I do remember, I earned few tokens from bounty and that token listed on few exchanges. I had to sell them off in an exchange and 2 days later I noticed the price go down. I attempted to buy back the same tokens and sold them off for a limited profits after two days. This made me think of trading regularly. I invested in BTC, BNB, Matic in 2018. yes obviusly
Learn all indicators and their meanings, invest less initially and have lots of patience. These are the key aspects of trading.
Topic: How did YOU start trading in bitcoin? (Read 1355 times)
Determine that you are a patient person because trading is something that drains your mind and emotions. Choose which path you will choose, whether you are a Hodler, or a day trader, both are profitable only if you understand and have many hours of experience. Also understand, that trading is a risky thing.
As my advice to newbies, choose the top 3 coins in the marketcap, buy small amount first and don't force it beyond your knowledge, the rest depends on how fast you learn and read the market.
As my advice to newbies, choose the top 3 coins in the marketcap, buy small amount first and don't force it beyond your knowledge, the rest depends on how fast you learn and read the market.
Learn from my mistake in crypto trading in the pass, actually the most important thing in crypto trading is how to determine trend of crypto market, only 2 scenario of the trend, bullish and bearish . When the market starting to bullish, we can buy good coin and holding it for 1 year or more. And when the market any indicate to be bearish, we have to sell it and take profit. But if we enter to the market in the middle of bullish market, just like now, we can buy some good coins for duration shorter because the market can be changing to bearish anytime.
with its reputation as the best exchange, I don't think kyc is a problem either. especially when used for good purposes. with kyc the exchanger can find out that the customer is really valid. but indeed we have to choose in handing over the KYC, because if it falls in the hands of irresponsible people, it will be misused
Well,,, for me it is always about need. If I really need the service, I will KYC for me it is no problem. If I can find an alternative I will go for it, and always it is a balancing of trust and need. KYC for airdrop and other stuff? No thanks. But I do need an exchanger until I find a better/easy way to do my crypto to fiat conversion conveniently:)
Hello everyone! 
I am a starting player at the BTCitcoin trading world- haven't bought any yet.
Just a young man looking for investing his money from high school, and I don't know where to start!
How did you start trading in bitcoin?
How could I do that too?
Do you have any tips for begginers?
I am a starting player at the BTCitcoin trading world- haven't bought any yet.
Just a young man looking for investing his money from high school, and I don't know where to start!
How did you start trading in bitcoin?
How could I do that too?
Do you have any tips for begginers?
Happy 2021 -Tzutzik
Start trading in Bitcoins by choosing the perfect exchange, do the KYC there and get set ready to buy the first Bitcoin yourself.
But as you are a fresher, then my only advice will be to start with little amount.
Get familiar with trading terms and do a background research of Bitcoin, like when the price got increased or decreased etc.
In this way i have started my trading journey.
You can also buy paid signals , it you seriously want to be pro trader, though this is not recommended.
Good luck OP for your future.
It was all started out of curiosity of course we are not all born traders and after some testing I tried to understand how to read graphs, candlesticks, strategies and indicators and after that I was trying to apply those on my trades to see if they could work and so far they could and most of the time they worked. I suggest for beginners to study first technical analysis and try to invest a little bit to test if you really do understand and you applied it right.
This is very good that from an early stage you started BTC buy and sell but as I am senior person I started buy and sell BTC from year 2017 when BTC crisis moment started. So that i saw both down and up season of BTC. But from now BTC will be jump and jump because market has explored and more more investment has came here. So i think you will enjoy this market.
First of all, if any one PMs you about a trading strategy they claim works wonders - ignore, it is probably not legit.
As for getting started with Bitcoin now it is a great time due to market volatility where you can buy low and have chances to sell for profit. As for trading basics there are plenty of resources to learn how to do, and Binance has plenty of tutorials you could give it a go. Top advice is to get started with something simple, then move in as fast or as slow as it works for you!
As for getting started with Bitcoin now it is a great time due to market volatility where you can buy low and have chances to sell for profit. As for trading basics there are plenty of resources to learn how to do, and Binance has plenty of tutorials you could give it a go. Top advice is to get started with something simple, then move in as fast or as slow as it works for you!
I was gambling and playing pyramid scheme in those days and one of those pyramid scheme asked for payment in bitcoin, then I started researching bitcoin and realise how revolutionary it could be if adopted by people all over the world! I bought my first bitcoin and started trading ever since!
A good chance to earn bitcoin if you have good experience about gambling I also earned the first bitcoin by trading. I traded and invested in bitcoin gained a lot of profit to increase the price earning by investing in bitcoin is more profitable than gambling. 
