Topic: Beginning with bitcoin trading - page 2. (Read 4511 times)
Bitcoin is not completely related to one specific country, you may see news regarding bitcoin from forex but forex is completely different because forex is related to specific country and it depends on their economic status, it can be run government authorized shares being run in the forex. But where as in bitcoin trading no economic and government authorized people has no involvement in bitcoin trading.
Do you think this is worth the time? I feel like the market is too unstable to predict and you may be wasting some time but idk
Of course it is but you need to be smart and being smart you will know an unstable market is the market you want to be trading in.
What mean smart? Everyone can trade, but not everyone will earn. Now Bitcoin price is growing, so it should be easy, but choosing good exchange is the most important thing.
To all unexperienced users I advise stay away from Paxful.
Good exchanges are Coinbase, LocalBitcoins, Bitstamp. Kraken, OKcoin and BTC-e.
Full list of biggest markets is: https://bitcoincharts.com/markets/
Do you think this is worth the time? I feel like the market is too unstable to predict and you may be wasting some time but idk
Of course it is but you need to be smart and being smart you will know an unstable market is the market you want to be trading in.
what i think about trading is that as a beginner it is not right for you to start trading when you don't have formal knowledge of trading currency but i think as are just Beginning you need to start with the basic first before going on with trading because you need to know when to buy or when to sell in order for you not be on the loses.
Do you think this is worth the time? I feel like the market is too unstable to predict and you may be wasting some time but idk
Hey guys, one bitcoin noobie here, who want's to start trading. So which trading platform would be suitable for a beginner like me? I found that people here usually recommends LB's services and it seems to be popular. whether there are other sites that you would recommend?
Thanks!
Thanks!
A few of popular exchanges:
- Local Bitcoin
- Paxful
- BitStamp
- Coinbase
Before you begin trading, take a look at a few sites before making a decision to start exchanges through the service.
Use your common sense, there are a people who may try cheat you at the beginning in this business.
Hey guys, one bitcoin noobie here, who want's to start trading. So which trading platform would be suitable for a beginner like me? I found that people here usually recommends LB's services and it seems to be popular. whether there are other sites that you would recommend?
Thanks!
Thanks!
Bitcoin's price sometimes can really be unpredictable. Even with a huge sum of investment sometimes it is hard to earn money here since it is very unpredictable. As an extra to bitcoin trading, I also do altcoin trading to maximize my profit. Since investing in ICO sometimes is very profitable, I invest into it when I see a good one that I think will grow.
I have been studying bitcoin price movements for some time now, it seen market movement is different from that of forex. Like in forex fundamental analysis drive the price of currency, technical analysis proved little help. But in bitcoin market is mostly move by big companies adopting bitcoin and emotions.
That's good that you are stuying bitcoin price movements it's really hard for newbie to know about this one the different from exchange website to forex , in forex trading you could lose big money there even your starting and you need atleast 100$ capital to start but in exchange site where you can trade small altcoins you need to understand and follow the flow of the altcoins to make grow your money. 
Yes it is best time to invest into bitcoin because bitcoin have strong ability that it can grow their price definitely in coming days, because daily investments on bitcoin trading is keep growing. But it is completely different from forex here you can store bitcoin for future purpose also.
Bitcoin is following which forex trading site?
I have observed bitcoin price chart and I think it's the safest coin to invest right now,all those other coins or altcoins are just hype and speculation,so I'll go for Bitcoin.
Yes go ahead to invest on it bro, obviously bitcoin would be the profitable crypto currency and nowadays price also getting increase day by day. If possible buy some bitcoins and hold it for sometime sell out. I am sure you will get the profit.
Now a days not only you there are many people who investing their hard earned money into bitcoin trading, because bitcoin has strong future even you can trade other altcoin by using your bitcoin. That is the best part here if you want to trade only btc/usd are else other coins means. This the right platform for trading.
Precaution: Trading is a bit risky.
Precaution: Trading is a bit risky.
I see you started with forex, thats good. It will help you a lot later, im currently trading forex too.
First of all, you should accept all loses you have, the behaviour of market is quite different from the regualr.
it is more aggresive, usually it is harder to predict. but you should always stick to the same strategy as you had before- just dont get over-excited, and go slow with it.
you have time, btc won't dissapear tommorow
First of all, you should accept all loses you have, the behaviour of market is quite different from the regualr.
it is more aggresive, usually it is harder to predict. but you should always stick to the same strategy as you had before- just dont get over-excited, and go slow with it.
you have time, btc won't dissapear tommorow
Analyzing the bitcoin market is really not that hard, bitcoin price does not move like alt coins, because they are too volatile, sometimes you can even see ups and downs in minutes in alt coin markets but bitcoin is not like that, all you need to do is to keep a watch on it for a few days and keep watching some news and you will be good to start with it i guess.
I have observed bitcoin price chart and I think it's the safest coin to invest right now,all those other coins or altcoins are just hype and speculation,so I'll go for Bitcoin.
I am not yet into trading but looking forward to get in here,a lot of my friends told me there are a lot of money if you know how to trade wisely and on time,Just got me an e-book about crypto currency trading and looking forward to apply everything I learn here.
They are right trading has a good source that you can make a profit but the problem if you do not have any skils in trading you are wasting some of your bitcoin or you may lose.. so better to start and study it first in small amount until you find the best methods how to make profit.. Use coinmarketcap to find legit altcoin.
OP, you are right that big market movers move the bitcoin markets because it is completely different than forex.
If you want to trade in bitcoins, you need to be cautious with the movements it takes every minute as anything can happen in these markets because it takes less capital, at least less than forex to be moved towards a side.
If you want to trade in bitcoins, you need to be cautious with the movements it takes every minute as anything can happen in these markets because it takes less capital, at least less than forex to be moved towards a side.
I am not yet into trading but looking forward to get in here,a lot of my friends told me there are a lot of money if you know how to trade wisely and on time,Just got me an e-book about crypto currency trading and looking forward to apply everything I learn here.
Someone suggested it, to use hypothetical investments. Follow the market for some time and see how it behaves in a month/week/day/ and you'll have some idea of how it goes. There was one website, like a game with investing, you have a market updated non stop and you set a price for btc to hit or drop to, it's more like a gambling game while you're following a market.
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