While I do think most of the basic points here are of value, I think the portion about TA is a bunch of bullshit and isn't going to help anyone in the least. While I did believe in TA at one point, I do think that TA, like many trading strats, is just something which is going to confirm peoples beliefs which they had before. So put simply, it is an echo chamber for people.
So when things are doing good, everyone looks like they know what's going on. But when shit hits the fan, everyone looks like an idiot.
TA may work in some situations, but in TA I don't think it works in the least.
Topic: Starters guide for $CRYPTO Trading (Read 135 times)
BEFORE you start reading, if you want to be a profitable crypto trader, you must be willing to spend considerable hours learning the skills of the trade. NO ONE WILL SPOON FEED YOU. You might join a pump and dump group (might see profits, but not in the long run), or a paid group to teach you the skills (might not fulfill your thirst of knowledge). At the end of the day, there is nothing more satisfactory to learn on your own.
I am mesmerized by the ability of Bitcoin and also crypto-currencies to polarize general public opinion. Most say its a fad, a Ponzi scheme; the rest of us see it as the future of interchanging goods through a digital asset (also many other applications which I will omit).
Profitable Monster: Crypto early Q3 vs. Dotcom Q1
When I decided to actively trade crypto, noticed there is no quick guide to tackle this profitable monster. So I decided to contribute my 2 cents to the crypto cause, and make this “short” guide for noobies, that I think might help newcomers to have a good head start, more than I had when I started. The image to the left always reminds me why is it that I am in crypto.
DISCLAIMER: more than obviously, I do not know it all about crypto, and am very far from knowing it all, BUT in the time I have been trading crypto these 10 points will definitely will help out one way or the other to find those profits in crypto.
Learn basic crypto terminology, so scammers don’t bull shit you. Wallet, ICO, DYOR, FUD, FOMO, SHILL, mining, staking, stacking, POS, POW, master nodes, TA, FA… the list could go forever, but don’t worry, if you invest time in crypto you will learn these fast, and WILL get rewarded for it, eventually.
Learn to do basic Technical Analysis (TA), so you don’t buy the FOMO (Fear Of Missing Out), or sell the FUD (Fear Uncertainty Doubt). You could start with Investopedia or here.
Use common sense when buying a project, if its too good to be truth, might not be that good. Dig deep. Do plenty of Fundamental Analysis (FA) before jumping in. Look for stuff that looks OFF in a project. Check the specs, web, social media. Check here for FA reference.
Investigate the project digital footprint: Twitter, Facebook, Github, Slack, Telegram, bitcointalk.org or their forum, email news letter. When/about what was recent update. What was ICO price vs. current. 99% of all tokens are in Coinmarketcap, if not yet, be wary.
Fiat to crypto? Use Cex.io. Need a credit card to get those first Bitcoins or Ethereums to start trading. Fees there are steep, but I’m confident they wont rip you off (have used it for couple years now), even if their support takes more than 48 hours to respond.
Start crypto trading, get your Bittrex, Cryptopia account. Those two are the ones that I use the most, but there is also Poloniex (shitty support, laggy AF), Kraken (Trading UX is crap), Liqui, Bitfinex, Coinexchange, Novaexchange, and many other. None of them is perfect, but by far Bittrex is the best IMO.
Get TradingView or Coinigy for proper Technical Analysis tools. Once you get comfortable trading you will start getting demanding of how you do your TA, charts in exchanges mostly all of them are really bad.
Always but always get 2FA = Two Factor Authentication in all your accounts = email, exchange, social media, don’t be an easy target.
Get a hardware wallet for your gains: Ledger, Trezor, KeepKey. Keep those Bitcoins/crypto in a safe place. Keeping your crypto in exchanges is NOT a good idea.
Twitter is a good crypto jewel detector, follow the good guys that have been in the game for a while, they USUALLY know best. I might be biased because I have done short interviews to them or have followed them for a while now. These are my top picks:
I am really thankful for the knowledge and experience that you have shared, it can be seen that the market Crytocurrency can bring us huge profits but besides the hat also have many risks if not true. I understand how the market is moving, then we will lose all reproduction at any time. Also market psychology is a very important thing if applied well we can get very much profit from it or minimize the risk of damage to yourself.I am mesmerized by the ability of Bitcoin and also crypto-currencies to polarize general public opinion. Most say its a fad, a Ponzi scheme; the rest of us see it as the future of interchanging goods through a digital asset (also many other applications which I will omit).
