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Starting somewhere is good but you can just start with few dollar if you want to trade or invest in bitcoin. What you will get will be insignificant after all. I think the best advice is to let see the potential of bitcoin in the long term. If they could see their future with bitcoin, they will work add to invest, trade and thrive with it!
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Bitcoin is the king? was there any coronation of king of the crypto? I guess the op is been metaphorical! When you look at the market, it seem all other coin exist for bitcoin to thrive. I think bitcoin been the first crypto with it's unique and time tested attributes, people tend to trust bitcoin more!
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It is impossible to get rid of scam but it is possible to avoid scam projects. The flip to that avoidance is the limited opportunities! The bigger the risk, the bigger the reward! If you limit yourself only to bitcoin and other established altcoin, you may notake more money in cryptocurrency or the time at which you get return on your investment will be long!
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There are fee to transfer your coin from one wallet to another and most times, those fees are not charged by the wallet in use if they are non- custodian wallet like, metamask, trust waller,cmaths, etc. You will however pay blockchain fee of the coin you are transferring! Metamask is the must versatile wallet for blockchain projects. So, it is easier to use metamask!
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Thinking Shiba inu will rise to $1 is complete state of dilusion of grandeur, the supply will make it impossible! I have heard so many people expressed this notion and believe they are just been greed and blinded by their greed! As soon as bitcoin runs is I've, many sltcoin including shiba inu would trade less in value compare to value they have now!
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Learning cryptocurrency trading might take different approach, technical analysis is a skill a day trader most have. TA gives you tool that helps you to set a course for yourself an avoid unnecessary roadblocks. There other market factorscyou should consider as well but TA mastering is definitely a way to go!
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Trading is an alone job, you are not going to have spectators to cheer you on. In other words, you are your own cheerleader, and you are absolutely responsible for your gain and your losses! I think an experienced trader should known when to take unrealised profits and cut the losses as well. In real trading scenario however, things are not always straight!
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The market of cryptocurrency is dynamic and what determine price correction are varied. In the recent price dip, US policy signing as regard broker will limit cryotocurrency trading and investment in the US! Many fundermenter factors could determine the price of bit on now and in the future. When you pay attention to what is going on around the world, you will know what to do to protect yourself against price correction!
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I think it's possible to minimized the amount of loss to the nearest minimum. But it may be nearly impossible to avoid losses altogether. It will help if you see small losses as a spring that get you into profits board. The way you handle your losses will to a large extent determined your subsequent ability to make profits on your trade!
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Financial advise is hard to give because there are so many factors that may affect price of bitcoin in any directions. I have over the years realized that long term approach to holding and buying bitcoin pays off than looking at Short term profit. I will advise you buy bitcoin based on your projection of it's price over the next 10 years!
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I think listing shouldn't be known to the public prior to listing event, making listing public or private will definitely run against NDA. This is why you rarely seen an exchange given out announcement of listing before. You might however get listing after the coin started trading on exchange!
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The best year for bitcoin has been post-covid-19 and one tend to think perhaps bitcoin is immune to real world issues as bitcoin FA make it superior to fiat and other asset! Having said this, most of the event that trigger a dip or rise in price of bitcoin has been people reactions to events and situation of FUD against bitcoin. I think four year circle will continue for a long period of time until bitcoin becomes unattainable economic wise!
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Dex like sovryn on rsk for bitcoin , renbtc is also decentralized if you do not want to kyc. For ethereum, uniswap got you covered and many tens of dexes on ethereum network are there to be used. Defi is another form of trading and investing. Just review most of the services available and trade anonymously in a decentralized environment!
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They say change is the constant, this statement is what describes cryptocurrency market. The bitcoin trading this year was full of uncertainties after the rise in value if bitcoin early in the year! I have heard many people complain of constant loses and I have had my share as well. I think the best thing now is to ride bitcoin bull market and be satisfied with any profits gained!
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Trading should be approach with all the seriousness as you are going to lose money if you do not understand what you are supposed to be coin. The simple buy low and sell high is still very much the basis for your trading activities. So, knowing what to buy and at the price you should buy them is have of the work done!
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Binance is still preferable to me in terms of trading layout, accessibility and diverse options to choose from. I know ftx is big on supporting Sol ecosystem and binance on the other hand supports bnb. In terms of security, binance is secure. I haven't heard any complain about ftx but the risk is there if you use cex! I like cex experience in this regard and they is why I will choose binance over ftx!
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Centralized trading platform are risky. It is in the interest of cex to give there new users crash course on how to use their platform , teaching users about cryptocurrency and giving out incentive for traders to trade more on their platform for more profit! The cex effort in educating people is commendable, but people should be aware that if you have your cryptocurrency with third party, you run the risk of losing them!
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Bullish cryptocurrency market is been a company by hype, I think any hype of any coin should have substance, even memecoin! There are people who just want to dump their bag on you and they can spam your timeline with unending hype. Don't listen took them, focus on your bull market strategy as to not lose your hard earn bitcoin to them!
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Memecoin is synonymous with community driven coin, nothing special here! As much as I do not have problem with people having fun with their memecoin, let not stifle the coin that add value to cryptocurrency space, without research and development cryptocurrency will become history. Quantum computing is coming and China is not playing!
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