Topic: Need advice for the new investor - page 10. (Read 3052 times)

Most advices for bitcoin investment will start from excess money that could set as free /unvalued capital so that it can not be hurt through chestpain. While making your goon decision with a timing so as you can buy a cheap coin in a market. Which continually buy and buy and hold for a year to be a profitable earner soon.

To begin with, I advise you to choose 3-4 top coins, for example BTC, ETH and 2 more coins. Do not invest all capital at once. For the first investment, use 10% of the budget. Invest funds gradually. Do not rush, wait for the opportunity to buy more coins at a better price. This strategy will help you avoid big losses. And an available supply of funds will give an opportunity to buy more coins when the price decreases.

do not use the loan money from the Bank and do not invest all your money for Bitcoin, because Bitcoin has a very fluctuating increase and decrease.

the remaining 70% of your money as a reserve and 30% for crypto trading.

I think, that investing in BTC is bad idea at the current situation. The price is low and a don`t think, that it will increase in the near future. I can recommend you to invest in some perspective ICOs. They can multiply several times, but you need to find these projects from other scums. I suppose, that is good chance to earn is TraceTo. This is a decentrilized KYC network. It`s perspective for some reasons. First is that it can be used by companies to verify. It`s cheaper and faster to use existing than creating own. Also, this project is developing by team with many years of experience. Make your findings from this.

If you are newbie as a  investor the first thing that the best you can do is to seek for the advice from the professional inventors and search the information
you will be needed in this business using internet to gain a reliable knowledge about it.

Like most replies would tell you, it's never late nor bad to invest in Bitcoin, but you would have to invest in your patience and belief in the system that it would yield good profit in the end. So, if you're planning to invest in Bitcoin, I think the best way to start is to first buy it from whatever entity sells it. For most people, that's how they start, and whether you circulate the coin through buying or selling, or trading, or investing. You should first have a good amount of it in your hands, so you can do more venture rather than just one. Diversity is key.

I am curious how the guy is going to invest in Bitcoin if cryptocurrency is prohibited in his country. I know that some people, who have serious intentions to trade, even move to the other countries and deal with crypto there.

Trading is not a game it is your all over financial system and don’t think it as a gamer because if you loose money you will lose your heart so think clear and first prepare yourself for trading and then enter into the market,

So, you`re going to invest in Bitcoin just because everyone talk about it? It would be better to spend your time learning more about that market, about other crypto currencies  Maybe you`ll  find smith more interesting. And, certainly, don`t use your last money.   

There are ways to still invest even if crypto is prohibited in your country, but if the penalty of violating the law is very big
then just accept the reality and look for other ways not involving crypto.
However, if you choose to transfer residence or country, I think it would help but that requires money and it's a big move.

Currently Bitcoin and most other altcoins are in a semi-bullish market, meaning they are either trading sideways, or they are on a slow rise.

We recently tested a resistance range at between $7,400-$7,600 and are now holding relatively strong above $8,000. All indicators are green right now, suggesting that this trend is likely to continue at least for the short term. Usually when you have a situation like this, it is an excellent time to get into the market as you stand with a significant chance of gaining value on your investment. Obviously some coins will appreciate in value more than others, whilst some will act against the trend and go into the red. Common consensus is that the next support level is ~$9,200, if we see a slow climb past this level we will likely see a bull run past $10,000 shortly after.

In order to succeed in the market you need to understand what is causing the price fluctuations you see on a daily basis, here I'll share an excellent site that gives you literally minute to minute updates on the latest trends and news for cryptocurrency - https://cryptopanic.com/

Yes the website isn't pretty, but its interface makes it simple to navigate, and doesn't distract you from the only thing that matters - news updates. Once you've got the hang of using cryptopanic, it will be simple to make some cursory predictions about where you think the price will go from there. Beyond this I will share some general trading tips that I have noted throughout the years, I think some of these will be very helpful in your journey

1. Price flucutations hit low volume exchanges first. Contrary to popular belief, low volume exchanges tend to see the wildest changes in price due to sometimes extreme scarcity that results due to positive/negative news. Although Bittrex and Binance might seem to be the most appealing due to their absolute liquidity, smaller sites such as HitBTC are often the most profitable.

