How to trade cryptos

This is a discussion on How to trade cryptos within the Cryptocurrencies forums, part of the Markets category; You really know a lot about the cryptos. Do you know about the tax situation in the US or UK ...

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Old Dec 16, 2017, 9:18am   #31
 
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You really know a lot about the cryptos.
Do you know about the tax situation in the US or UK ?
I guess if Trump has plenty then the cryptos should be a safe haven in the US.
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Old Dec 16, 2017, 3:14pm   #32
 
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Originally Posted by Pat494 View Post
You really know a lot about the cryptos.
Do you know about the tax situation in the US or UK ?
I guess if Trump has plenty then the cryptos should be a safe haven in the US.
I'm loss about juridical status of bitcoin in many countries. In my country the fintech law is under discussion right now. At the moment aren't taxable the earns of cryptos in Mexico. But that dont apply in USA or EU a far I know.

You can see here a little bit, but the bes way to know about your country in specific is thru bitcointalk (https://bitcointalk.org/index.php?board=74.0) or reddit.


https://en.bitcoin.it/wiki/Tax_compliance
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Old Dec 16, 2017, 5:07pm   #33
 
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Originally Posted by Garvo View Post
I'm loss about juridical status of bitcoin in many countries. In my country the fintech law is under discussion right now. At the moment aren't taxable the earns of cryptos in Mexico. But that dont apply in USA or EU a far I know.

You can see here a little bit, but the bes way to know about your country in specific is thru bitcointalk (https://bitcointalk.org/index.php?board=74.0) or reddit.


https://en.bitcoin.it/wiki/Tax_compliance
Many thanks
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Old Jan 17, 2018, 4:15pm   #34
 
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Old Jan 17, 2018, 4:22pm   #35
 
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Old Jan 21, 2018, 4:37am   #36
 
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Garvo started this thread Iím IN, on this very interesting project called FORTUNA.


FORTUNA:

The First Blockchain Platform for Global OTC Derivatives Market

The whole idea makes me dream a real open trade market between all us.

Please tell me your opinion:



https://www.fota.top/
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Old Jan 22, 2018, 1:15pm   #37
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Originally Posted by Garvo View Post
Iím IN, on this very interesting project called FORTUNA.


FORTUNA:

The First Blockchain Platform for Global OTC Derivatives Market

The whole idea makes me dream a real open trade market between all us.

Please tell me your opinion:



https://www.fota.top/

How blockchain technology improves OTC trading. Existing solutions offered with brokers are good enough to maintain efficient environment for this.. But am I missing something?
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Old Jan 22, 2018, 2:48pm   #38
 
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Originally Posted by gerryg View Post
How blockchain technology improves OTC trading. Existing solutions offered with brokers are good enough to maintain efficient environment for this.. But am I missing something?
It does not, quite the opposite: this adds more complexity, points of failure, hacking vectors, etc...
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Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Jan 22, 2018, 3:07pm   #39
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It does not, quite the opposite: this adds more complexity, points of failure, hacking vectors, etc...
not to mention slow which is pointless
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Old Jan 22, 2018, 8:55pm   #40
 
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not to mention slow which is pointless


Ok, I expected criticism about the idea but more focused on how to carry out the project.

Let's say that I have 1000 stocks of SoftBank ($ SFTBF: OTC) and someone wants call options. I am in Interactive Brokers, so I contact IB to tell him that I want to offer a purchase option for my 1000 shares. Then they tell me to wait until they find a buyer -If they don't tell me not to **** because are just 50K USD and they only fix OTC above 1M-. To fix the whole thing, how much will they charge me? And how much are they going to charge whoever wants to call?

How about that I could set my option on a decentralized platform, adjust the premium and the characteristics to be negotiated to directly benefit the one who wants to call. Let's take that market to all OTC stocks that do not offer derivatives due to the economic and technical limitations imposed by the brokers. Warrants, options, futures.

I do not understand what complexity there is in that, instead I imagine a tremendous cost savings in addition to a direct deal.

Let's say that I, John Doe, want to take a short position in the mortgage market but I do not have 200 M USD, but 20K usd and we think it's 2006.

The possibilities seem endless forgetting about the prejudices about the blokchain technology.
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Old Jan 22, 2018, 9:07pm   #41
 
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The possibilities seem endless forgetting about the prejudices about the blokchain technology.
Blockchain is a solution looking for a problem... and doing it for 25 years and counting...
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Sep 12, 2018, 7:53am   #42
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Ok fredys, there are some basic concepts to know:

1) Know your market:

The cryptoassets world is pretty funny. Is very volatile but also is very predictible.

