Quote from: bitllionaire on June 05, 2017, 09:48:30 AM

Quote from: moviebuff777 on June 05, 2017, 12:12:11 AM

Quote from: scottmazzy on June 04, 2017, 03:41:26 AM

A couple days ago I transfered enough from my bank account to buy 1 Bit coin. While waiting for the $ to make it from the bank to the exchange I had $75.00 invested so could use it to practice with. Keep in mind that I had no experience with bit coin trading and my past day trading did not go well.

Today I saw that SC (Siacoin) was above 10% and volume was above 10,000. It was also very active pumping up and down. I did four buy and sell trades, not aiming for much more than 5% profit on each one and increased my $75.00 to $91.00. It was a great leaning experience. Also very humbling because on the first trade I made a mistake and lucked out.

Scott

That's a good way to start. Be careful not to panic buy or panic sell and you should do fine.

yes it is too much important to study the different aspect of the market and then decide about to buy or sell, some time the big whale is manipulating the market which really disturb the market. some time they create panic like situation in the market and people start selling while they waiting for the lower price to buy it and then hold it for its really price they really making too much profit through this way and making the unexperienced people as fool.

To making traders fool It's a business strategy, not only newbies will sometimes fool the experienced traders also get fool. Some local trading sites will use these type strategies and make them fool. Last time when the price pump in my country all local BTC exchange websites started go gave more than 10% extra money on BTC price. People thought it would go high and high let's wait. And suddenly it the price drops they also started to drop the price with high margin in that time many panic people sold coins. Like this they make us fool so be careful while doing trading.