Topic: 8 tips to read for trade Bitcoin and Altcoin (Read 133 times)

Many new projects give investors an early opportunity to buy part of the project (tokens or coins) for a good price.

The objective of the investors is to conduct trading tokens from the first day on the exchange and will bring good profit to the members of the ICO project. In recent years, there have been many successful ICOs, both in the project and particularly in measuring productivity for investors. The value of their coins doubles, or triple their value. The crowd sales project of Augur has generated profits for investors up to 1,000%. But, not all projects are profitable for their investors. Many ICOs are actually blatant schemes, some of which have disappeared with the money of investors.

Should you invest in an ICO? You should pay attention to the seriousness of the project and the team developing it. Look for the project website (see if it has to be built from a professional team?). Who are the people behind the project - are they anonymous by the nickname or proud to introduce themselves on the site? Pay attention to the Bitcoin topic (does it exist or not?) And how members of the group respond to technical questions. Do they have a large community to support the project? Wait for people to gather information about that community. Tracking Amounts of Growth: A project with too little growth may not be able to grow over time, a project that grows too strong - there will not be enough investors to buy coins on the floor. And most importantly, risk management. Never put all the eggs in the same basket.

Cost: Many trade settings will make you increase costs. You should place a buy order and not buy from the order book (taker). On the Poloniex exchange, the difference in price is usually 0.1%.
    Do not put pressure on investing: Do not start unless you are in good condition to make a decision and know when and how to get out of the investment. Pressure almost always causes a loss. Be calm and wait for the next opportunity.
    Set goals and place orders: Always set goals by placing sales orders. You do not know when whales will push up your coins.

A successful strategy is to place a very low buy order. About a week ago, the price of Augor coins fell by 25% of its value! After a short period of time, the market recovered slightly and anyone who bought coins at low prices would be profitable 2 to 3 times the value they invested. Placing a buy order requires that you pay special attention to it and the market fluctuations, do not set a buy order higher than the current market price.

Buy rumors, sell news - Buy the rumor, sell the news. When large news sites release articles, it's usually time to leave the investment area.
    You made a very good investment, but as always, you lost the right time to sell the coins! First, let's find out - Murphy's Law. Then read through what was written in this article and never make an investment when you are feeling the pressure. If investment is still profitable - keep going. Please carry out the next transaction.
    Do not place too much emphasis on your investments, but enough to make a profit. Do not waste resources (time and money) to prove that you should be involved in that investment. Remember, no trader ever loses. Remember that always keep the total return on investment higher than the loss.

You should not get panic under any situation.You should not blindly follow the FUD and trolls.

I'm not going to lie this is a pretty useless list. There are just concepts listed, only the first two have some information of substance and beyond that, there's nothing that actually talks about how to apply any of the "tips" you offered within your post. An example of a better post, for future reference, using your list as an example, you go like this:

1: [Copy with some minor edits]
2: Set an objective and make sure your stop loss isn't too high/low (Even though I can't think of any exchanges with stop loss options)
3: Don't buy into FOMO
4: Manage the risks you take, don't go all-in
5: Watch for news which can result in market fluctuations
6: (I don't know how to fix this one)
7: Utilize ICOs but realize there are some real trash investments out there
8: (I don't know how to fix this one either)

That's how you'd fix it unless this is supposed to be a series of titles to portions of a book in which case it is even worse to post it in this format.

Only start when you know why you start and have a clear strategy.

Not all traders can make profit from trading, as this is a zero-sum game (you will make a profit when someone drops them). The Altcoin market is driven by large "whales" (they are large Bitcoins). Whales just wait for the innocent fish as we make mistakes. Even if you want to trade every day, sometimes it is best not to do so, instead of jumping into the whirlpool and making yourself lose money. From my experience, there are days when you should just keep your profits by not doing any transactions.

Safety rules were written with blood.
This statement sounds familiar to many people. Although we do not have to face the risk to our daily lives, the wrong decision scenarios when investing make you lose money and lose some precious bitcoins will be the ones you do not want to be. experience.
So, how can we avoid mistakes while trade? How to find safe coin trading technique? How effective is trade coin? First, you need to focus 100% on this task. Secondly, trade is not for everyone. The tips below are easy to understand because these tips are "written in the bloody experience" (by the author). However, they can still be difficult to apply in real time. And, we are not always well-informed enough to make rational decisions.
1 / Set the reason and goal before participating in each trade
2 / The objective and stop loss level is reasonable
3 / FOMO (fear of missing out)
4 / Risk management
5 / Potential assets cause market fluctuations
6 / Tips for trade Altcoins
7 / ICOs (crowd sales)
8 / Finally, practical tips that you can do right away