I'm new to the idea of bitcoin trading in general, and I was wondering how people actually get into it? It sounds like a lot of people have some sort of background in economics or finance, or work in trading in their day jobs and use btc trading as a sideline, are there a lot of people like this? Do people learn by losing money and then figuring out where they went wrong and correcting it?
I'm interested to hear people's stories.
The basic rule of investin remains the same.
In simple terms, the age old rule of economics
"The more the demand and scarce the supply, the larger the value."
U need to hav analytical skills, not much advanced, just basics. With experience u will get advanced.
For example, understand the utility of the product, its prospectiv usage, its system or strategies which will involve more and more people. These things will create the demand. If u think on analysin that demand will rise then its value will rise too.
I dont know about BTC because I personally believ the time when BTC can make people RICH is gone. But I do believ in crypto currencies and I am damn sure these will make people millionaires or billionaires.