Should I trade coin at the beginning ?

[Harris Pay]

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

[1714967978]

1714967978

[1714967978]

1714967978

[Crytptohack]

I think you will hear from many on here that newb's should just slowly accumulate the top cryptos by marketcap. They are essentially the safest with less risk.

If you have never traded in the conventional stock market before, crypto's is not a good place to learn as you can get wiped out really fast due to the extreme volatile nature of these assets.

[mk4]

Should I trade coin ?

Why are you asking us? This is a decision that you yourself should make. It's pretty much almost like asking us if you should get a job or what kind of pizza should you have for dinner.

[Nanoverso]

Better learn first. These days there are simulators online where you can "trade" without real credits involved.



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Checkout my Mario blog (Portuguese): Jogos do Mario Bros.

[atrocityx]

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

If you're in profit you cant really go wrong.. the easiest thing to do however is focus on your entry more than your exit..all I hear anyone talk about is when to sell.. worry more about "when to buy"... buying when something is heavily retraced has a much higher chance of getting to great returns over something going into unexplored highs..hence bitcoin is much likelier to make it from 6k to 12k than it is from 12k to 24k.. and certainly much more likely than 20-40k or 40-80k... anyways you get my point... the better the buy in price, the lower the risk.. and going into profit quicker means position trading becomes alot easier...

Lets say for example you buy TRX (Tron) at 400 sats.. if it goes to 600 sats and you feel like that is the top then you can sell most of it.. if the market continues going up and leaves you.. who cares? You can then sell your other stack.. if it goes back to 400.. even better.. now buy 50% more with the stack you just sold.

You really can't lose being emotionally unattached to coins and selling them in profit.. if you worry about the coin going to the moon later, then keep your profits you made from the trade as free coins and just break even back to BTC if thats a strategy you would like to follow.

I never think its too late or too early to start trading.. as long as your disciplined and don't fomo into your buy position.. and are in profit in your sell position...theres almost nothing in trading thats important besides common sense.. TA may min/max your entry exits a bit better.. but most of trading is really being less emotional and less greedy or less scared than the traders standing around you.

[pooya87]

if you have been trading before, for example trading stocks, then you can start your cryptocurrency journey by starting to trade them carefully but if you are new to both cryptocurrencies and trading then you should absolutely stay away from trading because you will just lose money.

if you are new and interested in trading then start by first learning more about trading and how it works. then start watching the crypto market for a while before jumping in, try to see and understand the unpredictability of it. and eventually start small and work your way up.

[Mamont2017]

If you want realy profit this is the plan:
1) invest in ICO's & get your profit x2
2) bounty campaigns
3) trading&arbitrage
4) cruptocurrency(telegrambot,localbitcoins...)
5) mining(altcoins)
Good luck! 

[Restu Siregar]

From my experience after the coins are distributed to our own wallet. Surely we expect the price of coins the same or not far with the price of ICO.
But sometimes after the market is open the next 1 day the price has fallen far from the price of ICO. So, my advice if you need money jaullah your coins when the first market open. but if the tokens are good and you do not need money then, hold that token and sell when the token project platform is officially released. definitely token price will be high.

[Tunaite]

At first you should research crypto and blockchain technology to know how it work. Then you could research top coins from https://coinmarketcap.com/ to get an idea on what's which projects could bring profit in the future. And after that you would search for promising ICO and their coins to invest into.

[Nanoverso]

Anyone in day trading can suggest some learning resources specific for crypto market?


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Checkout my Mario blog (Portuguese): Jogos do Mario.

[Cosmo2020]

If day trading is what takes your fancy then go ahead. But there is much more profitability in holding a majority of what you accumulate. As it goes higher, sell off a bit. Good luck

[Crypt0nonimus]

Use Paxful.com to trade in your gift cards

[mk4]

Anyone in day trading can suggest some learning resources specific for crypto market?

I personally don't do daytrading, but I've heard good things from High Altitude Investing from YouTube.


High Altitude Investing (Channel): https://www.youtube.com/channel/UCD9j5qyDqQvb9qnLss3vxww

How to Trade Cryptocurrency for Noobs (Beginners) 2018: https://www.youtube.com/watch?v=DqV-SxDMg_4
Top 3 Mistakes Beginner Crypto Traders make: https://www.youtube.com/watch?v=FBtTL7zfBGQ
Investing Vs Trading (Cryptocurrecy): https://www.youtube.com/watch?v=OlKRYvC-Hvg

[moneyangel]

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

Yeah, you can do what you want because it's your money is on stake. You just need to be more careful in making your decisions so you will not end up broke. Study the system and don't deal big amount of money as a starter.

[Dudeperfect]

First of all, welcome on the forum. As you said you are new to the cryptocurrency world, I would recommend you to spend maximum time in reading valuable topics/posts and learn about this world. If you are interested in trading then spend some time in understanding, how things work and try to analyse the situation.

Do invest your $100 worth of time before investing your actual $10 money so you will be in a better situation to understand the whole scenario and learn from the mistakes.

[darmawan_lasuara]

Anyone in day trading can suggest some learning resources specific for crypto market?

I personally don't do daytrading, but I've heard good things from High Altitude Investing from YouTube.


High Altitude Investing (Channel): https://www.youtube.com/channel/UCD9j5qyDqQvb9qnLss3vxww

How to Trade Cryptocurrency for Noobs (Beginners) 2018: https://www.youtube.com/watch?v=DqV-SxDMg_4
Top 3 Mistakes Beginner Crypto Traders make: https://www.youtube.com/watch?v=FBtTL7zfBGQ
Investing Vs Trading (Cryptocurrecy): https://www.youtube.com/watch?v=OlKRYvC-Hvg

hey sir, what do you mean by daytrading? Do you have specific explanations or links that you can share with me?
Thanks

[Thefrolly]

In cryptocurrencies you are more likely to earn more if you just hodl a coin than trading. If you aren't experienced in trading then you shouldn't dive into it. You need to research into this field for at least few months then think about anything.

[goldexp83]

it depends on your goals! if its just to learn and understand how it all works

I think small trading its fine and you can understand how everything works, the fees, which exchanges are best to use and so on

later on u could consider joining some ICO after some more advanced research!

[toygama]

In cryptocurrencies you are more likely to earn more if you just hodl a coin than trading. If you aren't experienced in trading then you shouldn't dive into it. You need to research into this field for at least few months then think about anything.

Cryptocurrencies are volatile in nature we must observe it's movement in the market in order to gain more, don't let your emotions ruin plan in trading your assets remember the more time you hold your coin the more the temptation will come that make your investment deficit.

[Sauravrajput]

Its better to watch m Learn first then start trading otherwise you will loose your hard earned cash