How did YOU start trading in bitcoin? - page 5.

rhodelmabanal

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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

Trading is good but you need to know basic trading first before making a decision to make a trade specially in crypto, if you wanted to trade you need to know first the kinds of coin you are going to trade know how it works and know the price and the volatiliy rate, if you wanted to earn you need also to study trading and avoid risk by start trading in a small amount that you can afford to lose, and always remember that patience in vey important as a trader.

mico.serge

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Quote from: brandtalex on February 17, 2021, 05:46:19 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

Here are the few tips I can give for before you start buying Bitcoin/Crypto:
[1] The first and the foremost thing that every newbie should do is to study entirely about Crypto. Getting to know all the details about cryptocurrency and blockchain is important when you are investing in it for the first time.

[2] You should understand the transaction process; The very first time you create your Bitcoin wallet, you will be given a private key that can be used to access your data. As a beginner, you must understand that all the information related to your money will be available on the public ledger, and nothing is going to be confidential. Only the username and the password of the Bitcoin wallet will be e kept as private information. So, you must not be surprised if the transactions that you are getting displayed on the dashboard of the public ledger.

[3] Choose the right Bitcoin exchange; You’ll create an account and enter a payment method. At reputable exchanges you’ll be asked for information such as your bank account details or a debit or credit card. You’ll then need to prove your identity with a driver’s license, ID or passport. After you’ve been verified, you can start buying Bitcoin with your chosen payment method, transferring it to your personal wallet and watching with greater interest as its price fluctuates.

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.

gabbie2010

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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

Trading bitcoin is in two ways firstly you can start with the easier one by buying bitcoin when the price had dumped or dropped and hodl for a long term perceptive this don't requires much experience or knowledge, this can be comfortable done by a newbie infact a lot of investors had made huge profits with this method, the other method is learning to trade the bitcoin (BTCUSD) using chart and TA this require learning alot of resources like articles, watch YouTube videos on trading etc and it will take a considerable amount of time before becoming a real day trader or scalper.

Shasha80

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I started trading about 4 years ago, when it was still difficult to find articles about crypto trading. So I trade straight away without preparation,
of course first of all I experience more losses when trading. But as time goes by, I started to learn from the mistakes I had made. Finally, slowly
I found several effective trading strategies, for now learning to trade is very easy. Because there are so many platforms that provide trading courses,
from free to paid ones. My advice for beginners to start trading should be able to try with small capital, for the strategies used, you can learn from
the video tutorials on the YouTube platform.

brandtalex

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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

Here are the few tips I can give for before you start buying Bitcoin/Crypto:
[1] The first and the foremost thing that every newbie should do is to study entirely about Crypto. Getting to know all the details about cryptocurrency and blockchain is important when you are investing in it for the first time.

[2] You should understand the transaction process; The very first time you create your Bitcoin wallet, you will be given a private key that can be used to access your data. As a beginner, you must understand that all the information related to your money will be available on the public ledger, and nothing is going to be confidential. Only the username and the password of the Bitcoin wallet will be e kept as private information. So, you must not be surprised if the transactions that you are getting displayed on the dashboard of the public ledger.

[3] Choose the right Bitcoin exchange; You’ll create an account and enter a payment method. At reputable exchanges you’ll be asked for information such as your bank account details or a debit or credit card. You’ll then need to prove your identity with a driver’s license, ID or passport. After you’ve been verified, you can start buying Bitcoin with your chosen payment method, transferring it to your personal wallet and watching with greater interest as its price fluctuates.

redsun114

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Quote from: ice098 on February 08, 2021, 08:51:33 AM

I stated last 2013, where faucet give us free bitcoin and eth, I am using my free time searching for profitable BTC even it will only give you 0.00004 every 15min to an hr, I don't think that it will go up high as the price of it now, so I am very shocked that it is getting near to $43,000 it is very far from what I first see that, and that time people think that bitcoin is only a form of scam and used in some illegal operations, so they are afraid to use and invest on that.

Actually talking of scams is how I got into Bitcoins. I accepted payment from someone and the payment was reversed by the guy because it was taken by me in my paypal account and I was so frustrated that I started searching for a payment method which was not allowing sender to reverse the payments once made. I across many payment methods like Liberty Reserve and later Perfectmoney and some others but what caught my eye was Bitcoins because it was the first payment method which had no owner and hence no control once sent.

I heard of Bitcoins before that but I wasn't completely into Bitcoins before that incident and then once I got into this community and understood various benefits we have with Bitcoins, I never looked back and most of my transactions are within crypto only.

coiner-88

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Bitcoin first you should think about the guideline in your country and the trade which is upheld, presently expecting a trade like Binance is upheld in your country, you can begin by enrolling a record, confirm it if conceivable and purchase with your Mastercard. Before you contribute, you should legitimate and seriously ruling information about bitcoin, in light of the fact that the value breaks all record.

