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Author Topic: Best guide amd step to learn to buy and trade  (Read 355 times)
Real FB (OP)
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May 26, 2024, 05:31:02 AM
 #1

Hi i am new into crypto world and i want to learn as much as possible so i ask if anyone know what is the basic steps to start and what guide is the best? I understand this is most different from what people think.. but it cant hurt to read it all.
First i just want to buy bitcoin for around 1000€. i will look at youtube today what the best way to do it is, then i want to learn trading but i will wait for that until i have teach myself more. we all start from scratch sometime?
I am so thankful for alll members here that taking their time to help me
barbara44
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May 26, 2024, 08:58:42 AM
 #2

First i just want to buy bitcoin for around 1000€. i will look at youtube today what the best way to do it is, then i want to learn trading but i will wait for that until i have teach myself more. we all start from scratch sometime?
Personally I am not seeing anyone successful on crypto trading who try to catch daily momentum or short term trends. If you want to be rich with your €1000 in bitcoin, I humbly like to suggest to be remaining a long term holder or else if you want to risk at least level then you can try to trade bitcoin for long term like buying bitcoin at the end of bearish trend (2015 January, 2018 and 2022) and selling at the end of bullish years like 2013, 2017 and 2021.

i ask if anyone know what is the basic steps to start and what guide is the best? I understand this is most different from what people think.. but it cant hurt to read it all.
Here are some topics from my bookmarks still nothing is guaranteed for a successful outcome. Anyhow, if you are still curious about trading bitcoins then all my suggestion would be, better risk only 5% or maximum 10% of your total-and-final available funds, here you go:

50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide
My Comprehensive Crypto Guide – Beating the Market 101
Master the Art of Crypto Trading with These 5 Simple Tips
Trading tips that helpfull for beginners
[GUIDE] Trading journal
BASIC TRADING UNDERSTANDING

Bureau
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May 26, 2024, 09:03:27 AM
 #3

Hi i am new into crypto world and i want to learn as much as possible so i ask if anyone know what is the basic steps to start and what guide is the best? I understand this is most different from what people think.. but it cant hurt to read it all.
First i just want to buy bitcoin for around 1000€. i will look at youtube today what the best way to do it is, then i want to learn trading but i will wait for that until i have teach myself more. we all start from scratch sometime?
I am so thankful for alll members here that taking their time to help me

The books suggested by barbara44 are good for understanding trading but be prepared to lose your investment when you start trading using a crypto exchange. It is not that easy as it sounds or seen and you will hardly find free time as a trader. Investing in Bitcoin is the best decision you have taken but remember Bitcoin is very volatile and you need to have patience to achieve your profit goal.
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May 26, 2024, 09:35:55 AM
 #4

Hi i am new into crypto world and i want to learn as much as possible so i ask if anyone know what is the basic steps to start and what guide is the best? I understand this is most different from what people think.. but it cant hurt to read it all.
First i just want to buy bitcoin for around 1000€. i will look at youtube today what the best way to do it is, then i want to learn trading but i will wait for that until i have teach myself more. we all start from scratch sometime?
I am so thankful for alll members here that taking their time to help me
but be prepared to lose your investment when you start trading using a crypto exchange.
This is not a good advice for a starter. Although you are trying to spill the truth out give him a possibility that he can as well do well if he gets into trading. In as much as there are losses in trading so there are lots of profits in trading and there are successful traders in the world. What OP should be aware of is that trading is not a get-rich scheme, any starter with that kind of mindset will surely fail at the end. Trading requires patience, consistency, and risk tolerance.


Real FB (OP)
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May 27, 2024, 09:42:20 AM
 #5

 wow, so many good information from everyone posts. thanks i will read everyone closely today.
batang_bitcoin
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May 27, 2024, 10:51:00 AM
 #6

I advise you to post every single problem that you encounter on this thread. Avoid someone who will try to PM you because as soon as they see that you're going to invest 1k Euros then it sounds like a plan to them and easy money since you don't know anything.
So, this isn't just a trading advice but also a tip on how to be safe from anyone that might try to offer help to you but has an intention to scam you.
Real FB (OP)
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May 27, 2024, 11:33:21 AM
 #7

