Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past.

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

If you had $500, which coins would you choose to buy

No matter how you are going to educate newbies in trading, its undeniable that we will still see them trading like gambling at first. Trading with lack of experience is still like playing gambling, you are just waiting for your luck to favor you so you can win and beat the other players. But as you go on trading every now and then, your knowledge and skills will improve and develop, your strategies will be more enhanced as well, that made you a better trader in the process. Experience will always be the best teacher as they say, and has been proven by everyone that succeeds in trading.

There is no shortcut to this, Even though you want to do copy and paste trading, you need the basic knowledge about trading, that is, how to set t.p's and stop loss because sometimes an instructions maybe given to you by an expert trader that you copy to adjust stop loss or your take profits, and you don't know how to go about it, except if you're into exchange copy trading that is automatic where you don't need to do anything and the system does all the jobs for you.

A wallet seed phrase or private key is key for your wallet recovery. If you have it, you can recover your wallet any time.

Another method is you will need a wallet file in backup and if it is an encrypted file, you will need a password to decrypt it and access your wallet private keys and bitcoins.

Before they can trade, they must have ability to store their bitcoin or cryptocurrencies safely. Because the advice is always "Don't use all money for trading" so the part is not used for trading, must be stored safely and not on centralized exchanges. People have to be able to secure their own wallets.

Trading is risky and I really believe that hope to get rich with trading will cause massive loss. With trading, you can win big then lose big and you will need a lot of time to master trading and control your trading decisions.

With newbies, they should never touch trading with any type of trading.

They have to learn first about Bitcoin, how to store bitcoin safely when they buy it. What wallet to use for bitcoin storage, how to back up a wallet and recover a wallet.

Then after learning basics, they can buy bitcoin and store it in their non custodial wallet for their investment. Let me repeat, investment, not trading.

Trading is risky and newbies are more vulnerable to lose money in trading. Even senior people in the market can lose money with trading so don't expect newbies to get profit with trading.

Up until now I have been just buying and patiently waiting for the bull run but in the last week I have seen 2 altcoins I was interested in pump up 40% in less than 24 hours so want to try make some money and give trading a go.

What is the best site for this in the UK?

I am only going to start with $200 roughly to see what I can turn it into over the next few weeks and months as the market is starting to get very volatile so could be good opportunity to make some extra money which would then mean I can invest more into my long term plays.

Guys, I’d really like to know how you built your crypto portfolio? I’m a seasoned crypto investor myself (not to mention an entrepreneur) and this is just that time of the year when I ask other crypto investors about their strategies. My Strategy is centered around using AI to analyze data and trends of the current market and then rebalancing my portfolio based on my findings. What are you all doing/have done to build your portfolio?

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

There are a lot of Crypto Signal Providers - about 5 of them are at the top of the list.
They claim 80% accuracy.
I googled reviews and I read nothing but good things about them.
If they were bad signals people would give bad reviews.

If they do have 80% accuracy, then anyone who uses them would become wealthy in a short time.
Do you use any crypto signals?

There are some altcoins that is good for long term investment such as Ethereum and other huge cap altcoins since their price growth is almost the same to Bitcoin since they are just following the trend.

Low caps altcoins are the one that is not good for long term investments especially those old projects that still low caps now since they are already dead and just slowly exit scam. I have a long term Ethereum and Doge that is still now in profit.

The volatility of each coin varies, with Bitcoin having the lowest volatility. Trading simply Bitcoin would be preferable if you wanted to trade more safely, but the potential gain would be lesser than with altcoins. Trading alternative coins is the only way to increase your chances of receiving a significant reward, but since alternative coins are very volatile, you must be careful with your trades and it is wise to increase the size of your stop loss because volatile coins are more vulnerable to manipulation. Before you trade, you must screen a coin and backtest it.

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

I agree with what you said but i will make a point on the first part of what you said. In fact 95-99% of all traders loose money. A extremely small % of traders make money. So it would instead be: Trading is usually not profitable and always challenging.
Its a 0 sum game out there and most of the people joining in have no idea what they are doing. Its as bad a sgambling if not worse.

Everyone knows that we can learn from the past to correct mistakes.
As a result, many economists attempt to predict the future through history.

We also have a known fact from the past.
The "Bitcoin halving" is correlated with price increases.

I'd like to pose a new question here.
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?

When asked this question to many professors and investors, a common response is, "Candlesticks reflect the psychology of investors."

What are your thoughts on this matter?

Some traders discover that they must pay a charge for signals. Personally, I don't get paid anything for them. I rely only on my own investigation and evaluation. I've also heard the majority of critiques about signal services. Ultimately, it is down to the supplier and how well their signals fit into your trading plan. While some traders vouch for them, others choose a more autonomous strategy. If you're thinking about it, be sure to do your homework on the signal provider and maybe begin with a trial period to see how accurate their signals are.

Dlyou pay for signals? And how much ?
What's your monthly expenses for trading signals? Yearly?
I don't pay but i read alot people pay for signals so how good results If this ?

Hey fellow crypto enthusiasts! A I've recently delved into the exciting world of P2P cryptocurrency arbitrage, and I wanted to share a strategy that's been working for me. Whether you're a seasoned trader or just starting, let's dive into a step-by-step process that turned my 1000 USDT into 1500 USDT.

I used the ByBit exchange and a WISE payment account.

Bought 0.478 ETH for 1000 USDT at the rate of
2092.
 Sold under self-created ad on ByBit P2P 0.478 ETH at 2069 EUR rate on WISE, received 989.95 EUR on account. Have you researched ByBit P2P platforms for arbitrage? Share your impressions!

Leg Used €989.95 to snag 1053 USDT at a rate of 0.94 through a ready-made announcement. Any tips for exchanges?

I'm eager to hear your thoughts, experiences, and maybe even your own strategies! What other P2P platforms have you found success with?

I also now use a more profitable scheme, unfortunately I cannot publish it here for everyone.

Quick contact with me in Telegram

@p2p_admin_VIP

 
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