An advice for newbies and plebs

[zaesvlas]

The most important thing for a beginner is definitely the learning process. When I started working with a broker from Amarkets, I devoted enough time to this, thanks to a demo account.

[peter0425]

The general rule in financial advises: you dont borrow money to invest.  Invest whatever is left after: 1. Paying off bills   2.  Setting aside emergency fund for 3 to 6 months.  3. Paying off debts.  Then any extra, you invest.

Only invest what you can afford to lose. What if the investment went bad. You would be buried in debts.

Good advice, using free money then make our psychological more calm. Especially for investment it means we are planning finances for the long term, which happens today many from beginner investors who feel disturbed due to price fluctuations, especially see a drastic decline, then his emotions are turbulent, even though this is just a reasonable market reaction. therefore using personal money will be petrified we overcome the problem of weak mentality

actually we can also use not free money but the funds we can afford to dispose or lose, like for example bonuses from work? or something we earn from Side Lines

this is how i started my venture here in crypto because way back I am really in despair and has a limited income, so my wife never let me take small part from my wages to invest here.

what i did is find literal extra jobs so i can make my venture here and in my success? here i am now completely doing my things here.

[TheUltraElite]

The most important thing for a beginner is definitely the learning process.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

[nur rochid]

The most important thing for a beginner is definitely the learning process.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

when we get to know cryptocurrency, of course we imagine something fun, I think it's a normal thing, but we also have to be smart in dealing with it, this means we have to understand about crypto before investing. the most important thing to pay attention to is psychological, where we must be able to restrain ourselves with personal analysis to enter or exit the market

[CapGelatik]

The most important thing for a beginner is definitely the learning process.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

when we get to know cryptocurrency, of course we imagine something fun, I think it's a normal thing, but we also have to be smart in dealing with it, this means we have to understand about crypto before investing. the most important thing to pay attention to is psychological, where we must be able to restrain ourselves with personal analysis to enter or exit the market

Be it before starting to invest or trade I think it is very important to understand it first,
Besides that, it is also necessary for beginners to prepare both knowledge, skills, and psychology as well.
Crypto is very risky and if we trade or invest without any preparation it will most likely be easy to lose money so it's better to minimize the risk from the start

[Slow death]

The most important thing for a beginner is definitely the learning process.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

when we get to know cryptocurrency, of course we imagine something fun, I think it's a normal thing, but we also have to be smart in dealing with it, this means we have to understand about crypto before investing. the most important thing to pay attention to is psychological, where we must be able to restrain ourselves with personal analysis to enter or exit the market

this is a dangerous market due to high volatility, let's take as an example today where the price was at $34763 and in a few hours it started to drop a lot to the point of reaching $31,000, we are talking about a big price drop and if the price drops below $30,000 then we will see panic selling that could drag to $20,000... by which I mean that the most important thing is to have a notion of technical analysis to know where the main supports and resistances of the price of bitcoin to be able to make better decisions

[Franctoshi]

Most people on Crypto Twitter, YouTube , telegram channels and even I was actually thinking that this cycle is gonna be a bit different from the cycles we've had before, but base on the current situation in the market right now, I agree with you #100% that this cycle has indeed follow suit the other cycles we've had in the past years and Looking at the entire market it seems everything is gonna ball down to 2023 and eventually take off 2024 after Halving.

Therefore Investors really have to take proactive measures in securing their funds maybe focus more on shorting the market or keep loading up their bags while Bitcoin and other coins gets cheaper.

[Dessy88]

One of the reasons i am with you is that a few days after the end of the bear market the number of investors suddenly dropped. At that time almost all currencies had a dip value. However there are a lot of new traders who just jump on the bandwagon of investing or trading on the word of others so I want to tell them to learn from their own consciousness because bear market will come to the fore.

