Quote from: Ucicha on February 09, 2019, 09:52:49 PM

I see we keep getting more members in our community, but I also see most of the new members are quite new to the whole crypto world, same as me, so I have decided to write something as a heads up from my short but intensive experience.

1. Use simple trading methods in the beginning.

Brief explanation of how to trade:
Buying: 42-coin price is going down (you get that info on coinmarketcap/ looking at exchanges)
a) you pick a currency (USD/BTC/ETH/etc.), and you "position" your BUY order close to the price it is at (example: 42 coin is dropping to 2BTC in price, you place your BUY order at, lets say at 1.95BTC)
b) and now you wait until it fills a.k.a. you BUY the coin

Selling: 42-coin price is going up (you get that info on coinmarketcap/ looking at exchanges)
a) you take some 42-coins you own, and you "position" your SELL order close to the price it is at (example: 42 coin is going up to 6BTC in price, you place your SELL order at, lets say 5.95BTC)
b) and now you wait until it fills a.k.a. you SELL the coin

2. When moving funds from wallet (and you should ALWAYS keep the majority of your funds in a "cold"/paper wallet, desktop wallet, AND it should be BACKED UP) make sure the network is up and the wallets are up on the exchange ( and NOT in maintenance mode or offline). Neglecting this could result in loss of your funds.
a) keep funds in a safe place (backed up on a USB stick or something else)

3. Test exchanges with a small transaction first. Since you can transfer very small amounts from your desktop wallet, do a small 0.00000050-0.00000100 42 coins transaction first and wait until it gets deposited.

4. Check the wallet and network status on the EXCHANGE. If its offline or in maintenance mode, wait for wallet status online, and only then proceed, again with a small test transaction first

5. Join all the communities. Telegram, Discord, forums, and participate

This is really high quality, Ucicha. Thanks for your effort. I posted it on the Telegram 42 thread.