How did YOU start trading in bitcoin?

[Lorokan]

Hello everyone! 
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!

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

Happy 2021 -Tzutzik

I started trading bitcoin by buying from  people; selling on binance and taking profits in fiats (peer2peer transactions).  Soon enough i got very acquainted with how to buy and sell; then i started doing the same for etherum and altcoins; then i took up trading classes on youtube that helped me with chart creation and interpretation which led me to trade consistently, the good thing is i am still learning.

This topic will help you alot; do your research and continue to learn.

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[SirLancelot]

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!

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

For you to start trading cryptocurrency you will need money first, money that is meant for only to trade and that’s the money you know can lose it anytime and not bother much about it. Then you have to read how it’s being done, or you can watch some YouTube videos to quickly get the hang of it. Another thing would be to find a good exchange, and I recommend Binance or Coinbase, there are also people who prefers to make use of DEX's, but that’s only recommended when you’re experienced enough to go into it. That’s a choice you will make for yourself.

[tastycereal]

Of course, in trading, it is only right that in the beginning, you have to choose an exchange where you will trade well for your future coins. Just for example for BTC and ETH, you can trade it in kucoin, which is also one of the most popular exchanges.

But before anything else, it is best to do some research first and look for reviews about exchanges to avoid frustration.

Because there are instances where there are traders who lose money, so it is really good that you are in a trusted exchange like I mentioned. And you should really choose the biggest and most well-known option.

You must be prepared for the volatile market. There are reliable sources where you can see the price of crypto, whether it is down or up. Because, before putting your money into a coin it is a good idea to study the assets.

[SacriFries11]

Be sure to start trading bitcoin not in peak condition. My point is not to buy bitcoin when the price is already high. For beginners like you,
there are many lessons you need to understand about bitcoin. Before entering the trade, there is much to know about criptocurrency
terms that will confuse you. Always beware of many scammers in this crypto.

He can start buy simple buying bitcoin even its not as low it is. This forum will help him a lot how make a right trade.
I'm not be able to easily enter trading since I have no money to trade and I'm not comfortable in trading with my money that might lose if I enter in the wrong trade. At first I was be able to trade with small amount of money and focus in learning about the right entry and exit. Learn about different signals and indicators and compared it to make the right choose in trading. Binance is the only crypto exchange site that I personally recommend.

[freed.james33]

Hello everyone! 
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!

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

Happy 2021 -Tzutzik

Here's my top 3 tips every beginner should understand about Bitcoin
[1] Study about Bitcoin - The first and the foremost thing that every novice should do is the study entirely about bitcoins. Getting to know all the details about cryptocurrency and bitcoins becomes important when you are investing in it for the first time.

[2] Understanding the transaction process - The very first time you create your Bitcoin wallet, you will be given a private key that can be used to access your data. As a beginner, you must understand that all the information related to your money will be available on the public ledger, and nothing is going to be confidential. Only the username and the password of the Bitcoin wallet will be e kept as private information. So, you must not be surprised if the transactions that you are getting displayed on the dashboard of the public ledger.

[3] Do not be surprised if you lose the Bitcoin - Sometimes the price of the BTC can drop down immediately, and you may incur losses, and your Bitcoin wallet can go to negative. Do not be surprised, or do not even panic! This is how Bitcoin works, and as you start mining, the more you get the hang of all these things easily.

[XavierHunt]

My pals introduced me to Bitcoin back in 2018 and thought me how the real way to buy one since a lot of multi level marketing and scams are being made using bitcoin as their method of persuading people to give them money.

Just have a solid trading platform which is available in your location.
A solid hardware wallet or cold storage in which the private keys are in your possession esp if you gonna hold for long term
And patience, a lot of it!

[raji1995naya]

Hello everyone! 
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!

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

Happy 2021 -Tzutzik

What should you do first is you have to make your own rules to trading. As an example, if you are so greedy you cant win this game. And you have to be patient more than a normal person. Coz the thing is This trading field is a device for transferring money from the impatient to the patient.
Then you have to learn technical analysis. You can use the trading view as a chart analyzer. You can learn technical analysis from youtube. There are many. Then you have to be a fundamental analyzer. Simply You have to read the news and understand the effect of the news on the Coin that you trade.
I just simply describe this but you have to work hard for this. And please don't deposit early. At least analyze the market for 6 months and make a sense of it.

