Experienced cryptocurrency trader. I have been trading an assortment of coins online using multiple exchanges since January 2018.
That makes it actually sound like I know what I’m doing! The truth is, yes, I have been using multiple online exchanges (Coinbase, Binance and BitMEX). The process of using the exchanges is actually very simple and unlike buying stocks and shares, which requires brokers and upfront fees, anyone can buy cryptocurrency and purchase Bitcoin, Ripple, Stella, EOS, Basic Attention Token, NEO, Litecoin, Bitcoin Cash and many others.
When I say trading, up until recently, it was mainly buying the tops and then having to HODL hard to get back out (eventually) what I had put in. I have been mainly using Binance to make these amazing purchases. “Trading” has been pretty much watching TradingView charts and having plenty of ‘Hopium’ for Bitcoin to bounce back and save me!
So, since I am now 70% back in Tether (this week), with the tiniest profit, I am sitting the current $10,343 Bitcoin out. What goes up must come back down, even for a retracement.
FOMO – Fear of Missing Out is a VERY real thing!
For the past 2 years I have been learning how to use an assortment of trading indicators and learning how to read the Bitcoin market. Whilst I only normally trade in altcoins I have learned that Bitcoin has to be respected in controlling every market available. If Bitcoin falls it nearly always brings all the other coins down with it.