Poloniex to Bittrex: 7 Best Currencies to trade for maximum profit.

in #bittrex7 years ago (edited)

Over the past few weeks, a lot of traders are moving their account from Poloniex to Bittrex for reasons best known to them.

With over 30,000 new accounts created recently on bittrex, trading has became more interesting and profitable. Here are 7 of the best crypto you can trade on bittrex for maximum profit.

These are some of the currencies that has turned my Estimated Account Balance from 0.20000000 to 0.70000000 within a short period of.
Screenshot_20170521-120215.png

1-REDDCOIN (RDD)
2-VERGE (XVG)
3-RIPPLE. (XRP)
4-DIGIBYTE (DGB)
5-DOGECOIN (DODE)
6-BITBEAN. (BITB)
7-LUMEN. (XLM)

Buying crypto with smaller bitcoin values has proven to be more profitable for me than buying the ones with bigger values.

Below is an awesome example:

Let say I have 0.2000000 bitcoin in my wallet and I decided to purchase 5000000 Reddcoin at 0.00000004.

Now if I should sell all my reddcoin at the rate of 0.00000005, my account balance will amount to 0.25000000.

And if I sell it at 0.00000006 my balance will now be 0.30000000.

OK let try this on Etherium with the same account balance.
Account Balance : 0.20000000
Let buy ETH at 0.06
0.20000000/.0.6 = 3.33333333

Now sell it at the rate of 0.65 = 2.16666666
How bout selling it at 0.7 = 2.33333333
And at 0.75 = 2.49999999

I personally prefer to buy and sell immediately, rather than setting a high amount that might not be reached in months.

I think buying and selling a currency 5 - 10 times a month is more profitable than setting a particular amount.

Example : I have purchased verge at 0.0000007 and set it to sell at 0.0000015.
And you purchase at 0.0000007 and sold it at 0.0000009 about 10 times within a month, and when it reaches 0.0000015 you still sell at the current rate. Who is more profitable?

I read somewhere that professional traders check their account about 30 times in a month and amateurs check theirs about 30 times per day.

What do you think? How often do you check your trading account? Comment below.

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