Some important tips about the bitcoin market - page 2.

wxa7115

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Bitcoin is GOD

Quote from: vintages on February 24, 2021, 06:55:36 PM

Quote from: jacobjorden on February 24, 2021, 12:21:51 AM

1. Start from a small level
2. Get enough savings before

I don't understand what you mean by small level but if I may say, now, in Bitcoin, there is no small level. Just dont wait for it, buy in any chance you get.
And again, you don't have to wait till you save up, $5 dollar Bitcoin now can worth thousands in years to come. Therefore waiting to get enough savings before buying equals to not buying at all. Or even missing out buying with a good price.

I don't think that he is talking about the price of bitcoin he's talking about the capital that you use on each one of your trades, it is very common for newbies to use all of their capital on their trades and as soon as they make a mistake they lose so much money that they get desperate and begin to make additional mistakes.

It is way better to begin your journey as a trader or investor with a small amount of money that way if you happen to make a mistake that mistake is not going to be as costly, you're not going to get as upset and finally you are going to learn something from that experience, something which is invaluable in the markets.

sayaya17

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When a person's knowledge is already a lot about crypto, then one will not hesitate to invest in bitcoin, as you suggested, of course they will do so,
it's just that the most important thing is to buy bitcoin according to the capabilities of the time, one more thing, it might be better if a trader or
investor does not take out a loan to invest in bitcoin, this is the best thing.

Issa56

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Currently bitcoin is doing well and this is the best time to Buy bitcoin which lot's of people think Bitcoin price is too high and they are waiting for correction or dump before they buy, but I will advise you to buy now and don't wait for dump which I believe it won't be possible I don't think Bitcoin will dump now so the next bull run will be massive. So if you are really interested in buying bitcoin I believe this is the right time to bag more and wait for the bull run, Bitcoin will be massive in the next few months don't miss it out. But if you are trading don't trade with emotions if you trade with emotions you will definitely be trading at lose which is very bad as a investor or as a trader.

Ludmilla_rose1995

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Quote from: gabbie2010 on February 25, 2021, 12:09:42 AM

Quote from: Ludmilla_rose1995 on February 24, 2021, 11:42:22 PM

Quote from: mr_ROBOTT on January 14, 2021, 11:41:55 AM

My advice to friends (based on experience)

1.Buy as much as you can
2.Buy on the floor, but do not wait for correction or fall.
3.Do not do anything for the price of tetra and dollars…
4.If it comes down to a short time that you bought at a reasonable price….
5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar.
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose

If you have any suggestions, let us all know so we can use this experience.
Thanks Wink

the first point is heretical advice. buying as much as you can using all your money is stupid. it is a high risk. Better to set aside some money to buy bitcoins and do it more often as long-term savings.

Bitcoin and other cryptos are high risk investment advising a newbie to buy as much as they can is not proper and may be disastrous in the long run especially those buying at the peak, recall in 2017 when bitcoin peaked a lot of newbies bought with massive funds that time at that price while relying on speculations that the price will reached $50K unfortunately the price dumped a lot of them sold with a massive losses, while I agreed with the OP on dealing with emotion when trading because it is big challenge for traders especially newbies.

Many beginners are trapped in bitcoin FOMO without thinking about the risk of losing. It's best if newbies don't put all their money into investing. I say this because I have experienced it in 2017. where I bought a lot of ethereum at the highest price. I had to wait 4 years for the price to recover. and that's a very big risk.

gabbie2010

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Quote from: Ludmilla_rose1995 on February 24, 2021, 11:42:22 PM

Quote from: mr_ROBOTT on January 14, 2021, 11:41:55 AM

My advice to friends (based on experience)

1.Buy as much as you can
2.Buy on the floor, but do not wait for correction or fall.
3.Do not do anything for the price of tetra and dollars…
4.If it comes down to a short time that you bought at a reasonable price….
5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar.
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose

If you have any suggestions, let us all know so we can use this experience.
Thanks Wink

the first point is heretical advice. buying as much as you can using all your money is stupid. it is a high risk. Better to set aside some money to buy bitcoins and do it more often as long-term savings.

Bitcoin and other cryptos are high risk investment advising a newbie to buy as much as they can is not proper and may be disastrous in the long run especially those buying at the peak, recall in 2017 when bitcoin peaked a lot of newbies bought with massive funds that time at that price while relying on speculations that the price will reached $50K unfortunately the price dumped a lot of them sold with a massive losses, while I agreed with the OP on dealing with emotion when trading because it is big challenge for traders especially newbies.

