Buying and selling bitcoin in my opinion for newbie like you is too much of activities to be engaged on early in your cryptocurrency journey. Except you have some trading background, you should spend your time learning and buying to keep
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I do not think that is possible with day trading. You may achieve that goal if you hold bitcoin and you are lucky enough not to sell when bitcoin slow down in prices.
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The only risk you have is when you decide not to hold and when you trade bitcoin on regular basis. That is not to say that you can not trade bitcoin, but you must have the time to do it and know what you are doing.
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Many exchange until recently do no require any documentation to register and trade/sell your coin. I used to enjoy that freedom. but now time are changing. if you need to see your coin, you should use P2P exchange like localbitcoin etc.
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Buying bitcoin from time to time is my first priority. i particularly love it when there is panic in the market because weak hands will always sell at incredibly cheapprice.
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What I usually do from month to month is to set aside 30% of my income every month for crypto currency investment. My interest ranges from ICO to the top `20` altcoin on CMC! Some % goes to Long term bitcoin investment too.
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Many of the answer you seek is not just going to be deliver into your hands just like that. You have to find out for yourself what you are going to invest in and how much. I'll sure not give you my trade strategies. You must read and practice to be able to find out what works for you
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How do you panic? Lol! You just panic because you are human with emotion. These factor could also accelarate your panic. 1. If you are trading with money meant for your sustainability e.g` House rent, School fees or groceries money. 2. If you have unrealistic expectation of profit and you start to trade in bubble. 3. Unfavourable market conditions. etc....
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I use poloniex and c-cex. I recently started using decentralized exchange like etherdelta. And to be honest, I found it to be special, liberating and efficient. In decentralized exchange, you are in total control of your trading activities.
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My trading strategy is in three part. I will first read as much as possible on any coin of interest. The historical chart and the product and service that is attach to each coin. Secondly I decide based on fact whether I am holing the coin or trading the merging. Thirdly if it is high value coin, I will always buy the lows.
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This ICO look everything like GOLEM. It is nice to see competitor for Cloud computing.
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Gut is one of the highly valuable ico. there is already a product.
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I thought by now this campaign would be over! What happened?
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No signature code for junior member?
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Like the usual saying goes- Trust is not given, Trust must be earned. I can not trust any new coin regardless of the project whitepaper etc. But i will definitely trade the ups and down of it if it has volume
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I also realize that fear of loss (not actual loss) works both ways! You may be petrified of losing your money when the market is tanking and you may also not take profit when the marketing is moving up for fear of FOMO
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Trading is the fastest route to making money. You can also lay your hand on coding, start with smart contract on ethereum and learn more language.
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Losing can be be painful and difficult. I will like to do anything o prevent loss. However, when it come to trading, i will trade with something i can afford to loss.
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Aside registering on exchanges and purchasing your bitcoing, no other formalities, just start trading. You own experience will teach you all you need to know about trading
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A new coin with passionate community might be good for shorting because there will be all sort of irrational trading moves!
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