What are the useful tips for beginners?

[readygoaw]

if you are a beginner you have to learn what is crypto and you should know the market situation and most importantly you should see the potential of the coins you buy and be patient in selling.

The newbie can go to YouTube and find there the coolest channels devoted to the cryptocurrency. Check this one: https://www.youtube.com/channel/UCR9gdpWisRwnk_k23GsHfcA

[setupbounds]

Do not invest in anything you do not understand how it works. If you don't know the system and the way it works, don't invest in it, same principle with coins, do not investing in a coin just because you saw in bunch of places that it will "skyrocket to moon". People here who hold coins keep promiting that coin so it can go up and they can eventually sell it. Same goes with going down, people who miss out on some coins going up, keep saying it will go down because they missed out on it and jelaous of people who did not.

[Lhaine]

I would have to all the things that are already saying here to not to go and do things that you are not familiar with because there are many Predators who are just sitting there and waiting for somebody like you to decieve and steal.

It is not bad to learn and give many suggestions for those who do not have experience. We should open up.

When i was a newbie i always reading about crypto here in forum and sometimes i always research by myself. There is also have a youtube that you can watch about the trading or what ever you wanna do.

[daicavung]

Profit on the crypto market created only for those who have the patience and know how to analyze, if hurry hurry you will fail early. That is my opinion and personal opinion.

[abayan]

Do not invest in anything you do not understand how it works. If you don't know the system and the way it works, don't invest in it, same principle with coins, do not investing in a coin just because you saw in bunch of places that it will "skyrocket to moon". People here who hold coins keep promiting that coin so it can go up and they can eventually sell it. Same goes with going down, people who miss out on some coins going up, keep saying it will go down because they missed out on it and jelaous of people who did not.

Cryptocurrency is so unpredictable but with a proper mind you can't be fooled by some price or hype, although in some you can ride on it and make money it depends on your skill capacity. The very useful tip that will help anyone is to buy in cheap price but a quality project and wait for it to skyrocket.

[Rudolo]

Profit on the crypto market created only for those who have the patience and know how to analyze, if hurry hurry you will fail early. That is my opinion and personal opinion.

Iam still learn about FA & TA its really hard to analzye and learn that. Yes some people sometime get a losing capital because enter/exit on the wrong time

[sultanali]

The best tip I can give to beginners does not forget about the ICO’s there is a good source to make a lot of money and they give you a training in which you can analyze each factor involved like the team, the hard cap soft cap the technology and the roadmap

[hubballi]

The best tip I can give to beginners does not forget about the ICO’s there is a good source to make a lot of money and they give you a training in which you can analyze each factor involved like the team, the hard cap soft cap the technology and the roadmap

You are wrong investing in ICO is totally risk and being newbies it is difficult to find good one, so it is better to first go through the site and then enroll in Bounty's and know about how ICO is working and what earned through bounty coin go And trade and earn trading knowledge first

[TheNotoriouss]

Get fully into it, spend your own time researching the topic and then immediately implement your knowledge. I'm constantly learning and searching new projects, recently found Kelvin Blockchain, and oh shit I'm fascinated about the idea and the changes this project could bring to us. Insane!

[loveinberlin]

If you are a beginner, you should learn the trading basics first before you get started. It is a must for beginners and everyone who want to trade crypto currency successfully today. Take this into account to succeed

[chalkboard17]

There are many things you need to know about trading. I guest you can find them out on the youtube or google. There are many lessons out there

[MrPresidentIM]

Great tips and with that you can help many people.

I just wanted to add that experience is very helpful as well. If you do not have any experience in trading I will suggest that before using your real money for trading you try to feel trading by using a demo account. If you are in a rush to trade then do not put in a lot of money. Once you are comfortable then start putting a big money. 

Thank you, guys! Very useful stuff!
Have a good trading!

[mudasarali43]

There are many useful tips are there for the beginners but I think the main thing is the strategy, If you have a good strategy to follow than you can get good reward from the market at the beginning stage and if you keep following this thing than you can earn continue profits.

