Bitcoin Forum

hey.. I am newbie this forum..I am sign in different trading site.bt I don't understand how can improve my trading...I have already loss.0.007btc.. plz anybody help me..

there aren't many things that can be told inside a comment to a general question that you asked!
- read this board, it is filled with similar questions as you.
- start using google to search more about trading and learn the basics
- use youtube to find some trading related videos and watch them to learn more.
- start looking at the market for some time, it is never a waste of time if you start staring at your monitor and at a live market while prices change up and down.

i think if you follow coin past time you don't any loss. all coin increase and decrease for some time. when you buy you saw her low rate and wait for high rate. it is main idea for trading. other all time you follow all coin price. i think you can earn good profit.

If you are newbie in trading world, you must choose first one exchange platform that you are going to practice yourself in the actual trade. But of course you need to know the basic knowledge in trading  first before anything else.

You must first practice yourself in world of trading by some beginners trading in some platforms. You must do the basic trading in to buy when the coins are in low value then hold it and wait until it's value become high. If the value got high sell it in high price so that you have some earnings. In that simple and mainstream strategy you will learn the world of trading.

Well its natural that in beginning since you are new loss will occur. Do not worry about it. Its a learning process, learn from it and in this way you will start trading and once you develop skills you will be able to trade with more confidence and passion than today in coming days for sure.

The best strategy for you to practice is to read some suggestions and find well-knowledge in different people or even here in bitcointalk becauae if you go with the trading world yet your knowledge are not enough, nothing will happen and you will lose and lose again and again. Many people are force to enter world of trading even if their knowledge isn't enough because they are only lool on the earnings not on the process. So for me the best strategy is to sharpen your knowledge by reading.

I have different trading apps on my mobile which i use credit card to top up and do trading i always deposit 10$ only or 20$ depende on the minimum of the trading i always wanted to make that double nor triple and then cashout the profit and play again another day.

well, here is my simple strategy: find a new coin on bittrex, buy it with the cheap price then hold until it get x2 or even x3. It may take a lots of time but if you are a patient man, you will earn a good amount of money ;)

Take a couple of currencies. Like BTC & ETH or BTC & XMR, etc., and do trade within these currencies and try to buy at low price and sell at high price for that, you need patience and some speculation knowledge. And loos is also a part of trading.

You can search this forum, you will find many thread regarding trading tips.

= Don't buy anything when it is pumping hard
= Don't sell what you have on correction
= Don't panic when market moves against you and make early exit on large dumps

thank u.

can u suggest me some coin??

you are right...how could find the best trading& trusted site??

My friend lost 5 BTC while trading, me too, but not that big. It feels painful, sad, and cramped. This is a cruel trade, if we give up. I suggest do not panic, discipline and do not forget to be grateful. Always provide backups as prices continue to fall, for beginners I suggest to use small capital in order not to lose a lot of money. May be useful.

First of all you need is patience when you are trading because some times you have to wait more than 2 month to make money on the investment you made in the coin. At the same time choosing good coin will also give you some profit.

One of the strategy that i know about trading is buying rumors and selling the news. It is effective and you can earn money with it because if you see a rumor or unconfirmed but it is all about a good news then you can buy the coin and if the news or rumors is real and already done then you can sell it because the price is surely high and you can easily grow your bitcoins with that strategy.

First, the good trading platform is bittrex, c-cex and nova exchange these sites so far was good to me, I don't see any problems
using it especially using bittrex, it was really nice and cool. :D

i am also using bittrex and i am quite happy with the service but i have to say c-cex is small and has some good features, although it doesn't seem like the best option.
also i don't usually see nova exchange anywhere! they are way too small to be relevant in this market. and checking their orderbooks and history it seems like not that many are trading on this platform.

Rule no 1: Don't follow some stratagy just because someone else is using it.
Rule no 2: Make your own research, learn from mistakes and develop your own stratagy.
Rule no 3: Loss is not a bad thing if you learn something from it so don't be afraid to lose money.
Rule no 4: Don't follow anyone's advice without understanding it (even this one).

