Some important tips about the bitcoin market

[mr_ROBOTT]

My advice to friends (based on experience)

1.Buy as much as you can
2.Buy on the floor, but do not wait for correction or fall.
3.Do not do anything for the price of tetra and dollars…
4.If it comes down to a short time that you bought at a reasonable price….
5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar.
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose


If you have any suggestions, let us all know so we can use this experience.
Thanks

[Upgrade00]

1.Buy as much as you can

You're better of buying what you can afford to lose. Investments are huge risks and you should only put spare money into it.

If you have any suggestions, let us all know so we can use this experience.
Thanks

My advice would be for anyone considering buying into Bitcoin, to do their own research on what it is, how it works, how to securely hold it, etcetera. A lot of newbies jump in cause of fomo or cause someone adviced them to, without fully understanding how Bitcoin works.

[Youghoor]

My advice to friends (based on experience)

1.Buy as much as you can
2.Buy on the floor, but do not wait for correction or fall.
3.Do not do anything for the price of tetra and dollars…
4.If it comes down to a short time that you bought at a reasonable price….
5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar.
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose


If you have any suggestions, let us all know so we can use this experience.
Thanks

All you need is knowledge and understanding. Without these two elements, no amount of important tips can really help you in the Bitcoin market. Knowledge and understanding will let you know when to buy or invest and when to sell. Knowledge and understanding also helps you to develop plans and strategies to suit the current market pattern of the market. Tips are just addons, they don't really influence the profits or loses you are gonna make.

[boyptc]

My advice to friends (based on experience)

1.Buy as much as you can
2.Buy on the floor, but do not wait for correction or fall.

A correction is inevitable and we'll always tackle with it most of the time whenever we see a surge in the price of bitcoin. It's always advisable to buy at the dip or during the correction.

Isn't it the floor is likely as correction or a dip?

[Oilacris]

My advice to friends (based on experience)

1.Buy as much as you can
2.Buy on the floor, but do not wait for correction or fall.
3.Do not do anything for the price of tetra and dollars…
4.If it comes down to a short time that you bought at a reasonable price….
5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar.
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose


If you have any suggestions, let us all know so we can use this experience.
Thanks

1. = always invest on the amount you can afford to lose, dont get all in or risk your life savings
2. = Falling prices doesnt indicate that it is the best time to buy.
3. = No common on this one
4-6. This do talks about on self decisions basing of your experience.

Just dont let yourself too greedy and set up goals and as long you do make out profits then that what matter most.

[adzino]

My advice to friends (based on experience)

1.Buy as much as you can
2.Buy on the floor, but do not wait for correction or fall.
3.Do not do anything for the price of tetra and dollars…
4.If it comes down to a short time that you bought at a reasonable price….
5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar.
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose


If you have any suggestions, let us all know so we can use this experience.
Thanks

1. As long as you can AFFORD to lose it. If i have $10,000 it doesn't mean I should buy $10,000 worth of bitcoin. I would if I can afford to.
2. Or you could wait for correction or fall. Some events might trigger the price to drop. If you are aware of such events that is about to take place, then wait.
3. Not sure what does this even mean.
4. huh?
5. You are now starting to make no sense.
6. Gibberish.

[BigBoy89]

My advice to friends (based on experience)

1.Buy as much as you can
2.Buy on the floor, but do not wait for correction or fall.
3.Do not do anything for the price of tetra and dollars…
4.If it comes down to a short time that you bought at a reasonable price….
5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar.
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose


If you have any suggestions, let us all know so we can use this experience.
Thanks

I agree with you about fiat-crypto comparison after you bought it.

But IMO a man should buy only the amount he's ready to lose! This is an investment as anything else, and we shouldn't be reckless!

[yohananaomi]

My advice to friends (based on experience)

1.Buy as much as you can
2.Buy on the floor, but do not wait for correction or fall.
3.Do not do anything for the price of tetra and dollars…
4.If it comes down to a short time that you bought at a reasonable price….
5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar.
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose


If you have any suggestions, let us all know so we can use this experience.
Thanks

You give very good advice but all of course will be based on the current situation, we know like bitcoin with a high enough price it is impossible for what you say to be fully implemented because of course it is very risky and requires large enough funds. all applications will always be determined by the circumstances and situations when what we are going to do is not general, because it will not be possible to be all the same in the situation when we are going to execute.

*/
Thank you for your advice and keep improving when you see the need

[maydna]

You can buy as much as you can, but you must know what the risk is, so you can prepare if the worst thing happens to you or see the price drops significantly. Buy on the floor is right, but we will see that is not easy to find the lowest price to buy, so you can only buy after you make analysis, and no matter what price you place the order buy or sell, you should not regret it. Do not panic if you see bitcoin price drops, but you should stay calm for a while to see if you have a chance to buy more or you need to wait for a while.

[cyriljundos]

Based on my experience in bitcoin markets the more you hold and patience the more you gain from it. ,Many bitcoin investors got informations/tips about bitcoin markets,flow of bitcoin by simply reading articles,news and asking in bitcoin org. on how bitcoin market works and how to gain profit .some of those bitcoin investors hired bitcoin expert/analyzer so that they will got high profit when they invest more bitcoins.

