Well, after you start in the field you must learn how to control yourself because rashness in one of the most issue that leads to significant financial losses in investment. Furthermore, if you are impatient, then I advice to stay aways for this field, because you will not succeed in this area, and regrettably, I see many investors has this problem. And the most important thing is how to deal with all situations ( pump, dump..) with an appropriate choice.
In addition to that, psychological problems are widespread in many people and always lead to bad consequences, so you must overcome your internal conflicts, and you should help yourself with yourself, just learn and understand the basics of crypto and how to analyse the market in every situation and then help yourself, and trust me, no one in your place.
Topic: What is the best advice for anyone investing in cryptocurrency? (Read 558 times)
I think the best advice for a newbie in crypto are:
1) Don't invest money which you can't afford to lose.
2) Do you own research
3) Read this forum
4) Don't panic.
1) Don't invest money which you can't afford to lose.
2) Do you own research
3) Read this forum
4) Don't panic.
As the old sayings go "don't invest what you can't afford to lose". Aside from that, you should do critical analysis and a thorough search before considering to invest in a particular coin. It might sometimes be necessary to take a risk.
You should always study the information on the cryptocurrency, chat on the forum, to learn new trends in cryptocurrency. It's like a new profession.
If there is interested in investing of his money into any of the crypto currency, then the first and the foremost thing which he needs to do is that he to sit back and study all the necessary things which he should know before even stepping into the world of the crypto currency. After that, he needs to make the right choice of the coin and then he needs to put in his best to make the right thing happen at the right time. 10 quick points I can think of:
1. Understand the entire market, existing projects etc
2. Don't follow hype, always trust your judgement on a project rather than some one elses
3. Always research the team, roadmap and claims being made
4. Don't get greedy, lots of decent increases are much more achievable than high optimism for 10x on 1 coin
5. Understand support levels, buying at a low gives you a lot more safety than buying mid pump
6. Learn some basic TA, if a coin appears over bought it usually is, if a coin is holding stable and under bought it's a safer bet
7. Follow the news on a project but be careful, many buy at signs of news and sell on or prior to the day of an event
8. Watch out for Bitcoin corrections, alts always follow, I prefer to sell back to BTC and buy at the dip when this happens
9. Always focus on SAT value over dollar value, if BTC pumps 10% and your SAT value goes down 5%, dollar value will still appear as profit, goal is to increase BTC holdings through increased SAT gains
10. Be realistic and understand price in relation to market cap and circulating supply, huge supply with a huge cap can appear "cheap" while a coin with a smaller supply and a low cap can appear more expensive, the market cap is your better indicator of room for growth.
This pretty much sums up what we need before investing in cryptocurrencies and I would add patience to the list because without it we can lose lots of money because fud seems to outweigh good news.1. Understand the entire market, existing projects etc
2. Don't follow hype, always trust your judgement on a project rather than some one elses
3. Always research the team, roadmap and claims being made
4. Don't get greedy, lots of decent increases are much more achievable than high optimism for 10x on 1 coin
5. Understand support levels, buying at a low gives you a lot more safety than buying mid pump
6. Learn some basic TA, if a coin appears over bought it usually is, if a coin is holding stable and under bought it's a safer bet
7. Follow the news on a project but be careful, many buy at signs of news and sell on or prior to the day of an event
8. Watch out for Bitcoin corrections, alts always follow, I prefer to sell back to BTC and buy at the dip when this happens
9. Always focus on SAT value over dollar value, if BTC pumps 10% and your SAT value goes down 5%, dollar value will still appear as profit, goal is to increase BTC holdings through increased SAT gains
10. Be realistic and understand price in relation to market cap and circulating supply, huge supply with a huge cap can appear "cheap" while a coin with a smaller supply and a low cap can appear more expensive, the market cap is your better indicator of room for growth.
And of course do not invest more than what you are willing to lose.
The best way to start imo is to take some spare cash and get some BTC and ETH anytime you consider a good entry based on your own strategies. While holding these coins you should research some of the top 50 coins and expand your portfolio if you have more fiat to invest. Basically holding BTC and ETH gives you enough leverage to buy into other coins
First of all, the price should not be too heavy, quick stop loss, good profit.
Don't be too greedy if you already understand the results that can be obtained in the crypto. but before getting into it just to understand the fluctuations that exist within the crypto so as not to be surprised if will invest in crypto. This is important because of a lot of new people who complain when they entered the last crypto sizable losses when the prices come down.