Trading is a job that requires skill. I think with experience it can make your mindset change. So keep trying, never be afraid to lose. Because when you have experience then you can take knowledge from what you do. Every small step is so valuable, so keep learning to read the market. Also understand the rising charts as well as the decline in prices on the exchange.

Regarding in the process of trading, you will only learn it by yourself. Evrething is just a guide, you are the one who will learn what is the best strategy. If you are looking for better trading, you just simply need to by low and sell high. Indeedly, your emotion should also be practised to avoid panic selling in a currency you are holding as it dumps temporarily.

You might find hard time if you are just following the trade volume/how much percentage one particular bitcoin gained for a day. Because there are plenty of chances you might get struck with manipulated pumps.

One simple strategy which will be working with high volume trading pairs like eth and litecoin would be finding buying selling levels along with support and resistance levels by using pivot point analysis. Google and check for its accuracy. It will be working fine for bitcoin/fiat trading, but it will work for the any pair, but you need to derive your one ideas on how make use of it. Lot of youtube tutorials are available on this.

Buying coins right after the dump of bounty from ICO is the best strategy on trading. Then just hold it after you buy it on cheap price because it will surely pump soon once dump was over. But always consider on investing on coins that has a million dollars fund so that they funds to regain back again the dump price.

It would really be helpful if you have someone who already has experience in trading help you out as you're just starting out. I had someone who kinda taught me how to do trades and gave me tips which I find usable even today.

I saw my self in you 4months ago, I already lose 0.15BTC. I suggest you to watch crypto currency trading  in Youtube. The vlogger will teach you step by step how to trade. Also have time to study how the chart( DAY, HOURLY, 30M, 15M, 1M) works

Trading is all about experience and knowledge about the world of trade market. The thing is trading is not successful without your own personal instincts and predictions that help you to take right decisions at right time. You have lost your 0.007 btw because you randomly invested it in trade platform (that is guess as you newbie). The main cause, not knowing the market properly. If you really want to go for trading then start reading about trade signals, best timings to trade and best commodity to invest in. These are popular mantra's and if you are lazy enough to learn then you can't trade really. So start reading and trading on trail/demo platforms first to gain hands on markets. :D

Yes that is good point. Trading is one of the most in demand source of bitcoin or income and a lot of people are depending on it and all of the successful persons in the world doesn't rely on luck and they just do their best and they have a lot of patience especially when they get a lot of losses. Trading is all about experience, knowledge and also patience.

You need to pay for every school! Many of us here lost money in process of learning about trading, you didn't lost much for your beginning.
Except watching and following other traders, you need to try to make your own research before buying some coin, always look what coin has to offer and even more important community behind specific coin, by looking them you can see a lot.

This can be a working strategy as it is dealing with background check of one trading instrument. This is being termed as fundamental analysis and it is useful when we are planning long term investment based trading. When we are getting attracted by some new conceptual based altcoin, we may go for high volume with them even from ICO.

But technical analysis is very important for day to day trading as we must be more specific where to buy and sell. But on which on coin we are going to deal is being decided by fundamental analysis.

I like this strategy, after a lot of losses I often feel afraid to return to the market. Unstable emotions make me not confident. This is a good time to go for a moment and wait for a new situation.

It seems most common question. You need more research about trading market field and this section of this forum will help you find out the best solution forward the successful future. Trading completely depends on your skill an idea. So, try to focus it before involving this system.

I always believe that there is always a right situation (sometimes it gives good returns and sometimes average returns). If one can manage to analyse and trade according to the price chart (both in long and short position) then he can make a profit in any kind of market condition. It is best practice to start trading with the lowest possible amount and then eventually increasing it up to trader's capacity and as per his skill, experience &  market conditions.

As far as I know the best strategy in tradings is to have huge funds that can manipulate the market since if you have balance like that then you can actually do some pump and dump scheme and that is quitly profitable strategy and if you have only low budget then the best thing you can do is to read some chart or have an app that ticker the coin market price hourly so that you may have some ideas on when to buy on your followed coins.

