recognize bitcoin before investing A friend confide to Admin name himost Bitcoin when Bitcoin price is still around Rp 6 million per Bitcoin. And is confused with the price of Bitcoin which is now below Rp 5 million. Makes him buy Bitcoin with all his savings.
Admin once wrote by investing with Bitcoin has two risks. That is the security risk of your wallet and Bitcoin price risk itself. This time the Admin will discuss about the risks of Bitcoin in terms of price. Speaking of Bitcoin prices, Bitcoin's price is related to market expectations. So this time ignore the security of your wallet, suppose your wallet is really safe. Admin has also often provide tips on cleanliness of Bitcoin wallet.
Bitcoin rising and falling prices. Medium Expectations of negotiating markets on supply and supply. Just as market expectations on a company compete stock prices or market expectations in a developed country.
Compared to other types of investments such as Gold, Land, Mutual Funds and Stocks. Bitcoin investments include high risk investments with high returns as well. By condition, if you decide to buy Bitcoin as a means of investment. Think wisely how much money you will spend on Bitcoin. Do not be greedy Greed will only make yourself difficult.
Bitcoin prices are very liars. In 2011 Bitcoin price never reach US $ 30 and free fall below US $ 5. In 2013 Bitcoin price has reached US $ 266 and plunged up to US $ 60. You must be aware there is a possibility that Bitcoin you buy can be reduced to more than half of it.
You should also be aware of the adoption process of using Bitcoin as a medium of exchange in many countries of the world could fail. It could be people still prefer to transact using the traditional currency. Or it could be found a more sophisticated and more preferred Bitcoin.
Topic: How to make the first steppes in investing? (Read 370 times)
- Identify how much do you want to invest first which you can afford to lose out some if the prices drop after you have bought them.
- Once you know you have certain amount then invest in good altcoin at pre ICO stage or at ICO stage so that you get them at cheaper price and you hold it when the price rise once the ICO is complete.
- Invest in multiple coins and not in just one coin so that you can spread your risks equally.
You may be right but I think otherwise. I think the very first step in investing is to make a right choice of where to invest. If you make a wrong choice, then there are likely chances that you will get nothing from your investment. - Once you know you have certain amount then invest in good altcoin at pre ICO stage or at ICO stage so that you get them at cheaper price and you hold it when the price rise once the ICO is complete.
- Invest in multiple coins and not in just one coin so that you can spread your risks equally.
Secondly, learn as much as you can about that business in which you are planning to invest. Start with small amount and then increase it from time to time.
Always make your own diligence and analyze all given data correctly before investing single penny.Set your rules and follow them no matter how harder situation you gonna to face.
first choose what you want to trade/invest in. bitcoin, altcoin, gold, stocks,... ?
then find where you can trade these things and find the best place for them.
finally the most important thing to learn is to figure out what affects the price of each of these. watch the news and the market and try to connect the dots. little by little you gain enough experience to figure it out on your own.
you just have to start trading. in my experience trading is something that you will never learn by just reading stuff online. you have to get your hands dirty. in crypto trading the good news is that you can start with a small amount of money. even as small as $1 and work your way up that way with so little risks to allow you to focus on things that actually matter.
then find where you can trade these things and find the best place for them.
finally the most important thing to learn is to figure out what affects the price of each of these. watch the news and the market and try to connect the dots. little by little you gain enough experience to figure it out on your own.
you just have to start trading. in my experience trading is something that you will never learn by just reading stuff online. you have to get your hands dirty. in crypto trading the good news is that you can start with a small amount of money. even as small as $1 and work your way up that way with so little risks to allow you to focus on things that actually matter.
Well for me, it is better to 1st invest in btc as surely that is the main currency and if either gained or lost money, at least you have an idea on how trading works. Then slowly try other currency by using btc. It is easy to learn trading if you really experienced it. Buying other currency in your 1st time other than btc would really be frustrating as most traders here are in btc and probably many could relate unlike other currency where it would be rare them to help.
- Identify how much do you want to invest first which you can afford to lose out some if the prices drop after you have bought them.
- Once you know you have certain amount then invest in good altcoin at pre ICO stage or at ICO stage so that you get them at cheaper price and you hold it when the price rise once the ICO is complete.