[tbct_mt2]

1.Buy as much as you can

Buy as much as you can from your own money, and from your spare money. At least, you should never take any loan to buy crypto and should have enough reserved money to use in life.

2.Buy on the floor, but do not wait for correction or fall.

You said opposite things in your sentence. I know it is challenging to be correct and buy at floors but buying at dips is wisely and to do that you must wait for corrections or pull-backs. To wait, you need to have patience.

3.Do not do anything for the price of tetra and dollars…

What is tetra?

4.If it comes down to a short time that you bought at a reasonable price….
5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar.

I am not sure that I understand it.

6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose

Sure. Trade or invest emotionally cause losses. Two weapons for you: Stop-loss and Stop-limit orders.

One of the Best Weapons in Trading
What Is a Stop-Limit Order?

[cryptohezy]

1.Buy as much as you can

You're better of buying what you can afford to lose. Investments are huge risks and you should only put spare money into it.

If you have any suggestions, let us all know so we can use this experience.
Thanks

My advice would be for anyone considering buying into Bitcoin, to do their own research on what it is, how it works, how to securely hold it, etcetera. A lot of newbies jump in cause of fomo or cause someone adviced them to, without fully understanding how Bitcoin works.

Can anyone  explain to me, this strategic bitcoin trading video https://www.youtube.com/watch?v=eHtJ4I4S4Vc
 How he makes 3.5 times his money (on a $100 investment) when the coin went up a 3.5%?

Dave..

[arwin100]

My advice to friends (based on experience)

1.Buy as much as you can
2.Buy on the floor, but do not wait for correction or fall.
3.Do not do anything for the price of tetra and dollars…
4.If it comes down to a short time that you bought at a reasonable price….
5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar.
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose


If you have any suggestions, let us all know so we can use this experience.
Thanks

Your advice is so complicated since there are various reasons that needed to consider and your statements sometimes really not necessarily needed to do. Since we should buy some bitcoins which we think we can afford since if we buy using all of our fortune then it's a big mess for us if the market crash and, I'm sure you cannot get yourself calm when you see your fortune melting for the said crash.

[Question123]

Most of the advice is similar to the others who are created a thread giving advice to the crypto user. But it is good that they have people who are concern to the others who are willing to share their knowledge about bitcoin or crypto. We know some people take advatanges to the new crypto user like scammer they continue scamming beginners for their own sake and I hope they stop of what they are doing and change their bad habit and better to help people who needs help instead of taking advatanges to them.

[Upgrade00]

Can anyone  explain to me, this strategic bitcoin trading video https://www.youtube.com/watch?v=eHtJ4I4S4Vc
 How he makes 3.5 times his money (on a $100 investment) when the coin went up a 3.5%?

The trader was probably suggesting leverage was used. When leveraging; you get to trade more money than you invest at a certain ratio, like 1:10. This means for every $1 you put in, you have a 10× leverage meaning $10 to trade with, and your profit would be based on $10$ not your actual trade amount.
This is quite risky as your losses are also based on your leverage, so if you lose 10% of your leveraged $10, you have basically lost your entire initial deposit.

[rokon1234]

Totall number of your advice is really usefull of a crypto trader.Many new traders also not khow about trading.I'm sure your all tips will helped newbie traders.

[Alucard1]

A lot of beginners are now coming into the world of crypto and advice is good for them. Buying bitcoin is such good advice as of these days but it would be better if they have to wait first for the price to go down, $35k is still a huge amount of money and it could still go down if you want to earn money then spend your time observing the market that will make you better in earning good money in bitcoin.

[taufik123]

All the tips that you mentioned will certainly be very helpful when trading. But the last tip you mentioned about emotional or psychological is a very important one and will affect all of them. Because strategies and decisions in trading depend on how to manage emotionally so you can choose the right choice and don't be too greedy.

For some other tips you might forget to mention about doing capital management. Because capital management will be very influential and save you from the bear market.

[irixo10]

I would like to add, buying with as much as you can afford to lose; when people start getting, understanding and/or implementing this concept, they will be more guided and directed into investing or buying the right way. There is no essence buying with everything you have just to gain more and when the market dumps, you start panicking and at the long run, selling at lose, but if you buy with what you can afford, you will be better suited to make good decisions such as when the market dumps, you will hardly be disturbed but look towards the future. Also, I wish to add to number 2, that is, if someone is looking towards long term, I think it is quite better waiting for correction unless it is in the case of institutional investors. I do not quite understand point 3, but I think holding Tether for long term is not a good idea and lastly, the point 6 is very important, emotions needs to be put in check.

[Becky666]

<snip>
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose

This should be applicable to both the buy and sell, attaching emotions in cryptocurrency don't usually end up in good. There was a similar case when i apply this to my bitcoin sales during the early days of the market raise during December, 2020 but got myself blamed after my sold, so, hold for a long term without panic irrespective of market volatility should be embrace. As a beginner, don't ever attach emotions during the buy and sale of bitcoin(cryptocurrencies).