Having a huge funds can be a good idea but if you lack on knowledge then you will completely lose all the funds that you have. Manipulating the market of a certain coin is not that easy because it needs a lot of funds so you can attract other manipulators also. It is better to just start with an average amount and try to understand the market first.

In trading the strategy I used is the most common and easy to use the "buy low and sell high". I don't have enough knowledge on trading also because I'm also a newbie. As of now I currently gathering information on their comments about trading. I hope it will help to widen my knowledge about it.

What you said is true, without having knowledge about trading will always give you loss even if you are holding high funds, if you are trading in bitcoin then the main point to be noted is the patience in trading like if you got buying in high price then you have to wait as you will get your price sure or if you have fund then on lower you can buy and average the price and on rise you can sell and take profit. But in altcoin trading you have to first get full detail about the coin and its fundamentals and then start trading on that coin.

I will tell short strategy in trading altcoins
1. Learn about analysis technical for making prediction of price the altcoins
2. Use candle chart with time prime 15M up to 30M
3. Buy on support area and sell on resistance area, it is fast trading altcoins
4. Always doing stop lost if the price against our prediction.
Don't forget control feels greed and fears and follow the trend of price.

Before you start building trades it is good to build up knowledge or basis on which you are going to set up your strategy.
Here are some good books about candles and technological analysis: https://www.rialto.ai/single-post/2017/05/02/Who-what-is-a-good-trader

Buy low and sell high. Analyze the growth of few altcoins and select the one you think that it'll grow in long time or in a short. Invest and hold it long. If lucky you might be profited good, but in reality every altcoin won't give such a growth. Making a buying or selling even when small variation happens is the right go to profit through trading.

If you lost 0.007 bitcoin its a natural because you are newbie all traders for sure also lost their bitcoin because we dont have any knowledge because we are newbie. The better you do before buying altcoin you make a lot of research so you can know what is the best coin you buy and you can know what coin have potential. You can use some strategy but dont depends always in strategy . Heres one of my strategy. For example I buy altcoin today and tomorrow the coin I bought dump your next step buy more and then wait the price pump to sell to make profit.

To be honest, 0.007 btc is not much. You should just look for your own techniques, nobody will help you to multiply your bitcoins.
or just try easier ways to make BTC online, e.g signature campaining.

The amount is nothing compare to my early loss.

Losses are part of trading experience. Believe me, you will not improved your trading strategy if you will only suffers lose. Just make sure that everytime you lose, you are to the point that knows why it happened and will take that as a lesson.

Anyways, what assets do you trade? Altcoin? Bitcoin? If you can tell us what specific coins you trade why you loss maybe we can have some insights about your problem.

yes investing huge amount of bitcoin can be more risky,  i also thing that the most important thing is to have good knowledge about trading, and the second important thing is to have a good planing and strategy about trading, your good planing about trading can really minimize the risk of losing money. if you have invested a lot of money in trading but you do not have any idea about tra ding then trading is more risky, and you are just putting your money in risk.

Why you not try to find how to fix your strategy, don't try another strategy when you don't know where's the mistakes & how to fix it. Maybe you have been heard about this words " strategy never mistake, but the mindset is another story ". Meaning is our plan have 1% mistakes but we have a lot of reason why don't follow it, not discipline. Deal with your loss find & fixed the strategy. Good luck.

Yes trading is a job requires skills, the skill of trading must be tried with practice on exchangers
 also it needs long time to getting skill in trading,
the new traders must be patient find the strategy trading that gives good profit from trading
because the best strategy in trading must be found by them selves.

I think it's better for you to google such good altcoins. Also, what you need to understand is to buy low and sell high. Don't let your emotion controls you.

If you are newbie in this industry, you must be familiarize well into basic rules about in trading. And you should, aside from that you must know how to apply technical analysis when you are in the actual trade then the coins that you are going to buy then, you must know if that coin is potential and has a good road map project in a long run before you buy. Lastly, buy at low then sell at high. :)

Strategy in trading is learn read more books like Technical Analysis. Well we can say that if you srudy wgat trading it is then you can be such a millionaire like my friend that stil learing what is trading even they know the 50% of the strategy in trading  and have some power now. Anyways they have now 2300BTC that they gain in trading.

