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Topic: As a newbie to crypto currency - page 2. (Read 733 times)

full member
Activity: 532
Merit: 211
June 20, 2024, 10:04:01 AM
#31
All you need is to pay serious attention to the forum and to learn how to make good sentence,also to observe from the senior members how they pay more attention to any topic that drop in this forum and how they follow up the topic,this are what every newbies should do

Attention and to study is important the person fit no get access to forum but their other source were him fit get information about bitcoin or crypto in general but sometimes na laziness they do them because the thing no they easy actually but determination will help accomplish so many things because the more you put body the more you they sabi the thing na waiting people no understand be that, na body you put go determine waiting you go get from their. For those of us wey they this forum, this place on its own is place of knowledge and you go get what ever information you they find or in case if any questions they to ask here na the best place for that information and if the person no they forum make they go YouTube information choke for that side to with better explanation self.
member
Activity: 224
Merit: 27
June 20, 2024, 05:32:56 AM
#30
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
Advising beginners to dive into trading can be risky business. Despite all the books and research, success and safeguarding investments are not guaranteed. Understanding market analysis is crucial to go through the market ups and downs. Holding onto your coins can protect you from trading risks. "Trading is not a walk in the park" it's not just about making money but also about the potential for losses. Trading might be better suited for those who are experienced alot rather than beginners. For newbies avoiding trading with leverage will help you, it can be tempting hearing about big gains, but we often overlook the losses that come with it. This year has been an eye opener for many. Those that are HODLing have been reaping the benefits while traders using leverage have faced significant losses during market dips. The numbers lost in leverage trading this year are staggering, reaching billions.
member
Activity: 182
Merit: 33
June 14, 2024, 03:18:52 AM
#29
This year suppose to be open eye for everyone say na HODLers dey gain m, just see how market dey behave since january though we dey bull season but any small dip you go see news about hundreds millions way traders don lost from leverage while the HODLers dey continue to make profit, traders dey get wins and lost. If you try calculate the total money way don lost for leverage this year you go see say the money don reach billions. JUST HODL

As a newbies to cryptocurrency in general, if you don’t come into the market with the intention of trading, the best thing to do is to Hold. As a newbie also, coming into the market with the intention of holding can still be first learned while holding to some coins and watch how the market transgress. Crypto trading and Hodling cryptocurrency are two different things that you need to trade and learn carefully. In as much as holding doesn’t need you to have plenty knowledge on it, you can always learn how to treat your emotions first because they’re very important when it comes to holding. Trading that requires more knowledge, after learning the basics, it isn’t bad to start trading from a demo account before gettin perfect but be ready to lose more money as it can cause you more lost than holding.
You got it right,  hold is the best if you can deal with your emotions,  and investing what you can lose, or can endure for longterm,  don't invest all your resources or money that's meant for a house project, that you will need in a hurry, rather invest cash you won't touch for years to come then see yourself becoming a millionaires in the future is only you can hold for long. 

As for me, I'm a trader, I see it as an exercise to get more knowledge in the cypto market, so I trade everyday.
full member
Activity: 252
Merit: 57
Wheel of Whales 🐳
June 12, 2024, 04:36:52 AM
#28
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.

Yes you are right is meant for a newbie to go deep down practice, practice make perfect, before any engagement at least to have a little idea of crypto currency trading and also make a difference research of that crypto currency.
Well said mate is quite unfortunate that newbie are always to inquisitive into cryptocurrency trading without a proper investigation on how the market works, because as long as cryptocurrency trading is concerned as a newbie without doing research and no the risk that are involved in the into the cryptocurrency trading market it will be difficult for you to understand, that is why they normally end up losing at the end of the day.
sr. member
Activity: 532
Merit: 250
May 15, 2024, 03:50:20 PM
#27
This year suppose to be open eye for everyone say na HODLers dey gain m, just see how market dey behave since january though we dey bull season but any small dip you go see news about hundreds millions way traders don lost from leverage while the HODLers dey continue to make profit, traders dey get wins and lost. If you try calculate the total money way don lost for leverage this year you go see say the money don reach billions. JUST HODL

As a newbies to cryptocurrency in general, if you don’t come into the market with the intention of trading, the best thing to do is to Hold. As a newbie also, coming into the market with the intention of holding can still be first learned while holding to some coins and watch how the market transgress. Crypto trading and Hodling cryptocurrency are two different things that you need to trade and learn carefully. In as much as holding doesn’t need you to have plenty knowledge on it, you can always learn how to treat your emotions first because they’re very important when it comes to holding. Trading that requires more knowledge, after learning the basics, it isn’t bad to start trading from a demo account before gettin perfect but be ready to lose more money as it can cause you more lost than holding.
full member
Activity: 462
Merit: 136
EVO.io
May 15, 2024, 03:47:05 AM
#26
You're very correct to some extent but as a newbie you are advice to abstain from anything trading or engaging yourself in anything that you are not yet qualify to do. Rushing things can lead you to nowhere or a point you will regret your decisions that leads to that point and in order to avoid all these I will advice you calm down, read threads thoroughly, do thorough research and also ask question not just question but relevant ones because if you ask irrelevant question you will see reply that won't be funny.

