How do I become a successful Bitcoin investor as a newbies?

[Salahmu]

I came across a post by newbie asking how to be a successful trader and the things that must be considered before investing, so I was encouraged to create this topic for us to share our knowledge, so below are some steps to be considered before investing:

To be more knowledgeable
Invest in knowledge before putting your hard earned money on bitcoin, the opportunities in the market is unlimited. Do not fall for the Fear of Missing Out because the opportunities always existing in the market especially if you train your mind to see it. People do not see those opportunities because they never invest in their knowledge. You have money to make investment but why don't you have spair money for your education? Lack of knowledge will lead you to incur losses and the only one to cure it is to make an investment in yourself. The investment that you will do is not for short term only, but it can help you to achieve a lot of great things in life. So what are you doing now? Don't hesitate and make sure that you should invest in your mind.


Understand what you are investing on
As you would for any investment, understand exactly what you’re investing on by having enough knowledge about how it works.

Risk
You cannot be profitable if you do not know how to accept the risk, majority of people ignoring it and that is why they keep losing. Be aware on how much money you can incur before the trade and in that way you can have an idea if the investment is worth it or not.

Remember the Past is Past
A mistake that many new investors make is looking at the past and extrapolating that to the future. Yes, Bitcoin used to be worth pennies, but now is worth much more, so investors look to the future, not to what an asset has done in the past. What will drive future returns, Traders buying a cryptocurrency today need tomorrow’s gains, not yesterday’s.

Pardon me if this topic already exist or there are more important ones I was supposed to include, but you can as well share your knowledge and advice for us to learn and improve.

[1715005205]

1715005205

[Upgrade00]

I came across a post by newbie asking how to be a successful trader and the things that must be considered before investing, so I was encouraged to create this topic for us to share our knowledge, so below are some steps to be considered before investing:

It's common practice to drop a reply there where the newbie asked the question and not creating another thread for it. If everyone did that the forum will be filled with be threads that are not important.

A mistake that many new investors make is looking at the past and extrapolating that to the future. Yes, Bitcoin used to be worth pennies, but now is worth much more, so investors look to the future, not to what an asset has done in the past. What will drive future returns, Traders buying a cryptocurrency today need tomorrow’s gains, not yesterday’s.

Past event is not indicative of future performance but it does offer some pointers on which way it will likely go.
We learn more the longer we stay in the crypto space, I am not the same investor I was five years ago and his is cause of what I have learnt within that time period.

Bitcoin might not follow the typical four year cycle of bull runs and bear markets but you can almost be assurebutbeill follow something similar.

[BD Crypto]

I came across a post by newbie asking how to be a successful trader and the things that must be considered before investing, so I was encouraged to create this topic for us to share our knowledge

Trader and Bitcoin Investor are not fully same and there is a little difference. Anyway you have shared some good tips but these are too basics too know for a newbie to start trading. I saw many many threads containing basic advices for trading. To be a good trader or a Bitcoin Investor you must have knowledge about price prediction. So to be a good price Predictor I am also shared some of own experiences.
You can check here : Beginners Should Follow These To Be A Good Price Predictor

I am adding some tips here :

1. To grab the best price for investment or trading always enter the market when others are selling but similarly always for the upward or downward trend.

2. Always keep eyes on future events and regular crypto News. They can manipulate crypto market harder.

3. Avoid emotions and grow a trading strategy. Also you must have risk management because losing and wining trade is a part but we have to minimalise losing and have to maximize wining. So always do technical analysis with proper risk management and funds management.

[Doan9269]

Additional information on how to be more successful as a newbie in bitcoin investment.

1. Don't be too quick or too forward in taking decisions for an investment
2. Avoid any other cryptocurrency and focused on bitcoin alone
3. Believe that learning never ends and you're always current with the market flow
4. Learn to do things all by yourself than depending on others for a way out
5 Don't be greedy and don't develope an insatiable spirit of incontemptment

I will make an additional efforts to let you know that not your keys is not your coins, if you're investing, make use of a decentralized digital wallet to store your asset and try to avoid the use of centralized exchanges.

[yudi09]

How do I become a successful Bitcoin investor as a newbies?

Desire -> knowledge -> experience -> consistency

For me, there is nothing too special if someone wants to become an investor for beginners.

From my experience, just the four things I mentioned will bring a beginner to become a successful investor.
From desire will give birth to knowledge in someone who wants to become an investor. Armed with the knowledge gained by continuing to learn, they will understand that in investing there will be such a thing as the risk of losing money so that it will become an experience.
Experience will bring someone to understand when the best time to buy and sell and others.

For those who are not ready for the risks that will be accepted, they will stop there. But for those who continue to be consistent, then they will continue with the belief that they will reach the desired goal.

[nakamura12]

That's what a newbie should do when they are just starting. Honestly, I am not an expert when it comes to investments but I know that a person who wants to invest should be knowledgeable about what they want to invest in. Willingness to take risk is also important because if an investor is not willing to take risk then that investor is more likely not earning the same as those investors who are willing to take risks. OP, what you mentioned is good enough for newbie investors to become successful and an investor whoose profit or make mistakes will learn from it or in short, learn from mistakes to become better.

[Husires]

Thanks for the advice, which may be useful to some, but sometimes being greedy is useful because, according to logical calculations, investing in bitcoin is high-risk, the results are not calculated, and it is unlikely that you will not recover your money. However, you are investing, so always put your investment in the money that you do not need.

I came across a post by newbie asking how to be a successful trader and the things that must be considered before investing, so I was encouraged to create this topic for us to share our knowledge, so below are some steps to be considered before investing:

What is the difference between understanding what you are investing in and being more knowledgeable? Both sound the same to me.
The past is the past, the fact that it does not affect your future decisions, but you must learn from the past.

All these tips do not make you a successful investor, but an investor.

[hd49728]

I came across a post by newbie asking how to be a successful trader and the things that must be considered before investing, so I was encouraged to create this topic for us to share our knowledge, so below are some steps to be considered before investing

You are newbie too, please don't try to teach other newbies.

When you are newbie, use your time to learn and don't teach other newbies. Because your knowledge will be not accurate, if you teach them and they believe in your lesson, what will happen?

When you use your time to write a lecture, you will waste your time which should be used for your learning. Keep learning please and practicing with your investment. You can not teach other newbies if you have yet gotten success for your investment.

[Solosanz]

You are newbie too, please don't try to teach other newbies.

Nowadays every newbie is like this, creating a long text useless guide bla bla bla.

The subject is how to become a successful investor, the first sentence of the thread is how to become a successful trader, the guide mention about investor, and the thread is posted in trading discussion section lol. So is the guide for investor or trader?

A simple thing like a trader need to learn about trend and candle stick didn't even mentioned by @OP.

[palle11]

Risk
You cannot be profitable if you do not know how to accept the risk, majority of people ignoring it and that is why they keep losing. Be aware on how much money you can incur before the trade and in that way you can have an idea if the investment is worth it or not.

Risk management is important if a trading wants to be successful. You need to calculate your risk to reward ratio because as you are targeting for profit that is also how you need to look at the risk you want to incur. You don't have to let loose yourself at your greed appetite for profit because the market can rebounce back to entry price and probably start any opposite trend and that is the reason to also apply stop loss to how much you are willing to loss to how much you are willing to gain in any particular trade.

[Faisal2202]

You have written some great points and I really like the risk factor because you should be aware of the top profit you could get by risking your capital if they are worth taking a risk then why hesitate? But if the profit is less and the loss is more as per capital then why take the risk? Leave the idea at that time and wait for a good entry point.

I think you forget to mention the most important factor for becoming a good investor which is money and how to divide your money which means how to perform DCA. I have read a topic here in the trading discussion in which op has shared a great idea of putting your money into and asset like BTC. He said we should invest according to the dip in the last 24 hours that the token had. For example, if in the last 24 hours, BTC is down by 2% then only invest 2% of your capital. This will increase the profit ratio and decrease the loss ratio. I really like that idea. But unfortunately, everything has limitations and this idea is limited due to the downtrend in BTC is not that much like even if the BTC pumped or dumped 10% you will invest 10% of your capital which is very low but that 10% in BTC is not low it lit a great impact on the whole market.

As a result a newbie should set his mind on the profit he is expecting and how much risk is involved, when to book profit, is he trading or holding because saying investment means both but both holding and trading are two different things so he has to be aware of that.

[yhiaali3]

Yes, it is not wrong to spend some dollars on learning before you start investing in bitcoin or trading. This is required in any field not only in crypto. If you enter any field and you do not have sufficient knowledge about it, you will surely fail.

Also, it is not wrong to benefit from the lessons of the past or the past cycles of Bitcoin because they are similar, but of course it is wrong to think that they will be exactly the same. History gives us useful lessons to learn from and benefit in the future to avoid mistakes.

There are many things that the investor must learn, and the most important thing is that he does not stop learning and constantly developing himself.

[MFahad]

To be more knowledgeable
Invest in knowledge before putting your hard earned money on bitcoin, the opportunities in the market is unlimited. Do not fall for the Fear of Missing Out because the opportunities always existing in the market especially if you train your mind to see it. People do not see those opportunities because they never invest in their knowledge. You have money to make investment but why don't you have spair money for your education? Lack of knowledge will lead you to incur losses and the only one to cure it is to make an investment in yourself. The investment that you will do is not for short term only, but it can help you to achieve a lot of great things in life. So what are you doing now? Don't hesitate and make sure that you should invest in your mind. 

People often wants to learn without using money but they wants to put money in crypto coins. It will be profitable if you first use money to get knowledge because knowledge is the key to success and without it if you buy numerous coins you will achieve nothing.

You will get some knowledge prior to investment and remaining will be possible if you come and face the reality. I think you will learn more and more things if you are involved in crypto but it does not mean that you will start investing without knowledge because knowledge is the first step and without it everyone will act as a blind person.

[stomachgrowls]

You are newbie too, please don't try to teach other newbies.

Nowadays every newbie is like this, creating a long text useless guide bla bla bla.

The subject is how to become a successful investor, the first sentence of the thread is how to become a successful trader, the guide mention about investor, and the thread is posted in trading discussion section lol. So is the guide for investor or trader?

A simple thing like a trader need to learn about trend and candle stick didn't even mentioned by @OP.

Totally lacking right?

Newbie in ranking on forum account doesnt automatically means that you are noob in real life on which we shouldn't really be that conclusive in this regard because this might really be that possible that he might have that
experience really in real field of trading and investment but there's indeed a hole on which OP doesnt know to distinguish about investment and trading which we can say that he doesnt know on what he's been talking
because basing up on title then its talking about investing but on the content or body of text pertaining about trading which we know that there's a significant difference in between.

Speaking of success then there's no way that we could be able to reach out that state so easily even if we do give or make out some advises on which turns out to be basic
on using up your own common sense but on the time that you are on the actual situation then it would really be that just hard.

[freedomgo]

That's what a newbie should do when they are just starting. Honestly, I am not an expert when it comes to investments but I know that a person who wants to invest should be knowledgeable about what they want to invest in. Willingness to take risk is also important because if an investor is not willing to take risk then that investor is more likely not earning the same as those investors who are willing to take risks. OP, what you mentioned is good enough for newbie investors to become successful and an investor whoose profit or make mistakes will learn from it or in short, learn from mistakes to become better.

Everything that you listed OP are certainly a must when you decide to invest and aim to succeed in it. Being knowledgeable and having the willingness to take a risk is very essential because if you have knowledge yet you have fears to enter into such risky investment, then everything will be useless. Somehow, we should also learn to get out from our comfort zone and take some risky decisions like investing in bitcoin since you will never achieve significant changes in your life if you can’t manage to take some risk and overcome it.

[Japinat]

For me, just follow the basics and you’ll never get perish on it. By gaining sufficient knowledge and understanding what you are investing into, then you will know what to avoid so you won’t put your bitcoin investment into a waste. And when you decide to invest, don’t go for quick profits but learn to keep them for long term hodling, as with patience and right attitude you will get what you aim and desire in the end.