The simplest and most effective strategy in trading is to buy low and sell high.  :D
On a serious note, finding the right coin for the trading is a tricky business, BTC is always there with fluctuations. You just need to go with the flow and invest what you can afford.

That's the typical way of trading. Doing trading would be better also if we don't just buy low and sell high. Somehow, we must also check its volume and its chart's patter. Putting margin in your trade is also better so that you can place your TP reasonably and you can prevent too much lose in a coin you are holding.

But only out of those fluctuations you will be getting chances to make profits. If there is no fluctuations, there will be no opportunities for traders. All the times you do not need to find a right coin, just sticking with few established coins will be more than enough for consistent performances.

Identifying the major price movements (not the short term fluctuations) and entering at right time are the challenges in front of every trader, but these are possible only when we are intensively monitoring market movements.

That is the main way of trading, I do not think there is a perfect strategy for bitcoin trading, but the that principle is enough to give an understanding of trading, for example, you buy bitcoin with price 1, then if the bitcoin price becomes 2, you sell the bitcoin, and you Get 1 advantage. Simple. Besides that there is another strategy, you have to keep watch the bitcoin market price, so you do not lose the opportunity when you have to sell it and buy it, to get the best price. You have to be patient, emotional control, do not always think big results, enjoy the process, then you will get good results, do it as you can, experience will lead you to avoid risk.

although you can get good information about bitcoin trading strategy, but to me i will like to tell you that in trading the most important element is your planing, if you have good planing for trading then you can surely get good profit, even in gambling you can reduce the risk of losing money. therefore it is too much important to have good planing about trading.

So i normally stopped trading as it requires lot of patience. The strategy i used was do is a place a buy order which is the highest than the current one but the difference between the buy and sell is high enough.
Another thing you can do is place a huge buy order on eth or dash and wait for someone to sell to you and then sell it for a little high orice with a profit of 2-10%

There is another type of trading where you don't need to wait for a long time and that is short term trading or scalping. It is very common now because a lot of altcoins are now manipulated by the big players or whales and they just randomly pump a coin and if you are a good rider to the waves of the whales then you can make a lot of profit but if you are not then you will lose.

Scalping will be effective only if you are having strong technical analysis to support your decisions. Otherwise you will get struck with the wrong position. I mean to say that you will be getting chances to make small profits many times. But one wrong entry might lead to wait for more times and eventually it may result in losing all your profits with that one single trade.

1- HIgh volume, well established coins.
2- Study two or three technical indicators to help. moving averages, bolinger bands, fibonaci lines or whichever suits you best.
3- if You happen to be caught on the top of the hill just remember the crypto market is expanding and there is a very high probability that any of the established coins will go up sometime in the future. Relax don´t panic sell.
4- Buy low, sell high. Best strategy.

If you lost 0.007 bitcoin dont be afraid most of the newbie trader are also lost like me I experienced also lost my bitcoin when I started in trading. Heres my startegy . First before buying altcoin you need to make a lot of research like visiting the ann thrrad follow the updates, so you can know if there have project create if they have that have potential to increase.  Follow also the expert and successful trader and gets some tips to them so you can know what its better for you. But I suggest to you research is the best to learn more.

You want honest truth? Don't trade crypto. With altcoin it is more of a gamble totally orchestrated market and nothing will indicate that there will be pump or dump in most cases.
I understand that you want to earn money - so the best strategy is load your boat with bitcoin and hold it. If you think that current high price of $1900 is too high I have a disclaimer for you:
it is only the beginning, in 3 years this price will be tripled for sure - and that is the most pessimistic scenario.

It seems that you are a bitter in trading and you don't earn that good in trading altcoins. In fact, it is more profitable in trading altcoins rather than holding or trading bitcoin because there is a lot of coins to trade and that is a big advantage because a lot of coins has a chance to pump and give you profit while in bitcoin, the only thing that you can is wait.