Profitable Monster: Crypto early Q3 vs. Dotcom Q1
When I decided to actively trade crypto, noticed there is no quick guide to tackle this profitable monster. So I decided to contribute my 2 cents to the crypto cause, and make this “short” guide for noobies, that I think might help newcomers to have a good head start, more than I had when I started. The image to the left always reminds me why is it that I am in crypto.
DISCLAIMER: more than obviously, I do not know it all about crypto, and am very far from knowing it all, BUT in the time I have been trading crypto these 10 points will definitely will help out one way or the other to find those profits in crypto.
Learn basic crypto terminology, so scammers don’t bull shit you. Wallet, ICO, DYOR, FUD, FOMO, SHILL, mining, staking, stacking, POS, POW, master nodes, TA, FA… the list could go forever, but don’t worry, if you invest time in crypto you will learn these fast, and WILL get rewarded for it, eventually.
Learn to do basic Technical Analysis (TA), so you don’t buy the FOMO (Fear Of Missing Out), or sell the FUD (Fear Uncertainty Doubt). You could start with Investopedia or here.
Use common sense when buying a project, if its too good to be truth, might not be that good. Dig deep. Do plenty of Fundamental Analysis (FA) before jumping in. Look for stuff that looks OFF in a project. Check the specs, web, social media. Check here for FA reference.
Investigate the project digital footprint: Twitter, Facebook, Github, Slack, Telegram, bitcointalk.org or their forum, email news letter. When/about what was recent update. What was ICO price vs. current. 99% of all tokens are in Coinmarketcap, if not yet, be wary.
Fiat to crypto? Use Cex.io. Need a credit card to get those first Bitcoins or Ethereums to start trading. Fees there are steep, but I’m confident they wont rip you off (have used it for couple years now), even if their support takes more than 48 hours to respond.
Start crypto trading, get your Bittrex, Cryptopia account. Those two are the ones that I use the most, but there is also Poloniex (shitty support, laggy AF), Kraken (Trading UX is crap), Liqui, Bitfinex, Coinexchange, Novaexchange, and many other. None of them is perfect, but by far Bittrex is the best IMO.
Get TradingView or Coinigy for proper Technical Analysis tools. Once you get comfortable trading you will start getting demanding of how you do your TA, charts in exchanges mostly all of them are really bad.
Always but always get 2FA = Two Factor Authentication in all your accounts = email, exchange, social media, don’t be an easy target.
Get a hardware wallet for your gains: Ledger, Trezor, KeepKey. Keep those Bitcoins/crypto in a safe place. Keeping your crypto in exchanges is NOT a good idea.
Twitter is a good crypto jewel detector, follow the good guys that have been in the game for a while, they USUALLY know best. I might be biased because I have done short interviews to them or have followed them for a while now. These are my top picks:
Thanks for the useful information you have shared!
we just create a crypto starter kit, feel free to have a look into it:
https://bitcoincashback.net/free-crypto-101-guide.html
https://bitcoincashback.net/free-crypto-101-guide.html
BEFORE you start reading, if you want to be a profitable crypto trader, you must be willing to spend considerable hours learning the skills of the trade. NO ONE WILL SPOON FEED YOU. You might join a pump and dump group (might see profits, but not in the long run), or a paid group to teach you the skills (might not fulfill your thirst of knowledge). At the end of the day, there is nothing more satisfactory to learn on your own.
I am mesmerized by the ability of Bitcoin and also crypto-currencies to polarize general public opinion. Most say its a fad, a Ponzi scheme; the rest of us see it as the future of interchanging goods through a digital asset (also many other applications which I will omit).
Profitable Monster: Crypto early Q3 vs. Dotcom Q1
When I decided to actively trade crypto, noticed there is no quick guide to tackle this profitable monster. So I decided to contribute my 2 cents to the crypto cause, and make this “short” guide for noobies, that I think might help newcomers to have a good head start, more than I had when I started. The image to the left always reminds me why is it that I am in crypto.
DISCLAIMER: more than obviously, I do not know it all about crypto, and am very far from knowing it all, BUT in the time I have been trading crypto these 10 points will definitely will help out one way or the other to find those profits in crypto.
Learn basic crypto terminology, so scammers don’t bull shit you. Wallet, ICO, DYOR, FUD, FOMO, SHILL, mining, staking, stacking, POS, POW, master nodes, TA, FA… the list could go forever, but don’t worry, if you invest time in crypto you will learn these fast, and WILL get rewarded for it, eventually.
Learn to do basic Technical Analysis (TA), so you don’t buy the FOMO (Fear Of Missing Out), or sell the FUD (Fear Uncertainty Doubt). You could start with Investopedia or here.
