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Topic: Newbie in crypto trading - page 6. (Read 1262 times)

sr. member
Activity: 882
Merit: 282
March 04, 2019, 01:43:54 AM
#90
I think it would be better for you if you diversify your portfolio and buy 15 or 20 more established altcoins such as Neo, Monero, Nex, Cardano, Zcash, Ripple, Steller and some newly listed good altcoins. In this way, you have more chance of getting good profits in future.
Majority of the new listed altcoins are not doing well and most of them may die and therefore I will say op should focus on those coins that have good technology and team and at the same time are well established.  Those coins you have mentioned are really good for investment and that is if op has decided to diversify his portfolio.  The ethereum classic he is currently holding is a good coin and might just need patience in other to turn that into fortune in future.
hero member
Activity: 2576
Merit: 666
I don't take loans, ask for sig if I ever do.
March 03, 2019, 07:45:33 PM
#89
I think it would be better for you if you diversify your portfolio and buy 15 or 20 more established altcoins such as Neo, Monero, Nex, Cardano, Zcash, Ripple, Steller and some newly listed good altcoins. In this way, you have more chance of getting good profits in future.

I am sure best advice might have been given to you. I wouod advice you to invest the profit you may gain out of the coins. Enlarge your capital. Do not tend to withdraw your profits untill you are sure that you have enough capital. This will lead you to be a big and successful trader.
Common mistake what beginner do is that they just stick on their capital, ive notices that they just want a small capital yet expecting a huge profit. I doubt some of beginner only came just to make short income.
full member
Activity: 826
Merit: 111
March 03, 2019, 03:36:50 PM
#88
I think it would be better for you if you diversify your portfolio and buy 15 or 20 more established altcoins such as Neo, Monero, Nex, Cardano, Zcash, Ripple, Steller and some newly listed good altcoins. In this way, you have more chance of getting good profits in future.

I am sure best advice might have been given to you. I wouod advice you to invest the profit you may gain out of the coins. Enlarge your capital. Do not tend to withdraw your profits untill you are sure that you have enough capital. This will lead you to be a big and successful trader.
full member
Activity: 1218
Merit: 112
March 03, 2019, 03:29:52 PM
#87
I think it would be better for you if you diversify your portfolio and buy 15 or 20 more established altcoins such as Neo, Monero, Nex, Cardano, Zcash, Ripple, Steller and some newly listed good altcoins. In this way, you have more chance of getting good profits in future.
sr. member
Activity: 994
Merit: 252
March 03, 2019, 02:14:08 PM
#86
My suggestion is that you better look for good coins whose prices are falling dramatically, and now there are lots of coin choices because almost all coins are falling, one of the good things in my opinion is, Cardano, Steem and gifto, you can buy one of them

That's a good suggestion, the top 10 coins are falling actually and they are stronger coins compared to the remaining coins.
Being in the top 10 means something big, developers will be more motivated to protect their standing, they are the popular in the market so that opportunity is big for the team to develop their coins for the future, so investors should look at this logic.
Yes, choosing the top 10 coins that falling right now in the crypto market is a good decision because those coins are having a big possibility to give you a huge profit in the near future due to its active development and project that attracts the investor to support this coins.
  Instead of trying many coin I like to trade only with one coin which is profitable and it has good promising future, in prefer investing for long term trading and choose only bitcoin, it has high demand now a day which is pushing price ahead, I am sure very soon it will be high, try to trade for long term and keep learning about trading it will help you in future.
hero member
Activity: 798
Merit: 527
March 03, 2019, 12:57:19 PM
#85
You should be know first how to minimize the risk from wrong trade because in each open potition will be not possible all of that will make profit , but some of that will be failed trade. So you have to understanding how to use stop loss in crypto exchange, this is the most important thing in trading and apart of risk management.
What is certain is that we must have the ability to do trading. Our knowledge and skills will increase when we have experience. I think we have to keep trying to trade to get that, when we fail then we have to keep trying. Don't give up because by continuing to trade our experience will increase and be honed. Believe in ability because with this we will get closer to success.
Nice words of advice mate, I know it’s not easy to lose money but the only way to be a perfect trader is to acquire the knowledge, put it into practice, fall by losing and rise again to become a super trader, it’s out of the experience that one learnt his lesson for it not to be repeated.

