Cryptotrajder
Newbie
Offline
Activity: 19
Merit: 3
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 12, 2019, 12:50:39 PM |
|
Numer 6.Don't trade on Exchanges which keep your funds on their wallet address. I think you have heard what happend with Binance, Bitfinex etc... **3 words - Non-castodial account!**Thanks to that, each user keeps money on their individual wallets, and the trade is carried out through a smart-contract connected to the stock exchange. No possibility of mass hacking attacks or loss of funds in the event of bankruptcy of the stock exchange. **Personally, I recommend 2 exchanges that have this option.**BBOD.io | Bitcoin, Ethereum, Altcoins Futures Trading ( http://bbod.io/) EMX
|
|
|
|
Shimmiry
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 840
Merit: 105
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 12, 2019, 01:01:49 PM |
|
The world of cryptoassets can seem incredibly confusing to new traders. We get it – we’ve all been there. Even experienced crypto traders make mistakes from time to time. Successful crypto trading is all about being prepared before you do anything – that’s where we come in. We’ve compiled a guide of all the things you need to know before trading crypto. https://www.youtube.com/watch?v=RQtvpNYtLfwDo Your Own Research (DYOR)DYOR or Do Your Own Research is a super common term within the crypto community. DYOR is pretty self-explanatory, but serves a reminder to always investigate coins before you buy them or start trading with them. There are tons of resources online for you to start with. From cryptocurrency subreddits to Youtube, Quora, Twitter and BitcoinTalk forums, you’ll honestly never run out of new things to learn. Starting to trade crypto is a personal decision, but you can make sure that you’re guided well and you have a wealth of knowledge at your side. Invest what you’re willing to loseThis point is utterly crucial. Never invest more money than you are willing to lose. That’s just a bad idea. Taking loans, maxing out credit cards, or even just trading outside of what you’re comfortable with and can afford, is a recipe for disaster. Only ever invest what you’re willing to lose. There is always a risk to crypto trading, no matter how well you’ve researched a coin, so always be prepared for a negative outcome. HODLWe’d say that 99% of successful crypto investors and traders are massive proponents of HODLing. To HODL is to hold on to your coins, even when the market dips rather than sell up and cash out. HODLing generally sees you achieve a much better result in the long run! Just think of those poor sods who sold their Bitcoin just before the price soared to their highest heights in December 2017 – ouch.. HODLing is almost always the way to go – rather wait out bear markets and make an informed decision when it comes to ridding yourself of a digital asset. Diversify your portfolioEver heard the old saying, “Don’t put all your eggs in one basket.”? Yeah, the same applies here. When you first start out, it’s important that you research more than one coin that you’d want to trade with. Don’t spread yourself out too thin, but ultimately you’re likely to have more success trading with two or three coins instead of one. Of course Bitcoin (BTC), Ripple (XRP), and Ethereum (ETH) are all fantastic choices, but also do some research and find out about other altcoins that may work really well for you. Putting all of your money into one trade, could ultimately result in you losing all of it. If that coin dips you’re in trouble, so rather diversify your trades across a few coins to mitigate your losses! Overcome Fear, Uncertainty and Doubt (FUD)One of the most crucial things you need to know before trading crypto, is how to overcome FUD. FUD stands for “Fear, Uncertainty and Doubt” and is a crucial factor in determining whether a crypto trader will be successful or not. Unfortunately, this one is up to you – overcoming FUD is your own journey. However, what we can say is that you should always listen to your gut and your knowledge, over others. Don’t give into fear-mongering and always do your own research (DYOR) before acting. https://www.youtube.com/watch?v=ALTY72QsgzoTools for trading Having read this guide, we hope you now feel comfortable with all of the things you need to know before trading crypto. The 5 key things to remember are: FUD, HODL, Diversification, DYOR, and Investing only what you can lose. Other than that, always remember to stick with your gut and make informed decisions in every aspect of your crypto trading. eToro is the world’s top social trading platform. Want to find out more? Click here.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.https://www.etoro.com/blog/market-insights/5-things-you-need-to-know-before-trading-crypto/There are many things you must need to know before entering the world of trading, and this is some tips I will give base on what I experience before in trading, I give much effort in studying and make my research in trading because I'm scared to back to lose my income, knowledge in trading is one of the most priority needs because it gives you a critical thinking what you will do next. In trading, you need to trust yourself too. It is better if you must set a goal for your every trade like you must earn profit even it is low it is still a profit. And always do a practice in trading there is a lot of software or websites supports the practicing in trading and that was good too, and last is make your strategy in earning, and that's the one you need to explore.
