7 RULES FOR SAFE BITCOIN TRADING FOR BEGINNERS

Seven simple, but very important and fundamental rules of trading in market Bitcoin and other cryptocurrencies, which will help beginners not to remain in losses.

On the wave of explosive growth in the popularity of cryptocurrencies and the abundance of news in the world media involving digital money exchanges, a host wanting to play and earn millions. However, most of them suffering losses simply because they do not respect the fundamental rules is a very risky game.

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1. You can play only on the money that can afford to lose. In any case can not invest in the cryptocurrency all your savings or to take loans that, sooner or later, will have to give. Game last money can not be calm, confident and long-term. And therefore leads to rash decisions and inevitable losses.

2. You need to buy only in the fall, and sell — on growth. As in life on cryptocurrency exchanges "behind the entire planet" moves the crowd. In the long term, against independent thinking people, the crowd is always to lose. So you need to buy before the growth, in the short or the long fall, otherwise you can fall into the trap of manipulators. And sell assets, respectively, increase when the price reaches the second half of the intended peak. At the same time, as a beginner, do not try to play actively on the rebound. Usually it ends in lost profit after a successful purchase or loss if perezagua will be chosen a bad moment.

3. Do not try to catch the minimum and maximum. Course run by so-called manipulators, which allow assets to raise or lower the price by a few tens of percent in just twenty minutes of active bidding. They can sow panic in the ranks of the newcomers and to control the rate of fall of the price growth. The maximum level of rising or falling prices of cryptocurrencies depends on the big players, but even they at all desire, at some point, you will not be able to guess the power of the panic or positive mood in the ranks of the General masses. So no need to wait for the minimum point of the fall and dream about the instant rise to specific heights. As a beginner it is better to fix profit at the level of "above average", otherwise you can not manage to sell BTC.

4. Can't play at short range with low trading volumes. Meager trading volumes suggests that in addition to bots no one plays. The so-called sorcery, players at short distances, observing waiting for the right moment. In such situations, when it is not clear what will happen and even relatively minimal purchase can adjust the rate that are included in the medium game.

5. It is strictly forbidden to play in the same direction for the entire Bank. Purchasing all of the available amount immediately displays the game. As rate control manipulators with millions of US dollars, not the crowd, and medium-term exchange rate dynamics poorly amenable to "technical analysis," the acquisition of the assets of the whole Bank can easily turn the player into a long-term investor. Absolutely a win-win for trading on cryptocurrency exchanges is to divide the Bank into 4-8 different directions. It could be Bitcoin, Litecoin, forks, pair or different currency. In this case, it is best to put orders for not more than 2-3% of the amount allocated for each position. In the case of a sudden dump of depreciation, this will allow us to recoup a small purchase at the discharge even in the case of the initial purchase at the highest values.
   For example, if your account is 1000 USD and a Bitcoin is around$ 1000 for 1BTC, then the maximum of$ 250 can go to the game for the pair BTC/USD. Suppose that the manipulators are deliberately inflates the price of BTC to thousands of dollars and in the worst peak time purchased assets by 3% from 250$, that is 7.5 dollars. Immediately after the purchase, in the process of active Pampa, there is a rebound to 920$ for the pair BTC / USD, during which you can actually manage to buy a further 7.5$ of bitcoins at the rate of 950$. If the bounce rate will continue to grow, even without additional purchases assets can be sold for 1050$ and above, as the price at the time of the Pampa on cryptocurrency exchanges is always changing by the same schemes. If the price continues to fall, it will be possible to continue to buy bitcoins at certain price thresholds. Points for purchases can be steps in 20, 40 or even 50 dollars in the fall, depending on the history of the pampas and the supposed fall. Thus, even the erroneous buying at the peak before the reset will not be fatal, because buying the assets at$ 1000 will always be able to pay off at the rate of 300, 450 or even 600 US$ for 1 BTC. In addition, the availability of funds after wrong purchase will allow you to feel confident and make the right decisions, due to which potential losses are offset and will turn a profit immediately after purchase on minimum value and sales during the rebound. Such tactics will not bring much money if the Bank is only a thousand dollars, but it will help to learn to play, to feel the exchange and not lose all their savings. And later these skills will bring good profit in the game at short and medium ranges.

6. Strategies and order need to record. When playing at any distance, with the exception of long-term investments, recording planned and completed orders in each direction will help to calculate the average purchase price and form a strategy to sell at a certain stage.

7. You should not listen to and believe in what you write in the exchange chat. The vast majority of forecasts in the chat is based on personal expectations or technical analysis, trends that often don't work for cryptocurrency exchange. Forex strategy and all the analysis with the world-famous exchanges with multibillion dollar revenues is not running in the environment of cryptocurrency simply because one player with 25 million dollars in the correct time to raise or bring down the rate 20% in just 45 minutes. Accordingly, any form of analysis and prediction could become incorrect due to one single player, hacked the wallet, invented news and other factors from a number of force majeure. And if something with 100% certainty may not work, the risk is high it doesn't work at all.