My advice to you is that you should not just jump into the cryptocurrencies investments without the idea of the risk and reward nature of bitcoin and others cryptocurrencies. The market is highly volatile and you have to know that without adequate knowledge you cannot trade it profitabily.
Before investing in any crypto, do some research about the coin and the project first. If you really believe it, then invest. Also, do not invest all of your money in it, just invest what you can afford.
A very few things to note. Always DYOR, take calculated risks, have an open mind, expect the worst from crypto volatility, don't put all your eggs in one basket, have at least 40% of your portfolio spread across the top 20 coins by CMC. And learn how to improve your portfolio value consistently.
Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
my advise if you are unexpert in trade so do not trade with high amount. first you invest lowest amount in market for trade if you want investment in market so first read about the project if the project developers are interested in increase the value of coin then invest in these coin without tension. don't be greedy for highest profit if you know you are in profit so then sell your coins on profit and don't invest all you capital in one coin some of percentage should invest in other coins.
You should start with one coin or a few. A little money too. You follow everything related to the coin, the news, the trends, you learn how everything works, what are the reason the price of your coin goes up or down. After some time, you can expend the number of coins and amount of money.
Always start low and never invest something you can't afford losing.
Always start low and never invest something you can't afford losing.
In my opinion, every trader should make their own strategy on trading. Also, I think it is really important to not trading with big amounts, because of the volatility.
Above it was said in various posts.
My view of this is this:
understand that this is a game in a very volatile market;
learn yourself and not look for ready-made advice on what to buy;
buy only what you clearly understand.
My view of this is this:
understand that this is a game in a very volatile market;
learn yourself and not look for ready-made advice on what to buy;
buy only what you clearly understand.
You have to start with a small amount, trade for 2 months, make a lot of mistakes and then you can start to increase the amount.
Trading is not a good advice for anyone investing in cryptocurrency. I suggest you should choose a good coin and start holding it. Holding is the best way for anyone who first join the cryptocurrency world without any knowledge or information Once they get confidence then they can start trading but the initial stage every one will make mistakes it's common, try to not repeat that same mistake again then you will become a good trader.
You have to start with a small amount, trade for 2 months, make a lot of mistakes and then you can start to increase the amount.
Trading is not a good advice for anyone investing in cryptocurrency. I suggest you should choose a good coin and start holding it. Holding is the best way for anyone who first join the cryptocurrency world without any knowledge or information Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
All right, this seems to be very broad. I guess you will have to start somewhere basic. You need to know the real idea and philosophy behind cryptocurrency. You need to read informative materials or watch videos about cryptocurrency and understand their contents. When you have done enough of this, you can easily start investing on it. Everything will go smoothly from that point onward.
First rule, don't panic. Everything you may read in the web can be real or not but it's better not to trust those negative news and don't get overhype with positive news. It's better to remain calm and neutral all the time.
Before investing to different coins, research it and invest with due diligence. It's not like after you buy those coins, you'll become rich instantly, no!
Before investing to different coins, research it and invest with due diligence. It's not like after you buy those coins, you'll become rich instantly, no!
You have to start with a small amount, trade for 2 months, make a lot of mistakes and then you can start to increase the amount.
The best advice for a crypto money market is that you should not invest in a crypto money without doing enough research. The ups and downs in the market will surely be. Another important point is that you have to enter the market from the right place for investment. It will not be a good move to invest in a crypto dollar that has won the Ascension and has been pumped.
The tips are the same as with any finances. We need to study, analyze, and read a lot of news in this area. Do not trust bloggers and reviewers, trust only yourself.
Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
1. Do not expect a huge profit. Cryptocurrency is unpredictable so the lower you expect, the less pain you'll feel if you lost.
2. Do not go all in. Due to unpredictability, going all in is a suicide attempt.
3. Read and research. Do not get victimize by scams and FUDs. Believe in facts, not in opinions.
4. Do not invest unless you are very sure about that coin or token.
5. Don't be stupid.
well i do not agree with some of this;
1.As an Investor i am expecting a huge sum of profit because i am investing my money into a long term unlike trader(investing and trading are different)
4.Do not invest if you can not afford to lose it,many project who has an existing product turned scam,right ? so even if you are sure about it,always know your bottom line.
5.Nobody stupid i believe but instead be smart and do not be lazy.
in conclusion,
if you want to start your journey in cryptosphere the first thing that you need to know is your bottom line,how much you can afford to lose and how can you recover it if you are losing it.
doing a research is your way to start it and never believe what other people says until you find it out by yourself.
I have counter argument on your arguments.
