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Author Topic: How did YOU start trading in bitcoin?  (Read 1363 times)
Ultegra134
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February 01, 2021, 09:16:54 AM
 #21

I firstly started trading on Bitstamp by depositing €150, and some Bitcoin I had back then. It was 2016 or 2017 if I remember correctly. Made careful options and grew both my fiat and my Bitcoin balance.

I'm still using the same exchange, without withdrawing any cash, but reinvesting any profit I make. Be extra careful on your investments, know how much you can afford to lose, when you can take a loss and more importantly, don't be greedy.

 
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BIN-BIN
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February 01, 2021, 09:29:47 AM
 #22

Trading don't require so much unique skills because there is not sure way to trading and when it comes to bitcoin trading there is no sure way it all has to do with risk taking, but I will advice you to start with the basic that is buy low and sell high. And as time goes on you can develop your skill more and adopt other techniques.
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February 01, 2021, 10:13:27 AM
 #23

Welcome @tzutzik to the world of cryptocurrency, I am very happy if more and more people are planning to invest in Bitcoin. The first time
I started trading Bitcoin was probably 5 years ago, when I started trading on the Bittrex exchanges. I made my first deposit of $ 100. For
newbies I recommend trading on Binance exchanges for now, I also now trade Bitcoin more often on Binance exchange. Because it has complete
trading features, good support service and a sophisticated security system.

My advice for beginners is to start trading with a small capital, and use the money that you can afford to lose. If you can make 100% profit, can
increase the capital you use. And another important thing is to learn trading terms and how to analyze the market. If you can do it all, just waiting
for your time to become successful traders.

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February 01, 2021, 10:23:59 AM
 #24

Trading on trends means taking a position that corresponds to the current trend. If there was a bullish trend in the market , you would go long, and if there was a bearish trend, you would go short, you'd think of closing your position and opening a new one to match the emerging trend if this trend began to slow or reverse.
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February 01, 2021, 12:33:31 PM
 #25

I started trading Bitcoin when I joined different kinds of Alternate Cryptocurrency campaigns that allowed Newbies. I learned about the things that I can do within the Cryptocurrency Industry during joining that campaign and when I earned enough Alternate Cryptocurrencies, that is when I was allowed to trade them for Bitcoin. Its true that at first, earning Bitcoin would be hard but at least you are still earning even its not a lot.

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February 01, 2021, 09:38:21 PM
 #26

My trading journey with Bitcoin started when I tagged along with my long term friends who have happened to be starting trading with Bitcoin already so I basically watch them so the trading proper and learn all the essential thing and information that I needed to learn about trading and of course knowing the currency I want to trade which is Bitcoin. At first it looks pretty weird for me learning this thing but as time goes on I find myself already getting familiar on how it is done starting from basics, learning how to interpret market price charts, learn to do technical analysis and so on and so forth. You do really need to start from the basics to learn at least a bit of knowledge about it before doing engagement.

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February 02, 2021, 04:44:27 AM
 #27

Before trading in your bitcoin, you must first gain the right knowledge about trading. Because without the right knowledge you can lose your money in the new situation.You can take help of different types of groups and sites to learn about trading.So in my opinion it would be better to focus on learning about trading without investing in trading of bitcoin now.
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February 02, 2021, 05:07:16 AM
 #28

I started trading bitcoin when I saw my friend posting some crypto gains on his social media account. That is where he introduced me ccex exchange. He taught me the basics of trading and the risk of losing from it. I started trading with a small amount until I made some gains, joined some groups to know what crypto is good to exchange. That time I found out that there are some pump and dump groups that exist to pump the price of a particular coin.  I learned a lesson from this to not listen to those signal, they will tell you to buy this then after some time they will dump their holdings leaving you at a loss.

The only thing I can advice is don't try to learn to trade if you're afraid of losing. Cryptos are very volatile so anything can happen anytime. Research well before buying, not all of them are good for long term and short term.
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February 02, 2021, 06:04:38 AM
 #29

i started trading bitcoin since 2017, bitcoin price is low at that moment and i didnt invest more bitcoin in that year. I trade bitcoin through alternative coins and gain profit, i trade my bitcoin using other cypto currencies at c-cex,bittrex and poloniex in that time after that many trading sites and ICOs are engaging in this industry.

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February 02, 2021, 06:21:55 AM
 #30

I am starting trading in bitcoin coincidentally. After I can get a nice amount of satoshi from the faucet back in the old-time, I think about how to change it into local fiat. So I search for a way to do that, and I found out that we need to sell it into fiat, and then we can send it into a bank account. I also found that we can sell our bitcoin to the sellers and find local sellers to help us convert into fiat.

The first thing you need to have is trading skills because that is the only way you can analyze the market and find the coin to trade and make a profit. You need to learn from many sources, and you should search for yourself because that will depend on how we can understand each lesson that we got. You need to remember to buy low and sell high, which is the basic thing in trading, but to do that way, you need to learn how to know when the low price comes. I am sure people can start trading easily, and they can also have a chance to profit in trading.

 
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CryptopreneurBrainboss
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February 02, 2021, 06:27:46 AM
 #31

You do not a big capital for starting but you need to know how to reinvest the profit that you will get in investing and trading until it become bigger and bigger this is what we do most of here.

Why does he/she have to go through the stress of learning all that when he can simply invests his funds into bitcoin by buying them from exchange or via peer2peer from trusted individuals and store them in his wallet. We make the whole concept of profiting form bitcoin complicated and that's what drive a lot of newbies from joining the industry. Bitcoin isn't all about trading before you can become profitable in the industry.

