How did you faggots get into trading...

How did you faggots get into trading? I'm 18 years old and have $4000 saved in my bank account and I just want to start investing but don't know how. Any books/videos for beginners? Pic related I want to buy BTC and make millions before I turn 20.

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4000 ism't much senpai. This is a High Risk High Return game. Effectively you are gambling so don't risk what you can't afford to lose. OTOH, you aren't going to make it in this economy without some risk. Get Coinbase if you are brand new. It's pretty simple setup. Throw a few hundred in there to play with and learn. You'll learn pump/dump cycles and our terminology. Zig Forums is full of pajeets trying to shill shitcoins and people that see you as a mark so beware of any "advice" and do your own research.

Just sell your own used butt plugs on grindr.

Thanks for the advice. Yeah, first thing I noticed after browsing the board is how every other post is more of an advertisement than honest advice. I'm afraid without a proper base of knowledge I'll buy into these ads and lose all my money. Or, more probably knowing me, not trust anyone and leave all my money in the bank.

would you buy them from me?

If you're in for the quick buck chances are almost 100% that your $4000 will be reduced to $1000 within a week. If you want to go into Crypto, get 50% BTC, split the rest among Link, ETH, XRP. If BTC breaks ATH they will all move up significantly. You won't get rich, but you will make money.

don't buy shitcoins
don't buy ath btc when the normie media is shilling it
buy btc at any other time and hold for a few years
that's it
that's literally all there is to making it in crypto
shorting and trading crypto has smaller returns than poker
only investing makes sense

Same boat as you, but I started with 400 four years ago. Just watch vids on how to execute trades, check for white teams, follow the memes and remember to always take profits.

t. six figures

I've doubled my money by trading over the last week. You just need to know what you're doing

Nah, I'm not interested in making quick bucks. I have all I need and a steady income to live my life the way I want to. I'm more interested in investing my money for the long term, 10+ years. Damn 6-8%/year for the next 20 years sounds like an amazing ROI.
As much as I appreciate other people's advice on what and when to buy & sell, I'd love to be able to make these informed decisions on my own and lose or gain money on my own judgement.

Some good advice here for a change
Action that and DCA in with what you can afford to lose after that
Start with CB, get Metamask and UNI sorted and maybe a Binance account.
Add to your BTC stack with gains

Lol dude
Best advice about trading is not to trade but hodl and watch where the market cycle is
Check out Bob Loukas for some actual great advice on riding long term market cycles, watch all his videos more importantly the earlier ones

I've been in crypto since 2013 but only invested in 2017 because I was in highschool before that lol
I set aside $1000 to trade and $2000 try hold ethereum back then and although I never lost any money trading, my actual loss was in the opportunity cost of not just buying and holding that money instead in ethereum (or Bitcoin) to their unimaginable heights
For example, exactly one month ago if I showed you the current chart of Bitcoin with practically a straight line up to $19,400 on tradingview you would not believe me because you'd say "there will likely be a pullback/correction at $14k or $16k or $18k or $19.6k"
The same kind of thing happened in 2019 when Bitcoin was supposed to have resistance at $6,000 because it had spent months, almost the entire bear market bouncing on $6,000 before it went below
But then after April 1st 2019 it just blew past $6,000 with similar uncaringness as to now and many people got btfo by that
That's the problem with trading in crypto, you're making good profits for a while on one level, and then the market randomly decides to go to a whole different order of magnitude
Many charlatans will claim to be TA experts during the bullrun in this next year, OP
Be warned, don't follow them
Because anyone can make profits trading in a bull market

For the love of God OP, don't buy XRP
And don't spread yourself too thin, especially with your amount of money
Just get in to BTC, and LINK
Any other coins should be bought at your discretion because the board doesn't even know what's better than that
You don't really need to buy ETH if you own LINK because Link is kind of already a leveraged bet on the ethereum network anyway

>hey guise, how to trade? I want to invest
>clearly has a fundamental misunderstanding, or is merely pretending to be retarded
>let's take advantage of this guy and warn him about coins while at the same time shilling coins to him
Nah you guys are fags, dont listen to them OP. Trading is not the same as investing , first of all. Almost all traders, people who buy and sell stocks on a daily basis, lose damn near all their money, so dont even worry about trying to make money that way unless you're 9000+ IQ. Investing is when you buy into a stock and hold it because you know and believe in a particular company's success. Really, what you want to do is look up how to invest on YouTube, or rather basics of investing, what some of the terminology is, that kind of thing. I wish I had time to type this shit out, but go find the /smg/ thread on this board and read some of the stuff in the first post, investopedia is a good resource.

This
Was here during the last bull market and the amount of TA faggots that suddenly appear, claiming to be some crypto messiah making predictions about coins was ridiculous.

