Topic: Few tips of advise in bitcoin or crypto trading (Read 741 times)

That is very true. As long as you got profits out of your investment, then, you are already on the winning side. Greediness is the reason why many people are incurring much losses because they feel they did not get what what they want.

Beginners always think cryptocurrency trading is always give people money, they never have the the idea it can also cause loses when people are not with a good understanding. The most important thing newbies needs to get before going in trading is to get knowledge , I think with this trading can be profitable but when people think of making money from trading as the only priority all you can get will always be lose. Learning should be the first step in trading that newbies should never be taking for granted.

Easy on the sense that you will really be holding up your position but if we do speak about having that active trading on which despite of making up some spot trading but doesnt mean that you can make profits on which we know that market goes up and down. The good thing on here is that you wont really be able to get liquidated because you arent that doing futures. This is why its really that recommended that never ever touch up futures if you dont really know on what you are doing. In speaking in choosing on which coin you will be trading up then there are tons of options on which there are those less volatile and  there is those who do have that very moving prices but actually in overall they are all unpredictable in speaking about movement.

This is why i could really say that trading is never been easy even if you do speak about Spot trading but somehow it does have some advantages too. You will really be able to find out those things once you do touch up this space on which this is something that cant be determined about into the outcome or results of our trades. There are really just that those conditions on which it will really be giving out that kind of hesitance and doubts into the positions that you are making into.

Trading with Spot and Bitcoin is easy. You can buy, hold your bitcoin and wait for profitable price to take profit, it's easy. No risk of liquidation, no extra fee by holding your position for a long time. But if your entry is not good, causes temporary loss, and you see the trend is changing bearish, but you don't want to cut loss, let's withdraw your bitcoin from centralized exchange to non custodial wallet.

With margin and futures trading, it has extra fees, like funding fees every 6 hours, and you hold your position longer means you have to pay more fees to funding fess, together with risk of liquidation. It's risky and complicated.

With Spot, FUD will less affect your position and original trading capital. I mean if you trade Bitcoin, if thing turns bad, you can change to holding bitcoin. With altcoins, with either Spot, Margin or Futures trading, it's very dangerous.

There is no need to make a tragedy out of this) If you are satisfied with the profit you have made, then why worry if the price will continue to increase after you have sold BTC for 100 thousand dollars. It's very simple: you made a profit, bought a Lamborghini and wait for the price to drop to buy another batch of Bitcoins.

Yep. Trading sometimes can be quite difficult and complicated. That's why we are intended to have sufficient knowledge, skills, and mentality. Without these, we will be hard to deal with the sudden change in crypto trends. Also, we may need to face with FUDs from any source in crypto industry. It is like the current situation in crypto market, all the coins dropped significantly after they increased quite well few days ago. If we have no strong mentality and no good understanding in crypto, we may quit now. But for the people who know well crypto, they will keep holding and be patient because they know it is a temporary drop only.

Well, skills or knowledge will also have a big role in analyzing the potential of crypto coins. Sure, we can determine when we entry and exit through the analysis. To do analysis, we must have good knowledge/skills in reading the fundamental aspect and price charts (technical matter).

Exactly, in most cases, it is understanding and knowledge that often makes traders fail and lose a lot of money instead of making a profit, many of them, especially beginners, come because of FOMO and misunderstand what and how the trading world really is, most of them think and assume that trading is a get-rich-quick scheme which in the end that mindset makes them go through the process in a hurry and miss many important things that should be known and learned.

Maybe what you said in your second paragraph is true, my friend, but not all content creators or influencers are like that, I mean there are also some of them who don't dive while drinking water, but the point is I think we all have to be aware and understand that there is no success that can be achieved with little effort.

Even though as this looks a little simple to you I will say it wouldn’t be the best option for a total newbie to the space, this in my opinion is a short term trading and requires the basic knowledge of knowing when to actually buy or sell. For someone who might been looking for something like investment then a long term or swing trading is advice, you could sell at $100k and the market can continue to go up from there and never comes back to actually give a buying opportunity again

It does not always work that way because at times the market can become bullish and it stays that way for a very long time. For those that were unlucky to think that the market was going to correct, they would have sold and then will be at a loss because they no longer have their Bitcoin. During the time when Donald Trump won his elections, the market experience some bullish momentum and it did not slow down until after some weeks therefore not every time will the market correct after a bullish run so we should not be always assuming and make mistake that will make us to not be part of those that will be receiving profit for hodling Bitcoin. Everybody thinks that they can buy low and sell high until they try to do it but what they realize is that they are doing the opposite.

