Bitcoin Forum

From my experience i am telling

= First learn everything ,  where i can learn ? answer is bitcointalk.  take time read all the posts in alt coin and bitcoin section. This forum's is the key for a newbie. i also in two years back , learn A-Z from this.

= Learn at least this Technology for 3 months. Study the patterns in each coin , specially potential coins. How i find potential coins, its most coming by experience , at the moment ( QUARK CHAIN,PCHAIN,PHANTASMA,)

=Keep your private things in safe. if you earn billions also worthless if unsecured. Please keep your private Key in top secret Place. Under any circumstances do not give it away. when Airdrop filling please beware of Public key to enter

=Dont go for too much hodl. Some coins have potential only for 3 months , then it goes to hell.

= Try to USE an APP to see your portfolio. be update always. Some are saying invest now and forget 2 years and see. Thats completely wrong.  

=Try to maintain a excel sheet to measure the progress. (Profits , Alt coins market Conditions)

=Do not try Day trading if you not confident. if you choose day trading , you will lost everything .. by experience i am telling

=if you like to ICO investing , please refer ICODROPS. COM only. Its give pure recommendations

Great advices! Also, i would recommend begginers to buy a hardware wallet like Trezor or Ledger Nano S. The price os around 100 Euro, but you are protected 100% against hackers, and the piece of mind that they provide is priceless.

Great advice, I totally agree. Before you start to change your life and dive into crypto, you need to learn more about it, how the market is built, how to make money on generosity. Where and how best to invest. On the bitcoin forum a lot of different information and step by step instructions

tips are very useful for beginners, very good information, I like when you write "Do not go too much hodl Some coins have potential only for 3 months, then go to hell", I really like your statement, and you are right, sometimes as an investor, someone is too patient and gets poor results.

All right, as a newbie, this is a good advice for me.
One question, why you only depend on one source only? ICO DROPS?
I thought cryptocurrency need more deep analysis and can't rely on only one source.

Hello, very good info. I like icodrops and QUARK CHAIN, PCHAIN,PHANTASMA are great ICOs. +1

Don't discourage everyone with day trading. You should add that if they are not experienced, they will lose everything.

It's not about day trading that when a newbie tries to choose it he'll lose everything he has but if he's inexperienced about it.

The safest thing to do for keeping your tokens is this one, btw I'm using Nano S.

I too using Icodrops, its the platform we must use.

Don't do emotional buy and sell, make a trading rule and stick to it.
If you are into day trade, you can't profit without automation, you would need bots to trade for you and you should have a high liquidity.

actually, that's all accurate, and the first thing you said is actually the most important, without knowledge there is no future for the person without interest of learning.

yes i do start crypto by joining this forum discussion and i learn a lot from it. Day trading is hard and i dont recommend it, there is fee for every transaction and i do think its not profitable.

thank you for sharing  ;D ;D ;D
I saved.
but if I had a chance, really want to become millionaires just one night  ;D
I'm investing some ICOs, hope they bring me back some profit.

Well, i actually dont have trezor wallet but i feel safe since i always check the website i enter before pasting private key.
If we could use trezor wallet then its better i think but specially for small money it will not worth. Collect more money so we need trezor wallet to protect our money

Nice share, sir. Some of which you explain I have applied, hopefully we will succeed in this altcoin world. The most important thing is experience, thoroughness and patience to pursue this business.

I totally agree with the OP because small time investor or newbie in the cryptocurrency won't be millionaire in just a night. the market is highly volatile that no one can have an accurate prediction on what will happen next so it is better to learn first before doing some risky moves.

Honestly I do not agree with your post.

If you are in crypto to become a millionaire (being this your primary objective) then you are starting all wrong. Yes, we can all make money out of this, some people have even made a lot. But should not be the reason why you invest in crypto.

This forum is a great source of education, but it is also full with promotion and shilling of some coins. You should use it as a tool, together with other sources of self-education. There are great free posts in Medium, for example. And some good books as well.

Risk management is a must. Diversification is very important. And beware of the so-called influencers: most of them are just paid shills, or have conflicts of interests. Always do your own research, try to understand the technology, the team, the token velocity, as well as metrics. This is really important. Most people invest in ICOs or altcoins without even knowing what they are trying to accomplish, just following the hype. And this is a mistake.