[Lanatsa]

I started trading in bitcoin when in 2014 I saw many opportunities that could make me rich, from bitcoin I learned little by little and was able to get bitcoin from the faucet, finally in 2015 I tried to learn more in this forum, and until currently I still survive and trade in bitcoin. trading in bitcoin is very fun because we can get a lot of profit unexpectedly.

When it comes to money making opportunity or making profits then trading would really be good for neither short term or long term aspects.Depends on the person whom do deal with it.

This is definitely giving out that kind of chance for someone to make profits in a short time or even making themselves rich depending on how they are really trading that well.

I remember when I do start up into this market is on where I do saw one of my friends gains and then able to have thought on myself that I could also do the same thing.
It might not start out to be fine in first try which is expected but later on I do able to have some good grasp on it.

[Janation]

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

I started through shillings that I got in some faucets.

But I didn't trade that suddenly, I am working at that time and when I saw that the price is having a great movement, I started to invest in it and did some small trading to other altcoins. For sure you could do it since all of us started to as a beginner. My only tip is that it is not always a good day so you should not think that it will always be profit since you could also lose in a day.

[redsun114]

Welcome to the community and although I feel you are a touch late getting into the crypto world but from past I have learned that its late late to get into crypto trading so hope you do well.

My own crypto trading story started when BTC-E was still operating and I used to sell and buy bitcoins and make some profits but after the introduction of altcoins I started to take even more risks and although I have had a decent share of profits with altcoins, I would suggest learning about the project you invest deeply because even the best looking ideas fail and even the horrible ones pay off.

As for tips, I believe there are already so many suggestions so I will refrain from repeating the same thing but be careful and if you by any chance you are trying to get into futures trading be absolutely sure of what you are doing.

[tygeade]

I started trading in bitcoin when in 2014 I saw many opportunities that could make me rich, from bitcoin I learned little by little and was able to get bitcoin from the faucet, finally in 2015 I tried to learn more in this forum, and until currently I still survive and trade in bitcoin. trading in bitcoin is very fun because we can get a lot of profit unexpectedly.

It has been 7 years for you since you are trading but the thing I don't like is that you called it "fun" to trade. Don't get me wrong and maybe because you are trading small amounts you call it funny but someone like me who trades for living and buy and sell multiple coins a day and stress all night about which coins will pump and which ones will dump. Its not easy being a trader if you are doing it seriously and for living.

I started trading some years ago and can't recall the exact year but I was more of an investor and less of a trader as I used to buy as many bitcoins possible and later when the bull run was going on, I used to sell some and again wait for the market to drop down for buying.

[Inkdatar]

I started when my friend introduces crypto he shares knowledge on how crypto works and how to trade some coins. When I become interested to learn new things by that time I’m watching videos on how to trade getting some technical analysis on how we can enter the market. So in you a newbie should not be in a hurry gather some knowledge first before you trade in bitcoin. Learn also the management risks since crpro market is volatile.

[Natsuu]

I started trading in bitcoin when in 2014 I saw many opportunities that could make me rich, from bitcoin I learned little by little and was able to get bitcoin from the faucet, finally in 2015 I tried to learn more in this forum, and until currently I still survive and trade in bitcoin. trading in bitcoin is very fun because we can get a lot of profit unexpectedly.

It has been 7 years for you since you are trading but the thing I don't like is that you called it "fun" to trade. Don't get me wrong and maybe because you are trading small amounts you call it funny but someone like me who trades for living and buy and sell multiple coins a day and stress all night about which coins will pump and which ones will dump. Its not easy being a trader if you are doing it seriously and for living.

I started trading some years ago and can't recall the exact year but I was more of an investor and less of a trader as I used to buy as many bitcoins possible and later when the bull run was going on, I used to sell some and again wait for the market to drop down for buying.

Don't lump your own problems to others, as you are the one who gets stressed by trading. Nobody blames you for doing the trades and nobody blames you for doing it for your own living.

Yeah we can see that you struggle to get a successful trade as your food in the table are in stake for every move you make, but it is not necessary for every one of us. One of the main rules of trading is to not make it as your main source of income. So don't generalize everything as trading is meant for additional income in the first place.

[justdimin]

People should realize that "how" you started is not important, how you kept going will decide on your future in trading. You could be lucky and bought bitcoin at 10k and sold at 40k during the past 7 or so months, that would mean you made x4 return in half a year and you may think to yourself that you are a great trader and you are a great investor, you might have been buying and selling and making a huge profit during this period as well, so your "start" would be making huge profits.

