Some important tips about the bitcoin market

[famososMuertos]

The best advice is to ask yourself why I should go to the bitcoin market, the term buy what you can and sell when it is profitable is a premise that unleashes false hopes for newbies who come to bitcoin.

Make it organic buy when you really can and sell when necessary, financial reality forces you, but that's the point, if that happens something is not right in your availability of money to invest, because bitcoin is an investment to long term.

The bitcoin market in its daily trade is open to everyone, but ask yourself first do you have the correct capital, the experience, do you have the ability to accept losses, etc ... not everyone knows how to survive that opening, we must think about our abilities.

[verita1]

Investing in bitcoin is taking risks.
The invested capital depending on your possibilities.
Do not abuse your limits when investing.
If you think about bitcoin, you should be aware of its behavior in the short, medium and long term. Because now there is a lot of interest in large investors in bitcoin and they are buying and their mission is to protect their capital for the future.
Relax, do your own safe-site search, and join the party.

[DarkDays]

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.

Right on point on how the emotional state of a person can influence their trading hand/s. I think, perhaps this is the most important point about trading and going into crypto in general even if it is for long-term holding.

The mind is an important asset, so a good strategies could save you money, stress and LIFE itself.

[michellee]

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

Number 1, you need to know how to manage your money and not buy as much as you can because you will not know when the price will up and down. If you buy using that strategy, you will lose a chance to buy more when the price down.
Number 2, it is better to wait for correction because you can buy the coin at a discount price.
Number 6, you need to manage your emotion in trading, such as panic, because that can cause you to make a rash decision while you do not know the market's real situations.
I am not sure about the other number

[Olivia Wolff]

The most important things in the Bitcoin market:
1. Learn as much as possible.
2. Be careful, because it's easy to fall for scammers and hackers.
3. Be patient. It's very important in this matter because you'll never get a good result right away.

[Innerpumper]

7. Don't panic

of us often hear others to buy this coin without any clear news. If there is no good news it is better not to buy it if only a flash pump occurs or we will regret it. However, if we are calm in predicting it will make us profit without having to think about losing.

[maculeth]

It has been 2 times that bitcoin has crashed and then it is pumped, from that experience we should be able to analyze that the right moment to buy is when the price drops dramatically because it will definitely go up again.

[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

1. Start from a small level
2. Get enough savings before
3. Learn how to make technical analysis
4. Stay updated with currency news and events
5. Don’t listen to others

[wxa7115]

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.

Right on point on how the emotional state of a person can influence their trading hand/s. I think, perhaps this is the most important point about trading and going into crypto in general even if it is for long-term holding.

The mind is an important asset, so a good strategies could save you money, stress and LIFE itself.

Emotional control is a skill that is often overlooked and yet it is one of the most important skills you can have, people worry too much about entry and exit signals and finding the perfect strategy and while there are reasons to worry about that your emotional control is everything, after all even if you have the perfect strategy what is the point if you are not going to follow it just because you are in panic? At that point all of the research that you made is useless and it would have been better that you dedicated time to improve your emotional control.

However this is not easy because as we know the markets move on emotions and it is easy to let those emotions overwhelm you especially when the market is moving against you.

[vintages]

1. Start from a small level
2. Get enough savings before

I don't understand what you mean by small level but if I may say, now, in Bitcoin, there is no small level. Just dont wait for it, buy in any chance you get.
And again, you don't have to wait till you save up, $5 dollar Bitcoin now can worth thousands in years to come. Therefore waiting to get enough savings before buying equals to not buying at all. Or even missing out buying with a good price.

[Ludmilla_rose1995]

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

the first point is heretical advice. buying as much as you can using all your money is stupid. it is a high risk. Better to set aside some money to buy bitcoins and do it more often as long-term savings.

[gabbie2010]

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

the first point is heretical advice. buying as much as you can using all your money is stupid. it is a high risk. Better to set aside some money to buy bitcoins and do it more often as long-term savings.

Bitcoin and other cryptos are high risk investment advising a newbie to buy as much as they can is not proper and may be disastrous in the long run especially those buying at the peak, recall in 2017 when bitcoin peaked a lot of newbies bought with massive funds that time at that price while relying on speculations that the price will reached $50K unfortunately the price dumped a lot of them sold with a massive losses, while I agreed with the OP on dealing with emotion when trading because it is big challenge for traders especially newbies.

[Ludmilla_rose1995]

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

the first point is heretical advice. buying as much as you can using all your money is stupid. it is a high risk. Better to set aside some money to buy bitcoins and do it more often as long-term savings.

Bitcoin and other cryptos are high risk investment advising a newbie to buy as much as they can is not proper and may be disastrous in the long run especially those buying at the peak, recall in 2017 when bitcoin peaked a lot of newbies bought with massive funds that time at that price while relying on speculations that the price will reached $50K unfortunately the price dumped a lot of them sold with a massive losses, while I agreed with the OP on dealing with emotion when trading because it is big challenge for traders especially newbies.

