Bitcoin Forum

For who will invest for first time in Bitcoin, what is the basic recomendations and tips to PLAY THE GAME!??


1. It is true it's necessary search for a Exchange with the price cheap in BTC for buy it ?? That is a good recomendation for "Traders" and "Holders" too??

2. I will "holder" my BTC, I need buy in piece BTC or all my fiat money buy all BTC? What is the best strategy to be a good HODL in BTC?? And Why?

3. What is your strategy for now in BTC? And why??

4. List me all your good tips for to start now! I will be very grateful...

Pleaseee give me tips about reinvest BTC with your own gains...
5.If I invest $500,00 in BTC, in variation of BTC (%) I have now $530,00.... I want to know if it's worth to sell those small profits ($30*) to wait a down Bitcoin % to repurchase them again. Or is it very little profit and not worth reinvesting? Help me understand this mathematics of reinvesting to multiply profits... I'm very confusing about it, and I want reinvest and multiply...


Sorry for the silly questions, but that's how you start  :-\

PS:. I have already prepared my mindset, and I am only investing a money that if I lose it will not hurt me.

You should prioritize choosing a safe and reputable exchange, rather than an exchange with the best prices.

Why ask us? We don't know your finances. It's completely up to you.

It's either you "hodl" or you trade. "Hodling" might be the best choice if you don't know how to trade well(which most people don't).

Earn money. Buy bitcoin.

tips for investing in bitcoin
1. Invest Bitcoin in a Trusted Exchange
I am a binary exchange recommendation
2. Investment in Bitcoin on Cloud Mining
The second way, trusted bitcoin investment through purchasing cloud mining. That is to hire a bitcoin mining that has been provided by the provider, we just sit and wait for the results every day.

Earn money. Buy bitcoin at $2000 or $1000

NO! Totally NO! There are exchanges with fake price just to scam people. Or withdrawal fee too large... There are some example... just ask.

It depends mostly from your personal wealth and your current economical situation.
Most of the times, best way is just invest a little portion each week/month despite the price change.

Already described, this is my strategy. 
But at a certain point (peak of 2017) I have exchanged a portion of my btc (I am using since 5-6 years)...

- There is free cash here around :D and mostly of times is not advertised (like promising airdrop of a new coin).
- The best strategy is "learn". Try to learn as much as you can, even arguments that have not an "economic value".
- Your key = your bitcoin.
- We are all Satoshi ;)

I'm definitely not saying that bitcoin at $2000 or $1000 is impossible, but best of luck waiting for those prices my man.

You can just buy right away and hold just like a holder, best thing a newbie can do as an investor. Nothing special about it but since the price if always going up specially at this time that the bears are almost gone, holding is enough to get some profit. Some will advise you to wait till you see the price dips before buying, if you could do that its even better. Whether you send it to a wallet you personally own with its keys, it all your way.

In 2018, I had told a big buyer to buy Bitcoin at $3000 and the price fell to $2800. He was ready to buy at $5000

So assuming you're telling the truth, what makes you think you will predict things right just because you got it right once? Even a broken clock is right once a day.

Also, as far as I know, the lowest Bitcoin hit in 2018 is around $3200 so bitcoin actually never touched your $3000 signal. What exchange are you using that you saw bitcoin drop to $2800?

Best tip is don’t fall into sugarcoated promise setup by anonymous, you don’t know what you’re getting yourselves into until too late, remember the bitconnect. Crypto is never lack of high profile scam.

stop investing in bitcoin to want to make profit (on your fiat) and instead start using this unique decentralized technology as it was meant to be used, meaning as a currency.

Buy now and buy more at the dips. This is the best long term (>5ys) strategy.
My last years strategy was to wait until the price went lower than 5000 and then keep buying more all the way down to the lowest at 3500. I am selling almost all these coins for 2x. Some are still waiting for the 10000 jump.

My 2 cents.

- Invest an amount you are comfortable with. Let it rest (well if you purely don't want to trade them).

- Don't panic when the price falls.

Thanks

Personally, I prefer to buy small amounts regularly. By doing this, I will be able to buy bitcoin even if the price is high or low. It will all fall down to averaging my cost. It means I will have the average price of bitcoin in my portfolio.
But others will surely prefer buying everything once. Since you are a holder, this could work long term.

More than anything, you must know how to keep your bitcoins safe. Your efforts will all be for nothing if you lose your private keys or somebody steals your bitcoins.

If only waiting for this price to arrive is that easy. Since bitcoin is bullish now, this opportunity may not occur for a long time.

instead of focusing on HODL, profit, when to buy, when to sell,... as a beginner you should learn which wallet type and which wallet in that category suits your need and  how to set it up correctly to achieve a high security so that you don't just lose your bitcoins due to lack of initial research.

i don't know you but i have seen many newcomers be blinded by greed so much that they forget these very basic things. they end up storing their bitcoins on exchanges, in web wallets,... and sometimes get hacked and lose all of them!

Buying Bitcoin For The First Time

1. Choose the right wallet and secure all the private keys and recovery phrases.
2. Go through different exchanges available and select the one that gives you
    the comfort of using and has got all forms of buying.
3. Don't buy bitcoin with all the funds, try to buy a little at present and further
    buy when there is price drop as the market is fluctuating.
4. Buying little by little gets you on an average price even when the buying is
    made when the price of bitcoin is found high.
5. Continue learning more amd more from our forum that keeps you updated
6. You could begin to trade, if you have the mind to make an earning.
7. Day by day the usage and acceptance for bitcoin is high, upon that more
    Scammers can be seen around. Don't get caught into their traps.
8. Most of the scammers make you interested with multiplier schemes, and
    don't get into greed on hearing such.
9. If you consider it a long term investment, just buy and hodl it which is the
    risk free way most of the users prefer.

There is no strategy. DO IT NOW!!! If you had when you posted this you would already profit. Bitcoin is a currency. Do you believe in bitcoin and the blockchain technology? If so prove it by buying and holding bitcoin.
If you here to make a quick buck and go back to fiat again then you have missed the point and will probably lose money. If you have some money you can afford to lose use that money. The money you use to buy online... stop doing that, buy bitcoin with fiat and use the bitcoin to make your purchases online. Buy bitcoin, use bitcoin, support bitcoin.

First of all, do not view investing as a game since this involves risking huge amounts of cash in the process. Rather than viewing it as a game, view it as something that would give you an opportunity to earn cash in a short amount of time.


