Essential one to new traders in Crypto currency

[usekevin]

Every day some people get into the crypto currency trading.They come to know about cryptocurrency from their friends or relatives.They start trading with some capital and when the bear market comes,their balance will be reduced some value.After seeing a small loss,they will cash out the money and fly from crypto currency trading.The following steps will help such new people to avoid loss from the crypto currency trading.

1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.

2.You have to learn trading by using a little amount of dollars in practical experience.You should not consider such money as loss.After you learn trading,you can earn 10-20x of the loss money.

3.Stock market will give you profit lesser as compared to crypto currency.You can earn 10-30x of investments by investing on potential crypto currency.You should ready to hold till the expected profit had gained into your wallet.

4.Holding for longer period with some patience is most essential one in crypto currency trading.Because the market flow is purely based on the demand and investment to the cryptocurrency.It may vary on every quarter of the year,mostly it started to increase after the first quarter.Mostly after the month of April in every year.

5.When the market volatility is high,the market flow will be maximum.You can get profit at any point of the market flow.If you are ready to hold for the longer period,the profit would be maximum then you had expected from your investment.

[1714541664]

1714541664

[1714541664]

1714541664

[1714541664]

1714541664

[Bitcoin_Arena]

1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.

I think you are mistaken here. If there is anything true, it's actually the opposite. Cryptocurrency markets are more volatile and therefore one can make a higher ROI in a short period of time as compared to stocks where they may have to wait longer.

For example, Bitcoin moved from $16K later last year to about 31K recently, and it's not even a bull run. How many stocks can make such a move in just a few months?

[SamReomo]

You are absolutely right many newbies leave the crypto market after losing their capital in bear markets. They don't have proper knowledge about crypto trading and start crypto trading without getting the necessary skills that a trader must have.

I agree that crypto is way more volatile than stock market, and in crypto market any bear run could impact the price of a coin way more than 20-40% in a few days. Many pump and dump coins lose more than 99% of their value in such bear markets.

Buying at right time and holding for a long time is the only working way to earn in crypto market for new traders. Experienced traders can earn from crypto market in bear markets as well, and the earnings from crypto market are way higher than any other market. There is no luck in crypto world, only those traders win who can control their emotions, and do everything with proper planning.

[mk4]

Not sure if these advices are useful at all simply because it doesn't apply to all coins/tokens. With most coins/tokens the best strategy is to get out quickly after a certain amount of percentage increase; the holding for long periods part is mostly only with bitcoin and a select few altcoins.

[hd49728]

Not sure if these advices are useful at all simply because it doesn't apply to all coins/tokens. With most coins/tokens the best strategy is to get out quickly after a certain amount of percentage increase; the holding for long periods part is mostly only with bitcoin and a select few altcoins.

It starts with how people do their research, analysis and decide to begin trading with a coin / token. Their initial reason and plan to start trading will decide how long they will be ready to let their position opens and their capital will still be safe.

If they have no plan at all, they are gambling and they can try to let their position opens with hope to get profit. In fact they don't have plan to close their position and exit the market just to protect their initial capital. That will lead to serious loss if market goes bad enough.

[dansus021]

In my opinion, all market is the same there is a moment when you gain and also there is a moment you lose, no matter if you newbie or a pro. The only different is our personal technique to tackle the market. Like money management, trading indicators, and so on.

But in the case here some new trader is lack of knowledge so they end up losing and leaving the market. whereas to become pro trader we need time to gain more knowledge and testing many things and lose sometimes

[Husires]

I respect your advice, but then it is misleading, and let's start from number 5. The high market volatility means that liquidity can pump and disappear in a short time, so it is the wrong time to invest because it is the end of the wave, and then you will only find yourself on the beach and not in the middle of the sea, meaning that it is a period of money withdrawal and not pumping it.

1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.

Here is spot trading and futures trading, and therefore the same options. On the contrary, making profits in the cryptocurrency market is fast because trading is not stopped on the currency, as is done in stocks that rise or fall by more than 20%.

2.You have to learn trading by using a little amount of dollars in practical experience.You should not consider such money as loss.After you learn trading,you can earn 10-20x of the loss money.