[nakamura12]

Somehow, we should also learn to get out from our comfort zone and take some risky decisions like investing in bitcoin since you will never achieve significant changes in your life if you can’t manage to take some risk and overcome it.

If a person won't do that then that person will surely miss something since he/she didn't get out from their comfort zone and if they did means they are willing to take the risk. It's good that OP did know all on the list and did share it for others. As I always said, being knowledgeable in  everything that you are interested with will surely help you on what you are aiming for it achieving your goal.

[goaldigger]

It takes time to become successful but if you are more responsible since day 1, then its more possible for you to make more profit and succeed later on. Proper handling of your finances and strategies will also matter aside from having the right knowledge, you have to be a complete package if you want a success. There’s a big chance for you to succeed in crypto market, you just have to take the risk carefully.

[Rengga Jati]

After understanding all of these things and having good mental and risk management, then make sure that you are confident and ready to invest in Bitcoin. Because, starting to invest in something new is sometimes quite difficult to do. And if you have started investing in Bitcoin, what needs to be done is consistency to hold it until it reaches the desired target. What's left is patience to achieve the results of the holding / investment because the investment is not made in a short time, so it takes patience to do it. What might be difficult later is the condition during the holding, market conditions will not be as smooth as you expect, there are often even sudden market drops which make many people lose patience, panic, and end up selling Bitcin at a low price. That's why, we you have to understand that if Bitcoin is like that, there will always be ups and downs. so you have to be more patient and never panic no matter what happens.

[blockman]

You first have to distinguish your plan, as an investor then usually this is for the long term. If you want to be a trader then you're aware that it's mostly for the short term that you're planning to stay in the market and maximize the potential profit that you wanna have.
The first thing you've mentioned is right. There are many newbies that gets into bitcoin investing but they don't understand what bitcoin is and they're simply into the thought that the soonest, the investment they make will already make them profit. Somehow they're right with that expectation but usually, they need to understand that volatility might not allow that to happen easy.

[Natalim]

 -work hard
 -keep on learning
 -be patient
 -keep motivated despite the losses and mistakes

Well, it wasn't easy as we read. Trading is a difficult job that most newbies had failed. Because if we want to succeed in trading, it was not just by simply following those things but also, it needs consistency which I find usually missing. To become successful, we have to step up and never called ourselves as newbie anymore.

[Johnyz]

Challenges will always be present during your learning phase, and that’s a big threat for you already but of course if you are committed to learn more about Bitcoin then it is still possible to happen. Bitcoin investing is not easy and not a guaranteed profit, just try to keep going and choose the best way for you to learn it, you should not think about an overnight success here because its just a hype.

[Mahanton]

Pardon me if this topic already exist or there are more important ones I was supposed to include, but you can as well share your knowledge and advice for us to learn and improve.

• DYOR
• Proper risk management
• Proper emotion management
• Stick to your plans
• Set plan A,B or further on

Success isnt guaranteed on this space but if you do know on how to get along with the waves then you might be having the chance for you to succeed but of course it would really be depending
or basing up on the thing that you would really be doing. Being an investor or being a trader is never been that simple.There's lots of things which you would really be needing to consider out
and make learn out of it for you to make yourself that sufficient into this market. I agree on some points that you shouldn't really be hurrying up yourself because this would
really be creating that desperation on which it isnt something that ideal on doing so.

[Cryptomultiplier]

Pardon me if this topic already exist or there are more important ones I was supposed to include, but you can as well share your knowledge and advice for us to learn and improve.

• DYOR
• Proper risk management
• Proper emotion management
• Stick to your plans
• Set plan A,B or further on

Success isnt guaranteed on this space but if you do know on how to get along with the waves then you might be having the chance for you to succeed but of course it would really be depending
or basing up on the thing that you would really be doing. Being an investor or being a trader is never been that simple.There's lots of things which you would really be needing to consider out
and make learn out of it for you to make yourself that sufficient into this market. I agree on some points that you shouldn't really be hurrying up yourself because this would
really be creating that desperation on which it isnt something that ideal on doing so.

One common phrase I could tag with DYOR is to 'observe'. Better put, to be observant. Both here on the forum and where it is being discussed or practiced.
Yes, keep your eyes opened. And if you have social media accounts that offer news or whale alerts or market trends updates, this is where knowledge is learnt and insight gained to become more of a successful trader than anticipated.

One hidden fact that becomes revealed to the BTC investor/trader in the long run is that, opportunities open up to you as much as the way a normal fiat bank would accord a long time customer some cordiality, formality and leverage over new comers.

[jeraldskie11]

As time goes by and learn so much in trading, I understand that the key to success in trading is the risk management. Before I believe that if you have good trading plan without a risk management will make succeed. Since I always adding funds to my futures account, I didn't notice that I already lose even though in my mind I'm profitable because I have many successful trades. That's why I could say that no matter how good your trading plan is but without risk management is just useless.

[GreatArkansas]

Understand what you are investing on
As you would for any investment, understand exactly what you’re investing on by having enough knowledge about how it works.

Among the rest, this is very remarkable to me. Because most newbies that starting to invest in cryptocurrency or in Bitcoin don't have any idea how Bitcoin works, they only know "easy money". They don't consider the risk.
But we can't blame them because maybe that is what they saw on the internet and they just click and go without doing any research, it's a bad move. New people must need proper education before starting.

[hd49728]

Among the rest, this is very remarkable to me. Because most newbies that starting to invest in cryptocurrency or in Bitcoin don't have any idea how Bitcoin works, they only know "easy money". They don't consider the risk.

Invest in Bitcoin has risk too but they are safer by investing in Bitcoin without knowledge. Best of luck for them if they do the same with altcoins. Without research, without knowledge, if they invest in altcoins that way, they will have like 80% to more than 90% to lose their capital.

But we can't blame them because maybe that is what they saw on the internet and they just click and go without doing any research, it's a bad move. New people must need proper education before starting.

It is popular with newbies and most of newbies step on a same shit steps like that but it is related to personal traits too. Some people have careless traits and they just bring it to cryptocurrency investment. In fact they are careless with many things in their life, not only in investment.

They even do a worse practice, invest money which they can not afford to lose, borrow money to invest but don't have plan B when they lose their capital.

[bitzizzix]

There is no other option to become a successful bitcoin investor, just buy every drop and Hodl for the long haul or you can buy as much as you can when the price is low and within your means, then leave with the best security, and come back when the bitcoin price is high. And this trail has been proven by those who knew and were involved in the bitcoin world at that time, and when the bitcoin price rose high they came back and were successful.

Since this thread is in the trading section, I recommend doing in-depth research on the cryptocurrency market and being knowledgeable about the bitcoin or coin you want to work with, understand the associated risks and historical performance of bitcoin, as well as market trends. Stay up-to-date with relevant news, other developments and regulations, and any factors that may affect the price of bitcoin and with that you can make short or medium term profits.

[josephrioveros123]

That is right. for me, trading needs pacience because you should wait until it's the right time to buy. and you should wait again when it is right time to sell.

We should also accept small losses along the way because if we don't accept small losses and did not set stop loss. on our trades, we will loss a lot of money when the pricess fall down. That is why it is good to set up stop loss on our trading decissions.

One more thing we should atleast study the simple support and resistance before diving into trading.

And lastly only trade the money you can afford to loss because of the volatility of the market we cannot be sure of what will happen on the market.

[mk4]

Pardon me if this topic already exist or there are more important ones I was supposed to include, but you can as well share your knowledge and advice for us to learn and improve.

If the information given is common-knowledge, then it's probably safe to assume that a similar topic has already been posted multiple times already. The only reason you post a similar topic is if you're really confident you actually did a far better job with your topic and if you have some information provided that the others didn't. Obviously there's nothing really new here.

[Poker Player]

I am not sure if this thread belongs here. Talking about investing in general and not trading, probably Economics would be a more suitable board but I am not going to report it.

I just think that most people and especially newbies would do better to approach Bitcoin and financial assets in general from the perspective of the investor, and not the trader, as the vast majority of people who follow simple investment rules, make money in the long run, while more than 90% of traders lose money. With that, the OP's advice is not bad, to which we could add some more, such as diversification.

[Inspiron14]

As time goes by and learn so much in trading, I understand that the key to success in trading is the risk management. Before I believe that if you have good trading plan without a risk management will make succeed. Since I always adding funds to my futures account, I didn't notice that I already lose even though in my mind I'm profitable because I have many successful trades. That's why I could say that no matter how good your trading plan is but without risk management is just useless.

It must be recognized that risk management is an important thing that needs to be owned,
crypto trading is so risky that it is necessary to manage it and sometimes people still ignore it,
indeed it is not easy but if we study seriously then we will be able to.

[Awaklara]

As time goes by and learn so much in trading, I understand that the key to success in trading is the risk management. Before I believe that if you have good trading plan without a risk management will make succeed. Since I always adding funds to my futures account, I didn't notice that I already lose even though in my mind I'm profitable because I have many successful trades. That's why I could say that no matter how good your trading plan is but without risk management is just useless.

It must be recognized that risk management is an important thing that needs to be owned,
crypto trading is so risky that it is necessary to manage it and sometimes people still ignore it,
indeed it is not easy but if we study seriously then we will be able to.

however neither trader nor Invertor has been successful in a short time. everything certainly requires the process in achieving success. those who take risks certainly have a chance to win it than those who are afraid to take the step to try. failure may occur, but when someone can manage it properly, it will be better.
most novice traders are wrong in choosing the assets they will trade. this will be an important lesson that beginners should understand first before trying more trading to gain experience.

[Maslate]

-work hard
 -keep on learning
 -be patient
 -keep motivated despite the losses and mistakes

Well, it wasn't easy as we read. Trading is a difficult job that most newbies had failed. Because if we want to succeed in trading, it was not just by simply following those things but also, it needs consistency which I find usually missing. To become successful, we have to step up and never called ourselves as newbie anymore.

Furthermore, trading is highly risky so you need to be more patient and create consistent learning about the market so you can identify and analyze those factors that makes trading more risky and more susceptible to losses. Hence, if you keep trading as a newbie with limited knowledge and skills, you will never mitigate its risks but will fail eventually and commit losses. The reason why newbies are not advisable to trade, unless if they gained adequate knowledge and experience in trading.

[Franctoshi]

Every started journey has a mission and destination point, as an investment, you only know the reason you want to start investing in Bitcoin in the first place and outline what you are anticipating to achieve during your investment.

1. Which is when are you expecting ROI? I prefer midterm, long time investment, a minimum of 1+ years for better results.

2. Take measures to safeguard or secure your investment because the security of your capital is paramount to any investment, this is where you avoid storing your cryptos in centralized exchange because by doing so they now own your funds and not you, to avoid this, use self-custody wallets, meaning you store in wallets like Trezor, Electrum wallet, Nano Ledger X, etc.

3. Lastly, When purchasing your Bitcoin, ensure you adopt a DCA buying strategy.

[jeraldskie11]

As time goes by and learn so much in trading, I understand that the key to success in trading is the risk management. Before I believe that if you have good trading plan without a risk management will make succeed. Since I always adding funds to my futures account, I didn't notice that I already lose even though in my mind I'm profitable because I have many successful trades. That's why I could say that no matter how good your trading plan is but without risk management is just useless.

It must be recognized that risk management is an important thing that needs to be owned,
crypto trading is so risky that it is necessary to manage it and sometimes people still ignore it,
indeed it is not easy but if we study seriously then we will be able to.

Honestly, we do not need to study hard to be able to learn a risk management. The thing is that when you are in the actual trade something has happen like you don't apply the risk management always in your trade especially if you're experiencing consecutive losses. But if you're a disciplined person, you handle the strong emotion results from bad trades. In order to be a disciplined person in trading, there are lot of recommendable books to read and I prefer to "Atomic Habits".