I hope my opinion ads value to the discussion.

It was all based on the strategies used. If many doubts and didn't want to try then it will not be stepped up. Thus doubt it should still dare to try because it will certainly make it a valuable experience. Although the loss of capital due to the usual things that certainly deem it as experience. If always doubt and banned trying then the ability and experience will not develop.

That is quite true, not even in crypto market but also in shares trading or betting.

You can examples like credits , ins eco

Today you don't need to study any technology or read all forum's posts for 3 months to clarify what coins you need to choose for investment :) It is quite simple:

1) Check TOP 7 ICO table (or other similar) https://docs.google.com/spreadsheets/d/12bJmLfCf02VIrBg4DPrTeR_hqGE6V5dorgMglPUOwSA/htmlview?sle=true#gid=0 regularly for new projects.

2) Participate in projects that going to be blockchain platforms (like ethereum, for example) and are quite overhyped.

3) Sell all tokens once they reached exchanges.

4) Feel free to be a millionaire, now you have time to study technology and so on ;)

My tip to become a millionaire is to be very fond of me as well, so I'm a millionaire for a short time if you just come to the cryptographic market that will give you the chance to become a millionaire. quickly and properly

Adding to what you mentioned is a change in life style as you would need to work double to triple time to make millions. Also be open to new opportunities and have more options for you to earn and make a passive income as the more options you have the lesser the chances of you getiing broke. Try to find money making options to outside cryptocurrency as it will make more stable.

There is noway to become millionaire in overnight. We can become millionaire but it takes time. Any good investment can make you millionaire.

Very useful advice especially for choosing pumped altcoins. But for long-term investments, maybe the legends who currently wear Bitcoin shirts know a little more secret.

If we want to be a millionaire over the nights, I think the best way is by following trading. day-Trading allows you to check which coin is now having the low price but some moment later it will rise higher. It can be done. But, you must know how to analyze the coin that is very good for the day trading and has the potential to rise in certain time.

I think not all coins are not good for a period of years. Some coins are created to grow constantly.
It's going to have a tidal price, but a coin with a big name like Bitcoin will not go anywhere other than bigger in the future.

Very useful information for NOOB and Dude guy. I will save this to share to them. They say forget 2 year only for longterm and good projects. Bitcoin and Ethereum you can hold anytime you can, Patient is key of rich

I agree with you if you are talking about a new project. But not with the famous Altcoin. I believe some Altcoin just need the right momentum to explode. And long-term investments will keep us from losing the opportunity to buy when the explosion begins.

You are absolutely right mate. The first paragraph of this post really explained all needed to be taken care of and the rest Goodies would follow. Absolutely, knowledge is light. In the industry, anyone who wants to succeed need to learn and here is the learning field. Read through topics here and be patient, trust me you will achieve a lot as a noob in crypto

Can't agree with the first one, unfortunately. It is useless to read all the posts in bitcoin and altcoin boards, as they are overspammed by shitposters now! Maybe it was different when you were a newbie here, but now these boards look like hell. But still there are many good posts in Bitcoin > Technical Discussion, and almost no spam there. Highly recommended to read this board.

I certainly can make use of your recommendations. It seems to me that you are well verse in this field having experience everything from ICO investing to day trading, and being candid in even telling which ICO are ok to invest in. I thank you for these reminders.
For wallets, you might also recommend those that do not have to use or to disclose private keys when joining airdrops. Using this you are have at least one less problem to worry about.

Cold storages would always be preferable when we do talk on storing huge amounts of tokens/value compared to other means of wallet like pc or webwallets which is really more prone on incident of hacking yet it is exposed as always online unlike on hardware ones you are somehow confident on what you are storing on which is secured.

Its not really right to discourage anyone with daytrade.Yes, it is really risky but still can be possibly learn by anyone but this would matter with skills and time to improve yourself.

I would like to say if these tips are very good and very good information for beginners like me. Please do not emotion if you want to buy and sell. The rules that are in the project we must obey. But I like what you say that is without knowledge there is no future for people who are not interested in learning.

