Thread for beginner traders

[Anonymous No.27355318]

So after the whole DOGE fiasco, I decided to buy in to crypto. After seeing a few threads about the XRP pump, I put in 15€ just to see what would happen. Bought at ~0.40 and sold at ~0.40 once it was obvious that this was a shit show.

Nevertheless, it was fun as hell, and I want to do it again. I traded the XRP for ETH and currently looking towards something new to put the money in.

Can you guys post any resources on how to up my knowledge in crypto. Obviously I didn't do my research on this, so I want to get a better understanding on the market as a whole.

Forums, books, videos, know-how from your experience. Anything would be an upgrade to my current situation.

[Anonymous No.27355518]

>>27355318
You have to go back

[Anonymous No.27355760]

>>27355318
try r/india

[Anonymous No.27356330]

newfag here too i put in around 50 euro in it
15 at 0,425
15 at 0,528
20 at 0,496

should i sell or change??

[Anonymous No.27358469]

well, so much for this thread

[Anonymous No.27359547]

[Anonymous No.27359684]

>>27355318
put it all in LINK

[Anonymous No.27359949]

>>27355318
I am also a newfag looking for information, but the longer I spend here the more I think that its just people lying to eachother for pennies kek
just like every single other subject in existence, 4chan is useless. i guess unless you like trannies and/or anime

[Anonymous No.27359971]

>>27355318
Just keep in mind that the rabit hole goes deep for every technologies. There is so much to know about game theory, programming, economy, politics and such if you don't want to get fucked. The devil is in the detail. Nothing is free, you will pay for being lazy.

[Anonymous No.27360612]

>>27355318
Trading is a meme. The most profitable anons on biz just buy and hold btc, ETH and link. Seriously have you ever seen a Blockfolio post with 6 figs that was made by flipping shitcoins? No. Time in the market > timing the market. The way to make it in crypto is to accumulate during the bear market and sell at the peak of the bull market. We are currently in bull market. You can see how far along we are by checking meme charts like s2f and rainbow chart for btc. Current generation of biztards with 6 figures started in 4 figures in 2018 by accumulating Chainlink. Previous generation was ETH and before them BTC. Any “trading strategy” that you THINK you have is really just the Btc bull market making everything trend up. Also you’re a disgusting newfag who needs to go back or stop posting. I would say you need to lurk but bull market biz is full of newfags giving other newfags advice. You will learn the most From biz during the bear market when smart money is accumulating. YOU ARE DUMB MONEY, IF YOU JUST GOT HERE YOU ARE DUMB MONEY, if you can understand this you can become smart money for the next cycle starting in 2022.

[Anonymous No.27360832]

>>27355318
I keep getting burned from bad traders. what do you all use in the US to keep up with these trends without your trader crashing?

[Anonymous No.27360896]

>>27359949
>4chan is useless
Biz was the only place on the internet that understood the WEF’s great reset 3 to 4 years before anyone else. If you only just arrived you are dumb money and biz during the bull market is just dumb money talking to dumb money.

[Anonymous No.27361212]

>>27360896
>post number go up when pump start
no really

[Anonymous No.27361249]

>>27360896
i've been banned from here for years apparently i can post again kek
im sure your board identity will make you happy and you can tell your kids that a place you posted on understood an economic event
the fact you think that this place is the best at anything is hilariously naive

[Anonymous No.27361475]

>>27361212
Are you fucking retarded? The chart shows that biz was posting on average ONCE PER DAY about the 4IR for literally 3 years before the GR came into public consciousness (indicated by google trends). Wow you newfags really are thick as shit.

[Anonymous No.27361580]

>just buy link
>just buy btc
>just buy eth
Is it really wise to do atm? Isn't there supposed to be some sort of a correction or market crash?
it just seems like this all is just gambling
>t.brainlet

[Anonymous No.27361627]

>>27361249
>the fact you think that this place is the best at anything is hilariously naive
Majority of early BTC, ETH and LINK buyers got in and made their millions (or future millions in the case of link) because of biz.

