New to Trading

[kakonhat]

All the system work depending on supply and demand but I think Cryptocurrency work depending on the project system. Any new or old token value depends on how will use it. If any token going to less user using then it can't get good value.

[Putunembah]

If you are a new in trading business, the best you can do is ask for  help and advice from the professional in this business to gain knowledge and to know 
what the first thing you will do in this business and also seek to reliable source of information that related to this.

that's what new traders have to do, so for example we just entered the crypto trade we have to do is ask for advice and knowledge on our professional friends in trade, and we certainly have to do the research ourselves and have to learn to analyze the coins in the market well, and you can find out which coin you will buy and will give you many benefits.

[Lhaine]

If you are a new in trading business, the best you can do is ask for  help and advice from the professional in this business to gain knowledge and to know  
what the first thing you will do in this business and also seek to reliable source of information that related to this.

that's what new traders have to do, so for example we just entered the crypto trade we have to do is ask for advice and knowledge on our professional friends in trade, and we certainly have to do the research ourselves and have to learn to analyze the coins in the market well, and you can find out which coin you will buy and will give you many benefits.

asking for advice on those expert in trading is a great help for trading beginners, it really help a lot and also doing a research by your own was can give you the best idea about trading, just always remember don't put all your money in one coin.

[maloibtc]

I think that trading is the best way to earn money without taking a lot of efforts. I think that trading is worth it if you know the basic laws of trading like selling when the price is high and vice versa buy when it is cheap

[developer101dev]

What are the driving factors for crytpocurrency valuation?

Scarcity? Utility? Use? Demand? Network? or am I off base already?

Scarcity will be one of the problems that will dominate in the future after the end of wave of bitcoins, there is a huge chance that bitcoins price might grow even more and that is the reason why we should keep on holding our coins today.

[AjithBtc]

I think that trading is the best way to earn money without taking a lot of efforts. I think that trading is worth it if you know the basic laws of trading like selling when the price is high and vice versa buy when it is cheap

That's wrong, the market grows and falls in an unpredictable manner. If the market falls once after you buy for a trading need surely you cannot get back the profit. You need to hold it, or need to look for some other plans. Trading is a way to earn, but not the way to earn without efforts.

[Sakash]

If you are new to trading Then there should be ideas about different currencies. At the same time, you will have to keep an eye on the prices of the coins in the market. By doing this, you can learn good trade and gain profits.

[whaawh]

If you are new to trading Then there should be ideas about different currencies. At the same time, you will have to keep an eye on the prices of the coins in the market. By doing this, you can learn good trade and gain profits.

It seems to me that it will be very difficult for a beginner to keep a large portfolio. Initially, you only need to focus on a few coins, which you can control and timely respond in a qualitative way to different situations.

[Triffin]

the factor that affects the price of the coin is if the demand for coins and the total supply of slightly automatic coins the price will be high, let alone the coin has a good network advantages

Seriously stop shitposting about topics you dont understand or topics where you can only blabber shit at. Its true that the price depends on market demand and supply but the for coins like bitcoin the total supply is limited. Currently as soon as the 21mil coins are mined they will be no further supply and then only the demand remains. In this situation price of bitcoin will go on rising as more and more people start to buy it.

Network advantages of almost all coins is the same if you talk about bitcoin litecoin and ethereum - any other coin trying to muscle in with the idea of "superfast transactions" is going to be a hoax.

There are many new traders and new comers in the market, some of them are not well aware of the market while some are well aware of the market of Bitcoin. If you are entering in order to get huge profit or just profit then you must be a person with the knowledge of Bitcoin’s market. On the other hand those investors or traders which are new if have not enough knowledge then they can safely exit and should educate their selves first.

[Yawuu]

Cryptocurrency markets all work on the principle of demand and supply. Prices of cryptocurrencies increase as the demand increase  and it drops down when the supply increases. It is this principle that leads to the rises and falls in crypto prices because as the demand for a coin increases, the price shoots up and as more holders go to sell, the supply increases and the price drops.

