How did YOU start trading in bitcoin? - page 4.

Webetcoins

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Quote from: tzutzik on January 14, 2021, 05:09:05 PM

How did you start trading in bitcoin?
How could I do that too?
Do you have any tips for begginers?

Most important that you should not forget is actually DCA, because if you go all-in with something here is a chance you could actually end up losing way too much money, whereas if you end up going a bit less in, there is a chance you could actually make it work instead. Of course it is not going to be that easy for you to put that much money into bitcoin slowly, but as long as you are careful you should be making a profit while buying, that is the trick.

I personally got into bitcoin over course of a whole year, and still go into it with each new salary I get, not a lot of course because I was doing horrible financially until December but since December I have been doing a bit better, not huge but still doing a bit better, which of course in return did affected my investments a bit. I have been around for years now and I can say that I am quite happy about what I am doing.

Twinkledoe

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Quote from: cheezcarls on February 20, 2021, 08:01:14 AM

I’ve known Bitcoin since 2014, but never took it seriously. I just created a centralised wallet and another one from Blockchain.info and forget it for more than 3 years. In the mid of 2017, I started to get back to Bitcoin when it touched down $10k for the first time and took my time in learning how it works, trading, etc. Since I don’t have a capital to start, I have got it instead from airdrops and bounties and that’s where I learn how to trade and the rest is history.

For me, I have known it since 2015 and started trading because of the coins that I got from faucets. The faucets before were generous because the price was still not high. But I understand crypto more, on how to use it because of faucets. I was not even here in the forum back then. But I remember playing in primedice and had cryptsy account. Grin

franco123

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I started trading Bitcoin when the pandemic started.

I actually started investing in Bitcoin way back in 2016. I was not actively trading and just going for a long term investment. But since the pandemic started and all these pandemic protocols got implemented, I spent my time more at my house in front of a computer. My hobby since pandemic was gaming and to be honest I really enjoyed staying at home compared to going outside. And so, my trading life to Bitcoin and altcoins finally came when one of my friends I became closer with in gaming this pandemic introduced me to Binance. It is a famous platform being used across the world for trading. He taught me how to trade and showed me different ways on how to study graphs using different studies. He even let me go copy his trades at first until I was able to do it on my own.

jostorres

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Quote from: Sebas.tian on February 20, 2021, 08:10:29 AM

Quote

How did you start trading in bitcoin?

I started trading with $5k, where I normally purchase when the price of bitcoin is low from the market and hold until the price increase to my satisfaction before I can release them for sale. I was not in competition with any trader in the market, than to focus With the result I got from my personal research which is still keeping me going as a good trader.
I don't rush to sell when others are rushing to sell because the price of bitcoin just increased.

You are doing the right thing, people should not be in race with other traders, specially newbies who see that people make a ton of profit, they tend to try to make a lot of profit as well but they fail, because reality is that you can't really make a huge sum of money from trading just because others did, obviously others could make a lot more money than you and you should not try to reach them.

The way to trade is to get in with a good set of mind and if you can find a good place to buy something you should buy and when it goes up too much and you think you should sell then sell it, if you do this without caring about anyone else, you could make a decent amount of profit. Unfortunately newbies see 5x profits made by others and they think they should make that kind of profit as well and they fail, because you are never going to make the same amount of profit as someone who got in earlier.

isaac_clarke22

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Quote from: Issa56 on February 18, 2021, 08:36:06 AM

~

It's not a bad idea, but it isn't that recommended for beginners either.
Price volatility will just overwhelm a lot of newbie.
What happens when some get overwhelmed? They panic. What happens if they panic? They mostly sell. What happens if they sell? They don't go back.

Hobo66

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My advise to buy bitcoin at dip and then wait for some days . when price upband stable buy another coin fron top 10 coins.
Then again buy bitcoin when price dip.
At this time buy at 55k with half of your investment and then wait for dip to invest more

Sebas.tian

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Quote

How did you start trading in bitcoin?

