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RE: Bitcoin (BTC) Evening Update: Is Bitcoin now Phasic with Bitcoin Cash? Check out this Analysis!!
HitBTC market just opened a new order type that they call "Scaled" ordering. Essentially, it is an automated laddering system with parameters that you can adjust, set, and forget. Very Useful addition on a trading platform.
Read about it here:
https://blog.hitbtc.com/introducing-scaled-orders-on-hitbtc/
May need to look into that exchange. I haven’t used it before. Have you used this new tool? Is it intuitive and straight forward to use?
I've actually been playing with it for a couple hours off and on tonight. The only downside I can see with it currently is that you cannot yet put in stop buys at higher than market price. It's eats up those buys at market value as soon as they're submitted. Not much point of inputting a higher price in the buy scale until they add in "if/then" or just stop/limit buys automatically on the scale of buys.
All in all though, I love it! Especially setting it to ladder into a potential terminal end to a correction. You can set it to spread the buys into 70 buys or 4 buys or any number, at whatever price spread you want, AND you can make them balanced or heavier on the high or low end of the price scale you input. SUPER easy and simple to use and figure out. Once they add auto limit buys on the high end of buying and low end of selling with it, it will be a near perfect auto laddering tool. Also they need to add a cancel all orders button, seeing as you can set it to hundreds of orders.
Sounds great. Any idea about the exchange itself? Location? Regulation? Solvency etc?
I would always prefer that you find out for yourself how comfortable you are with an exchange. I hear so many different things about different exchanges, it really dirties the waters. I've have good experiences there....avoid the trollbox, it's called the trollbox for a reason. I go there to try and help people sometimes and try to get them to sign up for steemit to be part of the discussion if they are real people not trolling "buy this, sell this, pump coming"
They are backed well from what I have read, but please research that stuff yourself, and if you find anything damning, please do let me know....I haven't yet.
The have a HUGE ICO market.....I don't like that, because it attracts alot of uninformed traders....so again, avoid the trollbox. But they do offer new pairings all the time. Probably at least once a week. They are growing fast too. Volume used to be a huge issue on some coins, but it's much better now.
They allow (or don't stop) bots, which is annoying, but it doesn't change the market much.
One cool feature is in the top right you can re-arrange the whole page layout however you like it, and they feature their chart or you can switch to Trading View charts.
I really like Binance too. They are similar experiences with different looks and tools. But they both have contests, coin drops, add pairs regularly, the software just works the way it's meant to, and their wallets are super fast.
And both seem really interested in providing the users whatever they want added to the platform, but don't release things without proper testing etc.
Binance is even moving their servers out of China to keep their clients no matter what China does.
Hell, I just saw hitBTC has a referral program, if you want to, sign up under my account: https://hitbtc.com/?ref_id=5a1163eb5aa59
If not, just go to https://www.hitbtc.com and check it out.
Many thanks for the details. And don’t worry. I was after your views but I would certainly not join without investigating myself first.
I tend to use the major exchanges but have had bad experiences with Poloniex so I’m looking at other options.
I also don’t trade too much as I don’t like leaving coins on exchanges as I don’t fully trust them (I lost a bit in the Mt Gox fiasco). I prefer to transfer in, sell and withdraw! Makes life more difficult but I’m happier.
Thanks again, I’ll take a look and use your link if I decide to join.
Honestly, going to wallet forces you to be patient! That's usually a good thing!
I agree. And I dont trust exchanges fully. But transferring back and forth is slow and can be expensive. I trade slowly so it works but if you want to be more dynamic, it’s not really viable!
I have been using Hitbtc for a while, and had no problems except some lagging lately. Growing problems with new traders everyday.
I also got a few affiliates, but they have traded too little for me to make any off them yet. I made myself a domain for the affiliate link too, www.nordic.cash :)
The exchange is not regulated and very hidden owners etc. No verification of persons to use. So don't keep your savings there, but trading wise it's great.
Sounds interesting. Thanks for the tips
Good info, and good bounce page!
But yet you did not upvote me :)
It's for your own good! I'm going to help get you juiced up, but I was away a few days, and cameback and used all my vesting power. I would highely suggest you get the browser add-on call "Steemit More Info" so you can start learning some of those things earlier rather than later. Once I'm, powered up, you'll get voted and more from it!
I do as you tell me :)
Actually seems I have to use another browser to be able to use this extension, as I use Opera because my VPN likes it.
That's very nice news! Thanks for posting :-)
Thanks for the info. I'm not currently on HitBTC. Maybe other exchanges will follow.
Hello V. I was only on poloniex.
Could not find any coin you guys were talking about. Got fed up and moved onto bitfinex, bittrex and hitbtc. Still on poloniex. So 4 exchanges. Does not take a lot to do. Just do whenever you got an hour or so. (Not mine but your speed. I'm much slower. Used to be lightning fast. But not anymore.)
Check out Binance. It's the best growth I've seen in an exchange. I got in because they payed GAS for NEO holders. Then the started seriously developing themselves. Binance has many great coins that are not being traded anywhere else. I wish the charts were better and supported complex orders and margin trading. Other than that Binance is the most impresssive exchange I've come across so far. It's also very noob friendly.
OK. I will.
V haejin is good for the cryptos that are out. I need a good ico guy. I am mot sure if it is possible to get someone as honest and good as haejin but let me ask you. Do you know anyone?
Unfortunately no. But keep looking.
The new Binance phone apps are REALLY well built. Faster than the website even, and missing very few of the few tools they offer.