Some tips for newcomers to the cryptocurrency market

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: ?? on ??

Help these newcomers know the least of the basics in the terminologies.

One of the basics is emotion but it is very difficult to control even as an experienced trader.
Another is money management, knowing how to invest and how to trade.
Diversification also is important. Buying different coins either to hodl or trade.

joelou

full member

Activity: 207

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Some tips for the new comers Well we all know if we are a newbie we need to study about the rules here and read some articles about cryptocurrency. And you must study the current situation in the market.

Finestream

hero member

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Quote from: Tervelatuk on September 19, 2018, 08:32:36 AM

Quote from: bobo012 on August 24, 2018, 09:11:12 AM

Best advice is do your own research, dont fall into pump and dumps, or worthless altcoins. 95 percent of altcoins are just here to extract bitcoin or in some cases ether. Dont play with more than you can lose, and be strong, as markets are tough.

dump and pump is part from market cycle.we should understand about this.especially reason behind on it.research and observasing could help us to understand how to trade and invest on cryptomarket.it is noe easy for begineer.

Yes.In cryptocurrency market,pumps and dumps are really inevitable.Expect that when there is a pump,dump will sure to follow.Just keep on reading crypto related materials and i'm sure you will understand the nature of crypto and how it works.And start exploring in the bitcointalk forum.It will be a great help for newcomers.

Tervelatuk

member

Activity: 636

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Quote from: bobo012 on August 24, 2018, 09:11:12 AM

Best advice is do your own research, dont fall into pump and dumps, or worthless altcoins. 95 percent of altcoins are just here to extract bitcoin or in some cases ether. Dont play with more than you can lose, and be strong, as markets are tough.

dump and pump is part from market cycle.we should understand about this.especially reason behind on it.research and observasing could help us to understand how to trade and invest on cryptomarket.it is noe easy for begineer.

taiwww

sr. member

Activity: 588

Merit: 257

Quote from: bobo012 on August 24, 2018, 09:11:12 AM

Best advice is do your own research, dont fall into pump and dumps, or worthless altcoins. 95 percent of altcoins are just here to extract bitcoin or in some cases ether. Dont play with more than you can lose, and be strong, as markets are tough.

Yeah, thats the simple play here. Dont get involved in more than few crypto currencies which are not affordable to us to buy and later wait for them to go to new heights so that we can sell them for the profits. Now profit making is the real deal here and if we are not making our way through it then we cant earn enough from it. If you want sustain here then step is to gain control over the coins which are cheap and also having good market status as well. Choosing of the coins is very important as it can give us portfolio that we can choose for long term holding with huge profits along the way.

iv4n

legendary

Activity: 3248

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Quote from: kenlyresuello08 on August 27, 2018, 06:46:54 PM

these are some tips that I think that would help new comers in Bitcoin.
*read the rules and regulations
*ask if you don't know what to do
*spend a little more time on reading other's post
*apply in real life what you've read

"Ask if you don`t know what to do", that is interesting one. But for asking a good question, smart one, you need to know at least some things, do at least a bit research on your own, to get into the matter and like that question you ask will be direct and like that you can get some good answers. Even better is "Spend a little more time on reading other`s posts", I think that people, most of the people here don`t do that at all, they just come and make a comment without reading the topic, they just see headline, wrote their opinion which is in most cases very stupid and shallow, but nobody can`t come to an end of that. Thymos made some new rules, people can check it out in meta section, we will see what will come from that. Good advice`s for sure, I recommend this two more than others, people should start to read more, and asks proper questions.

kenlyresuello08

jr. member

Activity: 74

Merit: 1

these are some tips that I think that would help new comers in Bitcoin.
*read the rules and regulations
*ask if you don't know what to do
*spend a little more time on reading other's post
*apply in real life what you've read

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: lamthanh3462342 on August 23, 2018, 11:41:32 AM

This market is a market that is manipulated. We have miners who verify transactions, have additional insider trading floors, ICOs, pump and dump assemblies, sharks and whales, things they do. is to make a profit for themselves rather than anyone else. With a person you do not know, do you think they can withstand heat? There may be people who are really good but no one can say anything, preferably not one.
Second, the cryptocurrency market is not like the stock market, in cryptocurrency we have cryptography, blockchain technology, market psychology, economics, etc., and many other applications can be applied to the field, So when someone says they are expert in the field of cryptocurrency, get them aside.

