Getting started trading Crypto
Started trading a couple months ago and these kinda posts really helped me out to get into the trading space and understanding what blockchain is and the mind blowing applications it can have. So I decided I`d try my hand at it and hopefully catch some new comers and give them some good information on where to look and some hard lessons i've learned hopefully also pointing you to the general places to get better information.
I`ve made a couple of mistakes so far and the worst one is panicking when I have done my research on an investment but selling because of panic. If you have done your research and you believe an investment will work stick to your convictions and if you have to sell, consider rather selling a portion.
The FOMO is real if a coin has already shot up 30% and you`re not on the train rather not buy you've probably missed it and you might be buying the top but there are exceptions though, this is crypto after all, so just make sure.
These reddit pages and the discussions are very helpful and can help to point you to new coins that can potentially make you allot of money. I have found the coolest random investments because of some of these threads. Just be cautious and always do your own research first.
Have goals for your investments and stick to them don't be afraid to take some profits when you're not sure about the future of an investment anymore. Greed can make you do stupid things that's why goals are always a good thing and I try to stick to mine. Profit is profit even if a coin continues on it's moon bound mission and you decided to pull that ripcord float back to earth.
If you don't know about it yet http://ift.tt/1oKjfXP shows all valuations from top to bottom, a good tool for seeing upcoming events I have found is http://ift.tt/2fLGOI6 you can see all upcoming dates for coins and see if the price might shoot up for some juicy new news.
Some nice exchanges are Bittrex and Binance, just including a referral link for binance ;), http://ift.tt/2AsNe8m . Those two are very nice and easy to use with decent trading volume, then there's also etherdelta if you want to trade with smaller upcoming coins, but do some research on it before you use it.
Youtube like all all other areas of life is also really helpfull there are some excellent channels out there that give really good advice one I really like is Crypt0 ,his videos are very helpfull. But search youtube and find someone you like they can be a bit weird at time and some kind of give you a vibe of some guy with a trench coat in an alley wanting to sell you the future. Don't want to make this post too long so hopefully this helps someone to making millions or gets you on the path! Good luck!
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