Trading is the act of selling or buying; usually with a profit. Taking advantage of fiat currency such as USD, EUR, CAD by exchanging them at the right moment is a pretty good example what a trader does. However, fiat currency trading is not for everyone; you need big amounts of money to make a real profit not to mention the speed of the variation is slow.
Cryptocurrency trading is just like fiat trading but with much more speed and fewer requisites. You can start trading with a capital as low as 500 USD and, if you play your cards well, you can see some profits in less than a week. Of course, this depends on market conditions.
The trading act could be seen as an investment. you put money in (cryptocurrency) and it outputs your capital with earnings. Imagine now creating a trading synergy. An environment system that it generates its own input, and at one point enough to convert cryptocurrency to fiat one.
This article will describe a 3 stage crypto trading environment system:
- Feeding the System
- The Snowball Effect
- The Ideal Machine
If all goes good. You will love doing trading with Trademinator. After all, you do this to enjoy life!
First Stage: Feeding the System
The first stage of the trading environment system is, by all means, the stage where you feed the system. The trading environment system does not need one money shot, but rather, little and constant drops that helps the system to start creating its synergy.
There are two major inputs to start creating your synergy:
- Cryptocurrency you buy from a broker
- Cryptocurrency you get by mining
You will need to select what is the best cryptocurrency to get from a broker. Regardless the availability of them (not every broker sells all kind of tokens) you will need to get one that helps the Trademinator not to get stuck without capital to trade. There is not a magical formula for this, but you can follow your criteria by selecting cryptocurrency that belongs to a base market (USDT, BTC, XMR or ETH for example in the case of Poloniex) or a currency that has big volume.
Mining is another way to feed the system. However, you will need to do a little research yourself to select the best currency. A cryptoNight algorithm type currency is a good choice; they can be mined with CPU. If you have the capital or if it happens you have some spare GPU's, any scrypt algorithm currency could be a good option.
The third input is the same output from Trademinator. Do not withdraw your gains, instead, let the trader reinvest them. It is what we usually call a snowball effect.
Second Stage: The Snowball Effect
After some time, you will see that the trading system is starting to do some two-digits profits. The snowball effect is starting to run by itself.
You will need to continue feeding the trading system with the mining income and getting cryptocurrency from a local broker. However, the system is starting to be less dependent from this as the outcome from the Trademinator is bigger and bigger.
Depending the outcome, you might take some of it and if you find a good opportunity you can get some cryptocurrency from a broker and refeed it.
The objective in this stake is to have enough capital for the system. For example, sometimes markets drop. Because Trademinator does not know the future, it will buy. If the markets continue dropping and you are trading too many pairs, Trademinator might run out of capital to average down. The mining and the cryptocurrency feeding are to avoid this situation.
Third Stage: The Ideal Machine
The ideal machine, by definition, is the one that does not loose nor dissipates energy and power. Following this analogy, at this point your Trading Environment should generate enough outcome to feed itself and eventually, you will be able to withdraw something for you.
Please note that you will need to bounce between the second and third stage. Markets are unpredictable, and you may need to turn on your miner to unstock the system.