I advise you to post every single problem that you encounter on this thread. Avoid someone who will try to PM you because as soon as they see that you're going to invest 1k Euros then it sounds like a plan to them and easy money since you don't know anything.
So, this isn't just a trading advice but also a tip on how to be safe from anyone that might try to offer help to you but has an intention to scam you.

oh thank you for sharing that, but why would anyone want to do that? I understand its bad people all over the place on eart but is not their accounts getting a bad feedback then? I take every advise seriosly to thank you. I will have this in mind always.

if i ask you, if you would buy bitcoin right now, where would you go? its just a question
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May 27, 2024, 12:47:51 PM
 #8

I advise you to post every single problem that you encounter on this thread. Avoid someone who will try to PM you because as soon as they see that you're going to invest 1k Euros then it sounds like a plan to them and easy money since you don't know anything.
So, this isn't just a trading advice but also a tip on how to be safe from anyone that might try to offer help to you but has an intention to scam you.

oh thank you for sharing that, but why would anyone want to do that? I understand its bad people all over the place on eart but is not their accounts getting a bad feedback then? I take every advise seriosly to thank you. I will have this in mind always.
There is no other reason for that but as long as they see someone with money, they'll come to get and trick you. No need for further explanations because that's what they have been doing all of their lives. Whoever they see as a potential victim, they'll come.

if i ask you, if you would buy bitcoin right now, where would you go? its just a question
For centralized exchanges mostly, Binance, bybit, okx.
For decentralized - https://hodlhodl.com/
siniminomorocomunisakito
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May 27, 2024, 01:00:59 PM
 #9

Hi i am new into crypto world and i want to learn as much as possible so i ask if anyone know what is the basic steps to start and what guide is the best? I understand this is most different from what people think.. but it cant hurt to read it all.
First i just want to buy bitcoin for around 1000€. i will look at youtube today what the best way to do it is, then i want to learn trading but i will wait for that until i have teach myself more. we all start from scratch sometime?
I am so thankful for alll members here that taking their time to help me

It's necessary to look for references, but if you do too much, you'll just get confused and dizzy. If you have that amount of funds, you register on the exchange and just buy BTC and if necessary, leave it alone, without you trading and in my opinion that's better than having to spend your time in front of a computer desk with unstable emotions looking at the fluctuating market.


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May 30, 2024, 08:08:05 PM
 #10

Hi i am new into crypto world and i want to learn as much as possible so i ask if anyone know what is the basic steps to start and what guide is the best? I understand this is most different from what people think.. but it cant hurt to read it all.
First i just want to buy bitcoin for around 1000€. i will look at youtube today what the best way to do it is, then i want to learn trading but i will wait for that until i have teach myself more. we all start from scratch sometime?
I am so thankful for all members here that taking their time to help me
In the bid to getting knowledge for trading and how well to getting into crypto, the best way is by getting a mentor as I'm very sure YouTube alone will not help you well enough because on you tube there are so many materials out there that could get you confused and consuming both the wrong and the wright knowledge and that alone wouldn't help you well enough because after consuming that much, you would need another length of time to getting to differentiate amongst all of the knowledge which is most appropriate and that which isn't and that which is what you need the most  and in some cases, this exercise alone will take you a whole lot of time which you would have been using to better your knowledge on trading but a mentor helps you get pass all of that without having to stress that much.

Trading is a skill that requires a proper acquisition of the knowledge before you venture into it else you may loose your funds and probably get to learn the hard way which in the long run will take you much more time than it would have done to you long enough if only you had a mentor who has all the experience and will teach you how to navigate without getting to make same mistakes as they did as well,

senyorito123
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May 30, 2024, 08:53:45 PM
 #11

Hi i am new into crypto world and i want to learn as much as possible so i ask if anyone know what is the basic steps to start and what guide is the best? I understand this is most different from what people think.. but it cant hurt to read it all.
First i just want to buy bitcoin for around 1000€. i will look at youtube today what the best way to do it is, then i want to learn trading but i will wait for that until i have teach myself more. we all start from scratch sometime?
I am so thankful for alll members here that taking their time to help me

Good to know that you're willing to learn from scratch, first of all you need to educate yourself through joining airdrops and other crypto related stuffs. Familiarization of different crypto projects is very important even though it's not guaranteed you will be given rewards. On that stage you could value time and efforts. Once you'll mature into it, you could learn how to make your asset safe using encrypted wallets.
From time to time, you could register at crypto exchange sites like binance or mexc. Maybe buying small cap assets like those that you can afford. Doing step by step research or watching videos is helpful aside from forum discussions.


