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Author Topic: Any advice for a Bitcoin newbie?  (Read 313 times)
harvw
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March 29, 2018, 07:40:17 PM
 #1

Are there any Bitcoin bear market seasoned veterans who can share some words of wisdom or advice to a bitcoin newbie experiencing a bitcoin bear market for the first time?

Any recommendations on good people to follow on twitter?

And any other specific advice on how to play out this bear market would be greatly appreciated.

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cryptofrka
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March 29, 2018, 07:41:16 PM
 #2

Not really a veteran but 2 tips would be: don't give much attention to Twitter and just play it slowly.

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March 29, 2018, 07:53:04 PM
 #3

How you got that status on this forum, if you write that you are a newbe? I advise you to either keep your assets in this bear market, or try to play in a short, but it is dangerous.
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March 29, 2018, 08:00:09 PM
 #4

New investors should take the time to research on bitcoin and the blockchain as a whole,they should understand how it works to avoid panic   when the price is in  a big dip

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spiker777
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March 29, 2018, 08:02:24 PM
 #5

Here's a word of advice, don't hold for the long term, buy low and sell high, but don't hold for an all time high as those are rarer than you think.

If the price drops 5% then buy it (unless there it is due to very bad news), then sell it once it goes up 3-6%, don't wait for ridiculous gains as you will likely suffer losses this way.


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felicita
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March 29, 2018, 08:05:58 PM
 #6

do not use snowball systems or ponzi shems mostyl they offering 10% or 1 % per day thats not real .....
use faucets instet you can make small amunts of your currenzy and make some transaktion or depostit/withdraw with your wallet.



regards

nick_nick
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March 29, 2018, 08:11:20 PM
 #7

Are there any Bitcoin bear market seasoned veterans who can share some words of wisdom or advice to a bitcoin newbie experiencing a bitcoin bear market for the first time?

Any recommendations on good people to follow on twitter?

And any other specific advice on how to play out this bear market would be greatly appreciated.
I would suggest you exercise patience in this bearish market. This is the time you must critically examine the market to know which coin to invest in order to generate good returns. If you think you cannot hold for a long time, then i will advise not to buy bitcoin.

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Ravenangel
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March 29, 2018, 08:22:55 PM
 #8


 The best thing to do as a newbie is to watch and learn, follow keenly on the trending news, study the market well  and invest with lots of caution, do all that necessary research and know all there is to know, crypto is a high risk affair that needs time to understand

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squallw
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March 29, 2018, 08:25:41 PM
 #9

Buy in the dip, like now, $6k~5k os less and HODL for long term like 2020.
Don't trade if you don't  have experience for that.
Don't buy shitcoins.
If you decide to buy some good altcoins, buy in the dip and HODL even it crash after you bought.
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March 29, 2018, 08:27:48 PM
 #10

People only says their ideas and speculation in Twitter same here in the forum so don't focus too much following people on Twitter and start reading threads here, join discussion as well to express your thoughts and ideas.
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March 29, 2018, 08:30:42 PM
 #11

Yea a few.
Never panic sell. When you see the price dropping, brace yourself and steel yourself against whatever news you might hear or read. Don't give in
Don't FOMO money into the market. A lot of people see prices going up and believe that it will keep going up and they don't want to miss out. A bull market isn't time to buy, it is time to sell.
Never put in more money than you can afford to lose. Don't put in emergency money or any money you will be needing anytime soon. Be smart about investing.



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DreezHoly
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March 29, 2018, 08:45:53 PM
 #12

 
The only thing a newbie can do best is to familiarize themselves with the crypto market, carryout necessary research and know all there is to know, if you chose to invest then start little and slowly grow
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March 29, 2018, 08:46:54 PM
 #13

Are there any Bitcoin bear market seasoned veterans who can share some words of wisdom or advice to a bitcoin newbie experiencing a bitcoin bear market for the first time?

Any recommendations on good people to follow on twitter?

And any other specific advice on how to play out this bear market would be greatly appreciated.

Do not focus on following people on twitter because many ofnthem are just troll. Better focus on trading and investing. Little advice like, when you trade, better buy when red and sell when green. Do not buy coins with no future. Also, always stay calm and relax.

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elloco4ever
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March 29, 2018, 08:52:03 PM
 #14


The only thing a newbie can do best is to familiarize themselves with the crypto market, carryout necessary research and know all there is to know, if you chose to invest then start little and slowly grow

In order for a newbie to get familiar with the bitcoin he or she needs to join any sort of signature campaign which is not possible or newbie once they reach junior member rank they can apply for bounty campaign which will give clear picture of market situation and how it works but newbies was learn a lot from this forum through the experienced users.

   
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Maryverycool
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March 29, 2018, 09:00:52 PM
 #15

Are there any Bitcoin bear market seasoned veterans who can share some words of wisdom or advice to a bitcoin newbie experiencing a bitcoin bear market for the first time?

Any recommendations on good people to follow on twitter?

And any other specific advice on how to play out this bear market would be greatly appreciated.
Yes, I lost a lot because I didn't have enough experience. When bitcoin started to fall two months ago, my friend told me that bitcoin would recover and not sell, which would cost me a lot of money. Now that bitcoin is still falling, I've lost more, and I don't want to hold on anymore.
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March 29, 2018, 09:02:43 PM
 #16

As a newbie myself, I think we need to do a lot of reading to understand the concept of cryptocurrency better.
Bitcointalk and reddit is a great place to start with.
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March 30, 2018, 04:31:17 PM
 #17

How you got that status on this forum, if you write that you are a newbe? I advise you to either keep your assets in this bear market, or try to play in a short, but it is dangerous.

good question Wink

With regard to the Council HODL. Not to panic and to wait for perhaps several years, to be ready to lose everything.

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March 30, 2018, 04:40:46 PM
 #18

Don't be too rush  ,  relax and enjoy learning more ideas and knowledge about bitcoin  . Be patient , be understanding  and be observant  all the time.
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March 30, 2018, 04:54:23 PM
 #19

If you are a newbie and you want to buy into bitcoin, I think you should buy bitcoin as soon as the market is red. And sell fast when its price increases again. And before you buy it, you should research its market. You should keep track of bad news that may affect the value of bitcoin. Now, short-term investments are more profitable for you

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March 30, 2018, 05:03:57 PM
 #20


Of course there are bitcoin market participants who want to share with us beginners. However, they are unlikely to share with us quickly, with the intention that we can learn first because they also get it not easily, which is sure to keep the spirit in understanding bitcoin market.
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