Topic: how to trade bitcoin, how to trade cheap bitcoin (Read 219 times)

Trading simply means buying and selling for that you can use any available platform and for more profit find something with best price and less fee.I don't think we can buy bitcoin cheaply from any exchanges or unless a whale trying to push the price too much down.

If you want to buy it for cheap then buy from someone who don't know the actual value of bitcoin at the moment.

As a newbie to trading, one would need lots of learning, this involves studying strategies that has worked for others and experimenting on them to find the most suitable one. It's advisable to stick to your strengths, but this is very likely a strategy that has been used by someone else in the same form or modified.

Of course one must first study the fundamentals, and build a strong base on which to diversify your learning. Do not dabble into trading on the back of someone else's success.

not not want to give an example, but they do not understand from what is explained maybe.
when I joined a trading group, I was taught to know about trading terms like support, resistance, MA, RSI, and the like that I didn't know at first.
he told me that was all there was in trading, only I did not understand so it was difficult to understand what he was saying.

I am not sure that strategies are what can be learned, I think one have to actually personally develop the strategy that one uses to trade which I think only comes after learning so much about trading already. I have come across so many people also advising people of always having their own strategy and no one really has shared any.

One thing that I just believe is that the moment we have the thorough knowledge about trading which is the first thing that we have to go for first, then developing strong skill and strategy should really not be much of a difficult thing, it should naturally come to one, as one gets deeper in trading, but before strategy can be visible, one must have even done lots of practices in the market for one to really say this is the main strategy that works.

For some reason, everyone is talking about some strategies, but no one can give an example of at least one, with which you can get income on the cryptocurrency market from trading.  I have repeatedly been convinced that any statement, especially for traders, always carries well-known information.  Therefore, I came to the conclusion that trading is very personal for everyone and for newcomers like me I will have to learn for myself.

We know that but I'm afraid we have different experience and fund. You can trade in many place use your strategy any time you want but I believe people will have different skill depend their experience. Choose coin, exchange and strategy is important but for trade never use your salary or debt to others. First thing start with that and enjoy your next journey.

Investment experience takes a lot of time because the current market is hard to make good profits and if you are not careful, the loss of money will happen very quickly. I have been in this market for more than 4 years but until now I have not been able to control my profit because the value of each coin is always very volatile and cannot predict what will happen next.

The bear market has been going on for the past 2 years and there is no sign of stopping so this year will probably be a bad year for all investors here. You may not be able to make a good profit, but you can choose to invest long-term in top coins because these are potential coins for price appreciation.

There are a lot of information on the internet on how you can able to trade bitcoin and even in this forum, you can see some guides on how you can earn and trade with bitcoin. You can simply explore this forum and check some thread or section that tackles about bitcoin trading. When you entering in the world of cryptocurrencies and you want to buy bitcoin the only first thing that you need to is to create a wallet because it will act as your storage of money. In terms of exchange site maybe always use a reputable and trusted exchange site just like binance and bittrexx.

I recognized the effort of the newbie guy. At first, I though I may read some tips or ways on how to safely trade bitcoin. Not the other way around. We know it for sure about how to trade it, but how can we determined if bitcoin is already in it's cheap price?

Otherwise, I also respect the exchanges you have mentioned especially in Vietnam country. But there are still reputable exchanges which has a positive feedbacks from the other users. Of course we can start bitcoin trading by choosing where exchange we can basically trade it.

You can still check some CRYPTO EXCHANGE LISTS that are trusted.

Just wanted to pop in because I have noticed something in how he named his thread. First of all he is supposed to be a newbie. Note that down. The major flaw I see is how do we know if Bitcoin is cheap so we buy it with as little amount of money as possible? 

Bitcoin is worth around $8000 now, but if in one year we will pass the $50k mark $8k will become a very cheap price level. Fundamentally that's how the market moves. If more people think that the current price is discounted(cheaper) and buy it then the price will jump up.

I somehow envy people in Vietnam or Nigeria etc. because they can sell bitcoin at much higher prices if they know how to "source it" internationally.

There are a lot of steps to follow when buying and selling bitcoin. It cannot really be compared to the market where you can just grab something and pay for it after all. A lot of resources were spent on researching on its current market price and possible progress in the future.

As you said as well, a good platform to start with is a must for every person trying to buy bitcoin. Not only that, they should know enough about how to keep their wallet safe, and the different types of wallet they can get and will cater to their preferences. They should always prepare for any unexpected changes in the market flow since that will basically tell if they could profit or not.