- Invest in multiple coins and not in just one coin so that you can spread your risks equally.
- Once you know you have certain amount then invest in good altcoin at pre ICO stage or at ICO stage so that you get them at cheaper price and you hold it when the price rise once the ICO is complete.
- Invest in multiple coins and not in just one coin so that you can spread your risks equally.
first choose what you want to trade/invest in. bitcoin, altcoin, gold, stocks,... ?
then find where you can trade these things and find the best place for them.
finally the most important thing to learn is to figure out what affects the price of each of these. watch the news and the market and try to connect the dots. little by little you gain enough experience to figure it out on your own.
you just have to start trading. in my experience trading is something that you will never learn by just reading stuff online. you have to get your hands dirty. in crypto trading the good news is that you can start with a small amount of money. even as small as $1 and work your way up that way with so little risks to allow you to focus on things that actually matter.
then find where you can trade these things and find the best place for them.
finally the most important thing to learn is to figure out what affects the price of each of these. watch the news and the market and try to connect the dots. little by little you gain enough experience to figure it out on your own.
you just have to start trading. in my experience trading is something that you will never learn by just reading stuff online. you have to get your hands dirty. in crypto trading the good news is that you can start with a small amount of money. even as small as $1 and work your way up that way with so little risks to allow you to focus on things that actually matter.
other assets and cryptocurrency is not 'quite different' but instead it's 'totally different'.
for your info,most of them can be easily manipulated by peoples/groups and organizations.unlike other assets that need a lot of global news,pressure and factors to make a movement for its price.
other than that in cryptos you will sell it when the news come and buy it when the rumours up.
because when the news come up the price will not move upward but instead it will be move downward.
a lot of people using that news to hype the project and boost the price.
lastly,never trust anybody.you will see a lot of people shilling and fudding for something/project.
do your own research before investing your money and make a preparation for a week/month/year later on to prevent the fudder.
a lot of project underwater because of the fudder,that is why you should make a preparation to fight it because when they push it to the bottom most likely in the next month/year that project will get pumped by them.
for your info,most of them can be easily manipulated by peoples/groups and organizations.unlike other assets that need a lot of global news,pressure and factors to make a movement for its price.
other than that in cryptos you will sell it when the news come and buy it when the rumours up.
because when the news come up the price will not move upward but instead it will be move downward.
a lot of people using that news to hype the project and boost the price.
lastly,never trust anybody.you will see a lot of people shilling and fudding for something/project.
do your own research before investing your money and make a preparation for a week/month/year later on to prevent the fudder.
a lot of project underwater because of the fudder,that is why you should make a preparation to fight it because when they push it to the bottom most likely in the next month/year that project will get pumped by them.
If you are beginner then i would recommend you to go with crypto like BTC, ETH,and LTC which have high volume and high liquidity.
Is it better to trade crypto in pairs to fiat or crypto to crypto? It seems like it is better to chose the safer option for begining.
Also I would like to ask about tech analysis, does it work in crypto? Some traders are sure that it is useless here.
Hey there!
Finaly I've got enough time to start learning something about trading. My aim is to become an efficient trader in different markets and for the beggining I need to choose one to start learning.
It seems like I need to look thru a huge amount of material before working on the market but even learning about top cryptocurrencies takes pretty much (and I suspect that there is even more information on the other makrets) so it becomes a bit messy.
I decided to make my own roadmap but first I should choose the market that I will work on (forex, stocks, crypto). I want get knowledge that could be applied in other markets (I've heared that crypto is quiet different from everything else) so I would like to ask experienced investors for advice.
I apreciate all constructive advices.
Finaly I've got enough time to start learning something about trading. My aim is to become an efficient trader in different markets and for the beggining I need to choose one to start learning.
It seems like I need to look thru a huge amount of material before working on the market but even learning about top cryptocurrencies takes pretty much (and I suspect that there is even more information on the other makrets) so it becomes a bit messy.
I decided to make my own roadmap but first I should choose the market that I will work on (forex, stocks, crypto). I want get knowledge that could be applied in other markets (I've heared that crypto is quiet different from everything else) so I would like to ask experienced investors for advice.
I apreciate all constructive advices.