Ludmilla_rose1995

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Quote from: mr_ROBOTT on January 14, 2021, 11:41:55 AM

My advice to friends (based on experience)

1.Buy as much as you can
2.Buy on the floor, but do not wait for correction or fall.
3.Do not do anything for the price of tetra and dollars…
4.If it comes down to a short time that you bought at a reasonable price….
5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar.
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose

If you have any suggestions, let us all know so we can use this experience.
Thanks Wink

the first point is heretical advice. buying as much as you can using all your money is stupid. it is a high risk. Better to set aside some money to buy bitcoins and do it more often as long-term savings.

vintages

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Quote from: jacobjorden on February 24, 2021, 12:21:51 AM

1. Start from a small level
2. Get enough savings before

I don't understand what you mean by small level but if I may say, now, in Bitcoin, there is no small level. Just dont wait for it, buy in any chance you get.
And again, you don't have to wait till you save up, $5 dollar Bitcoin now can worth thousands in years to come. Therefore waiting to get enough savings before buying equals to not buying at all. Or even missing out buying with a good price.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: DarkDays on February 18, 2021, 07:00:01 PM

Quote from: taufik123 on January 17, 2021, 10:48:42 AM

All the tips that you mentioned will certainly be very helpful when trading. But the last tip you mentioned about emotional or psychological is a very important one and will affect all of them. Because strategies and decisions in trading depend on how to manage emotionally so you can choose the right choice and don't be too greedy.

Right on point on how the emotional state of a person can influence their trading hand/s. I think, perhaps this is the most important point about trading and going into crypto in general even if it is for long-term holding.

The mind is an important asset, so a good strategies could save you money, stress and LIFE itself.

Emotional control is a skill that is often overlooked and yet it is one of the most important skills you can have, people worry too much about entry and exit signals and finding the perfect strategy and while there are reasons to worry about that your emotional control is everything, after all even if you have the perfect strategy what is the point if you are not going to follow it just because you are in panic? At that point all of the research that you made is useless and it would have been better that you dedicated time to improve your emotional control.

However this is not easy because as we know the markets move on emotions and it is easy to let those emotions overwhelm you especially when the market is moving against you.

jacobjorden

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Quote from: mr_ROBOTT on January 14, 2021, 11:41:55 AM

My advice to friends (based on experience)

1.Buy as much as you can
2.Buy on the floor, but do not wait for correction or fall.
3.Do not do anything for the price of tetra and dollars…
4.If it comes down to a short time that you bought at a reasonable price….
5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar.
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose

If you have any suggestions, let us all know so we can use this experience.
Thanks Wink

1. Start from a small level
2. Get enough savings before
3. Learn how to make technical analysis
4. Stay updated with currency news and events
5. Don’t listen to others

maculeth

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It has been 2 times that bitcoin has crashed and then it is pumped, from that experience we should be able to analyze that the right moment to buy is when the price drops dramatically because it will definitely go up again.

Innerpumper

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7. Don't panic

of us often hear others to buy this coin without any clear news. If there is no good news it is better not to buy it if only a flash pump occurs or we will regret it. However, if we are calm in predicting it will make us profit without having to think about losing.

Olivia Wolff

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Activity: 35

Merit: 0

The most important things in the Bitcoin market:
1. Learn as much as possible.
2. Be careful, because it's easy to fall for scammers and hackers.
3. Be patient. It's very important in this matter because you'll never get a good result right away.

michellee

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Quote from: mr_ROBOTT on January 14, 2021, 11:41:55 AM

My advice to friends (based on experience)

1.Buy as much as you can
2.Buy on the floor, but do not wait for correction or fall.
3.Do not do anything for the price of tetra and dollars…
4.If it comes down to a short time that you bought at a reasonable price….
5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar.
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose

If you have any suggestions, let us all know so we can use this experience.
Thanks Wink

Number 1, you need to know how to manage your money and not buy as much as you can because you will not know when the price will up and down. If you buy using that strategy, you will lose a chance to buy more when the price down.
Number 2, it is better to wait for correction because you can buy the coin at a discount price.
Number 6, you need to manage your emotion in trading, such as panic, because that can cause you to make a rash decision while you do not know the market's real situations.
I am not sure about the other number Grin

DarkDays

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Quote from: taufik123 on January 17, 2021, 10:48:42 AM

All the tips that you mentioned will certainly be very helpful when trading. But the last tip you mentioned about emotional or psychological is a very important one and will affect all of them. Because strategies and decisions in trading depend on how to manage emotionally so you can choose the right choice and don't be too greedy.

