How to start trading with 2 BTC? What is the first step? - page 3.

milewilda

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Quote from: RondoAnyar on November 28, 2019, 02:58:32 AM

Quote from: 60BTC on November 10, 2019, 02:53:22 PM

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers Wink

as a beginner maybe you can do simple steps. You can see 2 btc you bought at what price and you can sell today higher than the purchase price or not. if now the selling price is higher than the buy price sell, take your profit and start monitoring the price of the btc until the price drops and buy again. keep repeating the cycle until you really get a profit.
that's a simple step for trading

Yeah a simple buy and sell but...,

It wont really be that simple for sure.It may sounds too easy but on first try you wouldnt even know on what to do. Your target is to enter into the bottom price
and which keeps you waiting and this is where technicals would take place. You should know at least to have these analysis rather than on getting into the market
with pure guess which is typically a gamble. I dont suggest to use 2 btc directly when you are a newbie yet most likely you would surely lose those amounts.

wxa7115

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Quote from: Yamifoud on November 27, 2019, 06:18:11 PM

You should have to think about the risk first and study carefully the current market trends, and lastly, please don't fall into a group of people who are offering huge and easy market returns( doubling your money is just 24 hours) cause they all are scams.

Cause if I have that amount, I only do buying and keep for months or years and just sell if I have already satisfying profit. Never used that for trading if you don't know anything about trading cause it might be a reason that you lose your funds and ended up nothing.

People keep falling into those scams but I do not really understand why, there are several issues with those kind of services, the first is that if they could get those kind of profits for themselves and double their money every 24 hours then they could become the richest person of the world in a matter of months and we know that has never happened before.

The second issue is where you can find a market that can do that consistently? And even if the market of cryptocurrencies is one of the few markets in which there is always a coin doubling its value in 24 hours, how can someone find such coin when there are so many coins already in the market?

RondoAnyar

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Quote from: 60BTC on November 10, 2019, 02:53:22 PM

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers Wink

as a beginner maybe you can do simple steps. You can see 2 btc you bought at what price and you can sell today higher than the purchase price or not. if now the selling price is higher than the buy price sell, take your profit and start monitoring the price of the btc until the price drops and buy again. keep repeating the cycle until you really get a profit.
that's a simple step for trading

Cherylstar86

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Quote from: Yamifoud on November 27, 2019, 06:18:11 PM

You should have to think about the risk first and study carefully the current market trends, and lastly, please don't fall into a group of people who are offering huge and easy market returns( doubling your money is just 24 hours) cause they all are scams.

Cause if I have that amount, I only do buying and keep for months or years and just sell if I have already satisfying profit. Never used that for trading if you don't know anything about trading cause it might be a reason that you lose your funds and ended up nothing.

Being part here in crypto currency community, risk is already with us as we try our luck here and hoping have a good return in the future. Trading is not as easy as what is think of many it takes time to learn all of it and own my own way to learn is to know the basic techniques. Aside from basic techniques the user must know in actual trading in which for me experience it the best learning and if every have some mistakes take note and charge as experience.

Yamifoud

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You should have to think about the risk first and study carefully the current market trends, and lastly, please don't fall into a group of people who are offering huge and easy market returns( doubling your money is just 24 hours) cause they all are scams.

Cause if I have that amount, I only do buying and keep for months or years and just sell if I have already satisfying profit. Never used that for trading if you don't know anything about trading cause it might be a reason that you lose your funds and ended up nothing.

fratoshi

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how things are looking is better to not trade at all, now all exchanges require KYC AML, even dexes are asking for full KYC.

My best advice is to hold to your coins and not trade them or you risk to lose them

JessicaVL

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Quote from: 60BTC on November 10, 2019, 02:53:22 PM

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers Wink

Hey! I would start off by making very small trades at first - particularly if you're going to day trade. Also consider looking into buying from a marketplace like Vertex, you can get good deals from other trader's offerings and fees are kept low because you're buying Peer-to-Peer. Do a lot of your own research and make sure that day trading is the strategy for you - otherwise start off with HODLing in the beginning. As far as profit goes, that's really up to you. Don't make any risky trades and you should be okay, and ALWAYS use a reputable platform - don't get scammed.

wxa7115

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Quote from: Getmon on November 17, 2019, 10:19:12 AM

I'm sorry for discouraging you but you are like playing with fire in starting cryptocurrency trading. Having said this, I advise you not to proceed with it starting with 2 BTC. You need to know more about the starting knowledge, the most fundamental of terms, and the most basic moves in cryptocurrency trading. Save your 2 BTC later on when you are already good in it. Start with the basics first.

You are right, it is important that at the beginning of your journey as a trader you do not use all your capital, newbies do not really like this advice because they cannot wait to make money in the markets but it is the right advice, newbies have a tendency to make all kind of mistakes at the beginning of their career and some of them can be quite costly.

And the only way to avoid the consequences of those mistakes is to not use all your capital at the beginning, and I know this is true first hand since I also made several mistakes when I became a trader and the only thing that saved me from a catastrophe was that I used only a portion of my capital.

bettercrypto

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Quote from: 60BTC on November 10, 2019, 02:53:22 PM

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers Wink

I think it is good to trade 33% of your asset. For example, trade onlu 0.66BTC, why? If you lose then you have another chance to make money. But if your trade you two btc and it lose, probably you don't have chance to have profits. You can put what you want if you are pro trader and you have an excess amount of money or the money will you invest is not important to you.

iamaruf

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You mentioned that you are Newbie in trading. So my suggestion is don't invest all your btc in trading. You can hold 1btc for future.use 1btc for trading. This technique will be helpful for you. To learn trading you can read this section. Also try to watch video about trading.try to trade only top rated coin to avoid huge loss.Also don’t invest all of your btc in one altcoin.

