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Title: Some basics for new crypto investors Post by: reactorjuno on September 30, 2018, 01:06:33 PM Hi folks.
If you are quite new to cryptocurrencies and wish to invest some pocket money, here is a quick list of websites you must know and use, without them you will not be able to do anything in the world of cryptocurrencies: Coinmarketcap a website where you can see current prices of all cryptocurrencies and trading volumes. The home page displays average prices. To see the prices on a specific exchange, you have to go to the cryptocurrency page and go to the "Markets" tab. Blockchain.info Here you can see the graph of mempool load, transactions and many other statistics on the bitcoin blockchain. Before starting a transaction with bitcoin, it is recommended to check the number of uncompleted transactions in the mempool. This way you will know how quickly your transaction will be processed. The Bitinfocharts portal the average cost of transactions for each cryptocurrency. You will also find here other useful information, for example the number of transactions already carried out. The data is updated with a small delay, but overall it helps to understand what is happening. Cryptocompare for those who want to monitor their assets in real time. You create a portfolio online, you get some info about the purchase or sale of cryptocurrencies. The platform will calculate everything by itself and display benefits / losses and other useful information. It is also convenient to keep an eye on interesting assets by adding them to your own portfolio. Two-factor authentication: Google Authenticator, for obvious security purpose. Best of luck whatever you do! Title: Re: Some basics for new crypto investors Post by: nakamura12 on September 30, 2018, 03:01:27 PM This will help newbies about the information they need to know about this websites that some think that coinmarketcap is an exchange site but it's not. As mention in your post it is to check about the prices of each coin, altcoin or token. To newbies out there please keep this in mind as this will help especially the traders.
Title: Re: Some basics for new crypto investors Post by: Mirae on September 30, 2018, 04:15:43 PM In my opinion Authy is a better choice than Google Autheticator for various reasons, but the biggest one is their easy backup option
in authy you just need to setup an password and turn on the backup option so now even if you loose your phone or delete authy you can easily get the 2fa "codes" back without any need to have backup codes etc Title: Re: Some basics for new crypto investors Post by: Harlot on September 30, 2018, 05:06:02 PM The websites you have provided are only useful if the person already knows what they will do with the information they are showing. If a normal person visits the website without any knowledge about it, it would look like useless data for them as they can't simply understand it. What I am trying to push at is that this data will only be useful if they started to study on their own and learn how to make these data being shown to them as an advantage, trust me this websites will be useful if you know how.
Title: Re: Some basics for new crypto investors Post by: reactorjuno on October 01, 2018, 02:37:03 AM The websites you have provided are only useful if the person already knows what they will do with the information they are showing. If a normal person visits the website without any knowledge about it, it would look like useless data for them as they can't simply understand it. What I am trying to push at is that this data will only be useful if they started to study on their own and learn how to make these data being shown to them as an advantage, trust me this websites will be useful if you know how. Fair enough. Then for a very beginner, you can always try to read this e-book (https://d28rh4a8wq0iu5.cloudfront.net/bitcointech/readings/princeton_bitcoin_book.pdf) I have not read all of it, maybe 30% of it last year when I started to get interested in Bitcoin and it was a very useful read, worth your time if you are very beginner. Title: Re: Some basics for new crypto investors Post by: doolittle on October 01, 2018, 06:46:00 AM The websites you have provided are only useful if the person already knows what they will do with the information they are showing. If a normal person visits the website without any knowledge about it, it would look like useless data for them as they can't simply understand it. What I am trying to push at is that this data will only be useful if they started to study on their own and learn how to make these data being shown to them as an advantage, trust me this websites will be useful if you know how. Fair enough. Then for a very beginner, you can always try to read this e-book (https://d28rh4a8wq0iu5.cloudfront.net/bitcointech/readings/princeton_bitcoin_book.pdf) I have not read all of it, maybe 30% of it last year when I started to get interested in Bitcoin and it was a very useful read, worth your time if you are very beginner. I think he will fully tell beginners from the beginning and introduce readers to the process of mining. That's probably what I was looking for. I liked this picture from the book. Evolution of bitcoin mining and gold mining! http://i63.tinypic.com/jqhsns.png Title: Re: Some basics for new crypto investors Post by: 1Crypto_Mike1 on October 05, 2018, 11:25:58 PM I use all of the resources you listed, but I've found the most common question I get from newbies is "how do I buy it??"
After growing tired of explaining the process over and over, I built this theycallitcrypto.com (https://theycallitcrypto.com/) ;) Just plug in the coin you want, payment method and country and it will suggest the best exchanges to use. Let me know what you think of it! |
