How do I educate myself on bitcoin for investing? - page 3.

ivanst776

legendary

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Quote from: omonuyak on August 01, 2017, 02:12:41 AM

If you have a risk capital and you can part it the best way to educate yourself is to open account with poloniex and deposit you capital in it then began to practise by buying those coins that has few satoshi.

Must be a bad idea. I'm not ready to agree with the idea of risk capital. Even small amount of money also should not be wasted for the purpose of experiencing trading. There are a lot of trading platforms are offering virtual accounts with fake money we can make use of them to experience real time trading.

Quote from: omonuyak on August 01, 2017, 02:12:41 AM

Poloniex also free tutorial that you can educate yourself.

Yes, polo's guide must be an effective one for any level of trader to have good in-depth knowledge on different aspects of trading. Other than this we can find lots of similar resources everywhere. Investopedia must be one of them.

Taskford

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To educate yourself in investing in bitcoin then you need to do a lot of research about the things that are currently happening in bitcoin like the hard fork and also, every small details about bitcoin that are possible to be researched. You need all of those informations in order to become a good investor and also a decision maker.

Sniper150

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Quote from: Erowind on February 04, 2017, 12:53:19 PM

The subject says it all, what books, resources and other things can I study so that I can make an educated decision.

I want to invest, but have no idea where to start and need to learn more about bitcoin and cryptocurrency in general before taking the plunge.

If you want to invest bitcoin, you must read about this and another type of Cryptos. If you are going to study all about cryptocurrency, then you are ready to enter the world of bitcoin. It might take a period of time to understand all terms used in this forum. It's a good start for you to make this thread to give you an information and the strategies on how to invest bitcoin.

omonuyak

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If you have a risk capital and you can part it the best way to educate yourself is to open account with poloniex and deposit you capital in it then began to practise by buying those coins that has few satoshi. Poloniex also free tutorial that you can educate yourself.

weblouartisan

full member

Activity: 448

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Lets Go Adab

If your'e really interested in trading and you want to make a profit through that way, try to research first on different kinds of coins, because coin's has different value's. Currency is changing differently by time. Try to research for the website that has higher rate of exchange. Then build your own strategy. I also recommend you to build your own mining rig if you already have enough money so you can have your'e passive income.

Finestream

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Quote from: nasibakar on August 01, 2017, 12:57:48 AM

Google and this forum are the best way to educate trader in crypto land,
I learn a lots from this forum.

Read other news too and it may also give you important idea

That two sources are already enough to gain knowledge about crypto, you will learn more if you spend more time and not just learning but also you have to apply what you learn so you will get results and hopefully you get what you expected. When you learn that does not mean it is already enough, it's a journey and every is a learning process so you have to prepare yourself for changes and improve it accordingly.

nasibakar

sr. member

Activity: 250

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Google and this forum are the best way to educate trader in crypto land,
I learn a lots from this forum.

Read other news too and it may also give you important idea

Natalim

hero member

Activity: 3094

Merit: 606

BTC to the MOON in 2019

Quote from: Wapfika on July 31, 2017, 10:45:11 PM

Quote from: bubblebit on July 31, 2017, 09:47:08 PM

Quote from: Dudeperfect on February 06, 2017, 12:02:43 AM

Thre are plenty of resources available on the internet to learn about trading, however, I deeply believe in gaining experience from actual trading because practical experience makes it more memorable to avoid mistakes in the future. I would suggest you to start studying price movements on the chart, don't be greedy to invest without understanding the movements. It's a trading and risk is associated with it so don't worry if you suffer loss (almost everyone suffered it in their initial phase). Do your own research BEFORE INVESTING. You will get good experience over the time.

This would be appropriate for a BTCitcoiners who is not weak hearted one. As what everyone thought me, "experience is the best teacher" face it and learn from the mistake that might happen.

I experienced to get scam but a few bucks on investing and even on campaigns I joined before. but I still believe that bitcointalk and btc can really help ne that's why Im still here ,we should learn from our experience and we shoud aso take the risk to be able to be successful.

You made mistakes in the past but that would not let you stop on what you are doing, surely what you loss is the past can
be recovered today or tomorrow if you will work hard enough. The opportunity is in front of us so we should maximize our time to
get the benefits in investing with bitcoin.

Wapfika

hero member

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Bitcoin makes the world go 🔃

Quote from: bubblebit on July 31, 2017, 09:47:08 PM

Quote from: Dudeperfect on February 06, 2017, 12:02:43 AM

Thre are plenty of resources available on the internet to learn about trading, however, I deeply believe in gaining experience from actual trading because practical experience makes it more memorable to avoid mistakes in the future. I would suggest you to start studying price movements on the chart, don't be greedy to invest without understanding the movements. It's a trading and risk is associated with it so don't worry if you suffer loss (almost everyone suffered it in their initial phase). Do your own research BEFORE INVESTING. You will get good experience over the time.