They still have the volumes and there's still traders who use this exchange, though no longer the same with
how hot they are way back, Binance and other competitors are now more popular than Bittrex, sad part is
when they implement and force every users to complete thier KYC.
how hot they are way back, Binance and other competitors are now more popular than Bittrex, sad part is
when they implement and force every users to complete thier KYC.
I think that is okay if they had to survive,,, and it explains why everybody who did not want to use kyc went over to Binance. I personally do NOT really mind KYC if it is a service I use a lot and want to keep using and of course,,, one that I need.
People do KYC for aidrops in this space though so crypto people are hard to understand.
They still have the volumes and there's still traders who use this exchange, though no longer the same with
how hot they are way back, Binance and other competitors are now more popular than Bittrex, sad part is
when they implement and force every users to complete thier KYC.
how hot they are way back, Binance and other competitors are now more popular than Bittrex, sad part is
when they implement and force every users to complete thier KYC.
I think that is okay if they had to survive,,, and it explains why everybody who did not want to use kyc went over to Binance. I personally do NOT really mind KYC if it is a service I use a lot and want to keep using and of course,,, one that I need.
People do KYC for aidrops in this space though so crypto people are hard to understand.
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I think they are still quite big judging from the orderbook sizes there and how quick they arrange for me. I mean I do not trade anymore practically now just selling weird coins I can sometimes get here and there for BTC and then withdrawing it all. Very quick,,, not like slow exchanges that tell you all sorts of things.
They did also try IEOs before but those failed badly and gave them a bad reputation.
Yeah, I haven't written Bittrex off completely yet and I'm not sure why anyone would do that. Like I said earlier, Bittrex is still a good exchange. The major issue they have right now is low liquidity. Liquidity is one of the most vital factors in trading that should be taking seriously that would ensure we can execute our trades without any issues and that's an area Bittrex is lacking. On average, they get between $180M - $220M in daily trading volume compared to Binance with over $110B+ on their average volume. I don't know about other traders here but I like to stick to where the money is.
~Snipped
when they implement and force every users to complete thier KYC.
when they implement and force every users to complete thier KYC.
Forcing KYC on users and going as far as locking some accounts at that time was a big turn off for a lot of users. They shouldn't have approached the issue of KYC that way.
IIRC Bittrex was the biggest exchange players between 2016 - 2017 before they got replaced by binance months later. Bittrex was the market leader then since they had not just top cryptos listed but they also listed the best ICO tokens at that time. It was the first exchange I started trading with using ztrader app (now obsolete) before moving to tabtrader app because the user experience was much more better including the UI too. But I later stopped trading on Bittrex altogether due to the fact that they started locking accounts while forcing users to do KYC with them. It's still a good exchange (considering they've not exit scammed for years now) just that they've fallen below the pecking order very much behind Binance, Huobi, KuCoin and even OKEx.
I think they are still quite big judging from the orderbook sizes there and how quick they arrange for me. I mean I do not trade anymore practically now just selling weird coins I can sometimes get here and there for BTC and then withdrawing it all. Very quick,,, not like slow exchanges that tell you all sorts of things.
They did also try IEOs before but those failed badly and gave them a bad reputation.
They still have the volumes and there's still traders who use this exchange, though no longer the same with
how hot they are way back, Binance and other competitors are now more popular than Bittrex, sad part is
when they implement and force every users to complete thier KYC.
Quoted by Investing, here are ways to trade that can be done, but keep in mind that everything is risky:
Hodl: You can keep bitcoins after buying them as a means of long-term investment.
Day Trading: When buying and selling bitcoins within the same day. You have to keep an eye on price movements so you can know when is the right time to buy and sell bitcoins.
Pump and Dump: You can buy a huge amount of bitcoin to influence the bitcoin price and sell it when the price has gone up.
and experience is the main teacher and patience is the thing that must be the foundation not emotional
Hodl: You can keep bitcoins after buying them as a means of long-term investment.
Day Trading: When buying and selling bitcoins within the same day. You have to keep an eye on price movements so you can know when is the right time to buy and sell bitcoins.
Pump and Dump: You can buy a huge amount of bitcoin to influence the bitcoin price and sell it when the price has gone up.
and experience is the main teacher and patience is the thing that must be the foundation not emotional
IIRC Bittrex was the biggest exchange players between 2016 - 2017 before they got replaced by binance months later. Bittrex was the market leader then since they had not just top cryptos listed but they also listed the best ICO tokens at that time. It was the first exchange I started trading with using ztrader app (now obsolete) before moving to tabtrader app because the user experience was much more better including the UI too. But I later stopped trading on Bittrex altogether due to the fact that they started locking accounts while forcing users to do KYC with them. It's still a good exchange (considering they've not exit scammed for years now) just that they've fallen below the pecking order very much behind Binance, Huobi, KuCoin and even OKEx.