Do not react too quickly, never invest on a hype and wait it out, even if you are going to buy something for sure, sleep on it and wait for the next day, if you did your research and know what you are going to buy and you are sure for it and slept on it and the next day you are still interested on that than you can buy it.

Before all of this if you buy on a hype and get the feeling of you are going to become rich you will be sad for a long time. My friends who made the most of crypto world have consistently be the ones who took the smaller gains instead of waiting for the 10x or so returns, they just get that 5% and leave it alone.

jeronimosuykens

member

Activity: 350

Merit: 10

You should first find out through the market. Actually every problem is very simple. But we make it difficult for ourselves. Newcomers should play the pre-market test. Then have experience and start participating in this field. Find out who succeeded and failed. They will give us a really valuable lesson, which is the fastest way to learn.

LyQaN

sr. member

Activity: 588

Merit: 250

My advice for the new comers is that they should never lose their patience.They must invest in capable coins such as BTC,ETH etc and should keep trust on the coin in which they are investing.This market is very unstable.Many fluctuations will be observed in the price.So never ever feel that you will lose your money.Stay positive because the market will recover and you will get gainful investments.

audaciousbeing

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Quote from: lamthanh3462342 on August 23, 2018, 11:41:32 AM

This market is a market that is manipulated. We have miners who verify transactions, have additional insider trading floors, ICOs, pump and dump assemblies, sharks and whales, things they do. is to make a profit for themselves rather than anyone else. With a person you do not know, do you think they can withstand heat? There may be people who are really good but no one can say anything, preferably not one.

When you make statements like this, you are doing more harm than good especially for those who are newcomers into the market as statement underscores the importance of hardworking and compensation for it. Its a known unprovable with undeniable fact that the market is being manipulated by some cabals but people who have no connection to any of them still make some decent earnings from trading and other activities in the crypto space. That's is what should be propagated and not words of discouragement.

Quote from: lamthanh3462342 on August 23, 2018, 11:41:32 AM

Second, the cryptocurrency market is not like the stock market, in cryptocurrency we have cryptography, blockchain technology, market psychology, economics, etc., and many other applications can be applied to the field, So when someone says they are expert in the field of cryptocurrency, get them aside.

The crypto is not like the stock market where people needs some level of education or licence from a professional body to operate in. Here, understanding buying and selling is enough to make a decent returns with some understanding of the workings of the market of course.

finlandais

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As a newcomer one must know all the advantages and disadvantages of coin in which he is investing.Major thing he must be a risk taker.He must have all the knowledge and information regarding coins and only then invest.He should not invest all his amount.As a fresher he must invest some amount out of it and then try to understand what exactly cryptomarket is.He must understand that fluctuations are common in cryptomarket.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: ?? on ??

Stop using that 'the market is being manipulated' as an excuse sometimes cause most people do it. All market are being manipulated by some whale investors for personal gains but you as a minor investor can still seize that opportunity and make your own gains too. The main trick there is to be on alert and know the majors to take. Another thing you should bear in mind is to verify any news before acting on them.

You got it right. There's a bit of manipulation, but the trend plays out regardless. We are in a bear market now and you won't be making as much money as you would in a bull market. You will also have to wait much longer for a significant move. In bull market I used to wake up every day to higher prices. Now it can be 2 or 3 weeks without any move up or down apart from 2% here and there. Somehow nobody is complaining about manipulation when we're going straight up.

