An advice for newbies and plebs - page 2.

Anders_Bitcoin

newbie

Activity: 42

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Quote from: Wind_FURY on March 05, 2022, 06:32:10 AM

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.

This is an established system. Those who have been in bearish cycles before understand how it works. It's just time to accumulate bitcoin and other assets. I also do this and I am a supporter of cryptocurrencies, but I also regularly open short positions on wowswap on bitcoin, because we need to realize the fact that we are already in a bear market and making money on a short position is much easier now than it was a last autumn

MFahad

hero member

Activity: 2506

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Eloncoin.org - Mars, here we come!

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.

kotajikikox

full member

Activity: 2548

Merit: 217

Quote from: carlfebz2 on May 09, 2022, 02:30:25 PM

Quote from: Dessy88 on May 09, 2022, 12:46:48 PM

One of the reasons i am with you is that a few days after the end of the bear market the number of investors suddenly dropped. At that time almost all currencies had a dip value. However there are a lot of new traders who just jump on the bandwagon of investing or trading on the word of others so I want to tell them to learn from their own consciousness because bear market will come to the fore.

Lets say on that bear market is currently happening as of this moment on where price had dipped down so hard which there's a possibility that we might go even way more lower this time.No one had anticipated

but Yeah , it happened and the price continues to fell lower nowadays, we might be seeing another lowering week and in the weeks to come as the second quarter is just starting the dumping season.

Quote

that we would really be going low this hard on this particular year considering that we had some good run on last years and hope that it would continue for this year but we are seeing the opposite thing
this time.

but there is no opposite happening but it is the dump that covers the whole market now.

Quote

Advice for noobs or new people into this market is that they should really be aware on how unpredictable and volatile this market is.Dont put yourself on high hopes
on making profits because this isnt something simple that could really be attained.

and they must be knowledgeable that the market of crypto may bring them profit in short term? but mostly in long term .

stepwilli

sr. member

Activity: 1045

Merit: 273

The best thing to do right now is buying/hodling. My best advice for any newbies out there would be to hang on and do something when you are ready, not to rush into anything, but also be ready for an increase at any moment. You should be ready to get in at a moment's notice, which means having some money in Binance or any other exchange that you are using so that you could get in right away.

I know that it is scary to think about putting that much money into something you never or rarely invested and hoping that it would do when you have seen it do so badly so far, but it will surely get better, at least the top ones, and you could make a lot of profit.

sulendra12

hero member

Activity: 2814

Merit: 526

Undeads.com - P2E Runner Game

Quote from: Wind_FURY on March 05, 2022, 06:32:10 AM

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.

SaveOurSea

full member

Activity: 910

Merit: 100

Quote from: Kasabus on May 12, 2022, 05:06:45 PM

Quote from: Wind_FURY on March 05, 2022, 06:32:10 AM

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.

Day trading is not that profitable anymore, the reason why many of us here preferred long term trading instead. Though we are expecting the market to follow bullish and market cycle, but it seems that the market will always have a long term duration of bear market these days, this is why long term hodling is encouraged. However, knowing the market is very unpredictable, so let's grab every opportunity that comes and make profit when the timing is right.

If you see a bearish market condition, it is very risky for daily trading and definitely needs to be reconsidered,
You also need to be careful in making decisions because if you are rash and in a hurry, you will most likely lose money,
there is also truth in what you say and the important thing is to always take advantage of the opportunities that exist to make a profit

Shasha80

sr. member

Activity: 1876

Merit: 318

Quote from: Fatunad on May 12, 2022, 04:13:54 PM

Quote from: sklopan on May 12, 2022, 10:28:23 AM

The most important task for a trader, as for me, is training. For a beginner, this aspect plays a crucial role and requires maximum attention.

Experience is the key and should really be the thing that you would be minding off specially when you are just starting up because having a good grasps into something which are engaging
where it is really that sensible for you to learn up things along the way and able to earn up enough experience for you to make yourself somewhat effective into this field because if you dont
then you would really be having a hard time on dealing with price volatileness and unpredictability.

Experience is the best teacher for us to understand how the crypto market works. Therefore, an inexperienced person will find it more difficult
to understand the movement of volatile cryptocurrencies. That is why we must study hard and practice trading, in order to improve our experience.
So don't give up when we trade losses several times, those bad experiences will teach us how to avoid the next loss. Until we finally understand
how to generate sustainable profits, therefore being a successful trader requires a lot of sacrifices. And there's no such thing as an instant successful
trader, we need to experience several failures first. But as long as we can go through the process patiently, I believe we can become successful traders.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: Wind_FURY on March 05, 2022, 06:32:10 AM

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.

Day trading is not that profitable anymore, the reason why many of us here preferred long term trading instead. Though we are expecting the market to follow bullish and market cycle, but it seems that the market will always have a long term duration of bear market these days, this is why long term hodling is encouraged. However, knowing the market is very unpredictable, so let's grab every opportunity that comes and make profit when the timing is right.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: sklopan on May 12, 2022, 10:28:23 AM

The most important task for a trader, as for me, is training. For a beginner, this aspect plays a crucial role and requires maximum attention.

