DIVERSIFY YOUR TRADE TO MAXIMIZE YOUR PROFIT.

There are different categories of trade when you are trading crypto currency. Diversifying your trade according to what market is presenting at a time will help you a lot in earning more profits. That is, you dance to the tone of the market.

You can trade:
1: Bitcoin to fiat.
2: Bitcoin to altcoin.
3: Altcoin to altcoin.
4: Altcoin to fiat.

All this that were mentioned above are some of the categories you can trade and make your money as far as crypto is concerned.

1: BITCOIN/FIAT:- just like when you trade euro against dollar ie USD/EUR, USD/CAD so also you can trade bitcoin against this currency like BTC/USD, BTC/EUR etc. If you see that the market is doing well in that direction just switch your trade and make your quota and leave even if it is 1% profit, it is still something.

2: BITCOIN TO ALTCOIN:- This area of trading has been my favourite, though it is very risky. If you have been following this blog, you will know when to go into it and when not to dare it. Trading bitcoin to other altcoin is more profitable if you do your homework very well. Especially when you have a new coin, buy them when they are cheap and sell them when they increase in value.

You can trade bitcoin to litecoin BTC/LTC, bitcoin to monero BTC/XMR and on, and on like that. It depends on the amount of coin your exchange can offer. The list of coins are endless as at the time of this post.

3: ALTCOIN TO ALTCOINS:- It isn't a news again that we have thousands of other coins aside bitcoin. Bitcoin is the pioneer, no doubt, but there are so other coin too that are struggling so hard to attain the feet where bitcoin is presently. Coin like Etherum and Monero are striving so hard day and night to make their way more stable.

Exchange like poloniex offer ranges of coin where you can trade them with another. This type of trade can be risky and time consuming though but it pays a lot to those that are willing to take the risk.

4: ALTCOIN TO FIAT: Not all exchange offers this types of trade but as some coin also doing fantastic in the market, exchangers are left with no choice than to also make rooms for more coins to be traded against other fiat currency out there.

So now that you know the series of categories you can invest your money on, just look at what categories of the market is doing well and try your luck. I recommend poloniex for anybody that want to enjoy cryptocurrency trading to the fullest. Good day.