You are right because most of them aren't that patient enough to learn and understand trading correctly, though it takes time to study and learn because if no much attention is given to trading then it's a poor foundation, that is why lot of people faces difficulty today in trading is from their poor knowledge and lack of patient to know much things about the currency they are trading on or even the type of trading they are to venture. So, telling newbies who aren't that technical enough to do what you would asked them to, but as they learn and study the entire environmental they will become used to it.

The thing is, most newbies can't get their heads around these things because they are beginners and they don't understand things much. So even if you tell them it is very easy, all you need to do is buy low and sell high; they will still be confused because it is easy for us who know everything, but for them, things can be complicated and hard to understand.

You can't expect a complete beginner to understand when is the right time to buy and when is it to sell because every price they see, they will have the feeling that the market can go either way, so if they buy, it might crash and they will lose money, and if they sell, it might go higher, so such thoughts confuse them.

I would never recommend newbies making trades in a hurry. The market isn't going anywhere. If you have missed this cycle, there will be another cycle shortly. So, instead of losing your money by making quick decisions without understanding much, it's better that you focus on learning and utilize opportunities that will come in the future.

If you buy bitcoin at 90k and price hits 100k wouldn't you sell?
As a trader who doesn't know much about the market can actually practice this methods as I know it has helped me alot, most times I makes some extra 4-10$ within few days or week as the case may be, and when the gain much interest I sell and wait for another good opportunity to buy low. You must not directly wait when the market hits ATH. I said, I sold mine when the market hits ATH and of course currently the market is still bullish so there wouldn't be that much dip and even if there will be, is just a correction that wouldn't take that long, so as smart trader you can utilize it.

What you convey will lead beginners who want to learn to trade on long-term investment. You also have to convey your tolerance level to hold assets. When to target selling with profit, and when to sell with loss.
Trading is not always profitable, and indeed such things must also be learned by novice traders. Not necessarily holding and then buying at a cheaper price if the price drops will always be good. It all depends on the market situation.

For a total newbie to trading I will definitely advice them to stick to this spot trading and simply just buy hold and sell when in profit but even as it looks simple there is still little knowledge needed for a similar trade plan like yours. You said sell at ATH and I ask how does one knows the ATH, before we have this particular ATH now we were literally setting an ATH almost everyday when in November, in short many people actually did put the ATH at $100k then but it got there and created another ATH, so looking for this perfect point is somewhat hard.

Reason is why I will say my strategy to newbies is set a particular price target as you sell and buy price if it gets there don’t allow your psychology tell you to break it stick to those points or simply leave short term trading and go for long term, then don’t wait for a perfect buy opportunity but rather simply DCA

If I am not mistakenly I have responded similar post before in other forum, but I must give same insight here as well. Look trading is simple and one can make profits from trading, because it is not all trades we learn, we can simply buy bitcoin when it's extremely low and target back the market to hit at least 102 or 103 then sell. That is to say we can buy low and sell high, this doesn't requires much calculations or much time to earn and if you carefully understand how the bull run operates then fine.

It's the right time to earn more quickly without even having to study much, just as I did few week. I moved some of my holding to exchange and sold when it was higher, then I set a buying order at 90k and when the market moves to that direction automatically it triggers without me having to go under pressure or determining how the market would be.

The thing is, we should be smart enough to utilize the bull run and how it operates because whenever there is an intensive increase then we should know there would be a correction immediately after the market creates a new ATH, that is to say we should be ready for a buy back from the retracement (pullback) and ready for the support again to create another ATH. With this monitoring you can earn from the market while you keeps advancing in your trading journey and also exploring important material that would leads you to effective trading and become successfully.

