I'm a beginner, I want to start trading. What should i do? - page 26.

Phoenil

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Quote from: FlamingFingers on April 11, 2017, 06:10:08 PM

Quote from: Phoenil on April 11, 2017, 05:58:49 PM

First of all i want to thank you everyone for your answer and your time.

@iamTom123 Thanks for your beautiful words. I've read about BCC and I'm thinking about it, but also like @mrcash02 said, I'm thinking to hold BTC and resell when it goes a lot higher, maybe helping myself with some tips that I find on tradingview.com and then buy again when it drops.

The question now is that I'm using a Coinbase wallet and if I want to sell my BTC I have to pay around 7-8€ fees. Is this okay or I can do this operation with less fees?

There are Bitfinex and BTC-e. Both take up to 0.2% fees on trades, which is equal to $2 when trading $1000. Besides, it's dangerous to keep your Bitcoins on an online wallet, they control your funds and know your private keys, so your precious bitcoins are subject to be stolen. Use an offline wallet with high security measures, if possible.

What do you think of Poloniex?
Btw, you mean that Coinbase can steal my Bitcoins?

FlamingFingers

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Quote from: Phoenil on April 11, 2017, 05:58:49 PM

First of all i want to thank you everyone for your answer and your time.

@iamTom123 Thanks for your beautiful words. I've read about BCC and I'm thinking about it, but also like @mrcash02 said, I'm thinking to hold BTC and resell when it goes a lot higher, maybe helping myself with some tips that I find on tradingview.com and then buy again when it drops.

The question now is that I'm using a Coinbase wallet and if I want to sell my BTC I have to pay around 7-8€ fees. Is this okay or I can do this operation with less fees?

There are Bitfinex and BTC-e. Both take up to 0.2% fees on trades, which is equal to $2 when trading $1000. Besides, it's dangerous to keep your Bitcoins on an online wallet, they control your funds and know your private keys, so your precious bitcoins are subject to be stolen. Use an offline wallet with high security measures, if possible.

Phoenil

full member

Activity: 148

Merit: 100

LEGENDARY vouched FREE VPS method! Repeatable!

First of all i want to thank you everyone for your answer and your time.

@iamTom123 Thanks for your beautiful words. I've read about BCC and I'm thinking about it, but also like @mrcash02 said, I'm thinking to hold BTC and resell when it goes a lot higher, maybe helping myself with some tips that I find on tradingview.com and then buy again when it drops.

The question now is that I'm using a Coinbase wallet and if I want to sell my BTC I have to pay around 7-8€ fees. Is this okay or I can do this operation with less fees?

klarki

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First, study the forum.
Many of your questions will be answered here.

mrcash02

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You don't want to invest your money in some risky moola, but trading is risky as well, especially with Alt Coins. You can try on Youtube to find some tutorial videos about it. Most Alt Coins are dying every day, because they are very unstable and sometimes you can buy a ''trusted'' Alt Coin and see a low flutuation, making the profit hard to happen...

Bitcoin is better, you already have 0.5 BTC, you can just hold it and sell when the price hits big prices. If you think the price will hit half million of dollars in 2030 just hold it... Sell and buy your BTCs meanwhile, it's the safer trade in my opinion.

xFiber

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Trading altcoins is a good way to build up capital but it goes hand in hand with the following: 'always use money you can afford to lose'. I think you should start with doing research. There are a couple good videos on YouTube that will get you started.
I would recommend using poloniex for trading your altcoin simply because they have the largest amount of volume.
To answer your fourth question I wouldn't recommend getting involved with bots right of the bat. Try things out and make sure you know what you're doing before you get things automated.
I can't really put a number on the risk factor simply because there are 1000s of altcoin out there. Just make sure you avoid pumps and dumps some coins tend to explode today for instance and get dumped the next day.
So my advice in short. Learn it. Understand it. Believe it. Trade it.

iamTom123

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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.

Phoenil

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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.

Topic: I'm a beginner, I want to start trading. What should i do? - page 26. (Read 13448 times)