Only invest in money that you do not need or that you are not afraid of losing.

3.Stock market will give you profit lesser as compared to crypto currency.You can earn 10-30x of investments by investing on potential crypto currency.You should ready to hold till the expected profit had gained into your wallet.

This is true, but it comes with greater risks.

[@sriyan]

Every day some people get into the crypto currency trading.They come to know about cryptocurrency from their friends or relatives.They start trading with some capital and when the bear market comes,their balance will be reduced some value.After seeing a small loss,they will cash out the money and fly from crypto currency trading.The following steps will help such new people to avoid loss from the crypto currency trading.

1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.

2.You have to learn trading by using a little amount of dollars in practical experience.You should not consider such money as loss.After you learn trading,you can earn 10-20x of the loss money.

3.Stock market will give you profit lesser as compared to crypto currency.You can earn 10-30x of investments by investing on potential crypto currency.You should ready to hold till the expected profit had gained into your wallet.

4.Holding for longer period with some patience is most essential one in crypto currency trading.Because the market flow is purely based on the demand and investment to the cryptocurrency.It may vary on every quarter of the year,mostly it started to increase after the first quarter.Mostly after the month of April in every year.

5.When the market volatility is high,the market flow will be maximum.You can get profit at any point of the market flow.If you are ready to hold for the longer period,the profit would be maximum then you had expected from your investment.

I think the main one is protecting your capital from heavy losses. Also, follow good risk management and use only 2% of the capital for trading. Patience is the key as well.

[Lorence.xD]

In my opinion, all market is the same there is a moment when you gain and also there is a moment you lose, no matter if you newbie or a pro. The only different is our personal technique to tackle the market. Like money management, trading indicators, and so on.

But in the case here some new trader is lack of knowledge so they end up losing and leaving the market. whereas to become pro trader we need time to gain more knowledge and testing many things and lose sometimes

Not only about techniques, it will be differ with knowledge also if you don't know how to handle losses then it might lead you to loss more in the future with your emotional stability. Plus the afford to risk your funds also counts as it will affect your decision making since your anxious to put your money in the market. But it's common for newbies to have losses it's up to them if it will continue as they pursue to be part of crypto industry. Even what you called pro trader started as them so don't be afraid to risk and still put money that you afford to lose.

[palle11]

5.When the market volatility is high,the market flow will be maximum.You can get profit at any point of the market flow.If you are ready to hold for the longer period,the profit would be maximum then you had expected from your investment.

This is the expectation of every experienced hodler of crypto coins but unfortunately not all understand that. The challenge however is not knowing when that volatility will come and that is why at the little drop some people will panic and sell. The market could be manipulated some how for weaker hands to run out and that is exactly what happens sometimes with the price.

[Ndabagi01]

1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.

When compared to the stock market, cryptocurrency volatility is substantial. If it were possible to gain 5% profit in the stock market in a short period of time. In cryptocurrency, you'll earn more in some coins, particularly those that are usually pumped.

2.You have to learn trading by using a little amount of dollars in practical experience.You should not consider such money as loss.After you learn trading,you can earn 10-20x of the loss money.

This is where most newbies make mistake, investing all the money they own into cryptocurrency. Even the master traders feel bad when they lose some significant amount of money in trading, so a newbie will feel uninterested and will leave the market sooner than expected.

[lionheart78]

Every day some people get into the crypto currency trading.They come to know about cryptocurrency from their friends or relatives.They start trading with some capital and when the bear market comes,their balance will be reduced some value.After seeing a small loss,they will cash out the money and fly from crypto currency trading.The following steps will help such new people to avoid loss from the crypto currency trading.

1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.

Lol, you sure about this?  Cryptocurrency is highly volatile, speculative trading stuff.  Cryptocurrency depending on what coins or tokens you are invested with can be either very short term to very long term investment.  When I say very short term, shitcoins are often good for weeks or few months of investment, if you failed to sync with the market, you will lose the value of your holdings since the market will become worthless once the pump and dump is executed.  Cryptocurrency is more volatile than the stock market and cryptocurrency market is open 24/7 while the stock market isn't.