[Gallar]

I came across a post by newbie asking how to be a successful trader and the things that must be considered before investing

Among beginners, there are indeed many who ask about this, and maybe it's normal for beginners in bitcoin/crypto to ask this. But if you think about it more deeply, currently there are many beginners who have just entered the world of bitcoin/crypto, but have thought about the benefits first. This is not wrong, but sometimes in the crypto world, sometimes you are too focused on profit, especially from the beginning of your foray into the crypto world. Usually, if for example these benefits have not been achieved yet, usually what will happen is there is a feeling of wanting to give up. So in my opinion, for the initial stages of being involved in the crypto field, focus first on the knowledge. Only then can you think about the advantages.

To be more knowledgeable
Understand what you are investing on
Risk
Remember the Past is Past

The suggestions that you wrote down, all of them are indeed very appropriate and very good suggestions for beginners. Because this advice is really needed by beginners in bitcoin.

And it is true that for beginners in the field of bitcoin / crypto, what must be prioritized first is knowledge first. Because in my opinion it is an important point that must be learned at the beginning of the journey to trade or invest in bitcoin/crypto. As for the second point to the fourth point, in my opinion it is more about mental preparation for investing in bitcoin, and that is also very important in bitcoin investment.

I will not add any suggestions, because I think the advice you provide is sufficient for beginners in the field of bitcoin investment. But maybe it just needs a little more extensive development from the suggestions that anfa gave, because these suggestions still need to be deepened again by beginners.

[armanda90]

Honestly, we do not need to study hard to be able to learn a risk management. The thing is that when you are in the actual trade something has happen like you don't apply the risk management always in your trade especially if you're experiencing consecutive losses. But if you're a disciplined person, you handle the strong emotion results from bad trades. In order to be a disciplined person in trading, there are lot of recommendable books to read and I prefer to "Atomic Habits".

You right, its not important about what technical do you use when whales coming and they can easy how to make price or bitcoin pump or dump. To be successful trader not required study hard and controlling about trading management but need practice and have experienced will make us easy understand how to be successful trader. Based on my experienced, I don't learn hard and understanding about basic thing in trading like deposit and withdrawing fund. But has important thing in trading how smart controlling with emotion exactly when price going drop keep holding assets without panic. Don't be long term holding when coins raise to higher price, many trader greedy exactly when their coins assets going up and waiting to another higher price before back to lower price.

[justdimin]

Yes, it is not wrong to spend some dollars on learning before you start investing in bitcoin or trading. This is required in any field not only in crypto. If you enter any field and you do not have sufficient knowledge about it, you will surely fail.

Also, it is not wrong to benefit from the lessons of the past or the past cycles of Bitcoin because they are similar, but of course it is wrong to think that they will be exactly the same. History gives us useful lessons to learn from and benefit in the future to avoid mistakes.

There are many things that the investor must learn, and the most important thing is that he does not stop learning and constantly developing himself.

Some spend some dollars to buy online courses and to hire a mentor because they think it's better to learn this way but it's still possible to learn without any capital. We still have this forum, Youtube and other places which provides free crypto knowledge. Learning is necessary but it's crazy how some people can skip it because they are rushing to make money.

Well, they can get lucky but it's not sustainable. It's like they are only playing a gambling and most of the times they can only lose. Crypto market works in cycle so some strategies can still be able to work after some time though it's always better to have different strategies so that we can continue earning a profit at any market conditions.

[Huppercase]

I came across a post by newbie asking how to be a successful trader and the things that must be considered before investing, so I was encouraged to create this topic for us to share our knowledge, so below are some steps to be considered before investing:

To be a successful investor, you need to put other things into consideration such as your Capital, it is very essential when investing in Bitcoin because a small capital will give you small profit and big capital will give you big capital. The price entry is also important, you will never have the same profit when you buy bitcoin at high price than small that bought at lower price even when you guys buy with same capital, the profit will never be the same when you sell at the same price but if you decide to hold longer, the you may have more profit but timing and patience is another factor that will determine that profits

In addition some that I have mention, you need basic trading understanding to get the above, you need to understand the chart if we are in bull run or in bear market and also if you are buying at the support line before that, this help you in addition to what yo have expressed.

[irhact]

To be more knowledgeable
Invest in knowledge before putting your hard earned money on bitcoin, the opportunities in the market is unlimited. Do not fall for the Fear of Missing Out because the opportunities always existing in the market especially if you train your mind to see it. People do not see those opportunities because they never invest in their knowledge. You have money to make investment but why don't you have spair money for your education? Lack of knowledge will lead you to incur losses and the only one to cure it is to make an investment in yourself. The investment that you will do is not for short term only, but it can help you to achieve a lot of great things in life. So what are you doing now? Don't hesitate and make sure that you should invest in your mind.

Investing in your knowledge will benefit you more than just giving you the ideas you'll need to profits from your market through trading. If you don't know how to trade don't start trading or  you'll lose. Invest first into learning and use weeks for practicing what you have learnt until you have perfected it then you can start trading live which will be be easy for you because now you know exactly what you're doing then when you're just trading based on guessing.

Trading isn't gambling and you don't need to just be lucky when trading as you do when gambling. You have to understand what you're doing and know when to open a trade and when to close it. You need experience fo you to be a professional trader and you need practice.

[lovesmayfamilis]

Any sane person who wants to increase his capital in one way or another will learn about all the intricacies of the business from which he wants to make a profit. But to be successful or not, I think it depends on the amount of funds that are to be contributed. If the amount to be inverted is too small, even in a good market, will the owner enjoy profiting from a few pennies? And then to say that he is successful, I think, is not entirely correct. At this time, a good amount is important, and usually, not beginners own it but people who are already successful in some other business. Therefore, all guides are useful, but it is hard to believe that by following them, a beginner will succeed.

[jeraldskie11]

Some spend some dollars to buy online courses and to hire a mentor because they think it's better to learn this way but it's still possible to learn without any capital. We still have this forum, Youtube and other places which provides free crypto knowledge. Learning is necessary but it's crazy how some people can skip it because they are rushing to make money.

Before we enter in the world of trading, we all want knowledge for free and that's why we choose to watch on YouTube or read books than having a mentorship. I know most of us are doing that before. Since we have in our mind the urge of earning quickly, we immediately do a trade thinking that knowledge and strategy we get from YouTube is enough. But this is a mistake, and you can only determine your mistakes when there's someone who teaches you the right thing to do, and that's what I have understood when I joined mentorships. I really regret that I didn't immediately joined a mentorship before because I loses a lot with the unorganized knowledge that I get from YouTube .

[Litzki1990]

1. In order to be successful in investing, first of all it is necessary to have adequate understanding about investing.
2. Investments can never be rushed. That is, after observing the market with time, you have to invest.  
3.Must have a tendency to take risks.  
4. Sufficient patience is required to be successful in investing.  
5. Avoid anger or emotion in investment and then invest.  
6. Always try to take advantage of opportunities.  
7. Always try to learn something new.  
8. Learn from the mistakes you have made in the past and use them now.  
If we can follow them then surely we can succeed in investing.

[xSkylarx]

Some spend some dollars to buy online courses and to hire a mentor because they think it's better to learn this way but it's still possible to learn without any capital. We still have this forum, Youtube and other places which provides free crypto knowledge. Learning is necessary but it's crazy how some people can skip it because they are rushing to make money.

Before we enter in the world of trading, we all want knowledge for free and that's why we choose to watch on YouTube or read books than having a mentorship. I know most of us are doing that before. Since we have in our mind the urge of earning quickly, we immediately do a trade thinking that knowledge and strategy we get from YouTube is enough. But this is a mistake, and you can only determine your mistakes when there's someone who teaches you the right thing to do, and that's what I have understood when I joined mentorships. I really regret that I didn't immediately joined a mentorship before because I loses a lot with the unorganized knowledge that I get from YouTube .

It is really better to have a mentor in trading because you have someone that you can ask questions to, or even just a friend who has been a trader for a long time and is not the actual mentor because they have more experience in it. Like before, I just remember that when I learn how to use indicators and know what their uses are, I tend to add them to my chart, which makes me confused about what to follow. At that time, a friend of mine taught me about his trading strategy and explained the indicators he uses, and he then told me that it is not necessary to put them all together, so it is really better if someone is guiding you so that you can know where or what to learn and reduce your mistakes.

[lunnatic]

Some spend some dollars to buy online courses and to hire a mentor because they think it's better to learn this way but it's still possible to learn without any capital. We still have this forum, Youtube and other places which provides free crypto knowledge. Learning is necessary but it's crazy how some people can skip it because they are rushing to make money.

Before we enter in the world of trading, we all want knowledge for free and that's why we choose to watch on YouTube or read books than having a mentorship. I know most of us are doing that before. Since we have in our mind the urge of earning quickly, we immediately do a trade thinking that knowledge and strategy we get from YouTube is enough. But this is a mistake, and you can only determine your mistakes when there's someone who teaches you the right thing to do, and that's what I have understood when I joined mentorships. I really regret that I didn't immediately joined a mentorship before because I loses a lot with the unorganized knowledge that I get from YouTube .

It is really better to have a mentor in trading because you have someone that you can ask questions to, or even just a friend who has been a trader for a long time and is not the actual mentor because they have more experience in it. Like before, I just remember that when I learn how to use indicators and know what their uses are, I tend to add them to my chart, which makes me confused about what to follow. At that time, a friend of mine taught me about his trading strategy and explained the indicators he uses, and he then told me that it is not necessary to put them all together, so it is really better if someone is guiding you so that you can know where or what to learn and reduce your mistakes.

Indeed, having a mentor will make it easier for us, especially in learning,
but it's not easy to have a mentor who really has a good capacity,
especially with those who become mentors are our own friends, so we won't hesitate to ask questions.

[Sanitough]

That's what a newbie should do when they are just starting. Honestly, I am not an expert when it comes to investments but I know that a person who wants to invest should be knowledgeable about what they want to invest in. Willingness to take risk is also important because if an investor is not willing to take risk then that investor is more likely not earning the same as those investors who are willing to take risks. OP, what you mentioned is good enough for newbie investors to become successful and an investor whoose profit or make mistakes will learn from it or in short, learn from mistakes to become better.

While knowledge and skills are much important in bitcoin investing, I think the passion and the patience to consistently learn and understand the market is a must too. Without them, you will never be successful as a bitcoin investor. In addition, a sufficient amount of capital will be a great help too since you can’t invest and maximize your portfolio if you don’t have enough means to make it possible.

[Distinctin]

Newbies do not literally mean that they are less knowledgeable and less experienced in the market. They might be new in the market but some may have gained knowledge and experience even before about crypto investment. So the only thing I can see that is an important factor to be a successful bitcoin investor is how you manage your greed and emotions when investing. You may have good amount of bitcoin in your portfolio but that won’t be enough to say that you’ll be in huge profits especially if you don’t have the patience to hold and you easily fall on market FUDs that let you create your wrong decisions and end up regretting and losing.

[uswa56]

Newbies do not literally mean that they are less knowledgeable and less experienced in the market. They might be new in the market but some may have gained knowledge and experience even before about crypto investment. So the only thing I can see that is an important factor to be a successful bitcoin investor is how you manage your greed and emotions when investing. You may have good amount of bitcoin in your portfolio but that won’t be enough to say that you’ll be in huge profits especially if you don’t have the patience to hold and you easily fall on market FUDs that let you create your wrong decisions and end up regretting and losing.

Controlling yourself from greed and emotions is something that is very important especially with the very fast movement of Bitcoin prices so it is important to be able to control yourself from panic or greed, but all of that must be accompanied by knowledge before investing, many things must be learned first and over time experience will be able to become the main capital as the most important knowledge of what is happening to be even better in the future.