[Anonymous No.27362057]

>>27355318
Also newfag here, but it seems like now is actually a bad time to get into anything. By the time you hear about a pump, it's already too late to get on it unless you want to gamble on small exceedingly short term gains; right now I'm looking at the long term trends on the most popular coins and they're all well above the long term trends. This can partly be explained by the current uptick in interest, but even so they are trading very high right now and I would expect them to come down from their current position, so briefly below the long term trend as normie confidence leaves as a result of the dip, then return to slightly above the long term trend as some of the newcomers stay people buy the dip.

[Anonymous No.27362083]

>>27361627
I was actually here when btc was worth £3.
4chan used to be significantly better. In fact, someone on /b/ gave me 3BTC.
There is about .3 BTC on my computer in a locked wallet with a 25 letter password that I can't remember.

[Anonymous No.27362086]

>>27361580
>Isn't there supposed to be some sort of a correction or market crash?
Yeah, if you look into the BTC meme charts, btc should peak at 100-300k sometime late this year. The correction will be a break of the parabola resulting in an 80% drop. So there’s still time to get in but if you don’t get out before the top you’ll lose everything and probably end up in a net loss. If this happens then too bad but anyone who sticks around for the following 3 year bear market will become the next cycle‘a smart money.

LINK has actually strangely not been correlated to this, since it made huge gains during the last bear market, it’s kind of difficult to say whether it will follow the same pattern as btc. Other altcoins actually lose 98% of their value during the btc crash though kek. I mean link went from $1.10 to $0.20 in 2018, I didn’t sell, I just bought more and am now up 300k.

[Anonymous No.27362781]

>>27362083
The cycle has repeated itself. Btc oldfags destined to make it were replaced by ETH and now link. 4chan is very obviously a hub for these people. Biz is absolute garbage right now but the bear cycle filters out newfags and tourists. Anyone who maintains an interest in crypto during a downtrend is self selected for deeper understanding, which explains why biz was so early with regards to the great reset. Same is likely to occur next cycle, if something comes after btc - ETH - Link, that is when the collective autism of biz will catch onto it.

[Anonymous No.27363325]

>>27362083
Not him but I lurked a little bit pre-gamergate when I was a teenager. Only reason I didn't buy shit loads of btc was because I was a middle schooler with no money and nobody around me would take financial advice from a 13 year old. Good luck on figuring out that password. If it was a password you used on another site at the time like a retard I would recommend looking up and seeing if that site had a data breach at any point in time.

[Anonymous No.27363577]

>>27362057
>By the time you hear about a pump
Stop chasing pumps, that’s not how you make it. Any pumps you “hear about” are literally dumb money newfag hype pumps. I’m not denying you can’t make money off shitcoins pumping but ultimately they WILL lose 98-99% of their value when this bullrun is over. And it will be over sometime this year.

[Anonymous No.27363592]

>>27362086
>>27362781

So the general advice would be not to get in on most stuff yet?
I've been looking at Algorand, GRT and Ampleforth, the second of which seems to be gathering a lot of hype and as such I'm kind of worried about it not going back down again, and even if it does somehow, I think I could just accumulate more (while also holding some from now), and I think this could work for some other potential coins I've also been thinking about getting too (already went in on AVAX, ADA, LTO and also bought a bit of Reef for some shorter-term potential).

What's your opinion? Still rather new to the crypto space, want to be in it for the long term.

[Anonymous No.27363667]

2016 oldhead here. Enjoy my bags, thanks for the memes!

[Anonymous No.27363712]

>>27362057
I don't know all the technical jargon but it seems like something like BTC has been (mostly) just going up for the last 2 months. Like ok, it was at 41 at one point and it dropped to 30 and it went back up but it still seems overbought. Same goes for other currencies.
Again, I don't understand all the details but from what I've heard is that market is artificially inflated at the moment (both crypto and real stock market) and that it will inevitably crash soon.

