Topic: How did YOU start trading in bitcoin? - page 9. (Read 1355 times)

Of course you can do that, but you must first learn a lot about trading. I do not advise you to trade or invest any capital before you learn well because you may lose all of your capital, you can follow many sites and channels that teach trading and then try trading with a small capital at the beginning .
The most important advice in trading is patience and avoiding greed, greed and impatience are the worst traits of a trader that may cause him a lot of losses.

There are some golden rules that you should remember while trading.
Rule number 1. Buy the dip (buy low , sell high )
Rule number 2. Buy the rumor, sell the news.
That's all for today's lesson

As beginner you need learn more first about how to earn in bitcoin and to different ways and what you need to avoid to prevent losing money because once you are beginner you are prone losing your capital funds so we are here to help you until you learn a lot of knowledge that you use here in the crypto world.

You do not a big capital for starting but you need to know how to reinvest the profit that you will get in investing and trading until it become bigger and bigger this is what we do most of here.

But on the Binance exchange which is now number 1 among the others with very tight security even if something happens it will be returned back, meaning there is insurance when we hold for a long time in a trusted exchange, I only trust Binance and not other exchanges .

Starting a trade there is quite safe and we can see how the coins pump up, or we just focus on Bitcoin so we just need to hold on for longer.

People trade to make revenue, and myself started trading to sell off the rewards. Initially I wasn't much into campaigns, and mostly I participate on bounties. Once after the payment is received I used to wait for months. For some bounties it has taken years to get listed on the exchanges. I used to wait until then, and further sell the tokens. In those days I never looked for profit, further slowly learnt about the process of trading to make profit.

I don't just hold that's it

There is no so much answers in your question because that is a Basic , you are asking for Investment meaning you are ready to HOLD and RISK right ?

So what you need to do is Buy Bitcoin and Let it in your wallet , Buy in legit Exchange like this

https://www.binance.com/en

 and Save them in your trusted wallet , but of course better to have your own Nano Ledger since you are a HighSchool and will keep this coins for long years i guess.

Happy 2021 and Happy Investing , NEVER BECOME GREEDY , and NEVER BECOME PANICKER .

I am an affiliate seller over a period of time on different digital products. Recently I started working on Crypto affiliate programs and I am getting really good responses from it. Though I work on different crypto but the most favorite one is Bitcoin. It is really easy for me and I am doing it for no other reason than some extra bucks, for which I only shared a few links of my crypto affiliate programs within my circle or to my audience, and that’s it. It will directly add to my account. No hustle, nothing, just a few clicks and I get my referral money!

I've started trading in small quantities, so the potential failure is negligible. Well, I'm still trading for small amounts, but at least I'm doing it more frequently now. I'm still not comfortable trading in high volume.

Nearly 7 years ago, I have to understand what to do with my mined coins, so I started reading about exchanges and so on. Back then it was more common to use P2P trades using LocalBitcoins or face to face than the exchanges we know now.

1. How did you start trading Bitcoin?

I didn't, I earned them. Never bought a single satoshi, though I have basic knowledge about trading, but I used to trade Bitcoin against other smaller cryptocurrencies.

2. How can you start trading Bitcoin?

To be honest, Bitcoin is not a cryptocurrency that can be traded on daily bases to get profit, but it is an asset that increases in worth in longer terms. People usually either buy Bitcoin and store them, or buy Bitcoin and trade it against other smaller cryptocurrencies in the market to earn profits regularly.
But, if you still want to do that, you can always buy with a small capital from any exchange that supports the payment system from your country, and then trade Bitcoin against USDT (A form of dollar in cryptocurrency, that is always stable).
The process of trading Bitcoin would be to buy now and sell it later when the price is higher and you are getting more than what you've spent.

3. Tips for begginers?

Don't invest everything you have. Always start with the minimum if you are not experienced.

Never panic sell. Don't read messages and news and sell your assets based on that. You never know what happens, and you will always be in loss if you do that. If Bitcoin drops $2,000 today then it can gain $4,000 tomorrow. The market is so unpredictable, so make sure not to fall into such things.

Be aware of scammers. Always use trusted services whether you are buying or selling, always do your research before doing that.

Good luck! 

Everyone knows that bitcoin is now heavy high price almost 38k. Before you invest, you should proper and more dominating knowledge about bitcoin, because the price breaks all record, I also trade more than 2/3 years. Sometimes I lose, sometimes I gain. So before start invest in bitcoin, you learn more and more and read more articles and news.

you come across the right act, where you ask in the right forum too. for that I only suggest that you, at least before plunging into real trading, maybe there is no harm in trying some Demo trading first, to hone your skills. I am sure, with a youthful spirit and spirit it will be very easily absorbed. you just have to do it diligently.

The first tip is the truth associated with cryptocurrencies in general, and that is the truth you must know before every other one, and that is, there are risks associated with cryptocurrencies and you must be ready for it, secondly bear in mind that crypto market is highly volatile, and thirdly, invest what you can afford to lose. With that being said, in order to buy Bitcoin first you will need to know about the regulation in your country and the exchange which is supported, now assuming an exchange like Binance is supported in your country, you can get started by registering an account, verify it if possible and buy with your credit card. You can also buy from someone, maybe a friend who will then send to your personal wallet. On the other hand, if you want to become a trader, then you will need to go further by learning all about trading. Most important, be careful of scammers who will propose attractive websites, platforms or Ponzi schemes to you and if faced with tough decisions, come here and ask your questions.

It’s really nice that as a young boy you’re interested in investing your money in places where it will be useful to you in future. If you’re serious and invest your money for long term in Bitcoin, by the time you finish college you’re going to have a huge amount in your wallet where you’re holding it, because from now to then, the price of Bitcoin must have reached a really high point by then.

My only tips is that you should invest in what you can risk and don’t be greedy, after investing, try to focus on other areas of your life like your studies while you wait for Bitcoin to increase.

I think if you want to start trading in bitcoin at this time and the price is high at this time I suggest waiting for the price of bitcoin to go down, and I suggest buying it at a price of $ 30k because if bitcoin goes down it won't be below $ 30k but if you want to buy it now This is also OK as long as it is invested long term.

Complete newbie?

Start of with the very basics : Babypips.com will be sufficient for the basics of the basics.

Start with small amounts and dont go haste with bigger bankroll or capital.

Lots of trial and error much needed for you to learn. Beginner tips? Dont be greedy. Dont easily fall to fuds and fomos.

Strict capital handling and risk management.

I start learning my technical analysis first and other trading related stuff that that can be found on the internet and remember that you don't need to pay a heck of a lot of money just to learn these stuff. Some of my favorite resources are here. You can also try to visit the Speculation board to give you a general idea on how T.A works.

[1] https://www.lopp.net/bitcoin-information/trading.html
[2] https://www.youtube.com/c/c0tt0nc4ndyTA

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Other threads that related to your concern.
[3] How did you start trading?

Yes , a good idea is to research bitcoin on your own. That way you will understand what is all involved.
One of the most important things is not to invest more money than you can afford to loose . And that goes for every investment in this world .

When you make you first buy , don't spend more than $100 .

Read everything on here ,and look for articles on google .

If you are depending on others to get you started ,you wont know what to do without their help .

You probably will sign up with a bit coin exchange , before selecting one , google it's name ,and read the reviews .   

Good luck kid ! There have been tons of money made and lost with bit coin..

Your luck is the same as anyone else on here . 

Oh , last don't buy or sell because of what your read on any forum, no one knows what bit coin is going to do in even the next day.

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?