Trying out to pursue something on which means on everything then it will really be just that depending on you because not all will really be having that kind of interest or dedication on dealing up with things. We do know that when it comes into this manner then it will really be just that depending on how well you do make yourself dealing up into something specially on having a job plus trying out to deal up with trading. It will really be just that a matter of dedication and time management because having work and having to deal with trading will really be that needing up that kind of handling. As for advise then experience would really be the best teacher because there's no one could be able to teach you up on how you will really be dealing up with trading. Yes, you can be able to get some advises and tips but everything will really be that depending on you on how you would gonna handle yourself when it comes into this aspect. It will really be that recommended that you shouldnt really be relying on others strategies because there are traders on which they are really that good on short term kind of trade and there are ones who are really that going for swing trades on which this is really that something that will be totally be according into someones preference on how they will be making up some trades. The main thing you will be needing is on how you will be able to sustain yourself.

Beginners with this mindset are not going to be successful traders, you need luck when trading but that should be the least thing you should be more concerned about because you can create your own luck from constant practising and understanding the market. Most beginners do not understand the market therefore they misinterpret it and it makes them to lose, you do not have to know everything about trading before starting but there are some key information that you need to know to make you become successful. The more you trade, the more tips and knowledge you get from other experience traders and as you keep on learning, you will develop your skills to an excellent points that losing does not become a regular result that you get.

Brings me into asking, what are the jobs one can do as an individual outside trading when you decide to pursue a career as a trader. You speak like someone with experience about having more than a single stream of income especially since it's an online job and requires you taking some money, time and reasonable risks. What are the kind of jobs that can be practiced alongside trading that will ensure flexibility and profit making in both businesses plus how many jobs can one joggle together to open up more streams of income. Please be suggestive and mention some of these businesses you think we can explore.

This is a good thread for traders as basics like these should be known to them but this is not enough we both know that? As what makes a coin good for investment or good to trade is totally have different requirements for everyone, first a trader has to understand what is trading and its types and time frames, and what season is this, what is BTC cycle, never trade without understanding the basics about BTC even if a trader is not trading in BTC. After that now what's technical and fundamental analysis? Learn some basic indicators.

Learn few things about candles, tradingview use, and how to trade, like SL, TP, Trail SL etc. You are good to go. I know this is also not enough. As the procedure is long but with time and with progress, one can make good trades. I really like the last topic to understand how a pair works, that's just the most simplest and important thing you said.

With the amount of consistency a person is needed in order to be successful in trading, you need to spend lots of time, and of course money in order to be one. There are some that already quitted their jobs to focus on trading. Some became successful, but some ended up miserably.

I agree that consistency is one of the things that we need if we want to be successful in trading. Consistency = more experience and the more experience we have, the better the decisions, and the better we read the charts along the way. Unlike you though, I don't know anybody here in my place that's engaged into trading, and I don't want to teach them as well. As for the newbies, I believe it's hard for them to be consistent in trading especially if they saw that they lost their money in the first try. Some might find it demoralizing if they lost their money hence, they'll just quit learning it.

Overall, we need to be consistent if we want to learn, but aside from that, we need lots of spare time, and money as well.

Asset protection is a very important factor in bitcoin trading because once you fail to have proper asset security, you will most definitely run into issues and possibly lose your assets along the line so learning about bitcoin and its wallet security and how to protect and guide our assets is very important starting point for any potential future traders.

Aside this also when it time to dive into trading bitcoin proper as a newbie, it is better to avoid tradingthe future markets because of the high volatility in such trading zone, best start up point for a newbie in trading is to start with spot trading this way you minimise your level of loses.

There are lucks in trading that can hit one at anytime but the luck in trading is not what a trader needs to rely on and not to do right things that is required in trading. Some beginners believe they can enter the market to make profit with the little understanding they have towards trading just hoping they can hit the profit by luck. It will be better if beginners can try their best to have more understanding about trading and allow the luck to just occur without relying on it at least their will be good outcome in trading. If people go into trading and have the mindset and seeing it as gambling it can end up with a terrible outcome because they wouldn't bother to have understanding of how profit  can be made.

We can decide to make trading our full time job but we need other jobs too and not just trading, the jobs can be online that you wouldn't have to leave your house to the office and you can also detect the hours of the day that you'll dedicate to doing the other work when you aren't trading. Trading teaches you through mistakes hence mistake shouldn't be avoided but be embrace as it'll teach you better than any mentor could've been capable of doing.

Don't restrict your trading to only top 30 cryptocurrency because sometimes the coins that would have given you the best victories aren't in the top 30 or any other high raking. When you have gained some experience don't be sacred of trading volatile coins but embrace all coins and you'll make more profits.

