Safety first before trading - page 2.

palle11

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Quote from: kakonhat on September 08, 2020, 02:15:56 AM

Safety need for everything not only for a wallet. I think everyone needs risk management safety. Suppose if you invest $1000 and got some standard profit you should backup your $1000 to full free from any tension if don't has much money. And sure before investing you should know where are you investing.

Investing properly is another part of managing your resources. You need to do a research on the project because money management won't matter if the project isn't progressing. I bought a coin in the past but after few months it dropped 200% and I was left with nothing .

Salauddin1994

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Ensuring safety before trading is the main responsibility of every trader otherwise the risk is to read more. The site you invest in must be well analyzed you need to verify the reliability of the site and then invest. Also, the amount of investment should be reduced if the site is good then gradually increase. No matter where you invest you need to have a backup so that you can easily recover if something goes wrong later without protection business can never be profitable.

Arkann

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I believe that for every trader, the most important factor in safe trading is risk minimization, which can be carried out primarily thanks to the stop loss function. But only the correct settings for this function can protect the trader from unforeseen moments of fluctuations in the cryptocurrency rate.

kakonhat

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Crypto in my Blood

Safety need for everything not only for a wallet. I think everyone needs risk management safety. Suppose if you invest $1000 and got some standard profit you should backup your $1000 to full free from any tension if don't has much money. And sure before investing you should know where are you investing.

dunfida

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Quote from: Kasabus on September 01, 2020, 09:52:32 PM

Quote from: Shasha80 on September 01, 2020, 12:57:28 AM

It's scary that more and more are becoming victims of scammers or hackers in the trading world. Therefore I totally agree to do it
safety first when trading, one of which is choosing popular and reliable trading platforms. Then choose potential coins for trading,
and don't buy low volume coins. The next one uses risk management so that the capital used is safer, and lastly, always use the
stop-loss feature to maintain the capital we have.

Being cautious in everything you do before you trade and while you're into trading helps keep you safe and your assets too. Do not rush into trading thinking that this is a quick rich sheme because once you're into trading, your funds will be automatically in a high risks. Choose the best trading platform once you trade and make sure you are trading those high volume coins and not those dead coins or else you will end up losing your funds.

Theres no such thing about being completely safe when it comes to investment no matter how cautious you are but somewhat this is much better compared to those people who do just make out reckless and
careless decisions towards into their investment.Of course we do mind into our investment since we do know that our money is on stake but mistakes are inevitable so you should somewhat expect that losses
cant really be avoided no matter how hard you do try on making the best strategy or analysis out there but what most important is that you do know how to handle out situation which would result for you to
end up on profits on what you've been doing.

coinfinger

sr. member

Activity: 1638

Merit: 278

Everyone and their ways, there are people who prefer to buy cryptocurrencies with small market cap, and there are those who prefer the ones that already has a huge market cap just like me. I do think that most of those people that are interested in small market cap cryptocurrencies are just looking for a pump and dump.

There are people who wants to pump coins and once their prices increases they will dump the bag on other investors and traders, and small market cap coins are the prey. Another very important we should know is exchanges, some of them are not really good, and your trading money should be stored separately from the main one; you can keep the trading money on exchanges while the rest stays on personal secure wallet.

Kasabus

hero member

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Quote from: Shasha80 on September 01, 2020, 12:57:28 AM

It's scary that more and more are becoming victims of scammers or hackers in the trading world. Therefore I totally agree to do it
safety first when trading, one of which is choosing popular and reliable trading platforms. Then choose potential coins for trading,
and don't buy low volume coins. The next one uses risk management so that the capital used is safer, and lastly, always use the
stop-loss feature to maintain the capital we have.

Being cautious in everything you do before you trade and while you're into trading helps keep you safe and your assets too. Do not rush into trading thinking that this is a quick rich sheme because once you're into trading, your funds will be automatically in a high risks. Choose the best trading platform once you trade and make sure you are trading those high volume coins and not those dead coins or else you will end up losing your funds.

nasipadang

sr. member

Activity: 1274

Merit: 252

Quote from: christian07 on December 16, 2019, 02:09:37 PM

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

Actually there are several things related to the success of trading besides the 4 things that a trader should know based on the article above. Experience is needed at the same time and knowledge that we have in trading cryptocurrency, as we know that trading experts have at least 2 years of trading experience. No trader is successful with a small period of time, so don't give up easily and gain experience to achieve something.

