Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: JasonK94Z on August 02, 2017, 03:07:19 PM



Title: New to BTC, and overwhelmed
Post by: JasonK94Z on August 02, 2017, 03:07:19 PM
Didn't see an introduction section here.  

Bought some bitcoin at an ATM a few days ago.  Currently keeping it in breadwallet.  I have also signed up for bitstamp so maybe I can purchase alt coins online now.  

There is so much to learn, and I'm not really sure where to start.  I'm seeing Ripple, Waves, Ethereum, ICO's, etc.  Is there anywhere a newb can go to learn about all of these currencies?  Videos?  (reading sucks lol)

Any good places to watch prices?  I'd like to buy at least $200 of coins per month.

I'm in this to invest over a long period of time.  A friend at work turned me on to all of this.  He is using Exodus on his pc for a wallet.  I used breadwallet because working from my iPhone is easier sometimes.  

Anyways, glad to be here and to join this awesome community!


Title: Re: New to BTC, and overwhelmed
Post by: CryptosapienZA on August 02, 2017, 03:20:51 PM
Welcome to the world of crypocurrency. If I were you, I wouldnt be making any purchases this week. There's a possibility of a lot of volatility. Take this time to watch as many YouTube videos and read as many white papers(I know it sucks) as you can. Cryptos are here to stay, there is no rush. Go to Coin Market Cap and look into the top 10 initially, then top 20. Go to their websites.


Title: Re: New to BTC, and overwhelmed
Post by: JasonK94Z on August 02, 2017, 03:23:43 PM
Welcome to the world of crypocurrency. If I were you, I wouldnt be making any purchases this week. There's a possibility of a lot of volatility. Take this time to watch as many YouTube videos and read as many white papers as you can. Cryptos are here to stay, there is no rush.

Thank you.  I'm going to kick back and keep an eye on things for a couple of weeks.  Then I will wait for a good time to jump in a a couple of currencies when/if they drop in price some. 


Title: Re: New to BTC, and overwhelmed
Post by: maeusi on August 02, 2017, 03:36:01 PM
Hi, you can find many good tips and help as beginner in bitcoin world and about other cryptocurrencies. Here https://bitcointalk.org/index.php?board=39.0
As newbie this section could be very interesting for you, just to get a common insight of bitcointalk, functions, rules and all you need to get a good start.


Title: Re: New to BTC, and overwhelmed
Post by: paragoncoin on August 02, 2017, 03:40:11 PM
Thanks for the links!

thoughts on how long volatility might last?
or what kind of things might suggest less volatility on the horizon?


Title: Re: New to BTC, and overwhelmed
Post by: Quantus on August 02, 2017, 03:41:41 PM
Start with this
https://www.youtube.com/watch?v=bBC-nXj3Ng4

also this thread about creating great passwords.

https://bitcointalk.org/index.php?topic=1822653.msg18152557#msg18152557


Title: Re: New to BTC, and overwhelmed
Post by: JasonK94Z on August 02, 2017, 03:46:43 PM
Awesome links.  Thanks everyone! 


Title: Re: New to BTC, and overwhelmed
Post by: jakelyson on August 02, 2017, 03:58:46 PM
Delicate time to join bitcoin world. the chain just split and even some people with a bit of experience in crypto are getting confused, much more for a newbie. There are great reads in the beginners section of the forum, I advise you read even if you are not too much into reading. It is the best way to learn crypto.


Title: Re: New to BTC, and overwhelmed
Post by: CryptosapienZA on August 03, 2017, 03:49:31 PM
Welcome to the world of crypocurrency. If I were you, I wouldnt be making any purchases this week. There's a possibility of a lot of volatility. Take this time to watch as many YouTube videos and read as many white papers as you can. Cryptos are here to stay, there is no rush.

Thank you.  I'm going to kick back and keep an eye on things for a couple of weeks.  Then I will wait for a good time to jump in a a couple of currencies when/if they drop in price some.

thoughts on how long volatility might last?
or what kind of things might suggest less volatility on the horizon? 

