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Author Topic: How to start trading with 2 BTC? What is the first step?  (Read 1319 times)
KnightElite
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January 14, 2020, 04:17:23 AM
 #121

If you have zero experience in trading, don't think about it. Save your 2 BTC in a secure wallet while you gain knowledge about trading. That should be your first step. If you decide to deposit that 2 BTC and start trading, believe me you will get rekt soon. Trading is not easy. Most of the time you won't even be able to make profit.

Forget about books. Learn the basic in babypips. Learn technical analysis. Please don't get rushed into trading. Start with a demo account after you learn some things. Don't expect profit daily duh it's not realistic. Trading is just like taking an opportunity. The opportunity won;t always be available daily.
Big capital requires huge knowledge, information, passion and also effort. There are only two possibilities, you can increase your capital or you can lose it. For those new in the market, do not make huge investment even if you have a lot of money. The preferable investment that a newbie can invest is around $400 and below. If they manage to increase it then it is the time to add up big capital.
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January 14, 2020, 08:35:54 AM
 #122

To be honest, 2 btc is not a bad amount for the beginning in the field of trading but remember that the profit is not guaranteed especially if you are newbie.
Furthermore, the most essential thing is how to learn the basics of trading in a short time.
How?

Firstly, try to find and read some useful books for example, Cryptocurrency: Beginners Bible and Mastering Bitcoin for Dummies..ect
" Knowledge is potential power "

Secondly, try to analyze the market especially when  unexpected situation occurs.

Finally, try to ignore the tips from the social media and believe in yourself. Unfortunately, there are a full of fake news  , don't follow them but yourself. They are just trying to control traders specifically the beginners in order to achieve their goals.

Good luck for your future endeavors.
Mumbeeptind1963
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January 14, 2020, 05:43:14 PM
 #123

I assume that 2 BTCs are appropriate to start trading. To be honest, thats a similar amount I started trading. First thing is that for the first time since you're a novice, you can play with a big amount. And don't trade in your portfolio with more than 80 percent. Remaining funds would be used in cases of emergency. So business research information is an important part of trading. You will know what coin you're going to trade in real time alerts. Otherwise you can't make profits just based on ideas.

I think 2btc is too big for a beginner. There will be a lot of coin that you may bought with that amount of bitcoin, in XRP you will get more or less 38k XRP with the current price right now, the first thing you must do is find a targer coin that you want to put your investment, and then buy it in good exchanges like binance, yobit, kucoin etc. Then secure your account and wait for it to pump.

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Nimbulan
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January 17, 2020, 09:52:02 PM
 #124

The first step is certainly not to come to Bitcointalk and ask how to trade a bunch of strangers, this is the first step to rekt. However I understand how it could be for a newbie, and we all have different ways of learning, if you want to start, you have to realise that at the beginning there would be almost no way to avoid losses, but you're going to learn what works and what doesn't work by trial and error, though you could start with much smaller funds to learn.

 
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jazmuzika217
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January 18, 2020, 04:19:28 AM
 #125

Honestly there is no safe in trading. But you can reduce the risk if you have enough knowledge so I can advice that you need to study first all the flow about trading and much better if there's someone who are knowledgable in trading will guide you while performing trading to reduce the risk of loss.
DevilSlayer
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January 18, 2020, 05:03:18 AM
 #126

If you have zero experience in trading, don't think about it. Save your 2 BTC in a secure wallet while you gain knowledge about trading. That should be your first step. If you decide to deposit that 2 BTC and start trading, believe me you will get rekt soon. Trading is not easy. Most of the time you won't even be able to make profit.

Forget about books. Learn the basic in babypips. Learn technical analysis. Please don't get rushed into trading. Start with a demo account after you learn some things. Don't expect profit daily duh it's not realistic. Trading is just like taking an opportunity. The opportunity won;t always be available daily.
Those new in the market specially those who have capital should focus first the security of their funds. They should choose an exchange that is reputable in order to secure their capital. After that, newbies cannot all in their funds because of the high chances of losing due to their inexperienced. Practice trade can help them to earn experience. They should allocate small amount of money in every trade first before they put big amount of money.
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January 18, 2020, 05:13:36 AM
 #127

Honestly there is no safe in trading. But you can reduce the risk if you have enough knowledge so I can advice that you need to study first all the flow about trading and much better if there's someone who are knowledgable in trading will guide you while performing trading to reduce the risk of loss.
Well said, trading is not as easy as it is, learning all the basics and keep enhancing will definitely gives you the edge to earned from this venue of investment. Start watching videos and reads experienced that being shared by traders who already have an established knowledge regarding to this place. Don't hesitate to try using small amount of money then keep chasing those knowledge and adjust each time you see an open opportunities.
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January 18, 2020, 05:51:47 AM
 #128

2 BTC is a large enough capital for trading. But unfortunately this is not easy to do, especially for beginners who are just entering the crypto trade, because in it there is a great risk of defeat. apparently I was lucky, had a friend who is good at crypto trading, and I learned a lot from him about this (maybe you can do it there). actually the basic trading is simple, namely "buy low and sell high", but all of that requires knowledge and various analyzes of altcoin that we will trade.
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January 19, 2020, 10:07:33 PM
 #129

I assume that 2 BTCs are appropriate to start trading. To be honest, thats a similar amount I started trading. First thing is that for the first time since you're a novice, you can play with a big amount. And don't trade in your portfolio with more than 80 percent. Remaining funds would be used in cases of emergency. So business research information is an important part of trading. You will know what coin you're going to trade in real time alerts. Otherwise you can't make profits just based on ideas.

 
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