Many beginners are trapped in bitcoin FOMO without thinking about the risk of losing. It's best if newbies don't put all their money into investing. I say this because I have experienced it in 2017. where I bought a lot of ethereum at the highest price. I had to wait 4 years for the price to recover. and that's a very big risk.

[Issa56]

Currently bitcoin is doing well and this is the best time to Buy bitcoin which lot's of people think Bitcoin price is too high and they are waiting for correction or dump before they buy, but I will advise you to buy now and don't wait for dump which I believe it won't be possible I don't think Bitcoin will dump now so the next bull run will be massive. So if you are really interested in buying bitcoin I believe this is the right time to bag more and wait for the bull run, Bitcoin will be massive in the next few months don't miss it out. But if you are trading don't trade with emotions if you trade with emotions you will definitely be trading at lose which is very bad as a investor or as a trader.

[sayaya17]

When a person's knowledge is already a lot about crypto, then one will not hesitate to invest in bitcoin, as you suggested, of course they will do so,
it's just that the most important thing is to buy bitcoin according to the capabilities of the time, one more thing, it  might  be  better  if a  trader or
investor does not take out a loan to invest in bitcoin, this is the best thing.

[wxa7115]

1. Start from a small level
2. Get enough savings before

I don't understand what you mean by small level but if I may say, now, in Bitcoin, there is no small level. Just dont wait for it, buy in any chance you get.
And again, you don't have to wait till you save up, $5 dollar Bitcoin now can worth thousands in years to come. Therefore waiting to get enough savings before buying equals to not buying at all. Or even missing out buying with a good price.

I don't think that he is talking about the price of bitcoin he's talking about the capital that you use on each one of your trades, it is very common for newbies to use all of their capital on their trades and as soon as they make a mistake they lose so much money that they get desperate and begin to make additional mistakes.

It is way better to begin your journey as a trader or investor with a small amount of money that way if you happen to make a mistake that mistake is not going to be as costly, you're not going to get as upset and finally you are going to learn something from that experience, something which is invaluable in the markets.

[TribalBob]

1. Buy as many as you can
You are right to buy as many coins as there are, but here there must also be a purchase basis and the potential for whether it will be profitable in the future, if we buy the existing coins wrongly we will experience losses, even though we buy cheap at first

2. Buy on the floor, but don't wait for corrections or falls.
well this is sometimes difficult for me to guess, sometimes I like to be trapped in this time

[gregy45]

1. First of all, you need to decide on the cryptocurrency on which you want to earn money. There is no common rule here, almost any token has the ability to go up sharply, and then just as quickly collapse. A novice crypto investor can only predict these movements with a lot of luck. But you can do something to protect your investments.
At first, it is better to choose a currency that has been around for a long time and is in demand among traders-like Bitcoin or Ethereum. They usually do not grow in price as quickly as altcoins — little-known cryptocurrencies, but it is easier to find a buyer for them if you urgently need to sell tokens.

2. When choosing a cryptocurrency and an exchange, do not get carried away with absolutely fantastically generous offers. Crypt is, of course, a special world, but there is no free cheese here either. If they promise super profits - look for what the catch is.
Typical signs of dubious crypto projects:
- The people identified in the project team have not previously met in the news of the crypto world. In some cases, the project team can even find the faces of famous actors with completely different names — this, however, is quite an outstanding precedent.
- The creators of the cryptocurrency promise a guaranteed profit. Most likely, it is a pyramid.
- The repository with the project code on GitHub is almost not updated. This means that either the project itself does not exist at all, or no one is engaged in it.

3. Crypto wallets are used for storing tokens. And more — save all your passwords and codes that you see when you create and use a wallet. For your own safety, the developers of many wallets show them only once. You can even write them down on paper if you are sure that you will not lose them.

4. It is very important that all your operations with the crypt go through a secure communication channel. If you access the exchange's website via public Wi-Fi, criminals can intercept information about transactions or spoof the Internet page to steal your assets.

[bitcoinokulu]

Bitcoin is not for the impatient types.

You shouldn't advice people to buy what they can and hold if they're patient because nobody knows if they are able to hold until they get tested by a real market winter.

Usually people set goals for themselves and when these goals fail they get frustrated, give up and blame the whole world but not their own stupidity.

[jasonjm]

1. Buy as many as you can
You are right to buy as many coins as there are, but here there must also be a purchase basis and the potential for whether it will be profitable in the future, if we buy the existing coins wrongly we will experience losses, even though we buy cheap at first

2. Buy on the floor, but don't wait for corrections or falls.
well this is sometimes difficult for me to guess, sometimes I like to be trapped in this time

Well, the amount of bitcoin to be acquired depend on the investment you have and the time on which you are investing in the market. If you invest at the right time there are chances to get good profit but if you already bought at a higher rate than, chances are that you might not get enough profit .