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Author Topic: Some tips for newcomers to the cryptocurrency market  (Read 188 times)
bobo012
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August 24, 2018, 02:11:12 PM
 #21

Best advice is do your own research, dont fall into pump and dumps, or worthless altcoins. 95 percent of altcoins are just here to extract bitcoin or in some cases ether. Dont play with more than you can lose, and be strong, as markets are tough.
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August 24, 2018, 02:57:13 PM
 #22

Stop using that 'the market is being manipulated' as an excuse sometimes cause most people do it. All market are being manipulated by some whale investors for personal gains but you as a minor investor can still seize that opportunity and make your own gains too. The main trick there is to be on alert and know the majors to take. Another thing you should bear in mind is to verify any news before acting on them.

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August 24, 2018, 03:24:55 PM
 #23

  This market is a market that is manipulated. We have miners who verify transactions, have additional insider trading floors, ICOs, pump and dump assemblies, sharks and whales, things they do. is to make a profit for themselves rather than anyone else. With a person you do not know, do you think they can withstand heat? There may be people who are really good but no one can say anything, preferably not one.
  Second, the cryptocurrency market is not like the stock market, in cryptocurrency we have cryptography, blockchain technology, market psychology, economics, etc., and many other applications can be applied to the field, So when someone says they are expert in the field of cryptocurrency, get them aside.
The best way to invest is to pick a few Crypto currencies and and hold them for a long time. There's a lot of Crypto currencies to choose but it’s best to choose some that have a lot of support already and have good technology.However,We know that investing in crypto currency is too risky but you should invest only if you think that you can afford to lose.
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August 24, 2018, 05:02:19 PM
 #24

Stop using that 'the market is being manipulated' as an excuse sometimes cause most people do it. All market are being manipulated by some whale investors for personal gains but you as a minor investor can still seize that opportunity and make your own gains too. The main trick there is to be on alert and know the majors to take. Another thing you should bear in mind is to verify any news before acting on them.

You got it right. There's a bit of manipulation, but the trend plays out regardless. We are in a bear market now and you won't be making as much money as you would in a bull market. You will also have to wait much longer for a significant move. In bull market I used to wake up every day to higher prices. Now it can be 2 or 3 weeks without any move up or down apart from 2% here and there. Somehow nobody is complaining about manipulation when we're going straight up.
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August 24, 2018, 05:27:16 PM
 #25

As a newcomer one must know all the advantages and disadvantages of coin in which he is investing.Major thing he must be a risk taker.He must have all the knowledge and information regarding coins and only then invest.He should not invest all his amount.As a fresher he must invest some amount out of it and then try to understand what exactly  cryptomarket is.He must understand that fluctuations are common in cryptomarket.

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August 24, 2018, 05:28:17 PM
 #26

  This market is a market that is manipulated. We have miners who verify transactions, have additional insider trading floors, ICOs, pump and dump assemblies, sharks and whales, things they do. is to make a profit for themselves rather than anyone else. With a person you do not know, do you think they can withstand heat? There may be people who are really good but no one can say anything, preferably not one.
When you make statements like this, you are doing more harm than good especially for those who are newcomers into the market as statement underscores the importance of hardworking and compensation for it. Its a known unprovable with undeniable fact that the market is being manipulated by some cabals but people who have no connection to any of them still make some decent earnings from trading and other activities in the crypto space. That's is what should be propagated and not words of  discouragement.

  Second, the cryptocurrency market is not like the stock market, in cryptocurrency we have cryptography, blockchain technology, market psychology, economics, etc., and many other applications can be applied to the field, So when someone says they are expert in the field of cryptocurrency, get them aside.

The crypto is not like the stock market where people needs some level of education or licence from a professional body to operate in. Here, understanding buying and selling is enough to make a decent returns with some understanding of the workings of the market of course.
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August 24, 2018, 05:30:14 PM
 #27

My advice for the new comers is that they should never lose their patience.They must invest in capable coins such as BTC,ETH etc and should keep trust on the coin in which they are investing.This market is very unstable.Many fluctuations will be observed in the price.So never ever feel that you will lose your money.Stay positive because the market will recover and you will get gainful investments.

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August 26, 2018, 07:49:49 AM
 #28

You should first find out through the market. Actually every problem is very simple. But we make it difficult for ourselves. Newcomers should play the pre-market test. Then have experience and start participating in this field. Find out who succeeded and failed. They will give us a really valuable lesson, which is the fastest way to learn.
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August 26, 2018, 02:03:14 PM
 #29

  This market is a market that is manipulated. We have miners who verify transactions, have additional insider trading floors, ICOs, pump and dump assemblies, sharks and whales, things they do. is to make a profit for themselves rather than anyone else. With a person you do not know, do you think they can withstand heat? There may be people who are really good but no one can say anything, preferably not one.
  Second, the cryptocurrency market is not like the stock market, in cryptocurrency we have cryptography, blockchain technology, market psychology, economics, etc., and many other applications can be applied to the field, So when someone says they are expert in the field of cryptocurrency, get them aside.
Do not react too quickly, never invest on a hype and wait it out, even if you are going to buy something for sure, sleep on it and wait for the next day, if you did your research and know what you are going to buy and you are sure for it and slept on it and the next day you are still interested on that than you can buy it.

