SIMPLE INFO FOR NEWBIE BEFORE TRADING IN THE WORLD CRYPTOCURRENCY

[HarapankU]

In modern times to Melineal like nowadays a lot of newcomers who want to try to look for accountability in the world of Bitcoin (Cryptocurrency). This is because the price of bitcoin yag increasingly soared so high that it can be used as future investment. So it would be nice as a beginner we pay attention to some things before starting Trading in Cryptocurrency world.

1. After creating an account at https://bitcointalk.org and creating an onlie wallet at https://www.myetherwallet.com (often used) then do not forget to note the important things that are in account and wallet like Paswod, Privat key , email and more.

2. We should use more personal money. Do not use money for daily needs, this is because many unexpected risks in Cryptocurrency World, or can also find capital in advance by following Project Bounty, Airdrop etc.

3. Recognize the art and style of Bitcoin trading. Use technical analysis and fundamental techniques such as emotional control, the right decision to buy and sell assets owned. Do not be a trader who just speculate just because Cryptocurrency world has no clear market share rules.

4. Note the difference in price on each market to avoid excessive costs in order to take profit.

5. Recognize, understand and find out data data with whom you will transact. Remember, don't let us become victims!

6. Do research in detail before participating in any projeck.
hopefully useful for us all. greetings newbie.

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[Williamnak]

Thank you so much for your sharing. I hope it will be useful for me and other newbies

[Ethannecessary1760]

That 's what I need for starting to invest in bitcoin. It's really useful and helpful information 

[Jetakenare]

In addition to what the posted said,we should remember that the price of bitcoin does not necessarily follow technical analysis. So be extremely cautious when trading. I would advice you open a demo account t with one if the numerous forex traders who trade crypto and demo trade for at least three months before venturing with real money. I speak from experience after having lost huge sums of money to inexperience,impatience and indiscipline.

[Herbert2020]

MEW is an altcoin wallet not a bitcoin and if you want to trade altcoins you don't need an altcoin wallet you just need a secure bitcoin wallet preferably cold storage like paper wallet and an exchange account where you trade the pump and dump altcoins and then transfer the profit you make to your bitcoin cold storage for long term holding.

[Suchand]

Newbie’s feel’s very confused sometimes about some topics like these. This kind of post always helps the newbie’s by information . But if information are wrong that’s definitely felt some bad effects.

[Ava Duvall]

Newbie’s feel’s very confused sometimes about some topics like these. This kind of post always helps the newbie’s by information . But if information are wrong that’s definitely felt some bad effects.

if this is false information , of course its no good for anybody . but for newbies , information is just what they need to get into it

[dimonstration]

Newbie’s feel’s very confused sometimes about some topics like these. This kind of post always helps the newbie’s by information . But if information are wrong that’s definitely felt some bad effects.

if this is false information , of course its no good for anybody . but for newbies , information is just what they need to get into it

This is basic information for the beginners that wants to start to study and  learn about in trading. There's nothing wrong with the op said but one thing MyEtherWallet is not an bitcoin wallet, it is for altcoins or tokens.

[marginal]

Good things to know before starting trading, but anyway I think that you need to know a little bit more before you will go and risk your money, but also I can say it depends on every person so whatever.

[Wexnident]

In modern times to Melineal like nowadays a lot of newcomers who want to try to look for accountability in the world of Bitcoin (Cryptocurrency). This is because the price of bitcoin yag increasingly soared so high that it can be used as future investment. So it would be nice as a beginner we pay attention to some things before starting Trading in Cryptocurrency world.

1. After creating an account at https://bitcointalk.org and creating an onlie wallet at https://www.myetherwallet.com (often used) then do not forget to note the important things that are in account and wallet like Paswod, Privat key , email and more.

2. We should use more personal money. Do not use money for daily needs, this is because many unexpected risks in Cryptocurrency World, or can also find capital in advance by following Project Bounty, Airdrop etc.

3. Recognize the art and style of Bitcoin trading. Use technical analysis and fundamental techniques such as emotional control, the right decision to buy and sell assets owned. Do not be a trader who just speculate just because Cryptocurrency world has no clear market share rules.