Thanks for your information. The most important thing when trading and ICO investment is not just following - but you should research the project. Keep being careful making decisions.

This is great advice. For a newbie, reading this would be very helpful. I would like to add some of own tips. First and foremost is to have patience. Second is to make smart decisions like to hodl or not. This decision can be made by fully analyzing the coin and see if it is worthy to hodl. Third is to take part in legit airdrops, campaigns etc.

Great tips but I don't think it's enough to become a millionaire for it's nearly impossible if you don't have funds for a start and a professional knowledge to use, some of the tips that you share are easy to learn and commonly seen on a lot of media sites but we all know that it's quite hard to apply most likely for a beginners.

People who are lucky enough to become a millionaire will never talk about their successes and give advice to other thousands of people to share the idea and become millionaires.I think your goal is not to give useful advice, and what else, you'll excuse if it can upset you, but it sounds funny-guys I know how to become a millionaire here and you soon catch up)))

Best way to become a millionaire is to put your FIAT into a currency that has a lower value,at one time in Zimbabwe I think everyone was a millionaire but it bought you a bottle of water, and it's easy in Pakistan ($9,000) also but million rupees doesn't buy that much.

Seriously tho the best way to increase your wealth is by disciplined trading and knowing when to HOLD and yes HOLD often does work well

There are very clever recommendations here. Everyone should listen to this and apply them literally.
We must always work with full concentration.

good advice thanks for sharing for the tips, i also still newbie have much to learn in this forum, for now i become bounty hunter for get a profit and i will also apply tips from you thanks

Wow good source of informatin among good ICO projects. This is why i am grateful with this BCT forum because members are good and they really share their insights that could benefit one another. In this thread i know that to become rich here in cryptocurrency does not take over night and it depend also how lucky you are in participating lot of activities in this forum like joining bounty campaigns. But let us not also give false hope to other members that would likely to become rich because of crypto. It is the attitude that really matters here to get a good reward and the same time working hard is the key to it.

Being a millionaire will not be in one night unless you have billions as capital. But keep in mind also that the power of capital is also required in investment. And I think the analysis for long term is different for each Altcoin. Some altcoins may be a sleeping giant, and work when held for longer.

Wow! I hope i can apply all of this information to my strategy and follow your footsteps towards becoming one of many millionaires in cryptocurrency. Thank you for sharing this information.

Yeah that is good one. I like the point where you mentioned keeping track of everything under one excel sheet. I do that all the time to watch my portfolio, have my private keys in one place and secured one. I always keep an eye over the crypto market through this excel sheet by updating it multiple times and thus it also gives me idea on how my portfolio is doing really and whether I need to change it or upgrade it and more or less shaping it profoundly.

These are small steps which we can always take for achieving big dreams of getting millions. These small steps can tell us where we lacking and where we need to get upgraded in the long run so that our profit will be upto the mark.

Those are the simple tips and tricks to be a millionaires. But yeah of course. I absolutely agree. Being rich cannot be done only over night. It needs more hours, more days, more weeks. Why? Being successful in crypto needs more efforts starting from the analyzing, deciding, and joining in the activities. After that, we must still analyze again to gain more profits. Just be patient and smart to invest or participate in ICO.

May be it is not as easy as you are thinking about it here. Im all right with all the tips and tricks that you have mentioned here as they are good habit to follow for getting some success. However getting millionaire here takes lot of patience and also lot of strategies to be built on before we can get started. I mean there always has to be proper methods of lets say gambling, trading, investing etc. If you are on the right track then you have to follow it until the end. Greediness is not an option for you if you are going for the millions dreams. Many times you have to fall back and start over, but you dont have to be tired!

Anyone truly understanding how halving s work will do very well in the long term. 

This is really a good advice for the people of crypto market and new users mainly there is quotes like patience is the key to success if they understand properly about crypto system that time they can move or else they should have patience so that they can earn more profit from market.

I've hodl Stellar Lumen (XML) since their name is still Stellar, more than six month and the coin is certainly not a waste right?

Good advice but i wouldn't only trust ICO drops, although it's better than most other ICO review websites one should really look outside the official website and check references of the team and if their profiles are real. Then study the whitepaper to see if it's worth investing in.