If it was only about experience, we can also learn through others but that won't make any sense if we still won't try the thing that we are having an interest with. This is how we can build or get our own experience about it. All that are here, no matter what is that task they are doing, they can still be called as risk takers because all here has their own risk, no matter if it's low, mid, or high. Most who enter futures are losing, it is because like he said, it is gambling. Even in gambling in casino, we also lose most of the times but if we do win, it is going be quick and the wins are also a little better. With what is said, this actually makes people to prefer long-term holding, as its risk is much lesser.

Anyone who's talking about trading and is not discussing consistency have not given enough advise in my humble opinion. Trading requires serious consistency to be able to gain mastery. Maybe unlike investments who might not be so perpetual, most tradings are concurrently and prone to change. As a trader you also need to be adaptable to changes that come with trading being it spot or futures trades.

Many of my friends have engaged in trading different courses by joining different classes and performed wonderfully well, but due to their inconsistency, they are still finding it difficult to even drop signals when they're juniors are already doing that. I may not want to say that trading is a full time job, but the level of dedication one must give to it is relatively much and requires a daily consistency. I, therefore, like to advise that whenever we advise newbies on crypto trading, we should add the need for consistency in trading.

I agree that investing into bigger coins is smarter, I wouldn't even say top 30, it's much better at top 20, but I would say I could remove a few even in that as well, first of all there is no "investing" into stablecoins, those are just stable, so you remove all of those, and I would remove Doge and Shiba as well, as far as I know there are two memecoins, I do not invest into them at all because they are not really good at all, and I would not invest into XRP, because it's too risky.

When you remove those all together, you have nearly 10-12 coins left and those are actually very good coins as well and I would suggest investing and trading those. Trading these top names will not be a big deal and will make most people money if they know what they are doing.

For those newbies who would like to join with the crypto space its not just enough that you focus with your earnings because not all project is beneficial, those coins listed in the top list they made their reputation and project becomes more successful reason why they came up to the list of top 30, now its up to you where to invest because of course they have different road maps and goals with their token so the efficient token they have the higher the value they might be in the market and also include the supply and demand of the token at the same time. But recently tons of newbies right now would like to earn a large scale like what they have seen in the social media like others earning with shitcoins and memecoins but of course its a high risk reward attack not all coins is ideal to trade some of them are just hype.
Keep engage with the knowledge of crypto, the project, the token and future move to take it as a chance for an early entry.

Well, I understand your sentiments, but the majority of the community still wants to learn through experience, so some people enter futures even though they know the risk is high, but because they are risk takers, it's okay.

But it's true what you say that most people who enter futures usually end up losing, and only a few people make long-term holdings, that's the reality of what's happening now,
but it's also not possible for all buyers of bitcoin or crypto to just make long-term holdings, which would not be balanced also.

Leverage/margin/futures, all those are trading modes other than spot trading which are all gambling. They are never profitable for the trader but the exchange only. I wish people would stop taking these high risk routes in an attempt to make money while losing it all, but exchanges advertise them aggressively and nobody listens to advice here.

Investing is almost always for a long term >1year. They will have a smaller rate of interest if calculated and usually safer than short term trading.

Trading can be tough and complex, however if you have the skills and working strategies, more than knowledge itself, trading success can be certain. Despite of how volatile and unpredictable the market is, if you know how to analyze the charts wisely and be able to identify its trends and patterns, success in trading will never be that hard to achieve. Just be patient at all times, so you can have the perfect timing to make an entry and exit in the market.

Exactly, trading without knowledge, without learning at first, is the same as blind, luck-based gambling, and high risks. We have even seen many cases or even experienced ourselves how big the risk of trading without knowledge is. Especially if you don't want to learn first, or only rely on trading signals from a group, never mind, it really depends on luck alone, and cannot be a benchmark that our trading is successful.

That's why, preparing yourself very well, both in terms of funds, mentality, and knowledge is mandatory before entering the world of crypto trading. Although this does not guarantee 100% success, at least this is a provision that will certainly be more useful and minimize risk.

Investing cannot bring a quick profit, so beginners choose trading with high leverage, which, combined with a lack of knowledge, leads to a rapid loss of deposit. It is possible that after losing their deposit, they will learn a lesson from this.