4. Note the difference in price on each market to avoid excessive costs in order to take profit.

5. Recognize, understand and find out data data with whom you will transact. Remember, don't let us become victims!

6. Do research in detail before participating in any projeck.
hopefully useful for us all. greetings newbie.

Well, before starting to involve in trading, it is better that we are much prepared in anything that is possible to happen in this field so it is much advisable to have a full and better understanding about it at first so we can be much aware. Just remember trading is not an easy as what we think. In this field we need to be much wiser, much smarter and have a better sense strategies so we can able to avoid from any possible losses and always keep to our mind that invest only the amount of money that we can afford to loose.

[hugeblack]

This is because the price of bitcoin yag increasingly soared so high that it can be used as future investment.

So the high value of Bitcoin makes it a good investment? Thinking like this way will cause significant losses.
If your motivation to buy Bitcoin is to invest, you put your money in a risky investment and may cause you to lose all the money. ""
Learning about how Bitcoin works? wallets? How do you protect your account Pvt keys? And other technical basics is the priority for each newbie because without it you expose your entire income and profits to risk.
The rest of your points are all true

[Vengeance007]

For all the newbies in cryopto world this article is truly very useful. I too think before going for any future investment in crypto market people have to research pros and cons about their project.

[Ayomiqueen]

In addition to what the posted said,we should remember that the price of bitcoin does not necessarily follow technical analysis. So be extremely cautious when trading. I would advice you open a demo account t with one if the numerous forex traders who trade crypto and demo trade for at least three months before venturing with real money. I speak from experience after having lost huge sums of money to inexperience,impatience and indiscipline.

Why do you say Bitcoin doesn't follow technical analysis , then that shows you have not really understand the Bitcoin market , it can only be manipulate but will definitely follow technical analysis, because if it doesn't then we should not see the down trend we have now or we should have gone back to the ATH but if you study the trend then you will see that technically those need to happen and it does even now we might spend some years before we see new ATH base on technical analysis .

[Hipag]

Thank you for the support and advice, I appreciate it, a newbie like need more information about crypto and how it works, sometimes we are making a decision without any information.

[Nakakapagpabagabag]

Newbie’s feel’s very confused sometimes about some topics like these. This kind of post always helps the newbie’s by information . But if information are wrong that’s definitely felt some bad effects.

I suggest that dont depends on just one information, search for many reliable source, for you to know and understand it carefully. But they will really know it when they try it, if they succeed then they'll be happy, and if they fail they'll be wise. Because failure will not just give you bad outcome, it may help you to really understand the things you fail, and it will make you wise on that thing, and i'm sure that someday you'll be successful because of that.

[tegarp90]

In modern times to Melineal like nowadays a lot of newcomers who want to try to look for accountability in the world of Bitcoin (Cryptocurrency). This is because the price of bitcoin yag increasingly soared so high that it can be used as future investment. So it would be nice as a beginner we pay attention to some things before starting Trading in Cryptocurrency world.

1. After creating an account at https://bitcointalk.org and creating an onlie wallet at https://www.myetherwallet.com (often used) then do not forget to note the important things that are in account and wallet like Paswod, Privat key , email and more.

2. We should use more personal money. Do not use money for daily needs, this is because many unexpected risks in Cryptocurrency World, or can also find capital in advance by following Project Bounty, Airdrop etc.

3. Recognize the art and style of Bitcoin trading. Use technical analysis and fundamental techniques such as emotional control, the right decision to buy and sell assets owned. Do not be a trader who just speculate just because Cryptocurrency world has no clear market share rules.

4. Note the difference in price on each market to avoid excessive costs in order to take profit.

5. Recognize, understand and find out data data with whom you will transact. Remember, don't let us become victims!

6. Do research in detail before participating in any projeck.
hopefully useful for us all. greetings newbie.

For a newbie it's not recommended for spending money for trading because it just can make your money gone.
Trading need experience and a lot of technical analysis for safety.
So, if you're a newbie.. just learn much things in this forum and other websites

[conevenibary]

Great that should be  effective for newbie if the information are reliable. There are many newbie entered crypto world daily. So if they get support they will gain more interest about crypto world.

[Edi86]

thanks for the information, as a beginner we do have to be careful and more observant to see all aspects that exist about bitcoin

[Mir Zafar]

Your information for beginners is very helpful. I think the newcomers should follow these information. Although Bitcoin is potential and profitable, it requires enough knowledge and skills. Skills and knowledge will separate you from others.

[Ojengonggu]

skills in analyzing very many theories that need to be learned and this needs enough information in the future price and for newbie better not directly jump in investment degan way trading or join the ICO because this is very vulnerable better learn first in a few months and start with a capital that is not too much and last prepare mentally