Experience is the key and should really be the thing that you would be minding off specially when you are just starting up because having a good grasps into something which are engaging
where it is really that sensible for you to learn up things along the way and able to earn up enough experience for you to make yourself somewhat effective into this field because if you dont
then you would really be having a hard time on dealing with price volatileness and unpredictability.

sklopan

jr. member

Activity: 98

Merit: 2

The most important task for a trader, as for me, is training. For a beginner, this aspect plays a crucial role and requires maximum attention.

kapalmabur

sr. member

Activity: 2002

Merit: 250

Quote from: Pandu Geddon on May 11, 2022, 11:59:04 PM

Quote from: Kimonoe on May 11, 2022, 09:52:56 PM

but as long as we hold the coin safe, I think as long as it is also not wrong to buy, it's just that this is not good for day traders, because they have to really take advantage of small opportunities to make profits every day. Unlike investors, where it is better to hold it until you get a profit according to the target, holding it is also not as easy as we imagine because it requires patience and strong emotions.

in not so good conditions I guess trading can be temporarily suspended, and prepare for long term investment assets.
if you want to continue trading, I think playing futures trading with small capital can be done to make a profit. For spot trading, of course, it will be very risky if you have to survive a bad market situation.

By looking at the current market conditions, it is indeed very risky to trade and if you continue to do so of course the consequence is losing money,
we must be wise in doing something in the midst of conditions like this,
Moreover, we also don't know how long this condition will continue

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: nur rochid on May 09, 2022, 10:32:03 AM

Quote from: TheUltraElite on May 09, 2022, 03:11:33 AM

Quote from: zaesvlas on April 17, 2022, 11:06:20 AM

The most important thing for a beginner is definitely the learning process.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

when we get to know cryptocurrency, of course we imagine something fun, I think it's a normal thing, but we also have to be smart in dealing with it, this means we have to understand about crypto before investing. the most important thing to pay attention to is psychological, where we must be able to restrain ourselves with personal analysis to enter or exit the market

This is like saying trading is easy, but when you tackle the basics of trading you will say that it isn't easy because you need some patience to do it. This is the same with crypto in that you will say it is easy to earn from it, but later on it isn't. For all things in terms of investing, you really need knowledge first before jumping into it or having your money invested in it, because without knowledge you will lose your capital.

Pandu Geddon

hero member

Activity: 826

Merit: 583

Quote from: Kimonoe on May 11, 2022, 09:52:56 PM

but as long as we hold the coin safe, I think as long as it is also not wrong to buy, it's just that this is not good for day traders, because they have to really take advantage of small opportunities to make profits every day. Unlike investors, where it is better to hold it until you get a profit according to the target, holding it is also not as easy as we imagine because it requires patience and strong emotions.

in not so good conditions I guess trading can be temporarily suspended, and prepare for long term investment assets.
if you want to continue trading, I think playing futures trading with small capital can be done to make a profit. For spot trading, of course, it will be very risky if you have to survive a bad market situation.

Kimonoe

member

Activity: 700

Merit: 10

Quote from: martyns on May 11, 2022, 10:54:05 AM

Quote from: TheUltraElite on May 09, 2022, 03:11:33 AM

Quote from: zaesvlas on April 17, 2022, 11:06:20 AM

The most important thing for a beginner is definitely the learning process.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

The learning process is always complex for newbies who are not serious in the space. For a newbie to be serious, you needs the basis of Crypto to progress in the space. When the market is down, buy low and sell high in the bull market. Newbies need impatience in the space, if you are keeping Hodl of a coin, continue to hold because this is the market, you never can tell what will be the next target of the coin. Bullish moved are sometimes trapped moves for investors. Newbies needs a strong mindset on how to deal with the market when it's in dump.

but as long as we hold the coin safe, I think as long as it is also not wrong to buy, it's just that this is not good for day traders, because they have to really take advantage of small opportunities to make profits every day. Unlike investors, where it is better to hold it until you get a profit according to the target, holding it is also not as easy as we imagine because it requires patience and strong emotions.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: martyns on May 11, 2022, 10:54:05 AM

Quote from: TheUltraElite on May 09, 2022, 03:11:33 AM

Quote from: zaesvlas on April 17, 2022, 11:06:20 AM

The most important thing for a beginner is definitely the learning process.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

The learning process is always complex for newbies who are not serious in the space. For a newbie to be serious, you needs the basis of Crypto to progress in the space. When the market is down, buy low and sell high in the bull market. Newbies need impatience in the space, if you are keeping Hodl of a coin, continue to hold because this is the market, you never can tell what will be the next target of the coin. Bullish moved are sometimes trapped moves for investors. Newbies needs a strong mindset on how to deal with the market when it's in dump.