1. It is wrong to expect high profit when you are just starting. This mindset might lead to catastrophic loss. Yes it is wonderful to have a huge sum of profit when you invest, however, waiting too much could lead to a loss of opportunity. Set a target bracket of profit. Do not be greedy.
4. Yes, do not invest money if you cannot afford to lose that amount of money. I should've added this above but it seems it skipped my mind. I believe that this is backed by #2 and #3.
5. Oh c'mon. There are stupid people when it comes to money investment. That's why there are people whining about their loss when in fact it is mostly their fault.
1. If you want to do it yourself - you have to make "your mistakes"
2. Be patient
3. Make order with the amount you don't afraid to lose. Completely. To "0"
4. Following news, conversations, forums, insights
5. And start to study technical part of crypto
2. Be patient
3. Make order with the amount you don't afraid to lose. Completely. To "0"
4. Following news, conversations, forums, insights
5. And start to study technical part of crypto
Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
Do not be afraid of risks and various messages, but follow your strategy and cleverly act in the most difficult situations. And for your work will necessarily come a good profit. Great returns / profit comes with great risk and cryptocurrency is a very high risk investment. The risk but the risk can still be mitigated and reduce if you research and study before making any decision. The volatility if the market makes it very susceptible to price and market manipulation. Soo always research and ask questions before making any decision. Do not fall for scams such as Pump n Dump. And always ensure to invest in money that you are willing to lose. Do not put all your life savings in it.
I really believe to gain profit you need to do risky thing to gain more. But here in Bitcoin it is really all worth it. You need also a courageous heart in order to survive the ups and downs of price. It is normal that we experience this because we're talking about currency. Learn how to hold coins during those drops to gain more in the end. Never panic and be optimistic.
Great returns / profit comes with great risk and cryptocurrency is a very high risk investment. The risk but the risk can still be mitigated and reduce if you research and study before making any decision. The volatility if the market makes it very susceptible to price and market manipulation. Soo always research and ask questions before making any decision. Do not fall for scams such as Pump n Dump. And always ensure to invest in money that you are willing to lose. Do not put all your life savings in it.
There is a lot of advice here in this topic and in the forum in general, but the best advice I can write here is do not get too attached to gains and losses where we know that in the end there is a correction or appreciation. I can not remember where I read a comment here in the forum but he mentions the following: Year after year crypto will always grow and value.
Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
learn deep about how the cryptocurrency work
and the tech behind this crypto that called blockchain,
so, the newcomers know the basic knowledge of cryptocurrency
Well, i have seeing different opinions by so many people here already and the only thing you need do is to compare different opinions here with the one you have studied so far and make your decision on what to do and what not to do.
Best advice for anyone who intends to join the crypto family is to study a lot about the technologies. Having good understanding about the crypto is the first eligibility. One needs to have market knowledge and being in touch with someone who is already in the market will be more than good for they can give you good exposure and reliable information about how to trade. Patience when the market is red. Having basic knowledge about of economics and finance for successful trading. Initially one should just get a glimpse of the market by which I mean one should not invest all his savings in the start. 
The best solution is to combine profit and knowledge into one thing. If you are newbie you should start to increase your rank to minimum jr. member because it is required to attach to any bounty campaign where you can get money and big knowledge
10 quick points I can think of:
1. Understand the entire market, existing projects etc
2. Don't follow hype, always trust your judgement on a project rather than some one elses
3. Always research the team, roadmap and claims being made
4. Don't get greedy, lots of decent increases are much more achievable than high optimism for 10x on 1 coin
5. Understand support levels, buying at a low gives you a lot more safety than buying mid pump
6. Learn some basic TA, if a coin appears over bought it usually is, if a coin is holding stable and under bought it's a safer bet
7. Follow the news on a project but be careful, many buy at signs of news and sell on or prior to the day of an event
8. Watch out for Bitcoin corrections, alts always follow, I prefer to sell back to BTC and buy at the dip when this happens
9. Always focus on SAT value over dollar value, if BTC pumps 10% and your SAT value goes down 5%, dollar value will still appear as profit, goal is to increase BTC holdings through increased SAT gains
10. Be realistic and understand price in relation to market cap and circulating supply, huge supply with a huge cap can appear "cheap" while a coin with a smaller supply and a low cap can appear more expensive, the market cap is your better indicator of room for growth.
