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I would say that yes bitcoin is the best long term investment, if you will see the history of bitcoin it shows that bitcoin still the strongest crypto currency, and 3 to 5 years from now, I know that it will exceeded the expected value.
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For me I would say that theres money in trading, but you can also loss your money if you dont do it the right way, but if you will learn how to play it well, you need to learn the trend, the history and the development of currency that you want to buy, in that way you can predict where it goes.
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What Exchange do you use and why? I use poloniex, mercatox, cryptopia, binance and so other
What Exchange would you recommend and why? for me mercatox, poloniex and cryptopia I tried to trade in the playform and its user friendly I think.
Any complain about some exchange? yeah some other exchanges are so hard to understand how it works, some is very complicated most of all high cost that is very unreasonable
Any Exchange has give you problems or difficulty with to withdraw your money? theres a lot sometime your token or coins was trap there because of high cost to withdraw.
explore different exchanger and use what makes you comfortable
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during this dip this is the best time to buy, hodl and wait for the best time to sell, after that you can monitor the price, you also set the loss limit just in case it continues to go dip and when it happens dont panic, just hold and wait until you get some profit then sell, just always follow buy low hold and sell high and you could never be wrong.
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Its up to you if how much do want as your initial funds for trading, of course dont put so much money if you dont know well how to do it right, its very important that you must familiarized yourself first and have experience, then if your confident enough, add more capital
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1) What should I start?
- first do a research, join trading group, look for a mentor that will teach you some basic information and strategies fot trading.
2) Which platform should I use?
- mercatox, poliniex, cryptopia and binance I would say those platforms are easy to use.
3) How can I analyze the Altcoins?
- knowledge is the key and be familiar, know the trend.
4) Auto or Manual?
- for newbie manual is more advisable.
5) From 1-10 how much is risks in trading Altcoins?
- I will give 10, because I consider trading is very high risk. and always remember, invest for the amount that you afford to loose.
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I would say that patience is very important mostly in cryptocurrency trading, because you should wait the right timing, its very important that you will not do panic buying and panic selling, you should know the market first. if you can handle your feelings that well, good results will follow.
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I would say that everything has a risk, it depends on the level of risk, if your tried to inquire for investment example in a bank they have low risk but not much profit and high risk with high profit, in crypto tradding theres always a risk, you must prepared not only financially but emotionally prepared as well.
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I would say that im still newbie in trading, but thru experience I learned a lot, first is knowledge you should feed your mind first about trading from basic to complex about it. I know it will not happen over night but atleast you step up each time your learn more every now and then that you need to apply when you do the actual trading. just follow the golden rule but low hold sell high and dont panic
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you have a lot of btc and eth wallet that you can choose from, for me i highly suggest for you is to check the ratings and feedback of the wallet app before you use it, in that way you can decide what wallet will you use. I tried coinbase and xapo wallet, but here in the philippines, coins.ph is the best because you can convert btc and eth to peso and you can withdraw it anytime.
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Its very important that you always back up your login credentials most especially your password, but just incase that you forgot your password you can reset your password, how? thru email verification, so should always have an access to your email because the link for password reset will be sent to your email address that is associated to your account. so remember that not only the password of your wallet should be kept proper your email address password as well.
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