Noone knows how long the volatility will last. I think the rest of 2017 will be highly volatile due to all these changes, the hardfork/segwit/then 2x . Some do jump right in, it all depends on your risk tolerance. Personally I when  i go in, I go in gradually and not at one go. That helps in understanding some of these platforms before you have put in a lot of money.



Title: Re: New to BTC, and overwhelmed
Post by: bitcoinmaniac52 on August 03, 2017, 03:56:54 PM
Didn't see an introduction section here. 

Bought some bitcoin at an ATM a few days ago.  Currently keeping it in breadwallet.  I have also signed up for bitstamp so maybe I can purchase alt coins online now. 

There is so much to learn, and I'm not really sure where to start.  I'm seeing Ripple, Waves, Ethereum, ICO's, etc.  Is there anywhere a newb can go to learn about all of these currencies?  Videos?  (reading sucks lol)

Any good places to watch prices?  I'd like to buy at least $200 of coins per month.

I'm in this to invest over a long period of time.  A friend at work turned me on to all of this.  He is using Exodus on his pc for a wallet.  I used breadwallet because working from my iPhone is easier sometimes. 

Anyways, glad to be here and to join this awesome community!

You are on the right track. Buying and holding is hands down the best safe way to make big profit with Bitcoin/crypto.

As for your other questions, I will do my best to give a brief, simple explanation for you.

All of the brands you mentioned offer a different "spin" on Bitcoin technology. They have their own unique features, but none of them are as popular as Bitcoin.

ICOs are not currencies. ICO stands for "Initial Coin Offering" which means a  company is selling their own cryptocoin. Sometimes you can make good money buying ICOs and other times they are complete scams. As you are  abeginner, I would not recommend it.

By the way, ICOs are generally hosted on the Ethereum network. What is it? Ethereum is made by Microsoft. They are highly reputable and their platform allows anyone to make their own "token", similar to a cryptocurrency. You can sell this token to provide a service, which is what ICOs are for.

Going forward, I would not suggest buying BTC from ATMs. They have higher fees. You can get it from Coinbase or exchanges for cheaper, or purse.io.

Finally, in the past week there has been tons of drama which I will not get into. Long story short - the US gov. is cracking down on crypto now, so be very weary where you deposit your Bitcoins... make sure only you control your private keys.


Title: Re: New to BTC, and overwhelmed
Post by: eternalgloom on August 03, 2017, 04:04:35 PM
A good place to start is on Youtube, you'll find a lot of video's explaining Bitcoin and all other crypto currencies.
One specific channel that I follow is called 'The cryptoverse', he talks about Bitcoin and altcoins and whatever is in the news regarding crypto.

Check it out here:
https://www.youtube.com/channel/UCLnQ34ZBSjy2JQjeRudFEDw


Title: Re: New to BTC, and overwhelmed
Post by: TomUyamot on August 03, 2017, 04:12:48 PM
Didn't see an introduction section here.  

Bought some bitcoin at an ATM a few days ago.  Currently keeping it in breadwallet.  I have also signed up for bitstamp so maybe I can purchase alt coins online now.  

There is so much to learn, and I'm not really sure where to start.  I'm seeing Ripple, Waves, Ethereum, ICO's, etc.  Is there anywhere a newb can go to learn about all of these currencies?  Videos?  (reading sucks lol)

Any good places to watch prices?  I'd like to buy at least $200 of coins per month.

I'm in this to invest over a long period of time.  A friend at work turned me on to all of this.  He is using Exodus on his pc for a wallet.  I used breadwallet because working from my iPhone is easier sometimes.  

Anyways, glad to be here and to join this awesome community!

First of all, welcome to the world of crypto bro!

Since you are a beginner, perhaps you can browse and read threads and specific posts here https://bitcointalk.org/index.php?board=39.0. This is Beginners & Help, just under Other section.

This thread is specially made for beginners like you. It is of great help. I also spent a lot of time there when I was starting here.


Title: Re: New to BTC, and overwhelmed
Post by: JasonK94Z on August 03, 2017, 04:46:34 PM
Thanks for the replies everyone.  I have been reading and watching some videos on YouTube.  Trying to take in as much as I can.


Title: Re: New to BTC, and overwhelmed
Post by: Juggy777 on August 03, 2017, 04:52:35 PM
Didn't see an introduction section here.  

