These indications may be helpful for individuals to think about theirs victory. I just think that day trading is better and has a fruitful results but these days it is hard to execute your aim because every coin is dropped. It is not clear that at the end of this year certainly the crypto will rise because no one can exactly get prediction regarding it. Market is uncertain there is worse situations currently and it is hoping to be improve in emergence years
I think what you said here is not right at all but here you have to go with your own mind if you want to go there without your own mind then you have to face a lot of danger here so you always have to go with your own mind and always think about these things. You have to think and then move forward 
Topic: An advice for newbies and plebs (Read 1617 times)
Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.
2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.
I agree with you. The current market situation is refers to a long bearish trend. From now everyone should keep in mind this situation and wait for the bull market. During this period those who want to move their investments from here to a better position should definitely save money and take advantage of this bearish market until the bull market is started.2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.
There's no way on knowing on what are the things that would happen ahead and with some advice for noobs that they shouldnt easily panic out whenever they do see declines.
Continue to learn up on how this market behaves and soon you would realize.
Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.
2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.
I agree with you. The current market situation is refers to a long bearish trend. From now everyone should keep in mind this situation and wait for the bull market. During this period those who want to move their investments from here to a better position should definitely save money and take advantage of this bearish market until the bull market is started. 2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.
These indications may be helpful for individuals to think about theirs victory. I just think that day trading is better and has a fruitful results but these days it is hard to execute your aim because every coin is dropped. It is not clear that at the end of this year certainly the crypto will rise because no one can exactly get prediction regarding it. Market is uncertain there is worse situations currently and it is hoping to be improve in emergence years
You are right, I hope people will listen buying the way down will only need you to buy more and wait for market cycle to reverse for you to be in profit. I would prefer to start buying after the consolidation is over.
Simply stop day-trading, or any more active form of trading.
It just depends on the ability of certain traders. If they want to do day-trading then do it, you shouldn't let people like this tell what to do and tell em to avoid certain thing. If you are capable to do day-trading and know the risk of this type of trading, then you should go for it maybe you will earn something from it. I just hate it when people say, please stop doing this and then do this, where they don't even give the correct reason of this.despite of having a bear market but these things would be only possible for those who are experienced enough on dealing with the market.It might not really be that simple but we are once a newbie which
it is really just depending on how good we do trade and able to learn up things along the way or something that will really be relevant with our trading career.
Simply stop day-trading, or any more active form of trading.
It just depends on the ability of certain traders. If they want to do day-trading then do it, you shouldn't let people like this tell what to do and tell em to avoid certain thing. If you are capable to do day-trading and know the risk of this type of trading, then you should go for it maybe you will earn something from it. I just hate it when people say, please stop doing this and then do this, where they don't even give the correct reason of this.
Profit is still a profit so if we'll wait for the cheapest price which is unknown, we might only miss the chance.
that's the important point of crypto investment, especially investment in Bitcoin. when we just wait for the cheapest price, then we really won't see it. when we buy, there is also a possibility that the price will continue to fall. and what we can do is buy gradually to keep getting a good price.as long as we patiently wait for the next pump, we have nothing to lose on this investment. those who lose, are those who buy and sell when prices fall. the person panicked to see the market situation.
like you said if we just wait i don't think it will be effective,
buying or selling gradually is much better and we really have to know when it's time for that
Profit is still a profit so if we'll wait for the cheapest price which is unknown, we might only miss the chance.
that's the important point of crypto investment, especially investment in Bitcoin. when we just wait for the cheapest price, then we really won't see it. when we buy, there is also a possibility that the price will continue to fall. and what we can do is buy gradually to keep getting a good price.as long as we patiently wait for the next pump, we have nothing to lose on this investment. those who lose, are those who buy and sell when prices fall. the person panicked to see the market situation.
Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.
Your idea is not bad. I support it. Now the market is in an upheaval. Doing market analysis is now a difficult task. we should wait until the market stabilizes to investment on it.2022 - It might be a bear market.
Yes, the market is behaving like this now.2023 - It might be the next opportunity to buy the Bitcoin DIP.
Bitcoin is already in Dip. If you want to see more dips then it has to go below $ 20k. Which is somewhat impossible.2024 - It might be the new BULL MARKET.
