WeBitcoin: Beginner and How to Guide

Expansion Markets For Bitcoins

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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>There are many opportunities for Bitcoin entrepreneurs.</b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>1. Bitcoin consulting</b> for getting online and offline merchants integrated with Bitcoin appliances, pricing, out-conversion, marketing, and trading.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>2. Developing and selling Bitcoin trading robots</b>. This is a huge potential opportunity for those with the software skills for tackling the coding along with the trading chops for making the robot a profit winner.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>3. Bitcoin financial transfer agents for converting from debit cards,</b> credit cards, loans, gold, silver, local currencies, creating transfers, etc. The old guard institutions consider Bitcoin the enemy. This leaves an open window for those willing to get over the MSB hurdles.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>4. Bitcoin network monitoring codes</b> for alerting Bitcoin users of unusual activity across the network. This would be similar to the stock market where futures indicate the direction of the market before it opens. With this service, Bitcoin users could be alerted to when there is a market rocking event and make decisions accordingly.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>5. Bitcoin advertising network</b>. One of the biggest issues for Bitcoin is that businesses cannot easily use it for buying business services. An advertising network suited for Bitcoin clients will absorb the Bitcoin flow from online merchants. Google refuses to convert to Bitcoin, so another avenue is needed.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Sign up for the newsletter and frequent trading tips, risk warning, and investment strategies about Bitcoin and alternative investments.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">One of the most active forums for Bitcoin: https://bitcointalk.org </span><span style="font-family: "arial" , "helvetica" , sans-serif;">To a future of Bitcoins…and freedom.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://webitcoin.blogspot.com/p/bitcoin-rush.html">Bitcoin Rush: Discover Advantage of Bitcoin</a></span></div>
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Expansion Markets For Bitcoins

There are many opportunities for Bitcoin entrepreneurs. 1. Bitcoin consulting for getting online and offline merchants integrated with Bitcoin appliances, pricing, out-conversion, marketing, and trading. 2. Developing and selling Bitcoin trading robots. This is a huge potential opportunity for thos…

Sep 06, 2015

Bitcoin Debit Cards are Widely Available and Accepted

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<b><span style="font-family: "arial" , "helvetica" , sans-serif;">"Bitcoin debit cards are widely available and accepted"</span></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">There are also a number of apps that allow websites to accept donations or tips in Bitcoin from. You can even apply and obtain Bitcoin debit cards tied to your bitcoin wallet. · </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">On March 21, 2013, the market capitalization of Bitcoin rose to $1 Billion and in April 2013, the value went beyond $100 across MtGox as well as other exchanges.(MtGox is now defunct) · From pizza to space travel? Yes, from November 22, 2013 onwards you can buy </span><span style="font-family: "arial" , "helvetica" , sans-serif;">a seat on Virgin Galactic the space travel offshoot owned by Richard Branson , using Bitcoins. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">In fact the list of goods and services you can buy with bitcoins could conceivable outpace traditional forms of payment everywhere worldwide, this is truly mind-boggling. Just take a look at sites likes https://spendbitcoins.com/places/ Its no wonder Governments world wide have begun to take notice of the fact, that here is an alternative currency they cannot control!</span><br />
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<div style="text-align: center;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://webitcoin.blogspot.com/p/bitcoin-rush.html">Bitcoin Rush: Discover Advantage of Bitcoin</a></span></div>
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Bitcoin Debit Cards are Widely Available and Accepted

"Bitcoin debit cards are widely available and accepted" There are also a number of apps that allow websites to accept donations or tips in Bitcoin from. You can even apply and obtain Bitcoin debit cards tied to your bitcoin wallet. · On March 21, 2013, the market capitalization of Bitcoin rose to …

Sep 06, 2015

Predicting Prices For Bitcoins: Bitcoin Marketplace

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<span style="font-family: "arial" , "helvetica" , sans-serif;">Already, we’ve calculated a possible worth for $/BTC north of $80,000.00 based on the U.S. M2 value.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Including all the worlds’ currencies in that calculation will send that number up by 4 fold or more.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">More important than the currency value of a BTC, is what the realizable value of one will be. We could, and probably will, have a currency regime change between now and 2139 when the last Bitcoins are mined. The question is what will we be able to buy with a Bitcoin, or a dollar for that matter?</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The U.S. dollar will buy less of the critical goods over time, as has been the case ever since 1929. The value of a dollar has declined roughly 97% over that period. Bitcoins will move higher and lower, but will not experience a waterfall decline - unless attacked and stopped by governments or banks. Bitcoins will continue their market penetration, pushing aside inflated national currencies.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://webitcoin.blogspot.com/2015/08/how-to-become-bitcoin-miner-and-earn.html">How to Become A Bitcoin Miner and Earn Bitcoin</a></span></div>
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Predicting Prices For Bitcoins: Bitcoin Marketplace

