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A lot of people will agree that the charts of high market cap coins look similar. If you look at the movement of Bitcoin and Litecoin, you will notice that the charts are almost identical. The biggest difference is that Litecoin seems to have a much larger volatility than Bitcoin. In this video, I talk about how you need to pay attention to how charts react because you may be missing out on gains on similar charts.
Based on the charts at the moment, it looks like Bitcoin could bounce 10% and Litecoin could bounce 20%. I think there is a lot of opportunity to get in on these gains because of the recent drops. The Chinese ICO rumors have created a great opportunity and we need to take advantage of it. Remember, coins are going to be volatile but that is the best way to make money on them. Learning to follow the support and resistance lines is one of the best ways to bring in 5-10% gains.
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your support line did not hold at all and makes you look like a kid looking at a graph and speculating while trying to sound like he knows what he's talking about but it's all based on bs assumptions you cannot predict the future.
If i buy £50 worth of Bitcoin on Coinbase it cost me £4.85 worth of BTC in transaction fees to move it off the platform into my own wallet.
If i buy £50 worth of Litecoin on Coinbase it cost me £0.13 worth of LTC in transaction fees to move it off the platform into my own wallet.
I hope this info helps Guys.... It helps me NOT lose almost 10% of my crypto each time i buy. Moreover, i can shapeshift LTC > BTC any time i like at a fraction of the cost.
My first video of yours (but it made me subscribe). I've been buying LTC since June & even recently bought during the last huge pump a couple weeks ago before the adjusting crash. I think LTC has a bright future! What are your thoughts on Vertcoin? I know it's similar to LTC (it was a fork of it I believe) & I just started mining it.
Magnr is a handy cross-platform trading site connected to a few big Bitcoin exchanges. Accounts never require any personal data or identitiy proof. So signup is quick and possible with anonymous data.
Leverage is available at Kraken up to 5x for several cryptocurrency pairs, including bitcoin. The fees are depending on the volume of the margin account.
Bitcoin can be traded on GDAX up to 5x leverage. The margin trading option must be manually turned on the account in order to make sure the users understands and reads the associated risks.
Margin trading is basically borrowing funds to purchase an asset, this allows you to buy more bitcoins that you would normally be able to do normally in the hope of making bigger profits on the price movements.
Advantages of Margin Trading.
The biggest benefit of margin trading is that you can take advantage of the additional funds when the market moves in the direction you expected. The overall profit of the positions once the bitcoins are soled and the loan is repaid is significantly higher compared to an ordinary trade execution.
Disadvantages of Margin Trading.
The disadvantage of margin trading is by nature the amount of risk a margin account can hold. The higher amount of leverage you take the bigger amount of money you can loose in case the market moves in an unfavorable way. Due to the margin call, the margin account must be funded countinuesly that involves significant amount of liquidity. It is only advisable to trade on marking if you have enough experience already on the market. To mitigate the associated risk, many trading platforms only offers limited amount of leverage trading opportunites.