Topic: Some important tips about the bitcoin market (Read 945 times)

Everyone said that they would list a lot of investment experience. Many are applicable to everyone.
Not everyone can do it according to experience. Any investment is risky.
Don't invest all your money.
Learn to stop losses in time.
I admire people who can control their emotions. Don't invest with emotion in investing.

Before jumping into bitcoin investment, make sure you are prepared for it and that you have already gained knowledge and positive experiences so you will be motivated to do the right thing. Bitcoin investment is definitely risky but if you know how to take the ride, then it will all worth the risk.

Once you're already into profits, do not stop there. Buy bitcoin as much as your budget can afford because its the best investment not just at the present but definitely in the future too and thus huge profits is waiting ahead. 

from the umpteenth of these tips have given an idea that we ourselves should not be defeated by our emotions when prices start to fall,, master all market movements anywhere from small or large, therefore we can analyze for ourselves how it will change in the futurefast or not.

Some tips about Bitcoin market:-

Start out Small level,Choose a Secure Wallet,Research on the Market, Decide on a Trading Strategy,be Strict With Profit Targets and Stop-Loss Orders,Diversify With Different Cryptocurrencies,buy and hold Bitcoin, Handle on Your Emotions,aware from scammers, don't make greedy plans and don't panic, have patience. Learn more , don't rely on Other's people decision, active socially.

Newbies are advised not to touch altcoins and contract transactions. Because novices know little about trading technology, it is difficult to independently determine whether a new altcoin has investment value. After the precipitation of time, mainstream currencies are unlikely to suddenly return to zero. Similarly, contract trading also requires traders to master advanced trading techniques, otherwise it is difficult to judge the direction of market trends. Increasing returns also increases the risk of loss. If you really want to open a contract, you must learn first.

A good advice in any situation is that we should buy as much Bitcoin as possible, because the price of Bitcoin will continue to rise and can provide us
big profits. So no need to hesitate to invest in Bitcoin, because how deep the price of Bitcoin goes down, the price will slowly recover and rise again.
But it is even better if we have knowledge of technical analysis of Bitcoin movements, it can make the profit that we generate maximum. Because we
can buy and sell Bitcoin at the right time.

Buy as much as you can? The words will work for the person who didn't have burden behind he's back. The important tips (according to me) is you need to increase your knowledge and experience and try to learn every TA in market.

I would like to change number one because it is a dangerous tip if interpreted wrongfully, I would change it into "Buy what you can afford to lose and not take out when there is an emergency". Another that I like to add is to take all the news in regards to cryptocurrency with a grain of salt because if not then you are susceptible to panic.

During a bull market, buy.
During a bear market, sell.
Bitcoin is in a bear market right now, do not sell.
If you sell, you will lose.

I don't recommend buying bitcoin for novices unless you plan to hold it for a long time.

As a novice, you know nothing about cryptocurrency and bitcoin, which is very dangerous.

If the novice must buy BTC, the market is not good, then do not regret, because that is your own choice, you have to be responsible for your own behavior.

Here 10 Most Important Tip About Bitcoin Market
 
1. Begin with small steps.
2. Choose a Safe Wallet
3. Do Market Research
4. Make a trading strategy decision.
5. Stick to Profit Targets and Stop-Loss Orders Strictly
6. Use Extreme Caution When Using Leverage
7. Use a variety of cryptocurrencies to diversify your portfolio.
8. Buy Bitcoin and Keep It
9. Take Control of Your Emotions
10. Be wary of con artists.

Everyone gets tested once in a while and I think it is better to experience some lessons and make some trading mistakes early on when there is not too much on the line. It helps you learn how to focus on the essentials and stay as rational as humanly possible.

Bitcoin goes up and down so fast I remember back in its early days how mind boggling it was. Totally nervous watching the charts. Not the same these days, very calm hands thanks to my experience from back then.

I'll take into consideration all of the advice you've given except the 1st one, going all-in is not really a good idea. Most people here pointed out that investing the money you could afford to lose and that's true. For me, protecting our capital is the most important thing in trading and we should always keep that in your mind.So always plan your trading and stick to your plan to avoid greater losses on your part.

I really care about sentiments so I always keep an eye on the bitcoin related news. Usually take a look on the 1 year time frame chart and analyze it. Before I was a day trader but I rarely earn profit, but after I decide to change my strategy to long term trading then I keep earn profit. I was surprised that long term trading can be this easy, but of course I sacrifice time and opportunity because I only trade when there are bull or bear market condition.

10 Must-Read Bitcoin Tips
 
     1. Start out Small
     2. Choose a Secure Wallet
     3. Research the Market
     4. Decide on a Trading Strategy
     5. Be Strict With Profit Targets and Stop-Loss Orders
     6. Use Leverage With Extreme Caution
     7. Diversify With Different Cryptocurrencies
     8. Buy and Hold Bitcoin
     9. Get a Handle on Your Emotions
   10. Watch out for Scammers

As a personal strategy, I set a line where I am going to sell my bitcoin, I do not mind the FOMO higher price than what I have sold it because I have needs for the money that will benefit me in the long run. I sort of think of it as diversifying my investments.

Well, the amount of bitcoin to be acquired depend on the investment you have and the time on which you are investing in the market. If you invest at the right time there are chances to get good profit but if you already bought at a higher rate than, chances are that you might not get enough profit .

Bitcoin is not for the impatient types.

You shouldn't advice people to buy what they can and hold if they're patient because nobody knows if they are able to hold until they get tested by a real market winter.

Usually people set goals for themselves and when these goals fail they get frustrated, give up and blame the whole world but not their own stupidity.

1. First of all, you need to decide on the cryptocurrency on which you want to earn money. There is no common rule here, almost any token has the ability to go up sharply, and then just as quickly collapse. A novice crypto investor can only predict these movements with a lot of luck. But you can do something to protect your investments.
At first, it is better to choose a currency that has been around for a long time and is in demand among traders-like Bitcoin or Ethereum. They usually do not grow in price as quickly as altcoins — little-known cryptocurrencies, but it is easier to find a buyer for them if you urgently need to sell tokens.

2. When choosing a cryptocurrency and an exchange, do not get carried away with absolutely fantastically generous offers. Crypt is, of course, a special world, but there is no free cheese here either. If they promise super profits - look for what the catch is.
Typical signs of dubious crypto projects:
- The people identified in the project team have not previously met in the news of the crypto world. In some cases, the project team can even find the faces of famous actors with completely different names — this, however, is quite an outstanding precedent.
- The creators of the cryptocurrency promise a guaranteed profit. Most likely, it is a pyramid.
- The repository with the project code on GitHub is almost not updated. This means that either the project itself does not exist at all, or no one is engaged in it.

3. Crypto wallets are used for storing tokens. And more — save all your passwords and codes that you see when you create and use a wallet. For your own safety, the developers of many wallets show them only once. You can even write them down on paper if you are sure that you will not lose them.

4. It is very important that all your operations with the crypt go through a secure communication channel. If you access the exchange's website via public Wi-Fi, criminals can intercept information about transactions or spoof the Internet page to steal your assets.

1. Buy as many as you can
You are right to buy as many coins as there are, but here there must also be a purchase basis and the potential for whether it will be profitable in the future, if we buy the existing coins wrongly we will experience losses, even though we buy cheap at first

2. Buy on the floor, but don't wait for corrections or falls.
well this is sometimes difficult for me to guess, sometimes I like to be trapped in this time