Already, we’ve calculated a possible worth for $/BTC north of $80,000.00 based on the U.S. M2 value. Including all the worlds’ currencies in that calculation will send that number up by 4 fold or more. More important than the currency value of a BTC, is what the realizable value of one will be. We …

Sep 05, 2015

Alternative Currencies is Against Bitcoins

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<span style="font-family: "arial" , "helvetica" , sans-serif;">Governments, banks, the Federal Reserve (and all central banks), Visa, MasterCard, American Express, taxing agencies, some tech companies such as Apple, Microsoft, Google, Amazon, and the United Nations are all staunchly opposed to Bitcoin.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">In time, Bitcoin can put many a bank under. No more credit card fees, bank accounts fees, or controlled interest rate schemes can flourish when we can provide our own banking services through choice.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheAct8TSXqoSxRtpxKq1DaSNsHDlPIHBvJdzq7nmJ94mdit2cz9ByVrOiC7vwTxz5cwzQGSHHJTG_aCZg86rHP1u-ULN29LwmtqPOTOFCVuD5fNCwagMBOFT937eUPjVRW4LxU210K3qs/s1600/bitcoin-665x385.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="185" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheAct8TSXqoSxRtpxKq1DaSNsHDlPIHBvJdzq7nmJ94mdit2cz9ByVrOiC7vwTxz5cwzQGSHHJTG_aCZg86rHP1u-ULN29LwmtqPOTOFCVuD5fNCwagMBOFT937eUPjVRW4LxU210K3qs/s320/bitcoin-665x385.jpg" width="320" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">On the plus side, the Internet software groups support Bitcoin strongly. The younger generation has adopted it as their own. Asia is betting on Bitcoin to preserve their hopes for increasing wealth while their central banks create massive inflation. Those wishing to keep funds from being confiscated will use Bitcoin (as the Cyprus event demonstrated).</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Forces allied with Bitcoin are more widespread, determined, active, and clever than those opposed to Bitcoin. Bitcoin seems to be emerging victorious.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://webitcoin.blogspot.com/2015/08/how-to-become-bitcoin-miner-and-earn.html">How to Become A Bitcoin Miner and Earn Bitcoin</a></span></div>
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Alternative Currencies is Against Bitcoins

Governments, banks, the Federal Reserve (and all central banks), Visa, MasterCard, American Express, taxing agencies, some tech companies such as Apple, Microsoft, Google, Amazon, and the United Nations are all staunchly opposed to Bitcoin. In time, Bitcoin can put many a bank under. No more credit…