[Anonymous No.27364050]

>>27363325
>password
Crypto wallets don’t have passwords, they have seed phrases, Jesus Christ.
The fact that so many newfags lacking even the lost basic knowledge are freely posting without any shame is a huge sell signal

[Anonymous No.27364097]

>>27363592
Rather than an investment, you could always be some spare change in it so at least you don't feel burned if it rockets. Spare $10 or something.

[Anonymous No.27364321]

>>27363712
Try looking at 3 years, not months.

[Anonymous No.27364559]

>>27364097
I'm putting in about $1200, already have about half in. Was going to put it to crypto anyway, so the question is just whether to wait with the rest now in case everything corrects down so I can buy for less, or just go for it already. I guess there's nowhere to hurry. Might just get graph and be done with it for now.

[Anonymous No.27364629]

>>27364050
I mean... I think I used some wallet along with western union to buy from Silkroad v1?
there was without doubt passwords you slut kek

[Anonymous No.27365242]

>>27355318
Assume a coin is a pump n dump unless there is very convincing evidence otherwise. Avoid those or you will eventually get burnt. If that doesn't deter you, keep your trading simple to start. Research resistance and support. Determine both for any coin you intend to actively trade. That's a good start.

[Anonymous No.27365530]

>>27364050
>implying nobody uses twelve word passwords
Thats autistic semantics and we both know it.

[Anonymous No.27365677]

>>27355318
>beginner traders
DO NOT TRADE. Trading is not for the vast majority of people because 1) they don't have the mindset 2) trading in the 21st century shouldn't be manual anyway 3) they don't understand risk/reward

[Anonymous No.27365868]

>>27355318
Bros I just made my account yesterday
What the fuck do I do with this? Do I sell XRP for USDT or BTC?

dl

[Anonymous No.27366082]

>>27363592
>So the general advice would be not to get in on most stuff yet?
Look it depends on what your timeframe for investing it. The BTC bull should continue according to the meme charts (look them up if you don’t know them, the rainbow chart and s2f), there will be huge corrections on the way, 20-50%. In the short term, it would be better to buy these dips. But in the long term, accumulation phase is now over, and people who accumulated during the last bear cycle are now going to be selling to you. I’m not going to tell you not to buy because there’s every chance alts will pump massively, just make sure to take profits because the crash will be brutal.

If you really want to make it from crypto it is going to take 1-2 market cycles and it will take more than a few hundred dollars.

I can’t give you any advice about your altcoins because I’m 100% in link so I have very little interest in shitcoins right now. I know Link is going to $300 minimum this cycle so I have no reason to risk going in on anything else. I know that other coins will surely make when bigger gains than LINK but I’ve already got 6 figures so I don’t need to risk my stack.

In general, anything you’re reading right now is from newfags. Anyone who enters the market this late is by definition dumb money. This is another reason I’m not interested in shitcoins right now. If they are really, truly great projects, the chatter on biz about them won’t dissipate into the next bear cycle. If they’re worth buying then I’ll hear all about them in 2022/2023 from the next cycles smart money. You won’t get any good advice here right now, any advice from oldfags will be drowned out by 1000 posts from newfags and you won’t be experienced enough to tell the difference. You would unironically get a better understanding of the space by reading archived threads. Best advice would be to go to YouTube and type in Sergey Nazarov and start watching his talks sorted from oldest to newest.