Bought some bitcoin at an ATM a few days ago.  Currently keeping it in breadwallet.  I have also signed up for bitstamp so maybe I can purchase alt coins online now.  

There is so much to learn, and I'm not really sure where to start.  I'm seeing Ripple, Waves, Ethereum, ICO's, etc.  Is there anywhere a newb can go to learn about all of these currencies?  Videos?  (reading sucks lol)

Any good places to watch prices?  I'd like to buy at least $200 of coins per month.

I'm in this to invest over a long period of time.  A friend at work turned me on to all of this.  He is using Exodus on his pc for a wallet.  I used breadwallet because working from my iPhone is easier sometimes.  

Anyways, glad to be here and to join this awesome community!

I normally do not like newbie posts, but this is a sincere one, welcome here op. For prices hop onto preev.com, as far your coins store them in electrum wallet, no idea which wallet you stored your coins in. You can buy coins here to but only buy from trusted members, who have lots of green and check their latest posts. Yes Bitcoins is good investment. There lot to learn and ps don't ever post your privates keys anywhere be careful with that.


Title: Re: New to BTC, and overwhelmed
Post by: freeyourmind on August 03, 2017, 05:02:37 PM
Go to coinmarketcap.com to see all of the different cryptocurrencies available for trade.  Keep an eye on that periodically to observe the movements and volatility of coins you're interested in.

There's some general info on Bitcoin for beginners here https://www.coindesk.com/information/

Enjoy.


Title: Re: New to BTC, and overwhelmed
Post by: Heartilly on August 03, 2017, 05:11:20 PM
As like what everyone has mentioned here, indeed, the best way to gain information is by reading. You can read and explore thread for beginners here in this forum or you may want to research on Google. There are endless source on how you can learn all you need to do is to be patient enough. Also, interact with the people here in this forum that you feel is truly knowledgeable. Like you, I am a bit confused, and yes, overwhelm at the same time by lots of information that you need to keep in mind (much likely since bitcoin now is increasing it's popularity). There is so much to learn so be more open minded.


Title: Re: New to BTC, and overwhelmed
Post by: eXpl0sive on August 03, 2017, 05:36:54 PM
Is there anywhere a newb can go to learn about all of these currencies?  Videos?  (reading sucks lol)

https://www.youtube.com/user/aantonop


Title: Re: New to BTC, and overwhelmed
Post by: exstasie on August 03, 2017, 06:08:08 PM
Welcome to the world of crypocurrency. If I were you, I wouldnt be making any purchases this week. There's a possibility of a lot of volatility. Take this time to watch as many YouTube videos and read as many white papers(I know it sucks) as you can. Cryptos are here to stay, there is no rush. Go to Coin Market Cap and look into the top 10 initially, then top 20. Go to their websites.

Seems like that volatility is nowhere to be found yet. The price has been quite stable considering the crazy 25% daily candle the other day, and the context of all this FUD about forks and chain splits.

Interesting that Bitfinex opened BCH markets. It's still holding in the $300s on considerably higher volume than BTCUSD.


Title: Re: New to BTC, and overwhelmed
Post by: wantjokull on August 03, 2017, 06:16:47 PM
Looks like you started pretty well. It's good thing that you are having ATM near you to access the bitcoin on the go. You can learn about bitcoin by surfing around the forum really. I know there is no specific thread but you can choose topics step by step and work out the math.
You should learn about few important topics such as, where to invest your bitcoin, how to trade your bitcoin, how to mine bitcoin (very hot) and much more.

You can earn bitcoins from this forum as well by making yourself useful to other companies to promote them by wearing their signature. Checkout about this in services section. Hope you enjoy the bitcoin world.


Title: Re: New to BTC, and overwhelmed
Post by: trecore4 on August 04, 2017, 02:10:44 AM

You can start searching straight on the YouTube if you don't like reading. Lols.

There are plenty of videos bitcoin (like too much). Anyway you should get all into reading really. The forum is really interested and you can know many things from it. You will need to give sometime to develop the interest. You will find how important this forum is and it will become part of your breakfast, lunch, dinner too. Lols.