I started trading with $5k, where I normally purchase when the price of bitcoin is low from the market and hold until the price increase to my satisfaction before I can release them for sale. I was not in competition with any trader in the market, than to focus With the result I got from my personal research which is still keeping me going as a good trader.
I don't rush to sell when others are rushing to sell because the price of bitcoin just increased.

cheezcarls

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I’ve known Bitcoin since 2014, but never took it seriously. I just created a centralised wallet and another one from Blockchain.info and forget it for more than 3 years. In the mid of 2017, I started to get back to Bitcoin when it touched down $10k for the first time and took my time in learning how it works, trading, etc. Since I don’t have a capital to start, I have got it instead from airdrops and bounties and that’s where I learn how to trade and the rest is history.

sniveel

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I started using bitcoin way back in september 2017, that time I don't have any funds to invest with it, so I just started doing airdrops and bounties. The rewards I got from campaigns are the funds I started to trade bitcoin and altcoins. That's how I started using or trading bitcoin. Grin

HakaseMarui

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Quote from: noahmikkel on February 19, 2021, 06:58:07 AM

Quote from: tzutzik on January 14, 2021, 05:09:05 PM

Hello everyone! Grin

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?

Huh

Happy 2021 -Tzutzik

First of all before you jump in on buying/trading Bitcoin, you should understand the technology behind the bitcoin first which is blockchain, and then how cryptocurrency trading works, what are coins/tokens to look forward and to avoid, where to store your crypto and last but not the list is to choose the right cryptocurrency exchange. You might wanna see this Bitcoin for Beginners guide from cointelegraph.

Not everyone knows whats behind bitcoin and what technology it has, most of the investors nowadays are just into profits and once the bubble pops they will surely cry themselves... Most of them put their eggs in one basket as well, even though Bitcoin bubble doesnt seem to pop, chances are still there but using a good exchange will work specially the one with loads of offers

trickbergen5

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Quote from: noahmikkel on February 19, 2021, 06:58:07 AM

Quote from: tzutzik on January 14, 2021, 05:09:05 PM

Hello everyone! Grin

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?

Huh

Happy 2021 -Tzutzik

First of all before you jump in on buying/trading Bitcoin, you should understand the technology behind the bitcoin first which is blockchain, and then how cryptocurrency trading works, what are coins/tokens to look forward and to avoid, where to store your crypto and last but not the list is to choose the right cryptocurrency exchange. You might wanna see this Bitcoin for Beginners guide from cointelegraph.

Literally though they need to learn the basics before getting into cryptocurrency, especially if they wanted to get into trading and not investing - they should learn how to read the charts and analyze how the market works and moves so they won't get left behind and obviously won't lose their investments in a snap.

konflikkastil

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Let me share my experience on how I started trading BTC. It was a really good start for me, and it was a new thing to me. I was just introduced to it and I decided to try it out with small money. I sent the money to the guy and after few hours he sent the coin into my Binance account. I had to sit down for days to study the Binance Exchange platform to know how to run things on it. After a week, I began to understand it and after two weeks, I had known almost what I needed to start the trade. That was around when BTC pump to $10,000 and in less than 2 months, it dump back to around $3,000. That was the major breakthrough for me.

bearexin

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Quote from: Kocret02 on February 15, 2021, 12:26:26 PM

You can go to an exchange like Binance to get started, you can allocate your money whatever you have. then in trading you buy when the price of bitcoin goes down and sell when bitcoin goes up. for beginners, don't take too high a profit, the most important thing is to do it consistently until your trading skills are good. work hard and do it regularly well.

That's quite obvious but the thread is about how each of us got into bitcoins trading and some tips for the new guys who are now starting trading.

I don't remember when exactly I started trading but it was because I was fascinated by Primedice I think in the earlier days of Bitcoins and because of the first time I heard provably fair games, I purchased some bitcoins through BTC-E I guess and started playing. I don't remember exactly how much I bought and if it was actually BTC-E.