2.You have to learn trading by using a little amount of dollars in practical experience.You should not consider such money as loss.After you learn trading,you can earn 10-20x of the loss money.

If we don't have money, we can use dummy and demo accounts to simulate and practice trading.  There are sites dedicated to this.  You can just google a demo trading account and the internet will give you lists of sites where you can create demo accounts for the practice.

[hyudien]

You are right on some things maybe even more if you want. But all of that is based on the ideal of a suitable trader in crypto trading. Because some people who are carried away by ambition actually fall down with considerable losses. The reason is when you are able to control your mind in crypto trading, all other aspects will be easy to control too. Beginner traders come with the aim of getting instant profits because they are matched with experienced influencers, as a result many conclude negatively that crypto trading is like gambling.

[mvdheuvel1983]

3.Stock market will give you profit lesser as compared to crypto currency.You can earn 10-30x of investments by investing on potential crypto currency.You should ready to hold till the expected profit had gained into your wallet.

True, there's is more reward in crypto trading than in stock trading. And the reason is quite obvious. Stability in the stock market compared with the crypto market. Lower risks in the stock market, compared with the crypto market.
Although, I like to think that we would see the crypto market looking more like the stock market if eventually it becomes regulated. We would see less volatility, meaning less risks.

[Flexystar]

Definitely we can say that it’s all about Volatility of the crypto currencies. So whatever is explained in the first two points has got direct relation with that only. The problem with the new traders in crypto is, they will follow what they learnt in the share market. It’s highly uncertain market. For the decentralised coins it’s always high volatility and no one can control the market at all, the volume could be very high at times while it could be less at the other times. But in many instances the new comer would just think it’s the old strategy they have to implement and they go all in without second thoughts. They definitely lose before they could get hang of it.

[MFahad]

You are right that a person can only learn when he become engaged in practical use because just knowledge cannot teach you everything sometimes practice is necessary. Sometimes individuals of crypto does not succeed and are unable to get what he wants because he doesn't have any experience but he just read about it and hear about it through which one cannot get complete knowledge. Success will be only attain when you also engage in actual field and work for it by using your money.

[tjtonmoy]

If they don't have the will to wait and sell at a panic. Then they are better of the platform. This is why in every situation, it is important to gather the knowledge first. But most importantly, gain a control over emotions. In the long run, this is what's important. You need a mindset not to sell when the market is low, just hodl till you have reached your target profits.
Sounds easy, but what made you do it? Emotions.
Also it is important to gather experience. But they just want to learn and earn from their first trades. You can't do the both at the same time mate. First comes the proper knowledge, then the experience, and lastly if used correctly, you can earn profits.

[AnonBitCoiner]

Hearing about crypto from relatives and friends is not the actual thing but it is necessary to learn before starting because sometimes people start trading and investment but they don't know rules and regulations so they fail to get the benefit.

People should keep in mind that quick benefit is not possible but one should do all possible efforts and use their active mind and concentrate on market conditions so therefore they will be easily achieve the better outcomes.

Getting profit and losing money is the part of this so we cannot ignore these two factors but it depends on our decisions that what we try to get.

[bittraffic]

One piece of advice I have read and I kept reminding myself about it that new traders should also realize before diving in is that there is a cycle of bull runs and bear markets. When the goal is to avoid loss, it's the investment timing and then waiting for that is to point out for them.

The volatility can be used to advantage but usually, it's BTC that has high volatility even in the bear market.

[Pandu Geddon]

4.Holding for longer period with some patience is most essential one in crypto currency trading.Because the market flow is purely based on the demand and investment to the cryptocurrency.It may vary on every quarter of the year,mostly it started to increase after the first quarter.Mostly after the month of April in every year.

trading will be a bit different than investing. although you can trade for a longer time. or you can place a buy or sell order within a certain time. you will not escape the greater risk. if that's your way, I suggest always putting a stop loss. it will slightly reduce the risk.
but for beginners, it's better to try to invest in Bitcoin than try to trade more riskily.