When you dont really have that passion to learn then you would really be having that kind of hurrying approach which isnt really that recommended because its really prone to mistakes or errors
thats why its better to be slow but having that assured thing kind of approach when dealing with the market.This isnt something that you could deal easily and its not really something
that you could really learn up in a short span of time.Just be slow and be sure on how you do deal up with things and be careful about being that impulsive kind of behavior.

martyns

full member

Activity: 840

Merit: 137

Quote from: TheUltraElite on May 09, 2022, 03:11:33 AM

Quote from: zaesvlas on April 17, 2022, 11:06:20 AM

The most important thing for a beginner is definitely the learning process.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

The learning process is always complex for newbies who are not serious in the space. For a newbie to be serious, you needs the basis of Crypto to progress in the space. When the market is down, buy low and sell high in the bull market. Newbies need impatience in the space, if you are keeping Hodl of a coin, continue to hold because this is the market, you never can tell what will be the next target of the coin. Bullish moved are sometimes trapped moves for investors. Newbies needs a strong mindset on how to deal with the market when it's in dump.

sensimilia

sr. member

Activity: 702

Merit: 251

Quote from: palle11 on March 06, 2022, 05:07:54 PM

Quote from: boyptc on March 06, 2022, 04:49:52 PM

There's still a long way to go for this year to end and then 2023 will come. I'll save as much as I can and would buy bitcoin at the dip when the bear has hits it again.

This year and 2023 don't look like bear is taking over. This year with what is happening with news about making bitcoin as legal in some countries, it is seem that if bitcoin is acceptable to the level of legal status, then many investors will buy and bitcoin will increase. The halving is also getting approaching by next year, the volatility will increase and the price may go more highs. Buying now maybe a good buy Grin

If we look at this, we will see that if we look here, it will not only be like the posts here, but there are many legal issues to correct them, if we give importance to more institutions, then here in Bitcoins, money. A lot can be seen, but if it is available for the organization, it is good, but it will flow in two economic ways. There are many aspects to be taken care of for the situation.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: Dessy88 on May 09, 2022, 12:46:48 PM

One of the reasons i am with you is that a few days after the end of the bear market the number of investors suddenly dropped. At that time almost all currencies had a dip value. However there are a lot of new traders who just jump on the bandwagon of investing or trading on the word of others so I want to tell them to learn from their own consciousness because bear market will come to the fore.

Lets say on that bear market is currently happening as of this moment on where price had dipped down so hard which there's a possibility that we might go even way more lower this time.No one had anticipated

that we would really be going low this hard on this particular year considering that we had some good run on last years and hope that it would continue for this year but we are seeing the opposite thing
this time.

Advice for noobs or new people into this market is that they should really be aware on how unpredictable and volatile this market is.Dont put yourself on high hopes
on making profits because this isnt something simple that could really be attained.

Wawa2013

sr. member

Activity: 1666

Merit: 268

Quote from: CapGelatik on May 09, 2022, 10:55:17 AM

Quote from: nur rochid on May 09, 2022, 10:32:03 AM

Quote from: TheUltraElite on May 09, 2022, 03:11:33 AM

Quote from: zaesvlas on April 17, 2022, 11:06:20 AM

The most important thing for a beginner is definitely the learning process.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

when we get to know cryptocurrency, of course we imagine something fun, I think it's a normal thing, but we also have to be smart in dealing with it, this means we have to understand about crypto before investing. the most important thing to pay attention to is psychological, where we must be able to restrain ourselves with personal analysis to enter or exit the market

Be it before starting to invest or trade I think it is very important to understand it first,
Besides that, it is also necessary for beginners to prepare both knowledge, skills, and psychology as well.
Crypto is very risky and if we trade or invest without any preparation it will most likely be easy to lose money so it's better to minimize the risk from the start

Knowledge and experience are very important in the crypto world, as crypto movements are highly volatile. We can see Bitcoin is currently continuing
to fall very quickly in the past few days, now the Bitcoin price is at $31k. If we do not have good knowledge of crypto, of course we will panic to see
the price of Bitcoin dropping so deep right now. That is the importance of knowledge that must be learned by anyone who will enter the world of crypto.

I, who have been in the crypto world for a long time, have never stopped learning about crypto. Moreover, newbies are highly recommended to learn
at least basic knowledge about crypto before deciding to invest or trade. Many newbies experience big losses when they first enter the crypto world,
it's because they don't have good knowledge about the crypto world, so they don't understand how the crypto world works. I agree with you we should
be careful when deciding whether to invest or trade, prepare everything well. Maybe we will still suffer losses, but at least we can minimize the losses
we experience and understand how to fix every mistake we make.

Dessy88

full member

Activity: 1050

Merit: 100

Vave.com

One of the reasons i am with you is that a few days after the end of the bear market the number of investors suddenly dropped. At that time almost all currencies had a dip value. However there are a lot of new traders who just jump on the bandwagon of investing or trading on the word of others so I want to tell them to learn from their own consciousness because bear market will come to the fore.

Topic: An advice for newbies and plebs - page 2. (Read 1617 times)