Don't trade because you panic and never do impulse buying. I know,  it's  hard to master but we need to master this attitude.  Do cost averaging if you believe that a project has a long term potential.

So true and in fact it didn't even reach 3 months before it get dump. I'm regretting to buy CHSB as I see the project have a clear future but it turned out not. And now I just hold and it's too late to sell at loss. Just hoping that in next years it will grow even unexpectedly. ;D

Very decent tip to be honest. I have been doing most of it for over a year now and yes it does work

Great idea and good analysis but I do not think it is possible to become a millionaire overnight in crypto as it require time and patience and reasonable investment. As long as you are able to choose wisely and be patience, you will achieve greatness in crypto.

Good advices for begginers. Also i very agree with you about to hodl 3 months because some coins ara only for dump and pump. Try to sell them when it is the right time.

agree on it there is no such a way that you can be a millionaire immediately cause you have to gain here a lot of time and efforts to become a successful and be a millionaire person and this is what i also learn from here and i am able to be more patient for everything.

Thank you for the informative tips. I hope that it will help the forum users as well as the beginners who are interested to do investments in crypto industry.

Wow That’s a very good informative post. Often the newcomers find difficulties in gaining advices from experienced investors. This post will help many of the newcomers.

Thank you for sharing. This is a very good article. I learned a lot of knowledge from the article. This will allow me to avoid a lot of losses in future transactions!

its on the top ten. those are highly potential. bu the thing is we have get those in very dip. then at the bull run we can get massive profit.

Thank you for the input, but I think capital management is also very important to manage the portfolio. In some altcoins we believe to have high potential, especially when there is a correction, I think a gradual purchase is very important if we are not too sure of the lower limit.

Appreciated for sharing valuable information.Yes there is a process to be milluonaire and need to follow it.Educate yoursef,Make goals,list of strategies to reach goals and never forget to work beside plan B.Commitment and consistency will take you to reach golas .

I don't think that the high income will last more than three years. Everything goes to the fact that governments of different countries and centralized exchanges want to stabilize prices & remove small investors from the path.
 In this case, there will be no big profit and we can drop to 20% of annual profit.
I think it is now the golden age in order to earn a million, well, or at least tenth of a million.

I think the experience will teach us what we need in investing in this field. Maybe you are lucky to find more coins at the right time. But in fact many of the most successful people here are people who hold their coins longer than you.

Agree, the good old time of x1,000 x100 is now long gone... we have to reduce our expectation to x5 x 10 now and eventually, an ICO that wont drop below ICO price is consider good projects. Try reading through the ICOdrop stats, many stupid ICOs are below ICO price, I dont understand why people are so dump investing in those total scam projects

Icodrops is a relatively reliable website, because most of the time his rating is excellent.
In my opinion, most evaluation websites are nothing but shit.

Good recommendations for beginners and for medium learners. I would like to add that one must not panic sell especially when they are holding long term coins like ethereum and bitcoin. If one coin wil not recover for two months, it will surely keep on dropping.

I prefer long-term investment and I had a situation when the coins were very falling in price. I agree with the fact that you can not keep all coins for several years.

Some of the chains you describe maybe interesting, but there are also many new ones that can make these obsolete in a year. It is a complex business.

The most important parameter for growth in the ICO and in General as a person is the maintenance of statistics. You should always know which way your progress is moving.

I think the best way to make money is day trading. There's no way a beginner can make big profits out of it tho, so you got to start with pen & paper trading in the beginning. After you start feeling comfortable with the trading, and make profit regularly, you can start trading on a platform with small amounts. Always try to trade the more trustworthy currencies, avoiding scams and coins with no future. Slowly and carefully you can start trading with bigger money, making more profit...

Or you can just hodl. Something like xmr, eth, or bch

I do not agree, many projects are just beginning to develop after 2-3 months.

I liked the reccomandation as they give very good insights about the general market conditions and not only for beginners but also for more experienced traders, I want to add that also greed is a big problem in this game.

In order not to lose your investment you need to trade carefully and carefully select coins and tokens. In addition, it is important to analyze the market.