In looking for a good exchange, you should consider security, reputation, years of existence, and feedback from the users in the internet. Do your research before searching an exchange to buy BTC from.


It is highly advisable that you diversify your investments by investing not only to cryptocurrencies but to other investment platforms available in the market. Another thing, only invest the amount that you are willing to risk and lose. Investing in bitcoin is considered a 'high-risk, high-reward' type of investment.


I mainly HODL my coins and purchase some BTCs depending on the historical data of its price. Also, I gather information in the market by doing market research and reading current events that may affect the trend of its price.



One thing that you should know is that investing in cryptocurrency is never too late. You should do your obligation by researching and knowing the background of bitcoin before impulsively investing and jumping in the bandwagon.


There is no such thing as a stupid question, only a stupid answer. Good luck! :-)

For a beginner, i recommend to watch videos about trading or atleast read articles about trading to have enough knowledge about it. Then look for trusted exchange, and also you don't look for an exchange because they offer cheap btc coz probably that is not legit instead look for an exchange that is reputable and has a high level of security. Lastly, do not think that investing is a GAME to PLAY coz you might end up getting broke. Goodluck!

To start investing need a strategy, if you don't have a strategy which mean you don't know everything about the investment that you choose it will be useless. You will loss everytime you spend money for it and one important thing you have to knoe the sentence of 'use money that you can afford to lose' is not the best solution. You will always mitigate every conditions that will ends up with scattered that you spend.

The best tip for a newbie which has intention to start investing in bitcoin is you should have a sturdy knowledge against it. Don't start to buy, don't start to thinking how profit that you will gain and also don't depend on someone else. Find by yourself and make a suggestion from the other people as second strategy and make your startegy as the first choice.

1. I guess in every exchange doesn't have a big difference in the price to start trading. But you need to search for recommended exchanges, so you don't get any bad experiences.
2. You can buy bitcoin in any amount of money you have, but it is not advisable if you use all of your fiat money to buy all bitcoin because at least, you need to have money to buy something in real life.
3. My strategy still holds some bitcoin, but I sell some part of bitcoin to get the fiat so I can buy my daily needs.
4. That is my tips for you ;D

To invest in bitcoin as a newbies you will needs to study the historical market data and see were bitcoin is coming from before investing. Many investors especially those that did not know how things work always invest at a wrong price.  You are to buy bitcoin when it is in the bottom and sell when it in the top . If you do the opposite you will be losing and at the end call bitcoin names. It is the time and prices you buy bitcoin that matter and anything contrary is not advisable.

First timers should first introduced a good exchange because it will be the root of all transactions. As a new member, he should first buy bitcoin because its safer that other coins. Top 10 altcoins can be a good start also. He should learn how crypto works and what is happening to bitcoin all over the world first in order to get along with it smoothly.

The most important  thing ever is trusted investment ..invest a amount that are comfortable for you.. and in start  invest little bit.. and increased  gradually.. it will profit you..

It is really a nice idea and choice to invest in bitcoin. But you must be very careful and know the hows and why's you should invest in a particular time and a particular amount. To begin with, just a trusted exchange with a well secured system. Make sure you don't deposit your money in a scam exchange else you are doomed. Monitor the trend of the chart for some time and see the stable digit say $8000 or $9000. A knowledge in this will help you know the rate of its fall or rise. When you invest make sure you always check your investment. When it rises please try and sell some.
Invest wisely

I don't think it's necessary, because the difference between the exchanges is only a little the most important is the exchange you use has good trust and feedback.


Use all the fiat you want to use to buy bitcoin, the amount depends on whether you want to buy with all fiat or only part of the fiat you have. My advice is to buy all your fiat if the price reaches the lowest point in your opinion, or you can buy it gradually.


I am a holder and trader, I hold a few btc in my wallet and I trade several altcoins on the exchange.


Be patient and use good money management, always study, study and learn. That's the best way in my opinion, I do it every day.

this is an investment


Do not be fooled by the exchange price, look for exchange that you know who is the owner and were is the exchange headquarters. Imagine if you have a lot of money in an exchange, how will you recover your money if you do not know who the exchange owner is and where the exchange is located?


answer to the first question:

If you buy to hold for many years, then you can buy using all the money you have, you do not have to buy in parts

answer to the second question:

be a patient person

answer to the third question:

Because you will not sell in a panic


buy and hold

Get some coins and hold for years, never day trade.

Don't leave coins on exchanges, ever.

Don't leave coins on mobile phone / IOS wallets.

Know your private keys.

Invest only what you can afford to lose would be my best tip. Bitcoin's price is very volatile. Anytime it can go up or down. It isn't controlled by banks so it's price can't be regulated.  One thing about bitcoin is it will have a high value in the future because of its very limited supply.

One thing that are very important is the fact that people should realize very early on in this "game" that Bitcoin is a long-term, high risk investment and using it as a currency is it's primary goal. You should hoard 80% of all the new coins you buy and try to spend 20% of it, because people need to use it or merchants will stop accepting it and that will kill the merchant network.

The merchant network is just as important to stimulate the demand for bitcoins and for people to buy more coins on a regular basis. It provides a reason for people to constantly buy more coins.  ;)

after your first purchase, make sure to immediately move your bitcoin to a secure wallet
like hardware wallet
but make sure the wallet hardware is safe from the keylogger, because there is a case of someone's assets being lost because of the keylogger inserted in the wallet hardware

you can also use a web wallet like electrum or blockchain wallet
make sure to properly store the passphrase for the login without anyone knowing

the point is you have to move your bitcoin immediately after buying it from the exchange
never save your bitcoin on an exchange

Better to raise your stop loss so you wont have to lose out when it keeps rising. Buying back would be harder in a steep uptrend if you sell.

This answers to your questions bud. If you’ve already prepared your mind on it then you can go for it no matter what discouragement you may encounter. Remember that with all the decisions you make whether you succeed or fail, you take full responsibility over it. And you are right spend only money that you can afford to lose.

Follow basic rules:

1. Do not invest all of your money into single coin/token
2. Invested amount should be within your tolerance limit. otherwise you will loose everything
3. Trade professionally not with emotion
4. Dont be greedy
5. Educate yourself first about crypto, how it works etc
6. Do your own research, do not follow anything/anyone blindly
7. Remember, if you can wait, wait patiently caues you are not in lose unless you sale your tokens.

