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In this DASH analysis, I talk about the growth potential of the overall cryptocurrency market and how that growth will pull up strong alt-coins. DASH is one of my favorite coins because it offers incredible gains at a relatively small risk. With the market starting to recover, this is the best time to start transferring fiat back into the market. I would suggest picking strong coins because those are going to be the coins that grow the most at the beginning.
DASH is in a unique situation because it is currently sitting right at the RSI support level. This means that there is a strong possibility for growth. I would suggest using dollar cost averaging if you are planning to get into this trade. It is going to help you stay confident in case DASH decides to drop from the point that it is at now. With all of this in mind, do your own research and only invest in DASH if it is a coin you truly believe in for the future.
Has has dropped a lot since yesterday, probably the lowest it's been in 2 weeks! Not sure what is going on with dash... It's performance is bad compared to other cryptocurrency that are in its price range
Appreciate you focusing on the emotional aspect of trading. I've only been buying/trading for a few months, and have learned some lessons the hard way. While i lost a lot, it wasn't anything I can't recover from, and some of my hodl/trades have helped me to recover a good part of those losses.
I'd also add this to your advice: NEVER buy crypto on credit! That is worse than buying what you can't afford to lose, because either of those errors will put you in debt, but buying on credit magnifies the loss, and the stress.
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.