Newbie in crypto trading

[Ucy]

Holding is not advisable in this current market. It better to day trade with the coins than have them in your wallet long-term .

 I would recommend you learn to trade before riskinu any more money in the market.

[1715594986]

1715594986

[1715594986]

1715594986

[Best Dreams]

Is trading crypto better than just investing in crypto?

It depends on the user if the users is good for bitcoin trading he can trade well but if he is good for investing he can invest, according to me new person should first invest for long term because trading needs allot of knowledge and skill before getting profit, so suggest investing for long term it makes money and also it is lack of risk.

[Vaculin]

Is trading crypto better than just investing in crypto?

It depends on the user if the users is good for bitcoin trading he can trade well but if he is good for investing he can invest, according to me new person should first invest for long term because trading needs allot of knowledge and skill before getting profit, so suggest investing for long term it makes money and also it is lack of risk.

For new beginners, it's still best to study the crypto market first before investing in particular coins and even in trading coins. These two involves risks so as a newbie, better to familiarize the movement of the market price as this will fluctuate from time to time. MInvesting in long term might be a good idea but in trading, you still need to gain more experiences to make profit and not to end up losing.

[wayaneka]

Doing long term trading by choose good coin will be more profitable than day trading and will spend less times, choose altcoin that still in the bottomed and has strong fundamental, just like OMG that still in the bottom and has more potential to rise to the highest price, so we should be learn more fundamental each crypto.

[ethereumhunter]

Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)

Also I want to invest 200$ in crypto right now so you can suggest me something for that too.

PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.

For $ 200, I think you should buy the tokens of IEO projects supported by large exchanges to have the opportunity to x3 x5 your capital. currently there is no failure of an IEO project and it always brings great profits to investors. You can see BTT, FET, TOP, ...

I don't recommend to buy the tokens from IEO or ICO because it's too risky. But maybe I can suggest to trading because he has a change to make a profit from many coins. That will work well if he can learn about analysis, so he knows how to trade with a right, and that will make him have a chance to make a profit.

[Alice Nuttal]

In order to make a sizable profit with your 20 ethereum, I’d suggest you try margin trading. It allows you to multiply the return having only 20 coins. For example, a platform Cex Broker provides up to 10x leverage on ethereum and bitcoin - https://cexbro.com/. It means that you can turn your 20 coins into 200 coins and trade them. Margin trading can be lucrative but keep in mind that the risk is higher as well. Therefore, educate yourself about this way of trading first. For every single trade whether on margin or not use a stop loss to be safer. If you need practice, the platform offers a free demo account where you can acquire the needed skills.

As for $200, I’d invest in IOTA or Cardano that I think can bring good returns. But you should DYOR on this issue because only you are responsible for any financial loss it may cause. Learn more regarding what fundamentals are and who stands behind the cryptocurrency you want to invest and estimate how profitable it can be.

[Babyrica0226]

I'm not quite familiar with the altcoins you mentioned except for ETC which is one of the good coins in crypto.
If I were you, better for you to sell the coins you have except for ETC. Then, use the purchase amount to buy a new coins
that are belongs to top 10 altcoins at the coinmarketcap, on this way there is a high chance for you to get a profit in the
near future for sure, just hold for awhile.