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Author Topic: What is the best tips for who will invest in BTC for first time?  (Read 4915 times)
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June 24, 2019, 01:21:27 PM
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June 24, 2019, 01:23:01 PM
 #82

My tips are the following:

1. Keep the safety of your coins in your own hands. Never keep your coins in a wallet where you don't control the private key
2. Never ever keep your coins in an exchange wallet
3. Be careful about phishing links
4. Stay away from panic selling
5. Never invest in worthless shitcoins

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June 24, 2019, 05:58:23 PM
 #83

Hi there!

I want sugestions about how mutiply the BTC with your own gains...

I invest $500,00 in BTC, in variation of BTC (%) I have now $530,00....

I want to know if it's worth to sell those small profits ($30*) to wait a down Bitcoin % to repurchase them again. Or is it very little profit and not worth reinvesting?

Help me understand this mathematics of reinvesting to multiply profits... I'm very confusing about it, and I want reinvest and multiply...
If you're sure that Bitcoin price will fall from the current price ($10870) then yes, sell now and buy at lower price. The only condition if you want to make profit is, that you buy back at at least 1% smaller price so at $10760. And you will make small profit because trading fees are always lower then 1% (usually 0.2%).
But chances are it will never fall to that value so you might be forced to buy back at higher price than you sold. The decision is up to you. My personal opinion is that Bitcoin will fall bellow 10k in next week or two, but don't take this as advice. I could be right, I could be wrong.
And make sure you don't miss the price fall. So the best bet is to open buy limit order at exchange so that you automatically buy bitcoin when it falls to your target price, for example $9900.
The profits of such trading are relatively low though. I would probably suggest you to just keep HODLing if you're a beginner.

Go 50/50 sell half keep half. Then, either way, you will make a profit. You could go all in either way but I feel its a bit greedy. I think take some of the remaining bitcoin you have left and invest in other currencies then rebuy bitcoin and treat the secondary currencies like you do your bitcoin (selling high buying low) so you always have an investment left otherwise you sell all at high then have nothing left because you never bought back in. Most of all be patient.

                                                                               
                
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June 24, 2019, 05:59:35 PM
 #84

Only one addition from me is that if you intend to start trading or investing in bitcoin then always consider every step you will take and never enter the crypto world without sufficient basic knowledge.

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June 24, 2019, 07:28:13 PM
 #85

The best tip is to do some reserve and follow trend because every one are not likely to be wrong at the same time but never invest more than you can't afford to loose
Buy when it is low, this is a good opportunity to have bitcoin as investment. Do not think that it is late for you to invest because bitcoin is just starting to recover from the dump. Be careful in handling the risk and learn how to play in the market.

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June 24, 2019, 07:39:50 PM
 #86

Well, if you invest im Bitcoin for the first time not it's not the ideal time for buying. One of the golden rules is to buy low and sell high and at the moment the price is on the rise. Still it's never too late to invest if you have made some good preparation in terms of collecting enough information and strategy and you have some realistic goals. That is very important, to know well your possibilities and limits, how much you can afford to lose and what is the goal you want to achieve.

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June 24, 2019, 08:37:17 PM
 #87

My tip is absolutely according to my experience. I will say NEVER directly invest in it. Always go for Forex Broker, as this means you can get out anytime you wish.

If you go for direct way, it is way too complicated to make you comfortable and that is really not something you should feel comfortable at all. I have done both so I know how much struggle it could be if you go for direct purchase, as with trading you always have option to move which keeps one relaxed.
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June 25, 2019, 01:52:40 AM
 #88

First, choose the right and reliable exchange for you to buy bitcoin, don't exchange carelessly. so that when you deposit or withdraw there is no problem.
second, buy bitcoin when it's cheap if the price is going up, you should wait for him to go down and buy it so that your money is not held back. try to analyze the market situation whether bitcoin will go down or will rise.

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June 25, 2019, 01:59:38 AM
 #89

A few tips than I can give to the new users, based on my 5+ years of experience here:

a. Get a hardware wallet and store your coins in it, after taking the proper backup.
b. Never invest in any pyramid or ponzi scheme using your coins
c. Set multiple targets for different levels.
d. Use exchanges only for trading, and not for storage of coins
e. Keep your private key safe and secure.
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June 25, 2019, 02:19:30 AM
 #90

Hi there!

I want sugestions about how mutiply the BTC with your own gains...

I invest $500,00 in BTC, in variation of BTC (%) I have now $530,00....

I want to know if it's worth to sell those small profits ($30*) to wait a down Bitcoin % to repurchase them again. Or is it very little profit and not worth reinvesting?

Help me understand this mathematics of reinvesting to multiply profits... I'm very confusing about it, and I want reinvest and multiply...