2. Usually during a dump or pump, Bitcoin is hit first, followed immediately by the top 10. If you see Bitcoin gain 7-10% in a day, the odds are that ETH/NEO/Monero and other top level coins will see a slightly more than 7-10% gain, as strong alts often do well against BTC in bull runs. This should be something you keep in mind, as it can even be seen right now - https://www.coinmarketcap.com, notice that many alts are more green than BTC.

3. If you simply don't have the time to learn all the technical analysis and trend predictions necessary to truly succeed at trading, you can always defer your judgement to certain signals groups. Note that you will need to be very careful to select a group that has a proven track record of success, as most of these turn out to be pump/dump groups in disguise. Also, there are automated trading bots such as GunBot and Eonbot that will automate your exchanges based on certain parameters, such as the moving average strategy, ping-pong or rollercoaster strats. For these, you simply need to understand how the strategy works, and set limits to ensure you stay within a profitable range. Certainly easier to get into than TA, nowhere near as profitable, and quite easy to lose money if you're not careful.

Good luck buddy, I genuinely wish you the best. I hope this information helps somebody out there as I know I could have used information like this when I first started trading.

Man the best thing you have to do is seek advise from your fellow investors, I mean those that are living in your country to know how they manage to invest on cryptocurrencies despite it being considered illegal in your country. As for this forum, most people will just teach you just the qualities you need to be a good investor and nothing else.

But there are still ways you can invest in cryptocurrency even without it being legal in your country. But if what you need to learn is the qualities, then it’s here.

But I do believe knowledge is one important factor which most new investors especially those who are just after the quick profit are not really trying to have but would rather just stay on their own level of ignorance and get emotional at every slight movement in the market.

Knowledge helps a whole lot when it comes to decision making and that is how it should be. Without that, you would just find yourself making some disgusting mistake with your trading options. We need to deal with multiple factors at different situations hence knowing what and when must be more important for hitting the desired targets.

Knowledge also includes experience. You can learn from books also from your experience. But continuous learning must be one of the factor which decides our trading results. Backtracking our mistakes and root cause analysis are the few strategies which help us to learn from our day today experiences.

Judgment, this is the most vital part of investing or trading. There are so many traders who are earning. Some earn a little and some makes big catches. They always work on their decision making thing. This one trait is basic and enormous characteristic of a trader that must be adhered while being a trader. This is sensitive though, so better is to give maximum time for being a professional in this field.

yes, it is true what you say and suggest, but rather difficult for example to invest in bitcoin and in our country is prohibited to use cryptocurrency, what maybe we can ask help to our friend whose country there is no prohibition to be able to invest to buy and sell crypto, please enlighten it and suggest it to mastah here.

Give my account back.

This Russian guy steal my account (password reuse). Don't believe anything he says.

If it is prohibited in your country , first you need to solve it , I suggest you meet real people by finding them through localbitcoin website , after it you can change paper money bitcoin with your currency , after you got bitcoin you can use use online exchangers like changelly to get what you want.

Invest as much as you're not afraid to lose. Nowadays is a good point to enter this market. As for bitcoin, then you need to be patient.

Keep calm and always hold on your cryptocurrencies and do not ever sold at bear market or downtrend because you will just be disappointed to yourself if you are going to trade and sell at bearish market because you will not get any profit and instead of profit that you are expecting, you will get loss and if you are a newbie then you might just rage quit from investing in crypto.

I don’t know what country are you from, but you should be careful about getting into cryptocurrencies. It is better for you to use VPN for you not to get tracked by the government or authorities. If you want to deposit or withdraw Bitcoin or any other altcoin, either you can go to LocalBitcoins website or you have trusted friend who is holding cryptocurrencies so that he or she can do transactions with you. I hope this helps a bit.