A newbie to cryptocurrencies should do this as a habit:

-Never trust an exchange to store your crypto.
-Use a crytpo wallet that uses private key to access and recover it.
-Always enable the 2 factor authenthication of your wallets and exchanges accounts.
-Make multiple backups of private key of your crypto wallet.
-Never give to anyone your private key.

It has its own advantage and disadvantage. Being a day trader, you can focus more on what you do. You also have time to other things like your hobbies and family. Less stressful compared to having a day job. Disadvantages are its more risky because your money is at stake on trading. When your plan doesn't go what you've expected then you'll lose money. So having a backup capital to become a day trader is necessary.

When I started trading my plan is to hsve daily trades but as the time goes I learn many things from it. You must dedicate your whole day for daily trading. Market can change in a few hours or even minutes. I'm more suited for long term trading, I just check my weekly portfolio to see if it went up or down. If up take some profit.

When I was trading long time ago I always choose the wrong decision. I'm easily affected by fuds and buy at fomo. That's why I stop short trading and only choose to become a long-term investor. Trading is really stressful if you have weak mind and can't control your emotions well.

I think 207's ath is not likely to happen again. What happen before was a pure fomo resulting for bitcoin to increase that much in a few days. Unlike today we are going up slowly and many companies already acknowledged bitcoin and starts to apply on their business.

Main reason is either bounty hunters dump their coins or those who bought at ICO dump their holdings too to buy more amount for a cheaper price. It's just the faster you sold your tokens the more profit you'll get because eventually after many days that tokens already dump hard where it's below 50% from the ICO price. If the team is really serious on their project and will follow the roadmap of their project it will return to its original ICO price after a few months and even increase above that.

Most bounty hunters don't think about the project they promote. Their focus is the bounty allocation of that project. They support those kind of projects not knowing who's the team behind it or even the use case of it. They don't even know if their roadmap is good. Their main goal is to earn money, and I think that's what bounty hunters really do but supporting some scam projects is just a wast of time and won't give them decent money for the duration they support it.

I think those people that thinks bear market is bad are those who bought at high price or caught into fomo. Bear market is just normal at trading. No crypto would just go up forever. And investing to a crypto that only goes up is really dangerous imo as anytime whales can dump their holdings making small traders suffer.

I'm from Philippines too and also a user of coins.ph bitcoin wallet. Aside from the big difference on buy and sell price, I'll add that you can't do buy and sell orders. So if you want to do trading using their platform you have to focus on it 24/7. Unlike on exchange you can do those orders and sell some stop loss. It is really not suggested to use that platform to trade. There are reports that when you have high amounts of bitcoin stored there the company will suddenly lock your account without any reasons. And reaching with them is difficult.

It really depends to an individual whether he already want to grab some profit or keep holding for bigger profit. If you are good in trading then take profit when there's an opportunity then buy back when its cheap. But if you don't have time to study trading, just be an investor like me and wait until next year or few more years to sell your bitcoin at a great price.

I'm also hoping for that to happen. But before that some people here should be enlighten first what really is bitcoin because some investment schemes here are saying that they have crypto investments to provide payouts to their investors and can sustain their business.

I'm still holding my btc since 2016. Sometimes I regret that I didn't sell when it was $20k but my main goal is really long term. Bitcoin has really a big potential to grow in the future so I am holding it as much as I can and I can still sustain myself from my other incomes. Next year on halving I'll see where bitcoin will go and decide if I should sell that time.

Bitcoin is not all about investment. You also need to secure well your bitcoin wallet so it won't be hacked in the long run. If a newbie just followed someone for the reason of price speculation of it on the future then he won't learn the risks of it. It is really better to dyor so you won't blame anyone in case of losing your money.

Yes, in fact here in our country you can already use it to pay some bills, buy game credits, top-up load credits for your phone and many more things to use. As time passes the number of merchants here that acknowledge blockchain technology and bitcoin is growing.

Controlling your emotion is really a big challenge to most traders. Most newbie buy at fomo because when it's cheap they doubt it would pump. I suggest to study trading well and how to read the charts, and tools commonly used in trading to know when it is the right time to buy and sell.

Good thing you're calm to those kind of situation and move on quickly. Others will sulk for few months, some even will get depressed. Just think of it as an important lesson to your life. If you only think negatively nothing will happen.

Next time you try something that is new to you, just put only few amounts. Once you get used to it, increased it until you reached the amount you want to invest.

Maybe you mean what happen after 2017's last ath. It is impossible for bitcoin to not go down and just stay on its new ath in the future if it happens. I do agree that rally now is better compared to last ath because many institutions already acknowledge bitcoin and not just fomo like 2017.

It may not be safe storing bitcoin and altcoin to a trading website as you don't have complete control on your cryptos there. Once that site have been hacked or your account has been hacked you won't recover them anymore. It's better to store them on a wallet where you can access it using a private key. It's more safe there and hackers can't steal your cryptos. Just make sure to have a backup of it so you can recover it on any device you want.

Many of them are useless but not all. Top altcoins on coinmarketcap has their own use cases. They have their own project to contribute to the blockchain technology. It depends on that individual how he appreciate them if he would define it useless.

Benefits of crypto trading is it has no restriction like minimum amount of capital to start. Even if you only have 10$ you can trade cryptos. Although there are some risk because crypto market is very volatile and some are manipulated by whales. If you can adjust to the market trends crypto trading will yield you good amount of profit.