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Author Topic: Should I trade coin at the beginning ?  (Read 317 times)
amaydel
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March 04, 2018, 11:26:59 AM
 #21

If you're planning to be a trader, then that means you need to have a deep understanding about the law of supply and demand that will help you for sure. The decision is always yours whether what path you are going to take. Just remember what experts say that "Do not invest  something that you can't afford to lose".

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March 04, 2018, 12:23:48 PM
 #22

One of the biggest mistakes I made in the beginning was to trade too frequently (e.g., day trading). It is very difficult, and essentially impossible for newbies, to predict the way the market will go. Rather, it is best to bet on the overall development of the crypto market by spreading investments over some of the better-known, higher-market cap coins, and then keeping that investment over a long period of time, as gains are usually found over the medium and long-term unless you get lucky; whereas luck itself very rarely lasts even into the medium term.

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March 04, 2018, 03:55:40 PM
 #23

everyone can trade in crypto coin .and you can also but if you want to earn in crypto 1st you should learn trading and  analyses chart with the help of indicators when you ll understand the chart you can earn easily in crypto 
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March 04, 2018, 09:33:06 PM
 #24

I also think that it is best to read a lot at the beginning. Read everything you can, at least that's what I did. Then I started with small amounts of money, to experiment. Wink

Always make your own decisions.
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March 04, 2018, 11:17:59 PM
 #25

I'm new to the Cryptocurrency.
Should I trade coin ?
I believe it depends on how much time do you want to spend in trading. To me, there are several steps to follow before even begin to do so:
1. Read about the cryptos you are interested in. Not all the crytos have the same system. They are thousands of them currently on the market, so making a research about them before even thinking on trading will give you a whole panorama and you will be able to make better decisions.
2. Once you choose your top 10, and your plan B and C, just study their behavior for at least a week. You will understand who they are moving, and what kind of movements seems to have some logic.
3. Just buy those you choose and begin the trade. But do not use too much money. This is similar to gambling, do not forget that, and you can loose everything. So just begin with the expendable amount you consider to be ok.
4. Spend some time trading in this way. I am sure you will see how rules can change, but there is always a kind of patron. When you understand it, feel prepare to trade a little bit more confident.

Now, trading implies to expend hours in front of your computer, and weeks, even months, just watching and learning.
Try to learn a bit every single day, but also avoid rush. If you enter into the trading world with rush and no patience, then it is going to be easy for you to loose money.
Another advice: be careful with people offering to trade with your money. If somehow you feel it is a good idea to trust anybody else, just make an investigation about him/her/them before giving away your money.

Be patience, take your time. To learn how to trade is slow and needs all your time and patience.
I hope you to success, and happy trading!

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March 06, 2018, 01:22:56 AM
 #26

My experience is usually when the new coins out on the market first time the price corresponds to the price of ICO, after which the price drops continuously. so advise sara exchange early. but if you see the potential of such coins well in the future it would not hurt to hold the coins until the price rises more expensive.
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March 06, 2018, 07:55:49 AM
 #27

I'm new to the Cryptocurrency.
Should I trade coin ?

I would agree with the majority here - if you are new - then you don't have to take any risky movements/decisions.
but if you still wish to trade or to exchage some coins to another coins then you can try using any exchange though it may take 2-3 weeks for KYC to verify...
I came across coinmonkey.io platform - it's a sort of scanner/exchanger which gets exchange rates from exchanges and you can actually perform transaction right at their website via api widget from the exchange, and no registration needed. right from your wallet and you receive coins to your wallet.
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March 06, 2018, 06:45:47 PM
 #28

You are better off hodling your coins than trading them and ending up losing them. Also according to stats you are likely going to make more return if you just hedl your coins then if you were trading with them.