Sep 04, 2015

Opportunities And Dangers Ahead for Bitcoin Users

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<span style="font-family: "arial" , "helvetica" , sans-serif;">According to MtGox.com's traffic estimation chart for only U.S. web access:</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Going from 5k unique visitors per month (UV) to over 25k UV in shows that the future looks bright indeed for both Bitcoin and mtgox. We would see even greater growth from international web access graphs. The majority of Bitcoin users are coming on board from outside the U.S.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Opportunities being seized and presented to the market place include:</span></h3>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>1. Physical forms for Bitcoins with bitbills, Cassascius, and others.</b></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>2. A myriad of applications for Android</b>, iPhone, iPad, Windows, and the tech favorite, Linux.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">aCurrency, an Andorid app for currency conversion now links to Bitcoins. Bitcoin Wallet for Android and many others allow Bitcoins to be used almost like a credit or debit card, from our phone. Either we scan in our Bitcoin address and wallet information from a generated QR code, beam it, email it, or go through a web interface (plus other types of withdrawals not yet fully functional).</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>3. Merchant services from bitpay</b>, OkPay, MtGox, Dwolla, etc. are making it easier for merchants to accept and cash out their BTC's.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>4. Trading platforms are springing up to relieve Mtgox of its dominant role.</b> Mtgox is not universally approved of because it has stopped trading at the most critical points, and often has lower prices.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>5. There are also a host of competitors on the horizon.</b> Ripple is the biggest and best financed so far.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Produced by a company called OpenCoin Inc., Ripple is based on similar concepts to Bitcoin. Ripple is open source and distributed around a network exactly like Bitcoin. One of the key differences is that there are already about 100 billion ripples in existence, but they are fed into the system on a controlled basis.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Read More: </span><span style="font-family: arial, helvetica, sans-serif;"><a href="http://webitcoin.blogspot.com/2015/08/how-to-become-bitcoin-miner-and-earn.html">How to Become A Bitcoin Miner and Earn Bitcoin</a></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">It also uses something called social capital for backing financial capital. Plus, it has trust features for selecting networks to use for payments or transfers. What has the Bitcoin world suspicious though, is that OpenCoin Inc. is backed by large Wall Street venture capital firms.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Ripple has betamax stamped all over it. Bitcoin is working, out of the gate sooner, belongs completely to a voluntary community, and is not affiliated with Wall Street interests.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Other digital only competitors include Litecoin, Lucre, OpenMoney, OpenCoinage, Voucher-Safe, and many more.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Entrenched competitors that are not seeing the growth, but do have tangible assets - gold and silver - backing them include:</i></span><br />
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<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Pecunix</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">GoldMoney</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">BullionVault</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">PerfectMoney</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">LibertyReserve</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Tecnocash</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">C-gold</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Formerly available e-gold</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Global Digital Pay</span></li>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">These gold or silver backed currencies are not widely used, traded, or accepted. They do have the advantage of being backed and convertible into physical precious metals. Without wide market acceptance, however, their future is limited.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>6. Most critically</b>, there are efforts for backing Bitcoins with gold or silver. This is a critical step that will cement BTC's as a functional form of money. There are reasons for not taking this step, as it decentralizes the network if there must be storage for the gold. However, a de facto backing by gold would mean that the value of a BTC is respected enough that it can be tendered for gold.</span><br />
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<div style="text-align: center;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://webitcoin.blogspot.com/p/bitcoin-rush.html">Bitcoin Rush: Discover Advantage of Bitcoin</a></span></div>
</div>

Opportunities And Dangers Ahead for Bitcoin Users

According to MtGox.com's traffic estimation chart for only U.S. web access: Going from 5k unique visitors per month (UV) to over 25k UV in shows that the future looks bright indeed for both Bitcoin and mtgox. We would see even greater growth from international web access graphs. The majority of Bit…

Sep 03, 2015

Bitcoin Application Development for Trading

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<span style="font-family: "arial" , "helvetica" , sans-serif;">The trend for Bitcoin trading leads toward trading robots. While we might consider this a threat, it can be the saving force for Bitcoin. Bitcoin suffers from high volatility or Beta as explained earlier. Trading robots can reduce this volatility. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Trading robots, or software, that tie into trading exchanges via Application Development (Programming) Interfaces, will make frequent small trades when there is movement in the market either up or down.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">These frequent trades for small gains (and losses), are called scalping trades. They steady the market considerably because price movements immediately result in buys or sells against the move.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Mtgox.com has automated trade platform <b>API's</b> with two forms:</span><br />
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<li><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>HTTP API</b></span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Streaming websocket API</b></span></li>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>All relevant trade information can be accessed through these protocols for trading.</i></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">There have been a few free trading bots written in PHP, but they were pulled off sites quickly. A robot that is consistently profitable is worth a fortune. The essence of what makes the robot work is being able to spot the price trends instantly, execute instantly, and avoid significant losses.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">There are downsides for trading software robots. They can crash a market when they gain too large a market share. This is partly what happened in the famous Oct 1987 Black Monday crash. Mutual funds triggered excessive selling with computerized trading platforms.</span><br />
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<span style="font-family: arial, helvetica, sans-serif;"><a href="http://webitcoin.blogspot.com/p/bitcoin-rush.html">Bitcoin Rush: Discover Advantage of Bitcoin</a></span></div>
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Bitcoin Application Development for Trading

The trend for Bitcoin trading leads toward trading robots. While we might consider this a threat, it can be the saving force for Bitcoin. Bitcoin suffers from high volatility or Beta as explained earlier. Trading robots can reduce this volatility. Trading robots, or software, that tie into trading…

