If you are someone who is just learning to trade cryptocurrency, especially Bitcoin, maybe you are still confused how to read candle charts or predict prices, so every transaction is still guessing whether it can profit. Well the following way from me might be your guide to profit before you can read the chart and analyze price. You also can read the DavorCoin Review for the best another currency.
As we know, the market usually consists of a collection of orders (buy order and sell order). With transactions using only orders then you can get a profit.
Yes, you simply transact using the order. If you want to buy you make a buy offer and if you want to sell you sell offer. Your buy offer will be placed on sell order, and vice versa. And because the selling price is always lower than the purchase price then certainly you will profit.
So, the term if you want to buy Bitcoin then people who sell you with cheap price, on the contrary, if you want to sell then others buy from you with the more expensive price. You also can try DavorCoin.
But there are some things that must be met so you can profit smoothly in this way.
- First, the market is active. The market must be busy and active, meaning many people are buying and selling.
- Second, small nominal. You have to make a small nominal order to be fulfilled quickly and not to drown with another order.
- Third, the price is stable or always increases. For example, we buy 100 doges, with 80sat / doge selling rate we issue 8000 Satoshi. When reselling 100 doge turns out the purchase price has gone up, which was now 82sat 85sat / doge. Then you will get 85×100 = 8500 Satoshi, profit 500 Satoshi.
I myself, who started trading capital with only 350 dogecoin/7700 Satoshi (the current rate was 21 Satoshi/dogecoin), using this method now my balance is around 300000 ++ Satoshi (excluding lots of loss: D).
I told again this way is suitable if you start trading with small capital, or with the aim to enlarge capital. If you have a large capital then this way is not very suitable to use.