes to trading. I don't know if you are still considering starting this business or not. Whatever your decision, please don't just start but acquire full knowledge about it. Like I always say, crypto trading is like crude oil.

For help or support, you can call or chat with me on WhatsApp: +234-09064873736
Skype: live:.cid.cda495587cf9831f
Email: olurantiprofile@gmail.com