[Wawa2013]

The most important thing for a beginner is definitely the learning process.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

when we get to know cryptocurrency, of course we imagine something fun, I think it's a normal thing, but we also have to be smart in dealing with it, this means we have to understand about crypto before investing. the most important thing to pay attention to is psychological, where we must be able to restrain ourselves with personal analysis to enter or exit the market

Be it before starting to invest or trade I think it is very important to understand it first,
Besides that, it is also necessary for beginners to prepare both knowledge, skills, and psychology as well.
Crypto is very risky and if we trade or invest without any preparation it will most likely be easy to lose money so it's better to minimize the risk from the start

Knowledge and experience are very important in the crypto world, as crypto movements are highly volatile. We can see Bitcoin is currently continuing
to fall very quickly in the past few days, now the Bitcoin price is at $31k. If we do not have good knowledge of crypto, of course we will panic to see
the price of Bitcoin dropping so deep right now. That is the importance of knowledge that must be learned by anyone who will enter the world of crypto.

I, who have been in the crypto world for a long time, have never stopped learning about crypto. Moreover, newbies are highly recommended to learn
at least basic knowledge about crypto before deciding to invest or trade. Many newbies experience big losses when they first enter the crypto world,
it's because they don't have good knowledge about the crypto world, so they don't understand how the crypto world works. I agree with you we should
be careful when deciding whether to invest or trade, prepare everything well. Maybe we will still suffer losses, but at least we can minimize the losses
we experience and understand how to fix every mistake we make.

[carlfebz2]

One of the reasons i am with you is that a few days after the end of the bear market the number of investors suddenly dropped. At that time almost all currencies had a dip value. However there are a lot of new traders who just jump on the bandwagon of investing or trading on the word of others so I want to tell them to learn from their own consciousness because bear market will come to the fore.

Lets say on that bear market is currently happening as of this moment on where price had dipped down so hard which there's a possibility that we might go even way more lower this time.No one had anticipated

that we would really be going low this hard on this particular year considering that we had some good run on last years and hope that it would continue for this year but we are seeing the opposite thing
this time.

Advice for noobs or new people into this market is that they should really be aware on how unpredictable and volatile this market is.Dont put yourself on high hopes
on making profits because this isnt something simple that could really be attained.

[sensimilia]

There's still a long way to go for this year to end and then 2023 will come. I'll save as much as I can and would buy bitcoin at the dip when the bear has hits  it again.

This year and 2023 don't look like bear is taking over. This year with what is happening with news about making bitcoin as legal in some countries, it is seem that if bitcoin is acceptable to the level of legal status, then many investors will buy and bitcoin will increase. The halving is also getting approaching by next year, the volatility will increase and the price may go more highs. Buying now maybe a good buy 

If we look at this, we will see that if we look here, it will not only be like the posts here, but there are many legal issues to correct them, if we give importance to more institutions, then here in Bitcoins, money. A lot can be seen, but if it is available for the organization, it is good, but it will flow in two economic ways. There are many aspects to be taken care of for the situation.

[martyns]

The most important thing for a beginner is definitely the learning process.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

The learning process is always complex for newbies who are not serious in the space. For a newbie to be serious, you needs the basis of Crypto to progress in the space. When the market is down, buy low and sell high in the bull market. Newbies need impatience in the space, if you are keeping Hodl of a coin, continue to hold because this is the market, you never can tell what will be the next target of the coin. Bullish moved are sometimes trapped moves for investors. Newbies needs a strong mindset on how to deal with the market when it's in dump.

[Fatunad]

The most important thing for a beginner is definitely the learning process.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

The learning process is always complex for newbies who are not serious in the space. For a newbie to be serious, you needs the basis of Crypto to progress in the space. When the market is down, buy low and sell high in the bull market. Newbies need impatience in the space, if you are keeping Hodl of a coin, continue to hold because this is the market, you never can tell what will be the next target of the coin. Bullish moved are sometimes trapped moves for investors. Newbies needs a strong mindset on how to deal with the market when it's in dump.

