Crypto trading for newbies

[JayJones]

On what basis do you make this conclusion?

Institutional money.
Hedge funds putting money into it now rather than Gold.
The huge price rise recently!

 

[bigdolly]

On what basis do you make this conclusion?

Corporate adoption of crypto is growing. We had such nice headlines like Tesla purchase of BTC, JP Morgan investment in it, etc. etc. It gives very sustainable momentum which is backed by market manipulators as well. Also, 2020 pandemic recession led to uncontrolled money printing from Central banks which naturally undermined trust in fiat currencies and also prompted investor to look for yield elsewhere because traditional assets like bond or bank deposits offer to low returns.

 

[FriendlyFX]

It will get to 100k in a couple years

Seeing as it's already over $50k it's on course for $100k sooner than years I'd say end of year

 

[FriendlyFX]

Wouldn’t recommend for some one new

Agreed well demo the hell out of it first and keep an eye on Fundamentals it's a huge factor

 

[Amina El Mehdi]

Is trading crypto for a newbie a bad idea, as in can the markets be read the same way as forex?

From technical and PA side it`s the same. But all other parts are way different and like other traders are saying - volatile. So may be it`s not a good idea for a newbie to start from crypto trading but if all strat from a long and deep demo trading and studying - why not.

 

[pashaev]

Institutional money.
Hedge funds putting money into it now rather than Gold.
The huge price rise recently!

Founds both invest and take them out. But gold reserves are stored on a balances states.

 

[pashaev]

Corporate adoption of crypto is growing. We had such nice headlines like Tesla purchase of BTC, JP Morgan investment in it, etc. etc. It gives very sustainable momentum which is backed by market manipulators as well. Also, 2020 pandemic recession led to uncontrolled money printing from Central banks which naturally undermined trust in fiat currencies and also prompted investor to look for yield elsewhere because traditional assets like bond or bank deposits offer to low returns.

Right. Just what is it for investors? To make money. Elon Musk started buying Bitcoin at 20. Then he made three attempts at oral intervention to get the market to pick up the wave. Now, in the region of 40-50, he sells the position. It worked. Bitcoin has stopped and nobody needs it. Simple speculation. All conversations are only in order to push the trend up and so that the big players can sell their position accumulated at the lower levels.

 

[bigdolly]

Right. Just what is it for investors? To make money. Elon Musk started buying Bitcoin at 20. Then he made three attempts at oral intervention to get the market to pick up the wave. Now, in the region of 40-50, he sells the position. It worked. Bitcoin has stopped and nobody needs it. Simple speculation. All conversations are only in order to push the trend up and so that the big players can sell their position accumulated at the lower levels.

I think we have to ride the wave and ignore matters like manipulations, fraud, etc. because it's just another kind of risk. If we accept it we can expect higher return, that's it.

 

[pashaev]

I think we have to ride the wave and ignore matters like manipulations, fraud, etc. because it's just another kind of risk. If we accept it we can expect higher return, that's it.

The risk must be justified and balanced. Simply taking risks for the sake of risk is the path to loss.

 

[perryjohn765]

Cryptos is not advisable for the newbies. Its highly volatile and can give high losses to a newbie. And this is can make the newbie quit trading