I lost to trading 2 times before I became perfect, those losses thought lots of good lessons in trading and now I am very good at minimizing risks and at the same time make money daily through day trading.
full member
Activity: 736
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
March 03, 2019, 01:51:41 AM
#84
My suggestion is that you better look for good coins whose prices are falling dramatically, and now there are lots of coin choices because almost all coins are falling, one of the good things in my opinion is, Cardano, Steem and gifto, you can buy one of them

That's a good suggestion, the top 10 coins are falling actually and they are stronger coins compared to the remaining coins.
Being in the top 10 means something big, developers will be more motivated to protect their standing, they are the popular in the market so that opportunity is big for the team to develop their coins for the future, so investors should look at this logic.
Yes, choosing the top 10 coins that falling right now in the crypto market is a good decision because those coins are having a big possibility to give you a huge profit in the near future due to its active development and project that attracts the investor to support this coins.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
March 03, 2019, 01:29:46 AM
#83
My suggestion is that you better look for good coins whose prices are falling dramatically, and now there are lots of coin choices because almost all coins are falling, one of the good things in my opinion is, Cardano, Steem and gifto, you can buy one of them

That's a good suggestion, the top 10 coins are falling actually and they are stronger coins compared to the remaining coins.
Being in the top 10 means something big, developers will be more motivated to protect their standing, they are the popular in the market so that opportunity is big for the team to develop their coins for the future, so investors should look at this logic.
newbie
Activity: 32
Merit: 0
March 01, 2019, 02:14:40 PM
#82
i need some advice on new trading, what platform do you use?

I use only trustworthy and old exchanges, as Binance and etc
I found new one - https://velvet.exchange/#/, but they are still in the making, dunno when they launch

interface is nice, what else they ve got?
[/quote
hey got brilliant medium blog about trading https://medium.com/velvet-exchange/what-cryptocurrency-is-better-to-choose-for-trading-bf0d9a796307
legendary
Activity: 2548
Merit: 1873
Leading Crypto Sports Betting & Casino Platform
March 02, 2019, 11:12:18 PM
#82
XBX (Bitex) is a new altcoin that is very good for being a trading asset and can trade it on the IDAX Exchange.
I am sure you will be very interested if you have seen the trade history at IDAX.
This is exactly the challenges we do have with most newbies which I’m not left out too though and its impatient, impatience is what made lost lots of cash when I first started thinking my 2 weeks practice using YouTube is enough to get me into trading.

Most newbie are not patient enough to learn every stage of trading before they start trading, Imagine a newbie who doesn’t even have any understanding of the industry at all want to start trading within 3 days. Trading requires patience and enough skills needs to be grabbed before venturing into it.
You are absolutely right, it would be ecxcellent that before you start trading, you will start with virtual money Exchange, so that you will be testing your strategies, it is a good way to understand the market, and above all to know how is the speed of reaction, and how do you react to the losses, because there are many newbies who start, lose and retire because they think they do not know and that can not be learned.
newbie
Activity: 140
Merit: 0
March 01, 2019, 02:10:05 PM
#81
i need some advice on new trading, what platform do you use?

I use only trustworthy and old exchanges, as Binance and etc
I found new one - https://velvet.exchange/#/, but they are still in the making, dunno when they launch

interface is nice, what else they ve got?
legendary
Activity: 3276
Merit: 1128
March 02, 2019, 04:31:54 PM
#81
XBX (Bitex) is a new altcoin that is very good for being a trading asset and can trade it on the IDAX Exchange.
I am sure you will be very interested if you have seen the trade history at IDAX.
This is exactly the challenges we do have with most newbies which I’m not left out too though and its impatient, impatience is what made lost lots of cash when I first started thinking my 2 weeks practice using YouTube is enough to get me into trading.