2024 will definitely be a bull market. And Bitcoin including All Coins/Tokens will create a new ATH. Bitcoin might touch $100k on that ride.If we'll look at Bitcoin's cycle history, it's how it moved during the past few years but as for me, it will be hard for us to notice if it's the dip and we might only miss the opportunity to buy at a low price if we'll wait for that. Buying this season will still be the best thing to do and hold it until the bull market approaches. Profit is still a profit so if we'll wait for the cheapest price which is unknown, we might only miss the chance.
Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.
Your idea is not bad. I support it. Now the market is in an upheaval. Doing market analysis is now a difficult task. we should wait until the market stabilizes to investment on it.2022 - It might be a bear market.
Yes, the market is behaving like this now.2023 - It might be the next opportunity to buy the Bitcoin DIP.
Bitcoin is already in Dip. If you want to see more dips then it has to go below $ 20k. Which is somewhat impossible.2024 - It might be the new BULL MARKET.
2024 will definitely be a bull market. And Bitcoin including All Coins/Tokens will create a new ATH. Bitcoin might touch $100k on that ride. I think the OP is really right, I wont really advise anybody to start day trading now, the best thing is just to accomulate enough money and invest later, the way most people are thinking their will be a bull run this year I don't think that will be possible, am expecting bear market this year which will give everybody opportunity to buy coin at a very cheap price, which I will advise everybody to just buy now, hold and wait for the next bull run.
Indeed when the bear market is our opportunity to buy potential coins,but it must also be realized that making decisions in the midst of such conditions is not an easy thing and requires research,
regarding the bull market we don't know when it will happen and it's better to follow the market movement
I think the OP is really right, I wont really advise anybody to start day trading now, the best thing is just to accomulate enough money and invest later, the way most people are thinking their will be a bull run this year I don't think that will be possible, am expecting bear market this year which will give everybody opportunity to buy coin at a very cheap price, which I will advise everybody to just buy now, hold and wait for the next bull run.
I would advise such users not to rush to invest in work. You need to be prepared for the fact that losses are real in trading and you need to be ready for this.
Simply stop day-trading, or any more active form of trading.
It just depends on the ability of certain traders. If they want to do day-trading then do it, you shouldn't let people like this tell what to do and tell em to avoid certain thing. If you are capable to do day-trading and know the risk of this type of trading, then you should go for it maybe you will earn something from it. I just hate it when people say, please stop doing this and then do this, where they don't even give the correct reason of this.
That's true for some traders, but it's not entirely true for the majority of "traders", especially those "traders" who are merely plebs like us.
In day-trading, changing your bias every minute/hour could cause you mental disorders from the stress if you do it for years. Plus you're only profit is cents per dollar traded. Why would you spend your whole day looking at charts when it's profitable to simply Buy the DIP, and HODL?
For beginners, I advise you to definitely devote time to a demo account. And for those who can not invest a lot - this is also a good option. At least, when I started working with a broker from AMarkets, I did just that.
What is a demo account and how can I get one?
One thing for newbies to remember if it is not an obvious bull run remember there will always be another chance coming around either for selling or buying. So it is crucial to be patient. Be patient. This is experience talk not some will guessing.
In Crypto it's all very speculative with high levels of volatility. Don’t risk more than you can truly afford to lose. I tell most people to consider investing 1 to 5% of their net worth, especially until they understand it. DCA in a little bit at a time and HODL.
Most of newbies did not buy in bottomed and when market goes up then start buying. It's not good strategy. Bear markets are the best times to buy as u get everything at discount . If u can hold long time u will always make money in solid coins .the market has not bottomed yet . Wait a few more months and slowly it will recover.
this happens because they get news that can affect their thinking for fear of missing the moment. when the market is bearish they are afraid to buy, because for him an attractive market is a market that reacts immediately to make a profit. even though it really takes patience and managing greed so that you get the targeted profit. that's the fomo effect for beginners and if we don't change our mindset, then we will only become victimsMost of newbies did not buy in bottomed and when market goes up then start buying. It's not good strategy. Bear markets are the best times to buy as u get everything at discount . If u can hold long time u will always make money in solid coins .the market has not bottomed yet . Wait a few more months and slowly it will recover.
Newbie are called newbies this people don't know what is right and what is bad for buying and selling and the normal time to buy and time to sell when you see some people losing that shows they are not aware of that and they are suppose to sell when their is profit from what they buy. And in addition they are suppose to buy when the market is below, if you buy when the market is high and sell when is low you have a lost and newbies do not notice all this in time Jump to: