How to Start Bitcoin Trading From Beginning

[Shujah]

How to Start Bitcoin Trading From Beginning

 

Bitcoin trading is a very risky business, but you should understand that in life almost every thing is risky and it is also risky not to take a risk.

 

 Some people have made lots of money through Crypto currency trading , you can also make your own money if you are determined. 

 

This beginners guide will show you everything you need to know as a beginner.

 

 I will help you to understand the difference between short-term and long-term crypto currency trading, with their advantages and disadvantages.

 

 

 

 Bitcoin is the first crypto currency which was released in 2009 and was sold in 2010 for only $0.39, imagine if you had bought at that time, then nothing like crypto trading because it's just one coin

 

After some time more crypto currency was developed and crypto trading began 

 

You trade one crypto currency for another, with the hope that the coin you buy increases in value before you can sell it and be in profit, this is just like real-world stock exchange. 

 

For one to trade, he/she needs a crypto currency exchange where buyers and sellers meet together. For example, if you are holding dogecoin and want to sell it for Bitcoin, an exchange will help you find a Bitcoin seller to trade with.

 

 

 

Exchanges will now charge you a fee for make the trade, which normally costs around 0.1% for each trade. 

 

 Lots of people are now trading crypto currency as a full-time job.

 

 

 

Some traders use different tools to help them pick the right coins at the right time. This can include software that help investors analyze previous price of a particular coin.

 

But as a beginner you should start from somewhere in other to earn from crypto currency

 

As long as you are not trading more than you can afford to lose, there is no harm in trying.

 

 

 

Short-Term Trading

 

Short-term trading is when one buys  a crypto currency but only plan to hold on to it for a short time then sell.

 

It can be from minutes, hours or days before you sell it and take the profit

 

Large trading volumes (so many persons buying and selling in the market) are very important as it means you will always find a buyer or seller easily!

 

 

 

Advantages

 

 It offers a good opportunity to make high percentage profit

 

Disadvantages

 

If you want to perform short-term crypto trading, you will need to spend a lot of time analyzing the markets.

 

This is because the crypto currency markets are so volatile, the prices can go down very fast and you lose your money 

 

In short - term trading you don't always win

 

Short term cryptocurrency traders look for small gains in small price movements,

 

In order to see good returns you must make large investments.

 

 

 

Long-term trading

 

“HODL” this is a slang word meaning to hold a crypto currency long term rather than selling it. 

 

Long - term trading is when you buy a coin and hold it for one year or more until the price increases

 

 

 

Advantages

 

It’s easy and requires a little amount of time,

 

You don't need to start analyzing the market for any thing since you are holding your coin for long term.

 

Unlike short-term trading, where you need to constantly spend time checking the prices of the particular coin you bought

 

In Long - term trading you don’t need huge amount of money to get started.

 

 

 

Disadvantages

 

In long-term trading you might miss a good opportunity to make quick short-term profits, Sometimes coins rise so fast and you wouldn't know about that since you are holding for long time

[evet]

I am into the idea of holding crypto currencies for long term also. Like 1 to 3 years or so. I like investing into new cryptos that seems to have potential. 

[vikkiwinner]

trading on crypto very very risky , 🤓 last year i trade from 1000$ and  lost it , so beaware  lack of knowleges and news makes your money half or zero 

[Ali saher]

I also work bitcoin trading last 2 years but few months I stop this because I start my own business that's why I invest my money in my new business.bitcoin trading very risky but if you understand then you make good profit with this.

[Salsa]

As a newbie your words to me is fully hard so that i feel panic.. By the way,i have a wish to trade one btc so i know,i need a lot of knowledge about trade and its hard...but i wanna learn about it and start trade...because there has a chance to get much profit from it..any way,i hold your words

[Magdsolieman]

I was initially dealing with cryptography as a part-time job but now I give more attention to cryptography and I trade on two very adorable platforms I allocate my work to the platform in the long run and according to the currency withdrawal fees that I trade so as not to lose a lot of profits so I trade and invest bitcoin and ethereum on The wonderful Yobit platform, since the withdrawal and transfer fees are low for this currency. As for the rest of the currencies, I rely on another platform. Thank you, my friend. Your advice is important for beginners.

