What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?
Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
holding and selling is very important in this market, but of all that is about timing, just need informations faster than the crowd a little bit, we can earn a lot of profit, so when you want to get in this cryptocurrency trading, unless you are big whales you should learn from groups of cryptos first and participating in groups that can bring profit from pumping and dumpings.
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i think day trading is the most profitable way for us to get high profit, but i believe this is just for people with high experienced and professional traders, because they are the ones who knows when is the perfect time to sell or buy, and their mind is perfect calm in making transactions, holding is much easier but that is just a passive income, we can not makes more unless we sell.
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i never think trading should be a full time job, it would be very hard for us to choose trading for all the time because working with cryptos is very stressful, unless you already have a lot of money and your primary incomes doesnt depends too much on trading, then it would be very tired to work on this market, full time.
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to my opinion, bitcoin price is too high now that i can not easily afford a bitcoin, also bitcoin transaction is getting slower and higher fee than any other altcoins, so i would rather choose to invest in ETH 70% of my balance and just 30% for bitcoin because bitcoin is still very valueable due to its price is getting higher every year.
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i am a very careful person, when i research ICOs that needs to verify my informations, i surely will not invest my money into it no matter how good it can be. Loosing information on the internet is a serious problem that more serious than loosing money. If our informations is not kept carefully, our entire life will be effected badly by governments and society.
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Recently there was a split between the team behind MEW and a new paper wallet site opened up. Is MEW still safe to use with a Ledger?
i believe when we use MEW, it will always safe for us to use, there are no hacks have been reported recently and MEW is on high security alert, they are making their site more secure and more relieable than ever before, so unless we are deceived to use phising sites or letting someone know our priivate key then using MEW is still the safest way.
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in this month whether bitcoin will reach the highest price?
there are not much thing bitcoin can make me surpprise anymore, i have always known bitcoin is not a stable currency, it will always fluctuative all the time, so if we can find a peak everyday, we will be much better in the future, such as today is the first day bitcoin can reach 11k$ in just a short time a new record, but it still not the end yet, bitcoin will keep doveloping and surpprising us in the future.
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![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) it may wont have the chacne to see the price of bitcoin below 6k$ anymore, bitcoin is on the way of recovering from the drop last month, and still keep rising more, so there wont be easy for bitcoin to drop again in such as short time, news from communities are very positive so bitcoin can easily get higher than 11k$ in just tomorrow.
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i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.
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To this day bitcoin remains at a stable price and has not yet shown any upside movement, I am waiting for bitcoin prices to rise again. Do you think the bitcoin price will reach $ 50,000?
you should know about this situation rightnow, the price of bitcoin has rapidly risen in just a few hours ago, despited bitcoin is being pumped but this rising trend with not be a good match with the prediction about bitcoin price will reach higher than 50000$ in just a short time, so i think you should have waited for a litle longer.
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today is 26 of Feb already, and there will be only 2 days before the end of this month, however the price of bitcoin is still very low,at 10000$ and still a long way to go, so you should not put too much hope on bitcoin rising to 15000$ in just a few days. i believe bitcoin can reach 15000$ in the future but not in this month.
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i think bitcoin crash is just the way to correct bitcoin price back to normal, so this is a good thing that should happen every year, i want these crashes because that is the perfect time for me to buy very much bitcoin with a very cheap price, and you are right this is a good chance for bitcoin to teach those people who think they know everything about bitcoin a valueable lesson.
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i think the price of bitcoin rightnow is very low compared to few days ago a big drop happened yesterday and dropping to 9100$ and starting to recover again, so this is the right time to buy bitcoin, there wont be much chance for us to buy bitcoin at this cheap price again in the future, i believe bitcoin will rise in next month.
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the first time i get involve in trading crypto is last year when i use Etherdelta to trade an Altcoins/ETH for profit, at that time i dont have much experience so when i finished my trade, i reallized i lost a little profit everytime, but from that moment i have learned an important lesson that every exchanges has its own fee for order trading, so i have always careful before making any trading.
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this is not fun at all, when we use our money we earned to trade it will be quite stressful when we always worry about loosing our money when the price drop suddenly, trading is not an easy job, it needs too much patient and a sensitive head when trading, we may loose all of our money without any knowledge or careless in trading.
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i believe there are not much different between bitcoin and any other altcoins, but bitcoin is the first coin on this cryptocurrency market so it is so unique that even when a new coin are born with better to replace bitcoin, they just want to impress the unique of bitcoin and call new coins are Alternative coins to compare with bitcoin.
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this is too soon to make the conclusion, there are still a long time to go, rightnow is just the first months of the year, Rightnow the market is red but this is just a normal situations which happens every year near chinese new year, so you wait for the market stable again to see the future of coins on the market is Red or keep Green for a long time.
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surely when the first time we get into this market we all have to do research by ourself, it wont be easy for someone to teach us, so we are on our own, reading and learning knowledges in this forum first and start with small trading first and remember why we win/loss to get experience to encrease in the future.
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after a crash one hour ago then i realize it will be a hard time for bitcoin to reach 15000$ at the end of this month. bitcoin will need a long time to recover again from the big crash, we should always waiting for the rise again, i believe bitcoin will rise in the future but reaching 12000$ at the end of this month is max.
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yes, bitcoin is a very valueable coin in this cryptocurrency world, from 1000$ to nearly 20000$ in just a year is a huge profit for anyone have bravery, until now even when the price dropped, it is still the good chance for us to buy bitcoin, but think carefully the risks we get from investing crypto is always exist, and having knowledge before investing into bitcoin.
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