You also have to participate in community discussions about possible developments in the future so you can try and prepare for it and decide where to go from there. A lot of decision making is made when deciding to buy bitcoin and it could really be a life changer for those just starting.

Before investing into we should do our own research about that. here are some tips to investing Bitcoin.
Here are the five steps you should know to buy bitcoin:
1.Determine where to buy bitcoin
2.Make your plan
3.Select storage method for your bitcoin
4.Buy bitcoin
‍Do Your Homework: Always understand what you are doing and how bitcoin works. And keep on learning!‍
Proceed With Caution: Buying bitcoin is always risky, just like any other type of trading or investing.‍
Diversify Effectively: By diversifying your portfolio, you will lower the chances of losing your money when one component decreases in value. Stablecoins pegged to local currencies are a good option.‍
Keep Coins In Wallets: Don’t keep your purchased bitcoin in exchanges as they are not the best or safest place to store cryptocurrency.‍
Prepare For Volatility: Always be prepared for any kind of changes. Stick to your plan and HODL.
5.Key moments to focus on

When it comes to BTC, you should be a good decision maker. If you’re a beginner find more ideas and knowledge to gain more experience. Do some research or ask for some real crypto enthusiasts on what are the important factors in trading. For example, the updates in the chart and trending events about BTC.

Having experience will help you to become more wise and disciplined. It is also essential to secure your transactions and keep yourself away from scammers. Just always be patient and observant in the market. By this, you’ll become the bread winner in the market.

Lol everyone can trade bitcoin even those new ones the only thing they cannot achieve having no experience while trading is profit.They will surely lose their money using to fund their trading habbits because they dont know how that even works

do you really think that no one here knows about all of this? your post must be posted on meta there is a topic in there that they qoute funny post like this.

A reputable broker is an exchange that you are familiar with and you know that you can easily access the customer support especially if you are experiencing any problems with your transactions.

There are plenty of reputable exchange out there like binance and etc. but you need to choose wisely what you really want to use in order to purchase a cheap bitcoin so you can trade without worrying anything.

Yes of course it is important to select reliable and trustworthy brokers but what really matters in trading is time, experience, resources and knowledge. Trading does not just mean chart reading to determine the value but it needs time to do some research of the current and trending events that possibly impact the market. Experience is necessary so that you may avoid scammy transactions and you will know simple troubleshooting and techniques to do your trades. Resources is needed since not all trades are successful so you need resources so that in times that you will lose you will still have some back up funds to continue trading. Knowledge is built up upon years of experience, time and resources being spent and this is one of your greatest weaponry to win the war in trading.

You need to be able to trade bitcoin. To be able to do this, you need to get experience. To gain experience you need to trade more

What is Bitcoin trading?

Bitcoin is a cryptocurrency that appeared in 2008 and is encrypted to serve users. Bitcoin is preferred by most countries around the world and used as a profitable investment.
This currency is exchanged and traded via internet devices without intermediaries and is not completely managed by anyone. However, the above transactions are completely anonymous and absolutely confidential. This is also known as Bitcoin buying and selling process.
You want to make your own cryptocurrency exchange or refer to some of the following reputable and cheap services: https://vakaxa.com/vi/dich-vu-lam-xay-dung-va-phat-trien-san-giao-dich-tien-dien-tu-uy-tin/
How to trade cheap Bitcoin

Buying and selling Bitcoin is one of the most important processes. This is a transaction between someone who wants to sell and someone who needs to buy Bitcoin when in need. The buying and selling process is fast, and processed with high accuracy.
When buying and selling Bitcoin you first need to create a wallet to store your purchased Bitcoin. Besides, you need to completely secure your wallet to avoid hacker intrusion causing your wallet to lose the right to use and you to lose money.
In order for the Bitcoin trading process to go smoothly and quickly, you need to prepare a bank account and internet banking service to make it easier to trade.
In the end, choosing a reputable Bitcoin exchange is not to be missed. You should choose Bitcoin exchanges in Vietnam such as Kenniex, Vituco.com, Remitano.com, Tradecoin Binance, etc. to make Bitcoin purchases.
TOP 5 most reputable Bitcoin trading floors in Vietnam
There are many Bitcoin exchanges around the globe. However, you need to learn and choose for yourself a reputable broker to avoid floor collapse and unexpected risks.