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Dorjoy12

About Bitcoin trading..

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Now a days bitcoin is one of the biggest issues in the world..  For this reason bitcoin  become a headache for all developing countries.. Because of  the price of Bitcoin that reached from the end of December 2016 to the middle of January 2017... We all know that  in 2018 the bitcoin price was raised around 20k usd..  And from that time bitcoin start to affect on every  one.. 

 

Why is the price of this bitcoin so restrained??

 

 Its main reason bitcoin is not a local currency...  It is not the single currency of any country... For this reason, no Country  has control on bitcoin.. It is a decentralized currency, which is traded using blockchain technology...  And this is the main reason why btc  prices are out of control... Though,  developed countries, especially the American regulatory authority SEC, have stepped in to regulate Bitcoin... Though,  i think  its not possible  but we can see what happen  in future.. 

 

Is Bitcoin Trading Legit?

 

Legality is necessary  to work on any major economic issue... In any country, if an organization wants to start work, it must first get legitimacy from the government in that country... For this reason before start  trading on bitcoin, we need to know is bitcoin legal in our country  or not?? You can search About   it in google that is your country accept  bitcoin or not.. Now one thing is if bitcoin trading is not legal in your country then  can't you trade bitcoin?? If bitcoin trading is not legal in your country, you will not be able to trade bitcoin, but that is not right...  We know that Forex is not yet legal in many countries, but dont those country  people do forex trading?? Ofcourse they do but here has one thing to say that there is a little bit of complication in the country that has imposed sanctions on the country that has given legitimacy...

If you are a citizen of a country where there are no barriers to bitcoin trading... And if your country’s  bitcoin trading exchange  site trying  to stole your money then your government  will take action  against  the exchange  site..  Its means there has no fear of lose money in those country where bitcoin trading  is legal..  But if you from those country where bitcoin trading is not legal and if your money get stole by any exchange  site then you cant do against them as your country dont support  bitcoin  trading.. Its means you need to do bitcoin trading by your own risk.. 

 

Where is Bitcoin traded? 

 

 At present, there has 31k plus exchange  site where you can do trade of bitcoin according  to the calculation  of coinmarketcap.. You can choose one or more exchange  site from those exchange  site.. .  But yes, don't forget the issue of trusted and secure....
From those exchange  site coinbase was best but it has lost  It's  popularity  due to lot of limitations.. At present, Chinese trading company Binance is at the top considering security, trading fees and trusts... Though  one and half year ago Bitrrex had taken the first position ..  Also there has lot of forex market where bitcoin can be traded..  But if you want to trade Only  crypto currency  then  it will be better for you to choice those site that has created  for crypto currency  trading..

 

How to create trading account?? 

 

Its not a hard thing  to open  trading account  for bitcoin  or crypto currency .. As you read my topic  for long time then, I will assume that you have a Facebook / Twitter account...And when you use a site like Facebook / Twitter, it is not a complicated matter for you to open an account on any site.... Like other sites, you will open an account here with your email, name, mobile number information... However, opening an account is not an important issue in the cryptocurrency market but after create a account  you must need to follow some rule.. 

 

What to do when opening a trading market account :

 

You may open  lot of website  account in your life but you dont  know that when did you open  those  account...
Maybe you can say About  the year but date?? By the way, i just did fun for explain  a thing seriously  and that is "Date".. No matter which cryptocurrency market you open an account to trade in, it is important to keep track of the activities that will take place from the time you open the account to the time you use it...

Example :The exact date, IP address, email, mobile number of the day you open the account.. You must write those activity  in a safe place.  After that, if you have submitted any documents to verify your account then you must write down the date when you submitted that document and also the date when it was verified...
To increase your account security, write down the date when you activated 2FA and the backup code that will be given to you when activating 2FA... Also sometimes you can take a screenshot of how much balance  has  in your account.. 

After reading so much, maybe you are wondering what I am saying!  Yes, if there is no problem in your account then there is no problem.  But God forbid you have to update any information due to a problem in your account... Suppose your email get deactivated  by Which  you made your  trading account.. Then you will need all the above information to recover the accounts that you have in the cryptocurrency exchange market...  If one of them is omitted, you will lose hope of getting your account back.  So it is your responsibility to take care of your own account...

 

Best of luck cryptotalk members 💕   

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Edited by Dorjoy12
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About trading Bitcoin.
Because Bitcoin is on the internet, they are even easier to steal and much more difficult to return and track. Bitcoin itself is safe, but bitcoins are only as safe as the wallet that stores them. Investing in bitcoin is no joke, and securing your investment should be your top priority ...

