Do you want to know tips only about properties of bitcoin or facts about trading, investing, general tips are fine too?
Some general trading/investing pieces of advice:
1. After buying Bitcoins make sure to move them into your own personal wallet and never leave them at the exchange.
2. Never invest more than you are able to lose – Bitcoin is a very risky investment, in the end, you will probably earn more, that you invested, but better to be safe.
3. Avoid investing in cloud mining most of these companies are complete scams that will run away with your money and don't actually use it to mine Bitcoin.
4. Stay away from sites that claim they will double your bitcoins and/or give you daily interest on them.
While it does hold true that this market is architectually different than any other market, the same fundamental principals behind this and every market are still at play. People.
If you can understand order flow analysis, coupled with sound technical analysis and don't turn into a prima donna every time a candle goes against you, you can and will make lots of money day trading using technical analysis.
In fact, I have found this market far easier to predict using just trendlines and fibs than forex. Which I use to trade professionally for 2 years.
That being said, if youre a newb, stick with long term analysis, because you can almost guarantee success. Day trading takes years of experience, turmoil, anguish, pain and the right mentors before you start to see success.
