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26257457 No.26257457 [Reply] [Original]

is there some crypto simulator that uses real market data I can play around with before putting any real money in? or would it be better to just throw a couple bucks into some exchange and use them to practice?

>> No.26257479

>>26257457
brap

>> No.26257552

>>26257457

You won't really be able to use a couple of bucks unless you mean in the thousands.

You can simulate by pretending you have invested, writing down your entries and exits, but there is nothing like actually losing money, or not taking the risk of selling.

>> No.26257862

>>26257552
>You won't really be able to use a couple of bucks unless you mean in the thousands
why not? i was thinking of putting like 500 dollars into a couple of different shitcoins

>> No.26257892

>>26257457
The fuck would be the point in that?

>> No.26257982

tradingview lets you backtest strategies

>> No.26258010

>>26257892
to get used to how it all works, i've never invested a single dollar before and rather than reading I prefer to dive in

>> No.26258013

Don't day trade faggot and this is crypto it's the wild west.

>> No.26258056

>>26258010
buy shit get rich thank me later

>> No.26258101

swyftx is australian but has a demo mode u can practice shit on i think

>> No.26258108

>>26258010
>Simulate going all in on shitcoin
>It moons you make millions
>Oh wait, it was simulated
>Damn

>> No.26258242

>>26257457
This may help you or may not. But it worked for me.
Read books on stock trading, books that aim long term, not scalping and get rich quick ones those I trash. I know crypto is different but let me know when a good book on Crypto is out. Unless you already have experience that is.

>>26257552
> nothing like actually losing money, or not taking the risk of selling.
As this gentleman rightfully pointed out it it borderline impossible to simulate the emotional stimulus of actually seeing you money go up and down.
At first I invested a smaller amount consider it less than $1000 to "play around with". I added in the money with the mindset that it's gone. If I lose it though shite. I suggest you take that approach but the initial amount is dependent on you budget, how much are you comfortable losing.
Do your own research before buying or selling and don't let emotions overwhelm you. This is why I highly advise the following: DON'T PUT MONEY YOU ARE NOT WILLING TO LOSE INTO ANYTHING!!!!
Someone asked Warren Buffet for advice because he cannot sleep due to how much money he has in stocks. His response withdraw until you can sleep soundly.
If you cannot control your emotions and impulses this is not for you. Considering that the volatility here is more extreme.

>> No.26258285

I believe that Bittrex has this option somewhere.
https://bittrex.com/

>> No.26258412

download blockfolio on your phone and add an transaction to any coin (youre not putting in real money its just a way to see how your portfolio is preforming, you dont have to buy anything)

>> No.26258512

>>26257457
Paper trading won't prepare for emotion control.

>> No.26259003

>>26257457
Tradingview has paper trading I think.
You can also write backtests if you can program.

>> No.26260025

>>26258412
This is the closest to what you're doing.

Completing actual trades will teach you better lessons though.

>> No.26260332

What do you mean practise? You buy crypto, you keep it, profit!

>> No.26260855

Taleb says you need skin in the game to make good decisions.

>> No.26260936

Bison Bitcoin App gives *Playmoney* and shows what happens to it until the Account is verified for real trade.
App is free

>> No.26261006

>>26257457
>ywn have a basic bitch white gf
why live

>> No.26261271

You learn by using real money.

With those simulators you dont give a fuck if you lose it so you invest it like a retard.

>> No.26261325

>>26261271
This. It's very similar to learning poker, it's kind of pay to play lessons, since it's impossible to play "for real" with fake money. The emotional attachment to money is what makes it fun

>> No.26261382

>>26261325
>t. gambler

>> No.26261420

what the fuck just buy shit on binance and hold. trading is cringe as fuck

>> No.26261480

>>26257457
To have balls and develop iron hands you need real fiat. Learn risk management and start with real cash. Stop being a faggot. And 3D women who you are not breeding are a liability for long term relationships. Either create white children or fuck and dump her

>> No.26261885
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26261885

>>26258010
yes, don’t listen to these cia kike faggots trying to get you to lose money. you are new so your investing skill is at its lowest point. it’s only sensible to invest a SMALL amount of money now and then gradually invest more and more as your skill level grows. even in a bull market retards can lose money, and a good trader can make money in any market. but that said you wont conquer the psychological/gambling addiction part of investing without using SOME real money.