I wish the amounts I lost initially when betting was somehow saved by me today and I would have easily been a millionaire by now or maybe close to that at the very least.

ozi69

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i start crypto trading with technical analysis use RSI and moving average and in crypto trading crypto news is very important .and if you want to start crypto trading you should start 100$ in spot trading because i think spot trading is very safe for newbies

noahmikkel

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Quote from: tzutzik on January 14, 2021, 05:09:05 PM

Hello everyone! Grin

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?

Huh

Happy 2021 -Tzutzik

First of all before you jump in on buying/trading Bitcoin, you should understand the technology behind the bitcoin first which is blockchain, and then how cryptocurrency trading works, what are coins/tokens to look forward and to avoid, where to store your crypto and last but not the list is to choose the right cryptocurrency exchange. You might wanna see this Bitcoin for Beginners guide from cointelegraph.

sana54210

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Quote from: mico.serge on February 18, 2021, 01:22:54 AM

He shouldnt forget as well the wallet that he is going to use for his assets if he isnt trading and will just be holding... He can rely on this article to know which wallets are the best for storing.. There are lot of wallets that he can use and the most famous is the Nano Ledger X... there are also lot of platforms that are currently operating in the market which you dont know if its a secured one or not if he is going to buy BTC with big amount he should choose the top tier 1 exchanges like what you said.

I do not really agree with the "wallet" discussions people have constantly about which one is safer and which one is not, the reality is that unless we are talking about huge sums of money, we can easily use binance as our wallet and nothing will happen there.

Even when binance got hacked they didn't bothered anyone with it, they are capable of actually paying people even after being hacked thousands of coins because they are THAT rich right now. Of course this is something at the very worst of situations, being capable of paying even after hacked, but if you start thinking about the good parts, that is going to change even more and more. This is why I think on a regular day, using binance as your wallet would be fine, they even started to have local exchanges as well that allows you to deposit or withdraw fiat from their website as well.

Blockline

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Quote from: tzutzik on January 14, 2021, 05:09:05 PM

Hello everyone! Grin

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?

Huh

Happy 2021 -Tzutzik

There are platform who give demo ac you should do buy sell there with different strategies. For an layman example buy at that day price and see there is a chart which shows volume and price. For 24 hours for week for long term. Observe it and see the candle which is red and green. Red means price going down green means going up. Buy with the green sell with red. Slowly you understand when to sell when to buy with demo funds.

okissabam

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I once had an acquaintance who started to trade Bitcoin when he was still in high school, he wasn’t that well off but was very smart and so he discovered that by joining this site and creating good quality posts and then after his status reached as a full member, he then joined signature campaigns and bounties. He saved the payment he received and traded his other altcoins with bitcoin and that was the start of him earning a lot by trading. If you are resourceful enough, you could learn a lot from this site. I did learn a lot from here and still am learning until now. And that what also motivated me to trade bitcoin, if he could do it then there wouldn’t be a reason none of us will not do too.

hahay

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You just have to try to create an account on an exchange and after that, at least you will be able to learn whatever you get there. Start with a small amount of money because most of my friends started out with money not prepared to lose, so they just walk away and that's regret. So, if you have a different view of the good future in cryptocurency trading, then I think starting with a little money just to learn will be great for the next day.

Issa56

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I think trading bitcoin is not a bad idea but there are lot's of basic things you have to learn as a beginner. There are lot's of methods which can be use to trade depend on the type of method that works for you, different people have different pattern. The easiest method of trading cryptocurrency is buy bitcoin when the price is still low and sell when the price is high after selling it you wait for the price to dump or you wait for correction and buy back the coin. As a trader you don't have to be greedy, after buying a coin always make sure you set your stop-lose to avoid lost of fund, don't FOMO, as a trader you have to have patience don't. If you can follow this format or guild line I don't think you will really have problem when trading.

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