Trading is not about doing it fast.
It's about analysis, slow movement toward your goal, and adaptation.

Often there are people who invest their money in investments in search of ease and faster growth thinking that they will double their money.  New traders are often inspired by watching professional traders, who are making profits from trading.  But don't realize that these professional traders have years of experience and a deep understanding of the market.  Without experience and the right strategy crypto trading often leads to losses.  Newbies make rash impulsive decisions that get them into trouble.  Improve patience as well as proper research and education is a must before any investment.  It is important to believe that the pursuit of rapid growth can often lead to loss.

In trading good knowledge is very important to scale through. Understanding is the trading is the first thing that people are supposed to try their best to acquire but they feel getting understanding in trading is not necessary which they believe they can make profit from trading with the little understanding they have.

When it comes to trading most beginners don't even care about getting knowledge what they are interested of is to make profit from trading so quick. Knowledge is the principal thing in trading and without having knowledge it is impossible to make profit instead the lack of knowledge will cause one to lose much money, this is to tell that getting knowledge in trading is very profitable.

Some time cannot be wasted on unproductive things and for people who are not ready for the risks that come with trading then it is better to choose another path such as investment rather than getting involved in trading that will actually lose money every time.
Experience will be the best teacher for anyone but without that knowledge they will not get results. We can see in the last few days where almost all people have experienced liquidation in trading and almost most people have lost money in unexpected amounts.
Then what is the attitude of people who do not understand trading well, are they okay or does it affect their psychology because what I know is that dealing with the risk of losing a lot of money is not easy.
Most people do not come to trading with more prepared abilities and most of them just force themselves to make money in the wrong way and trading must be understood not always to be profitable because the market can change so quickly because of speculative talk.

Just let them be on which it will really be just that up to them on how they will really be gonna handling it out later on. Sooner or later they will really be able to realize on how unpredictable and harsh this market would be on which at the moment or time that it will really be giving out that kind of learning basing up into the experience that you had been able to meet up. Advise would be talking about risks management and emotion handling on which this is mostly the main problem for most traders and they cant be able to handle it out well when it comes into this manner. Experience would really be the best teacher as they say on which at the moment that you will really be able to meet up certain problems and able to make out solutions then this is the time that you will be able to apply it out into your future trades and this will be that happening as you do go forward. Dealing with this market is something that could trigger out both psychological and emotional aspect on which this is something that cant really be removed out when it comes on trading or any investment that involves volatility and too much risks. Be sure that you will really be that wary on how this market works so that you wont be getting shocked at the moment that you step your foot in.
Some people do really that become delusional on the moment or time that they will really be trying out to do something.

Most people think they will make big profits in crypto trading and they do not understand that involvement in it requires knowledge and experience.
There are many people who lose money in their early trading because they have difficulty seeing opportunities and they are generally influenced by the desires of others who are able to make money in trading.
Trading can indeed be learned but it takes consistency and there is no guarantee that it can generate profits consistently.

Managing risk is very important so that we are not involved in worse psychology because the habits of people involved in early trading will definitely experience losses because their knowledge and experience are not yet mature.

Before they start trading, they must learn how to trade with right. Without learning, they will not be able to find the right coins and even they can get the right coin, they will difficult to make a profit. Trading needs skill to analyze the price moves so they can know when they can enter to the market.

Most people don't learn about analysis the market and makes them difficult to select the coin. If they have skill, they will know what coin they need to buy and sell. They will not just depend on the top 50 coin list because they will explore the list to find the profitable coins. They know that they have a big chance to make a big profit but they must research and analyze before they choose the coin.

Been at the top of the table on coinmarket cap or coingecko does not mean those coins can be dependent on for the long time, at some point, they lose their relevancy and not worth anything. Those type of coins can easily be controlled by a group of people or entity and trading such coins can just get you rugged as you won’t be able to make your analysis right as they will make it look like a pump and dump scenario. Coins in the top crypto market cap are good choices for trading and holding but overtime, you should also check their trading volume and demand for investors to hold and invest into, those have given more relevancy to the coins. Any coin that may not be seen in the top 100 can just be allowed to be on their own and stay away from.

Thank you for this update, it's really basic as you put it. And am really sure any newbie here would understand this with ease.
But one thing a newbie should understand also about crypto currencies and trading is,
It is never a get rich quick scheme, where massive returns on investment are just made overnight.
Rather it is something you have to develop patience with in order to reap the fruit of your labor.