[Nrcewker]

You need to first define what you mean by success. What amount is sufficient for you to be considered successful? If you aim at the extreme end from the start only, then you will definitely lose concentration, which is important in any type of investment. While investing in Bitcoins, your main motive should be not to make losses. If you avoid this and try to concentrate only on profits, when you become bankrupt, you won’t be able to know about that. In order to be successful in Bitcoin investments, you have to acquire knowledge and manage your risks.

[tjtonmoy]

Remember the Past is Past
A mistake that many new investors make is looking at the past and extrapolating that to the future. Yes, Bitcoin used to be worth pennies, but now is worth much more, so investors look to the future, not to what an asset has done in the past. What will drive future returns, Traders buying a cryptocurrency today need tomorrow’s gains, not yesterday’s.

Although you are right, what about analysis? Past performance may not have an impact on your future profits, but when you need to understand the market, you need to explore the past too. The Bitcoin price is at what now? 30k? Well, will you invest in Bitcoin right now without knowing what its price was and how long, and how it has managed to reach here? Sticking to the past is not an option, but learning from it has to be one.
 
The process of market analysis, where does it come from? Was it created in one night or do traders trade based on recent data? We need the help of the past in order to create our future. Past performance does not affect the present or future of anything, but it holds value if you want to learn about that thing. Past will always be the past, but as a newbie, we should learn from it.

[ItsCrafty]

Although you are right, what about analysis? Past performance may not have an impact on your future profits, but when you need to understand the market, you need to explore the past too. The Bitcoin price is at what now? 30k? Well, will you invest in Bitcoin right now without knowing what its price was and how long, and how it has managed to reach here? Sticking to the past is not an option, but learning from it has to be one.
 

Starting with cryptocurrencies demands intelligent market entry planning and preparation. At first determine your trading objectives and goals. For example, are you seeking to make long-term investments or short-term profits? Choose a trading technique that works best for you, specify your preferences and take consideration of your time limitations. Create your trading objectives and techniques so that you can maintain your trading discipline and regularity. Review your plan frequently and make any necessary updates.
It takes time, work, and experience to become a successful trader in the cryptocurrency market. Be persistent, patient, and dedicated to learning in detail about cryptos for lifelong development.

[WatChe]

Any sane person who wants to increase his capital in one way or another will learn about all the intricacies of the business from which he wants to make a profit. But to be successful or not, I think it depends on the amount of funds that are to be contributed. If the amount to be inverted is too small, even in a good market, will the owner enjoy profiting from a few pennies? And then to say that he is successful, I think, is not entirely correct. At this time, a good amount is important, and usually, not beginners own it but people who are already successful in some other business. Therefore, all guides are useful, but it is hard to believe that by following them, a beginner will succeed.

There are lots of guides for crypto trading available but its hard to say which one will suit you since something that worked for me wont work for you and vice versa. If that's not the case then everyone would be a millionaire via copy trading. One thing all of us must adhere is that there is not shortcut to success or we cant be rich overnight. Being successful trader requires you to spend your time and effort in the market. Huge capital is only recommended if you have proper knowledge and skills to handle crypto volatility.   

[Cling18]

Any sane person who wants to increase his capital in one way or another will learn about all the intricacies of the business from which he wants to make a profit. But to be successful or not, I think it depends on the amount of funds that are to be contributed. If the amount to be inverted is too small, even in a good market, will the owner enjoy profiting from a few pennies? And then to say that he is successful, I think, is not entirely correct. At this time, a good amount is important, and usually, not beginners own it but people who are already successful in some other business. Therefore, all guides are useful, but it is hard to believe that by following them, a beginner will succeed.

There are lots of guides for crypto trading available but its hard to say which one will suit you since something that worked for me wont work for you and vice versa. If that's not the case then everyone would be a millionaire via copy trading. One thing all of us must adhere is that there is not shortcut to success or we cant be rich overnight. Being successful trader requires you to spend your time and effort in the market. Huge capital is only recommended if you have proper knowledge and skills to handle crypto volatility.   

It's actually a long process of learning and if another person is successfully using his own strategy, it doesn't mean that we'll also succeed doing the same thing. It's a series of trial and error that we will be facing. We're actually lucky because there are already trusted resources where we could learn from nowadays.
Success doesn't happen in just a single click. We could still face lots of failures and might make wrong decisions and it will be a roller coaster like ride that we have to deal with. If we want success, then we have to be well determined to learn, risk and deal with the volatility of the market. We should also be ready emotionally, financially and physically and should also have the proper mindset for this.

[death69]

Investing in information, understanding the asset, accepting risk, and looking ahead make sense. "Diversification" is up for discussion. Diversification maximises rewards and manages risk. By diversifying your investments, you protect yourself against a single investment's failure and increase your profits. Trading "emotions" is another issue. Investing can bring anxiety, greed, exhilaration, and disillusionment. These must be managed. Impulsive trading is a recipe for disaster.

[Hypnosis00]

Newbies do not literally mean that they are less knowledgeable and less experienced in the market. They might be new in the market but some may have gained knowledge and experience even before about crypto investment. So the only thing I can see that is an important factor to be a successful bitcoin investor is how you manage your greed and emotions when investing. You may have good amount of bitcoin in your portfolio but that won’t be enough to say that you’ll be in huge profits especially if you don’t have the patience to hold and you easily fall on market FUDs that let you create your wrong decisions and end up regretting and losing.

That is probably because they have a lack of experience and they wanted to know what are the usual things to do when starting trading. Although they might have the knowledge and ideas already or have been using a demo account but that is somewhat different when doing it actually which sends them asking. It was really hard to reach our goal if there is already uncertainties and I see that newbies are working to eliminate and replace them with courage and trust when they know what are the things needed. And they will keep asking until they become satisfied.

[Captain Corporate]

Simply just buy and hold bitcoin is the right answer given here. A lot of people end up with questions regarding how to invest, but basically its just about turning your fiat into bitcoin and keep doing that for a long time. If you can do that then you are going to be fine and there won't be any issues. I understand that some people are a bit more worried about it and I know that it makes a lot of people question the situation and all that, but as long as you keep doing what you should, there shouldn't be any issues. I hope that newbies do not make any crazy mistakes by doing things that will risk their money, because I have seen too many newbies end up with a lot of wrong moves, just buy bitcoin and hold it and don't do anything crazy.

[Peanutswar]

There's a lot of knowledge right now in the internet and it's ideal to use those resources whenit comes from the experience in trading there's a lot of platform offering engagement for example, forums and channels that serves as guide into you.
If you are totally newbie information might overwhelms you a lot ideal to know the basics after that you have a prior insights and now that's the time you can now identify your next steps.
For newbie base on my experience always watch the market, plot a basic support and resistance, set position to buy and sell when you get a profit depends how long you will hold can be ATH.

[Obari]

Since this thread isn't about trading basically but about bitcoin  and how to succeed in it, then I will.advice that you move the thread to the bitcoin discussion board to give a broader show your thread to people who will have more interest and knowledge  to share on this.

But nevertheless,  you really made great points in your thread and I couldn't agree any less with you because you already said it all and my emphasis is on letting the past stay in the past especially the past losses because when this isn't left behind, there is always this mindset of wanting to revenge and chase after losses which we all know never ends well.

[awik p]

Since this thread isn't about trading basically but about bitcoin  and how to succeed in it, then I will.advice that you move the thread to the bitcoin discussion board to give a broader show your thread to people who will have more interest and knowledge  to share on this.

But nevertheless,  you really made great points in your thread and I couldn't agree any less with you because you already said it all and my emphasis is on letting the past stay in the past especially the past losses because when this isn't left behind, there is always this mindset of wanting to revenge and chase after losses which we all know never ends well.

Basically psychology plays an important role to achieve success. If we experience a loss and must immediately repay the loss, it will make our minds confused, so that we cannot analyze properly and cannot determine attitudes properly, because emotions surround us. even though it is normal for everyone to happen, but as much as possible we must be able to control it and have a realistic view of the market that is happening at that time, so don't force our will and hope the market will follow our will

[Kelvinid]

To become a successful person must also carry a positive mindset, a concrete plan, and a characteristic of being successful.

 - knowledge and skill
 - strategies
These things play an important role in trading and so we need to acquire them. But never expect that success comes too fast and too easy that is why only a few people become successful because many are impatient. We can be aggressive but never too much as this only lead to frustration and quitting. 
 

[SOKO-DEKE]

Knowledge should be regarded as the initial step in the bitcoin sector because it is crucial in all facets of life. Beginners shouldn't rush into Bitcoin investments unless they are well-versed in the technology and the cryptocurrency market to avoid making poor choices. It is never a good idea to invest in the cryptocurrency sector without proper knowledge since you run the danger of losing all of your funds easily. Even when it comes to risk, if someone lacks adequate knowledge, he will never know the risks it is supposed to go for. As for me, I believe that knowledge is the key to success in the cryptocurrency sector because, in my opinion, without knowledge, one cannot come up with innovative or effective ideas.

[Fivestar4everMVP]

Risk
You cannot be profitable if you do not know how to accept the risk, majority of people ignoring it and that is why they keep losing. Be aware on how much money you can incur before the trade and in that way you can have an idea if the investment is worth it or not.

A thing or two I wish to correct here, forgive me if someone else have pointed this out before in one of the pages..

Not accepting risk is not a reason not to be profitable if I already invested, what fear to take risk does is that, it stops you from investing at all, which as a result, you could miss out on any potential profits, that is, profits you would have made if you had invested..

So in nutshell, not accepting risk only makes one not to invest, it doesn't stop one from making profit if they already invested.

[irhact]

It takes time to become successful but if you are more responsible since day 1, then its more possible for you to make more profit and succeed later on. Proper handling of your finances and strategies will also matter aside from having the right knowledge, you have to be a complete package if you want a success. There’s a big chance for you to succeed in crypto market, you just have to take the risk carefully.

That's one thing I like about the crypto market, there are lots of opportunities everywhere for you to succeed but to do that you have to be prepared because if you aren't prepared then you'll be scammed multiple times because as there's opportunity in the market so is there scammers. The crypto market is unregulated so alot of scammers are in the market trying to trick you into believing a project to be legit meanwhile it's just one of their scams.

Becoming a successful traders or investors isn't just about having the money to invest but knowing how to invest. You need the right guidelines, that's why the forum is very important as you can get good guidelines from people that have been in the industry before you.

[bitgolden]

Honestly, we do not need to study hard to be able to learn a risk management. The thing is that when you are in the actual trade something has happen like you don't apply the risk management always in your trade especially if you're experiencing consecutive losses. But if you're a disciplined person, you handle the strong emotion results from bad trades. In order to be a disciplined person in trading, there are lot of recommendable books to read and I prefer to "Atomic Habits".

You right, its not important about what technical do you use when whales coming and they can easy how to make price or bitcoin pump or dump. To be successful trader not required study hard and controlling about trading management but need practice and have experienced will make us easy understand how to be successful trader. Based on my experienced, I don't learn hard and understanding about basic thing in trading like deposit and withdrawing fund. But has important thing in trading how smart controlling with emotion exactly when price going drop keep holding assets without panic. Don't be long term holding when coins raise to higher price, many trader greedy exactly when their coins assets going up and waiting to another higher price before back to lower price.

Whales can't do that with bitcoin all that easily, people think that it's the whales that pump and dump the price but it's all of us. We are talking about billions in trading which means that we are not going to see just a single whale that change anything.

We are going to see people reacting to the market, so if it drops even due to a whale just a little bit, we all end up selling together because of it and drop the price and then blame the whale for making it drop a bit. Like Elon, you think Elon made bitcoin or doge go up? Of course not, his money wasn't enough to make it go from 3 cents to 70 cents, he would have to spend all his money, he did not do it, then who did? All the people who bought because of him, it was all of us basically, we did that.

[hd49728]

Whales can't do that with bitcoin all that easily, people think that it's the whales that pump and dump the price but it's all of us. We are talking about billions in trading which means that we are not going to see just a single whale that change anything.

