Most people on Crypto Twitter, YouTube , telegram channels and even I was actually thinking that this cycle is gonna be a bit different from the cycles we've had before, but base on the current situation in the market right now, I agree with you #100% that this cycle has indeed follow suit the other cycles we've had in the past years and Looking at the entire market it seems everything is gonna ball down to 2023 and eventually take off 2024 after Halving.
Therefore Investors really have to take proactive measures in securing their funds maybe focus more on shorting the market or keep loading up their bags while Bitcoin and other coins gets cheaper.
Topic: An advice for newbies and plebs - page 3. (Read 1633 times)
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.
this is a dangerous market due to high volatility, let's take as an example today where the price was at $34763 and in a few hours it started to drop a lot to the point of reaching $31,000, we are talking about a big price drop and if the price drops below $30,000 then we will see panic selling that could drag to $20,000... by which I mean that the most important thing is to have a notion of technical analysis to know where the main supports and resistances of the price of bitcoin to be able to make better decisions
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.
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
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 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 general rule in financial advises: you dont borrow money to invest. Invest whatever is left after: 1. Paying off bills 2. Setting aside emergency fund for 3 to 6 months. 3. Paying off debts. Then any extra, you invest.
Only invest what you can afford to lose. What if the investment went bad. You would be buried in debts.
Good advice, using free money then make our psychological more calm. Especially for investment it means we are planning finances for the long term, which happens today many from beginner investors who feel disturbed due to price fluctuations, especially see a drastic decline, then his emotions are turbulent, even though this is just a reasonable market reaction. therefore using personal money will be petrified we overcome the problem of weak mentalityOnly invest what you can afford to lose. What if the investment went bad. You would be buried in debts.
this is how i started my venture here in crypto because way back I am really in despair and has a limited income, so my wife never let me take small part from my wages to invest here.
what i did is find literal extra jobs so i can make my venture here and in my success? here i am now completely doing my things here.
The most important thing for a beginner is definitely the learning process. When I started working with a broker from Amarkets, I devoted enough time to this, thanks to a demo account.
The general rule in financial advises: you dont borrow money to invest. Invest whatever is left after: 1. Paying off bills 2. Setting aside emergency fund for 3 to 6 months. 3. Paying off debts. Then any extra, you invest.
Only invest what you can afford to lose. What if the investment went bad. You would be buried in debts.
Good advice, using free money then make our psychological more calm. Especially for investment it means we are planning finances for the long term, which happens today many from beginner investors who feel disturbed due to price fluctuations, especially see a drastic decline, then his emotions are turbulent, even though this is just a reasonable market reaction. therefore using personal money will be petrified we overcome the problem of weak mentalityOnly invest what you can afford to lose. What if the investment went bad. You would be buried in debts.
The general rule in financial advises: you dont borrow money to invest. Invest whatever is left after: 1. Paying off bills 2. Setting aside emergency fund for 3 to 6 months. 3. Paying off debts. Then any extra, you invest.
Only invest what you can afford to lose. What if the investment went bad. You would be buried in debts.
Only invest what you can afford to lose is a very tricky situation when you are not a rich person. For example I do this, I do not invest money that I shouldn't, and that means I grow my investment each time I get my salary and put some of it on bitcoin.Only invest what you can afford to lose. What if the investment went bad. You would be buried in debts.
However, there are periods when urgent money needs happen, like health reasons for example, or debt that got created because of something else that you need to pay, an accident, or a new tax that you have to pay, whatever. At that point you will have to cash out and get out, which could be during a period when the price is low, or could be in a period when it's high. You never know, and it is hard to know beforehand.
My advice for beginners is to control your emotions as well as possible now, don't let yourself get angry and take rash steps in the market that will make you lose. There is nothing wrong with us waiting for the normal price to return and then selling the coins instead of having to sell it quickly but at a cheap price. If you only have a little capital, don't be afraid to try, tomorrow or later the struggle will pay off by itself.
indeed for beginners should do long-term trading or investment. so that way we will be calmer with price fluctuations that occur, because it is often like playing with our feelings about the analysis that has been made. and if you want to learn daily trading, of course using a little capital for trading, this aims to train our mental, because it requires a process to become trained to face the market. the most important thing for beginners is not to think about the return from the business they do, because many of them are trapped in their emotions, so they do the wrong thing.
The general rule in financial advises: you dont borrow money to invest. Invest whatever is left after: 1. Paying off bills 2. Setting aside emergency fund for 3 to 6 months. 3. Paying off debts. Then any extra, you invest.
Only invest what you can afford to lose. What if the investment went bad. You would be buried in debts.
Only invest what you can afford to lose. What if the investment went bad. You would be buried in debts.