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Bitcoin is the best currency in today's market, its price is going up in the market, now by acquiring bitcoin we can exchange our money with eobit and bring it to our own wallet, so I say I am very happy to get this bitcoin in cryptocurrency. Any country can control the price of this bitcoin by controlling its price on the market products so when investors invest they need to know about the price of bitcoin only then I think they can achieve success.

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Now a days bitcoin is one of the biggest issues in the world.. For this reason bitcoin become a headache for all developing countries,Any country can control the price of this bitcoin by controlling its price on the market products so when investors invest they need to know about the price of bitcoin only then I think they can achieve success

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1 hour ago, Mosharraf said:

Bitcoin Crypto is the best currency in the world, trading with Bitcoin can be profitable,

@Mosharraf without any doubt trading on bitcoin is profitable as its demand in crypto market more than another coin.. But as the btc price much high so it will not be possible for every one to hold bitcoin for trading.. Who has big capital can do trade on bitcoin hugely that give them much profit.  Like Twitter CEO Invested 150 million usd on btc..                

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6 hours ago, Dorjoy12 said:

Where is Bitcoin traded? 

 

 At present, there has 31k plus exchange  site where you can do trade of bitcoin according  to the calculation  of coinmarketcap.. You can choose one or more exchange  site from those exchange  site.. .  But yes, don't forget the issue of trusted and secure....
From those exchange  site coinbase was best but it has lost  It's  popularity  due to lot of limitations.. At present, Chinese trading company Binance is at the top considering security, trading fees and trusts... Though  one and half year ago Bitrrex had taken the first position ..  Also there has lot of forex market where bitcoin can be traded..  But if you want to trade Only  crypto currency  then  it will be better for you to choice those site that has created  for crypto currency  trading..

Well explained @Dorjoy12 there are many places to trade bitcoin and there are many methods to trade bitcoin. You have talk about Coinbase and i agree with you in 100%. I used coinbase the first time in 2017 and it was one of my best exchanges... unfortunately, they allow me only to send and receive coins but not to trade my coins! That was really bad and in just one month i shift to HitBTC, though i don't know how i left it but now i use Binance and Yobit most.

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Time is the ultimate weapon!

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1 hour ago, Calvinpriva said:

Well explained @Dorjoy12 there are many places to trade bitcoin and there are many methods to trade bitcoin. You have talk about Coinbase and i agree with you in 100%. I used coinbase the first time in 2017 and it was one of my best exchanges... unfortunately, they allow me only to send and receive coins but not to trade my coins! That was really bad and in just one month i shift to HitBTC, though i don't know how i left it but now i use Binance and Yobit most.

You have made a good decision mate because this two listed exchangers are very good and have earned good reputation from many people around the world within a short period of time which is due to the efficiency and advantages they have over other sites, you will definitely enjoy trading in them and th y are both strong in terms of security.

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49 minutes ago, kenan 1 said:

@Calvinpriva

As for Bitcoin trading, there are many platforms, but we have to choose the platform that gives us credibility in making money, and safety as well.
I am currently using the Yobit platform, from my experience, I found it the best

Absolutely @kenan 1 yobit is one of the best exchanges because it's safe, low fees, quick transactions and has many ways to earn profit. Yobit will catch more attention and a lot of traffic if they'll create a mobile app.

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i see now a days history of this head of all the crypto currencies and found this time is not suitable for some long term investment but make trading in short terms and play safely because we dont know that the price of bitcoin when drops and we get loses .

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It is one of the safest ways to invest your money, bitcoin does not have a great possibility that its value will drop a lot, also it is most likely that its value will rise to a great point.

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15 hours ago, Calvinpriva said:

unfortunately, they allow me only to send and receive coins but not to trade my coins!

@Calvinpriva as coinbase is a american exchange site that is why its only accept trade in their exchange site for those country where crypto currency is legal... If your country dont accept crypto then you cant trade on Coinbase.. 

 

12 hours ago, eliottalderosn said:

most of cryptocurrencies depend on decentralization, yet they don't have that value in the market.

@eliottalderosn You are right my friend..  Though most of crypto depend on decentralization system but those crypto currency project and road map is different  than any success currency like bnb...  I have made a topic about how to find out good crypto currency.... You can check the topic too               

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2 hours ago, Dorjoy12 said:

 as coinbase is a american exchange site that is why its only accept trade in their exchange site for those country where crypto currency is legal... If your country dont accept crypto then you cant trade on Coinbase.. 

I feel bad about this! I love coinbase because it's the most trusted exchange and there are many services i use which they only accept coinbase commerce but unfortunately, i can't use it as well! @Dorjoy12

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9 minutes ago, Calvinpriva said:

I feel bad about this! I love coinbase because it's the most trusted exchange and there are many services i use which they only accept coinbase commerce but unfortunately, i can't use it as well! @Dorjoy12

@Calvinpriva recently coinbase sent us a email about developing its term and conditions in November.. So we can hope that something special feature they will added or they will change the conditions of old feature.. Also i read a article that on the next update of coinbase they will improve the transaction of btc to sent in external account and the transaction time will decrease then than now..                       

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@Dorjoy12Well explained mate about the trading of bitcoin it's such a great topic you have come up with and to add on as talking of my country trading of bitcoin is considered a legal tendency of which it's at one's own risk and that means when one loses his money through hack attacks or scamers vai this trade,he or she can't seek help from the government,just as you said in your topic though many opt this type of trading because it's profitable and there are many ways to trade vai exchanges and peer to peer platforms like Localbitcoins.

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17 hours ago, eliottalderosn said:

@Dorjoy12 I checked it too. Indeed there are other factors that help a coin become successful.

Road map for BNB is so great and that's one of the reasons it is getting more popular and stronger day by day.

I believe in the project and I feel it will be a successful journey for the team behind it and everyone who are investing in it

@eliottalderosn  if you talk about bnb project then i can say bnb project team lead a great planning to make more good about bnb price so that they submit the coin burning project of bnb.. Look the 13th burning of bnb and for the burning bnb price increase hugely.. .. In future all the bnb holder or investor will be in profit.. IMG_20201018_072458_708.thumb.jpg.dc77ed8ac369d484b8729cac8137b937.jpg

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12 hours ago, eliottalderosn said:

that's why I believe it will be one of the top 3 cryptocurrencies in the future

@eliottalderosn as crypto currency market always pump and dump and any time currency position get changed so it can be happen too in future.. As now BNB coin position around 6th in Coin market so there has a chance to come in number 3 position in crypto market sooner or later..      

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On 10/16/2020 at 10:36 AM, Calvinpriva said:

hey allow me only to send and receive coins but not to trade my coins! That was really bad and in just one month i shift to HitBTC, though i don't know how i left it but now i use Binance and Yobit most.

why you dont try to trade your ut bitcoin in other exchanges like binance , huobi and also yobit , i think these exchanges is much better and simple and also greater volume than Coinbase exchange .

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thats a very good post, but i think this post would have been better if it was in beginner section, its all the information newbies will want to know, and even i didnt know there are 31k exchanges! because i know only a handful of exchanges so far.

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We cannot know the legitimacy of Bitcoin from government decisions because many governments do not know any idea about Bitcoin and why it was launched for circulation and perhaps this leads to a waste of time, but as for the price, the great rise has a reason which is that mining rewards decrease with the increase in the demand

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Now a days bitcoin is a headache for every person...there are 31k plus sites of bitcoin trading....if bitcoin is legal in your country then you should trade the coin if not legal in your country then you should not follow the bit coin trade

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Thank you for this valuable information that you provided to us through your article. I hope that it is from your own effort and not copy and paste so that the topic continues in the forum because there are many beginners here who are ignorant of the meaning of the word bitcoin because they entered this field to make profit without knowing the field of digital currencies .

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It is a good thing to collect all this information about trading in cryptocurrencies in one post, but I have a question: Is using a platform not recognized by the state for trading is safe in a country that recognizes Bitcoin?

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3 hours ago, Jaak05 said:

Bitcoin is the biggest problem in the world .. This is why Bitcoin is a headache for all developing countries, any country can control the price of this bitcoin by controlling the marketed products so when investors invest they need to know about the price of Bitcoin I think they can succeed.

Nice one, this is a good start to trading, beginners can gain from it, but it does not indicates somethings about trading, how trading can be so risky and listing the rules to reduce the risks. It also do not indicator more of technical ways traders should have as strategies. But just for people that really want to open a trading account, the write up is good. 

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I think bitcoin trading is more profitable compare to any currency.  But the main problem is capital. Bitcoin is overpriced currency.  But if anyone can buy it is low price, he can make a huge profit. 

