Through this article I would like to give you some basic tips and tricks that can be used by Bitcoiners to gain Bitcoin trading!
NOTE FOR FOREX PLAYERS
Many Bitcoin traders who were previously forex traders are a little confused when they first try to participate in the market Bitcoin.co.id. Bitcoin trading is very different from forex trading because of the way 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 result of sale and buy 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 you have a profit then get used to satisfied and do not try to sell at a price that does not make sense unless you are absolutely sure.
MERCHANTABLE ENGINEERING IN NEGATIVE SUPER MARKET CONDITIONS
Well this is the most feared Bitcoin traders. 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:
Ariel has a Bitcoin 3BTC balance she bought at 4.300.000 price but currently Bitcoin price is at 4.200.000 price if Ariel force sell it then Ariel will lose 300,000. But Ariel realizes that Bitcoin's price will tend to fall in the price of 3.9 million due to the declining international market that will surely be followed by the Indonesian market. So Ariel sells 3 Bitcoinnya at 4.200.000 price, then Ariel get 12.600.000 rupiah. With the money Ariel managed to buy Bitcoin at 4,000,000 price because the market moves according to Ariel estimate then Ariel managed to buy 3.15 BTC. It turns out the next day Bitcoin price moves up to 4.200.000 back and Ariel sell all the Bitcoin it got to 13.230.000 or it means profit 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.
Minor note # 5 Dare to sell at cheaper prices when the market is negative so it can get a profit
MERCHANTABILITY TECHNIQUE WHILE 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
EXPECT MARKET PRICE
Estimating the market price for forex traders who are used to reading graphs of complicated figures is easy 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 worldwide 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 amount of miner so that 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 that we can take advantage of international price 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!