Hopefully by now you know a little more about how to buy different types of cryptocurrencies and where to buy using you local fiat currency, VISA etc.
I personally use coinbase.com and I also recommend coinspot.com.au for anyone living in Australia, as they have things like Bpay available. Most of my trading is done on coinspot.com.au, when the coin is not available there, I send some Ethereum (ETH) from either coinspot or coinbase to binance.com and buy the crypto coin I’m after.
CoinMarketCap.com – Cryptocurrency Market Capitalizations
Coin Market Cap is one of the sites I use to checkup on how my coins are doing, it’s also good to start some research on coins, once you click on a coin in the list, it gives much more information about the crypto, website, Explorer, message boards, chat, source code.
Click here to see the page on Coin Market Cap about Power Ledger (POWR) an Australian born Cryptocurrency. Once on this page you will see a tab menu.
Charts | Markets | Social | Tools | Historical Data, The markets tab will show you which exchange it’s listed on, the volume and it’s price.
A good example is Zclassic I was trying to buy, you can see it’s Market tab HERE as you can see, not many exchanges have this coin listed.
Crypto Ccompare, it’s more technical to work your way around when getting started, but you’ll soon pick it up after you play around with it for awhile, the social aspect is ok, see each coin has it’s own small form page that you select at the top once on the coin page your after, there’s a few good guy’s there, with some good tips too!
TradingView.com – Live quotes, free charts and expert trading ideas. TradingView is a social network for traders and investors on Stock and Futures and Forex markets!
I don’t know a lot about chart analysis myself, so I wont be going much into that, I do know a little and like to watch the candlesticks with the hour time set sometimes!
Here’s a quick run down to get you started, Click on this link TradingView.com once at Trading View,
Type XRP into the box at the top, where it says ticker. Then pick in the drop down the pair you want to see Ripple XRP with XRP-USD (Ripple / Dollar )
Once on the Ripple / Dollar XRPUSD Page: https://www.tradingview.com/symbols/XRPUSD/
As seen here in the image below.
Now we get a better look at how Ripple (XRP) is doing and we also can look at some prediction charts that others have posted below for Ripple / Dollar XRP-USD, you will see they do this in each section with the different cryptocurrencies, some of these guys know there stuff, still be cautious and do your own research in many places before trading crypto.
Lets click on the “Interactive chart button” at the top of the chart, this will launch into another browser tab full screen trading chart with candlesticks.
When you first do this you might have a white color version, I changed to a dark theme under the options menu, click on the cog at the top and change it to dark if you like the look of it.
Also change the candlesticks to 1 Hour intervals using the top left drop down menu, when you change this setting to 1 hours, 2 Hours, 4 Hours, 1 Day, 1 Week or 1 Month.
What your changing is what “ONE candlestick” represents, I.E if you change to 1 Day, each candlestick represents a full day, change to 1 Hour each candlestick represents one full Hour. This is so traders can zoom in and see what the market is doing on many different chart viewing scales.
Day traders do this, I’m more of a HODL of cheap first launched coins, which means holding my coins long term, it’s slang you will see on your travels. An enthusiastic misspelling of Hold see urbandictionary.com
Here is a forum thread at Ripple Chat, these guy’s are talking to the guy’s that bought in on ripple at 5 cents and did manage to HODL, ripple stayed very flat at 20 cents for half the year, now its been to $3.50, at the time of writing, it’s back down consolidating around $2.80, she will go back up at some point I’m thinking.