[Victorycoin]

I think that trading is the best way to earn money without taking a lot of efforts. I think that trading is worth it if you know the basic laws of trading like selling when the price is high and vice versa buy when it is cheap

Almost all traders can recite that, but in reality, how many traders are well able to put them to work while trading! It helps to realize that getting to become an effective trader comes with time and lots of practice. All said, a trader should endeavor to have their ears on the ground to be abreast with latest developments in the markets and save themselves rumors that breeds FUD.

[AuspiciousInvestor]

Read "Technical Analysis of the Financial Markets" for a good intro into TA, you'll need it for trading.

[TheUltraElite]

asking for advice on those expert in trading is a great help for trading beginners, it really help a lot and also doing a research by your own was can give you the best idea about trading, just always remember don't put all your money in one coin.

Asking for advice you will get brainwashed by shitcoin promoters on the internet. Nobody wants to give advice for nothing. Either they will try to draw you into investing in their shitcoin or try to scam you in some other fashion which you might be aware of. Then again there are people who are giving advice genuinely but they are rare.

I think that trading is the best way to earn money without taking a lot of efforts.

Wrong. Any method to make money needs efforts and is never "easy"

I think that trading is worth it if you know the basic laws of trading like selling when the price is high and vice versa buy when it is cheap

Correct but knowing when the bull run or bear run is happening and catching the wave in the proper time is also essential.

[alan2here]

What are the driving factors for crytpocurrency valuation?

Scarcity? Utility? Use? Demand? Network? or am I off base already?

Crypto's price-boosting factors are capitalization of the market, good and bad news about Crypto. These are the main factors that cause the price of the altcoins to change.
The Crypto market is not different from the stock market, so you can find out in books about the stock market. It will give you quite a lot of investment experience.

[ace4549]

I think once you are new in trading you should make a own research in order to enhance and nurture yourself to make a decisions that will be favourable to your own side and your future.

[lordmick]

First of all learn about cryptocurrencies, behind technologies and ideas behind them, because in the market fundamental analysis has very important place. Then try to learn technical analysis through indicators, Elliot's waves and etc. Personally I like trading methods of William D.Gann described on "45 Years In Wall Street". Also I like "Dimensional Stock Market Structures and Cycles" of Bradley F. Cowan.

[Rudolo]

First of all learn about cryptocurrencies, behind technologies and ideas behind them, because in the market fundamental analysis has very important place. Then try to learn technical analysis through indicators, Elliot's waves and etc. Personally I like trading methods of William D.Gann described on "45 Years In Wall Street". Also I like "Dimensional Stock Market Structures and Cycles" of Bradley F. Cowan.

Iam learn about crypto from youtube, already watching Cryptochanel name Alessio Rastani he really good to give some advice and some Book about trading or quete regarding about TA.

[tatum506]

What are the driving factors for crytpocurrency valuation?

Scarcity? Utility? Use? Demand? Network? or am I off base already?

I think if you are new to the crypto market then I believe this is a very good time for you to start trading, you can see that the price of bitcoins in recent days has been rising steadily. So, I think that at this point you should only trade short-term by day so that you can minimize your risk and make the most of your profits. Always have a specific plan before going to bed.

[TheUltraElite]

I think once you are new in trading you should make a own research in order to enhance and nurture yourself to make a decisions that will be favourable to your own side and your future.

For any type of investment you should do your own research. You would not want to put in your precious money into some project which is not following SEC guidelines would you? Trading though does not need that much in-depth analysis of a coin. If you believe that the coin has potential buy and hold it for then think of a point for stop/loss.

Crypto's price-boosting factors are capitalization of the market, good and bad news about Crypto. These are the main factors that cause the price of the altcoins to change.

Mainly the fud news and the good news. Often the news are biased and paid and hence one-sided only. Take advantage of FUD whenever you can.

The Crypto market is not different from the stock market, so you can find out in books about the stock market. It will give you quite a lot of investment experience.

Much different. This shows that you have not done crypto trading in real life yet.

[bitcoinking11]

At first, new traders should concentrate on learning about trading, instead of trying to concentrate on gaining profits. They can find a lot of resources on Youtube, just watch these trading tutorials it would be very helpful for trading in future. Once, they gain sufficient experience then they can make good profits in trading.