Try to learn the BTC price chart and price movements then you will know where BTC price was and where it can go! Read some articles, information about bitcoin to know more about your investing. Go to a trusted exchange to buy Bitcoin, but don't hold there. Buy a hardware wallet to store your Bitcoin and keep holding them! As you can see BTC price is growing very well and we are gonna break the 10K USD mark very soon. However, Congrats mate, you made a great decision. Good Luck.

A lot are already saying this - don't panic when the price falls. I for one, is also guilty on this matter sometimes. So if you want peace of mind and not really bothered by the price movement 24/7, invest what you can afford to lose. At least, you know that your investment is not for short-term profit but rather you're looking for long-term investments. Checking the price in the market will make you crazy. So you need to set and plan diligently when it comes to your investments.

you already have the answer, believe in yourself in investment, do not interfere with other people's thoughts even though you are a little loss. if you continue to believe that bitcoin will continue to rise then don't worry about your losses will be replaced when the price of bitcoin rises dramatically. and for the number question here's the answer.
1. just buy bitcoin in popular website, because it'll be safer
2. don't put all your money on BTC because You have life and you have to finance it to always live
3. my strategy is hold my BTC for 5 or 10 years also do some trade
4. just believe in yourself

Not at all, the average exchange actually has the same price for 1 BTC, it's just that maybe they use the price on the Buy Order so some might look like it is cheaper. and also usually the exchange has a high fee withdrawal.

Well said.If you can follow these basic rules,surely you will make good profits in bitcoin investment.This is not an overnight process to make you rich,you still have to make more struggles and conquer all your fears in bitcoin investment.As long as you have high patience,then all these basic rules will be very possible to you.

Yes. Do not be very agressive on  checking the market price very often because you will definitely become frustrated if you see a sudden dropdown of price. Learn to manage your time well and never panic once you see negative condition in the market. Becoming calm all the time is very helpful not to make you lose in the long run.

Actually there are no best tips for investing in bitcoin, and in general it is like investing anywhere and all you have to do is buy when the price is low and sell it back when prices rise and depend on the method you use to invest in the long term / short term and both have different advantages.
the most important thing is that you want to study anywhere or with whom and in what ways to be able to understand the bitcoin working system and you will find it from time to time to make good and right investments and be able to recognize deeper bitcoin and other digital currencies .

It is a market adoption, new comers will certainly be needing to understand it. We don't need to wait the market goes high before we invest in crypto but to start at low price is ideal time for starter. Market timing is very important and mostly never appreciate it cause they are in doubts if the market will rise once it falls hard.

Thats good tips, once when I first invested, I only used 1 coin to trade and use all capital without a backup of funds and backup plan,
when that coin price fell, then the big loss that I got was because I did not have any capital to run backup plan.

Hey, well good luck for your investment.

However, before you invest in crypto currencies, here are the few things you should know: 
https://medium.com/@odeskpawan1/want-to-invest-in-cryptocurrency-keep-these-things-in-mind-37907f83b37a

Also, keep this tips in mind before taking the plunge.
https://medium.com/@odeskpawan1/thinking-of-buying-bitcoin-follow-these-tips-c165ba9165ec

For those investing in bitcoin, don't hesitate to buy it when it is low. 3k dollars price is really low compared right now. Many buyers of bitcoin that bought during its peak and later on they blamed bitcoin because they lost a lot. They don't know what the real environment of bitcoin. They are just speculating it when it moves up.

For the first time investor, I must suggest choosing the trusted and reputed exchange that will make your investment worth in either of the cases. At the initial level, you can buy and hodl BTC to analyze the market ups and down and I suggest you buy BTC now because this is the right time to buy and analyze the volatile glory of crypto in the battle run.

all your points would be good if you buy when price are low when price are high risks increases and there will be fluctuations which can take out your capital
and i you believe bitcoin price will reach good targets then you can 
there are better opportunity where you can invest and gain profits quick and risk is also less as prices are low , divide your capital and invest in good opportunity

Of course they have to look at and see someone's experience so that they can know and understand what Bitcoin is, because what I know is that investing in their BTC is very difficult but the price continues to be more expensive, so I would rather advise everyone to learn about bitcoin Your beans understand, so you don't lose Bitcoin or when you buy in exchange ...

They do not know how Bitcoin behaves at that point. There are a lot of new investors that thought Bitcoin is a fraud, another pyramid scheme so these first investors of it will earn money and they run from them when the price dumps, but it is not. There are scams all over the internet and Bitcoin is not one of them, they should know about that.

there are way too many scams on the net and also outside the net but the sad part is that they are now using the word bitcoin and cryptocurrency to market thier scam attempts and thats the reason why cryptos such as bitcoin gain a negative reputation from the public especially to those who are newbies but anyway back on the real topic  , the best tips that i can give for the first time investors is that they should stock some knowledge first . when i say knowledge i mean general not just only in crypto and btc but also on how investing works .

Difficult for those who wanted to short it up but for those who are willing to take the risk it will be a good place to earned, having good profitable venue
if you are really keen to achieved don't worry about up and down it's part of the cycle just be positive to look forward.

It's never too late for invest / holding for a long time.
Yes, it is risky investment but when you decide to invest on something risky, how far do you afford to keep invest ?
While other investor earn profit like never before !

Right, most especially if it is too good to be true, it is best to do your own research before investing or trading and don't just rely on what others would say because most of the time they omit important things just for you to invest right away. Also scam is increasing nowadays so don't fall into their traps.

If you can feel from yourself that you are ready enough to enter this complicated, risky but profitable world of crypto, then go on buy bitcoin at a lower price. Search an available exchange wallets in your country to be able to store your btc as long term investments. Remember to DYOR which one is a reputable exchange to buy bitcoin.

Also, you've said you have set your mind to this kind of investment. Then, do not be afraid to enter and take a risk. Since you are new here, the best tip i would recomment to you is to do a long term trades. It is more safe than to do short term tradings.

Don't invest any single penny before learning about the coin.How bitcoin react on market.I highly re-commanded learn to use forex MT4 system.Get the chart bar and watch movements of bitcoin.Create a demo account there and practice how to trade.Use both technical and fundamental news to trade.Keep doing that couple of month you will get the good knowledge about bitcoin.Then you will feel yourself when to buy bitcoin and when to sell that.