I think they are still quite big judging from the orderbook sizes there and how quick they arrange for me. I mean I do not trade anymore practically now just selling weird coins I can sometimes get here and there for BTC and then withdrawing it all. Very quick,,, not like slow exchanges that tell you all sorts of things.
They did also try IEOs before but those failed badly and gave them a bad reputation.
Everybody has their own experience entered into Bitcoin market. In 2017 when I saw a payment processor called Bitcoin in paidtoclick website then I search about bitcoin on internet , I find bittrex exchange then never going back always has some trading or holding experience throughout If any want to trade in bitcoin then you can make an account on exchanges like kucoin, Binance etc. Put money by your bank or card then start trade. Full chart of bitcoin can give details price of bitcoin over the years.
IIRC Bittrex was the biggest exchange players between 2016 - 2017 before they got replaced by binance months later. Bittrex was the market leader then since they had not just top cryptos listed but they also listed the best ICO tokens at that time. It was the first exchange I started trading with using ztrader app (now obsolete) before moving to tabtrader app because the user experience was much more better including the UI too. But I later stopped trading on Bittrex altogether due to the fact that they started locking accounts while forcing users to do KYC with them. It's still a good exchange (considering they've not exit scammed for years now) just that they've fallen below the pecking order very much behind Binance, Huobi, KuCoin and even OKEx.
I was gambling and playing pyramid scheme in those days and one of those pyramid scheme asked for payment in bitcoin, then I started researching bitcoin and realise how revolutionary it could be if adopted by people all over the world! I bought my first bitcoin and started trading ever since!
It is precisely when gambling and playing in a pyramid scheme that makes you interested in bitcoin,Of course it is a good move and trading is more profitable than gambling,
and I think it's the right decision you switch to cryptocurrency trading
actually the method may not be much different, because the experience of gambling can become more self-controlled, for trading in bitcoin which is clearly more reliable profit in bitcoin than in gambling. because gambling is only based on luck which is very different from bitcoin which requires very precise and measurable analysis so that it can produce the best action.
Everybody has their own experience entered into Bitcoin market. In 2017 when I saw a payment processor called Bitcoin in paidtoclick website then I search about bitcoin on internet , I find bittrex exchange then never going back always has some trading or holding experience throughout If any want to trade in bitcoin then you can make an account on exchanges like kucoin, Binance etc. Put money by your bank or card then start trade. Full chart of bitcoin can give details price of bitcoin over the years.
I was gambling and playing pyramid scheme in those days and one of those pyramid scheme asked for payment in bitcoin, then I started researching bitcoin and realise how revolutionary it could be if adopted by people all over the world! I bought my first bitcoin and started trading ever since!
It is precisely when gambling and playing in a pyramid scheme that makes you interested in bitcoin,Of course it is a good move and trading is more profitable than gambling,
and I think it's the right decision you switch to cryptocurrency trading
If you have the knowledge then trading is really the best place to put your money, compared to gambling where heavy risk always behind you, with trading
you have the chance that you'll be able to find the right patterns to follow that may lead you to the right direction and continuously rinse from this market.
Your money your call, that's always the principle choose wisely and thinks that it's your responsibilities to whatever your investment went thru,
give your best shot to earn from your chosen venue.
Luckily I had access to a reliable exchange for Bitcoin only right from the start, but we all know what happened to cryptsy and I was part of that disaster as well.
That was my first big disappointment and I thought I should stop for a while until there are regulated trading places for alt coins. Usually all exchanges with alt coins were suspicious to say the least.
Yeah I remember earlier the exchanges were few and the traders had no choice but to trust them. Now with so many established exchanges that problem is finally solved and with the entry of decentralized exchanges, the market is getting more and more robust slowly.That was my first big disappointment and I thought I should stop for a while until there are regulated trading places for alt coins. Usually all exchanges with alt coins were suspicious to say the least.
Stable coins solved the biggest problem in my opinion because I remember when I was new to this community and exchanges, I always had to cash my coins through a local seller when the market was dropping and they would charge a premium commission at those times and I would either have to wait and watch the value drop or had to pay extra premium fees. Similarly, when the price was going up, the local seller was charging extra for buying. With USDT, I can always sell/buy at market rate.
Traders from a few years ago can relate to the pain I am sharing. It sounds like it wasn't a big problem but it was a huge pain to pay extra fees and even involve bank in all transactions and later during tax filing I had to explain those transactions.
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