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    • Our users can now swiftly exit the matrix of legacy financial systems – Interview with the Tonkeeper team The Open Network (TON) project has been on the front pages of the crypto media in recent weeks. Among the numerous updates, it is worth highlighting the launch of the USDT stablecoin on the TON blockchain. This creates new prospects for the project development, ecosystem, and community. LetsExchange listed USDT-TON ASAP to enable users to benefit from all the advantages the TON network offers. Users can now swap USDT-TON to 4,500+ other cryptocurrencies and buy/sell it with fiat money on LetsExchange. LetsExchange partners can also make the asset available for their users to swap within services and apps using LetsExchange crypto processing. With our partner Tonkeeper, a wallet that allows users to store, receive, and send Toncoin on The Open Network, we shortly discussed thoughts and ideas about the future of the Tonkeeper ecosystem, its benefits, and its potential.   LetsExchange: Can you assess how USDT on the TON blockchain will impact the Tonkeeper community and the project? Tonkeeper: Tether USDT is the world's leading stablecoin, and thanks to low fees on TON and Tonkeeper's convenience and security, it has become super-easy to use for a broad audience. "Tethered USD," or USDT for short, is a hugely successful financial project that brings a relatively stable unit of purchasing power to the world of volatile cryptocurrencies. USDT on TON will definitely add more stability to the TON ecosystem. LetsExchange: Obviously, all these events will positively impact Tonkeeper. Tonkeeper: Well, yes. Tonkeeper becomes the ultimate super-wallet for the entire planet thanks to its super-qualities: Self-custody: You own all your assets directly without any intermediaries or censorship. TON is the most powerful, ultra-scalable blockchain network, guaranteeing high throughput and low fees for billions of users. Tonkeeper Battery: A new service that pays all your blockchain fees automatically. LetsExchange: What benefits does the Tonkeeper wallet offer to USDT TON holders? Tonkeeper: With Tonkeeper, you can easily receive USDT on your personal device, pay for any service that accepts it via a QR code or TON Connect, swap for other tokens, and recharge the battery to cover all the network fees without ever signing up on any centralized exchange. To be clear, the Tonkeeper Battery feature makes Tonkeeper the best way to use USDT. You hold tokens on your device, and with the Tonkeeper Battery, you can pay with USDT without worrying about gas fees or your TON balance. We would say Tonkeeper users can exit the matrix of legacy financial systems with full speed and luxury! You can install the Tonkeeper today and enjoy TON USDT with LetsExchange!
    • Актуальный тариф на 01.05.2024 🚀 Покупаем Криптовалюту 💵 USDT за наличку USD 2.5% За 10000 USDT -> получаете 10250 USD   💲 Продаем Криптовалюту 💼 Наличка USD>USDT +3.5% За 10000 USD -> получаете 9661 USDT Наш сайт.      
    • Приветствуем Всех форумчан, гостей и клиентов! Уведомляем Вас о действующих валют в нашем сервисе.Crypto:1. Bitcoin BTC2. Ethereum ETH3. Avalanche AVAX4. Bitcoin Cash BCH5. BinanceCoin BEP20 BNB6. Dash DASH7. Dogecoin DOGE8. Litecoin LTC9. Polygon MATIC10. Toncoin TON11. Tron TRX12. Dai ETH13. Tether USDT TRC2014. Tether USDT BEP2015. Tether USDT ERC2016. USDCoin ERC20 USDC17. USDCoin TRC20 USDCBank:1. Сбербанк RUB2. Тинькофф RUB3. Альфа-Банк RUB4. РайфайзенБанк RUB5. СБП RUB (любой банк)6. ВТБ RUB7. ГазпромБанк RUB
    • Добрый день, уважаемые пользователи форума! Принимаем заявки по выгодным курсам.   Контакты: -Сайт: star-change.io-Telegram (через кнопку на сайте)-Почта: info@star-change.io
    • Bitcoin продолжает демонстрировать впечатляющий рост, покоряя новые вершины и устанавливая новые исторические рекорды. Этот ведущий криптовалютный актив привлекает все больше внимания со стороны инвесторов и компаний, что способствует его дальнейшему укреплению на рынке. Крупные игроки, такие как Tesla, MicroStrategy и Square, продолжают активно инвестировать в Bitcoin, подтверждая его статус как альтернативного актива с высоким потенциалом для роста.   Знаковым событием стало решение Tesla приобрести $1.5 миллиарда Bitcoin и возможность принимать их в качестве платежей за свою продукцию. Этот шаг вызвал значительный резонанс в индустрии и стимулировал другие компании рассмотреть криптовалюту как часть своего портфеля активов. Появление финансовых инструментов, таких как биржевые фонды (ETF) и фьючерсы на Bitcoin, расширяет доступ институциональных инвесторов к этому цифровому активу, что способствует увеличению спроса и укреплению его позиций на рынке.   В целом, рост и укрепление Bitcoin свидетельствует о его значимости на финансовых рынках и его потенциале для дальнейшего развития. Учитывая все вышеперечисленные факторы, можно с уверенностью сказать, что Bitcoin остается важным активом, способным привлекать новых инвесторов и укреплять свои позиции на мировой финансовой сцене.
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