Instrumentation of capturadora: how not to get lost in the trading jungle
Let us examine a few tools that will help the beginner become a “wolf BitcoinTalk”.Trade “digital money” is firmly entrenched on a griddle with a serious financial subjects as the traditional trading, Forex, options and stock trading. Successful traders get spectacular profits, sometimes surpassing the performance of most of the assets of wall Street. It is easy to follow on the chart below, which shows the comparison of financial indicators the bitcoin relative to traditional assets over the past three years.
The profitability of cryptocurrency in the first place is their significant volatility. Exchange rates during the day, in contrast to the classical exchange, can reach amplitudes of several hundred percent. Such reactivity makes crypto-traders to be better of their “classical” counterparts. They have to pass through a huge flow of information to sift uncontrollable stuffing and make accurate predictions.
This article presents several tools that will help the beginner become a “wolf BitcoinTalk”.
The main cryptocurrency forum in the world, created in 2009 by Satoshi Nakamoto. Is the largest knowledge base on cryptocurrency. Lack of knowledge? — you should look for them here.
Blockchain, smart contracts, altcoins, mining — monthly these topics are discussed more than 20 million people from around the world. All new ICO projects have their own branch where they make major announcements and collect feedback from the community.
The main register of information on the market. Handy tool allows in a few clicks find an interesting coin or token, to its financial data, the list of supported exchanges as well as links to social.network and website.
The website is divided into 4 blocks:
- “Market value” — is responsible for coins, tokens, and their weighted average metric;
- “Trading volume” — for the trading volumes on different exchanges;
- “Trends” — allows to build the table leading and lagging trading pairs according to the specified parameters;
- “DOP. tools” — provides a set of handy tools like a currency Converter.
Not so long ago the service received integration with Changelly exchanger to buy BTC, BCH, ETH and LTC.
CryptoCompare is one of the oldest and most reliable resource about blockchain technology and all that goes with it.
The website is divided into several blocks: of coins, exchanges, bitcoin mining, wallets, casino, forum and portfolio. The most interesting functionality for the traders represent the first and the last:
The list of all coins and tokens with a detailed description. As CoinMarketCap shows the current weighted average price, trading volume for 24 hours, total capitalization and momentum. It is possible to track the distribution of trading volume and courses on classical currencies and exchanges. A good tool for those who earn arbitrage.
Under the platform there is the opportunity to create their own cryptocurrency portfolio. A feature of the service is the ability to look into the portfolios of other users, but only those who gave permission to do so. Experienced traders without the need to, but to beginners it can be great to make life easier.
Also, the interest could be a forum, a news aggregator or ICO-tracker, but, unfortunately, they’re rather weak.
Blockfolio is another mobile app for monitoring of your cryptocurrency portfolio. The functionality is quite simple: all that is required is to add one or several coins, then you will be able to track the change of its course in real time.
- Viewing their assets and information;
- The installation of top and bottom straps for quotes, Push notifications for overcoming them;
- Convenient graphs illustrating the market situation;
- News from CoinDesk, Bitcoin Magazine, etc.;
Regularly updated database software is 2,000 coins and tokens.
Some platforms went further. Japanese media giant CoinJinja has released its mobile app CoinView.
In the best Asian traditions in the application added functionality of all the tools listed above, and in a much modified form. No, of course, to carry out technical analysis like TradingView, it may not, but this is not required. The main advantages of this application is it is the information component — quotes, news and signals.
CoinView is a single service instead of news sites, stock market application managers, portfolio, wallets, providers schedules, ICO trackers and paid widgets.
From the application interface you can even trade on exchanges using their official API. Currently supported: Binance, BigONE, Bittrex, bitFlyer, Coincheck, and Zaif. In the last update, was also added automated trading bot to work with the “Transaction-Fee” exchanges, like Fcoin.
The application does not have any restrictions in use and available for iOS and Android in English, Japanese, Korean and Chinese.
Coinmarketcal & CoinSpectator
News — driver of trade. Scruples in their tracking right
proportional to the income of the trader, but takes very much time. To facilitate this task help 2 specialized tool.
CoinMarketCal simple and most importantly convenient calendar of events. Filter by date, rating expectations and the ability to customize alerts by e-mail make it an indispensable source of signals.
CoinSpectator — advanced news aggregator that allows you to monitor the information flow from a number of sources: the media, forums, blogs of opinion leaders and private discussions. Complementing this functionality is the possibility of voting that allows you to remove the ribbon inaccurate information.
ICO-digest: listing ICO projects
Initial Coin Offering (ICO) is the investment projects in the world of cryptocurrency. At the time of the boom in 2017, early investors could count on a thousand percent increase, but the passage of time the situation subsided a bit. Now, to make it necessary not to speed or luck, but rather a deep analysis of the project, its legal basis, the constituent documents and other factors. As the number of offerings on the market is increasing daily — to navigate in them with each passing day becomes more difficult. To facilitate initial screening of applicants for a place in a private cryptocurrency portfolio help specialized ICO trackers, like ICO-digest.
The latest information about current and future ICO displayed on the home page, and the page presents all the projects and the most complete information about the project — from links to social networks and to team members. For the convenience of users, the listing has a channel in the Telegram, through which it is convenient to follow the ICO directly in the messenger.
Listed in this article tools can not help the trader to quickly navigate the situation and make decisions, but no service does not replace his experience and ability to sense the mood of the market. History has repeatedly seen examples where positive news has caused a downward trend and promising projects fell apart due to poor management or malicious attacks. In addition, these services will be of interest to each and every aspiring member of the cryptocurrency community.
Author: Sergey Magas