Right on point on how the emotional state of a person can influence their trading hand/s. I think, perhaps this is the most important point about trading and going into crypto in general even if it is for long-term holding.

The mind is an important asset, so a good strategies could save you money, stress and LIFE itself.

verita1

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Activity: 1358

Merit: 81

Investing in bitcoin is taking risks.
The invested capital depending on your possibilities.
Do not abuse your limits when investing.
If you think about bitcoin, you should be aware of its behavior in the short, medium and long term. Because now there is a lot of interest in large investors in bitcoin and they are buying and their mission is to protect their capital for the future.
Relax, do your own safe-site search, and join the party.

famososMuertos

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The best advice is to ask yourself why I should go to the bitcoin market, the term buy what you can and sell when it is profitable is a premise that unleashes false hopes for newbies who come to bitcoin.

Make it organic buy when you really can and sell when necessary, financial reality forces you, but that's the point, if that happens something is not right in your availability of money to invest, because bitcoin is an investment to long term.

The bitcoin market in its daily trade is open to everyone, but ask yourself first do you have the correct capital, the experience, do you have the ability to accept losses, etc ... not everyone knows how to survive that opening, we must think about our abilities.

ice098

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Quote from: ?? on ??

Quote from: mr_ROBOTT on January 14, 2021, 11:41:55 AM

My advice to friends (based on experience)

1.Buy as much as you can
2.Buy on the floor, but do not wait for correction or fall.
3.Do not do anything for the price of tetra and dollars…
4.If it comes down to a short time that you bought at a reasonable price….
5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar.
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose

If you have any suggestions, let us all know so we can use this experience.
Thanks Wink

for now when you want to buy on the floor you have to wait a long time, because we can see if the price is currently in an uptrend. buying on the floor means waiting for the correction, and we don't know when the correction will occur because this cannot be confirmed and predicted

Suprisingly but yes the market of bitcoin was currently on an uptrend and its market value were continue climbing to highest ATH. Waiting to buy in the floor price may take quite long but if in case happens it may only corrected in an small amount i guess and another thing to consider was when does this price correction may happen. Well i just have to believe that bitcoin were already known by many huge investors and attracted them to invest in it that's why we couldn't predict when this price correction may take place.

wxa7115

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Bitcoin is GOD

Quote from: kryptqnick on February 13, 2021, 01:43:26 PM

I think we should really stop focusing so much on buying Bitcoin because what's the point of buying if you have to sell it at some point to actually use it? We need to focus on adoption of Bitcoin as money, and whether it's growing with BTC's growth of popularity. It's also important to address the issues that prevent large-scale adoption, such as very expensive fees which are the case whenever there's high traffic.

But there is nothing we can do to increase adoption except to be willing to spend our bitcoin, after all only merchants can choose to accept bitcoin on their business and until there is enough demand for that adoption will keep being left behind, also when we take into account the fees that we need to pay every time the network is busy this does not help the popularity of bitcoin as money, we really need for merchants to begin to use the lightning network otherwise bitcoin will never succeed as money due to the large fees and the slow confirmation speed.

Quote from: kryptqnick on February 13, 2021, 01:43:26 PM

And if we're talking about investing, I think that buying only what you can afford to lose is a better advice than buying as much as you can.

Many people talk about only investing what you can afford to lose but except for those that are already extremely wealthy that is an advice no one follows, after all if you are investing all your savings in the markets you cannot really afford to lose it right? At the end you need to take a risk but as long as it is a calculated one then it is fine.

ivankoh

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Quote

Rushing doesn't mean you are acting emotionally and being emotional doesn't mean you are rushing in the market.

Sure, if you are dominated by emotions, then the reason will not easily give you an advantage to choose. This does not mean that a benefit is born so that you can immediately gain advantage. Investing is a long-term plan that requires more than patience to have success in crypto. My advice is, don't click if you don't have reason and calculation. Stop lose is always necessary not only in trading but also in investments. Take your stops and always make the plan available to every situation.

tinopener

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Quote from: mr_ROBOTT on January 14, 2021, 11:41:55 AM

My advice to friends (based on experience)

2.Buy on the floor, but do not wait for correction or fall.

We all need more tips on this one

Topic: Some important tips about the bitcoin market - page 2. (Read 961 times)