Some Tips for Entering the Altcoin Market
Here are some tips for newcomers entering the altcoin market. That is, tips for beginners buying cryptocurrencies that aren’t Bitcoin.
Cryptocurrency Investing and Trading
A section on cryptocurrency investing and trading tips and tricks designed for novices, but with insights anyone can enjoy.
For informational and educational purposes only.
The Relationship Between Altcoins and Bitcoin (Simple)
Bitcoin’s price movement generally affects altcoin prices. The relationship isn’t always predictable, but there are some common trends.
Attention New Cryptocurrency Investor, Don’t Let a Correction Shake You
Attention New Cryptocurrency Investor: Every few weeks (if not less) Bitcoin corrects by 5% – 20%, as do other cryptocurrencies. Often they all do at the same time. Don’t let that worry you.
What Will Futures Trading Do to Bitcoin and Altcoins?
Although no one knows what the effects of futures trading will be, one should keep in mind that futures could have an uplifting effect on Bitcoin.
Suggestions on What to Do if You Bought Bitcoin at the Top
If you bought Bitcoin in the $17 – $20k range, you might be starting to feel fear and regret. That is normal, but your best bet is to shrug it off.
Bitcoin TIP: Set Stops, Average, Buy the Dips, and Hold
If you are buying Bitcoin today, here are a few general tips that could help you trade in volatile times: Set stops, average in, buy the dips, and hold.
Beware the Bitcoin FOMO (Fear of Missing Out on Bitcoin)
It’s normal to feel stressed out that you didn’t buy Bitcoin yet (or sold too early)…But, don’t let the Fear of Missing Out on Bitcoin cloud your judgement.
FUD and FOMO Explained
FUD describes the spreading of “Fear, Uncertainty, and Doubt” (typically through media). FOMO describes the “Fear of Missing Out.”
A Coin Just Had a Big Price Increase, What is the Best Move?
It isn’t uncommon for a given crypto to see a price increase of 30% to 200% in a week. We go over some tactics for buying/selling in these times.
TIP: Watch the Order Book
Most exchanges will offer different ways to look at the order book (open buy and sell orders). This information is vital for finding entry and exit points.