Teach Men To Fish - Crypto Trading Tips To Attract Many More Crypto Users and Traders

Your Best Crypto Trading Tips For Newbies.

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Have you tried putting some money into crypto-currencies and/or cypto-trading? If yes, did you lose or gain?

Would you agree that if you are more knowledgeable, the outcome could have been better, regardless of whether you lost or gained? Many crypto enthusiasts have made up their minds to be FUD(Fear Uncertainty & Doubt) agents. Some even think that they are being paid by some other people. FUDs are aimed at making the water of crypto trading as murky as possible, thereby lessening the chances of other traders to make a wise decision and driving the market on the direction the FUDster would like it to take. Fudsters get short term gains, but if we would look at the larger picture of crypto-verse, it is in a way counter-productive. Because the people who lost substantial money by acting on wrong information can become dishearthened about crypto and they may go away taking along with them the prospects of having more people, who could have joined the crypto user base, if only they were enthusiastic enough to invite others in using crypto-currency.

Although we also have to accept the fact that there will always be losers and winners in a given trade transaction, losing because of being misinformed is a lousy way to be it.

There is only one sure antidote against these FUD activities. Being correctly informed.

Here are some of my tips:

  1. Research, research, research and research. - If you are interested in a crypto, find as much as you can about it. For example: STEEMIT (Steem), you can search for their:
  • official website (online office)
  • official forum (where is the community of users)
  • white paper (technical explanations about the project and some)
  • List of Team members (who are behind this project)
  • Roadmap (plans)
  1. Then when you are sure you liked what you found and is willing to put some money in it, only place an amount that you can afford to lose without resulting in major trouble for you. Learn to properly use their "wallet" and how to secure it from being lost, hacked or stolen.

  2. Choose a reputable crypto exchange to do your tradings.

  3. and the last one I would like to mention, - protect all your log-in credentials with 2FA as much as possible.

When you are correctly informed, you will be confident on the positions that you take about any crypto coin, because you know what you are basing your decisions on. No amount of FUD can beat that knowledge.

How about you?

Do you have a very good tip for crypto new comers? Do you agree that if more people would enjoy trading, more people would be attracted to join crypto user base? Do you also agree that if more and more people join the use and trade of crypto, the combined market caps of crypto currencies will rise and would mean more financial gains for every one?

If so, would you kindly comment your own best-lesson-learned that may help a green apple, find his footing in this exciting and dangerous road we call crypto trading? Thanks in advance for sharing... you may never know but your info may save a family someday. -east

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Great advice, crypto trading can be pretty crazy sometimes, there is fud and hype everywhere!
The most important thing is not to fomo when a coin is pumping and end up buying at the top of a spike, generally if a coin has spiked it WILL correct itself, however long that takes. My favourite approach is the 'little old granny technique' taught by Brian Beamish from the 'altcoin trading and talk show', this involves making measured purchases on coins that have corrected and are in the 'reload zone'. The little old granny technique is great because you can gain quite a large spread with little downside risk. This helps with the fomo because you have stakes in many coins. It also helps if a coin has some volume and is not completely dead!
If I am going to buy a coin however pumped or crazed I am about it I always have one last look at the coins BTC talk ANN discussion just incase things have suddenly gone belly up and the dev has left town, or something.
On my twitter I follow ALL the coins, that way I can see who is active and not miss any news releases. I also follow a few good traders, crypto news sites and subreddit's.

Nice pointers! They will surely help a lot of people.

Which traders do you follow and how do you follow them? Do you mean just reading their blogs?

@jonno-katz, No, I don't follow anyone in particular nor do I have knowledge of any trader's blog...do you know any?

Here we go, we are having an ITO for the membership token, I hope you can join us. https://steemit.com/crypto-news/@easteagle13/a-traders-guild-for-crypto-traders-is-now-here

Here we go, we are having an ITO for the membership token, I hope you can join us. https://steemit.com/crypto-news/@easteagle13/a-traders-guild-for-crypto-traders-is-now-here

I think this post can help. I personally believe that because of emotions...charts are just showing history, a bit too late...what lies ahead can take any of the opposing directions. That is to say;" when the price is right. FORGET the CHARTS!" https://blog.whaleclub.co/why-i-never-use-indicators-when-i-trade-bitcoin-19df707ab81c#.gz7k828ub

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