Can i trade ethereum for bitcoin

Better investment ethereum or bitcoin malaysia🥇 See below: Best Websites for Day Trading These sites for day trading are rich in resources and have great tools to help you out in your trading better investment ethereum or bitcoin Malaysia operations. Dec 21,  · Bitcoin proved its usefulness in times of crisis, fairing better than any other asset during the COVID pandemic. And, in the past 7 days, Bitcoin and Ethereum . Mar 21,  · Ethereum has fundamental advantages that hopefully will help Ethereum price suppress Bitcoin in the coming years. Trading Ethereum should only be done with money you can afford to lose. This is because the whole cryptocurrency market it’s mostly based off of speculation. Nobody really knows what the potential is and what the future holds.5/5(1).

Can i trade ethereum for bitcoin

How to Trade Ethereum the Next Bitcoin

Selecting this will automatically show you the amount of BTC you will be getting. Step 2. You can even change the amount of ETH you wish to exchange here too. You can also see the exchange fee, the network fee, and the estimated time of exchange on the right side. Also, this is the BTC address on which you will get your bitcoins in exchange for Ethereum. Step 3. This screen where you will be shown the details of your conversion that you can check before proceeding for the actual exchange.

Step 4. Step 5. Usually, it takes confirmations for depositing Ethereum. The swapping process itself happens almost instantaneously but the rest of the time is taken by the network. Typically, the swap comprises of these three stages:.

Step 6. Wait for some time, and as the transaction is completed, all the details will be viewed in the window like the one below, and you would have received your bitcoins in your BTC wallet. You can also audit your transaction on the blockchain. The Ethereum blockchain has its own currency which is called Ether. The difference between Ethereum and Bitcoin is the proof of stake.

And the fact that Ethereum has real people behind it. The most significant difference is the use of smart contracts. This has allowed other intelligent people to implement different cryptocurrencies based on the Ethereum blockchain. The amount of transaction that Ethereum blockchain can process, or the average block time is around 12 — 15 seconds which is faster than Bitcoin. Buying Ethereum can be extremely simple.

But it can also be a little bit daunting for the non-technical people. The process of buying Ethereum can be done quickly through an exchange where Ether is listed.

The easiest way to buy Ethereum is to use a cryptocurrency exchange called Coinbase. You can get an account set up in minutes. You can check it out here to get yourself signed up. Another great way to buy and sell Cryptocurrency is called Binance. Binance are known for their strong team, proven products, superior technology, and industry resources. They have a solid relationship with industry leaders and are capable or 1,, orders per second.

This is by far makes them the fastest exchange in the market today. You can sign up with them here. It only takes a minute.

However, you also have the option to buy Ether with Bitcoin or other major cryptocurrencies. Such as Litecoin or Ripple.

All you have to do is to register a free account with any of the crypto exchanges. Then deposit fiat and buy Ethereum through the platform. Note: Before you start trading Ethereum, you should keep in mind that the crypto market is extremely risky.

It is volatile and we believe a lot of the market is just driven purely by speculation. Similar to many other blockchains, Ethereum has a native currency called Ether ETH which is that is completely digital which allows it to be sent to anyone around the world with the click of a button, making payments with the ETH currency incredibly efficient and easy.

Since Ethereum can be programmed, developers use Ethereum to build new kinds of decentralized applications dApps that offer an array of features to help track and manage currency. Once "dApps" are uploaded to Ethereum, they are able to control digital assets that can create new types of financial apps.

The apps also branch to additional platforms such as cryptocurrency wallets, decentralized markets, and even games. It redefines how traditional blockchains function. Checkout more Ethereum based apps here! This will help us make profitable trading decisions. All we need for this trading strategy is two technical indicators:. The MACD is one of the most common indicators used by traders around the world. It works in a variety of different markets and is used to spot trades before they happen.

The MFI indicator is based on price action. It incorporates Volume in its calculation, which is quite similar to other oscillators. In other words, we can use the MFI indicator to measure buying and selling pressure. The easiest way to interpret the MFI indicator is that a reading above the 50 level represents an inflow of money into the cryptocurrency.

A reading below the 50 level represents an outflow of funds from the cryptocurrency. The other critical MFI thresholds are 20 and An MFI reading of 20 is considered bullish and oversold. A reading above the 80 level is considered bearish and overbought. The MFI measures the market sentiment giving you signs. These signs are whether the cryptocurrency is oversold or overbought and to what degree.

Using the MFI indicator is probably the most useful measurement of sentiment available to traders. The first rule is that you always want to wait for the Money Flow Index to be in oversold territory.

In other words, we need to have an MFI reading below the 20 level. An extreme MFI reading below 20 suggests that there is very heavy money outflow from Ethereum. As history has repeatedly shown, this information can be used as a contrarian indicator. The MFI indicator is not a standalone indicator. So, in order to use the MFI indicator, we need to check it against other technical indicators.

These are the reason why we also use the MACD indicator. The second rule is to wait for the MACD histogram to turn positive. This is a confirmation that the bullish momentum is starting to build up. Now, we have two rules in place, but these are still not enough to trigger an entry.

Indicator-based strategies are very unpredictable. As an extra measure of caution, we also like to wait for the MFI indicator to break above the 50 level before to buy Ethereum. A reading above the 50 level represents an inflow of money into Ethereum. This is the moment when smart money is stepping into the market. We want to trade alongside smart money to really make a profit trading the cryptocurrency market.

In order to minimize our potential loss, we want to place our protective stop loss very close to the market price. At the same time at a price where it should really invalidate our trade signal.

For the Ethereum strategy, the ideal place to hide the stop loss is just below the previous swing low. You can always add a buffer to protect yourself in case of a false breakout. When it comes to our Ethereum take profit trading strategy we want to cash some profits at the first sign that the market is about to turn against us.

Otherwise, we risk given back some of our hard earned gains. The first indication that the market is about to turn is when the Money Flow Index enters into overbought territory.

Better investment ethereum or bitcoin malaysia Bitcoin hits a new all-time high

Dec 19,  · However, I believe there's a fundamental economic principle we can use to our advantage. It's the principle I used when deciding to buy bitcoin and Ether (the tokens for the Ethereum network) in Dec 15,  · Crypto Trader Who Turned $2, Into $K Says Ethereum Will Outperform Bitcoin in A crypto trader and analyst known for turning a couple thousand dollars into $, in a summer trading competition says he’s ready for Ethereum to outpace Bitcoin in the new year. The pseudonymous investor who goes by the name SalsaTekila tells his 58, Twitter followers that he’s . The question "should I trade with Bitcoin or Ethereum" comes to the minds of many because they think that the crypto coins don't differ much from each other. Usually, price is the only criteria by which they can evaluate cryptocurrencies. But Ethereum differs from Bitcoin quite a bit. The difference lies in the technical arena as well as the. Tags:Bitcoin straddle strategy, Trading bitcoin halal, Bitcoin trading values, Btc market australia review, Swiss btc trading gmbh

1 thoughts on “Can i trade ethereum for bitcoin

  • 12.02.2020 at 17:13
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    Excuse for that I interfere … I understand this question. Let's discuss.

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