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Ahli38
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May 30, 2024, 08:58:32 PM
 #12

Hi i am new into crypto world and i want to learn as much as possible so i ask if anyone know what is the basic steps to start and what guide is the best? I understand this is most different from what people think.. but it cant hurt to read it all.
First i just want to buy bitcoin for around 1000€. i will look at youtube today what the best way to do it is, then i want to learn trading but i will wait for that until i have teach myself more. we all start from scratch sometime?
I am so thankful for alll members here that taking their time to help me
For starters, you can really learn everything about trading itself. And you also have to understand crypto itself in more depth because your trading goal is the crypto market, of course. You just have to remember this, namely Don't be in a hurry to be able to make a lot of money from trading in a short time. Be patient and try to read more, watch more trading guides and watch videos of traders on youtube and such. And try practicing in the market with small capital and don't immediately use large capital. And the steps to understand about trading are quite simple. only limited to technical and fundamental analysis. And someday you will also have to understand sentimental analysis. And then before starting trading you also have to be able to manage your finances well. Because good money management is also needed in trading to minimize the risks taken. Oh yes, you also have to understand psychology in trading, where the mentality in trading also needs to be studied seriously. Because most of those who experience big losses in crypto trading are those who cannot control their psychology when trading. Or people also usually call it emotional management. And the two most important things in emotional management are controlling greed and fear.

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Potato Chips
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May 30, 2024, 09:18:35 PM
 #13

@OP, there's also https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

About buying 1k euros worth of bitcoin. You could try to key in your country and preferred payment method on https://buybitcoinworldwide.com/ and it'll return matching exchanges. Ideally, you would wanna go with reputable exchanges -- if you're not sure whether or not an exchange is reputable, you may ask us.

In case, you don't wanna go through identity verification, there's https://kycnot.me/?t=exchange&q=&fiat=on you could check out.

I understand its bad people all over the place on eart but is not their accounts getting a bad feedback then?

I would say many scammers would gladly take a bad feedback if they can scam 1K euros or even less plus they could always use throwaway accounts for this. Scam PMs are rampant in most crypto communities so I would also advise you to be cautious from PMs.

For decentralized - https://hodlhodl.com/

Just a small correction if you don't mind. Hodlhodl not decentralized but only non-custodial.

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bittraffic
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May 31, 2024, 05:29:03 AM
 #14


You just have to understand how the market works so you can buy BTC. You could even come up a strategy when you understand the market.

Understand that there is a pool or buyers and pool of sellers inside an exchange and that where you will try to chose which price you going to take when you want to buy. The cheapest is likely the one that you need to find in the orderbook type of exchange.


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June 01, 2024, 01:15:57 AM
 #15

Hi i am new into crypto world and i want to learn as much as possible so i ask if anyone know what is the basic steps to start and what guide is the best? I understand this is most different from what people think.. but it cant hurt to read it all.
First i just want to buy bitcoin for around 1000€. i will look at youtube today what the best way to do it is, then i want to learn trading but i will wait for that until i have teach myself more. we all start from scratch sometime?
I am so thankful for alll members here that taking their time to help me
Don't rush you already now have a best options for beginners which is looking some video tutorial on youtube,after looking at the video you will surely get an idea and after that you search a good strategy,and observed don't rush things may not happen the way you want if you rush to trade, don't use big amount of money if you want to trade while you are in learning stage to avoid big lose learn it in a very slow way with understanding for good.

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June 01, 2024, 02:15:00 AM
 #16

Hi i am new into crypto world and i want to learn as much as possible so i ask if anyone know what is the basic steps to start and what guide is the best? I understand this is most different from what people think.. but it cant hurt to read it all.
Don't hurry too much, calm down and don't join the market with trading if you don't have understand about it. Use your time to learn about this market, and start when you feel you have good knowledge already.

