Help a newbie out with the market | Bitcointalksearch.org

blockman

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Quote from: Terro12 on January 07, 2021, 03:55:59 AM

Yo guys & girls,

I want to invest in some coins but want to learn the best way to do this.
Now ofcourse we all know the saying buy low sell high but how do I know when its low when its always going up like its doing now.
Also somebody once told me that you have to look to the marketcap of a coin to see if the coin is worth throwing money at.
Could somebody just give me some basic rules or tips what to look for and what to do and what not.

Thankyou in advance.

If there already excists a topic like this please let me know so I can check that one out.

Greetings,

Terro12

Hi Terro,
The basic tip that I can give you to know when it's low is to look for the chart of that coin you want to buy. It is easy to say that it's been down if the line is on the down curve. You can easily say that it's been down after it came from a pump. If you have analyzed that it's already down, take your time to decide to buy it. The color indication is also a basic tip to look at if it's bleeding for a day or two or even a week, sometimes it happens.

maxreish

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There's a thread here that may eventually help you as a newbie;

- https://bitcointalksearch.org/topic/tips-for-newbies-to-trading-5205945

That's some trading tips to start off with.
Since you already know few basic tips like choosing good exchanges and buying low selling high motto. You can definitely start any long term trading. I advice you to learn some technical analysis those simple indicators that are easy to understand to at least have some basis when to buy or when to sell your coins.

Anyhow, there are lots of video tutorials for newbies that can also make you knowledgeable about trading.

sheenshane

legendary

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Quote from: Terro12 on January 07, 2021, 03:55:59 AM

Could somebody just give me some basic rules or tips what to look for and what to do and what not.

There are too many factors to consider before you deciding to invest in crypto and there's a basic rule but it doesn't mean that's is easy to perform. The main rule could be to buy when the price is low and sell when the price is high, but your question is when it will happen.

Actually, the price of cryptocurrencies especially Bitcoin isn't easy to predict or it's unpredictable. So, let's have our own technical analysis or even fundamental analysis, to have a guide to predict the market even though you can't assure it is accurate but at least you have a source of predicting the market.

Quote from: Terro12 on January 07, 2021, 06:18:19 AM

For now ill just buy top 10/20 coins and see what happens Cheesy

My suggestion is the same as yours, always head up into top coins in the market cap, they had potential upon holding in long term but not in a short period of time. Plus, if you can focus on Bitcoin much better, for the safe-haven investment that is a good choice.

max6575

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Vave.com

to follows basics on ideal customs as trader might have with distinct of personal preference, as the market have with distinctive on drawing to deliver same figure that trader to defines of one on decision with order by the table of trading with the market.

Bitstar_coin

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SecureShift.io | Crypto-Exchange

First of Welcome to the forum, take a time out to visit each section as they all have vital information that can help you,
And as for your investment interest, hope you already know the risk involve in any kind of investment! Putting this at the back of your mind will help you, and also remember to invest what you can afford to lose,
Well someone above already suggest CoinMarketCap and coingecko, I would suggest you check them out for a complete list of coins and price, you can also visit the altcoins announcement section for information about latest and upcoming projects, good luck.

Adreman23

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SOL.BIOKRIPT.COM

You know investing in cryptocurrency is so risky, invest only what you can afford to lose. Why not try to invest a small amount of money first, and you can try it by doing trading, investing on start up crypto projects you like and etc. For you to try and experience on how it works because i believe experience is the best teacher. My advise is dont rush the process, make it slow and allow yourself to learn more about crypto to avoid the word 'regret' at the end which I know most here already said or experience this tearful word including me.

fuer44

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just look at the bitcoin chart as an example. Look when the graph is green, not just the current one but look at the past month or several years ago. What's the peak when it's green? you can mark it as a reference. Then there must be a red graph (decrease), and see how low the bitcoin price is from year to year. for example, in 2018 bitcoin once hit the price of $ 10k after experiencing an incredible increase of up to $ 25k. well, currently bitcoin has reached $ 30k and can even go up again. as a reference, you can see the red chart after the highest increase ever. let's say that after going up to the moon, the price of bitcoin suddenly falls to $ 10k, maybe it could be a reference for the future market if bitcoin goes down and it could be the lowest price after this increase.

We certainly don't expect the market to fall, but that's just a suggestion.

JHORN

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Since you are newbie it can be hard to manage risks yourself, the best advice I can give you is to be more friendly with top 10 altcoins, top altcoins are safer than new coins, also it's better to do research on your own, it's better to know how to make decisions for yourself

20kevin20

legendary

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Have you ever calculated how much you would've had if back in 2018 you would've invested in Bitcoin only and held until today? Bitcoin has always proven to provide a profit over the long term. Investing in alts requires a bit of luck honestly. They usually rise when big news are pushed out because adoption rate stays low for most alts anyway, and you'd have to be some kind of crystal ball to know which coin is gonna get the news.

Market cap is kinda useless. All it shows is how much all the coins in existence are worth at the current price. Small market cap does not mean a good investment either - remember, Bitcoin has grown more than 10 times within an year although it's the King of all cryptos.

To invest in a good crypto, research them and find one that you think has a potential to grow massively in the future. One kind of coins I personally think are going to be hugely demanded in the future is privacy coins such as Monero, Firo, BEAM etc.

Terro12

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Thanks for all the quick reactions.

In 2018 I invested in alot of stuff and some stuff worked out other stuff not that great.
I learned atleast to invest in the top 10/20 coins since i dont have any understanding of it all unfortunately.

I will def check out the links you send me and hopefully will get better at understanding the market.

For now ill just buy top 10/20 coins and see what happens Cheesy

Ucy

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Compare rates on different exchanges & swap.

You want to be short-term or long-term trader/investor, or both?
I think it's safer to invest in established and well decentralized coins with reasonable safety records (like Bitcoin).
You could invest parts of your fund longer-term and use other part for buying dips and selling high (if you choose to sell high).
I would advice you only invest what you can afford to risk.

socks435

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I'm looking for free spin.

It's pretty hard to decide which coin should you buy because almost coins out there are rising. I'm also in the same situation which I don't know what coin should I need to invest while the price of crypto keep rising. I can't seems to find any coins that has potential to get the top 10 coins.

For now you can't wait for the price drop because every coin are rising.

I don't know if this tips will works for you
Use these tools below.

You can use that and most of the coin rising are on top 60

For now I decided to invest on Ethereum, Nano and little for XRP just incase.

zidanw

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1xbit.com

I think you should start with the basic including entry and exit point as you know even in bull trend you can still enter the market. I could leave this to you https://www.babypips.com/learn/forex it's about forex trading but I think they have the same concept as the cryptocurrency trading this helps me a lot to understand more about technical analysis.

Terro12

newbie

Activity: 25

Merit: 0

Yo guys & girls,

I want to invest in some coins but want to learn the best way to do this.
Now ofcourse we all know the saying buy low sell high but how do I know when its low when its always going up like its doing now.
Also somebody once told me that you have to look to the marketcap of a coin to see if the coin is worth throwing money at.
Could somebody just give me some basic rules or tips what to look for and what to do and what not.

Thankyou in advance.

If there already excists a topic like this please let me know so I can check that one out.

Greetings,

Terro12

Topic: Help a newbie out with the market (Read 165 times)