Trading opportunities like trains.When you are at the station,if one train goes another one surely come

Number one not really necessary if you are going into day/regular trading
Number 2,3,4 have been addressed below:

If you desire to go into bitcoin/crypto trading then learn to trade first by:
- Reading a good book on cryptocurrency trading,
- watching good YouTube tutorials on cryptocurrency trading, 
- using a demo account to experiment with trading
- and then trading with real money you can afford to lose

The best tip is to do some reserve and follow trend because every one are not likely to be wrong at the same time but never invest more than you can't afford to loose

Wau, I learning a lot with all you!!!

Others questions  :P

Doubt 1:

Do bitcoin trade just buy low and sell high?

Or a BTC trading goes beyond that, and how do you set the price of the order you want to sell?

For example:

It is possible in Exchange to set a sales order of 0.123 BTC for R $ 123.00
rather than selling for only $ 100? Hence, do you profit R $ 23 more?

(I used dummy numbers to illustrate the example of my question lol)

Doubt 2:

Is it possible to set up StopLoss on an exchange to sell a crypto currency to convert to fiat money if there is a devaluation? Or is StopLoss a configuration only in the HomeBrokers of the "stock" of the conventional financial market?

And what about StopLoss tips do you give? lol if there is anything to add on this subject, although I think it always has ..

What to do with new bitcoins joining an investment should be good to you and you should invest in it first start at a tremendous amount as it grows and of course before doing so you should be careful of scammers.

I would rather choose an exchange with higher price but safe and secured compare to ones with low price but not reliable, with regards to storing your bitcoin better get a hardware wallet because it's more safe compare to leaving it on exchanges.

Nothing beats taking your time to learn everything you need to know about cryptocurrency, this is not rocket science and this is not something you just pour your money with and come back rich, you must learn how this technology works and how to safeguard your coins, you are very much responsible for your coins and the most important thing is, you know how to sell and how to buy more, and of course trade on various exchanges.

Buy bitcoin with your spare money from trusted exchange then store it on your own wallet. Make a plan on how much profits you want to achieve. Indeed at the beginning, the things may not run as expected and patience will be needed. Then while waiting for your investment to grow, you can use your time to learn crypto further.

Select a fixed amount of BTC that you are going to hold , what I usually do is keep kind of two wallets , in one holding for the Long haul and in one I see the price is good and I need some money , I encash

This way I am able to encash day to day whenever I want , whatever savings I get I usually add them into the bank and keep some out of Bitcoins because in last , it's not a good idea to invest all your life savings here , then buy some Bitcoin from a friend or from exchanges.

Try getting then from a friend you know P2P transactions it's cheaper and more or less the same.

For the first time, investors need to invest in the market for the first time. For this reason, I think there is a possibility of losing more trading in the first place. Therefore, BTC has bought the market for understanding the condition of the market. And when the price increases, then sell it.

- ready to remember the principles and plans for speculation and understand the risks of crypto market.
- Observe and select the first step and market trend.
- hold on time will be much more valuable than stop-loss.
- regularly update news

I do think you already got the answer for the question number 2, only invest the money that you willing to lose which would not hurt you or make your life uncomfortable. I do believe you need to look at the patern of bitcoin and just make your mind to invest in bitcoin cause you believe in the technology. I do think you need a purpose to be able to hold long enough and survive the bear market, cause many people are loosing faith and sell all of their coins cause of the bear market.

The most important thing is to stay calm no matter what happens. Don't overreact and don't let FUD news guide you.

You also should remember to keep some money on the side. Divide your fiat into 3 or even 4 parts and invest 1 then if it goes up or down invest another part. Always have some money invested to catch sudden bull pumps and always have some fiat to buy the dip.

Whoever going to invest on bitcoin for first time, they should acquire enough knowledge about bitcoin and blockchain technology. Know price from markets isn't enough to invest on bitcoin. This isn't quick rich scheme, so shouldn't expect it. Without proper knowledge about bitcoin no one could gain. So that's only suggestion for new investors from my side.

Now bitcoin has the potential to provide maximum profits. If you are a beginner who will invest in bitcoin then you must have deep knowledge about bitcoin. You must monitor the market for at least one week to find out the movements of the bitcoin and the strategy you will choose to play bitcoin. You have to know lots of exchanges too so you can compare the prices of bitcoins between one exchange and another. After you have enough knowledge, you can buy bitcoin at a cheap price and at least endure it until the end of this year. My prediction, the end of this year the price of bitcoin will skyrocket again.

If you want to buy bitcoin not for trading, but to keep it until better times, then the choice of the exchange does not matter. You can buy it now and just wait. But if you want to trade, then you better prepare and wait for the most convenient time to buy.

1. no need the most important thing is the exchange that you use is trusted.
2. Your steps are correct, I also buy BTTC gradually and don't buy it at once.
3. I am a trader, of course I trade with these good market conditions.

Buy low sell high. Don't check the price all the time, too easy to get consumed by it. Don't keep your coins on exchanges like Coinbase.

the people will never invest in the digital world if they don't understand the blockchain system.  so an important point for beginners is to understand the basic system of BTC and know every risk.

Hi there!

I want sugestions about how mutiply the BTC with your own gains...

I invest $500,00 in BTC, in variation of BTC (%) I have now $530,00....

I want to know if it's worth to sell those small profits ($30*) to wait a down Bitcoin % to repurchase them again. Or is it very little profit and not worth reinvesting?

Help me understand this mathematics of reinvesting to multiply profits... I'm very confusing about it, and I want reinvest and multiply...

There are a few things you need to take care of before trading or buying BTC.
1. Find a reliable and secure wallet. There are various secure wallets on the interest which you can use to store your BTC. For eg: zebpay , samurai , btc wallet etc.
2. Track the prices of btc and observe the graph. You should atleast take 2-3 weeks to get a glance about the inflation or the opposite of btc.
3. When you see the graph increasing, that is the price of btc is going up, you can sell your btc but when you see the price going down , hold them , don't sell but buy if you see any chance of them going up again.
4. The key to have a good hold on your Investment and gain profit is Patience, awareness and knowledge.

I wish you luck!

If you're sure that Bitcoin price will fall from the current price ($10870) then yes, sell now and buy at lower price. The only condition if you want to make profit is, that you buy back at at least 1% smaller price so at $10760. And you will make small profit because trading fees are always lower then 1% (usually 0.2%).
But chances are it will never fall to that value so you might be forced to buy back at higher price than you sold. The decision is up to you. My personal opinion is that Bitcoin will fall bellow 10k in next week or two, but don't take this as advice. I could be right, I could be wrong.
And make sure you don't miss the price fall. So the best bet is to open buy limit order at exchange so that you automatically buy bitcoin when it falls to your target price, for example $9900.
The profits of such trading are relatively low though. I would probably suggest you to just keep HODLing if you're a beginner.