 Good luck.
member
Activity: 66
Merit: 5
Eloncoin.org - Mars, here we come!
May 12, 2024, 05:28:26 AM
#25
I'm not a trader but I believe trading has some prerequisites that onr needs to meet you with before they can begin to gain substantial from the market but when a newbie fails to follow this patterns then it turns out to be flaw in them hence being prone to losses.

Here in the forum a lot of people do not like trading as they only buy and hold but if you're convinced enough to go in to trading I will encourage you to do such but you most know the first and don't that are involved before you can dive in fully.

Additionally I have seen that the difference between crypto traders and crypto investors have been made clear to you. Although we can use the world bitcoin instead of crypto investors because the way it seems it's more about holding bitcoin than any other coin.
jr. member
Activity: 151
Merit: 4
May 12, 2024, 02:00:28 AM
#24
All you need is to pay serious attention to the forum and to learn how to make good sentence,also to observe from the senior members how they pay more attention to any topic that drop in this forum and how they follow up the topic,this are what every newbies should do
hero member
Activity: 700
Merit: 577
Enjoy 500% bonus + 70 FS
May 11, 2024, 03:17:24 PM
#23
As a beginner, I will advise you to learn very well before embarking your trading journey if not you will be dashing them your money dem like. Me to don experienced am so if I see newbie dey tok about trading, I no dey advise am at all. And as a newbie you dey advise another newbies again omen make everyone no go fall inside the trap oh because that please is place dat is very dangerous. Op instead of coaching people on trading why don't you coach them on investment which have less risk. Investment no need too much trading but the basic knowledge about bitcoin is okay to start with before the person need the deep part later when him don know how to buy, sell and others.

Then through there, he can learn how to trade which di thing go even easy for am.
hero member
Activity: 644
Merit: 520
Leading Crypto Sports Betting & Casino Platform
May 11, 2024, 02:47:19 PM
#22
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.

Op first of all you are welcome to the forum. E get one talk wey our people dey talk say, learning never ends, even I dey like this I still dey learn everyday. And that Na good sign say person ready to grow for this life. As newbie wey com Jam place like this, your learning speed Na go determines how far you go go. Crypto currency Na something wey no too hard Na we just dey see like say Na one hard thing. Once you learn the basics, you are good to go, you fit start trading and other stuffs, while you still dey develop more experience by physically interacting with the network.
sr. member
Activity: 476
Merit: 337
May 11, 2024, 02:22:40 PM
#21
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
Well, the reason why you see comments like don’t trade and avoid trade is because any trader who lack the knowledge will not make profit at start and I believe you want to start trade and expect the profit to come so quick, this is normal and common, newly traders expect profit without passing through the learning process. Trading is not guaranteed 100% even an experienced trader can sometimes fail during the process but they’ll never share their experience so you don’t feel scared. When trading get so hard holding can stand as another alternative but I feel the need encouraging anyone who want to trade, note, don’t run after signals and other speculation because sometimes signals can be false and they share those signals for gain not minding your loss or gain but for their selfish interest .
Yes nah the point be that, many people wey no sabi anything about trading them feel like say Bitcoin trading nah one of the quickest way to earn in crypto. Yes I no doubt am say nah the quickest, but the main truth be say if you no get the Bitcoin trading knowledge you no go fit profile for Bitcoin trading, trading no dey easy as many newbies think am because steady you must dey active dey look the price wether e dey go down or e dey come up, and I also feel am say person wey dey trade Bitcoin suppose to get a good strategy.
newbie
Activity: 22
Merit: 3
May 11, 2024, 06:53:33 AM
#20
Why most of us newbie do fall for big lose is that we only look up to people talking about their big wins and millions they win from the trading while we totally forget to think about what they've lose before getting such millions some have even lose more than what they tell you they win

