Through this article I would like to give you some basic tips and tricks that can be used by Bitcoiners to gain Bitcoin trading benefits!
NOTE TO FOREX PENDER
Many of the traders who previously forex Bitcoin forex traders a little confused when first trying to participate in the market Bitcoin.co.id. Bitcoin trading is very different from forex trading because of the way the trading even though it is different. If from forex we know 2 terms: Long and Short. Long is targeting price rises to get profit and Short is targeting the price down to get profit.
While in Bitcoin trading it is much more like buying and selling goods online that is BUY and SELL. BUY means actually buying goods in the form of Bitcoin and SELL means actually sell goods in the form of Bitcoin. So that the profit is simple only the selling price minus the purchase price. So there is no term Margin Call and PIP in Bitcoin trading. The existence of selling profit or loss.
Minor notes # 1 Forex and Bitcoin are not the same - do not be imposed.
BITCOIN TRADING TIPS
In trading Bitcoin we must have a goal so as not to be confused, because sometimes beginners, especially Bitcoiner Idealis often confused must collect Bitcoin or just pursue profit in selling Bitcoin. If you've decided to become a Bitcoin Trader then sorry you have to bury the soul of your Idealist Bitcoiner deeply. Remember we are here to collect rupiah from the difference between selling and buying not Bitcoin.
Note # 2 Holding Bitcoin means you are holding the item to be sold
Note # 3 Holding Rupiah means looking for the best position to buy merchandise
MERCHANTABLE ENGINE OPTIONS OF SUPER POSITIVE MARKET CONDITIONS
Positive market conditions mean there is a tendency Bitcoin Prices continue to rise throughout the day. For example this morning the price is 3.7 million, a few hours later 3.800.000 next 4.100.000 and so on. In this condition Bitcoin trade tends to be easy. Why ? because you simply buy at a cheap price and sell it at a price slightly higher than the purchase price. Just enjoy the profit until the market rise is finally saturated then you should stop buying and wait for the price to fall back.
Note # 4 Do not get greedy to set sales targets, as long as it's a profit then get used to being satisfied and do not try to sell at unreasonable prices unless you're absolutely sure.
MERCHANTABLE ENGINE OPTIONS OF SUPER NEGATIVE MARKET CONDITIONS
Well this is the most feared merchant Bitcoin. What if the price tends to go down? This morning 4,200,000, a few hours later 4.1 million, 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 will certainly be a loss because no one wants to buy your Bitcoin well above market price unless the buyer really needs it. Remember the buyer is also a smart person who knows how much to buy a decent price when buying.
But the market conditions that tend to fall in fact if we are enough SMART has its own advantages.
Study Case:
Anton has a Bitcoin 3BTC balance he buys at a price of 4.300.000 while the current price of Bitcoin is priced at 4.200.000 if Anton forces to sell it then Anton will lose 300,000. But Anton is aware that Bitcoin prices will tend to fall in the price of 3.9 million due to the declining international market that will surely follow the Indonesian market. So Anton sells 3 Bitcoinnya at 4.200.000 price, then Anton gets 12.6 million rupiah. With the money Anton managed to buy Bitcoin at 4,000,000 price because the market moves according to which Anton estimates then Anton managed to buy 3.15 BTC. It turns out the next day Bitcoin price moves up to 4.200.000 back and Anton sells all the Bitcoin it got to 13.230.000 or it means a profit of Rp 630.000.
Based on the above case study it can be seen that if there is a mistake in previous purchases we can take the opportunity of sharp price decline to increase profit in that way or at least reduce the loss.
Note # 5 Dare to sell at cheaper prices when the market is negative so that it can get a profit
TRADING ENGINE APPLICATIONS WITH 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 put a net buy price at low and the selling price is slightly above the purchase price then the gain in earn. Repeat every hour. The bitcoin market tends to be like playing ping pong - tick tock tik tok tik tok. Each tick is the sound of your sound 😉
Small Note # 6 Listen to the tick tock tick at the stagnant market while smiling
MARKETING MARKET PRICE
Estimating the market price for forex traders who are used to reading graphs of complicated figures is an easy thing but what about us as regular merchants? Do not be discouraged let's use some of these indicators to help us
Bitcoin Price in Indonesia is more Positive than Lowest Price
Every day bitcoin supply around the world increases more than 1 million dollars from miner world wide until the end of 2016 but in Indonesia the number of buyers is greater than the number of existing miner so the price tends to always be higher than the Chinese and Russian market that there are many miner Bitcoin
Small Note # 7 Indonesian prices are rarely below BTC-E prices because our market tends to be positive and Bitcoin supply is less.
Indonsia Market is Follower
The Indonesian market is people who do not want to lose and afraid of profit 😀 Why is that so? because we always see the price outside first up what goes down. So we can take advantage of international prices in ticker. If there is a difference of more than 150,000 generally we will follow the price so you can guess the price that will happen
Small Note # 8 Indonesian prices are always slow following international prices use to read trends.
Hopefully this brief review can be useful for beginners Bitcoin merchants. Continue to continue Bitcoin Traders in Indonesia!
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ATTENTION Bitcoin trade is a high-risk activity. Bitcoin prices fluctuate, where prices can change significantly over time. Please use extra consideration in making a decision to buy or sell Bitcoin. Bitcoin.co.id does not force users to buy or sell Bitcoin, as an investment, or profit-seeking action. All Bitcoin trading decisions are an independent decision by the user.
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