Question To increase our knowledge of bitcoin and how to become bitcoin treaders

KalaiBTC

full member

Activity: 448

Merit: 102

Quote from: ChickenDuck on February 03, 2018, 05:44:00 AM

If you are not good at TA, simply just HODL.

Quote from: Toe1 on February 03, 2018, 04:18:02 AM

What are these factors caused the price bitcoin is very easy to volatile?
How do we as treaders overcome an unstable bitcoin price loss? Huh

Reading and getting more information about the things which are related to that of bitcoin as well as that of crypto currency will help you more learned mind and later on, you will be able to make better decision using that knowledge in the best possible way. Other than this, you also need to seek guidance from the ones who are there in this field since a long time as they have more experience.

cavaBcoin

member

Activity: 181

Merit: 12

Quote from: Toe1 on February 03, 2018, 04:18:02 AM

What are these factors caused the price bitcoin is very easy to volatile?
How do we as treaders overcome an unstable bitcoin price loss? Huh

You must prepare a lot for trading in cryptocurrencies. As far as you know that bitcoin or cryptocurrencies is notoriously volatile, you’d better control your emotion because you know, you will be surprised with its fluctuation, even you are afraid of making decision what to do with its price for the first time trading. Trading is not difficult and not easy, if you have patient, you will get benefits. Most importantly, with some first time for trading, you shouldn’t expect for benefits, you need to build your skills and experience first ,which can help you a lot when you do trade in the future.

bodimun2

jr. member

Activity: 55

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read bitcointalk threads and find out more.

MinerHQ

legendary

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Merit: 1023

Quote from: cissrawk on February 03, 2018, 06:18:26 PM

Quote from: Toe1 on February 03, 2018, 02:37:24 PM

So how do we not to be fooled by false rumors?

Just do more research. Dont believe so easily, always do more research about every news that you heard

It is very hard to monitor each and every news in the market because it takes a lot of time analysing all this data.

I use this site to get all news about cryptos because it is like a crypto twitter - https://cryptopanic.com/

I prefer to hold for long instead of going for quick profits.

cissrawk

sr. member

Activity: 1218

Merit: 410

Quote from: Toe1 on February 03, 2018, 02:37:24 PM

So how do we not to be fooled by false rumors?

Just do more research. Dont believe so easily, always do more research about every news that you heard

Bonsaiav

full member

Activity: 602

Merit: 118

Actually a lot of factors that affect the price of Bitcoin.
Among other things: volume and spread of bitcoin, trader speculation, fraud mode involving bitcoin and others.
The only way to avoid losses is to do HODL, HODL is the most appropriate and effective way.

chiggz

sr. member

Activity: 434

Merit: 252

Quote from: ChickenDuck on February 03, 2018, 05:44:00 AM

If you are not good at TA, simply just HODL.

Don't TA plays an important role in economics, You don't really need TA to be a trader in Crypto. Everyday people post hundreds of TA charts saying Bitcoin will increase 50K or come down to 5K. Everything is just a speculation. Finally markets will play its own game.

To OP, You can give Bitcoin trading a start by using demo trading feature in most of the changes before putting in real money. Grasp the basics, Buy low-sell high and repeat. Now how to choose coins to trade depends on your knowledge about those coins and how they are performing currently. You can check this forum or reddit or youtube to get some insights. Make a list of promising coins and start with them. Don't put all your money and then whine about losing it. Trading is an art and not everyone is an artist. Try to become one.

Toe1

newbie

Activity: 98

Merit: 0

Quote from: cissrawk on February 03, 2018, 09:42:50 AM

Quote from: Toe1 on February 03, 2018, 04:18:02 AM

What are these factors caused the price bitcoin is very easy to volatile?

IMO, if people get some news about bitcoin, it can be bad news or good news. But, sometime bad news its just fake to make people do panic sell and make some dump on bitcoin price.

Quote from: Toe1 on February 03, 2018, 04:18:02 AM

How do we as treaders overcome an unstable bitcoin price loss? Huh

You got some options, if sometime bitcoin price is really going down and you scared, then withdraw it when you already on profit or doing some cut loss.
If you want more risky, then just HODL.

so how do we not to be fooled by false rumors?

cissrawk

sr. member

Activity: 1218

Merit: 410

Quote from: Toe1 on February 03, 2018, 04:18:02 AM

What are these factors caused the price bitcoin is very easy to volatile?

IMO, if people get some news about bitcoin, it can be bad news or good news. But, sometime bad news its just fake to make people do panic sell and make some dump on bitcoin price.

Quote from: Toe1 on February 03, 2018, 04:18:02 AM

How do we as treaders overcome an unstable bitcoin price loss? Huh

You got some options, if sometime bitcoin price is really going down and you scared, then withdraw it when you already on profit or doing some cut loss.
If you want more risky, then just HODL.

ChickenDuck

newbie

Activity: 113

Merit: 0

If you are not good at TA, simply just HODL.

Quote from: Toe1 on February 03, 2018, 04:18:02 AM

What are these factors caused the price bitcoin is very easy to volatile?
How do we as treaders overcome an unstable bitcoin price loss? Huh

Toe1

newbie

Activity: 98

Merit: 0

What are these factors caused the price bitcoin is very easy to volatile?
How do we as treaders overcome an unstable bitcoin price loss? Huh

Topic: Question To increase our knowledge of bitcoin and how to become bitcoin treaders (Read 174 times)