A very interesting and useful article, after I read the article that was shared in the opening post. Because it reminds me of the basics
that must be known before starting trading, the article is actually shown for the newbie. But for those of us who are seniors enough
also useful, because often it is forgotten. Especially regarding trading volume, many traders underestimate this. While trading
volume is one of the keys to making a profit and avoiding losses. As we know we should choose coins with high trading volume,
so it's easy to make a profit. But there are still many traders who buy coins with a small volume, which eventually becomes a loser.
Topic: Safety first before trading - page 4. (Read 1049 times)
These hackings is truly a dilemma for traders because how can you earn a good amount of money if you can only deposit little money.
I think there are various ways for an exchange to really secure they're customers funds like Facebook security when an intruder logins to unknown IP the account gets immediately lock out and they also hire bug bounty hunters to always pentest their site for vulnerabilities.
I think there are various ways for an exchange to really secure they're customers funds like Facebook security when an intruder logins to unknown IP the account gets immediately lock out and they also hire bug bounty hunters to always pentest their site for vulnerabilities.
During this quarantine season, there's a lot of time to read some trading platform programs particularly in bitcoin and also other cryptocurrency processes, for the main time it is suitable to determine if how it works to convert and it's probably good for safety.
We should be aware that in this crypto market is full of pitfalls. I seemed to think that this market was pink until I lost over $ 2,000 in an ICO project in 2018. I suddenly realized that nothing could make us rich quickly. . So if there's news or PM groups for you and invites you to invest with high interest, never believe it and block them as quickly as possible.
Besides, I also have advice for new people that be patient to get rich. We may earn less money but in the long run, don't be greedy. Discipline in trading and patience will make us safe and rich.
Without risks we cannot make profits but people who take risks blindly has preparation at all.So there are some factors decide whether our risk is worth or not for the project we are going to invest.First of all taking risk on complete new project is not the smart move because we may earn more or loss completely so with such types we have to stay away.Besides, I also have advice for new people that be patient to get rich. We may earn less money but in the long run, don't be greedy. Discipline in trading and patience will make us safe and rich.
Many people getting failed into the world of trading because of having a lack of experience and knowledge and one of the keys to success is learnings. Some people today want to include in the world of trading but one mistake can cause too many losses to your income. It is better first to prepare your mind, emotionally and mentally and next if you think you are prepared enough try to make some demo today there are a lot of trading platform that supports demo to their traders that is the good thing because you can now experience the environment of the trading and the pressure of getting loss your income, lastly always aware how much you earn and how much you lose or win it is not good that you don't know how much you get.
What's new about what you mentioned in OP ? Most of the traders are aware of such things.
The things to consider about is safety is
Keeping your crypto in safe locations
Not mentioning about your crypto balance in public
Diversifying your crypto to minimize the risk
These are points you should have mentioned
The things to consider about is safety is
Keeping your crypto in safe locations
Not mentioning about your crypto balance in public
Diversifying your crypto to minimize the risk
These are points you should have mentioned
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
https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp
I realize that there are many exchanges that meet these criteria, but they are still deceptive. IDAX is an example because you can see that its volume is quite high and has lots of good trading features, stoploss and limit price, ... I'm quite happy with this exchange but I was completely stunned. fever to know the CEO stole more than $ 200m of investors and fled. so we not only analyze the 4 things above, but we also have to look at their community and the support of the support team. That proves that they are a professional team or not.
It's a common thing to take extra caution previously because this is not like a conventional platform for investment and trading, that's why Slow and Steady strategy could make a good thing in this system, I think it's not any difficult thing for a newcomer or an old folk to make trade in this blockchain system, I believe if someone is trying to start with a small volume then it must be a good thing because it will bring to anyone a good result within a short time. so you have to think twice before investing and trading in the blockchain system.
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
It is required to have enough knowledge first before engaging in any other activity related to crypto otherwise you will get scam by the people who have bad intent. There's a lot of articles that could help you to learn to trade besides you are in the forum that would provide the fundamentals you must know along with some tips. Making an entrance into a thing you don't familiarize with is just the same with gambling knowing that you have no chance of winning. https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp
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
This topic is helpful, however it takes more time fpr the traders especially to the new ones to understand how to do this. Although this is a very basic setups that every trader should know and to be applied on trading. Nothing is easy it takes time to learn this things but still a worthwhile to read. It all depends on every preference of a trader. https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp
There is a level where risk makes you more money and too much risk loses you money, that gray area where you risk enough to make money but not risk too much to lose money is where everyone should be operating. However, that place is not easy to find and everyone has trouble figuring out where it is because it changes depending on everyone's budget and level of comfort trading.
