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I have been inactive for a few months (personal issues)
But would also like to get more into crypto.
I have had a very small amount in LTC and a few other altcoins for a while.
I"ve never owned any BTC.
Because of the Dogecoin mania, I received a few alerts and purchased a few of those also.
I need to get up to speed in this as I am about to retire and will have a lot more time to devote to trading again.
I use Ninjatrader for my futures trading and would like to use that to view/trade crypto but also would like to open a longer term (I assume staking account?) for crypto.
I looked at FTX.us and it seems as good as any but at this time I have not made a decision about the type/amount of trading I will be doing and if FTX will be able to meet all of the needs.
I've been reading a lot about these topics but as always, the best advice has always been found on Futures.io or (formally BigMike's). Hopefully I will be in a position to stay up on this.
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,386
Thanks Received: 10,206
Only futures contracts are CME Bitcoin (5 Coins, current notional about $275k), ICE Bitcoin (1 coin, current notional about $55k) and CME Ether (50 Ether, current notional about $100k). So not many 'pure' futures opportunities, and large contract sizes for something so volatile for the few that do exist.
I have little experience with other crypto-exchanges.
Not knowing what the heck I'm doing, I opened an acct at Crypto.com.
As a US citizen, they only allow trading on their app. I assume that is because it is not supposed to be done. BUT... It works.
I purchased some DOGECOIN and a few CRO. (their in house coin).
To my surprise, the DOGE did almost nothing and I noticed today that it is down from my entry.
But I also saw the CRO go from my entry of .102 to over .250.
As an experienced trader, that parabolic rise was not a good sign so I sold it at .230 when it retraced. A nice little profit for less than a week.
I think beginners luck was all that it was. I can't say I knew anything about it other than experience in trading markets.
Today DOGE is sucking so I will watch it and probably get more, if the chart indicates to do so.
On another topic.
I saw an exchange called Kucoin.
It seems they don't require and KYC and ANYONE can get an account with just an email address.
I have heard that this type of exchange could be a problem with a US citizen in the future.
Does anyone have any experience with Kucoin?
Thanks
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Kucoin is listed as #8 by volume. I think the "average liquidity" column is supposed to give a sense of the quality of liquidity / fills. You can look at the individual exchange pages to get liquidity scores for each coin they have.
Some of the crypto I trade are not able to be used for payment.
But..
I don't trade things to use as payment but to increase my account value.
If one of them that can't be used adds a lot of value, I can easily trade it for BTC and it is accepted on most platforms that take crypto. The cost to transfer to BTC is usually insignificant.
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
DeFi is becoming a very popular topic nowadays. Actually I don't understand it either or at least treat it in a bit sceptical way but it can be a good investment theoretically. Say, Rune not long ago cost $4 and now it is almost $9.
