In the second part of this article, I will explain further how to dollar-cost average in the most simple and cost-effective way. The best way to invest in cryptocurrencies with dollar cost average strategy is to do it automatically, without manually buying, so this will be the focus of part 2 of this article.
When I started to learn about Bitcoin and cryptocurrencies, like most others, I wasn’t interested in technology that much. I was more interested in how to earn big money and get rich fast. Most newcomers make this mistake. To be clear, I’m still mostly interested in earning money, but I understand much more about the technology behind cryptocurrencies and respect the idea behind it. This article aims to help you see the full process and if you are smart, learn from my mistakes and just jump directly to earning money part!
In this article, I wanted to touch the topic of trading crypto assets on daily basis. Many people discover crypto, take a look at charts, and think “Hey, this looks straightforward, all I need to buy these bottoms and sell when it reaches one of these tops. Easy!”.
If you tried it, you know it’s not that easy. When you are trading with real money, with your money, emotional stability and plan is everything. If you enter the trade without a stop loss and exit plan, you’ll probably lose money.
Crypto exchanges are a gateway into the crypto world so it’s important to carefully choose it. Most users stick with one or two exchanges and keep their coins on them without ever creating a crypto wallet. This makes choosing the right exchange immensely important from a security aspect.
All exchanges mentioned here are tested by me and I have a working account on all of them. During bull crypto markets all exchanges are overwhelmed with new signups and the wait time for verification is up to 2 weeks. So the best time to signup and complete verification (KYC) is during calm periods without big user inflow. Wait time for verification during those periods ranges from a few minutes up to a day.
This post is the start of a series of posts that will cover different aspects of crypto world. It’s meant for everyone except crypto OGs. Beginners and intermediate crypto investors will find the most value in it since everything I write is from experience. I will not recommend you something if I didn’t try it myself. Above everything, I will try to keep you safe from scams which are plenty in crypto world.
So, let’s start!
Let’s start first by breaking some illusions. If you want to invest in crypto to get rich overnight I must disappoint you. There is 99,99% you won’t. Also, there is a very big chance you’ll lose most of your invested money if you decide to invest with that mindset.
With that mindset, you’ll invest in coin or NFT that some Twitter / Youtube influencer is recommending because that’s a revolutionary technology, the next big thing which you just can’t miss! Your chance to realize your “American dream”, invest 1.000€ and sell for 100.000€ in a few days/weeks/months.
If you are starting your own WordPress site or blog, I’m sure this question has come up at some point. Keeping your content updated is one of most important things for your website users and for search engines. I’m here to show you how can you do exactly that for your Hiero WordPress theme, but it should also work with some modifications on other themes.
I apologize in advance to my crypto readers since this post will have nothing to do with crypto, but I will drift away from crypto themes from time to time. Also, since most of building blocks for this blog / website are free and open source, I feel obligated to publish my changes so others may use them and benefit from them.
As stated before, users and search engines appreciate websites and authors who keep their content relevant and updated. If you publish a post in WordPress today on February 22nd and updated it with more relevant information in three months, WordPress will still keep “Posted on February 22nd” text and related meta tags as post date.
If you tried your hand at trading cryptocurrencies you probably heard of divergences. Trading price and indicator divergences were one of the more popular strategies in cryptocurrency trading when I entered the crypto world at the start of 2018. After a few months, I trained myself to spot divergences very quickly, but I noticed others had trouble with that, so I decided to publish indicators on Trading View. At that time, there were a small number of divergence indicators available on Trading View and all of them were buggy. They missed a lot of divergences and even showed nonexistent divergences as valid.
Over time my indicator evolved to become probably the most accurate RSI divergence indicator on Trading View. The indicator source was published intentionally because I hoped other scriptwriters would use it to make all kinds of different divergence indicators now that RSI was covered. Some scriptwriters did just that and made cool new indicators that helped other traders make more informed decisions in their trading.