|
|
|
|
Pamadar
Legendary
Offline
Activity: 2982
Merit: 1028
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 12, 2019, 01:03:39 PM |
|
FOMO and FUD is the hardest. You may not even engage in trading but just investing crypto for holding coins but you will always think of losing money when prices drops and bear market continues for years. A friend, a holder who had kept his coins for years since 2015 tried to update his wallet and took profit because of FUD. You may find yourself in such situation during bear market. If the price of BTC rise so high, you wouldn't really think of the riches to lose after that.
Not giving in to FOMO and FUD can be really challenging - we're all human and we all want to get the best out of our trades/investments. I think you're definitely right about that. It's a big part of this industry where news creating big influence to how market will be driven. If you do understand how to handle FOMO and FUD then you are in a good position for your investment, It's a tough call balancing your emotions when you are engaging with situations that hard to resist. Though by keep practicing and have trust with your own judgement allows you to have greater control over your emotions.
|
|
|
|
aysg76
Legendary
Offline
Activity: 1960
Merit: 2124
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 12, 2019, 04:24:39 PM |
|
You have mentioned some key points which are essential for trading if you want to survive profitably in this volatile market for long time. 1-Invest what you afford to loose as you will have the courage to bear that much loss 2-Dont blindly follow trading signals as they push you to invest in shitcoins for which they get paid 3-Gain expereince by learning from your past mistakes 4-Hodl but know your profit points where to sell Other can be your plans and strategies to trade wisely in this market.
|
|
|
|
aardvark15
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 12, 2019, 04:51:02 PM |
|
I like those 5 points. Some additional things for a new investor are:
A) Keep in mind that for every trade, you lose money in fees. Also, every time you move money to and from an exchange, you lose money in fees. This has to be considered because it cuts into your profit.
B) Exchanges are inherently risky. You’re taking a chance on the exchanges getting hacked or stealing your money.
C) There may be tax implications when you make a profit from a trade depending on what country you live in. In America, you are supposed to track every trade and report it.
|
|
|
|
Edraket31
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 13, 2019, 10:45:04 AM |
|
I like those 5 points. Some additional things for a new investor are:
A) Keep in mind that for every trade, you lose money in fees. Also, every time you move money to and from an exchange, you lose money in fees. This has to be considered because it cuts into your profit.
B) Exchanges are inherently risky. You’re taking a chance on the exchanges getting hacked or stealing your money.
C) There may be tax implications when you make a profit from a trade depending on what country you live in. In America, you are supposed to track every trade and report it.
Indeed and no matter how much you are sure with your entry because you did a technical analysis and every TA you did gives a positive sign, and there is an event coming in their way, but when the Bitcoin dropped unexpectedly it will affect the coins/tokens that you are holding too, so we should also take this into consideration and always be ready when this happen, we should be alert in the market and not just buying and setting sell order.
|
|
|
|
ethereumhunter
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 13, 2019, 10:58:50 PM |
|
I like those 5 points. Some additional things for a new investor are:
A) Keep in mind that for every trade, you lose money in fees. Also, every time you move money to and from an exchange, you lose money in fees. This has to be considered because it cuts into your profit.
B) Exchanges are inherently risky. You’re taking a chance on the exchanges getting hacked or stealing your money.
C) There may be tax implications when you make a profit from a trade depending on what country you live in. In America, you are supposed to track every trade and report it.
