Post
Topic
Board Beginners & Help
Re: tips for begginers
by
Crystacool
on 28/02/2018, 12:41:24 UTC
A few generic beginner tips that will help you to get up to speed:
1: Never invest more than you can afford to loose.
2: Buy the dips (looks easy and is quite easy, if you can resist huge green candles / FOMO)
3: Begin with trading CMC top 25 coins, to avoid to much risk in the beginning.
4: To get the best average price for long term holds, apply dollar cost averaging (buy fixed amounts each weak, and buy a bit more in case of a sudden dip)
5: Bitcointalk, youtube and Google are your friends. View and read a lot about trading to get the hang of it.
6: Do your own research on a coin. never just jump in based on some social media hype.

Hope this helps a little.
As a beginner, the first thing you should do is keep reading and learn more before you invest in bitcoins.
Second, don't take out all your assets and invest in bitcoins, which is a stupid thing to do. The price of bitcoin is not stable. You need to do a risk assessment.