Price auction to me is totally out of the question,especially when you'll be auctioning your coins for lower than you bought them,there happen to be a lot of trading strategies,the veterans in trading are more familiar with them,and put them into effect in times like this..
But from my dawning knowledge about trading,i have come to understand that the safest means of trading for a noob,that requires no expertise whatsoever nor any trading skill, is hodling and patience,its basically easy to do,as long as you didn't invest all the money in your pocket...
When the price is then above what you bought for,then you can sell and make profits
Seems you have missed the point here. No one is talking about auctioning, we are talking about price action. Generally, for a while now in the market, I am sure anyone will know basically that fundamental analysis is not something you really do not want to be relying on which in this case, talking about some news and development as the market is highly speculative. However, when it comes to price action, it is basically a better way to relate with the market trend and possible reversal as far as I am concerned. You can combine the two, but relying only on FA won't do you any good, I would rather stick with price action alone if I have to pick one.But from my dawning knowledge about trading,i have come to understand that the safest means of trading for a noob,that requires no expertise whatsoever nor any trading skill, is hodling and patience,its basically easy to do,as long as you didn't invest all the money in your pocket...
When the price is then above what you bought for,then you can sell and make profits
As a newbie though, trying to trade a bear market is not a problem, but make sure you know what you are doing, have a plan and strategy, and be sure you can execute them without emotional involvement.
