Quote from: Razmirraz on Today at 01:15:57 PM

Quote from: MichaelS. on April 14, 2021, 10:28:07 PM

Hi everybody, I have about 16,000 USD.
But I'm very new this coin market. I need advice from experienced people. Because I'm so confused Huh

Please inform me correctly

What a strategy do you apply after finding the right coin, trading or investing???
16,000 USD is a lot of value, you must determine the right strategy before spending all your money.
If you want to trade, start with small trades, and don't forget to use a stop loss strategy. You should also learn about a technical analysis, because understanding long term trends are very important for short term trading.
If you're new to cryptocurrencies, it's a good idea to hold the coin a long term. Because HODL is a great step for beginners.

with a fairly large amount of 16,000 USD and you want to trade, it would be better if you use spot trading because it is safer and if the analysis is wrong you can hold it for the long term.
also choose the right coin or token at least the top 20 coins/tokens in cmc. because it is impossible to use 16,000 USD on one option