1. Understand the entire market, existing projects etc
2. Don't follow hype, always trust your judgement on a project rather than some one elses
3. Always research the team, roadmap and claims being made
4. Don't get greedy, lots of decent increases are much more achievable than high optimism for 10x on 1 coin
5. Understand support levels, buying at a low gives you a lot more safety than buying mid pump
6. Learn some basic TA, if a coin appears over bought it usually is, if a coin is holding stable and under bought it's a safer bet
7. Follow the news on a project but be careful, many buy at signs of news and sell on or prior to the day of an event
8. Watch out for Bitcoin corrections, alts always follow, I prefer to sell back to BTC and buy at the dip when this happens
9. Always focus on SAT value over dollar value, if BTC pumps 10% and your SAT value goes down 5%, dollar value will still appear as profit, goal is to increase BTC holdings through increased SAT gains
10. Be realistic and understand price in relation to market cap and circulating supply, huge supply with a huge cap can appear "cheap" while a coin with a smaller supply and a low cap can appear more expensive, the market cap is your better indicator of room for growth.
Great overview.
on the point.
thats why i love this forum so much!!
Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
Most important advice is to keep your coins safe, by securing well your private key. If your coins get stolen it doesn't matter how good research and investment you did.
Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
The best advice for the beginners who are investing here in this crypto market is that always do proper research before analyzing and coming to the point. I would also like to add that here in this crypto market everyone can make money but for that, you need to practice harder and you need to understand and apply the pro trading skills in your Methodology. I personally practice the trading for 2 years before going for live trading and after that, I came to live trading world.
firstly, learn about technical and fundamental analysis
so, you can buy any cryptocurrency with your own predictions
when to buy and when to sell
so, you can buy any cryptocurrency with your own predictions
when to buy and when to sell
I think the best advice I can tell is (don't follow anyone, research and read and decide all by yourself). It is a massive market and still immature, it's better to learn it all by yourself (with the help of reading others content) by when it comes to buy/sell follow your guts.
Always follow the news and hype. Study and consult before buying coins, investing in a specific project. The crypto market is not like the securities market, it has its own characteristics.
SECURITY!!!
Even if you make millions of $$$$...if it is stolen, it means nothing.
Use a strong password,
use 2FA (two factor authentication),
only deal with respected exchanges,
use a hardware wallet.
Store your passwords, 2FA and wallet keys in a safe place. Never share them and never keep them in your computer.
Good luck!
Even if you make millions of $$$$...if it is stolen, it means nothing.
Use a strong password,
use 2FA (two factor authentication),
only deal with respected exchanges,
use a hardware wallet.
Store your passwords, 2FA and wallet keys in a safe place. Never share them and never keep them in your computer.
Good luck!
Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
1. Do not expect a huge profit. Cryptocurrency is unpredictable so the lower you expect, the less pain you'll feel if you lost.
2. Do not go all in. Due to unpredictability, going all in is a suicide attempt.
3. Read and research. Do not get victimize by scams and FUDs. Believe in facts, not in opinions.
4. Do not invest unless you are very sure about that coin or token.
5. Don't be stupid.
well i do not agree with some of this;
1.As an Investor i am expecting a huge sum of profit because i am investing my money into a long term unlike trader(investing and trading are different)
4.Do not invest if you can not afford to lose it,many project who has an existing product turned scam,right ? so even if you are sure about it,always know your bottom line.
5.Nobody stupid i believe but instead be smart and do not be lazy.
in conclusion,
if you want to start your journey in cryptosphere the first thing that you need to know is your bottom line,how much you can afford to lose and how can you recover it if you are losing it.
doing a research is your way to start it and never believe what other people says until you find it out by yourself.
Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
1. Do not expect a huge profit. Cryptocurrency is unpredictable so the lower you expect, the less pain you'll feel if you lost.
2. Do not go all in. Due to unpredictability, going all in is a suicide attempt.
3. Read and research. Do not get victimize by scams and FUDs. Believe in facts, not in opinions.
4. Do not invest unless you are very sure about that coin or token.
5. Don't be stupid.
Well, i have seeing different opinions by so many people here already and the only thing you need do is to compare different opinions here with the one you have studied so far and make your decision on what to do and what not to do.
