Beginner's guide for trading crypto ?

[menspervincet]

Hello, and first of all thx for this great forum where I can read intersting analysis about trading.

I would like to understand different stategies or theories for trading crypto.
I am not interested in "magical recipes", but content with strong references and based on statistics/science.

Have you some good links or books (english or french) to recommend ?
I am sorry if this topic has been discussed already, but that's why I am a "noob"

Thx in advance

[Birdy]

Buy and hold is quite strong strategy.
Due to the limited amount of 21 mio Bitcoins (my reference to a stat ) they will be worth a lot, if it Bitcoin is a success.

If you want to daytrade:
Try to get news as early as possible and be able to figure out how much impact they will have.

I don't think normal trading analysis will suffice for Bitcoins, because it doesn't act like a normal stock. The mass psychology stuff might still work.

[FallingKnife]

+1 the buy and hold strategy. Buy the major drops (i/e 10% or more) and then hold for as long as you dare.

Especially with the smaller currencies, where there may only be 100's of BTC in buy orders, a single miner with a stash can really drive prices down or put a quick end to a rally.   There are also groups of traders who will (individually or together) over time accumulate a large position in a minor currency, then announce a plan to "pump" the currency at a specific time a few days in advance.  This may generate interest in the currency, and while people are accumulating coin ahead of the pump, they will slowly liquidate their position.   There are various strategies on this and ways to play it.

You really need to be careful, because cryptocoins are not like stock or mainstream currency. It's the wild west right now and they are routinely manipulated by miners and traders.

[menspervincet]

Thanks
No idea of trading book to go further into details ?

[altsay]

BTC is flat these days so not profitable for daytrade