I agree that everything in this world requires effort, as they say, no farmer can plant today and harvest tomorrow, they have to wait a few months before harvesting, and while waiting for the harvest time, we need to monitor what we planted because it might be spoiled later.

The same goes of course for crypto or bitcoin trading, where we are not only a community but also traders to obtain profit in the future via crypto assets that will be purchased as tools for us to get earnings in the end.

For those new into crypto and wants to trade , i suggest educate your self first because it's not easy to be honest, wherein you need to deep more before you become good on it.  Infact for others it took years for them to become profitable, so i advice to don't be in a hurry and take the process .and for choosing a good palce to store crypto better rely which is on the top and has good ratings to ensure your capital is in a safe place.

If there is no good knowledge about trade, it will be difficult for people to manage risks because they do not know how to handle trade properly and manage risk alone is also not enough.
The key is never to think of getting big profits in a short time and trade does not provide the opportunity to think or act like that.
It takes a lot of things that need to be learned because trade is not easy to run, risk management and analysis of coin movements need to be learned so that we have a direction when we want to enter the market to install an entry.
Nothing is instant in this world and trading does not provide consistent profits because even though we are experienced there are times when we experience losses in trading especially for beginners.

The uncertainty is what I call as luck, we always read stories like crypto trader made 100K from 2000 and such but that's I can only relate as someone who won the lottery. We can do everything right from analysis, strategies, picking the right coins and pairs but we still need to be at the right time at the right moment to make is profitable. So it's a gamble but on different level which is why I won't suggest trading for someone to be their primary or only source of income unless they are already rich and doesn't need to rely on the profits coming from their trades.

Right now, we can see that a lot of people did whatever they could do and they still profited because bull market provides a good proof no matter what you do, there isn't really any single way of making money in the bull market, people are making profit in all kinds of ways. Some are trading with different indicators, there are over a dozen indicator people are using and most of them are making a profit from all of them, some are doing airdrops, some are doing futures, some do margins, some do early investment before launch, some do after listing, there are so many strategies and all of them are profiting, or at least most of them.

Only the people who losing are the people who invested into rug pulls, and during bull period the hype is a lot and everyone jumps into everything, so rug pulls are a bit more common, you should be careful about them and if you can do that then you are going to make a lot of money without worrying about much.

Perhaps those traders who compare trading to gambling—saying it relies on luck to make money—are speaking from their own experiences. But just like gambling, there is no perfect strategy in trading; that is true. Even having many years of experience, we can’t guarantee profits because of the volatile nature of the market.

We understand that the market is full of surprises, but guess what? This also gives us hope—the chance to earn big if we get the right timing (buy/sell). However, trading is still a step ahead of gambling. With the right approach and smart strategies, trading can become a sustainable way to live and thrive.

Especially since this is not really speculation on our end but an event we have seen happening several times before, projects that enjoyed the support of the community suffered a tremendous fall in a matter of days and then they never really recovered, so trusting on the top coins simply because they seem to be too big to fail is a big mistake, which explains why many members are bitcoin maximalists, as bitcoin is the only coin I can see surviving no matter what during the next decades.

Top coins in terms of marketcap value doesn't mean it's stable crypto, it can crash overnight and no one might be expect that so don't came into any conclusions based on the market value which is always changing. But for a beginner lesser they choose then it's possible for them to concentrate on its analysis and make better prediction of market movements.

I got to say something even if we are the master of TA, still we need a bit of luck to be successful and profitable.

A very good insight around t he basics of cryptocurrency and Bitcoin but I will say to the newbies,this isn't a financial advise so you are expected to still DYOR so you get better insight I to what you should do and how to make decisions for yourself when it has to do with picking the coin you would want to invest in or probably trade as the case maybe.

Do not do what you don't understand rather seek clearity then make sure you have gotten enough knowledge then you can delve deep in under an informed decision.

These words of the OP seem to me to be a summary regarding traders who are conducting trading activities in the field of cryptocurrency business. It is also just a guideline that in case newbies enter an industry like this, they have an idea of what to do, especially how to choose crypto assets that will provide profit.

