That number four should even be there as the number one, they should always have it in to do research, because research is very important in anything we are doing. It’s not good to be believing anything you see, some of them can even be scam, and you’re not going to know this if you don’t do research and look for reviews, so this is an important thing for anyone to do.
The next thing is knowing when to take your profit, a lot of people don’t know when to take their profit , they don’t know what’s enough for them and because of that they become greedy and are not satisfied, they are waiting for Bitcoin to reach one million dollars before they will start selling, which they don’t see.
Topic: 🌟 Top 5 tips for Crypto Noobs 🌟 Getting Started 🌟 (Read 101 times)
5. Know when to take your profits.
Set yourself a point at which you are happy to take the profits of your spoils. Don’t, like so many others out there, expect your investment to 100x overnight. Set your own standards as to when you will sell, because crypto is a volatile game and large swings can happen almost instantaneously. Better to get out at 50% of profit rather than wait for 100% and instead see your investment plummet before you took out your money. One of the best ways to do this is by selling 50% when any coin doubles. This way you will have your principal amount safe.
Holding is basic of being profitable in the crypto world. Patience is the obligated characteristic if you want to be rich in this field. I have seen many investors holding their coin for many months to finally earn a big interest from 10x to 100xSet yourself a point at which you are happy to take the profits of your spoils. Don’t, like so many others out there, expect your investment to 100x overnight. Set your own standards as to when you will sell, because crypto is a volatile game and large swings can happen almost instantaneously. Better to get out at 50% of profit rather than wait for 100% and instead see your investment plummet before you took out your money. One of the best ways to do this is by selling 50% when any coin doubles. This way you will have your principal amount safe.
You can not be rich after a night. Only hard work, and lots of efforts create millionaires
1. Storage of private Keys
Always, always, ALWAYS make a note of your private key. This is the key to your money, it is yours and no one can get access to it, like a combination to your own personal safe. Write it down, print it out, and store it somewhere only you know. If you forget the passwords to your wallet, this is your only backstop so LOOK AFTER It!
2. Choose the right exchange.
There are a lot of exchanges out there to choose from, each with their own benefit, each also with their own flaws. You can see recommendations of each on any number of google searches. The best exchanges are ones which are current and proven, ones which are sworn by leading crypto enthusiasts. Do your own research and choose which is the best for you.
"One of the leading and safer exchange today is Binance"
3. Store your crypto in a cold storage wallet.
Some people choose to keep their money on an exchange, which is fine if you are constantly trading. If not, there is no sense in keeping it on there. Would you leave your wallet on the table at a restaurant when you go to the toilet? No. So take your money back into your control and store it in a paper wallet, or ledger until you are ready to use it again. Many exchanges have been hacked, and all the crypto from peoples wallets stolen, don’t let this be you.
4. Do your own research!
This one is extremely important. Whilst it is good to listen to top crypto influencers and enthusiasts to gain knowledge on what is happening in the market and what investments are out there, DO NOT TAKE THEIR RECOMMENDATIONS AS VERBATUM. They, like you, are speculators and have no idea what the performance of the advertised cryptocurrency will be. Take their suggestions, look into the cryptocurrency, do some research on the fundamentals, then make your decision.
5. Know when to take your profits.
Set yourself a point at which you are happy to take the profits of your spoils. Don’t, like so many others out there, expect your investment to 100x overnight. Set your own standards as to when you will sell, because crypto is a volatile game and large swings can happen almost instantaneously. Better to get out at 50% of profit rather than wait for 100% and instead see your investment plummet before you took out your money. One of the best ways to do this is by selling 50% when any coin doubles. This way you will have your principal amount safe.
For noob and getting started? lol this advise applied to everyone of us here in crypto market, because every single details is very important and must be reminded for everyone each time.Always, always, ALWAYS make a note of your private key. This is the key to your money, it is yours and no one can get access to it, like a combination to your own personal safe. Write it down, print it out, and store it somewhere only you know. If you forget the passwords to your wallet, this is your only backstop so LOOK AFTER It!
2. Choose the right exchange.
There are a lot of exchanges out there to choose from, each with their own benefit, each also with their own flaws. You can see recommendations of each on any number of google searches. The best exchanges are ones which are current and proven, ones which are sworn by leading crypto enthusiasts. Do your own research and choose which is the best for you.
"One of the leading and safer exchange today is Binance"
3. Store your crypto in a cold storage wallet.
Some people choose to keep their money on an exchange, which is fine if you are constantly trading. If not, there is no sense in keeping it on there. Would you leave your wallet on the table at a restaurant when you go to the toilet? No. So take your money back into your control and store it in a paper wallet, or ledger until you are ready to use it again. Many exchanges have been hacked, and all the crypto from peoples wallets stolen, don’t let this be you.