Title: Re: New to BTC, and overwhelmed
Post by: Ultegra134 on August 04, 2017, 02:20:29 AM
Welcome to the forum, currently the best website to keep track of Bitcoin and other cryptocurrencies' price is Coinmarketcap.com. You can find plenty of information in both Youtube and on the forum if you are willing to spend some time reading and looking around for information here.


Title: Re: New to BTC, and overwhelmed
Post by: Vanester2014 on August 04, 2017, 04:36:10 AM
Welcome to the team of all bitcoin users here in bitcointalk i am also a new in this furom but i already started a bitcoin and now im holding a few altcoin and bitcoins not that much but i am so happy to have it i am also planning to save it for a long term to hit the good price for it.


Title: Re: New to BTC, and overwhelmed
Post by: Smarty14392 on August 04, 2017, 05:42:12 AM
You should find some help in the beginners section. You will find some help there. You can also find price for altcoins on yobit.net and you can start your trading there. Purchase some coins which are low and sell them when they are high. It usually gives a good profit form me and also you can start with some low investment. Just you will need a good research and a good knowledge. Spend some time here on this forum and surely you will get some good knowledge here.


Title: Re: New to BTC, and overwhelmed
Post by: Kemarit on August 04, 2017, 10:11:44 AM
Is there anywhere a newb can go to learn about all of these currencies?  Videos?  (reading sucks lol)

https://www.youtube.com/user/aantonop

Yeah. Anton videos are really helpful for beginners and I'm a avid fan of his. One of the most respected figures in bitcoin.

Didn't see an introduction section here. 

Bought some bitcoin at an ATM a few days ago.  Currently keeping it in breadwallet.  I have also signed up for bitstamp so maybe I can purchase alt coins online now. 

There is so much to learn, and I'm not really sure where to start.  I'm seeing Ripple, Waves, Ethereum, ICO's, etc.  Is there anywhere a newb can go to learn about all of these currencies?  Videos?  (reading sucks lol)

Any good places to watch prices?  I'd like to buy at least $200 of coins per month.

I'm in this to invest over a long period of time.  A friend at work turned me on to all of this.  He is using Exodus on his pc for a wallet.  I used breadwallet because working from my iPhone is easier sometimes. 

Anyways, glad to be here and to join this awesome community!

Welcome to the forum. Glad that you have bitcoin already and safely secured in your wallet. There are a lot of exchanges or trading platform like Coinbase, Poloniex, GDAX maybe if you have time you can go and check them out. I think the best place is really our forum for all your questions. Just go around the forum and check different threads here. And others have pointed out coinmarketcap to see which coin is trading with good volumes. I also recommend several bitcoin news outlet that you can go like:

news.bitcoin.com
cointelegraph.com
coinidol.com

But I would really recommend this forum because there are a lot of senior members here that are technically knowledgeable about bitcoin. I hope that you will spend a lot of time here and probably be one experienced investor or trader in the years to come. Goodluck.


Title: Re: New to BTC, and overwhelmed
Post by: Vaskiy on August 04, 2017, 10:19:31 AM
Welcome to the forum, currently the best website to keep track of Bitcoin and other cryptocurrencies' price is Coinmarketcap.com. You can find plenty of information in both Youtube and on the forum if you are willing to spend some time reading and looking around for information here.
Our forum is the best one can get all the information regarding bitcoin as well other digital currencies. Coinmarketcap gives a detailed overview about each and every digital currency that get into existence. At the beginning days people try to scam the newbies, better is to stay cool and be secure.


Title: Re: New to BTC, and overwhelmed
Post by: Justaguy2 on August 04, 2017, 10:30:35 AM
Hi man, i too got help so jumping into the thread do do my part :p.

You should learn a bit about trading https://www.babypips.com/learn/forex/preschool

II's a free course you can do and a very thorough one! It will teach you how trading on forex works. This is important because there will be moments that dollar signs will come in your eyes, and you will have to remember that the big guys are the ones who own the game. You can ride some waves but it is very risky. I for one will not risk trading and will only hold, but this course made me realise that it is the best thing to do for me.

Allso remember, when the market is doing bad it will be an opening for new opportunities. When the market is doing good like now you should be carefull.

