How to trade your Bitcoin | Bitcointalksearch.org

Rengga Jati

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Quote from: Remiscoin5 on February 16, 2023, 03:49:12 AM

Please my fellow friends fans and family I greet everyone in this house. I am new year I hope I am welcome. I need more update about Bitcoin how to invest in Bitcoin how to trade with it. Friends have been testifying about it I really need the help of this house is. I strongly believe that bitcoin is one of the best investment someone can invest but the question is how can I do it I really need the help of this room please

Have you understood the plus and minus of investing in Bitcoin? Although investing in Bitcoin probably gives you high profits, on the other hand, investing in Bitcoin is also risky The question is, have you really noticed the risks? If you're doing so, you must know the risk and profit probability, because not all Bitcoin investments will be profitable and promising because of some mistakes.

After making this thread, I ensure you, don't believe anyone who gives you help and wants to help you to invest in Bitcoin, never trust anyone although they promise you very big profits that are very enticing, never trust them.

If you are willing to invest in Bitcoin, you must learn first, but what and how Bitcoin investment is. Additionally, you must also understand wallets and also exchanges, both CEX and DEX.
So, you will not really be confused about where the best way to buy Bitcoin and sell it. Because you can search for the top exchanges in Coin Market Cap
https://coinmarketcap.com/rankings/exchanges/.
Choose at least the top exchanges, and then you can save your Bitcoin in your personal wallets, not the online wallet.

Fuso.hp

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Before trading in bitcoins one must have an understanding of trading. Various market statistics are reviewed. It is necessary to have a good idea about the candles, in which condition the market will create a good support and in which condition the market will come down again. I am trying to get an idea about these things from online platforms, once I have a good idea about these things, I will definitely start trading in Bitcoin.

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Quote from: Remiscoin5 on February 16, 2023, 03:49:12 AM

Please my fellow friends fans and family I greet everyone in this house. I am new year I hope I am welcome. I need more update about Bitcoin how to invest in Bitcoin how to trade with it. Friends have been testifying about it I really need the help of this house is. I strongly believe that bitcoin is one of the best investment someone can invest but the question is how can I do it I really need the help of this room please

First welcome for being new here. Second, information and resources can be found through the forum and you can simply use the search box at the top right just as it's like google. Third, if you think that you can't find the information that you want, ask your friends first how they do it.
There could be easier interaction through them if you're going to ask them how they've done it. Lastly, as a newbie, don't engage yet with trading and what you must try to do first is to accumulate and hold.

isaac_clarke22

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Quote from: Remiscoin5 on February 16, 2023, 03:49:12 AM

I strongly believe that bitcoin is one of the best investment....

Well you might not need it at all anyway since you are already correct about it being one of the best investment anyway. I am not discouraging you from trading, but my experience in trading especially "day trading" is a pain in the ass.

See this thread made by 1miau and it really sums up my exact experience when I attempted day trading - Trade vs. HODL - avoid traps. Just HODL bitcoin and you would not worry about single thing ever. Save yourself from being mentally exhausted from learning if you can just do and earn the same way in almost single step.

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Quote from: Remiscoin5 on February 16, 2023, 03:49:12 AM

Please my fellow friends fans and family I greet everyone in this house. I am new year I hope I am welcome. I need more update about Bitcoin how to invest in Bitcoin how to trade with it

you can earn bitcoin here with some few tips https://bitcointalksearch.org/topic/general-how-to-earn-bitcoins-1629118 while making an investment needed you to get an exchange where your fiat can be use to secure a particular amount of bitcoin rate and have your asset well reserved on your wallet which is a decentralized one, hold it by not selling for about two to four years and then sell whenever you see the price rises than your purchasing rate or value, trading is by p2p as well and all you needed is to go through the same procedures in buying for selling it, you can learn more about trading by reading threads on the speculation board and bitcoin discussion.

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Quote from: aysg76 on February 16, 2023, 10:18:51 AM

Quote from: Popkon6 on February 16, 2023, 04:43:22 AM

A safe place to keep your bitcoins. You can use a hardware wallet.