From research it has been proven that the holders make more gains than the traders and obviously it can been seen if you spent some time doing your own personal research or experiment. With trading you risk getting rekted each time you enter the market. No matter how professional you become, there are days the trade won't just go your way but that's unlikely with investing provided you can have the patience to hold through your intended timeframe. There's highly possibility of bitcoin been higher than its current price in 5-10 years from now.

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GideonGono
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February 02, 2021, 07:36:35 AM
 #32

Hello everyone!  Grin
I am a starting player at the BTCitcoin trading world- haven't bought any yet.
 Just a young man looking for investing his money from high school, and I don't know where to start! Smiley

How did you start trading in bitcoin?
How could I do that too?
Do you have any tips for begginers?
 
 Huh


Happy 2021 -Tzutzik
I started with some of my salary and with faucet back then and tried trading it with fiat at first BTC-Fiat or vice versa.
You could start with only small amount don't aim too high and only invest what you could afford and also take time to study the market don't let your emotion get you when you are trading.
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February 02, 2021, 07:39:11 AM
 #33

Welcome to the world of huge probabilities of earning money by investing in Bitcoin and other cryptocurrencies. My advice is to do some study about the crypto market. Learn how it moves and what are the factors that affect the market. Learn some basics and fundamentals of the market. I have learned about cryptos from this forum there are many threads for beginners to study and follow.

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February 02, 2021, 09:54:34 AM
 #34

Hello everyone!  Grin
I am a starting player at the BTCitcoin trading world- haven't bought any yet.
 Just a young man looking for investing his money from high school, and I don't know where to start! Smiley

How did you start trading in bitcoin?
How could I do that too?
Do you have any tips for begginers?
 
 Huh


Happy 2021 -Tzutzik

I started knowing about cryptocurrency first before jumping into trading, I get interested in bitcoin since its the most popular cryptocurrency and the market value is just going up.

After that, I do my research trading, and other things like ICO in the past years, to get started trading you need to have a small capital or big capital if you cant but in my case, I joined signature campaigns to get altcoins and then sell them to have the capital to start trading it in the market.

The basic strategy was just buying low and selling high in the market just buy any cryptocurrency and then hold it until the market price increases and then sell it to gain profit, if your good at that already you could try trading with margin, or future.
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February 02, 2021, 06:18:30 PM
 #35

I got familar with bitcoin trading when i was studying in colleges. At that time Price was 256$.
I searched for btc,its value and how to trade. Bitcointalk forum give ma such a great help to understand. I started investing and now i am enjoying real earning.
I known when to buy when to sell and how to het profit.

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February 02, 2021, 06:41:55 PM
 #36

Hello everyone!  Grin
I am a starting player at the BTCitcoin trading world- haven't bought any yet.
 Just a young man looking for investing his money from high school, and I don't know where to start! Smiley

How did you start trading in bitcoin?
How could I do that too?
Do you have any tips for begginers?
 
 Huh


Happy 2021 -Tzutzik
My bitcoin trading history began a couple of years ago when I was 21. My friends talked a lot about cryptocurrency, but I hesitated to invest in bitcoin. I was searching for a lot of information about which cryptocurrency is better to invest in, how to do it correctly, and stuff like this. But I made up my mind and it was the best decision!

I advise you to read more about what it is and how it works before you start trading. Because without this knowledge it'll be difficult for you to trade. If you're interested in it, then I can send a list of useful articles that once helped me.

I wish you good luck, buddy! Wink
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February 02, 2021, 07:04:18 PM
 #37

My journey of Bitcoin trading starts about 1 year ago,and how did I start Bitcoin trading.actully one of my friends already were trading on cryptocurrency ,and Forex trading as well and and he was earning so much From Bitcoin trading,so one he also used to say me and teach me trading of Bitcoin,than I started trading from very low amount like 50$ Dollars,and my that amount had been finished about 3 trades, again I invested more amount ,and started.like that I'm a trader of Bitcoin and other cryptocurrency,and I'm not saying I'm a good trader and I earn huge profit like that,but I'm earning profit and i like Bitcoin trading.
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February 02, 2021, 07:25:34 PM
 #38

It's quite a long process of learning for me. I started trading without any idea about it so I was eager to do my own research by reading articles and watching trading videos on Youtube. It was confusing at first but you have to trust the process. I studied all the trading terms and technical analysis as well as the possible movements of the coins that I'm investing with. It's better to start with just a small amount because it's critical in the beginning. Just trust your guts and have the eagerness to learn because aside from your funds, the best capital that you should have is knowledge.
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February 02, 2021, 09:26:54 PM
 #39

I started trading through my own research and study. At first it was very difficult because I really don't know how to trade. So, I just give it a try like just playing using an old coin like dogecoin and litecoin. I try to put a buy and sell order in just a small amount as a practice. Of course I always lost but never give up and try again until I understand how trading works. I learn step by step and slowly through monitoring the price movement and the graph. In trading you can start even with small capital and if you have enough knowledge about it , you will surely grow your small capital to a bigger one.

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February 02, 2021, 09:36:23 PM
 #40

everyone who first joins the cryptocurrency ecosystem must be quite confused. This is indeed a difficult journey, but don't worry, as long as you are disciplined in reading and don't hurry, you can adapt well to this ecosystem.

my first time to know bitcoin from friends and news on the internet. At first, I hesitated, I tried and then stopped, but then chose to focus when I needed more income for my life.

start with a lot of reading, you can search for some topics that you want to learn as a beginner https://bitcointalk.org/index.php?board=39.0
make sure you understand the risks, do not easily believe investment offers from people you do not know, many scammers.

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