Indeed and no matter how much you are sure with your entry because you did a technical analysis and every TA you did gives a positive sign, and there is an event coming in their way, but when the Bitcoin dropped unexpectedly it will affect the coins/tokens that you are holding too, so we should also take this into consideration and always be ready when this happen, we should be alert in the market and not just buying and setting sell order. We never know what will happen with the market, so that we should take the profit as much as we can and leave the market for a while. Until we can see a clear sign to us to back to the market, we can buy the other coin again, or we can stick with the same coin if the opportunity is there. The analysis we did in bitcoin and altcoin, can work and give us the info on what the price we can buy the coin. But don't expect to make a profit if the market is not moving so fast because sometimes, after the next few hours, the market will fall, and that will make us get the loss. Yes, we should be alert in the market and cautious if we want to trade.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
rodel caling
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 13, 2019, 11:11:50 PM |
|
The world of cryptoassets can seem incredibly confusing to new traders. We get it – we’ve all been there. Even experienced crypto traders make mistakes from time to time. Successful crypto trading is all about being prepared before you do anything – that’s where we come in. We’ve compiled a guide of all the things you need to know before trading crypto. [/quote]
As a human being newbies or experience trader can't avoid mistakes is part of our life, but pfcourse for the newbies mistakes is the very best ways to start analyst trading to get a good decision. We know crypto is volatile currency different to predict which coins can bring potential to get profits sometimes even if they monitor and analysts it into tge coin market or into the exchange where we trade we can't expect the quick dump, your guide is good but I advise nibody can get perfect trading always becareful to avoid a lot pf mistakes cause of loses.
|
|
|
|
JessicaVL (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 346
Merit: 47
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 14, 2019, 06:17:09 AM |
|
I agree with all the things that you have provided. It is totally good to make own research about a certain investment or cryptocurrency and take note having enough knowledge will help you to avoid big losses. Make sure you will only invest the amount that you are not afraid to lose. I am also a holder but most of my holding is top rank cryptocurrencies just like bitcoin, ethereum, and ripple. it is totally good to hold if we experience bear market and do not do panic selling if you see rapid falling down of the price. I always remember that quote "Don’t put all your eggs in one basket" and actually my money is separate in different cryptocurrencies but the 50% of that is in bitcoin. Using any kind of trading tool will totally help you to become a better trader and lastly, keep on learning until you become a professional trader.
Thanks! Yeah, definitely only invest what you can afford to lose. I'm glad that HODLing is working for you - I mean, it is a proven strategy. Diversifying a portfolio (like yours is) is also important.
|
|
|
|
Taskford
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 14, 2019, 01:55:17 PM |
|
I agree with all the things that you have provided. It is totally good to make own research about a certain investment or cryptocurrency and take note having enough knowledge will help you to avoid big losses. Make sure you will only invest the amount that you are not afraid to lose. I am also a holder but most of my holding is top rank cryptocurrencies just like bitcoin, ethereum, and ripple. it is totally good to hold if we experience bear market and do not do panic selling if you see rapid falling down of the price. I always remember that quote "Don’t put all your eggs in one basket" and actually my money is separate in different cryptocurrencies but the 50% of that is in bitcoin. Using any kind of trading tool will totally help you to become a better trader and lastly, keep on learning until you become a professional trader.
Thanks! Yeah, definitely only invest what you can afford to lose. I'm glad that HODLing is working for you - I mean, it is a proven strategy. Diversifying a portfolio (like yours is) is also important. That is a good decision but in some cases you should consider the market situation since if you hold and the market is falling just like what happen last year for sure you will be emotially affected by the current situation. But if you consider on many things and be open minded then it will be suitable since for sure the person who hold are always the winner especially with bitcoins.
|
| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
|
|
|
Webetcoins
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 14, 2019, 03:07:50 PM |
|
I like those 5 points. Some additional things for a new investor are:
A) Keep in mind that for every trade, you lose money in fees. Also, every time you move money to and from an exchange, you lose money in fees. This has to be considered because it cuts into your profit.
B) Exchanges are inherently risky. You’re taking a chance on the exchanges getting hacked or stealing your money.
C) There may be tax implications when you make a profit from a trade depending on what country you live in. In America, you are supposed to track every trade and report it.