Awesome Cryptocurrency Trading.

When you finish your learning, start with Spot trading for purchasing your bitcoin, and withdraw it to your non custodial wallet. Hold your bitcoin, you will get good profit next 6 months and longer time even without need to trade daily.

Don't use margin and futures trading as a newbie in this market, you will lose your bitcoin.
Forced Selling (or Forced Liquidation): Definition and Examples

Quote
First i just want to buy bitcoin for around 1000€.
Do as above recommendation and you can buy it with one purchase or do DCA.

An example with $40 DCA each month, do this last 4 years, total invested capital $1,480. You can see good ROI.
https://dcabtc.com?sd=2021-06-01&sda=3_years&f=monthly&d=4_years&ac=4000&c=false

R


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June 01, 2024, 08:35:08 AM
 #17

Hi i am new into crypto world and i want to learn as much as possible so i ask if anyone know what is the basic steps to start and what guide is the best? I understand this is most different from what people think.. but it cant hurt to read it all.
First i just want to buy bitcoin for around 1000€. i will look at youtube today what the best way to do it is, then i want to learn trading but i will wait for that until i have teach myself more. we all start from scratch sometime?
I am so thankful for alll members here that taking their time to help me
I hope that you will not be able to watch a youtube video that's all about shilling their new projects. That's what most of the tutorial nowadays.

And after that, you will be guided by them on how to buy that specific token instead of how to buy Bitcoin. Start buying from known exchanges in your country and not with any other global exchange that's not operating in your country.

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June 01, 2024, 08:54:46 AM
 #18

It is difficult for a new person who has just started learning about trading and who wants to apply it practically to make a decision in the field of trading. It is very important that we always take the right decision in trading. I did not understand a thing, so I tried different ways to understand that thing and shared it with others, but we can know that thing, but if we do that thing without understanding one thing, then it will be wrong in that thing. Trading is a very short term but its significance is not so simple because of many reasons. Trading requires a lot of understanding, a lot of knowledge and learning from the market at every moment. As we have to analyze the market at every moment, we have to try to get an idea about how the market will change at every moment. Even after applying our best skills, we have to be in doubt as to which direction the market will move. Therefore, before trading, you should know well and then trade, it will reduce the risk of money a lot.

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June 01, 2024, 09:31:32 AM
 #19

You just have to understand how the market works so you can buy BTC. You could even come up a strategy when you understand the market.

Understand that there is a pool or buyers and pool of sellers inside an exchange and that where you will try to chose which price you going to take when you want to buy. The cheapest is likely the one that you need to find in the orderbook type of exchange.
Market works like it dips and pumps. Even though it's also basic but I think he should focus more/first on how BTC works. Anyway, the OP is here because he wants us to spooonfeed him even though it's only easy or basic to look for the basics in Bitcoin ecosystem such as buying our first BTC. I think understanding the market is not enough to immediately come up with a strategy but we need actions first and built enough experience.

Once we start learning from our mistakes, that's where strategy will show up. The orderbook thing you said there seems not made for the beginners but there are still exchanges or should I say swapping platform that are instant. He can start there first. BTW they are also found inside of some crypto wallets.

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June 01, 2024, 09:37:17 AM
 #20

Hi i am new into crypto world and i want to learn as much as possible so i ask if anyone know what is the basic steps to start and what guide is the best? I understand this is most different from what people think.. but it cant hurt to read it all.
First i just want to buy bitcoin for around 1000€. i will look at youtube today what the best way to do it is, then i want to learn trading but i will wait for that until i have teach myself more. we all start from scratch sometime?
I am so thankful for alll members here that taking their time to help me

Acknowledging your intro as a newbie in the Crypto sphere and your quest to venture into the crypto market as trader, I'd just want to call on your attention to be sure of what you mean because as a newbie, there's possibilities of misconception between trading and Investing on bitcoin which I doubt if you mean to trade instead of to invest.
In differentiation, Trading on bitcoin evolves around a short term goal which can be very risky because their trading times could always befall the downtimes of the market price which they can't objected to. Investing evolves around long term goal with an objective to catch up during a market increase.
So I'll let you take a path to be sure of your desired before I can proceed to be best guidance I can afford.

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