If you’re looking to Bot Trade the crypto coin??Bitcoin Cash (BCC) then we have details on how to do that below, trading is much better than holding (or hodling as some say) as you can increase your investment sum as well as the value of that investment over time. So you can trade??Bitcoin Cash (BCC) and other coins too if you’d like and increase the balance that you have of that coin, all while the value of that coin increases too which means very big profits.
Trading??Bitcoin Cash (BCC)
So the best way to trade??Bitcoin Cash (BCC) is to follow these steps, we cover all that you need to know for trading??Bitcoin Cash (BCC) and other alt-coins so that you can make easy profits:
- There are a few different accounts that you are going to need to open those first, the first is Binance as this is where you will be trading your??Bitcoin Cash (BCC). Binance is easily the best crypto trading platform as it has by far the lowest fees, has the best coins and is also very easy to use.
- The second account is Coinbase, this is where you buy the initial Bitcoin (you trade in Bitcoin so use it to buy and sell??Bitcoin Cash (BCC)). We recommend that you start with a small amount while learning to trade but enough to cover several concurrent trades as you need those as you’ll never be 100% successful in all trades so you need a good amount to allow for the occasional one that goes bad (they’re not bad for long though as you just hold these until the price increases so that the bot can sell them), so we recommend $150 to cover this.
- Once you have bought some Bitcoin you simply need to send it to Binance so get your Bitcoin wallet address from Binance and then use that on Coinbase to send all of the Bitcoin to Binance.
- So once the funds have arrived you are ready to start trading, but in order to do that you are going to have to understand indicators as these are what are used to signal that a buy or sell is needed. The best thing to do is to go to TradingView and use the interactive chart for??Bitcoin Cash (BCC),??have a look at the indicators for data like RSI, MACD, SMA, EMA and Bollinger Bands as these can all be used to signal your bot to buy (or sell). So the best thing to do is to simply play with those indicators and try to match them up to the highs and lows of the??Bitcoin Cash (BCC) price, so for example when the RSI is low the price is generally low or you can use crossovers for indicators like MACD, SMA or EMA as they usually indicate a price increase.
- So once you understand the indicators (just experimenting on TradingView is easily the best way to do that although there are lots of guides online) you are going to need a trading bot and by far the best is??Profit Trailer. This is because it’s very fast and effective, most bots are slow and so miss opportunities or sell too late and so can ruin your trading business but Profit Trailer is so fast and effective so is easily the best choice. You will need to download the bot and run it and then set it up, you will need to enter your Binance API keys and then set up your settings (see the Profit Trailer Wiki for great information on that).
- So enter your settings and use the Wiki to understand them, use those that you have used on TradingView and that you can see work for??Bitcoin Cash (BCC) which means a very high chance of success. Even if you are only planning on trading the one coin (Bitcoin Cash (BCC)) you still need to have several Bitcoin Cash (BCC) positions open so be sure to use a percentage of your balance like 10% for each trade as not all will succeed (they will eventually but you will have to wait on the failures for the price to increase enough to sell again, which the bot automatically does), so having lots open means that most will succeed so you keep the trading going at all times which means more profit.
- You then need to have a selling strategy and Profit Trailer can use lots, we find though that a simple Gain amount with the trailing feature turned on is the most successful (so it will sell at likely the highest amount possible before the price falls back down). So if you are only trading??Bitcoin Cash (BCC) it’s much better to trade rather than hold, see??Compound Daily for an idea of how you can grow your investment, at the same time as the price is generally increasing over time too so huge profits!
- To withdraw your profit you are going to have to transfer Bitcoin (or any other altcoin that Coinbase support) back to Coinbase and then transfer the funds to your bank account from Coinbase as Binance don’t allow you to withdraw to a bank account.
- Don’t withdraw all of your funds though, it is better to keep it growing and so withdraw a small amount like 20% per month so that the total investment grows and so do your profits.
- Lastly, don’t fall for any scams as there are so many in the crypto world, the companies mentioned here are 100% safe and that’s easily verifiable online as they are huge companies. If something sounds too good to be true, it is!
So that is how you can Bot Trade Bitcoin Cash (BCC) and make a lot of money doing so. Holding does just that, as the value of the coin increases you obviously make money, but if you are trading??Bitcoin Cash (BCC) at the same time then you are going to increase your investment size too and so profit much more.
Further tips on??Bitcoin Cash (BCC) Trading
The biggest key factor about LTC is that it can do the atomic swap (it can do peer-to-peer trading without the involvement of any third party) which makes it a better option to choose.??It is difficult to predict the future of crypto coins in 2018 because even the Bitcoin is down by 35% right now but still we will try to tell you the best performing coins in 2018 in which you should invest and try to hold these coins for a long period of time to avoid any loss on your investment.Having a fast customer support would save you lot of anxiousness and time, especially in a quick-paced atmosphere.
This company has been all indulged as in giving out to the trusted charity organizations using the precise tracking of your money all along with the low commission so that more donations can be made.??Sometimes for the beginners choosing the right crypto coin is a big issue to face through. So here we are sharing with some of the essential and central top tips in choosing with crypto coins easily.??For the readers, we would like to mention that the category of digital currency is becoming more popular with every passing day. If you would search around, you will encounter with so many platforms providing you with the ability to trade, exchange, or purchase cryptocurrency.
Start with intensive research
2017 was the best year for crypto coins. Every coin returned amazing returns. But because of many malinvestments 2018 has been a red market for most of the coins.??From having a user-friendly user interface, buy and sell logs to making the interface localised, profit trailer trading bot is definitely taking over the market.
The first factor you have to keep in mind before choosing any crypto coin is its current price. Find low priced coins which are currently less than a dollar. The biggest reason for this that it's easy to multiply your investment because even 1$ increase in its price can make your investment double but in case of BTC you need to wait for 1000$'s worth of increment to have some good profit.??Another essential aspect of the coin is the volume of trade it undergoes on a per day basis.
Trading cryptocurrencies be it any form can be an intimidating affair in itself.??Although, the major restriction which lies with Profit trailer trading bot is that it is not meant for beginners as the need for setting the rightful automated trading strategies will only comes from experienced traders.
If you want to know that what sort of the what sort of the cryptocurrency you want, you will need to use certain exchanges.??Still, it is one of the hottest markets where you can end making up a lot of money if done correctly. Now holding coins for a long time is not a profitable deal but instead of holding, trade them to other coins which can make you quick profit.??This will let the user or the beginner get some sort of encouragement to donate even more and more. All these processes were developed with the aim as to encourage people to give even much more money and help essential causes in which you much care about.