Must read: How to make money with crypto !

Since there’s a lot of interest in crypto lately ... Today I want to tell you how to make money with crypto. I will discuss the following topics:

The goal and required research
Different ways to trade
Where to trade
Trading tips

THE GOAL AND REQUIRED RESEARCH

There was a time when cryptocurrencies was just simply a dream of people trying to be revolutionary. When blockchain technology reaches all corners of the world, it will have a huge impact within the financial and ICT sector. With that being said, our main goal is to make money out of it right ? Now why should you start trading in crypto ? the answer is simple: It could make you rich and if your goal is just being happy, you can use that well earned money to put a smile on ya face !

Now before you start trading with the intention of making money (six zero’s in a year or two is possible if you do it right). Make sure that you know your limit once a coin or token starts to drop. Sometimes prices of coins drop dramatically and a few of them won’t rise again. Don’t be to greedy ( or to fearful) when you make a profit (or loses). I understand that it’s very attractive to hold when a coin shoot itself to the moon on the charts, but be aware that a coin that went to the moon will drop again because of the demand and offer. I’ll tell you more about this later and how to make a avantage out of this. Also, make sure what your total portfolio value has to be before making any decision.

Good research is required if you want to make a lot of money. But you do have to work for it.
DO NOT CHOOSE RANDOM COINS TO INVEST IN ! I REPEAT, DO NOT CHOOSE RANDOM COINS TO INVEST IN. There are a lot of scammers in the Cryptoworld. Trying to make money of your ignorance. Nothing comes for free ladies and gentlemen, keep that in mind. All I can say about good research is that you can look at the DEV-team behind that coin, their financial backup and will the coin make a difference in the society that we live in? Take a look at their communication with the public is also important, If it’s to beautiful to be true, it’s probably is. Remenber to communicate with the community. You can learn from them.

DIFFERENT WAYS TO TRADE

The art of trading ladies and gentlemen, is that you make a profit out of it. Now remember, profit is profit. If you going in for a short term, you can make quick profits if do it right. Imagine that the value of a coin is worth like… $ 0,03, You bought 10.000 and the price goes up to 0,08. Well congratulations ! you’ve made a small profit. Now with short trading you can sell your coins at 0.08 and buy again with it’s mooning. Watch the chart and make use of it. I have made you a example of the buy moment and the sell moment, with the intention to buy again and make more profit in short term.
This picture will show you what i mean:

Instead of short, you could let your investment stand for a long period of time. Make sure that you have done a good research. Now-a-days the term “HODL” means holding your coin for a long period of time. With the example from short trade you can sell at $ 0,08. With long trades you could wait until the coin has past $0,80 for example. Ofcourse the price will go up and down in the mean time, but if you believe in the dev-team and the added value of your coin, the waiting won’t be a problem and I hope that it will pay you well at the end. With the blockchain tech and crypto still in developing, it might be better to go long but that’s my opinion. If you have like 2k or more… try short and long, with the right research, it will pay you well !

WHERE TO TRADE ?

Depends on what you want to do with your coins, if you want to hodl it for a while, you can use the core wallet that the coins provide. You can also try to use the webshop wallet, like litebit.eu. I often buy my coins like BTC at litebit.eu, then transfer the coins to Bittrex and trade them for long and short. Be aware of scammers ! Don’t use a wallet that you don’t know ! It’s better to transfer your coin directly to a exchange instead of transfer them to a core wallet first. This way, you will pay less fee. I’ve learned a !@#@$$@@ lesson with that. Also, don’t forget to synch the core wallet if you use it for the first time.
If you want to start trading, try one of these exchanges, but becareful tho… learn how the exchange work first before clicking on buying or selling with money on your account !

Bittrex
Binance

TRADING TIPS !

Try to trade with a small amount of money, if it goes wrong, make sure that you can afford to lose the money. There is more than a thousand coins and tokens at the moment.
Visit https://coinmarketcap.com/ to view full list, price, market cap etc.
Visit https://www.tradingview.com to view charts and tools.
If you are looking for coins to invest in, you can try:

Digibyte - DGB ( Do research about this coin, it’s amazing how undervalued this coin is ! )
Reddcoin – RDD (worth doing a research about this, great community !)
Tron – TRX (Do the research !, I think it’s very promising)
Siacoin ( worth the wait, hodl )
Neo
ADA ( learn my lesson with this one, important to hodl ! )
Railblocks
GAS
NEM
Waves
Circuit of value

Now I think that the mentioned coins above will have a big future, but remember: always do your own research ! Ofcourse there is more out there ! you have to check it out !

I hope that this was helpful and that you will start trading soon, the blockchain tech is revolutionary ! marks my words.
If you have questions, comment them below and I will answer them ASAP.
If you have twitter and need some help follow me @Xcryptomaniac for trading tips and cryptonews !

If you like what i’ve wrote, hit the follow button and donations are welcome:
RDD: Rcwp5DtHtJfMxmdLqki44s6SPxTf2Q36UL
BTC: 12XBFCbh43fgcvaWM7oQ9whVT8CiRAEL73

I’ll be back,
kind regards, Xcryptomaniac