The first of our bitcoin trading tips is to proceed with caution and start with a relatively small investment.
Although it’s an exciting market with a reputation for making the lucky few substantial profits in a short time frame, it is by no means easy to trade bitcoin, and there’s huge risk involved.
Cryptocurrencies, in general, are extremely volatile. Avoid the temptation to go in all guns blazing and, instead, opt for small-stake trades that allow you to get a handle on the market with minimal risk.
Of course, the best of all bitcoin tips is to never trade with more than you can afford to lose.