Many coins created now, and it all can be a good to invest to get more benefits, but everything to lose because now the entire market pagatan and acts not very ravnomerno.
the best advise for investing in crypto is trust nobody!
if you want to invest in short to middle term trading and investing on ICO should be good suggestion for you, just make some deep study related to which altcoin or ICO you want to invest, following every update from developers and in case you trade with altcoin see the trend from last 2 years annually, monthly and daily trends.
but if you have enough spare money to invest i would refer for holding potential altcoin and promising ICO for long term investment. believe me, it will shock you after 1 until 2 years of hold
if you want to invest in short to middle term trading and investing on ICO should be good suggestion for you, just make some deep study related to which altcoin or ICO you want to invest, following every update from developers and in case you trade with altcoin see the trend from last 2 years annually, monthly and daily trends.
but if you have enough spare money to invest i would refer for holding potential altcoin and promising ICO for long term investment. believe me, it will shock you after 1 until 2 years of hold
Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
do not get caught up with FOMO, if the price has gone up high, release it, find another coin or wait until the price drops back in the bottom position, always to avoid invest when the coin in the top position
You should be very alerted and patient. I saw many people losing dollars like shit in just couple of weeks. They did terrible trades and terrible buy-sell orders at wrong times. You should never do it.
The most important factor in helping investors who are new in the world of crypto currency is to do his own research and understand how the system works. They must be aware of the risks involved due to the volatility in the market. Visualization of their goals and having the discipline and patience to maintain and modify the strategy accordingly. The golden rule in investing, whether in crypto or stocks, is to Buy Low, Sell High.
You should always study the information on the cryptocurrency, chat on the forum, to learn new trends in cryptocurrency. It's like a new profession.
Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
Treat crypto as profit source and can give us good earning,but always remember that this is virtual that means we must prioritize and consider as first means of profiteering is a regular job,the physical aspect,and make this community as secondary source of money maker
You can't think in terms of normal thinking, because it's always out of your expectation. The various stock indexes used in stocks have no effect here. I can only judge by experience, and I am confused.
Just never go "all in" and never hesitate to take profit.
I think that the best advice will be an offer to learn how to understand the market. In addition, to control your emotions, to observe the more successful senior comrades and to delve into the topic of crypto currency.
First learn the market experience, and see the upward trend of the altcoin you want to invest. And learn patience, do not break down any difficulty. These are the essentials before you enter the Crypto market.
The most important thing for you is to learn as much as possible. There are plenty of opportunities in future considering markets are volatile. There will always be a good entry in future and if not no worries. It is better to not lose your money than to hurry to a position and lose most of your money
The best advice would be that don't invest more than you afford to lose, because I don't think there is any advice which can make a newbie a good trader or holder so the best advice for anyone is that to me.
Always research before you invest in a coin and make your own decision. Avoid hyped and pumped coins.
These are all commonly check the investors but many peoples are forgot the Road map and white paper it is more important to verify before the investment. Currently number of good coins are available in the market so little hard to choose. But clarification and suggestion is more important in Crypto investment because many peoples are blindly invested in shitcoin then afraid in the investment so better verify the everything.
I think the best advice for you at the moment is improving your English first and meanwhile you can also go around this forum and read important topics in here then I don't think you need to create a topic like this to know other people opinion or suggestion anymore. It's useless when you created this topic cause you'll receive tons of suggestion and advice and each suggestion and advice is different so what will be the right one?
My number 1 thing that I wish I knew when I first got started with trading crypto is that you shouldn't ever sell for a loss. If the project is good and you haven't invested in total crap, then the price will eventually get back up to where you want it to be and you'll make profit off of it. It's scary at first and you try to cut your losses, but holding coins longer term seems to be the best thing to do with this market.
Always research before you invest in a coin and make your own decision. Avoid hyped and pumped coins.
Good day! Try to join telegram channels which is made forcryptocurrency discussions only. Join social media and try to meet and follow crypto experts and learn from them.
Try seeking a mentor. There's a lot on Facebook who can teach you on trades and ICOs. Anyways welcome to the crypto world.
Try seeking a mentor. There's a lot on Facebook who can teach you on trades and ICOs. Anyways welcome to the crypto world.
The best advise I could give you would be to be very patient especially in investing cryptocurrencies because its not all the time the market is good, there will be times the market wod look so ugly you would want to consider quitting.
Mine won’t be much different from yours. I would suggest a person to do thorough reading about his chosen coin first and compare it with the top coins to come to a better decision. For example, Bitcoin is the best choice but without understanding its nature, the holder cannot keep it for long due to its high declines in dips. Patience is indeed the most beneficial trait but it can only be gained with knowledge. 
The best advise I could give you would be to be very patient especially in investing cryptocurrencies because its not all the time the market is good, there will be times the market wod look so ugly you would want to consider quitting.
I did not have much experience, but I made a profit on the coins I held, and I also drew a valuable lesson that everyone knew. that is patience. I have tried to learn the lesson of patience.
Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
join different communities and know what the investors discussed. That will help you to distinguish the true news from fake. And always trade on the exchange yourself. 
Treat it as volatile as possible and never ever think that you can make a profit with it that fast, Cryptocurrency was made for faster transaction and some have decentralized their kind of project they want with their Cryptocurrency But actually not all Coins and token are a great investment you should research and pick whats good for you and just pick a the most trusted ones,
the best thing ?
Yeah always do your own research,i believe everyday or everytime you heard something from someone about something.
it is ok if you were listening about what he/she was talking about.
but do not put it into your head directly but instead make your own judgement based on the progress.
many people fall for it because they felt greed and did not do some research before jump into it.
lastly,always make a move based on what other people say.
Yeah always do your own research,i believe everyday or everytime you heard something from someone about something.
it is ok if you were listening about what he/she was talking about.
but do not put it into your head directly but instead make your own judgement based on the progress.
many people fall for it because they felt greed and did not do some research before jump into it.
lastly,always make a move based on what other people say.
Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
there is a lot of important information that can be a valuable knowledge for you here, keep learning and be diligent to read.take a look and read this thread.
https://bitcointalksearch.org/topic/m.34266511
https://bitcointalksearch.org/topic/m.31980185
one very interesting thing that i have noticed from bitcointalk alone is that whenever an altcoin is pumped to its max and it is either dropping or getting ready to get dumped, it is when you see a lot of topics being created about it all around this forum from mostly newbies talking about that altcoin.
this goes as far as being used as a signal for selling
this goes as far as being used as a signal for selling
Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
Crypto platform is hard to choose the right platform so we must read the white paper and roadmap of the project. Then check the developing team of project because it is identity the supporting project or scam project. Finally we should analyse the future possibilities of the coin then pick the right coin in right time. It is the best way to investing in cryptocurrency. Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
first, learn about technical and fundamental analysis
so, you can buy any cryptocurrency with your own predictions
when to buy and when to sell
If you want to trade-then first use the demo trading. For example, for Habts. Read the theory and train in parallel.
10 quick points I can think of:
1. Understand the entire market, existing projects etc
2. Don't follow hype, always trust your judgement on a project rather than some one elses
3. Always research the team, roadmap and claims being made
4. Don't get greedy, lots of decent increases are much more achievable than high optimism for 10x on 1 coin
5. Understand support levels, buying at a low gives you a lot more safety than buying mid pump
6. Learn some basic TA, if a coin appears over bought it usually is, if a coin is holding stable and under bought it's a safer bet
7. Follow the news on a project but be careful, many buy at signs of news and sell on or prior to the day of an event
8. Watch out for Bitcoin corrections, alts always follow, I prefer to sell back to BTC and buy at the dip when this happens
9. Always focus on SAT value over dollar value, if BTC pumps 10% and your SAT value goes down 5%, dollar value will still appear as profit, goal is to increase BTC holdings through increased SAT gains
10. Be realistic and understand price in relation to market cap and circulating supply, huge supply with a huge cap can appear "cheap" while a coin with a smaller supply and a low cap can appear more expensive, the market cap is your better indicator of room for growth.
1. Understand the entire market, existing projects etc
2. Don't follow hype, always trust your judgement on a project rather than some one elses
3. Always research the team, roadmap and claims being made
4. Don't get greedy, lots of decent increases are much more achievable than high optimism for 10x on 1 coin
5. Understand support levels, buying at a low gives you a lot more safety than buying mid pump
6. Learn some basic TA, if a coin appears over bought it usually is, if a coin is holding stable and under bought it's a safer bet
7. Follow the news on a project but be careful, many buy at signs of news and sell on or prior to the day of an event
8. Watch out for Bitcoin corrections, alts always follow, I prefer to sell back to BTC and buy at the dip when this happens
9. Always focus on SAT value over dollar value, if BTC pumps 10% and your SAT value goes down 5%, dollar value will still appear as profit, goal is to increase BTC holdings through increased SAT gains
10. Be realistic and understand price in relation to market cap and circulating supply, huge supply with a huge cap can appear "cheap" while a coin with a smaller supply and a low cap can appear more expensive, the market cap is your better indicator of room for growth.
Learn more about cryptocurrency, understand cryptocurrency, avoid lucrative offers with big profits as most is scams and will drain your money.
You shouldn't treat cryptocurrencies as regular market shares. Volatilities and speculations are very high in alternative coins so you will never find accurate graph. Behavioral psychology is better to use I suppose.
Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!
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