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My tips are the following:

1. Keep the safety of your coins in your own hands. Never keep your coins in a wallet where you don't control the private key
2. Never ever keep your coins in an exchange wallet
3. Be careful about phishing links
4. Stay away from panic selling
5. Never invest in worthless shitcoins

Go 50/50 sell half keep half. Then, either way, you will make a profit. You could go all in either way but I feel its a bit greedy. I think take some of the remaining bitcoin you have left and invest in other currencies then rebuy bitcoin and treat the secondary currencies like you do your bitcoin (selling high buying low) so you always have an investment left otherwise you sell all at high then have nothing left because you never bought back in. Most of all be patient.

Only one addition from me is that if you intend to start trading or investing in bitcoin then always consider every step you will take and never enter the crypto world without sufficient basic knowledge.

Buy when it is low, this is a good opportunity to have bitcoin as investment. Do not think that it is late for you to invest because bitcoin is just starting to recover from the dump. Be careful in handling the risk and learn how to play in the market.

Well, if you invest im Bitcoin for the first time not it's not the ideal time for buying. One of the golden rules is to buy low and sell high and at the moment the price is on the rise. Still it's never too late to invest if you have made some good preparation in terms of collecting enough information and strategy and you have some realistic goals. That is very important, to know well your possibilities and limits, how much you can afford to lose and what is the goal you want to achieve.

My tip is absolutely according to my experience. I will say NEVER directly invest in it. Always go for Forex Broker (https://cryptolinks.com/bitcoin-futures), as this means you can get out anytime you wish.

If you go for direct way, it is way too complicated to make you comfortable and that is really not something you should feel comfortable at all. I have done both so I know how much struggle it could be if you go for direct purchase, as with trading you always have option to move which keeps one relaxed.

First, choose the right and reliable exchange for you to buy bitcoin, don't exchange carelessly. so that when you deposit or withdraw there is no problem.
second, buy bitcoin when it's cheap if the price is going up, you should wait for him to go down and buy it so that your money is not held back. try to analyze the market situation whether bitcoin will go down or will rise.

A few tips than I can give to the new users, based on my 5+ years of experience here:

a. Get a hardware wallet and store your coins in it, after taking the proper backup.
b. Never invest in any pyramid or ponzi scheme using your coins
c. Set multiple targets for different levels.
d. Use exchanges only for trading, and not for storage of coins
e. Keep your private key safe and secure.

I guess in the end that also depends on how long it takes for you to get the profit. Some people think that in 3-5 days like that I think it's more than enough. But we know that this will be difficult. You better split your capital to avoid when the dump price and long to recover

Bitcoin trading is far more than the buying low and selling high thing for you need to understand the appropriate time to enter and exit the market. However, Bitcoin is more than an asset and you shouldn't sell I all even when you make some awesome profit through it.

Meanwhile, no exchange have the features of stop loss or selling rate but there are some new project planning to offer such services. However, you can still perform the features on current reputable exchange through the use of bot trading, algorithmic trading or automated trading but only exchange site that supported third-party trading platforms and algorithmic trading will allow you to do that.

All bitcoin or altcoin trades have a high risk even though they do not have sufficient experience, let alone new users even old users are often trapped in the moment, it does look very easy to see it. but when viewed from the other side, there are no winners or losers when trading, it's just that you have patience to see moments of that are not wearing, when there is a decline in all markets, don't just look from the side when there is a big increase, the point is patience that you have when investing or trading ...

If you are new to BTC or crypto trading, my sincere advice is never to buy in the current bullish market rather wait for the dip. Secondly, never jump with huge capital straight away in the beginning, start will small amount and only invest huge capital if you are confident enough.

When starting to engage in any type of investment, you should not lose sight of learning trading strategies. Cryptocurrencies are still a new type of assets, and many people do not think about a reasonable allocation of funds and portfolio diversification. Some coins move along with other BTC, some go against BTC. It is necessary to arrange them in such a way that it is easier to understand which disadvantages are connected with what and how this is related.

If you are a risk averse then you look after for long-term investment in the cryptocurrency. If you are a risk taker then you can gain high profits with high losses. May be you are aware of the term more risk more return. In the short term you will face high risk but also the return is high.

Previously, I had only heard about trading strategies, but really they had an opportunity to study when I met in the platform taklimakan, where there are educational materials for cryptocurrency trading and notes from experienced traders. Only then did I understand how important it is to learn strategies. Because it is your guarantee that you will stop at the right point, and not chase after imaginary good money losing everything, giving in to emotions

For any type of trading activity it would be wrong not to have a strategy. The raider earns money by moving the market to the instruments of his choice, be it stocks, forex, cryptocurrencies, etc. However, where there are risks and volatility, there are also excellent trading opportunities, as significant price movements mean huge profits if you in time and correctly make your deal. Trading cryptocurrencies today is relatively simple, and many reputable brokers support them.

With the cryptocurrency market becoming more and more mainstream and the larger effort to integrate the stock market, a lot of traditional trading techniques are finding their way into the cryptocurrency market as well. And the best part is they’re working

In crypto industry I have seen this word tips in gambling sites. Usually when the users reach some level at the time gambling site admins used to keep that user.
This is one form of tipping the crypto investor to gambling.
Likewise we have affiliation program in many crypto best sites used to give some funds to refer. I don't think ok you need more tips for referring but you will get a cool funds.

Investing in Bitcoin is a risky investment that means we are ready to accept it. No need to be affected by bad news about Bitcoin because for new people who want to investing for first time worries are something that can make them down.

Agree, know risk and know how to manage to avoid and limit risks, which is what people who invest in bitcoin for the first time should know because we should imagine that we are at sea, want to be safe and survive when faced with fierce waves and sharks, we need to know which devices or tools to deal with these risks. Investing in bitcoin is also similar, safety is determined by the equipment we use for each situation, with less equipment and tools, we will be more likely to die while more equipment and tools, the chances of living will be very high

Anticipating the possible risk might bring good composure while investing to this industry, if you have good ideas with any potential movements you can trust and continue to invest your money, it's not easy to entrust your investment but of you understand what you are risking for, then it's also not hard waiting for your success.

never sell your bitcoins if its very obvious that bitcoin is going to fall.i did this several times and every time bitcoin kicked my ass. if you are long term investor then you dont even think about to sell.

