I'm a beginner, I want to start trading. What should i do? - page 22.

lovesybitz

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Quote from: Phoenil on April 11, 2017, 10:24:59 AM

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.

1. You must start study about in bitcoin first before trading.
2. You can use Poloniex, Bittrex, C-cex, Novaexchange, Cryptopia, Bitcoinwisdom.
3. You can analyze them through checking it in the coinmarketcap.com
4. Much better to do manual
5. I think the risk was 6 only, depending in your skills knowledge.

iamaruf

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At first Read this forum carefully. Hope you will understand.In treading first rules is Buy Low sell high. And I recommend to you manual treading.because Sometimes price decease and if you sell them you will in loss. I hope you understad. If something is wrong. I am sorry for that.

Sled

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You should think first on where exchanger you will be trading, because there is a lot of trading site and most of them are not well because a lot of coins are there while you can use bittrex or poloniex which is popular and one of the most trusted site and after that you need to study the market or the first 5-10 altcoins and determine on which altcoin is the best to trade and for long term at the same time.

Wind_FURY

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Quote from: sana54210 on April 29, 2017, 03:11:57 PM

Quote from: Wind_FURY on April 29, 2017, 02:38:56 AM

Quote from: el kaka22 on April 28, 2017, 03:29:19 PM

Quote from: jeraldskie11 on April 28, 2017, 10:07:02 AM

Trading is not just easy as you think. Its hard to predict in trading, so your money that you invest in trading is risky. So you need to be careful in buying a currency when you start trading. Before to start trading you need to watch and analyse or put a question in mind how it works to be success. You should also do research before buying and there are many buying signals for you.

Please do not discourage new comers. Unlike any other field trading has some possibilities to get profits if we are ready to show our efforts and dedications. Still I am not saying trading is a safe heaven to make profits. It requires hard work and knowledge. All the requirements of trading are easily achievable.

Practicing for free of cost is possible in trading too similar to gambling. But, we need to remember our experience so that we can make use of our knowledge at right times.

But it is not to encourage then either. There are a lot of Bitcoins scam investments and scamcoins out there. This market is also not regulated by the SEC which makes investing in cryptocurrencies more risky than stocks or forex.

You mean to say to stay away from crypto currency trading ? Will You leave bitcoin ecosystem as it is not recognised by any government and it is not regulated ?

No but it will not be bad to be extra careful. Many frustrated "investors" have lost all their money in cryptocurrencies because the think they can be the next Warren Buffet.

Quote

Entire bitcoin system is a free market and you never would expect regulations on this. It is individual's responsibility to take care of their actions and this is how bitcoin itself working. Beginners must work on learning on how to make profits and how to prevent losses. That will make them as a professional traders over time.

Bitcoin scam investments and scamcoins are out of subject or part of the system like losses also part of trading career need to experience to learn some knowledge for future use.

Talk, talk, talk. We have heard the same people say the same. But when they lost their money they are now singing a different tune. It is better for them to shut up.

sana54210

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Quote from: Wind_FURY on April 29, 2017, 02:38:56 AM

Quote from: el kaka22 on April 28, 2017, 03:29:19 PM

Quote from: jeraldskie11 on April 28, 2017, 10:07:02 AM

Trading is not just easy as you think. Its hard to predict in trading, so your money that you invest in trading is risky. So you need to be careful in buying a currency when you start trading. Before to start trading you need to watch and analyse or put a question in mind how it works to be success. You should also do research before buying and there are many buying signals for you.

Please do not discourage new comers. Unlike any other field trading has some possibilities to get profits if we are ready to show our efforts and dedications. Still I am not saying trading is a safe heaven to make profits. It requires hard work and knowledge. All the requirements of trading are easily achievable.

Practicing for free of cost is possible in trading too similar to gambling. But, we need to remember our experience so that we can make use of our knowledge at right times.

But it is not to encourage then either. There are a lot of Bitcoins scam investments and scamcoins out there. This market is also not regulated by the SEC which makes investing in cryptocurrencies more risky than stocks or forex.

You mean to say to stay away from crypto currency trading ? Will You leave bitcoin ecosystem as it is not recognised by any government and it is not regulated ?