They can not do that by their own capital but they use news as their best weapon to manipulate the market. Human in the market don't change, they want to read news and let news affect their emotion, psychology and decisions. Whales are big players who release news to the market, feed it with news to manipulate it ups and downs. Surely there are many whales on the market, not only one.

We are going to see people reacting to the market, so if it drops even due to a whale just a little bit, we all end up selling together because of it and drop the price and then blame the whale for making it drop a bit. Like Elon, you think Elon made bitcoin or doge go up? Of course not, his money wasn't enough to make it go from 3 cents to 70 cents, he would have to spend all his money, he did not do it, then who did? All the people who bought because of him, it was all of us basically, we did that.

Whales release news, market reacts and forced liquidation will do its task. With forced liquidations, price will be lifted up or down very sharply and small investors, traders can not have enough time to close their positions, exit the market and later they will be fed with other news to explain why the market moves like that.

[jeraldskie11]

Honestly, we do not need to study hard to be able to learn a risk management. The thing is that when you are in the actual trade something has happen like you don't apply the risk management always in your trade especially if you're experiencing consecutive losses. But if you're a disciplined person, you handle the strong emotion results from bad trades. In order to be a disciplined person in trading, there are lot of recommendable books to read and I prefer to "Atomic Habits".

You right, its not important about what technical do you use when whales coming and they can easy how to make price or bitcoin pump or dump. To be successful trader not required study hard and controlling about trading management but need practice and have experienced will make us easy understand how to be successful trader. Based on my experienced, I don't learn hard and understanding about basic thing in trading like deposit and withdrawing fund. But has important thing in trading how smart controlling with emotion exactly when price going drop keep holding assets without panic. Don't be long term holding when coins raise to higher price, many trader greedy exactly when their coins assets going up and waiting to another higher price before back to lower price.

Whales can't do that with bitcoin all that easily, people think that it's the whales that pump and dump the price but it's all of us. We are talking about billions in trading which means that we are not going to see just a single whale that change anything.

We are going to see people reacting to the market, so if it drops even due to a whale just a little bit, we all end up selling together because of it and drop the price and then blame the whale for making it drop a bit. Like Elon, you think Elon made bitcoin or doge go up? Of course not, his money wasn't enough to make it go from 3 cents to 70 cents, he would have to spend all his money, he did not do it, then who did? All the people who bought because of him, it was all of us basically, we did that.

Small traders can't move the price of Bitcoin just by buying or selling, if you sold $5000 worth of Bitcoin you can't make it drop the price. So it's the institutions or whales are the reason why there's drastic up move or down move in the market. If you see the small volume candlesticks in the market usually that is small traders.

I agree that Elon can't make the price increases that much with his own wealth. But we have to accept that because he is famous, his tweet caused a hype to all of his supporters. A lot of investors and institutions take advantage on that, they buy and make the price move drastically and catch unaware people to buy with them before they sell off.

[AakZaki]

Whales can't do that with bitcoin all that easily, people think that it's the whales that pump and dump the price but it's all of us. We are talking about billions in trading which means that we are not going to see just a single whale that change anything.

We are going to see people reacting to the market, so if it drops even due to a whale just a little bit, we all end up selling together because of it and drop the price and then blame the whale for making it drop a bit. Like Elon, you think Elon made bitcoin or doge go up? Of course not, his money wasn't enough to make it go from 3 cents to 70 cents, he would have to spend all his money, he did not do it, then who did? All the people who bought because of him, it was all of us basically, we did that.

Everyone does contribute to the increase and decrease in coin prices, that's what is called the market, there are those who sell and then buy. Whales are only starters who will change market trends to their liking. Whales spread FUD because they want to get cheaper prices and when they get cheap prices, Whales spread the good news to start selling so they get lots of profits. It's just speculation and it's been set up behind the scenes. We just follow how the whales act and those who panic too much will have an impact on the market.

[Botnake]

These factors are always the basics when investing. You cannot invest on a certain thing if you don’t have an idea about it and how to make it work so you need to acquire adequate knowledge first so you can also understand your investment, and the purpose why you are investing in the first place. Then once you have gained your knowledge, develop your good attitudes towards investing. Knowledge without the right attitude will always be futile. And lastly, you have to be consistent on what your are doing. Keep learning everyday and always be creative and hardworking as that will definitely turn your investments into a success and progressive one.

[Fatunad]

Whales can't do that with bitcoin all that easily, people think that it's the whales that pump and dump the price but it's all of us. We are talking about billions in trading which means that we are not going to see just a single whale that change anything.

We are going to see people reacting to the market, so if it drops even due to a whale just a little bit, we all end up selling together because of it and drop the price and then blame the whale for making it drop a bit. Like Elon, you think Elon made bitcoin or doge go up? Of course not, his money wasn't enough to make it go from 3 cents to 70 cents, he would have to spend all his money, he did not do it, then who did? All the people who bought because of him, it was all of us basically, we did that.

Everyone does contribute to the increase and decrease in coin prices, that's what is called the market, there are those who sell and then buy. Whales are only starters who will change market trends to their liking. Whales spread FUD because they want to get cheaper prices and when they get cheap prices, Whales spread the good news to start selling so they get lots of profits. It's just speculation and it's been set up behind the scenes. We just follow how the whales act and those who panic too much will have an impact on the market.

Just go with the flow, even if we arent whales but at least we do have that kind of knowledge or common sense that we should really be having on need on the ride on which it would really be that understandable that

you should really know on how to handle up yourself with this volatile world. Success isnt something that could be known because there would really be lots of factors on which it would really be able to
affect your success rate due to some factors on which it would really be that understandable that you would be needing to adjust. Everything wont really be  that so simple on which it would really be
that normal  that you would be facing up lots of challenges along the way and it isnt something that you could really be able to avoid but at least you've been wary about the probabilities.

On this case, then you are already making  yourself that prepared and already have think about the things that you must do.

[TelolettOm]

Knowledge is the first thing to have. Knowledge make us know how to invest in a proper way, how the potential of crypto coins, and how to deal with risks. We also won't be affected with the FUDs if we have sufficient knowledge because we know what the truth is. Personally, I assume knowledge has the most crucial role for the success in a crypto investment or a crypto trading.

The second one to have is a strong mentality and good emotional management. These are needed to deal with FUDs and the high volatility in crypto, weak people never have a chance to success in crypto. We need to have good psychology to survive in crypto  business.

The last one to have is experience. People call it as the best source for lessons, experiences learn people to have a better attitude and smarter. If we have a lack experience, we probably won't be confident to hold crypto coins for a long time. It needs a lot of research and learning process, to be a confident holder/trader and have enough knowledge.

[jossiel]

Becoming a successful traders or investors isn't just about having the money to invest but knowing how to invest. You need the right guidelines, that's why the forum is very important as you can get good guidelines from people that have been in the industry before you.

There have been a lot of generous successful people here that have shared their thoughts about the market and not just that. It's about the market insights and the news that we're having.

These factors give someone an advantage as an investor be it in bitcoin or any altcoin that someone wants to get in.

Life lessons as well as guide for a newbie can be found if researchful.

[ancafe]

I came across a post by newbie asking how to be a successful trader and the things that must be considered before investing, so I was encouraged to create this topic for us to share our knowledge, so below are some steps to be considered before investing:

Unfortunately there are many things that some beginners sometimes don't do and they see results more often than the process. Anything they hear about making a profit will motivate them to do it, even if their level of knowledge about it is not very high. Trading only talks about strategy and accuracy to get profits and it takes a process to achieve these profits. Consistency will bring anyone to the stage of perfection in trading and experience will teach one how to use the right strategy.

If you only study theory and are not directly involved, the ability to take risks is much more difficult, but being directly involved without knowledge is also a big mistake that must be avoided. Use small trading opportunities to learn technical things and prioritize finding out how to do it right, theory must also be combined with practice because both are needed.

[jostorres]

Any sane person who wants to increase his capital in one way or another will learn about all the intricacies of the business from which he wants to make a profit. But to be successful or not, I think it depends on the amount of funds that are to be contributed. If the amount to be inverted is too small, even in a good market, will the owner enjoy profiting from a few pennies? And then to say that he is successful, I think, is not entirely correct. At this time, a good amount is important, and usually, not beginners own it but people who are already successful in some other business. Therefore, all guides are useful, but it is hard to believe that by following them, a beginner will succeed.

Well, it's obviously true that the size of your capital has a great influence on the success of your investment, and even if you gain success with a small capital, the outcome won't make much of a difference since it won't be much, so when someone thinks about making investments to earn money that they can use to do something, they should first make sure that they put together the capital that they will be using for their investment.

Once the capital is all ready, then one should go ahead and learn the industry they are diving in from top to bottom and leave no page unturned, because that is what's going to help them in their journey and won't let them fail at any step if they understand everything and do things the right way.

[Ziskinberg]

These factors are always the basics when investing. You cannot invest on a certain thing if you don’t have an idea about it and how to make it work so you need to acquire adequate knowledge first so you can also understand your investment, and the purpose why you are investing in the first place. Then once you have gained your knowledge, develop your good attitudes towards investing. Knowledge without the right attitude will always be futile. And lastly, you have to be consistent on what your are doing. Keep learning everyday and always be creative and hardworking as that will definitely turn your investments into a success and progressive one.

Consistency is very important actually. Many people have a good start and make money but as time goes by, they eventually change and become inconsistent and it leads to losses. That is why it is very important in trading and so much for newbies. If we get tired of learning and improving our skills, no way to expect success as we only just fail in the end. Keep motivated, focus on our goal, and be patient - nothing is impossible because success doesn't get too easy as it needs hard work and perseverance.

[Rockstarguy]

Becoming a successful traders or investors isn't just about having the money to invest but knowing how to invest. You need the right guidelines, that's why the forum is very important as you can get good guidelines from people that have been in the industry before you.

I just keep imagining how some people have a mentality that having money is enough for invest and no need to go further to make  research to get knowledge to make investment profitable.  Investment is not just just about money, knowledge matters so much. Knowledge is the principal thing for every investment,  with no knowledge the investment is just waste, their is no how it will be profitable. Knowledge is  the first element in investment , then money comes second.

[Russlenat]

Yes, it is not wrong to spend some dollars on learning before you start investing in bitcoin or trading. This is required in any field not only in crypto. If you enter any field and you do not have sufficient knowledge about it, you will surely fail.

Also, it is not wrong to benefit from the lessons of the past or the past cycles of Bitcoin because they are similar, but of course it is wrong to think that they will be exactly the same. History gives us useful lessons to learn from and benefit in the future to avoid mistakes.

There are many things that the investor must learn, and the most important thing is that he does not stop learning and constantly developing himself.

Some spend some dollars to buy online courses and to hire a mentor because they think it's better to learn this way but it's still possible to learn without any capital. We still have this forum, Youtube and other places which provides free crypto knowledge. Learning is necessary but it's crazy how some people can skip it because they are rushing to make money.

Well, they can get lucky but it's not sustainable. It's like they are only playing a gambling and most of the times they can only lose. Crypto market works in cycle so some strategies can still be able to work after some time though it's always better to have different strategies so that we can continue earning a profit at any market conditions.

Regardless if you spend for your knowledge or gained it free from online, as long as you absorb all the details that you needed to learn then that’s a good start. Acquisition of knowledge is very essential prior to developing your skills and strategies from your personal experiences in the market. That will increase the chances for a successful bitcoin investing. However, if you invest just for quick profits without exerting a lot of effort to learn, then it’s like gambling your capital. Your money and time will certainly go into waste.

[|MINER|]

For becoming a successful trader with bitcoin I think one thing is most important and that is the patience's. Also, the things you mentioned are not out of the norm. But it must be patient among bitcoin investors because only if patient can hold for long term and in long term bitcoin definitely brings a good profit. And for those who are not patient, I would say no to Bitcoin Training Mainly.