Realroy

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Quote from: pixie85 on November 17, 2019, 04:43:04 PM

First of all you have to realize that you're already trading because you have a market position. You bought 2 BTC which mean you have a long! This is very important for you because you already are invested whether you like it or not.

The second important thing is realizing that you have a long in a bear market. Bitcoin has lost 10% in the last month so you're down 10% already before you even start trading. Do you really want to exit your long now when we might be at the bottom of this correction? Trading is difficult and newbies get rekt.

exactly what i wanted to say. you are already into trading bitcoin, you should've started planning the moment you bought those 2 BTC. but, it's never late to start. better start small, don't risk all of those 2BTC.

pixie85

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First of all you have to realize that you're already trading because you have a market position. You bought 2 BTC which mean you have a long! This is very important for you because you already are invested whether you like it or not.

The second important thing is realizing that you have a long in a bear market. Bitcoin has lost 10% in the last month so you're down 10% already before you even start trading. Do you really want to exit your long now when we might be at the bottom of this correction? Trading is difficult and newbies get rekt.

barota

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starting trading ; how? if you have skill before; in this market by looking to the situation of altcoins ; i think you know that bitcoin is the only legit investement . i advice you to hold your bitcoin for long term and not for short term ; and for sure you can get lot of profit in the future
if you are new in electronic money ; you must aware from lot of sites exchange bitcoin when you want buy bitcoin with usd.in thhis case i advice you to use binance.com

Hamphser

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Quote from: Getmon on November 17, 2019, 10:19:12 AM

I'm sorry for discouraging you but you are like playing with fire in starting cryptocurrency trading. Having said this, I advise you not to proceed with it starting with 2 BTC. You need to know more about the starting knowledge, the most fundamental of terms, and the most basic moves in cryptocurrency trading. Save your 2 BTC later on when you are already good in it. Start with the basics first.

I agree! People need to do their own research first and try applying it on the market. But of course, it won't be that easy as you think so you might wanna practice it first on a virtual machine that simulates the market movement and then try applying it on the real exchange. But first you have to choose what strategy you have to use in order for you to gain the desired profit.

davinchi

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Trading is not so easy as people make you think man, and you really need to be very full of knowledge about it and I must tell you that the best way to get some education, I mean basic education is going to be for you to go on YouTube, all the resources that you have are already there and many people would train you like you are in the class, it is just that you have to really research on the ones that is going to simplify the tutorial for you because not everyone you see have a tutorial on the age knows how to teach, some of them are just trying their best just to make you tube money while some of the do put passion to it.

Aside YouTube, there are some books called crypto trading for dummies on the net which you can get from Google, and finally, you still need to look for a live mentor around you which you can get from your area.

Getmon

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I'm sorry for discouraging you but you are like playing with fire in starting cryptocurrency trading. Having said this, I advise you not to proceed with it starting with 2 BTC. You need to know more about the starting knowledge, the most fundamental of terms, and the most basic moves in cryptocurrency trading. Save your 2 BTC later on when you are already good in it. Start with the basics first.

carriebee

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Quote from: Clark05 on November 16, 2019, 09:59:45 AM

The capital you have is good and better for you to be careful when you buy a coin because 2 bitcoin is very high amount of money. You can start day trading if you want but you need to know the basic learning of trading to not do any mistakes to avoid losing money on day trading. You need to consider a lot when you enter in trading best of luck to your journey do your best to grow your bitcoin.

Almost advise had been given, also important that we can share is never start to invest without knowing anything in crypto. Also know the risks in crypto, gain knowledge first as we know the market is unstable. Indeed the capital is big amount and the best to do once already know how to trade is start with small funds and if ready diversify the investment into good coins.

Clark05

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The capital you have is good and better for you to be careful when you buy a coin because 2 bitcoin is very high amount of money. You can start day trading if you want but you need to know the basic learning of trading to not do any mistakes to avoid losing money on day trading. You need to consider a lot when you enter in trading best of luck to your journey do your best to grow your bitcoin.

alexsandria

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Quote from: 60BTC on November 10, 2019, 02:53:22 PM

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?

Look and try to understand the basics of trading first. Set your plan, invest what you can afford to lose, and lastly discipline yourself. In addition, 2 BTC were too way big for a fund, diversify it, or just cut some little piece of it.

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where to learn the basics? some good books?

The internet is enough for you. You can gather alot of infos here in forum, youtube, and google.

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how much profit can i expect daily in the beginning?

Depending how you do the trading. Sometimes you won't get any in return.

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How to avoid major loss?

Imbibe knowledge, and discipline as well.

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is there any professional traders that allow to follow their trades and they charge some fees for it?

You can see alot here in forum mate. Explore it.

LouVandetta

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Quote from: 60BTC on November 10, 2019, 02:53:22 PM

So i have decided i will start trading with 2BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers Wink

First thing first, learn everything you need to know about the basic of trading. You could find them on google, in the forum, books or watch some videos, or if you have a friend that could give you guidance, it'd be better. And with 2 Bitcoin is quite the sum of fund you have there. Just, always remember, there's always risk no matter what strategy you choose. I can say that 2 bitcoin isn't something you're willing to lose just like that if you ever lose it in the process. So, use a little funds first. You need to get the gist of trading first. And about which one between daily or long, you'll find the answers in the forum, we have a bunch of them threads all over here.

Topic: How to start trading with 2 BTC? What is the first step? - page 3. (Read 1300 times)