Entire bitcoin system is a free market and you never would expect regulations on this. It is individual's responsibility to take care of their actions and this is how bitcoin itself working. Beginners must work on learning on how to make profits and how to prevent losses. That will make them as a professional traders over time.

Bitcoin scam investments and scamcoins are out of subject or part of the system like losses also part of trading career need to experience to learn some knowledge for future use.

alexsandria

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Quote from: iamTom123 on April 11, 2017, 11:31:29 AM

Well, the safest thing you can do is just hold your Bitcoin and after many years its value can indeed be reaching 500K and by that time you can be living an easy life. But if you think you don't agree with what I said then the best thing to do is invest it with BitconnectCoin as the price right now is on appreciative mode am sure you can make some money here plus BCC can easily be converted back to Bitcoin for your convenience using some few clicks. Thanks and good luck to your many endeavors in life.

I agree that you must wait for the right time to sell your bitcoin if the value of it get high so that you will have many income. Many people do this strategy because they are sure that they will earn in this kind of strategy and they sure that they will not get scam by anyone. Many people became rich by this system and I know one of them because he told me how he pursue it and how he do it. Goodluck.

xFiber

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Quote from: Blackdeath on April 28, 2017, 09:16:09 AM

Quote from: xFiber on April 27, 2017, 03:54:28 PM

Quote from: Daymond Goulder-Horobin on April 25, 2017, 01:26:39 AM

well Alt-coins are incredibly risky so i would put a 10 on that. However there is a lot of potential as the saying goes. As long as only a small amount of your portfolio is on that then you are fine.

They're not if you handle them carefully and only trade the trusted ones (LTC, ETH,...). All you need is a basic understanding of what trading is about. Recognize good trading opportunities and don't panic sell ever.

For a beginner trader, it's better to trade only which the market is more likely to be stable yo prevent huge percentage of money lose. However, as you know everything and you are seeking for high inflation altcoins, you may try new coin which has a huge potential to pump rapidly or gradually for bigger profit. This is quite risky yet if it is understood clearly and you are updated on its market, it would be easy for you to avoid money loss but you get profit instead.

You're probably right there but that's the gready way. I personally try to find more sustainable opportunities rather than a one time pump and dump. But is the potential risk really worth the reward, even if you know the coin well it may go either way.

Wind_FURY

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Quote from: el kaka22 on April 28, 2017, 03:29:19 PM

Quote from: jeraldskie11 on April 28, 2017, 10:07:02 AM

Trading is not just easy as you think. Its hard to predict in trading, so your money that you invest in trading is risky. So you need to be careful in buying a currency when you start trading. Before to start trading you need to watch and analyse or put a question in mind how it works to be success. You should also do research before buying and there are many buying signals for you.

Please do not discourage new comers. Unlike any other field trading has some possibilities to get profits if we are ready to show our efforts and dedications. Still I am not saying trading is a safe heaven to make profits. It requires hard work and knowledge. All the requirements of trading are easily achievable.

Practicing for free of cost is possible in trading too similar to gambling. But, we need to remember our experience so that we can make use of our knowledge at right times.

But it is not to encourage then either. There are a lot of Bitcoins scam investments and scamcoins out there. This market is also not regulated by the SEC which makes investing in cryptocurrencies more risky than stocks or forex.

cpfreeplz

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Quote from: el kaka22 on April 28, 2017, 03:29:19 PM

Quote from: jeraldskie11 on April 28, 2017, 10:07:02 AM

Trading is not just easy as you think. Its hard to predict in trading, so your money that you invest in trading is risky. So you need to be careful in buying a currency when you start trading. Before to start trading you need to watch and analyse or put a question in mind how it works to be success. You should also do research before buying and there are many buying signals for you.

Please do not discourage new comers. Unlike any other field trading has some possibilities to get profits if we are ready to show our efforts and dedications. Still I am not saying trading is a safe heaven to make profits. It requires hard work and knowledge. All the requirements of trading are easily achievable.

Practicing for free of cost is possible in trading too similar to gambling. But, we need to remember our experience so that we can make use of our knowledge at right times.

