You want to buy .
It’s just like any other commodity right?
You go to a market and buy it.
Simple as that.
Wrong.
If you go to a market and don’t know what you are doing, you will raise the price of on yourself as you buy coins. Others will buy and resell to you. And you will get swept way with no idea how it happened.
If you are thinking of using a desk or broker….
99% of brokers don’t know what they are doing and are hunting the next great gold rush.
So if you want to buy more than 1000 bitcoins at a time this guide is for you.
In Part I, let me lay out the simplest option for acquiring coins. In future parts, I’ll cover other options for those that want to buy (10,000+ coins at a time).
1. Buy coins at an exchange
Most people will tell you not to do this because the price will run away from you. And they are right. When you place a large buy order, other people will see it and buy as well to then resell to you. This will drive the price away from you.
If you want to buy an exchange because you like the security and lower risk of an exchange, then here’s how you buy.
Use
Normally you’d put in a buy order for 100 coins into an exchange and the price runs away.
Coinroutes is a piece of software that sits in the background 24/7 waiting for the best time to buy.
It breaks up your 100 coin order, for example, into a bunch of smaller orders and buys at the best price.
This way people watching the exchange can’t tell that you are placing a large order.
You could try and do this strategy manually, but a computer is way faster and can run 24×7 without .
So if you want to buy through an exchange, get coinroutes, tell it how many coins you want and it does all the rest.
I don’t work for coinroutes or make any money from them, I think they have a cool software.
Published at Fri, 08 Mar 2019 21:13:23 +0000
