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Author Topic: New to crypto trading - Is now the time to get in?  (Read 19580 times)
Clairvoyant (OP)
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December 17, 2018, 08:38:30 AM
 #1

Hi all.  When the hype was at its peak about a year ago, clearly this attracted a lot of people.  I waited and watched.  Would love to hear views on if this is a good time to start looking at BTC and alts.

Also, have seen a few accounts that offer services (VIP signals etc).  Presumably some of these are better than others.... if so, what have been your experiences?  Thanks.
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December 17, 2018, 10:48:30 AM
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Hi all.  When the hype was at its peak about a year ago, clearly this attracted a lot of people.  I waited and watched.  Would love to hear views on if this is a good time to start looking at BTC and alts.

Also, have seen a few accounts that offer services (VIP signals etc).  Presumably some of these are better than others.... if so, what have been your experiences?  Thanks.

I would advise against any newbies trying to trade in this current market. It may be a good time to invest but it's not a good time to trade. There's little easy money going around and the market is in a constant downtrend, without knowing what you're doing you're liable to lose money. Perhaps try a paper account for a while to hone your skills before the market conditions become more favorable.

Avoid signals at all costs, they're not looking out for your best interests, they are looking out for their own. No one has a crystal ball and if they did they wouldn't be sharing it with you. They use these groups to get people to buy shitcoins off them at an inflated price.

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December 17, 2018, 12:08:06 PM
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it's not too late to join, I think this is a good start for you to enter the world of cryptocurency, the price of all crypto has decreased greatly, it's time to buy BTC, but you have to think twice and several times because of the high risk of playing in the cryptocurency world
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December 17, 2018, 12:55:56 PM
 #4

Maybe now it's good time for newbies to join. Just because the market is red isn't the reason to give up and maybe exactly in a moment like this it's the good moment to learn and to feel the risk. But it's very important for you to know what is your final goal and expectations in order not to get disappointed in trading at the end.
I would suggest to try with very small sums that you can afford to lose, just to feel the market. If you are brave enough give it a try.

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December 17, 2018, 01:03:19 PM
 #5

Well, it is a good timing for a newbie to jump in whether trading or long-term investing, for trading prices can't really go much down, for example, it is pretty much hard to see an x5 or x3 downtrend at this current stage, I don't say it is impossible but it is much harder at this current price range of almost all top coins. And for long-term investing, I think it is the best time to jump in, prices right now is pretty cheap, there is still a risk but now the risk is very low compared with before. Just remember, even if the timing is good don't ever invest what you can't afford to lose, no matter how low the risk is there is still a risk especially when we are talking about Cryptocurrency market.
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December 17, 2018, 01:17:24 PM
 #6

No!!!! not at all. Trade is not meant for newbies this time when the market still remains bloody and the bears still continue but my advise to for you is; get yourself acquitted with the trade techniques and ensure to study the market at this critical time in order to play safe when the bull run start.
Frankly speaking, as a newbies like you, i will suggest that you invest in some major cryptocurrency for now to working on your self in the world of cryptocurrency rather than jumping into what can cost you much you never thought.

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December 17, 2018, 01:37:42 PM
 #7

Well, in my opinion, it is not the right time for day or short-term trading, but is certainly is the best time for long-term investment, as the price of most cryptocurrencies is very cheap now. Invest in some well-known coins and hold them, it will be very profitable in the long run.
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December 17, 2018, 02:13:17 PM
 #8

I think that now is a good time for long-term investments. About trade there is nothing to say and think. If I had available funds, I would establish my investment portfolio and purchase additional altcoins that interest me.
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December 17, 2018, 03:58:04 PM
 #9

Hi all.  When the hype was at its peak about a year ago, clearly this attracted a lot of people.  I waited and watched.  Would love to hear views on if this is a good time to start looking at BTC and alts.

Also, have seen a few accounts that offer services (VIP signals etc).  Presumably some of these are better than others.... if so, what have been your experiences?  Thanks.
If you are new it is time to start putting some money away into crypto but not the time to get all in right now.

We have been in one of the biggest downturns of bitcoin in history and since the price went down so much everyone thinks the time for going up is starting up again however the past year caused a lot of new coins to go "bankrupt" and basically go away, many crypto business closed shops and there are a lot of them laying off their staff as well because none of them have any money left.

Hence, it has been all bad news and all bad things for crypto which would mean it may take some time before we recover. You should start putting in some money but not all of it, you should divide it to 12 equal parts and invest once each month of 2019, that way if it goes lower you will average it down, if it goes higher you already invested.

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December 17, 2018, 05:29:55 PM
 #10

Hi all.  When the hype was at its peak about a year ago, clearly this attracted a lot of people.  I waited and watched.  Would love to hear views on if this is a good time to start looking at BTC and alts.