Investment is not something you can rush immediately. You need to strategize and monitor how the market is going. Investing with your spare money is very advisable, so that you won't get someone to blame at the end

Exchanges will have the same prices because bots already work on the variance trading and they are really fast.

If you use all your fiat, then you will need to sell btc to get some cash again, so, i recommend to spend only the money that you will not use now, even you should see it as lost money.

To hold is the strategy for yesterday, for today and for tomorrow.

in my opinion that $30 profit it to small to convert now.its better to just hold it right now and wait for a few months because bull run is just starting.

lol, i would not say much because i believe so many similar thoughts might have been shared already but in summary invest an amount that you can afford to watch it over a long term without selling bcause in cryptocurrency investments you only lose when you sell the asset.

Every tips one will outline here is definitely important, now the most important part is to not let ur wallet where you stored up your bitcoin get leaked and hack if not every plans you have regarding crypto currency will disappear.

the best tips for beginners are. must dare try to put some of their money in bitcoin or altcoin. and must always be sure that I can. must always pay attention to every movement of coins that we buy. so we can benefit

Sharing my experience, the best tip I ever acquired is a simple get a bitcoin wallet I'm just fortunate enough that the same person who gave me that advice deposited a few dollars worth of BTC.

Set a clear and achievable goal on when you plan to sell your coins and when you finally hit or reached your goal but the price continues to go up, sell only a portion of your coins to at least separate your profits from your capital and re-invest somewhere else. This is the problem with newbies, they have no clear target to up until when they will hold.

1. Trading is best one when you have technical skill to read situation market.
2. Buy half of your fiat and onother one to buy back when dip
3. Just Hodl and take holiday, come back next year.

I will look for a very good exchange list and have the best volume btc. like the binance example. for the cost problem I don't think it is necessary to look for the cheapest exchange because if the increase in the price of bitcoin is sure to still get a profit.
see the bitcoin price chart, if indeed the bitcoin chart is stagnant it may only be able to hold and if it can grow optimally I think it can be done to sell

Well, I guess I don't recommend those people who are just new in bitcoin or cryptocurrency to invest immediately but I do refer to them that they will need to just read and learn about cryptocurrency and also the environment of bitcoin so they are not illiterate about it in the future.
If they really wanted to buy bitcoin or invest on it. I suggest they'll need some instructors at first to mentor them and I guess after a few weeks they can now invest on they own.

if in my opinion for people who are just investing in the digital world of bitcoin. it would be nice to pay attention
1. Do not use investment capital from a loan from a bank or other person.
2. use the experience and talent that you have, but don't have the diligence to ask the bitcoiner seniors.
3. look for markets that have many members and fast price chart movements. because that will bring us to profit

There are multiple ways to get Btc nowadays: participate in airdrop/bounty programs,  then sell the tokens you receive for Btc. As a beginner, another good option is just to buy and hold.

When you are more experienced you might try daily trading and also mining Btc, but these options require important funds to start with.

tips when you want to jump into the world of cryptocurrency maybe to what you want to do with bitcoin like wanting to invest or trade. for investment you can invest your money by buying bitcoin then leave your money up to 5-10 years whereas for trading you can buy and sell bitcoin to other cryptocurrency so that you can earn little profit by little

Dear if you want to earn money then Buy bitcoin.
Safe cautions for you i will recommend to you is
1: Choose the safe and most recommended exchange.
2: Don't keep bitcoins for long term. Play with it just like a game.
3: Win and loss is a part of game. So never disheart if you lose sometime.
4: Always learn from your mistakes.
5: Try to learn trading techniques if you are newbie in trading.
6: Take a start from middle of your budget. Don't invest your all budget as when you get some experience then increased your investment as you want.
  Hope ans will helpful for you.

I am interested in the first point, where choosing exchange is the main thing to do, because without good exchange, our hard work will be in vain later. for that I still choose binance for trading

First, investing on bitcoin is not a financial advice to begin with, you decide on your own because it's your money you put vested in it and do your on research to ensure you have the right decision to make. To make the story short, invest what you can afford to lose because bitcoin's prices are ups and down, you should know how to react on that situations. If you are trading then must be smart and always stay out of greed because it's a temptation.

Bitcoin should only be purchased through viable exchanges, no user-select exchanges, and not known by many investors. Do not keep Bitcoin on exchanges because hackers hack exchanges, so It's not safe with your money. Please choose Bitcoin storage platforms like coinbase or blockchain.

So OP. Did you buy when I told you so or you are yet indecided?

now the price of bitcoin is 12,600 $ and will still continue to rise. you should buy now and hold it until at least the end of the year to get a big profit. do not panic if you see the price of bitcoin decreases because usually the price of bitcoin will only experience a slight correction. hold until you get a big profit.

The best tip that I could give them is that they should know what they are investing in ,
As we know most of the newbie or new investors in crypto are just investing because they think that they would gain profit from it,
They are just here due to the hype not knowing the risk that they are getting in.

First never consider investing in bitcoin as a Game because if does for sure you’ll get nothing in here but losses.always remember that in this area our precious money is at stake and making it a Game is like a suicide so better change that mindset

Second never go ALL IN ,at every instance always consider having a second option and that will happen if you diversify your money and buy at least 3-5 altcoins and tokens

I agree with you, that there is no recommendation for users to put their bitcoins on large or unknown exchanges, because it will risk losing your BTC, if you want to trade at least not put too much Bitcoin, because I know that exchanges are not all safe for save bitcoin, at least use the Blockchain which is clearly safe to store your bitcoin there ...

There are many tips for who will invest in bitcoin for first time... first of all do research  befor investing.. then find a best and secure exchange point to buy bitcoin...

With this quick increase I think it will have a correction for the next following days or before the end of the week. I don't suggest buying now because many people are in fomo again. But who knows, bitcoin is very volatile it could pump even more just like what happen on 2017. It all depends on the op.

Now we have come in this stage where everyone know better about bitcoin and if you are really interesting in bitcoin, so then invest on it, otherwise in my thinking you are little bit late come in bitcoin, because you could see bitcoin price $12560, it is too much high and ago two months or a month, bitcoin was not in high pick, that was a time for investment. But if you have a lot of money then you will invest in bitcoin.     