Most newbie are not patient enough to learn every stage of trading before they start trading, Imagine a newbie who doesn’t even have any understanding of the industry at all want to start trading within 3 days. Trading requires patience and enough skills needs to be grabbed before venturing into it.
newbie
Activity: 32
Merit: 0
March 01, 2019, 02:01:11 PM
#80
i need some advice on new trading, what platform do you use?

I use only trustworthy and old exchanges, as Binance and etc
I found new one - https://velvet.exchange/#/, but they are still in the making, dunno when they launch
member
Activity: 560
Merit: 11
March 01, 2019, 07:53:55 PM
#80
My suggestion is that you better look for good coins whose prices are falling dramatically, and now there are lots of coin choices because almost all coins are falling, one of the good things in my opinion is, Cardano, Steem and gifto, you can buy one of them
newbie
Activity: 140
Merit: 0
March 01, 2019, 01:50:19 PM
#79
i need some advice on new trading, what platform do you use?

I use only trustworthy and old exchanges, as Binance and etc
sr. member
Activity: 1078
Merit: 342
Sinbad Mixer: Mix Your BTC Quickly
March 01, 2019, 07:26:24 PM
#79
If I were you since that you are newbie for awhile, you'd better start with learning and discover a lot of things here in crypto world or bitcoin. Aside from it, you must know what blockchain first. You shouldn't push yourself in hurry to proceed in the actual trading about in crypto. This is my advise to you before you start with it, you must load yourself a knowledge in crypto trading.
Exactly, newbies should start learning slowly and don't put themselves in things that require a higher knowledge, because they will lose a lot of money for sure! Trading need a lot of knowledge, mostly about the market moves and about the news! They should have a good background about that. For newbie, I recommend them to start doing some research about crypocurrencies and blockchain technology.
member
Activity: 210
Merit: 19
March 01, 2019, 03:55:04 PM
#78
Of course you are new so it is very important to have good knowledge and information about trading
This is the first thing to learn, the beginning step on the journey to crypto trading success. And anyone who has acquired such knowledge and information would understand that you have to DYOR, as that's the only way you'll be doing yourself some favor in this system.
Once a newbie trader has learnt and understood all there is to, then it'll be safe for such people to trade.
full member
Activity: 714
Merit: 100
March 01, 2019, 03:42:15 PM
#77
i would say it would better if you have some technical trading knowledge then you can test it out in exchange demo account then you can choose whatever you wish to hold or trade ,holding btc would be relatively risk free as other coin are directly dependent on its manipulation and for the current market scenario it is better to stay away for new traders and focus more on investing on potential token or altcoin.
Of course you are new so it is very important to have good knowledge and information about trading which will help you make profit during this session, try to make fine and useful researches after that you can, after that make target for yourself and then invest your money for long term trading, at first try to trade for long term and then after gaining experience you can trade for long term.

You mean try to trade short term first, right?
hero member
Activity: 1092
Merit: 501
March 01, 2019, 03:02:38 PM
#76
i would say it would better if you have some technical trading knowledge then you can test it out in exchange demo account then you can choose whatever you wish to hold or trade ,holding btc would be relatively risk free as other coin are directly dependent on its manipulation and for the current market scenario it is better to stay away for new traders and focus more on investing on potential token or altcoin.
Of course you are new so it is very important to have good knowledge and information about trading which will help you make profit during this session, try to make fine and useful researches after that you can, after that make target for yourself and then invest your money for long term trading, at first try to trade for long term and then after gaining experience you can trade for long term.
full member
Activity: 868
Merit: 151
March 01, 2019, 01:46:56 PM
#75
for beginners now it's a great time to enter the trade because the price of coins is still low, but what you should pay attention to when trading is that you have to have great patience and never be greedy because it will destroy your trade
If someone want to be trader they need to have basic skills before entering into trading or they will even start losing their money at the good time for the trading.

One needs to know and have proper knowledge about crypto and the coin in which they want to trade along with the major happening or events that occur in crypto space. This will give the advantage while trading so that proper buy/sell can be done accordingly in effective way. In beginning always have the limited money invested because it is easy to lose in start as being a beginner.
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