When I started trading crypto I learned a lot about what crypto is exactly. However, what I did not know is how trading works and what the difference is between trading with crypto and normal stocks. Here are 5 tips that have helped me for beginner crypto traders.
Tip 1
Only invest money that you can lose. And once you invest it, just assume you've lost it.
Tip 2
An extra point for the first tip. Crypto is pretty much hit or miss. So what's not weird about crypto is that it will double tomorrow, be the same or be completely gone.
Tip 3
Do your own research and don't listen to others. Only you know what to invest your money in. Nobody knows where the course is heading. Many losses where caused because of this 'advices'.
Tip 4
As soon as the news or the environment talks about a currency, you are often too late. In my country the news hit that BTC reached a new peak. So after that a lot of people bought it. 2 days later it decreased severely.
Tip 5
Earn free cryptos. I'll leave a few links where you can get crypto for free.
Pi
Pi is a new digital currency developed by Stanford PhDs. You can mine Pi with your smartphone. To claim Pi, follow the link and use my username as your invitation code (STAB1995).
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Bee
https://bee.games/download.html
Like Pi, Bee is a new digital currency that can be mined for free via your smartphone. Go to the Website, download the app. Add stab1995 to the referral or referral and get 1 Bee absolutely free.
https://bee.games/download.html
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Rollercoin
https://rollercoin.com/?r=kl0x3blh
Rollercoin is a free crypto miner website. By playing some easy games you will be able to mine some crypto coins like Bitcoin, Dogecoin, Ethereum and Rollertoken. By playing the games the mining can last up to 7 days.
https://rollercoin.com/?r=kl0x3blh
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Alladin25
https://aladdin25.com/user/join?referral=de2cf0b0
By making an account on this website you will earn 100 TNC. Now its still in proces, but you might make some money with this in the future.
https://aladdin25.com/user/join?referral=de2cf0b0
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Cryptotab
https://cryptotabbrowser.com/19646312
Cryptotab is a browser where you will mine bitcoin by using the browser. It's that easy.
https://cryptotabbrowser.com/19646312
Good luck and have fun!
Kind regards,
Sascha