[Anonymous No.27366396]

>>27355318
truth?
this is gambling, even the most logical coins are gambling, crypto currently is still one giant P&D

people lie about how much they have made, its to FOMO you in

crypto could be about to moon or crash lets see

also pajeet is a meme, linkies were pajeets at one point too.

understand that unless the coin is very differnt and provides actual value it is a dangerous P&D and is not recommended for newfags

advise in order of risk but also shorter time for big returns:

Bitcoin/ETH

ChainLink

Rubic

chainlink could also be dangerously close to a moon or crash though. this whole fucking thing is easier to understand after at least a minimum of a week constantly browsing, this latest fiasco should have been an amazing crash course though and lesson in P&D, FUD and FOMO

[Anonymous No.27366579]

>>27363592
>seems to be gathering a lot of hype and as such I'm kind of worried about it not going back down again,
You’re thinking very short term.
“Hype” is great and sure altcoins can pump x10, x50 and even x100 right now. But thinking in terms of months/years, a 80-90% correction for non shitcoins (Including ETH, BTC and LINK) and 98-99% dump for pure shitcoins is inevitable.

I truly hope that any newfags ITT will stick around for the years to come, crypto is still tiny compared to other markets and don’t believe boomers who say it’s a bubble. Yeah it’s a bubble and inflates and deflates every 4 years, getting bigger each time Kek

[Anonymous No.27367093]

>>27359971
>>27360612
>>27365242
>>27365677
>>27366396

Exactly the advice I was looking for. Thanks anons, I'll rethink my options from now on.

[Anonymous No.27367205]

>>27363712
You need to look into s2f and understand how halvenings work.

>>27364097
>$10
kek seriously?

>>27364321
This guy is correct

>>27364559
Just go for it, the bagholders from 2017 who made money and lost it all in the crash learned valuable lessons and any of them who stuck around in the bear market are probably 6 figure chads now.

>>27364629
>without a doubt passwords
Shut the fuck up.

>>27365530
You can’t “recover your btc password” from your old website login info

>>27365677
He’s right

>>27365868
Pathetic

[Anonymous No.27367407]

>>27366396
>Rubic
Sneaky pajeet

[Anonymous No.27367447]

>>27366396
>Rubic

AAAA
I've been seeing rubic threads here for a few weeks already and I still can't decide whether to believe this shit or not. I tried using the exchange but it felt somewhat clunky, but in concept it seems alright, and bridging is gonna be needed once people realize how shit slow and expensive ethereum is I guess. People keep calling you pajeets, but I don't see how there could be so many people actually lying and shilling about this shit. But there's also pretty much no RUBIC threads other than the generals that spawn out of nowhere and gather like 150 replies super fast, just like SENT.

>>27366082
Thank you for your advice.

>>27366579
Yeah I'm a retard for coming to this so late, always just followed passive news and once in a while checked biz for a few days, but now I know this technology is worth learning about and has huge potential. So if I understand correctly, your advice would also be to wait for the correction and accumulate more then? How soon do you reckon that's going to be? Judging by 2018, stuff should start "dying out" in a few months max, right?
What if the bear market doesn't come and even more people keep steadily flooding in as crypto seems to be getting more and more mainstream exposure?

[Anonymous No.27368064]

>>27355318
Its not a fiasco you fucking aspie, look at the charts.

You are not going to become a millionaire with Doge in the next months but i assure you that meme coin its going to moon in 2020/2021.

[Anonymous No.27368487]

>>27367205
>You can’t “recover your btc password” from your old website login info
Yeah no shit. I'm suggesting, on the off chance he's incredibly retarded and used his seed phrase as a password on some site, to see if that site had any password dumps online. I shouldn't have brought it up because anyone stupid enough to do that certainly isn't smart enough to find a password dump and it only confused someone unrelated like you.

[Anonymous No.27368691]

>>27367407
you caught me
>>27367447
desu it is a risk, part of me is saying its a P&D the other art is saying that the user base seems to be all biztards and it has potential

at the very least i think this will get some attention and large gains 4-6 weeks from now

i wont do EOY predictions because they are always complete bullshit, if it goes to x5 i would be content

[Anonymous No.27368725]

>>27367447
>People keep calling you pajeets, but I don't see how there could be so many people actually lying and shilling about this shit.
There are hundreds of paid shills on biz. There are also pump and dump groups. XRP was just pumped and dumped by 200k telegram group members.