Wtf? Calm down there. Bitcoins are risky, altcoins are risky^3 and trading altcoins is risky^9. Don't be a naive fool and tell me that you don't think you're amplifying your risks by trying to get a quick profit.

To answer the OP

1) What should I start? Hm? Start with? mainstream coins.
2) Which platform should I use? Any large exchange, they all have the same possibility of being hacked.
3) How can I analyze the Altcoins? Whitepaper, Who is the dev?, is there a thread on bitcointalk? Is it just an obvious pump and dump coin?
4) Auto or Manual? I always do manual. I don't want someone else's strategy while using my own money.
5) From 1-10 how much is risks in trading Altcoins? 10. It's naive to think it's anything other than as risky as trading penny stocks. In 10 years it could be worth absolutely nothing or $100 a coin. You never know.

el kaka22

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Quote from: jeraldskie11 on April 28, 2017, 10:07:02 AM

Trading is not just easy as you think. Its hard to predict in trading, so your money that you invest in trading is risky. So you need to be careful in buying a currency when you start trading. Before to start trading you need to watch and analyse or put a question in mind how it works to be success. You should also do research before buying and there are many buying signals for you.

Please do not discourage new comers. Unlike any other field trading has some possibilities to get profits if we are ready to show our efforts and dedications. Still I am not saying trading is a safe heaven to make profits. It requires hard work and knowledge. All the requirements of trading are easily achievable.

Practicing for free of cost is possible in trading too similar to gambling. But, we need to remember our experience so that we can make use of our knowledge at right times.

Mr.grin

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Quote from: jeraldskie11 on April 28, 2017, 10:07:02 AM

Trading is not just easy as you think. Its hard to predict in trading, so your money that you invest in trading is risky. So you need to be careful in buying a currency when you start trading. Before to start trading you need to watch and analyse or put a question in mind how it works to be success. You should also do research before buying and there are many buying signals for you.

True, in fact, there are many people who make altcoin trading videos on youtube, to facilitate beginners in trading play. Probably before that, looking for information on good coins, and figuring out how to make big profits, with little capital.

jeraldskie11

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Trading is not just easy as you think. Its hard to predict in trading, so your money that you invest in trading is risky. So you need to be careful in buying a currency when you start trading. Before to start trading you need to watch and analyse or put a question in mind how it works to be success. You should also do research before buying and there are many buying signals for you.

Blackdeath

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Quote from: xFiber on April 27, 2017, 03:54:28 PM

Quote from: Daymond Goulder-Horobin on April 25, 2017, 01:26:39 AM

well Alt-coins are incredibly risky so i would put a 10 on that. However there is a lot of potential as the saying goes. As long as only a small amount of your portfolio is on that then you are fine.

They're not if you handle them carefully and only trade the trusted ones (LTC, ETH,...). All you need is a basic understanding of what trading is about. Recognize good trading opportunities and don't panic sell ever.

For a beginner trader, it's better to trade only which the market is more likely to be stable yo prevent huge percentage of money lose. However, as you know everything and you are seeking for high inflation altcoins, you may try new coin which has a huge potential to pump rapidly or gradually for bigger profit. This is quite risky yet if it is understood clearly and you are updated on its market, it would be easy for you to avoid money loss but you get profit instead.

xFiber

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Activity: 336

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Quote from: Daymond Goulder-Horobin on April 25, 2017, 01:26:39 AM

well Alt-coins are incredibly risky so i would put a 10 on that. However there is a lot of potential as the saying goes. As long as only a small amount of your portfolio is on that then you are fine.

They're not if you handle them carefully and only trade the trusted ones (LTC, ETH,...). All you need is a basic understanding of what trading is about. Recognize good trading opportunities and don't panic sell ever.

asyakashi

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Quote from: Phoenil on April 11, 2017, 10:24:59 AM

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.