There is no community that enters trading in the crypto space or bitcoin without thinking about profit, but it is better to have knowledge before trading because there are others who trade first before learning about trading, which is for me not the right way or strategy as a newbie trader.

If you invest in the top 5, you will definitely make a profit in 3-4 years.
But that won't be trading 
So, yeah. Lots of work should be put into finding the gem on the market and having exact facts about why you think this exact coin/project would be afloat for the time to come or even pump in the future.

The most important thing would be to manage the risks properly and start out small.
You won't make a life change in one day - it's hard work of adaptation and sweat put into analysis + knowledge in the space.

Chat would be able to help you with the sources - and that's really cool.
Other than that, it can hallucinate sometimes 

Many people try to enter crypto trading because they want to make a profit and that is not wrong at all but most people do not understand the pattern and eventually they experience losses.
Crypto is indeed different from fiat because it does not have a physical form especially when we trade which is overall more risky to lose and we can use it after converting it to fiat because not all accept payments using crypto in general.
Here we will see how daily trading works and more and more people are starting to get involved in it because they want to make money.

The effects of the development of our era see a number of cryptocurrencies emerging and it can even be said that there are so many, regardless of whether their journey in the market is good or not after running.

In today's generation, you can basically search anything over the net. You can even command ChatGPT what to search and it can give you right away the answers or at least related answers to your questions. So much better to  learn on your own and start small. The suggestions out there are not the ultimate answers but you can use them as guide.

When I was starting to trade  and have no idea about the coin. I usually search the basics - the ANN thread here in the forum, because you can already see the potential of the project how the devs are launching it - is there a solid foundation or just created in a rush? This is why- the ANN section in this forum is quite useful. You will already get good insights as to what kind of project is being launched by mere checking their thread. But some are good with talks, hence, they can mislead naive investors.

Some coins do not hold up for long even though they made their way to the top 30 coins on coin market or CoinGecko. The success of a coin is now how soon they’re able to make it to the the top 30 coins on this sites, but how well they’re able to hold on to their value and keep making their project a success for all investors in them all the time. Trading is one of the ways to make money in this crypto space without having to wait for years. Whether the market is on uptrend or downtrend, you can still make a lot of money with the right knowledge about the direction it’s going to take. Cryptocurrency assets are very volatile, some are easily manipulated and both of this points can cause a trader to lose money without the knowledge. So it’s advisable to always seek for knowledge before jumping into trading even if it looks so simple to make money from, without right knowledge, you’ll lose big in it.

This top 30- 100 that was mentioned by OP is just for trading if at all I get him right and criteria why they are there on both CoinMarketCap and CoinGecko is because of their market cap, I think the higher the market cap the higher you are on the list and this are coins that are less volatile and can be less risky in terms of trading most especially the top 30. But for holding I don’t think it should even be extended to that, at least top 29 is ok. Some of these coins actually fell off immediately after one particular bull run and that’s why it is a bad thing to me to hold way too long with altcoins except maybe you have taken profit already and leave remaining to run. But for trading like futures you have nothing to lose.


I think the narrative thrown at trading on the social media wouldn’t allow anyone of this newbies to think that it is not easy to be successful with trading, most of these influencers have actually been doing this for long and have another business to cover up for their trading but they just lure in followers just to get students or mantees to actually pay for their course. I have repeatedly said this most of them use this mantees fees as fat liquidity for their trading and nothing more.

That only proves that even those top coins in the market cannot guarantee future profits since those that are profitable today might eventually lost its value few years from now. Trading won’t still guarantee secured profits, but if you have certain strategies that are proven effective in trading, regardless of what coins you are trading, you will yield significant profits even if the market is not 100% favorable to trade.

Truly, thanks for your collection of posts!
Much appreciated 

Awesome crypto trading.
Learning crypto trading.
Two weapons in crypto trading, that need to be known by cryptocurrency traders and they should apply it for their trading positions too.
Stop loss order.
Stop limit order.
Let's see difference between Stop-loss and Stop-limit orders.

If they don't have idea and plan as well as tool for avoiding big losses, with Stop-Loss, Stop-Limit orders, their trading will become very dangerous, with potentiality of massive loss.

