RE: Please help!!! Cryptocurrency confusion.

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Please help!!! Cryptocurrency confusion.

in cryptocurrency •  8 years ago  (edited)

You buy them when the price is low and sell them when it goes higher than you bought it . This way you make a profit. (and you loose money if the price goes down but you can hold it and wait until it recovers)
For example if you buy a coin that costs 1$ and invest 100$=100 coins and the price of the coin rise to 1.2$ and decide to sell yours you will gain 20% profit 100 coins=120$ .
Hope i helped.

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Thanks mate. Makes sense. What site do you recommend for me trade on?

  ·  8 years ago (edited)

Poloniex
Kraken and
Bittrex are the big players in crypto trade. Poloniex has the most users.