[Viscore]

Good pointers especially the part of investing in knowledge and understanding the risks.

But for these newbies to truly understand what they are up to, they really need to understand the deep meaning of understanding the risks and the only way to do that is to try investing in reality and feel the real pressure of becoming an investor, especially in the volatile world of bitcoin.

More importantly, don't rush profits. It will take time and patience plays a big role in everyone's success.

True. Without knowledge investment and risk management, starting an investment will always be an epic fail. That’s why you have to completely understand what you are investing and how risky it is so that you can always invest with extra caution and extra care. Most particularly for newbies as they can be lured for easy and quick profits when the fact is bitcoin investing is for long term hodling that’s why patience is highly commendable.

[ScamViruS]

For becoming a successful trader with bitcoin I think one thing is most important and that is the patience's. Also, the things you mentioned are not out of the norm. But it must be patient among bitcoin investors because only if patient can hold for long term and in long term bitcoin definitely brings a good profit. And for those who are not patient, I would say no to Bitcoin Training Mainly.

Patience is important to get good results from any investment. And if you invest in Bitcoin and hold patiently, you can certainly make good profits. But patience and knowledge are also required, if an investor does not have proper knowledge about Bitcoin then that investor will not be able to get good results from the market. Therefore, knowledge is important for all traders, investors, if you make a mistake in the market, the market will not give you another chance. Investors who have made huge gains from Bitcoin know exactly what Bitcoin is and how it works, because they have proper knowledge about Bitcoin.

[xSkylarx]

Good pointers especially the part of investing in knowledge and understanding the risks.

But for these newbies to truly understand what they are up to, they really need to understand the deep meaning of understanding the risks and the only way to do that is to try investing in reality and feel the real pressure of becoming an investor, especially in the volatile world of bitcoin.

More importantly, don't rush profits. It will take time and patience plays a big role in everyone's success.

True. Without knowledge investment and risk management, starting an investment will always be an epic fail. That’s why you have to completely understand what you are investing and how risky it is so that you can always invest with extra caution and extra care. Most particularly for newbies as they can be lured for easy and quick profits when the fact is bitcoin investing is for long term hodling that’s why patience is highly commendable.

The problem with some newbies really is that they easily get bated with high-yielding profits like ponzis, and also when they see someone that trades well and it turns out that trader is asking the newbie to join their paid signal groups, it is somewhat like they find a shortcut to earn or trade immediately, and that is the reason why they lose money. But again, you can't learn if you haven't experienced it, so that would be a hard lesson for all of those newbies.

[gunhell16]

Maybe that depends on the determination that you have, because you need to have a wide knowledge of Bitcoin, you can't just rely on what you think is right, you must be the one who knows it is right because you have a basis rather than an unfounded one, I hope you get it that's my point.

And you must be 100% wholehearted in the decision you make, you must stand by what you think about the positive you have in Bitcoin, hold on to it until you get it first.

[Mauser]

Remember the Past is Past
A mistake that many new investors make is looking at the past and extrapolating that to the future. Yes, Bitcoin used to be worth pennies, but now is worth much more, so investors look to the future, not to what an asset has done in the past. What will drive future returns, Traders buying a cryptocurrency today need tomorrow’s gains, not yesterday’s.

While it's true that the past is no guarantee for the future, I still find it the best guess we have today. When wondering what the price of a coin is going to be tomorrow, my first approach is to check the current price and the price one day ago. Observing the price at which exchanges traded a particular coin over the last several weeks is the basis for technical analysis. There are many trading indicators which rely on past data to try and identify trends that will keep running in the future. We can either believe in these trends or not, but if we don't believe it's hard to make consistent predictions of the future. For me technical analysis is a very important tool I have used many years now. I don't recommend to trust it blindly, but it can help new traders to build their own strategies. Just looking at the bitcoin price alone we can see that there are different cycles that change between bear and bull markets. Why not use indicators that help to identify these cycles.

[fauzan Ichsan]

Maybe that depends on the determination that you have, because you need to have a wide knowledge of Bitcoin, you can't just rely on what you think is right, you must be the one who knows it is right because you have a basis rather than an unfounded one, I hope you get it that's my point.

And you must be 100% wholehearted in the decision you make, you must stand by what you think about the positive you have in Bitcoin, hold on to it until you get it first.

indeed to invest in bitcoin the main thing is knowledge and then is confidence in what has been done, so that you have the courage to hold on for the long term, without feeling panic when price fluctuations occur. many fail to invest in bitcoin due to not having sufficient knowledge, and are actually overly confident that their money will double, things like that actually boomerang for themselves because they get panic attacks, which end in panic sells, that's what happens most of the time, besides they buy in the bullish season and hold hoping the market continues to rise

[irhact]

For becoming a successful trader with bitcoin I think one thing is most important and that is the patience's. Also, the things you mentioned are not out of the norm. But it must be patient among bitcoin investors because only if patient can hold for long term and in long term bitcoin definitely brings a good profit. And for those who are not patient, I would say no to Bitcoin Training Mainly.

You don't need much patience to become a good trader and it doesn't matter if you're trading altcoins or only Bitcoin, good traders needs smartness and that's what they'll use to battle the market and win. Patience is needed mostly when you're an investor. Traders also need patience but that shouldn't be what their career is built on. There's a big difference between trading and investing and it all has to do with the timeframe of holding your assets.

To benefits from investing in Bitcoin you have to hold for a longer period of time than an average trader will hold and that's why having patience is very important for an investor. But to profits from trading, you have to be able to take advantage of the volatility of the market.

[Inwestour]

While it's true that the past is no guarantee for the future, I still find it the best guess we have today. When wondering what the price of a coin is going to be tomorrow, my first approach is to check the current price and the price one day ago. Observing the price at which exchanges traded a particular coin over the last several weeks is the basis for technical analysis. There are many trading indicators which rely on past data to try and identify trends that will keep running in the future. We can either believe in these trends or not, but if we don't believe it's hard to make consistent predictions of the future. For me technical analysis is a very important tool I have used many years now. I don't recommend to trust it blindly, but it can help new traders to build their own strategies. Just looking at the bitcoin price alone we can see that there are different cycles that change between bear and bull markets. Why not use indicators that help to identify these cycles.

The problem with technical analysis is that it can't give us a definitive answer, only a possible future move. It seems to me that the trend can also tell us a lot about the future price movement. This is also not an accurate indicator, but in most cases, especially on large timeframes, it works well.

I also noticed, and heard this more than once from more experienced traders, that when the market is in flat, it is much easier to trade, because we can see repetitive movements and this can be used, but it is also important that this flat has an upward trend, this will give us more chances to make a profit.

[WatChe]

Patience is important to get good results from any investment. And if you invest in Bitcoin and hold patiently, you can certainly make good profits. But patience and knowledge are also required, if an investor does not have proper knowledge about Bitcoin then that investor will not be able to get good results from the market. Therefore, knowledge is important for all traders, investors, if you make a mistake in the market, the market will not give you another chance. Investors who have made huge gains from Bitcoin know exactly what Bitcoin is and how it works, because they have proper knowledge about Bitcoin.

Many think and come to crypto investment with intention that they will be rich overnight. This is prime reason why majority fails here. Bitcoin is volatile market and you need proper tools to handle this volatility. Two of the most important tools you already mentioned, i.e. patience and knowledge. You can only get success here if you can invest for long term like doing DCA. As far as knowledge is concerned it comes with time and practice.

[mvdheuvel1983]

To be more knowledgeable
Invest in knowledge before putting your hard earned money on bitcoin, the opportunities in the market is unlimited. Do not fall for the Fear of Missing Out because the opportunities always existing in the market especially if you train your mind to see it. People do not see those opportunities because they never invest in their knowledge. You have money to make investment but why don't you have spair money for your education? Lack of knowledge will lead you to incur losses and the only one to cure it is to make an investment in yourself. The investment that you will do is not for short term only, but it can help you to achieve a lot of great things in life. So what are you doing now? Don't hesitate and make sure that you should invest in your mind.

Everything you have written can be summarized under this first point. Knowledge is the basis or foundation for every investment. It a proper knowledge base is built from the onset , when there is a market crash, the newbie will not be troubled or worried because they have knowledge of the past Market crashes and they are confident that the market will bounce back up. The same thing goes with risk management , and others.

[rozak]

To be more knowledgeable
Invest in knowledge before putting your hard earned money on bitcoin, the opportunities in the market is unlimited. Do not fall for the Fear of Missing Out because the opportunities always existing in the market especially if you train your mind to see it. People do not see those opportunities because they never invest in their knowledge. You have money to make investment but why don't you have spair money for your education? Lack of knowledge will lead you to incur losses and the only one to cure it is to make an investment in yourself. The investment that you will do is not for short term only, but it can help you to achieve a lot of great things in life. So what are you doing now? Don't hesitate and make sure that you should invest in your mind.

Everything you have written can be summarized under this first point. Knowledge is the basis or foundation for every investment. It a proper knowledge base is built from the onset , when there is a market crash, the newbie will not be troubled or worried because they have knowledge of the past Market crashes and they are confident that the market will bounce back up. The same thing goes with risk management , and others.

yes, beginners do have to have a lot of knowledge in starting their investment. this affects how they will behave when market conditions do not go according to their plans. but unfortunately, not many beginners care about more knowledge. beginners are more serious about following signals and also directions from friends to trade or invest. this kind of thing may help beginners, but sometimes it hinders the development of beginners in broadening their knowledge and skills.

[Minecache]

For becoming a successful trader with bitcoin I think one thing is most important and that is the patience's. Also, the things you mentioned are not out of the norm. But it must be patient among bitcoin investors because only if patient can hold for long term and in long term bitcoin definitely brings a good profit. And for those who are not patient, I would say no to Bitcoin Training Mainly.

Patience is important to get good results from any investment. And if you invest in Bitcoin and hold patiently, you can certainly make good profits. But patience and knowledge are also required, if an investor does not have proper knowledge about Bitcoin then that investor will not be able to get good results from the market. Therefore, knowledge is important for all traders, investors, if you make a mistake in the market, the market will not give you another chance. Investors who have made huge gains from Bitcoin know exactly what Bitcoin is and how it works, because they have proper knowledge about Bitcoin.

Knowledge is the root, the foundation of all the rest, as long as you have knowledge, other factors such as patience and risk management ability will be formed after that. I don't believe someone can patiently hold a property they don't know what it is. It can be said whether we will succeed or fail, it is our understanding that will decide.

Don't just learn patience or just focus on risk management…but learn everything related to bitcoin, thereby increasing your chances of success with it.

[wtsimis]

I came across a post by newbie asking how to be a successful trader and the things that must be considered before investing, so I was encouraged to create this topic for us to share our knowledge, so below are some steps to be considered before investing:

Becoming a successful Bitcoin investor as a beginner requires a thoughtful approach and diligent effort. Below are some considerations and key steps.

1. Take the time to understand how Bitcoin working system, it's technology and its potential uses. Learn about blockchain, decentralization and the factors that can affect the price of Bitcoin.

2. Stay informed about the latest development news and trends related to cryptocurrencies.

3. Determine your investment goals and assess long-term investment and risk tolerance.

4. Start investing with the amount of capital that you will not have any problem losing.

5. Choose a safe and good cryptocurrency exchange that provides strong security for your assets.

But one thing to remember is that investing in crypto currency always involves risk so invest only after thorough research.

[lalabotax]

To be more knowledgeable
Invest in knowledge before putting your hard earned money on bitcoin, the opportunities in the market is unlimited. Do not fall for the Fear of Missing Out because the opportunities always existing in the market especially if you train your mind to see it.

Yes, by being knowledgable, newbies can prepare themselves better and wiser. What's more, investing in Bitcoin is very risky, it's not certain what you dream of, especially something that can make you rich suddenly. No.
In this case, it takes good knowledge to get involved in this crypto business so that everything that is planned and taken will not make us regret it.
Learning experiences from the past or from other people also needs to be done because this can make us more alert and understand the best.