Indeed and no matter how much you are sure with your entry because you did a technical analysis and every TA you did gives a positive sign, and there is an event coming in their way, but when the Bitcoin dropped unexpectedly it will affect the coins/tokens that you are holding too, so we should also take this into consideration and always be ready when this happen, we should be alert in the market and not just buying and setting sell order. We cannot avoid unexpected changes in digital market but nothing is hundred percent random either. Bitcoin make abrupt changes but anyone with experience and knowledge can spot them. It would be better if he deals directly with bitcoin. He should hold some of it too. In my opinion, bitcoin should be the first choice of all investors. Risk management and mitigation strategies are a must with new coins.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
SquallLeonhart
Legendary
Offline
Activity: 2422
Merit: 1102
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 15, 2019, 01:33:37 PM |
|
As for diversifying your portfolio, I don't think that's really necessary if you have full knowledge of Bitcoin and investing in it alone. As long as you understand everything about Bitcoin and the risks that are involved you won't really have much problem with it. Moreover altcoins hardly brings much profit as BTC, and most of them don't go up when Bitcoin is down, they usually follow the direction of Bitcoin.
But, I'm really against your idea, it's still good, everyone has what works best for them. Some of us don't really value altcoins, and there are those that values it. So, if you value them, you can still go for it and diversify your portfolio. But, remember no altcoin will be good for long term holding. Simply, altcoins are here for trading or else for short term investments.
As for investments, that's for sure that anyone that wants to invest in cryptocurrency should invest what they can afford to risk. These crypto assets are volatile and you can lose your money within a short time.
|
|
|
|
Edraket31
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 16, 2019, 04:13:00 AM |
|
We cannot avoid unexpected changes in digital market but nothing is hundred percent random either. Bitcoin make abrupt changes but anyone with experience and knowledge can spot them. It would be better if he deals directly with bitcoin. He should hold some of it too. In my opinion, bitcoin should be the first choice of all investors. Risk management and mitigation strategies are a must with new coins.
If we are about to invest in cryptocurrency, agree with you that let's have Bitcoin in our wallet, this should be our priority as this is the King of crypto, it is dominance over others and for a decade still its number one. Other things to consider is to ask yourself first, are you aiming for short term or long term, as this has been very important, as not all altcoins are good to hold in long term and not all good to hold in short term, doing research, checking the team is really important as well.
|
|
|
|
Cherylstar86
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 16, 2019, 12:31:16 PM |
|
We cannot avoid unexpected changes in digital market but nothing is hundred percent random either. Bitcoin make abrupt changes but anyone with experience and knowledge can spot them. It would be better if he deals directly with bitcoin. He should hold some of it too. In my opinion, bitcoin should be the first choice of all investors. Risk management and mitigation strategies are a must with new coins.
If we are about to invest in cryptocurrency, agree with you that let's have Bitcoin in our wallet, this should be our priority as this is the King of crypto, it is dominance over others and for a decade still its number one. Other things to consider is to ask yourself first, are you aiming for short term or long term, as this has been very important, as not all altcoins are good to hold in long term and not all good to hold in short term, doing research, checking the team is really important as well. I don't think that only 5 things we need to know before trading process since many of us have our own perspective like strategies and techniques that we need to consider. Yes, bitcoin is the best choice bit there are a lot of crypto currency have a potential and can give a good and huge profit in the future.
|
|
|
|
Baby Dragon
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 896
Merit: 272
OWNR - Store all crypto in one app.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 16, 2019, 01:50:43 PM |
|
Crypto trading is not always successful, there will always be risks that we can't get rid of. These tips are helpful and necessary for us to overcome all the risks that we will encounter here. We should also know how to handle our emotions because crypto is unstable and is volatile. We must learn how to deal with every market situation and take it as an opportunity to earn. Doing your own research will be a good start for you to succeed in trading.
Trading will never be easy without enough knowledge. It's not like a single lesson where we can learn and apply everything. It's a continuous process of learning. We can't handle our emotions if we don't know how the market flows so before we start trading, we have to focus on gaining knowledge first. Well said, knowledge is the best tool that you can use to be successful in trading because it allows you to explore more things and acquire the thoughts and opinions of others. Trading is speculative and it depends on the person itself if they are willing to continue trading despite of facing difficulties and challenges. Some of you get confused sometimes about making decisions, it's okay but tries to look for some information online that can help you analyze things or ask for the experiences of others that can give you some idea to cope up with your problem. Sometimes, it depends on us if we wanted to make it riskier because we are the one who is making all the actions and decisions and sometimes we are just suffering the consequences.
