What are the useful tips for beginners?

[Valzzz005]

Nice tips you got there but I think your tips are lacking something. One of the most common mistake a newbie does is to invest in only one coin which in the end leads to loss if that certain coin does not perform well. That being said, you should have had included there this: "diversify your investments. Never invest in one coin only and always remember to not put all your eggs in one basket".

That is true do notninvest in only one coin tje more you are keeping yourself safe you are gonna be in trouble because if that coin fall them all you money will be in danger they will fall too and you cannot get that actually you can but of course not the same value as you put it there. So put your eggs into different baskets tjere are altcoims they are not successful yet but they will be. Do not rush things out and learn to wait for a long time because if you are closer to give up you are closer to the goal so dont be stubborn.

[alminium]

Yes, great tips that you can help a lot of people. You just want to add that experience is also very helpful. If you have no experience in trading. You would suggest that before using your real money to trade. For beginners is they must have a very high fighting spirit. never give up and continue to learn to do the analysis. With good analysis then a trader will be able to make good decisions. Truly a trader must have a good experience so that when we fail then we must continue to try again.

[BabyBoss]

Yes reading is one of the best way to learn. Also listening from the experience of others is one of the best to learn. Try and try until you succeed I believe that in that way you will find the best answer you are asking now, it is using your own risk and finding your own skills in trading world.

[worle1bm]

Your tips must of of great help to the newbies who wants to trade.Yes learning basics of this volatile crypto market is the primary function because without knowledge you can't excel in this feild.But gain experience and learn from your past mistakes,try to diversify your investment which reduces risk,have patience and hodl for long term if possible.

[rickadone]

I believe that beginner's should understand how the system in the market work's like buy when the market price is low and sell it again when it increases, with this simple rules, anyone can be very rich if they are patient enough on the different situations in the market.

Not understanding the system, the past, the movements and all that brings about the value in the industry is what has made a lot of beginners to invest blindly till date and still making grievous mistakes.

As long as they can understand there is a future for the market and there is likelihood of speculation driven market, they will know how to apply their senses into making the best of the market but these days, we just have some set of people who are looking for ways to just get rich overnight without doing anything for it.

[futuret]

Yes reading is one of the best way to learn. Also listening from the experience of others is one of the best to learn. Try and try until you succeed I believe that in that way you will find the best answer you are asking now, it is using your own risk and finding your own skills in trading world.

Keep on learning because in trading having knowledge is the necessary factor, the more you will have to knowledge the more you will earn so increase your knowledge and try to polish up your trading skills as well, if you will keep on participating in bounty and signature campaign I am sure you will earn huge profit at the end, we should buy more and more bitcoin as at starting you will earn good for buying low and selling high, try to trade for long term.

[pobeditelvezde]

Unfortunately there is no a student book which teaches you and explains all difficulties. I think that it is impossible to write a comprehensive guide because trading is experience and every trader has its own experience and a point of view on most things.
I consider that the best book about market is your own experience.

[Visbay]

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!

Well it is normal price never remains the same; we should surely make good research before we go for investing our money in some kind of currency. I think soon the price of bitcoin will be high so buy some coins right now and hold it for your better future, you are new so no need to listen everyone just make good research about present best investment and invest your money for long term, have patience and never take part in panic selling.

[henmark]

Yes reading is one of the best way to learn. Also listening from the experience of others is one of the best to learn. Try and try until you succeed I believe that in that way you will find the best answer you are asking now, it is using your own risk and finding your own skills in trading world.

There are many ways for learning. You can search videos on YouTube, Google, different articles and if there is an expert nearby you, it will be very helpful for jumping into the river of cryptocurrency. One thing is very important that never invest in ICOs and try to invest in coins that are listed in exchange, so that you will be mentally relaxed with your investment.

[wuvdoll]

I am also a novice, but I have a few ideas, do not dare to call it advice but I suggest the following: do not rush in this market, be patient, and must know how to analyze a project or one dime . So you have the opportunity to get rich from the cryptographic market.

The mentality of getting rich quick is what has made the whole investment space what it is today. Even outside cryptocurrency, we get to see people hearing there is money to gain in something and then they forget all about the possibilities of the risks involved, how to get them-selves prepared for such risk and how to make great decisions. Applying that into the crypto world is also one of the reasons we keep seeing people fail in their investment till date.