Also, have seen a few accounts that offer services (VIP signals etc).  Presumably some of these are better than others.... if so, what have been your experiences?  Thanks.

It was a great move by you by not getting into the market at its HIGH. Now is definitely a good time to get good positions into the coins which you believe because the room for upward is more from here than downward.
So choose the projects wisely and hung in there you will do good. I would suggest not to get into those signals channel at this moment and rather improve your skills by learning.
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December 17, 2018, 08:02:45 PM
 #11

Thank you for all of your responses.   Some great advice.

I think a long-term play is probably the best idea for now.
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December 17, 2018, 09:44:36 PM
 #12

Hi all.  When the hype was at its peak about a year ago, clearly this attracted a lot of people.  I waited and watched.  Would love to hear views on if this is a good time to start looking at BTC and alts.

Also, have seen a few accounts that offer services (VIP signals etc).  Presumably some of these are better than others.... if so, what have been your experiences?  Thanks.
It looks a little risky for beginners to enter the market today, basically I see the current market situation is declining. It might be better if you wait a while longer, unless you have prepared yourself for all the possibilities that will occur.
And yes, if we talk about trading signals honestly I never believe them.

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December 17, 2018, 11:14:02 PM
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It's a good time to buy and hold because the price is still low, but it's not recommended to start trading now if you are just a beginner, its difficult to make profit in bear market and sometimes the vip signal can't be rely on, signal is just a speculation make by professional traders, sometimes it can be wrong, my suggestion is to wait if you want to start trading, wait for the market become better
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December 18, 2018, 12:02:21 AM
 #14

Thank you for all of your responses.   Some great advice.

I think a long-term play is probably the best idea for now.

Yes, just enjoy buying coins right now because they're cheap and keep it for a long time. Just be sure though that don't put coins in a exchange but rather in a wallet that you have total control of your private keys specially if you're thinking holding for about a year or so, just saying.

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December 18, 2018, 12:07:16 AM
 #15

I wouldn't go all in, but feel free to drop a bit of money into BTC and other alts right now. As others have already said, the price of BTC and most other cryptocurrencies is low right now, and though we're in rocky markets, you can always stagger buy orders by pricing (e.g in bitcoin, an order at 3600, 3400, 3800, etc) so you don't put all your money in at once on a coin. I personally do this, and it's a great way to accumulate coins slowly.

As for signals, I've never had good results with them. Even paid signals don't always work, and plenty of people end up being scammed (and most signals are used to make people buy or sell coins). Think for yourself as well- if someone had good information on trading, it makes no sense for that person to give away their info for free or sell it when that person can use the signals to his/her own advantage.
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December 18, 2018, 08:16:45 AM
 #16

to start trading you don't need a special time. you can enter the market anytime you want and start trading. as a matter of fact 2018 has been the best year to start trading because if you did that you would have been forced to learn how to make profit instead of profit coming to you!
for example last year any newbie without a brain could make profit if they bought literary anything, even dead coins, held for a month and then dumped it! that doesn't make you a trader though but what it does is that it gives you the illusion of being an expert trader and that is the worst thing because all of those with that illusion lost all their money this year.
but if you started this year you could have build yourself a solid trading experience instead of an illusion.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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December 18, 2018, 08:58:33 AM
 #17

At this moment some altcoins already drops their prices so I think that it's time to buy some coins that loss 50% of their price at cheap as they see. But some crypto holders ignore it because there's is a time that continue to decrease its price so they afraid to buy now.

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December 18, 2018, 12:13:17 PM
 #18

dont enter into altcoins very riskier and manipulated do watch the movements and make decisions dont blindly enter now without knowledge 
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December 18, 2018, 11:44:02 PM
 #19

i see that the market rise again. it's time to comeback
Right.I have also seen it.I think this is the best time to start trading for those who are new in  crypto trading.It's the best chance to buy potential coins now while they are still on its attractive price.The market is starting to look good so hopefully,crypto prices will make a good price increase soon.I believe bull run is still coming this year.

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December 19, 2018, 08:35:32 AM
 #20

Hi all.  When the hype was at its peak about a year ago, clearly this attracted a lot of people.  I waited and watched.  Would love to hear views on if this is a good time to start looking at BTC and alts.

Also, have seen a few accounts that offer services (VIP signals etc).  Presumably some of these are better than others.... if so, what have been your experiences?  Thanks.
This time is not for short term trading but this time is to invest in any of the coin which have a good future or if you cannot find then invest in Bitcoin and hold them for a long term which is the only way to get a profit which will make you millionaire in the coming future.
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