When you dont really have that passion to learn then you would really be having that kind of hurrying approach which isnt really that recommended because its really prone to mistakes or errors
thats why its better to be slow but having that assured thing kind of approach when dealing with the market.This isnt something that you could deal easily and its not really something
that you could really learn up in a short span of time.Just be slow and be sure on how you do deal up with things and be careful about being that impulsive kind of behavior.

[Kimonoe]

The most important thing for a beginner is definitely the learning process.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

The learning process is always complex for newbies who are not serious in the space. For a newbie to be serious, you needs the basis of Crypto to progress in the space. When the market is down, buy low and sell high in the bull market. Newbies need impatience in the space, if you are keeping Hodl of a coin, continue to hold because this is the market, you never can tell what will be the next target of the coin. Bullish moved are sometimes trapped moves for investors. Newbies needs a strong mindset on how to deal with the market when it's in dump.

but as long as we hold the coin safe, I think as long as it is also not wrong to buy, it's just that this is not good for day traders, because they have to really take advantage of small opportunities to make profits every day. Unlike investors, where it is better to hold it until you get a profit according to the target, holding it is also not as easy as we imagine because it requires patience and strong emotions.

[Pandu Geddon]

but as long as we hold the coin safe, I think as long as it is also not wrong to buy, it's just that this is not good for day traders, because they have to really take advantage of small opportunities to make profits every day. Unlike investors, where it is better to hold it until you get a profit according to the target, holding it is also not as easy as we imagine because it requires patience and strong emotions.

in not so good conditions I guess trading can be temporarily suspended, and prepare for long term investment assets.
if you want to continue trading, I think playing futures trading with small capital can be done to make a profit. For spot trading, of course, it will be very risky if you have to survive a bad market situation.

[xSkylarx]

The most important thing for a beginner is definitely the learning process.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

when we get to know cryptocurrency, of course we imagine something fun, I think it's a normal thing, but we also have to be smart in dealing with it, this means we have to understand about crypto before investing. the most important thing to pay attention to is psychological, where we must be able to restrain ourselves with personal analysis to enter or exit the market

This is like saying trading is easy, but when you tackle the basics of trading you will say that it isn't easy because you need some patience to do it. This is the same with crypto in that you will say it is easy to earn from it, but later on it isn't. For all things in terms of investing, you really need knowledge first before jumping into it or having your money invested in it, because without knowledge you will lose your capital.

[kapalmabur]

but as long as we hold the coin safe, I think as long as it is also not wrong to buy, it's just that this is not good for day traders, because they have to really take advantage of small opportunities to make profits every day. Unlike investors, where it is better to hold it until you get a profit according to the target, holding it is also not as easy as we imagine because it requires patience and strong emotions.

in not so good conditions I guess trading can be temporarily suspended, and prepare for long term investment assets.
if you want to continue trading, I think playing futures trading with small capital can be done to make a profit. For spot trading, of course, it will be very risky if you have to survive a bad market situation.

By looking at the current market conditions, it is indeed very risky to trade and if you continue to do so of course the consequence is losing money,
we must be wise in doing something in the midst of conditions like this,
Moreover, we also don't know how long this condition will continue

[sklopan]

The most important task for a trader, as for me, is training. For a beginner, this aspect plays a crucial role and requires maximum attention.

[Fatunad]

The most important task for a trader, as for me, is training. For a beginner, this aspect plays a crucial role and requires maximum attention.

Experience is the key and should really be the thing that you would be minding off specially when you are just starting up because having a good grasps into something which are engaging
where it is really that sensible for you to learn up things along the way and able to earn up enough experience for you to make yourself somewhat effective into this field because if you dont
then you would really be having a hard time on dealing with price volatileness and unpredictability.

[Kasabus]

Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.

Day trading is not that profitable anymore, the reason why many of us here preferred long term trading instead. Though we are expecting the market to follow bullish and market cycle, but it seems that the market will always have a long term duration of bear market these days, this is why long term hodling is encouraged. However, knowing the market is very unpredictable, so let's grab every opportunity that comes and make profit when the timing is right.