Before all of this if you buy on a hype and get the feeling of you are going to become rich you will be sad for a long time. My friends who made the most of crypto world have consistently be the ones who took the smaller gains instead of waiting for the 10x or so returns, they just get that 5% and leave it alone.


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August 27, 2018, 11:46:54 PM
 #30

these are some tips that I think that would help new comers in Bitcoin.
*read the rules and regulations
*ask if you don't know what to do
*spend a little more time on reading other's post
*apply in real life what you've read
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September 19, 2018, 09:41:28 AM
 #31

You should first find out through the market. Actually every problem is very simple. But we make it difficult for ourselves. Newcomers should play the pre-market test. Then have experience and start participating in this field. Find out who succeeded and failed. They will give us a really valuable lesson, which is the fastest way to learn.
Yeah it is good to look at the market price of bitcoin is getting high day by day, so it is good to hold your bitcoin for those who invested their money in to it, but those who still did not buy till now should invest because price is being high, so get the chance buy now because if you will wait more so the price of bitcoin will be higher than this, all new users need to show high patience to get good amount of profit.

   

 
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September 19, 2018, 09:58:39 AM
 #32

these are some tips that I think that would help new comers in Bitcoin.
*read the rules and regulations
*ask if you don't know what to do
*spend a little more time on reading other's post
*apply in real life what you've read

"Ask if you don`t know what to do", that is interesting one. But for asking a good question, smart one, you need to know at least some things, do at least a bit research on your own, to get into the matter and like that question you ask will be direct and like that you can get some good answers. Even better is "Spend a little more time on reading other`s posts", I think that people, most of the people here don`t do that at all, they just come and make a comment without reading the topic, they just see headline, wrote their opinion which is in most cases very stupid and shallow, but nobody can`t come to an end of that. Thymos made some new rules, people can check it out in meta section, we will see what will come from that. Good advice`s for sure, I recommend this two more than others, people should start to read more, and asks proper questions.

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September 19, 2018, 01:20:39 PM
 #33

Best advice is do your own research, dont fall into pump and dumps, or worthless altcoins. 95 percent of altcoins are just here to extract bitcoin or in some cases ether. Dont play with more than you can lose, and be strong, as markets are tough.

Yeah, thats the simple play here. Dont get involved in more than few crypto currencies which are not affordable to us to buy and later wait for them to go to new heights so that we can sell them for the profits. Now profit making is the real deal here and if we are not making our way through it then we cant earn enough from it. If you want sustain here then step is to gain control over the coins which are cheap and also having good market status as well. Choosing of the coins is very important as it can give us portfolio that we can choose for long term holding with huge profits along the way.

   

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September 19, 2018, 01:32:36 PM
 #34

Best advice is do your own research, dont fall into pump and dumps, or worthless altcoins. 95 percent of altcoins are just here to extract bitcoin or in some cases ether. Dont play with more than you can lose, and be strong, as markets are tough.
dump and pump is  part from market cycle.we should understand about this.especially reason behind on it.research and observasing could help us to understand how to trade and invest on cryptomarket.it is noe easy for begineer.

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September 19, 2018, 02:59:27 PM
 #35

Best advice is do your own research, dont fall into pump and dumps, or worthless altcoins. 95 percent of altcoins are just here to extract bitcoin or in some cases ether. Dont play with more than you can lose, and be strong, as markets are tough.
dump and pump is  part from market cycle.we should understand about this.especially reason behind on it.research and observasing could help us to understand how to trade and invest on cryptomarket.it is noe easy for begineer.
Yes.In cryptocurrency market,pumps and dumps are really inevitable.Expect that when there is a pump,dump will sure to follow.Just keep on reading crypto related materials and i'm sure you will understand the nature of crypto and how it works.And start exploring in the bitcointalk forum.It will be a great help for newcomers.

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September 19, 2018, 05:26:23 PM
 #36

Some tips for the new comers Well we all know if we are a newbie we need to study about the rules here and read some articles about cryptocurrency. And you must study the current situation in the market.
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September 19, 2018, 06:10:07 PM
 #37

I would appreciate and could've given you a merit if you had defined every single of these and put up a little explanation for the sake of the newbies here in cryptocurrency market though. It isn't just technically unstable entity to scale out some profits off. Help these newcomers know the least of the basics in the terminologies.

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September 19, 2018, 10:21:15 PM
 #38

Help these newcomers know the least of the basics in the terminologies.

One of the basics is emotion but it is very difficult to control even as an experienced trader.
Another is money management, knowing how to invest and how to trade.
Diversification also is important. Buying different coins either to hodl or trade.

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