I guess in the end that also depends on how long it takes for you to get the profit. Some people think that in 3-5 days like that I think it's more than enough. But we know that this will be difficult. You better split your capital to avoid when the dump price and long to recover

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June 25, 2019, 04:05:59 AM
 #91

Wau, I learning a lot with all you!!!

Others questions  Tongue

Doubt 1:

Do bitcoin trade just buy low and sell high?

Or a BTC trading goes beyond that, and how do you set the price of the order you want to sell?

For example:

It is possible in Exchange to set a sales order of 0.123 BTC for R $ 123.00
rather than selling for only $ 100? Hence, do you profit R $ 23 more?

(I used dummy numbers to illustrate the example of my question lol)

Doubt 2:

Is it possible to set up StopLoss on an exchange to sell a crypto currency to convert to fiat money if there is a devaluation? Or is StopLoss a configuration only in the HomeBrokers of the "stock" of the conventional financial market?

And what about StopLoss tips do you give? lol if there is anything to add on this subject, although I think it always has ..
Bitcoin trading is far more than the buying low and selling high thing for you need to understand the appropriate time to enter and exit the market. However, Bitcoin is more than an asset and you shouldn't sell I all even when you make some awesome profit through it.

Meanwhile, no exchange have the features of stop loss or selling rate but there are some new project planning to offer such services. However, you can still perform the features on current reputable exchange through the use of bot trading, algorithmic trading or automated trading but only exchange site that supported third-party trading platforms and algorithmic trading will allow you to do that.

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June 25, 2019, 09:28:25 AM
 #92

All bitcoin or altcoin trades have a high risk even though they do not have sufficient experience, let alone new users even old users are often trapped in the moment, it does look very easy to see it. but when viewed from the other side, there are no winners or losers when trading, it's just that you have patience to see moments of that are not wearing, when there is a decline in all markets, don't just look from the side when there is a big increase, the point is patience that you have when investing or trading ...
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June 25, 2019, 01:21:43 PM
 #93

If you are new to BTC or crypto trading, my sincere advice is never to buy in the current bullish market rather wait for the dip. Secondly, never jump with huge capital straight away in the beginning, start will small amount and only invest huge capital if you are confident enough.

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June 25, 2019, 01:31:01 PM
 #94

When starting to engage in any type of investment, you should not lose sight of learning trading strategies. Cryptocurrencies are still a new type of assets, and many people do not think about a reasonable allocation of funds and portfolio diversification. Some coins move along with other BTC, some go against BTC. It is necessary to arrange them in such a way that it is easier to understand which disadvantages are connected with what and how this is related.
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June 25, 2019, 01:34:13 PM
 #95

If you are a risk averse then you look after for long-term investment in the cryptocurrency. If you are a risk taker then you can gain high profits with high losses. May be you are aware of the term more risk more return. In the short term you will face high risk but also the return is high.
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June 25, 2019, 01:42:33 PM
 #96

Previously, I had only heard about trading strategies, but really they had an opportunity to study when I met in the platform taklimakan, where there are educational materials for cryptocurrency trading and notes from experienced traders. Only then did I understand how important it is to learn strategies. Because it is your guarantee that you will stop at the right point, and not chase after imaginary good money losing everything, giving in to emotions
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June 25, 2019, 01:47:22 PM
 #97

For any type of trading activity it would be wrong not to have a strategy. The raider earns money by moving the market to the instruments of his choice, be it stocks, forex, cryptocurrencies, etc. However, where there are risks and volatility, there are also excellent trading opportunities, as significant price movements mean huge profits if you in time and correctly make your deal. Trading cryptocurrencies today is relatively simple, and many reputable brokers support them.
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June 25, 2019, 01:55:20 PM
 #98

For any type of trading activity it would be wrong not to have a strategy. The raider earns money by moving the market to the instruments of his choice, be it stocks, forex, cryptocurrencies, etc. However, where there are risks and volatility, there are also excellent trading opportunities, as significant price movements mean huge profits if you in time and correctly make your deal. Trading cryptocurrencies today is relatively simple, and many reputable brokers support them.
With the cryptocurrency market becoming more and more mainstream and the larger effort to integrate the stock market, a lot of traditional trading techniques are finding their way into the cryptocurrency market as well. And the best part is they’re working
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June 25, 2019, 02:10:58 PM
 #99

In crypto industry I have seen this word tips in gambling sites. Usually when the users reach some level at the time gambling site admins used to keep that user.
This is one form of tipping the crypto investor to gambling.
Likewise we have affiliation program in many crypto best sites used to give some funds to refer. I don't think ok you need more tips for referring but you will get a cool funds.

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June 25, 2019, 02:15:46 PM
 #100

Investing in Bitcoin is a risky investment that means we are ready to accept it. No need to be affected by bad news about Bitcoin because for new people who want to investing for first time worries are something that can make them down.

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