Truly these tips sound good to practice to become a millionaire. There is no doubt that to become a millionaire, it requires you many different factors. Especially, you’re better off having an intimate knowledge. Because you know when you have a stable knowledge, you will analyze the market accurately and easily or you can make a good decision that makes you not feel regretful. Next, both patience, skill, experience are definitely necessary. You would accept to spend as much time as possible so that you can learn to buil skill or experience as well if you have patience. To summarize, it’s not easy for anyone to become rich, it means you have to try your best, and never give up.

Thank you for this, I also learned this line, I keep always holding particular coin before, but I keep always losing the value of it if I keep holding it. Now, I know when to sell, specially I am also participating in some ICO, there are some ICO now that is good in their 1st to 5th months after the release of their token. I really appreciated your post.

Thank you for that detailed advice. All the best keypoints to become a successful investors are all in your description. If an investor have a struggle during a failed investment, better move on to it. Weeping for lost money wont make you ease, instead move on to it and learn from it. Being a successful investor always go to failure first.

To become a millionaire in over the night may be impossible. Everything needs the effort. We can see how the efforts and jobs of many millionaires in crypto, they have less sleep. Their effort includes their spending time for analyzing the market, updates, and coins existing on the lists. Of course, it needs more attention to get the profits.

To be honest after I read this post I said to myself this guy I am impressed with the advises he gave us. Though I am still struggling with the excel spreadsheet part as I am not really like the organized guy who keeps tabs of his trade. I am not really a trader, I work bounties and getting paid by the bounties, I then decide whether to make those bounties into bitcoin or eth or consume them on their projects or just hold. That is it. If tokens or coins I hold upped in value then great if not then I move on to the next bounty.

Not always the analysis helps. Now the market behaves very unpredictably. The news background is positive, but the market does not react to good news at all. So now we can only wait.

More and more sleepless nights there to archieve the goals. One of my friends there  he got a audi. He told me he just sleep 1 hr or 2 hours per day  to archieve this goal.

I think the biggest problem in the crypt is a scam. Now it is rather difficult for beginners to become a millionaire because they invest in scam projects.

Very good advice. Particularly suitable for beginners. I think short-term trading is not for me. This is too difficult. What you say is very reasonable.

Such beautiful tips but there is only one thing remaining to figure out - are a millionaire yet?
Cuz if you not than all these tips can't be taken seriously, for real

There is noway to become millionaire in overnight. We can become millionaire but it takes time. Any good investment can make you millionaire.

The most important thing is security because no matter how much you earn you will not be able to get this money if you suffers  a hacker attack.

This is quite true! Based on my experience hodling may not be the best way to go especially with newer projects but this can be applied to the most popular cryptocurrencies like Bitcoin, Eth and the likes. Why is this so? Because many of the new projects are actually based on experiments there is no guarantee that what they are doing will really work and we know that it can take time to make an idea work. Another problem with many ICOs is that with utility tokens we are not supposed to be getting anything like dividends if the project will succeed unlike with buying stocks which essentially limit the value of the token unless the project is as big as Binance whose coin is really doing good.

My recommendation for a newbie is just watch for some months. Just learn and watch, don't invest immediately. Use similators or testnets of some exchanges to try yourself without investing. Don't get angry when you cannot get real profit. And learn security first before investing.

Thanks for sharing your experience.
In fact, I think until now I still feel the need to keep learning about cryptocurrency. Because every day there is always more information to improve our knowledge.
Crypto is very unique to me.
Crypto gives me many advantages whether it is science or income.

Talk about security, crypto is safe enough for me.
If we can keep our personal data well, then we will have no problem with data loss.

Be careful about making decisions when we are in a trade activation, do not let emotions force us to act too soon after we make mistakes.

I can summarize as below;
Manage personal data well,
Keep updating our knowledge,
Manage our emotions when we are in trading activities
And we'll see that we can meet a good end result.

