How to start trading with 1 BTC? What is the first step?

[McCree 713]

On 1/31/2020 at 7:10 AM, hina786 said:

So I have been attempting to learn as much as I can about bitcoin as I am truly inspired by it. I have not purchased a lot yet, only 40 bucks worth. I am extremely simply attempting to follow through on consideration regarding the costs, find out pretty much all the various trades, wallet types and all the various terms and what they mean before I truly make a plunge. I saw immediately that various sites will regularly change somewhat in the cost. All things considered, I don't think I have ever observed it be the equivalent. At any rate I just found a good pace non program based wallet for windows (electrum) and when I was picking the fiat cash and where it would get the current BTC costIn future  bitcoin over come paper money
 

That is a better idea, instead of trading 1 BTC, the OP should start with $40 dollars and trade with that because that is not a lot of money to lose, as this is just practice money.

[Goody28 259]

On 11/11/2019 at 5:29 AM, Jhon Ryan said:

So i have decided i will start trading with 1BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers   

One key in using to choose a good trade techniques is by doing researches and findings you can   read good books online pertaining to cryptomarket trading it will help you greatly

[Gg233 1061]

If you have that much amount then find a good exchange it is really important because if you have bad exchange then you will lose money I recommend to use exchange that is secure and not will take your money and also has low fee.

[ammarfares 95]

On 11/11/2019 at 6:29 AM, Jhon Ryan said:

So i have decided i will start trading with 1BTC first. I have read many people suggesting me to day trade and earn some good profit daily.
Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions
so how can i start and where can i start?
where to learn the basics? some good books?
how much profit can i expect daily in the beginning?
How to avoid major loss?
is there any professional traders that allow to follow their trades and they charge some fees for it?
Waiting for your answers   

Frist read books and search about the basic to know how to trade .the profit and loss are different none can tell you but to avoid major loss never buy coin with more than 10%of your money . And never follow any one just follow yourself.

[Epic 289]

First read a few articles about the different currencies in the market to give you some ideas on which coin has practical application. When trading dont buy the market price of the coin but set your own price, just make sure the price is reasonable. Always do your transaction in the peak hour of trading when trade volume is high, you have a higher chance to get the price you want.

[BitMart 326]

1 Bitcoin is very big amount and this can turn your fortunes in either way just you need to set your goals and then jump into this as without any target and search this is not going to help you any way read all fundamenals of trading all information about wallets security is also very important for your funds start from small amounts and keep eye on markets and around for all highes and lows.

[kadayakito 765]

Oh, you want to ask all this. so I recommend you go to "bitcoin" and read the articles there, this is a way of learning. Or you can learn from google or youtube.

[Jhadhasan 872]

You must first learn technical analysis. I think John Murphy’s books are the best in this field. There can’t be a fixed percentage for your profits, it depends on the movement of the market. You have to be firm in capital management.

[Maaz sultan 265]

You need some knowledge for start trading business and this forum gives you your first investment bitcoin to invest on the crypto market .But invest on those coins that have market other wise you get lose .

[Gunhoo 91]

If you're a beginners in the world of crypto trading, I think using 1 bitcoin for a first start is very risky. Why not use only a very small amount first, to get you know how trading works. You also need to know which coin is good. Understanding how to make a good research, know how to read the charts and a lot of other things.

[Ayush Singh 1175]

Yes its right that if you are beginner or don't have any experience then you should start your trading activities by low amounts which will help you to gain good profit and also if you will not gain profit then you will also not suffer huge loss.

[Mohssine 1725]

You have a good amount to star trading is big. And you never fin a problem if you already learned how trading 

[Mohssine 1725]

The first step you should bb try trade in a demo account for never lose your money 

[Remember 5th of November 121]

First thing don't open any deals before you learn some about crypto and analysis and management your money.

[Zezo 306]

You can start from YouTube. There are a lot of courses on using platforms and analysis. I do not advise you to invest before you learn it well

[Zezo 306]

5 minutes ago, lizil said:

Try to purchase the leading 10 cash, like xrp, xlm, dash, eth, doge, ltc, bat, bnb, eos or yo. Buy such a cash while the fee goes down and provide when the fee goes up.

This is a good idea, and I started investing this way. I bought a small amount of a variety of currencies, but you have to choose strong currencies and good projects to guarantee profit.
Personally I don't find that yo and doge coins are a good investment

[khaler 1549]

If you have information about trading, you must start by buying some currencies whose price is expected to rise. Do not put your capital in one currency. Distribute your capital to more than one currency that may rise and profit from it.

[Hendy1 370]

Yes first making a plan is the most important thing before or after trading. Second take a daily trading strategy or swing trading use the TA and FA indicator tools to make decisions in trading. The third is managing finances at least 40-70% by taking 3 out of coin trading. Yes this is a simple step.

[hamadahajali 394]

You must first learn the analysis, and instead you can divide the capital into several sections and do not enter into a single currency with all your balance and try to use a simple strategy in principle to achieve 2% per day and do not covet because greed leads to loss

[Brushless4500KV 4214]

5 hours ago, Rimon 970 said:

In that case you must first choose a real investment site.  Then you need to make an investment plan.  After all this, you have to invest. In fact, I have to choose a good site to invest in.

Most investment sites are HYIPs which are scam projects. The OP has asked about how to trade with 1 BTC, he didn't mention anything about investing. The first step to trade with 1 BTC is to find a good trading pair to trade BTC against another coins. Altcoins can be good pairs for bitcoin. These days BTC/Yoda can be a good pair because Yoda have enough volatility which can be profitable. Yoda is already very cheap and once it rose to $0.13 a few days ago. I think it has the potential to go higher than $0.15 easily.

[Shahud 1319]

As 1 bitcoin is a very big amount to invest.think before you invest it.if you win then you will end up with multiple bitcoins profit if not then it will be a big loss.so i suggest you to keep some part as a safety amount.and to start trading you first choose a good coin to trade then do a long term trade to get good profit

[scorpiali 5626]

17 hours ago, Muhammad Imtiaz said:

Well suggestion. I agree you should trade with half of the btc and see and evaluate the market stratigy.if you gain profit then after that again first analyse market value then invest half of the amount. never trade will all of your capital ,you have.

Yes right it's a good strategy with half and half don't put all your money in one investmen plan , and if you can find many plan of investmen it will be better every plan put some

[el-Muhammady 718]

The first step you need to take is to meet a old trader to tell you about Cryptocurrency trading so you can have some strategy to use while trading in the market

[Whydoyoucare 1094]

Trading bitcoin is really fast because its at the top of the currency right now, Its just how are you going to do the right decision. All i can say is always be wise in trading.

[Shaza Ahmad 1682]

I think you should be a little bit cautious, do not trade with 1 bitcoin without previous market experience, if you want to learn enough $ 100 and when you find yourself making profits and developing yourself with the analysis, then you will make good profits with 1 bitcoin capital.