> your advice would also be to wait for the correction and accumulate more then?
Dollar cost averaging each payday into BTC/ETH/LINK during the bear cycle is the safest best long term.
Short term, gambling on shitcoins could be fun. It’s up to you.

> How soon do you reckon that's going to be? Judging by 2018, stuff should start "dying out" in a few months max, right?
Check out the meme charts I mentioned. Estimates are sometime this autumn for the peak of BTC. The current market situation is pretty crazy though considering the amount of dollars printed. To me it feels like we are already at the top based on the amount of interest biz is getting from newfags right now. I see sell signals all over the place. I’m still not selling though because I don’t think I can time the market (and neither should you).

> What if the bear market doesn't come and even more people keep steadily flooding in as crypto seems to be getting more and more mainstream exposure?

>this time it’s different!
Whales will dump it eventually and a new generation of bagholders will be born.
Also you need to understand what controls the price of bitcoin. It’s not normie hype and media attention. It’s mining. That’s what s2f is based on. You really need to understand this basic stuff anon.

[Anonymous No.27369108]

>>27368725
>There are hundreds of paid shills on biz. There are also pump and dump groups. XRP was just pumped and dumped by 200k telegram group members.
200k is a big number is that just you throwing it around or could you link me something to read

>Whales will dump it eventually and a new generation of bagholders will be born.
Also you need to understand what controls the price of bitcoin. It’s not normie hype and media attention. It’s mining. That’s what s2f is based on. You really need to understand this basic stuff anon.

this is good advice

[Anonymous No.27369167]

>>27368691
>the user base seems to be all biztards
So what. Biz is now 99% newfag dumb money who are going to end up losing all their money. If the interest is primarily from biztards during a bear market - like it was with link - then that’s a different story.

>EOY
by the end of the year rubic and every other shitcoin will be -99% lmfao. By all means gamble your money but just don’t get left holding bags of worthless coins.

[Anonymous No.27369396]

>>27369108
>200k is a big number is that just you throwing it around or could you link me something to read
It’s been on biz the past couple of days just check the catalogue I’m pretty sure there’s still a thread about it.

[Anonymous No.27369972]

>>27368725
where do I go to buy Link?

[Anonymous No.27370108]

Quick question: Some devs/people say "LIQUIDITY LOCKED!" but how can you actually tell if it's true? On Uniswap.

[Anonymous No.27370304]

>>27369972
Coinbase, binance

[Anonymous No.27370970]

Bros I only have like 100 dollars in my exchange
Should I keep it there or move something to a wallet? Which wallet do y'all recommend?
Can I buy stuff directly from the exchange? Mullvad for ex

[Anonymous No.27372017]

>>27355318
kys faggot

[Anonymous No.27372971]

Alright, so... as long as you study and understand the crypto cycles, you'll be able to outperform any other retard on this board. The market goes through cycles, altcoin cycles and cycles where it's all only about btc. You need to remember something, 99% of the altcoins will eventually die out and be worthless in the future, but they're insanely good to trade as long as you have a strategy and SELL when you're in a big profit. You can predict the bitcoin tops and bottoms by looking at the NUPL chart on glassnode(red is the bottoms, meanwhile the moment it reaches blue you have to dump all your stuff), you'll have to buy their shit but it's only like 30$ a month and will save you thousands depending on your budget. Combine on-chain data with fundamentals and TA if you like the last one too. Follow people like IvanOnTech on youtube for daily crypto news, I know many people on here dislike him but he's a very good source of information and does a lot of DD on what he promotes. Follow Polkastarter public and private sales, don't buy retarded shills from pajeets, avoid centralized bullshit like XRP, study the market and good luck.

[Anonymous No.27373510]

>>27372971
Also obviously we have bear and bull markets that alternate. Buying now is not a good idea