Get a account on this site https://altpocket.io/?ref=2cz2FEItA it has a very nice interface and you can easily keep track of your coins even when they are cold stored.

You will start asking what good coins are and should be aware that most people will just say what they have in there pockets. So key is to do your research when you want to invest in alts.

Have fun and enjoy the ride, it is never to late to hop on the train.


Title: Re: New to BTC, and overwhelmed
Post by: Adbitco on August 04, 2017, 10:55:20 AM
Welcome to bitcointalk and cryptocurrency world. Explore each and every section of bitcointalk and you will get some very informative and useful stuff for you to understand almost everything you may be looking for. After you have done it the entire internet is yours. You can get to acquire a lots of knowledge about cryptocurrency on the internet and every time you find something hard to understand or you think something is not authentic, you can always ask for help here on bitcointalk. This forum has some really experienced and learned members who would be pleased to help you.


Title: Re: New to BTC, and overwhelmed
Post by: Tamilson on August 04, 2017, 11:23:15 AM
Welcome brother to the crypto world. Where pumps and dumps are just around the corner.
Well you can start at beginners and help to know the forum rules so you will know the do's and dont's here so your account will not get ban or get a red trust. Then yeah there are many self help videos in youtube and latest article that are very informational and trusted at coinmarketcap.com
And when investing please read and analyze first the market so you will not get easily be fooled.

Again, welcome and good luck to you brother.


Title: Re: New to BTC, and overwhelmed
Post by: jorneyflair on August 04, 2017, 11:41:44 AM
Welcome! Can't believe you live in one of the places that have bitcoin atms, I have heard about them but still haven't seen one in real life.

Would recommend you making any transactions for the rest of the week since bitcoin just forked into bitcoin cash and we still seem to be recovering.

Good place to watch places would be preev.com, it is super easy to use and lightweight. Would also recommend a hardware wallet like trezor or ledgerwallet since they are safer.


Title: Re: New to BTC, and overwhelmed
Post by: warrior333 on August 04, 2017, 11:49:12 AM
It seems to me that it is best now to pause and wait. From you nothing depends. If the new altcoins will survive in the market of crypto currency you will be rewarded because they got you for free, and if they don't survive then you have nothing to lose except for coins which are worth nothing.


Title: Re: New to BTC, and overwhelmed
Post by: ValVikram on August 04, 2017, 12:16:49 PM
Welcome. Be prepared to be absorbed in this subject and convulsively follow the course of the Crypto-currency.
I'm also new.


Title: Re: New to BTC, and overwhelmed
Post by: dothebeats on August 04, 2017, 12:29:20 PM
Didn't see an introduction section here.  

Bought some bitcoin at an ATM a few days ago.  Currently keeping it in breadwallet.  I have also signed up for bitstamp so maybe I can purchase alt coins online now.  

There is so much to learn, and I'm not really sure where to start.  I'm seeing Ripple, Waves, Ethereum, ICO's, etc.  Is there anywhere a newb can go to learn about all of these currencies?  Videos?  (reading sucks lol)

Any good places to watch prices?  I'd like to buy at least $200 of coins per month.

I'm in this to invest over a long period of time.  A friend at work turned me on to all of this.  He is using Exodus on his pc for a wallet.  I used breadwallet because working from my iPhone is easier sometimes.  

Anyways, glad to be here and to join this awesome community!

Hi and welcome to bitcointalk!

I assume you have read all of the basic things you need to know about bitcoin. Furthermore, don't stress yourself up in reading things about other coins since you will have a grasp about their workings once you fully understand how bitcoin works. Also, $200 is not bad every month, I used to start at $20 every week and just worked from there to build a significant stash.

Good luck and hope you learn more about bitcoins and how cooler it is compared to fiat!


Title: Re: New to BTC, and overwhelmed
Post by: gabbie2010 on August 04, 2017, 12:57:09 PM
It is great having you on this wonderful world of cryptocurrencies, make sure you dedicate some of your time to make research on bitcoin and other related coins, make sure you navigate through some or all the threads on this forum because it contains so much information you can  be assured that you will not regret joining this world of cryptocurrencies.