Shasha80

sr. member

Activity: 1876

Merit: 318

It's scary that more and more are becoming victims of scammers or hackers in the trading world. Therefore I totally agree to do it
safety first when trading, one of which is choosing popular and reliable trading platforms. Then choose potential coins for trading,
and don't buy low volume coins. The next one uses risk management so that the capital used is safer, and lastly, always use the
stop-loss feature to maintain the capital we have.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: ChronoLite on August 31, 2020, 09:07:10 PM

Quote from: Assface16678 on August 31, 2020, 10:11:43 AM

I think still many people are hoping that they can still earn with the use of those dead coins we all know that the bitcoin starts in a zero value so they think if they make an investment into a dead coin or a coin that is has a zero value they think they can earn with this and holding for a long time which is a desperate earner I think because it's already dump why still makes an investment.

it is kind of gambling actually, gamble your money into dead coins hoping to see those coins raise up is kinda coinflip if you do not know what to do for that. it is really good and rewarding if your picks are going through, you can get something huge on that. but what happen if you fail? you will lose and it could be difficult to actually cut loss due to how low the volume is.

I think this is not a gamble at all.

I mean we are talking about dead coins, right? They are already dead, and I don't think you should even risk your money in those dead coins since I don't know who will be even seeing a potential at that I don't even know if people would still check on those changes since they will be more focussed on other cryptocurrencies they are investing.

Assface16678

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Quote from: nicecrypto on August 31, 2020, 03:57:46 PM

So much have been said about trading in different platforms and I believe anyone who wants to engage in trading should consider getting the right knowledge about it, in a very comprehensive manner so they will understand it properly, I think op is right about people getting the right information before indulge in trading.

Knowledge regards trading is one of the most essential thing we should have because we want to lose all of the funds that's looks like you are giving a lot of money to them. Also I encourage to the other members to make trade to the known platform to avoid getting trouble regarding with your account because we want to keep all you safe.

Also if you will make trade don't get carried away by the insights and any kind of navigation came from other people because this may risk a 100 percent if your funds.

Quote from: ChronoLite on August 31, 2020, 09:07:10 PM

Quote from: Assface16678 on August 31, 2020, 10:11:43 AM

I think still many people are hoping that they can still earn with the use of those dead coins we all know that the bitcoin starts in a zero value so they think if they make an investment into a dead coin or a coin that is has a zero value they think they can earn with this and holding for a long time which is a desperate earner I think because it's already dump why still makes an investment.

it is kind of gambling actually, gamble your money into dead coins hoping to see those coins raise up is kinda coinflip if you do not know what to do for that. it is really good and rewarding if your picks are going through, you can get something huge on that. but what happen if you fail? you will lose and it could be difficult to actually cut loss due to how low the volume is.

Still even it has a low volume they want to buy and thinking they can earn a lot more it's looks like investment with a chance of 99 percent losing and 1 percent earnings but still it's their choice to get income or loss with those dead coins.

ChronoLite

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www.guestcrew.com

Quote from: Assface16678 on August 31, 2020, 10:11:43 AM

I think still many people are hoping that they can still earn with the use of those dead coins we all know that the bitcoin starts in a zero value so they think if they make an investment into a dead coin or a coin that is has a zero value they think they can earn with this and holding for a long time which is a desperate earner I think because it's already dump why still makes an investment.

it is kind of gambling actually, gamble your money into dead coins hoping to see those coins raise up is kinda coinflip if you do not know what to do for that. it is really good and rewarding if your picks are going through, you can get something huge on that. but what happen if you fail? you will lose and it could be difficult to actually cut loss due to how low the volume is.

nicecrypto

member

Activity: 1260

Merit: 21

So much have been said about trading in different platforms and I believe anyone who wants to engage in trading should consider getting the right knowledge about it, in a very comprehensive manner so they will understand it properly, I think op is right about people getting the right information before indulge in trading.

Assface16678

full member

Activity: 1470

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★Bitvest.io★ Play Plinko or Invest!

Quote from: ChronoLite on August 31, 2020, 09:56:37 AM

Quote from: Tomcolor on August 30, 2020, 01:06:07 PM

We can call a coin that has a low volume a death coin because there must be a reason why their coin does not have a volume and if that reason is a suspicious prediction then forget that coin. If I were a smart trader i would never simply believe such a dead coin, again many dead coins are seen to wake up after a few years when everyone thinks it is shitcoin.

correct, we should not invest on dead coins. why in the earth we are investing on dead coins where we will not even get our money back by making an investment into those shitty coins. i would rather to get slow but decent amount of money in top coins on coinmarketcap rather than gambling my money into dead coins

I think still many people are hoping that they can still earn with the use of those dead coins we all know that the bitcoin starts in a zero value so they think if they make an investment into a dead coin or a coin that is has a zero value they think they can earn with this and holding for a long time which is a desperate earner I think because it's already dump why still makes an investment.