Are you calling CEX safe place to store your coins or hardware wallets? The thing is you can invest money through these exchanges into bitcoin like Binance but you have to undergo lot of KYC procedures which ends up your privacy but worse is if you still keep your coins over these exchanges as they will posses the keys to your coins so better be prepared to lose them anytime.If hardware wallets are expensive for you then non custodial wallets like Electrum are best alternative for storing your bitcoins safely.

For holders, bitcoin is never stored on an exchange or preferably away from centralized exchanges. But for traders, what better option do we have? I don't see any 2nd option if you are a trader and profit from trading. Centralized exchange is almost the only option that exists in the market, DEX still cannot provide the optimal trading solution as CEX is providing. CEX is still essential for the market, by using them wisely, we can limit the risk.

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If we are talking about trading your Bitcoin in general, the first question that comes into my mind is, where do you get or store your BTC? It's important to know that before trading because that's when you will determine if it's going to be a custodial wallet or if you are going to HODL BTC in a wallet you can control.

The easier way is to buy it off-exchange and store it there.
A safer way is to store it in a wallet you can control. That's the best thing so you can prevent possible hacks.

It depends on what you're planning in the future and what you will do about it because that's going to be the deciding factor for you. There are a lot of tutorials on YouTube if you plan to do it and focus on it.

JeromeTash

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Quote from: tranthidung on February 16, 2023, 09:49:10 AM

I hope that you won't learn your hard lessons (with loss, forced liquidations) from Margin and Future tradings as well as at less cost from Spot trading.

He has to, it's part of the path to learning trading and mastering one's trading strategy Grin

If he fears losses, then he will never learn how to trade, let alone keep his emotions in check. Even the most seasoned and experienced traders make losses once in a while. The best thing to do is look at trading as a long term thing and not a one-off get-rich-quick kind of thing because the latter is like winning a lottery.

tranthidung

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Quote from: aysg76 on February 16, 2023, 10:18:51 AM

Are you calling CEX safe place to store your coins or hardware wallets? The thing is you can invest money through these exchanges into bitcoin like Binance but you have to undergo lot of KYC procedures which ends up your privacy but worse is if you still keep your coins over these exchanges as they will posses the keys to your coins so better be prepared to lose them anytime.If hardware wallets are expensive for you then non custodial wallets like Electrum are best alternative for storing your bitcoins safely.

Centralized exchanges are not safe places to store your coins, never.

They can scam you with scam exit.
They can have bad risk and capital management which ends with bankruptcy and you will likely not get any compensation.

Reminder: do not keep your money in online accounts

Alternatively, non-custodial (self-custodial) wallets are safe place to store your coins.

aysg76

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Quote from: Popkon6 on February 16, 2023, 04:43:22 AM

A safe place to keep your bitcoins. You can use a hardware wallet.

Are you calling CEX safe place to store your coins or hardware wallets? The thing is you can invest money through these exchanges into bitcoin like Binance but you have to undergo lot of KYC procedures which ends up your privacy but worse is if you still keep your coins over these exchanges as they will posses the keys to your coins so better be prepared to lose them anytime.If hardware wallets are expensive for you then non custodial wallets like Electrum are best alternative for storing your bitcoins safely.

tranthidung

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Trading is bad than investment and margin (leverage) and future tradings are worse than Spot trading. I hope that you won't learn your hard lessons (with loss, forced liquidations) from Margin and Future tradings as well as at less cost from Spot trading.

If you trade, learn to use Stop loss, Stop-limit orders that are weapons to protect your funds.

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Quote from: Remiscoin5 on February 16, 2023, 03:49:12 AM

...I strongly believe that bitcoin is one of the best investment someone can invest but the question is how can I do it I really need the help of this room please

Theoretically, there is nothing difficult to make a profit from bitcoin trading: buy on the bottom and sell on haight. But this is only in theory, in order for it to be in practice, knowledge and experience are needed. Simpler for a beginner is the bitcoin holding strategy, when you buy BTC and hodl till of the goals you have designated.