Everyone believe that Bitcoin will reach ATH so bitcoin is the best investment for now or investors can also choose ethereum for investment.
You are right months ago when the whole crypto market were bleeding badly, that was a good time for investment but big investors already invested at that time.
But Bitcoin dominance right now at %61.5 and price just moving to upside.
https://cointelegraph.com/news/crypto-analyst-says-bitcoin-price-could-hit-100-000-during-next-bull-run

These days everyone knows better about Bitcoin but not everyone does smart moves about it. You are right, it seems like Bitcoin price is a bit risky to invest in today.  Couple weeks ago it would be better to start investing.

I agree with the technique you recommend, because the expensive price of bitcoin will certainly reach the highest limit, my prediction until the end of the year can reach USD 20000.
Of course this opportunity must be utilized as well as possible, but there is still time and opportunity. Invest with the money you have, don't use debt money. Be patient, I'm sure the highest price of bitcoin for this period is still long.

There are several things i can advise on.
1. Use trustworthy exchange, there are a very many exchanges which appear great but in reality have little security and fake volume.
2. USE 2FA for your exchange wallet
3. Store BTC offline if you are a hard core holder
4. Dont get caught short term price action
5. Dont set stop loss at low levels especially if you dont know what are you doing

1. Do not store BTC you do not plan to use/sell soon. Hardware/cold wallet is way safer.
2. HODLers can surely disagree with such a statement. As well trading requires some knowledge...what many people learned hard when they invested in BTC in December 2017 and selling in panic in 2018.

All of that you listed are helpful to me back when I started to know about cryptocurrency. I began to look for trading strategies at youtube tutorials. Then, I tried it many times. Unfortunately, I lost a lot of money before I learned. But right now, I am gladly that I can execute safely than before. If we never try to trade, we don't learn from it.

People should've invested or bought bitcoin in a couple of weeks ago, I mean REALLY! Ever since the price increased to 5-digits, it just continuously pumped and we are so surprised by it. If you are a new investor, you better know that investing in this market is not as easy as you've done like other assets. It is volatile and you should've always stay track of your investment because you will be missing a lot of good points or times to sell your investment.

Bitcoin plunged today by as much as 20% due to the crashing of coinbase exchange. This is your opportunity to buy some bitcoin. Always remember that better to buy bitcoin when the price drops.

So it means impossible to happen?because bitcoin will never go down that low value.looking at $11,000-12,000 I don’t think there’s any chance to bring back to that lowest value for the last 4 years or so

Maybe mentioning some good and trusted exchange would help.like Binance and bittrex

Only invest small percentage of your capital at once. And dont jump into any campaign without enough research. No one will ever care about your investment. And emotion will only bring loss into your account. Tokens or coins are important than project itself and dont love the project, love your tokens instead.

Yes.Just always remember to buy low and sell high and you won't get misled in btc investment.And invest only what you can afford to lose so that you will not be totally frustrated once you end up being a loser.With the current correction we have right now,it would be best to start buying now and sell it when btc surges again.

The O.P is referring in BTC, not on any token but I guess they should also think about this one. The project is important also but that is for the big companies that need the project or service but you as a small time investor you should always think about what will happen into your money and what is the good benefit of it for you in the future. Do you think it can help many people in the future? If yes then for sure the value of that coin or token will increase and that's one good thing in investment.
Investing such test money or we can say low money in BTC is a good start, just make sure that you must learn from your mistake if you already have done one.

The very simple formula is to buy bitcoin when it's cheap and sell it when it's expensive. That's the simplest theory. But in practice it must first understand the characteristics of the coin, as well as what potential causes prices to rise or fall. Besides that it needs emotional control.
As a beginner, of course  have to learn a lot and see the development of bitcoin from social media or the internet to add insight that is very useful in trading.

Best tips for new investors is learn about everything related to bitcoin,Do few fundamental analyze and technical analyze.Fundamental means reading news about bitcoin you can do that a site like investing. com .Find everything that effect to bitcoin prize.Google it.Technical analyze means simply know the support and resistance levels of bitcoin.You can use MT4 .Open a forex demo account and learn about trading practice this at least 3 months.After you ready enter the market.
Remember
Don't put all eggs on one  basket

I don't think you should ask about it.  Everyone should understand for himself whether it is worth investing and how much. You can't rely on the opinions of others. You need to learn everything yourself and make your choice

I'd say "If you've only heard about Bitcoin now, then NOW is NOT the best time to buy". Much of the complaints of newbs is that they are "losing" their money. And that's mostly coz they bought when there is a rally and didn't manage to get out soon enough.

if we want to invest in bitcoin, we must have unused money needs. but don't expect bitcoin if you can't judge movement in the market many beginners are lying in infestation because they don't understand something that is very important hold and understand the storage where they invest bitcoin

I got confused with your questions and main point. Anyway, here are my 2 cents:

1. Before thinking of buying, please familiarize Bitcoin first. Know Bitcoin thoroughly. And because you intend to buy Bitcoin as an asset, familiarize its price movements as well. You might end up dumbfounded by the way it rises and falls.

2. Buying Bitcoin is not that hard but keeping it is, much more trading it. Bittrex, KuCoin, Binance, Coinbase, HitBTC, and so on are some of the exchanges from where you can buy your BTC. Please read the reviews of your exchange of choice.

3. Do not trade for now. If you want to buy, just keep it for the time being, while you are still learning.

4. Please, start with a relatively small amount. You do not invest into something you are not yet familiar.

Good luck to you!

Glad that you have this mindset, that you are only investing what you can afford to lose, this is how investing should really be, not only in Cryptocurrency but all to kinds of investment as well.


It's important to diversify on exchanges with a good reputation and does not deposit and buy on one exchange only, it's not only the price but the reputation of the exchange as well that matters


My strategy has always been to buy Bitcoin and other Cryptocurrency in the bear market, but since you are coming in now in the bull trend the best time is always now when you have the funds and the mindset because Bitcoin is headed for I believe to it's next all time high.

This is a stupid idea,bro.I understand that you are a newbie,but I think that even a six year old can understand crypto trading. Just HODL your bitcoins and calm down.
Bitcoin is not stocks.You don't

are you sure that a six year old kid can do crypto trading ? lol .

 by that age they wont even know how to read or write properly but even a genius 6 yr old cant still trade because cryptos are hard to understand for a begginer and how much more if its crypto trading that he will attempt to do  .  im over two years on this industry but i still dont understand the other terms and strategies on crypto trading   .

  the op isnt totally a noob because he already states some example above , i think that he needs is a suggestion or strategies to improve his trading career   .