Bugcoin5

newbie

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Quote from: lamthanh3462342 on August 23, 2018, 11:41:32 AM

This market is a market that is manipulated. We have miners who verify transactions, have additional insider trading floors, ICOs, pump and dump assemblies, sharks and whales, things they do. is to make a profit for themselves rather than anyone else. With a person you do not know, do you think they can withstand heat? There may be people who are really good but no one can say anything, preferably not one.
Second, the cryptocurrency market is not like the stock market, in cryptocurrency we have cryptography, blockchain technology, market psychology, economics, etc., and many other applications can be applied to the field, So when someone says they are expert in the field of cryptocurrency, get them aside.

The best way to invest is to pick a few Crypto currencies and and hold them for a long time. There's a lot of Crypto currencies to choose but it’s best to choose some that have a lot of support already and have good technology.However,We know that investing in crypto currency is too risky but you should invest only if you think that you can afford to lose.

bobo012

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Best advice is do your own research, dont fall into pump and dumps, or worthless altcoins. 95 percent of altcoins are just here to extract bitcoin or in some cases ether. Dont play with more than you can lose, and be strong, as markets are tough.

The Sceptical Chymist

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Top Crypto Casino

Quote from: lamthanh3462342 on August 23, 2018, 11:41:32 AM

This market is a market that is manipulated.

Any time the market crashes, people cry out that it's manipulated. All markets are "manipulated" to some extent, but usually it's just market forces--buying and selling--in play. Bitcoin is probably more susceptible to actual manipulation IF the person doing the manipulation has enough money to do it. If you compare bitcoin to Apple stock, for example, you'd have to do much less buying or selling to move the price, though it's still a lot. In general, I don't buy it when people claim the market is manipulated. You hear that quite a bit about precious metals, but there hasn't been great evidence that there's been some sort of coordinated effort to suppress prices (or inflate them).

In addition, I'd agree that bitcoin isn't a stock. That should be obvious. But its price does go up and down, very much like a stock price and unlike many currencies. Yes, there is the cryptography and all of that but ultimately its prone to the market forces of supply and demand, just like a stock is. That is independent of the nature of crypto, or of what a stock represents.

laracastvue

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Quote from: Taskford on August 24, 2018, 06:54:59 AM

Invest only what you can afford to lose.
Don't go with the hype.
Acquire some knowledge about cryptocurrencies, when is the good time to buy or not.
Don't believe to people offering some too good to be true profits.
Do some research before investing on icos.

I think these are the basics newbies should learn and from their experiences with it they will learn more.

Yes you should invest if you think that you can afford to lose that kind of amount or invest if you are confident that you will be holding the coin for a very long time.

Taskford

hero member

Activity: 2520

Merit: 783

Invest only what you can afford to lose.
Don't go with the hype.
Acquire some knowledge about cryptocurrencies, when is the good time to buy or not.
Don't believe to people offering some too good to be true profits.
Do some research before investing on icos.

I think these are the basics newbies should learn and from their experiences with it they will learn more.

carlisle1

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Campaign Management?"Hhampuz" is the Man

Quote from: lamthanh3462342 on August 23, 2018, 11:41:32 AM

This market is a market that is manipulated. We have miners who verify transactions, have additional insider trading floors, ICOs, pump and dump assemblies, sharks and whales, things they do. is to make a profit for themselves rather than anyone else. With a person you do not know, do you think they can withstand heat? There may be people who are really good but no one can say anything, preferably not one.
Second, the cryptocurrency market is not like the stock market, in cryptocurrency we have cryptography, blockchain technology, market psychology, economics, etc., and many other applications can be applied to the field, So when someone says they are expert in the field of cryptocurrency, get them aside.

So whats the objective about this thread?to tell us how cruel this cryptocurrency and push away the coming investors?lol stop negativity because if you dont wanna be here you are free to leave and no one cares,but for us being here for how many years this is a normal field but profiteering and you cant take this from us

KorakPawon

member

Activity: 350

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this is all we suspect of the pope and all will think in that direction, because people's predictions must be the same that the pope has a specific purpose with conditions like this which means they also want an abundant profit, now back to us as owners of bitcoin can we survive hold bitcoin? so that the pope fails to achieve his goals, instead we must dare to come out and go with the flow.

Topic: Some tips for newcomers to the cryptocurrency market (Read 355 times)