If you’re looking to Bot Trade the crypto coin??VIBE 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??VIBE 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.
So the best way to trade??VIBE is to follow these steps, we cover all that you need to know for trading??VIBE 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??VIBE. 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??VIBE). 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??VIBE,??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??VIBE 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??VIBE which means a very high chance of success. Even if you are only planning on trading the one coin (VIBE) you still need to have several VIBE 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??VIBE 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 VIBE 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??VIBE at the same time then you are going to increase your investment size too and so profit much more.
Further tips on??VIBE Trading
Bitpanda is defined as the medium of the European based exchange. They do sell the Bitcoin, BCash, Dash, Ethereum, Litecoin, and Ripple for US Dollars, as well as Euros, and so as the Swiss Francs.??Each coin is unique and has its own set of fluctuations in the market. With so much speculations in social media to fake exchanges showcasing strategies, making the right choice of coin can be elusive.Crypto Coins are one of the best ways to make a huge profit on your investments but only if you invest smartly.
The most important aspect to remember for trading is to always be careful not to splurge beyond ones means of income.??This is all done in a user-friendly manner what does not need much input.??Binance has to be the top Crypto exchange as it has very low fees (especially if you pay with BNB) and they also have the best coins and a brilliant GUI.
Begin with strategizing
It grew up to 30,000% in 2017 which shows its potential. XRP is looking good right now and it has potential to blow up in the future. Invest in this coin and you will get a good return on your investment.??While selecting any exchange, make sure that it is safe and secure too. This is somehow much vital factor to learn about.
Feel free to ask any question in comment and we will get back to you as soon as we can!??Well, this is all we have ended on with the discussion of some of the critical and top tips as required while choosing crypto coins.
In this article, I am going to tell you 6 Top Tips which you need to keep in mind before jumping in trading your coins.??There are more than 1500 crypto coins and it???s very hard to find next big coin. One way you can make your work easier is by using Reddit Crypto related subreddits to find which next big coin is community going to back up and then do your own research to see if it can return some good profit.
On the last we will be discussing about LocalBitcoins. They step ahead as it offers a peer-to-peer (P2P) exchange. It would let the users in terms to trade among themselves individually.??In the industry of the cryptocurrency, the very first step into the cryptocurrency world will happen to take place as all the way through an exchange.??The Bitcoin is not backed by a material well and gets its value from the simple faith that people have in it will be accepted by others. Like the common currency, its price fluctuates with demand there is for possession, but unlike the currency, Bitcoin is limited in its production of 21 million units.