cryptocurrency prices


0
Share via
1 share
cryptocurrency prices

For some time now, I have been closely observing the performance of cryptocurrencies to get a feel of where the market is headed. The routine my elementary school teacher taught me-where you wake up, pray, brush your teeth and take your breakfast has shifted a little to waking up, praying and then hitting the web (starting with coinmarketcap) just to know which crypto assets are in the red.

The beginning of 2018 wasn’t a lovely one for altcoins and relatable assets. Their performance was crippled by the frequent opinions from bankers that the crypto bubble was about to burst. Nevertheless, ardent cryptocurrency followers are still “HODLing” on and truth be told, they are reaping big.

Recently, Bitcoin retraced to almost $5000; Bitcoin Cash came close to $500 while Ethereum found peace at $300. Virtually every coin got hit-apart from newcomers that were still in excitement stage. As of this writing, Bitcoin is back on track and its selling at $8900. Many other cryptos have doubled since the upward trend started and the market cap is resting at $400 billion from the recent crest of $250 billion.

If you are slowly warming up to cryptocurrencies and wish to become a successful trader, the tips below will help you out.

Practical tips on how to trade cryptocurrencies

• Start modestly

You’ve already heard that cryptocurrency prices are skyrocketing. You’ve also probably received the news that this upward trend may not last long. Some naysayers, mostly esteemed bankers and economists usually go ahead to term them as get-rich-quick schemes with no stable foundation.

Such news can make you invest in a hurry and fail to apply moderation. A little analysis of the market trends and cause-worthy currencies to invest in can guarantee you good returns. Whatever you do, do not invest all your hard-earned money into these assets.

• Understand how exchanges work

Recently, I saw a friend of mine post a Facebook feed about one of his friends who went on to trade on an exchange he had zero ideas on how it runs. This is a dangerous move. Always review the site you intend to use before signing up, or at least before you start trading. If they provide a dummy account to play around with, then take that opportunity to learn how the dashboard looks.

• Don’t insist on trading everything

There are over 1400 cryptocurrencies to trade, but it’s impossible to deal with all of them. Spreading your portfolio to a huge number of cryptos than you can effectively manage will minimize your profits. Just select a few of them, read more about them, and how to get their trade signals.

• Stay sober

Cryptocurrencies are volatile. This is both their bane and boon. As a trader, you have to understand that wild price swings are unavoidable. Uncertainty over when to make a move makes one an ineffective trader. Leverage hard data and other research methods to be sure when to execute a trade.

Successful traders belong to various online forums where cryptocurrency discussions regarding market trends and signals are discussed. Sure, your knowledge may be sufficient, but you need to rely on other traders for more relevant data.

• Diversify meaningfully

Virtually everyone will tell you to expand your portfolio, but no one will remind you to deal with currencies with real-world uses. There are a few crappy coins that you can deal with for quick bucks, but the best cryptos to deal with are those that solve existing problems. Coins with real-world uses tend to be less volatile.

Don’t diversify too early or too late. And before you make a move to buy any crypto-asset, ensure you know its market cap, price changes, and daily trading volumes. Keeping a healthy portfolio is the way to reaping big from these digital assets.


Like it? Share with your friends!

0
Share via
1 share

What's Your Reaction?

cute cute
0
cute
damn damn
0
damn
adore adore
0
adore
scary scary
0
scary
vomit vomit
0
vomit
wtf wtf
0
wtf
cry cry
0
cry
laughcry laughcry
0
laughcry
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
coinkudu

COIN KUDU® Fashion

The Best Crypto Fashion. Period.™
Sign up below for an exclusive coupon code you can use instantly on your first purchase :)
AVAIL NOW
This is a limited time offer
close-link

Want to be the Next MicroCap Millionaire?

Special Bonus (don't miss this!)

Win $100 ad spend on STAR LINK®
(enter your best email below)
Offer Expires In:
CK® Limited Time Offer
Win $100
close-link

LOVE FOREX?

Special Bonus (don't miss this!)

Win $100 ad spend on STAR LINK®
(enter your best email below)
Offer Expires In:
CK® Limited Time Offer
Win $100
close-link

COIN KUDU®

Learn the Secrets of Making Bigger Affiliate Profits Easily ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
5x
close-link

COIN KUDU®

How to Go from Beginner to Super Affiliate Instantly ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
affiliate
close-link

COIN KUDU®

Find Out the New Secrets of Affiliate Profits ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
affiliate
close-link

COIN KUDU®

Build Your Own Army of Elite Affiliate Soldiers ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
affiliate
close-link

COIN KUDU®

Surefire Strategies to Building Your Affiliate Team ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
affiliate
close-link

COIN KUDU®

Discover the Powerful System to Building Lifetime Profits ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
affiliate
close-link

COIN KUDU®

Learn the Secrets of Amazon Affiliate Marketing ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
amazon
close-link

COIN KUDU®

Learn the Secrets of Increasing Affiliate Profits with Bridge Pages ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
bridge
close-link

COIN KUDU®

Explode Your Affiliate Income while Generating Instant Cash ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
commission
close-link

COIN KUDU®

Boost Your Affiliate Income Instantly ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
commission
close-link

COIN KUDU®

Discover the Secrets to Mining Affiliate Commissions with Ease ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
commission
close-link

COIN KUDU®

Secrets of High Powered Affiliate Campaigns ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
commission
close-link

COIN KUDU®

Deadly Affiliate Marketing Mistakes ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
deadly
close-link

COIN KUDU®

Your Guide to Make Money with Instant Commission Affiliate Programs ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
instant
close-link

COIN KUDU®

Learn the Secrets of Winning those Big Affiliate Contests ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
win
close-link
close-link
close-link
Love rewards?  Text: subscribe coinkudu  To: 713 987 7537
close-link