Xinarae*

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To trade in crypto you must take risks it is not possible to trade without risk you need to use a third party platform to buy sell and trade bitcoin this could be an expert cryptocurrency exchange or a regulated CFD broker depending on the type of asset structure you want to invest in. Seriously it will depend on whether you are planning to trade bitcoin in the short term based on day trading or holding your investment long term. You also need to know about crypto, bitcoin trading and how to trade bitcoin.

Sinjokubhi

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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

The first thing you manage to decide when going into trading on the bitcoin market is your attitude when it comes to moving. Do you want to make money fast? Do you think that bitcoin is the future and holding it in the long term is the best option? By understanding your investment tenor, you can see which trading strategy is more suitable for your needs. If you are someone who thinks that bitcoin could be worth millions of dollars one day, then you will probably stick with a long term trading strategy. If you only recommend looking to profit from bitcoin price movements, this is especially suitable if you are using a short-term trading strategy.

Once you have chosen a trade, you are ready to think about your strategy at your risk. The good news is that having a trading strategy is a good step in the right direction to risk risks. In order for risk organization to really be associated with trading on the bitcoin exchange, it is important to plan your trades. This is where your trading strategy comes into play. Therefore, trade planning is the initial preparation of a battle. Trading planning planning, you also have to trade / trade according to your plan.

If you are trading Bitcoin for a long period of time, then you only need to think about how much of your assets will fit into bitcoin. In other words, the risk management process only comes into play with the right money management tactics. It's important to remember that bitcoin is still a high-risk, long-term speculation, and you should place a small amount from your entire asset portfolio into cryptocurrency. In many situations, the best way to keep your risks at bay is to make sure you don't put your children's savings or college tuition into bitcoin investments. Remember, you only need to speculate about the amount of money you are using and must be prepared to lose your money.

If you have a clear program of action, keep in mind that before you do it, things will become easier if you don't let your emotions take over you. Your decision when buying or selling should not be made at the time of execution of the trade. However this decision must be made before the initial action that led to your current situation. All you need to do is follow these guidelines.

Keep spirit and good luck Grin

xZork

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

Do you have any tips for begginers?

Before deciding to invest in the cryptocurrency market I think you should learn about it carefully.
Try to answer the following questions before making a decision
What is Bitcoin and what is Blockchian technology
Is the cryptocurrency market safe
Is cryptocurrency banned in the country where you live
Are you ready to take the risks that cryptocurrencies carry?

MCDev

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

How did you start trading in bitcoin?

I turned to bitcoin through a friend and actually at that time bitcoins were quite easy to make, you only needed to invest a small amount of money or you could participate in mining to get bitcoin.

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

How could I do that too?

You just need to create an account at a reputable exchange and then top up to buy bitcoins, then you can start trading.

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

Do you have any tips for begginers?

The cryptocurrency market changes every day, so you should try to keep up with the latest information on the market.

Kocret02

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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.

Ryker1

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Quote from: sana54210 on February 14, 2021, 04:16:58 PM

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

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!

Yes you can do that too, but before I started investing and trading Bitcoin, the first thing I did was that I started with the basic, which is understanding what I am trading and that is Bitcoin; I read lots of articles that describes Bitcoin from the beginning to the end, and that includes what is Bitcoin, how it created, how it works and everything that needs to be learnt, even how I should store it and the best wallets I need to make use of and all that. When I have fully understood Bitcoin, I had to use it for a while and make sure that I am good at it before I started thinking of trading the asset.

Well, that is a good start, -- from technical to basic information must be learned first before you will start in trading. Because trading required knowledge and also skills, you just need to dig every sensitive information, which is there are your comparison, the pros and the cons of bitcoin.
However, I start for nothing in investing in bitcoin because all I know before when investing in bitcoin just hold for a long time and you are good, and now, I fully understand everything in trading altogether the risk that possible we encounter or even choosing a good exchange to use.

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Quote from: sana54210 on February 14, 2021, 04:16:58 PM

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

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!

Yes you can do that too, but before I started investing and trading Bitcoin, the first thing I did was that I started with the basic, which is understanding what I am trading and that is Bitcoin; I read lots of articles that describes Bitcoin from the beginning to the end, and that includes what is Bitcoin, how it created, how it works and everything that needs to be learnt, even how I should store it and the best wallets I need to make use of and all that. When I have fully understood Bitcoin, I had to use it for a while and make sure that I am good at it before I started thinking of trading the asset.