The biggest lesson that bull runs have taught me was that during it you'll start to get more involved, trade a bit more, buy more crypto. Everything's going up so all your trades are making money. You'll start to think you know what you're doing, and start convincing yourself to make more and more risky investments. It's a tough one to get past, and often you need to learn the hard way on this, but that bear market pullback from 20k to 5 taught me pretty fucking quick about about trading more sensibly

Start with the most basic low risk shit like DCA in and holding. Use 10-20% of your portfolio to trade so you can get some practice and find a strategy that works for you. If you lose that 10-20%, stop trading, and reinvest until you're back. Trade more. You will lose probably 9/10 trades for awhile, and get burned a lot. This is the casual filter of trading.

There are million things to trade in a million different ways. One of the most convenient and most popular is just accumulating sats by buying bitcoin while its low, trading into USDT when its high, and moving back into bitcoin when it drops again. Nothing fancy, just watching the charts and tending to your portfolio, but you will net solid trading experience.

Having a goal of a million is great, but the fast you try to trade, the faster you'll get the rug pulled out from underneath you. There is a reason slow and steady is the name of the game in trading.

with 4k you might get to 100k, assuming the upcoming GBR will get you a 25x on average

with crypto you better play along the 4-year market cycle, fully cash out at every peak and re-enter after capitulation

Get an account on Binance. Don't use leverage. Don't over trade. Make your own decision and learn from your own mistakes instead of getting spoonfed. Good luck user

all in on DOGE

...

Get coinbase set up
Get coinbase pro for less fees
If you work, put a percentage to the side each paycheck to invest with
Start buying when you think btc has dipped
Do this consistently either monthly/quarterly/weekly whatever
Kill your emotions and don't get attached to that invested money

Learning to distinguish good advice from bullshit is half the battle

I've watched a video about the 4 year cycle, will certainly look into it some more. From what I've gathered, even though BTC is at its highest recent value, it will probably still go up for what, approximately 2 years if it sticks to that 4 year cycle? And then it'll go down a bit before maybe starting another 4 year cycle, but also maybe transitioning to another type of cycle that I don't yet fully understand?
So if I get it right, if I have some disposable income(I'm ready to risk ~3-5% of my savings to invest in BTC right now), I should buy and wait for it to reach the end of the period in which it goes up, then sell at the point when I think it reached its highest. I'm asking because what I've seen seemed like a solid analysis but it goes against every instinct of mine - buying now, when BTC almost doubled in value in the last month and a half.

No
Bitcoin should peak sometime in Nov, Dec, or Jan 2021-22
The last year of the cycle is a bear market which lasts an extremely predictable amount of time about exactly one year
The last bear market bottomed exactly one year and one day after the last ATH
You should not pussyfoot around and use your whole savings right now, this goes against traditional investment advice but such is designed to net you that 3-5% ROI and is not suited to this sort of assymmertic upside/downside potential
The saying goes "never invest more than you can afford to lose" but at your age in the macro sense, losing $4,000 won't effect you long term at all
(And that's assuming Bitcoin goes to zero anyway, which for you won't even matter because you can claim up to $3,000 in capital losses in a given year)

When Bitcoin breaks its previous ATH of around $20,000 there will be a great demand flooding in from normies who were exposed to bitcoin during the last cycle and now see that it has surpassed it's previous all time high, and now they want to get in
I think a 25-30% correction is very likely though once we hit ~$19,700 (actual ATH) but it could happen or it could not happen no one knows

I can guarantee you though that we make it to $56,000 by the end of summer 2021
Many people will think it is topping then as well, wherever the price is, as they did at the end of summer 2017 when even people on Zig Forums thought that $3,000 was the top

Take advice from this board only until January, or about a month after we break ATHs
Old fags now are consolidating their positions and reveling in the culmination of plans from old times within sight, and so are freely giving away their advice and the board is not inundated with newfags yet

unironically this, op you have to listen to this user

Setting a goal like becoming a milionaire before a certain age can only have negative influence on your trading decisions.

Stop spoonfeeding the newfags, i need someone to dump my bags on.

an 18 year old who uses the proper full form "faggot" on Zig Forums? you got a chance kid. props. now ride the XRP hypetrain but exit before the dump on the 12th.

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Bump
There has been some actually great advice ITT for once
OP you need to listen to the anons here if you want to join us on the Citadel in the future
A rejection of a parabolic advance resulting in a bear market decline of 80% from the ATH throughout 2022 like last time might be your only chance to ever own 1 full Bitcoin and you will only do so if you start now

Options

>t. Turned 200-10k in a year thanks to redditniggers

>check for white teams
based

may I add that "Russian" teams aren't white
unless they are born out of Russia