Invest in btc like sip, take some part of your salary every month and invest, this way you will save yourself from volatility and history shows, returns are best in BTC.

8 pages of answers and noone actually cares to answer OP's main question.
Bitcointalk is not a forum anymore but an advertising agency. I was so tired trying to read 2 pages of comments that had no substance at all so I skipped all the comments.
Anyway, if noone answered this I will.
There are a few people that have this strategy you speak of. But I doubt they do this with 500$ accounts. With the volume you are trading I'd advice going all-in, all-out on your trades, unless you are using leverage.

I think its better if you buy it in a more reputable exchange and with volume. Yes there are some exchanges whose Bitcoin is cheaper but with no volume and vice versa. Binance, Bittrex, Kucoin are some of the exchanges where you can buy BTC.

If you're a trader then don't hold too much Bitcoin and use it for trading however, if you don't know how to trade then do the buy and hold strategy.

BUY AND HOLD!!!!!!!!

I said it already. Now its up to you now. Do some in depth research, find a mentor and read books. That can help you.

Best way ; )
Make a long term stack and a short term one. It will help on the moments you need BTC without touching your BTC savings.

Constantly increase your investment capital.
Investing requires money, and the total amount of this money must constantly grow, otherwise it will not be possible to call it investment. As a source of growth can act as a means of deferred from the main salary, and the profits from the already invested funds (investments).
In many materials there is a figure of 10%, which should be postponed from the salary, but this is all individually. Everyone chooses how much he can postpone, without prejudice to the quality of life, but more about this in the next paragraph. Do not invest the last money.

$50,000 and $53,000

I suggest not investing because it was never meant to be a form of investment. Read the first sentence of the white paper.https://bitcoin.org/bitcoin.pdf Use it p2p and use it as a e-cash not a investment.

Have a nice day  :D

My advice is to stick to one investment strategy. Do not be distracted by something else, and clearly follow the goal by performing simple actions every month. If a person works somewhere and gets paid, he can try to allocate 1-5% per month and buy bitcoin. I read about it somewhere and started doing it myself. Slowly but surely going to his goal.

Its preety great advise mate, I want  to add my tips and advise to the op before the invest and hold bitcoin, he need to learn the risk investing in bitcoin and op need to learn how to minimize the risk to avoid loses.

I don't think investing in cloud mining contracts is a good piece of advice. I had been in that kind of situation, and I would say my experience with cloud mining services were not good.  A potential cloud mining investor should read first threads here which are discussing elaborately regarding cloud mining sites and their respective services. You will find out that investing in cloud mining is not really advisable.

It is worth of sharing how he started to invest for those who want to try on their own too. Though you cannot rely on what other say to decide, it is better to see the views of everyone and it helps you on decision making process. With different ideas, you can make better strategy and ready for the risks.

people can ask about tips how to invest, but all decision is yours. because we cant predict exactly and everytime they will move up and down.
how big your fund, big profit you get. invest is about hold your coin until you get profit, about patience. look for trusted exchanger to save your asset. its good to put not all money, and try to look good coin or token that have good future

The only thing I check while buying Bitcoin (https://payments.coinswitch.co/?crypto=BTC&fiat=USD&amount=100&utm_source=home) is my strategy.

The very first tip that I would suggest is to research what exactly is bitcoin, and what kind of risk is he exposing himself too if he decides to invest in it. Then secondly I would advise the person to study the regulations which he would have to comply as per the prevailing laws in his country. One final tip would be to avoid being effected by short term fluctuations, and focus on holding bitcoins for the long term.

The problem with their approach is that by the time they heard of it, it's already the tail end of the rally and usually once the media also start noticing, that's when it starts to plunge. This goes not just for bitcoin but for other things. Rather than buy then and get locked in, wait for it to boil over and then once it subsides, then you can decide whether you want to buy the now cheaper crypto/stock.

FOMO has ruined more people than prudence.

The best advice that can be given to any investor is to DCA. Averaging down your position over a period of time is always a good option. Also, buying at local lows is always provides a good entry point.

You have many ways to store your BTC. I think you first need to have a secure payment address, install personal codes, 2fa and always remember them. Next you need to buy a top safe exchange platform like bitrex, binance, of course you can store it on this platform. You just need to keep that amount and persist on its value

First I think, you need to be patient because the price of bitcoin is volatile. Many other people suggest that you buy bitcoin while it is in lowest price, so that when the price of bitcoin start to increase then you will not have any problem with that. Investing in bitcoin is like a gamble of patience, if you lose your patience then you will not get the result that you really want.

1. it isn't necessary to start looking for an exchange with lower bitcoin price to offer, what you need is a good and trusted exchange, to begin with.
2. Buying bitcoin in piece/parts would help especially if you're a starting bitcoin since you didn't know yet if you can profit from that, let's say buy some and test if you can profit from it then if you do and you're now confident on investing in bitcoin then buy using your fiat.
3. Scalping, abusing the volatility can help you to profit a lot from time to time. You can easily earn $100 in an hour in scalping and lose more significant too. It's still risky tho.
4. The first and essential tip is to study about bitcoin, know each thing that can be useful to you when you're invested in bitcoin.

It is, the cheaper price you get, the more profits you could get in the long run. Buy low and Sell high, that is the thing traders always do.


After you bought some bitcoins in a low price, just hodl it until you are contented on a certain price where you would sell it, it is all about setting a price and knowing how much profits you want. Patient is the key.


If you are going to Trade it, you need to do a lot of stuffs than when you are just going to hold it, you need to sweat if you wanted to maximize your profits to the fullest.


Just figure out what you really want for your bitcoin, either Hodl it or Trade it, do that, and you'll saying hello to your profits in the long run.

Just choose an exchange that you think will be convenient for you. Also before investing, choose a wallet that you think will secure your funds, the best would be to buy a hardware wallet. Never put all your money in crypto, save some for your daily expenses and daily needs, the fee for tranferring your crypto from one wallet to another and changing it to fiat might be costy.

For first timers, never ever join telegram/mastermind/secret/vip groups in any part of social media that focuses on shilling their coins or highlighting their trade forecast. Filter the good and informative groups from the shitty one because that is where you will really know how to take care of your investments on bitcoin. Another thing is don't be emotional or if you are, try trading small amount of bitcoin because that will enhance your mind rather than your emotions.