Dr.Bitcoin_Strange

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It's pretty simple to buy Bitcoin so long as the government is not against it in your region, but before investing in Bitcoin, get to know the risks involved, such as protecting your wallet phrase, investing what you can afford to lose, and never storing your Bitcoin in a centralized exchange.

How to buy Bitcoin from a Bitcoin ATM https://youtu.be/OwAe42aYEQ4

how to buy Bitcoin on Binance, easy method for beginners https://youtu.be/QCJtOJv11hQ

CageMabok

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Quote from: Remiscoin5 on February 16, 2023, 03:49:12 AM

Please my fellow friends fans and family I greet everyone in this house. I am new year I hope I am welcome. I need more update about Bitcoin how to invest in Bitcoin how to trade with it. Friends have been testifying about it I really need the help of this house is. I strongly believe that bitcoin is one of the best investment someone can invest but the question is how can I do it I really need the help of this room please

For updates about Bitcoin I think now you can find it in many places including in this forum, and for how to invest in Bitcoin you can start by buying as much Bitcoin as you can and holding it for some time or until you see the price of Bitcoin at a higher level than Now.

For how to trade with Bitcoin, you only need to use several large, well-known exchanges and try to buy at a low price or when a price correction starts to occur in Bitcoin, then sell it when the price has started to increase like in the past two days. Very simple and not at all difficult.

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Aside from investing in Bitcoin I think you still need to learn somethings associated with Bitcoin and also how it works so that you won't just be holding Bitcoin without even having the slightest knowledge of what it is that you're holding. And besides, you still need to learn how to keep the coin safe, it's one thing to have Bitcoin and another to keep them safe... So Op if eventually you successfully purchase some (because I see that some exchanges have already been suggested for you ) should try to learn about security and privacy to increase the safety of your coin.

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As for the advice given to you by popkon6, make sure you go through Binance exchange rules when trying to sell Fiat for Bitcoin, do not send funds to a seller using a different account from the one you use to register on Binance, I will like to explain better, assuming you register with a bank account for p2p payment, make sure you don't send money to the seller using a second account. Also, if you want to sell, make sure that you release fund, only after you get deposited in Fiat into your bank account.

Popkon6

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You need to create a centralized exchange account like Binance. You need to make exchange money from p2p first. From there you can also withdraw BTC or USD coins. And by this proof of mine you can trade. Where you can easily transact on the centralized exchange.

A safe place to keep your bitcoins. You can use a hardware wallet.

Nheer

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Quote from: Remiscoin5 on February 16, 2023, 03:49:12 AM

Please my fellow friends fans and family I greet everyone in this house. I am new year I hope I am welcome. I need more update about Bitcoin how to invest in Bitcoin how to trade with it. Friends have been testifying about it I really need the help of this house is. I strongly believe that bitcoin is one of the best investment someone can invest but the question is how can I do it I really need the help of this room please

Like you said, numerous witnesses have stated that bitcoin is the finest investment because the risks are lower and it is safer than other cryptocurrencies. I suggest doing your research before investing your money so you know what you're getting into and don't just dive in because everyone else is doing it or because it's profitable.

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Quote from: Remiscoin5 on February 16, 2023, 03:49:12 AM

I strongly believe that bitcoin is one of the best investment someone can invest but the question is how can I do it I really need the help of this room please

If you think that, then why not just buy and hold bitcoin? You don't need to trade assets that you're bullish in. For 99% of people, it's simply better to find other sources of money besides trading.

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Quote from: Remiscoin5 on February 16, 2023, 03:49:12 AM

I strongly believe that bitcoin is one of the best investment someone can invest but the question is how can I do it I really need the help of this room please

In terms of multiplier gains I think some altcoins can beat that overtime. But bitcoin is one of the trusted crypto in the industry and you might not be bothered of potential scam like altcoins.

Just like littlemouse said, you could use Binance if cex isnt a thing or issue with you, and he did suggest a dex for bitcoin trading. Might as well, focus on doing decentralized first, by incorporating yourself with how to handle btc in wallets. Then proceed only on cex, if you are comfortable already.

Topic: How to trade your Bitcoin (Read 175 times)