This would be appropriate for a BTCitcoiners who is not weak hearted one. As what everyone thought me, "experience is the best teacher" face it and learn from the mistake that might happen.

I experienced to get scam but a few bucks on investing and even on campaigns I joined before. but I still believe that bitcointalk and btc can really help ne that's why Im still here ,we should learn from our experience and we shoud aso take the risk to be able to be successful.

bubblebit

sr. member

Activity: 308

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Quote from: Dudeperfect on February 06, 2017, 12:02:43 AM

Thre are plenty of resources available on the internet to learn about trading, however, I deeply believe in gaining experience from actual trading because practical experience makes it more memorable to avoid mistakes in the future. I would suggest you to start studying price movements on the chart, don't be greedy to invest without understanding the movements. It's a trading and risk is associated with it so don't worry if you suffer loss (almost everyone suffered it in their initial phase). Do your own research BEFORE INVESTING. You will get good experience over the time.

This would be appropriate for a BTCitcoiners who is not weak hearted one. As what everyone thought me, "experience is the best teacher" face it and learn from the mistake that might happen.

daffaco

newbie

Activity: 37

Merit: 0

Quote from: Pfizer on July 31, 2017, 07:08:47 PM

Quote from: TrumpD on July 31, 2017, 07:14:52 AM

Bitcointalk is a fantastic source for news and updates on investing in cryptocurrency in general. Admitedly there is plenty of misinformation and rubbish posted too, but with time and practice you can tell what is real and helpful from crap.

Rather than everythin, I strongly believe that observing the hard fork situation and taking lessons from the action would be the best education for a beginner cryptocurrency trader. This happens once in a while only.

actually hardfork have happened to many altcoins so not "once in a while" but "many times in a while"

Pfizer

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Quote from: TrumpD on July 31, 2017, 07:14:52 AM

Bitcointalk is a fantastic source for news and updates on investing in cryptocurrency in general. Admitedly there is plenty of misinformation and rubbish posted too, but with time and practice you can tell what is real and helpful from crap.

Rather than everythin, I strongly believe that observing the hard fork situation and taking lessons from the action would be the best education for a beginner cryptocurrency trader. This happens once in a while only.

Gameroid

hero member

Activity: 798

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Quote from: AngelSky on April 28, 2017, 08:06:10 AM

Quote from: Blackdeath on April 28, 2017, 02:21:59 AM

Quote from: Duzter on April 27, 2017, 08:58:29 PM

Quote from: vennz17 on April 27, 2017, 08:44:14 PM

if u are newbie in bitcoin, i have a suggestion.

if u want to profit with ur investment in bitcoin, u must wait for cheap price for buy and hold in ur wallet,
And wait till the price goes up and you sell it back.

Agreed, that's the common method that not only the newbie, most of the traders follow. Users who can't afford much can hold small portions that they can afford as the price is high. Also I don't think that the price will fall down anymore less than $1000.

You don't think that it can go less than $1000 but it can happen as volitality occurs as dumpers dump bitcoin again. Also, I don't think they can do it easily since the buy order support in bitcoin is huge, thus it's hard to break it. However, if there is/are negative news woth regards bitcoin, it can really affect bitcoin and hope it won't happen. Let's be positve bitcoiners.

I do not know why you expecting the bitcoin value to dump towards 1000$ or lesser than that. None of the people will expect for forking to happen again on bitcoin. Price is always volatile but its seems stable after the price reaches to 1200$ and more. You will see the value around 2000$ for sure in this Christmas.

i think bitcoin price is not going to feel down so much. i think it has a very strong support which is not letting bitcoin to drop from 2000$ and i am hopeful that it will continue increasing. and will reach to 5000$ in next few months. i think in present condition if a person can afford he should try to buy more bitcoin or at least the bitcoin that he already have.

zekeshawn

full member

Activity: 254

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Quote from: TrumpD on July 31, 2017, 07:14:52 AM

Bitcointalk is a fantastic source for news and updates on investing in cryptocurrency in general. Admitedly there is plenty of misinformation and rubbish posted too, but with time and practice you can tell what is real and helpful from crap.

Exactly bro bitcointalk is really the place to be this is the place where I discover that cryptocurrency trading exist when I first joined this community I have zero idea about trading and the community here helped me a lot. Google can be very helpful for newbies too since you can everything there just type the exact thing you want to know about trading and then click the search button.

TrumpD

sr. member

Activity: 602

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Bitcointalk is a fantastic source for news and updates on investing in cryptocurrency in general. Admitedly there is plenty of misinformation and rubbish posted too, but with time and practice you can tell what is real and helpful from crap.