I personally figured out that I can trade 100 bucks and not worry about it, I can leverage it, I can trade it, I can invest into tokens, no matter what I do with that 100 bucks including gambling itself, I wouldn't worry however if I end up losing that money as a whole, I would probably not do anything for couple of months at least, so find that number for yourself and the method and you will be good to go.
I personally figured out that I can trade 100 bucks and not worry about it, I can leverage it, I can trade it, I can invest into tokens, no matter what I do with that 100 bucks including gambling itself, I wouldn't worry however if I end up losing that money as a whole, I would probably not do anything for couple of months at least, so find that number for yourself and the method and you will be good to go.
Before you do anything with your money like do trading, you should always remember that you will only put an amount that you can afford to lose because when something goes wrong then you will not be frustrated because it is alright for you to lose that money. Learn how to do money management before anything else so it will be easy for other things to follow because you know how to handle your money very well.
Nobody can take care of your money other then you only. If you start trading without having any knowledge then there are bright chances that you will join camp of 'trading losers'. Everyone think crypto trading is very easy, its like buying bitcoin in the morning and selling in the evening.
It's never easy. It may seem like the buy low sell high principle is pretty simple, but it's not. You risk a lot already by making trades. Safety i think begins with things that you can control. Like choosing a reliable site where you can trade, having a secure wallet with private keys and security features like 2fa, and putting in just enough money that you can let go in sour times. Nothing's for certain in trading though there are certain things you can practice to lower your chances of being rekt or worse, getting your money stolen.
Before you do anything with your money like do trading, you should always remember that you will only put an amount that you can afford to lose because when something goes wrong then you will not be frustrated because it is alright for you to lose that money. Learn how to do money management before anything else so it will be easy for other things to follow because you know how to handle your money very well.
Nobody can take care of your money other then you only. If you start trading without having any knowledge then there are bright chances that you will join camp of 'trading losers'. Everyone think crypto trading is very easy, its like buying bitcoin in the morning and selling in the evening.
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
https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp
Yeah that should be first. Safety.
But how actually?
It is not just about marketing, trading or volume. You need to keep your money in safety first.
Get a hard wallet. If needs payment then so be it as long as you know it will be the safest method ever.
Next, do not stay in an exchange for a long time.
Yes, it is more profitable having a lot to be traded but you need also to stop being greedy and keep some of it at some time.
Where it should be? Your created hard wallet. Always there.
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
https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp
What you have highlighted as what should be paid attention to in trading is basically something so basic that by default, anyone in crypto whether trading or not should know about. For those who wants to be interested in trading, there is need to even take extra care and note in dealing. As a matter of fact, anyone in crypto trading should be vigilant by default that all platforms should not be completely trusted and the man on the other side is trying as much as possible to take more money from you.
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
https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp
5. Don't be greedy.
Don't get tricked by any investation's ads that offer so much profits in a short time, it might be a ponzi scheme and if you're not lucky enough you will lost all your investment. So we better to learn step by step the trading fundamentals and get experienced in trading.
Looks to me like someone already made this kind of thread.
There is a difference though.
He did copy some about the article and posted it in bitcoin discussion.
Here it is.
https://bitcointalksearch.org/topic/m.53365232
There is a difference though.
He did copy some about the article and posted it in bitcoin discussion.
Here it is.
https://bitcointalksearch.org/topic/m.53365232
Before you do anything with your money like do trading, you should always remember that you will only put an amount that you can afford to lose because when something goes wrong then you will not be frustrated because it is alright for you to lose that money. Learn how to do money management before anything else so it will be easy for other things to follow because you know how to handle your money very well.
yes, security is very important, but I don't really like complicated, so I rarely use extra security, I like the easy and simple ones, maybe because I'm only a small trader so I don't really care about security, maybe I would be more careful if I use a large capital.
Loss are inevitable but we can minimize our losses. Newbies should focus on risk management, there is a saying that it is ok to loss small but to lose big is not ok. Mistakes are good thing but make sure that we can a knowledge from it. In trading your first objective is not to multiply it, your objective should be how are you going to protect it in order for you to able to grow it.
Risk management is multilevel and does not pegged to newbie or pro. The higher the level of risk, experience in managing risks will increase, also the profit will be higher. Maybe this is what distinguishes a newbie or a pro, but even a professional must learn and be careful.
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