[Ricardo11]

If you want to become a successful Bitcoin investor as a newbie, you must first gain detailed knowledge about Bitcoin and investing. you need to know about Bitcoin. Be aware of the potential of Bitcoin. And always be careful. Be careful when you invest then research well and invest at the right time. Be sure to check the Bitcoin market before investing in Bitcoin. And be sure to research and invest with a professional investor before you invest anywhere. then You can be a successful investor.

[ancafe]

Maybe that depends on the determination that you have, because you need to have a wide knowledge of Bitcoin, you can't just rely on what you think is right, you must be the one who knows it is right because you have a basis rather than an unfounded one, I hope you get it that's my point.

Everyone has their own way of determining investment success in bitcoin and besides knowledge I feel calm and not panic is the way that will bring success in investing. Knowledge of bitcoin is very important and instinct is also very much needed, someone who has been involved in bitcoin investment for a long time no longer talks about market fluctuations and conditions, because they know that the cycle will repeat itself according to the coming year. Except for the involvement of beginners who don't understand how to make the right investment, because in essence investing in bitcoin will not bring someone to experience losses if they don't panic and worry too much about the market.

And you must be 100% wholehearted in the decision you make, you must stand by what you think about the positive you have in Bitcoin, hold on to it until you get it first.

Knowledge will give birth to wholehearted confidence in investing because when you only hear the benefits of the way people are involved in investing, you will not draw conclusions. However, knowledge and courage are needed in facing risks, there is no place to make profits without risk involvement, but people must try to minimize these risks to a smaller extent.

[armanda90]

Knowledge will give birth to wholehearted confidence in investing because when you only hear the benefits of the way people are involved in investing, you will not draw conclusions. However, knowledge and courage are needed in facing risks, there is no place to make profits without risk involvement, but people must try to minimize these risks to a smaller extent.

Knowledge is the most important thing how to be success in trading exactly with cryptocurrency, but not all time depend with knowledge only because there are has skill and lucky how to be success as bitcoin investors. Some time after long time researching with some project or new coins for trading but many time miss out with our predicting and lucky some time can make us to earn much profit in cryptocurrency trading. Actually with knowledge can minimize with risk of trading but can't guarantee due how many trader have a lot of experienced in cryptocurrency trading but many time made the same mistake after investing and price drop later. Increasing knowledge is important but some time lucky could be moment help us how to be success in trading.

[Kimonoe]

Knowledge will give birth to wholehearted confidence in investing because when you only hear the benefits of the way people are involved in investing, you will not draw conclusions. However, knowledge and courage are needed in facing risks, there is no place to make profits without risk involvement, but people must try to minimize these risks to a smaller extent.

Knowledge is the most important thing how to be success in trading exactly with cryptocurrency, but not all time depend with knowledge only because there are has skill and lucky how to be success as bitcoin investors. Some time after long time researching with some project or new coins for trading but many time miss out with our predicting and lucky some time can make us to earn much profit in cryptocurrency trading. Actually with knowledge can minimize with risk of trading but can't guarantee due how many trader have a lot of experienced in cryptocurrency trading but many time made the same mistake after investing and price drop later. Increasing knowledge is important but some time lucky could be moment help us how to be success in trading.

Investing is pretty simple, we buy the safest coins and hold onto them until the bull season comes. but indeed it would be better to learn first to know before investing, so that we will remain calm in the face of an incident. it's different with trading, knowledge alone is not enough to become a successful trader, experience is needed which we have to practice a lot of real trading. that way later we will have a graph of the progress of our trading system so that it is hoped that we can become professional traders, by trading in a pleasant manner

[Dzwaafu11]

Be sure to check the Bitcoin market before investing in Bitcoin.

Although it's a nice thing to do as an investor to check the Bitcoin price, for someone who is ready to invest in bitcoin for a long period of time, the current price of bitcoin is not an issue. Because we still expect the bitcoin price to be higher than the current price as we are now thinking of the bull run soon, you can see that as far as he is ready to invest, even if it's a little amount, he can do that for now because he is still a newbie and he may see the price and feel discouraged when he sees that he won't be able to get much btc with funds in his hand. However, he shouldn't mind the price right now; he will definitely get his money back and profit if he is able to endure the risk and can hold for a long period of time.

And be sure to research and invest with a professional investor before you invest anywhere. then You can be a successful investor.

I didn't get you correctly with what you meant when you said that he should find a professional investor; did you imply that he should find someone more educated about cryptocurrencies than he is to handle his investments? If that's what you mean, I don't believe it's appropriate for him to date. However, he is capable of doing it for himself through his commitment to the cryptocurrency industry; if he makes an effort, he will invest the money himself because it is not difficult.

[Nrcewker]

For becoming a successful trader with bitcoin I think one thing is most important and that is the patience's. Also, the things you mentioned are not out of the norm. But it must be patient among bitcoin investors because only if patient can hold for long term and in long term bitcoin definitely brings a good profit. And for those who are not patient, I would say no to Bitcoin Training Mainly.

I agree Patience plays an important role in every type of investment. Be it crypto, Bitcoins , forex or stocks, patience always pulls you closer to success. If a person doesn’t have patience in any task or even if in investments, then definitely the task and investment will go in loss. Moreover as OP mentioned that he is a newbie, so I would suggest that all newbies try to acquire knowledge first before investing. When you are confident about the market, then only invest the amount that you can afford to lose.

[lixer]

For becoming a successful trader with bitcoin I think one thing is most important and that is the patience's. Also, the things you mentioned are not out of the norm. But it must be patient among bitcoin investors because only if patient can hold for long term and in long term bitcoin definitely brings a good profit. And for those who are not patient, I would say no to Bitcoin Training Mainly.

Patience is important to get good results from any investment. And if you invest in Bitcoin and hold patiently, you can certainly make good profits. But patience and knowledge are also required, if an investor does not have proper knowledge about Bitcoin then that investor will not be able to get good results from the market. Therefore, knowledge is important for all traders, investors, if you make a mistake in the market, the market will not give you another chance. Investors who have made huge gains from Bitcoin know exactly what Bitcoin is and how it works, because they have proper knowledge about Bitcoin.

Patience is definitely one of the most crucial aspects of trading, one cannot become a successful trader until one become too patient that they won't sell very easily no matter how bad market conditions might get sometimes, and this happens a lot of time with Bitcoin or other cryptocurrencies where you buy them at one point and soon after, you will see that they've dropped below that point and your portfolio is at a loss at that moment.

In such a situation, someone who is patient can control their emotions and won't panic sell by seeing their portfolio being red but they keep holding until the market recovers back which is what it generally does and then they start selling their assets one by one.

[el kaka22]

The best way I know would be making sure that you know what you are doing and do not take any risks. Obviously buying bitcoin and not selling it for many years would be the simplest one but too many people dislike that. So, I will tell another one which is not great but at least it is going to be decent; just end up getting ETH and BNB as well.

Also on top of that, binance offers staking, for these three, it is very small but if you have a lot of money or aim to put a lot of money in there, it will bring you something decent. That way you could end up with a profit, of course it is going to be a risk, but at least you will have some fun and have some income as well. That's what we should aim at, we need to be doing a lot better.

[ShowOff]

The best way I know would be making sure that you know what you are doing and do not take any risks. Obviously buying bitcoin and not selling it for many years would be the simplest one but too many people dislike that. So, I will tell another one which is not great but at least it is going to be decent; just end up getting ETH and BNB as well.

Also on top of that, binance offers staking, for these three, it is very small but if you have a lot of money or aim to put a lot of money in there, it will bring you something decent. That way you could end up with a profit, of course it is going to be a risk, but at least you will have some fun and have some income as well. That's what we should aim at, we need to be doing a lot better.

Simply put, buy and hold over the long term. But of course it's not as easy as it seems, obviously because beginners need more lessons and understanding to be able to control themselves when price volatility doesn't match reality.

To become a holder, beginners must be able to have extra patience. It's never easy, especially if they are afraid of losing money because its value has fallen sharply. If beginners are able to be patient with their investment, then they will be successful in getting worth it returns. It doesn't matter how long you wait, that's because investing in bitcoin is far more profitable than investing in other physical assets such as gold and the like.

[ancafe]

Investing is pretty simple, we buy the safest coins and hold onto them until the bull season comes. but indeed it would be better to learn first to know before investing, so that we will remain calm in the face of an incident. it's different with trading, knowledge alone is not enough to become a successful trader, experience is needed which we have to practice a lot of real trading. that way later we will have a graph of the progress of our trading system so that it is hoped that we can become professional traders, by trading in a pleasant manner

More precisely when mentioning bitcoin as one of those investments that most people really want, I will ignore the journey of some new projects for now in the crypto space. As we have seen in the past there are many reasons they cannot survive in the market long term. Knowledge is just the basis for someone involved in investing and how they control their risk whenever the market is hit. When they are not fully knowledgeable about bitcoins this is where they panic and try to sell bitcoins to avoid total loss in a severe correction market

Even though when they have knowledge and are calm in these conditions it doesn't make them lose. Investing in bitcoin is very simple, calm and skill is one's way to make a profit. Therefore it is important for beginners to understand the bitcoin journey process and it is this knowledge that makes them reach a conclusion.

Basically, whether it's investing or trading, it's still important to learn first,
there is much to learn which is far more important,
besides what you mentioned above managing risks and controlling emotions must also be considered and sometimes people forget this.

It will not achieve simplicity in investing when someone does not understand the right way. Investing is much easier to do than trading and that's why not everyone is suitable for doing it, because trading is not only necessary knowledge but experience is also needed. The keys to success in investing are knowledge, calm and not panicking. As simple as that?

[alastantiger]

To be more knowledgeable
Invest in knowledge before putting your hard earned money on bitcoin, the opportunities in the market is unlimited. Do not fall for the Fear of Missing Out because the opportunities always existing in the market especially if you train your mind to see it. People do not see those opportunities because they never invest in their knowledge. You have money to make investment but why don't you have spair money for your education? Lack of knowledge will lead you to incur losses and the only one to cure it is to make an investment in yourself. The investment that you will do is not for short term only, but it can help you to achieve a lot of great things in life. So what are you doing now? Don't hesitate and make sure that you should invest in your mind.  

Know when to stop with all the getting knowledge theoretical stuff and get practical with it. Some people when you ask them why they haven't invested in bitcoin yet despite doing all their crypto education, they'll just give you a silly excuse. When they do, I just know that what is holding them back is that they are afraid to make mistake or lose money. I usually say something to them in the line of - even if you make mistake, you want to learn from your mistakes. And if you don't learn from them you're not going to get anywhere. Make your mistake, make note of it, learn from it, move on and be a better investor.

 

[ScamViruS]

For becoming a successful trader with bitcoin I think one thing is most important and that is the patience's. Also, the things you mentioned are not out of the norm. But it must be patient among bitcoin investors because only if patient can hold for long term and in long term bitcoin definitely brings a good profit. And for those who are not patient, I would say no to Bitcoin Training Mainly.

Patience is important to get good results from any investment. And if you invest in Bitcoin and hold patiently, you can certainly make good profits. But patience and knowledge are also required, if an investor does not have proper knowledge about Bitcoin then that investor will not be able to get good results from the market. Therefore, knowledge is important for all traders, investors, if you make a mistake in the market, the market will not give you another chance. Investors who have made huge gains from Bitcoin know exactly what Bitcoin is and how it works, because they have proper knowledge about Bitcoin.

Patience is definitely one of the most crucial aspects of trading, one cannot become a successful trader until one become too patient that they won't sell very easily no matter how bad market conditions might get sometimes, and this happens a lot of time with Bitcoin or other cryptocurrencies where you buy them at one point and soon after, you will see that they've dropped below that point and your portfolio is at a loss at that moment.