4. Do your own research!
This one is extremely important. Whilst it is good to listen to top crypto influencers and enthusiasts to gain knowledge on what is happening in the market and what investments are out there, DO NOT TAKE THEIR RECOMMENDATIONS AS VERBATUM. They, like you, are speculators and have no idea what the performance of the advertised cryptocurrency will be. Take their suggestions, look into the cryptocurrency, do some research on the fundamentals, then make your decision.
5. Know when to take your profits.
Set yourself a point at which you are happy to take the profits of your spoils. Don’t, like so many others out there, expect your investment to 100x overnight. Set your own standards as to when you will sell, because crypto is a volatile game and large swings can happen almost instantaneously. Better to get out at 50% of profit rather than wait for 100% and instead see your investment plummet before you took out your money. One of the best ways to do this is by selling 50% when any coin doubles. This way you will have your principal amount safe.
because time of greediness comes and many of us forget about those detailed advises and just following their desires that ended up becoming a loser.
If you want to succeed and learn to act like one and not just purely greed that will you use.
While it is good to put our crypto in cold storage without worrying it might be steal by the hackers just like in an crypto exchange, it is better to choose a reputable storage like Ledger Nano X, etc.
On the other hand, we should know who we should listen to in terms of hyping particular's coin. Some are just trolling to make a trap on buying it or selling but what's significant is not to fall for any misleading trend by always use technical analysis.
On the other hand, we should know who we should listen to in terms of hyping particular's coin. Some are just trolling to make a trap on buying it or selling but what's significant is not to fall for any misleading trend by always use technical analysis.
Those things that have mentioned by the OP are a MUST. Not only for a noob, for newcomers but this applied to everyone who is in trading. It is not a hard thing to do, right? It is very simple and I don't know why some people have sometimes skip saving their keys. Even choosing the coins for trading is not so hard. The one reason that causes this one is being LAZY. If we are going to change this attitude, I believe it leads to success.
About taking profits.
In my experience, you sell when you're happy that you're about to sell and you have already the place and allocation of your profit so that you won't feel any guilt that you've sold.
And even if there's a rush increase to the price of the token that you've sold, you've already put that into use and there's no regret and feeling sorry for that decision.
Also, don't be too greedy.
In my experience, you sell when you're happy that you're about to sell and you have already the place and allocation of your profit so that you won't feel any guilt that you've sold.
And even if there's a rush increase to the price of the token that you've sold, you've already put that into use and there's no regret and feeling sorry for that decision.
Also, don't be too greedy.
Those tips are not only for noobs here but even long time users need to be reminded by those simple things. And once you sold your coins, don't look back and regret what you should have done. I bet, a lot of us here are guilty of that from time to time. But anyway, we are learning each day here even if we have been for years in crypto. New projects come and go, new hype, new exchanges, but we need to stick to the basics. Better store your coins in your own wallet, where you have full control with your funds.
They have the experience but still can't control their emotions to take profit and hopes for a higher price to beat their expectation. But at the end, their expectation falls and goes badly because they lose instead of profiting.
As long as you are doing it correctly, you make profit and you're happy, that's all you need to do. Rebuy if you think that there will be another increase but do it during the dips.
tips that are difficult to apply for beginners or old traders. this is a standard rule and a benchmark in securing assets and managing crypto. the tip that you are trying to give as a reminder that the points above apply to all of us as traders and investors.
You Shared some very good topic about Crypto Trading or for investment and i see that this topic will more helpful for all Crypto lover. Your all topic is very important for us but i think you need to add some more Topic on this time.
Need patients for Investment and Trading and Don’t buy any token for FOMO signal.
Need patients for Investment and Trading and Don’t buy any token for FOMO signal.
About taking profits.
In my experience, you sell when you're happy that you're about to sell and you have already the place and allocation of your profit so that you won't feel any guilt that you've sold.
And even if there's a rush increase to the price of the token that you've sold, you've already put that into use and there's no regret and feeling sorry for that decision.
Also, don't be too greedy.
In my experience, you sell when you're happy that you're about to sell and you have already the place and allocation of your profit so that you won't feel any guilt that you've sold.
And even if there's a rush increase to the price of the token that you've sold, you've already put that into use and there's no regret and feeling sorry for that decision.
Also, don't be too greedy.