Sep 02, 2015

General Trading Principles For Bitcoin Traders

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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Trading technicians focus on three general trends:</b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>First,</b> and most importantly, is the macro or long-term trend. This is also referred to as a secular trend. </span><b style="font-family: Arial, Helvetica, sans-serif;">Second</b><span style="font-family: "arial" , "helvetica" , sans-serif;">, is the medium or primary term trend. </span><b style="font-family: Arial, Helvetica, sans-serif;">Third</b><span style="font-family: "arial" , "helvetica" , sans-serif;">, is the micro, secondary, or short-term trend.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">These terms refer to different time periods for different markets, but roughly speaking they break down as follows:</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Macro/Secular is for greater than 5 years and usually less than 25 years. Gold and silver were in a secular or macro bull market from 1970's into 1980.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Primary/Medium term trends run for a year or more, but not generally longer than 4 years. The U.S. general stock market as shown by the S&P500 has been in a secondary bull market for several years.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Micro/Secondary trends run less than a year and often refer to moves lasting a few weeks or months. The recent dip in the U.S. stock market is probably a micro bear or down trending market. When it reverses and goes higher, it will confirm that this was a secondary down trend and not a switch to a secular bear market.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">All of this seems simple until we have to make the up or down decision. We need only get one decision correct for making a great trade. So, what is the secular or macro trend for Bitcoins relative to our national currency?</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">The other trends - primary and secondary - are both harder to call and often provide a more limited profit. We will cover how to determine those trends briefly, but first we should look to understand the millionaire maker, a.k.a. the macro or secular trend.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The short answer is: <b>Up</b>. <i>Bitcoin is designed to rise in value on average, every year</i>.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Bitcoin has several forces going for it and increasing the exchange value over the long term:</b></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>1. Almost all national currencies are vastly out “printing” Bitcoins.</b> There are about 12 million BTC's as of this writing, while the Federal Reserve creates over $85 billion in USD's for buying government securities every month.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Simply taking an approximate value for the total U.S. currency in near circulation divided by BTC gives a staggering number of the potential value for $/BTC.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">M2 is a mid range predictor of the currency available for transactions in the U.S. M3 is the broadest but discontinued form, while M1 is more descriptive of cash on hand. M2 sits at about $10.5 Trillion per Federal Reserve reports.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">If only 10% of M2 funds went into BTC, that would be about $1 Trillion.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">This looks like:</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">$1,000,000,000,000/ 12,000,000 = $83,333/BTC</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Yes, it is extremely unlikely that 10% of M2 will find it's way into BTC. More likely, and currently happening, is that the number of BTC world-wide participants entering the market grows monthly. So, all we really need is 1% of the world-wide M2 value including the active traders in Japan, China, Russia, Europe, and Africa. Bitcoin will soar in value over time, unless either an exchange default, or a government decisively takes it down.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>2. Bitcoin is worldwide.</b> Almost 70% of searches for the word Bitcoin come from outside the U.S. Asia drives a lot of the Bitcoin trade; Asia is growing much faster than the U.S. Anything tied to Asian growth, will outperform national centric growth patterns.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>3. Increasing taxation and confiscation across the world will drive citizens toward </b>anonymous currencies that have no centralized controlling institution. Many investors in Europe, the U.S, and Asia watched in horror as Cyprus banks and the government stole up to 60% of some bank accounts.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Bitcoin wallets avoid this confiscation threat altogether. There is no bank that can close our Bitcoin accounts or wallets. We can choose to keep our Bitcoins on our computers or USB drives or even memorize them. Bitcoins were designed for just this situation: the need for a private, decentralized, potentially anonymous (hence nontaxable) unit of account, safe from confiscation.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>4. More and more stores are accepting Bitcoins.</b> Numbers are hard to come by on the acceptance rate (over 1000 stores), but already there is a core of stores that translate the virtual value of BTC's into hard goods. With that translation, BTC's gain credibility and utility. When BTC's stabilize more over the $100 point, it will be easier for stores to transition into accepting them.