If you are still a beginner you should be focus on one job, I think trading is needed of carefulness and patience. Join in this forum when your  time is relaxed.

And practice. Lots of practice so that you'll have an idea of how things work and that would also provide you with experience that's very helpful in making a successful trade. Of course there will be times when you would still lose but try to start with minimal amounts when trading. The profit may be little but the point is that you have to first gain enough experience and techniques. It also would help to read forums and threads because I personally learned a lot from experienced traders' answers and tips

Of course, you can very strongly pay attention to the advice of experienced traders, but And at the same time to study the theory but only practice will make a good trader from the user and you need to prepare for the fact that at first the beginner can always lose what he invested. Main patience.

One who introduced me to the forum suggested trading is the best earning source in terms of bitcoin. But as a beginner you won't be able to make perfect trading and earn good. Suggested to buy low and hold for a little and sell at the beginning and later on can experience other ways of making good profit.

Study first the different variables in trading. By studying that you can learn when you will buy or sell bitcoins. I know that you know that the trading is very complicated. Just be smart when you trade.

Where you invested your BTC? which coin did you bought? in trading, you need the patience to make a profit. If you don't have the patience to wait until the price goes high then don't do trading. You will lose some more money. Yes first learn how trading will work and which coin is better to trade. Then start to buy coins. Basic information is much needed in trading to make money.

It's better to invest more than that. Once you have enough, you can choos which you choose wether you like short or long term trading. For huge amount of money, it's better to choose ling term and for small amount of money, it's better to do short term trading. The best strategy of all is to be updated in every news so you can decide which coin is good to invest in/be traded.

what is your bankroll?

Actually, trading shouldn't taken too seriously so that you have more opportunity to learn, focus, and find a perfect timing. Trading is also fun as yet it's also challenging. If we take everything not complicated, our trading result would certainly succceed.

According to me If you are Newbie then you should Gain some knowledge in order to make Successful Trades online because if you don't have knowledge about trading then it's not possible for you to make money in trading because Trading is a game that works when have knowledge regarding a particular coin demand and supply and if you want to check any coin demand or supply then you can Google it. So the only way to improve your trading skills is to gain as much as knowledge you can.

better to research and keep on reading deeper information regarding with the type of trading are going to, day trade which allowed you to gain little earnings from to day activity or long term which let you invest with a long progress project who's already gaining attention and just waiting for a good momentum being pumped with the support of community, those things are really needed its your personality that will reflect when doing this job.

I don't really like to day trade but a few good pointers to add here is just to trade good coins and tokens. Don't trade crap coins that have a rubbish dev and some crony followers who pump and dump the hell out of them and leave everyone else holding the bag.
Do your research, due diligence and trade those decent coins that you don't mind holding long term if they are going through a correction phase.

Also try arbitrage trading, that is trading the same coin that has different prices on different exchanges. I did that with one coin this week and made a nice 0.03 btc profit and I still hold the same amount of the coin as I managed to buy it back at half the price on another exchange as it is one I am holding long term.  :)

Sure, the first lesson in trading is to face loss and accept loss, we will never succeed in the future if we do not accept defeat. Especially in trading, failure is an experience, an experience that can help us improve ourselves in the future and avoid similar failures. Advice from experienced traders is a great thing to learn and gives us more information, but we should not rely too much on advice because it is only predictions, we should consider it an additional information then check that information, if exactly we can choose to believe in and vice versa

Yes losing bitcoin is normal specially when you are new to it. But always take time first to read on a forum with the topic that is related to trading for more information and to lessen the risk. Yes risk , in trading there is always a risk but if you will do your part to engage your time and to work hard the risk will not matter. And if you lose some bitcoin one time always remember to scan your wrong moved so in the future or in the next time you know what to do if a sudden lose will soon to happened. Trading is also a self-taught thingy so it better to learn for your mistake and to experience  downs to earn more and to go up.

yes i agree, you must do your research first, find some articles regarding trading.  you need to familiarize on the coin that you wanted to invest, dont invest when you dont know it, just read some thread in this forum it might help you.