Great i am happy that you have started learning something about trading. Note that there is not much bigger differences in trading stocks and trading cryptocurrencies . The only difference is volatility,liquidity and the way of accumulation is little bit complex in crypto than stocks . You can see everything clearly in Crypto charts that dips and rallies are tough to find out. If you are beginner then i would recommend you to go with crypto like BTC, ETH,and LTC which have high volume and high liquidity.And yes you can apply the knowledge of technicals from stocks to crypto without any doubts.
So in order to become efficient trader i would say that you Just need to do tons of practise and apply it and then repeat it daily.
Well, in regards to trading in general you could pick the coins / shares you want to invest in yourself instead of looking at others for advice. You might want to plan a strategy before taking any action in trading, and try to not deviate from that strategy. A lot of things to keep in mind while trading comes down to emotion actually!
As far as the cryptomarket concerns; looks like the days of making quick and easy profits in crypto are over for the time being so be sure to do some research in a certain coin before investing.
As far as the cryptomarket concerns; looks like the days of making quick and easy profits in crypto are over for the time being so be sure to do some research in a certain coin before investing.
I personally don't think that learning forex and stocks is necessary to learn how to trade cryptocurrencies.
Seems like you misunderstood me a little bit. My goal is to learn trading in several markets (not only crypto) and now I'm seeking for similarities in different markets to be sure that I'll get more universal knowledge.Also I don't know how crypto market works but the plan like "just take some bitcoins and trade it" seem a bit unpractical.
3. Only use bittrex or poloniex to buy and sell alts which are listed there and have good daily trading volume, if you buy some coin without any volume you might end up holding worthless coins.
I remember that Polo had troubles some time ago, is it fine now?
1. Try to find some good ICO and invest in them, try to buy those tokens during pre-ICO for huge discount and hold them for atleast 6 months.
2. You can also buy some alts right now because almost all alts like ETC is really undervalued because all are focusing on bitcoin, buy those cheap coins and wait for good pump.
3. Only use bittrex or poloniex to buy and sell alts which are listed there and have good daily trading volume, if you buy some coin without any volume you might end up holding worthless coins.
4. Don't buy at peak price and don't sell for loss
5. Always sell half when price is pumping and hold half to sell at higher price, don't took profit too early.
There are many things you should consider before investing in crypto, but above are few key suggestions.
2. You can also buy some alts right now because almost all alts like ETC is really undervalued because all are focusing on bitcoin, buy those cheap coins and wait for good pump.
3. Only use bittrex or poloniex to buy and sell alts which are listed there and have good daily trading volume, if you buy some coin without any volume you might end up holding worthless coins.
4. Don't buy at peak price and don't sell for loss
5. Always sell half when price is pumping and hold half to sell at higher price, don't took profit too early.
There are many things you should consider before investing in crypto, but above are few key suggestions.
I personally don't think that learning forex and stocks is necessary to learn how to trade cryptocurrencies. Try to just allocate a small amount of your cryptocurrency holdings and use that small amount to play around with trading. Expect to lose money if you're new of course. Depending on what kind of trading you're looking into, I would suggest simply reading and be updated on cryptocurrency news, so you would have an idea on what coins will pump in price and probably crash a bit due to certain various news.
Hey there!
Finaly I've got enough time to start learning something about trading. My aim is to become an efficient trader in different markets and for the beggining I need to choose one to start learning.
It seems like I need to look thru a huge amount of material before working on the market but even learning about top cryptocurrencies takes pretty much (and I suspect that there is even more information on the other makrets) so it becomes a bit messy.
I decided to make my own roadmap but first I should choose the market that I will work on (forex, stocks, crypto). I want get knowledge that could be applied in other markets (I've heared that crypto is quiet different from everything else) so I would like to ask experienced investors for advice.
I apreciate all constructive advices.
Finaly I've got enough time to start learning something about trading. My aim is to become an efficient trader in different markets and for the beggining I need to choose one to start learning.
It seems like I need to look thru a huge amount of material before working on the market but even learning about top cryptocurrencies takes pretty much (and I suspect that there is even more information on the other makrets) so it becomes a bit messy.
I decided to make my own roadmap but first I should choose the market that I will work on (forex, stocks, crypto). I want get knowledge that could be applied in other markets (I've heared that crypto is quiet different from everything else) so I would like to ask experienced investors for advice.
I apreciate all constructive advices.
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