Making money by trading Bitcoins, Litecoins, Darkcoins and other virtual currencies is a profitable business. But it has a high risk for people who have no strategy and just randomly trade. In the long run they will surely lose their investment. But I managed to double my Bitcoins in 3 month with a trading strategy that I am about to share with you!
Trading Bitcoin, Litecoin, Darkcoin and other virtual currencies is a profitable business, but it is very risky for people who do not have a trading strategy and random trading. Over time, there is no doubt that they will lose their entire investment. But I used a trading strategy that doubled my Bitcoin in three months, and now I share it with you.
I made up a rather complex but very effective trading strategy that will always work, if applied correctly. You will be able to trade virtual currencies with (almost) no risk and you will know how much exactly you will earn every time. I have programmed a trading bot in PHP for the CEX.IO market that does this automatically and I will publish the source code for free download!
I have put together a complex but always very effective trading strategy. If applied correctly, you will be able to trade virtual currencies without risk and know exactly how much money to make at any time.CEX.IOThis marketplace is automatically executed. I will publish the open source source code.
The basic concept behind the virtual currencies trading strategy is quite simple: You calculate how much you can earn from a trade.
The basic concept behind this cryptocurrency trading strategy is simple: Calculate how much you can earn on your trades.
If the profit is more than 0, and if it is enough for you – then you trade. If the profit is not enough, you skip.
If the return is greater than 0 and if the return is sufficient for you, you can trade. If the return is not, you can wait.
You wait a few minutes and start from point 1. I am lazy and I don’t like to calculate at Step 1, and I don’t like to repeat thing over and over. The bitcoin trading strategy requires some simple math every time you trade and that is why I use a bot to automate the process.
You can wait a few minutes and start from the beginning. I'm a comparatively slow person and I don't like to calculate the first step, I don't like to do things over and over again. Bitcoin trading strategies require some simple methods to trade at any time, which is why I use robots to automate processing.
The idea behind the bitcoin trading strategy To explain how my strategy works I will build up the idea in steps – starting from the basics
The idea behind this Bitcoin trading strategy I will explain how my strategy works, starting with the most basic step-by-step thought process.
Imagine that you have 1 Bitcoin. You sell your Bitcoin to buy Litecoins. You sell the Litecoins to buy Darkcoins. You sell the Darkcoins to buy Bitcoins. If you pay no transaction fees and taxes, at the end you will have 1 Bitcoin again.
Imagine that you have a Bitcoin, you sell your Bitcoin to buy Litecoin, you sell the Litecoin to buy Blackcoin. You sell Blackcoin and buy Bitcoin. If you don't trade fees and taxes, you end up with a Bitcoin.
So basically you trade:
1 BTC → LTC → DRK → 1 BTC
So basically, your deal is: 1 Bitcoin - Axe Litecoin - Axe Blackcoin - Axe 1 Bitcoin is the most common type of bitcoin.
The statement in Step 1 would be correct in a perfectly balanced, high demand market with no taxes. But the real market is not like that. Imagine that the market has no taxes but the supply and demand on the market will change over time and this will cause a dis-balance in the prices at certain moments. So at the end of the trade you will not get exactly 1 Bitcoin. You will get a little more or a little less. For example:
The first step is indeed in a perfect equilibrium scenario. A high-demand market is tax-free, but a real market is not like that. Imagine a market without taxes but supply and demand in the market will change over time and create price imbalances over time.
1 BTC → LTC → DRK → 0.998 BTC (in this case you lose a little)
1 Bitcoin - A, Litecoin - A, Blackcoin - A, 0.998 Bitcoins (in this example you lost a bit of Bitcoin)
But you can trade the currencies in another sequence and earn a little bitcoins
But you can trade in another way and earn some bitcoins.
1 BTC → DRK → LTC → 1.002 BTC (in this case you earn a little)
1 Bitcoin - A blackcoin - A blackcoin - A Litecoin - A 1.002 Bitcoin (in this example, you earn a little bit of Bitcoin)
So there are 2 ways to trade your Bitcoins and in the first case you lose a little and in the second you earn a little. You can check the prices on the market and calculate in which case you will earn, and how much exactly. If the profit is enough for you – then you can trade. Then you can repeat many times to earn more Bitcoins!