[Touhid]

This is really useful for many new crypto users who will start trading. With this useful writing I give you some merit. They can start learning with all this especially with people who are very blind to the crypto world.
Good work.

[Wassouf]

As beginners, we must learn a lot about the cryptocurrency market, and know the reasons for the rise and fall of its value, and we must take advantage of the strategies that experts use in the field of trading, which bring them great profits ، at first, there must be a loss, but we must be patient in order to gain sufficient experience to enter the world of trading.

[itconsults]

Thanks for your suggestions, I agree with you, crypto trading is a little bit risky because there is a rapid rise and fall in prices within a short period of time. But you can also earn a huge profit within minutes, bitcoin is a stable and reliable coin and many people prefer this coin for trading.

[obi1wan]

The world of trading can seem fast-paced and hectic. However, contrary to how trading is sometimes portrayed in popular culture, it usually does not invoke instant wealth. Rather than the sporadic pushing of buttons, trading requires informed decision-making strategies.

Trading is a broad term and covers a multitude of financial markets. For example, the markets for stocks, foreign exchange, exchange-traded funds, options and contracts for difference (CFD). Cryptocurrencies have added another element to traders’ portfolios, particularly with the advent of bitcoin trading.

The process of trading and those involved have also changed and developed over time. The concept of trading has deep historical roots dating back to ancient Mesopotamia with the exchange of grain futures. Trading of financial instruments emerged through the exchange of debt amongst moneylenders in the 1300s, and their purchase of government debt. Following on, they began to sell debt to the first investors.

Traditionally, those involved in the financial markets had considerable funds. However, the tides are changing in financial markets as cryptocurrencies present their opportunities. Both the modus operandi and the clientele of financial markets have evolved. The Internet and blockchain eras have respectively made trading more accessible to people all around the world. At the same time, they have opened up lower market entry levels in terms of capital requirements.

Nonetheless, the spirit of trading remains the same. Trading is loaded with probabilities and it remains a risk whether the desired outcome will be achieved.

The difference between trading and investing

Despite their differences, it's possible to be both a trader and an investor. Trading and investment have different aims and consequently, they follow unique strategies that set them apart. The primary difference between trading and investing relates to the timeframe over which assets are held.

Investment implies a long-term commitment to assets, whereas trading generally implies short to medium-term involvement. Investors seek to gradually build profit through buying and holding assets for a long period of time, which is called hodling in the crypto world.

Holding or hodling is a strategy that tends to defy the trends followed by traders. It means that regardless of price drops in the purchased assets, the investor will hold on/hodl on to the same portfolio and wait for the price to move up again.

Securities such as stocks (shares in a company) and bonds (purchasing debt) are commonly known investment routes. Yet, investment is much more extensive. It also encompasses cryptocurrencies, real estate, investment funds, options, insurance, initial coin offerings (ICOs), Equity Token Offerings (ETOs), and more.

Trading deals with many of the same assets as an investment. Nevertheless, the goals within the respective markets are different. Trading is essentially the pairing together of buyers and sellers of different asset classes. The focus lies on the fast accumulation of wealth. Traders are inclined to steadily follow news and price charts related to their assets. Consequently, they conduct thorough analyses to execute the best strategy. Trading mostly involves medium-sized trades, but larger trades also occur.

Trading and investing carry the potential for the same outcomes. Within the fields, you may experience the following; a small profit or a small loss, a large profit or a large loss and finally, an insignificant outcome similar to the input price.

[Magdsolieman]

Everyone warns of the risks of trading, but it is not that complicated. He needs self-confidence and some key information in order for a person to start trading. We went through tough periods of trading when we did not buy in 2019 and the price was low and we learned that when the price falls, we buy and not sell, so this was not The harsh lesson was painful but rather an alert for us to take care in the next steps and years

[Touhid]

The idea behind trading is very simple, you just buy low and sell high. You clearly don't know anything for sure but to predict, you just need to follow the news regarding that specific coin (a hard fork, an update, being added to an exchange, merchants accepting it etc.) all these factors play a big role in determining the price. Another way would be to buy CryptoPing BOT subscription, It has the ability to predict based on the increase on volume etc

[nasima begum 00]

Start by reading a lot of information here and asking questions and by actually trading (even if it's with such a small amount just for practice). You can never know which coins will be profitable but you can speculate based on how useful the coin is and how good the team are working on it.