I think you are right, most people who invested around 2017 are the ones who have really made alot in crypto, ever since then the market have always been bull and bear, so it better you save up your cash and wait for the next Coming opportunities in the nearest future.
that is completely wrong , because 2017 is already the year of bull and what you need to say is that those who invested either Before the 2017(because the price is much lower then) or invested after the 2017(in which bitcoin value really drops bad also) those are the season we must consider as profitable from the investors and not just something in 2017.My advice for beginners is to control your emotions as well as possible now, don't let yourself get angry and take rash steps in the market that will make you lose. There is nothing wrong with us waiting for the normal price to return and then selling the coins instead of having to sell it quickly but at a cheap price. If you only have a little capital, don't be afraid to try, tomorrow or later the struggle will pay off by itself.
give your instinct a chance if you wanted to be successful in trading here, because the world in crypto is not something you can earn easily but needs hardship and understanding . In the midst of death there is life. I hear this times when people say it and about trading, even when it is bear some traders still place a buy order and get profit from it. Bear times doesn't mean every trader should go off the market, of course trading should not be in just one straight line but up and when it should come down is to sell. Trading and holding don't follow same way.
Wont be called a market if it wont really be having some correction and dumping state and of course there would really be selling points into those people who had bought early and this cycle would continue and this is how market behaves thats why only the best ones who do able to make profits or do survive on this unpredictable market.Its understandable for a noob to commit out mistakes which is common
but once you do get familiarize on this place then you would really be molding up that kind of idea which makes you aware and do know on how to deal up with things.
I agree.
Very on point. Market is unpredictable, technical analysis only helps us to increase our chances of guessing what it may do. Bear market and Bull market is normal, you could make profits out of it, especially in futures. Only those stock traders are the one's who needs to wait if they bought in the dip or it the middle, because selling on another ATH is the only option they have to make profits.
A good analysis for a newbie or others who don't understand the crypto market. does not mean it can be trusted with certainty but at least an illustration if in the future this analysis occurs. For a trader, maybe if the market is falling or rising, he will still act, especially a day trader, no matter when and wherever they try to do their best. This downturn in the crypto market is a good way to buy crypto at a low price and store it. but remember that we have to be patient and wait until the market rises again and stabilizes so we can get a profit. Don't let us give up in the middle of the road and sell it because in a panic the price keeps dropping, that's a fatal thing.
What I'm really trying to convey here is that if you want to tag a guy, you have to put up with a lot of patience. There is no guarantee that recovery will start here but someone should go here to understand the market and I think it is very important to constantly tweak newcomers to learn their reaction. 
In the midst of death there is life. I hear this times when people say it and about trading, even when it is bear some traders still place a buy order and get profit from it. Bear times doesn't mean every trader should go off the market, of course trading should not be in just one straight line but up and when it should come down is to sell. Trading and holding don't follow same way.
Wont be called a market if it wont really be having some correction and dumping state and of course there would really be selling points into those people who had bought early and this cycle would continue and this is how market behaves thats why only the best ones who do able to make profits or do survive on this unpredictable market.Its understandable for a noob to commit out mistakes which is common
but once you do get familiarize on this place then you would really be molding up that kind of idea which makes you aware and do know on how to deal up with things.
In the midst of death there is life. I hear this times when people say it and about trading, even when it is bear some traders still place a buy order and get profit from it. Bear times doesn't mean every trader should go off the market, of course trading should not be in just one straight line but up and when it should come down is to sell. Trading and holding don't follow same way.
I think you are right, most people who invested around 2017 are the ones who have really made alot in crypto, ever since then the market have always been bull and bear, so it better you save up your cash and wait for the next Coming opportunities in the nearest future.
We can say the same for every year, the point being that the ones who bought at lower price will be in a profit if they have not sold yet. I think what people should be careful of beyond buying at low prices, is not to spend the cash at hand on shitcoins, which is a common habit among newbies that I have seen. The only coin worth putting money in the long term is bitcoin because it has been time and stress tested across a decade while shitcoins have been here for a short period yet to earn the trust of the bigger crypto community.You are right about incoming opportunities though, they need to be seized and those who dont will just have to wait till it appears again, not feel bad about it.
I think you are right, most people who invested around 2017 are the ones who have really made alot in crypto, ever since then the market have always been bull and bear, so it better you save up your cash and wait for the next Coming opportunities in the nearest future.
2016 and 2018 and even early 2019 and 2020. Well, almost all of those years when the market wasn't that much at its high everyone made a lot of money.But the difference is that those who have seen they're already in profit have to sell and those that have a firm holding decision, they've made even a lot of money on those times. The reason why the holders who have been patient made a lot because they know that there will be a better height on it for the market. Well, I'm one of those who have sold early and I will be more patient when the next bull comes.
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.
What is going to be noticed here is that it is important to know the market to enter here. It is important to stay away from them. We see the condition of this market today. It is not a bad idea to stay away from the market but it is the only market. It is better to invest in other markets as long as the market starts showing strong signs 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.
Good analysis and hopefully what is expected is true. that way we can square off to take advantage of the existing moment with the existing analysis. although we can't fully believe it at least it's a picture of the future and we can only follow the existing flow and make the most of the moment. it can be seen that right now we are entering a bear market and we have to be more patient for that until the market recovers. as said based on the analysis that the market will experience a bull market, we all want that. it does take time to wait for the market to recover, that's why you have to be more patient and careful in managing your crypto assets with the current crypto market conditions.
Jump to: