Some important tips about the bitcoin market

[Rokon5]

You must be knowledge on Bitcoin because profit and loss will depend on how much knowledge on bitcoin market.I will say understand the bitcoin market,build a good plan and manage this plan.

[Rehan Zakir]

Thanks for sharing this useful tips.
Most of the beginners in this market cannot follows some rules and waste their money. The big reason of their failure  is that they cannot follow on their knowledge. They just follow on the income.
But if you follows some rules in the trading you can becomes a professional trader in a short period of time.

[vintages]

NEVER follow the crowd or act on impulse, we have seen the market drain down because of this.
If you need a QUICK cash, don't bother investing or trading on bitcoin. You will end up failing woefully, it's not been negative but that's how it fortunately and unfortunately works.
if you are not too sure of the altcoin to invest in, it's best to purchase bitcoin and hold unto it.

[Asuspawer09]

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

Buying as much as you can is the way to go because the bitcoin market price is pumping through years and it's difficult to get a high volume of bitcoin when the market price is too high in the market.

Buying and not waiting for the fall is I think not always a good thing to do, it's better to invest in a cheaper price for a higher profit in the future than investing in portions in most cases the earlier your entry the better.

You could just save money and then wait for the correction in the market and then invest when fall for a higher potential profit, it's not the best thing to do to invest at the top 30k$ is better than 42k$ the difference in profit is also high.

[panganib999]

NEVER follow the crowd or act on impulse, we have seen the market drain down because of this.
If you need a QUICK cash, don't bother investing or trading on bitcoin. You will end up failing woefully, it's not been negative but that's how it fortunately and unfortunately works.
if you are not too sure of the altcoin to invest in, it's best to purchase bitcoin and hold unto it.

I agree. This is only one of the many options you may take in order to gai and have bitcoin. There are several effective ways to earn and to get bitcoin. You can do investment, play gambling and also tradings. Bitcoin is currently in a high value right now so it is not advisable to buy but if you really want it is up to you. Bitcoin is not in it's all time high because it decreases somehow as of now but many traders believe that in the next few months or a year it will make another all time high of its value. It's up to you wether what you want to use in order tp have bitcoin but do some research about it. Cryptocurrency is a very risky thing.

[jacobjorden]

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

As my point of view that
 
Small Start Out. ...
Pick your Stable Wallet. ...
The Market's analysis. ...
A Trading Strategy Decides. ...
With benefit goals and Stop-Loss orders, be strict. ...
Use Extreme Caution Leverage. ...
Diversify With Different Cryptocurrencies. ...
Bitcoin Buy and Keep.

[wxa7115]

My advice to friends (based on experience)

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

You will be supposed not to lose if you are not doing this emotionally. What drives you into making bad decisions because we are sometimes been influenced by our emotions. But if we are in full control of this feeling, it is too far from the possible losses.
We need to be strong, we need to keep our mindset positive in order to stay proactive otherwise, that never gives an excuse to lose.

Letting your emotions take control of you is always a mistake when it comes to trading the markets, most the time this happens when people do not really have a strategy to guide them about what to do, they see the market crashing and they do not know what to do, they are confused because the market is not doing what they want and now they will have to face that mistake, do they admit that they made a mistake or do they keep holding their coins thinking that the market is going to turn around?

This is always a question that traders need to ask themselves when they make a mistake but if you have a system then you will get an answer immediately and you will follow it without involving your emotions, but if you do not have such system then you're going to let your emotions take control and most likely you're going to make yet another mistake.

[angrynerd88]

I think It is pertinent to each perspective of life. It could be a good hone to control feeling day by day because it makes strides your choices in life and doing it on the advertise will donate you great comes about. I accept that most crypto clients have experienced laments in their buying and offering cost, Feelings do influence individuals particularly on the off chance that they are unused to this unstable showcase and surging up buying and offering.I believe that crypto market is volatile so before investing must go with proper research and invest wisely.

[ninabobo]

Based on my experience with bitcoin markets the more you hold and persistence the more you acquire from it. Numerous bitcoin financial backers got data/tips about bitcoin markets, the progression of bitcoin by essentially understanding articles, news, and asking in bitcoin organization. on how the bitcoin market functions and how to acquire benefit .a portion of those bitcoin financial backers recruited a bitcoin master/analyzer with the goal that they will get a high benefit when they contribute more bitcoins.

[shoreno]

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

xv
Buying as much as you can is the way to go because the bitcoin market price is pumping through years and it's difficult to get a high volume of bitcoin when the market price is too high in the market.

thats why he put it in the number one because it is the best tip among all tips that he numerate . your tip was also noice , i think this is the pitfall of many users because they wait and hope for the fall of the price thinking that they can save but what happens is that they only waited to see the price getting higher  .

the 10k era is gone and we are now in the 40k era , if i were them i will buy now before the 40k era dissapeared and replaced by 50k era .

[Casdinyard]

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

xv
Buying as much as you can is the way to go because the bitcoin market price is pumping through years and it's difficult to get a high volume of bitcoin when the market price is too high in the market.

thats why he put it in the number one because it is the best tip among all tips that he numerate . your tip was also noice , i think this is the pitfall of many users because they wait and hope for the fall of the price thinking that they can save but what happens is that they only waited to see the price getting higher  .

the 10k era is gone and we are now in the 40k era , if i were them i will buy now before the 40k era dissapeared and replaced by 50k era .