However reality is that we are in a situation where doing something right for a short period of time do not decide who you are and how you will trade in the future, just because you did great trading today doesn't mean that you will do great trading tomorrow neither, you will have to keep focusing on making more and more profits. Obviously it is not going to be easy but you have to keep grinding and learning in order to keep making a profit.

[AicecreaME]

How did you start trading in bitcoin?

I started Trading in Bitcoin when all of my friends are Trading in Binance Futures. I got curious, and started to do full time trading since then. I do Day Trading when I'm not that busy, and scalping when I'm super busy.

How could I do that too?

Don't keep on asking if you can, just start Trading already while you're learning how to do the rest.

Do you have any tips for begginers?

Don't Trade a huge amount of capital at first, use small amount until you know what you're doing. Then increase your funds, and make profits. Don't be greedy as well, set your goal profit per day.

[jostorres]

I started through shillings that I got in some faucets.

But I didn't trade that suddenly, I am working at that time and when I saw that the price is having a great movement, I started to invest in it and did some small trading to other altcoins. For sure you could do it since all of us started to as a beginner. My only tip is that it is not always a good day so you should not think that it will always be profit since you could also lose in a day.

Shilling is not that bad, it is a good way to start because it is always that way, even on early days when we were trying to convince people that bitcoin was a good thing, many thought that we were "shilling" even though the word wasn't used for this purpose back in those days, everyone that says "bitcoin is awesome, you should check it out and put a bit of money in it" are actually shilling for bitcoin, does that make bitcoin bad? Of course not bitcoin is awesome, which means just because someone shills for something doesn't mean that it is a bad coin.

If you see shilling that makes sense, that is just suggesting a coin that could actually be a decent advice, but if you see shilling like "LOOK HERE, THERE IS THIS COIN, COME BUY IT" and so forth type of low level shilling that is just bad version. I got into bitcoin via bitcoin shilling honestly, but it was about mining, people were talking about how I could make 10-20 bucks with my laptop if I just mined this "bitcoin" thing and that is how I started.

[SaveOurSea]

starting bitcoin trading is very simple, just register on Binance and do deposit with your fiat,
then you can start trading bitcoin on binance, without trading knowledge we can get caught up in the whales game,
therefore learning about TA is very important and don't forget to always try it!

[darewaller]

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!

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

People get in at very different periods, its not really that weird to see that some people get in at 2012 and never made a dime but some people who got in at 2017 peak who we assume would make the most losses, ended up with a lot of profit. Of course there are many examples of the reverse as well, there are many people who made a profit from buying early on and many who lost during crashes but that is not the rule, there are many different people.

So, I think when you start doesn't really matter, or not even how you start matters, it depends on what you did afterwards. I have a friend who got in at 20k in bitcoin during 2017 peak, he bought 7 bitcoins, he started to lose so he started to do TA trading and bought and sold altcoins for the past 3-4 years and now he has 50+ bitcoins, dude didn't give up and ran away, he kept grinding more and more, everyone should try to do that.

[ice098]

I started trading in bitcoin when in 2014 I saw many opportunities that could make me rich, from bitcoin I learned little by little and was able to get bitcoin from the faucet, finally in 2015 I tried to learn more in this forum, and until currently I still survive and trade in bitcoin. trading in bitcoin is very fun because we can get a lot of profit unexpectedly.

I stated last 2013, where faucet give us free bitcoin and eth, I am using my free time searching for profitable BTC even it will only give you 0.00004 every 15min to an hr, I don't think that it will go up high as the price of it now, so I am very shocked that it is getting near to $43,000 it is very far from what I first see that, and that time people think that bitcoin is only a form of scam and used in some illegal operations, so they are afraid to use and invest on that.

[SquallLeonhart]

I remember back in 2014 and so forth it was really a lot of news, I think I was in a lot before that but never really took it "too seriously" as a financial thing, for me it was a coding and software thing, I was always in love with blockchain and I still am to this day, it is definitely one of the best technological findings in the financial world ever, and that is why I think it got the first attention.

Of course over time people realized that they could also make money with it, but I am not sure if it was really the first thing that made bitcoin what it is today. After a while I bought and sold stuff using bitcoin so it wasn't really trading but I was keeping my balances all on BTC so I kinda did see it go up and down, while on my wallet and eventually that turned into putting it on some alts I like and switch back or go into something else etc and I realized I was basically trading few hours a day almost every day.