TitanGEL

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Quote from: suzanne5223 on July 31, 2017, 06:55:09 AM

Quote from: target on March 07, 2017, 11:23:43 AM

did learn from books but I jsut spend the btc I earned to poloniex, it doesn't matter to me whether I profit or not so long as my adrenaline to sell high and buy low is tested by my hand. I loss all of it from the first few weeks but gradually learned whtqa they actually mean by "buy low sell high".

you may understand it like btc/usd so buy btc when the price is low and once the price hits almost the peak, sell for USD. or you can take it like buy altcoin/btc and then sell when its pumped. there are good altcoin such as eth and xmr.

Learning from mistake is one's past mistake is one of the key of being stronger and concerning the buying low and selling is the reason why I think the OP need to hold the bitcoin he/she had in a secure wallet for sometime because the forks issue will bulish bitcoin and holding bitcoin is also means of buying low and selling.

Our past mistakes can be our teacher. I agree to you that we can learn a lot of knowledge from our mistakes. I can say mistakes is part of our life because it is the sign that we are becoming stronger and also learning to past mistakes is the key for us to success.

suzanne5223

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Want top-notch marketing for your project, Hire me

Quote from: target on March 07, 2017, 11:23:43 AM

did learn from books but I jsut spend the btc I earned to poloniex, it doesn't matter to me whether I profit or not so long as my adrenaline to sell high and buy low is tested by my hand. I loss all of it from the first few weeks but gradually learned whtqa they actually mean by "buy low sell high".

you may understand it like btc/usd so buy btc when the price is low and once the price hits almost the peak, sell for USD. or you can take it like buy altcoin/btc and then sell when its pumped. there are good altcoin such as eth and xmr.

Learning from mistake is one's past mistake is one of the key of being stronger and concerning the buying low and selling is the reason why I think the OP need to hold the bitcoin he/she had in a secure wallet for sometime because the forks issue will bulish bitcoin and holding bitcoin is also means of buying low and selling.

Mr.grin

legendary

Activity: 1218

Merit: 1000

Experience is the best teacher for it. With a lot of experience, you'll find out how to take advantage of bitcoin in terms of investments, and to get that experience, you have to try a lot of new things, and take decisions.

Fireblade

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Activity: 770

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Quote from: AngelSky on April 28, 2017, 08:06:10 AM

Quote from: Blackdeath on April 28, 2017, 02:21:59 AM

Quote from: Duzter on April 27, 2017, 08:58:29 PM

Quote from: vennz17 on April 27, 2017, 08:44:14 PM

if u are newbie in bitcoin, i have a suggestion.

if u want to profit with ur investment in bitcoin, u must wait for cheap price for buy and hold in ur wallet,
And wait till the price goes up and you sell it back.

Agreed, that's the common method that not only the newbie, most of the traders follow. Users who can't afford much can hold small portions that they can afford as the price is high. Also I don't think that the price will fall down anymore less than $1000.

You don't think that it can go less than $1000 but it can happen as volitality occurs as dumpers dump bitcoin again. Also, I don't think they can do it easily since the buy order support in bitcoin is huge, thus it's hard to break it. However, if there is/are negative news woth regards bitcoin, it can really affect bitcoin and hope it won't happen. Let's be positve bitcoiners.

I do not know why you expecting the bitcoin value to dump towards 1000$ or lesser than that. None of the people will expect for forking to happen again on bitcoin. Price is always volatile but its seems stable after the price reaches to 1200$ and more. You will see the value around 2000$ for sure in this Christmas.

i think it is not such a good expectation because we can see that the price of bitcoin is continuously increasing, and there are more chance that the price of bitcoin will hit 1500 USD very soon, therefore i do not think that there any chance that the price of bitcoin will fell down to 1000 USD level again. i think we can only expect that in very near future the price of bitcoin is going to hit 1500 USD level and after that it will certainly cross 2000 USD level at the end of 2017/

AngelSky

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Quote from: Blackdeath on April 28, 2017, 02:21:59 AM

Quote from: Duzter on April 27, 2017, 08:58:29 PM

Quote from: vennz17 on April 27, 2017, 08:44:14 PM

if u are newbie in bitcoin, i have a suggestion.

if u want to profit with ur investment in bitcoin, u must wait for cheap price for buy and hold in ur wallet,
And wait till the price goes up and you sell it back.

Agreed, that's the common method that not only the newbie, most of the traders follow. Users who can't afford much can hold small portions that they can afford as the price is high. Also I don't think that the price will fall down anymore less than $1000.

You don't think that it can go less than $1000 but it can happen as volitality occurs as dumpers dump bitcoin again. Also, I don't think they can do it easily since the buy order support in bitcoin is huge, thus it's hard to break it. However, if there is/are negative news woth regards bitcoin, it can really affect bitcoin and hope it won't happen. Let's be positve bitcoiners.

I do not know why you expecting the bitcoin value to dump towards 1000$ or lesser than that. None of the people will expect for forking to happen again on bitcoin. Price is always volatile but its seems stable after the price reaches to 1200$ and more. You will see the value around 2000$ for sure in this Christmas.

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