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">Read More: <a href="http://webitcoin.blogspot.com/2015/08/the-bitcoin-secret-trading-full-giude.html">The Bitcoin Secret Trading Full Giude</a></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Wild swings in BTC exchange rates made pricing goods difficult for merchants. Also, with a limited stock of BTC's circulating, there is not enough demand as the user base is limited. When bitcents are traded and even microbits and lower denominations are more common, then the distribution of BTC's can spread. Wider distribution will mean more customers with BTC's to spend, leading to stores meeting the demand.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Already nightclubs such as EVR in New York City accept Bitcoins with a phone app. Trend setting merchants such as this will bring Bitcoin all the popularity needed to close the gap with traditional, centralized currencies.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>5. No significant competitor can challenge Bitcoins entrenched user base,</b> which has been developed over 4 years. Already the Bitcoin competitors are gathering funding and moving in to take over. They will have trouble succeeding because their benefits are marginal, and they will have to build a new user base. We will discuss the future of Bitcoin and possible competitors in a later section.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">All the above factors will send the general trend for Bitcoins relative to national currencies steeply upwards. This trend will continue for many years, possibly as far as 20 years, until there are conflicts within the currency system.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">We can then buy the long-term trend and sit tight while our wealth increases, when comparing BTC to our national currencies.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">For primary and secondary trends, the simplest trading methodology is also one of the most effective.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The chart below (found on <a href="http://www.bitcoincharts.com/">http://www.Bitcoincharts.com</a>) shows a 4-month price window of closing prices, with exponential moving averages from 10 and 25 days and the purple or shaded portion represents Bollinger bands:</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguPtE_rpUP7t4PfrELvQ3WxgxW-82WizRrz360yaQAkh4yzhIX3sbU57D5JFUlEY6Rkg7I8qTlmZh9iWpMEJkTskcIbQk5cyAj_sGTnrl67t-XqjFGlB4fmDRZpCPyFsssz9OhnDDfevE/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Trading Principles For Bitcoin Traders" border="0" height="197" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguPtE_rpUP7t4PfrELvQ3WxgxW-82WizRrz360yaQAkh4yzhIX3sbU57D5JFUlEY6Rkg7I8qTlmZh9iWpMEJkTskcIbQk5cyAj_sGTnrl67t-XqjFGlB4fmDRZpCPyFsssz9OhnDDfevE/s400/chart.jpg" title="Trading Principles For Bitcoin Traders" width="400" /></a>\</div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><a href="http://webitcoin.blogspot.com/p/live-bitcoin-trading-view.html">Checkout Bitcoin Trading Views In Realtime</a></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">What we are looking for are extreme moves where the short-term trend moves significantly beyond the longer-term trend. This tells us that a bubble or reversal may be at hand. A perfect example occurred during the April 1-11 time frame. The chart shows with the Bollinger bands, and the two exponential moving averages shown by the brown and purple lines (the 10 day is almost always above the 25 day EMA line for those with black and white readers), where the danger zone happened. All experienced traders knew there was a steep collapse dead ahead.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Conversely, when the BTC value dives deep into the Bollinger bands, and the short term EMA crosses below the long term EMA line, there is a good opportunity to buy shortly. Then we can ride the short term EMA back up as it re-crosses above the long term EMA.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The main reason we can make these trades confidently is that there is a fixed amount of BTC's in the system. That gives it a strong upward trend bias. We also know that when there is too high of a price spike, the down move will be swift and relatively short-lived. All of this knowledge stems from our most important call – in which Bitcoin is in a secular bull market against all national currencies.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>This is all manual trading. More automated trading uses key techniques such as:</b></span><br />
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<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Stop Loss orders (for selling based on a triggered loss level)</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Stop Age (time based selling)</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Target Price (buying or selling based on reaching a price)</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Buy Order Protection (forces over priced orders to below current market rate)</span></li>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The stop loss and target price tools are the most critical. With a high beta market, the stop loss should be set as high as 20% or even 25%. Lower beta markets can use a 10% stop loss, or what is known as a tight stop loss. This translates to buying in at $100 and setting a stop loss at about $80.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">While there could be much more written for covering other trading techniques, this basic knowledge will suffice. We can spot the too highs and too lows for selling and for buying. That is all we need to do for making a handy profit with Bitcoins.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://webitcoin.blogspot.com/p/bitcoin-rush.html">Bitcoin Rush: Discover Advantage of Bitcoin</a></span></div>
</div>

General Trading Principles For Bitcoin Traders

Trading technicians focus on three general trends: First, and most importantly, is the macro or long-term trend. This is also referred to as a secular trend. Second, is the medium or primary term trend. Third, is the micro, secondary, or short-term trend. These terms refer to different time periods…

Sep 01, 2015

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