One thing is very important that never invest in ICOs and try to invest in coins that are listed in exchange, so that you will be mentally relaxed with your investment.

I guess this must be a very important one for novice traders. But we cannot say never touch ICOs. Because there are promising ICOs and their returns also decent. But ICOs fall into investment category whereas we are talking about trading here.

[bitcoinking11]

For beginners, i would suggest you shouldn't invest a lot of money at the beginning, only invest as much money as you can afford to lose. Before investing, follow a few months charts of the coins you want to buy then decide what is the best price to want to grab it.

[nightways]

While the three tips the op gives are very basic unfortunately many people do not apply even one of them, many people do not take the time to learn about the market, are easily influenceable by the media especially the media that is against bitcoin and the worst part is that they lack the patience to keep holding their coins because they think they can obtain profits really fast, if they applied those three advices by the op the chances of beginners to make money will become way higher.

In my opinion the first step is to study thoroughly the market of cryptocurrency and to observe the trend of the propel. It is best for entering. I entered in this world through my friend who was an experienced crypto investor and has made thousands of dollars. By this way you can handle any problem easily if an expert is available for your help.

The market is full of people with different minds, some are good in short term and some are in long term and can best handle with different coins. now if you are a beginner then I will suggest you to go for short term trading with less amount so that you may perform it many times and after gaining experience you may come for placement of huge amount either in  short term or long term.

Before investment market study is mandatory. Apart from it technical and fundamental survey is also helpful for beginners and most important is to gain information about the coin in which you want to trade. Trading skills and experience is also important for positive trading. If you can do this, start trading today and shine your future and your family as well.

[kuncimobil]

tips and good advice, but I think experience is the best teacher and if you want to succeed in the currency crypto then you have to dare to take risks, be patient and never give up

[CJPEREZ]

Wow thank you for this tips its nice to all beginners like me this tips are really helpful. Please continue share your knowledge to all people that beginners and doesn't have knowledge in trading. Trading is so risky and dangerous so be careful there will be a possibility to gone your money.

[okissabam]

Those are actually a good read and you can also google the things you want to learn about trading. Basic tips for beginners and ebooks for beginners. That’s where I learned and am still learning up until now through those ebooks.

[3la9l_kolbaCa]

Those are actually a good read and you can also google the things you want to learn about trading. Basic tips for beginners and ebooks for beginners. That’s where I learned and am still learning up until now through those ebooks.

Evaluate yourself on the level of readiness, willingness, and the commitment to deliver quality results. Read a lot of related articles, watch videos, don't hesitate to seek help, do own research, and keep on learning new helpful ideas. Learn what's the usability of the technology, how it works, and to stay calm whenever there will be a massive change in price and be aware that it's just a temporary correction and will soon bounce back.

[lol1yatme]

Money management is the key!!!!!!!!!!

This is the secret.

You can loose 8 time on 10 and still make money.

Its no magic - its MM!

Technical analysis is good, but you need so much more.
Money management and psychology are keys.

What's psychology ?
If you loose 8 times in a row and change your plan....

Psychology is the ability to stick to your plan.
Because who need a plan that it doesn't follow?!

It is of no doubt that the first attempt in not easy and at all and we face with difficulties during any surrounding. So you will also feel uncomfortable and will be facing difficulties in your first days but it is an advice from my side to keep monitoring and observing the market of your desire so that you may learn how to handle everything after which you can start with no hesitation.

[putrisa]

very useful tips for new traders is my advice you do not be too panicked to sell coin at a cheap price it will make the bitcoin price to collapse and will make you get a loss, you should just bear not easily influenced by others.

[RasicaOla12]

Beginners will have many questions they are not familiar with about what is in the currency market, so we should give them useful advice to help them trade better and have more experience.

[Gladiator25]

Nice tips you got there but I think your tips are lacking something. One of the most common mistake a newbie does is to invest in only one coin which in the end leads to loss if that certain coin does not perform well. That being said, you should have had included there this: "diversify your investments. Never invest in one coin only and always remember to not put all your eggs in one basket".

I agree that investing in only one coin is bad and it should be added to the tips. Because investing only on one coin is also considered as gambling your money. Gambling in a sense of you are putting your money in a 50-50 situation. So,  i suggest that every beginner in cryptoworld should know the importance of not depending on only one coin.