Thank you for the advice I really appreciate it because I learned or I've got your point on how or what I am going to do in this crypto world. I do what you say " Dont go for too much hodl. Some  have potential only for 3 months , then it goes to hell. " thanks of this words.

yes we you take some thing , thats the real worth of this post. do not too much hodl that will be very mess to you

Now pour a lot of advice, first of all it depends on the strategy that you lead,you can now buy coins on the degree of risk(so to speak echelons that can give more profit,and more risks ssotvetstvenno,but there are those that are more reliable,but less profit,split evenly and buy for 2 years,and looking at 2020,which will cost,I think the numbers will please you,there is a tech that at the peak sells,on the decline buys,trades so to say,they have their own strategy!

Thank you for the methods you have shared. A lot of useful things to help people make more money. But to create an excel sheet, I do not think it's necessary. There are many applications that help me measure progress on ios

These tips and simple strategies are actually useful for us to succeed here in cryto. There is no shortcut to success, we really need to exert enough effort and we should work hard as well if we really want to reach our target goals here. Patience is also the best key that we could use to gain a good profit in time.

There is no any short cut to be a millionaire unless you won a lotto. I think you should try to invest in cryptocurrency because this is one of the best investment that helps you to obtained a huge income .

I agree for almost all the statement but I disagree not to hold for long. By experience, potential altcoin takes time have a momentum because they are still in development. I think you are talking about shitcoins that pumps after few months and suddenly dump like he'll and didn't bounce back.

the tips are good. Many beginners sometimes forget to learn more about crypto and eventually make them do not have enough knowledge to enter in this field. too lazy to learn and just want to immediately get results is often done by many people. enter into the field of crypto let alone the ICO is not instant and can deliver results, but keep the process.

The art of understanding when its "too late" is very important.

So basically you are just mentioning that how to use the crypto currencies and where to invest money and what are the supporting ways to track everything. I guess its hard to have broad concept of the crypto currencies in such short post. Crypto currencies are vast and they can take up big time from us to get profited. The only one important thing that I came to know from the crypto is that, they are very time consuming, they ask for your patience and without giving that one they will never pay back you. So its better to enjoy your life while the crypto blooms at one sight. Thats the formula I am keeping for now.

someone should really look outside the official website and check the references of the team and if their profile is real. Then study the white paper to see if the investment is valuable it is good advice but I will not only trust the decline of ICO, although it is better than most other ICO review websites

Good advice and you have done a great job there. People should not expect to get rich over night, you must have made some sacrifices which the op has listed. Greatness is for the serious minded not for the lazy.

I think the title is misleading against the content of the post. What the OP have shared is somehow a helpful tip for everyone specially for those who are still in their first step of investing in cryptocurrency. I agree with all he wrote except for one. Not doing "day trading"? Actually, the risks of lossing your money is huge, but when you learn the ropes, the return is great as well.
Neverthless, the post doesnt mean you'll become a millionaire if you follow this basic steps, but it will be a guide to a safe investment.
Becoming a millionaire isnt easy, it is something that cannot be easily shared by actual millionaires.

Appreciated for sharing valuable information.Yes there is a process to be milluonaire and need to follow it.Educate yoursef,Make goals,list of strategies to reach goals and never forget to work beside plan B.Commitment and consistency will take you to reach golas .

I fully support! It is felt that the person himself went through everything. Here the main thing is not even to become a millionaire, but not to lose everything in the first week ;D

Such information is always useful, but I think to become a millionaire you should always invest a reasonable amount of money, which you need to gain first.  ;)

It seems to me that now all the tips are already fully told on the forum, you just need to be patient and read this forum, otherwise you will not get anything to earn. The main thing is not to throw this thing, otherwise you will not succeed.

advice and at the same time a very good warning for beginners not to start the wrong way, because if you start it the wrong way you will have doubts about continuing to join the world of crypto

I don't agree with you to some extent, if one's only goal in crypto is making money then he can easily make lots of money if he knows what to do and dedicated to it. If an ico raises $10M, $100.000 is left for those people. But I agree with that learning is much more important you build rather a long term portfolio by learning.

these tips am giving from my experiences. i need to give thats why i expressed it. follow it you never fed up

This is really a good advice for the people of crypto market and new users mainly there is quotes like patience is the key to success if they understand properly about crypto system that time they can move or else they should have patience so that they can earn more profit from market.