-Knowing all the basics is a must
-Dont rush up on making profits or money
-Dont push yourself to be like into those people who do shows off big profits
-Take your time on learning from basic to advance
-Patience is a must

You should really have these kind of qualities if you do like to succeed.

sana54210

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

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!

Yes you can do that too, but before I started investing and trading Bitcoin, the first thing I did was that I started with the basic, which is understanding what I am trading and that is Bitcoin; I read lots of articles that describes Bitcoin from the beginning to the end, and that includes what is Bitcoin, how it created, how it works and everything that needs to be learnt, even how I should store it and the best wallets I need to make use of and all that. When I have fully understood Bitcoin, I had to use it for a while and make sure that I am good at it before I started thinking of trading the asset.

lixer

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Quote from: Janation on February 10, 2021, 11:22:18 PM

I am talking about those faucets.

And if we will be talking about those small amounts I am getting from it, it is really bad. It is not that I wasted my time on that, I didn't even get that money because of how small it is. Either way, it help me in a way making me realize it will never be easy. If you have the money to risk, you need to do it.

Yeah faucets are not that bad, I started with mining though, it was tiny amounts as well, it was 0.2 bitcoin which looks awesome right now but I am talking about 2 months of mining bitcoin with my laptop and making 20 dollars, that is 10 dollars per month for 7/24 laptop working to make money. Of course if I kept them it would have been 4k per month now, 8k total and it would be so worth it if I kept it but I could have just bought 20 dollars worth of bitcoin (which was 0.2 anyway) and still would have 8k+ right now from that.

However even the idea that "keeping my pc open makes me money" made me realize this is the future, and I think I do belong in this crypto future, I can't think of myself making money in any other way, I have been in this world full-time for the past 5 years or so and I am not going to be able to get out of it neither.

MIner1448

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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 is only one advice, if you do not know how to trade on the exchange, then you should not go there without training, at least start with demo exchanges with a demo wallet, where you do not need to invest your hard-earned money, when you learn the basics of trading, then go to the exchange.

Janation

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Quote from: jostorres on February 06, 2021, 11:26:45 AM

Quote from: Janation on February 06, 2021, 01:11:07 AM

I started through shillings that I got in some faucets.

But I didn't trade that suddenly, I am working at that time and when I saw that the price is having a great movement, I started to invest in it and did some small trading to other altcoins. For sure you could do it since all of us started to as a beginner. My only tip is that it is not always a good day so you should not think that it will always be profit since you could also lose in a day.

Shilling is not that bad, it is a good way to start because it is always that way, even on early days when we were trying to convince people that bitcoin was a good thing, many thought that we were "shilling" even though the word wasn't used for this purpose back in those days, everyone that says "bitcoin is awesome, you should check it out and put a bit of money in it" are actually shilling for bitcoin, does that make bitcoin bad? Of course not bitcoin is awesome, which means just because someone shills for something doesn't mean that it is a bad coin.

If you see shilling that makes sense, that is just suggesting a coin that could actually be a decent advice, but if you see shilling like "LOOK HERE, THERE IS THIS COIN, COME BUY IT" and so forth type of low level shilling that is just bad version. I got into bitcoin via bitcoin shilling honestly, but it was about mining, people were talking about how I could make 10-20 bucks with my laptop if I just mined this "bitcoin" thing and that is how I started.

I am talking about those faucets.

And if we will be talking about those small amounts I am getting from it, it is really bad. It is not that I wasted my time on that, I didn't even get that money because of how small it is. Either way, it help me in a way making me realize it will never be easy. If you have the money to risk, you need to do it.

dimonstration

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When ai learned about bounties and bitcoin , i really take time to learn how to trade, there were times I didn’t withdraw or put in cash what I earned in bounties I just use it to trade and to learn how to trade, I remember my first few tries where I lose my savings in trading since Im just a newbie, and just move on since it just came from bounties. But thinking of it now those amount is too large if ever I was able just to keep those rewards and simply convert in btc by that time.

SquallLeonhart

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I remember back in 2014 and so forth it was really a lot of news, I think I was in a lot before that but never really took it "too seriously" as a financial thing, for me it was a coding and software thing, I was always in love with blockchain and I still am to this day, it is definitely one of the best technological findings in the financial world ever, and that is why I think it got the first attention.

Of course over time people realized that they could also make money with it, but I am not sure if it was really the first thing that made bitcoin what it is today. After a while I bought and sold stuff using bitcoin so it wasn't really trading but I was keeping my balances all on BTC so I kinda did see it go up and down, while on my wallet and eventually that turned into putting it on some alts I like and switch back or go into something else etc and I realized I was basically trading few hours a day almost every day.

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