The crypto world follows the same rules of the stock markets but is much more "innocent", its traders are much more naive and predictable, so you can more easily estimate their supports and resistances.
Now, since January is in a strong bullish cycle, so there are two ways to calculate the target prices: through its total capitalization or through its price in relation to bitcoin. The dollars are not very useful to assess your success. You need a stronger reference: the BTC.
The first, then, is to know your market and there are three places to start investigating interesting assets:

a) https://coinmarketcap.com/

b) https://www.worldcoinindex.com/

c) https://www.cryptocompare.com/

I follow basic rules, if I investigate an asset related to the transfer of purchasing power, I use a maximum of 10-20% of the daily FOREX market to calculate the maximum capitalization and estimate the possible maximums.

If I research an asset related to Internet of Things (IoT) I think of a maximum of 15 trillion in three or four years.

The same applies for assets related to bets, social content, etc.

Soon you will see that cryptoassets are a not so big world, but related to specific things of consumption, especially those that require a controlled and reliable accounting, or the use of data for EVERYTHING.



2) The intrinsic value of your assets:

This aspect is fundamental, the cryptoassets, unlike other assets must have certain unique characteristics:

a) They must be safe. That is, the resistance to being modified, deformed or altered. Bitcoin has become so valuable because it has proven that neither miners, developers, nor large investors can modify its DNA. But bitcoin is just the tip of the iceberg, there are many other safe assets, with an unbreakable cryptographic architecture.

b) Scalability. It is the Achilles heel of Bitcoin and Ethereum. Scalability refers to its practical use in everyday situations, ie how easy you can transfer those assets at the lowest price, is a relationship between the speed and security with which your asset is transferred.

c) Fungibility: That is, the ability to replace an asset of the same nature with another of the same nature. For example, an ounce of gold can be exchanged for an ounce of gold without any problem, they are identical, indistinguishable. On the other hand, bitcoin is not. Suppose you acquire a bitcoin: it is possible to trace the origin of that bitcoin and know what it was used for -to buy drugs, to launder money, etc-; that is to say that there is a trace in the bitcoin.
Instead there are other assets that it is virtually impossible to know in what or how or where they have been used without implying that it is a triple entry accounting asset that can be confirmed in the blockchain.


Which brings us to the most important feature:

d) Triple Entry Accounting: The triple entry system allows you to verify that there is no duplicity, that you do not incur a double expense and makes the system extremely secure. VISA and Mastercard have good scalability and can be very safe, but they are still centralized and therefore easily subject to manipulation by bad actors. With cryptoassets this risk is diminished in an infinite way. The third counter is, of course, the ecosystem -that is, anyone who decides to have the account book on their computer and lends the power of their computer to verify that security (ie the miner or the stakeholder).

The greatest triumph of the cryptoassets is to keep the accounts in the public domain and make it inviolable. This has been achieved by:

1) Domain public software.
2) Universal mathematical rules.
3) Global distribution of the Proof of Work and Proof of Stake.

How to know these characteristics:
In githubhttps://github.com/ you can, if you know programming, check the code. But since we are not experts in programming, just read the specialized people.

Ie:

https://github.com/bitcoin/bitcoin

https://github.com/monero-project/monero

https://github.com/ethereum


e) The economic model of the asset:

Inflationary or deflationary.
The distribution of assets.
The generation of assets.
Its scarcity or abundance.




3) Where to exchange your assets:

Here there are many options and it depends on where you live. Most platforms have a decent trading software, but if necessary there is a fairly complete one called https://www.tradingview.com/ to do technical analysis.




I hope this thread is useful and can grow over the days.
Here I am sharing few tips how to trade cryptocurrencies

- Research every altcoin you are interested in
- Research market trends and analyze data
- Have a Game Plan
- Set Clear Boundaries
- Look For the Small Fry
- Set Achievable Goals
- Learn from Your Mistakes
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Old Sep 16, 2018, 5:25am   #43
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In the present day of technological development, various crypto currencies, i.e. virtual cashs have been traded by people with great interest. Digitization of monetary standard and automation of trading are becoming these virtual currencies more interesting among the traders to want to work with more advnaced trading environment. But, I favor real currency trading with the need of more liquidity and safety. I personllay feel that crypto currencies involves with more insecurity than conventional forex trading.
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Old Sep 18, 2018, 3:47pm   #44
 
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Tell me, what are authoritative and reliable ICO trackers where you can look at the ICO rating, except such as icobench, icopulse, coingecko?
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Old Sep 26, 2018, 7:52am   #45
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If anyone want to start crypto trading then these mistakes you should avoid

- Not understanding basic charting fundamentals
- Panic selling at the bottom, buying back at the top
- Not taking profits; no exit plans
- Looking for the next Bitcoin, Ethereum or Litecoin
- Getting emotionally attached to a coin
- Spending all your money in one go
- Putting all your eggs in one basket
- Not following the news
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