Not easy when someone wants to plunge into the world of altcoin trade, despite having big capital. The first thing that must be owned is a coin analysis that can provide benefits. Patience and appropriate action must be taken so as not to lose capital. Take any profit then be grateful. Many good exchangers to start trading, such as bittrex, poloniex, yobit, liqui, etc. I prefer bittrex, the movement is not too fast but the benefits are pretty good. The most important thing now is just do it and experience will teach how to trade it. Cool

wuvdoll

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Quote from: terrate on April 25, 2017, 05:51:24 AM

Quote from: veleten on April 17, 2017, 07:31:20 AM

you should start with low volume trading on established platforms like Poloniex,Btc-e etc.
1.yous hould start with reading some begiiner's guides into trading,at least learn basic strategies and terms
be able to deposit and withdraw
2.any trusted trading platform will do -I would suggest Poloniex for begiiners,Yobit (if you want to start very low and don't mind lack of support)
3.use sites like coinwarz.com or ,literally any chart side you find
4.you have to understand manual before proceding to auto
5.altcoin is same as any asset trading,the main idea is find the volatile market and follow it's movement
you can profit on both falling and eising market equally well

the yobit u forget to mention there are many dead coins. That is VERY important for newbies.
Even i nearly got big loss on yobit because of that.

I think the first thing to do for a newbie when it comes to trading is that you should take your time into learning the basics of trading and how the market works and the prices change, before jumping into trading, and first and the far most important thing is that you know what you are actually going for and whether trading is good for you or not, and if you are willing to go all the way even if you lose couple of times.

Capradina

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Quote from: roadbits on April 17, 2017, 06:07:27 AM

Quote from: shield132 on April 17, 2017, 04:19:16 AM

Quote from: Phoenil on April 11, 2017, 10:24:59 AM

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.

You want to be trader but suddenly you don't think correctly. How can you think that bitcoin will be 500.000 euro in 2030? Nothing gives us opportunity to think like that.
At first you need to read threads in this section and you won't have such questions.
It's better for you to start trading on demo platform, I mean trading with points, virtual money. But while you do this, it's better for you to start reading of books about trading and after that do previously said. Also remember, manual trading is absolutely better, bot is created by human that means human can make better decisions.

Yup this forum is a big library for all Bitcoins related questions, here whatever you have doubt just ask in this forum you will get all possible answers from experts in Bitcoin. Bitcoin trading is not easy work, and you have to learn a lot of things before entering this trading. Once you got basic knowledge then start small amount trading it will teach you how to do trading in the real world.

Yeah, it is pretty difficult for those who only play or just the thought of profit without seeing a strategy or game inside. Bitcoin is not a suitable place for those who only see the advantage without trying, all the work has its own responsibilities and difficulties so that when you get a job then be grateful and do not ever forget the fellow who was in need and also never forget the Lord

DrGuns4Hands

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I also want to start trading and after reading all responses to this topic is very helpful for us beginner to be a veteran trader in the future. that's why I'm reading all over the net how to be a successful trader in bitcoin and that's the reason also why i have ETH and Altcoins so i can do trading so successfully.

AngelSky

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Quote from: Strongkored on April 25, 2017, 05:37:44 AM

Good that you have faith that's Bitcoin in 2030 can reach 500.000€/BTC, and when the price can reached many people will be rich.
You must make an account on exchange like poloniex bittrex etc, and make deposit, making analyze with read the update about altcoin project, I'm using manual trade and trading is very risk more capital you use can give profit and also loss with big amount.

Why trades would be risky. I use to do the trading in localbitcoins only and its simply good place to do the trading. You can find the automated escrow which the selling amount via that. Simply you need to look into the price chart continuously to get the profit by set-up the trade volume in sell and buying options.

kidoseagle0312

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Quote from: Phoenil on April 11, 2017, 10:24:59 AM

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.

1) What should I start?
First you need to start at basic learning in trading check this link:
https://bitcointalksearch.org/topic/m.11085774
2) Which platform should I use?
You can choose Poloniex, bittrex, bitcoinwisdom
3) How can I analyze the Altcoins?
For you to find out on which altcoins is legit and potential you must check
the coinmarketcap.com then its up to you to choose in which the top 20 listed coins
you are going to buy.
4) Auto or Manual?
Much better to use manual, for you to appreciate what you are doing.
5) From 1-10 how much is risks in trading Altcoins?
I think 7 average rate.

Topic: I'm a beginner, I want to start trading. What should i do? - page 22. (Read 13448 times)