Quote from: ?? on ??

This is a great article and I have learned some things. Thanks for sharing

I think you are just new on our forum it's better to read the beginners & help thread first because we push new members to create a constructive post to help every one thank you.

Quote from: Tomcolor on August 30, 2020, 01:06:07 PM

We can call a coin that has a low volume a death coin because there must be a reason why their coin does not have a volume and if that reason is a suspicious prediction then forget that coin. If I were a smart trader i would never simply believe such a dead coin, again many dead coins are seen to wake up after a few years when everyone thinks it is shitcoin.

It's looks like an investment for nothing because they think they can earn with this coins which is near to the zero value and hoping they can earn with this coin for a long time like a 50 years lol.

ChronoLite

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www.guestcrew.com

Quote from: Tomcolor on August 30, 2020, 01:06:07 PM

We can call a coin that has a low volume a death coin because there must be a reason why their coin does not have a volume and if that reason is a suspicious prediction then forget that coin. If I were a smart trader i would never simply believe such a dead coin, again many dead coins are seen to wake up after a few years when everyone thinks it is shitcoin.

correct, we should not invest on dead coins. why in the earth we are investing on dead coins where we will not even get our money back by making an investment into those shitty coins. i would rather to get slow but decent amount of money in top coins on coinmarketcap rather than gambling my money into dead coins

Lorence.xD

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Activity: 1624

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Leading Crypto Sports Betting & Casino Platform

If you want to trade then go trade on the trusted sites, the problem is people wants to find a site that does not take a cut, give the site some slack, besides traffic that is their only way of earning. I do not know much but I hope that is the gist of it. The real safety should be having an emergency fund in the case where you are having a downtime when trading. Regarding scams, most of them could be prevented if you have a common sense but there are elaborate ones out there so doing your research is strongly adviced.

Tomcolor

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SOL.BIOKRIPT.COM

We can call a coin that has a low volume a death coin because there must be a reason why their coin does not have a volume and if that reason is a suspicious prediction then forget that coin. If I were a smart trader i would never simply believe such a dead coin, again many dead coins are seen to wake up after a few years when everyone thinks it is shitcoin.

TheGreatPython

sr. member

Activity: 2618

Merit: 335

I can't believe that people have to be convinced to be careful when they are trading, from the moment your money leaves your bank account to the time when it goes back into your bank account you should be careful about every single moment of it.

From the exchanges getting it, to the moment you trade there, to the moment you pay fee's and basically everything you can think of, do not get me started when the money just sits there and does nothing, even that is very risky if you are keeping it in an exchange because who knows if they will get hacked or not, they could totally get hacked! So that is why caution is the most important thing in bitcoin world, be ready to do security more than you have ever done in your life, it really is a whole new level around here.

panganib999

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It is just right and a must thing to do to take up some precautionary measures such as educating yourself by doing thorough research whenever you are up into something that is just new for you like trading before doing engagement to avoid bad things to come up like getting caught by scammers and hackers because they would surely take advantage of your innocence in this industry and make themselves powerful to conquer your mind so being knowledgeable enough would save you up from such possibilities to happen.

Always think that you are dealing and staking with a real money and your aim is to make profit so you must equip yourself with essential knowledge you can use such as knowing the basics on how to do trading to be able to do necessary actions on how to come up gaining profit and not to gain loss because of doing wrong stuffs. Knowledge is your greatest weapon and power that you must have on doing trading so that you can justify that what you are doing is leading to a right path of the way going to success and not the other way around.

beerlover

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Quote from: cryptomaniac_xxx on August 26, 2020, 06:23:41 AM

--snip--

Yeah there are ones like I said, there are ones which are free but they are not answering all the questions and teach so little for free, or there are very expensive ones that basically such a teaching that it is live and you can ask any question you want, and there is everything in between.

However there is none that is fully teaching every single thing and free. Now don't get me wrong anything that is worth doing worths money so I am not expecting teachers to actually do it for free but there could be people who can donate for such a cause or even create this right? Binance offered 400 million dollars for CMC as far as we know, how much can few teachers and some equipment could cost them? Yearly 50k at most? Probably not even that much. So I think it could be done.

Topic: Safety first before trading - page 2. (Read 1049 times)