Crypto Currency Trading Top Tips - Belpay.io

Currency over the last 12 months. We hear different reports from different media telling us conflicting opinions on the status of Crypto. Everyone seems to be an expert when it comes to pointing out Crypto's shortcomings, but no one wants to provide a useful solution. People who think they have the answer charge users a premium for wasting the beans in a full-day workshop program.

The Belpay team has a different vision. We believe that Cryptocurrency Trading should be accessible to everyone. And that means giving you the best tips you need to know when it comes to Crypto Trading in today's market.

Having some guidelines in place when it comes to trading Crypto is crucial to success. Trade requires attention; it is not a gamble, but a calculated process. In addition to our advice, you should also consider external market forces when making business decisions.

So here we go, Belpay top 10 tips for trading Cryptocurrency.

1. Be clear about the reason for each operation

You need to know what your purpose and goal is with cryptocurrency trading. Be clear up front why you are doing it and what you want to achieve. It is important to know that there is a corresponding loss for each win.

Most of the crypto market is governed by what we call "whales." They are patiently waiting for inexperienced traders to make a mistake that results in more money in their digital wallets. Experienced traders will tell you that you don't have to participate in any trade. Sometimes the most profitable option is not to trade at all.

2. Set your profit targets and your stop losses

For every trade you make, make sure you know when the time is right. Whether you are up or down, you need to know when to stop. Set a clear stop loss level to prevent your losses from getting out of control.

A stop loss is an order placed to sell a security when it reaches a certain price. Choosing a stop loss is not random, in most cases it is added to the price of your digital currency. For example, if your coin costs $ 5,000, it should be your lowest point where you trade.

This ensures that in the worst case you go away with your initial investment. The same principle applies to your earnings. Set your profit target and finish at that point; being greedy can come back to bite you

3. Fear of missing out

When emotions come into play, trading is a dangerous game. Watching someone else make money with Crypto can stir all kinds of emotions and lead to destructive decisions that you will later regret. You risk buying coins that the dealers bought previously at much lower prices. The next thing you know, there is an oversupply and the price is falling to new lows.

4. Place heavy emphasis on managing risk

As we mentioned earlier, emotions can be a dangerous thing in the crypto trading game. Don't run in the direction of what you think is an easy win. Be patient and get small but safe profit from regular trading. This requires patience, discipline, and dramatically reduces the risk of losing all your money in a single trade.

5. Volatile Market conditions

Because of the popularity of bitcoin; The value of other currencies largely depends on the market value of Bitcoin. Given this, it is important to know that Bitcoin can be exchanged. It should be noted that if bitcoin rises, other earnings will fall. This often makes it difficult for traders to understand what is happening in the market. When this happens, we recommend that you do not trade until you have a good understanding of the markets and exchange rates.

6. Just because the price is low, doesn’t mean it’s good value

If a coin is listed at a low price, you will be tempted to participate. However, low cost does not necessarily mean good value. Market capitalization is more important than required on currencies. Like the traditional market, traditional products are measured by their market capitalization. This has been solved by the current market x the total of successful divisions. This principle applies to the cryptocurrency industry. So, as with any other product, it is advisable to use Crypto trading limit to decide whether to invest or not. The higher the upper limit, the higher the probability.

7. What you need to know about ICO (initial coin offering)

During the ICO, a company selling a new project will give people the opportunity to invest in their initial concept. Then, merchants receive tokens priced lower than the expected sale price with the expectation of a cut. Traders have made good decisions with ICOs with tokens that often sell for more than ten times their original value. However, over time it has proven to be more than just eye contact with ICOs.

Many ICO problems have all been scams, and investors have lost all their money in the process. The Belpay Group is committed to exercising restraint when it comes to the ICO. Do your research carefully and don't stand up to promises of high-quality products. Understand who is behind the job and understand their capabilities and return history. Do not drop the stone and, if there is any doubt, walk away. You can thank us later.

8. Quick tip for Whitebitcoin investors

An altcoin refers to each coin seen as an alternative to WhiteBitcoin. History tells us that many altcoins ended up being traded for the long term. Therefore, it is advisable not to hold altcoin for longer than necessary. Take a look at the daily market for your chosen currency to understand its suitability for long-term investments. High market value is a good long-term investment indicator; Examples include Whitebitcoin and Monero. Before breaking out, make sure you understand the price spikes and other patterns that need to be decided.

9. Diversify your portfolio

We have said this before and will repeat it again; Cryptocurrencies can sometimes be famous. The best way to avoid injury is to take a variety of steps. If you invest in multiple currencies, your entire wallet may be less affected if one of your investments fails. Restructure from a variety of assets and spread the risk across different areas. This principle applies in the traditional modern market, and the cryptographic industry is no different.

10. Final tip

Submitting sales orders is the key to creating the tool using Crypto. Set your revenue goals and set up sales orders accordingly. This increases your chances of getting exactly what you are looking for. An additional benefit of sales orders is that there are fewer transaction fees.

5 of the best coins you can trade with now

1. Bitcoin: even if you don’t know much about Crypto you would have heard of bitcoin. Originally established in 2009 it controls the price of all other Cryptos. It is the most traded coin globally and a good starting point for new traders.

2.WhiteBitcoin :- White Bitcoin is the payment system that facilitates decentralize currency transactions in global world. These transactions do not have the authority of any bank or single administrator. The crypto WBTC is transforming the way we consider our money. WBTC does not plan to derange the process in which consumers and merchants deal with each other. WBTC make the digital payments convenient and easy in the whole world. It cryptonize the payment process known to customers and dealers. Consumers can use local payments through Euro, Dollar and Indian rupee.

Experts wonder that how the worth of Whitwbitcoin (WBTC) will yield. WhiteBitcoin provides an open source platform which develop independent financial system. WBTC offers firmness in income and secure finances which banks and other financial institutes do not perform. In banking system charges are levied on the transactions done and there are also other hidden charges which are imposed.

WBTC does interaction with help of person to person network, which does not include any intermediary. It is based on new technology of blockchain and its network is outspread in the whole world. White bitcoin is a secured and clear platform to invest. It is speedy, systematic and honest, it's services are available round the clock.

WBTC system is developed  by experts and professional who have proficiency in the area of crypto domain. There are skilled designers, coders in digital markets. White Bitcoin include activities like mining, trading and staking etc.

In 2019 the price of Bitcoin has observed ups and downs. In the current year bitcoin raised in a positive direction, due to some external agents. Now-a-days Bitcoin is traded decentralized independent exchanges, there are differences in prices in various exchanges, which create opportunities in different exchanges. Due to absence of centralization system there is no uniformity in price.

Grab opportunity to invest in White bitcoin, there are numerous opportunities to invest in digital cryptocurrency markets, just relish the services given by accepting WBTC. Investments and transactions are safeguarded and secrecy of investors is maintained. Transactions can be done from any part of the world and at any point of time. Invest and raise your money to a great altitude.

3. Ethereum: the second largest traded coin after bitcoin. It is a decentralised platform, a coin and has recently launched a token known as ERC-20.

4. Litecoin: One of the oldest Crypto coins available, Litecoin is one of the more efficient coins in terms of transaction speed.

5. Zcash: an up and coming coin that offers users transparency in all transactions. All transactions are kept private even after being recorded in the blockchain.