[Daniel9140]

These are very helpful news for the beginners. Many beginners tend to invest into cryptocureency without appropriate knowledge thereby losing funds. You need knowledge. You also need to stay away from the news as the news is a means of making you panick and you sell off your coins as well.

Useful tips overall

[GREATLOVE]

Hello guys and gals , it is certain that the field of trading is very profitable, but regrettably, I have seen many beginners start in this area without any knowledge of the basics. In fact, this class always fails and lose a lot of money because of their hastiness or rashness.

So, according to my experience, I want to give some useful tips, and hope they will help everyone, and will be as the following :

1- Read and learn the basics of trading:

-I think the best way to start understanding this field  is by reading books related to digital currencies,  but unfortunately, the issue that many people  read only the first pages of the book, then they stop.

"The more that you read the more things you will know, the more that you learn, the more places you'll go "
                                                                                                                                                            -Dr. Seuss
I suggest some books, and they will be as the following :
Cryptocurrency: Beginners Bible:

Mastering Bitcoin for Dummies:

Cryptocurrency Trading & Investing


-Learn how to analyze and deal with different situations ( pump, dump ..) in a smart way. Plus,  try to help yourself  with yourself, Do not complain and ask for help from the others, because no one is in your place. And even if you fail in the first attempts and lose a lot of money, then It is not the end of the world.
Believe me, learning from failed experiences will help you in order to improve your next choices, and you may start to gain a significant proportion of money.

2-Stay away from media news:

Media are always manipulating traders through some false news and even the social media (Twitter, Facebook..), They may even control what happens in the market (crisis, jump), in order to achieve the interests of some (the capitalists) and regrettably, many believe the information and fake predictions.
" Do not be a sheep and act like a wolf "

3- Be patience  and  try to be brave , not afraid:
The field of trading is profitable when you are patient and not hasty like many, and of course you must take advantage of the opportunities intelligently.
Fear is one of the most important obstacles that lead to losses, especially in difficult situations (big crash), like, panic selling...

IMO, Courage is by taking the risk, especially when there is an unexpected event (Big drop).
"Big risk, Big gain."

Cheers,  

Wish thats nice and hopeful news for the beginners .  that they will invest in cryptocurrency. They can earn and make profit for the beginners .

[Slavyanskiy]

Very interesting books. The main thing is that a novice should know when he wants to invest: do not invest more money than he is ready to lose.

[Gytza]

Very interesting books. The main thing is that a novice should know when he wants to invest: do not invest more money than he is ready to lose.

Yes, dear noobs.
This is the most important thing.
If one prefers to remain relatively sane investor during the dips and bear market that is the only way. It's in our nature, we all hate to lose even small amounts of money and it's really hard, doesn't matter if one is a trader or an investor.
But you have to be prepared for the FACT that YOU most definitely WILL LOSE some MONEY or even all of it. Crypto has elements of gambling and nerves of steel are very much needed.

Hope some new guys are reading this topic. What a journey this is.   1/4 of my funds is in crypto, I'm completely rekt since I fell for the HODL thing. But...
This will not sound so clever, but I'm happy that I discovered this cryptoworld. Bulls will come. Patience.

[bummm]

Without the knowledge, you will never know what to do, how to trade and how to pick the best cryptos. I think that this is the most useful and wise advice.

[Bhargurn]

Also to be careful with low marketcap coins, in one instance you could see massive 2x-10x profits if your coin starts to moon, on the other you could be stuck with something that'll take 6 months to move a few satoshis. Do your research carefully before plunging headfirst into the s***coin pool!

[marine4u]

There are many useful tips are there for the beginners but I think the main thing is the strategy, If you have a good strategy to follow than you can get good reward from the market at the beginning stage and if you keep following this thing than you can earn continue profits.

New investors need a specific investment strategy from the beginning to be able to develop more in the future. Investing in this period is very difficult but I think it will give the investor a lot of valuable practical experience. Take the opportunity when it comes to you and I think cryptocurrency is also a very good opportunity.