Use common sense when buying a project, if its too good to be truth, might not be that good. Dig deep. Do plenty of Fundamental Analysis (FA) before jumping in. Look for stuff that looks OFF in a project. Check the specs, web, social media. Check here for FA reference.
Investigate the project digital footprint: Twitter, Facebook, Github, Slack, Telegram, bitcointalk.org or their forum, email news letter. When/about what was recent update. What was ICO price vs. current. 99% of all tokens are in Coinmarketcap, if not yet, be wary.
Fiat to crypto? Use Cex.io. Need a credit card to get those first Bitcoins or Ethereums to start trading. Fees there are steep, but I’m confident they wont rip you off (have used it for couple years now), even if their support takes more than 48 hours to respond.
Start crypto trading, get your Bittrex, Cryptopia account. Those two are the ones that I use the most, but there is also Poloniex (shitty support, laggy AF), Kraken (Trading UX is crap), Liqui, Bitfinex, Coinexchange, Novaexchange, and many other. None of them is perfect, but by far Bittrex is the best IMO.
Get TradingView or Coinigy for proper Technical Analysis tools. Once you get comfortable trading you will start getting demanding of how you do your TA, charts in exchanges mostly all of them are really bad.
Always but always get 2FA = Two Factor Authentication in all your accounts = email, exchange, social media, don’t be an easy target.
Get a hardware wallet for your gains: Ledger, Trezor, KeepKey. Keep those Bitcoins/crypto in a safe place. Keeping your crypto in exchanges is NOT a good idea.
Twitter is a good crypto jewel detector, follow the good guys that have been in the game for a while, they USUALLY know best. I might be biased because I have done short interviews to them or have followed them for a while now. These are my top picks:
I am mesmerized by the ability of Bitcoin and also crypto-currencies to polarize general public opinion. Most say its a fad, a Ponzi scheme; the rest of us see it as the future of interchanging goods through a digital asset (also many other applications which I will omit).
Profitable Monster: Crypto early Q3 vs. Dotcom Q1
When I decided to actively trade crypto, noticed there is no quick guide to tackle this profitable monster. So I decided to contribute my 2 cents to the crypto cause, and make this “short” guide for noobies, that I think might help newcomers to have a good head start, more than I had when I started. The image to the left always reminds me why is it that I am in crypto.
DISCLAIMER: more than obviously, I do not know it all about crypto, and am very far from knowing it all, BUT in the time I have been trading crypto these 10 points will definitely will help out one way or the other to find those profits in crypto.
Learn basic crypto terminology, so scammers don’t bull shit you. Wallet, ICO, DYOR, FUD, FOMO, SHILL, mining, staking, stacking, POS, POW, master nodes, TA, FA… the list could go forever, but don’t worry, if you invest time in crypto you will learn these fast, and WILL get rewarded for it, eventually.
Learn to do basic Technical Analysis (TA), so you don’t buy the FOMO (Fear Of Missing Out), or sell the FUD (Fear Uncertainty Doubt). You could start with Investopedia or here.
Use common sense when buying a project, if its too good to be truth, might not be that good. Dig deep. Do plenty of Fundamental Analysis (FA) before jumping in. Look for stuff that looks OFF in a project. Check the specs, web, social media. Check here for FA reference.
Investigate the project digital footprint: Twitter, Facebook, Github, Slack, Telegram, bitcointalk.org or their forum, email news letter. When/about what was recent update. What was ICO price vs. current. 99% of all tokens are in Coinmarketcap, if not yet, be wary.
Fiat to crypto? Use Cex.io. Need a credit card to get those first Bitcoins or Ethereums to start trading. Fees there are steep, but I’m confident they wont rip you off (have used it for couple years now), even if their support takes more than 48 hours to respond.
Start crypto trading, get your Bittrex, Cryptopia account. Those two are the ones that I use the most, but there is also Poloniex (shitty support, laggy AF), Kraken (Trading UX is crap), Liqui, Bitfinex, Coinexchange, Novaexchange, and many other. None of them is perfect, but by far Bittrex is the best IMO.
Get TradingView or Coinigy for proper Technical Analysis tools. Once you get comfortable trading you will start getting demanding of how you do your TA, charts in exchanges mostly all of them are really bad.
Always but always get 2FA = Two Factor Authentication in all your accounts = email, exchange, social media, don’t be an easy target.
Get a hardware wallet for your gains: Ledger, Trezor, KeepKey. Keep those Bitcoins/crypto in a safe place. Keeping your crypto in exchanges is NOT a good idea.
Twitter is a good crypto jewel detector, follow the good guys that have been in the game for a while, they USUALLY know best. I might be biased because I have done short interviews to them or have followed them for a while now. These are my top picks:
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