|
| | | | BUY CRYPTO AT REASONABLE RATES▄▄███████▄▄ ▄█████▀█▀█████▄ ████ ▀████ ███████ ███ █████ ███████ ▀█████ ███████ ███ █████ ████ ▄████ ▀█████▄█▄█████▀ ▀▀███████▀▀ | ▄▄███████▄▄ ▄█████▀ ▀█████▄ ██████▀ ▀██████ ██████▀ ▀██████ █████▀ ▀█████ █████▀▀▄▄ ▄▄▀▀█████ █████▄ ▀ ▄█████ ▀█████▄ ▄█████▀ ▀▀███████▀▀ | ▄▄███████▄▄ ▄█████▀▀▀█████▄ ██████ ▐███████ ██████▌ ▀▀███████ █████▀ ▄████████ ████▄ ▀▀▀▀▀▀████ ███▌ ▄███ ▀█████████████▀ ▀▀███████▀▀ | & | OTHER COINS |
| | Partner of BITFINEX | | |
|
|
|
jazmuzika217
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 476
Merit: 12
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 16, 2019, 02:22:48 PM |
|
I think we should make it six things that you need to remember before trading crypto. All you said is true and I agree with that. But I think you forget the patience. All we know that those who have lot of patience are the one who become successful here in crypto industry. So always remember that you need to invest your patience also.
|
|
|
|
jamesndungu1
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 434
Merit: 25
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 16, 2019, 02:44:15 PM |
|
Trading in cryptos requires a lot of patience, commitment, and research. Crypto exchanges are coming up almost every other day which makes room for malicious individuals to introduce scams into the crypto market. It is imperative that you carry out extensive research to learn everything about an exchange before investing in it.Learn about the exchange’s availability in your area; see what other people are saying about their experience on the exchange, and, most importantly, find an exchange that prioritizes security and carries out verification procedures.
|
|
|
|
abel1337
Legendary
Offline
Activity: 2492
Merit: 1145
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 16, 2019, 03:00:35 PM |
|
Trading in cryptos requires a lot of patience, commitment, and research. Crypto exchanges are coming up almost every other day which makes room for malicious individuals to introduce scams into the crypto market. It is imperative that you carry out extensive research to learn everything about an exchange before investing in it.Learn about the exchange’s availability in your area; see what other people are saying about their experience on the exchange, and, most importantly, find an exchange that prioritizes security and carries out verification procedures.
It's our choice on where to pick the exchange we want, Traders don't choose a new exchange because of it's the risk of getting scammed or manipulated by a new exchange. New/existing traders should choice the well established and trusted exchanges Because they have many histories that make different traders being satisfied with their exchange. I only see a limited number of reason why traders choose to trade on a new exchange, The first thing I think is the availability of a new coin, Some starting coins are only established to a small exchanges and If we have that coin and want to sell it, Traders has no choice but to use a certain small exchange to make a trade to their new coin. The second reason is the promotion that exchange makes, This is what exchange owners make to grab attention to the traders and trying themselves to have many traders and to build up traffic into their exchange.
|
|
|
|
jostorres
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 16, 2019, 05:13:54 PM |
|
definitely only invest what you can afford to lose. I'm glad that HODLing is working for you - I mean, it is a proven strategy. Diversifying a portfolio (like yours is) is also important.
Holding works when you are dealing with coins that are worth holding, but there are some coins that you have to risk and use to trade in a short time before they dump because once they dump, you may never get that opportunity again to withdraw from them as the value would have been too low. It is very necessary to diversify because I don’t think we will make it that much if we rely on a particular altcoin, except maybe bitcoin that has covered it all, but it is a very wise thing to do when we share our money into coins that we can be sure will give profit yield in the future so that when a coin is yet to rise, the other one we diversify into can rise and give us the profit on investment with them, but we have to do a very good research in choosing this action of diversifying into many projects.
|
| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
|
|
|
ajaymukund
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 784
Merit: 10
https://streamies.io/
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 16, 2019, 06:43:12 PM |
|
5 things is still not enough. Real traders need to have a strong mentality and always be alert, never too out of their discipline. I think psychological factor is really the key to the success of traders. I had failed trades many times until I was determined to follow the plan and always kept a stable mentality when making transactions, the results were clearly different.
|
|
|
|
|