Those tips are not only for noobs here but even long time users need to be reminded by those simple things. And once you sold your coins, don't look back and regret what you should have done. I bet, a lot of us here are guilty of that from time to time. But anyway, we are learning each day here even if we have been for years in crypto. New projects come and go, new hype, new exchanges, but we need to stick to the basics. Better store your coins in your own wallet, where you have full control with your funds.
About taking profits.
In my experience, you sell when you're happy that you're about to sell and you have already the place and allocation of your profit so that you won't feel any guilt that you've sold.
And even if there's a rush increase to the price of the token that you've sold, you've already put that into use and there's no regret and feeling sorry for that decision.
Also, don't be too greedy.
In my experience, you sell when you're happy that you're about to sell and you have already the place and allocation of your profit so that you won't feel any guilt that you've sold.
And even if there's a rush increase to the price of the token that you've sold, you've already put that into use and there's no regret and feeling sorry for that decision.
Also, don't be too greedy.
1. Storage of private Keys
Always, always, ALWAYS make a note of your private key. This is the key to your money, it is yours and no one can get access to it, like a combination to your own personal safe. Write it down, print it out, and store it somewhere only you know. If you forget the passwords to your wallet, this is your only backstop so LOOK AFTER It!
2. Choose the right exchange.
There are a lot of exchanges out there to choose from, each with their own benefit, each also with their own flaws. You can see recommendations of each on any number of google searches. The best exchanges are ones which are current and proven, ones which are sworn by leading crypto enthusiasts. Do your own research and choose which is the best for you.
"One of the leading and safer exchange today is Binance"
3. Store your crypto in a cold storage wallet.
Some people choose to keep their money on an exchange, which is fine if you are constantly trading. If not, there is no sense in keeping it on there. Would you leave your wallet on the table at a restaurant when you go to the toilet? No. So take your money back into your control and store it in a paper wallet, or ledger until you are ready to use it again. Many exchanges have been hacked, and all the crypto from peoples wallets stolen, don’t let this be you.
4. Do your own research!
This one is extremely important. Whilst it is good to listen to top crypto influencers and enthusiasts to gain knowledge on what is happening in the market and what investments are out there, DO NOT TAKE THEIR RECOMMENDATIONS AS VERBATUM. They, like you, are speculators and have no idea what the performance of the advertised cryptocurrency will be. Take their suggestions, look into the cryptocurrency, do some research on the fundamentals, then make your decision.
5. Know when to take your profits.
Set yourself a point at which you are happy to take the profits of your spoils. Don’t, like so many others out there, expect your investment to 100x overnight. Set your own standards as to when you will sell, because crypto is a volatile game and large swings can happen almost instantaneously. Better to get out at 50% of profit rather than wait for 100% and instead see your investment plummet before you took out your money. One of the best ways to do this is by selling 50% when any coin doubles. This way you will have your principal amount safe.
Always, always, ALWAYS make a note of your private key. This is the key to your money, it is yours and no one can get access to it, like a combination to your own personal safe. Write it down, print it out, and store it somewhere only you know. If you forget the passwords to your wallet, this is your only backstop so LOOK AFTER It!
2. Choose the right exchange.
There are a lot of exchanges out there to choose from, each with their own benefit, each also with their own flaws. You can see recommendations of each on any number of google searches. The best exchanges are ones which are current and proven, ones which are sworn by leading crypto enthusiasts. Do your own research and choose which is the best for you.
"One of the leading and safer exchange today is Binance"
3. Store your crypto in a cold storage wallet.
Some people choose to keep their money on an exchange, which is fine if you are constantly trading. If not, there is no sense in keeping it on there. Would you leave your wallet on the table at a restaurant when you go to the toilet? No. So take your money back into your control and store it in a paper wallet, or ledger until you are ready to use it again. Many exchanges have been hacked, and all the crypto from peoples wallets stolen, don’t let this be you.
4. Do your own research!
This one is extremely important. Whilst it is good to listen to top crypto influencers and enthusiasts to gain knowledge on what is happening in the market and what investments are out there, DO NOT TAKE THEIR RECOMMENDATIONS AS VERBATUM. They, like you, are speculators and have no idea what the performance of the advertised cryptocurrency will be. Take their suggestions, look into the cryptocurrency, do some research on the fundamentals, then make your decision.
5. Know when to take your profits.
Set yourself a point at which you are happy to take the profits of your spoils. Don’t, like so many others out there, expect your investment to 100x overnight. Set your own standards as to when you will sell, because crypto is a volatile game and large swings can happen almost instantaneously. Better to get out at 50% of profit rather than wait for 100% and instead see your investment plummet before you took out your money. One of the best ways to do this is by selling 50% when any coin doubles. This way you will have your principal amount safe.
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