Bitcoin Trading Basic Techniques To Always Be Profit

Through this article I want to give a few basic tips and tricks that Bitcoiners can use to gain ADVANTAGES in trading Bitcoin!

NOTE FOR FOREX PEMENEN

Many Bitcoin traders who were previously forex traders were a little confused when they first tried to participate in the Bitcoin.co.id market. Bitcoin trading is very different from forex trading because from the terms of the trading method even though it's different. From forex, we know two terms: Long and Short. Long is targeting rising prices to get profit and Short, which is targeting prices to go down to get profit.

Whereas in the Bitcoin trade it is much more like buying and selling goods online, namely the existence of BUY and SELL. BUY means that actually buying goods in the form of Bitcoin and SELL means actually selling goods in the form of Bitcoin. So the profit is simple, namely the selling price minus the purchase price. So there is no term Margin Call and PIP in the Bitcoin trade. The sale of profit or loss goods.

Note # 1 Forex and Bitcoin are not the same - don't be forced.

TRADE TIPS TIPS

In trading Bitcoin we must have a goal so as not to be confused, because sometimes beginners especially Bitcoiner Idealis are often confused about having to collect Bitcoin or even pursue profit in selling Bitcoin. If you have decided to become a Bitcoin Trader then sorry you have to bury your Idealist Bitcoiner soul deeply. Remember we are here collecting rupiah from the difference between selling and buying not goods in the form of Bitcoin.

Small note # 2 Holding Bitcoin means that you are holding items that must be sold


Small note # 3 Holding Rupiah means that you are looking for the best position to buy merchandise


TRADING TECHNIQUES IF THE POSITIVE MARKET CONDITIONS



Positive market conditions mean there is a tendency for Bitcoin prices to continue to rise throughout the day. For example this morning the price is 3,700,000, a few hours later 3,800,000 next 4,100,000 and so on. In this condition Bitcoin trading tends to be easy. Why ? because you just buy at a cheap price and sell it at a price that is slightly higher than the purchase price. Just enjoy the profit until the market increase is finally saturated, then you have to stop buying and wait for the price to fall again.

Small note # 4 Don't be greedy about setting a sales target, as long as it's profit, make it a habit to be satisfied and don't try to sell at a price that doesn't make sense unless you are absolutely sure.



TRADING TECHNIQUES IF SUPER NEGATIVE MARKET CONDITIONS

Now this is what Bitcoin traders fear most. What if prices tend to go down continuously? This morning 4,200,000, a few hours later 4,100,000, a few more hours 4,000,000? If you try to buy and then try to sell at a price higher than the previous purchase price it will definitely be a loss because no one wants to buy your Bitcoin well above the market price unless the buyer is really in need. Remember, buyers are also smart people who know what the purchase price is worth when buying.

But the market conditions that tend to decline actually if we are SMART enough have its own advantages.

Study Case:

Anton has a Bitcoin balance of 3BTC he bought at a price of 4,300,000 even though currently the price of Bitcoin is at a price of 4,200,000 if Anton forces to sell it, Anton will lose 300,000. But Anton realizes that Bitcoin prices will tend to fall at 3,900,000 because the international market is declining which is sure to be followed by the Indonesian market. So Anton sells 3 of his Bitcoin at a price of 4,200,000, so Anton gets 12,600,000 rupiah. With the money Anton managed to buy Bitcoin at a price of 4,000,000 because the market was moving according to what Anton expected, Anton managed to buy 3.15 BTC. Apparently the next day the price of Bitcoin moved up to 4,200,000 again and Anton sold all of the Bitcoin he got to 13,230,000 or that means a profit of Rp. 630,000.
Based on the study case above, it can be seen that in the event of a previous purchase error we can take the opportunity to drop sharp prices to increase profits in this way or at least reduce losses.

Small note # 5 Dare to sell at a cheaper price at a negative market so that you can get profit


TRADING TECHNIQUES IF STAGNAN

Stagnant market conditions tend to be boring but this has its own advantages for small medium traders. Why ? because the price is very predictable! Simply install the purchase price net at low and the selling price is slightly above the purchase price, then the profit is obtained. Repeat every hour. The bitcoin market tends to play ping pong - tik tok tik tok tik tok. Every tick of the tok is the sound of your profit 😉

Small note # 6 Listen to the tick tick tick when the market is stagnant while smiling


ESTABLISHING MARKET PRICES


Estimating market prices for forex users who are used to reading graphs of complicated numbers is easy but what about us as ordinary traders? Don't be discouraged let's use some of these indicators to help us
Bitcoin prices in Indonesia are more positive than the lowest prices
Every day the supply of bitcoin around the world increases by more than 1 million dollars from miners around the world until the end of 2016 but in Indonesia the number of buyers is greater than the number of miners available so prices tend to be higher than the Chinese and Russian markets with many Bitcoin miners

Small note # 7 Indonesian prices are rarely below BTC-E prices because our markets tend to be positive and lack supply of Bitcoin.

The New York Market is a follower
The New York market is people who don't want to lose and are afraid of profits 😀 Why is that? because we always see what the outside price goes up first. So we can take advantage of international prices on the ticker. If there is a difference of more than 150,000, generally our prices will certainly follow so you can guess the price that will occur

Small note # 8 Indonesian prices are always slow to follow international prices use to read trends.

Hopefully this brief review can be useful for beginners of Bitcoin traders. Continue to continue Bitcoin Traders in New York!


Tutorial from

Oscar Darmawan.spd

Bitcoin.co.id CEO

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