willing to start with btc and other crypto currencies

[Justin Z.]

Hello everyone, I am currently 14 years old and I think now is a great time to start with BTC and cryptocurrencies, but I don't know anything about it.

So my question is: How can I learn things about trading in BTC, investing in BTC, blockchains and all that stuff?

Thanks, Justin.

 

[Niffauw]

First of all... Do you have any money?

 

[Franix]

*14 years old*
*sees a lot of people made money from crypto*
*wants to invest, knows nothing at all*
*loses all his money*

 

[Spifed]

first of all, you should understand that any investments made into crypto can get wiped in the blink of an eye. do your research on what you're investing in.

 

[Justin Z.]

First of all... Do you have any money?

Yes, I do, of course (Ik ben ook Nederlands)[DOUBLEPOST=1547416062][/DOUBLEPOST]

*14 years old*
*sees a lot of people made money from crypto*
*wants to invest, knows nothing at all*
*loses all his money*

That's why I want to learn how it all works![DOUBLEPOST=1547416079][/DOUBLEPOST]

first of all, you should understand that any investments made into crypto can get wiped in the blink of an eye. do your research on what you're investing in.

Yes, I do.

 

[Justin Z.]

A lot of people want to use bitcoin like you, and here's my reply to that. I, myself, do not claim to know a lot about it, but I will give you what I have learned from it.

Crypto currency isn't your normal coin, obviously.. But what people don't realise is the downside to crypto. The prices can change dramatically over the course of days, and if someone just makes an account and opens a wallet, you are defiantly prone to losing money. This is a good website to look at for the rise and decrease of; bitcoin, RXP, Ethereum, Bitcoin Cash, EOS, stellar, Tether, Litecoin etc. What is regarded as probably more effective way is to use technical analysis. Using fundamental analysis to project the BTC price and other Alt coin price will get your bankrupt. Technical Analysis is the way to go for crypto trading... TA helps you understand the bottom and the top of the price cycles. If you do not know anything about it, there are some websites like babypips, where you can learn the techniques of trading.

Bull vs. Bear Markets. The opposite of a bull market is a bear market, obviously; which is characterized by decreasing prices. A bull thrusts its horns up into the air, while a bear swipes its paws downward, it's hard not to understand what that means, bull means that the markets go up. Bear goes down. The Newbie/Greedy is showing that if you wanted to invest when the market has really gone up - You're an idiot, to put it simply..

Honestly.. I don't think that you should at the moment as it is at a downfall, but if you're prepared to lose dollars a day just for accounts sure, but honestly.. no..

Hope this helps.

Thanks for replying this. I will read it when I get home.