Category: Tip of the Day
A strategy that can greatly benefit both new and experienced cryptocurrency traders is utilizing profit vs loss ratios.
The best way to prevent being robbed of all your Bitcoins at once is to make sure that your holdings are spread out over multiple wallets in different locations.
Apart from bid-ask spreads being part of the implicit (hidden) transaction costs in (crypto)currency trading, traders should also consider so-called impact costs.
Like any other software, the Bitcoin client is not perfect. This means that security vulnerabilities may be found, which can be a major risk for a client that is not up-to-date.
Exchange fees are the most explicit costs associated with transacting trades, but less transparent (implicit) costs are often overlooked.