They would really be loving on dealing up with those new ones or simply with low caps or hidden gems on which they do know that they could be able to possibly earn or make 10-100x easy gains with these things and thats why i cant blame them on why they wont really be trying out to touch with those top ranking even on #30 spot below which marketcaps are already high. They will already be that projecting that the potential gain that they can be able to get and thats what makes them do able to consider out these low caps in compared into those established coins in the market on which im really that similar with this kind of aspect or approach when it comes to things. When it comes to advises then the most important thing i would be saying is about on that you should really be trying out to make that experience on how this market works specially on trading. There's no such thing or other people will really be able to make you learn up things on just simply reading or listening up someones advises. The best teacher will really be that experience.
Although reading or hearing up someones experiences will really be at least giving out that idea on the current thing that you are dealing into on which it is really that a plus somehow but the rest of everything will come through experience. This is why i do suggest that on the moment that you do deal up with something or trying out to learn then try to engage with it and in every moment that you do make out some action and experiencing those results then trying out to make adjustments and actions accordingly. Lessen up the risks as much as possible and trying out to control your emotion will really be always the best key on sustaining this unpredictable space.

I think the first thing new trader should know is that you can't be a millionaire immediately, many people has started Crypto-currency trading with the hope that the can flip 10 box into a thousand that's not happening mate even experienced traders would find that difficult.
One tip I would advice is don't follow social media traders. Those are failed traders in disguise all they are after is your money, they give out fake lifestyle to catch unsuspecting newbies then promise them wins all they have to do is buy their course. Be wise guys those guys would waste your time and maybe even kill your zeal.

I agree on this one because many new traders are trying to get into the newer ones. That's not wrong because they're trying to make some money too and if that strategy works for them, that's nice but it won't work for sure for most people because we're not the same. And aside from trading, there are also some of there that are good to hold for long term. But I want to give some ideas that in the past few years, there have been coins that are part of the top 30 - 100 and as of today, none of them can be found there.

If you are new to crypto and you probably have heard many things about crypto trading specifically and your are eager to get in, aside the brilliant tips that has already been provided by the OP there are some others. Assuming you are literally a newbie who is interested in crypto trading but you have no idea about Bitcoin and cryptocurrency in general, you should not yield to peer pressure to start trading immediately.

Your start off point should be accumulating Bitcoin. You should learn as well about wallets, learn about how to keep your cryptos safe which is the cyber security aspect of it. You don't want to go into trading and then lose all your money because you were lacking in the proper knowledge. It will take time however if you will see that that wait period was worth it if you had spent it in learning and going into the crypto rabbit hole.

Good day everyone! Maybe some of us here, especially those who are new to this platform, are curious about what Bitcoin or cryptocurrency is? and you have zero knowledge in trading and want to practice Bitcoin/Crypto trading, this topic I created is for you.

After this discussion, you will know the basics about what crypto/bitcoin trading is. and how to trade?

What is Bitcoin or crypto trading?
In my personal perception, I can compare it to foreign exchange; the only difference is that it is digital crypto assets. It is not like the fiat that we hold as money;
instead, it can be converted to any fiat all over the world.

It can also be considered a global marketplace for buying and selling various cryptocurrencies besides Bitcoin. And its average daily trading also ranges from 2 to 3 trillions a day. Therefore, it can be included in the largest financial market.

What are the top cryptocurrencies that are good to trade?

For me, the top 30 that you will see at coinmarketcap and coingecko; it's up to you which of the listed ones you want to trade.

Why are the ones I mentioned listed at the top good to trade?

* They are the ones with the highest liquidity, and also their market caps are in the billions of dollars.
* There is a lot of information about them.
* They have a low spread, except for Ethereum.
* They are more stable.
* They are also more predictable because we can see the pattern even though the market is unpredictable.

How does the cryptocurrency or bitcoin pair work?

* If in Bitcoin trading you have two currencies that are fighting, for example, the DXY that can be seen in the Trading view, when Dxy (the dollar) rises, that means there is a tendency for
   Bitcoin's value to decrease, and when Dxy falls, the price of Bitcoin will increase.

* If in cryptocurrency or altcoins when the price of Bitcoin rises, there are other crypto assets that also go along with the rise in the price of Bitcoin,
   and there are also others that do the opposite in cryptocurrency.

So that means no matter what is happening in the economy around the world, whether the country we are facing is in a financial crisis,
we can still get a profit here just like what is happening in the real-time world on exchanges in the market.