In such a situation, someone who is patient can control their emotions and won't panic sell by seeing their portfolio being red but they keep holding until the market recovers back which is what it generally does and then they start selling their assets one by one.

When you are a Bitcoin investor you have to think smart, you know the market will bounce back from a certain point even if it goes below your bought area. Comparing Bitcoin with other cryptocurrencies would not be the right example, as we have seen cases where the top ranked coin in the market went to zero overnight. So Bitcoin investors who patiently observe the market and average their buying prices if they have funds in their trading account.

So being a bitcoin investor is a matter of patience, many big institutional investors bought bitcoins during the last bitcoin market dump and even had their portfolios down. Because they were smart enough and had faith in Bitcoin. As a result of their decision and patience, their portfolio is now up a lot. So being an investor is much more difficult than being a trader.

[Yamifoud]

 - Don't be afraid to lose as this will help you understand trading works.
 - Learn about every mistake that we did as this helps us to be more careful the next time
 - Keep Optimistic even though we suffered difficulties and losses because this will lead us to become strong

We have to remember that trading is risky and to gain success is not easy and fast. There is no magic in learning so we have to decide to become patient otherwise, we stop and leave.

[adzino]

You can't become a successful bitcoin trader (you mean trader when you say investor, right?) as a newbie. I don't know how people expects to make profit as soon as they start trading. You are a newbie. This means you know nothing. You are starting from zero experience. You will be making mistakes and end up with huge losses. Now if you still continue and learn from the mistakes, then yes you will eventually become a successful trader. Experience is what you need. The more experience you have with different trading situations, the better you will get in the long run! Just make sure you don't give up and keep yourself motivated to continue learning and trading.

[1vane]

➡️As a newbie looking to become a successful Bitcoin investor, here are some key points to consider:⬅️

1️⃣Educate Yourself: Begin by gaining a solid understanding of Bitcoin, blockchain technology, and the cryptocurrency market. Research reputable sources, read books, and follow credible experts to enhance your knowledge.

2️⃣Start Small: Begin with a modest investment. It's important to start with an amount you can afford to lose while you're learning and gaining experience in the market.

3️⃣Choose a Reliable Exchange: Select a reputable cryptocurrency exchange to buy, sell, and store your Bitcoin securely. Look for exchanges with a good track record, robust security measures, and user-friendly interfaces.

4️⃣Practice Risk Management: Diversify your investment portfolio by considering other cryptocurrencies and traditional assets. Set a budget for your investments and stick to it. Avoid investing more than you can afford to lose.

5️⃣Stay Updated: Stay informed about market trends, news, and regulatory developments. The cryptocurrency market is highly volatile, and staying updated can help you make informed investment decisions.

6️⃣Long-Term Mindset: Bitcoin is known for its price volatility. Rather than focusing on short-term price fluctuations, adopt a long-term perspective. Bitcoin has shown significant growth over the years, so consider holding onto your investment for the long haul.

7️⃣Secure Your Investments: Use hardware wallets or reputable software wallets to store your Bitcoin offline, away from potential online threats. Enable two-factor authentication for added security.

8️⃣Seek Guidance: Join communities, forums, and social media groups where you can interact with experienced investors. Engage in discussions, ask questions, and learn from their experiences.

9️⃣Emotional Discipline: Bitcoin's price can be highly volatile, leading to emotional ups and downs. Develop emotional discipline and avoid making impulsive decisions based on short-term market movements.

🔟Regular Evaluation: Regularly assess and reevaluate your investment strategy. Stay open to learning and adapt your approach as you gain more experience and understanding of the market.

Remember, investing in Bitcoin carries risks, and there are no guarantees of returns. It's essential to do thorough research, exercise caution, and invest responsibly.

[waONE]

- Don't be afraid to lose as this will help you understand trading works.
 - Learn about every mistake that we did as this helps us to be more careful the next time
 - Keep Optimistic even though we suffered difficulties and losses because this will lead us to become strong

We have to remember that trading is risky and to gain success is not easy and fast. There is no magic in learning so we have to decide to become patient otherwise, we stop and leave.

Indeed, there is no need to be afraid of losing or taking risks, but it must still be considered carefully,
trading is full of risks and it requires knowledge and experience,
the most important thing is to believe in the process by continuing to learn and remain patient.

[jaberwock]

You can't become a successful bitcoin trader (you mean trader when you say investor, right?) as a newbie. I don't know how people expects to make profit as soon as they start trading. You are a newbie. This means you know nothing. You are starting from zero experience. You will be making mistakes and end up with huge losses. Now if you still continue and learn from the mistakes, then yes you will eventually become a successful trader. Experience is what you need. The more experience you have with different trading situations, the better you will get in the long run! Just make sure you don't give up and keep yourself motivated to continue learning and trading.

Why not? Bitcoin can also be used in trading due to its amazing nature. It is highly volatile, and we know that it's the volatility that can make us buy low and sell high right? A newbie can be prone to beginner's luck. This is responsible for the profits that they are making despite of having less or no knowledge at all on the thing that they are doing.

Mistakes are fine. We all make it and it does not mean we can't learn from it and as a newbie, they can always start small or use the demo version first to prevent losing while getting familiarized on the platform that they are using. Let's not forget that the OP is talking about investing. This was easier than in trading. It's perfect for him as a newbie and the more the chance that he can become successful here.

[Oilacris]

- Don't be afraid to lose as this will help you understand trading works.
 - Learn about every mistake that we did as this helps us to be more careful the next time
 - Keep Optimistic even though we suffered difficulties and losses because this will lead us to become strong

We have to remember that trading is risky and to gain success is not easy and fast. There is no magic in learning so we have to decide to become patient otherwise, we stop and leave.

Or simply just not make yourself in a "RUSH".

Better to take up the path completely that slow but surely kind of approach on which it is really that something would be sensible for you to do so or something recommended.
On the time that you do tend to make up some trading then you would really be definitely be minding on making things to be in line on as soon as possible because you would really be that
expecting for it to bring or make income on sustainable way on which it would really be that something wrong to have in mind.

Becoming a bitcoin investor would surely count if you do accumulate or save up bitcoin for long term or you would really be making out some active trading into it.
It would really be definitely be your choice on what you should gonna do but of course its not bad to snip up some idea on other people on how they do things
and be sensible around on what are the takings of most common investors on this field.

[Bitcoin_people]

The best objective for an investment newbie is to gain knowledge and experience about the market. If you are interested in trading and investing then you need to follow special tips. All you need to know is the volatility of the market and when to invest in the market will be profitable and when to invest in the market will face losses. Avoid all these risks and get advice from a good investor on when to invest and not face losses. You should always carefully read and gain knowledge about analyzing various aspects of the market. Of course invest when you can master everything well. Invest patiently and keep away from emotions, then you will earn a reputation as a good trader in the future.

[rozak]

The best objective for an investment newbie is to gain knowledge and experience about the market. If you are interested in trading and investing then you need to follow special tips. All you need to know is the volatility of the market and when to invest in the market will be profitable and when to invest in the market will face losses. Avoid all these risks and get advice from a good investor on when to invest and not face losses. You should always carefully read and gain knowledge about analyzing various aspects of the market. Of course invest when you can master everything well. Invest patiently and keep away from emotions, then you will earn a reputation as a good trader in the future.

when you know everything, what is important for novice investors to do is to consistently make investment plans. do with purchases when the market allows us to invest. and gradually to increase the value of the Bitcoin investment that we have is the most important.
beginners sometimes have a lot of doubts, that's what makes them make mistakes when they enter at a good time but come out at the wrong moment. it will only make a loss.

[armanda90]

Not instant become bitcoin investor exactly for newbie, need step by step and learn more about cryptocurrency knowledge how to manage well with trading in bitcoin or altcoin. For newbie need to learn and read all source about coins or news publish by cryptocurrency media to know later price will up or down. Inside need to check with altcoin project road map or their project planning at the future is worth investing there or not, some newbies loss investment in bitcoin because not research or analyze more detail with project for investing.

But don't loss hope when losing more in trading because you can learn from mistake and know at the future what have to do when investing in bitcoin or altcoin.

[savetheFORUM]

The best way I know would be making sure that you know what you are doing and do not take any risks. Obviously buying bitcoin and not selling it for many years would be the simplest one but too many people dislike that. So, I will tell another one which is not great but at least it is going to be decent; just end up getting ETH and BNB as well.

Also on top of that, binance offers staking, for these three, it is very small but if you have a lot of money or aim to put a lot of money in there, it will bring you something decent. That way you could end up with a profit, of course it is going to be a risk, but at least you will have some fun and have some income as well. That's what we should aim at, we need to be doing a lot better.

I would never ever suggest a newbie buy certain cryptocurrencies and stake them only to get a small percentage of the total staked cryptocurrencies after such a long period, that is absolutely useless, it is way better to simply buy the trusted cryptocurrencies and keep them in your wallet and let them move up and down and sell them when the price goes up, buy again when it's down, doing this is much more fun than staking and sitting idle.

Also, when you have your tokens or coins staked, you can't sell them no matter how rapidly the market starts dropping, you will keep losing value and as your assets lose value, you will also lose value over the commission that you will be receiving through staking, so I don't think it's worth it.

[dunfida]

The best way I know would be making sure that you know what you are doing and do not take any risks. Obviously buying bitcoin and not selling it for many years would be the simplest one but too many people dislike that. So, I will tell another one which is not great but at least it is going to be decent; just end up getting ETH and BNB as well.

Also on top of that, binance offers staking, for these three, it is very small but if you have a lot of money or aim to put a lot of money in there, it will bring you something decent. That way you could end up with a profit, of course it is going to be a risk, but at least you will have some fun and have some income as well. That's what we should aim at, we need to be doing a lot better.

I would never ever suggest a newbie buy certain cryptocurrencies and stake them only to get a small percentage of the total staked cryptocurrencies after such a long period, that is absolutely useless, it is way better to simply buy the trusted cryptocurrencies and keep them in your wallet and let them move up and down and sell them when the price goes up, buy again when it's down, doing this is much more fun than staking and sitting idle.

Also, when you have your tokens or coins staked, you can't sell them no matter how rapidly the market starts dropping, you will keep losing value and as your assets lose value, you will also lose value over the commission that you will be receiving through staking, so I don't think it's worth it.

Staking is never worth it because with the volatility alone then it would already be having that significant percentage gains on which it would really be making you do able to gain up which way more that that you could really

get per year or annum with staking and same as you said for it not to be worth since prices could really be moving down and since you cant be able to pull off those coins since there's unbonding period then there's no way
that you could really be able to sell those coins totally on which means that you would really be getting caught if ever there would really be a crash.If we do talk about staking those top ranking coins in the market
then i could say that this is the only time i could say that it would really be that worth but for other coins? Nah it would be good if you wont mind such thing.

Success isnt something that you could really push it to happen because it would really be all depending on the things that you do along the way and since we do know that there are unexpected
things that could happen along the way which makes on reaching our goals or targets way more harder for it to be achieved and this would really be a never ending challenge basing up on
how we do live today.

[Vivageneviv]

I think the market has evolved overtime to accommodate crypto beginners. Now products like Grid trading, Copy trading and so on can be utilised to achieve results with little or no trading skills. As a beginner, just do your due diligence, you might want to explore those products where they are offered, Bitget for instance is like the biggest Copy trading exchange and this can be very effective for your early days investments

[TheUltraElite]

the most important thing is to believe in the process by continuing to learn and remain patient.

Being nonchalant about market movements is something that augments patience and helps the trader remain calm through times of bear market. This becomes evident when the swings are happening and the trader still has their long term goal in mind while placing trades.

This is not easy for a newcomer to understand and apply and most of them will fail miserably losing money. But those who manage to get the flow of the market into their hands will be able to profit.

For example, when the market is dropping and you have fiat at hand you start buying the dip. You dont panic and sell off your held bitcoins at a loss.