Not yet assured of things in this market knowing that the market is volatile in nature. Consistency is lacking in this industry and the market price always has the possibility to fall everytime. Possibility is just possibility and we do not hold any assurance of the next movement. No matter how we want this market to behave in a way in accordance with our own likeness, the market could behave in such way even in the most unexpected way. In my perspective, I am anticipating a downfall, in order to be able to invest more in this industry. The price is too expensive at this moment, and many investors are now anxious of the next movement.

[kryptqnick]

I think we should really stop focusing so much on buying Bitcoin because what's the point of buying if you have to sell it at some point to actually use it? We need to focus on adoption of Bitcoin as money, and whether it's growing with BTC's growth of popularity. It's also important to address the issues that prevent large-scale adoption, such as very expensive fees which are the case whenever there's high traffic.
And if we're talking about investing, I think that buying only what you can afford to lose is a better advice than buying as much as you can.

[isaac_clarke22]

~

Hold up. Do not buy as much as you "can". Buy if those money you hold are worth losing, OP.
The last number is the guilt of the many actually. Emotional trading is quite common here in crypto and it's unavoidable sometimes. That's most of my weakness back then. Hard to overcome.
Most of the items in the list are "buy on low and sell on high" situation.

I remember when I panicked back then because it felt like recoveries aren't a thing adding up that Bitcoin price is unstable in nature.
I want to add up as well that people shouldn't worship celebrities and their words about something. Being driven by celebrities to do your decision is not a good thing.
Their reputation doesn't tell that they're always right about something.

[Yatsan]

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

Those mentioned are considerably correct and flawlessly understandable for a certain individual specially for the starters to take those advice but remember those comes with a great responsibility and you must attain prior knowledge before doing engagement for the reason that those advices will not possibly work if you certainly do not know what you are doing. Better acquire knowledge first before anything else. Just for clarification, buying as much as you can must have certain limitations that you must know by yourself and that is your capacity based on the funds that you have. Only spend what you can and do not exceed your limitations. Doing all aspects driven by emotions will not create a desirable outcome so better get rid of including emotions on doing decisions and enjoy what you are doing as well as trust the process.

[Kelvinid]

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

for now when you want to buy on the floor you have to wait a long time, because we can see if the price is currently in an uptrend. buying on the floor means waiting for the correction, and we don't know when the correction will occur because this cannot be confirmed and predicted

Buying now is a high risk but if you can manage to handle your funds, it is not a problem. I know that is a good idea to buy at a low price, not during the hypes but you are wasting a lot of time waiting for that moment to come.

Only buy the amount that you are able to lose, that was our goal today. In fact, we have another option to take, altcoins are around us, many of them are potentially profitable. Why we should have to focus on Bitcoin if we can make it to altcoins which is probably of the same results?

[AniviaBtc]

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.

"Don't put all your eggs in one basket" that's what most of the people said which is really true.

There are a lot of possible source of income besides bitcoin and you should invest on those other coins that progress in the market.

Also, be patient and disciplined about your assets so that you can somehow control your emotions and avoid doing things that will make you regret after.

[tinopener]

My advice to friends (based on experience)

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

We all need more tips on this one

[ivankoh]

Rushing doesn't mean you are acting emotionally and being emotional doesn't mean you are rushing in the market.

Sure, if you are dominated by emotions, then the reason will not easily give you an advantage to choose.  This does not mean that a benefit is born so that you can immediately gain advantage.  Investing is a long-term plan that requires more than patience to have success in crypto.  My advice is, don't click if you don't have reason and calculation.  Stop lose is always necessary not only in trading but also in investments.  Take your stops and always make the plan available to every situation.

[wxa7115]

I think we should really stop focusing so much on buying Bitcoin because what's the point of buying if you have to sell it at some point to actually use it? We need to focus on adoption of Bitcoin as money, and whether it's growing with BTC's growth of popularity. It's also important to address the issues that prevent large-scale adoption, such as very expensive fees which are the case whenever there's high traffic.

But there is nothing we can do to increase adoption except to be willing to spend our bitcoin, after all only merchants can choose to accept bitcoin on their business and until there is enough demand for that adoption will keep being left behind, also when we take into account the fees that we need to pay every time the network is busy this does not help the popularity of bitcoin as money, we really need for merchants to begin to use the lightning network otherwise bitcoin will never succeed as money due to the large fees and the slow confirmation speed.

And if we're talking about investing, I think that buying only what you can afford to lose is a better advice than buying as much as you can.

Many people talk about only investing what you can afford to lose but except for those that are already extremely wealthy that is an advice no one follows, after all if you are investing all your savings in the markets you cannot really afford to lose it right? At the end you need to take a risk but as long as it is a calculated one then it is fine.

[ice098]

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

for now when you want to buy on the floor you have to wait a long time, because we can see if the price is currently in an uptrend. buying on the floor means waiting for the correction, and we don't know when the correction will occur because this cannot be confirmed and predicted

Suprisingly but yes the market of bitcoin was currently on an uptrend and its market value were continue climbing to highest ATH. Waiting to buy in the floor price may take quite long but if in case happens it may only corrected in an small amount i guess and another thing to consider was when does this price correction may happen. Well i just have to believe that bitcoin were already known by many huge investors and attracted them to invest in it that's why we couldn't predict when this price correction may take place.