So there are two paths to trade your Bitcoin and the first one you lose a little bit and the second one you make a little bit. You can check the market price and calculate which path you can make money and how much money you can make. If the profit is enough for you, you can trade. Then you can repeat it several times to earn more bitcoins.
The statement in Step 2 would be correct in a high demand market with no taxes. But the real market has some trading fees.
But you can still make profit. Lets assume that you choose to trade:
The second step is correct in a market with high demand without taxes. But there are some costs in the actual market. But you can still make a profit. Let's say you choose to trade:
1 BTC → DRK → LTC → 1.002 BTC
In this case your earn 0.002 BTC, before trading fees
You can calculate how much are the trading fees:
For example the fee could be: 0.01% for transaction, and you have 3 transaction.
Fees = 3 x (0.01% * 1 BTC) = 0.0003 BTC
You subtract the fees from the earnings and in this case your earn 0.002 – 0.0003 = 0.0017 BTC.
1 Bitcoin - A black coin - A black coin - A light coin - A white coin - A black coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin - A white coin. In addition to the transaction fees, in this example you earn 0.002 bitcoins. You can calculate how much the transaction costs: For example, if the transaction fee is 0.01%, you have three transactions. The cost is equal to 3 times 0.01% times 1 bitcoin is equal to 0.0003 bitcoins. In this example, you subtract the fee from the bitcoins you earn, and you can still earn 0.002-0.0003 = 0.0017 bitcoins.
The statement in Step 3 would be correct in a high demand market, which changes slowly. But the real market changes fast! What you want to trade is:
Step 3 is correct if you are in a market where demand is high and changes slowly. But the actual market changes quickly!
1 BTC → DRK → LTC → 1.002 BTC
1 Bitcoin - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins - 1 Bitcoins -
But while you trade the Bitcoins to Darkcoins, the price of the Litecoins has changed and has ruined your strategy. What you actually get could be:
But when you trade Bitcoin for black money, the price of Litecoin changes and disrupts your strategy. In fact, you can do this:
1 BTC → DRK → LTC → 0.995 BTC
But there is a simple workaround. You need to have 3 BTC:
1 BTC + Darkcoins of value 1 BTC + Litecoins of value 1 BTC = 3 BTC
This way to can make 3 transactions at once, without waiting:
1 BTC → DRK
Darkcoins of value 1 BTC → LTC
Litecoins of value 1 BTC → 1.002 BTC
1 Bitcoin - A black coin - A black coin - A white coin - A white coin - A white coin - 0.995 Bitcoins The simple solution is that you need to have three bitcoins: So 1 bitcoin + 1 bitcoin worth of darkcoin + 1 bitcoin worth of lightcoin = 3 bitcoins. This method allows three transactions to be done simultaneously without waiting. 1 Bitcoin - the black money Blackcoin with a value of 1 Bitcoin - Ethereum Litecoin Litecoin worth 1 Bitcoin - 1.002 Bitcoins won
These 3 transactions will be practically an equivalent of the initial idea, but you run them simultaneously. The combination of these transaction will give you the profit in Bitcoins.
These three transactions will actually be worth our initial idea. But if you run them at the same time, these combined transactions will earn you bitcoins.
Final notes on the trading strategy: Lack of supply and demand can ruin your strategy. If there is nobody to buy your Darkcoins in the next 15 minutes, the price may change and ruin the deal. Choose currencies that have a stable supply and demand.
Finally, note the trading strategy. Lack of supply and demand will undermine your strategy, and if no one is going to buy your black money in the next 15 minutes.
You have to act fast because if you calculate your profit for 2 minutes, the market may change! Make use of a trading bot.
I have programmed a trading bot in PHP for the CEX.IO market that does this automatically and I have publish the source code for free download.
You can use this strategy with any currency. Good luck!
You have to act quickly because if you calculate your profit, the market may change in 2 minutes, so create and use a trading robot. I have a PHP-programmed trading robot that works for me.CEX.IOThis exchange is automatically executed and I publish open source. You can use this strategy in any virtual currency transaction, good luck!
Translated from CreditStocks Translated by BotVS