So my little advice for everyone of us is to focus on reading and learn more
If in anyway you want to make an investment seek advice from the expert in the business before jumping in to  the market
full member
Activity: 574
Merit: 100
Eloncoin.org - Mars, here we come!
May 11, 2024, 04:33:38 AM
#19
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
Newbies becomes more expose to opportunities and they should used all means to grab these counting figures. Cryptocurrency is here to stay and we should always put in mind that we're here to grab huge figures in the market and not minding the possible techniques to explore. It's crucially important to observe the market and become one of the promising measures to follow. Beginners shouldn't rush the market rather they should settled down and examined the market and place strong analysis.
hero member
Activity: 1316
Merit: 379
WOLFBET.COM - Exclusive VIP Rewards
May 10, 2024, 06:34:15 PM
#18
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I see you're a Newbie here, but i won't judge you with that because from your post it seems you have some knowledge about Cryptocurrency before you joined the forum, well it's a good thing to have newbies that would share their knowledge here no matter how little for people to learn from. You did well and i want to add that the first thjng any Newbie in the Crypto space should do is to gain knowledge about Cryptocurrency, it is very important but most people fail to understand that, they just rich into the market to buy and hold coins the see or hear about on the Internet or media. Now how do you get knowledge, by making research, seek guidance from experts then another thing is understanding cause you need to be sure that you've understand what you learnt before going into it and practicing with demo like you've mentioned is another way to be sure you understand it perfectly. Those are the most important among others.
full member
Activity: 462
Merit: 136
EVO.io
May 10, 2024, 08:31:22 AM
#17
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.

Yes you are right is meant for a newbie to go deep down practice, practice make perfect, before any engagement at least to have a little idea of crypto currency trading and also make a difference research of that crypto currency.
full member
Activity: 322
Merit: 70
May 09, 2024, 05:40:04 PM
#16
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
Trading on other hand looks risky but as a beginner that have the strong desire to trade your coin it's pretty okay to you but you must also learn more on the fundamental and technical analysis of trading and learn the strategies experienced traders have been using and it's working out for them.I can't tell you to invest your coin if you feel like trading your coins because everyone has a choice to make but the reason why most people are told to go into investing their coins is because it has less risk compared to trading.Losses in trading can be reduced only if the you've acquired the fundamental knowledge of trading  and continuous practicing with what you can afford to lose
legendary
Activity: 2478
Merit: 4341
eXch.cx - Automatic crypto Swap Exchange.
May 08, 2024, 01:15:39 AM
#15
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders.

We can only go far in life when we're ready to learn especially when we do it from others experience and not waiting until we have ours ourselves. Truth dey inside learning from your own experience but make we no underestimate wetin people wey dey before us go fit teach us and when dey show us road finish na for we to come modify am to suit us better. Newbie wey wan learn crypto trading, e go better you learn from wetin others dun see before you and like this you no go dey make newbie mistake wey go fit make you lose plenty money. Not learning from people before you buy thinking only you go fit do am alone na wetin newbies dey always think until reality teach dem lessons.

Quote
Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.

E belike wetin we dey always talk wey be to only use money wey you fit afford to lose for trading especially when you're starting newly in trading. After you dun strong na when you fit dey increase your capital and taking some additional risk wey still dey manageable by you. Trading dey risky because this market wey we dey so dey very volatile pass any other market. Make you no use Forex trading eye dey look crypto trading unless the market go teach you life lessons. This market na the small news dun scatter everywhere as many people dey use emotions do things for this side. You no go blame dem though because na plenty newbies (wey be first time investors of traders) na dem full the industry with very little experiment so make we dey extremely cautious to avoid losses.
full member
Activity: 208
Merit: 125
May 07, 2024, 05:53:27 PM
#14
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.

OP I don't think you should be advising beginners into trading and even if they have read so many books and research about trading is still not enough to guarantee their success and safety of their investment because when we talk about trading you will need to understand the fundamental and technical analysis of the market to open the coast of your knowledge in other to understand the market movement and even if acquiring all this information you could still blow your account, so as a beginner I will strongly advised you to focus on holding because that is the only way you can be free from some certain risk that's associated with trading and one thing I will tell you is that trading is not always what it seems to be because people always perceive trading as an easy way of cashing out money without knowing that in as much as their is a possibility of making money their is also a higher chance of losing your investment, so perhaps trading should be more considered for those that are more experience instead of beginners.
sr. member
Activity: 434
Merit: 216
May 07, 2024, 05:16:31 PM
#13
Most newbies are always enticed into trading even when they don't have adequate knowledge of what trading is all about even with the demo account you talked about, it is just simply the more you look the less you see because the trading may not actually work same way as when using the demo account and when doing the real trading with some money.
Trading drains time and the mental health of traders because it's not easy to always monitor the market and to get the right signals to know when to trade. I don't discourage anyone who is into trading if you know the right strategy to follow to make some profits while trading but I prefer hodling to trading because you just invest and leave your investment for a period of time when you must have gotten some profits and can decide to sell.
sr. member
Activity: 560
Merit: 277
God is All
May 07, 2024, 04:50:51 PM
#12
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
Omo no ves but sometimes I dey feel say that demo account sef fit even act as trap wey dem set for you sef because I believe all the people I know that have used the demo account for trading have won and being successful but the moment they got to put their funds and try it, the whole matter just change just in an instant of one second. Trading isn't something that anyone can start doing all of a sudden, I mean it takes years of practice before actually mastering the trade so rushing onto to act can just be seen as suicide mission.
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