 
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March 06, 2018, 07:34:23 PM
 #29

First of all, welcome! It's definitely possible to learn how to trade coins (look into BitStamp or GDAX). However, if you want less risk with your money, it's advised to start small, learn about market trends, which coins are doing well, etc. You can start buy purchasing some of the main coins through Coinbase...it's not the best for day-trading since the fees are higher, but it'll give you a good idea of how everything works.

Hope this helps! Good luck  Smiley
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March 07, 2018, 03:03:12 AM
 #30

I started by reading a bunch of whitepapers of top coins on coinmarketcap.com. After I understood the technology and where the value comes from(had experience in trading stocks before) I just got my feet wet and put in a really small amount in 3 major coins. It really helps to be more focused and interested when you actually put a little bit of money before you get comfortable with bigger amounts.
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March 07, 2018, 07:25:01 AM
 #31

I'm new to the Cryptocurrency.
Should I trade coin ?

I would agree with the majority here - if you are new - then you don't have to take any risky movements/decisions.
but if you still wish to trade or to exchage some coins to another coins then you can try using any exchange though it may take 2-3 weeks for KYC to verify...
I came across coinmonkey.io platform - it's a sort of scanner/exchanger which gets exchange rates from exchanges and you can actually perform transaction right at their website via api widget from the exchange, and no registration needed. right from your wallet and you receive coins to your wallet.

Do they scan exchanges? Seems to be a good idea. Actually I havent faced such things before. But the general idea of one place for all exchanges and ability to operate deals without registering is really cool
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March 08, 2018, 12:42:21 PM
 #32

you had better begin with some money, if lose you learn or win you will get more money  Grin
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March 08, 2018, 02:43:25 PM
 #33

I'm new to the Cryptocurrency.
Should I trade coin ?

If you are new in the cryptocurrency market, my suggestion is that collect as many information as possible, gain more your knowledge before starting to invest or trade. Then, you should learn the way to analysis charts in stock market. There are many videos or posts guide to analysis charts, you can base on them and give your analysis yourself
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March 08, 2018, 03:13:40 PM
 #34

It's up to you,,but much better to hold.. future value of the coins are high that's my thought.50/50 sell if yo want money now but if not just hold after 2yrs.hhehe surely more. 💰
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March 08, 2018, 04:03:20 PM
Last edit: March 08, 2018, 05:24:46 PM by Hughesy26
 #35

The standard adage is that 90% of people lose money trading. Of the 10% that gain, only 1% can do it consistently

Pick a good coin than you believe in and just hold it. You will also save on fees!

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March 08, 2018, 04:11:13 PM
 #36

I am trying to learn the basics first before trading. If you are new to this, I suggest you to do the same. Thanks.
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March 09, 2018, 01:18:17 AM
 #37

I'm new to the Cryptocurrency.
Should I trade coin ?

It is better you learn first for Cryptospace and also good understanding for trading itself before go for trading. Trading is not simple, it needs sufficient knowledge otherwise you will lose your money. There is thread for basic knowledge of trading : https://bitcointalk.org/index.php?topic=2960563 hope can be useful for you.

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March 09, 2018, 02:00:14 AM
 #38

my answer is no...NO... dont going to start selling directly as a newbie.you have to do more studies and have lot to learn before trading.because its a risky job and you might loss your funds becuse of your in experiance.trading is a complex process you should have to know chart analysis/chart patterns/ technical  analysis /fundamental Analysis /risk reward ratio  ..ect.and you should have very good patient also.other thing you may have to spend some what more time for trading.  because its not easy as buy some coins and holding.i recomend you to study basic things about crypto trading first.then hold half of your crypro stuff and start trading with other half.good luck

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March 09, 2018, 05:06:35 AM
 #39

I think you should take time and read discussions here first. so you would know what to do wether to do.
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March 09, 2018, 05:34:45 AM
 #40

First you need to learn everything about trading and wallets and transferring your coins so you make sure they don’t get lost because if you send to the wrong address they are gone and that’s it you can’t retreive them again. So I would say learn more about trading and crypto and once you feel comfortable you can trade all you want Smiley
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